Touchstone
Last syncOct 31, 2026, 6:54 PM ET

NGVC

Natural Grocers By Vitamin Cottage, Inc. Consumer Staples Retail-Grocery Stores Russell 3000
$28.69Close $658.6MMarket cap $23.33 – $35.1952-week range Nov 19, 2026Next report

Highlights

Strengths

  • Accumulation up-day volume 1.6× down-day volume over 50 sessions

Cautions

  • Not in an uptrend 4 of 8 trend conditions
  • Lagging the market RS 28 · weaker than 72% of stocks over 12 months
  • Earnings shrinking EPS −4% year on year

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Sep 30, 2025 · filed Aug 6, 2026
Off 12-month high 18%
1wk down 8.8% price change
1mo down 5.8% price change
12-month return down 18% market up 11% · its own down 35%
F-score 8 / 9 Exceptional
Altman Z″ 1.93 Moderate risk
P/E 14.2× price / earnings
PEG 0.40 P/E / EPS growth
P/B 3.1× price / book
Earnings yield up 9.7% EBIT / enterprise value
Cheaper than 66% of the market · cheap
Revenue growth up 7% year on year
EPS growth down 4% latest quarter · -7 pts
Sales growth up 2% latest quarter · +1 pts
ROE up 24% return on equity
Free cash margin up 2% $24.1M FCF
D/E 0.00 long-term debt / equity
Net debt / EBITDA -0.2× net cash
Interest cover 20.2×EBIT / interest
Piotroski tests
  • issued more shares
  • profitable on its assets
  • generating cash from operations
  • profitability improving
  • profits backed by cash
  • reduced long-term debt
  • short-term liquidity improved
  • gross margin widened
  • assets working harder

Trade setup

ATR% 4.1% $1.16 a day · 2×ATR $26.36
RS 28 / 99 vs the universe
Trend 4 / 8 trend template
Relative volume 0.6× vs 50-day average
Up/down volume 1.62 50 sessions
Implied move — no option chain · report Nov 19, 2026
Trend template · 4 of 8
  • Price above the 150 and 200-day averages: fails
  • 150-day average above the 200-day: passes
  • 200-day average rising for a month: passes
  • 50-day average above the 150 and 200-day: passes
  • Price above the 50-day average: fails
  • At least 30% above the 52-week low: fails
  • Within 25% of the 52-week high: passes
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

none flagged
  • No restatement or impairment
  • Equity positive
  • Interest covered
  • No material dilution
  • Profits tracking cash
  • Margins and revenue not shrinking
Last reported Aug 6, 2026
Last shock Aug 7, 2026-13% in one session4.6× volumeon results+2% since

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $1.3B +7% on FY2024
$0 $2B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $1.0B FY2021 · $1.1B FY2022 · $1.1B FY2023 · $1.1B FY2024 · $1.2B FY2025 · $1.3B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $46.4M +37% on FY2024
$0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $20.0M FY2021 · $20.6M FY2022 · $21.4M FY2023 · $23.2M FY2024 · $33.9M FY2025 · $46.4M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $24.1M -33% on FY2024
$0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $39.8M FY2021 · $27.5M FY2022 · $11.7M FY2023 · $28.0M FY2024 · $36.2M FY2025 · $24.1M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 30%
  • Net 3%
  • Free cash 2%
0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 27% · Net 2% · Free cash 4% FY2021 · Gross 28% · Net 2% · Free cash 3% FY2022 · Gross 28% · Net 2% · Free cash 1% FY2023 · Gross 29% · Net 2% · Free cash 2% FY2024 · Gross 29% · Net 3% · Free cash 3% FY2025 · Gross 30% · Net 3% · Free cash 2%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $17.1M net cash
  • Cash
  • Long-term debt
$0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $28.5M · Long-term debt $0 FY2021 · Cash $23.7M · Long-term debt $21.9M FY2022 · Cash $12.0M · Long-term debt $13.9M FY2023 · Cash $18.3M · Long-term debt $5.9M FY2024 · Cash $8.9M · Long-term debt $0 FY2025 · Cash $17.1M · Long-term debt $0
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 22.95m +1.8% since FY2020
22.95m 22.55m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 22.55m FY2021 · 22.62m FY2022 · 22.69m FY2023 · 22.89m FY2024 · 22.89m FY2025 · 22.95m
  FY2020Sep 30, 2020 FY2021Sep 30, 2021 FY2022Sep 30, 2022 FY2023Sep 30, 2023 FY2024Sep 30, 2024 FY2025Sep 30, 2025
Revenue $1.0B $1.1B $1.1B $1.1B $1.2B $1.3B
Gross margin 27% 28% 28% 29% 29% 30%
Operating income $27.7M $28.3M $30.2M $31.7M $47.0M $62.0M
Net income $20.0M $20.6M $21.4M $23.2M $33.9M $46.4M
Net margin 2% 2% 2% 2% 3% 3%
Earnings per share $0.89 $0.91 $0.94 $1.02 $1.47 $2.00
Free cash flow $39.8M $27.5M $11.7M $28.0M $36.2M $24.1M
Free cash margin 4% 3% 1% 2% 3% 2%
Cash $28.5M $23.7M $12.0M $18.3M $8.9M $17.1M
Long-term debt $0 $21.9M $13.9M $5.9M $0 $0
Shareholders' equity $173.1M $142.7M $155.8M $170.8M $174.3M $212.4M
Shares outstanding 22.55m 22.62m 22.69m 22.89m 22.89m 22.95m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 6, 2026 Quarterly ↗ Jun 30, 2026 37d
May 7, 2026 Quarterly ↗ Mar 31, 2026 37d
Feb 5, 2026 Quarterly ↗ Dec 31, 2025 36d
Dec 11, 2025 Annual ↗ Sep 30, 2025 72d
Aug 7, 2025 Quarterly ↗ Jun 30, 2025 38d
May 8, 2025 Quarterly ↗ Mar 31, 2025 38d
Feb 6, 2025 Quarterly ↗ Dec 31, 2024 37d
Dec 12, 2024 Annual ↗ Sep 30, 2024 73d
Aug 8, 2024 Quarterly ↗ Jun 30, 2024 39d
May 9, 2024 Quarterly ↗ Mar 31, 2024 39d
Feb 8, 2024 Quarterly ↗ Dec 31, 2023 39d
Dec 7, 2023 Annual ↗ Sep 30, 2023 68d

Current reports

FiledDisclosed
Sep 15, 2026 Shareholder vote ↗
Aug 6, 2026 Results ↗
May 7, 2026 Results ↗
Mar 10, 2026 Shareholder vote ↗
Feb 5, 2026 Results ↗
Nov 20, 2025 Results · Regulation FD · Other events ↗
Oct 29, 2025 Director or officer change ↗
Aug 7, 2025 Results · Regulation FD ↗
May 8, 2025 Results ↗
Mar 11, 2025 Charter or bylaws · Shareholder vote ↗
Feb 6, 2025 Results ↗
Jan 7, 2025 Director or officer change ↗