Revenue growth remains modest at 4.6% in 2026Q1, yet structural overhead costs continue to constrain operating margins to a thin 2.06%.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 5.01B | 4.96B | 4.79B | 4.7B | 4.7B | 4.22B | 4.11B | 3.54B | 3.51B | 3.47B | 3.14B | 2.88B | 2.78B | 2.69B | 2.7B | 2.75B | 2.62B | 2.52B | 2.42B | 2.32B | 2.24B | 2.22B | 2.1B | 2.04B | 2B | 1.99B | 2.06B | 2B | 1.87B | 1.82B | 1.75B |
| Revenue Growth % | 4.05% | 3.46% | 2.02% | 0.02% | 11.16% | 2.72% | 16.07% | 0.97% | 1.22% | 10.52% | 9.04% | 3.6% | 3.12% | -0.33% | -1.86% | 5.04% | 4.14% | 3.87% | 4.48% | 3.3% | 0.99% | 5.95% | 2.7% | 2.16% | 0.56% | -3.53% | 2.8% | 7.36% | 2.68% | 3.74% | 6.49% |
| Cost of Goods Sold | 3.86B | 3.83B | 3.59B | 3.51B | 3.51B | 3.11B | 3.01B | 2.61B | 2.57B | 2.55B | 2.27B | 2.09B | 2.02B | 1.95B | 1.96B | 2.02B | 1.91B | 1.84B | 1.8B | 1.72B | 1.65B | 1.64B | 1.55B | 1.51B | 1.47B | 1.46B | 1.47B | 1.45B | 1.35B | 1.31B | 1.26B |
| COGS % of Revenue | - | 77.27% | 74.87% | 74.75% | 74.83% | 73.59% | 73.24% | 73.52% | 73.36% | 73.68% | 72.47% | 72.65% | 72.88% | 72.31% | 72.51% | 73.27% | 72.77% | 73.03% | 74.12% | 74.03% | 73.39% | 73.61% | 73.8% | 73.73% | 73.6% | 73.28% | 71.19% | 72.33% | 72.32% | 72.15% | 72.02% |
| Gross Profit | 1.16B | 1.13B | 1.2B | 1.19B | 1.18B | 1.12B | 1.1B | 938.19M | 935M | 912.52M | 863.54M | 786.73M | 752.96M | 745.47M | 742.55M | 735.86M | 713.63M | 678.52M | 626.96M | 602.13M | 597.28M | 586.46M | 549.5M | 536.57M | 527.88M | 531.18M | 593.71M | 554.8M | 517M | 506.5M | 490.5M |
| Gross Margin % | 23.1% | 22.73% | 25.13% | 25.25% | 25.17% | 26.41% | 26.76% | 26.48% | 26.64% | 26.32% | 27.53% | 27.35% | 27.12% | 27.69% | 27.49% | 26.73% | 27.23% | 26.97% | 25.88% | 25.97% | 26.61% | 26.39% | 26.2% | 26.27% | 26.4% | 26.72% | 28.81% | 27.67% | 27.68% | 27.85% | 27.98% |
| Gross Profit Growth % | - | -6.4% | 1.51% | 0.36% | 5.93% | 1.39% | 17.29% | 0.34% | 2.46% | 5.67% | 9.76% | 4.49% | 1.01% | 0.39% | 0.91% | 3.12% | 5.17% | 8.22% | 4.12% | 0.81% | 1.84% | 6.73% | 2.41% | 1.65% | -0.62% | -10.53% | 7.01% | 7.31% | 2.07% | 3.26% | 7.73% |
| Operating Expenses | 1.04B | 1.02B | 1.07B | 1.05B | 1.02B | 969M | 937.26M | 853.55M | 851.41M | 834M | 765.21M | 695.95M | 671.59M | 631.8M | 615.52M | 621.58M | 608.31M | 582.17M | 559.52M | 527.38M | 515.67M | 506.9M | 477.32M | 465.95M | 448.48M | 468.24M | 513.63M | 461.8M | 440.6M | 421.4M | 399.9M |
| OpEx % of Revenue | - | 20.67% | 22.38% | 22.33% | 21.82% | 22.94% | 22.79% | 24.09% | 24.26% | 24.06% | 24.4% | 24.19% | 24.19% | 23.46% | 22.79% | 22.58% | 23.21% | 23.14% | 23.1% | 22.75% | 22.97% | 22.81% | 22.75% | 22.81% | 22.43% | 23.55% | 24.92% | 23.03% | 23.59% | 23.17% | 22.81% |
| Selling, General & Admin | 5.81B | 4.84B | 4.66B | 978.76M | 999.75M | 875.2M | 897.89M | 824.7M | 814.8M | 834M | 720.82M | 695.95M | 671.59M | 631.8M | 615.52M | 621.58M | 608.31M | 582.17M | 559.52M | 527.38M | 515.67M | 506.9M | 477.32M | 465.95M | 448.48M | 468.24M | 462.78M | 415.5M | 394.3M | 377.9M | 361.8M |
| SG&A % of Revenue | - | 97.71% | 97.25% | 20.84% | 21.29% | 20.72% | 21.83% | 23.28% | 23.22% | 24.06% | 22.98% | 24.19% | 24.19% | 23.46% | 22.79% | 22.58% | 23.21% | 23.14% | 23.1% | 22.75% | 22.97% | 22.81% | 22.75% | 22.81% | 22.43% | 23.55% | 22.45% | 20.72% | 21.11% | 20.78% | 20.64% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -3M | -3.82B | -3.59B | 70.19M | 25.11M | 93.8M | 39.36M | 28.85M | 36.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50.85M | 46.3M | 46.3M | 43.5M | 38.1M |
| Operating Income | 115.01M | 102.34M | 131.72M | 137.19M | 157.05M | 146.71M | 163.18M | 84.64M | 83.59M | 78.52M | 98.33M | 90.78M | 81.38M | 113.67M | 127.03M | 114.28M | 105.32M | 96.35M | 67.44M | 74.75M | 81.6M | 79.56M | 72.19M | 70.62M | 79.41M | 62.94M | 80.08M | 93M | 76.4M | 85.1M | 90.6M |
| Operating Margin % | 2.29% | 2.06% | 2.75% | 2.92% | 3.34% | 3.47% | 3.97% | 2.39% | 2.38% | 2.26% | 3.13% | 3.16% | 2.93% | 4.22% | 4.7% | 4.15% | 4.02% | 3.83% | 2.78% | 3.22% | 3.64% | 3.58% | 3.44% | 3.46% | 3.97% | 3.17% | 3.89% | 4.64% | 4.09% | 4.68% | 5.17% |
| Operating Income Growth % | - | -22.3% | -3.99% | -12.65% | 7.05% | -10.09% | 92.79% | 1.25% | 6.46% | -20.14% | 8.31% | 11.56% | -28.41% | -10.52% | 11.16% | 8.51% | 9.3% | 42.87% | -9.78% | -8.4% | 2.57% | 10.22% | 2.21% | -11.06% | 26.16% | -21.41% | -13.89% | 21.73% | -10.22% | -6.07% | 5.1% |
| EBITDA | 210.17M | 227.13M | 245.59M | 245.62M | 261.08M | 249.51M | 262.55M | 178.34M | 177.16M | 163.93M | 175.19M | 160.89M | 148.24M | 171.95M | 177.68M | 173.66M | 160.37M | 149.76M | 122.47M | 129.59M | 132.62M | 129.67M | 118.52M | 116.84M | 127.09M | 113.92M | 130.93M | 139.3M | 122.7M | 128.6M | 128.7M |
| EBITDA Margin % | 4.19% | 4.58% | 5.13% | 5.23% | 5.56% | 5.91% | 6.38% | 5.03% | 5.05% | 4.73% | 5.58% | 5.59% | 5.34% | 6.39% | 6.58% | 6.31% | 6.12% | 5.95% | 5.06% | 5.59% | 5.91% | 5.83% | 5.65% | 5.72% | 6.36% | 5.73% | 6.35% | 6.95% | 6.57% | 7.07% | 7.34% |
| EBITDA Growth % | -13.66% | -7.52% | -0.01% | -5.92% | 4.63% | -4.96% | 47.21% | 0.67% | 8.07% | -6.42% | 8.88% | 8.53% | -13.79% | -3.23% | 2.31% | 8.29% | 7.09% | 22.28% | -5.5% | -2.29% | 2.28% | 9.41% | 1.44% | -8.06% | 11.56% | -13% | -6.01% | 13.53% | -4.59% | -0.08% | 7.79% |
| D&A (Non-Cash Add-back) | 95.17M | 124.79M | 113.88M | 108.44M | 104.03M | 102.8M | 99.37M | 93.71M | 93.57M | 85.42M | 76.86M | 70.11M | 66.87M | 58.27M | 50.65M | 59.38M | 55.06M | 53.41M | 55.03M | 54.84M | 51.02M | 50.11M | 46.34M | 46.22M | 47.68M | 50.98M | 50.85M | 46.3M | 46.3M | 43.5M | 38.1M |
| EBIT | 115.01M | 102.34M | 131.72M | 137.19M | 157.05M | 146.71M | 163.18M | 84.64M | 83.54M | 78.52M | 98.33M | 90.78M | 81.38M | 113.67M | 127.03M | 114.28M | 105.32M | 96.35M | 67.58M | 74.75M | 81.6M | 96.22M | 86.38M | 70.62M | 79.41M | 62.94M | 80.08M | 93M | 76.4M | 85.1M | 90.6M |
| Net Interest Income | 10.5M | 13.38M | 17.58M | 9.74M | 0 | 0 | 2.31M | 5.13M | 0 | 0 | 2.46M | 0 | 2.29M | 4.68M | 3.47M | 3.33M | 2.07M | 1.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 10.5M | 13.38M | 17.58M | 9.78M | 82K | 0 | 2.31M | 5.13M | 0 | 0 | 0 | 0 | 2.29M | 4.68M | 3.47M | 3.33M | 2.07M | 1.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 38K | 82K | 0 | 0 | 0 | 0 | 0 | 2.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 18.51M | 21.61M | 18.56M | 9.51M | 3.73M | 1.6M | 501K | 4M | -1.45M | 504K | 26.34M | 1.55M | 2.29M | 4.68M | 3.88M | 3.33M | 2.07M | 1.56M | 975K | 3.01M | 4.48M | 3.08M | 1.22M | 17.58M | 15.28M | 18.91M | 36.73M | 31M | 58.1M | 33.5M | 30.2M |
| Pretax Income | 133.52M | 123.95M | 150.28M | 146.7M | 160.78M | 148.31M | 163.68M | 88.64M | 82.14M | 79.02M | 124.66M | 92.33M | 83.66M | 118.36M | 130.91M | 117.61M | 107.39M | 97.91M | 70.11M | 77.76M | 86.09M | 99.31M | 87.6M | 88.2M | 94.69M | 81.85M | 116.81M | 124M | 134.5M | 118.6M | 120.8M |
| Pretax Margin % | 2.66% | 2.5% | 3.14% | 3.12% | 3.42% | 3.51% | 3.98% | 2.5% | 2.34% | 2.28% | 3.97% | 3.21% | 3.01% | 4.4% | 4.85% | 4.27% | 4.1% | 3.89% | 2.89% | 3.35% | 3.84% | 4.47% | 4.18% | 4.32% | 4.74% | 4.12% | 5.67% | 6.18% | 7.2% | 6.52% | 6.89% |
| Income Tax | 32.45M | 30.26M | 40.33M | 42.87M | 35.58M | 39.46M | 44.76M | 20.66M | 19.4M | -19.39M | 37.5M | 33M | 29.28M | 45.17M | 48.4M | 42.02M | 39.09M | 35.11M | 23.12M | 26.77M | 30.08M | 35.88M | 30.41M | 33.63M | 35.54M | 31.79M | 42.99M | 44.3M | 50.8M | 40.4M | 41.9M |
| Effective Tax Rate % | 24.31% | 24.41% | 26.84% | 29.22% | 22.13% | 26.61% | 27.35% | 23.31% | 23.62% | -24.54% | 30.08% | 35.74% | 35% | 38.16% | 36.97% | 35.73% | 36.41% | 35.86% | 32.97% | 34.43% | 34.94% | 36.14% | 34.72% | 38.13% | 37.53% | 38.84% | 36.8% | 35.73% | 37.77% | 34.06% | 34.69% |
| Net Income | 101.07M | 93.69M | 109.94M | 103.83M | 125.2M | 108.85M | 118.92M | 67.98M | 62.74M | 98.41M | 87.16M | 59.33M | 54.38M | 73.19M | 82.51M | 75.58M | 68.29M | 62.8M | 46.99M | 50.99M | 56.01M | 63.42M | 57.19M | 54.58M | 59.15M | 50.05M | 73.82M | 79.7M | 83.7M | 78.2M | 78.9M |
| Net Margin % | 2.02% | 1.89% | 2.29% | 2.21% | 2.67% | 2.58% | 2.89% | 1.92% | 1.79% | 2.84% | 2.78% | 2.06% | 1.96% | 2.72% | 3.05% | 2.75% | 2.61% | 2.5% | 1.94% | 2.2% | 2.5% | 2.85% | 2.73% | 2.67% | 2.96% | 2.52% | 3.58% | 3.98% | 4.48% | 4.3% | 4.5% |
| Net Income Growth % | -5.77% | -14.78% | 5.89% | -17.07% | 15.02% | -8.47% | 74.92% | 8.36% | -36.25% | 12.91% | 46.91% | 9.1% | -25.69% | -11.3% | 9.16% | 10.68% | 8.74% | 33.63% | -7.83% | -8.96% | -11.69% | 10.89% | 4.79% | -7.73% | 18.17% | -32.2% | -7.37% | -4.78% | 7.03% | -0.89% | -0.63% |
| Net Income (Continuing) | 101.07M | 93.69M | 109.94M | 103.83M | 125.2M | 108.85M | 118.92M | 67.98M | 62.74M | 98.41M | 87.16M | 59.33M | 54.38M | 73.19M | 82.51M | 75.58M | 68.29M | 62.8M | 46.99M | 50.99M | 56.01M | 63.42M | 57.19M | 54.58M | 59.15M | 50.05M | 73.82M | 79.7M | 83.7M | 78.2M | 78.9M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 4.08 | 3.65 | 4.09 | 3.86 | 4.65 | 4.05 | 4.42 | 2.53 | 2.33 | 3.66 | 3.24 | 2.21 | 2.02 | 2.72 | 3.07 | 2.81 | 2.54 | 2.33 | 1.74 | 1.89 | 2.07 | 2.35 | 2.11 | 2.01 | 2.17 | 1.55 | 1.77 | 1.91 | 2.00 | 1.87 | 1.87 |
| EPS Growth % | 0% | -10.76% | 5.96% | -16.99% | 14.81% | -8.37% | 74.7% | 8.58% | -36.34% | 12.96% | 46.61% | 9.41% | -25.74% | -11.4% | 9.25% | 10.63% | 9.01% | 33.91% | -7.94% | -8.7% | -11.91% | 11.37% | 4.98% | -7.37% | 40% | -12.43% | -7.33% | -4.5% | 6.95% | 0% | 1.63% |
| EPS (Basic) | - | 3.65 | 4.09 | 3.86 | 4.65 | 4.05 | 4.42 | 2.53 | 2.33 | 3.66 | 3.24 | 2.21 | 2.02 | 2.72 | 3.07 | 2.81 | 2.54 | 2.33 | 1.74 | 1.89 | 2.07 | 2.35 | 2.11 | 2.01 | 2.17 | 1.55 | 1.77 | 1.91 | 2.00 | 1.87 | 1.87 |
| Diluted Shares Outstanding | 24.74M | 25.69M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.92M | 26.97M | 26.99M | 27.03M | 27.03M | 27.1M | 27.19M | 27.2M | 32.3M | 41.7M | 41.72M | 41.78M | 41.93M | 42.28M |
| Basic Shares Outstanding | 24.74M | 25.69M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.9M | 26.92M | 26.97M | 26.99M | 27.02M | 27.03M | 27.1M | 27.19M | 27.2M | 32.3M | 41.7M | 41.72M | 41.78M | 41.84M | 42.28M |
| Dividend Payout Ratio | - | 37.48% | 33.27% | 35.23% | 27.93% | 30.89% | 28.05% | 49.06% | 51.88% | 32.8% | 37.03% | 54.4% | 59.36% | 44.1% | 39.12% | 77.23% | 45.69% | 49.73% | 66.56% | 61.4% | 55.96% | 47.73% | 100.43% | 54.8% | 49.67% | 74.32% | 59.86% | 53.33% | 48.86% | 50.26% | - |
Thin operating margin sensitivity
According to recent financial disclosures, WMK achieved a 4.6% year-over-year revenue increase in 2026Q1, suggesting that the company is maintaining a steady, albeit slow, growth trajectory that appears largely driven by inflationary price pass-throughs rather than significant volume expansion in its core Mid-Atlantic retail markets.
The consistent low-single-digit revenue growth indicates a mature business model that lacks aggressive expansion catalysts. Investors should monitor whether this growth rate can outpace regional food-at-home inflation, as any failure to do so may imply a gradual erosion of market share to more aggressive national competitors.
As reported in the latest income statements, WMK's operating margin remains constrained at 2.06%, reflecting a structural inability to expand profitability despite the company's localized logistics advantages and vertical integration within its Sunbury-centric distribution network, which appears to be offset by rising operational overhead costs.
The thin operating margin suggests that the company has limited pricing power in a highly competitive grocery landscape. This lack of margin expansion implies that any volatility in labor or utility costs could disproportionately impact bottom-line results, leaving little room for operational error.
Based on the provided quarterly data, WMK's operating income has failed to scale consistently with gross profit, indicating that SG&A expenses often fluctuate in a manner that absorbs potential efficiency gains, thereby limiting the company's ability to demonstrate meaningful operating leverage in its current retail configuration.
The erratic nature of SG&A line items suggests that management may be prioritizing store maintenance and localized service levels over aggressive cost-cutting. This approach may protect long-term brand equity but appears to prevent the realization of economies of scale that would otherwise benefit shareholders.
While the company maintains a fortress balance sheet, the persistent 2.06% operating margin, as evidenced by recent filings, suggests that short-sellers may focus on the risk of margin compression if the company is forced to increase promotional activity to defend its market share against larger peers.
The reliance on private label growth to stabilize margins may be insufficient if consumer trade-down behavior reaches a saturation point. Investors should investigate whether the current cost structure is truly defensible or if it is merely a byproduct of a lack of investment in digital and automated efficiencies.
Quick answers to the most common questions about buying WMK stock.
For fiscal year 2025, Weis Markets, Inc. (WMK) reported total revenue of $4.96B. This represents a 182.8% increase compared to $1.75B in 1996.
Weis Markets, Inc. (WMK) is profitable, generating $93.7M in net income for the fiscal year ending 2025 with a net profit margin of 1.9%.
Weis Markets, Inc. (WMK) reported an operating income of $102.3M, resulting in an operating profit margin of 2.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Weis Markets, Inc. (WMK) generated $1.13B in gross profit for the year, representing a gross profit margin of 22.7%. This demonstrates the company's core pricing power and production efficiency.