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Ingles Markets, Incorporated

IMKTAConsumer DefensiveNASDAQ

Grocery Stores

PriceMA150MA200
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Financials · Annual
Revenue
$5.33B
-5.4% YoY
Net Income
$83.6M
-20.8% YoY
EBITDA
$252.5M
-10.8% YoY
Free Cash Flow
$127.3M

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About Ingles Markets, Incorporated

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the United States. The $1.68B market capitalization puts IMKTA squarely in small-cap range for its industry. The company offers food products, such as grocery, meat, and dairy products, produce, frozen food, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items, organic, and locally sourced items.

Key stats
Market Cap$1.68B
P/E (TTM)16.14
Fwd P/E18.85
EPS$5.49
Beta0.62
52W Change+46.2%
Dividend Yield0.75%
ROE6.5%
Analysis

The company holds $8.9M in cash, though total debt stands at $647.8M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $127.3M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 6.5% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.6% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $5.68B (2022) to $5.33B (2025).

With a beta below 0.7, Ingles Markets, Incorporated typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Ingles Markets, Incorporated's trajectory.

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IMKTA — Ingles Markets, Incorporated Technical Analysis | Scanance