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Grocery Outlet vs Kroger: revenue, profit, margins and growth compared

Grocery Outlet brought in $4.7B of revenue in fiscal 2025, Kroger $147.6B in fiscal 2025. Revenue changed by +7.3% at Grocery Outlet and +0.4% at Kroger on the year before, so Grocery Outlet grew faster. Grocery Outlet kept -4.8% of its revenue as net profit, Kroger 0.7%. Free cash flow was $23.8M at Grocery Outlet and $3.5B at Kroger.

Side by side, latest fiscal year

GOKR
Fiscal year endedFY2025 (January 3, 2026)FY2025 (January 31, 2026)
Revenue$4.7B$147.6B
Revenue growth+7.3%+0.4%
Net income-$224.9M$1B
Net margin-4.8%0.7%
Free cash flow$23.8M$3.5B
Free cash flow margin0.5%2.3%
Earnings per share (diluted)-$2.30$1.54
Cash$69.6M$3.3B
Debt$492.9M$15.9B
Price to earningsn/a38.1
Market value$1.1B$36B
Dividend yieldn/a2.33%
Rank by revenue in sector#39 of 93 · Consumer staples#2 of 93 · Consumer staples

Over the years

Revenue
GO FY2019: $2.3BGO FY2019: $2.6BGO FY2020: $3.1BGO FY2021: $3.1BGO FY2022: $3.6BGO FY2023: $4BGO FY2024: $4.4BGO FY2025: $4.7BKR FY2018: $121.9BKR FY2019: $122.3BKR FY2020: $132.5BKR FY2021: $137.9BKR FY2022: $148.3BKR FY2024: $150BKR FY2025: $147.1BKR FY2025: $147.6BFY18FY19FY20FY21FY22FY23FY24FY25
GO $4.7BKR $147.6B
Net income
GO FY2019: $15.9MGO FY2019: $15.4MGO FY2020: $106.7MGO FY2021: $62.3MGO FY2022: $65.1MGO FY2023: $79.4MGO FY2024: $39.5MGO FY2025: -$224.9MKR FY2018: $3.1BKR FY2019: $1.7BKR FY2020: $2.6BKR FY2021: $1.7BKR FY2022: $2.2BKR FY2024: $2.2BKR FY2025: $2.7BKR FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
GO -$224.9MKR $1B
Net margin
GO FY2019: 0.7%GO FY2019: 0.6%GO FY2020: 3.4%GO FY2021: 2.0%GO FY2022: 1.8%GO FY2023: 2.0%GO FY2024: 0.9%GO FY2025: -4.8%KR FY2018: 2.6%KR FY2019: 1.4%KR FY2020: 2.0%KR FY2021: 1.2%KR FY2022: 1.5%KR FY2024: 1.4%KR FY2025: 1.8%KR FY2025: 0.7%FY18FY19FY20FY21FY22FY23FY24FY25
GO -4.8%KR 0.7%
Revenue growth
GO FY2019: +11.9%GO FY2020: +22.5%GO FY2021: -1.8%GO FY2022: +16.2%GO FY2023: +10.9%GO FY2024: +10.1%GO FY2025: +7.3%KR FY2019: +0.4%KR FY2020: +8.4%KR FY2021: +4.1%KR FY2022: +7.5%KR FY2024: +1.2%KR FY2025: -1.9%KR FY2025: +0.4%FY19FY20FY21FY22FY23FY24FY25
GO +7.3%KR +0.4%
Free cash flow
GO FY2019: $41MGO FY2019: $35.6MGO FY2020: $56.3MGO FY2021: $42.2MGO FY2022: $55MGO FY2023: $134.5MGO FY2024: -$74.6MGO FY2025: $23.8MKR FY2018: $1.2BKR FY2019: $1.5BKR FY2020: $4BKR FY2021: $3.6BKR FY2022: $1.4BKR FY2024: $2.9BKR FY2025: $1.8BKR FY2025: $3.5BFY18FY19FY20FY21FY22FY23FY24FY25
GO $23.8MKR $3.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Grocery Outlet and Kroger

Which is bigger by revenue, Grocery Outlet or Kroger?

Kroger is bigger by revenue: $147.6B in fiscal 2025, against $4.7B for Grocery Outlet in fiscal 2025.

Which keeps more of its revenue as profit, Grocery Outlet or Kroger?

Grocery Outlet had a net margin of -4.8% in fiscal 2025; Kroger had 0.7% in fiscal 2025.

Which grew revenue faster, Grocery Outlet or Kroger?

In their latest fiscal years revenue changed by +7.3% at Grocery Outlet and +0.4% at Kroger.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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