What is Natural Grocers By Vitamin Cot's earnings per share (EPS)?

Natural Grocers By Vitamin Cot (NGVC) reported diluted earnings per share of $2.00 for fiscal year 2025. This represents a 36.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Natural Grocers By Vitamin Cot Financials

NGVC

FY2025 annual

Revenue $1.3B +7.2% YoY

Net Income $46.4M +36.9% YoY

EPS (Diluted) $2.00 +36.1% YoY

Free Cash Flow $24.1M -33.5% YoY

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE September

Natural Grocers By Vitamin Cot (NGVC) reported $1.3B in revenue for fiscal year 2025, up 7.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NGVC FY2025 2026-08-06

Profitability is widening faster than sales, while a debt-free balance sheet shows this business is funding itself more from operations than lenders.

Between FY2023 and FY2025, operating margin moved from 2.8% to 4.7%, a much bigger shift than the top line alone would suggest and a sign that overhead did not rise as fast as gross profit. But cash conversion softened in FY2025: net income climbed to $46.4M while operating cash flow slipped to $55.3M, so more of the year's gain stayed tied up inside working capital instead of becoming spendable cash.

Long-term debt was already down to $0 by FY2024, and total liabilities kept falling in FY2025, which means recent profit growth was not purchased with added leverage. That matters because the business is still reinvesting heavily, with capital spending of $31.2M consuming a meaningful share of operating cash.

Gross margin reached 29.9% in FY2025 while the current ratio improved to 1.1x, suggesting the business ended the year with a little more short-term breathing room even though it does not carry much surplus liquidity. The bigger point is that a thin-margin model can still produce strong earnings growth when small margin gains are sustained across a large revenue base.

Financial Health Signals

Financial Health Score 56/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Natural Grocers By Vitamin Cot's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Natural Grocers By Vitamin Cot has an operating margin of 4.7%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 57/100, indicating healthy but not exceptional operating efficiency. This is up from 3.8% the prior year.

Growth

Natural Grocers By Vitamin Cot's revenue grew 7.2% year-over-year to $1.3B, a solid pace of expansion. This earns a growth score of 60/100.

Leverage

Natural Grocers By Vitamin Cot carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Natural Grocers By Vitamin Cot's current ratio of 1.06 is below the typical benchmark, resulting in a score of 22/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Natural Grocers By Vitamin Cot has a free cash flow margin of 1.8%, earning a moderate score of 37/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Natural Grocers By Vitamin Cot earns a strong 21.9% return on equity (ROE), meaning it generates $22 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 68/100. This is up from 19.5% the prior year.

Altman Z-Score Safe

3.46

Natural Grocers By Vitamin Cot scores 3.46, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

Natural Grocers By Vitamin Cot passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.19x

For every $1 of reported earnings, Natural Grocers By Vitamin Cot generates $1.19 in operating cash flow ($55.3M OCF vs $46.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

20.24x

Natural Grocers By Vitamin Cot earns $20.24 in operating income for every $1 of interest expense ($62.0M vs $3.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.3B

YoY+7.2%

5Y CAGR+5.1%

10Y CAGR+7.9%

Natural Grocers By Vitamin Cot generated $1.3B in revenue in fiscal year 2025. This represents an increase of 7.2% from the prior year.

EBITDA

$93.8M

YoY+20.4%

5Y CAGR+9.7%

10Y CAGR+6.5%

Natural Grocers By Vitamin Cot's EBITDA was $93.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.4% from the prior year.

Net Income

$46.4M

YoY+36.9%

5Y CAGR+18.3%

10Y CAGR+11.1%

Natural Grocers By Vitamin Cot reported $46.4M in net income in fiscal year 2025. This represents an increase of 36.9% from the prior year.

EPS (Diluted)

$2.00

YoY+36.1%

5Y CAGR+17.6%

10Y CAGR+10.8%

Natural Grocers By Vitamin Cot earned $2.00 per diluted share (EPS) in fiscal year 2025. This represents an increase of 36.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$24.1M

YoY-33.5%

5Y CAGR-9.5%

10Y CAGR+18.9%

Natural Grocers By Vitamin Cot generated $24.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 33.5% from the prior year.

Cash & Debt

$17.1M

YoY+92.9%

5Y CAGR-9.7%

10Y CAGR+19.4%

Natural Grocers By Vitamin Cot held $17.1M in cash against $0 in long-term debt as of fiscal year 2025, with $158.8M of liabilities due within a year.

Shares Outstanding

23M

YoY+0.3%

5Y CAGR+0.4%

10Y CAGR+0.2%

Natural Grocers By Vitamin Cot had 23M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

29.9%

YoY+0.5pp

5Y CAGR+2.6pp

10Y CAGR+0.8pp

Natural Grocers By Vitamin Cot's gross margin was 29.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.

Operating Margin

4.7%

YoY+0.9pp

5Y CAGR+2.0pp

10Y CAGR+0.1pp

Natural Grocers By Vitamin Cot's operating margin was 4.7% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.

Net Margin

3.5%

YoY+0.8pp

5Y CAGR+1.6pp

10Y CAGR+0.9pp

Natural Grocers By Vitamin Cot's net profit margin was 3.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.8 percentage points from the prior year.

Return on Equity

21.9%

YoY+2.4pp

5Y CAGR+10.3pp

10Y CAGR+7.8pp

Natural Grocers By Vitamin Cot's ROE was 21.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the prior year.

Capital Allocation

Share Buybacks

Natural Grocers By Vitamin Cot repurchased no shares in fiscal year 2025.

Capital Expenditures

$31.2M

YoY-16.9%

5Y CAGR+3.1%

10Y CAGR-1.6%

Natural Grocers By Vitamin Cot invested $31.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 16.9% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

NGVC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

NGVC annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$1.3B	$1.3B+7.2%	$1.2B+8.9%	$1.1B+4.7%	$1.1B+3.2%	$1.1B+1.8%	$1.0B+14.7%	$903.6M+6.4%	$849.0M+10.4%	$769.0M+9.0%	$705.5M+12.9%	$624.7M+20.0%	$520.7M+20.9%	$430.7M+28.0%	$336.4M+27.2%	$264.5M
Gross Profit	$398.3M	$397.9M+9.1%	$364.8M+11.6%	$326.9M+7.2%	$304.9M+4.3%	$292.2M+3.2%	$283.1M+18.6%	$238.8M+5.8%	$225.6M+6.2%	$212.3M+5.2%	$201.8M+10.8%	$182.1M+20.2%	$151.5M+20.5%	$125.7M+26.9%	$99.1M+28.0%	$77.4M
SG&A Expenses	$43.3M	$44.4M+14.6%	$38.7M+7.6%	$36.0M+14.0%	$31.6M+11.3%	$28.4M+5.9%	$26.8M+17.3%	$22.8M+6.2%	$21.5M+7.1%	$20.1M+4.4%	$19.2M+9.9%	$17.5M+18.2%	$14.8M+10.0%	$13.5M+5.9%	$12.7M+22.5%	$10.4M
Operating Income	$63.3M	$62.0M+32.0%	$47.0M+48.3%	$31.7M+5.0%	$30.2M+6.5%	$28.3M+2.1%	$27.7M+65.5%	$16.8M+11.4%	$15.1M+6.8%	$14.1M-30.8%	$20.4M-28.8%	$28.6M+18.1%	$24.2M+27.0%	$19.1M+59.1%	$12.0M+61.8%	$7.4M
Interest Expense	$2.7M	$3.1M-26.7%	$4.2M+26.6%	$3.3M+39.1%	$2.4M+4.4%	$2.3M+10.9%	$2.0M-58.6%	$5.0M+8.6%	$4.6M+20.2%	$3.8M+24.6%	$3.0M+1.7%	$3.0M+19.9%	$2.5M+15.2%	$2.2M+281.3%	$568K-15.1%	$669K
Income Tax	$12.9M	$12.5M+40.8%	$8.9M+72.9%	$5.1M-20.1%	$6.4M+17.2%	$5.5M-3.8%	$5.7M+137.4%	$2.4M+210.6%	-$2.2M-163.5%	$3.4M-41.8%	$5.9M-37.8%	$9.4M+13.9%	$8.3M+29.8%	$6.4M+61.3%	$4.0M+82.5%	$2.2M
Net Income	$47.6M	$46.4M+36.9%	$33.9M+46.0%	$23.2M+8.8%	$21.4M+3.8%	$20.6M+2.9%	$20.0M+112.5%	$9.4M-25.6%	$12.7M+83.7%	$6.9M-39.9%	$11.5M-29.2%	$16.2M+20.3%	$13.5M+27.7%	$10.6M+41.1%	$7.5M+62.2%	$4.6M
EPS (Diluted)	—	$2.00+36.1%	$1.47+44.1%	$1.02+8.5%	$0.94+3.3%	$0.91+2.2%	$0.89+111.9%	$0.42-25.0%	$0.56+80.6%	$0.31-39.2%	$0.51-29.2%	$0.72+20.0%	$0.60+27.7%	$0.47+56.7%	$0.30+87.5%	$0.16

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$334.7M-0.8%	$337.4M+0.5%	$335.6M-0.2%	$336.1M+2.3%	$328.7M-2.1%	$335.8M+1.7%	$330.2M+2.3%	$322.7M
Gross Profit	$98.0M-4.3%	$102.4M+3.6%	$98.9M-0.2%	$99.0M+0.8%	$98.3M-3.4%	$101.7M+3.0%	$98.8M+3.6%	$95.4M
SG&A Expenses	$9.5M-21.6%	$12.1M+11.9%	$10.8M-0.3%	$10.9M-0.7%	$10.9M-0.7%	$11.0M-4.3%	$11.5M+12.4%	$10.2M
Operating Income	$15.0M-17.2%	$18.1M+23.6%	$14.6M-5.5%	$15.5M-0.5%	$15.6M-11.2%	$17.6M+31.5%	$13.3M+10.6%	$12.1M
Interest Expense	$663K+4.9%	$632K-11.4%	$713K+2.4%	$696K+0.3%	$694K-7.5%	$750K-18.7%	$923K-12.3%	$1.1M
Income Tax	$3.3M-19.3%	$4.0M+55.3%	$2.6M-13.5%	$3.0M-8.6%	$3.3M-11.2%	$3.7M+48.9%	$2.5M+24.2%	$2.0M
Net Income	$11.1M-17.6%	$13.4M+18.5%	$11.3M-3.9%	$11.8M+1.7%	$11.6M-11.4%	$13.1M+31.8%	$9.9M+10.3%	$9.0M
EPS (Diluted)	$0.48-17.2%	$0.58+18.4%	$0.49	N/A	$0.50-10.7%	$0.56+30.2%	$0.43	N/A

Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses.

TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

NGVC Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

NGVC annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$670.5M+2.3%	$655.5M-2.0%	$669.2M+0.9%	$663.1M+1.2%	$655.1M-3.9%	$681.8M+108.4%	$327.1M+6.5%	$307.1M+2.4%	$300.0M+6.3%	$282.2M+20.7%	$233.9M+23.8%	$189.0M+18.2%	$159.9M+27.2%	$125.7M	N/A
Current Assets	$168.1M+14.3%	$147.1M-3.6%	$152.6M+8.5%	$140.7M+3.7%	$135.6M-5.4%	$143.4M+24.5%	$115.2M+3.8%	$111.0M+2.5%	$108.2M+11.2%	$97.3M+18.3%	$82.3M+22.6%	$67.1M+12.1%	$59.9M+1.6%	$58.9M	N/A
Cash & Equivalents	$17.1M+92.9%	$8.9M-51.6%	$18.3M+52.4%	$12.0M-49.2%	$23.7M-17.0%	$28.5M+359.2%	$6.2M-33.9%	$9.4M+44.1%	$6.5M+62.3%	$4.0M+37.8%	$2.9M-43.0%	$5.1M-37.1%	$8.1M-53.0%	$17.3M+4474.3%	$378K
Accounts Receivable	$12.0M-5.1%	$12.6M+16.8%	$10.8M+2.9%	$10.5M+23.6%	$8.5M-0.4%	$8.5M+68.4%	$5.1M+6.8%	$4.7M-2.5%	$4.9M+29.7%	$3.7M+45.5%	$2.6M+20.0%	$2.1M-10.6%	$2.4M+29.4%	$1.9M	N/A
Goodwill	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M+917.2%	$511K0.0%	$511K0.0%	$511K	N/A
Total Liabilities	$458.1M-4.8%	$481.2M-3.4%	$498.3M-1.8%	$507.3M-1.0%	$512.3M+0.7%	$508.7M+198.9%	$170.2M+6.1%	$160.4M-3.5%	$166.1M+6.8%	$155.5M+31.3%	$118.4M+31.4%	$90.1M+19.6%	$75.4M+43.0%	$52.7M	N/A
Current Liabilities	$158.8M-3.3%	$164.1M+6.6%	$154.0M+11.8%	$137.7M+3.0%	$133.8M+3.6%	$129.2M+55.1%	$83.3M+4.5%	$79.7M+11.4%	$71.6M+7.5%	$66.5M-4.8%	$69.9M+40.1%	$49.9M+29.9%	$38.4M+12.6%	$34.1M	N/A
Long-Term Debt	$0	$0-100.0%	$5.9M-57.4%	$13.9M-36.5%	$21.9M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$4.2M	N/A
Total Equity	$212.4M+21.9%	$174.3M+2.0%	$170.8M+9.6%	$155.8M+9.2%	$142.7M-17.5%	$173.1M+10.3%	$156.9M+6.9%	$146.7M+9.6%	$133.9M+5.6%	$126.7M+9.7%	$115.5M+16.8%	$98.9M+16.9%	$84.5M+15.9%	$72.9M+358.0%	$15.9M
Retained Earnings	$149.3M+31.1%	$113.9M+1.8%	$111.9M+14.5%	$97.7M+14.4%	$85.4M-26.5%	$116.3M+15.2%	$100.9M+10.3%	$91.5M+16.1%	$78.8M+9.6%	$72.0M+19.0%	$60.5M+36.6%	$44.3M+43.7%	$30.8M+52.1%	$20.3M	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$687.7M+0.4%	$684.7M+2.4%	$668.6M-0.3%	$670.5M+1.7%	$659.0M-0.8%	$664.6M+2.4%	$648.9M-1.0%	$655.5M
Current Assets	$174.1M+2.1%	$170.6M+2.2%	$166.8M-0.8%	$168.1M+7.1%	$157.0M-3.8%	$163.2M+13.0%	$144.5M-1.7%	$147.1M
Cash & Equivalents	$17.5M-15.7%	$20.7M-10.7%	$23.2M+35.6%	$17.1M+29.9%	$13.2M-37.9%	$21.2M+235.8%	$6.3M-28.8%	$8.9M
Accounts Receivable	$10.6M-18.9%	$13.1M+31.6%	$9.9M-16.8%	$12.0M-6.6%	$12.8M+2.9%	$12.4M+4.7%	$11.9M-5.7%	$12.6M
Goodwill	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M0.0%	$5.2M
Total Liabilities	$448.3M-1.2%	$453.8M+1.2%	$448.5M-2.1%	$458.1M+0.4%	$456.5M-3.2%	$471.6M+1.0%	$467.0M-3.0%	$481.2M
Current Liabilities	$158.2M-2.6%	$162.5M+3.9%	$156.4M-1.5%	$158.8M+2.8%	$154.5M-7.9%	$167.7M+11.7%	$150.1M-8.5%	$164.1M
Long-Term Debt	$1.4M-3.9%	$1.5M	N/A	$0	N/A	N/A	$8.9M	$0
Total Equity	$239.4M+3.7%	$230.9M+4.9%	$220.0M+3.6%	$212.4M+4.9%	$202.5M+4.9%	$193.0M+6.1%	$181.9M+4.4%	$174.3M
Retained Earnings	$174.8M+4.6%	$167.2M+6.3%	$157.2M+5.3%	$149.3M+6.4%	$140.3M+6.7%	$131.4M+8.5%	$121.1M+6.3%	$113.9M

Not reported in any period shown, so not listed: Inventory.

NGVC Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

NGVC annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$70.7M	$55.3M-25.0%	$73.8M+14.2%	$64.6M+62.8%	$39.7M-26.3%	$53.9M-19.0%	$66.5M+77.9%	$37.4M-12.8%	$42.9M+4.9%	$40.8M+41.7%	$28.8M-29.7%	$41.0M+29.1%	$31.7M+23.5%	$25.7M+2.0%	$25.2M+50.5%	$16.7M
Capital Expenditures	$48.0M	$31.2M-16.9%	$37.5M+2.7%	$36.6M+30.4%	$28.0M+6.4%	$26.4M-1.5%	$26.8M-10.9%	$30.0M+26.8%	$23.7M-42.4%	$41.1M-23.5%	$53.8M+46.3%	$36.8M+0.7%	$36.5M-8.0%	$39.7M+57.2%	$25.3M+23.5%	$20.4M
Free Cash Flow	$22.7M	$24.1M-33.5%	$36.2M+29.2%	$28.0M+140.6%	$11.7M-57.7%	$27.5M-30.7%	$39.8M+440.7%	$7.4M-61.7%	$19.2M+6712.4%	-$290K+98.8%	-$24.9M-686.2%	$4.3M+189.3%	-$4.8M+66.0%	-$14.0M-24445.6%	-$57K+98.5%	-$3.7M
Investing Cash Flow	-$48.4M	-$31.0M+19.8%	-$38.6M-1.7%	-$38.0M-21.9%	-$31.1M-12.2%	-$27.8M+6.1%	-$29.6M+7.2%	-$31.9M-35.3%	-$23.5M+38.8%	-$38.5M+28.4%	-$53.7M-26.9%	-$42.3M	N/A	N/A	N/A	N/A
Financing Cash Flow	-$18.1M	-$16.1M+64.0%	-$44.6M-119.3%	-$20.4M-0.8%	-$20.2M+34.8%	-$31.0M-111.8%	-$14.6M-68.1%	-$8.7M+47.1%	-$16.4M-10777.3%	$154K-99.4%	$26.0M+3114.5%	-$863K	N/A	N/A	N/A	N/A
Dividends Paid	$13.1M	$11.0M-65.5%	$31.9M+250.6%	$9.1M+0.2%	$9.1M-82.4%	$51.5M+716.6%	$6.3M	$0	$0	$0	$0	$0	$0	$0	$0	N/A
Share Buybacks	N/A	$0	$0-100.0%	$181K	$0	$0	$0	$0-100.0%	$581K+122.6%	$261K-68.5%	$829K	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	$11.3M-50.4%	$22.7M+7.4%	$21.1M+35.2%	$15.6M+432.8%	$2.9M-91.4%	$34.1M+1170.0%	$2.7M-89.0%	$24.5M
Capital Expenditures	$10.0M-50.8%	$20.4M+112.7%	$9.6M+18.5%	$8.1M+14.0%	$7.1M+10.3%	$6.4M-33.2%	$9.6M+47.4%	$6.5M
Free Cash Flow	$1.3M-46.8%	$2.3M-79.7%	$11.6M+53.1%	$7.5M+281.9%	-$4.2M-115.0%	$27.6M+498.5%	-$6.9M-138.6%	$18.0M
Investing Cash Flow	-$10.0M+51.8%	-$20.8M-116.8%	-$9.6M-19.3%	-$8.0M-13.7%	-$7.1M-9.3%	-$6.5M+31.4%	-$9.4M-38.6%	-$6.8M
Financing Cash Flow	-$4.5M-2.0%	-$4.4M+18.9%	-$5.5M-49.2%	-$3.7M+6.2%	-$3.9M+69.3%	-$12.7M-404.0%	$4.2M+118.4%	-$22.7M
Dividends Paid	$3.5M0.0%	$3.5M0.0%	$3.5M+25.5%	$2.8M0.0%	$2.8M+0.1%	$2.8M+0.1%	$2.7M+20.5%	$2.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0

NGVC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

NGVC annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	29.9%+0.5pp	29.4%+0.7pp	28.7%+0.7pp	28.0%+0.3pp	27.7%+0.4pp	27.3%+0.9pp	26.4%-0.2pp	26.6%-1.0pp	27.6%-1.0pp	28.6%-0.6pp	29.1%+0.1pp	29.1%-0.1pp	29.2%-0.3pp	29.4%+0.2pp	29.3%
Operating Margin	4.7%+0.9pp	3.8%+1.0pp	2.8%0.0pp	2.8%+0.1pp	2.7%0.0pp	2.7%+0.8pp	1.9%+0.1pp	1.8%-0.1pp	1.8%-1.1pp	2.9%-1.7pp	4.6%-0.1pp	4.7%+0.2pp	4.4%+0.9pp	3.6%+0.8pp	2.8%
Net Margin	3.5%+0.8pp	2.7%+0.7pp	2.0%+0.1pp	2.0%0.0pp	1.9%0.0pp	1.9%+0.9pp	1.0%-0.5pp	1.5%+0.6pp	0.9%-0.7pp	1.6%-1.0pp	2.6%0.0pp	2.6%+0.1pp	2.5%+0.2pp	2.2%+0.5pp	1.7%
Return on Equity	21.9%+2.4pp	19.5%+5.9pp	13.6%-0.1pp	13.7%-0.7pp	14.4%+2.9pp	11.6%+5.6pp	6.0%-2.6pp	8.6%+3.5pp	5.1%-3.9pp	9.0%-5.0pp	14.0%+0.4pp	13.6%+1.2pp	12.5%+2.2pp	10.3%-18.7pp	28.9%
Return on Assets	6.9%+1.8pp	5.2%+1.7pp	3.5%+0.3pp	3.2%+0.1pp	3.1%+0.2pp	2.9%+0.1pp	2.9%-1.2pp	4.1%+1.8pp	2.3%-1.8pp	4.1%-2.9pp	6.9%-0.2pp	7.1%+0.5pp	6.6%+0.7pp	5.9%	N/A
Current Ratio	1.06+0.2x	0.90-0.1x	0.990.0x	1.020.0x	1.01-0.1x	1.11-0.3x	1.380.0x	1.39-0.1x	1.510.0x	1.46+0.3x	1.18-0.2x	1.35-0.2x	1.56-0.2x	1.73	N/A
Debt-to-Equity	0.000.0x	0.000.0x	0.03-0.1x	0.09-0.1x	0.15+0.2x	0.00-1.1x	1.080.0x	1.09-0.1x	1.240.0x	1.23+0.2x	1.03+0.1x	0.910.0x	0.89+0.8x	0.06	N/A
FCF Margin	1.8%-1.1pp	2.9%+0.5pp	2.5%+1.4pp	1.1%-1.5pp	2.6%-1.2pp	3.8%+3.0pp	0.8%-1.4pp	2.3%+2.3pp	0.0%+3.5pp	-3.5%-4.2pp	0.7%+1.6pp	-0.9%+2.3pp	-3.3%-3.2pp	0.0%+1.4pp	-1.4%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	29.3%-1.1pp	30.4%+0.9pp	29.5%0.0pp	29.5%-0.4pp	29.9%-0.4pp	30.3%+0.4pp	29.9%+0.4pp	29.5%
Operating Margin	4.5%-0.9pp	5.4%+1.0pp	4.4%-0.3pp	4.6%-0.1pp	4.7%-0.5pp	5.2%+1.2pp	4.0%+0.3pp	3.7%
Net Margin	3.3%-0.7pp	4.0%+0.6pp	3.4%-0.1pp	3.5%0.0pp	3.5%-0.4pp	3.9%+0.9pp	3.0%+0.2pp	2.8%
Return on Equity	4.6%-1.2pp	5.8%+0.7pp	5.1%-0.4pp	5.6%-0.2pp	5.7%-1.1pp	6.8%+1.3pp	5.5%+0.3pp	5.2%
Return on Assets	1.6%-0.3pp	2.0%+0.3pp	1.7%-0.1pp	1.8%0.0pp	1.8%-0.2pp	2.0%+0.4pp	1.5%+0.2pp	1.4%
Current Ratio	1.10+0.1x	1.050.0x	1.070.0x	1.060.0x	1.020.0x	0.970.0x	0.96+0.1x	0.90
Debt-to-Equity	0.010.0x	0.01-2.0x	2.04+2.0x	0.00-2.3x	2.25-0.2x	2.44+2.4x	0.050.0x	0.00
FCF Margin	0.4%-0.3pp	0.7%-2.8pp	3.5%+1.2pp	2.3%+3.5pp	-1.3%-9.5pp	8.2%+10.3pp	-2.1%-7.7pp	5.6%

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Where Natural Grocers By Vitamin Cot Ranks

Frequently Asked Questions

What is Natural Grocers By Vitamin Cot's annual revenue?

Natural Grocers By Vitamin Cot (NGVC) reported $1.3B in total revenue for fiscal year 2025. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Natural Grocers By Vitamin Cot's revenue growing?

Natural Grocers By Vitamin Cot (NGVC) revenue grew by 7.2% year-over-year, from $1.2B to $1.3B in fiscal year 2025.

Is Natural Grocers By Vitamin Cot profitable?

Yes, Natural Grocers By Vitamin Cot (NGVC) reported a net income of $46.4M in fiscal year 2025, with a net profit margin of 3.5%.

What is Natural Grocers By Vitamin Cot's EBITDA?

Natural Grocers By Vitamin Cot (NGVC) had EBITDA of $93.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Natural Grocers By Vitamin Cot have?

As of fiscal year 2025, Natural Grocers By Vitamin Cot (NGVC) had $17.1M in cash and equivalents against $0 in long-term debt.

What is Natural Grocers By Vitamin Cot's gross margin?

Natural Grocers By Vitamin Cot (NGVC) had a gross margin of 29.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Natural Grocers By Vitamin Cot's operating margin?

Natural Grocers By Vitamin Cot (NGVC) had an operating margin of 4.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Natural Grocers By Vitamin Cot's net profit margin?

Natural Grocers By Vitamin Cot (NGVC) had a net profit margin of 3.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Natural Grocers By Vitamin Cot's return on equity (ROE)?

Natural Grocers By Vitamin Cot (NGVC) has a return on equity of 21.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Natural Grocers By Vitamin Cot's free cash flow?

Natural Grocers By Vitamin Cot (NGVC) generated $24.1M in free cash flow during fiscal year 2025. This represents a -33.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Natural Grocers By Vitamin Cot's operating cash flow?

Natural Grocers By Vitamin Cot (NGVC) generated $55.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Natural Grocers By Vitamin Cot's total assets?

Natural Grocers By Vitamin Cot (NGVC) had $670.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Natural Grocers By Vitamin Cot's capital expenditures?

Natural Grocers By Vitamin Cot (NGVC) invested $31.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Natural Grocers By Vitamin Cot have outstanding?

Natural Grocers By Vitamin Cot (NGVC) had 23M shares outstanding as of fiscal year 2025.

What is Natural Grocers By Vitamin Cot's current ratio?

Natural Grocers By Vitamin Cot (NGVC) had a current ratio of 1.06 as of fiscal year 2025, which is considered adequate.

What is Natural Grocers By Vitamin Cot's debt-to-equity ratio?

Natural Grocers By Vitamin Cot (NGVC) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Natural Grocers By Vitamin Cot's return on assets (ROA)?

Natural Grocers By Vitamin Cot (NGVC) had a return on assets of 6.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Natural Grocers By Vitamin Cot's Altman Z-Score?

Natural Grocers By Vitamin Cot (NGVC) has an Altman Z-Score of 3.46, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Natural Grocers By Vitamin Cot's Piotroski F-Score?

Natural Grocers By Vitamin Cot (NGVC) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Natural Grocers By Vitamin Cot's earnings high quality?

Natural Grocers By Vitamin Cot (NGVC) has an earnings quality ratio of 1.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Natural Grocers By Vitamin Cot cover its interest payments?

Natural Grocers By Vitamin Cot (NGVC) has an interest coverage ratio of 20.24x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Natural Grocers By Vitamin Cot?

Natural Grocers By Vitamin Cot (NGVC) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.