DIT AMCON DISTRIBUTING CO

Overview and Growth

Fiscal 2025 results for AMCON DISTRIBUTING CO combined $2.82B of revenue with net income of $568.74K and an operating cash inflow of $18.67M. Revenue of $2.82B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $2.71B in fiscal 2024, revenue recorded a 3.9% year-over-year increase. Diluted earnings per share were $0.92, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 87.1% decrease from fiscal 2024 diluted EPS of $7.15.

Profitability

The first profit layer was $188.23M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 6.7% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $12.56M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 0.4% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $568.74K, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 0.0% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $1.56M of earnings, providing a bridge between the operating result and final net income. The pretax margin was 0.1%, relating income before taxes directly to revenue. Income tax expense totaled $995.00K, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 63.6%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

The company held $391.09M of assets against $278.02M of liabilities and $113.07M of equity, revealing how the asset base was financed. At period end, current assets of $239.50M compared with current liabilities of $112.09M, defining the company’s short-term resource position. The current ratio was 2.14x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $744.61K, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 0.7% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $16.51M of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 0.15x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 4.2% of total assets, placing borrowing in the context of the company’s full resource base. Relative to total assets, liabilities measured 71.1%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 0.2%, comparing reported cash and equivalents with the full positive asset balance.

Cash Flow and Earnings Quality

Cash flow from operations was $18.67M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 32.82x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $9.00M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 48.2% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $9.66M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 0.3%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 2.5% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Sep 30, 2025. Analysis generated Oct 21, 2026.