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    Natural Grocers by Vitamin Cottage Inc (NGVC)

    Official site

    CONSUMER DEFENSIVE • GROCERY STORES • NYSE

    $30.61
    -0.28 (-0.91%)

    Market Cap: $711.89M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    74%(29/39)
    Avg Surprise
    +43.33%

    Upcoming Estimates

    Period ending Dec 31, 2026
    EPS Consensus$0.55
    Range$0.53 - $0.57
    2 analysts
    EPS RevisionsNo revisions (7d)No revisions (30d)
    EPS Estimate DriftChange to current
    90d ago$0.00n/a
    60d ago$0.00n/a
    30d ago$0.57-3.5%
    7d ago$0.57-3.5%
    Current$0.55
    Revenue Consensus
    $350M
    Range$340M - $356M
    3 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.55---
    Jun 26
    Reported Aug 6
    		$0.48$0.52-7.69%Miss-4.0%
    Mar 26
    Reported May 7
    		$0.58$0.55+5.45%Beat+3.0%
    Dec 25
    Reported Feb 5
    		$0.49$0.46+6.52%Beat+14.2%
    Sep 25
    Reported Nov 20
    		$0.51$0.42+21.43%Beat+30.8%
    Jun 25
    Reported Aug 7
    		$0.50$0.46+8.70%Beat+25.0%
    Mar 25
    Reported May 8
    		$0.56$0.40+40.73%Beat+60.8%
    Dec 24
    Reported Feb 6
    		$0.43$0.19+125.79%Beat+26.2%
    Sep 24
    Reported Nov 21
    		$0.39$0.28+39.29%Beat+39.3%
    Jun 24
    Reported Aug 8
    		$0.40$0.14+185.71%Beat+29.0%
    Mar 24
    Reported May 9
    		$0.35$0.29+20.69%Beat+34.6%
    Dec 23
    Reported Feb 8
    		$0.34$0.19+78.95%Beat+78.9%
    Sep 23
    Reported Nov 16
    		$0.28$0.20+40.00%Beat+211.1%
    Jun 23
    Reported Aug 3
    		$0.31$0.15+106.67%Beat+82.4%
    Mar 23
    Reported May 4
    		$0.26$0.22+18.18%Beat-7.1%
    Dec 22
    Reported Feb 2
    		$0.19$0.31-38.71%Miss-51.3%
    Sep 22
    Reported Nov 17
    		$0.09$0.15-40.00%Miss-71.9%
    Jun 22
    Reported Aug 4
    		$0.17$0.20-15.00%Miss-22.7%
    Mar 22
    Reported May 5
    		$0.28$0.18+55.56%Beat+33.3%
    Dec 21
    Reported Feb 3
    		$0.39$0.39+0.00%Beat+143.8%
    Sep 21
    Reported Nov 18
    		$0.32$0.32+0.00%Beat+100.0%
    Jun 21
    Reported Aug 5
    		$0.22$0.08+175.00%Beat+4.8%
    Mar 21
    Reported May 6
    		$0.21$0.27-22.22%Miss-51.2%
    Dec 20
    Reported Feb 4
    		$0.16$0.09+77.78%Beat+100.0%
    Sep 20
    Reported Nov 19
    		$0.16$0.05+201.89%Beat+166.7%
    Jun 20
    Reported Aug 6
    		$0.21$0.09+133.33%Beat+133.3%
    Mar 20
    Reported May 7
    		$0.43$0.17+152.94%Beat+152.9%
    Dec 19
    Reported Feb 6
    		$0.08$0.09-11.11%Miss-20.0%
    Sep 19
    Reported Nov 14
    		$0.06$0.06+0.00%Beat-33.3%
    Jun 19
    Reported Aug 1
    		$0.09$0.07+28.57%Beat+0.0%
    Mar 19
    Reported May 2
    		$0.17$0.16+6.25%Beat+13.3%
    Dec 18
    Reported Feb 7
    		$0.10$0.05+100.00%Beat+150.0%
    Sep 18
    Reported Nov 15
    		$0.09$0.04+125.00%Beat+50.0%
    Jun 18
    Reported Aug 2
    		$0.09$0.03+200.00%Beat+200.0%
    Mar 18
    Reported May 3
    		$0.15$0.13+15.38%Beat+15.4%
    Dec 17
    Reported Feb 1
    		$0.04$0.07-42.86%Miss-55.6%
    Sep 17
    Reported Nov 16
    		$0.06$0.05+20.00%Beat-
    Jun 17
    Reported Aug 3
    		$0.03N/A-72.73%Miss-
    Mar 17
    Reported May 4
    		$0.13$0.16-18.75%Miss-
    Dec 16
    Reported Feb 2
    		$0.09$0.13-30.77%Miss-

    Dividends

    Dividend Metrics

    Forward Yield1.96%
    Forward Annual Dividend$0.60
    Payout Ratio29.02%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+8.44%
    5Y CAGR+19.42%
    NGVC dividend history and ex-dividend datesRun NGVC in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio14.86EV/EBITDA9.58x
    Price/FCF31.06xFCF Yield3.22%
    Profitability
    Profit Margin3.55%Operating Margin3.89%
    ROE21.60%ROIC20.66%
    Financial Health
    Debt/Equity0.01xInterest Coverage23.39x
    Current Ratio1.10xQuick Ratio0.25x
    Trading Statistics
    Beta1.22Avg Volume131.21K
    52-Week High$40.1952-Week Low$23.09

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$30.22
    SMA 20$30.28
    SMA 50$28.89
    SMA 200$28.12
    EMA 10$30.29
    EMA 20$30.02
    EMA 50$29.67
    EMA 200$30.03

    MACD

    Line: 0.35Signal: 0.35Hist: -0.00

    ADX

    ADX: 31.4+DI: 32.1-DI: 11.6

    Aroon & PSAR

    Aroon Up100.0
    Aroon DownN/A
    PSAR$29.50

    Bollinger Bands

    Upper Band$31.11
    Lower Band$29.44
    %B Position551%(Upper)
    Band Width0.70

    RSI (14-Day)

    Neutral
    57.4

    Momentum Oscillators

    Stoch %K54.0
    Stoch %D43.1
    Williams %R-55.2
    ROC (10d)0.4%
    Momentum0.13
    CCI (20d)144.9
    MFI (14d)73.1

    Volatility Measures

    ATR (14d)$0.95(3.1%)
    StdDev (20d)0.42
    Hist Vol29.8%(Moderate)

    Volume Flow

    VWAP$31.04
    OBV-2.9M
    AD Line-51.7M
    CMF (20d)0.019

    Volume Metrics

    Avg Vol (20d)132.0K
    Vol Ratio1.1x
    VWMA (20d)$30.41

    Pivot Points

    R3$32.22
    R2$31.59
    R1$31.24
    Pivot Point$30.61
    S1$30.26
    S2$29.63
    S3$29.28

    Advanced Oscillators

    TSI12.07
    Ultimate Osc42.4
    KST61.79

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$334.74M$337.38M$335.58M$336.14M$328.70M$335.77M$330.22M$322.66M$309.08M$308.09M$301.75M$295.07M
    Cost of Revenue$236.73M$234.93M$236.72M$237.12M$230.43M$234.02M$231.40M$227.30M$218.75M$217.74M$212.99M$210.73M
    Gross Profit$98.01M$102.44M$98.86M$99.03M$98.28M$101.75M$98.82M$95.36M$90.33M$90.36M$88.76M$84.34M
    Operating Expenses$83.01M$84.34M$84.21M$83.52M$82.69M$84.19M$85.48M$83.30M$77.48M$79.10M$77.96M$76.61M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$9.50M$12.13M$10.84M$10.87M$10.95M$11.02M$11.51M$10.24M$9.54M$9.52M$9.41M$9.81M
    Operating Income$15.00M$18.11M$14.65M$15.50M$15.59M$17.55M$13.35M$12.07M$12.85M$11.26M$10.80M$7.74M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$663,000$632,000$713,000$696,000$694,000$750,000$923,000$1.05M$1.05M$1.18M$894,000$821,000
    Income Before Tax$14.33M$17.47M$13.93M$14.81M$14.89M$16.80M$12.43M$11.01M$11.79M$10.08M$9.91M$6.92M
    Income Tax Expense$3.26M$4.04M$2.60M$3.01M$3.29M$3.70M$2.49M$2.00M$2.59M$2.12M$2.15M$1.04M
    Net Income$11.07M$13.43M$11.33M$11.80M$11.61M$13.10M$9.94M$9.01M$9.21M$7.96M$7.75M$5.88M
    EBITDA$-474,000$26.26M$22.62M$23.53M$353,000$25.44M$21.30M$20.00M$20.70M$18.97M$18.26M$15.22M
    EBIT$15.00M$18.11M$14.65M$15.50M$15.59M$17.55M$13.35M$12.07M$12.85M$11.26M$10.80M$7.74M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Natural Grocers® to Donate 1% of Sales on World Food Day to The Cornucopia Institute for Second Consecutive Year

    Natural Grocers is partnering with The Cornucopia Institute for the second consecutive year to donate 1% of sales on World Food Day, October 16...

    PR Newswire•10/8/26•Bullish

    Natural Grocers® to Donate 1% of Sales on World Food Day to The Cornucopia Institute for Second Consecutive Year

    Natural Grocers is partnering with The Cornucopia Institute for the second consecutive year to donate 1% of sales on World Food Day, October 16...

    Morningstar•10/8/26•Bullish

    Bank of America Corp DE Purchases 42,856 Shares of Natural Grocers by Vitamin Cottage, Inc. $NGVC

    Bank of America Corp DE has acquired a new stake of 42,856 shares in Natural Grocers by Vitamin Cottage, Inc. (NGVC)...

    MarketBeat•10/2/26•Neutral

    Celebrate Autumnfest With Natural Grocers®, Oct. 8-10, 2026

    Natural Grocers is hosting its fourth annual Autumnfest celebration from October 8-10, 2026, offering customers free product samples, exclusive savings for {N}power members...

    Natural Grocers Investor Relations•10/1/26•Bullish

    Natural Grocers® Opens Its Doors in Appleton, Wisconsin, With a Grand Opening Celebration on September 30, 2026

    Natural Grocers is opening its second Wisconsin location in Appleton on September 30, 2026, featuring a grand opening celebration with giveaways, discounts...

    PR Newswire•9/30/26•Bullish

    NGVC Valuation and Fair Value

    P/E
    14.9x
    Forward P/E
    12.4x
    EV/EBITDA
    9.6x
    P/FCF
    31.1x
    PEG
    1.4x
    P/B
    2.9x
    See GNG's fair value

    NGVC Profitability: Margins, ROIC and FCF

    Gross margin
    29.6%
    Operating margin
    3.9%
    Net margin
    3.5%
    ROIC
    20.7%
    ROE
    21.6%
    FCF margin
    1.7%
    FCF yield
    3.2%

    NGVC Competitors

    CompanyTicker
    Lincoln Educational ServicesLINC
    Udemy IncUDMY
    SunOpta Inc.STKL
    Helen of Troy LtdHELE
    John B Sanfilippo & Son IncJBSS
    Village Super Market IncVLGEA
    Westrock Coffee CompanyWEST
    Gaotu Techedu Inc DRCGOTU

    Sector: Consumer Defensive

    NGVC Analyst Ratings

    Consensus
    Buy
    Analysts
    3
    Strong Buy
    0
    Buy
    3
    Hold
    0
    Sell
    0
    Strong Sell
    0

    NGVC Bull Case vs Bear Case

    Bull case

    • NGVC earns a 20.7% return on invested capital.
    • NGVC beat EPS estimates in 87.5% of its last 8 reported quarters.

    NGVC Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    30.0%
    EPS estimate (fiscal period ending Dec 31, 2026)
    $0.55
    Estimate revisions (30 days, fiscal period ending Dec 31, 2026)
    0 up, 0 down

    NGVC Dividend

    Forward yield
    2.0%
    Payout ratio
    29.0%
    3Y DPS growth
    8.4%
    5Y DPS growth
    19.4%
    Pay months
    Mar, Jun, Sep, Dec
    NGVC dividend history

    Frequently Asked Questions About NGVC

    What is NGVC's current dividend yield?

    Natural Grocers by Vitamin Cottage Inc (NGVC) has a forward dividend yield of 1.96%.

    Does NGVC pay dividends?

    Yes, Natural Grocers by Vitamin Cottage Inc pays dividends with a forward dividend yield of 1.96%.

    What is NGVC's P/E ratio?

    Natural Grocers by Vitamin Cottage Inc has a price-to-earnings (P/E) ratio of 14.86.

    What is NGVC's market cap?

    Natural Grocers by Vitamin Cottage Inc (NGVC) has a market capitalization of $711.89M with a current stock price of $30.61.

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