The Kroger Co. (KR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.2	$1.28	+6.7%	—	$34.7B	—
Q3 26	$1.03	$1.05	+1.9%	—	$33.9B	—
Q2 26	$1	$1.04	+4.0%	—	$33.9B	—
Q1 26	$1.46	$1.49	+2.1%	—	—	—
Q4 25	$1.11	$1.14	+2.7%	—	—	—
Q3 25	$0.98	$0.98	0.0%	—	—	—
Q2 25	$0.91	$0.93	+2.2%	—	—	—
Q1 25	$1.37	$1.43	+4.4%	—	—	—
Q4 24	$1.13	$1.34	+18.6%	—	$37.1B	—
Q3 24	$0.92	$0.95	+3.3%	—	$34B	—
Q2 24	$0.91	$0.96	+5.5%	—	$33.9B	—
Q1 24	$1.45	$1.51	+4.1%	—	—	—
Q4 23	$0.9	$0.99	+10.0%	—	$34.8B	—
Q3 23	$0.82	$0.88	+7.3%	—	$34.2B	—
Q2 23	$0.83	$0.9	+8.4%	—	$34.6B	—
Q1 23	$1.28	$1.45	+13.3%	—	$44.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$1.55	—	—	$147.6B	—
FY25	—	$3.7	—	—	$147.1B	—
FY24	—	$2.99	—	—	$150B	—
FY23	—	$3.1	—	—	$148.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$115.3B	$123.3B	$121.9B	$122.3B	$132.5B	$137.9B	$148.3B	$150B	$147.1B	$147.6B
YoY change	+5.01%	+6.89%	-1.16%	+0.36%	+8.35%	+4.07%	+7.52%	+1.2%	-1.94%	+0.35%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	115.3B	123.3B	121.9B	122.3B	132.5B	137.9B	148.3B	150B	147.1B	147.6B
Cost of revenue	89.5B	95.8B	95.1B	95.3B	101.6B	107.5B	116.5B	116.7B	113.7B	113.2B
Gross profit	25.8B	27.5B	26.7B	27B	30.9B	30.3B	31.8B	33.4B	33.4B	34.4B
Gross margin	22.4%	22.3%	22%	22.1%	23.3%	22%	21.4%	22.2%	22.7%	23.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	881M	911M	884M	884M	874M	845M	839M	891M	877M	872M
Operating expenses	20B	22.4B	21.7B	22.1B	25.4B	24B	24.7B	27.1B	26.3B	29.2B
Operating income	3.5B	2.6B	2.6B	2.3B	2.8B	3.5B	4.1B	3.1B	3.8B	1.9B
Operating margin	2.99%	2.12%	2.15%	1.84%	2.1%	2.52%	2.78%	2.06%	2.62%	1.28%
Non-operating income, net	-16M	-527M	2B	333M	1.1B	-855M	-689M	181M	-57M	-51M
Pretax income	2.9B	1.5B	4B	2B	3.4B	2.1B	2.9B	2.8B	3.3B	1.2B
Income tax	957M	-405M	900M	469M	782M	385M	653M	667M	670M	176M
Net income	2B	1.9B	3.1B	1.5B	2.6B	1.7B	2.2B	2.2B	2.7B	1B
Net margin	1.7%	1.53%	2.53%	1.24%	1.95%	1.21%	1.52%	1.45%	1.82%	0.69%
EBITDA	5.8B	4.5B	5.1B	5.5B	6.2B	6.9B	7.7B	6.9B	7.7B	5.8B
EPS	2.08	2.11	3.8	2.05	3.31	2.2	3.1	2.99	3.7	1.55
Diluted EPS	2.05	2.09	3.76	2.04	3.27	2.17	3.06	2.96	3.67	1.54

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	44.6B	34.6B	34.2B	34.8B	45.2B	33.9B	34B	37.1B	33.9B	33.9B	34.7B	46.1B
Cost of revenue	35B	27.4B	26.9B	27.2B	35.1B	26.5B	26.5B	28.6B	26.1B	26B	26.6B	35.5B
Gross profit	9.6B	7.2B	7.3B	7.6B	10.1B	7.4B	7.5B	8.4B	7.8B	7.9B	8.1B	10.6B
Gross margin	21.6%	20.9%	21.4%	21.8%	22.3%	21.8%	22%	22.7%	23%	23.3%	23.4%	23%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	256M	191M	195M	197M	265M	206M	201M	220M	202M	194M	205M	269M
Operating expenses	7.3B	5.6B	5.8B	6B	7.7B	7.1B	5.8B	6.5B	6.2B	8.7B	6.2B	8.2B
Operating income	1.5B	954M	841M	826M	1.5B	-479M	912M	1.2B	863M	-1.5B	1.2B	1.4B
Operating margin	3.37%	2.75%	2.46%	2.37%	3.25%	-1.41%	2.69%	3.22%	2.54%	-4.55%	3.59%	3.05%
Non-operating income, net	-516M	114M	-196M	-90M	-69M	375M	33M	-160M	53M	-103M	19M	-21M
Pretax income	812M	941M	526M	623M	1.2B	-197M	851M	934M	772M	-1.8B	1.1B	1.2B
Income tax	146M	209M	126M	172M	286M	-18M	204M	195M	162M	-475M	255M	273M
Net income	666M	732M	400M	451M	962M	-179M	647M	739M	610M	-1.3B	861M	904M
Net margin	1.49%	2.11%	1.17%	1.3%	2.13%	-0.53%	1.91%	1.99%	1.8%	-3.88%	2.48%	1.96%
EBITDA	2.6B	1.8B	1.7B	1.7B	2.6B	388M	1.8B	2.1B	1.8B	-627M	2.1B	2.6B
EPS	0.91	1.01	0.55	0.62	1.33	-0.25	0.89	1.01	0.91	-2.02	1.36	1.46
Diluted EPS	0.9	1	0.55	0.62	1.32	-0.25	0.88	1.01	0.91	-2.02	1.35	1.46

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	32B	27.2B	22.9B	21.5B	26.7B	32.4B	32B	33.1B	44.1B	41B	35.3B
Enterprise value	44.8B	41.3B	36.6B	41.1B	44.5B	50B	50.3B	49.3B	63.9B	61.1B	57.2B
Shares outstanding	942M	895M	810M	799M	773M	744M	718M	718M	715M	652M	652M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	16.3	14.4	7.46	14.2	10.3	19.5	14.2	15.3	16.5	40	32.3
P/S	0.28	0.22	0.19	0.18	0.2	0.24	0.22	0.22	0.3	0.28	0.24
P/B	4.77	3.94	2.93	2.5	2.79	3.44	3.2	2.86	5.32	6.9	6.1
EV/EBITDA	7.76	9.12	7.24	7.41	7.19	7.27	6.5	7.17	8.29	10.5	7.11
EV/Sales	0.39	0.33	0.3	0.34	0.34	0.36	0.34	0.33	0.43	0.41	0.38
Earnings yield	6.12%	6.95%	13.4%	7.05%	9.7%	5.14%	7.02%	6.55%	6.06%	2.5%	3.09%
FCF yield	1.79%	2.22%	5.22%	7.16%	14.8%	11%	4.43%	8.71%	4.03%	8.43%	7.19%
PEG	—	—	—	—	—	—	—	—	—	—	0.73

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	22.4%	22.3%	22%	22.1%	23.3%	22%	21.4%	22.2%	22.7%	23.3%	23%
Operating margin	2.99%	2.12%	2.15%	1.84%	2.1%	2.52%	2.78%	2.06%	2.62%	1.28%	2.98%
Net margin	1.7%	1.53%	2.53%	1.24%	1.95%	1.21%	1.52%	1.45%	1.82%	0.69%	0.73%
ROE	29.2%	27.4%	39.3%	17.6%	27.1%	17.7%	22.5%	18.7%	32.3%	17.3%	14.4%
ROA	5.36%	5.08%	8.07%	3.34%	5.32%	3.39%	4.53%	4.29%	5.08%	2.05%	5.8%
ROIC	11.9%	12.4%	9.43%	6.1%	7.8%	10.5%	11.3%	8.53%	11%	6.19%	6.18%
Return on tangible assets	6.96%	6.48%	10.5%	4.09%	6.39%	4.06%	5.36%	5.06%	5.86%	2.37%	2.45%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	0.8	0.78	0.76	0.76	0.81	0.75	0.74	0.81	0.96	0.8	0.7
Quick ratio	0.29	0.32	0.28	0.27	0.35	0.33	0.3	0.36	0.52	0.42	0.39
Debt / equity	2.1	2.26	1.94	2.47	2.16	2.17	2.04	1.66	3.03	4.16	4.13
Debt / assets	0.39	0.42	0.4	0.47	0.42	0.42	0.41	0.38	0.48	0.49	0.48
Net debt / EBITDA	2.22	3.11	2.7	3.54	2.88	2.55	2.36	2.35	2.57	3.47	3.46
Interest coverage	6.58	3.47	7.42	4.29	7.19	4.59	6.42	7.43	8.43	2.88	2.97
Effective tax rate	32.8%	0%	22.6%	23.7%	23.2%	18.8%	22.5%	23.5%	20%	14.7%	16.9%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	122.4	137.7	150.4	153	171.4	185.3	206.5	209	205.8	226.4	238.3
EPS (basic)	2.08	2.11	3.8	2.05	3.31	2.2	3.1	2.99	3.7	1.55	1.55
EPS (diluted)	2.05	2.09	3.76	2.04	3.27	2.17	3.06	2.96	3.67	1.54	1.85
Book value per share	7.12	7.72	9.67	10.7	12.4	12.7	13.9	16.2	11.6	9.1	9.8
FCF per share	0.61	0.67	1.48	1.92	5.11	4.81	1.98	4.02	2.49	5.3	4.6
Cash per share	1.31	1.68	1.99	1.97	3.6	3.9	2.98	4.31	7.37	7.02	2.84
Capex per share	3.93	3.14	3.66	3.91	3.71	3.51	4.29	5.44	5.62	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	3.21%	2.28%	2.43%	2.56%	2.16%	1.9%	2.08%	2.6%	2.73%	—	—
Capex / operating cash flow	83%	95.7%	54.9%	72.5%	42.2%	50.4%	79.9%	54.4%	68.6%	—	—
Payout ratio	21.9%	23.5%	14.2%	32.1%	20.6%	35.4%	30.3%	36.7%	33%	86.4%	75.7%
Dividend yield	1.34%	1.63%	1.9%	2.26%	2%	1.82%	2.13%	2.4%	2%	2.16%	2.61%

Yield

2.61%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.39

ex-dividend Aug 14, 2026

Payout ratio

76%

of earnings

Dividend growth

19 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.39
May 15, 2026	$0.35
Feb 13, 2026	$0.35

Period	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$44.6B	$34.6B	$34.2B	$34.8B	$45.2B	$33.9B	$34B	$37.1B	$33.9B	$33.9B	$34.7B	$46.1B
YoY change	+8%	+9.33%	+7.34%	+5.37%	+1.27%	-2.27%	-0.7%	+6.44%	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	1.2B	1.5B	1.6B	1.6B	2.8B	2.9B	2.1B	3.1B	5.3B	4.6B
Receivables	1.6B	1.6B	1.6B	1.7B	1.8B	1.8B	2.2B	2.1B	2.2B	2.2B
Inventory	6.6B	6.5B	6.8B	7.1B	7.1B	6.8B	7.6B	7.1B	7B	6.9B
Total current assets	10.3B	11.1B	10.8B	10.9B	12.5B	12.2B	12.7B	12.9B	15.3B	14.5B
Property, plant & equipment	22.9B	22.6B	23.7B	31.2B	31B	16.5B	16.8B	16.8B	16.4B	14.2B
Goodwill & intangibles	8.4B	8.1B	8.7B	8.3B	8.1B	8B	7.6B	7.6B	7B	6.8B
Total assets	36.5B	37.2B	38.1B	45.3B	48.7B	49.1B	49.6B	50.5B	52.6B	50B
Accounts payable	5.8B	5.9B	6.1B	6.3B	6.7B	7.1B	10.2B	10.4B	10.1B	10.5B
Short-term debt	2.3B	3.6B	3.2B	2.6B	1.6B	1.2B	2B	868M	871M	2.5B
Total current liabilities	12.9B	14.2B	14.3B	14.2B	15.4B	16.3B	17.2B	16.1B	15.9B	18.1B
Long-term debt	11.8B	12B	12.1B	18.6B	19B	19.2B	18.4B	18.4B	24.2B	22.2B
Total liabilities	29.8B	30.3B	30.3B	36.7B	39.1B	39.7B	39.6B	38.9B	44.3B	44B
Shareholders' equity	6.7B	6.9B	7.8B	8.6B	9.6B	9.4B	10B	11.6B	8.3B	5.9B
Total debt	14.1B	15.6B	15.2B	21.2B	20.6B	20.4B	20.4B	19.2B	25.1B	24.7B
Net debt	13.8B	15.2B	14.8B	20.8B	18.9B	18.6B	19.4B	17.4B	21.1B	21.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	2.5B	2.2B	2.1B	2.1B	3.8B	3.6B	2.9B	3.1B	6B	5.1B	4.6B	4.1B
Receivables	1.9B	1.9B	2B	2.2B	1.8B	1.8B	1.9B	2.1B	2.2B	2.4B	2.2B	2.1B
Inventory	7.4B	7.3B	8.7B	7.6B	7B	6.8B	7.9B	7.1B	6.8B	7.7B	6.9B	7.3B
Total current assets	12.3B	11.9B	13.4B	12.7B	13.2B	12.9B	13.4B	12.9B	15.8B	16B	14.5B	14.2B
Property, plant & equipment	31B	30.9B	30.8B	16.8B	31.6B	31.6B	31.6B	16.8B	32.8B	30.9B	14.2B	31.5B
Goodwill & intangibles	8B	8B	8B	7.6B	7.6B	7.6B	7.6B	7.6B	7.1B	7.1B	6.8B	7B
Total assets	49.1B	48.7B	50B	49.6B	50.2B	50.2B	51B	50.5B	53.6B	51.4B	50B	50.3B
Accounts payable	7.6B	7.4B	8.2B	10.2B	7.4B	7.6B	8.1B	10.4B	10.2B	10.5B	10.5B	11.3B
Short-term debt	1.2B	1.4B	1.4B	2B	2B	1.4B	1.4B	868M	1.5B	2.6B	2.5B	1.9B
Total current liabilities	16.2B	16.6B	17.7B	17.2B	17.1B	16.5B	16.8B	16.1B	16.7B	18.2B	18.1B	18B
Long-term debt	19.5B	18.9B	18.8B	18.4B	18.5B	18.4B	18.4B	18.4B	23.7B	22.6B	22.2B	22.3B
Total liabilities	39.7B	39.1B	40.1B	39.6B	39.3B	39.6B	39.8B	38.9B	44.3B	44.4B	44B	43.8B
Shareholders' equity	9.4B	9.6B	9.9B	10B	10.9B	10.6B	11.2B	11.6B	9.3B	7B	5.9B	6.5B
Total debt	20.8B	20.4B	20.3B	20.4B	20.4B	19.8B	19.8B	19.2B	25.2B	25.2B	24.7B	24.2B
Net debt	19.4B	19.3B	19.3B	19.4B	17.8B	17.4B	18.1B	17.4B	20.3B	21.2B	21.4B	21.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	2B	1.9B	3.1B	1.5B	2.6B	1.7B	2.2B	2.2B	2.7B	1B
Depreciation & amortization	2.3B	2.4B	2.5B	3.3B	3.4B	3.4B	3.6B	3.8B	3.8B	3.9B
Stock-based compensation	141M	151M	154M	155M	185M	203M	190M	172M	175M	157M
Change in working capital	-201M	123M	-154M	-879M	418M	-340M	-2.9B	1B	-856M	-571M
Operating cash flow	4.5B	2.9B	5.4B	4.3B	6.8B	5.2B	3.9B	7.2B	5.9B	7.3B
Capital expenditure	-3.7B	-2.8B	-3B	-3.1B	-2.9B	-2.6B	-3.1B	-3.9B	-4B	—
Investing cash flow	-3.9B	-2.7B	-1.2B	-2.6B	-2.8B	-2.6B	-3B	-3.8B	-3.2B	-59M
Dividends paid	-429M	-443M	-437M	-486M	-534M	-589M	-682M	-796M	-883M	-885M
Share repurchases	-1.8B	-1.6B	-2B	-465M	-1.3B	-1.6B	-993M	-62M	-5.2B	-2.7B
Financing cash flow	-352M	-681M	-2.9B	-2.1B	-2.7B	-3.4B	-2.3B	-2.2B	-490M	-4B
Net change in cash	228M	-452M	1.3B	-382M	1.3B	-868M	-1.5B	1.3B	2.1B	3.2B
Free cash flow	573M	604M	1.2B	1.5B	4B	3.6B	1.4B	2.9B	1.8B	3.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q2 26	Q3 26	Q4 26	Q1 27
Net income	666M	731M	401M	451M	962M	-179M	647M	739M	610M	-1.3B	861M	904M
Depreciation & amortization	1.1B	827M	827M	849M	1.1B	859M	864M	882M	912M	916M	857M	1.2B
Stock-based compensation	57M	46M	42M	45M	49M	43M	32M	48M	45M	37M	37M	57M
Change in working capital	-675M	-666M	-1.1B	-579M	852M	1.4B	-991M	-223M	-458M	-823M	654M	-94M
Operating cash flow	1.2B	1.1B	319M	1.2B	3.2B	1.8B	640M	1.5B	1.5B	970M	2.7B	1.8B
Capital expenditure	-745M	-685M	-831M	-817M	-1B	-926M	-953M	-997M	—	—	—	—
Investing cash flow	-723M	-665M	-804M	-823M	-947M	-848M	-950M	-1B	-144M	33M	47M	38M
Dividends paid	-154M	-153M	-187M	-188M	-188M	-188M	-210M	-210M	-211M	-237M	-226M	-215M
Share repurchases	-665M	-310M	-10M	-8M	-29M	-18M	-7M	-8M	-22M	-738M	-1.8B	-213M
Financing cash flow	-818M	-940M	-293M	-238M	-296M	-868M	-249M	-772M	-326M	-1B	-2.4B	-980M
Net change in cash	-300M	-518M	-778M	103M	1.9B	113M	-559M	-293M	1.1B	-24M	324M	832M
Free cash flow	357M	640M	80M	343M	1.8B	578M	-449M	923M	615M	29M	1.7B	481M

Date	Ratio
Jul 14, 2015	2:1
Jun 29, 1999	2:1
Apr 23, 1997	2:1
Oct 1, 1986	2:1
May 29, 1979	2:1

The Kroger Co. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history