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Ingles Markets, Incorporated

IMKTA Consumer Defensive Grocery Stores

Ingles Markets, Incorporated’s revenue for fiscal 2025 (year ended September 2025) was $5.3 billion, down 5.42% from fiscal 2024. In the quarter to June 2026, revenue grew 1.64%, EPS fell 1.42%, free cash flow fell 4.33% and total debt fell 3.40%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

85.98 0.80 −0.92%
Market cap
$1.6B
P/E
15.4×
Fwd P/E
0.0×
Dividend yield
0.77%
F-score
6/9
Altman Z
4.26
Beneish M
−2.27
Dividend safety
89/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.04
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — 1 — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 23.88%

Capital & Financial Ratios $m

Market Cap 1,610.00
Revenue 5,417.59
Net Income 103.99
Free Cash Flow 150.31
Net Debt 47.10
Current Ratio 3.21 (at or above 1.5: strong)
Debt/Equity 0.30 (at or below 0.5: strong)
P/E ratio 15.38
Fwd P/E 0.00
P/S ratio 0.30
P/B ratio 0.97
Past 5Y EPS Growth (8.30%) (below 0%: weak)
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth (8.62%) (below 0%: weak)
Next 5Y EPS Growth 14.50%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.3×, against a ten-year median of 0.4×; over the ten years it ranged from 0.2× in 2024 to 0.5× in 2016.
P/E against its own 10 years 83.16%
10-year low 10-year high
P/S against its own 10 years 85.55%
10-year low 10-year high
P/B against its own 10 years 25.25%
10-year low 10-year high
EV/Sales against its own 10 years 25.14%
10-year low 10-year high
EV/FCF against its own 10 years 23.96%
10-year low 10-year high

Dividends

Payout Ratio 0.12
Annual Dividend Rate 0.66
Annual Dividend Yield 0.77%
total individual payouts
2026 0.66
0.17
0.17
0.17
0.17
2025 0.66
0.17
0.17
0.17
0.17
2024 0.66
0.17
0.17
0.17
0.17
2023 0.66
0.17
0.17
0.17
0.17
2022 0.66
0.17
0.17
0.17
0.17
2021 0.66
0.17
0.17
0.17
0.17
2020 0.66
0.17
0.17
0.17
0.17
2019 0.66
0.17
0.17
0.17
0.17
2018 0.66
0.17
0.17
0.17
0.17
2017 0.66
0.17
0.17
0.17
0.17
2016 0.66
0.17
0.17
0.17
0.17
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 329 354 366 455
Receivables 108 78 106 103
Inventory 494 462 483 480
Other 23 32 20 19
953 926 976 1,057
2023 2024 2025 Q'26
Payables 204 198 179 190
ST’ Debt 18 18 17 17
Other — — — —
331 321 303 329

Compound Annual Growth %

10y 5y 3y
Sales 3.51% 2.96% (2.07%)
Cash Flow 0.04% (15.14%) (23.15%)
Earnings 3.48% (14.09%) (32.58%)
Book Value 14.18% 14.55% 8.66%

Revenue $m

Dec Mar Jun Sep Year
’26 1,373 1,308 1,368 — —
’25 1,288 1,331 1,346 1,368 5,334
’24 1,481 1,367 1,394 1,398 5,640
’23 1,493 1,381 1,434 1,585 5,893
’22 1,392 1,377 1,458 1,452 5,679
’21 1,190 1,185 1,277 1,335 4,988
’20 1,078 1,145 1,190 1,197 4,611
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 38 84 67 — —
’25 (44) 63 75 60 154
’24 16 70 103 73 263
’23 57 37 83 89 266
’22 95 61 106 78 339
’21 58 57 99 92 306
’20 16 159 54 121 350
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 2 68 44 — —
’25 (78) 39 46 37 44
’24 (47) 38 59 6 56
’23 (1) 6 37 55 96
’22 74 49 67 32 223
’21 24 22 66 71 183
’20 (10) 133 33 75 233
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 1.48 1.28 1.36 — —
’25 0.87 0.80 1.38 1.35 4.40
’24 2.28 1.68 1.67 (0.06) 5.56
’23 3.65 2.13 2.54 2.77 11.10
’22 3.48 3.61 3.57 3.69 14.36
’21 2.05 1.99 3.79 2.92 10.00
’20 0.67 1.53 2.38 2.20 6.78
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 31.77 20.75 25.68 25.57 32.21 41.21 74.63 73.38 59.73 58.92

Analyst estimates 2026–2028

Powerpack
High 52.40 50.20 37.65 49.14 48.11 92.76 102.99 99.65 89.59 78.59
People
People Employees 26,500 25,000 26,000 27,000 27,000 26,000 26,000 26,420 26,360 25,551
Revenue/emp, $m 0.14 0.16 0.16 0.16 0.17 0.19 0.22 0.22 0.21 0.21
Income, $m
Income, $m Revenue 3,795 4,003 4,093 4,202 4,611 4,988 5,679 5,893 5,640 5,334
Gross margin, % 24.36 24.07 23.95 24.32 25.99 26.13 24.93 23.84 23.05 23.89
EBT 85 84 80 107 235 328 361 279 140 110
EBT margin, % 2.23 2.11 1.96 2.54 5.10 6.57 6.36 4.73 2.47 2.06
Net income 54 54 97 82 179 250 273 211 106 84
Depreciation 107 111 113 113 116 117 118 116 122 123
Per share, $
Per share, $ Revenue 187.32 197.57 202.01 207.41 227.57 254.31 298.97 310.24 296.92 280.81
Earnings 2.75 2.74 4.94 4.14 9.06 13.06 14.69 11.35 5.68 4.50
Cash flow 7.85 7.72 7.96 10.44 17.28 15.62 17.87 14.03 13.82 8.11
Capex (6.76) (6.19) (7.31) (7.54) (5.79) (6.27) (6.16) (8.96) (10.86) (5.79)
Free cash flow 1.09 1.53 0.65 2.90 11.49 9.35 11.71 5.07 2.97 2.32
Book value 23.21 25.22 29.39 32.71 40.44 50.13 66.31 76.81 81.38 85.07
Shares, m 20 20 20 20 20 20 19 19 19 19
Valuation, ×
Valuation, × P/E 14.38 9.32 6.82 9.39 4.20 5.03 5.39 6.64 13.13 15.49
P/S 0.21 0.13 0.17 0.19 0.17 0.26 0.26 0.24 0.25 0.25
P/B 1.70 1.01 1.15 1.19 0.94 1.32 1.19 0.98 0.92 0.82
EV/Sales 0.44 0.34 0.38 0.38 0.30 0.36 0.32 0.28 0.28 0.28
EV/FCF 75.49 44.27 117.40 27.21 5.88 9.87 8.13 17.18 28.37 33.32
Cash, $m
Cash, $m Operating cash flow 159 156 161 212 350 306 339 266 263 154
Capex (137) (125) (148) (153) (117) (123) (117) (170) (206) (110)
Free cash flow 22 31 13 59 233 183 223 96 56 44
Balance, $m
Balance, $m Working capital 177 200 237 250 146 269 504 622 605 673
Total debt 876 878 866 852 606 590 572 553 535 516
Net debt 871 854 855 810 599 514 305 225 181 150
Shareholders’ equity 470 511 595 663 819 983 1,260 1,459 1,546 1,616
Returns, %
Returns, % ROA 3.24 3.15 5.47 4.42 9.48 12.75 12.65 8.84 4.22 3.28
ROIC 5.99 5.86 5.38 6.46 12.38 14.61 15.06 10.85 5.32 4.16
ROE 12.05 10.98 17.60 12.97 24.10 27.71 24.32 15.51 7.03 5.29
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Ingles Markets, Incorporated vs peers in Grocery Stores (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ACI Albertsons Companies, Inc. $6.3B — (loss-making) 8.6× −0.11% (below 0%: shrinking) −64.57% (below 0%: shrinking) −52.98% (below 0%: shrinking) 26.76% 0.92% Compare
SFM Sprouts Farmers Market, Inc. $6.2B 12.4× 14.9× +4.74% (above 0%: growing) 0.00% −10.82% (below 0%: shrinking) 38.72% 7.49% Compare
WMK Weis Markets, Inc. $1.9B 18.7× 16.0× +4.64% (above 0%: growing) −8.91% (below 0%: shrinking) +16,012.87% (above 0%: growing) 25.75% 2.28% Compare
IMKTA Ingles Markets, Incorporated $1.6B 15.4× — (loss-making) +1.64% (above 0%: growing) −1.42% (below 0%: shrinking) −4.33% (below 0%: shrinking) 24.30% 2.52%
GO Grocery Outlet Holding Corp. $1.3B — (loss-making) — (loss-making) +1.10% (above 0%: growing) +20.00% (above 0%: growing) −95.75% (below 0%: shrinking) 30.24% 1.32% Compare
ASAIY Sendas Distribuidora S.A. Sponsored ADR $1.3B 17.9× 9.6× +13.15% (above 0%: growing) +157.14% (above 0%: growing) +90.96% (above 0%: growing) 19.21% 7.24% Compare
NGVC Natural Grocers by Vitamin Cottage, Inc. $705.2M 14.9× 14.2× +1.84% (above 0%: growing) −5.88% (below 0%: shrinking) +130.15% (above 0%: growing) 29.28% 4.48% Compare
VLGEA Village Super Market, Inc. $592.1M 11.3× 12.3× +1.65% (above 0%: growing) −20.17% (below 0%: shrinking) −11.05% (below 0%: shrinking) 28.24% 2.85% Compare
DNUT Krispy Kreme, Inc. $537.8M — (loss-making) — (loss-making) −12.84% (below 0%: shrinking) n/m +71.54% (above 0%: growing) 74.01% (3.32%) Compare
Median of peers $1.3B 14.9× 13.3× +1.75% −5.88% +30.36% 28.76% 2.57%

All 12 Grocery Stores stocks →

Ingles Markets, Incorporated (IMKTA) key facts

  • Concern: Ingles Markets, Incorporated’s revenue for fiscal 2025 (year ended September 2025) was $5.3 billion, down 5.42% from fiscal 2024.
  • Concern: Net income was $83.6 million, or $4.50 per share (basic), a net margin of 1.57%.
  • Ingles Markets, Incorporated (IMKTA) is a Grocery Stores company in the Consumer Defensive sector, listed on Nasdaq.
  • As of October 16, 2026, IMKTA traded at $85.98, a market capitalization of $1.6 billion.
  • At that price the stock trades at 15.4× trailing-twelve-month earnings and 0.3× sales; its P/E is higher than 83% of its own readings over the past ten years.
  • Ingles Markets, Incorporated pays an annual dividend of $0.66 per share, a yield of 0.77%, with a payout ratio of 12.1%.
  • Return on equity was 5.29% and debt-to-equity 0.30.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 4.26 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Ingles Markets, Incorporated (IMKTA) Latest News

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stockrow.com/IMKTA · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com