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Natural Grocers by Vitamin Cottage, Inc.(NGVC)Earnings, Financials & Key Ratios
NGVC•NYSE
$27.11
$624M mkt cap·13.6× P/E·Price updated May 6, 2026
AboutNatural Grocers by Vitamin Cottage, Inc., together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; bulk food products; private label products comprising pasta, pasta sauce, ketchup, canned beans and vegetables, frozen vegetables, frozen fruits, frozen meals, frozen pizza, bread, baking mixes, plant based butter, olive and coconut oil, coconut milk, honey, maple syrup, preserves, chocolate, coffee, bacon, beef jerky, canned seafood, popcorn, tortilla chips, taco shells, eggs, cheese, apple sauce, apple cider vinegar, spring water, paper products, cleaning products, and other products; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products. Its stores also provide private label dietary supplements; body care products consisting of cosmetics, skin care, hair care, fragrance, and personal care products containing natural and organic ingredients; pet care and food products; books and handouts; and household and general merchandise, including cleaning supplies, paper products, and dish and laundry soaps, as well as other common household products, such as diapers. The company operates its retail stores under the Natural Grocers by Vitamin Cottage trademark. As of February 1, 2022, it operated 162 stores in 20 states. The company also offers science-based nutrition education programs to help customers make informed health and nutrition choices. Natural Grocers by Vitamin Cottage, Inc. was founded in 1955 and is headquartered in Lakewood, Colorado.Show more
- Revenue$1.33B+7.2%
- EBITDA$94M+20.4%
- Net Income$46M+36.9%
- EPS (Diluted)2.00+36.1%
- Gross Margin29.9%+1.8%
- EBITDA Margin7.05%+12.3%
- Operating Margin4.66%+23.1%
- Net Margin3.49%+27.7%
- ROE24.02%+22.2%
- ROIC8.95%+31.4%
- Debt/Equity1.56-21.4%
- Interest Coverage20.24+79.9%
NGVC Key Insights
Natural Grocers by Vitamin Cottage, Inc. (NGVC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 18.3%
- ✓Strong Piotroski F-Score: 8/9
- ✓Good 3Y average ROE of 19.3%
- ✓Efficient asset utilization: 2.0x turnover
✗Weaknesses
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NGVC Price & Volume
Natural Grocers by Vitamin Cottage, Inc. (NGVC) stock price & volume — 10-year historical chart
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NGVC Growth Metrics
Natural Grocers by Vitamin Cottage, Inc. (NGVC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.86%
5 Years5.12%
3 Years6.89%
TTM5.21%
Profit CAGR
10 Years11.1%
5 Years18.34%
3 Years29.54%
TTM32.45%
EPS CAGR
10 Years10.76%
5 Years17.58%
3 Years28.62%
TTM31.21%
Return on Capital
10 Years7.66%
5 Years7.76%
3 Years9.26%
Last Year12.36%
NGVC Recent Earnings
Natural Grocers by Vitamin Cottage, Inc. (NGVC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 7/12 qtrs (64%)
Q1 2026Latest
Feb 5, 2026EPS
$0.49
Est $0.46
+6.5%
Revenue
$336M
Est $336M
+0.0%
Q4 2025
Nov 20, 2025EPS
$0.51
Est $0.46
+10.9%
Revenue
$336M
Est $348M
-3.4%
Q3 2025
Aug 7, 2025EPS
$0.50
Est $0.49
+2.0%
Revenue
$329M
Est $335M
-1.9%
Q2 2025
May 8, 2025EPS
$0.56
Est $0.42
+33.3%
Revenue
$336M
Est $330M
+1.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 5, 2026 | $0.49vs $0.46+6.5% | $336Mvs $336M+0.0% |
| Q4 2025 | Nov 20, 2025 | $0.51vs $0.46+10.9% | $336Mvs $348M-3.4% |
| Q3 2025 | Aug 7, 2025 | $0.50vs $0.49+2.0% | $329Mvs $335M-1.9% |
| Q2 2025 | May 8, 2025 | $0.56vs $0.42+33.3% | $336Mvs $330M+1.9% |
Based on last 12 quarters of dataView full earnings history →
NGVC Peer Comparison
Natural Grocers by Vitamin Cottage, Inc. (NGVC) competitors in Natural and organic specialty grocers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SFM | 7.36B | 78.26 | 14.74 | 14.08% | 5.7% | 36.06% | 1.39 | |
 HAIN | 84.84M | 0.75 | -0.13 | -10.17% | -36.12% | -164.68% | 1.64 | |
 KR | 41.77B | 66.01 | 42.86 | 0.35% | 0.69% | 13.04% | 4.16 | |
 ACI | 8.24B | 16.03 | 9.77 | 1.46% | 1.06% | 34.77% | 4.19 | |
 WMT | 1.04T | 130.08 | 47.65 | 4.73% | 3.26% | 22.35% | 0.67 | |
 TGT | 59.32B | 130.22 | 16.02 | -1.68% | 3.8% | 26.06% | 0.35 | |
 COST | 441.35B | 995.75 | 54.68 | 8.17% | 2.99% | 28.81% | 0.28 | |
 UNFI | 3.32B | 51.81 | -26.43 | 2.6% | -0.25% | -4.97% | 2.22 |
Compare NGVC vs Peers
Natural Grocers by Vitamin Cottage, Inc. (NGVC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NGVC Income Statement
Natural Grocers by Vitamin Cottage, Inc. (NGVC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 769.03M | 849.04M | 903.58M | 1.04B | 1.06B | 1.09B | 1.14B | 1.24B | 1.33B | 1.34B |
| Revenue Growth % | 9.01% | 10.4% | 6.42% | 14.75% | 1.8% | 3.23% | 4.68% | 8.86% | 7.19% | 5.21% |
| Cost of Goods Sold | 556.69M | 623.47M | 664.83M | 753.7M | 763.33M | 784.74M | 813.64M | 876.77M | 932.96M | 938.28M |
| COGS % of Revenue | 72.39% | 73.43% | 73.58% | 72.69% | 72.32% | 72.02% | 71.34% | 70.62% | 70.1% | - |
| Gross Profit | 212.34M▲ 0% | 225.57M▲ 6.2% | 238.75M▲ 5.8% | 283.14M▲ 18.6% | 292.19M▲ 3.2% | 304.88M▲ 4.3% | 326.93M▲ 7.2% | 364.81M▲ 11.6% | 397.88M▲ 9.1% | 397.91M▲ 0% |
| Gross Margin % | 27.61% | 26.57% | 26.42% | 27.31% | 27.68% | 27.98% | 28.66% | 29.38% | 29.9% | 29.78% |
| Gross Profit Growth % | 5.24% | 6.23% | 5.84% | 18.59% | 3.2% | 4.34% | 7.23% | 11.59% | 9.06% | - |
| Operating Expenses | 198.24M | 210.52M | 221.99M | 255.39M | 263.86M | 274.73M | 295.26M | 317.83M | 335.89M | 334.62M |
| OpEx % of Revenue | 25.78% | 24.8% | 24.57% | 24.63% | 25% | 25.21% | 25.89% | 25.6% | 25.24% | - |
| Selling, General & Admin | 20.09M | 21.51M | 22.84M | 26.78M | 28.36M | 31.56M | 34.37M | 37.05M | 41.43M | 40.75M |
| SG&A % of Revenue | 2.61% | 2.53% | 2.53% | 2.58% | 2.69% | 2.9% | 3.01% | 2.98% | 3.11% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 178.15M | 189.01M | 199.15M | 228.61M | 235.51M | 243.16M | 260.9M | 280.79M | 294.46M | 4M |
| Operating Income | 14.1M▲ 0% | 15.05M▲ 6.8% | 16.77M▲ 11.4% | 27.75M▲ 65.5% | 28.33M▲ 2.1% | 30.16M▲ 6.5% | 31.67M▲ 5.0% | 46.98M▲ 48.3% | 61.99M▲ 32.0% | 63.29M▲ 0% |
| Operating Margin % | 1.83% | 1.77% | 1.86% | 2.68% | 2.68% | 2.77% | 2.78% | 3.78% | 4.66% | 4.74% |
| Operating Income Growth % | -30.82% | 6.77% | 11.38% | 65.51% | 2.08% | 6.45% | 5.02% | 48.34% | 31.96% | - |
| EBITDA | 43.71M | 44.58M | 46.24M | 59.74M | 58.76M | 58.76M | 62.08M | 77.91M | 93.8M | 95.13M |
| EBITDA Margin % | 5.68% | 5.25% | 5.12% | 5.76% | 5.57% | 5.39% | 5.44% | 6.27% | 7.05% | 7.12% |
| EBITDA Growth % | -5.01% | 2% | 3.72% | 29.19% | -1.64% | 0% | 5.64% | 25.5% | 20.41% | 17.51% |
| D&A (Non-Cash Add-back) | 29.61M | 29.53M | 29.48M | 31.99M | 30.43M | 28.61M | 30.41M | 30.93M | 31.81M | 31.84M |
| EBIT | 14.1M | 15.05M | 16.77M | 27.75M | 28.33M | 30.16M | 31.67M | 46.98M | 61.99M | 63.29M |
| Net Interest Income | -3.79M | -4.56M | -4.95M | -2.05M | -2.27M | -2.37M | -3.3M | -4.18M | -3.06M | -2.85M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3.79M | 4.56M | 4.95M | 2.05M | 2.27M | 2.37M | 3.3M | 4.18M | 3.06M | 2.85M |
| Other Income/Expense | -3.79M | -4.56M | -4.95M | -2.05M | -2.27M | -2.37M | -3.3M | -4.18M | -3.06M | -2.85M |
| Pretax Income | 10.3M▲ 0% | 10.49M▲ 1.8% | 11.81M▲ 12.6% | 25.7M▲ 117.5% | 26.06M▲ 1.4% | 27.78M▲ 6.6% | 28.37M▲ 2.1% | 42.8M▲ 50.9% | 58.93M▲ 37.7% | 60.44M▲ 0% |
| Pretax Margin % | 1.34% | 1.24% | 1.31% | 2.48% | 2.47% | 2.55% | 2.49% | 3.45% | 4.43% | 4.52% |
| Income Tax | 3.41M | -2.17M | 2.4M | 5.69M | 5.47M | 6.42M | 5.13M | 8.87M | 12.48M | 12.6M |
| Effective Tax Rate % | 33.13% | -20.66% | 20.3% | 22.15% | 21.01% | 23.1% | 18.07% | 20.71% | 21.18% | 20.84% |
| Net Income | 6.89M▲ 0% | 12.66M▲ 83.7% | 9.42M▼ 25.6% | 20.01M▲ 112.5% | 20.58M▲ 2.9% | 21.36M▲ 3.8% | 23.24M▲ 8.8% | 33.94M▲ 46.0% | 46.44M▲ 36.9% | 47.84M▲ 0% |
| Net Margin % | 0.9% | 1.49% | 1.04% | 1.93% | 1.95% | 1.96% | 2.04% | 2.73% | 3.49% | 3.58% |
| Net Income Growth % | -39.93% | 83.73% | -25.63% | 112.5% | 2.86% | 3.81% | 8.79% | 46% | 36.86% | 32.45% |
| Net Income (Continuing) | 6.89M | 12.66M | 9.42M | 20.01M | 20.58M | 21.36M | 23.24M | 33.94M | 46.44M | 47.84M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.31▲ 0% | 0.56▲ 80.6% | 0.42▼ 25.0% | 0.89▲ 111.9% | 0.91▲ 2.2% | 0.94▲ 3.3% | 1.02▲ 8.5% | 1.47▲ 44.1% | 2.00▲ 36.1% | 2.06▲ 0% |
| EPS Growth % | -39.22% | 80.65% | -25% | 111.9% | 2.25% | 3.3% | 8.51% | 44.12% | 36.05% | 31.21% |
| EPS (Basic) | 0.31 | 0.57 | 0.42 | 0.89 | 0.91 | 0.94 | 1.02 | 1.49 | 2.02 | - |
| Diluted Shares Outstanding | 22.46M | 22.41M | 22.55M | 22.58M | 22.71M | 22.82M | 22.83M | 23.08M | 23.26M | 23.25M |
| Basic Shares Outstanding | 22.45M | 22.36M | 22.42M | 22.5M | 22.59M | 22.67M | 22.73M | 22.77M | 22.94M | 23.01M |
| Dividend Payout Ratio | - | - | - | 31.49% | 250% | 42.44% | 39.1% | 27.01% | 23.7% | - |
NGVC Balance Sheet
Natural Grocers by Vitamin Cottage, Inc. (NGVC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 108.22M | 110.95M | 115.18M | 143.41M | 135.63M | 140.66M | 152.55M | 147.06M | 168.07M | 166.81M |
| Cash & Short-Term Investments | 6.52M | 9.4M | 6.21M | 28.53M | 23.68M | 12.04M | 18.34M | 8.87M | 17.12M | 23.21M |
| Cash Only | 6.52M | 9.4M | 6.21M | 28.53M | 23.68M | 12.04M | 18.34M | 8.87M | 17.12M | 23.21M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.86M | 4.74M | 5.06M | 8.52M | 8.49M | 10.5M | 10.8M | 12.61M | 11.97M | 9.95M |
| Days Sales Outstanding | 2.31 | 2.04 | 2.04 | 3 | 2.94 | 3.52 | 3.46 | 3.71 | 3.28 | 3.22 |
| Inventory | 93.61M | 94.23M | 96.18M | 100.17M | 100.55M | 113.76M | 119.26M | 120.67M | 132.97M | 127.89M |
| Days Inventory Outstanding | 61.38 | 55.16 | 52.8 | 48.51 | 48.08 | 52.91 | 53.5 | 50.24 | 52.02 | 49.62 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 4.15M | 4.91M | 6.03M | 5.76M |
| Total Non-Current Assets | 191.78M | 196.13M | 211.93M | 538.38M | 519.45M | 522.45M | 516.63M | 508.42M | 502.43M | 501.75M |
| Property, Plant & Equipment | 184.42M | 188.77M | 201.63M | 527.26M | 507.15M | 507.87M | 502.11M | 494.47M | 485.22M | 484.91M |
| Fixed Asset Turnover | 4.17x | 4.50x | 4.48x | 1.97x | 2.08x | 2.15x | 2.27x | 2.51x | 2.74x | 2.75x |
| Goodwill | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M |
| Intangible Assets | 457K | 450K | 3.45M | 5.27M | 6.57M | 8.93M | 8.93M | 8.27M | 6.54M | 11.32M |
| Long-Term Investments | -12.36M | -6.45M | -10.42M | -14.43M | -15.29M | 0 | -14.43M | 0 | 0 | 0 |
| Other Non-Current Assets | 1.64M | 1.71M | 1.66M | 647K | 530K | -15.45M | 395K | 458K | 5.45M | 10.25M |
| Total Assets | 299.99M▲ 0% | 307.08M▲ 2.4% | 327.11M▲ 6.5% | 681.79M▲ 108.4% | 655.08M▼ 3.9% | 663.11M▲ 1.2% | 669.18M▲ 0.9% | 655.48M▼ 2.0% | 670.5M▲ 2.3% | 668.56M▲ 0% |
| Asset Turnover | 2.56x | 2.76x | 2.76x | 1.52x | 1.61x | 1.64x | 1.70x | 1.89x | 1.98x | 2.01x |
| Asset Growth % | 6.29% | 2.36% | 6.52% | 108.43% | -3.92% | 1.23% | 0.92% | -2.05% | 2.29% | 7.25% |
| Total Current Liabilities | 71.56M | 79.69M | 83.27M | 129.15M | 133.77M | 137.73M | 154.03M | 164.13M | 158.78M | 156.39M |
| Accounts Payable | 56.85M | 61.1M | 63.16M | 69.16M | 68.95M | 71.28M | 80.67M | 88.4M | 80.99M | 83.95M |
| Days Payables Outstanding | 37.27 | 35.77 | 34.68 | 33.49 | 32.97 | 33.16 | 36.19 | 36.8 | 31.69 | 33.01 |
| Short-Term Debt | 548K | 736K | 1.04M | 34.99M | 1.75M | 1.75M | 1.75M | 39.89M | 0 | 0 |
| Deferred Revenue (Current) | 906K | 1.45M | 1.41M | 1.82M | 2.16M | 1.76M | 1.87M | 1.9M | 1.93M | 8.16M |
| Other Current Liabilities | 7.32M | 8.67M | 8.16M | -25.39M | 0 | 0 | 0 | -27.81M | 12.1M | -2.23M |
| Current Ratio | 1.51x | 1.39x | 1.38x | 1.11x | 1.01x | 1.02x | 0.99x | 0.90x | 1.06x | 1.06x |
| Quick Ratio | 0.20x | 0.21x | 0.23x | 0.33x | 0.26x | 0.20x | 0.22x | 0.16x | 0.22x | 0.22x |
| Cash Conversion Cycle | 26.41 | 21.43 | 20.17 | 18.02 | 18.04 | 23.27 | 20.76 | 17.14 | 23.62 | 19.84 |
| Total Non-Current Liabilities | 94.55M | 80.67M | 86.94M | 379.58M | 378.58M | 369.57M | 344.31M | 317.09M | 299.33M | 292.16M |
| Long-Term Debt | 28.39M | 13.19M | 5.69M | 365.15M | 21.94M | 13.94M | 5.94M | 263.4M | 245.8M | 240.63M |
| Capital Lease Obligations | 32.88M | 40.41M | 51.48M | 365.15M | 341.35M | 339.73M | 323.95M | 306.62M | 291.46M | 1.16B |
| Deferred Tax Liabilities | 12.42M | 6.45M | 10.42M | 14.43M | 15.29M | 15.9M | 14.43M | 10.47M | 7.86M | 32.47M |
| Other Non-Current Liabilities | 20.86M | 20.62M | 19.35M | 14.43M | 37.23M | 29.84M | 0 | -263.4M | -245.8M | -991.22M |
| Total Liabilities | 166.11M | 160.36M | 170.21M | 508.73M | 512.35M | 507.3M | 498.34M | 481.22M | 458.11M | 448.55M |
| Total Debt | 61.82M | 54.33M | 58.21M | 400.14M | 401.52M | 393.37M | 370.18M | 346.51M | 332.02M | 324.95M |
| Net Debt | 55.3M | 44.94M | 52M | 371.61M | 377.84M | 381.33M | 351.84M | 337.64M | 314.9M | 301.74M |
| Debt / Equity | 0.46x | 0.37x | 0.37x | 2.31x | 2.81x | 2.52x | 2.17x | 1.99x | 1.56x | 1.56x |
| Debt / EBITDA | 1.41x | 1.22x | 1.26x | 6.70x | 6.83x | 6.69x | 5.96x | 4.45x | 3.54x | 3.42x |
| Net Debt / EBITDA | 1.27x | 1.01x | 1.12x | 6.22x | 6.43x | 6.49x | 5.67x | 4.33x | 3.36x | 3.36x |
| Interest Coverage | 3.72x | 3.30x | 3.39x | 13.55x | 12.47x | 12.72x | 9.60x | 11.25x | 20.24x | 22.18x |
| Total Equity | 133.88M▲ 0% | 146.73M▲ 9.6% | 156.91M▲ 6.9% | 173.07M▲ 10.3% | 142.73M▼ 17.5% | 155.81M▲ 9.2% | 170.84M▲ 9.6% | 174.25M▲ 2.0% | 212.4M▲ 21.9% | 220.01M▲ 0% |
| Equity Growth % | 5.65% | 9.59% | 6.94% | 10.3% | -17.53% | 9.16% | 9.65% | 2% | 21.89% | 84.16% |
| Book Value per Share | 5.96 | 6.55 | 6.96 | 7.67 | 6.28 | 6.83 | 7.48 | 7.55 | 9.13 | 9.46 |
| Total Shareholders' Equity | 133.88M | 146.73M | 156.91M | 173.07M | 142.73M | 155.81M | 170.84M | 174.25M | 212.4M | 220.01M |
| Common Stock | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K | 23K |
| Retained Earnings | 78.85M | 91.51M | 100.92M | 116.29M | 85.42M | 97.72M | 111.87M | 113.9M | 149.34M | 157.22M |
| Treasury Stock | -664K | -1.04M | -359K | 0 | 0 | 0 | -66K | 0 | 0 | 0 |
| Accumulated OCI | -143.44M | -164.66M | 0 | -205.52M | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NGVC Cash Flow Statement
Natural Grocers by Vitamin Cottage, Inc. (NGVC) cash flow — operating, investing & free cash flow history
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 40.85M | 42.86M | 37.38M | 66.5M | 53.88M | 39.69M | 64.61M | 73.76M | 55.3M | 55.3M |
| Operating CF Margin % | 5.31% | 5.05% | 4.14% | 6.41% | 5.1% | 3.64% | 5.66% | 5.94% | 4.16% | - |
| Operating CF Growth % | 41.7% | 4.93% | -12.79% | 77.9% | -18.98% | -26.33% | 62.76% | 14.17% | -25.02% | 784.51% |
| Net Income | 6.89M | 12.66M | 9.42M | 20.01M | 20.58M | 21.36M | 23.24M | 33.94M | 46.44M | 47.84M |
| Depreciation & Amortization | 29.51M | 29.43M | 28.98M | 31.19M | 29.63M | 27.91M | 28.91M | 30.93M | 31.81M | 31.84M |
| Stock-Based Compensation | 758K | 810K | 1.19M | 1.13M | 877K | 1.19M | 1.36M | 2.83M | 3.96M | 3.38M |
| Deferred Taxes | 241K | -5.97M | 3.97M | 3.74M | 864K | 609K | -1.48M | -3.96M | -2.61M | -1.82M |
| Other Non-Cash Items | -9K | 597K | 262K | 582K | 1.39M | 3.02M | 1.67M | 1.97M | -34.37M | 34.44M |
| Working Capital Changes | 3.46M | 5.34M | -6.43M | 9.85M | 537K | -14.39M | 10.91M | 8.05M | 10.07M | -7.49M |
| Change in Receivables | -1.1M | 145K | -315K | -3.42M | 3.03M | -3.6M | 693K | -1.54M | -1.01M | 1.53M |
| Change in Inventory | -7.28M | -615K | -1.95M | -4M | -371K | -13.21M | -5.5M | -1.41M | -12.3M | -6.07M |
| Change in Payables | 7.22M | 1.84M | 1.02M | 10.1M | -2.64M | 447K | 10.35M | 10.04M | -6.09M | 5.91M |
| Cash from Investing | -38.5M | -23.54M | -31.86M | -29.56M | -27.75M | -31.14M | -37.95M | -38.6M | -30.97M | -31.13M |
| Capital Expenditures | -41.23M | -23.72M | -32.73M | -29.58M | -28.29M | -31.44M | -36.57M | -37.54M | 0 | 1.59M |
| CapEx % of Revenue | 5.36% | 2.79% | 3.62% | 2.85% | 2.68% | 2.89% | 3.21% | 3.02% | 2.34% | - |
| Acquisitions | 2.73M | 34K | 836K | 0 | 89K | 21K | 0 | 0 | 0 | 49K |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.73M | 174K | 32K | 27K | 443K | 280K | -1.38M | -1.06M | -30.97M | -32.77M |
| Cash from Financing | 154K | -16.44M | -8.7M | -14.63M | -30.98M | -20.19M | -20.35M | -44.63M | -16.09M | -60.16M |
| Debt Issued (Net) | 486K | -15.77M | -8.28M | -7.99M | 20.86M | -10.72M | -10.78M | -11.3M | -38.26M | -47.07M |
| Equity Issued (Net) | -261K | -581K | -421K | -337K | -340K | -403K | -181K | -1.45M | -1.25M | -118K |
| Dividends Paid | 0 | 0 | 0 | -6.3M | -51.45M | -9.07M | -9.09M | -31.87M | -11.01M | -11.71M |
| Share Repurchases | -261K | -581K | -421K | -337K | -340K | -403K | -181K | -1.45M | -1.25M | -118K |
| Other Financing | -71K | -89K | 0 | 0 | -52K | 0 | -304K | -18K | 34.43M | -1.25M |
| Net Change in Cash | 2.5M▲ 0% | 2.88M▲ 14.9% | -3.18M▼ 210.7% | 22.32M▲ 801.0% | -4.86M▼ 121.8% | -11.64M▼ 139.7% | 6.3M▲ 154.2% | -9.47M▼ 250.3% | 8.24M▲ 187.1% | 16.89M▲ 0% |
| Free Cash Flow | -382K▲ 0% | 19.15M▲ 5112.0% | 4.65M▼ 75.7% | 36.92M▲ 694.1% | 25.59M▼ 30.7% | 8.25M▼ 67.8% | 26.51M▲ 221.4% | 35.08M▲ 32.3% | 24.1M▼ 31.3% | 93.13M▲ 0% |
| FCF Margin % | -0.05% | 2.25% | 0.51% | 3.56% | 2.42% | 0.76% | 2.32% | 2.83% | 1.81% | 6.97% |
| FCF Growth % | 98.47% | 5112.04% | -75.72% | 694.13% | -30.68% | -67.77% | 221.41% | 32.31% | -31.29% | 299.63% |
| FCF per Share | -0.02 | 0.85 | 0.21 | 1.64 | 1.13 | 0.36 | 1.16 | 1.52 | 1.04 | 1.04 |
| FCF Conversion (FCF/Net Income) | 5.93x | 3.39x | 3.97x | 3.32x | 2.62x | 1.86x | 2.78x | 2.17x | 1.19x | 1.95x |
| Interest Paid | 3.71M | 4.49M | 4.93M | 2.04M | 2.15M | 2.43M | 3.31M | 4.16M | 3.12M | -130K |
| Taxes Paid | 2.66M | 1.96M | 4.73M | 3.31M | 6.75M | 7.01M | 5.05M | 13.58M | 15.91M | -156K |
NGVC Key Ratios
Natural Grocers by Vitamin Cottage, Inc. (NGVC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 5.29% | 9.02% | 6.2% | 12.13% | 13.03% | 14.31% | 14.23% | 19.67% | 24.02% | 23.11% |
| Return on Invested Capital (ROIC) | 5.7% | 5.93% | 6.28% | 5.52% | 3.99% | 4.28% | 4.48% | 6.81% | 8.95% | 8.95% |
| Gross Margin | 27.61% | 26.57% | 26.42% | 27.31% | 27.68% | 27.98% | 28.66% | 29.38% | 29.9% | 29.78% |
| Net Margin | 0.9% | 1.49% | 1.04% | 1.93% | 1.95% | 1.96% | 2.04% | 2.73% | 3.49% | 3.58% |
| Debt / Equity | 0.46x | 0.37x | 0.37x | 2.31x | 2.81x | 2.52x | 2.17x | 1.99x | 1.56x | 1.56x |
| Interest Coverage | 3.72x | 3.30x | 3.39x | 13.55x | 12.47x | 12.72x | 9.60x | 11.25x | 20.24x | 22.18x |
| FCF Conversion | 5.93x | 3.39x | 3.97x | 3.32x | 2.62x | 1.86x | 2.78x | 2.17x | 1.19x | 1.95x |
| Revenue Growth | 9.01% | 10.4% | 6.42% | 14.75% | 1.8% | 3.23% | 4.68% | 8.86% | 7.19% | 5.21% |
NGVC SEC Filings & Documents
Natural Grocers by Vitamin Cottage, Inc. (NGVC) SEC filings — annual & quarterly reports (10-K, 10-Q)
NGVC Frequently Asked Questions
Natural Grocers by Vitamin Cottage, Inc. (NGVC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Natural Grocers by Vitamin Cottage, Inc. (NGVC) reported $1.34B in revenue for fiscal year 2025. This represents a 489% increase from $226.9M in 2010.
Natural Grocers by Vitamin Cottage, Inc. (NGVC) grew revenue by 7.2% over the past year. This is steady growth.
Yes, Natural Grocers by Vitamin Cottage, Inc. (NGVC) is profitable, generating $47.8M in net income for fiscal year 2025 (3.5% net margin).
Dividend & Returns
Yes, Natural Grocers by Vitamin Cottage, Inc. (NGVC) pays a dividend with a yield of 1.75%. This makes it attractive for income-focused investors.
Natural Grocers by Vitamin Cottage, Inc. (NGVC) has a return on equity (ROE) of 24.0%. This is excellent, indicating efficient use of shareholder capital.
Natural Grocers by Vitamin Cottage, Inc. (NGVC) generated $93.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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