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Ingles Markets, Incorporated (IMKTA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ingles Markets, Incorporated
NasdaqGS•Consumer Defensive•Grocery Stores
$82.68-0.07(<0.01%)After hours
Market Cap
$1.21B
P/E
11.6x
P/S
0.2x
P/B
0.7x

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the United States. 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. It also owns and operates a milk processing and packaging plant that supplies organic milk, fruit juices, and bottled water products to other retailers, food service distributors, and grocery warehouses. In addition, the company provides home meal replacement items, delicatessens, bakeries, floral departments, and greeting cards, as well as broad selections of local organic, beverage, and health-related items. It operates under the Ingles and Sav-Mor brand names. Ingles Markets, Incorporated was founded in 1963 and is headquartered in Asheville, North Carolina.

B

How this company scores

GoodMetricSide Score: 72/100

Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (12/25).

Profitability12/25
Growth15/25
Balance Sheet & Red Flags21/25
Cash & Earnings Quality24/25
Strengths
Rising free cash flowRising earningsLow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.6x5y range 3.7x – 16.1x
P/E 11.6x · above its 20-quarter median

Currently above its 20-quarter median.

P/S · 0.2x5y range 0.2x – 0.2x
P/S 0.2x · near its 20-quarter median

Currently near its 20-quarter median.

P/B · 0.7x5y range 0.6x – 1.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume
Market Cap $1.21B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$5.42B
1%
Q. Revenue
$1.37B
2%
TTM EBITDA
$264.25M
27%
TTM Op. Income
$143.12M
76%
Q. Op. Income
$34.48M
8%
TTM Net Income
$103.99M
84%
Q. Net Income
$25.90M
1%
EPS
$1.39
1%
Shares Out.
$14.55M
7Q
$5.42B in TTM revenue grew 1.0% YoY, reaching $1.37B last quarter. TTM EBITDA of $264.25M and TTM operating income of $143.12M show growth is flowing through to the bottom line. TTM net income of $103.99M means revenue is converting into profit. Over the past year, TTM revenue is up 1% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
24.3%
0%
EBITDA Margin
4.7%
2Q
Op. Margin
2.5%
2Q
Net Margin
1.9%
3%
Op. margin of 2.5% is down 0.3% YoY — costs are rising relative to revenue. Net margin at 1.9% and gross margin of 24.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
11.6x
28%
P/S Ratio
0.2x
31%
P/B Ratio
0.7x
25%
At 11.6x P/E, the stock trades below typical market levels. P/S of 0.2x and P/B of 0.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 28% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$2.63B
6Q
Cash
$455.09M
2Q
Long-Term Debt
$483.05M
7Q
Book Value
$1.68B
7Q
D/E Ratio
0.3
7Q
Debt/EBITDA
7.5
2%
With $2.63B in assets and $483.05M in long-term debt, D/E is 0.3and book value is $1.68B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$66.98M
10%
TTM Free Cash Flow
$149.58M
1714%
FCF Margin
2.8%
1695%
FCF / Net Income
1.4
884%
TTM FCF of $149.58M on $66.98M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 1714% — a weakening trend.

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· near its 20-quarter median

Currently near its 20-quarter median.

Revenue Decline

Watch

Revenue has softened, declining in 5 quarters. Watch for further erosion.