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Natural Grocers by Vitamin Cottage, Inc. logo

Natural Grocers by Vitamin Cottage, Inc.

NGVC

NYSEConsumer DefensiveGrocery Stores

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Latest quote

$28.47

Market data unavailable

Aug 24, 11:15 AM ET

NGVC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

76

Undervalued

Momentum

50

Neutral

Sentiment

52

Mixed

Risk resilience

51

Elevated Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Industry
Grocery Stores
Sector
Consumer Defensive
Headquarters
US

Market position

Volume
49.02K
Market cap
658.51M USD

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.23B USD
EV / EBITDA
13.14×
Earnings yield
5.06%
Free cash flow yield
2.61%

Profitability & efficiency

Return on equity
21.87%
Return on assets
6.93%
Return on invested capital
8.85%

Financial health

Current ratio
1.06×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends33%22%10%-1%Gross margin, FY2021: 27.68%Gross margin, FY2022: 27.98%Gross margin, FY2023: 28.66%Gross margin, FY2024: 29.38%Gross margin, FY2025: 29.90%Operating margin, FY2021: 2.68%Operating margin, FY2022: 2.77%Operating margin, FY2023: 2.78%Operating margin, FY2024: 3.78%Operating margin, FY2025: 4.66%Net margin, FY2021: 1.95%Net margin, FY2022: 1.96%Net margin, FY2023: 2.04%Net margin, FY2024: 2.73%Net margin, FY2025: 3.49%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.68%. Gross margin FY2022 27.98%. Gross margin FY2023 28.66%. Gross margin FY2024 29.38%. Gross margin FY2025 29.90%. Operating margin FY2021 2.68%. Operating margin FY2022 2.77%. Operating margin FY2023 2.78%. Operating margin FY2024 3.78%. Operating margin FY2025 4.66%. Net margin FY2021 1.95%. Net margin FY2022 1.96%. Net margin FY2023 2.04%. Net margin FY2024 2.73%. Net margin FY2025 3.49%.

Income trends

Revenue

1.33B USD+7.19%

Operating income

61.99M USD+31.96%

Net income

46.44M USD+36.86%
Income trends across reported periods1.46B USD937.76M USD413.66M USD−110.44M USDRevenue, FY2021: 1.06B USDRevenue, FY2022: 1.09B USDRevenue, FY2023: 1.14B USDRevenue, FY2024: 1.24B USDRevenue, FY2025: 1.33B USDOperating income, FY2021: 28.33M USDOperating income, FY2022: 30.16M USDOperating income, FY2023: 31.67M USDOperating income, FY2024: 46.98M USDOperating income, FY2025: 61.99M USDNet income, FY2021: 20.58M USDNet income, FY2022: 21.37M USDNet income, FY2023: 23.24M USDNet income, FY2024: 33.94M USDNet income, FY2025: 46.44M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.06B USD. Revenue FY2022 1.09B USD. Revenue FY2023 1.14B USD. Revenue FY2024 1.24B USD. Revenue FY2025 1.33B USD. Operating income FY2021 28.33M USD. Operating income FY2022 30.16M USD. Operating income FY2023 31.67M USD. Operating income FY2024 46.98M USD. Operating income FY2025 61.99M USD. Net income FY2021 20.58M USD. Net income FY2022 21.37M USD. Net income FY2023 23.24M USD. Net income FY2024 33.94M USD. Net income FY2025 46.44M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.33B USD1.24B USD1.14B USD1.09B USD1.06B USD
Cost of goods sold932.96M USD876.78M USD813.64M USD784.74M USD763.33M USD
Gross profit397.88M USD364.81M USD326.93M USD304.88M USD292.19M USD
Selling, general, and administrative41.43M USD37.05M USD34.37M USD31.56M USD28.36M USD
Operating expenses335.89M USD317.83M USD295.26M USD274.73M USD263.86M USD
Interest expense3.06M USD4.18M USD3.3M USD2.37M USD2.27M USD
Depreciation and amortization31.81M USD30.93M USD30.41M USD28.61M USD30.43M USD
Operating income61.99M USD46.98M USD31.67M USD30.16M USD28.33M USD
Net income46.44M USD33.94M USD23.24M USD21.37M USD20.58M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

16 ratings
Strong buy00%
Buy956%
Hold744%
Sell00%
Strong sell00%

NGVC news

prnewswire.com

Natural Grocers® Announces One-Day Anniversary Afterparty With Encore Savings, Freebies and a Chance to Win a Year of Free Groceries, Aug. 27, 2026

Loyalty members get one more chance to enjoy up to 52% off hundreds of premium-quality items during the retailer's 71st Anniversary encore event LAKEWOOD, Colo., Aug. 24, 2026 /PRNewswire/ -- Natural Grocers® , the…

Read source
gurufocus.com

Natural Grocers® Hosts In-Person Hiring Event in Appleton, Wisconsin on August 25, 2026

Natural Grocers Hosts In-Person Hiring Event in Appleton, Wisconsin on August 25, 2026 PR Newswire LAKEWOOD, Col

Read source
prnewswire.com

Natural Grocers® Hosts In-Person Hiring Event in Appleton, Wisconsin on August 25, 2026

LAKEWOOD, Colo., Aug. 22, 2026 /PRNewswire/ -- Natural Grocers®, the nation's largest family-operated organic and natural grocery retailer, is hosting an in-person hiring event for a variety of positions ahead of the…

Read source
gurufocus.com

Chuck Royce's Second Quarter 2026 13F: Catalyst Pharmaceuticals Reduction Leads Portfolio Shifts

A Deep Dive into the Small-Cap Pioneer's Latest Moves, Including a -0.42% Impact from Exiting a Major StakeCharles M. Royce, a pioneer of small-cap investing an

Read source
zacks.com

Natural Grocers' Stock Down 14% as Q3 Earnings Decline Y/Y

NGVC's fiscal Q3 earnings per share decline year over year on lower margins and increased pre-opening costs, partly offset by comparable-store sales growth. Management narrows its fiscal 2026 EPS outlook.

Read source
gurufocus.com

Natural Grocers® Announces Career Opportunities Ahead of Appleton, Wisconsin Store Opening

Natural Grocers Announces Career Opportunities Ahead of Appleton, Wisconsin Store Opening PR Newswire LAKEWOOD,

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.51

2025 complete year+64.5% since 2021

2026 partial: $0.45

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 17, 2026

$0.15

Quarterly

Record Aug 17, 2026 · Payment Sep 2, 2026

Dividend

Ex-dividend May 18, 2026

$0.15

Quarterly

Record May 18, 2026 · Payment Jun 3, 2026

Dividend

Ex-dividend Mar 2, 2026

$0.15

Quarterly

Record Mar 2, 2026 · Payment Mar 18, 2026

Dividend

Ex-dividend Dec 1, 2025

$0.15

Quarterly

Record Dec 1, 2025 · Payment Dec 10, 2025

Dividend

Ex-dividend Sep 2, 2025

$0.12

Quarterly

Record Sep 2, 2025 · Payment Sep 17, 2025

Dividend

Ex-dividend May 27, 2025

$0.12

Quarterly

Record May 27, 2025 · Payment Jun 11, 2025

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ETFs holding NGVC

Funds reporting this stock among their holdings, ordered by reported position size.

Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
17.49M
Weight
0.06%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$125.95-0.40%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
12.83M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$376.78-0.39%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
9.26M
Weight
0.01%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$298.27-0.56%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
3.91M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$243.63-0.77%
Vanguard Consumer Staples ETF logoVanguard Consumer Staples ETFVDC
Market value
3.41M
Weight
0.04%
AUM
9.3B USD
Expense ratio
0.09%
Price / 1D
$235.11+1.45%
WisdomTree U.S. SmallCap Dividend Fund logoWisdomTree U.S. SmallCap Dividend FundDES
Market value
2.72M
Weight
0.13%
AUM
2.24B USD
Expense ratio
0.38%
Price / 1D
$40.775-0.13%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
2.37M
Weight
0.01%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$120.58-0.55%
U.S. Micro Cap Portfolio ETF logoU.S. Micro Cap Portfolio ETFDFMC
Market value
2.25M
Weight
0.03%
AUM
8.06B USD
Expense ratio
0.43%
Price / 1D
$60.7138-0.43%

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