Kroger vs Sprouts Farmers Market
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The short version
- Kroger is the larger business, with $147.6B of revenue in fiscal 2025 against $8.8B for Sprouts Farmers Market, about 17 times as much.
- Sprouts Farmers Market grew revenue faster (14.1%, against 0.4%).
- Sprouts Farmers Market kept more of each dollar of sales as operating profit (7.8% operating margin, against 1.3%).
- Sprouts Farmers Market turned more of its sales into free cash flow (5.3% FCF margin, against 2.3%).
- Sprouts Farmers Market earned a higher return on the capital invested in it (46.9%, against 7.6%).
- Investors pay more for each dollar of Kroger’s earnings: a P/E of 37.1x against 12.7x for Sprouts Farmers Market.
| Latest fiscal year | KR · FY25 | SFM · FY25 |
|---|---|---|
| Size | ||
| Market cap | $40.6B | $6.3B |
| Revenue | $147.6B | $8.8B |
| Free cash flow | $3.5B | $468M |
| Net income | $1.0B | $524M |
| Growth | ||
| Revenue growth | 0.4% | 14.1% |
| 5-year growth | 2.2% | 6.4% |
| Share count change | −9.0% | −2.6% |
| Profitability | ||
| Gross margin | — | 38.8% |
| Operating margin | 1.3% | 7.8% |
| Net margin | 0.7% | 6.0% |
| FCF margin | 2.3% | 5.3% |
| Return on capital | 7.6% | 46.9% |
| Return on equity | 14.3% | 38.4% |
| Balance sheet | ||
| Net debt | $14.2B | −$244M |
| Net debt / EBITDA | 2.7x | −0.3x |
| Dividends and buybacks | $3.6B | $472M |
| Valuation & quality | ||
| P/E | 37.1x | 12.7x |
| Piotroski F-score | 4 | 7 |
Revenue
FY16
KR $115.3B
SFM $4.0B
FY17
KR $123.3B
SFM $4.7B
FY18
KR $121.9B
SFM $5.2B
FY19
KR $122.3B
SFM $5.6B
FY20
KR $132.5B
SFM $6.5B
FY21
KR $137.9B
SFM $6.1B
FY22
KR $148.3B
SFM $6.4B
FY23
KR $150.0B
SFM $6.8B
FY24
KR $147.1B
SFM $7.7B
FY25
KR $147.6B
SFM $8.8B
KR
SFM
Operating margin
FY16
KR 3.0%
SFM 5.3%
FY17
KR 2.1%
SFM 4.9%
FY18
KR 2.2%
SFM 4.3%
FY19
KR 1.8%
SFM 3.9%
FY20
KR 2.1%
SFM 6.1%
FY21
KR 2.5%
SFM 5.5%
FY22
KR 2.8%
SFM 5.6%
FY23
KR 2.1%
SFM 5.1%
FY24
KR 2.6%
SFM 6.5%
FY25
KR 1.3%
SFM 7.8%
KR
SFM
Free cash flow
FY16
KR $573M
SFM $73.3M
FY17
KR $604M
SFM $111M
FY18
KR $1.2B
SFM $117M
FY19
KR $1.5B
SFM $172M
FY20
KR $4.0B
SFM $372M
FY21
KR $3.6B
SFM $262M
FY22
KR $1.4B
SFM $247M
FY23
KR $2.9B
SFM $240M
FY24
KR $1.8B
SFM $415M
FY25
KR $3.5B
SFM $468M
KR
SFM
Return on capital
FY16
KR 12.3%
SFM 15.1%
FY17
KR 12.7%
SFM 18.4%
FY18
KR 9.2%
SFM 17.9%
FY19
KR 7.7%
SFM —
FY20
KR 9.8%
SFM —
FY21
KR 13.4%
SFM —
FY22
KR 14.8%
SFM 27.0%
FY23
KR 10.7%
SFM 25.2%
FY24
KR 13.9%
SFM 35.3%
FY25
KR 7.6%
SFM 46.9%
KR
SFM
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.