Natural Grocers by Vitamin Cottage, Inc.

NGVC

NGVCNatural Grocers by Vitamin Cottage, Inc. US flag

New York Stock Exchange

30.01

USD

+0.66

- -

691.45MMarket Cap

Income Statement (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Sales/Revenue/Turnover	265	336	431	521	625	705	769	849	904	1,037	1,056	1,090	1,141	1,242	1,331
+ Sales & Services Revenue	265	336	431	521	625	705	769	849	904	1,037	1,056	1,090	1,141	1,242	1,331
- Cost of Revenue	187	237	305	369	443	504	557	623	665	754	763	785	814	877	933
+ Cost of Goods & Services	187	237	305	369	443	504	557	623	665	754	763	785	814	877	933
Gross Profit	77	99	126	152	182	202	212	226	239	283	292	305	327	365	398
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	68	85	103	123	150	175	194	208	221	254	263	274	293	316	335
+ Selling, General & Admin	10	13	13	15	18	19	20	22	23	27	28	32	34	37	41
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	58	72	90	109	132	156	174	187	198	227	235	242	259	279	293
Operating Income (Loss)	9	14	22	28	32	26	18	17	18	29	29	31	34	49	63
- Non-Operating (Income) Loss	3	3	5	6	7	9	8	7	6	4	3	3	5	6	4
+ Interest Expense, Net	1	1	2	2	3	3	4	5	5	2	2	2	3	4	3
+ Interest Expense	1	1	2	2	3	3	4	5	5	2	2	2	3	4	3
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	2	2	3	4	4	6	4	2	1	2	1	1	2	2	1
Pretax Income	7	11	17	22	26	17	10	10	12	26	26	28	28	43	59
- Income Tax Expense (Benefit)	2	4	6	8	9	6	3	-2	2	6	5	6	5	9	12
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	5	7	11	13	16	11	7	13	9	20	21	21	23	34	46
- Net Extraordinary Losses (Gains)	2	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	2	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	2	6	11	13	16	11	7	13	9	20	21	21	23	34	46
- Minority Interest	-1	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	4	7	11	13	16	11	7	13	9	20	21	21	23	34	46
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	4	7	11	13	16	11	7	13	9	20	21	21	23	34	46
EBIT	9	14	22	28	32	26	18	17	18	29	29	31	34	49	63
EBITDA	17	24	36	45	54	52	47	47	47	60	59	59	63	80	95
EBITDA Margin (%)	6.48	7.19	8.32	8.69	8.61	7.36	6.16	5.51	5.21	5.83	5.58	5.43	5.49	6.41	7.13
EBITA	9	14	22	28	32	26	18	17	18	29	29	31	34	49	63
Gross Margin (%)	29.25	29.45	29.2	29.1	29.15	28.6	27.61	26.57	26.42	27.31	27.68	27.98	28.66	29.38	29.9
Operating Margin (%)	3.54	4.21	5.18	5.38	5.19	3.74	2.33	2.04	2.01	2.83	2.77	2.87	2.95	3.92	4.74
Profit Margin (%)	1.32	1.98	2.45	2.59	2.59	1.63	0.9	1.49	1.04	1.93	1.95	1.96	2.04	2.73	3.49
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.28	2.28	0.4	0.4	1.4	0.48
Depreciation Expense	8	10	14	17	21	26	30	29	29	31	30	28	29	31	32
Basic Weighted Avg Shares	22	22	22	22	22	22	22	22	22	23	23	23	23	23	23
Basic EPS, GAAP	0.16	0.3	0.47	0.6	0.72	0.51	0.31	0.57	0.42	0.89	0.91	0.94	1.02	1.49	2.02
Basic EPS from Cont Ops	0.21	0.33	0.47	0.6	0.72	0.51	0.31	0.57	0.42	0.89	0.91	0.94	1.02	1.49	2.02
Diluted Weighted Avg Shares	22	22	22	22	23	23	22	22	23	23	23	23	23	23	23
Diluted EPS, GAAP	0.16	0.3	0.47	0.6	0.72	0.51	0.31	0.56	0.42	0.89	0.91	0.94	1.02	1.47	2
Diluted EPS from Cont Ops	0.21	0.33	0.47	0.6	0.72	0.51	0.31	0.56	0.42	0.89	0.91	0.94	1.02	1.47	2

Balance Sheet (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Total Current Assets	35	59	60	67	82	97	108	111	115	143	136	141	153	147	168
+ Cash, Cash Equivalents & STI	- -	18	9	5	3	4	7	9	6	29	24	12	18	9	17
+ Cash & Cash Equivalents	- -	17	8	5	3	4	7	9	6	29	24	12	18	9	17
+ ST Investments	- -	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	4	2	2	2	3	4	5	5	5	9	8	10	11	13	12
+ Accounts Receivable, Net	2	2	2	2	3	4	5	5	5	9	8	10	11	13	12
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	30	38	45	58	75	86	94	94	96	100	101	114	119	121	133
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	38	45	58	75	86	94	94	96	100	101	114	119	121	133
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	30	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	1	3	1	2	3	3	3	8	6	3	4	4	5	6
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	44	67	100	122	152	185	192	196	212	538	519	522	517	508	502
+ Property, Plant & Equip, Net	42	65	99	120	145	178	184	189	202	527	507	508	502	494	485
+ Property, Plant & Equip	73	104	151	189	236	293	328	353	388	733	731	751	762	774	783
- Accumulated Depreciation	31	39	52	69	90	114	143	165	187	206	224	244	260	280	298
+ LT Investments & Receivables	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2	1	1	2	6	7	7	7	10	11	12	15	15	14	17
+ Total Intangible Assets	1	1	1	1	6	6	6	6	9	10	12	14	14	14	17
+ Goodwill	1	1	1	1	5	5	5	5	5	5	5	5	5	5	5
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	3	5	7	9	9	8	12
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	- -	- -	1	1	1	2	2	2	1	1	- -	- -	- -	- -
Total Assets	79	126	160	189	234	282	300	307	327	682	655	663	669	655	671
+ Payables & Accruals	19	33	38	49	69	65	70	78	81	92	93	96	112	122	116
+ Accounts Payable	16	26	29	34	50	54	57	61	63	69	69	71	81	88	81
+ Accrued Taxes	2	2	3	8	10	6	6	7	8	8	8	8	10	10	10
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	5	6	7	9	6	7	9	10	15	16	17	21	24	25
+ ST Debt	12	- -	- -	- -	- -	- -	1	1	1	35	38	40	40	40	41
+ ST Borrowings	12	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	1	1	1	35	36	38	39	40	41
+ Other ST Liabilities	4	1	1	1	1	1	1	1	1	2	2	2	2	2	2
+ Deferred Revenue	- -	1	1	1	1	1	1	1	1	2	2	2	2	2	2
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	34	34	38	50	70	67	72	80	83	129	134	138	154	164	159
+ LT Debt	16	6	20	22	27	59	61	54	57	365	363	354	330	307	291
+ LT Borrowings	16	- -	- -	- -	- -	27	28	13	6	- -	22	14	6	- -	- -
+ LT Finance Leases	- -	6	20	22	27	31	33	40	51	365	341	340	324	307	291
+ Other LT Liabilities	13	13	17	18	21	30	33	27	30	14	15	16	14	10	8
+ Accrued Liabilities	8	8	12	11	13	22	24	18	22	14	15	16	14	10	8
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	6	5	6	7	8	8	9	9	8	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	29	19	37	40	49	89	95	81	87	380	379	370	344	317	299
Total Liabilities	63	53	75	90	118	156	166	160	170	509	512	507	498	481	458
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	1	53	54	55	55	55	56	56	56	57	57	58	59	60	63
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	1	53	54	55	55	55	56	56	56	57	57	58	59	60	63
- Treasury Stock	- -	- -	- -	- -	- -	1	1	1	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	14	20	31	44	60	72	79	92	101	116	85	98	112	114	149
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	14	73	85	99	115	127	134	147	157	173	143	156	171	174	212
+ Minority/Non Controlling Interest	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	16	73	85	99	115	127	134	147	157	173	143	156	171	174	212
Total Liabilities & Equity	79	126	160	189	234	282	300	307	327	682	655	663	669	655	671
Shares Outstanding	22	22	22	22	22	22	22	22	22	23	23	23	23	23	23
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	6	20	22	28	32	33	41	53	400	378	378	362	347	332
Net Debt	27	-17	-8	-5	-3	23	22	4	-1	-29	- -	4	-11	-9	-17
Net Debt to Equity	168.64	-23.32	-9.62	-5.17	-2.52	18.47	16.34	2.59	-0.33	-16.49	0.01	2.34	-6.24	-5.09	-8.06
Tangible Common Equity Ratio	19.16	57.74	52.6	52.08	48.12	43.78	43.57	46.8	46.55	24.22	20.36	21.83	23.92	25.02	29.91
Current Ratio	1.03	1.73	1.56	1.35	1.18	1.46	1.51	1.39	1.38	1.11	1.01	1.02	0.99	0.9	1.06
Cash Conversion Cycle	29.23	22.6	19.43	22.96	23.01	23.36	25.29	22.55	20.23	18.06	17.93	20.95	21.82	18.25	20.28

Cash Flow Statement (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

+ Net Income	5	7	11	13	16	11	7	13	9	20	21	21	23	34	46
+ Depreciation & Amortization	8	10	14	17	21	26	30	29	29	31	30	28	29	31	32
+ Non-Cash Items	4	3	3	-1	1	8	1	-5	5	5	3	5	2	1	1
+ Stock-Based Compensation	- -	1	1	1	1	1	1	1	1	1	1	1	1	3	4
+ Deferred Income Taxes	4	3	2	-1	1	7	- -	-6	4	4	1	1	-1	-4	-3
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	1	- -	1	1	3	1	2	- -
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Chg in Non-Cash Work Cap	- -	5	-1	2	2	-16	3	5	-6	10	1	-14	11	8	-24
+ (Inc) Dec in Accts Receiv	-1	2	-1	1	- -	-3	- -	1	-5	-1	3	-4	1	-2	-1
+ (Inc) Dec in Inventories	-4	-8	-8	-13	-16	-12	-7	-1	-2	-4	- -	-13	-6	-1	-12
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	-1	-1	-1	-1	- -	- -	-1	- -	-1	- -	-1	-6
+ Inc (Dec) in Accts Payable	3	9	7	12	17	-4	9	5	2	16	-1	1	17	13	-5
+ Inc (Dec) in Other	2	1	1	3	2	3	3	- -	-1	- -	-1	3	-1	-1	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	17	25	26	32	41	29	41	43	37	67	54	40	65	74	55
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	1	5	- -	- -	- -	3	- -	1	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	1	5	- -	- -	- -	3	- -	1	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-20	-25	-40	-37	-37	-54	-41	-24	-33	-30	-28	-31	-38	-39	-31
+ Acq of Fixed Prod Assets	-20	-25	-40	-37	-37	-54	-41	-24	-30	-27	-26	-28	-37	-38	-31
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	-3	-3	-2	-3	-2	-1	- -
+ Cash (Repurchase) of Equity	- -	58	- -	- -	- -	-1	- -	-1	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	58	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-1	- -	-1	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	-2	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	-2	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	-6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	-6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-21	-26	-35	-35	-42	-54	-38	-24	-32	-30	-28	-31	-38	-39	-31
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6	-51	-9	-9	-32	-11
+ Net Cash From Debt	11	-28	- -	46	203	262	292	360	-8	-8	21	-11	-11	-11	-4
+ Cash From Debt	12	- -	- -	93	406	469	584	752	406	236	101	129	531	604	666
+ Repayments of Debt	-1	-28	- -	-47	-203	-208	-291	-392	-414	-244	-80	-140	-542	-615	-670
+ Other Financing Activities	-7	-13	- -	-46	-203	-235	-292	-376	- -	- -	- -	- -	- -	-1	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	4	17	- -	- -	-1	26	- -	-16	-9	-15	-31	-20	-20	-45	-16
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	17	-9	-3	-2	1	3	3	-3	22	-5	-12	6	-9	8
EBITDA	17	24	36	45	54	52	47	47	47	60	59	59	63	80	95
EBITDA Margin (%)	6.48	7.19	8.32	8.69	8.61	7.36	6.16	5.51	5.21	5.83	5.58	5.43	5.49	6.41	7.13
Free Cash Flow	-4	- -	-14	-5	4	-25	- -	19	5	37	26	8	27	35	24
Net Cash Paid for Acquisitions	- -	- -	- -	- -	6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	-3	- -	-13	-3	6	-23	2	- -	9	39	27	10	29	38	26
Free Cash Flow to Equity	7	-28	-9	41	207	237	295	379	- -	32	48	1	17	25	20
Free Cash Flow per Basic Share	-0.17	- -	-0.62	-0.21	0.19	-1.11	-0.02	0.86	0.21	1.64	1.13	0.36	1.17	1.54	1.04
Price/Free Cash Flow	- -	9.94	13.62	5.36	6.57	3.04	1.53	5.69	3.21	2.32	3.1	3.46	2.87	6.1	10.73
Cash Flow to Net Income	4.78	3.79	2.44	2.36	2.53	2.51	5.93	3.39	3.97	3.32	2.62	1.86	2.78	2.17	1.19
Capital Expenditures	-20	-25	-40	-37	-37	-54	-41	-24	-33	-30	-28	-31	-38	-39	-31