DIT
AMCON Distributing CompanyConsumer Defensive·Food Distribution
$81.08
$79M market cap
Revenue
$2.6B
Free Cash Flow
$23.1M
Rev Growth
+0.0%
FCF Margin
0.9%
P/FCF
3.4x
EV/FCF
11.2x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrige
2-Year Price History
$83.26-7.1%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q2 | 715.7 | 2.1 | -0.4 | -2.2 | 13.7 | 5.1 | -8.7 | 0.6 | 179.5 | 0.6 | -0.5% | 0.9x | -- |
| Act | 2026-Q1 | 730.1 | 6.2 | 3.9 | 0.8 | -11.7 | -12.4 | -0.7 | 0.8 | 207.9 | 0.6 | 6.0% | 2.3x | -- |
| Act | 2025-Q4 | 1,158 | 5.9 | 3.6 | 0.5 | 31.1 | 30.4 | -0.8 | 0.7 | 174.0 | 0.6 | 6.3% | 2.2x | -- |
Valuation & Metrics
Market Stats
Price$81.08
Market Cap$79M
Enterprise Value$258M
P/S Ratio0.0x
P/FCF3.4x
EV/FCF11.2x
FCF Margin (TTM)0.9%
FCF Yield29.1%
Dividend Yield (TTM)1.2%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$2.6B
Net Income$-0.9M
Free Cash Flow$23.1M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.5%
Net Margin0.0%
FCF Margin0.9%
CapEx % of Revenue0.4%
SBC % of Revenue0.0%
ROIC4.0%
WC Change % Rev0.1%
Interest Coverage1.9x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)+25.7%
Need at least 2 settlement dates for chart
Employees
Headcount1,362
Revenue / Employee$1,911,310
Gross Profit / Employee$101,114
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
6.5%(+0.6% YoY)
11 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
6.3%(+1.3% YoY)
6 filers
Vanguard, iShares, SPDR
Market makers
0.1%(+0.1% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| DIMENSIONAL FUND ADVISORS LPPassive | $2.8M | $93.90 | +$934K | +$936K | -0.4% | $480.92B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $1.5M | $89.87 | +$1.2M | +$1.5M | — | $4.04T |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1.3M | $93.41 | +$454K | +$463K | -2.3% | $4.93B |
| RENAISSANCE TECHNOLOGIES LLC | $1.3M | $90.22 | +$419K | +$414K | +1.2% | $63.91B |
| CM Management, LLC | $1.2M | $103.47 | +$404K | +$427K | -4.4% | $120M |
| CALDWELL SUTTER CAPITAL, INC. | $684K | $109.39 | +$225K | +$147K | -1.4% | $246M |
| Empowered Funds, LLC | $426K | $109.86 | +$160K | +$173K | +0.2% | $15.64B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $235K | $97.02 | +$75K | +$77K | +2.3% | $1.61T |
| VANGUARD FIDUCIARY TRUST COPassive | $144K | $89.87 | +$114K | +$144K | — | $395.83B |
| Tower Research Capital LLC (TRC)MM | $110K | $94.38 | +$106K | +$107K | -0.6% | $3.84B |
| MORGAN STANLEY | $104K | $89.85 | +$34K | +$21K | -0.3% | $1.65T |
| BlackRock, Inc.Passive | $59K | $79.75 | +$23K | +$59K | -0.2% | $5.69T |
| UBS Group AG | $29K | $89.50 | −$7K | −$56K | -0.3% | $562.11B |
| Vanguard Global Advisers, LLCPassive | $14K | $89.87 | +$11K | +$14K | — | $186.48B |
| ACADIAN ASSET MANAGEMENT LLC | $5K | $89.87 | +$2K | −$2K | -0.5% | $70.48B |
| ROYAL BANK OF CANADA | $1K | $123.32 | +$0 | −$56K | -0.2% | $526.36B |
| SBI Securities Co., Ltd. | $0 | $89.87 | +$0 | +$0 | +0.9% | $3.62B |
| WELLS FARGO & COMPANY/MN | $0 | $119.50 | +$0 | +$0 | -0.2% | $497.71B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-1.55%
avg per quarter
Holders (ex-self)
-1.55%
excl. this stock
Buyers (this Q)
-1.41%
15 buyers · $0.00B in
Sellers (this Q)
-0.28%
1 sellers · $0.00B out
alpha coverage: 83% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-21.3%
how holders react when this stock falls
On quiet Qs
+0.1%
−10% to +10% baseline
On rallies (+10%+)
+20.7%
how they react when this stock rises
Holders' portfolio flow this Q
+0.9%
inflows — adds are organic
Sellers' portfolio flow this Q
+14.3%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-0.6%
Holder mid (any stock)
-6.2%
Holder rally (any stock)
-5.8%
Biggest decreases this quarter
New buyers this quarter
Top-5 holders · 81.8%
DIMENSIONAL FUND ADVISORS LP--
VANGUARD CAPITAL MANAGEMENT LLC--
BRIDGEWAY CAPITAL MANAGEMENT, LLC--
RENAISSANCE TECHNOLOGIES LLC--
CM Management, LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
RENAISSANCE TECHNOLOGIES LLC14KBRIDGEWAY CAPITAL MANAGEMENT, LLC15KCM Management, LLC14KCALDWELL SUTTER CAPITAL, INC.8KCITADEL ADVISORS LLC—Empowered Funds, LLC5KEA Series Trust—Veritable, L.P.—Koss-Olinger Consulting, LLC—Atria Wealth Solutions, Inc.—
Corporate
Order Flow (FINRA, ~3w lag)
8.7%retail+2.9pp
0.5%dark-3.2pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
AMCON Distributing Co: Precarious Liquidity and Heavy Debt Dependency
Overall Risk
6/10
Fraud
3/10
Dilution
4/10
Insolvency
7/10
Earnings Overstated
5/10
Hidden Liabilities
5/10
Legal
2/10
Audit Warnings
3/10
Hidden Upside
4/10
Contextually Acceptable
6/10