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Kroger (KR) Financials

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$64.45 -1.19 (-1.81%)
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Annual Income Statements for Kroger

Annual Income Statements for Kroger

This table shows Kroger's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/30/2016 1/28/2017 2/3/2018 2/2/2019 2/1/2020 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/1/2025 1/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 2,039 1,975 1,907 3,110 1,659 2,585 1,655 2,244 2,164 2,665 1,016
Consolidated Net Income / (Loss)		 2,049 1,957 1,889 3,078 1,512 2,588 1,666 2,249 2,169 2,672 1,024
Net Income / (Loss) Continuing Operations		 2,049 1,957 1,889 3,078 1,512 2,588 1,666 2,249 2,169 2,672 1,024
Total Pre-Tax Income 		3,094 2,914 1,484 3,978 1,981 3,370 2,051 2,902 2,836 3,342 1,200
Total Operating Income		 3,576 3,452 2,612 2,614 2,251 2,780 3,477 4,126 3,096 3,849 1,890
Total Gross Profit		 24,334 25,835 27,469 26,749 26,992 30,901 30,349 31,778 33,364 33,403 34,402
Total Revenue		 109,830 115,337 123,280 121,852 122,286 132,498 137,888 148,258 150,039 147,123 147,642
Operating Revenue		 109,830 115,337 123,280 121,852 122,286 132,498 137,888 148,258 150,039 147,123 147,642
Total Cost of Revenue		 85,496 89,502 95,811 95,103 95,294 101,597 107,539 116,480 116,675 113,720 113,240
Operating Cost of Revenue		 85,496 89,502 95,811 95,103 95,294 101,597 107,539 116,480 116,675 113,720 113,240
Total Operating Expenses		 20,758 22,383 24,857 24,135 24,741 28,121 26,872 27,652 30,268 29,554 32,512
Selling, General & Admin Expense		 17,946 19,162 21,510 20,786 21,208 24,500 23,203 23,848 26,252 25,431 28,308
Depreciation Expense		 2,089 2,340 2,436 2,465 2,649 2,747 2,824 2,965 3,125 3,246 3,332
Other Operating Expenses / (Income)		 723 881 911 884 884 874 845 839 891 877 872
Total Other Income / (Expense), net		 -482 -538 -1,128 1,364 -270 590 -1,426 -1,224 -260 -507 -690
Interest Expense		 482 522 601 620 603 544 571 -39 -30 -12 10
Interest & Investment Income		 - - - - 157 1,105 -821 -1,263 -290 -598 -680
Other Income / (Expense), net		 - -16 -527 1,984 176 29 -34 0.00 0.00 79 0.00
Income Tax Expense		 1,045 957 -405 900 469 782 385 653 667 670 176
Net Income / (Loss) Attributable to Noncontrolling Interest		 10 -18 -18 -32 -147 3.00 11 5.00 5.00 7.00 8.00
Basic Earnings per Share		 $2.09 $2.08 $2.11 $3.80 $2.05 $3.31 $2.20 $3.10 $2.99 $3.70 $1.55
Weighted Average Basic Shares Outstanding		 966M 942M 895M 810M 799M 773M 744M 718M 718M 715M 652M
Diluted Earnings per Share		 $2.06 $2.05 $2.09 $3.76 $2.04 $3.27 $2.17 $3.06 $2.96 $3.67 $1.54
Weighted Average Diluted Shares Outstanding		 980M 958M 904M 818M 805M 781M 754M 727M 725M 720M 655M
Weighted Average Basic & Diluted Shares Outstanding		 975.60M 949.50M 903.80M 818.40M 777.89M 751.99M 723.31M 717.47M 721.69M 660.89M 612.58M
Cash Dividends to Common per Share		 $0.41 $0.47 $0.50 $0.55 $0.62 $0.70 $0.81 $0.99 $1.13 $1.25 $1.37

Quarterly Income Statements for Kroger

This table shows Kroger's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 8/12/2023 11/4/2023 2/3/2024 5/25/2024 8/17/2024 11/9/2024 2/1/2025 5/24/2025 8/16/2025 11/8/2025 1/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -180 646 736 947 466 618 634 866 609 -1,320 861
Consolidated Net Income / (Loss)		 -179 647 739 956 465 617 634 868 610 -1,315 861
Net Income / (Loss) Continuing Operations		 -179 647 739 956 465 617 634 868 610 -1,315 861
Total Pre-Tax Income 		-197 851 934 1,191 613 804 734 1,103 772 -1,790 1,115
Total Operating Income		 -479 912 1,193 1,294 815 828 912 1,322 863 -1,541 1,246
Total Gross Profit		 7,378 7,480 8,421 10,145 7,651 7,686 7,921 10,567 7,810 7,902 8,123
Total Revenue		 33,853 33,957 37,064 45,269 33,912 33,634 34,308 45,118 33,940 33,859 34,725
Operating Revenue		 33,853 33,957 37,064 45,269 33,912 33,634 34,308 45,118 33,940 33,859 34,725
Total Cost of Revenue		 26,475 26,477 28,643 35,124 26,261 25,948 26,387 34,551 26,130 25,957 26,602
Operating Cost of Revenue		 26,475 26,477 28,643 35,124 26,261 25,948 26,387 34,551 26,130 25,957 26,602
Total Operating Expenses		 7,857 6,568 7,228 8,851 6,836 6,858 7,009 9,245 6,947 9,443 6,877
Selling, General & Admin Expense		 6,935 5,646 6,278 7,604 5,886 5,898 6,043 7,923 5,967 8,467 5,951
Depreciation Expense		 716 721 731 978 751 757 760 1,051 778 782 721
Other Operating Expenses / (Income)		 206 201 219 269 199 203 206 271 202 194 205
Total Other Income / (Expense), net		 282 -61 -259 -103 -202 -24 -178 -219 -91 -249 -131
Interest Expense		 93 -7.00 101 - - -3.00 - 1.00 3.00 2.00 4.00
Interest & Investment Income		 367 -68 -164 -123 -84 -106 -285 -218 -88 -247 -127
Income Tax Expense		 -18 204 195 235 148 187 100 235 162 -475 254
Basic Earnings per Share		 ($0.25) $0.89 $1.02 $1.30 $0.64 $0.85 $0.91 $1.30 $0.91 ($2.02) $1.36
Weighted Average Basic Shares Outstanding		 719M 719M 718M 721M 723M 723M 715M 660M 662M 655M 652M
Diluted Earnings per Share		 ($0.25) $0.88 $1.01 $1.29 $0.64 $0.84 $0.90 $1.29 $0.91 ($2.02) $1.36
Weighted Average Diluted Shares Outstanding		 719M 725M 725M 727M 727M 728M 720M 664M 665M 655M 655M
Weighted Average Basic & Diluted Shares Outstanding		 719.32M 719.42M 721.69M 721.79M 723.49M 723.61M 660.89M 661.16M 662.68M 632.85M 612.58M
Cash Dividends to Common per Share		 $0.29 $0.29 $0.29 $0.29 - $0.32 - $0.32 - $0.35 $0.35

Annual Cash Flow Statements for Kroger

This table details how cash moves in and out of Kroger's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/30/2016 1/28/2017 2/3/2018 2/2/2019 2/1/2020 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/1/2025 1/31/2026
Net Change in Cash & Equivalents		 9.00 45 25 82 -30 1,288 134 -806 868 2,076 -625
Net Cash From Operating Activities		 4,917 4,272 3,413 4,164 4,664 6,815 6,190 4,498 6,788 5,794 7,311
Net Cash From Continuing Operating Activities		 4,917 4,272 3,413 4,164 4,664 6,815 6,190 4,498 6,788 5,794 7,311
Net Income / (Loss) Continuing Operations		 2,049 1,957 1,889 3,078 1,512 2,588 1,666 2,249 2,169 2,672 1,024
Consolidated Net Income / (Loss)		 2,049 1,957 1,889 3,078 1,512 2,588 1,666 2,249 2,169 2,672 1,024
Depreciation Expense		 2,089 2,340 2,436 2,465 2,649 2,747 2,824 2,965 3,125 3,246 3,332
Amortization Expense		 - - - 0.00 640 626 605 614 625 603 588
Non-Cash Adjustments To Reconcile Net Income		 391 252 -342 -1,820 470 -760 1,355 1,080 216 387 3,027
Changes in Operating Assets and Liabilities, net		 388 -277 -570 441 -607 1,614 -260 -2,410 653 -1,114 -660
Net Cash From Investing Activities		 -3,570 -3,875 -2,707 -1,186 -2,611 -2,814 -2,611 -3,015 -3,750 -3,228 -3,914
Net Cash From Continuing Investing Activities		 -3,570 -3,875 -2,707 -1,186 -2,611 -2,814 -2,611 -3,015 -3,750 -3,228 -3,914
Purchase of Property, Plant & Equipment		 -3,349 -3,699 -2,809 -2,967 -3,128 -2,865 -2,614 -3,078 -3,904 -4,017 -3,855
Sale of Property, Plant & Equipment		 45 132 138 85 273 165 153 78 101 377 76
Divestitures		 - - - 2,169 327 - - 0.00 0.00 464 52
Other Investing Activities, net		 -98 93 -20 160 -83 -114 -150 -15 53 -52 -187
Net Cash From Financing Activities		 -1,338 -352 -681 -2,896 -2,083 -2,713 -3,445 -2,289 -2,170 -490 -4,022
Net Cash From Continuing Financing Activities		 -1,338 -352 -681 -2,896 -2,083 -2,713 -3,445 -2,289 -2,170 -490 -4,022
Repayment of Debt		 -1,337 -1,441 -875 -2,750 -2,000 -2,031 -1,603 -748 -1,377 -5,080 -663
Repurchase of Preferred Equity		 - - - - - - - 0.00 0.00 -1,000 0.00
Repurchase of Common Equity		 -703 -1,766 -1,633 -2,010 -465 -1,324 -1,647 -993 -62 -4,156 -2,699
Payment of Dividends		 -411 -429 -443 -437 -486 -534 -589 -682 -796 -883 -885
Issuance of Debt		 896 3,216 2,219 2,236 813 1,049 56 0.00 15 10,502 43
Issuance of Common Equity		 120 68 51 65 55 127 172 134 50 127 182
Cash Interest Paid		 474 505 656 614 523 564 607 545 488 252 633
Cash Income Taxes Paid		 1,001 557 348 600 706 659 513 698 751 681 635

Quarterly Cash Flow Statements for Kroger

This table details how cash moves in and out of Kroger's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 8/12/2023 11/4/2023 2/3/2024 5/25/2024 8/17/2024 11/9/2024 2/1/2025 5/24/2025 8/16/2025 11/8/2025 1/31/2026
Net Change in Cash & Equivalents		 -212 -695 158 980 -63 10,558 -9,399 779 145 -927 -622
Net Cash From Operating Activities		 1,504 504 1,920 2,342 1,122 926 1,404 2,149 1,539 970 2,653
Net Cash From Continuing Operating Activities		 1,504 504 1,920 2,342 1,122 926 1,404 2,149 1,539 970 2,653
Net Income / (Loss) Continuing Operations		 -179 647 739 956 465 617 634 868 610 -1,315 861
Consolidated Net Income / (Loss)		 -179 647 739 956 465 617 634 868 610 -1,315 861
Depreciation Expense		 717 722 729 978 750 758 760 1,051 778 781 722
Amortization Expense		 142 142 153 187 140 138 138 184 134 135 135
Non-Cash Adjustments To Reconcile Net Income		 -317 74 203 -45 196 -22 -488 168 59 2,785 15
Changes in Operating Assets and Liabilities, net		 1,141 -1,081 96 266 -429 -565 360 -122 -42 -1,416 920
Net Cash From Investing Activities		 -848 -950 -1,005 -1,014 -891 -497 -826 -1,039 -1,068 -908 -899
Net Cash From Continuing Investing Activities		 -848 -950 -1,005 -1,014 -891 -497 -826 -1,039 -1,068 -908 -899
Purchase of Property, Plant & Equipment		 -926 -953 -997 -1,304 -875 -954 -884 -1,044 -924 -941 -946
Sale of Property, Plant & Equipment		 3.00 5.00 7.00 304 5.00 1.00 67 12 24 18 22
Divestitures		 - - - - - - - - - - 52
Other Investing Activities, net		 75 -2.00 -15 -14 -21 -8.00 -9.00 -7.00 -168 15 -27
Net Cash From Financing Activities		 -868 -249 -757 -348 -294 10,129 -9,977 -331 -326 -989 -2,376
Net Cash From Continuing Financing Activities		 -868 -249 -757 -348 -294 10,129 -9,977 -331 -326 -989 -2,376
Repayment of Debt		 -675 -38 -562 -120 -79 -143 -4,738 -84 -111 -69 -399
Repurchase of Common Equity		 -18 -7.00 -8.00 -103 -13 -9.00 -4,031 -181 -22 -738 -1,758
Payment of Dividends		 -188 -210 -210 -210 -210 -231 -232 -211 -211 -237 -226
Issuance of Debt		 - - - - - - 3.00 - - - 5.00
Issuance of Common Equity		 13 6.00 8.00 85 8.00 13 21 145 18 17 2.00
Cash Interest Paid		 144 72 108 70 122 -42 102 269 101 200 63
Cash Income Taxes Paid		 198 289 172 119 78 329 155 203 212 115 105

Annual Balance Sheets for Kroger

This table presents Kroger's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/30/2016 1/28/2017 2/3/2018 2/2/2019 2/1/2020 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/1/2025 1/31/2026
Total Assets		 33,897 36,505 37,197 38,118 45,256 48,662 49,086 49,623 50,505 52,616 49,953
Total Current Assets		 9,892 10,340 11,117 10,803 10,890 12,503 12,174 12,670 12,948 15,273 14,505
Cash & Equivalents		 277 322 347 429 399 1,687 1,821 1,015 1,883 3,959 3,334
Accounts Receivable		 1,734 1,649 1,637 1,589 1,706 1,781 1,828 2,234 2,136 2,195 2,192
Inventories, net		 6,168 6,561 6,533 6,846 7,084 7,063 6,783 7,560 7,105 7,038 6,892
Prepaid Expenses		 790 898 835 592 522 876 660 734 609 769 843
Other Current Assets		 923 910 1,161 1,181 1,179 1,096 1,082 1,127 1,215 1,312 1,244
Plant, Property, & Equipment, net		 19,619 21,016 21,071 21,635 0.00 22,386 23,789 24,726 25,230 25,703 24,260
Total Noncurrent Assets		 4,386 5,149 5,009 5,680 34,366 13,773 13,123 12,227 12,327 11,640 11,188
Goodwill		 2,724 3,031 2,925 3,087 3,076 3,076 3,076 2,916 2,916 2,674 2,595
Intangible Assets		 1,053 1,153 1,100 1,258 1,066 997 942 899 899 834 808
Other Noncurrent Operating Assets		 609 965 984 1,335 30,224 9,700 9,105 8,412 8,512 8,132 7,785
Total Liabilities & Shareholders' Equity		 33,897 36,505 37,197 38,118 45,256 48,662 49,086 49,623 50,505 52,616 49,953
Total Liabilities		 27,099 29,795 30,292 30,283 36,683 39,112 39,657 39,609 38,904 44,335 44,017
Total Current Liabilities		 12,971 12,860 14,197 14,274 14,243 15,366 16,323 17,238 16,058 15,940 18,108
Short-Term Debt		 2,370 2,252 3,560 3,157 1,965 911 555 1,310 198 272 1,802
Accounts Payable		 5,728 5,818 5,858 6,059 6,349 6,679 7,117 10,179 10,381 10,124 10,488
Accrued Expenses		 1,426 1,234 1,099 1,227 1,168 1,413 1,736 1,746 1,323 1,330 1,267
Other Current Liabilities		 3,226 3,305 3,421 3,780 4,761 6,363 6,915 4,003 4,156 4,214 4,551
Total Noncurrent Liabilities		 14,128 16,935 16,095 16,009 22,440 23,746 23,334 22,371 22,846 28,395 25,909
Long-Term Debt		 9,709 11,825 12,029 12,072 12,111 12,502 12,809 12,068 12,028 17,633 15,764
Noncurrent Deferred & Payable Income Tax Liabilities		 1,752 1,927 1,568 1,562 1,466 1,542 1,562 1,672 1,579 1,417 1,094
Noncurrent Employee Benefit Liabilities		 1,380 1,524 792 494 608 535 478 436 385 387 421
Other Noncurrent Operating Liabilities		 1,287 1,659 1,706 1,881 8,255 9,167 8,485 8,195 8,854 8,958 8,630
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 6,798 6,710 6,905 7,835 8,573 9,550 9,429 10,014 11,601 8,281 5,936
Total Preferred & Common Equity		 6,820 6,698 6,931 7,886 8,602 9,576 9,452 10,042 11,615 8,285 5,927
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 6,820 6,698 6,931 7,886 8,602 9,576 9,452 10,042 11,615 8,285 5,927
Common Stock		 4,898 4,988 5,079 5,163 5,255 5,379 5,575 5,723 5,840 5,005 5,825
Retained Earnings		 14,011 15,543 17,007 19,681 20,978 23,018 24,066 25,601 26,946 28,724 28,850
Treasury Stock		 -11,409 -13,118 -14,684 -16,612 -16,991 -18,191 -19,722 -20,650 -20,682 -24,823 -28,113
Accumulated Other Comprehensive Income / (Loss)		 -680 -715 -471 -346 -640 -630 -467 -632 -489 -621 -635
Noncontrolling Interest		 -22 12 -26 -51 -29 -26 -23 -28 -14 -4.00 9.00

Quarterly Balance Sheets for Kroger

This table presents Kroger's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 1/28/2023 5/20/2023 8/12/2023 11/4/2023 2/3/2024 5/25/2024 8/17/2024 11/9/2024 5/24/2025 8/16/2025 11/8/2025
Total Assets		 49,623 50,193 50,202 51,021 50,505 51,579 51,443 62,418 53,248 53,590 51,440
Total Current Assets		 12,670 13,204 12,851 13,439 12,948 14,163 14,063 25,025 15,765 15,805 15,994
Cash & Equivalents		 1,015 2,632 2,420 1,725 1,883 2,846 2,786 13,358 4,738 4,883 3,956
Accounts Receivable		 2,234 1,766 1,820 1,938 2,136 1,968 2,149 2,193 2,131 2,211 2,373
Inventories, net		 7,560 7,030 6,828 7,931 7,105 6,694 6,643 7,585 7,020 6,843 7,714
Prepaid Expenses		 734 633 642 648 609 822 805 807 697 735 840
Other Current Assets		 1,127 1,143 1,141 1,197 1,215 1,226 1,091 1,082 1,179 1,133 1,111
Plant, Property, & Equipment, net		 24,726 24,935 24,894 24,882 25,230 25,537 25,708 25,698 25,829 25,947 24,087
Total Noncurrent Assets		 12,227 12,054 12,457 12,700 12,327 11,879 11,672 11,695 11,654 11,838 11,359
Goodwill		 2,916 2,916 2,916 2,916 2,916 2,673 2,673 2,674 2,674 2,674 2,674
Intangible Assets		 899 893 885 890 899 864 866 865 836 866 860
Other Noncurrent Operating Assets		 8,412 8,245 8,656 8,894 8,512 8,342 8,133 8,156 8,144 8,298 7,825
Total Liabilities & Shareholders' Equity		 49,623 50,193 50,202 51,021 50,505 51,579 51,443 62,418 53,248 53,590 51,440
Total Liabilities		 39,609 39,313 39,598 39,830 38,904 39,166 38,931 49,524 44,340 44,313 44,401
Total Current Liabilities		 17,238 17,130 16,537 16,785 16,058 16,378 16,132 16,274 16,625 16,699 18,222
Short-Term Debt		 1,310 1,319 716 724 198 198 196 187 807 827 1,929
Accounts Payable		 10,179 7,353 7,597 8,149 10,381 10,777 10,344 10,521 10,562 10,183 10,547
Accrued Expenses		 1,746 1,130 1,182 1,177 1,323 1,208 1,261 1,185 1,209 1,315 1,216
Other Current Liabilities		 4,003 7,328 7,042 6,735 4,156 3,953 4,139 4,381 4,047 4,374 4,530
Total Noncurrent Liabilities		 22,371 22,183 23,061 23,045 22,846 22,788 22,799 33,250 27,715 27,614 26,179
Long-Term Debt		 12,068 12,114 12,075 12,039 12,028 12,021 12,034 22,414 17,138 17,132 16,081
Noncurrent Deferred & Payable Income Tax Liabilities		 1,672 1,694 1,452 1,506 1,579 1,535 1,531 1,556 1,401 1,387 917
Noncurrent Employee Benefit Liabilities		 436 427 419 387 385 386 377 371 381 376 370
Other Noncurrent Operating Liabilities		 8,195 7,948 9,115 9,113 8,854 8,846 8,857 8,909 8,795 8,719 8,811
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 10,014 10,880 10,604 11,191 11,601 12,413 12,512 12,894 8,908 9,277 7,039
Total Preferred & Common Equity		 10,042 10,905 10,626 11,209 11,615 12,418 12,518 12,900 8,913 9,282 7,042
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 10,042 10,905 10,626 11,209 11,615 12,418 12,518 12,900 8,913 9,282 7,042
Common Stock		 5,723 5,744 5,758 5,789 5,840 5,902 5,905 5,956 5,077 5,092 5,789
Retained Earnings		 25,601 26,375 25,984 26,421 26,946 27,683 27,917 28,299 29,381 29,754 28,205
Treasury Stock		 -20,650 -20,670 -20,676 -20,680 -20,682 -20,748 -20,764 -20,766 -24,926 -24,949 -26,339
Accumulated Other Comprehensive Income / (Loss)		 -632 -544 -440 -321 -489 -419 -540 -589 -619 -615 -613
Noncontrolling Interest		 -28 -25 -22 -18 -14 -5.00 -6.00 -6.00 -5.00 -5.00 -3.00

Annual Metrics And Ratios for Kroger

This table displays calculated financial ratios and metrics derived from Kroger's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/30/2016 1/28/2017 2/3/2018 2/2/2019 2/1/2020 1/30/2021 1/29/2022 1/28/2023 2/3/2024 2/3/2024 2/1/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.26% 5.01% 6.89% -1.16% 0.36% 8.35% 4.07% 7.52% 1.20% 0.00% 0.00%
EBITDA Growth		 11.41% 1.96% -21.73% 56.23% -19.07% 8.15% 11.16% 12.69% -11.21% 0.00% 13.10%
EBIT Growth		 13.99% -3.92% -39.32% 120.53% -47.22% 15.74% 22.57% 20.97% -24.95% 0.00% 25.66%
NOPAT Growth		 14.47% -2.11% 43.42% -39.17% -15.06% 24.26% 32.29% 13.22% -25.95% 0.00% 29.96%
Net Income Growth		 17.29% -4.49% -3.47% 62.94% -50.88% 71.16% -35.63% 34.99% -3.56% 0.00% 0.00%
EPS Growth		 19.77% -0.49% 1.95% 79.90% -45.74% 60.29% -33.64% 41.01% -3.27% 0.00% 0.00%
Operating Cash Flow Growth		 16.65% -13.12% -20.11% 22.00% 12.01% 46.12% -9.17% -27.33% 50.91% 0.00% 0.00%
Free Cash Flow Firm Growth		 -66.36% -15.93% 338.51% -34.37% 52.39% 56.38% 0.62% -42.70% 56.25% 0.00% 0.00%
Invested Capital Growth		 10.91% 10.03% 6.53% 3.29% -1.20% -4.38% -1.43% 6.70% -1.94% 0.00% 1.29%
Revenue Q/Q Growth		 0.88% 1.27% 3.39% -2.69% 0.50% 1.41% 1.70% 1.21% 1.52% 0.00% 0.00%
EBITDA Q/Q Growth		 1.02% -0.10% -15.95% 6.48% 13.66% -19.77% 63.11% -8.21% 6.26% 0.00% 0.00%
EBIT Q/Q Growth		 0.45% -2.00% -28.99% 9.89% -1.10% -35.43% 354.22% -15.24% 13.51% 0.00% 0.00%
NOPAT Q/Q Growth		 1.95% -1.91% 70.82% -29.55% 7.95% -20.30% 44.07% -5.17% 16.47% 0.00% 0.00%
Net Income Q/Q Growth		 2.09% -3.17% 22.82% -16.34% 4.71% -13.24% 63.17% -4.99% 15.31% 0.00% 0.00%
EPS Q/Q Growth		 -0.48% -5.09% 18.75% -12.96% 0.99% -12.80% 60.74% -4.08% 15.63% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 5.15% -5.65% -11.81% 1.76% 4.13% 4.64% 8.43% -5.05% 12.61% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 -68.43% 191.11% 18.51% 13.64% 7.55% -0.40% 29.25% -12.68% 36.83% 0.00% 0.00%
Invested Capital Q/Q Growth		 7.95% 1.86% 7.08% 1.97% 1.94% -0.51% 0.23% 0.60% -1.28% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 22.16% 22.40% 22.28% 21.95% 22.07% 23.32% 22.01% 21.43% 22.24% 22.24% 22.70%
EBITDA Margin		 5.16% 5.01% 3.67% 5.80% 4.67% 4.67% 4.98% 5.22% 4.58% 4.58% 5.29%
Operating Margin		 3.26% 2.99% 2.12% 2.15% 1.84% 2.10% 2.52% 2.78% 2.06% 2.06% 2.62%
EBIT Margin		 3.26% 2.98% 1.69% 3.77% 1.98% 2.12% 2.50% 2.81% 2.08% 2.08% 2.67%
Profit (Net Income) Margin		 1.87% 1.70% 1.53% 2.53% 1.24% 1.95% 1.21% 1.52% 1.45% 1.45% 1.82%
Tax Burden Percent		 66.23% 67.16% 127.29% 77.38% 76.33% 76.80% 81.23% 77.50% 76.48% 76.48% 79.95%
Interest Burden Percent		 86.52% 84.81% 71.18% 86.52% 81.62% 119.97% 59.57% 69.68% 90.72% 90.72% 85.08%
Effective Tax Rate		 33.78% 32.84% -27.29% 22.62% 23.67% 23.20% 18.77% 22.50% 23.52% 23.52% 20.05%
Return on Invested Capital (ROIC)		 13.39% 11.87% 15.73% 9.13% 7.68% 9.81% 13.37% 14.75% 10.69% 10.79% 13.93%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.63% 9.04% 5.71% 16.26% 6.22% 13.38% 3.41% 6.82% 8.93% 8.87% 10.60%
Return on Net Nonoperating Assets (RNNOA)		 20.09% 17.11% 12.02% 32.64% 10.75% 18.75% 4.19% 8.38% 9.38% 7.91% 17.84%
Return on Equity (ROE)		 33.48% 28.98% 27.75% 41.76% 18.43% 28.56% 17.56% 23.13% 20.07% 18.70% 31.78%
Cash Return on Invested Capital (CROIC)		 3.05% 2.32% 9.41% 5.89% 8.88% 14.29% 14.81% 8.27% 12.64% 0.00% 12.65%
Operating Return on Assets (OROA)		 11.11% 9.76% 5.66% 12.21% 5.82% 5.98% 7.04% 8.44% 6.24% 6.19% 7.47%
Return on Assets (ROA)		 6.36% 5.56% 5.13% 8.17% 3.63% 5.51% 3.41% 4.56% 4.33% 4.29% 5.08%
Return on Common Equity (ROCE)		 33.46% 29.00% 27.78% 41.98% 18.52% 28.65% 17.60% 23.20% 20.11% 18.72% 31.79%
Return on Equity Simple (ROE_SIMPLE)		 30.04% 29.22% 27.25% 39.03% 17.58% 27.03% 17.63% 22.40% 18.67% 18.67% 32.25%
Net Operating Profit after Tax (NOPAT)		 2,368 2,318 3,325 2,023 1,718 2,135 2,824 3,198 2,368 2,368 3,077
NOPAT Margin		 2.16% 2.01% 2.70% 1.66% 1.41% 1.61% 2.05% 2.16% 1.58% 1.58% 2.09%
Net Nonoperating Expense Percent (NNEP)		 2.76% 2.83% 10.02% -7.14% 1.45% -3.57% 9.96% 7.94% 1.75% 1.92% 3.34%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 11.75%
Cost of Revenue to Revenue		 77.84% 77.60% 77.72% 78.05% 77.93% 76.68% 77.99% 78.57% 77.76% 77.76% 77.30%
SG&A Expenses to Revenue		 16.34% 16.61% 17.45% 17.06% 17.34% 18.49% 16.83% 16.09% 17.50% 17.50% 17.29%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 18.90% 19.41% 20.16% 19.81% 20.23% 21.22% 19.49% 18.65% 20.17% 20.17% 20.09%
Earnings before Interest and Taxes (EBIT)		 3,576 3,436 2,085 4,598 2,427 2,809 3,443 4,165 3,126 3,126 3,928
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5,665 5,776 4,521 7,063 5,716 6,182 6,872 7,744 6,876 6,876 7,777
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.58 3.91 3.18 2.50 2.26 2.53 3.18 3.08 2.81 2.86 5.36
Price to Tangible Book Value (P/TBV)		 10.26 10.42 7.58 5.58 4.35 4.40 5.53 4.97 4.18 4.26 9.29
Price to Revenue (P/Rev)		 0.28 0.23 0.18 0.16 0.16 0.18 0.22 0.21 0.22 0.22 0.30
Price to Earnings (P/E)		 15.32 13.26 11.56 6.35 11.70 9.37 18.17 13.79 15.07 15.36 16.66
Dividend Yield		 1.23% 1.61% 1.96% 3.98% 2.47% 2.14% 1.91% 2.17% 2.43% 2.40% 1.99%
Earnings Yield		 6.53% 7.54% 8.65% 15.74% 8.54% 10.67% 5.50% 7.25% 6.64% 6.51% 6.00%
Enterprise Value to Invested Capital (EV/IC)		 2.31 1.95 1.71 1.53 1.49 1.69 1.98 1.93 1.96 1.99 2.62
Enterprise Value to Revenue (EV/Rev)		 0.39 0.35 0.30 0.28 0.27 0.27 0.30 0.29 0.29 0.29 0.40
Enterprise Value to EBITDA (EV/EBITDA)		 7.59 6.92 8.24 4.88 5.78 5.81 6.05 5.59 6.24 6.34 7.50
Enterprise Value to EBIT (EV/EBIT)		 12.03 11.63 17.87 7.50 13.62 12.79 12.08 10.39 13.74 13.94 14.85
Enterprise Value to NOPAT (EV/NOPAT)		 18.16 17.23 11.21 17.06 19.24 16.83 14.73 13.53 18.13 18.40 18.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.75 9.35 10.92 8.29 7.09 5.27 6.72 9.62 6.33 6.42 10.07
Enterprise Value to Free Cash Flow (EV/FCFF)		 79.77 88.13 18.74 26.45 16.63 11.55 13.30 24.14 15.33 0.00 20.87
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.78 2.10 2.26 1.94 1.64 1.40 1.42 1.34 1.05 1.05 2.16
Long-Term Debt to Equity		 1.43 1.76 1.74 1.54 1.41 1.31 1.36 1.21 1.04 1.04 2.13
Financial Leverage		 1.89 1.89 2.10 2.01 1.73 1.40 1.23 1.23 1.05 0.89 1.68
Leverage Ratio		 5.26 5.21 5.41 5.11 5.08 5.18 5.15 5.08 4.63 4.35 6.35
Compound Leverage Factor		 4.55 4.42 3.85 4.42 4.15 6.22 3.07 3.54 4.20 3.95 5.41
Debt to Total Capital		 63.99% 67.72% 69.30% 66.03% 62.15% 58.41% 58.63% 57.19% 51.31% 51.31% 68.38%
Short-Term Debt to Total Capital		 12.56% 10.83% 15.83% 13.69% 8.68% 3.97% 2.44% 5.60% 0.83% 0.83% 1.04%
Long-Term Debt to Total Capital		 51.43% 56.89% 53.48% 52.34% 53.47% 54.44% 56.20% 51.59% 50.48% 50.48% 67.34%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -0.12% 0.06% -0.12% -0.22% -0.13% -0.11% -0.10% -0.12% -0.06% -0.06% -0.02%
Common Equity to Total Capital		 36.13% 32.22% 30.81% 34.19% 37.98% 41.70% 41.47% 42.93% 48.75% 48.75% 31.64%
Debt to EBITDA		 2.13 2.44 3.45 2.16 2.46 2.17 1.94 1.73 1.78 1.78 2.30
Net Debt to EBITDA		 2.08 2.38 3.37 2.10 2.39 1.90 1.68 1.60 1.50 1.50 1.79
Long-Term Debt to EBITDA		 1.71 2.05 2.66 1.71 2.12 2.02 1.86 1.56 1.75 1.75 2.27
Debt to NOPAT		 5.10 6.07 4.69 7.53 8.19 6.28 4.73 4.18 5.16 5.16 5.82
Net Debt to NOPAT		 4.98 5.93 4.58 7.32 7.96 5.49 4.09 3.87 4.37 4.37 4.53
Long-Term Debt to NOPAT		 4.10 5.10 3.62 5.97 7.05 5.86 4.54 3.77 5.08 5.08 5.73
Altman Z-Score		 4.75 4.51 4.48 4.60 3.76 3.88 4.08 4.35 4.35 4.36 4.39
Noncontrolling Interest Sharing Ratio		 0.07% -0.07% -0.10% -0.52% -0.49% -0.30% -0.26% -0.26% -0.19% -0.12% -0.05%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.76 0.80 0.78 0.76 0.76 0.81 0.75 0.74 0.81 0.81 0.96
Quick Ratio		 0.16 0.15 0.14 0.14 0.15 0.23 0.22 0.19 0.25 0.25 0.39
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 539 453 1,988 1,305 1,988 3,109 3,128 1,793 2,801 0.00 2,794
Operating Cash Flow to CapEx		 148.82% 119.76% 127.78% 144.48% 163.36% 252.41% 251.52% 149.93% 178.49% 178.49% 159.18%
Free Cash Flow to Firm to Interest Expense		 1.12 0.87 3.31 2.10 3.30 5.71 5.48 3.35 6.35 0.00 0.00
Operating Cash Flow to Interest Expense		 10.20 8.18 5.68 6.72 7.73 12.53 10.84 8.41 15.39 15.39 0.00
Operating Cash Flow Less CapEx to Interest Expense		 3.35 1.35 1.23 2.07 3.00 7.56 6.53 2.80 6.77 6.77 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 3.41 3.28 3.35 3.24 2.93 2.82 2.82 3.00 3.00 2.97 2.80
Accounts Receivable Turnover		 73.22 68.19 75.03 75.54 74.23 76.00 76.41 73.00 68.67 70.24 67.03
Inventory Turnover		 14.42 14.06 14.63 14.22 13.68 14.36 15.53 16.24 15.91 16.42 16.16
Fixed Asset Turnover		 5.85 5.68 5.86 5.71 0.00 0.00 5.97 6.11 6.01 5.95 5.72
Accounts Payable Turnover		 15.86 15.50 16.41 15.96 15.36 15.60 15.59 13.47 11.35 11.24 11.23
Days Sales Outstanding (DSO)		 4.99 5.35 4.86 4.83 4.92 4.80 4.78 5.00 5.32 5.20 5.45
Days Inventory Outstanding (DIO)		 25.31 25.96 24.94 25.67 26.68 25.41 23.50 22.47 22.94 22.23 22.59
Days Payable Outstanding (DPO)		 23.01 23.54 22.24 22.87 23.76 23.40 23.41 27.10 32.16 32.48 32.49
Cash Conversion Cycle (CCC)		 7.28 7.77 7.57 7.64 7.83 6.81 4.86 0.37 -3.91 -5.05 -4.46
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 18,600 20,465 21,802 22,520 22,250 21,276 20,972 22,377 21,944 21,944 22,227
Invested Capital Turnover		 6.21 5.90 5.83 5.50 5.46 6.09 6.53 6.84 6.77 6.84 6.66
Increase / (Decrease) in Invested Capital		 1,829 1,865 1,337 718 -270 -974 -304 1,405 -433 0.00 283
Enterprise Value (EV)		 43,014 39,952 37,258 34,502 33,063 35,922 41,594 43,276 42,939 43,568 58,328
Market Capitalization		 31,234 26,185 22,042 19,753 19,415 24,222 30,074 30,941 32,610 33,239 44,386
Book Value per Share		 $7.00 $7.14 $7.86 $9.89 $10.74 $12.58 $12.86 $14.03 $16.14 $16.14 $11.45
Tangible Book Value per Share		 $3.12 $2.68 $3.30 $4.44 $5.57 $7.23 $7.39 $8.70 $10.84 $10.84 $6.60
Total Capital		 18,877 20,787 22,494 23,064 22,649 22,963 22,793 23,392 23,827 23,827 26,186
Total Debt		 12,079 14,077 15,589 15,229 14,076 13,413 13,364 13,378 12,226 12,226 17,905
Total Long-Term Debt		 9,709 11,825 12,029 12,072 12,111 12,502 12,809 12,068 12,028 12,028 17,633
Net Debt		 11,802 13,755 15,242 14,800 13,677 11,726 11,543 12,363 10,343 10,343 13,946
Capital Expenditures (CapEx)		 3,304 3,567 2,671 2,882 2,855 2,700 2,461 3,000 3,803 3,803 3,640
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -986 -590 133 -743 -1,787 -3,639 -5,415 -4,273 -4,795 -4,795 -4,354
Debt-free Net Working Capital (DFNWC)		 -709 -268 480 -314 -1,388 -1,952 -3,594 -3,258 -2,912 -2,912 -395
Net Working Capital (NWC)		 -3,079 -2,520 -3,080 -3,471 -3,353 -2,863 -4,149 -4,568 -3,110 -3,110 -667
Net Nonoperating Expense (NNE)		 319 361 1,436 -1,055 206 -453 1,158 949 199 199 405
Net Nonoperating Obligations (NNO)		 11,802 13,755 14,897 14,685 13,677 11,726 11,543 12,363 10,343 10,343 13,946
Total Depreciation and Amortization (D&A)		 2,089 2,340 2,436 2,465 3,289 3,373 3,429 3,579 3,750 3,750 3,849
Debt-free, Cash-free Net Working Capital to Revenue		 -0.90% -0.51% 0.11% -0.61% -1.46% -2.75% -3.93% -2.88% -3.20% -3.20% -2.96%
Debt-free Net Working Capital to Revenue		 -0.65% -0.23% 0.39% -0.26% -1.14% -1.47% -2.61% -2.20% -1.94% -1.94% -0.27%
Net Working Capital to Revenue		 -2.80% -2.18% -2.50% -2.85% -2.74% -2.16% -3.01% -3.08% -2.07% -2.07% -0.45%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $3.80 $2.05 $3.31 $2.20 $3.10 $2.99 $2.99 $3.70
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 810M 799M 773M 744M 718M 718M 718M 715M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $3.76 $2.04 $3.27 $2.17 $3.06 $2.96 $2.96 $3.67
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 818M 805M 781M 754M 727M 725M 725M 720M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 798.33M 777.89M 751.99M 723.31M 717.47M 721.69M 721.69M 660.89M
Normalized Net Operating Profit after Tax (NOPAT)		 2,368 2,318 1,828 2,023 1,718 2,135 2,824 3,198 2,368 2,368 3,077
Normalized NOPAT Margin		 2.16% 2.01% 1.48% 1.66% 1.41% 1.61% 2.05% 2.16% 1.58% 1.58% 2.09%
Pre Tax Income Margin		 2.82% 2.53% 1.20% 3.26% 1.62% 2.54% 1.49% 1.96% 1.89% 1.89% 2.27%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.42 6.58 3.47 7.42 4.02 5.16 6.03 7.79 7.09 7.09 0.00
NOPAT to Interest Expense		 4.91 4.44 5.53 3.26 2.85 3.92 4.95 5.98 5.37 5.37 0.00
EBIT Less CapEx to Interest Expense		 0.56 -0.25 -0.98 2.77 -0.71 0.20 1.72 2.18 -1.54 -1.54 0.00
NOPAT Less CapEx to Interest Expense		 -1.94 -2.39 1.09 -1.39 -1.89 -1.04 0.64 0.37 -3.25 -3.25 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 20.06% 21.92% 23.45% 14.20% 32.14% 20.63% 35.35% 30.32% 36.70% 36.70% 33.05%
Augmented Payout Ratio		 54.37% 112.16% 109.90% 79.50% 62.90% 71.79% 134.21% 74.48% 39.56% 39.56% 188.59%

Quarterly Metrics And Ratios for Kroger

This table displays calculated financial ratios and metrics derived from Kroger's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 8/12/2023 11/4/2023 2/3/2024 5/25/2024 8/17/2024 11/9/2024 2/1/2025 5/24/2025 8/16/2025 11/8/2025 1/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 632,849,160.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 632,849,160.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.36
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -2.27% -0.70% 6.44% 0.23% 0.17% -0.95% -7.44% -0.33% 0.08% 0.67% 1.22%
EBITDA Growth		 -78.35% 5.78% 24.16% -6.14% 340.21% 1.52% -7.29% 3.15% 11.85% -134.66% 10.22%
EBIT Growth		 -148.81% 7.04% 44.98% -12.24% 273.67% -0.55% -14.12% 0.61% 23.82% -269.90% 23.37%
NOPAT Growth		 -145.18% 8.42% 57.86% -8.34% 284.38% -8.36% -16.55% 0.16% 10.30% -269.76% 22.14%
Net Income Growth		 -124.45% 61.75% 63.86% -0.62% 359.78% -4.64% -14.21% -9.21% 31.18% -313.13% 35.80%
EPS Growth		 -125.00% 60.00% 65.57% -2.27% 356.00% -4.55% -10.89% 0.00% 42.19% -340.48% 51.11%
Operating Cash Flow Growth		 13.51% -44.68% 65.52% -18.11% -25.40% 83.73% -26.88% -8.24% 37.17% 4.75% 88.96%
Free Cash Flow Firm Growth		 333.80% 204.11% 270.61% 17.83% -93.20% 2.83% -63.34% -73.33% -427.48% -104.77% 498.55%
Invested Capital Growth		 -3.85% -0.06% -1.94% -1.20% 2.78% -0.41% 1.29% 3.24% 3.68% -4.72% -9.26%
Revenue Q/Q Growth		 -25.05% 0.31% 9.15% 22.14% -25.09% -0.82% 2.00% 0.00% -24.78% -0.24% 2.56%
EBITDA Q/Q Growth		 -85.21% 357.73% 16.71% 18.36% -30.65% 5.56% 5.82% 0.00% -30.58% -135.21% 436.48%
EBIT Q/Q Growth		 -131.85% 293.63% 30.47% 8.26% -36.98% 10.88% 11.36% 0.00% -34.72% -278.56% 180.86%
NOPAT Q/Q Growth		 -129.59% 306.79% 36.13% 10.04% -40.48% 2.78% 23.97% 0.00% -34.45% -258.19% 189.20%
Net Income Q/Q Growth		 -118.61% 461.45% 14.22% 29.36% -51.36% 32.69% 2.76% 0.00% -29.72% -315.57% 165.48%
EPS Q/Q Growth		 -118.94% 452.00% 14.77% 27.72% -50.39% 31.25% 7.14% 0.00% -29.46% -321.98% 167.33%
Operating Cash Flow Q/Q Growth		 -47.41% -66.49% 280.95% 21.98% -52.09% -17.47% 51.62% 0.00% -28.39% -36.97% 173.51%
Free Cash Flow Firm Q/Q Growth		 -54.30% 40.44% 94.65% -5.68% -97.36% 2,025.09% -30.61% 0.00% -132.37% 69.04% 8,806.51%
Invested Capital Q/Q Growth		 -3.26% 5.98% -1.28% -2.38% 0.64% 2.68% 0.41% 0.00% 1.08% -5.64% -4.39%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 21.79% 22.03% 22.72% 22.41% 22.56% 22.85% 23.09% 23.42% 23.01% 23.34% 23.39%
EBITDA Margin		 1.15% 5.23% 5.61% 5.44% 5.04% 5.36% 5.56% 5.67% 5.23% -1.85% 6.06%
Operating Margin		 -1.41% 2.69% 3.22% 2.86% 2.40% 2.46% 2.66% 2.93% 2.54% -4.55% 3.59%
EBIT Margin		 -1.39% 2.69% 3.23% 2.87% 2.41% 2.70% 2.94% 2.93% 2.54% -4.55% 3.59%
Profit (Net Income) Margin		 -0.53% 1.91% 1.99% 2.11% 1.37% 1.83% 1.85% 1.92% 1.80% -3.88% 2.48%
Tax Burden Percent		 90.86% 76.03% 79.12% 80.27% 75.86% 76.74% 86.38% 78.69% 79.02% 73.46% 77.22%
Interest Burden Percent		 41.83% 93.31% 77.90% 91.76% 74.94% 88.64% 72.67% 83.43% 89.46% 116.16% 89.49%
Effective Tax Rate		 0.00% 23.97% 20.88% 19.73% 24.14% 23.26% 13.62% 21.31% 20.98% 0.00% 22.78%
Return on Invested Capital (ROIC)		 -6.85% 13.57% 17.24% 15.99% 12.88% 12.76% 15.30% 0.00% 0.00% 0.00% 19.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 -5.47% 13.18% 15.44% 15.15% 11.30% 12.58% 14.03% 0.00% 0.00% 0.00% 18.58%
Return on Net Nonoperating Assets (RNNOA)		 -6.09% 14.57% 16.22% 12.88% 9.49% 10.60% 17.14% 0.00% 0.00% 0.00% 36.83%
Return on Equity (ROE)		 -12.94% 28.14% 33.46% 28.87% 22.37% 23.36% 32.43% 0.00% 0.00% 0.00% 56.13%
Cash Return on Invested Capital (CROIC)		 13.15% 9.21% 12.64% 11.75% 12.75% 15.01% 12.65% -3.19% -3.62% 4.83% 17.32%
Operating Return on Assets (OROA)		 -4.16% 7.86% 9.69% 8.46% 7.13% 7.13% 8.40% 0.00% 0.00% 0.00% 10.33%
Return on Assets (ROA)		 -1.58% 5.58% 5.98% 6.23% 4.05% 4.85% 5.27% 0.00% 0.00% 0.00% 7.14%
Return on Common Equity (ROCE)		 -12.97% 28.20% 33.53% 28.91% 22.39% 23.38% 32.46% 0.00% 0.00% 0.00% 56.11%
Return on Equity Simple (ROE_SIMPLE)		 15.38% 16.78% 0.00% 17.42% 22.42% 21.53% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -335 693 944 1,039 618 635 788 1,040 682 -1,079 962
NOPAT Margin		 -0.99% 2.04% 2.55% 2.29% 1.82% 1.89% 2.30% 2.31% 2.01% -3.19% 2.77%
Net Nonoperating Expense Percent (NNEP)		 -1.39% 0.40% 1.81% 0.83% 1.58% 0.18% 1.27% 1.55% 0.65% 2.03% 0.72%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.89% - - - 1.79% 3.01% 3.87% 2.50% -4.31% 4.09%
Cost of Revenue to Revenue		 78.21% 77.97% 77.28% 77.59% 77.44% 77.15% 76.91% 76.58% 76.99% 76.66% 76.61%
SG&A Expenses to Revenue		 20.49% 16.63% 16.94% 16.80% 17.36% 17.54% 17.61% 17.56% 17.58% 25.01% 17.14%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 23.21% 19.34% 19.50% 19.55% 20.16% 20.39% 20.43% 20.49% 20.47% 27.89% 19.80%
Earnings before Interest and Taxes (EBIT)		 -471 912 1,199 1,298 818 907 1,010 1,322 863 -1,541 1,246
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 388 1,776 2,081 2,463 1,708 1,803 1,908 2,557 1,775 -625 2,103
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.21 2.83 2.81 3.06 3.07 3.34 5.28 5.09 4.96 6.08 6.68
Price to Tangible Book Value (P/TBV)		 5.00 4.28 4.18 4.28 4.28 4.61 9.15 8.39 8.02 12.20 15.68
Price to Revenue (P/Rev)		 0.23 0.21 0.22 0.25 0.26 0.29 0.30 0.00 0.00 0.00 0.27
Price to Earnings (P/E)		 20.91 16.86 15.07 17.69 13.74 15.58 16.40 0.00 0.00 0.00 38.95
Dividend Yield		 2.19% 2.43% 2.43% 2.20% 2.24% 2.00% 2.02% 1.87% 1.88% 2.03% 2.14%
Earnings Yield		 4.78% 5.93% 6.64% 5.65% 7.28% 6.42% 6.10% 0.00% 0.00% 0.00% 2.57%
Enterprise Value to Invested Capital (EV/IC)		 2.12 1.92 1.96 2.21 2.22 2.36 2.59 2.65 2.65 2.69 2.67
Enterprise Value to Revenue (EV/Rev)		 0.30 0.29 0.29 0.32 0.32 0.35 0.39 0.00 0.00 0.00 0.36
Enterprise Value to EBITDA (EV/EBITDA)		 6.98 6.61 6.24 7.06 5.95 6.49 7.41 0.00 0.00 0.00 9.26
Enterprise Value to EBIT (EV/EBIT)		 16.54 15.54 13.74 16.09 11.30 12.38 14.68 0.00 0.00 0.00 28.47
Enterprise Value to NOPAT (EV/NOPAT)		 22.52 21.00 18.13 20.85 14.51 16.17 18.74 0.00 0.00 0.00 33.37
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.91 7.08 6.33 7.56 8.12 8.30 9.95 0.00 0.00 0.00 7.36
Enterprise Value to Free Cash Flow (EV/FCFF)		 15.80 20.86 15.33 18.71 17.64 15.72 20.63 0.00 0.00 54.44 14.66
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.21 1.14 1.05 0.98 0.98 1.75 2.16 2.01 1.94 2.56 2.96
Long-Term Debt to Equity		 1.14 1.08 1.04 0.97 0.96 1.74 2.13 1.92 1.85 2.28 2.66
Financial Leverage		 1.11 1.11 1.05 0.85 0.84 0.84 1.22 1.04 1.02 1.17 1.98
Leverage Ratio		 4.89 4.78 4.63 4.37 4.40 4.71 5.19 4.92 4.82 5.71 7.21
Compound Leverage Factor		 2.04 4.46 3.61 4.01 3.30 4.18 3.77 4.10 4.31 6.64 6.46
Debt to Total Capital		 54.67% 53.28% 51.31% 49.61% 49.43% 63.67% 68.38% 66.83% 65.94% 71.90% 74.74%
Short-Term Debt to Total Capital		 3.06% 3.02% 0.83% 0.80% 0.79% 0.53% 1.04% 3.01% 3.04% 7.70% 7.67%
Long-Term Debt to Total Capital		 51.61% 50.26% 50.48% 48.80% 48.64% 63.15% 67.34% 63.82% 62.90% 64.20% 67.08%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -0.09% -0.08% -0.06% -0.02% -0.02% -0.02% -0.02% -0.02% -0.02% -0.01% 0.04%
Common Equity to Total Capital		 45.42% 46.79% 48.75% 50.41% 50.59% 36.34% 31.64% 33.19% 34.08% 28.11% 25.22%
Debt to EBITDA		 2.01 1.97 1.78 1.82 1.52 2.80 2.30 0.00 0.00 0.00 3.02
Net Debt to EBITDA		 1.63 1.71 1.50 1.40 1.18 1.15 1.79 0.00 0.00 0.00 2.45
Long-Term Debt to EBITDA		 1.90 1.86 1.75 1.79 1.50 2.78 2.27 0.00 0.00 0.00 2.71
Debt to NOPAT		 6.48 6.28 5.16 5.38 3.71 6.98 5.82 0.00 0.00 0.00 10.89
Net Debt to NOPAT		 5.25 5.43 4.37 4.12 2.87 2.85 4.53 0.00 0.00 0.00 8.82
Long-Term Debt to NOPAT		 6.12 5.92 5.08 5.29 3.65 6.92 5.73 0.00 0.00 0.00 9.77
Altman Z-Score		 4.07 4.08 4.23 4.28 4.28 3.77 4.20 1.45 1.43 1.20 4.30
Noncontrolling Interest Sharing Ratio		 -0.20% -0.21% -0.19% -0.13% -0.12% -0.10% -0.09% -0.05% -0.05% -0.05% 0.04%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.78 0.80 0.81 0.86 0.87 1.54 0.96 0.95 0.95 0.88 0.80
Quick Ratio		 0.26 0.22 0.25 0.29 0.31 0.96 0.39 0.41 0.42 0.35 0.31
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 504 707 1,377 1,299 34 727 505 346 -112 -35 3,021
Operating Cash Flow to CapEx		 162.95% 53.16% 193.94% 234.20% 128.97% 97.17% 171.85% 208.24% 171.00% 105.09% 287.12%
Free Cash Flow to Firm to Interest Expense		 5.42 0.00 13.63 10.56 0.41 0.00 0.00 346.34 -37.37 -17.35 755.29
Operating Cash Flow to Interest Expense		 16.17 0.00 19.01 19.04 13.36 0.00 0.00 2,149.00 513.00 485.00 663.25
Operating Cash Flow Less CapEx to Interest Expense		 6.25 0.00 9.21 10.91 3.00 0.00 0.00 1,117.00 213.00 23.50 432.25
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.99 2.93 3.00 2.95 2.96 2.64 2.85 0.00 0.00 0.00 2.88
Accounts Receivable Turnover		 80.26 74.70 68.67 80.42 75.69 72.56 67.94 0.00 0.00 0.00 67.31
Inventory Turnover		 16.36 13.89 15.91 17.01 17.30 14.95 16.08 0.00 0.00 0.00 16.26
Fixed Asset Turnover		 6.04 6.04 6.01 5.95 5.94 5.93 5.78 0.00 0.00 0.00 5.91
Accounts Payable Turnover		 15.38 14.09 11.35 12.88 12.99 12.42 11.09 0.00 0.00 0.00 10.99
Days Sales Outstanding (DSO)		 4.55 4.89 5.32 4.54 4.82 5.03 5.37 0.00 0.00 0.00 5.42
Days Inventory Outstanding (DIO)		 22.31 26.28 22.94 21.46 21.10 24.42 22.70 0.00 0.00 0.00 22.45
Days Payable Outstanding (DPO)		 23.73 25.91 32.16 28.35 28.10 29.38 32.91 0.00 0.00 0.00 33.22
Cash Conversion Cycle (CCC)		 3.13 5.25 -3.91 -2.35 -2.18 0.07 -4.84 0.00 0.00 0.00 -5.35
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 20,975 22,229 21,944 21,421 21,559 22,137 22,227 22,115 22,353 21,093 20,168
Invested Capital Turnover		 6.92 6.65 6.77 6.97 7.06 6.76 6.66 0.00 0.00 0.00 6.97
Increase / (Decrease) in Invested Capital		 -839 -14 -433 -260 584 -92 283 694 794 -1,044 -2,059
Enterprise Value (EV)		 44,456 42,698 42,939 47,378 47,830 52,346 57,657 58,533 59,147 56,837 53,817
Market Capitalization		 34,107 31,678 32,610 38,010 38,392 43,109 43,715 45,331 46,076 42,786 39,576
Book Value per Share		 $14.80 $15.58 $16.14 $17.21 $17.34 $17.83 $11.45 $13.49 $14.04 $10.63 $9.37
Tangible Book Value per Share		 $9.51 $10.29 $10.84 $12.31 $12.44 $12.94 $6.60 $8.18 $8.68 $5.29 $3.99
Total Capital		 23,395 23,954 23,827 24,632 24,742 35,495 26,186 26,853 27,236 25,049 23,502
Total Debt		 12,791 12,763 12,226 12,219 12,230 22,601 17,905 17,945 17,959 18,010 17,566
Total Long-Term Debt		 12,075 12,039 12,028 12,021 12,034 22,414 17,633 17,138 17,132 16,081 15,764
Net Debt		 10,371 11,038 10,343 9,373 9,444 9,243 13,946 13,207 13,076 14,054 14,232
Capital Expenditures (CapEx)		 923 948 990 1,000 870 953 817 1,032 900 923 924
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -5,390 -4,347 -4,795 -4,863 -4,659 -4,420 -4,354 -4,791 -4,950 -4,255 -5,135
Debt-free Net Working Capital (DFNWC)		 -2,970 -2,622 -2,912 -2,017 -1,873 8,938 -395 -53 -67 -299 -1,801
Net Working Capital (NWC)		 -3,686 -3,346 -3,110 -2,215 -2,069 8,751 -667 -860 -894 -2,228 -3,603
Net Nonoperating Expense (NNE)		 -156 46 205 83 153 18 154 172 72 236 101
Net Nonoperating Obligations (NNO)		 10,371 11,038 10,343 9,008 9,047 9,243 13,946 13,207 13,076 14,054 14,232
Total Depreciation and Amortization (D&A)		 859 864 882 1,165 890 896 898 1,235 912 916 857
Debt-free, Cash-free Net Working Capital to Revenue		 -3.64% -2.94% -3.20% -3.24% -3.10% -2.95% -2.96% 0.00% 0.00% 0.00% -3.48%
Debt-free Net Working Capital to Revenue		 -2.01% -1.77% -1.94% -1.34% -1.25% 5.96% -0.27% 0.00% 0.00% 0.00% -1.22%
Net Working Capital to Revenue		 -2.49% -2.26% -2.07% -1.48% -1.38% 5.84% -0.45% 0.00% 0.00% 0.00% -2.44%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.25) $0.89 $1.02 $1.30 $0.64 $0.85 $0.91 $1.30 $0.91 ($2.02) $1.36
Adjusted Weighted Average Basic Shares Outstanding		 719M 719M 718M 721M 723M 723M 715M 660M 662M 655M 652M
Adjusted Diluted Earnings per Share		 ($0.25) $0.88 $1.01 $1.29 $0.64 $0.84 $0.90 $1.29 $0.91 ($2.02) $1.36
Adjusted Weighted Average Diluted Shares Outstanding		 719M 725M 725M 727M 727M 728M 720M 664M 665M 655M 655M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 719.32M 719.42M 721.69M 721.79M 723.49M 723.61M 660.89M 661.16M 662.68M 632.85M 612.58M
Normalized Net Operating Profit after Tax (NOPAT)		 -335 693 944 1,039 618 635 788 1,040 682 -1,079 962
Normalized NOPAT Margin		 -0.99% 2.04% 2.55% 2.29% 1.82% 1.89% 2.30% 2.31% 2.01% -3.19% 2.77%
Pre Tax Income Margin		 -0.58% 2.51% 2.52% 2.63% 1.81% 2.39% 2.14% 2.44% 2.27% -5.29% 3.21%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -5.06 0.00 11.87 10.55 9.74 0.00 0.00 1,322.00 287.67 -770.50 311.50
NOPAT to Interest Expense		 -3.61 0.00 9.35 8.44 7.36 0.00 0.00 1,040.34 227.30 -539.35 240.54
EBIT Less CapEx to Interest Expense		 -14.99 0.00 2.07 2.42 -0.62 0.00 0.00 290.00 -12.33 -1,232.00 80.50
NOPAT Less CapEx to Interest Expense		 -13.53 0.00 -0.46 0.31 -3.00 0.00 0.00 8.34 -72.70 -1,000.85 9.54
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 45.96% 41.15% 36.70% 37.82% 29.93% 31.00% 33.05% 0.00% 0.00% 0.00% 86.43%
Augmented Payout Ratio		 49.94% 44.44% 39.56% 44.11% 34.59% 35.79% 188.59% 0.00% 0.00% 0.00% 350.00%

Financials Breakdown Chart

Key Financial Trends

Kroger (KR) has shown a mix of cash-flow strength and earnings volatility over the last four years. Below are the most notable trends drawn from quarterly cash flow, income statement, and balance sheet data (2022 through 2025). Positive items come first, followed by neutral observations, then negatives.

  • Operating cash flow from continuing activities has remained positive in every year shown, underscoring consistent cash generation from core operations. For example, 2025 Q2 CFO from continuing operations was about $1.54B and 2025 Q3 was about $970M.
  • Free cash flow has generally stayed positive across the period (CFO minus capex). Examples: roughly $615M in 2025 Q2, about $1.11B in 2025 Q1, around $516M in 2024 Q4, and about $29M in 2025 Q3, illustrating ongoing cash-generation after capital investments.
  • Debt levels improved notably in 2025, with Long-Term Debt down to about $16.08B in Q3 2025 from roughly $22.42B at 2024 Q3, improving leverage dynamics.
  • Liquidity improved to roughly $3.96B in cash and equivalents by 2025 Q3, versus roughly $3.27B in 2024 Q3, supporting near-term liquidity needs.
  • Revenue and margins showed a slight positive trend in 2025 Q3, with total revenue of about $33.86B (vs. about $33.63B in 2024 Q3) and gross margin improving to about 23.3% (roughly 7.90B gross profit on 33.86B revenue, up from ~22.9% in 2024).
  • Inventories remained elevated at about $7.714B in 2025 Q3, highlighting working-capital considerations and potential turnover implications.
  • Accounts payable and other current liabilities stayed high and relatively steady (e.g., accounts payable around $10.55B in 2025 Q3), indicating ongoing supplier terms and working-capital dynamics.
  • Significant share repurchases are evident, with cumulative treasury stock running around $26B by 2025 Q3, signaling a strong capital-return stance that reduces equity and may boost per-share metrics.
  • Net income from continuing operations swung negative in 2025 Q3 to about -$1.315B, reflecting earnings volatility and potential one-time or structural margin pressures.
  • Operating income for 2025 Q3 was negative at about -$1.541B, signaling meaningful near-term margin pressure despite topline strength.
05/11/26 02:28 PM ETAI Generated. May Contain Errors.

Kroger Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kroger's financial year ends in January. Their financial year 2026 ended on January 31, 2026.

In the past 10 years, Kroger's net income has ranged from $1.02 billion in 2025 to $3.08 billion in 2018, and is currently $1.02 billion as of their latest financial filing in 2025. See where experts think Kroger is headed by visiting Kroger's forecast page.

Kroger's total operating income in 2025 was $1.89 billion, based on the following breakdown:
  • Total Gross Profit: $34.40 billion
  • Total Operating Expenses: $32.51 billion

Over the last 10 years, Kroger's total revenue changed from $109.83 billion in 2015 to $147.64 billion in 2025, a change of 34.4%.

Kroger's total liabilities were at $44.02 billion at the end of 2025, a 0.7% decrease from 2024, and a 62.4% increase since 2015.

In the past 10 years, Kroger's cash and equivalents has ranged from $277 million in 2015 to $3.96 billion in 2024, and is currently $3.33 billion as of their latest financial filing in 2025.

Over the last 10 years, Kroger's book value per share changed from 7.00 in 2015 to 11.45 in 2025, a change of 63.6%.


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Financial statements for NYSE:KR last updated on 4/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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