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Natural Grocers by Vitamin Cottage (NGVC) Financials

Natural Grocers by Vitamin Cottage logo
$48.20 -1.72 (-3.44%)
Closing price 03:59 PM Eastern
Extended Trading
$48.15 -0.05 (-0.11%)
As of 07:09 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Natural Grocers by Vitamin Cottage

Annual Income Statements for Natural Grocers by Vitamin Cottage

This table shows Natural Grocers by Vitamin Cottage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015 9/30/2014
Net Income / (Loss) Attributable to Common Shareholders
34 23 21 21 20 9.42 13 6.89 11 16 13
Consolidated Net Income / (Loss)
34 23 21 21 20 9.42 13 6.89 11 16 13
Net Income / (Loss) Continuing Operations
34 23 21 21 20 9.42 13 6.89 11 16 13
Total Pre-Tax Income
43 28 28 26 26 12 10 10 17 26 22
Total Operating Income
47 32 30 28 28 17 15 14 20 29 24
Total Gross Profit
365 327 305 292 283 239 226 212 202 182 152
Total Revenue
1,242 1,141 1,090 1,056 1,037 904 849 769 705 625 521
Operating Revenue
1,242 1,141 1,090 1,056 1,037 904 849 769 705 625 521
Total Cost of Revenue
877 814 785 763 754 665 623 557 504 443 369
Operating Cost of Revenue
877 814 785 763 754 665 623 557 504 443 369
Total Operating Expenses
318 295 275 264 255 222 211 198 181 153 127
Selling, General & Admin Expense
39 36 32 28 27 23 22 20 19 18 15
Other Operating Expenses / (Income)
279 259 243 236 229 199 189 178 162 136 112
Total Other Income / (Expense), net
-4.18 -3.30 -2.37 -2.27 -2.05 -4.95 -4.56 -3.79 -3.04 -2.99 -2.49
Interest Expense
4.18 3.30 2.37 2.27 2.05 4.95 4.56 3.79 3.04 2.99 2.50
Income Tax Expense
8.87 5.13 6.42 5.48 5.69 2.40 -2.17 3.41 5.86 9.43 8.28
Basic Earnings per Share
$1.49 $1.02 $0.94 $0.91 $0.89 $0.42 $0.57 $0.31 $0.51 $0.72 $0.60
Weighted Average Basic Shares Outstanding
22.77M 22.73M 22.67M 22.59M 22.50M 22.42M 22.36M 22.45M 22.49M 22.49M 22.47M
Diluted Earnings per Share
$1.47 $1.02 $0.94 $0.91 $0.89 $0.42 $0.56 $0.31 $0.51 $0.72 $0.60
Weighted Average Diluted Shares Outstanding
23.08M 22.83M 22.82M 22.71M 22.58M 22.55M 22.41M 22.46M 22.51M 22.50M 22.48M
Weighted Average Basic & Diluted Shares Outstanding
22.91M 22.75M 22.71M 22.64M 22.56M 22.48M 22.41M 22.46M 22.51M 22.50M 22.48M

Quarterly Income Statements for Natural Grocers by Vitamin Cottage

This table shows Natural Grocers by Vitamin Cottage's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
13 9.94 9.01 9.21 7.96 7.76 5.88 7.07 5.88 4.41 2.16
Consolidated Net Income / (Loss)
13 9.94 9.01 9.21 7.96 7.76 5.88 7.07 5.88 4.41 2.16
Net Income / (Loss) Continuing Operations
13 9.94 9.01 9.21 7.96 7.76 5.88 7.07 5.88 4.41 2.16
Total Pre-Tax Income
17 12 11 12 10 9.91 6.92 8.24 7.60 5.62 2.94
Total Operating Income
18 13 12 13 11 11 7.74 9.08 8.43 6.42 3.62
Total Gross Profit
102 99 95 90 90 89 84 81 82 79 76
Total Revenue
336 330 323 309 308 302 295 282 283 280 274
Operating Revenue
336 330 323 309 308 302 295 282 283 280 274
Total Cost of Revenue
234 231 227 219 218 213 211 200 201 202 198
Operating Cost of Revenue
234 231 227 219 218 213 211 200 201 202 198
Total Operating Expenses
84 85 83 77 79 78 77 72 74 72 72
Selling, General & Admin Expense
11 12 10 9.55 9.52 9.41 9.81 9.31 8.61 8.25 8.64
Other Operating Expenses / (Income)
73 74 73 68 70 69 67 63 65 64 64
Total Other Income / (Expense), net
-0.75 -0.92 -1.05 -1.05 -1.18 -0.89 -0.82 -0.85 -0.83 -0.80 -0.68
Interest Expense
0.75 0.92 1.05 1.05 1.18 0.89 0.82 0.85 0.83 0.80 0.68
Income Tax Expense
3.70 2.49 2.00 2.59 2.12 2.15 1.04 1.16 1.71 1.21 0.78
Basic Earnings per Share
$0.57 $0.43 $0.40 $0.40 $0.35 $0.34 $0.26 $0.31 $0.26 $0.19 $0.10
Weighted Average Basic Shares Outstanding
22.94M 22.90M 22.77M 22.79M 22.76M 22.75M 22.73M 22.73M 22.73M 22.71M 22.67M
Diluted Earnings per Share
$0.56 $0.43 $0.38 $0.40 $0.35 $0.34 $0.26 $0.31 $0.26 $0.19 $0.10
Weighted Average Diluted Shares Outstanding
23.27M 23.17M 23.08M 23.12M 23.06M 22.98M 22.83M 22.89M 22.82M 22.80M 22.82M
Weighted Average Basic & Diluted Shares Outstanding
22.95M 22.93M 22.91M 22.79M 22.79M 22.75M 22.75M 22.74M 22.73M 22.72M 22.71M

Annual Cash Flow Statements for Natural Grocers by Vitamin Cottage

This table details how cash moves in and out of Natural Grocers by Vitamin Cottage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015 9/30/2014
Net Change in Cash & Equivalents
-9.47 6.30 -12 -4.86 22 -3.18 2.88 2.50 1.10 -2.20 -3.02
Net Cash From Operating Activities
74 65 40 54 67 37 43 41 29 41 32
Net Cash From Continuing Operating Activities
74 65 40 54 67 37 43 41 29 41 32
Net Income / (Loss) Continuing Operations
34 23 21 21 20 9.42 13 6.89 11 16 13
Consolidated Net Income / (Loss)
34 23 21 21 20 9.42 13 6.89 11 16 13
Depreciation Expense
31 29 28 30 31 29 29 30 26 21 17
Amortization Expense
0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.02 0.02
Non-Cash Adjustments To Reconcile Net Income
4.35 2.18 7.04 1.30 1.34 1.43 1.40 0.74 0.88 0.63 0.14
Changes in Operating Assets and Liabilities, net
4.85 10 -17 2.34 14 -2.46 -0.80 3.70 -9.07 2.82 0.90
Net Cash From Investing Activities
-39 -38 -31 -28 -30 -32 -24 -38 -54 -42 -35
Net Cash From Continuing Investing Activities
-39 -38 -31 -28 -30 -32 -24 -38 -54 -42 -35
Purchase of Property, Plant & Equipment
-38 -37 -28 -26 -27 -30 -24 -41 -54 -37 -37
Acquisitions
-1.14 -1.53 -3.41 -1.94 -2.83 -2.70 -0.03 -0.09 - -5.60 0.00
Sale of Property, Plant & Equipment
0.04 0.11 0.02 0.09 0.00 0.84 0.03 2.73 0.02 0.01 0.00
Other Investing Activities, net
0.04 0.04 0.28 0.44 0.03 0.03 0.14 0.00 0.00 - 0.50
Net Cash From Financing Activities
-45 -20 -20 -31 -15 -8.70 -16 0.15 26 -0.86 0.10
Net Cash From Continuing Financing Activities
-45 -20 -20 -31 -15 -8.70 -16 0.15 26 -0.86 0.10
Repayment of Debt
-612 -539 -137 -11 -242 -414 -392 -291 -208 -203 -47
Repurchase of Common Equity
0.00 -0.18 0.00 0.00 - - -0.58 -0.26 -0.83 0.00 0.00
Payment of Dividends
-32 -9.09 -9.07 -51 -6.30 0.00 0.00 - - - -
Issuance of Debt
604 531 129 35 236 406 376 292 235 203 46
Other Financing Activities, net
-5.06 -3.08 -3.12 -3.16 -2.61 -0.42 -0.09 -0.07 -0.12 -0.62 0.32
Cash Interest Paid
4.16 3.31 2.43 2.15 2.04 4.94 4.49 3.71 2.97 2.87 2.44
Cash Income Taxes Paid
14 5.05 7.01 6.75 3.31 4.73 1.96 2.66 6.37 8.19 3.76

Quarterly Cash Flow Statements for Natural Grocers by Vitamin Cottage

This table details how cash moves in and out of Natural Grocers by Vitamin Cottage's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
15 -2.56 -5.04 2.95 -2.65 -4.72 9.77 -10 2.03 4.90 -7.88
Net Cash From Operating Activities
34 2.68 24 12 20 17 28 1.30 14 21 10
Net Cash From Continuing Operating Activities
34 2.68 25 12 20 17 28 1.30 14 21 10
Net Income / (Loss) Continuing Operations
13 9.94 9.01 9.21 7.96 7.76 5.88 7.07 5.88 4.41 2.16
Consolidated Net Income / (Loss)
13 9.94 9.01 9.21 7.96 7.76 5.88 7.07 5.88 4.41 2.16
Depreciation Expense
7.89 7.95 7.93 7.85 7.70 7.45 7.48 7.21 7.15 7.06 6.82
Amortization Expense
0.00 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.00 0.01 0.01
Non-Cash Adjustments To Reconcile Net Income
0.80 1.37 2.59 1.00 0.31 0.44 1.01 0.11 0.80 0.25 3.18
Changes in Operating Assets and Liabilities, net
12 -17 5.26 -5.63 4.24 0.97 14 -13 -0.19 9.48 -1.97
Net Cash From Investing Activities
-6.46 -9.42 -6.79 -9.30 -11 -12 -14 -6.53 -6.49 -11 -13
Net Cash From Continuing Investing Activities
-6.46 -9.42 -6.79 -9.30 -11 -12 -14 -6.53 -6.49 -11 -13
Purchase of Property, Plant & Equipment
-6.42 -9.62 -6.53 -8.83 -10 -12 -13 -6.26 -6.57 -10 -12
Acquisitions
-0.09 -0.06 -0.30 -0.47 -0.26 -0.11 -0.39 -0.27 0.02 -0.88 -1.11
Sale of Property, Plant & Equipment
0.02 0.03 0.03 - 0.00 0.00 0.03 0.00 0.05 0.02 0.01
Other Investing Activities, net
0.03 0.24 -0.00 0.00 0.00 0.04 0.04 - - 0.00 0.10
Net Cash From Financing Activities
-13 4.18 -23 -0.19 -12 -9.54 -5.03 -5.16 -5.13 -5.03 -4.94
Net Cash From Continuing Financing Activities
-13 4.18 -23 -0.19 -12 -9.54 -5.03 -5.16 -5.13 -5.03 -4.94
Repayment of Debt
-166 -148 -167 -158 -148 -139 -153 -135 -124 -127 -125
Payment of Dividends
-2.75 -2.75 -2.28 -2.28 -2.28 -25 -2.27 -2.27 -2.27 -2.27 -2.27
Issuance of Debt
157 157 149 162 139 155 151 133 122 125 123
Other Financing Activities, net
-1.06 -1.97 -2.16 -1.11 -0.89 -0.89 -0.76 -0.79 -0.78 -0.76 -0.67
Cash Interest Paid
0.88 0.80 1.10 1.10 1.05 0.90 0.83 0.83 0.88 0.76 0.67
Cash Income Taxes Paid
7.17 0.16 5.32 1.80 6.46 0.01 0.04 2.38 2.62 0.00 1.70

Annual Balance Sheets for Natural Grocers by Vitamin Cottage

This table presents Natural Grocers by Vitamin Cottage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015 9/30/2014
Total Assets
655 669 663 655 682 327 307 300 282 234 189
Total Current Assets
147 153 141 136 143 115 111 108 97 82 67
Cash & Equivalents
8.87 18 12 24 29 6.21 9.40 6.52 4.02 2.92 5.11
Accounts Receivable
13 11 10 8.49 8.52 5.06 4.74 4.86 3.75 2.58 2.15
Inventories, net
121 119 114 101 100 96 94 94 86 75 58
Prepaid Expenses
4.91 4.15 4.37 2.91 6.19 7.73 2.59 3.22 3.23 1.11 0.64
Plant, Property, & Equipment, net
179 169 157 151 148 202 189 184 178 145 120
Total Noncurrent Assets
330 348 365 368 390 10 7.36 7.36 6.62 6.42 1.65
Noncurrent Note & Lease Receivables
41 45 44 39 40 0.00 - - - - -
Goodwill
13 14 14 12 10 8.64 5.65 5.66 5.60 5.62 0.90
Other Noncurrent Operating Assets
276 288 308 317 340 1.64 1.68 1.64 0.97 0.78 0.71
Total Liabilities & Shareholders' Equity
655 669 663 655 682 327 307 300 282 234 189
Total Liabilities
481 498 507 512 509 170 160 166 156 118 90
Total Current Liabilities
164 154 138 134 129 83 80 72 67 70 50
Accounts Payable
88 81 71 69 69 63 61 57 54 50 34
Accrued Expenses
36 33 27 27 25 19 18 14 12 20 16
Other Current Liabilities
40 39 38 36 35 0.00 - - - - -
Total Noncurrent Liabilities
317 344 370 379 380 87 81 95 89 49 40
Long-Term Debt
0.00 5.94 14 22 0.00 5.69 13 28 27 0.00 -
Noncurrent Deferred & Payable Income Tax Liabilities
10 14 16 15 14 10 6.45 12 12 6.07 5.41
Other Noncurrent Operating Liabilities
307 324 295 302 326 7.96 8.90 9.16 8.38 7.98 7.25
Total Equity & Noncontrolling Interests
174 171 156 143 173 157 147 134 127 115 99
Total Preferred & Common Equity
174 171 156 143 173 157 147 134 127 115 99
Total Common Equity
174 171 156 143 173 157 147 134 127 115 99
Common Stock
60 59 58 57 57 56 56 56 55 55 55
Retained Earnings
114 112 98 85 116 101 92 79 72 60 44

Quarterly Balance Sheets for Natural Grocers by Vitamin Cottage

This table presents Natural Grocers by Vitamin Cottage's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 12/31/2024 6/30/2024 3/31/2024 12/31/2023 6/30/2023 3/31/2023 12/31/2022 6/30/2022
Total Assets
665 649 654 657 663 656 652 659 664
Total Current Assets
163 145 145 141 143 140 146 140 144
Cash & Equivalents
21 6.32 14 11 14 8.58 19 17 20
Accounts Receivable
12 12 8.92 8.74 9.32 8.87 6.92 7.99 8.09
Inventories, net
125 122 117 117 116 117 116 111 111
Prepaid Expenses
4.82 4.49 5.03 3.81 4.24 6.07 3.84 3.83 4.22
Plant, Property, & Equipment, net
181 182 178 178 177 162 158 159 149
Total Noncurrent Assets
320 322 331 337 343 353 348 359 372
Noncurrent Note & Lease Receivables
39 40 42 43 44 46 43 44 46
Goodwill
13 13 14 14 14 14 14 15 13
Other Noncurrent Operating Assets
269 270 275 280 285 293 291 300 313
Total Liabilities & Shareholders' Equity
665 649 654 657 663 656 652 659 664
Total Liabilities
472 467 487 497 509 489 490 500 509
Total Current Liabilities
168 150 152 160 159 136 141 140 131
Accounts Payable
92 76 79 84 82 73 76 76 69
Accrued Expenses
35 35 31 32 32 23 25 24 22
Other Current Liabilities
40 40 40 40 40 38 38 38 38
Total Noncurrent Liabilities
304 317 335 337 350 353 349 361 377
Noncurrent Deferred & Payable Income Tax Liabilities
8.67 9.73 12 13 14 16 16 16 16
Other Noncurrent Operating Liabilities
295 298 307 313 272 329 323 287 299
Total Equity & Noncontrolling Interests
193 182 168 160 154 167 162 158 156
Total Preferred & Common Equity
193 182 168 160 154 167 162 158 156
Total Common Equity
193 182 168 160 154 167 162 158 156
Common Stock
62 61 61 60 59 59 59 58 58
Retained Earnings
131 121 107 100 95 108 103 100 98

Annual Metrics And Ratios for Natural Grocers by Vitamin Cottage

This table displays calculated financial ratios and metrics derived from Natural Grocers by Vitamin Cottage's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015 9/30/2014
Growth Metrics
- - - - - - - - - - -
Revenue Growth
8.86% 4.68% 3.23% 1.80% 14.75% 6.42% 10.40% 9.01% 12.94% 19.97% 20.90%
EBITDA Growth
28.60% 4.32% 0.17% -1.65% 28.84% 2.83% 2.00% -5.02% -8.12% 20.50% 27.01%
EBIT Growth
48.34% 5.02% 6.45% 2.08% 65.51% 11.38% 6.77% -30.82% -28.82% 18.07% 27.03%
NOPAT Growth
43.55% 11.89% 3.64% 3.57% 61.67% -26.43% 92.66% -30.09% -25.48% 20.50% 26.24%
Net Income Growth
46.00% 8.79% 3.81% 2.86% 112.50% -25.63% 83.73% -39.93% -29.21% 20.27% 27.68%
EPS Growth
44.12% 8.51% 3.30% 2.25% 111.90% -25.00% 80.65% -39.22% -29.17% 20.00% 27.66%
Operating Cash Flow Growth
14.17% 62.76% -26.33% -18.98% 77.90% -12.79% 4.93% 41.70% -29.70% 29.15% 23.46%
Free Cash Flow Firm Growth
-54.14% 5,471.88% -94.82% -47.86% 1,293.18% -124.87% 580.41% 108.11% -344.25% -4.35% 73.40%
Invested Capital Growth
3.24% -21.53% 12.04% -1.00% -11.90% 9.00% 1.33% 3.92% 29.85% 21.16% 22.35%
Revenue Q/Q Growth
2.27% 1.86% 0.14% 0.81% 3.70% 1.08% 2.29% 2.33% 2.71% 4.46% 4.11%
EBITDA Q/Q Growth
6.53% 8.57% -9.52% 7.22% 4.75% -5.12% 0.96% 0.36% -2.63% 2.26% 4.77%
EBIT Q/Q Growth
10.15% 14.96% -16.03% 18.45% 8.54% -3.91% 5.00% -3.31% -10.34% -0.16% 4.49%
NOPAT Q/Q Growth
9.73% 17.67% -17.76% 18.86% 9.46% -5.75% 6.19% -0.55% -8.92% -0.26% 4.43%
Net Income Q/Q Growth
10.16% 19.05% -19.13% 20.36% 13.44% -7.14% 7.19% -3.23% -11.06% -1.79% 7.67%
EPS Q/Q Growth
8.89% 18.60% -18.97% 19.74% 14.10% -6.67% 5.66% 0.00% -12.07% -1.37% 7.14%
Operating Cash Flow Q/Q Growth
-5.10% 39.40% -24.21% 49.42% -5.73% -49.49% 21.43% -7.06% -11.34% 9.36% -7.22%
Free Cash Flow Firm Q/Q Growth
7.95% 28.16% -89.36% 114.69% -76.09% -111.35% 65.39% 150.30% -33.28% 36.48% -24.94%
Invested Capital Q/Q Growth
-3.79% -4.45% 2.00% -0.83% 0.00% 19.67% -1.57% 1.11% 5.20% 2.37% 6.40%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
29.38% 28.66% 27.98% 27.68% 27.31% 26.42% 26.57% 27.61% 28.60% 29.15% 29.10%
EBITDA Margin
6.28% 5.31% 5.33% 5.49% 5.69% 5.06% 5.24% 5.67% 6.51% 8.00% 7.97%
Operating Margin
3.78% 2.78% 2.77% 2.68% 2.68% 1.86% 1.77% 1.83% 2.89% 4.58% 4.66%
EBIT Margin
3.78% 2.78% 2.77% 2.68% 2.68% 1.86% 1.77% 1.83% 2.89% 4.58% 4.66%
Profit (Net Income) Margin
2.73% 2.04% 1.96% 1.95% 1.93% 1.04% 1.49% 0.90% 1.63% 2.59% 2.59%
Tax Burden Percent
79.29% 81.93% 76.90% 78.99% 77.85% 79.70% 120.66% 66.87% 66.17% 63.21% 61.93%
Interest Burden Percent
91.11% 89.58% 92.14% 91.98% 92.62% 70.46% 69.71% 73.10% 85.06% 89.55% 89.71%
Effective Tax Rate
20.71% 18.07% 23.10% 21.01% 22.15% 20.30% -20.66% 33.13% 33.83% 36.79% 38.07%
Return on Invested Capital (ROIC)
22.88% 14.24% 12.00% 12.22% 11.00% 6.67% 9.54% 5.08% 8.37% 14.15% 14.29%
ROIC Less NNEP Spread (ROIC-NNEP)
56.80% -0.11% 7.85% 5.11% 5.93% -1.47% -1.45% 0.49% 3.33% 5.03% 2.78%
Return on Net Nonoperating Assets (RNNOA)
-3.21% -0.01% 2.31% 0.82% 1.13% -0.47% -0.52% 0.21% 1.10% 0.97% 0.41%
Return on Equity (ROE)
19.67% 14.23% 14.31% 13.03% 12.13% 6.20% 9.02% 5.29% 9.47% 15.12% 14.69%
Cash Return on Invested Capital (CROIC)
19.69% 38.36% 0.65% 13.23% 23.64% -1.94% 8.22% 1.24% -17.60% -4.99% -5.82%
Operating Return on Assets (OROA)
7.09% 4.75% 4.58% 4.24% 5.50% 5.29% 4.96% 4.84% 7.90% 13.54% 13.90%
Return on Assets (ROA)
5.12% 3.49% 3.24% 3.08% 3.97% 2.97% 4.17% 2.37% 4.44% 7.66% 7.72%
Return on Common Equity (ROCE)
19.67% 14.23% 14.31% 13.03% 12.13% 6.20% 9.02% 5.29% 9.47% 15.12% 14.69%
Return on Equity Simple (ROE_SIMPLE)
19.47% 13.61% 13.71% 14.42% 11.56% 6.00% 8.63% 5.15% 9.05% 14.03% 13.63%
Net Operating Profit after Tax (NOPAT)
37 26 23 22 22 13 18 9.43 13 18 15
NOPAT Margin
3.00% 2.27% 2.13% 2.12% 2.08% 1.48% 2.14% 1.23% 1.91% 2.90% 2.88%
Net Nonoperating Expense Percent (NNEP)
-33.92% 14.35% 4.15% 7.11% 5.07% 8.15% 10.99% 4.59% 5.04% 9.12% 11.51%
Return On Investment Capital (ROIC_SIMPLE)
21.37% 14.53% 10.73% - - - - - - - -
Cost of Revenue to Revenue
70.62% 71.34% 72.02% 72.32% 72.69% 73.58% 73.43% 72.39% 71.40% 70.85% 70.90%
SG&A Expenses to Revenue
3.12% 3.15% 2.90% 2.69% 2.58% 2.53% 2.53% 2.61% 2.73% 2.80% 2.85%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
25.60% 25.89% 25.21% 25.00% 24.63% 24.57% 24.80% 25.78% 25.71% 24.57% 24.44%
Earnings before Interest and Taxes (EBIT)
47 32 30 28 28 17 15 14 20 29 24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
78 61 58 58 59 46 44 44 46 50 41
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
3.87 1.58 1.40 1.55 0.96 1.04 1.88 0.68 1.45 3.23 2.70
Price to Tangible Book Value (P/TBV)
4.20 1.72 1.54 1.69 1.02 1.10 1.95 0.71 1.51 3.39 2.73
Price to Revenue (P/Rev)
0.54 0.24 0.20 0.21 0.16 0.18 0.32 0.12 0.26 0.60 0.51
Price to Earnings (P/E)
19.89 11.63 10.18 10.75 8.33 17.39 21.77 13.26 15.98 22.98 19.82
Dividend Yield
4.39% 3.37% 4.17% 2.86% 3.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
5.03% 8.60% 9.82% 9.30% 12.01% 5.75% 4.59% 7.54% 6.26% 4.35% 5.05%
Enterprise Value to Invested Capital (EV/IC)
4.03 1.62 1.30 1.43 0.96 1.03 1.67 0.78 1.31 2.83 2.45
Enterprise Value to Revenue (EV/Rev)
0.54 0.23 0.24 0.25 0.17 0.24 0.38 0.19 0.34 0.64 0.55
Enterprise Value to EBITDA (EV/EBITDA)
8.55 4.28 4.58 4.50 3.01 4.71 7.21 3.36 5.20 7.95 6.85
Enterprise Value to EBIT (EV/EBIT)
14.18 8.20 8.82 9.20 6.40 12.87 21.30 10.40 11.71 13.87 11.71
Enterprise Value to NOPAT (EV/NOPAT)
17.89 10.01 11.47 11.65 8.22 16.14 17.65 15.56 17.69 21.95 18.91
Enterprise Value to Operating Cash Flow (EV/OCF)
9.03 4.02 6.70 4.84 2.67 5.77 7.48 3.59 8.28 9.69 8.94
Enterprise Value to Free Cash Flow (EV/FCFF)
20.78 3.71 212.00 10.76 3.82 0.00 20.48 63.76 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.05 0.39 0.44 0.23 0.37 0.37 0.46 0.47 0.24 0.22
Long-Term Debt to Equity
0.00 0.03 0.38 0.43 0.23 0.36 0.37 0.46 0.46 0.24 0.22
Financial Leverage
-0.06 0.12 0.29 0.16 0.19 0.32 0.36 0.42 0.33 0.19 0.15
Leverage Ratio
3.84 4.08 4.42 4.23 3.06 2.09 2.16 2.23 2.13 1.97 1.90
Compound Leverage Factor
3.50 3.65 4.07 3.89 2.83 1.47 1.51 1.63 1.81 1.77 1.71
Debt to Total Capital
0.00% 4.31% 27.92% 30.67% 18.58% 27.06% 27.02% 31.59% 31.89% 19.29% 18.19%
Short-Term Debt to Total Capital
0.00% 0.98% 0.81% 0.85% 0.00% 0.49% 0.37% 0.28% 0.26% 0.23% 0.19%
Long-Term Debt to Total Capital
0.00% 3.33% 27.11% 29.82% 18.58% 26.57% 26.66% 31.31% 31.63% 19.06% 18.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 95.69% 72.08% 69.33% 81.42% 72.94% 72.98% 68.41% 68.11% 80.71% 81.81%
Debt to EBITDA
0.00 0.13 1.04 1.09 0.67 1.27 1.22 1.42 1.29 0.55 0.53
Net Debt to EBITDA
0.00 -0.18 0.83 0.68 0.19 1.14 1.01 1.27 1.20 0.49 0.41
Long-Term Debt to EBITDA
0.00 0.10 1.01 1.06 0.67 1.25 1.20 1.40 1.28 0.55 0.52
Debt to NOPAT
0.00 0.30 2.60 2.82 1.83 4.36 2.99 6.56 4.40 1.53 1.46
Net Debt to NOPAT
0.00 -0.41 2.08 1.76 0.51 3.89 2.47 5.87 4.10 1.36 1.12
Long-Term Debt to NOPAT
0.00 0.23 2.53 2.74 1.83 4.28 2.95 6.50 4.36 1.51 1.45
Altman Z-Score
3.18 2.42 2.26 2.20 2.12 4.06 4.50 3.56 3.93 5.39 5.39
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.90 0.99 1.02 1.01 1.11 1.38 1.39 1.51 1.46 1.18 1.35
Quick Ratio
0.13 0.19 0.16 0.24 0.29 0.14 0.18 0.16 0.12 0.08 0.15
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
32 70 1.25 24 46 -3.89 16 2.30 -28 -6.38 -6.12
Operating Cash Flow to CapEx
196.67% 177.19% 141.67% 205.17% 248.59% 128.05% 181.22% 106.36% 53.64% 111.61% 86.96%
Free Cash Flow to Firm to Interest Expense
7.67 21.18 0.53 10.67 22.68 -0.79 3.43 0.61 -9.31 -2.13 -2.45
Operating Cash Flow to Interest Expense
17.66 19.58 16.74 23.73 32.47 7.55 9.40 10.77 9.47 13.70 12.72
Operating Cash Flow Less CapEx to Interest Expense
8.68 8.53 4.92 12.16 19.41 1.65 4.21 0.64 -8.18 1.43 -1.91
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.87 1.71 1.65 1.58 2.06 2.85 2.80 2.64 2.73 2.95 2.98
Accounts Receivable Turnover
106.09 107.13 114.79 124.12 152.72 184.46 176.92 178.70 223.15 264.58 229.02
Inventory Turnover
7.31 6.98 7.32 7.61 7.68 6.98 6.64 6.19 6.25 6.65 7.11
Fixed Asset Turnover
7.14 6.99 7.06 7.05 5.93 4.63 4.55 4.24 4.36 4.71 4.75
Accounts Payable Turnover
10.37 10.71 11.19 11.05 11.39 10.70 10.57 10.08 9.73 10.57 11.77
Days Sales Outstanding (DSO)
3.44 3.41 3.18 2.94 2.39 1.98 2.06 2.04 1.64 1.38 1.59
Days Inventory Outstanding (DIO)
49.94 52.27 49.84 47.99 47.54 52.27 54.98 58.99 58.38 54.93 51.34
Days Payable Outstanding (DPO)
35.19 34.08 32.61 33.02 32.04 34.11 34.53 36.21 37.50 34.53 31.02
Cash Conversion Cycle (CCC)
18.19 21.59 20.41 17.91 17.89 20.13 22.52 24.82 22.52 21.78 21.91
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
165 160 204 182 184 209 192 189 182 140 116
Invested Capital Turnover
7.63 6.26 5.64 5.76 5.28 4.51 4.46 4.14 4.38 4.88 4.95
Increase / (Decrease) in Invested Capital
5.20 -44 22 -1.85 -25 17 2.51 7.13 42 24 21
Enterprise Value (EV)
666 260 266 261 178 216 321 147 239 397 284
Market Capitalization
675 270 218 221 167 164 276 91 183 372 267
Book Value per Share
$7.64 $7.51 $6.87 $6.31 $7.68 $6.99 $6.56 $5.97 $5.63 $5.13 $4.40
Tangible Book Value per Share
$7.05 $6.89 $6.24 $5.79 $7.22 $6.60 $6.31 $5.72 $5.38 $4.88 $4.36
Total Capital
174 179 216 206 213 215 201 196 186 143 121
Total Debt
0.00 7.69 60 63 40 58 54 62 59 28 22
Total Long-Term Debt
0.00 5.94 59 61 40 57 54 61 59 27 22
Net Debt
-8.87 -11 48 39 11 52 45 55 55 25 17
Capital Expenditures (CapEx)
38 36 28 26 27 29 24 38 54 37 37
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-26 -18 -7.36 -20 -14 27 23 31 27 9.82 12
Debt-free Net Working Capital (DFNWC)
-17 0.27 4.68 3.61 14 33 32 37 31 13 17
Net Working Capital (NWC)
-17 -1.48 2.93 1.86 14 32 31 37 31 12 17
Net Nonoperating Expense (NNE)
3.31 2.70 1.82 1.79 1.59 3.95 5.50 2.54 2.01 1.89 1.54
Net Nonoperating Obligations (NNO)
-8.87 -11 48 39 11 52 45 55 55 25 17
Total Depreciation and Amortization (D&A)
31 29 28 30 31 29 29 30 26 21 17
Debt-free, Cash-free Net Working Capital to Revenue
-2.09% -1.58% -0.68% -1.90% -1.38% 2.96% 2.66% 3.99% 3.86% 1.57% 2.37%
Debt-free Net Working Capital to Revenue
-1.38% 0.02% 0.43% 0.34% 1.38% 3.65% 3.77% 4.84% 4.43% 2.04% 3.35%
Net Working Capital to Revenue
-1.38% -0.13% 0.27% 0.18% 1.38% 3.53% 3.68% 4.77% 4.36% 1.99% 3.31%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.49 $1.02 $0.00 $0.00 $0.00 $0.42 $0.57 $0.31 $0.51 $0.72 $0.60
Adjusted Weighted Average Basic Shares Outstanding
22.77M 22.73M 0.00 0.00 0.00 22.42M 22.36M 22.45M 22.49M 22.49M 22.47M
Adjusted Diluted Earnings per Share
$1.47 $1.02 $0.00 $0.00 $0.00 $0.42 $0.56 $0.31 $0.51 $0.72 $0.60
Adjusted Weighted Average Diluted Shares Outstanding
23.08M 22.83M 0.00 0.00 0.00 22.55M 22.41M 22.46M 22.51M 22.50M 22.48M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
22.91M 22.75M 0.00 0.00 0.00 22.48M 22.39M 22.35M 22.45M 22.50M 22.49M
Normalized Net Operating Profit after Tax (NOPAT)
37 26 23 22 22 13 11 9.43 13 18 15
Normalized NOPAT Margin
3.00% 2.27% 2.13% 2.12% 2.08% 1.48% 1.24% 1.23% 1.91% 2.90% 2.88%
Pre Tax Income Margin
3.45% 2.49% 2.55% 2.47% 2.48% 1.31% 1.24% 1.34% 2.46% 4.10% 4.18%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
11.25 9.60 12.72 12.47 13.55 3.39 3.30 3.72 6.69 9.57 9.71
NOPAT to Interest Expense
8.92 7.86 9.78 9.85 10.55 2.70 3.98 2.49 4.43 6.05 6.02
EBIT Less CapEx to Interest Expense
2.27 -1.45 0.90 0.91 0.49 -2.51 -1.89 -6.41 -10.96 -2.71 -4.91
NOPAT Less CapEx to Interest Expense
-0.06 -3.19 -2.04 -1.71 -2.51 -3.20 -1.20 -7.64 -13.22 -6.23 -8.61
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
93.90% 39.10% 42.44% 250.00% 31.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
93.90% 39.88% 42.44% 250.00% 31.49% 0.00% 4.59% 3.79% 7.23% 0.00% 0.00%

Quarterly Metrics And Ratios for Natural Grocers by Vitamin Cottage

This table displays calculated financial ratios and metrics derived from Natural Grocers by Vitamin Cottage's official financial filings.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
8.98% 9.44% 9.35% 9.68% 8.77% 7.59% 7.61% 5.81% 4.20% 1.14% 0.57%
EBITDA Growth
34.13% 16.66% 31.40% 26.98% 21.68% 35.40% 45.82% 28.10% -1.19% -29.57% -36.92%
EBIT Growth
55.87% 23.56% 55.95% 41.42% 33.57% 68.35% 113.97% 60.75% -4.88% -46.63% -61.41%
NOPAT Growth
53.94% 26.28% 50.07% 28.59% 36.15% 68.05% 147.35% 77.16% -3.60% -46.12% -65.38%
Net Income Growth
64.56% 28.15% 53.23% 30.22% 35.30% 75.97% 172.22% 79.81% -7.44% -50.57% -70.05%
EPS Growth
60.00% 26.47% 46.15% 29.03% 34.62% 78.95% 160.00% 82.35% -7.14% -51.28% -68.75%
Operating Cash Flow Growth
68.43% -83.87% -13.95% 854.92% 48.15% -21.61% 179.22% -32.33% -12.06% 75.86% -55.45%
Free Cash Flow Firm Growth
1,044.83% 2,536.28% -90.74% -85.66% -101.56% 86.25% 362.09% 435.40% 647.78% -373.06% -302.28%
Invested Capital Growth
4.86% -12.38% 3.24% 2.54% 6.15% 4.97% -21.53% -16.23% -17.30% 8.67% 12.04%
Revenue Q/Q Growth
1.68% 2.34% 4.39% 0.32% 2.10% 2.26% 4.71% -0.51% 0.99% 2.28% 2.97%
EBITDA Q/Q Growth
19.45% 6.49% -3.36% 9.12% 3.89% 19.94% -6.61% 4.55% 15.61% 29.17% -17.96%
EBIT Q/Q Growth
31.50% 10.62% -6.08% 14.08% 4.24% 39.63% -14.83% 7.75% 31.39% 77.46% -36.01%
NOPAT Q/Q Growth
28.19% 8.15% -1.58% 12.82% 5.15% 28.53% -15.67% 19.45% 29.79% 89.18% -39.60%
Net Income Q/Q Growth
31.83% 10.30% -2.16% 15.68% 2.66% 31.89% -16.86% 20.19% 33.51% 104.03% -45.08%
EPS Q/Q Growth
30.23% 13.16% -5.00% 14.29% 2.94% 30.77% -16.13% 19.23% 36.84% 90.00% -41.18%
Operating Cash Flow Q/Q Growth
1,170.02% -89.04% 96.90% -38.52% 21.65% -41.56% 2,084.87% -90.46% -35.63% 108.16% 429.52%
Free Cash Flow Firm Q/Q Growth
-84.42% 685.96% -19.04% 1,053.35% 59.84% -102.99% 25.41% 3.80% 453.65% 43.07% -60.50%
Invested Capital Q/Q Growth
-6.88% 11.54% -3.79% 4.94% -22.19% 31.43% -4.45% 8.64% -23.06% -1.74% 2.00%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
30.30% 29.93% 29.55% 29.23% 29.33% 29.42% 28.58% 28.88% 29.12% 28.07% 27.64%
EBITDA Margin
7.58% 6.45% 6.20% 6.70% 6.16% 6.05% 5.16% 5.78% 5.50% 4.81% 3.81%
Operating Margin
5.23% 4.04% 3.74% 4.16% 3.66% 3.58% 2.62% 3.22% 2.98% 2.29% 1.32%
EBIT Margin
5.23% 4.04% 3.74% 4.16% 3.66% 3.58% 2.62% 3.22% 2.98% 2.29% 1.32%
Profit (Net Income) Margin
3.90% 3.01% 2.79% 2.98% 2.58% 2.57% 1.99% 2.51% 2.08% 1.57% 0.79%
Tax Burden Percent
77.97% 79.98% 81.81% 78.08% 78.95% 78.26% 85.02% 85.87% 77.45% 78.40% 73.54%
Interest Burden Percent
95.73% 93.09% 91.27% 91.81% 89.55% 91.72% 89.39% 90.66% 90.11% 87.60% 81.22%
Effective Tax Rate
22.03% 20.02% 18.19% 21.92% 21.05% 21.74% 14.98% 14.13% 22.55% 21.60% 26.46%
Return on Invested Capital (ROIC)
31.53% 20.79% 23.33% 23.21% 21.53% 15.84% 13.96% 16.86% 14.94% 10.18% 5.47%
ROIC Less NNEP Spread (ROIC-NNEP)
38.25% 18.30% 32.16% -11.01% 69.56% 14.42% 10.25% 13.63% 9.78% 8.57% 4.33%
Return on Net Nonoperating Assets (RNNOA)
-1.88% 3.23% -1.82% -0.16% -0.84% 4.58% 1.18% 1.91% 0.78% 2.15% 1.27%
Return on Equity (ROE)
29.64% 24.02% 21.52% 23.05% 20.69% 20.42% 15.14% 18.77% 15.71% 12.33% 6.74%
Cash Return on Invested Capital (CROIC)
21.63% 33.19% 19.69% 17.49% 13.97% 9.44% 38.36% 29.65% 29.87% 1.49% 0.65%
Operating Return on Assets (OROA)
10.27% 7.83% 7.01% 7.70% 6.63% 6.29% 4.49% 5.47% 5.03% 3.81% 2.18%
Return on Assets (ROA)
7.67% 5.83% 5.23% 5.52% 4.69% 4.52% 3.41% 4.26% 3.51% 2.62% 1.30%
Return on Common Equity (ROCE)
29.64% 24.02% 21.52% 23.05% 20.69% 20.42% 15.14% 18.77% 15.71% 12.33% 6.74%
Return on Equity Simple (ROE_SIMPLE)
21.38% 19.86% 0.00% 18.36% 17.92% 17.28% 0.00% 11.69% 10.11% 10.66% 0.00%
Net Operating Profit after Tax (NOPAT)
14 11 9.87 10 8.89 8.45 6.58 7.80 6.53 5.03 2.66
NOPAT Margin
4.08% 3.23% 3.06% 3.25% 2.89% 2.80% 2.23% 2.77% 2.31% 1.79% 0.97%
Net Nonoperating Expense Percent (NNEP)
-6.73% 2.49% -8.82% 34.22% -48.03% 1.41% 3.71% 3.22% 5.16% 1.61% 1.14%
Return On Investment Capital (ROIC_SIMPLE)
7.09% 5.60% 5.67% - - 3.77% 3.68% - - - 1.23%
Cost of Revenue to Revenue
69.70% 70.07% 70.45% 70.77% 70.67% 70.58% 71.42% 71.12% 70.88% 71.93% 72.36%
SG&A Expenses to Revenue
3.28% 3.49% 3.17% 3.09% 3.09% 3.12% 3.32% 3.30% 3.04% 2.94% 3.15%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
25.08% 25.88% 25.82% 25.07% 25.67% 25.84% 25.96% 25.66% 26.14% 25.78% 26.33%
Earnings before Interest and Taxes (EBIT)
18 13 12 13 11 11 7.74 9.08 8.43 6.42 3.62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
25 21 20 21 19 18 15 16 16 13 10
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
4.78 5.00 3.87 2.88 2.56 2.32 1.58 1.53 1.50 1.19 1.40
Price to Tangible Book Value (P/TBV)
5.11 5.39 4.20 3.14 2.80 2.56 1.72 1.68 1.65 1.31 1.54
Price to Revenue (P/Rev)
0.71 0.72 0.54 0.40 0.34 0.31 0.24 0.23 0.22 0.17 0.20
Price to Earnings (P/E)
22.34 25.19 19.89 15.69 14.26 13.45 11.63 13.12 14.85 11.12 10.18
Dividend Yield
1.09% 1.06% 4.39% 6.13% 7.24% 8.26% 3.37% 3.55% 3.74% 4.85% 4.17%
Earnings Yield
4.48% 3.97% 5.03% 6.38% 7.01% 7.43% 8.60% 7.62% 6.73% 8.99% 9.82%
Enterprise Value to Invested Capital (EV/IC)
5.24 4.95 4.03 2.84 2.52 1.97 1.62 1.54 1.53 1.15 1.30
Enterprise Value to Revenue (EV/Rev)
0.69 0.72 0.54 0.40 0.35 0.36 0.23 0.23 0.21 0.21 0.24
Enterprise Value to EBITDA (EV/EBITDA)
10.30 11.27 8.55 6.67 6.01 6.34 4.28 4.61 4.52 4.38 4.58
Enterprise Value to EBIT (EV/EBIT)
16.14 18.42 14.18 11.43 10.62 11.49 8.20 9.34 9.79 9.36 8.82
Enterprise Value to NOPAT (EV/NOPAT)
20.35 23.12 17.89 14.36 13.02 14.11 10.01 11.67 12.67 12.18 11.47
Enterprise Value to Operating Cash Flow (EV/OCF)
12.23 15.25 9.03 6.27 6.20 6.90 4.02 5.55 5.03 4.71 6.70
Enterprise Value to Free Cash Flow (EV/FCFF)
24.82 13.92 20.78 16.42 18.58 21.36 3.71 4.72 4.64 80.10 212.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.05 0.00 0.11 0.09 0.46 0.05 0.06 0.07 0.38 0.39
Long-Term Debt to Equity
0.00 0.05 0.00 0.10 0.07 0.42 0.03 0.05 0.06 0.36 0.38
Financial Leverage
-0.05 0.18 -0.06 0.01 -0.01 0.32 0.12 0.14 0.08 0.25 0.29
Leverage Ratio
3.74 3.91 3.84 3.91 4.06 4.24 4.08 4.09 4.14 4.27 4.42
Compound Leverage Factor
3.58 3.64 3.50 3.59 3.64 3.89 3.65 3.71 3.73 3.74 3.59
Debt to Total Capital
0.00% 4.67% 0.00% 9.83% 8.62% 31.36% 4.31% 5.49% 6.73% 27.27% 27.92%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.91% 2.11% 2.54% 0.98% 0.99% 1.01% 0.80% 0.81%
Long-Term Debt to Total Capital
0.00% 4.67% 0.00% 8.92% 6.51% 28.82% 3.33% 4.49% 5.72% 26.47% 27.11%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 95.33% 100.00% 90.17% 91.38% 68.64% 95.69% 94.51% 93.27% 72.73% 72.08%
Debt to EBITDA
0.00 0.11 0.00 0.25 0.22 1.08 0.13 0.17 0.22 1.13 1.04
Net Debt to EBITDA
0.00 0.03 0.00 0.06 0.06 0.87 -0.18 0.02 -0.14 0.81 0.83
Long-Term Debt to EBITDA
0.00 0.11 0.00 0.23 0.17 0.99 0.10 0.14 0.19 1.10 1.01
Debt to NOPAT
0.00 0.23 0.00 0.54 0.48 2.39 0.30 0.44 0.63 3.14 2.60
Net Debt to NOPAT
0.00 0.07 0.00 0.13 0.13 1.93 -0.41 0.05 -0.39 2.25 2.08
Long-Term Debt to NOPAT
0.00 0.23 0.00 0.49 0.36 2.20 0.23 0.36 0.53 3.05 2.53
Altman Z-Score
3.48 3.45 3.01 2.73 2.54 2.40 2.30 2.31 2.27 2.13 2.13
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.97 0.96 0.90 0.96 0.88 0.90 0.99 1.03 1.04 1.00 1.02
Quick Ratio
0.20 0.12 0.13 0.15 0.12 0.14 0.19 0.13 0.18 0.18 0.16
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
5.72 37 4.68 5.78 -0.61 -1.51 51 40 39 -11 -19
Operating Cash Flow to CapEx
531.97% 27.96% 377.14% 140.76% 193.60% 141.67% 213.95% 20.80% 209.55% 204.07% 84.14%
Free Cash Flow to Firm to Interest Expense
7.63 39.81 4.44 5.49 -0.51 -1.69 61.53 47.50 46.53 -13.79 -28.39
Operating Cash Flow to Interest Expense
45.42 2.91 23.25 11.82 17.18 18.60 34.65 1.54 16.37 26.64 15.00
Operating Cash Flow Less CapEx to Interest Expense
36.88 -7.49 17.08 3.42 8.31 5.47 18.45 -5.85 8.56 13.59 -2.83
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.96 1.94 1.87 1.85 1.81 1.76 1.71 1.70 1.69 1.66 1.65
Accounts Receivable Turnover
122.49 119.71 106.09 136.45 151.52 134.25 107.13 132.02 168.20 124.27 114.79
Inventory Turnover
7.53 7.53 7.31 7.35 7.21 7.25 6.98 7.03 7.13 7.39 7.32
Fixed Asset Turnover
7.23 7.07 7.14 7.13 7.06 6.91 6.99 7.20 7.23 7.08 7.06
Accounts Payable Turnover
10.35 11.39 10.37 11.31 10.53 10.50 10.71 11.27 11.04 11.21 11.19
Days Sales Outstanding (DSO)
2.98 3.05 3.44 2.68 2.41 2.72 3.41 2.76 2.17 2.94 3.18
Days Inventory Outstanding (DIO)
48.48 48.50 49.94 49.65 50.60 50.32 52.27 51.94 51.21 49.36 49.84
Days Payable Outstanding (DPO)
35.27 32.04 35.19 32.26 34.66 34.76 34.08 32.38 33.05 32.57 32.61
Cash Conversion Cycle (CCC)
16.19 19.51 18.19 20.07 18.35 18.28 21.59 22.32 20.33 19.73 20.41
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
172 184 165 172 164 211 160 168 154 201 204
Invested Capital Turnover
7.73 6.43 7.63 7.15 7.46 5.65 6.26 6.09 6.48 5.67 5.64
Increase / (Decrease) in Invested Capital
7.96 -26 5.20 4.26 9.50 9.96 -44 -32 -32 16 22
Enterprise Value (EV)
901 912 666 488 413 414 260 257 236 230 266
Market Capitalization
922 910 675 483 409 358 270 256 243 187 218
Book Value per Share
$8.42 $7.94 $7.64 $7.36 $7.03 $6.76 $7.51 $7.34 $7.13 $6.96 $6.87
Tangible Book Value per Share
$7.86 $7.37 $7.05 $6.76 $6.42 $6.15 $6.89 $6.72 $6.50 $6.31 $6.24
Total Capital
193 191 174 186 175 224 179 177 174 218 216
Total Debt
0.00 8.90 0.00 18 15 70 7.69 9.69 12 59 60
Total Long-Term Debt
0.00 8.90 0.00 17 11 65 5.94 7.94 9.94 58 59
Net Debt
-21 2.58 -8.87 4.37 4.12 57 -11 1.11 -7.28 42 48
Capital Expenditures (CapEx)
6.40 9.59 6.49 8.83 10 12 13 6.26 6.51 10 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-26 -12 -26 -19 -26 -24 -18 -2.43 -12 -15 -7.36
Debt-free Net Working Capital (DFNWC)
-4.48 -5.60 -17 -4.63 -15 -9.92 0.27 6.15 6.78 2.35 4.68
Net Working Capital (NWC)
-4.48 -5.60 -17 -6.32 -19 -16 -1.48 4.40 5.03 0.60 2.93
Net Nonoperating Expense (NNE)
0.58 0.74 0.86 0.82 0.93 0.70 0.70 0.73 0.65 0.62 0.50
Net Nonoperating Obligations (NNO)
-21 2.58 -8.87 4.10 3.83 57 -11 0.71 -7.70 42 48
Total Depreciation and Amortization (D&A)
7.89 7.95 7.94 7.85 7.71 7.46 7.49 7.22 7.16 7.07 6.82
Debt-free, Cash-free Net Working Capital to Revenue
-1.98% -0.94% -2.09% -1.53% -2.22% -2.03% -1.58% -0.22% -1.10% -1.34% -0.68%
Debt-free Net Working Capital to Revenue
-0.34% -0.44% -1.38% -0.38% -1.29% -0.85% 0.02% 0.55% 0.61% 0.21% 0.43%
Net Working Capital to Revenue
-0.34% -0.44% -1.38% -0.52% -1.60% -1.34% -0.13% 0.39% 0.46% 0.05% 0.27%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.57 $0.43 $0.40 $0.40 $0.35 $0.34 $0.26 $0.31 $0.26 $0.19 $0.10
Adjusted Weighted Average Basic Shares Outstanding
22.94M 22.90M 22.77M 22.79M 22.76M 22.75M 22.73M 22.73M 22.73M 22.71M 22.67M
Adjusted Diluted Earnings per Share
$0.56 $0.43 $0.38 $0.40 $0.35 $0.34 $0.26 $0.31 $0.26 $0.19 $0.10
Adjusted Weighted Average Diluted Shares Outstanding
23.27M 23.17M 23.08M 23.12M 23.06M 22.98M 22.83M 22.89M 22.82M 22.80M 22.82M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
22.95M 22.93M 22.91M 22.79M 22.79M 22.75M 22.75M 22.74M 22.73M 22.72M 22.71M
Normalized Net Operating Profit after Tax (NOPAT)
14 11 9.87 10 8.89 8.45 6.58 7.80 6.53 5.03 2.66
Normalized NOPAT Margin
4.08% 3.23% 3.06% 3.25% 2.89% 2.80% 2.23% 2.77% 2.31% 1.79% 0.97%
Pre Tax Income Margin
5.00% 3.76% 3.41% 3.82% 3.27% 3.28% 2.34% 2.92% 2.68% 2.00% 1.07%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
23.40 14.46 11.46 12.21 9.57 12.08 9.42 10.71 10.11 8.06 5.33
NOPAT to Interest Expense
18.25 11.57 9.37 9.53 7.55 9.46 8.01 9.20 7.83 6.32 3.92
EBIT Less CapEx to Interest Expense
14.87 4.07 5.29 3.82 0.69 -1.04 -6.77 3.33 2.30 -4.99 -12.51
NOPAT Less CapEx to Interest Expense
9.71 1.17 3.21 1.14 -1.32 -3.67 -8.18 1.82 0.02 -6.73 -13.92
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
24.38% 26.54% 93.90% 103.42% 111.11% 119.76% 39.10% 46.54% 55.42% 53.84% 42.44%
Augmented Payout Ratio
24.38% 26.54% 93.90% 103.42% 111.44% 119.76% 39.88% 47.47% 55.94% 53.84% 42.44%

Frequently Asked Questions About Natural Grocers by Vitamin Cottage's Financials

When does Natural Grocers by Vitamin Cottage's financial year end?

According to the most recent income statement we have on file, Natural Grocers by Vitamin Cottage's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Natural Grocers by Vitamin Cottage's net income changed over the last 10 years?

Natural Grocers by Vitamin Cottage's net income appears to be on an upward trend, with a most recent value of $33.94 million in 2024, rising from $13.47 million in 2014. The previous period was $23.24 million in 2023.

What is Natural Grocers by Vitamin Cottage's operating income?
Natural Grocers by Vitamin Cottage's total operating income in 2024 was $46.98 million, based on the following breakdown:
  • Total Gross Profit: $364.81 million
  • Total Operating Expenses: $317.83 million
How has Natural Grocers by Vitamin Cottage revenue changed over the last 10 years?

Over the last 10 years, Natural Grocers by Vitamin Cottage's total revenue changed from $520.67 million in 2014 to $1.24 billion in 2024, a change of 138.5%.

How much debt does Natural Grocers by Vitamin Cottage have?

Natural Grocers by Vitamin Cottage's total liabilities were at $481.22 million at the end of 2024, a 3.4% decrease from 2023, and a 433.9% increase since 2014.

How much cash does Natural Grocers by Vitamin Cottage have?

In the past 10 years, Natural Grocers by Vitamin Cottage's cash and equivalents has ranged from $2.92 million in 2015 to $28.53 million in 2020, and is currently $8.87 million as of their latest financial filing in 2024.

How has Natural Grocers by Vitamin Cottage's book value per share changed over the last 10 years?

Over the last 10 years, Natural Grocers by Vitamin Cottage's book value per share changed from 4.40 in 2014 to 7.64 in 2024, a change of 73.7%.



This page (NYSE:NGVC) was last updated on 5/27/2025 by MarketBeat.com Staff
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