Kroger (KR) financial statements
Kroger reported revenue of $147.6B in fiscal 2026, up 2.8% a year over 9 years.
Net income was $1.0B and the operating margin 1.3%, against 3.0% in 2017.
Free cash flow was $3.5B, and the company returned $885M in dividends and $2.7B in net buybacks.
The diluted share count fell 32% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Kroger's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $115.3B | $123.3B | $121.9B | $122.3B | $132.5B | $137.9B | $148.3B | $150.0B | $147.1B | $147.6B |
| Cost of revenue | $89.5B | $95.7B | $95.1B | $95.3B | $101.6B | $107.5B | $116.5B | $116.7B | $113.7B | $113.2B |
| Gross profit | $25.8B | $27.6B | $26.7B | $27.0B | $30.9B | $30.3B | $31.8B | $33.4B | $33.4B | $34.4B |
| Operating income | $3.5B | $2.6B | $2.6B | $2.3B | $2.8B | $3.5B | $4.1B | $3.1B | $3.8B | $1.9B |
| Interest expense | $522M | $601M | $620M | $603M | $544M | $571M | $535M | $441M | — | — |
| Pre-tax income | $2.9B | $1.5B | $4.0B | $2.0B | $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 | $2.0B | $1.9B | $3.1B | $1.7B | $2.6B | $1.7B | $2.2B | $2.2B | $2.7B | $1.0B |
| EPS (diluted) | $2.05 | $2.09 | $3.76 | $2.04 | $3.27 | $2.17 | $3.06 | $2.96 | $3.67 | $1.54 |
| Diluted shares | 958M | 904M | 818M | 805M | 781M | 754M | 727M | 725M | 720M | 655M |
| Gross margin | 22.4% | 22.4% | 22.0% | 22.1% | 23.3% | 22.0% | 21.4% | 22.2% | 22.7% | 23.3% |
| Operating margin | 3.0% | 2.1% | 2.1% | 1.8% | 2.1% | 2.5% | 2.8% | 2.1% | 2.6% | 1.3% |
| Net margin | 1.7% | 1.5% | 2.6% | 1.4% | 2.0% | 1.2% | 1.5% | 1.4% | 1.8% | 0.7% |
Balance sheet
Fiscal years, from Kroger's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $322M | $347M | $429M | $399M | $1.7B | $1.8B | $1.0B | $1.9B | $4.0B | $3.3B |
| Receivables | $1.6B | $1.6B | $1.6B | $1.7B | $1.8B | $1.8B | $2.2B | $2.1B | $2.2B | $2.2B |
| 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 and equipment | $21.0B | $21.1B | $21.6B | $21.9B | $22.4B | $23.8B | $24.7B | $25.2B | $25.7B | $24.3B |
| Goodwill | $3.0B | $2.9B | $3.1B | $3.1B | $3.1B | $3.1B | $2.9B | $2.9B | $2.7B | $2.6B |
| Total assets | $36.5B | $37.2B | $38.1B | $45.3B | $48.7B | $49.1B | $49.6B | $50.5B | $52.6B | $50.0B |
| 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 | $12.0B | $12.1B | $11.3B | $11.6B | $11.3B | $10.1B | $10.2B | $15.8B | $14.5B |
| Total liabilities | $29.8B | $30.3B | $30.3B | $36.7B | $39.1B | $39.7B | $39.6B | $38.9B | $44.3B | $44.0B |
| Shareholders' equity | $6.7B | $6.9B | $7.9B | $8.6B | $9.6B | $9.5B | $10.0B | $11.6B | $8.3B | $5.9B |
| Net debt | $13.7B | $15.2B | $14.7B | $12.9B | $10.7B | $9.9B | $10.3B | $8.3B | $11.9B | $12.5B |
Cash flow
Fiscal years, from Kroger's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.3B | $3.4B | $4.2B | $4.7B | $6.8B | $6.2B | $4.5B | $6.8B | $5.8B | $7.3B |
| Capital spending | $3.7B | $2.8B | $3.0B | $3.1B | $2.9B | $2.6B | $3.1B | $3.9B | $4.0B | $3.9B |
| Free cash flow | $573M | $604M | $1.2B | $1.5B | $4.0B | $3.6B | $1.4B | $2.9B | $1.8B | $3.5B |
| Stock-based compensation | $141M | $151M | $154M | $155M | $185M | $203M | $190M | $172M | $175M | $157M |
| Dividends paid | $429M | $443M | $437M | $486M | $534M | $589M | $682M | $796M | $883M | $885M |
| Share buybacks (net) | -$1.8B | -$1.6B | -$2.0B | -$465M | -$1.3B | -$1.6B | -$993M | -$62M | -$4.2B | -$2.7B |
| Net borrowing | $3.2B | $2.2B | $915M | $1.2B | -$101M | $56M | — | $15M | $10.5B | $43M |
| Free cash flow margin | 0.5% | 0.5% | 1.0% | 1.3% | 3.0% | 2.6% | 1.0% | 1.9% | 1.2% | 2.3% |
| Dividends per share | $0.45 | $0.49 | $0.53 | $0.60 | $0.68 | $0.78 | $0.94 | $1.10 | $1.23 | $1.35 |
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Open KR in InvestinglyQuestions
What was Kroger's revenue in 2026?
$147.6B in fiscal 2026, from its 10-K filing.
How much free cash flow does Kroger generate?
$3.5B in fiscal 2026 (operating cash flow minus capital spending).
From Kroger's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.