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Stocks · Consumer staples · Wholesale-Groceries, General Line

AMCON DISTRIBUTING CO

DIT Clue Score45
United States Fiscal year ends September CIK 0000928465
$65.13 +2.49% Close, 9 Oct 2026
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Price $65.13 −55.73% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue1,275.0Operating income6.2Net income2.9EPS, diluted4.26Fiscal year 2018Revenue1,322.3 +3.7%Operating income5.9Net income3.6 +22.5%EPS, diluted5.38 +26.3%Fiscal year 2019Revenue1,392.4 +5.3%Operating income6.3Net income3.2 −11.4%EPS, diluted5.25 −2.4%Fiscal year 2020Revenue1,521.3 +9.3%Operating income9.1Net income5.5 +73.0%EPS, diluted9.76 +85.9%Fiscal year 2021Revenue1,672.4 +9.9%Operating income17.8Net income15.5 +180.5%EPS, diluted27.36 +180.3%Fiscal year 2022Revenue2,010.8 +20.2%Operating income22.6Net income16.7 +7.2%EPS, diluted28.59 +4.5%Fiscal year 2023Revenue2,540.0 +26.3%Operating income26.0Net income11.6 −30.4%EPS, diluted19.46 −31.9%Fiscal year 2024Revenue2,711.0 +6.7%Operating income18.0Net income4.3 −62.6%EPS, diluted7.15 −63.3%Fiscal year 2025Revenue2,816.7 +3.9%Operating income12.6Net income0.6 −86.9%EPS, diluted0.92 −87.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,275.0 1,322.3 1,392.4 1,521.3 1,672.4 2,010.8 2,540.0 2,711.0 2,816.7
Growth +3.7% +5.3% +9.3% +9.9% +20.2% +26.3% +6.7% +3.9%
Operating income 6.2 5.9 6.3 9.1 17.8 22.6 26.0 18.0 12.6
Net income 2.9 3.6 3.2 5.5 15.5 16.7 11.6 4.3 0.6
Growth +22.5% −11.4% +73.0% +180.5% +7.2% −30.4% −62.6% −86.9%
EPS, diluted 4.26 5.38 5.25 9.76 27.36 28.59 19.46 7.15 0.92
Growth +26.3% −2.4% +85.9% +180.3% +4.5% −31.9% −63.3% −87.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin5.7%Operating margin0.5%Net margin0.2%Free cash flow margin−1.3%Fiscal year 2018Gross margin5.8%Operating margin0.4%Net margin0.3%Free cash flow margin0.2%Fiscal year 2019Gross margin6.0%Operating margin0.5%Net margin0.2%Free cash flow margin−1.1%Fiscal year 2020Gross margin5.8%Operating margin0.6%Net margin0.4%Free cash flow margin0.8%Fiscal year 2021Gross margin6.0%Operating margin1.1%Net margin0.9%Free cash flow margin1.2%Fiscal year 2022Gross margin6.4%Operating margin1.1%Net margin0.8%Free cash flow margin0.4%Fiscal year 2023Gross margin6.7%Operating margin1.0%Net margin0.5%Free cash flow margin0.3%Fiscal year 2024Gross margin6.7%Operating margin0.7%Net margin0.2%Free cash flow margin1.8%Fiscal year 2025Gross margin6.7%Operating margin0.4%Net margin0.0%Free cash flow margin0.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 5.7% 5.8% 6.0% 5.8% 6.0% 6.4% 6.7% 6.7% 6.7%
Operating margin 0.5% 0.4% 0.5% 0.6% 1.1% 1.1% 1.0% 0.7% 0.4%
Net margin 0.2% 0.3% 0.2% 0.4% 0.9% 0.8% 0.5% 0.2% 0.0%
Free cash flow margin −1.3% 0.2% −1.1% 0.8% 1.2% 0.4% 0.3% 1.8% 0.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−13.8Capital expenditure−2.6Free cash flow−16.3Buybacks−1.1Dividends paid−0.7Fiscal year 2018Operating cash flow5.9Capital expenditure−3.2Free cash flow2.7Buybacks−7.7Dividends paid−0.7Fiscal year 2019Operating cash flow−11.5Capital expenditure−4.4Free cash flow−15.9 −695.3%Buybacks−7.5Dividends paid−0.6Fiscal year 2020Operating cash flow15.2Capital expenditure−3.4Free cash flow11.8Buybacks−2.0Dividends paid−0.6Fiscal year 2021Operating cash flow20.9Capital expenditure−1.5Free cash flow19.4 +63.8%Buybacks−0.0Dividends paid−3.4Fiscal year 2022Operating cash flow22.9Capital expenditure−14.7Free cash flow8.2 −57.8%Dividends paid−3.4Fiscal year 2023Operating cash flow19.7Capital expenditure−11.6Free cash flow8.2 −0.5%Buybacks−0.4Dividends paid−3.5Fiscal year 2024Operating cash flow67.9Capital expenditure−20.4Free cash flow47.4 +481.3%Dividends paid−0.6Fiscal year 2025Operating cash flow18.7Capital expenditure−9.0Free cash flow9.7 −79.6%Buybacks−1.1Dividends paid−0.6
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −13.8 5.9 −11.5 15.2 20.9 22.9 19.7 67.9 18.7
Capital expenditure −2.6 −3.2 −4.4 −3.4 −1.5 −14.7 −11.6 −20.4 −9.0
Free cash flow −16.3 2.7 −15.9 11.8 19.4 8.2 8.2 47.4 9.7
Growth −695.3% +63.8% −57.8% −0.5% +481.3% −79.6%
Buybacks −1.1 −7.7 −7.5 −2.0 −0.0 n/a −0.4 n/a −1.1
Dividends paid −0.7 −0.7 −0.6 −0.6 −3.4 −3.4 −3.5 −0.6 −0.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.5Total debt3.0Net cash (debt)−2.5Shareholders’ equity68.2Debt to equity0.04Fiscal year 2018Cash0.5Total debt4.8Net cash (debt)−4.2Shareholders’ equity64.6Debt to equity0.07Fiscal year 2019Cash0.3Total debt3.7Net cash (debt)−3.3Shareholders’ equity60.8Debt to equity0.06Fiscal year 2020Cash0.7Total debt3.1Net cash (debt)−2.5Shareholders’ equity64.8Debt to equity0.05Fiscal year 2021Cash0.5Total debt5.6Net cash (debt)−5.1Shareholders’ equity77.6Debt to equity0.07Fiscal year 2022Cash0.4Total debt9.0Net cash (debt)−8.5Shareholders’ equity92.8Debt to equity0.10Fiscal year 2023Cash0.8Total debt13.6Net cash (debt)−12.8Shareholders’ equity104.2Debt to equity0.13Fiscal year 2024Cash0.7Total debt21.8Net cash (debt)−21.1Shareholders’ equity111.7Debt to equity0.19Fiscal year 2025Cash0.7Total debt16.5Net cash (debt)−15.8Shareholders’ equity113.1Debt to equity0.15
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.5 0.5 0.3 0.7 0.5 0.4 0.8 0.7 0.7
Total debt 3.0 4.8 3.7 3.1 5.6 9.0 13.6 21.8 16.5
Net cash (debt) −2.5 −4.2 −3.3 −2.5 −5.1 −8.5 −12.8 −21.1 −15.8
Shareholders’ equity 68.2 64.6 60.8 64.8 77.6 92.8 104.2 111.7 113.1
Debt to equity 0.04 0.07 0.06 0.05 0.07 0.10 0.13 0.19 0.15

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Revenue and profit
1,275.0 1,322.3 1,392.4 1,521.3 1,672.4 2,010.8 2,540.0 2,711.0 2,816.7
Growth +3.7% +5.3% +9.3% +9.9% +20.2% +26.3% +6.7% +3.9%
1,202.5 1,245.4 1,308.4 1,433.5 1,571.8 1,883.1 2,369.2 2,528.6 2,628.5
72.4 76.9 84.0 87.7 100.5 127.7 170.8 182.4 188.2
Growth +6.2% +9.2% +4.4% +14.6% +27.0% +33.8% +6.7% +3.2%
64.2 66.8 72.2 75.1 79.6 101.5 137.3 154.9 165.8
6.2 5.9 6.3 9.1 17.8 22.6 26.0 18.0 12.6
Growth −4.9% +7.3% +43.0% +96.3% +26.8% +14.9% −30.8% −30.2%
5.4 4.8 4.8 7.5 16.7 21.5 17.3 7.5 1.6
2.5 1.2 1.6 2.1 4.5 6.5 5.7 3.1 1.0
2.9 3.6 3.2 5.5 15.5 16.7 11.6 4.3 0.6
Growth +22.5% −11.4% +73.0% +180.5% +7.2% −30.4% −62.6% −86.9%
Per share
4.34 5.47 5.36 9.88 28.24 29.37 19.85 7.24 0.93
4.26 5.38 5.25 9.76 27.36 28.59 19.46 7.15 0.92
Growth +26.3% −2.4% +85.9% +180.3% +4.5% −31.9% −63.3% −87.1%
0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6
0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6
Growth −2.9% −9.3% −6.9% +0.0% +2.6% +2.2% +1.8% +1.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 13.1% a year over five years, and earnings per share fell 37.6% a year.
  • The diluted share count rose 8.5% in five years, which is dilution.
  • Operating margin is flat at 0.4%.
  • Profitable in every one of the 9 years on file.