The Kroger Co. (KR) financials
NYSE · Consumer Defensive · Grocery Stores · 403,000 employees · CEO Gregory S. Foran
- Price
- $66.76 +1.26%
- Market cap
- $39.4B
- Enterprise value
- $63.4B
- Last report
- Q2 '26 filed 2026-09-18
- Next report
- 2026-12-03 EPS est. $1.16
Revenue (TTM)–– vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)–– vs a year agoOperating income –
Net income (TTM)–– vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)–– vs a year agoCapex –
Diluted EPS (TTM)–– vs a year agoSum of the last 4 quarters
Net cash-$22.5B-17.3% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $39.4B EV $63.4B
- Revenue
- – Trailing 12 months
- Revenue growth
- +2% FY2027 consensus
- Profit margin
- – Net income / revenue, TTM
- P/E
- 36.1× Forward 12.9× (FY2027)
- P/S
- 0.3× Price / sales, TTM
- EV / EBITDA
- 11.4× TTM
- Free cash flow
- – Trailing 12 months
- Net income
- – Trailing 12 months
- Revenue estimate
- $151B FY2027 consensus
- Earnings
- 2026-12-03 Revenue est. $34.6B
- Dividend
- $1.44 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-09-11): revenue in line, EPS beat by 2.8%Revenue $34.6B vs $34.6B expected (-0.1%); EPS $1.09 vs $1.06 (+2.8%).
- Revenue growth steady: 2.0% year on yearQ2 '26 revenue $34.6B, against an average of 1.0% over the four quarters before.
- Diluted share count down 8.6% in a year608M diluted shares in Q2 '26, 665M a year earlier.
- Net debt $22.5BCash + short-term investments $1.68B, debt incl. leases $24.2B; a year ago net debt $19.2B.
Last quarter: Q2 '26
Quarter ended 2026-08-15. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $34.6B | $33.9B | +2.0% |
| Gross margin | 22.7% | 23.0% | -0.3 pp |
| Operating income | $971M | $863M | +12.5% |
| Operating margin | 2.8% | 2.5% | +0.3 pp |
| Net income | $641M | $609M | +5.3% |
| Diluted EPS | $1.05 | $0.91 | +15.4% |
| Operating cash flow | $1.15B | $1.54B | -25.6% |
| Capex | $1.14B | $924M | +23.8% |
| Free cash flow | $1M | $615M | -99.8% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $0 | $45M | -100.0% |
Reported vs consensus
2026-09-11| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $34.6B | $34.6B | -0.1% |
| EPS (as estimated) | $1.09 | $1.06 | +2.8% |
From the report of 2026-09-11 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q4 '18 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Non Perishable | $14.9B | – | 52.9% | $60.6B | – | |
| Perishable | $6.63B | – | 23.6% | $29.1B | – | |
| Fuel | $2.91B | – | 10.3% | $14.9B | – | |
| Pharmacy | $2.49B | – | 8.9% | $10.6B | – | |
| Other Product | $1.22B | – | 4.3% | $4.96B | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Free cash flow
- –
- Returned to shareholders / FCF
- –
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 36.1× | 21.3× | 14.5× – 40.3× |
| EV / EBITDA | 11.4× | 8.5× | 7.2× – 10.8× |
| EV / Sales | 0.4× | 0.4× | 0.3× – 0.4× |
| Price / FCF | 17.4× | 16.8× | 9.0× – 26.2× |
| Price / Book | 6.9× | 4.3× | 2.9× – 6.9× |
| FCF yield | 5.8% | 7.2% | 3.8% – 11.1% |
| Return on invested capital | 5.0% | 7.4% | 4.7% – 9.3% |
| Return on equity | 17.2% | 21.6% | 17.1% – 32.2% |
Analysts
Consensus target $71.31 (+6.8%)
range $60.00 – $82.00 · rating Buy
Strong buy0
Buy21
Hold17
Sell6
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $151B | +2.2% | $5.19 | +237.3% | 12.9× | 13 |
| FY2028 | $153B | +1.5% | $5.48 | +5.5% | 12.2× | 13 |
| FY2029 | $156B | +1.9% | $5.87 | +7.2% | 11.4× | 5 |
| FY2030 | $161B | +3.5% | $6.61 | +12.6% | 10.1× | 1 |
| FY2031 | $163B | +0.7% | $6.50 | -1.7% | 10.3× | 2 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 260 figures The Kroger Co. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $10.8B | $10.2B | +5.8% | $10.5B | $10.1B | +3.6% |
| Accrued Salaries, Current | $1.21B | $1.32B | -8.3% | $1.27B | $1.33B | -4.7% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$618M | -$615M | -0.5% | -$635M | -$621M | -2.3% |
| Additional Paid in Capital, Common Stock | $3.98B | $3.17B | +25.2% | $3.91B | $3.09B | +26.6% |
| Advertising Expense | – | – | – | $1.18B | $1.17B | +0.8% |
| Amortization of Intangible Assets | – | – | – | $30M | $30M | 0.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | – | – | – | 1.3M | 2.9M | -55.2% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | – | – | – | $157M | $175M | -10.3% |
| Assets | $49.5B | $53.6B | -7.6% | $50B | $52.6B | -5.1% |
| Assets for Plan Benefits, Defined Benefit Plan | $42M2026-01-31 | $24M | +75.0% | $42M | $24M | +75.0% |
| Assets Held-for-sale, Long Lived, Fair Value Disclosure | $225M2026-01-31 | – | – | $225M | – | – |
| Assets Held-for-sale, Not Part of Disposal Group | $275M2026-01-31 | – | – | $275M | – | – |
| Assets, Current | $12.9B | $15.8B | -18.2% | $14.5B | $15.3B | -5.0% |
| Cash and Cash Equivalents, at Carrying Value | $1.68B | $4.88B | -65.7% | $3.33B | $3.96B | -15.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.68B | $4.88B | -65.7% | $3.33B | $3.96B | -15.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | – | – | – | -$625M | $2.08B | -130.1% |
| Common Stock, Dividends, Per Share, Declared | – | – | – | $1.37 | $1.25 | +9.6% |
| Common Stock, Par or Stated Value Per Share | $1.00 | $1.00 | 0.0% | $1.00 | $1.00 | 0.0% |
| Common Stock, Shares Authorized | 2B | 2B | 0.0% | 2B | 2B | 0.0% |
| Common Stock, Shares, Issued | 1.92B | 1.92B | 0.0% | 1.92B | 1.92B | 0.0% |
| Common Stock, Value, Outstanding | $1.92B | $1.92B | 0.0% | $1.92B | $1.92B | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | – | – | – | $8M | $7M | +14.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | – | – | – | $1B | $2.53B | -60.4% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | – | – | – | $1.01B | $2.54B | -60.2% |
| Contract with Customer, Liability | $286M2026-01-31 | $256M | +11.7% | $286M | $256M | +11.7% |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | – | – | – | $113B | $114B | -0.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $333M | $598M | -44.3% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $31M | $24M | +29.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $79M | $97M | -18.6% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$217M | -$62M | -250.0% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$330M | -$102M | -223.5% |
| Deferred Income Tax Liabilities, Net | $1.18B | $1.39B | -14.6% | $1.09B | $1.42B | -22.8% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$50M | $13M | -484.6% |
| Deferred Tax Assets, Deferred Income | $60M2026-01-31 | $83M | -27.7% | $60M | $83M | -27.7% |
| Deferred Tax Assets, Gross | $3.06B2026-01-31 | $3.05B | +0.6% | $3.06B | $3.05B | +0.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $2.99B2026-01-31 | $2.99B | 0.0% | $2.99B | $2.99B | 0.0% |
| Deferred Tax Assets, Other | $126M2026-01-31 | $44M | +186.4% | $126M | $44M | +186.4% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits | $334M2026-01-31 | $338M | -1.2% | $334M | $338M | -1.2% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts | $23M2026-01-31 | $24M | -4.2% | $23M | $24M | -4.2% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Legal Settlements | $238M2026-01-31 | $303M | -21.5% | $238M | $303M | -21.5% |
| Deferred Tax Assets, Valuation Allowance | $72M2026-01-31 | $54M | +33.3% | $72M | $54M | +33.3% |
| Deferred Tax Liabilities, Gross | $4.07B2026-01-31 | $4.41B | -7.6% | $4.07B | $4.41B | -7.6% |
| Deferred Tax Liabilities, Inventory | $270M2026-01-31 | $283M | -4.6% | $270M | $283M | -4.6% |
| Deferred Tax Liabilities, Net | $1.08B2026-01-31 | $1.42B | -23.6% | $1.08B | $1.42B | -23.6% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $1.89B2026-01-31 | $1.9B | -0.1% | $1.89B | $1.9B | -0.1% |
| Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax | $793M2026-01-31 | $761M | +4.2% | $793M | $761M | +4.2% |
| Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax | -$8M2026-01-31 | -$10M | +20.0% | -$8M | -$10M | +20.0% |
| Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax | -$801M2026-01-31 | -$771M | -3.9% | -$801M | -$771M | -3.9% |
| Defined Benefit Plan, Plan Assets, Amount | $43M2026-01-31 | $24M | +79.2% | $43M | $24M | +79.2% |
| Defined Contribution Plan, Cost | – | – | – | $318M | $328M | -3.0% |
| Depreciation, Depletion and Amortization | – | – | – | $3.33B | $3.25B | +2.6% |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | – | – | – | $79M2025-02-01 | – | – |
| Dividends, Common Stock, Cash | – | – | – | $890M | $887M | +0.3% |
| Earnings Per Share, Basic | – | – | – | $1.55 | $3.70 | -58.1% |
| Earnings Per Share, Diluted | – | – | – | $1.54 | $3.67 | -58.0% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $252M | – | – |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 21.0% | 21.0% | 0.0% |
| Effective Income Tax Rate Reconciliation, Disposition of Business, Amount | – | – | – | -$30M | – | – |
| Effective Income Tax Rate Reconciliation, Disposition of Business, Percent | – | – | – | -2.5% | -0.9% | -177.8% |
| Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount | – | – | – | $31M | – | – |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-15, 10-Q 2026-05-23, 10-K 2026-01-31, 10-Q 2025-11-08, 10-Q 2025-08-16, 10-Q 2025-05-24, 10-K 2025-02-01, 10-Q 2024-11-09, 10-Q 2024-08-17
Data as of 2026-11-02