Weis Markets, Inc. (WMK) Income Statement

30Y historyFree accessUpdated daily

Revenue growth has been stable at 4.6% in 2026Q2, but operating margin has compressed from 3.4% in 2024Q4 to 2.3%, reflecting competitive pricing pressures.

Annual statement

WMK Income Statement

Weis Markets, Inc. (WMK) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

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	5.11B	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 %	4.04%	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	3.8B	3.72B	3.59B	3.54B	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	-	74.99%	74.87%	75.26%	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	1.31B	1.24B	1.2B	1.16B	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 %	25.59%	25.01%	25.13%	24.74%	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 %	-	2.97%	3.63%	-1.69%	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	1.18B	1.13B	1.07B	1.02B	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	-	22.72%	22.38%	21.82%	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	1.09B	1.01B	969.56M	926.75M	1B	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	462.78M	415.5M	394.3M	377.9M	361.8M
SG&A % of Revenue	-	20.44%	20.23%	19.73%	21.32%	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%	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	112.8M	102.8M	98M	23.7M	0	0	0	0	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	129.62M	113.65M	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 %	2.54%	2.29%	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 %	-	-13.71%	-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	225.96M	238.44M	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 %	4.43%	4.81%	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 %	-6.47%	-2.91%	-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)	96.34M	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	133.53M	123.95M	150.28M	146.7M	160.78M	148.31M	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	0	0	0	0	0	0	0	0	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 Income	0	0	0	0	0	0	0	0	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	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
Other Income/Expense	5.54M	10.29M	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	135.15M	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 %	2.65%	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	33.78M	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 %	25%	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	101.37M	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 %	1.99%	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 %	1.46%	-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)	101.37M	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)	4.10	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 %	7.63%	-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	26.89M	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%	-

Key Metrics

Growth RegimeStable

ProfitabilityStable

Balance SheetAdequate

Cash FlowStable

Top Statement Risk

Margin compression from competitive pricing

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q2)

Steady Growth Amidst Grocery Competition

Revenue growth has remained in a narrow 0.6% to 4.7% range over the past ten quarters, with the latest quarter showing 4.6% growth, according to company filings.

The consistent low-single-digit growth suggests a mature market position with limited expansion opportunities. The recent uptick to 4.6% in 2026Q2 may reflect modest same-store sales gains or new store contributions, but the lack of acceleration indicates a stable, non-cyclical demand profile typical of grocery staples.

Gross Margin Resilience Under Pressure

Gross margin has fluctuated between 16.2% and 26.3% over the last ten quarters, with the latest quarter at 25.8%, as reported in financial statements.

The wide swing in 2025Q4 (16.2%) appears anomalous, possibly due to inventory adjustments or promotional activity, but the recent recovery to 25.8% aligns with the historical average. Compared to peers like Village Super Market (28.6%) and Ingles Markets (23.9%), WMK's gross margin sits in the middle, suggesting moderate pricing power but vulnerability to competitive discounting.

Operating Leverage Limited by SG&A Fluctuations

Operating margin has ranged from 1.8% to 3.4% over the past ten quarters, with the latest at 2.3%, based on reported figures.

The variability in SG&A, which spiked to $1.2B in 2026Q1 and $3.1B in 2025Q4, appears inconsistent with revenue levels, possibly indicating one-time charges or data anomalies. Excluding these outliers, operating leverage is minimal, as operating income growth roughly tracks revenue growth, suggesting a cost structure that scales proportionally with sales.

Earnings Stability with Tax Rate Anomalies

Net margin has remained between 1.5% and 2.8% over the past ten quarters, with the latest at 1.8%, according to SEC filings.

The absence of stock-based compensation (SBC) in all periods simplifies earnings quality, but the tax rate appears to fluctuate, as evidenced by the 48.7% EPS growth in 2026Q1 despite only 4.6% revenue growth. This suggests non-operating items or tax benefits may be influencing net income, warranting further investigation into the sustainability of these earnings.

COGS Dominates Cost Structure

COGS consistently represents roughly 75% of revenue, with the latest quarter at 74.2%, as disclosed in financial statements.

The high proportion of COGS underscores the commodity-driven nature of grocery retail, leaving limited room for cost reduction without impacting product quality or pricing. SG&A, when not distorted by anomalies, averages around 20% of revenue, indicating a lean overhead structure but with little flexibility to absorb margin shocks.

Margin Compression Risk from Competitive Pressures

Despite stable revenue growth, operating margins have contracted from 3.4% in 2024Q4 to 2.3% in 2026Q2, as per company reports.

The downward trend in operating margin, despite stable gross margins, suggests rising SG&A costs or competitive pricing pressures. With peers like Casey's General Stores achieving 5.9% operating margins, WMK's lower profitability may indicate a lack of pricing power or operational inefficiencies. If this trend continues, it could erode shareholder value, especially given the company's modest growth prospects.

WMK — Frequently Asked Questions

Quick answers to the most common questions about buying WMK stock.

What was Weis Markets, Inc.'s (WMK) revenue in 2025?

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.

Is Weis Markets, Inc. (WMK) profitable?

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%.

What is Weis Markets, Inc.'s operating profit margin?

Weis Markets, Inc. (WMK) reported an operating income of $113.7M, resulting in an operating profit margin of 2.3%. This margin reflects the operational efficiency of the business before interest and taxes.

What is Weis Markets, Inc.'s gross profit and gross margin?

Weis Markets, Inc. (WMK) generated $1.24B in gross profit for the year, representing a gross profit margin of 25.0%. This demonstrates the company's core pricing power and production efficiency.