NGVCNatural Grocers by Vitamin Cottage, Inc.
Retail-Grocery Stores
- Revenue
- $1.3B
- 7.2% YoY
- Operating margin
- 4.7%
- 23% YoY
- EBITDA
- $94M
- 20% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.1×
- −$9M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear119% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear20% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.1B | $1.2B | $1.3B | 7.2% |
| Operating income | $28M | $30M | $32M | $47M | $62M | 32% |
| Net income | $21M | $21M | $23M | $34M | $46M | 37% |
| Operating cash flow | $54M | $40M | $65M | $74M | $55M | 25% |
| Capex | $26M | $28M | $37M | $38M | $31M | 17% |
| Stock-based comp | $877K | $1M | $1M | $3M | $4M | 40% |
| Buybacks | $0 | $0 | $181K | $0 | $0 | |
| Dividends | $51M | $9M | $9M | $32M | $11M | 65% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.