Natural Grocers by Vitamin Cottage, Inc. | Small-cap | Consumer Defensive
$36.63
1.61%
| Natural Grocers by Stock Comparison:
Natural Grocers by vs KrogerNatural Grocers by vs Sprouts FarmersNatural Grocers by vs Weis MarketsNatural Grocers by vs Grocery OutletNatural Grocers by vs Village SuperNatural Grocers by vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 335.8M
Gross Profit 101.7M 30.30%
Operating Income 18.0M 5.35%
Net Income 13.1M 3.90%
EPS (Diluted) $0.56

Balance Sheet Metrics

Total Assets 664.6M
Total Liabilities 471.6M
Shareholders Equity 193.0M
Debt to Equity 2.44

Cash Flow Metrics

Operating Cash Flow 34.9M
Free Cash Flow 27.5M

Revenue & Profitability Trend

Natural Grocers by Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i1.2B1.1B1.1B1.1B1.0B
Cost of Goods Sold i876.8M813.6M784.7M763.3M753.7M
Gross Profit i364.8M326.9M304.9M292.2M283.1M
Gross Margin % i29.4%28.7%28.0%27.7%27.3%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i38.7M36.0M31.6M28.4M26.8M
Other Operating Expenses i277.4M257.3M242.1M234.6M227.1M
Total Operating Expenses i316.1M293.3M273.6M262.9M253.8M
Operating Income i48.7M33.7M31.3M29.2M29.3M
Operating Margin % i3.9%3.0%2.9%2.8%2.8%
Non-Operating Items
Interest Income i-----
Interest Expense i4.2M3.3M2.4M2.3M2.0M
Other Non-Operating Income-1.7M-2.0M-1.1M-920.0K-1.5M
Pre-tax Income i42.8M28.4M27.8M26.1M25.7M
Income Tax i8.9M5.1M6.4M5.5M5.7M
Effective Tax Rate % i20.7%18.1%23.1%21.0%22.1%
Net Income i33.9M23.2M21.4M20.6M20.0M
Net Margin % i2.7%2.0%2.0%1.9%1.9%
Key Metrics
EBITDA i79.6M62.6M59.2M58.9M60.5M
EPS (Basic) i$1.49$1.02$0.94$0.91$0.89
EPS (Diluted) i$1.47$1.02$0.94$0.91$0.89
Basic Shares Outstanding i2277482522725088226667732259181622501779
Diluted Shares Outstanding i2277482522725088226667732259181622501779

Income Statement Trend

Natural Grocers by Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i8.9M18.3M12.0M23.7M28.5M
Short-term Investments i-----
Accounts Receivable i12.6M10.8M10.5M8.5M8.5M
Inventory i120.7M119.3M113.8M100.5M100.2M
Other Current Assets4.9M4.2M4.4M2.9M6.2M
Total Current Assets i147.1M152.6M140.7M135.6M143.4M
Non-Current Assets
Property, Plant & Equipment i315.9M333.1M350.7M355.8M379.3M
Goodwill i18.9M19.3M19.3M17.0M15.7M
Intangible Assets i8.5M8.9M8.9M6.6M5.3M
Long-term Investments-----
Other Non-Current Assets129.0K209.0K489.0K589.0K647.0K
Total Non-Current Assets i508.4M516.6M522.4M519.5M538.4M
Total Assets i655.5M669.2M663.1M655.1M681.8M
Liabilities
Current Liabilities
Accounts Payable i88.4M80.7M71.3M68.9M69.2M
Short-term Debt i39.9M40.3M39.7M38.2M35.0M
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i164.1M154.0M137.7M133.8M129.2M
Non-Current Liabilities
Long-term Debt i306.6M329.9M353.7M363.3M365.1M
Deferred Tax Liabilities i10.5M14.4M15.9M15.3M14.4M
Other Non-Current Liabilities-----
Total Non-Current Liabilities i317.1M344.3M369.6M378.6M379.6M
Total Liabilities i481.2M498.3M507.3M512.3M508.7M
Equity
Common Stock i23.0K23.0K23.0K23.0K23.0K
Retained Earnings i113.9M111.9M97.7M85.4M116.3M
Treasury Stock i066.0K0-0
Other Equity-----
Total Shareholders Equity i174.3M170.8M155.8M142.7M173.1M
Key Metrics
Total Debt i346.5M370.2M393.4M401.5M400.1M
Working Capital i-17.1M-1.5M2.9M1.9M14.3M

Balance Sheet Composition

Natural Grocers by Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i33.9M23.2M21.4M20.6M20.0M
Depreciation & Amortization i30.9M28.9M27.9M29.6M31.2M
Stock-Based Compensation i2.8M1.4M1.2M877.0K1.1M
Working Capital Changes i6.3M4.7M-13.5M-916.0K34.9M
Operating Cash Flow i69.9M56.8M37.6M51.1M91.0M
Investing Activities
Capital Expenditures i-37.5M-36.5M-28.0M-26.3M-26.8M
Acquisitions i-----
Investment Purchases i-----
Investment Sales i-----
Investing Cash Flow i-37.5M-36.4M-27.7M-25.8M-26.7M
Financing Activities
Share Repurchases i0-181.0K000
Dividends Paid i-31.9M-9.1M-9.1M-51.5M-6.3M
Debt Issuance i-0035.0M0
Debt Repayment i-615.5M-541.9M-139.7M-80.0M-244.1M
Financing Cash Flow i-648.8M-551.5M-149.2M-96.9M-256.4M
Free Cash Flow i35.1M26.5M8.2M25.6M36.9M
Net Change in Cash i-616.4M-531.1M-139.4M-71.6M-192.2M

Cash Flow Trend

Natural Grocers by Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 19.90
Forward P/E 45.62
Price to Book 4.24
Price to Sales 0.65
PEG Ratio 0.72

Profitability Ratios

Profit Margin 3.31%
Operating Margin 4.74%
Return on Equity 23.58%
Return on Assets 5.72%

Financial Health

Current Ratio 1.02
Debt to Equity 165.20
Beta 1.42

Per Share Data

EPS (TTM) $1.88
Book Value per Share $8.82
Revenue per Share $57.53

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
ngvc858.7M19.904.2423.58%3.31%165.20
Kroger 50.2B17.335.5325.05%1.86%271.40
Sprouts Farmers 13.3B28.049.8036.94%5.77%129.44
Weis Markets 1.8B17.631.327.86%2.22%12.72
Grocery Outlet 1.7B208.881.380.68%0.18%148.47
Village Super 580.5M10.351.2112.29%2.45%72.49

Financial data is updated regularly. All figures are in the company's reporting currency.