# Natural Grocers by Vitamin Cottage share price today (Natural Grocers by Vitamin Cottage, Inc., NGVC)

> Natural Grocers by Vitamin Cottage, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NGVC · Consumer Staples · Grocery Stores · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/ngvc

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $27.94 (−12.9% in a year)
- P/E: 13.6× (lower than 63% of the last 1 year)
- Revenue (Jun 2026): $335 M (+1.8% on a year ago)
- Profit (Jun 2026): $11.1 M (−4.6% on a year ago)
- Operating margin: 3.9% (−0.8 points on a year ago)
- ROE: 22%, FY25
- ROIC: 8.9%, against a 7.6% cost of capital: +1.3 points

The main question: yearly earnings per share moved +36.1% while the share price moved −12.9%. ## What is the Natural Grocers by Vitamin Cottage share price today? Natural Grocers by Vitamin Cottage, Inc.'s share price was $27.94 at the close on 3 November 2026. That is 2.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between $25 and $33, and at that close it sat 40% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row. Over the last 1 year the share price moved −29% while the S&P 500 moved +21%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Natural Grocers by Vitamin Cottage pay? Natural Grocers by Vitamin Cottage, Inc. paid $0.57 per share over the last four reported quarters. The most recent declaration was $0.15 for Jun 2026. At today's price of $27.94 that is a yield of 2.04%, based on dividends already paid, not a forecast. ## Which stock lists is Natural Grocers by Vitamin Cottage on? Natural Grocers by Vitamin Cottage is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Natural Grocers by Vitamin Cottage profitable? Natural Grocers by Vitamin Cottage, Inc. earned $11.1 M of net profit in the Jun 2026 quarter, −4.6% on the same quarter a year earlier. Full-year FY25 profit was $46.4 M. Over 4 years profit has grown 22.6% a year on average. That is 3.3% of the quarter's revenue. The same quarter a year earlier earned $11.6 M. For the full year, FY25 profit was $46.4 M (+36.9% on the year before). Why profit moved: revenue changed +1.8% on a year earlier and the margin moved −0.8 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +10.7% and revenue +2.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Natural Grocers by Vitamin Cottage make, and is it growing? Natural Grocers by Vitamin Cottage, Inc. reported $335 M of revenue in the Jun 2026 quarter, +1.8% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 6.0% a year on average. The last full year, FY25, came in at $1.3 B. The last four reported quarters add to $1.3 B. FY25 revenue was $1.3 B, +7.2% on the year before. Recent pace: the last four quarters grew +2.0% on average, against 6.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +2.0%, against +5.2% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +9.1%, against +24.4% a year (rolling over). ## How much of every $100 of sales does Natural Grocers by Vitamin Cottage keep? Natural Grocers by Vitamin Cottage, Inc.'s operating margin was 3.9% in the Jun 2026 quarter, 0.8 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 2.8% and 4.7%. The latest quarter is within that range. Across 5 years it has been between 2.8% and 4.7%, and FY25's 4.7% is the highest of them. Why the margin moved: operating margin changed −0.8 percentage points on the year while gross margin changed −0.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Natural Grocers by Vitamin Cottage's profit turning into cash? Over the last 3 years, 187% of Natural Grocers by Vitamin Cottage, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $55.3 M of operating cash against $46.4 M of profit. After $31.2 M of spending on assets, $24.1 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Natural Grocers by Vitamin Cottage's cash go? Natural Grocers by Vitamin Cottage, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $105 M on assets over the last 3 years. Averaged over those years that is 2.6% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $105 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Natural Grocers by Vitamin Cottage's P/E ratio, and how does it compare with its own history? Natural Grocers by Vitamin Cottage, Inc.'s P/E is 13.6×, in the middle of its own history: higher than 37% of past readings. Its usual P/E (the middle reading) is 14.3×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +36.1% while the price moved −12.9%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Natural Grocers by Vitamin Cottage business getting better or worse? Natural Grocers by Vitamin Cottage, Inc.'s business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +57.8% at its peak to +9.1%, but the business is still expanding, with ROCE steady at 11.9%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Natural Grocers by Vitamin Cottage earn on its capital? Natural Grocers by Vitamin Cottage, Inc. earned a ROE of 22% in FY25. That is up from a low of 14% in FY23. Its return on capital used (ROIC) is 1.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 3.5% net margin and 1.98× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 3.5% net margin × 1.98× asset turnover × 3.16× leverage (assets divided by equity) ≈ 21.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.9% − 7.6% = +1.3 percentage points. The 7.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Natural Grocers by Vitamin Cottage have too much debt? Natural Grocers by Vitamin Cottage, Inc. has total debt of $323 M against shareholder equity of $239 M as of Jun 2026, so its debt is 1.35× its equity. Year by year, that ratio went from 2.81 in FY21 to 1.56 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Natural Grocers by Vitamin Cottage shareholding pattern? 10.4% of Natural Grocers by Vitamin Cottage, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 7.4 days. It is a single reading at one point in time; we do not have its history. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Natural Grocers by Vitamin Cottage from balance-sheet trouble? For Natural Grocers by Vitamin Cottage, Inc., the Z-score is 3.60. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 3.60 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Natural Grocers by Vitamin Cottage rank in its industry? 48.2 out of 100, rank 5 of 10 in Grocery Stores, with 81% of the evidence available. Natural Grocers by Vitamin Cottage, Inc. scores 48.2 out of 100 against the 10 companies it is compared with in Grocery Stores, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 14.6 + 15.2 + 9.6 + 8.8 = 48.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Natural Grocers by Vitamin Cottage compared with? Natural Grocers by Vitamin Cottage ranks 5 of 10 Grocery Stores companies on the 4-Factor Sector Score, with 48.2 out of 100. 1. [The Kroger Co.](https://www.sectoralpha.in/us/stocks/kr) KR · turning · Evidence leans up · 85% evidence 62.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.1/35 · Revenue 1.6% · Profit -60.5% · Operating margin change 0 points · 95% evidence Capital efficiency 15.2/25 · ROCE 15.3% · Operating margin 3% · 76% evidence Valuation 12.8/20 · P/E 32.5× · PEG 0.7 · 65% evidence Relative strength 17.8/20 · Lead over its industry 6.2% · Lead over S&P 500 1.4% · 1 year 5.3% · 100% evidence · 4 of 12 weeks ahead Exact sum: 17.1 + 15.2 + 12.8 + 17.8 = 62.9 · What this means: Relative strength against the index is 1.4%, and revenue and profit growth are weak. 2. [Yesway, Inc.](https://www.sectoralpha.in/us/stocks/yswy) YSWY · turning · Too little evidence to rank firmly · 51% evidence 59.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 31.4/43.75 · Revenue 17.9% · Profit 100% · Operating margin change -0.2 points · 83% evidence Capital efficiency 14.8/31.25 · ROCE 8.9% · Operating margin 5.8% · 76% evidence Valuation 13.6/25 · P/E 7× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 31.4 + 14.8 + 13.6 = 59.8 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Grocery Outlet Holding Corp.](https://www.sectoralpha.in/us/stocks/go) GO · breaking out · Too little evidence to rank firmly · 58% evidence 52.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.6/35 · Revenue n/a · Profit n/a · Operating margin change -0.3 points · 45% evidence Capital efficiency 5.4/25 · ROCE 2.7% · Operating margin 1.8% · 76% evidence Valuation 11.2/20 · P/E -2.7× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 29% · Lead over S&P 500 24.2% · 1 year 5.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.6 + 5.4 + 11.2 + 20 = 52.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Weis Markets, Inc.](https://www.sectoralpha.in/us/stocks/wmk) WMK · turning · Evidence leans down · 71% evidence 49.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Revenue 4.7% · Profit -4.9% · Operating margin change -0.2 points · 83% evidence Capital efficiency 10.1/25 · ROCE 7.2% · Operating margin 2.3% · 76% evidence Valuation 9.2/20 · P/E 20.3× · PEG n/a · 15% evidence Relative strength 11.9/20 · Lead over its industry 3.1% · Lead over S&P 500 -1.1% · 1 year 15.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.9 + 10.1 + 9.2 + 11.9 = 49.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Natural Grocers by Vitamin Cottage, Inc. this page NGVC · turning · Evidence leans down · 81% evidence 48.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.6/35 · Revenue 2% · Profit 6.8% · Operating margin change -0.8 points · 83% evidence Capital efficiency 15.2/25 · ROCE 11.6% · Operating margin 3.9% · 76% evidence Valuation 9.6/20 · P/E 15× · PEG 1.57 · 65% evidence Relative strength 8.8/20 · Lead over its industry -1.8% · Lead over S&P 500 -5.8% · 1 year -11.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.6 + 15.2 + 9.6 + 8.8 = 48.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Ingles Markets, Incorporated](https://www.sectoralpha.in/us/stocks/imkta) IMKTA · quiet · Evidence leans down · 81% evidence 46.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 1% · Profit 82.5% · Operating margin change -0.7 points · 83% evidence Capital efficiency 7.8/25 · ROCE 6.4% · Operating margin 2.1% · 76% evidence Valuation 14.5/20 · P/E 16.3× · PEG 0.68 · 65% evidence Relative strength 6.4/20 · Lead over its industry -0.8% · Lead over S&P 500 -5% · 1 year 13.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.2 + 7.8 + 14.5 + 6.4 = 46.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Village Super Market, Inc.](https://www.sectoralpha.in/us/stocks/vlgea) VLGEA · quiet · Evidence leans down · 85% evidence 43.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.5/35 · Revenue 3.7% · Profit -5.6% · Operating margin change -0.6 points · 95% evidence Capital efficiency 10.4/25 · ROCE 7.6% · Operating margin 2.8% · 76% evidence Valuation 12.3/20 · P/E 12.4× · PEG 1.11 · 65% evidence Relative strength 8.8/20 · Lead over its industry 0.8% · Lead over S&P 500 -3.3% · 1 year 27.7% · 100% evidence · 2 of 12 weeks ahead Exact sum: 11.5 + 10.4 + 12.3 + 8.8 = 43 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Sprouts Farmers Market, Inc.](https://www.sectoralpha.in/us/stocks/sfm) SFM · quiet · Evidence leans down · 81% evidence 40.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.1/35 · Revenue 7.2% · Profit 3.5% · Operating margin change -0.6 points · 83% evidence Capital efficiency 19.7/25 · ROCE 18.8% · Operating margin 7.5% · 76% evidence Valuation 6.9/20 · P/E 15.4× · PEG 2.01 · 65% evidence Relative strength 0.0/20 · Lead over its industry -32.1% · Lead over S&P 500 -35% · 1 year -33.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.1 + 19.7 + 6.9 + 0 = 40.7 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 9. [Albertsons Companies, Inc.](https://www.sectoralpha.in/us/stocks/aci) ACI · turning · Evidence leans down · 75% evidence 37.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.1/35 · Revenue 2.3% · Profit -105.2% · Operating margin change -0.4 points · 95% evidence Capital efficiency 10.2/25 · ROCE 8.4% · Operating margin 1.7% · 76% evidence Valuation 11.5/20 · P/E -114.3× · PEG n/a · 15% evidence Relative strength 6.2/20 · Lead over its industry -14.5% · Lead over S&P 500 -18.5% · 1 year -25.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 9.1 + 10.2 + 11.5 + 6.2 = 37 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Krispy Kreme, Inc.](https://www.sectoralpha.in/us/stocks/dnut) DNUT · turning · Evidence leans down · 64% evidence 35.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.9/35 · Revenue -4.8% · Profit n/a · Operating margin change 5.3 points · 62% evidence Capital efficiency 3.0/25 · ROCE -1.2% · Operating margin -2% · 76% evidence Valuation 8.5/20 · P/E 65.8× · PEG n/a · 15% evidence Relative strength 5.3/20 · Lead over its industry -7.4% · Lead over S&P 500 -11.4% · 1 year -21.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 18.9 + 3 + 8.5 + 5.3 = 35.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Grocery Stores](https://www.sectoralpha.in/us/sectors/grocery-stores), all 10 compared on one page. ## Which companies are close to Natural Grocers by Vitamin Cottage in size? Natural Grocers by Vitamin Cottage is the 8th largest of 11 Grocery Stores companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Ingles Markets, Incorporated, Yesway, Inc. and Grocery Outlet Holding Corp. Just below it: Village Super Market, Inc., Krispy Kreme, Inc. and Dingdong (Cayman). ### Grocery Stores companies close in size

1. [Ingles Markets, Incorporated](https://www.sectoralpha.in/us/stocks/imkta) $1.6 billion
2. [Yesway, Inc.](https://www.sectoralpha.in/us/stocks/yswy) $1.6 billion
3. [Grocery Outlet Holding Corp.](https://www.sectoralpha.in/us/stocks/go) $1.3 billion
4. Natural Grocers by Vitamin Cottage, Inc. $644 million
5. [Village Super Market, Inc.](https://www.sectoralpha.in/us/stocks/vlgea) $618 million
6. [Krispy Kreme, Inc.](https://www.sectoralpha.in/us/stocks/dnut) $567 million
7. [Dingdong (Cayman) Limited](https://www.sectoralpha.in/us/stocks/ddl) $404 million

[All 11 Grocery Stores companies, largest first](https://www.sectoralpha.in/us/sectors/grocery-stores#all-companies)

### Companies close in size in other industries

1. [Red Cat Holdings, Inc.](https://www.sectoralpha.in/us/stocks/rcat) $680 million · Aerospace & Defense
2. [Third Coast Bancshares, Inc.](https://www.sectoralpha.in/us/stocks/tcbx) $678 million · Banks - Regional
3. Natural Grocers by Vitamin Cottage, Inc. $677 million
4. [The Elmet Group Co.](https://www.sectoralpha.in/us/stocks/elmt) $674 million · Aerospace & Defense
5. [Sabre Corporation](https://www.sectoralpha.in/us/stocks/sabr) $674 million · Software - Infrastructure

## What else do people ask about Natural Grocers by Vitamin Cottage? ### What were Natural Grocers by Vitamin Cottage's latest quarterly results? Natural Grocers by Vitamin Cottage, Inc. reported revenue of $335 M and net profit of $11.1 M for the Jun 2026 quarter. Revenue rose 1.8% and profit fell 4.6% compared with a year earlier. Earnings per share were $0.48 (as of 3 November 2026). ### What is Natural Grocers by Vitamin Cottage's market cap? Natural Grocers by Vitamin Cottage, Inc.'s market capitalisation is $644 M at a stock price of $27.94. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Natural Grocers by Vitamin Cottage performing? Natural Grocers by Vitamin Cottage, Inc.'s latest readings are below. In its latest quarter, revenue rose 1.8% and profit fell 4.6% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 1 week running (as of 3 November 2026). ### Will Natural Grocers by Vitamin Cottage's stock price go up? This page does not forecast Natural Grocers by Vitamin Cottage, Inc.'s stock price. What it shows instead: the stock price is $27.94. Its P/E of 13.6× is higher than 37% of its own last 1 years (as of 3 November 2026). ### Is Natural Grocers by Vitamin Cottage's profit real cash? Yes, over the last 3 years, 187% of Natural Grocers by Vitamin Cottage, Inc.'s reported profit came in as cash from operations. The latest year was lower at 119%, so the trend is worth watching. In FY25, operating cash was $55.3 M against reported profit of $46.4 M. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Natural Grocers by Vitamin Cottage in its business cycle? Natural Grocers by Vitamin Cottage, Inc.'s FY25 operating margin was 4.7%, against a 5-year range of 2.8% to 4.7%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 3.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Natural Grocers by Vitamin Cottage story? The main question: yearly earnings per share moved +36.1% while the share price moved −12.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Natural Grocers by Vitamin Cottage a stock worth studying right now? What the numbers show: Natural Grocers by Vitamin Cottage, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.