Is the business good?
How good a business is IMKTA?
Ingles Markets, Incorporated earns 6.6% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
6.6%
Return on invested capital · cost of capital 9.0% · 2.4 points below what the capital costs: growth destroys value
- Operating margin
- 2.7%
Operating margin · Grocery Stores median 2.5% · 12 months to Q2 2026
- Cash conversion
- 1.45×
Cash conversion · 0.35× a year ago · every dollar of reported profit arrived as cash, and more
- Gross margin
- 25%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 6.1% |
| FY2021 | 7.0% |
| FY2022 | 6.6% |
| FY2023 | 5.0% |
| FY2024 | 2.6% |
| FY2025 | 2.2% |
Details›
- Gross margin12 months to Q2 2026
- 25%
- Operating margin12 months to Q2 2026
- 2.7%
- Net margin12 months to Q2 2026
- 1.9%
- Free cash flow margin
- 2.8%
- Revenue, trailing twelve months
- $5.40B
- Free cash flow, trailing twelve months
- $151M
- Net income, trailing twelve months
- $104M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 6.6%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Grocery Stores
Ranks #1 of 4 by Smart Score