Kroger vs United Natural Foods
Kroger reported revenue of $147.6 billion in fiscal 2025, 4.7 times United Natural Foods' $31.2 billion in fiscal 2026. Kroger's revenue grew 0.3% in its latest year, and United Natural Foods' fell 2.0%. Kroger had an operating margin of 1.3%, against 0.7% at United Natural Foods. Free cash flow was $3.5 billion at Kroger and $323 million at United Natural Foods. Their fiscal years end in different months (January 31 and August 1), so the periods don't line up exactly.
Side by side
| Kroger | United Natural Foods | |
|---|---|---|
| Latest fiscal year | FY2025, Jan 31, 2026 | FY2026, Aug 1, 2026 |
| Revenue | $147.6B | $31.2B |
| Revenue growth | 0.3% | −2.0% |
| Revenue growth a year, last 5 years | 2.2% | 2.9% |
| Gross margin | — | 13.5% |
| Operating margin | 1.3% | 0.7% |
| Net margin | 0.7% | 0.3% |
| Free cash flow | $3.5B | $323M |
| Free cash flow margin | 2.3% | 1.0% |
| Return on capital | 7.6% | 5.3% |
| Net debt to EBITDA | 2.7x | 3.0x |
| Dividends and buybacks | $3.6B | $50M |
| Change in diluted share count | −9.0% | 4.3% |
| Last close | $66.77 | $48.25 |
| P/E at the last close | 37.1× | 36.0× |
| Insider trades, last 12 months | sold $6.2 million | bought $573,000, sold $1.2 million |
| Piotroski F-score | 4 of 8 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
KrogerUnited Natural Foods
Operating margin
Percent of revenue
KrogerUnited Natural Foods
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
KrogerUnited Natural Foods
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Kroger and United Natural Foods pages.