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Kroger key statistics and ratios

In fiscal 2026, Kroger had return on equity of 14.3%, an operating margin of 1.3%, debt equal to 267.8% of equity and a current ratio of 0.80. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Jan 20102011Jan 20112012Jan 20122013Feb 20132014Feb 20142015Jan 20152016Jan 20162017Jan 20172018Feb 20182019Feb 20192020Feb 20202021Jan 20212022Jan 20222023Jan 20232024Feb 20242025Feb 20252026Jan 2026LTMAug 2026
Gross margin23.2%22.2%20.8%———————————————
Operating margin1.4%2.7%1.4%2.9%2.8%2.9%3.3%3.0%2.1%2.1%1.8%2.1%2.5%2.8%2.1%2.6%1.3%1.4%
Net margin0.1%1.4%0.7%1.5%1.5%1.6%1.9%1.7%1.5%2.6%1.4%2.0%1.2%1.5%1.4%1.8%0.7%0.7%
Free-cash-flow margin0.8%1.8%0.8%0.9%1.3%1.3%1.4%0.5%0.5%1.0%1.3%3.0%2.6%1.0%1.9%1.2%2.3%1.6%
Return on equity1.4%22.0%13.0%36.6%31.7%32.0%33.3%29.2%28.0%42.0%20.1%28.4%17.4%23.0%20.0%26.8%14.3%18.4%
Return on assets0.3%4.8%2.6%6.2%5.6%5.8%6.3%5.6%5.2%8.3%4.0%5.5%3.4%4.5%4.3%5.2%2.0%2.2%
Asset turnover3.313.523.844.023.653.633.413.283.353.242.932.822.823.003.002.852.883.00
Current ratio0.970.940.800.720.820.780.760.800.780.760.760.810.750.730.810.960.800.70
Debt to equity164.9%147.9%204.5%211.0%210.1%214.3%177.1%210.2%224.9%193.1%154.1%129.6%124.3%112.4%87.7%192.0%267.8%263.1%
Interest cover (operating income ÷ interest)2.2x4.9x2.9x6.0x6.2x6.4x7.4x6.6x4.3x4.2x3.7x5.1x6.1x7.7x7.0x———
Effective tax rate90.3%34.7%29.3%34.5%32.9%34.1%33.8%32.8%−27.3%22.6%23.7%23.2%18.8%22.5%23.5%20.0%14.7%18.7%
Capital spending as % of revenue3.0%2.3%2.1%2.1%2.4%2.6%3.0%3.2%2.3%2.4%2.6%2.2%1.9%2.1%2.6%2.7%2.6%2.9%
Free cash flow ÷ net income892.9%129.7%126.2%59.6%81.8%80.1%76.9%29.0%31.7%38.5%92.6%152.8%216.1%63.3%133.3%66.7%340.2%219.7%
Dividends ÷ net income340.0%22.4%42.7%17.8%21.0%19.6%18.9%21.7%23.2%14.1%29.3%20.7%35.6%30.4%36.8%33.1%87.1%82.4%
Dividends and buybacks ÷ free cash flow73.0%54.9%237.4%171.3%74.7%117.1%69.4%383.1%343.7%204.4%61.9%47.0%62.5%118.0%29.8%283.6%103.7%195.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 6 checks passed · August 15, 2026
What it owns · $49.5bn
Short-term assets $12.9bnLonger-term assets $36.6bn
What it owes, and who funded it · $49.5bn
Short-term liabilities $18.4bnLonger-term liabilities $25.2bnShareholders' equity $5.8bn
  • Short-term assets cover short-term liabilities $12.9bn of assets due within a year against $18.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $12.9bn short-term assets against $25.2bn of longer-dated liabilities.
  • More cash than debt $1.7bn of cash against $15.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 263% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 119% to 263% over five years.
  • A year's operating cash flow covers at least 20% of debt $6.7bn of operating cash flow against $15.4bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Kroger's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

56 /100

Moderate moat

How hard Kroger's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 5 / 20

    Net income has been a median 4.6% of total assets over 10 years.

  • Durability 9 / 20

    Operating margin has been a median 2.3%; its worst year was 1.4%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 10 of 10 years, at a median 1.4% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 17.7% over five years; stock-based pay has been a median 0.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: ACI vs KRCASY vs KRKR vs SFM

More: Food Retail stocks compared, Consumer Staples sector, rankings of US companies

Figures from Kroger's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Kroger.