KROGER CO
Retail-Grocery Stores· NYSE: KR
- Revenue
- $147.6B
- FY2026
- Revenue growth
- +2.2%
- a year over 5 years
- Gross margin
- –
- FY2026
- Operating margin
- 1.3%
- FY2026
- FCF margin
- 2.3%
- FY2026
- ROIC
- 13.2%
- 5-year average
- Net debt
- $12.5B
- FY2026
- Share count
- -3.5%
- a year: net buybacks
Performance
Revenue
$147.6B
+2.8% a year over 9 years
FY2017FY2026
Margins
Operating1.3%Net0.7%
FY2026
FY2017FY2026
Free cash flow and owner earnings
Free cash flow$3.5BOwner earnings$3.3B
Free cash flow +22.1% a year
FY2017FY2026
Diluted shares
655.0M
-31.6% over 9 years, net buybacks
FY2017FY2026
Return on invested capital
8.7%
FY2026
FY2017FY2026
Net debt (below zero)
-$12.5B
$12.5B more debt than cash
FY2017FY2026
Company statistics
Profile · FY2026
- Revenue
- $147.6B
- Operating income
- $1.9B
- Free cash flow
- $3.5B
- Owner earnings
- $3.3B
- Diluted shares
- 655.0M
Margins · FY2026
- Gross
- –
- Operating
- 1.3%
- Net
- 0.7%
- Free cash flow
- 2.3%
- Owner earnings
- 2.2%
- Stock pay
- 0.1%
Returns
- ROIC, FY2026
- 8.7%
- ROIC, 5 yr avg
- 13.2%
- ROE, FY2026
- 17.1%
- ROE, 5 yr avg
- 21.6%
Growth (CAGR)
- Revenue, 3 yr
- -0.1%
- Revenue, 5 yr
- 2.2%
- Revenue, 9 yr
- 2.8%
- Diluted EPS, 3 yr
- -20.5%
- Diluted EPS, 5 yr
- -14.0%
- Diluted EPS, 9 yr
- -3.1%
- Free cash flow, 3 yr
- 34.5%
- Free cash flow, 5 yr
- -2.6%
- Free cash flow, 9 yr
- 22.1%
Financial health · FY2026
- Cash and investments
- $3.3B
- Total debt
- $15.9B
- Net debt
- $12.5B
- Debt/Equity
- 2.7x
- Debt/FCF
- 4.6x
Capital returned · FY2026
- Dividends paid
- $885.0M
- Payout ratio
- 87.1%
- Share repurchases
- $2.7B
- Returned / FCF
- 103.7%
- Share count, 5 yr
- -3.5%
Financials: ten years from the 10-Ks
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $115.3B | $123.3B | $121.9B | $122.3B | $132.5B | $137.9B | $148.3B | $150.0B | $147.1B | $147.6B |
| Revenue growth | – | 6.9% | -1.2% | 0.4% | 8.4% | 4.1% | 7.5% | 1.2% | -1.9% | 0.4% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 3.0% | 2.1% | 2.1% | 1.8% | 2.1% | 2.5% | 2.8% | 2.1% | 2.6% | 1.3% |
| Net income | $2.0B | $1.9B | $3.1B | $1.7B | $2.6B | $1.7B | $2.2B | $2.2B | $2.7B | $1.0B |
| Net margin | 1.7% | 1.5% | 2.6% | 1.4% | 2.0% | 1.2% | 1.5% | 1.4% | 1.8% | 0.7% |
| Diluted EPS | $2.05 | $2.09 | $3.76 | $2.04 | $3.27 | $2.17 | $3.06 | $2.96 | $3.67 | $1.54 |
| Return on invested capital? | 11.8% | – | 9.3% | 8.0% | 10.5% | 14.6% | 15.7% | 11.9% | 15.2% | 8.7% |
| Cash | ||||||||||
| Operating cash flow | $4.3B | $3.4B | $4.2B | $4.7B | $6.8B | $6.2B | $4.5B | $6.8B | $5.8B | $7.3B |
| Capital expenditure | $3.7B | $2.8B | $3.0B | $3.1B | $2.9B | $2.6B | $3.1B | $3.9B | $4.0B | $3.9B |
| Free cash flow | $573.0M | $604.0M | $1.2B | $1.5B | $4.0B | $3.6B | $1.4B | $2.9B | $1.8B | $3.5B |
| Stock-based compensation | $141.0M | $151.0M | $154.0M | $155.0M | $185.0M | $203.0M | $190.0M | $172.0M | $175.0M | $157.0M |
| Owner earnings? | $432.0M | $453.0M | $1.0B | $1.4B | $3.8B | $3.4B | $1.2B | $2.7B | $1.6B | $3.3B |
| Free cash flow per share | $0.60 | $0.67 | $1.46 | $1.91 | $5.06 | $4.74 | $1.95 | $3.98 | $2.47 | $5.28 |
| Capital allocation | ||||||||||
| Dividends paid | $429.0M | $443.0M | $437.0M | $486.0M | $534.0M | $589.0M | $682.0M | $796.0M | $883.0M | $885.0M |
| Share repurchases | $1.8B | $1.6B | $2.0B | $465.0M | $1.3B | $1.6B | $993.0M | $62.0M | $4.2B | $2.7B |
| Diluted shares | 958.0M | 904.0M | 818.0M | 805.0M | 781.0M | 754.0M | 727.0M | 725.0M | 720.0M | 655.0M |
| Share count change? | -2.2% | -5.6% | -9.5% | -1.6% | -3.0% | -3.5% | -3.6% | -0.3% | -0.7% | -9.0% |
| Balance sheet | ||||||||||
| Cash and equivalents | $322.0M | $347.0M | $429.0M | $399.0M | $1.7B | $1.8B | $1.0B | $1.9B | $4.0B | $3.3B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $13.3B | $14.8B | $14.4B | $13.3B | $12.4B | $11.7B | $11.3B | $10.2B | $15.9B | $15.9B |
| Net debt | $13.0B | $14.4B | $13.9B | $12.9B | $10.7B | $9.9B | $10.3B | $8.3B | $11.9B | $12.5B |
| Shareholders' equity | $6.7B | $6.9B | $7.9B | $8.6B | $9.6B | $9.5B | $10.0B | $11.6B | $8.3B | $5.9B |
Latest filings
| 2026-09-18 | 10-Q | Quarterly report |
| 2026-09-11 | 8-K | Earnings release |
| 2026-06-26 | 10-Q | Quarterly report |
| 2026-06-18 | 8-K | Earnings release |
| 2026-05-13 | DEF 14A | Proxy statement |
| 2026-03-31 | 10-K | Annual report |
| 2026-03-05 | 8-K | Earnings release |
| 2025-12-12 | 10-Q | Quarterly report |
| 2025-12-04 | 8-K | Earnings release |
| 2025-09-19 | 10-Q | Quarterly report |
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