AMCON Distributing Company (DIT) AI Stock Analysis

NYSE American: DITAI research summary: business, growth, valuation, analysts, bull and bear case.

DIT AI stock analysis summary

AI Research

AMCON Distributing Company (DIT) operates wholesale consumer product distribution and retail health food stores across multiple US regions. While annual revenue reached $2.82B in FY2025 with a 5-year CAGR of 20.1%, net income narrowed to $568,739 with an operating margin of 0.4%. The company also carries $200.5M in net debt against $636,644 in cash and short-term investments.

Market cap
$58.6M
Revenue (TTM)
$2.44B
P/E
31.1x
fwd 5.6x
1Y return
-23.7%
S&P 500 16.8%
Avg. target
—

Bull case

  • Quarterly revenue grew 13.3% year-over-year in the period ended June 30, 2026, while quarterly earnings jumped 100.7%.
  • AMCON trades at a forward P/E of 5.6x, below the US-listed Consumer Defensive peer median of 14.3x.
  • The company generated $9.7M in free cash flow and $18.7M in operating cash flow during FY2025.

Bear case

  • Net income collapsed from $15.5M in FY2021 to $568,739 in FY2025, leaving a net margin of 0.0%.
  • Total debt of $201.1M significantly exceeds the cash balance of $636,644 as of June 30, 2026.
  • Shares declined 23.7% over the past year, underperforming the S&P 500 benchmark gain of 16.8%.

What AMCON Distributing does

Established in 1986 and headquartered in Omaha, Nebraska, AMCON Distributing Company operates through two segments: Wholesale Distribution and Retail Health Food. Wholesale Distribution serves convenience stores, discount retailers, grocery chains, drug stores, liquor outlets, tobacco shops, gas stations, and institutional customers across the Central, Rocky Mountain, and Mid-South regions. Its inventory encompasses cigarettes, tobacco items, candy, beverages, groceries, paper goods, health and beauty items, and frozen or refrigerated food, as well as private label goods. The Retail Health Food segment operates twenty stores under brand names including Chamberlin's Natural Foods, Akin's Natural Foods, and Earth Origins Market, offering organic produce, baked goods, supplements, and personal care merchandise.

Growth and profitability

Between FY2021 and FY2025, AMCON increased revenue from $1.67B to $2.82B, representing a 5-year revenue CAGR of 20.1%. Annual revenue growth slowed from 48.3% in FY2021 and 26.3% in FY2023 to 3.9% in FY2025. Gross margin expanded from 6.0% in FY2021 to 6.7% in FY2025, but operating margin decreased from 1.1% to 0.4%. Net income contracted from $15.5M in FY2021 to $568,739 in FY2025, with diluted EPS declining from $43.74 to $0.91 over the same span. For the trailing twelve months ended June 30, 2026, revenue stood at $2.44B with a profit margin of 0.1%. In the quarter ended June 30, 2026, quarterly revenue grew 13.3% year-over-year while quarterly earnings expanded 100.7%.

DIT income statement →

Balance sheet and cash flow

As of June 30, 2026, AMCON held $636,644 in cash and short-term investments and $201.1M in total debt, resulting in net debt of $200.5M. Shareholders' equity was $115.5M against total assets of $399.3M, yielding a debt-to-equity ratio of 1.74 and a current ratio of 2.75. In FY2025, operating cash flow was $18.7M and capital expenditures were $9.0M, generating free cash flow of $9.7M. The company directed cash toward $1.1M in share buybacks and paid dividends of $645,462.

DIT balance sheet →

Valuation and performance

AMCON trades at a trailing price-to-earnings multiple of 31.1x, above the 18.6x median of its US-listed Consumer Defensive peers. Its forward P/E is 5.6x compared to the peer median of 14.3x, and its EV-to-EBITDA stands at 11.6x versus 11.7x for peers. With a market capitalization of $58.6M and enterprise value of $266.4M, the stock trades at 0.0x sales and 0.6x book value. Shares closed at $60.00 on October 16, 2026, declining 23.7% over 1 year and 30.6% over 5 years, trailing the S&P 500 returns of 16.8% and 83.0% over those respective periods.

DIT key metrics →

DIT dividend

AMCON offers a forward annual dividend of $0.48 per share, which corresponds to a dividend yield of 0.80% and a payout ratio of 21.1%. While the company has maintained 19 consecutive years of payments, its annualized dividend growth over the past 5 years fell 30.1%. The last ex-dividend date occurred on August 7, 2026.

DIT dividend history →

What analysts expect

AMCON has beat earnings per share estimates in 3 of the last 4 reported quarters. The company's next scheduled earnings date is November 6, 2026. Official analyst price targets, forward recommendation ratings, and forward consensus target data are not published for the company. The stock closed at $60.00 on October 16, 2026, positioned near its 52-week low of $59.15 and down 19.6% from its 200-day average.

Key risks and what to watch

  • Profitability is exposed to thin operating margins of 0.7% on a trailing-twelve-month basis and 0.4% in FY2025.
  • A debt-to-equity ratio of 1.74 paired with $200.5M in net debt creates liquidity and refinancing exposure relative to cash of $636,644.
  • The 5-year annualized dividend growth dropped 30.1%, reflecting reduced distributions over time.
  • Share count increased 63.0% over the last 5 years, diluting existing equity holders.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this DIT AI stock analysis

This page is an AI-written research summary of AMCON Distributing Company (DIT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: DIT income statement, DIT balance sheet, DIT key metrics, DIT chart. See the DIT stock overview for the latest quote and news.

DIT AI stock analysis FAQ

What is AMCON Distributing Company's primary business?

AMCON specializes in wholesale distribution of consumer items, including tobacco, food, beverages, and groceries, to convenience stores and retailers, while also operating twenty retail health food stores.

Does DIT pay a dividend?

Yes, DIT pays an annual forward dividend of $0.48 per share, which translates to a dividend yield of 0.80% and a payout ratio of 21.1%.

What is DIT's net debt position?

As of June 30, 2026, AMCON held $636,644 in cash and $201.1M in total debt, resulting in net debt of $200.5M.

How did DIT stock perform over the last year?

DIT generated a 1-year return of -23.7%, trailing the S&P 500 return of 16.8% over the same timeframe.

When is DIT's next earnings report expected?

The company's next earnings release is scheduled for November 6, 2026.

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