Ingles Markets (IMKTA) financial statements
Ingles Markets reported revenue of $5.3B in fiscal 2025, up 3.9% a year over 9 years.
Net income was $84M and the operating margin 2.2%, against 3.4% in 2016.
Free cash flow was $40M, and the company returned $12M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ingles Markets's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.8B | $4.0B | $4.1B | $4.2B | $4.6B | $5.0B | $5.7B | $5.9B | $5.6B | $5.3B |
| Cost of revenue | $2.9B | $3.0B | $3.1B | $3.2B | $3.4B | $3.7B | $4.3B | $4.5B | $4.3B | $4.1B |
| Gross profit | $924M | $964M | $980M | $1.0B | $1.2B | $1.3B | $1.4B | $1.4B | $1.3B | $1.3B |
| Operating income | $129M | $128M | $125M | $152M | $281M | $350M | $377M | $292M | $147M | $118M |
| Interest expense | $46M | $47M | $48M | $47M | $41M | $24M | $22M | $22M | $22M | $20M |
| Pre-tax income | $85M | $84M | $80M | $107M | $235M | $328M | $361M | $279M | $140M | $110M |
| Income tax | $30M | $30M | -$17M | $25M | $56M | $78M | $89M | $68M | $34M | $26M |
| Net income | $54M | $54M | $97M | $82M | $179M | $250M | $273M | $211M | $106M | $84M |
| Gross margin | 24.4% | 24.1% | 23.9% | 24.3% | 26.0% | 26.1% | 24.9% | 23.8% | 23.0% | 23.9% |
| Operating margin | 3.4% | 3.2% | 3.0% | 3.6% | 6.1% | 7.0% | 6.6% | 5.0% | 2.6% | 2.2% |
| Net margin | 1.4% | 1.3% | 2.4% | 1.9% | 3.9% | 5.0% | 4.8% | 3.6% | 1.9% | 1.6% |
Balance sheet
Fiscal years, from Ingles Markets's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6M | $24M | $11M | $42M | $7M | $75M | $267M | $329M | $354M | $366M |
| Receivables | $62M | $66M | $70M | $72M | $81M | $95M | $97M | $108M | $78M | $106M |
| Inventory | $344M | $349M | $372M | $374M | $367M | $390M | $458M | $494M | $462M | $483M |
| Total current assets | $418M | $446M | $497M | $497M | $470M | $575M | $838M | $953M | $926M | $976M |
| Property, plant and equipment | $1.2B | $1.3B | $1.3B | $1.3B | $1.4B | $1.4B | $1.4B | $1.4B | $1.5B | $1.5B |
| Total assets | $1.7B | $1.7B | $1.8B | $1.9B | $1.9B | $2.0B | $2.3B | $2.5B | $2.5B | $2.6B |
| Total current liabilities | $242M | $246M | $260M | $248M | $324M | $306M | $334M | $331M | $321M | $303M |
| Long-term debt | $866M | $866M | $853M | $840M | $586M | $572M | $554M | $533M | $515M | $497M |
| Total liabilities | $1.2B | $1.2B | $1.2B | $1.2B | $1.1B | $1.0B | $1.0B | $1.0B | $982M | $950M |
| Shareholders' equity | $470M | $511M | $595M | $663M | $819M | $983M | $1.3B | $1.5B | $1.5B | $1.6B |
| Net debt | $871M | $854M | $855M | $810M | $599M | $519M | $305M | $222M | $179M | $149M |
Cash flow
Fiscal years, from Ingles Markets's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $159M | $156M | $161M | $212M | $350M | $306M | $339M | $266M | $263M | $154M |
| Capital spending | $138M | $128M | $150M | $162M | $123M | $141M | $120M | $174M | $211M | $115M |
| Free cash flow | $21M | $29M | $11M | $50M | $227M | $166M | $220M | $93M | $52M | $40M |
| Dividends paid | $13M | $13M | $13M | $13M | $13M | $13M | $12M | $12M | $12M | $12M |
| Share buybacks (net) | — | — | — | — | — | -$80M | — | — | — | — |
| Net borrowing | -$11M | $249,411 | -$13M | -$14M | -$288M | -$328M | -$18M | -$22M | -$18M | -$18M |
| Free cash flow margin | 0.6% | 0.7% | 0.3% | 1.2% | 4.9% | 3.3% | 3.9% | 1.6% | 0.9% | 0.7% |
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Open IMKTA in InvestinglyQuestions
What was Ingles Markets's revenue in 2025?
$5.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Ingles Markets generate?
$40M in fiscal 2025 (operating cash flow minus capital spending).
From Ingles Markets's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.