INGLES MARKETS, INCORPORATED
IMKTA · Consumer Discretionary · FY2025 filings · Shallow moat ·
Doesn't clear the bar
The five investor questions
Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend.
Median gross margin 24.2% over 10y, very stable.
Median ROIC 8.3%, above the 12% hurdle in 40% of years.
Net debt/EBITDA 0.6x, interest coverage 6x.
Owner earnings changed +6.1%/yr over up to the ten most recent annual observations, share count n/a.
The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- $211M
- Unavailable — insufficient owner-earnings data
- Unavailable — insufficient growth-model data
- $85.83
- No price data
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.
Score records captured Jul 26, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY
Missing a usable price or zero-growth estimate: ANF, BKNG.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
18 years of fundamentals
The business, in plain English
INGLES MARKETS, INCORPORATED booked $5.3B of revenue in FY2025 in the Consumer Discretionary sector and kept 23.9% of it as gross profit — a moderate-margin business by that measure. After every other cost, 1.6% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $3.3B (FY2009) to $5.3B (FY2025) — about 3.1% a year compounded over 16 years.
It earned 5.1% on invested capital in the latest filed year, FY2025. Across the full 17-year measurable filed record, median ROIC was 6.9%. Over the v3 recent window (10 measurable filed years), median ROIC was 8.3%. The Returns on Capital filter above scores it 28/100.
The balance sheet carried $515M of total debt in FY2025 against $92M of owner earnings — roughly 5.6 years of owner earnings to retire it all. Balance-Sheet Safety scores it 56/100.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Gaps in a line mean that item isn’t in IMKTA’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
Records still being gathered — partial as of retrieval Aug 11, 2026.
172 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
No reported Form 4 rows were captured for IMKTA; the incomplete walk cannot establish zero activity, zero counts, or a negative cluster result.
A filing source-event date will appear when a Form 4 row is captured.
Retrieved .
Track record
How INGLES MARKETS, INCORPORATED’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
How to read this: each dot is what the engine would have scored IMKTA on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, IMKTA did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Consumer Discretionary context
#228 of 487 scored Consumer Discretionary companies, ranked by Moat Score.
Nearest peers by Moat Score
- #226BLPG BLUE LINE PROTECTION GROUP, INC.47.0 out of 100, Shallow moatShallow moat
- #227SCI SERVICE CORPORATION INTERNATIONAL46.8 out of 100, Shallow moatShallow moat
- #229RRR RED ROCK RESORTS, INC.46.7 out of 100, Shallow moatShallow moat
- #230ACI Albertsons Companies, Inc.46.6 out of 100, Shallow moatShallow moat
Compare IMKTA with its nearest peers →All Consumer Discretionary companies on the Index →
Common questions about IMKTA
- Does INGLES MARKETS, INCORPORATED have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores INGLES MARKETS, INCORPORATED (IMKTA) 46.7 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend not measurable from the filings, pricing power 43, returns on capital 28, balance-sheet safety 56, capital allocation 59.
- How has IMKTA's Moat Score changed over time?
- The record logs 16 readings since Jul 17, 2026; the latest reads 46.7 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.