Amcon Distributing Co
AMCON Distributing Co provides wholesale distribution services to convenience retailers, offering access to a broad product line, inventory optimization, merchandising expertise, and trade credit.
Business. AMCON Distributing Co (NYSE: DIT) is a retailer operating within the Cyclical Consumer Goods & Services sector, specifically engaged in broadline and specialty retail activities. The company generates revenue through the sale of products. As segment and geographic breakdowns are not provided, the firm is described at the industry level. It is primarily listed on the New York Stock Exchange under the ticker symbol DIT.
At a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
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- Company
- EarningsFY 2026 earnings (expected)2026-11-09 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
AMCON Distributing Co (NYSE: DIT) is a retailer operating within the Cyclical Consumer Goods & Services sector, specifically engaged in broadline and specialty retail activities. The company generates revenue through the sale of products. As segment and geographic breakdowns are not provided, the firm is described at the industry level. It is primarily listed on the New York Stock Exchange under the ticker symbol DIT.
The company's capital structure shows a debt-to-equity ratio of 0.15, indicating a conservative leverage position. However, the negative net cash position after subtracting total debt raises liquidity concerns. With a current ratio of 2.17, the company maintains adequate short-term liquidity to cover obligations, but the free cash flow of -$7.32 million suggests operational cash generation is insufficient to fund capital expenditures of $9.33 million.
Profitability metrics show significant underperformance relative to industry norms. The company reported a net loss of $1.38 million and negative returns on equity (-1.23%) and assets (-0.35%). These results fall well below the median ROE of 8.2% and ROA of 3.1% for the Retailers industry, indicating operational inefficiencies and margin compression.
Geographically, the company operates primarily in the United States with no material international exposure. Segment-wise, the Wholesale Segment dominates operations, providing inventory management, merchandising, and data services to convenience retailers. The company's business model relies heavily on this single segment, creating concentration risk.
Growth indicators show mixed signals. While capital expenditures increased by 44% YoY to $9.33 million, revenue growth remains unquantified in the provided data. The company's operating cash flow of $2.01 million contrasts with the negative free cash flow, suggesting capital spending is outpacing cash generation. The 12-month outlook remains uncertain without specific revenue growth projections.
Risk factors include medium liquidity risk due to negative net cash position and potential dilution from the company's $11.03 million in long-term debt. The risk assessment flags net cash as negative after subtracting total debt, and the dilution potential is classified as low. No material dilutive events were identified in the valuation adjustments.
Recent filings show consistent net losses in both the six months and three months ended March 2026. The company's cash flows from operations were negative in the three months ended December 2025, but improved to positive in the six months ended March 2026. The company maintains a revolving credit facility, with significant borrowings and repayments observed in both periods.
- The company's negative net income and weak returns on equity/assets indicate operational underperformance relative to industry benchmarks.
- Capital expenditures outpace free cash flow generation, suggesting potential strain on liquidity.
- The business model is heavily concentrated in a single segment and geographic market, increasing exposure to sector-specific risks.
- Liquidity risk is elevated due to the negative net cash position after debt, despite a relatively strong current ratio.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Operating income $3.6M.
- ▍Operating income $3.6M
Operating income $3.9M.
- ▍Operating income $3.9M
Operating income $12.6M.
- ▍Operating income $12.6M
Operating income $18.0M.
- ▍Operating income $18.0M
Operating income $18.0M.
- ▍Operating income $18.0M
Operating income $26.0M.
- ▍Operating income $26.0M
Operating income $26.0M.
- ▍Operating income $26.0M
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- AMCON DISTRIBUTING CO company facts · 2026-05-27
- AMCON DISTRIBUTING CO 10-Q 2026-04-20 · 2026-05-27
- AMCON DISTRIBUTING CO 10-Q 2026-01-20 · 2026-05-27
- AMCON DISTRIBUTING CO 10-K 2025-11-07 · 2026-05-27
- AMCON DISTRIBUTING CO 10-Q 2025-07-18 · 2026-05-27
Ownership & reference
Leadership
- Christopher H. AtayanChairman of the Board, Chief Executive Officer
Insider activity
- Director, CEO and Chairman, 10% owner · Common Stock, par value $.01 per shareOther 9 900 · 2025-10-28
- Director, President and COO · Common Stock, par value $.01 per shareOther 2 050 · 2025-10-28
- VP, CFO & Secretary · Common Stock, par value $.01 per shareOther 1 050 · 2025-10-28
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Current ratio (FY 2025-12-31): 2.64xDerived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -6.4%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 1.5%Derived (calculated)
- Total assets (annual): USD 378.71MSEC XBRL filing
- Shareholders' equity (annual): USD 114.11MSEC XBRL filing
- Shares outstanding (annual): 650.71KSEC XBRL filing
- Current liabilities (annual): USD 87.11MSEC XBRL filing
- Current assets (annual): USD 229.96MSEC XBRL filing
- Gross profit (YoY) (2025-09-30 vs 2024-09-30): 3.2%Derived (calculated)
- EPS (diluted) (YoY) (2025-09-30 vs 2024-09-30): -87.1%Derived (calculated)
- EPS (basic) (YoY) (2025-09-30 vs 2024-09-30): -87.2%Derived (calculated)
- Operating income (YoY) (2025-09-30 vs 2024-09-30): -30.2%Derived (calculated)
- Operating cash flow (YoY) (2025-09-30 vs 2024-09-30): -72.5%Derived (calculated)
- Net income (YoY) (2025-09-30 vs 2024-09-30): -86.9%Derived (calculated)
- Cost of revenue (YoY) (2025-09-30 vs 2024-09-30): 3.9%Derived (calculated)
- Capex (YoY) (2025-09-30 vs 2024-09-30): -55.9%Derived (calculated)
- Pre-tax income (annual): USD 1.56MSEC XBRL filing
- Cost of revenue (annual): USD 2.63BSEC XBRL filing
- Net income (annual): USD 568.74KSEC XBRL filing
- Operating income (annual): USD 12.56MSEC XBRL filing
- Total operating expenses (annual): USD 175.67MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES 1SEC XBRL filing
- Capex (annual): USD 9MSEC XBRL filing
- Gross profit (annual): USD 188.23MSEC XBRL filing