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NASDAQ NMS - GLOBAL MARKET · Retail · CIK 0000050493
$88.75
+4.24% · live
Updated
$1.69B market value
From INGLES MARKETS INC's FY2025 10-K, filed Nov 26, 2025 · read the filing
INGLES MARKETS runs grocery stores. It took in $5.33B last year, which makes it a mid-sized company. Of every dollar it sells, about 2 cents is left as profit.
The financial picture is led by debt, with profitability worth watching, while growth remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From INGLES MARKETS INC's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Capital spending
$210.9M → $114.5M
Operating income
$147.1M → $117.6M
Profit
$105.5M → $83.6M
Free cash flow
$51.7M → $39.6M
Measured against FY2024, from the 10-K filed Nov 26, 2025
Changed: -45.7%
$210.9M to $114.5MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Deteriorated: -20.1%
$147.1M to $117.6MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
How the latest move compares (quote live), and what was published around it
IMKTA rose 4.24% on the latest quote. The average Consumer Staples company tracked here moved +4.05%, and the S&P 500 −1.04%. That is in line with its sector and 5.3 points above the market.
No filing from IMKTA and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 9 analysts covering this company, as of . Their views, not this site's.
Of 9 analysts publishing on this company, 3 say strong buy, 5 say buy and 1 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 2 cents of every dollar of sales as profit, earning $83.6M last year.
No. Sales shrank 5.4% last year.
No. Its borrowings would take under a year of cash flow to clear. For every $1 it owes, it owns $2.70 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 15 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 8% of the cash its operations generated. It has paid in each of the last 12 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $83.6M and generated $154.1M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Nov 26, 2025Filing for FY2025 | FY202410-K · Dec 27, 2024Filing for FY2024 | FY202310-K · Nov 29, 2023Filing for FY2023 | FY202210-K · Dec 27, 2024Filing for FY2022 | FY202110-K · Nov 29, 2023Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $5.33B | $5.64B | $5.89B | $5.68B | $4.99B | −5.4% |
| Cost of revenue | $4.06B | $4.34B | $4.49B | $4.26B | $3.68B | −6.4% |
| Gross profit | $1.27B | $1.30B | $1.40B | $1.42B | $1.30B | −2.0% |
| Gross marginGross profit ÷ revenueWhat is this? | 23.9% | 23.0% | 23.8% | 24.9% | 26.1% | +0.8 pts |
| Operating income | $117.6M | $147.1M | $292.3M | $376.9M | $350.1M | −20.1% |
| Operating marginOperating income ÷ revenueWhat is this? | 2.2% | 2.6% | 5.0% | 6.6% | 7.0% | −0.4 pts |
| Interest expense | $19.7M | $21.9M | $22.1M | $21.5M | $24.3M | −9.8% |
| Income before tax | $109.9M | $139.5M | $278.5M | $361.3M | $327.6M | −21.2% |
| Net income | $83.6M | $105.5M | $210.8M | $272.8M | $249.7M | −20.8% |
| Net marginNet income ÷ revenueWhat is this? | 1.6% | 1.9% | 3.6% | 4.8% | 5.0% | −0.3 pts |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Had a director or senior officer leave or join · Amended its charter or changed its financial year · Reported another event
Read the filingQuarterly report for Q3 FY2026
Cash +35.4% · Operating income -7.7% — against Q3 FY2025
Read the filingWrite down why you are following INGLES MARKETS INC, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from IMKTA's 10-K for fiscal year 2025 (period ending 2025-09-27, filed Nov 26, 2025), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 6.0 | 6/8 | 10-K, filed Nov 26, 2025 |
| FY2024 | 6.0 | 5/8 | 10-K, filed Dec 27, 2024 |
| FY2023 | 7.3 | 5/8 | 10-K, filed Nov 29, 2023 |
| FY2022 | 7.3 | 7/8 | 10-K, filed Nov 23, 2022 |
| FY2021 | 7.3 | 8/8 | 10-K, filed Nov 24, 2021 |
| FY2020 | 7.3 | 7/8 | 10-K, filed Dec 8, 2020 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
5.86
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: -20.8%
$105.5M to $83.6MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: -23.4%
$51.7M to $39.6MSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: -5.4%
$5.64B to $5.33BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Q3 FY2026 against Q3 FY2025, from the 10-Q filed Aug 6, 2026 — read it.
Improved: +35.4%
$336.1M to $455.1MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: -7.7%
$37.3M to $34.5MNotable
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Q3 FY2026 against Q2 FY2026, from the 10-Q filed Aug 6, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +6.7%
$24.3M to $25.9MNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +8.9%
$418.0M to $455.1MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
7 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 6.1% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 16.1x — investors pay $16.1 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
Published results · Made a Regulation FD disclosure
Had a director or senior officer leave or join
Read the filingQuarterly report for Q2 FY2026
Operating margin +1.0 pts · Operating income +59.3% · Profit +60.6% — against Q2 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingAmended its charter or changed its financial year · Held a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +6.6% · Operating margin +1.0 pts · Operating income +66.0% — against Q1 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingAnnual report for FY2025
Revenue -5.4% · Capital spending -45.7% · Operating income -20.1% — against FY2024
Read the filingAnnual report for FY2025
Revenue -5.4% · Capital spending -45.7% · Operating income -20.1% — against FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingAmended its charter or changed its financial year
Read the filingQuarterly report for Q3 FY2025
Operating income -15.4% · Profit -17.4% · Cash -5.3% — against Q3 FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingQuarterly report for Q2 FY2025
Operating margin −1.7 pts · Operating income -51.7% · Profit -52.6% — against Q2 FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingHeld a shareholder vote
Read the filingWhat Ingles Markets (IMKT.A)'s Proxy Fight Board Win Means For Shareholders
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Primary sources and further research