NGVC

Company Overview — What Does Natural Grocers by Vitamin Cottage, Inc. Do?

Natural Grocers by Vitamin Cottage, Inc., together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; bulk food products; private label products comprising pasta, pasta sauce, ketchup, canned beans and vegetables, frozen vegetables, frozen fruits, frozen meals, frozen pizza, bread, baking mixes, plant based butter, olive and coconut oil, coconut milk, honey, maple syrup, preserves, chocolate, coffee, bacon, beef jerky, canned seafood, popcorn, tortilla chips, taco shells, eggs, cheese, apple sauce, apple cider vinegar, spring water, paper products, cleaning products, and other products; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products. Its stores also provide private label dietary supplements; body care products consisting of cosmetics, skin care, hair care, fragrance, and personal care products containing natural and organic ingredients; pet care and food products; books and handouts; and household and general merchandise, including cleaning supplies, paper products, and dish and laundry soaps, as well as other common household products, such as diapers. The company operates its retail stores under the Natural Grocers by Vitamin Cottage trademark. As of February 1, 2022, it operated 162 stores in 20 states. The company also offers science-based nutrition education programs to help customers make informed health and nutrition choices. Natural Grocers by Vitamin Cottage, Inc. was founded in 1955 and is headquartered in Lakewood, Colorado. Natural Grocers by Vitamin Cottage, Inc. (NGVC) is classified as a small-cap stock in the Consumer Discretionary sector, specifically within the Retail industry. The company is led by CEO Kemper Isely and employs approximately 4,170 people, headquartered in LAKEWOOD, Colorado. With a market capitalization of $598M, NGVC is one of the notable companies in the Consumer Discretionary sector.

Natural Grocers by Vitamin Cottage, Inc. (NGVC) Stock Rating — Hold (April 2026)

As of April 2026, Natural Grocers by Vitamin Cottage, Inc. receives a Hold rating with a composite score of 38.8/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.NGVC ranks #1,680 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, Natural Grocers by Vitamin Cottage, Inc. ranks #145 of 442 stocks, placing it in the upper half of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

NGVC Stock Price and 52-Week Range

Natural Grocers by Vitamin Cottage, Inc. (NGVC) currently trades at $26.46. The stock lost $0.14 (0.5%) in the most recent trading session. The 52-week high for NGVC is $61.22, which means the stock is currently trading -56.8% from its annual peak. The 52-week low is $23.47, putting the stock 12.7% above its annual trough. Recent trading volume was 77K shares, suggesting relatively thin trading activity.

Is NGVC Overvalued or Undervalued? — Valuation Analysis

Natural Grocers by Vitamin Cottage, Inc. (NGVC) carries a value factor score of 49/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 13.52x, compared to the Consumer Discretionary sector average of 24.47x — a discount of 45%. The price-to-book ratio stands at 2.78x, versus the sector average of 1.99x. The price-to-sales ratio is 0.47x, compared to 0.27x for the average Consumer Discretionary stock. On an enterprise value basis, NGVC trades at 10.09x EV/EBITDA, versus 4.91x for the sector.

Overall, NGVC's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

Natural Grocers by Vitamin Cottage, Inc. Profitability — ROE, Margins, and Quality Score

Natural Grocers by Vitamin Cottage, Inc. (NGVC) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 20.6%, compared to the Consumer Discretionary sector average of 6.2%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 6.8% versus the sector average of 2.5%.

On a margin basis, Natural Grocers by Vitamin Cottage, Inc. reports gross margins of 29.7%, compared to 36.9% for the sector. The operating margin is 4.6% (sector: 3.8%). Net profit margin stands at 3.4%, versus 2.1% for the average Consumer Discretionary stock. Revenue growth is running at 8.9% on a trailing basis, compared to 3.3% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.

NGVC Debt, Balance Sheet, and Financial Health

Natural Grocers by Vitamin Cottage, Inc. has a debt-to-equity ratio of 204.0%, compared to the Consumer Discretionary sector average of 89.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.07x, suggesting adequate working capital coverage.

NGVC has a beta of 0.16, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Natural Grocers by Vitamin Cottage, Inc. is 59/100, reflecting average volatility within the normal range for its sector.

Natural Grocers by Vitamin Cottage, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Natural Grocers by Vitamin Cottage, Inc. reported revenue of $1.31B and earnings per share (EPS) of $0.49. Net income for the quarter was $45M. Gross margin was 29.7%. Operating income came in at $61M.

In Q1 2026, Natural Grocers by Vitamin Cottage, Inc. reported revenue of $336M and earnings per share (EPS) of $0.49. Net income for the quarter was $11M. Gross margin was 29.5%. Operating income came in at $15M.

In FY 2025, Natural Grocers by Vitamin Cottage, Inc. reported revenue of $1.33B and earnings per share (EPS) of $2.02. Net income for the quarter was $46M. Gross margin was 29.9%. Revenue grew 7.2% year-over-year compared to FY 2024. Operating income came in at $62M.

In Q3 2025, Natural Grocers by Vitamin Cottage, Inc. reported revenue of $329M and earnings per share (EPS) of $0.51. Net income for the quarter was $12M. Gross margin was 29.9%. Revenue grew 6.3% year-over-year compared to Q3 2024. Operating income came in at $16M.

Over the past 8 quarters, Natural Grocers by Vitamin Cottage, Inc. has demonstrated a growth trajectory, with revenue expanding from $308M to $1.31B. Investors analyzing NGVC stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

NGVC Dividend Yield and Income Analysis

Natural Grocers by Vitamin Cottage, Inc. (NGVC) currently pays a dividend yield of 1.2%. At this yield, a $10,000 investment in NGVC stock would generate approximately $$117.00 in annual dividend income.

NGVC Momentum and Technical Analysis Profile

Natural Grocers by Vitamin Cottage, Inc. (NGVC) has a momentum factor score of 26/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 29/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 12/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

NGVC vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison

Within the Consumer Discretionary sector, Natural Grocers by Vitamin Cottage, Inc. (NGVC) ranks #145 out of 442 stocks based on the Blank Capital composite score. This places NGVC in the upper half of all Consumer Discretionary stocks in our coverage universe. Key competitors and sector peers include MONARCH CASINO & RESORT INC (MCRI) with a score of 50.5/100, CASEYS GENERAL STORES INC (CASY) with a score of 57.3/100, INGLES MARKETS INC (IMKTA) with a score of 51.0/100, FIVE BELOW, INC (FIVE) with a score of 51.6/100, and TARGET CORP (TGT) with a score of 52.6/100.

Comparing NGVC against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full NGVC vs S&P 500 (SPY) comparison to assess how Natural Grocers by Vitamin Cottage, Inc. stacks up against the broader market across all factor dimensions.

NGVC Next Earnings Date

No upcoming earnings date has been announced for Natural Grocers by Vitamin Cottage, Inc. (NGVC) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy NGVC? — Investment Thesis Summary

Natural Grocers by Vitamin Cottage, Inc. presents a balanced picture with arguments on both sides. Momentum is weak at 26/100, a headwind for near-term performance.

In summary, Natural Grocers by Vitamin Cottage, Inc. (NGVC) earns a Hold rating with a composite score of 38.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on NGVC stock.

Related Resources for NGVC Investors

Explore more research and tools: NGVC vs S&P 500 comparison, top Consumer Discretionary stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare NGVC head-to-head with peers: NGVC vs MCRI, NGVC vs CASY, NGVC vs IMKTA.