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NGVC

Natural Grocers by Vitamin Cottage, Inc.

Price Chart
Latest Quote

$32.17

+1.92 (+6.35%)
Current Price
Previous Close $30.25
Open $30.97
Day High $32.31
Day Low $30.98
Volume 104,849
Fetched: 2026-06-24T03:42:51
Stock Information
Quarterly Dividend / Yield $0.60 / 1.87%
Shares Outstanding 23.04M
Quarterly Dividend Yield 1.87%
Quarterly Dividend $0.60
Total Debt $324.52M
Cash Equivalents $20.72M
Revenue $1.34B
Net Income $48.17M
Sector Consumer Defensive
Industry Grocery Stores
Market Cap $741.22M
P/E Ratio 15.47
EPS (TTM) $2.08
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$1.05B
Sales$1.34B
Income$48.17M
Book/sh$10.02
Cash/sh$0.90
Employees3K
Financial Ratios
Quick Ratio0.21
Current Ratio1.05
Debt/Eq140.55
EPS Growth TTM2.50%
Returns & Margins
ROA5.92%
ROE22.73%
Gross Margin33.64%
Operating Margin5.37%
Profit Margin3.60%
Ownership
Insider Ownership43.84%
Institutional Ownership39.12%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E13.93
PEG1.44
P/S0.55
P/B3.21
Analyst Data
Recommendationnone
Target Price$46.33
Technical Indicators
SMA20$30.10
SMA50$28.71
SMA200$29.29
RSI70.44
ATR1.1386
Shares Float10.57M
Short Float5.89%
Short Ratio4.04
Volatility1.29
Rel Volume0.83
Performance History
Week+4.96%
Month+10.82%
Quarter+27.73%
6 Months+29.72%
YTD+31.67%
Year-20.54%
3 Years+202.89%
5 Years+230.19%
10 Years+247.62%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-23 $32.17 104,849
2026-06-22 $30.25 91,700
2026-06-18 $30.11 121,400
2026-06-17 $30.72 105,100
2026-06-16 $30.56 123,000
2026-06-15 $30.65 95,500
2026-06-12 $31.58 56,400
2026-06-11 $31.35 125,100
2026-06-10 $31.45 158,600
2026-06-09 $30.42 195,400
2026-06-08 $30.10 143,700
2026-06-05 $30.10 100,400
2026-06-04 $29.10 136,400
2026-06-03 $28.61 173,100
2026-06-02 $29.10 128,900
2026-06-01 $28.67 164,600
2026-05-29 $29.36 146,500
2026-05-28 $29.67 118,100
2026-05-27 $29.79 131,100
2026-05-26 $28.18 104,600
About Natural Grocers by Vitamin Cottage, Inc.

Natural 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; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; 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 name-brand supplements, as well as 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; household and general merchandise, including cleaning supplies, paper products, and dish and laundry soaps, as well as other common household products, such as diapers; and books and handouts. The company operates its retail stores under the Natural Grocers, Vitamin Cottage, Health Hotline, Natural Grocers by Vitamin Cottage trademark, as well as Vitamin Cottage Natural Grocers and Health Hotline trademarks. The company also offers science-based nutrition education programs to help customers make informed health and nutrition choices. The company was formerly known as Vitamin Cottage Natural Food Markets, Inc. Natural Grocers by Vitamin Cottage, Inc. was founded in 1955 and is headquartered in Lakewood, Colorado.

Period:
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Income Statement (Annual)
Metric 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Revenue
Reconciled Cost Of Revenue $932,076,000 $875,853,000 $812,108,000 $784,744,000
Cost Of Revenue $932,959,000 $876,775,000 $813,637,000 $784,744,000
Total Revenue $1,330,836,000 $1,241,585,000 $1,140,568,000 $1,089,625,000
Operating Revenue $1,330,836,000 $1,241,585,000 $1,140,568,000 $1,089,625,000
Expenses
Interest Expense $3,063,000 $4,176,000 $3,299,000 $2,371,000
Total Expenses $1,267,803,000 $1,192,886,000 $1,106,892,000 $1,058,363,000
Other Income Expense $-1,043,000 $-1,722,000 $-2,007,000 $-1,107,000
Net Non Operating Interest Income Expense $-3,063,000 $-4,176,000 $-3,299,000 $-2,371,000
Interest Expense Non Operating $3,063,000 $4,176,000 $3,299,000 $2,371,000
Operating Expense $334,844,000 $316,111,000 $293,255,000 $273,619,000
Other Operating Expenses $262,485,000 $249,055,000 $231,512,000 $242,057,000
General And Administrative Expense $41,428,000 $37,048,000 $34,366,000 $31,562,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $46,444,000 $33,935,000 $23,243,000 $21,365,000
Net Interest Income $-3,063,000 $-4,176,000 $-3,299,000 $-2,371,000
Normalized Income $47,265,884 $35,300,546 $24,886,733 $22,216,283
Net Income From Continuing And Discontinued Operation $46,444,000 $33,935,000 $23,243,000 $21,365,000
Total Operating Income As Reported $61,990,000 $46,977,000 $31,669,000 $30,155,000
Net Income Common Stockholders $46,444,000 $33,935,000 $23,243,000 $21,365,000
Net Income $46,444,000 $33,935,000 $23,243,000 $21,365,000
Net Income Including Noncontrolling Interests $46,444,000 $33,935,000 $23,243,000 $21,365,000
Net Income Continuous Operations $46,444,000 $33,935,000 $23,243,000 $21,365,000
Pretax Income $58,927,000 $42,801,000 $28,370,000 $27,784,000
Special Income Charges $-1,043,000 $-1,722,000 $-2,007,000 $-1,107,000
Operating Income $63,033,000 $48,699,000 $33,676,000 $31,262,000
Depreciation Amortization Depletion Income Statement $30,931,000 $30,008,000 $27,377,000 -
Depreciation And Amortization In Income Statement $30,931,000 $30,008,000 $27,377,000 -
Gross Profit $397,877,000 $364,810,000 $326,931,000 $304,881,000
Per Share
Diluted EPS $2.00 $1.47 $1.02 $0.94
Basic EPS $2.02 $1.49 $1.02 $0.94
Other
Tax Effect Of Unusual Items $-221,116 $-356,454 $-363,267 $-255,717
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $94,847,000 $79,629,000 $62,582,000 $59,168,000
Total Unusual Items $-1,043,000 $-1,722,000 $-2,007,000 $-1,107,000
Total Unusual Items Excluding Goodwill $-1,043,000 $-1,722,000 $-2,007,000 $-1,107,000
Reconciled Depreciation $31,814,000 $30,930,000 $28,906,000 $27,906,000
EBITDA (Bullshit earnings) $93,804,000 $77,907,000 $60,575,000 $58,061,000
EBIT $61,990,000 $46,977,000 $31,669,000 $30,155,000
Diluted Average Shares $23,255,274 $23,083,903 $22,834,316 $22,816,614
Basic Average Shares $22,936,194 $22,774,825 $22,725,088 $22,666,773
Diluted NI Availto Com Stockholders $46,444,000 $33,935,000 $23,243,000 $21,365,000
Tax Provision $12,483,000 $8,866,000 $5,127,000 $6,419,000
Other Special Charges $1,043,000 $1,722,000 $2,007,000 $1,107,000
Selling General And Administration $41,428,000 $37,048,000 $34,366,000 $31,562,000
Other Gand A $41,428,000 $37,048,000 $34,366,000 $31,562,000
Restructuring And Mergern Acquisition - $1,722,000 $2,007,000 $1,107,000
Fetched: 2026-06-21
Balance Sheet (Annual)
Metric 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Assets
Net Tangible Assets $195,497,000 $160,595,000 $156,712,000 $141,681,000
Total Assets $670,504,000 $655,476,000 $669,185,000 $663,108,000
Total Non Current Assets $502,429,000 $508,418,000 $516,635,000 $522,448,000
Other Non Current Assets $2,000 $2,000 $2,000 $452,000
Non Current Prepaid Assets $180,000 $158,000 $186,000 $452,000
Non Current Deferred Assets $127,000 $127,000 $207,000 $37,000
Goodwill And Other Intangible Assets $16,898,000 $13,659,000 $14,129,000 $14,131,000
Other Intangible Assets $11,700,000 $8,461,000 $8,931,000 $8,933,000
Current Assets $168,075,000 $147,058,000 $152,550,000 $140,660,000
Other Current Assets $6,025,000 $4,905,000 $4,151,000 $4,369,000
Inventory $132,968,000 $120,672,000 $119,260,000 $113,756,000
Receivables $11,966,000 $12,610,000 $10,797,000 $10,496,000
Accounts Receivable $11,966,000 $12,610,000 $10,797,000 $10,496,000
Allowance For Doubtful Accounts Receivable $-200,000 $-200,000 $-200,000 $-100,000
Gross Accounts Receivable $12,166,000 $12,810,000 $10,997,000 $10,596,000
Cash Cash Equivalents And Short Term Investments $17,116,000 $8,871,000 $18,342,000 $12,039,000
Cash And Cash Equivalents $17,116,000 $8,871,000 $18,342,000 $12,039,000
Prepaid Assets - - - $4,369,000
Debt
Total Debt $332,019,000 $346,507,000 $370,178,000 $393,374,000
Long Term Debt And Capital Lease Obligation $291,463,000 $306,621,000 $329,888,000 $353,666,000
Current Debt And Capital Lease Obligation $40,556,000 $39,886,000 $40,290,000 $39,708,000
Long Term Debt - - $5,938,000 $13,938,000
Current Debt - - $1,750,000 $1,750,000
Other Current Borrowings - - $1,750,000 $1,750,000
Net Debt - - - $3,649,000
Liabilities
Total Liabilities Net Minority Interest $458,109,000 $481,222,000 $498,344,000 $507,296,000
Total Non Current Liabilities Net Minority Interest $299,326,000 $317,092,000 $344,315,000 $369,568,000
Non Current Deferred Liabilities $7,863,000 $10,471,000 $14,427,000 $15,902,000
Non Current Deferred Taxes Liabilities $7,863,000 $10,471,000 $14,427,000 $15,902,000
Current Liabilities $158,783,000 $164,130,000 $154,029,000 $137,728,000
Current Deferred Liabilities $1,927,000 $1,895,000 $1,866,000 $1,757,000
Payables And Accrued Expenses $116,300,000 $122,349,000 $111,873,000 $96,263,000
Payables $91,019,000 $98,004,000 $90,519,000 $79,733,000
Total Tax Payable $10,028,000 $9,607,000 $9,844,000 $8,450,000
Accounts Payable $80,991,000 $88,397,000 $80,675,000 $71,283,000
Equity
Common Stock Equity $212,395,000 $174,254,000 $170,841,000 $155,812,000
Total Equity Gross Minority Interest $212,395,000 $174,254,000 $170,841,000 $155,812,000
Stockholders Equity $212,395,000 $174,254,000 $170,841,000 $155,812,000
Retained Earnings $149,339,000 $113,904,000 $111,871,000 $97,717,000
Other
Ordinary Shares Number $22,954,712 $22,888,540 $22,738,915 $22,690,188
Share Issued $22,954,712 $22,888,540 $22,745,412 $22,690,188
Tangible Book Value $195,497,000 $160,595,000 $156,712,000 $141,681,000
Invested Capital $212,395,000 $174,254,000 $178,529,000 $171,500,000
Working Capital $9,292,000 $-17,072,000 $-1,479,000 $2,932,000
Capital Lease Obligations $332,019,000 $346,507,000 $362,490,000 $377,686,000
Total Capitalization $212,395,000 $174,254,000 $176,779,000 $169,750,000
Additional Paid In Capital $63,033,000 $60,327,000 $59,013,000 $58,072,000
Capital Stock $23,000 $23,000 $23,000 $23,000
Common Stock $23,000 $23,000 $23,000 $23,000
Long Term Capital Lease Obligation $291,463,000 $306,621,000 $323,950,000 $339,728,000
Current Deferred Revenue $1,927,000 $1,895,000 $1,866,000 $1,757,000
Current Capital Lease Obligation $40,556,000 $39,886,000 $38,540,000 $37,958,000
Current Accrued Expenses $25,281,000 $24,345,000 $21,354,000 $16,530,000
Goodwill $5,198,000 $5,198,000 $5,198,000 $5,198,000
Net PPE $485,222,000 $494,472,000 $502,111,000 $507,865,000
Accumulated Depreciation $-298,079,000 $-279,502,000 $-259,628,000 $-243,558,000
Gross PPE $783,301,000 $773,974,000 $761,739,000 $751,423,000
Leases $192,171,000 $185,045,000 $173,407,000 $163,721,000
Construction In Progress $3,009,000 $5,758,000 $15,221,000 $8,651,000
Other Properties $302,481,000 $315,863,000 $333,051,000 $350,686,000
Machinery Furniture Equipment $206,459,000 $197,682,000 $184,790,000 $176,787,000
Buildings And Improvements $65,591,000 $60,556,000 $46,412,000 $43,010,000
Land And Improvements $13,590,000 $9,070,000 $8,858,000 $8,568,000
Properties $0 $0 $0 $0
Finished Goods $132,968,000 $120,672,000 $119,260,000 $113,756,000
Treasury Stock - $0 $66,000 $0
Treasury Shares Number - - $6,497 -
Fetched: 2026-06-21
Cash Flow Statement (Annual)
Metric 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Free Cash Flow
Free Cash Flow $23,925,000 $35,080,000 $26,513,000 $8,249,000
Operating Activities
Operating Cash Flow $55,304,000 $73,760,000 $64,606,000 $39,693,000
Cash Flow From Continuing Operating Activities $55,304,000 $73,760,000 $64,606,000 $39,693,000
Operating Gains Losses $-34,000 $10,000 $379,000 $78,000
Investing Activities
Capital Expenditure $-31,379,000 $-38,680,000 $-38,093,000 $-31,444,000
Investing Cash Flow $-30,971,000 $-38,600,000 $-37,950,000 $-31,143,000
Cash Flow From Continuing Investing Activities $-30,971,000 $-38,600,000 $-37,950,000 $-31,143,000
Net Other Investing Changes $315,000 $43,000 $36,000 $280,000
Financing Activities
Repurchase Of Capital Stock $0 $0 $-181,000 $0
Financing Cash Flow $-16,088,000 $-44,631,000 $-20,353,000 $-20,189,000
Cash Flow From Continuing Financing Activities $-16,088,000 $-44,631,000 $-20,353,000 $-20,189,000
Net Other Financing Charges $-1,254,000 $-1,467,000 $-304,000 $-403,000
Cash Dividends Paid $-11,009,000 $-31,866,000 $-9,089,000 $-9,067,000
Net Common Stock Issuance $0 $0 $-181,000 $0
Common Stock Dividend Paid - - - -
Other
Repayment Of Debt $-670,025,000 $-615,498,000 $-541,879,000 $-139,719,000
Issuance Of Debt $666,200,000 $604,200,000 $531,100,000 $129,000,000
Interest Paid Supplemental Data $3,121,000 $4,155,000 $3,307,000 $2,428,000
Income Tax Paid Supplemental Data $15,911,000 $13,581,000 $5,048,000 $7,012,000
End Cash Position $17,116,000 $8,871,000 $18,342,000 $12,039,000
Beginning Cash Position $8,871,000 $18,342,000 $12,039,000 $23,678,000
Changes In Cash $8,245,000 $-9,471,000 $6,303,000 $-11,639,000
Common Stock Payments $0 $0 $-181,000 $0
Net Issuance Payments Of Debt $-3,825,000 $-11,298,000 $-10,779,000 $-10,719,000
Net Short Term Debt Issuance $0 $0 $0 $0
Short Term Debt Payments $-666,200,000 $-604,200,000 $-531,100,000 $-129,000,000
Short Term Debt Issuance $666,200,000 $604,200,000 $531,100,000 $129,000,000
Net Long Term Debt Issuance $-3,825,000 $-11,298,000 $-10,779,000 $-10,719,000
Long Term Debt Payments $-3,825,000 $-11,298,000 $-10,779,000 $-10,719,000
Net Intangibles Purchase And Sale $-178,000 $-1,139,000 $-1,525,000 $-3,406,000
Purchase Of Intangibles $-178,000 $-1,139,000 $-1,525,000 $-3,406,000
Net PPE Purchase And Sale $-31,108,000 $-37,504,000 $-36,461,000 $-28,017,000
Sale Of PPE $93,000 $37,000 $107,000 $21,000
Purchase Of PPE $-31,201,000 $-37,541,000 $-36,568,000 $-28,038,000
Change In Working Capital $-24,364,000 $8,052,000 $10,906,000 $-14,393,000
Change In Other Current Liabilities $-34,432,000 $-34,197,000 $-33,899,000 $-29,044,000
Change In Other Current Assets $33,592,000 $33,446,000 $33,067,000 $31,895,000
Change In Payables And Accrued Expense $-4,697,000 $12,822,000 $16,677,000 $595,000
Change In Accrued Expense $1,389,000 $2,783,000 $6,327,000 $148,000
Change In Payable $-6,086,000 $10,039,000 $10,350,000 $447,000
Change In Account Payable $-6,086,000 $10,039,000 $10,350,000 $447,000
Change In Prepaid Assets $-5,516,000 $-1,069,000 $-128,000 $-1,025,000
Change In Inventory $-12,296,000 $-1,412,000 $-5,504,000 $-13,210,000
Change In Receivables $-1,015,000 $-1,538,000 $693,000 $-3,604,000
Changes In Account Receivables $-411,000 $-1,790,000 $315,000 $-2,973,000
Other Non Cash Items $11,000 $-143,000 $19,000 $22,000
Stock Based Compensation $3,960,000 $2,829,000 $1,360,000 $1,186,000
Asset Impairment Charge $81,000 $2,102,000 $1,268,000 $2,920,000
Deferred Tax $-2,608,000 $-3,955,000 $-1,475,000 $609,000
Deferred Income Tax $-2,608,000 $-3,955,000 $-1,475,000 $609,000
Depreciation Amortization Depletion $31,814,000 $30,930,000 $28,906,000 $27,906,000
Depreciation And Amortization $31,814,000 $30,930,000 $28,906,000 $27,906,000
Gain Loss On Sale Of PPE $-34,000 $10,000 $379,000 $78,000
Net Income From Continuing Operations $46,444,000 $33,935,000 $23,243,000 $21,365,000
Long Term Debt Issuance - - $0 $0
Fetched: 2026-06-21