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Amcon Distributing: New ship (no warning signs)New ship

Amcon Distributing $DIT

Grew revenue 3.9% in FY2025 to $2.8 billion, operating margin 0.4% against a 1.4% median for groceries, general line, equity 28.9% of assets.

Last filing8-K · Item 8.01 Other Events, 12 Aug 2026

Health watchNo warning filings in 12 months
Next year, 80%$2.6B–$3.4B
Growth, on the year3.9%
Operating margin0.4%
Equity of assets28.9%
Credibility50%
Track record11 of 12
Edgarette’s full reading · exposure, experience, soundness, credibility, range

🫧 Edgar looked up AMCON DISTRIBUTING CO ($DIT). Last filing: 8-K (8.01 Other Events), 2026-08-12. 7 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $2.8B (FY2025), total debt $16.5M. Experience: revenue up 3.9% on the year, up 13.9% a year over 4 years; operating margin 0.4%, down from 0.7%. Soundness: equity 28.9% of assets, return on equity 0.5%, payout 113.5% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.6B and $3.4B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.4B to $3.7B. A statistical range, not company guidance. Against peers (30 filers, $50M+ revenue, its industry group): operating margin 0.4% against a 1.4% median; growth 3.9% against 0.9%.

Read from its own SEC filings · nothing written, nothing inferred

AMCON DISTRIBUTING CO against its own record and its peers
Operating marginPeer median 1.4%0.4%Revenue, on the yearPeer median 0.9%3.9%Equity of assetsPeer median 29.9%28.9%Return on equityPeer median -4.7%0.5%Payout of profitPeer median 29.9%113.5%Gold tick: the median of 10–28 peers with $50M+ revenue in wholesale-groceries, general line
Handed back now, or kept to compound · of each dollar of profit
113.5% paid outMore was paid out than was earned in the year.Handed back per share$1Growth its own profit can fund0.0%managed 3.9% last year

Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.

Speed and cash · fiscal 2025

Cash Compass⚡ Fast, cash not yet · growing fast, but little cash arriving so far
Inside viewTurns 0.7% of revenue into operating cash; revenue growing 11.9% a year over three years; pays and raised its dividend.
Outside viewAmong $1B-10B companies: 7th percentile for cash, 74th for growth. cash growth

Both views must agree for a label · a description, not advice.

Cash flow (op · inv · fin · free)$19M · −$15M · −$4M · $10M
Investment book (cash · short · long)$1M · — · — · current ratio 2.14
Revenue swing · equity of assets9.4% · 30.1%

Amcon Distributing is growing faster than its size class, with revenue that swings more. Its own audited SEC figures.

The figures, as filed

Fiscal year end2025-09-30
Revenue$2.8B
Revenue, on the year3.9%
Revenue, a year over the record13.9%
Operating margin0.4%
Operating margin, prior year0.7%
Net margin0.0%
Research and developmentnot filed separately
Total debt$17M
Equity of assets28.9%
Return on equity0.5%
Payout of profit113.5%
Dividend per share$1
Earnings per share$0.93
Book value per share$183.41
Revenue per share$4568.94
Shares outstanding616,486
Audited years read5

Peers: the median of 30 filers with $50M+ revenue in wholesale-groceries, general line.

Classic signals · fiscal 2025Altman Z″ 3.68 safe zone 1968Piotroski F 4 of 9 middling 2000Beneish M -2.66 below the −1.78 line 1999Sloan accruals -4.7% earnings backed by cash 1996DuPont ROE 0.5% = margin 0% × turns 7.36 × leverage 3.4

What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →

Health HarborAmcon Distributing sails as: New ship

Health watch · 12 monthsquiet · none of the watched events filed

Sailing speed follows growth: 11.9% a year crosses the harbor in 44 seconds.

🌊 Visit the Bay →

No warning signs on the measures below.

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Brand success factors · calendar 2025

The Trillion Score: 495

Exponential Success Score

Built on over $200 trillion of sworn revenue, 13 years of data, 770,002 figures. Sealed by Edgarette.

How The Trillion Score works. We read eight measures of success from Amcon Distributing's own SEC filings and test each one against the public companies in its field, here wholesale groceries & related products. The longer and fuller the record, the more weight those results carry. A model built on past filings then turns them into the odds of thriving, which means outgrowing the field for three years without a severe decline. A score of 500 is about average, and every 100 points doubles the odds. Every company is ranked on this same scale.

What it says here. At 495, Amcon Distributing's odds of thriving come to 36%, against about 37% for the typical filer. It meets 5 of 8 success points.

495The Trillion Score
36%modeled odds of thriving over three years
MediumFall Risk
#4 of 9rank in its field
#1,457 of 2,824rank across all filers

What the score means

The higher the score, the more often companies went on to thrive. At this level, about 35 of every 100 did.

31%Under 45035%450 to 499This company: 49538%500 to 54944%550 to 59957%600 and up

Share of companies that beat their field for three years with no severe decline, tested on 2019 to 2022 filings.

Fall Risk: Medium

Separate from the score, this asks what could go wrong: the odds of sales falling 30% or the filings stopping within three years. In the tests, about 22 of every 100 companies in the Medium band did. That is the group's history, not a forecast for this company.

MoneyIt keeps about 0 cents of free cash from each sales dollar after paying for its plants and equipment.high
SwingsEven in its worst years on record, sales still grew.3.8% a year
Filed eventsNo such 8-K events in the last two years.0

The eight success points

PointWhat it meansPlace in field
SpeedSales grew faster than most of its field.89 of 100Met
SteadinessGrowth was strong for how much it swung, so it looks dependable.100 of 100Met
Price premiumIt keeps less of each sales dollar than the leaders in its field.0 of 100Not yet
Margin stays above the fieldIts margin has not held above the field for long.0 of 100Not yet
Moat half-lifeIts margin edge is fading fast, or it has none yet.0 of 100Not yet
Brand spend yieldBrand spending returns more gross profit than for most of its field.60 of 100Met
Learning curveCosts fell as a share of sales as it grew.88 of 100Met
Climb in the fieldIt has been moving up the size ranks in its field.67 of 100Met

Price premium -$302M is the extra gross profit over a field-median margin. Momentum $15M is gross profit times growth above the field's pace.

The actuarial view

CredibilityWith 8 years of filings, the record earns 70% of the weight. The rest stays at the middle of the field.0.70
Severe decline, class BAbout 26 of every 100 companies with this many points fell 30% or stopped reporting within three years.26.1%
Actual vs expectedSales are 27% higher than if it had simply kept pace with its field.1.27

Top of its field: #1 Domino's Pizza · #2 Chefs' Warehouse · #3 Sysco · #4 Amcon Distributing · #5 HF Foods

Ranked by The Trillion Score. See the method and score your own brand. Tested on 2019 to 2022 filings. Odds, class and Fall Risk figures are the experience of similar filers, not a forecast for this company. A statistical description of past filings, not a rating or advice.

Recent filings

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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Data & Disclosure Notice: Edgar and Edgarette are automated software. Every figure on this page is calculated by software from public filings made by companies and funds with the U.S. Securities and Exchange Commission (EDGAR) and is published without individual human review. The accuracy and completeness of those filings are the responsibility of the filers; reports can contain errors and can be amended. Figures are shown as filed and as of each filing's date, and this page may be corrected or updated without notice. Ranges, expected returns, rankings, boats and other measures are statistical descriptions of past filings, not ratings, price forecasts, company guidance or recommendations; past results do not guarantee future results. This is general information published for all readers, not advice tailored to any person's portfolio, needs or circumstances, and nothing here is financial, investment, actuarial, legal, tax or other professional advice. Actuaries and other professionals who use these figures remain responsible for reviewing them for reasonableness and consistency against the original filings and for disclosing their reliance on them. No company, fund or reinsurer pays to be included or ranked. Provided as is, without warranty of any kind. Not affiliated with or endorsed by the SEC or by any company, fund or reinsurer named. All trademarks remain the property of their owners.