AMCON Distributing Company (DIT) 10-Year Financial Performance & Capital Metrics

DIT • • Industrial / General

Consumer DefensiveFood DistributionRetail & Convenience DistributionConvenience & Tobacco Distributors

AboutAMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrigerated products, and institutional foodservice products. It serves retailers, such as convenience stores, discount and general merchandise stores, grocery stores, drug stores, liquor stores, tobacco shops, and gas stations; and institutional customers, including restaurants and bars, schools, and sports complexes, as well as other wholesalers. This segment also markets private label lines of water, candy products, batteries, and other products. In addition, the Retail Health Food segment is involved in the retail of natural, organic, and specialty foods consisting of produce, baked goods, frozen foods, nutritional supplements, personal care items, and general merchandise. Further, the company operates twenty retail health food stores under the Chamberlin's Natural Foods, Akin's Natural Foods, and Earth Origins Market brands. AMCON Distributing Company was incorporated in 1986 and is based in Omaha, Nebraska.Show more

Revenue $2.82B +3.9%
EBITDA $22M -18.5%
Net Income $569K -86.9%
EPS (Diluted) 0.92 -87.1%
Gross Margin 6.68% -0.7%
EBITDA Margin 0.79% -21.6%
Operating Margin 0.45% -32.8%
Net Margin 0.02% -87.4%
ROE 0.51% -87.4%
ROIC 3.33% -30.8%
Debt/Equity 1.54 +1.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 20.1%
✓Trading at only 0.6x book value
✓Efficient asset utilization: 7.2x turnover

✗Weaknesses

✗Profits declining 36.6% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Thin 5Y average net margin of 0.5%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.19%

5Y20.08%

3Y11.89%

TTM19.07%

Profit (Net Income) CAGR

10Y-21.45%

5Y-36.58%

3Y-67.57%

TTM-86.88%

EPS CAGR

10Y-20.02%

5Y-37.65%

3Y-68.19%

TTM4500%

ROCE

10Y Avg8.56%

5Y Avg9.23%

3Y Avg7.04%

Latest4.49%

Peer Comparison

Convenience & Tobacco Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DITAMCON Distributing Company	71.11M	109.28	118.78	3.9%	0.02%	0.5%	13.59%	1.54

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	1.29B	1.27B	1.32B	1.39B	1.13B	1.67B	2.01B	2.54B	2.71B	2.82B
Revenue Growth %	0.01%	-0.02%	0.04%	0.05%	-0.19%	0.48%	0.2%	0.26%	0.07%	0.04%
Cost of Goods Sold+	1.22B	1.2B	1.25B	1.31B	1.04B	1.57B	1.88B	2.37B	2.53B	2.63B
COGS % of Revenue	0.94%	0.94%	0.94%	0.94%	0.92%	0.94%	0.94%	0.93%	0.93%	0.93%
Gross Profit+	74.77M	72.45M	76.93M	84.02M	87.73M	100.55M	127.72M	170.84M	182.35M	188.23M
Gross Margin %	0.06%	0.06%	0.06%	0.06%	0.08%	0.06%	0.06%	0.07%	0.07%	0.07%
Gross Profit Growth %	-0.02%	-0.03%	0.06%	0.09%	0.04%	0.15%	0.27%	0.34%	0.07%	0.03%
Operating Expenses+	63.9M	66.22M	69.1M	74.8M	78.65M	82.72M	105.12M	144.88M	164.37M	175.67M
OpEx % of Revenue	0.05%	0.05%	0.05%	0.05%	0.07%	0.05%	0.05%	0.06%	0.06%	0.06%
Selling, General & Admin	61.73M	64.17M	66.78M	72.18M	0	79.63M	101.47M	137.3M	154.88M	0
SG&A % of Revenue	0.05%	0.05%	0.05%	0.05%	-	0.05%	0.05%	0.05%	0.06%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	104.96K	39.51K	54.04K	2.62M	78.65M	3.09M	3.64M	7.58M	9.5M	175.67M
Operating Income+	10.87M	6.22M	5.92M	9.28M	9.08M	17.82M	22.6M	25.97M	17.98M	12.56M
Operating Margin %	0.01%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%
Operating Income Growth %	-0.06%	-0.43%	-0.05%	0.57%	-0.02%	0.96%	0.27%	0.15%	-0.31%	-0.3%
EBITDA+	13.04M	8.27M	8.24M	11.9M	12.2M	20.92M	26.25M	33.54M	27.48M	22.39M
EBITDA Margin %	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
EBITDA Growth %	-0.06%	-0.37%	-0%	0.44%	0.02%	0.71%	0.25%	0.28%	-0.18%	-0.19%
D&A (Non-Cash Add-back)	2.16M	2.05M	2.32M	2.62M	3.12M	3.09M	3.64M	7.58M	9.5M	9.84M
EBIT	10.98M	6.26M	5.97M	6.41M	9.57M	18.03M	23.73M	25.85M	17.88M	1.56M
Net Interest Income+	-723.22K	-825.69K	-1.19M	-1.6M	-1.69M	-1.34M	-2.25M	-8.55M	-10.41M	0
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	723.22K	825.69K	1.19M	1.6M	1.69M	1.34M	2.25M	8.55M	10.41M	0
Other Income/Expense	-618.26K	-786.18K	-1.14M	-1.54M	-1.4M	2.22M	544.27K	-8.66M	-10.52M	-10.99M
Pretax Income+	10.26M	5.44M	4.78M	4.81M	7.69M	20.05M	23.15M	17.3M	7.46M	1.56M
Pretax Margin %	0.01%	0%	0%	0%	0.01%	0.01%	0.01%	0.01%	0%	0%
Income Tax+	4.28M	2.49M	1.16M	1.61M	2.14M	4.5M	6.47M	5.71M	3.13M	995K
Effective Tax Rate %	0.58%	0.54%	0.76%	0.67%	0.72%	0.78%	0.72%	0.67%	0.58%	0.36%
Net Income+	5.98M	2.95M	3.61M	3.2M	5.54M	15.55M	16.67M	11.6M	4.34M	568.74K
Net Margin %	0%	0%	0%	0%	0%	0.01%	0.01%	0%	0%	0%
Net Income Growth %	-0.06%	-0.51%	0.23%	-0.11%	0.73%	1.8%	0.07%	-0.3%	-0.63%	-0.87%
Net Income (Continuing)	5.98M	2.95M	3.61M	3.2M	5.54M	15.55M	16.67M	11.6M	4.34M	568.74K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	8.38	4.26	5.38	5.25	9.76	27.36	28.59	19.46	7.15	0.92
EPS Growth %	-0.02%	-0.49%	0.26%	-0.02%	0.86%	1.8%	0.04%	-0.32%	-0.63%	-0.87%
EPS (Basic)	9.37	4.34	5.47	5.36	9.88	28.24	29.37	19.85	7.24	0.93
Diluted Shares Outstanding	713.9K	692.18K	672.45K	609.84K	567.96K	568.1K	583.06K	595.85K	606.78K	616.49K
Basic Shares Outstanding	621.43K	679.48K	660.92K	597.96K	561.17K	550.55K	567.7K	584.15K	599.02K	618.2K
Dividend Payout Ratio	0.11%	0.24%	0.19%	0.2%	0.11%	0.22%	0.21%	0.3%	0.15%	1.13%

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	89.26M	108.34M	116.03M	134.85M	136M	136.57M	210.98M	245.67M	229.07M	239.5M
Cash & Short-Term Investments	605.38K	523.07K	520.64K	337.7K	661.2K	519.59K	431.58K	790.93K	672.79K	744.61K
Cash Only	605.38K	523.07K	520.64K	337.7K	661.2K	519.59K	431.58K	790.93K	672.79K	744.61K
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	30.2M	30.69M	31.7M	25.02M	34.28M	35.84M	63.19M	72.73M	71.37M	73.19M
Days Sales Outstanding	8.51	8.79	8.75	6.56	11.09	7.82	11.47	10.45	9.61	9.48
Inventory	48.4M	72.91M	78.87M	102.34M	98.97M	95.21M	134.65M	158.58M	144.25M	153.28M
Days Inventory Outstanding	14.48	22.13	23.12	28.55	34.73	22.11	26.1	24.43	20.82	21.28
Other Current Assets	7.41M	0	0	0	0	0	0	0	12.77M	140.99K
Total Non-Current Assets+	23.01M	23.46M	23.92M	22.87M	52M	51.84M	78.15M	117.76M	145.04M	151.58M
Property, Plant & Equipment	12.61M	13.31M	15.77M	17.66M	36.43M	33.86M	68.03M	103.78M	131.56M	138.33M
Fixed Asset Turnover	102.68x	95.81x	83.86x	78.86x	30.96x	49.39x	29.56x	24.47x	20.61x	20.36x
Goodwill	6.35M	6.35M	4.44M	4.44M	4.44M	4.44M	5.28M	5.78M	5.78M	5.78M
Intangible Assets	3.76M	3.49M	3.41M	500K	500K	500K	2.09M	5.28M	4.75M	4.24M
Long-Term Investments	-2.06M	-2.34T	-1.78T	-1.82T	6.74M	9.38M	0	0	0	0
Other Non-Current Assets	288.08K	310.49K	301.79K	273.58K	3.88M	3.66M	2.75M	2.91M	2.95M	3.23M
Total Assets+	112.26M	131.8M	139.95M	157.71M	188M	188.41M	289.12M	363.43M	374.11M	391.09M
Asset Turnover	11.53x	9.67x	9.45x	8.83x	6.00x	8.88x	6.95x	6.99x	7.25x	7.20x
Asset Growth %	-0.07%	0.17%	0.06%	0.13%	0.19%	0%	0.53%	0.26%	0.03%	0.05%
Total Current Liabilities+	28.9M	29.58M	34.45M	31.59M	41.87M	47.14M	71.98M	76.63M	93.23M	112.09M
Accounts Payable	18.16M	17.63M	20.83M	18.65M	22.11M	24.24M	39.96M	43.1M	54.5M	69.53M
Days Payables Outstanding	5.44	5.35	6.1	5.2	7.76	5.63	7.75	6.64	7.87	9.66
Short-Term Debt	362.5K	373.64K	1.1M	532.75K	516.85K	561.2K	1.6M	1.96M	5.2M	5.47M
Deferred Revenue (Current)	0	544.07K	0	0	0	0	0	0	0	0
Other Current Liabilities	6.79M	7.55M	8.56M	8.58M	0	0	0	0	0	7.02M
Current Ratio	3.09x	3.66x	3.37x	4.27x	3.25x	2.90x	2.93x	3.21x	2.46x	2.14x
Quick Ratio	1.41x	1.20x	1.08x	1.03x	0.88x	0.88x	1.06x	1.14x	0.91x	0.77x
Cash Conversion Cycle	17.56	25.56	25.76	29.91	38.06	24.3	29.82	28.24	22.57	21.11
Total Non-Current Liabilities+	17.61M	34.06M	40.91M	65.37M	81.34M	63.66M	124.31M	182.63M	169.14M	165.93M
Long-Term Debt	13.56M	31.69M	39.09M	63.5M	64.58M	48.71M	98.65M	152.11M	137.83M	137.84M
Capital Lease Obligations	0	0	0	0	14.03M	12.67M	13.79M	17.41M	18.77M	22.85M
Deferred Tax Liabilities	4.02M	2.34M	1.78M	1.82M	1.81M	1.53M	2.33M	4.92M	4.37M	0
Other Non-Current Liabilities	30.82K	34.1K	1.82M	42.01K	927.24K	757.39K	9.55M	8.19M	8.17M	5.24M
Total Liabilities	46.51M	63.64M	75.35M	96.95M	123.21M	110.8M	196.3M	259.26M	262.38M	278.02M
Total Debt+	13.92M	32.06M	40.18M	64.04M	84.73M	67.45M	120.48M	177.54M	168.84M	174.02M
Net Debt	13.32M	31.54M	39.66M	63.7M	84.07M	66.93M	120.05M	176.75M	168.17M	173.27M
Debt / Equity	0.21x	0.47x	0.62x	1.05x	1.31x	0.87x	1.30x	1.70x	1.51x	1.54x
Debt / EBITDA	1.07x	3.87x	4.88x	5.38x	6.95x	3.22x	4.59x	5.29x	6.15x	7.77x
Net Debt / EBITDA	1.02x	3.81x	4.82x	5.35x	6.89x	3.20x	4.57x	5.27x	6.12x	7.74x
Interest Coverage	15.04x	7.54x	4.96x	5.81x	5.36x	13.31x	10.05x	3.04x	1.73x	-
Total Equity+	65.75M	68.17M	64.6M	60.76M	64.79M	77.61M	92.83M	104.17M	111.73M	113.07M
Equity Growth %	0.02%	0.04%	-0.05%	-0.06%	0.07%	0.2%	0.2%	0.12%	0.07%	0.01%
Book Value per Share	92.10	98.48	96.07	99.63	114.08	136.62	159.21	174.82	184.13	183.41
Total Shareholders' Equity	65.75M	68.17M	64.6M	60.76M	64.79M	77.61M	92.83M	104.17M	111.73M	113.07M
Common Stock	8.18K	8.31K	8.44K	8.56K	8.7K	8.83K	9.17K	9.43K	9.65K	9.8K
Retained Earnings	58.69M	60.94M	63.85M	66.41M	71.36M	83.55M	96.78M	104.85M	108.55M	108.48M
Treasury Stock	-12.48M	-13.6M	-21.32M	-28.83M	-30.86M	-30.87M	-30.87M	-31.27M	-31.27M	-32.41M
Accumulated OCI	-23.93M	-25.44M	-26.63M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	18.39M	-13.76M	5.9M	-11.45M	15.2M	20.94M	22.89M	19.72M	67.87M	18.67M
Operating CF Margin %	0.01%	-0.01%	0%	-0.01%	0.01%	0.01%	0.01%	0.01%	0.03%	0.01%
Operating CF Growth %	8.18%	-1.75%	1.43%	-2.94%	2.33%	0.38%	0.09%	-0.14%	2.44%	-0.72%
Net Income	5.98M	2.95M	3.61M	3.2M	5.54M	15.55M	16.67M	11.6M	4.34M	568.74K
Depreciation & Amortization	2.16M	2.05M	2.32M	2.62M	3.12M	3.09M	3.64M	7.58M	9.5M	9.84M
Stock-Based Compensation	1.4M	1.39M	1.27M	1.3M	1.09M	2.42M	3.1M	2.72M	2.49M	2.55M
Deferred Taxes	437.28K	-243.39K	-553.46K	40.57K	-16.8K	-275.35K	797.36K	2.59M	-543.64K	-326.25K
Other Non-Cash Items	-319.22K	-32.05K	1.71M	3.45M	63.49K	-3.28M	-2.54M	901.2K	736.15K	-933.04K
Working Capital Changes	8.72M	-19.88M	-2.47M	-22.06M	5.41M	3.44M	1.21M	-5.66M	51.36M	6.97M
Change in Receivables	2.03M	-755.3K	-828.44K	6.74M	-9.59M	-223K	4.13M	-138.96K	5.9M	-2.58M
Change in Inventory	12.45M	-24.4M	-5.06M	-24.03M	3.69M	3.72M	3.24M	-7.73M	29M	-5.7M
Change in Payables	976.14K	-467.35K	3.3M	-2.25M	3.53M	2M	332.4K	2.21M	11.4M	16.01M
Cash from Investing+	-1.48M	-2.52M	-3.22M	-4.38M	-13.31M	-1.47M	-14.36M	-66.27M	-42.11M	-15.02M
Capital Expenditures	-1.59M	-2.57M	-3.23M	-4.44M	-3.36M	-1.53M	-14.69M	-11.56M	-20.43M	-9M
CapEx % of Revenue	0%	0%	0%	0%	0%	0%	0.01%	0%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	112.16K	46.65K	5.8K	57.2K	-3.46M	55.73K	327K	151.81K	416.55K	113.21K
Cash from Financing+	-16.52M	16.2M	-2.68M	15.65M	-1.57M	-19.61M	-8.62M	46.91M	-25.88M	-3.57M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-654.68K	-706.91K	-702.49K	-636.58K	-594.65K	-3.36M	-3.44M	-3.53M	-630.36K	-645.46K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-190.99K	-107.08K	-101.2K	-56.34K	-30.21K	-415.06K	-1.84M	-2.98M	-2.32M	-2.07M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	16.79M	-16.33M	2.67M	-15.89M	11.85M	19.41M	8.2M	8.16M	47.44M	9.66M
FCF Margin %	0.01%	-0.01%	0%	-0.01%	0.01%	0.01%	0%	0%	0.02%	0%
FCF Growth %	5.69%	-1.97%	1.16%	-6.95%	1.75%	0.64%	-0.58%	-0%	4.81%	-0.8%
FCF per Share	23.52	-23.59	3.97	-26.06	20.86	34.17	14.06	13.70	78.19	15.68
FCF Conversion (FCF/Net Income)	3.07x	-4.67x	1.63x	-3.58x	2.74x	1.35x	1.37x	1.70x	15.65x	32.82x
Interest Paid	737.25K	819.97K	1.14M	1.56M	1.74M	1.35M	2.21M	8.31M	9.99M	10.52M
Taxes Paid	3.89M	2.02M	2.53M	1.65M	1.3M	5.14M	7.92M	4.14M	2.52M	724.09K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.2%	4.41%	5.44%	5.11%	8.83%	21.83%	19.56%	11.77%	4.02%	0.51%
Return on Invested Capital (ROIC)	9.72%	5.22%	4.35%	6.09%	4.98%	9.11%	9.49%	7.89%	4.81%	3.33%
Gross Margin	5.78%	5.68%	5.82%	6.03%	7.78%	6.01%	6.35%	6.73%	6.73%	6.68%
Net Margin	0.46%	0.23%	0.27%	0.23%	0.49%	0.93%	0.83%	0.46%	0.16%	0.02%
Debt / Equity	0.21x	0.47x	0.62x	1.05x	1.31x	0.87x	1.30x	1.70x	1.51x	1.54x
Interest Coverage	15.04x	7.54x	4.96x	5.81x	5.36x	13.31x	10.05x	3.04x	1.73x	-
FCF Conversion	3.07x	-4.67x	1.63x	-3.58x	2.74x	1.35x	1.37x	1.70x	15.65x	32.82x
Revenue Growth	1%	-1.52%	3.71%	5.3%	-18.99%	48.26%	20.24%	26.32%	6.73%	3.9%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Cigarettes	-	909.53M	-	-	-	-	-	1.59B	1.67B	1.71B
Cigarettes Growth	-	-	-	-	-	-	-	-	5.24%	2.64%
Tobacco	-	158.9M	-	-	-	-	-	462.51M	499.87M	540.79M
Tobacco Growth	-	-	-	-	-	-	-	-	8.08%	8.19%
Confectionery	-	80.13M	-	-	-	-	-	162.61M	174.95M	187.17M
Confectionery Growth	-	-	-	-	-	-	-	-	7.59%	6.98%
Health food	-	-	-	-	-	-	-	43.12M	42.49M	44.5M
Health food Growth	-	-	-	-	-	-	-	-	-1.45%	4.72%
Wholesale	1.27B	-	1.29B	1.35B	1.48B	1.63B	1.96B	-	-	-
Wholesale Growth	-	-	-	4.29%	9.43%	10.15%	20.89%	-	-	-
Retail	27.42M	-	29.57M	44.21M	46.01M	47.32M	46.21M	-	-	-
Retail Growth	-	-	-	49.50%	4.07%	2.85%	-2.36%	-	-	-
Tobacco Food Service And Other	-	101M	-	-	-	-	-	-	-	-
Tobacco Food Service And Other Growth	-	-	-	-	-	-	-	-	-	-
Health Food	-	25.42M	-	-	-	-	-	-	-	-
Health Food Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Wholesale	1.27B	1.25B	1.29B	1.35B	1.48B	1.63B	1.96B	2.5B	2.67B	2.77B
Wholesale Growth	-	-1.39%	3.45%	4.29%	9.43%	10.15%	20.89%	27.09%	6.87%	3.89%

Frequently Asked Questions

Valuation & Price

AMCON Distributing Company (DIT) has a price-to-earnings (P/E) ratio of 118.8x. This suggests investors expect higher future growth.

Growth & Financials

AMCON Distributing Company (DIT) reported $3.23B in revenue for fiscal year 2025. This represents a 175% increase from $1.17B in 2012.

AMCON Distributing Company (DIT) grew revenue by 3.9% over the past year. Growth has been modest.

Yes, AMCON Distributing Company (DIT) is profitable, generating $0.6M in net income for fiscal year 2025 (0.0% net margin).

Dividend & Returns

Yes, AMCON Distributing Company (DIT) pays a dividend with a yield of 0.96%. This makes it attractive for income-focused investors.

AMCON Distributing Company (DIT) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.

AMCON Distributing Company (DIT) generated $9.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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