Ingles Markets Inc. (IMKTA) intrinsic value & 10-year financials

Ingles Markets Inc. (IMKTA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 3.9% a year to $5.3B, with an average return on invested capital of 10.4%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$86.45
Revenue (FY2025)
$5.3B
Revenue growth (10-yr CAGR)
3.9%
ROIC (10-yr avg)
10.4%
Free cash flow (FY2025)
$39.6M

IMKTA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $5.3B $83.6M — $39.6M 2.2% 5.1%
FY2024 $5.6B $105.5M — $51.7M 2.6% 6.4%
FY2023 $5.9B $210.8M — $92.8M 5.0% 13.3%
FY2022 $5.7B $272.8M — $219.9M 6.6% 18.2%
FY2021 $5.0B $249.7M — $165.7M 7.0% 17.8%
FY2020 $4.6B $178.6M — $227.3M 6.1% 14.6%
FY2019 $4.2B $81.6M — $49.8M 3.6% 8.0%
FY2018 $4.1B $97.4M — $10.8M 3.0% 8.9%
FY2017 $4.0B $53.9M — $28.6M 3.2% 6.0%
FY2016 $3.8B $54.2M — $21.4M 3.4% 6.1%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

INGLES MARKETS INC has demonstrated mature, steady growth, with revenue compounding at 3.9% annually over the past decade.

INGLES MARKETS INC returns on capital have been average, hovering around 10.4% ROIC over the decade.

INGLES MARKETS INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, INGLES MARKETS INC is modeled at 3.9% normalized earnings growth with a 5.1% bond-yield adjustment.

IMKTA stock: frequently asked questions

How fast has Ingles Markets Inc. grown?

Revenue went from $3.8B in fiscal 2016 to $5.3B in fiscal 2025, a compound annual growth rate of 3.9%. Net income was $83.6M in fiscal 2025.

Does Ingles Markets Inc. generate free cash flow?

Ingles Markets Inc. generated $39.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is IMKTA's return on invested capital?

Average ROIC over the last 10 fiscal years was 10.4%, and average return on equity was 15.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this IMKTA data come from?

From Ingles Markets Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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