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Natural Grocers by Vitamin Cottage

NGVC

Natural Grocers is a specialty retailer focused on high-quality natural and organic groceries and dietary supplements.

Market cap
$729.24M-15.7%
Revenue$1.3B+3.1%
Net income$48.2M+16.8%
Free cash flow$49.1M+101%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$347.2M
EPS estimate$0.52

Financials

Q2 2026

Income statement

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Revenue$337.4M+0.5%
Net income$13.4M+2.5%

Balance sheet

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Cash & equivalents$20.7M-2.3%
Total debt$328.7M-3.2%
Total equity$230.9M+19.7%
Total assets$684.7M+3.0%

Cash flow

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Operating cash flow$22.7M-33.3%
CapEx$20.4M+217%
Free cash flow$2.3M-91.5%

Valuation & ratios

Valuation

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Market cap$729.24M-15.7%
Enterprise value$1.04B-12.8%
P/E15.1×-4.6×
P/S0.6×-0.1×

Profitability

See full
Net margin3.6%+0.4pp

Returns & leverage

See full
Return on equity22.7%-0.6pp
Debt / equity1.4×-0.3×
Current ratio+0.1×

Segments

By product

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Grocery$243.6M+2.1%
Dietary Supplements$64.0M-3.3%
Manufactured Product Other$29.8M-3.9%

Competitors

Profile

Natural Grocers is a specialty retailer focused on high-quality natural and organic groceries and dietary supplements. The company operates a differentiated retail model that combines a full-service grocery store with an extensive supplement department, emphasizing science-based nutrition education and strict product standards. Its value proposition is built on providing premium health-oriented products at affordable prices through a scalable, smaller-store format.

Competitive position

A specialty niche player that differentiates itself through strict organic-only produce standards and a heavy emphasis on free in-store nutrition education.

GeographiesUnited States
Customer segmentsB2C, Health-conscious individuals
Business modelBrick-and-mortar retail, E-commerce, Private label
SuppliersNatural and organic food producers, Dietary supplement manufacturers, Wholesale distributors, Private label contract manufacturers
CustomersRetail grocery shoppers, Online delivery customers, Health and wellness enthusiasts
Listed2012
Employees4.2K
CEOKemper Isely
FilingsSEC EDGAR

Questions, answered.

What is Natural Grocers by Vitamin Cottage's market cap?
Natural Grocers by Vitamin Cottage (NGVC) has a market capitalization of $729.2M and trades on NYSE.
What is Natural Grocers by Vitamin Cottage's revenue and profitability?
Natural Grocers by Vitamin Cottage generated $1.3B in trailing twelve-month revenue with net income of $48.2M, representing a net margin of 3.6%. Gross margin stands at 28.0%, with free cash flow of $49.1M. These figures are based on the Q1 2026 filing.
Who are Natural Grocers by Vitamin Cottage's competitors?
Natural Grocers by Vitamin Cottage's key competitors include Sprouts Farmers Market, The Kroger Co., Whole Foods Market, and others. These companies compete in similar markets and product categories.
Who does Natural Grocers by Vitamin Cottage partner with?
Natural Grocers by Vitamin Cottage's notable partners include United Natural Foods Inc., Instacart.
What subsidiaries does Natural Grocers by Vitamin Cottage have?
Natural Grocers by Vitamin Cottage's subsidiaries include Vitamin Cottage.
Where is Natural Grocers by Vitamin Cottage headquartered?
Natural Grocers by Vitamin Cottage is headquartered in United States of America and employs approximately 4,173 people. It has been publicly traded since 2012.