Kroger Co. (KR) intrinsic value & 10-year financials
Kroger Co. (KR) has a Graham intrinsic value of $2.98 per share. At $63.63 on Oct 17, 2026, the stock trades 2035% above that value. Over the last 10 fiscal years revenue grew 2.8% a year to $147.6B, with an average return on invested capital of 9.6%.
- Graham intrinsic value
- $2.98
- Share price (Oct 17, 2026)
- $63.63
- Price vs Graham value
- 2035% above
- Market cap
- $41.7B
- Revenue (FY2026)
- $147.6B
- Revenue growth (10-yr CAGR)
- 2.8%
- ROIC (10-yr avg)
- 9.6%
- Free cash flow (FY2026)
- $3.5B
KR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $147.6B | $1.0B | $1.54 | $3.5B | 1.3% | 5.9% |
| FY2025 | $147.1B | $2.7B | $3.67 | $1.8B | 2.6% | 10.8% |
| FY2024 | $150.0B | $2.2B | $2.96 | $2.9B | 2.1% | 8.3% |
| FY2023 | $148.3B | $2.2B | $3.06 | $1.4B | 2.8% | 11.4% |
| FY2022 | $137.9B | $1.7B | $2.17 | $3.6B | 2.5% | 10.2% |
| FY2021 | $132.5B | $2.6B | $3.27 | $4.0B | 2.1% | 7.6% |
| FY2020 | $122.3B | $1.7B | $2.04 | $1.5B | 1.8% | 7.3% |
| FY2019 | $121.2B | $3.1B | $3.76 | $1.2B | 2.2% | 10.6% |
| FY2018 | $122.7B | $1.9B | $2.09 | $604.0M | 1.7% | 11.3% |
| FY2017 | $115.3B | $2.0B | $2.05 | $573.0M | 3.0% | 12.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Kroger has demonstrated mature, steady growth, with revenue compounding at 2.8% annually over the past decade.
Kroger returns on capital have been average, hovering around 9.6% ROIC over the decade.
Over the decade, Kroger shows that management has aggressively returned capital to shareholders by retiring 31.6% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Kroger is modeled at -3.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.98 per share.