Natural Grocers by Vitamin Cottage, Inc. (NGVC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NGVC Revenue Growth
Revenue Breakdown (FY 2025)
NGVC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NGVC Revenue Analysis (2014–2025)
As of May 8, 2026, Natural Grocers by Vitamin Cottage, Inc. (NGVC) generated trailing twelve-month (TTM) revenue of $1.34 billion, reflecting modest growth of +0.5% year-over-year. The most recent quarter (Q2 2026) recorded $337.4 million in revenue, up 0.5% sequentially.
Looking at the longer-term picture, NGVC's 5-year compound annual growth rate (CAGR) stands at +5.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $1.33 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows NGVC's business is primarily driven by Gift Cards (100%). With over half of revenue concentrated in Gift Cards, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Defensive sector peers including SFM (+10.2% YoY), HAIN (-9.5% YoY), and KR (+0.4% YoY), NGVC has underperformed the peer group in terms of revenue growth. Compare NGVC vs SFM →
NGVC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NGVCCurrent | $1.3B | +0.5% | +5.1% | 4.7% | |
 SFM | $8.8B | +10.2% | +6.4% | 7.8% | |
 HAIN | $1.6B | -9.5% | -5.4% | -29.6% | |
 KR | $147.6B | +0.4% | +2.2% | 1.3% | |
 ACI | $80.4B | +2.2% | +5.2% | 1.9% | |
 WMT | $713.2B | +4.3% | +5.0% | 4.2% |
NGVC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.33B | +7.2% | $397.9M | 29.9% | $62.0M | 4.7% |
| 2024 | $1.24B | +8.9% | $364.8M | 29.4% | $47.0M | 3.8% |
| 2023 | $1.14B | +4.7% | $326.9M | 28.7% | $31.7M | 2.8% |
| 2022 | $1.09B | +3.2% | $304.9M | 28.0% | $30.2M | 2.8% |
| 2021 | $1.06B | +1.8% | $292.2M | 27.7% | $28.3M | 2.7% |
| 2020 | $1.04B | +14.7% | $283.1M | 27.3% | $27.7M | 2.7% |
| 2019 | $903.6M | +6.4% | $238.8M | 26.4% | $16.8M | 1.9% |
| 2018 | $849.0M | +10.4% | $225.6M | 26.6% | $15.1M | 1.8% |
| 2017 | $769.0M | +9.0% | $212.3M | 27.6% | $14.1M | 1.8% |
| 2016 | $705.5M | +12.9% | $201.8M | 28.6% | $20.4M | 2.9% |
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Start ComparisonNGVC — Frequently Asked Questions
Quick answers to the most common questions about buying NGVC stock.
Is NGVC's revenue growth accelerating or slowing?
NGVC revenue growth slowed to +0.5%, below the 5-year CAGR of +5.1%. TTM revenue is $1.3B. The deceleration marks a shift from historical growth rates.
What is NGVC's long-term revenue growth rate?
Natural Grocers by Vitamin Cottage, Inc.'s 5-year revenue CAGR of +5.1% reflects the variable expansion pattern. Current YoY growth of +0.5% is near this long-term average.
How is NGVC's revenue distributed by segment?
NGVC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.