Company research / NGVC

Natural Grocers by Vitamin Cottage, Inc. (NGVC)

CIK 0001547459 · NYSE · Retail-Grocery Stores

  • Sector Retail Trade
  • Incorporated DE
  • Fiscal year ends Sep 30

For the year ended 2025-09-30, Natural Grocers by Vitamin Cottage, Inc. reported revenue of $1.33B. Revenue grew 7.2% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $1.34B.

Key ratios (year ended 2025-09-30)

29.9%
Gross margin
4.7%
Operating margin
3.5%
Net margin
21.9%
Return on year-end equity
7.2%
Revenue growth (YoY)

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Latest selected filing: Form 8-K (current report) · 2026-09-15

Headquarters locality: Lakewood · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30
2025-09-302024-09-302023-09-302022-09-302021-09-302020-09-302019-09-302018-09-302017-09-302016-09-30
Revenue$1.34B$1.33B$1.24B$1.14B$1.09B$1.06B$1.04B$903.58M$849.04M$769.03M$705.50M
Gross Profit$398.34M$397.88M$364.81M$326.93M$304.88M$292.19M$283.14M$238.75M$225.57M$212.34M$201.77M
Operating Income$63.25M$61.99M$46.98M$31.67M$30.16M$28.33M$27.75M$16.77M$15.05M$14.10M$20.38M
Depreciation & Amortization$32.48M$31.81M$30.93M$28.91M$27.91M$29.63M$31.19M$28.98M$29.43M$29.51M$25.53M
EBITDA$95.73M$93.80M$77.91M$60.58M$58.06M$57.96M$58.94M$45.74M$44.48M$43.61M$45.91M
Net Income$47.64M$46.44M$33.94M$23.24M$21.36M$20.58M$20.01M$9.42M$12.66M$6.89M$11.47M
EPS (Diluted)n/a$2.00$1.47$1.02$0.94$0.91$0.89$0.42$0.56$0.31$0.51
Total Assets$687.69M$670.50M$655.48M$669.18M$663.11M$655.08M$681.79M$327.11M$307.08M$299.99M$282.25M
Total Liabilities$448.27M$458.11M$481.22M$498.34M$507.30M$512.35M$508.73M$170.21M$160.36M$166.11M$155.52M
Shareholders' Equity$239.42M$212.40M$174.25M$170.84M$155.81M$142.73M$173.07M$156.91M$146.73M$133.88M$126.72M
Cash & Equivalents$17.47M$17.12M$8.87M$18.34M$12.04M$23.68M$28.53M$6.21M$9.40M$6.52M$4.02M
Operating Cash Flow$70.72M$55.30M$73.76M$64.61M$39.69M$53.88M$66.50M$37.38M$42.86M$40.85M$28.83M
Capital Expenditures$48.01M$31.20M$37.54M$36.57M$28.04M$26.35M$26.75M$30.03M$23.69M$41.14M$53.76M
Free Cash Flow$22.71M$24.10M$36.22M$28.04M$11.65M$27.53M$39.75M$7.35M$19.18M-$290.0K-$24.93M
Share Repurchasesn/a$0$0$181.0K$0$0$0$0$581.0K$261.0K$829.0K
Dividends Paid$13.12M$11.01M$31.87M$9.09M$9.07M$51.45M$6.30M$0$0n/an/a
Shares Outstanding23.05M22.95M22.89M22.74M22.69M22.62M22.55M22.46M22.37M22.45M22.45M
Weighted Average Diluted Sharesn/a23.26M23.08M22.83M22.82M22.71M22.58M22.55M22.41M22.46M22.51M
EPS (Basic)n/a$2.02$1.49$1.02$0.94$0.91$0.89$0.42$0.57$0.31$0.51

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