Kroger
KR · NYSERetail-Grocery Stores · Fiscal year ends Jan 30
Kroger reported revenue of $148B in the fiscal year ended Jan 2026, up 0.4% from the year before. Operating income was $1.9B, an operating margin of 1.3%, and net income was $1B. Operating cash flow of $7.3B less capital expenditure of $3.9B left free cash flow of $3.5B. Net debt was $12.5B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $138B | $148B | $150B | $147B | $148B |
| Operating income | $3.5B | $4.1B | $3.1B | $3.8B | $1.9B |
| Interest expense | $571M | $535M | $441M | – | – |
| Pre-tax income | $2.1B | $2.9B | $2.8B | $3.3B | $1.2B |
| Income tax | $385M | $653M | $667M | $670M | $176M |
| Net income | $1.7B | $2.2B | $2.2B | $2.7B | $1B |
| Diluted EPS | 2.17 | 3.06 | 2.96 | 3.67 | 1.54 |
| Diluted shares | 754M | 727M | 725M | 720M | 655M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.8B | $1B | $1.9B | $4B | $3.3B |
| Receivables | $1.8B | $2.2B | $2.1B | $2.2B | $2.2B |
| Current assets | $12.2B | $12.7B | $12.9B | $15.3B | $14.5B |
| Goodwill | $3.1B | $2.9B | $2.9B | $2.7B | $2.6B |
| Total assets | $49.1B | $49.6B | $50.5B | $52.6B | $50B |
| Payables | – | – | $10.4B | $10.1B | $10.5B |
| Deferred revenue | $185M | $200M | $228M | $256M | $286M |
| Current liabilities | $16.3B | $17.2B | $16.1B | $15.9B | $18.1B |
| Short-term debt | $451M | $1.2B | $25M | $104M | $1.4B |
| Long-term debt | $11.3B | $10.1B | $10.2B | $15.8B | $14.5B |
| Total liabilities | $39.7B | $39.6B | $38.9B | $44.3B | $44B |
| Shareholders' equity | $9.5B | $10B | $11.6B | $8.3B | $5.9B |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $6.2B | $4.5B | $6.8B | $5.8B | $7.3B |
| Capital expenditure | $2.6B | $3.1B | $3.9B | $4B | $3.9B |
| Free cash flow | $3.6B | $1.4B | $2.9B | $1.8B | $3.5B |
| Depreciation & amortisation | $2.8B | $3B | $3.1B | $3.2B | $3.3B |
| Stock-based compensation | $203M | $190M | $172M | $175M | $157M |
| Share buybacks | $1.6B | $993M | $62M | $4.2B | $2.7B |
| Dividends paid | $589M | $682M | $796M | $883M | $885M |
| Dividend per share | 0.81 | 0.99 | 1.13 | 1.25 | 1.37 |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 7.5% | 1.2% | −1.9% | 0.4% |
| Operating income growth (YoY) | – | 18.7% | −25.0% | 24.3% | −50.9% |
| EPS growth (YoY) | – | 41.0% | −3.3% | 24.0% | −58.0% |
| Operating margin | 2.5% | 2.8% | 2.1% | 2.6% | 1.3% |
| Net margin | 1.2% | 1.5% | 1.4% | 1.8% | 0.7% |
| Return on equityBlank when equity is negative | 17.5% | 22.3% | 18.6% | 32.2% | 17.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 10.6% | 12.7% | 9.0% | 10.5% | 5.9% |
| Free cash flow margin | 2.6% | 1.0% | 1.9% | 1.2% | 2.3% |
| Cash conversion (CFO ÷ net income) | 3.74x | 2.00x | 3.14x | 2.17x | 7.20x |
| Receivable days | 5 | 5 | 5 | 5 | 5 |
| Interest cover | 6.09x | 7.71x | 7.02x | – | – |
| Debt ÷ equity | 1.24x | 1.12x | 0.88x | 1.92x | 2.68x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $9.9B | $10.3B | $8.3B | $12B | $12.5B |
| Current ratio | 0.75x | 0.74x | 0.81x | 0.96x | 0.80x |
Recent filings
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.