Natural Grocers by Vitamin Cottage, Inc.: stock overview

NGVCNYSEConsumer defensive · Retail-Grocery Stores

Price

$28.75

November 13, 2026Market cap $662M

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  • The full history: 15 fiscal years, from FY2011
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The latest annual figures the company filed are for 2025, more than a year ago. Newer ones may be late.

In short

Natural Grocers by Vitamin Cottage had revenue of $1.3B over the last 12 months and net income of $48M, a net margin of 3.6%. Revenue grew by 5.1% a year on average over the last 5 years. At $28.75 the shares trade at a P/E of 13.9, against a median of 12.7 over the last 5 fiscal years. It has net debt of $30M. It pays a dividend yielding 1.98%.

From its SEC filings (latest fiscal year to September 30, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$662M
23.03M shares
P/E
13.9
Today13.9
Median12.7
Revenue, 12 months
$1.3B
+5.1% a year over 5 years
Net margin
3.6%

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2023–FY2025 fiscal years

+8.0% a year over 2 years

  • FY2025Sep 30, 202510-K
    Revenue$1.3B
  • FY2024Sep 30, 202410-K
    Revenue$1.2B
  • FY2023Sep 30, 202310-K
    Revenue$1.1B

Fiscal years in figures

NGVC's revenue, profit, cash flow and dividend with each year-end price, from FY2011 to FY2022, 12 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $680M
$662M
Enterprise value 
$692M
P/E 3-year median: 20.0
13.9
EV / EBIT 
10.9
EV / Revenue 
0.5
P/B 3-year median: 3.9
2.8
FCF yield 3-year median: 5.3%
3.4%
Earnings yield 3-year median: 5.0%
7.2%

Profitability

Gross margin 
29.6%
Operating margin 
4.7%
Net margin 3-year median: 2.7%
3.6%
ROIC 
22.2%
ROIC, 5-year average 
15.7%
ROE 
21.6%

Growth

Revenue, yearly change 
+7.2%
EPS, yearly change 
+36.1%
FCF, yearly change 
-33.5%
Revenue, average a year 
+5.1%
EPS, average a year 
+17.6%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$17M
Total debt 
$323M
Of which operating leases 
$275M
Net debt 
$30M
Net debt / EBITDA 
0.3x
Interest cover 
23.4x
Current ratio 
1.10

Balance sheet of June 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 3.1%
1.98%
Buybacks 
–
Total returned 
1.98%
Shares, yearly change 
+0.6%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 54).

Gross margin

29.9%

Above 38% of all companies (its industry has too few to compare).

Operating margin

4.7%

Above 49% of all companies (its industry has too few to compare).

Net margin

3.5%

Above 47% of all companies (its industry has too few to compare).

ROE

21.1%

Above 85% of all companies (its industry has too few to compare).

ROA

7.0%

Above 79% of all companies (its industry has too few to compare).

Revenue growth

7.2%

Above 53% of all companies (its industry has too few to compare).

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Natural Grocers by Vitamin Cottage, Inc.
CIK
1547459
Exchange
NYSE
Industry (SIC)
5411 · Retail-Grocery Stores
Fiscal year ends
September 30
Latest annual report
September 30, 2025
Reporting currency
USD
Shares
23.03M

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The full analysis

What do Natural Grocers by Vitamin Cottage's filings show?

These are Natural Grocers by Vitamin Cottage's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about NGVC

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What is NGVC's market cap?

Natural Grocers by Vitamin Cottage, Inc.'s market cap is $662M, at a price of $28.75 on November 13, 2026 and 23.03M shares.

What is NGVC's P/E?

NGVC's P/E is 13.9, on earnings per share of $2.06 over the last 12 months. The median over the last 5 fiscal years was 12.7.

How much revenue does NGVC have?

Natural Grocers by Vitamin Cottage had revenue of $1.3B over the last 12 months. Over the last 5 years it changed by +5.1% a year on average.

Does NGVC pay a dividend?

Yes. Natural Grocers by Vitamin Cottage paid $0.57 per share over the last 12 months, a yield of 1.98% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Natural Grocers by Vitamin Cottage, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.