Albertsons

ACI · NYSE · Consumer Staples · Financials, fiscal 2016 to 2025

ACI · Last close · October 26, 2026

$13.98

Albertsons' revenue rose 3.5% to $83.2 billion in fiscal 2025. Its operating margin was 0.9%, down from 1.9% a year earlier. Free cash flow was $527 million, down 29.6%. It paid out $1.8 billion in dividends and buybacks, 342% of free cash flow. The diluted share count fell 6.3%.

Albertsons Companies, Inc. Latest fiscal year ended February 28, 2026 10-K filed April 27, 2026 · 0001646972-26-000032 Updated October 20, 2026

Revenue

$83.2B

3.5%

Operating margin

0.9%

1.0 pts

Net income

$217M

77.3%

Free cash flow

$527M

29.6%

Return on capital

5.5%

6.7 pts

Market cap

$6.8B

Oct 26 close

P/E

—

Loss: no P/E

Operating margin is operating income as a share of revenue. Free cash flow is cash from operations minus capital spending. Return on capital is after-tax operating income as a share of the money invested in the business: debt plus equity, minus cash. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

What Albertsons does

Albertsons is a food and drug retailer. As of February 28, 2026, it ran 2,244 supermarkets in 35 states and the District of Columbia under 22 banners (store names), including Albertsons, Safeway, Vons, Jewel-Osco and Shaw's, and had about 280,000 employees. Stores sell groceries, general merchandise, health and beauty items, pharmacy products, vaccines and fuel, in stores and online through delivery and curbside pickup.

Albertsons makes money by selling these goods and services to shoppers. It reports one segment, because its geographic divisions have similar economics and sell the same general mix of products. It also sells its own store brands, such as Signature SELECT and O Organics, which had retail sales of $16.9 billion in fiscal 2025. Only 9.9% of those products were made in its own plants; the rest are bought from other makers. It calls competition in its industry intense.

Beyond the stores, it operated 1,713 in-store pharmacies, 405 fuel centers, 22 distribution centers and 19 food production plants. Delivery orders are placed through its own platform and through partners such as Instacart, DoorDash and Uber. It uses loyalty-program data to personalize offers.

Its biggest risks, as it describes them

Intense competition in food and drug retail that could hurt its sales and profits.
Labor disputes or work stoppages, since a significant majority of its employees are unionized.
Failing to respond to changing shopper habits, including how people use digital and AI-driven tools.
Changes in the healthcare industry and the risks of running pharmacies.
Supply disruptions for products, especially fresh food, and food safety problems.

From Albertsons's annual report on Form 10-K, filed April 27, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new 10-K.

Charts show fiscal years, from the 10-K filings.

Revenue and margins

Revenue

US$ billions, fiscal years

Margins

Percent of revenue

GrossOperatingNetFree cash flow

Net income and earnings per share

From fiscal 2017 to 2025, earnings per share grew 22.3% a year and net income 21.3% a year, as buybacks cut the share count by 6%.

Net income

US$ billions, fiscal years; loss years in red.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red. Where the filings' structured data doesn't give a year's earnings per share, the column is blank.

Returns on capital

Return on capital and on equity

Percent. Return on capital is after-tax operating income over the money invested in the business (debt plus equity, minus cash); return on equity is net income over shareholders' equity. Both use the average of opening and closing balances.

Return on capitalReturn on equity

Cash flow

Free cash flow

US$ billions. Cash from operations minus capital expenditure; negative years in red.

Payouts and share count

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Valuation

Two ways to value Albertsons yourself, both starting from its filings: a discounted cash flow model and the price-to-earnings method.

Discounted cash flow (DCF)

A discounted cash flow (DCF) model values a business as the cash it may generate in future, discounted back to today. The starting figures come from Albertsons' 10-K (or, for net cash and shares, its latest 10-Q) and the assumptions are yours: start from one of three example scenarios, then change any figure to see what it implies for a share, and how that compares with the last share price.

Value per share on three example scenarios, from Albertsons' fiscal 2025 free cash flow of $527M, net cash of −$8.7B at February 28, 2026 and 547 million diluted shares, from its filings. The scenarios are fitted to Albertsons: the base scenario's growth in years 1 to 5 is its revenue growth over the last 3 years, 2.3% a year; the cautious and optimistic ones are lower and higher, and growth in years 6 to 10 is halfway to the long-run rate. The base scenario's discount rate is 8%: 7% for a stable business (Food Retail), plus 1 point as a smaller company, worth $6.8B; the cautious and optimistic ones use a point more and a point less. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target. A negative value means Albertsons' net debt is larger than what that scenario's cash flows are worth today.

From the filings

Starting free cash flow, US$ millions

Cash from operations minus capital spending in fiscal 2025.

Net cash, US$ millions

Cash and short-term investments minus debt and finance leases at February 28, 2026. Negative means net debt.

Diluted shares, millions

Weighted-average diluted shares in fiscal 2025.

Your assumptions

Start from

Fitted to Albertsons's own revenue growth, as above. Cautious: growth of 0.5% then 1% a year, 2% after year 10, a 9% discount rate. Base: growth of 2.5% then 2.5% a year, 2.5% after year 10, a 8% discount rate. Optimistic: growth of 4.5% then 4% a year, 3% after year 10, a 7% discount rate.

Free cash flow growth, years 1 to 5 (% a year)

Free cash flow growth, years 6 to 10 (% a year)

Growth after year 10 (% a year)Long-run growth forever after year 10. Usually close to inflation, and always below the discount rate.

Discount rate (% a year)The yearly return an investor wants for the risk. A higher rate gives a lower value.

Value per share on these assumptions

—

Last close, October 26, 2026: $13.98
Value on these assumptions, against the last close: —

Cash flows in years 1 to 10, valued today: —
Everything after year 10, valued today: —
Plus net cash: —
Share of value from after year 10: —

Projected free cash flow

US$ billions. Each column is one year's projected free cash flow, split into what it is worth today and the part removed by discounting.

Value todayRemoved by discounting

How the value changes with two assumptions

Value per share in US$, with the growth rates above. The highlighted cell matches the current assumptions.

How the model works. Free cash flow grows at the first rate for five years and the second rate for five more, and each year is discounted at the discount rate. Everything after year 10 is valued as year-10 cash flow × (1 + growth after year 10) ÷ (discount rate − growth after year 10), discounted back ten years. Net cash is added and the total is divided by diluted shares. The result depends entirely on the assumptions. It is not a forecast, a price target or a recommendation. The last close is the consolidated US closing price, from Databento.

Price-to-earnings (P/E) method

Another common way to value a company is to multiply its earnings per share by a price-to-earnings (P/E) multiple: the number of years of today's earnings an investor pays for a share. A higher multiple usually means investors expect earnings to grow. Choose a multiple, for example from similar companies, to see the value it gives.

The P/E method needs positive earnings, and Albertsons' latest diluted earnings per share were negative or zero.

Balance sheet

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Cash and short-term investments	2.9	0.5	0.2	0.3	0.2
Debt incl. finance leases	8.0	8.9	8.1	7.8	8.9
Net debt (negative means net cash)	5.1	8.5	7.9	7.5	8.7
Net debt to EBITDA	1.2x	2.0x	2.0x	2.2x	3.3x
Debt to equity	2.6x	5.5x	2.9x	2.3x	4.9x
Interest coverage	6.1x	5.7x	4.6x	3.7x	1.6x
Current ratio	1.0x	0.7x	0.8x	0.9x	0.9x
Quick ratio	0.5x	0.2x	0.2x	0.2x	0.2x

US$ billions unless stated, at each fiscal year end. Net debt to EBITDA is debt minus cash, divided by operating income before depreciation and amortization: roughly how many years of those earnings the net debt equals. Debt to equity is debt as a multiple of shareholders' equity. Interest coverage is operating income divided by interest expense. The current ratio is current assets over current liabilities; the quick ratio leaves out inventory.

Insider trades

Over the 12 months between October 27, 2025 and October 26, 2026, 3 insiders bought $2.5 million of Albertsons shares on the open market, and 3 insiders sold $2.3 million.

Date	Insider	Trade	Shares	Price	Value	Filing
Jul 31, 2026	Sharon McCollamPresident & CFO	Bought	9,000	$11.48	$103,320	Form 4
Jul 28, 2026	Susan MorrisChief Executive Officer, Director	Bought	39,409	$11.42	$450,097	Form 4
Jul 27, 2026	Thomas M MoriartyEVP, M&A and Corporate Affairs	Bought	170,500	$11.51	$2.0 million	Form 4
May 6, 2026	Robert Bruce LarsonSVP & Chief Accounting Officer	Sold	44,363	$16.02	$710,726	Form 4
Apr 29, 2026	Evan RainwaterEVP, Supp. Chain, Mfg. & Sourc	Sold	46,168	$16.49	$761,502	Form 4
Jan 14, 2026	Michael T TheilmannEVP & Chief HR Officer	Sold	49,000	$17.63	$863,856	Form 4

Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Piotroski F-score

The F-score counts how many of nine simple tests of profitability, funding and efficiency a company passed in a year (Piotroski, 2000). The more tests passed, the stronger the year: 8 or 9 is strong, 0 to 2 weak. Companies that report no gross profit are scored on the other eight.

Test	FY23	FY24	FY25
Net income is positive	Pass	Pass	Pass
Cash from operations is positive	Pass	Pass	Pass
Return on assets rose	Fail	Fail	Fail
Cash from operations exceeds net income	Pass	Pass	Pass
Debt fell relative to assets	Pass	Pass	Fail
Current ratio rose	Pass	Pass	Fail
Share count didn't rise	Fail	Fail	Pass
Gross margin rose	Fail	Fail	Fail
Revenue rose relative to assets	Pass	Pass	Pass
F-score	6 of 9	6 of 9	5 of 9
Accruals ratio	−5.2%	−6.5%	−8.0%

The accruals ratio is net income minus cash from operations, over average total assets.

Compare

Put Albertsons side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Operating margin	Free cash flow margin	Return on capital	Net debt to EBITDA	F-score	Compare
Albertsons	FY25	3.5%	0.9%	0.6%	5.5%	3.3x	5
Kroger	FY25	0.3%	1.3%	2.3%	7.6%	2.7x	4	Compare
United Natural Foods	FY26	−2.0%	0.7%	1.0%	5.3%	3.0x	6	Compare
Casey's	FY26	10.2%	—	4.1%	13.6%	1.3x	7	Compare
Sprouts Farmers Market	FY25	14.1%	7.8%	5.3%	46.9%	−0.3x	7	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly. Free cash flow margin is free cash flow as a share of revenue. Net debt to EBITDA is explained under the balance sheet, and the F-score above.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	59.7	59.9	60.5	62.5	69.7	71.9	77.6	79.2	80.4	83.2
Revenue growth	1.6%	0.4%	1.0%	3.2%	11.6%	3.1%	8.0%	2.0%	1.5%	3.5%
Gross profit	16.6	16.4	16.9	17.6	20.4	20.7	21.8	22.0	22.3	22.6
Research and development	—	—	—	—	—	—	—	—	—	—
Operating income	0.6	−0.1	0.8	1.4	1.6	2.4	2.3	2.1	1.5	0.7
Net income	−0.4	0.0	0.1	0.5	0.9	1.6	1.5	1.3	1.0	0.2
Diluted EPS (US$)	—	0.08	0.23	0.80	1.47	2.70	2.27	2.23	1.64	0.40
Diluted shares (millions)	—	580	581	580	578	475	534	581	584	547
Cash flow
Cash from operations	1.8	1.0	1.7	1.9	3.9	3.5	2.9	2.7	2.7	2.4
Capital expenditure	1.4	1.5	1.3	1.5	1.6	1.6	2.2	2.0	1.9	1.8
Free cash flow	0.4	−0.5	0.3	0.4	2.3	1.9	0.7	0.6	0.7	0.5
Dividends paid	0.0	0.0	0.0	0.0	0.1	0.2	0.3	0.3	0.3	0.3
Share buybacks	0.0	0.0	0.0	0.0	1.9	0.0	0.0	0.0	0.1	1.5
Acquisitions	0.2	0.1	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0
Stock-based compensation	0.1	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1
Balance sheet at fiscal year end
Cash and short-term investments	1.2	0.7	0.9	0.5	1.7	2.9	0.5	0.2	0.3	0.2
Debt incl. finance leases	11.4	11.0	10.6	8.7	8.3	8.0	8.9	8.1	7.8	8.9
Total assets	23.8	21.8	20.8	24.7	26.6	28.1	26.2	26.2	26.8	26.8
Total liabilities	—	20.4	19.3	22.5	25.3	25.1	24.6	23.5	23.4	24.9
Shareholders' equity	—	1.4	1.5	2.3	1.3	3.0	1.6	2.7	3.4	1.8
Margins and ratios
Gross margin	27.9%	27.3%	27.9%	28.2%	29.3%	28.8%	28.0%	27.8%	27.7%	27.2%
Operating margin	1.0%	−0.1%	1.3%	2.3%	2.3%	3.4%	3.0%	2.6%	1.9%	0.9%
Net margin	−0.6%	0.1%	0.2%	0.8%	1.2%	2.2%	1.9%	1.6%	1.2%	0.3%
Free cash flow margin	0.7%	−0.8%	0.6%	0.7%	3.2%	2.6%	0.9%	0.8%	0.9%	0.6%
Return on capital	—	—	6.9%	10.3%	13.2%	23.5%	19.9%	16.3%	12.2%	5.5%
Return on equity	—	—	9.2%	25.0%	47.2%	74.5%	65.3%	59.5%	31.3%	8.3%
Return on assets	—	0.2%	0.6%	2.0%	3.3%	5.9%	5.6%	5.0%	3.6%	0.8%
Net debt to EBITDA	4.3x	6.0x	4.0x	2.6x	2.1x	1.2x	2.0x	2.0x	2.2x	3.3x

US$ billions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Albertsons' Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Albertsons.