NYSE:NGVC
Natural Grocers by Vitamin Cottage, Inc.
Natural Grocers by Vitamin Cottage, Inc.'s revenue grew 7.2% in fiscal 2025 to $1.3B while operating margin rose to 4.7%, its highest in 10 years. Free cash flow was $24.1M, 1.8% of revenue, and the diluted share count rose 0.7%.Summary generated from Natural Grocers by Vitamin Cottage, Inc.'s SEC filings. Latest annual report filed Dec 11, 2025.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$1.3B
Revenue growth+7.2%
Revenue, 5-yr CAGR+5.1%
Gross margin29.9%
Operating margin4.7%
Net margin3.5%
ROICn/a
Return on equity24.0%
Debt / equityn/a
Free cash flow$24.1M
FCF margin1.8%
Share count change+0.7%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 1,056 | 1,090 | 1,141 | 1,242 | 1,331 |
| Operating income | 28 | 30 | 32 | 47 | 62 |
| Net income | 21 | 21 | 23 | 34 | 46 |
| Free cash flow | 28 | 12 | 28 | 36 | 24 |
Recent filings
- 8-KResults of a shareholder vote
Sep 15, 2026 - 8-KResults of operations and financial condition
Aug 6, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 4Insider transaction report
Jun 2, 2026 - 8-KResults of operations and financial condition
May 7, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 7, 2026 - 8-KResults of a shareholder vote
Mar 10, 2026 - 4Insider transaction report
Mar 6, 2026