Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Amcon Distributing Co.DIT · shops | |
|---|---|
| Grade |  Astrongest fifth of 258 graded peers; percentile 14.4, sampling error 2.9 points; lower is stronger |
| Rank | 38 of 258 |
| Profitability | Bpercentile 33.5 |
| Solvency | Bpercentile 25.5 |
| Growth and financing | Cpercentile 50.1 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $391.1M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: short runway, distress, fortress balance sheet |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Nov 7, 2025336 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $59.172026-07-23; market equity $57.8M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Nov 7, 2025; the document on sec.gov.
AMCON Distributing Company was incorporated in Delaware in 1986 and our common stock is listed on NYSE American under the symbol “DIT.” The Company serves customers in 34 states through two business segments: ●Our wholesale distribution segment (the “Wholesale Segment”), which includes our Team Sledd, LLC (“Team Sledd”) and Henry’s Foods, Inc. (“Henry’s”) subsidiaries, distributes consumer products and provides a full range of programs and services to our customers that are focused on helping them manage their business and increase their profitability. We serve customers primarily in the Central, Rocky Mountain, Great Lakes, Mid-South and Mid-Atlantic regions of the United States.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 33.5 | |||||||
| Gross profitability | 48.1% | [1,3] | 42.6% | 41.5 | 242 | 2025-09-30 | |
| Return on invested capital | not computable | 10.9% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | (4.7%) | [1,4-6] | (4.9%) | 55.2 | 287 | 2025-09-30 | |
| Gross margin stability, five years | 0.3 pts | [2-3,7-14] | 1.2 pts | 3.7 | 219 | 2025-09-30 | |
| Solvency, sleeve percentile 25.5 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2026-06-30 | |||||||
| Altman Z double-prime | not computable | 1.92 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | not computable | 1.84x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | not computable | 2.26x | |||||
| latest aligned inputs end 2024-09-30; latest annual assets end 2025-09-30 | |||||||
| Current ratio | 2.14x | [15-16] | 1.37x | 25.5 | 295 | 2025-09-30 | |
| Growth and financing, sleeve percentile 50.1 | |||||||
| Revenue growth, three-year compound | 11.9% | [2,8,10,12] | 1.5% | 11.6 | 269 | 2025-09-30 | |
| Free cash flow growth, three-year compound | 5.6% | [5,17-23] | 5.6% | 50.0 | 147 | 2025-09-30 | |
| Reinvestment rate | (202.6%) | [15-17,24-29] | 7.3% | 96.0 | 152 | 2025-09-30 | |
| Asset growth, three years | 10.6% | [1,6,30-31] | 3.4% | 17.7 | 272 | 2025-09-30 | |
| Net share issuance, one year | 0.8% | [32-33] | (0.6%) | 75.2 | 211 | 2025-11-06 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.322; sampling error 2.9 percentile points on 258 peers.
Among 258 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 33 | Ollie's Bargain Outlet Holdings, Inc. (OLLI) Ollie's Bargain Outlet Holdings, Inc. (OLLI) Astrongest fifth; percentile 12.5 Nasdaq · Retail-Variety Stores market equity $5.2B; last close $86.75 Warnings: fortress balance sheet; 12 of 14 inputs | 12.5 | A | fortress balance sheet |
| 34 | Unifirst Corp. (UNF) Unifirst Corp. (UNF) Astrongest fifth; percentile 12.8 NYSE · Services-Personal Services last close $259.95 Warnings: late filer, fortress balance sheet; 8 of 14 inputs | 12.8 | A | late filer, fortress balance sheet |
| 35 | Richardson Electronics, Ltd. (RELL) Richardson Electronics, Ltd. (RELL) Astrongest fifth; percentile 13.2 Nasdaq · Wholesale-Electronic Parts & Equipment, NEC last close $20.09 No active warnings; 8 of 14 inputs | 13.2 | A | |
| 36 | Village Super Market Inc. (VLGEA) Village Super Market Inc. (VLGEA) Astrongest fifth; percentile 13.6 Nasdaq · Retail-Grocery Stores last close $43.99 Warnings: fortress balance sheet; 10 of 14 inputs | 13.6 | A | fortress balance sheet |
| 37 | Core & Main, Inc. (CNM) Core & Main, Inc. (CNM) Astrongest fifth; percentile 14.0 NYSE · Wholesale-Durable Goods, NEC last close $40.38 No active warnings; 9 of 14 inputs | 14.0 | A | |
| 38 | Amcon Distributing Co. (DIT) Amcon Distributing Co. (DIT) Astrongest fifth; percentile 14.4 NYSE · Wholesale-Groceries, General Line market equity $62.0M; last close $59.17 No active warnings; 9 of 14 inputs | 14.4 | A | |
| 39 | Signet Jewelers Ltd. (SIG) Signet Jewelers Ltd. (SIG) Astrongest fifth; percentile 14.8 NYSE · Retail-Jewelry Stores market equity $4.1B; last close $105.81 No active warnings; 10 of 14 inputs | 14.8 | A | |
| 40 | Sally Beauty Holdings, Inc. (SBH) Sally Beauty Holdings, Inc. (SBH) Astrongest fifth; percentile 15.2 NYSE · Retail-Retail Stores, NEC market equity $1.5B; last close $16.03 No active warnings; 13 of 14 inputs | 15.2 | A | |
| 41 | Rush Enterprises Inc. \Tx\ (RUSHA) Rush Enterprises Inc. \Tx\ (RUSHA) Astrongest fifth; percentile 15.8 Nasdaq · Retail-Auto Dealers & Gasoline Stations last close $45.14 No active warnings; 11 of 14 inputs | 15.8 | A | |
| 42 | Rush Enterprises Inc. \Tx\ (RUSHB) Rush Enterprises Inc. \Tx\ (RUSHB) Astrongest fifth; percentile 15.8 Nasdaq · Retail-Auto Dealers & Gasoline Stations last close $56.16 No active warnings; 11 of 14 inputs | 15.8 | A | |
| 43 | American Eagle Outfitters Inc. (AEO) American Eagle Outfitters Inc. (AEO) Astrongest fifth; percentile 16.3 NYSE · Retail-Family Clothing Stores market equity $3.0B; last close $17.97 Warnings: fortress balance sheet; 11 of 14 inputs | 16.3 | A | fortress balance sheet |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | B | 22.9 | 2204 |
| sector peers, equal sleeves (the grade) | A | 14.4 | 258 |
| same exchange, equal sleeves | A | 12.1 | 984 |
| sector peers, equal inputs | B | 25.3 | 258 |
Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-07-23 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (8.2%) | (0.1%) | 39 | hotter than 39 of 100 peers |
| Distance from 52-week high | (33.5%) | (24.1%) | 38 | closer to its high than 38 of 100 peers |
| EBIT to enterprise value | not computable | 5.3% | required accounting or market input is missing | |
| Free cash flow yield | 15.6% | 4.2% | 91 | pricier than 9 of 100 peers |
| Book value to price | 1.86 | 0.36 | 92 | pricier than 8 of 100 peers |
| Sales to price | 45.41 | 1.75 | 99 | pricier than 1 of 100 peers |
| Composite equity issuance, five years | 3.5% | (16.7%) | 82 | more equity-funded than 82 of 100 peers |
| Relative strength against the sector, log excess return | (0.06) | 0.02 | 39 | ahead of 39 of 100 peers |
Inputs: market equity $62.0M; EBIT $12.6M; free cash flow $9.7M; book equity $115.5M; sales $2.8B; debt $16.5M[34].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 5 of 9, period end 2025-09-30 | ||
|---|---|---|
| Return on assets above zero | 0.2% | ✓ pass[4,6] |
| Operating cash flow above zero | $18.7M | ✓ pass[5] |
| Return on assets improved | (1.0 pts) | ✗ fail[4,6,30,35] |
| Operating cash flow exceeds net income | $18.1M | ✓ pass[4-5] |
| Long-term leverage fell | (1.6 pts) | ✓ pass[1,6,30,36-37] |
| Current ratio improved | (32.0 pts) | ✗ fail[15-16,28-29] |
| No new shares issued | 0.8% | ✗ fail[32-33] |
| Gross margin improved | (0.0 pts) | ✗ fail[2-3,7-8] |
| Asset turnover improved | 7.0 pts | ✓ pass[2,6,8,30] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[5,38-41] |
| Months of runway | not finite |
| cash is missing at the end of the latest cash-flow quarter | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 65 |
| 10-Q received Aug 5, 2026 | |
| Median daily dollar volume | $0 |
| 63 sessions | |
| Days since newest grade input | 336 |
Downloads [top]
|
Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $391.1M | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $2.8B | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $188.2M | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | $568,739 | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $18.7M | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $374.1M | 2024-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $182.4M | 2024-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $2.7B | 2024-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $170.8M | 2023-09-30 | 2024-11-08 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $2.5B | 2023-09-30 | 2024-11-08 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $127.7M | 2022-09-30 | 2023-11-08 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $2.0B | 2022-09-30 | 2023-11-08 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $100.5M | 2021-09-30 | 2022-11-23 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $1.7B | 2021-09-30 | 2022-11-23 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $239.5M | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $112.1M | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 17 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $9.0M | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 18 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $67.9M | 2024-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 19 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $20.4M | 2024-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 20 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $19.7M | 2023-09-30 | 2024-11-08 | 10-K | filing · viewer · series |
| 21 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $11.6M | 2023-09-30 | 2024-11-08 | 10-K | filing · viewer · series |
| 22 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $22.9M | 2022-09-30 | 2023-11-08 | 10-K | filing · viewer · series |
| 23 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $14.7M | 2022-09-30 | 2023-11-08 | 10-K | filing · viewer · series |
| 24 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $9.8M | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 25 | operating income | us-gaap:OperatingIncomeLoss | $12.6M | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 26 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $1.6M | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 27 | income tax | us-gaap:IncomeTaxExpenseBenefit | $995,000 | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 28 | current assets | us-gaap:AssetsCurrent | $229.1M | 2024-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 29 | current liabilities | us-gaap:LiabilitiesCurrent | $93.2M | 2024-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 30 | assets | us-gaap:Assets | $363.4M | 2023-09-30 | 2024-11-08 | 10-K | filing · viewer · series |
| 31 | assets | us-gaap:Assets | $289.1M | 2022-09-30 | 2023-11-08 | 10-K | filing · viewer · series |
| 32 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 650,709 | 2025-11-06 | 2025-11-07 | 10-K | filing · viewer · series |
| 33 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 645,462 | 2024-11-06 | 2024-11-08 | 10-K | filing · viewer · series |
| 34 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 976,028 | 2026-08-04 | 2026-08-05 | 10-Q | filing · viewer · series |
| 35 | net income | us-gaap:NetIncomeLoss | $4.3M | 2024-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 36 | long term debt | us-gaap:LongTermDebtNoncurrent | $11.0M | 2025-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 37 | long term debt | us-gaap:LongTermDebtNoncurrent | $16.6M | 2024-09-30 | 2025-11-07 | 10-K | filing · viewer · series |
| 38 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$15.9M | 2026-06-30 | 2026-08-05 | 10-Q | filing · viewer · series |
| 39 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $2.0M | 2026-03-31 | 2026-04-20 | 10-Q | filing · viewer · series |
| 40 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$11.7M | 2025-12-31 | 2026-01-20 | 10-Q | filing · viewer · series |
| 41 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$12.5M | 2025-06-30 | 2026-08-05 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 14.4 is 5.6 points from the nearest band edge; sampling error is 2.9 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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