# Ingles Markets, Incorporated (IMKTA)

> Source: Nexqual · https://nexqual.com/IMKTA · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Ingles Markets, Incorporated (IMKTA), nexqual.com/IMKTA" · informational, not investment advice.

**Price:** USD 88.75 (+4.24% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 85.14 · day 85–88.84 · 52w 67.11–95.62 · market cap $1.69B · NMS

## Key facts
- Last four reported quarters (through Jun 27, 2026): revenue $5.42B, net income $104M (1.9% margin), free cash flow $150M (SEC filings).
- Valuation: P/E 16.2x, EV/EBITDA 6.6x, net debt $45.4M.
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $44K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: None.
- Total return with dividends: 1Y +23.2% vs S&P 500 +14.9%; 5Y +37.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-25, EPS estimate USD —, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.99B | $5.68B | $5.89B | $5.64B | $5.33B | $5.42B |
| Gross profit | $1.30B | $1.42B | $1.40B | $1.30B | $1.27B | — |
| Operating income | $350M | $377M | $292M | $147M | $118M | $143M |
| Net income | $250M | $273M | $211M | $106M | $83.6M | $104M |
| Free cash flow | $166M | $220M | $92.8M | $51.7M | $39.6M | $150M |
| Gross margin | 26.1% | 24.9% | 23.8% | 23.0% | 23.9% | — |
| Operating margin | 7.0% | 6.6% | 5.0% | 2.6% | 2.2% | 2.6% |
| Net margin | 5.0% | 4.8% | 3.6% | 1.9% | 1.6% | 1.9% |
| Revenue growth | +8.2% | +13.9% | +3.8% | -4.3% | -5.4% | — |
| Cash + short-term investments | $75.3M | — | — | $354M | $366M | — |
| Total debt | $590M | $572M | $550M | $533M | $515M | — |
Fiscal years end Sep. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 27, 2026)
P/E 16.2x · P/S 0.3x · EV/EBITDA 6.6x · EV/Sales 0.3x · P/FCF 11.3x · P/B 1.0x · FCF yield 8.87% · Earnings yield 6.17% · Dividend yield (paid, TTM) 0.73% · Net debt $45.4M · EV $1.73B

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $44K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-20 | Jacobs Dwight L. | Director | 500 | $44K | 88.07 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +23.2% | +37.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +23.3% | +6.6% |
| Volatility (annualized) | 25.2% | 25.5% |
| Max drawdown | -15.2% (Apr 2026→Sep 2026) | -39.2% (Nov 2022→May 2025) |

## Peers (Grocery Stores)
WMK (Weis Markets, Inc.) USD 80.29 +5.83% · GO (Grocery Outlet Holding Corp.) USD 13.9 +5.70% · YSWY (Yesway, Inc.) USD 24.51 +5.35% · NGVC (Natural Grocers by Vitamin Cott) USD 32.37 +7.65% · VLGEA (Village Super Market, Inc.) USD 45.62 +5.12% · DNUT (Krispy Kreme, Inc.) USD 2.95 +2.43%

## More
Full page: https://nexqual.com/IMKTA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in IMKTA's own 10-K filed 2025-11-26 (https://www.sec.gov/Archives/edgar/data/50493/000005049325000019/imkt-20250927x10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Kroger (KR) | "competitors are, in alphabetical order, Aldi, Inc., Earth Fare, Inc., Food City (K-VA-T Food Stores, Inc.), Food Lion (Koninlijke Ahold Delhaize America N.V.), The Fresh Market, Inc., Harris Teeter (owned by The Kroger C…" |
| Competitor | Target (TGT) | "competitors are, in alphabetical order, Aldi, Inc., Earth Fare, Inc., Food City (K-VA-T Food Stores, Inc.), Food Lion (Koninlijke Ahold Delhaize America N.V.), The Fresh Market, Inc., Harris Teeter (owned by The Kroger C…" |

## Company outlook (8-K filed 2026-08-06)

- "Capital expenditures for the entire fiscal year 2026 are expected to be approximately $120 million to $130 million."
- "At June 27, 2026, three of the four stores temporarily closed due to damage sustained in Hurricane Helene remained closed but are expected to reopen at various times in 2026 and 2027."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2020-09-30) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2027-02-19 (includes earnings 2026-11-25): ±12.1%; earnings reaction alone ±2.4%; last 8 reports averaged ±2.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 25.9% | ±6.0% |
| 2027-02-19 | 119 | 26.4% | ±12.1% |
| 2027-05-21 | 210 | 28.0% | ±16.9% |