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Natural Grocers by Vitamin Cottage, Inc.
NYSE · CIK 1547459
Last close30.61
Daily change+0.13 (0.43%)
10 Years gain+215.86%
Dividends TTM0.6 (+25.00%)
Dividend yield1.97%
Fundamental Analysis
NGVC · STANDARD
SIC 5411 · Retail-Grocery Stores · Fiscal year end 0930
Fundamental
64.9Momentum
52.3Acceleration
49.9Confidence
96.0Annual Revenue15
Quarterly Revenue62
Annual CFO11
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth7.8 / 25
Quality14.3 / 25
Capital Efficiency19.3 / 20
Balance Sheet13.8 / 15
Shareholder Economics6.4 / 10
Forward Indicators0.0 / 5
Signals
Gross margin expansionGross margin improved by 0.0383 percentage points.
Operating leverageOperating margin improved by 0.4522 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Share count reductionDiluted share count declined 0.0442%.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Warnings
FCF deterioration · MEDIUMFree cash flow declined 67.6918%.
High SBC · MEDIUMStock based compensation is high relative to revenue or FCF.
Key Metrics
Revenue Growth TTM4.15%OK
Revenue CAGR 3Y6.89%OK
Gross Margin29.75%OK
Operating Margin4.74%OK
FCF Margin0.82%OK
FCF Growth-67.69%OK
ROIC23.81%OK
Incremental Operating Margin 3Y13.45%OK
Net Debt / CFO-0.28xOK
Diluted Share Growth 1Y-0.04%OK
SBC / Revenue0.27%OK
SBC / FCF32.93%OK
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Sep 30, 2025 | $1.33B | $397.88M | $61.99M | $55.30M | $24.10M | 29.9% | 4.66% | 1.81% | 27.09% | 23.26M |
| 2025 FY Sep 30, 2024 | $1.24B | $364.81M | $46.98M | $73.76M | $36.22M | 29.38% | 3.78% | 2.92% | 22.88% | 23.08M |
| 2025 FY Sep 30, 2023 | $1.14B | $326.93M | $31.67M | $64.61M | $28.04M | 28.66% | 2.78% | 2.46% | 16.23% | 22.83M |
| 2024 FY Sep 30, 2022 | $1.09B | $304.88M | $30.16M | $39.69M | $11.66M | 27.98% | 2.77% | 1.07% | 15.35% | 22.82M |
| 2023 FY Sep 30, 2021 | $1.06B | $292.19M | $28.33M | $53.88M | $27.53M | 27.68% | 2.68% | 2.61% | 15.58% | 22.71M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $1.34B | sum latest 4 fiscal quarters Revenue | OK | 0001437749-26-026255, 0001437749-26-003196 |
| Revenue Growth TTM | 4.15% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001437749-26-026255, 0001437749-26-003196 |
| Revenue CAGR 3Y | 6.89% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001437749-25-037556 |
| Revenue CAGR 5Y | 5.12% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001437749-25-037556 |
| Gross Profit CAGR 3Y | 9.28% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001437749-25-037556 |
| Operating Income Growth | 15.14% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001437749-26-026255, 0001437749-26-003196 |
| FCF Growth | -67.69% | FCF_current / FCF_prior_year - 1 | OK | 0001437749-26-026255, 0001437749-26-015576 |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 29.75% | Gross Profit / Revenue | OK | 0001437749-26-026255, 0001437749-26-003196 |
| Operating Margin | 4.74% | Operating Income / Revenue | OK | 0001437749-26-026255, 0001437749-26-003196 |
| FCF Margin | 0.82% | (CFO - CapEx) / Revenue | OK | 0001437749-26-026255, 0001437749-26-015576 |
| ROIC | 23.81% | NOPAT / Average Invested Capital | OK | 0001437749-26-026255, 0001437749-26-003196 |
| Net Debt / CFO | -0.28x | Net Debt / CFO | OK | 0001437749-26-026255, 0001437749-26-015576 |
| Interest Coverage | 23.44x | Operating Income / abs(Interest Expense) | OK | derived |
| Current Ratio | 1.1x | Current Assets / Current Liabilities | OK | derived |