The Kroger Co.

KR · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$39,775	$44,603	$33,194	$32,248	$31,962	$25,366	$19,749	$20,639	$21,572	$31,296	$37,829	$33,926	$18,555	$14,871	$14,327	$13,530	$13,863	$14,670	$17,926	$18,490	$13,437	$12,689	$13,849	$11,763	$16,764	$20,262	$13,728	–	–	–	–	$2,743	–	$1,080	$1,777	$1,236	$1,000	$718	$2,060	$2,766	$2,079
Enterprise value	$59,886	$64,410	$49,329	$50,490	$49,476	$43,144	$39,320	$34,207	$35,627	$44,153	$48,686	$44,297	$28,517	$22,564	$21,503	$19,933	$20,915	$21,934	$25,805	$25,329	$19,971	$20,010	$21,475	$20,166	$25,433	$28,647	$22,460	–	–	–	–	$6,621	–	$5,529	$6,261	$5,835	$5,793	$5,387	$3,041	$3,445	$2,843
P/E (TTM) at period end	39.42×	16.86×	15.47×	14.50×	19.50×	9.92×	12.04×	6.71×	11.41×	15.98×	18.72×	19.83×	12.31×	10.01×	23.80×	12.12×	198.04×	11.75×	14.83×	16.58×	14.03×	–	48.59×	9.76×	16.07×	23.10×	22.40×	–	–	–	–	11.33×	–	–	17.64×	14.83×	–	20.82×	11.24×	53.71×	11.50×
P/S (TTM) at period end	0.27×	0.30×	0.22×	0.22×	0.23×	0.19×	0.16×	0.17×	0.17×	0.27×	0.34×	0.31×	0.19×	0.15×	0.16×	0.16×	0.18×	0.19×	0.25×	0.28×	0.22×	0.22×	0.26×	0.23×	0.33×	0.41×	0.30×	–	–	–	–	0.12×	–	0.05×	0.08×	0.06×	0.05×	0.04×	0.12×	0.16×	0.12×
P/B at period end	6.71×	5.38×	2.86×	3.21×	3.38×	2.65×	2.30×	2.62×	3.11×	4.67×	5.55×	6.27×	3.45×	3.53×	3.60×	2.55×	2.86×	2.82×	3.65×	3.76×	3.06×	3.58×	3.48×	3.06×	4.79×	6.56×	5.13×	–	–	–	–	–	–	–	–	–	–	–	2.04×	2.69×	1.75×
EV / EBITDA (TTM)	11.47×	9.08×	7.93×	7.12×	7.85×	7.81×	8.02×	6.73×	7.06×	7.62×	8.59×	8.71×	6.44×	5.11×	7.37×	5.27×	8.00×	5.63×	6.94×	7.22×	6.05×	9.53×	8.42×	5.51×	7.40×	8.43×	7.32×	–	–	–	–	6.35×	–	6.14×	6.65×	6.36×	6.83×	–	–	–	–
EV / Sales (TTM)	0.41×	0.44×	0.33×	0.34×	0.36×	0.33×	0.32×	0.28×	0.29×	0.38×	0.44×	0.41×	0.29×	0.23×	0.24×	0.24×	0.27×	0.29×	0.37×	0.38×	0.33×	0.35×	0.40×	0.39×	0.51×	0.58×	0.50×	–	–	–	–	0.29×	–	0.25×	0.29×	0.29×	0.30×	0.28×	0.17×	0.20×	0.17×
Returns
Return on equity	17.0%	31.9%	18.5%	22.1%	17.3%	26.7%	19.1%	39.0%	27.3%	29.2%	29.6%	31.6%	28.0%	35.3%	15.1%	21.1%	1.4%	24.0%	24.6%	22.6%	21.8%	(2.9%)	7.2%	31.3%	29.8%	28.4%	22.9%	–	–	–	–	–	–	–	–	–	–	–	18.2%	5.0%	15.2%
Return on invested capital	5.9%	10.5%	8.2%	10.9%	10.1%	7.5%	5.9%	8.9%	11.8%	11.3%	12.7%	12.3%	11.2%	14.1%	7.6%	11.5%	0.8%	11.9%	11.9%	12.1%	11.2%	–	4.2%	13.1%	11.8%	12.2%	10.5%	–	–	–	–	27.7%	–	21.6%	24.1%	22.7%	33.2%	17.0%	11.7%	12.0%	11.8%
Dividend yield	2.2%	2.0%	2.4%	2.1%	1.8%	2.1%	2.5%	2.1%	2.1%	1.4%	1.0%	1.0%	1.7%	1.8%	1.8%	1.8%	1.7%	1.5%	1.1%	0.8%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.2%	–	–	–	–
Financial health
Current ratio	0.80×	0.96×	0.81×	0.74×	0.75×	0.81×	0.76×	0.76×	0.78×	0.80×	0.76×	0.78×	0.82×	0.72×	0.80×	0.94×	0.97×	0.95×	0.82×	0.89×	0.96×	1.01×	1.01×	0.99×	1.00×	1.01×	0.98×	–	–	–	–	0.90×	–	1.00×	0.95×	0.95×	0.99×	1.14×	1.10×	1.10×	1.16×
Debt / equity	2.68×	1.92×	0.88×	1.12×	1.24×	1.30×	1.54×	1.93×	2.25×	2.10×	1.77×	2.14×	2.10×	2.11×	2.04×	1.48×	1.65×	1.54×	1.65×	1.43×	1.65×	2.25×	2.10×	2.23×	2.52×	2.77×	3.37×	–	–	–	–	(1.81×)	–	(1.69×)	(1.63×)	(1.63×)	(1.66×)	(1.67×)	1.09×	0.87×	0.73×
Effective tax rate	14.7%	20.0%	23.5%	22.5%	18.8%	23.2%	23.7%	22.6%	(27.3%)	32.8%	33.8%	34.1%	32.9%	34.5%	29.3%	34.7%	90.3%	36.5%	35.2%	36.2%	37.2%	136.4%	61.4%	37.5%	39.0%	41.6%	43.5%	43.3%	38.3%	37.8%	37.4%	36.2%	39.8%	41.7%	40.3%	41.4%	(85.2%)	33.4%	43.3%	41.6%	43.6%
Share count
Diluted shares outstanding	655	720	725	727	754	781	805	818	904	958	980	993	1,040	1,074	1,186	1,276	1,300	1,316	1,394	1,446	1,462	1,472	1,508	1,582	1,650	1,692	1,716	1,058	1,047	1,044	1,034	1,038	999	590	719	694	543	647	667	742	695

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$149,326	$147,642	$147,123	$150,039	$148,258	$137,888	$132,498	$122,286	$121,852	$123,280	$115,337	$109,830	$108,465	$98,375	$96,619	$90,269	$82,049	$76,609	$76,148	$70,336	$66,111	$60,553	$56,434	$53,791	$51,760	$50,098	$49,000	$45,352	$43,082	$33,927	$25,171	$23,938	$22,959	$22,384	$22,145	$21,350	$20,261	$19,104	$19,053	$17,660	$17,122	$17,124
Cost of revenue	($114,815)	($113,240)	($113,720)	($116,675)	($116,480)	($107,539)	($101,597)	($95,294)	($94,894)	($95,662)	($89,502)	($85,496)	($85,512)	($78,138)	($76,726)	($71,389)	($63,803)	($58,848)	($58,544)	($53,711)	($50,115)	($45,565)	($42,140)	($39,637)	($37,810)	($36,398)	($35,806)	($33,316)	($32,063)	($25,468)	($19,275)	($18,085)	($17,390)	($17,030)	($17,079)	($16,481)	($15,670)	($14,846)	($14,824)	($13,696)	($16,561)	($13,079)
Gross profit	$34,511	$34,402	$33,403	$33,364	$31,778	$30,349	$30,901	$26,992	$26,958	$27,618	$25,835	$24,334	$22,953	$20,237	$19,893	$18,880	$18,246	$17,761	$17,604	$16,625	$15,996	$14,988	$14,294	$14,154	$13,950	$13,700	$13,194	$12,036	$11,019	$8,459	$5,896	$5,853	$5,570	$5,354	$5,066	$4,870	$4,591	$4,258	$4,229	$3,963	$562	$4,044
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($28,332)	($28,308)	($25,431)	($26,252)	($23,848)	($23,203)	($24,500)	($21,208)	($20,786)	($21,510)	($19,162)	($17,946)	($17,161)	($15,196)	($14,849)	($15,345)	($13,823)	($13,412)	($659)	($643)	($12,488)	($11,688)	($11,291)	($11,011)	($10,274)	($10,133)	($9,797)	($8,968)	($8,380)	($6,525)	($4,672)	($4,706)	($4,528)	($4,315)	($4,166)	($3,928)	($3,673)	($3,410)	($3,531)	($3,329)	–	($3,427)
Total operating expenses	($32,428)	($32,512)	($29,554)	($30,268)	($27,652)	($26,872)	($28,121)	($24,741)	($24,344)	($25,006)	($22,383)	($20,758)	($19,816)	($17,512)	($17,129)	($17,602)	($16,064)	($16,670)	($15,152)	($14,263)	($13,760)	($12,953)	($13,451)	($12,811)	($11,377)	($11,341)	($10,805)	($9,914)	($9,216)	($7,117)	($5,029)	($5,031)	($4,821)	($4,658)	($4,418)	($4,170)	($3,918)	($3,652)	($3,785)	($3,552)	($211)	($3,636)
Total costs and expenses	($147,243)	($145,752)	($143,274)	($146,943)	($144,132)	($134,411)	($129,718)	($120,035)	($119,238)	($120,668)	($111,885)	($106,254)	($105,328)	($95,650)	($93,855)	($88,991)	($79,867)	($75,518)	($73,696)	($67,974)	($63,875)	($58,518)	($55,591)	($52,448)	($49,187)	($47,739)	($46,611)	($43,230)	($41,279)	($32,585)	($24,304)	($23,116)	($22,210)	($21,688)	($21,496)	($20,651)	($19,588)	($18,497)	($18,609)	($17,248)	($16,772)	($16,716)
Operating income	$2,083	$1,890	$3,849	$3,096	$4,126	$3,477	$2,780	$2,251	$2,614	$2,612	$3,452	$3,576	$3,137	$2,725	$2,764	$1,278	$2,182	$1,091	$2,452	$2,362	$2,236	$2,035	$843	$1,343	$2,573	$2,359	$2,389	$2,122	$1,803	$1,342	$867	$822	$749	$697	$648	$700	$674	$606	$444	$411	$351	$408
Earnings
EBITDA	$5,313	$5,222	$7,095	$6,221	$7,091	$6,301	$5,527	$4,900	$5,079	$5,048	$5,792	$5,665	$5,085	$4,428	$4,416	$2,916	$3,782	$2,616	$3,895	$3,717	$3,508	$3,300	$2,099	$2,552	$3,660	$3,435	$3,397	$3,068	$2,639	$1,934	$1,224	$1,147	$1,042	$1,040	$900	$942	$918	$848	–	–	–	–
Interest income	–	$199	$311	$118	$33	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($660)	($639)	($450)	($441)	($535)	($571)	($544)	($603)	($620)	($601)	($522)	($482)	($488)	($443)	($462)	($435)	($448)	($502)	($485)	($474)	($488)	($510)	($557)	($604)	($660)	($689)	($884)	($1,045)	($306)	($318)	($303)	($329)	($354)	($413)	($475)	($531)	($531)	($615)	($393)	($70)	($259)	($70)
Pre-tax income	$1,343	$1,200	$3,342	$2,836	$2,902	$2,051	$3,370	$1,981	$3,978	$1,484	$2,914	$3,094	$2,649	$2,282	$2,302	$843	$1,734	$589	$1,967	$1,888	$1,748	$1,525	$286	$739	$1,973	$1,711	$1,508	$1,102	$889	$954	$567	$510	$421	$284	$174	$169	$142	($9)	$52	$323	$96	$321
Income tax expense	($251)	($176)	($670)	($667)	($653)	($385)	($782)	($469)	($900)	$405	($957)	($1,045)	($902)	($751)	($794)	($247)	($601)	($532)	($717)	($664)	($633)	($567)	($390)	($454)	($740)	($668)	($628)	($479)	($385)	($365)	($215)	($191)	($152)	($113)	($72)	($68)	($59)	($8)	($17)	($140)	($40)	($140)
Net income	$1,085	$1,016	$2,665	$2,164	$2,244	$1,655	$2,585	$1,659	$3,110	$1,907	$1,975	$2,039	$1,728	$1,519	$1,497	$602	$1,116	$70	$1,249	$1,209	$1,115	$958	($104)	$285	$1,205	$1,043	$877	$613	$247	$465	$350	$303	$242	($12)	($6)	$101	$83	($16)	$34	$183	$52	$181
Per share
Diluted EPS (GAAP)	$1.84	$1.54	$3.67	$2.96	$3.06	$2.17	$3.27	$2.04	$3.76	$2.09	$2.05	$2.06	$1.72	$1.45	$1.39	$0.505	$0.87	$0.055	$0.945	$0.865	$0.77	$0.66	($0.07)	$0.21	$0.76	$0.63	$0.52	$0.36	$0.23	$0.32	$0.34	$0.30	$0.25	($0.0122)	($0.01)	$0.14	$0.12	($0.03)	$0.03	$0.28	$0.065	$0.26
Basic EPS (GAAP)	$1.85	$1.55	$3.70	$2.99	$3.10	$2.20	$3.31	$2.05	$3.80	$2.11	$2.08	$2.09	$1.74	$1.47	$1.39	$0.505	$0.875	$0.055	$0.955	$0.875	$0.78	$0.66	($0.07)	$0.21	$0.77	$0.63	$0.54	$0.37	$0.24	$0.46	$0.35	$0.32	$0.27	($0.0148)	($0.01)	$0.14	$0.12	($0.03)	$0.03	$0.28	$0.065	$0.26
Basic shares outstanding	626	652	715	718	718	744	773	799	810	895	942	966	981	1,028	1,066	1,180	1,270	1,294	1,304	1,380	1,430	1,448	1,472	1,494	1,558	1,650	1,646	1,658	1,024	1,010	999	963	908	825	590	719	694	543	647	667	742	695
Margins
Gross margin	23.1%	23.3%	22.7%	22.2%	21.4%	22.0%	23.3%	22.1%	22.1%	22.4%	22.4%	22.2%	21.2%	20.6%	20.6%	20.9%	22.2%	23.2%	23.1%	23.6%	24.2%	24.8%	25.3%	26.3%	27.0%	27.3%	26.9%	26.5%	25.6%	24.9%	23.4%	24.5%	24.3%	23.9%	22.9%	22.8%	22.7%	22.3%	22.2%	22.4%	3.3%	23.6%
Operating margin	1.4%	1.3%	2.6%	2.1%	2.8%	2.5%	2.1%	1.8%	2.1%	2.1%	3.0%	3.3%	2.9%	2.8%	2.9%	1.4%	2.7%	1.4%	3.2%	3.4%	3.4%	3.4%	1.5%	2.5%	5.0%	4.7%	4.9%	4.7%	4.2%	4.0%	3.4%	3.4%	3.3%	3.1%	2.9%	3.3%	3.3%	3.2%	2.3%	2.3%	2.0%	2.4%
Net margin	0.7%	0.7%	1.8%	1.4%	1.5%	1.2%	2.0%	1.4%	2.6%	1.5%	1.7%	1.9%	1.6%	1.5%	1.5%	0.7%	1.4%	0.1%	1.6%	1.7%	1.7%	1.6%	(0.2%)	0.5%	2.3%	2.1%	1.8%	1.4%	0.6%	1.4%	1.4%	1.3%	1.1%	(0.1%)	(0.0%)	0.5%	0.4%	(0.1%)	0.2%	1.0%	0.3%	1.1%

Analyst consensus

Buy44 analysts

Bearish · 6 · Hold · 17 · Bullish · 21

Earnings history

	EPS	Estimate
Q3 2024	$0.98	$0.98	Match
Q4 2024	$1.14	$1.11	Beat
Q1 2025	$1.49	$1.45	Beat
Q2 2025	$1.04	$0.99	Beat
Q3 2025	$1.05	$1.03	Beat
Q4 2025	$1.28	$1.20	Beat
Q1 2026	$1.58	$1.59	Miss
Q2 2026	$1.09	$1.06	Beat

Peers

Company overview

IPO dateJan 2, 1977

CEOGregory S. Foran

Employees403,000

SectorConsumer Defensive

IndustryGrocery Stores

CountryUS

ExchangeNew York Stock Exchange

Websitewww.thekrogerco.com

The Kroger Co. functions as a significant retail entity throughout the United States, encompassing a varied collection of store formats. Its operations include integrated food and drug stores, which stock a broad range of products from natural and organic sections to pharmacies, general merchandise, pet centers, fresh seafood, and organic produce. The company also runs multi-department stores that broaden their offerings to include apparel, home fashion and furnishings, outdoor living goods, electronics, automotive products, and toys. Furthermore, Kroger's marketplace stores blend comprehensive grocery services, pharmacies, health and beauty care, and perishable items with general merchandise such as clothing and household goods. Its price impact warehouse stores, on the other hand, concentrate on providing groceries, health and beauty essentials, meat, dairy, baked goods, and fresh produce at competitive prices. Beyond its retail presence, Kroger is involved in manufacturing and processing food products, which it then sells through its own supermarkets and online platforms. The company also operates 1,613 fuel centers, selling fuel to customers. As of January 29, 2022, The Kroger Co. managed 2,726 supermarkets, operating under numerous brand names across 35 states and the District of Columbia. Established in 1883, the company is headquartered in Cincinnati, Ohio.

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