Natural Grocers By Vitamin Cottage (NGVC) financials
Natural Grocers By Vitamin Cottage revenue and earnings by year
Natural Grocers By Vitamin Cottage's revenue was $1.33 billion in the fiscal year to September 30, 2025, up 7.2% from the year before. Net income was $46.4 million, 3.5% of revenue. Since the fiscal year to September 30, 2016, revenue has grown 7.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.33 | 1.24 | 1.14 | 1.09 | 1.06 | 1.04 | 0.90 | 0.85 | 0.77 | 0.71 |
| Revenue growth | 7.2% | 8.9% | 4.7% | 3.2% | 1.8% | 14.7% | 6.4% | 10.4% | 9.0% | — |
| Gross profit | 0.40 | 0.36 | 0.33 | 0.30 | 0.29 | 0.28 | 0.24 | 0.23 | 0.21 | 0.20 |
| Gross margin | 29.9% | 29.4% | 28.7% | 28.0% | 27.7% | 27.3% | 26.4% | 26.6% | 27.6% | 28.6% |
| Operating income | 0.06 | 0.05 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.01 | 0.02 |
| Operating margin | 4.7% | 3.8% | 2.8% | 2.8% | 2.7% | 2.7% | 1.9% | 1.8% | 1.8% | 2.9% |
| Net income | 0.05 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Net margin | 3.5% | 2.7% | 2.0% | 2.0% | 1.9% | 1.9% | 1.0% | 1.5% | 0.9% | 1.6% |
| Diluted EPS | $2.00 | $1.47 | $1.02 | $0.93 | $0.91 | $0.77 | $0.37 | $0.49 | $0.27 | $0.46 |
| Free cash flow | 0.02 | 0.04 | 0.03 | 0.01 | 0.03 | 0.04 | 0.01 | 0.02 | 0.00 | -0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NGVC in Markets.
How Natural Grocers By Vitamin Cottage makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Grocery | $244M | 72.9% |
| Dietary Supplements | $59.9M | 17.9% |
| Manufactured Product Other | $30.9M | 9.2% |
See also: NGVC valuation and P/E history · NGVC returns
No forecast, no recommendation. This page describes Natural Grocers By Vitamin Cottage from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.