# Natural Grocers by Vitamin Cottage, Inc. (NGVC)

> Consumer Defensive · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/NGVC/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 337.38M | $ 13.43M | $ 2.35M | $ 323.07M | $ 230.90M |
| 2025 | $ 1.37B | $ 48.98M | $ 95.36M | $ 324.95M | $ 220.01M |
| 2024 | $ 1.33B | $ 37.96M | $ 24.50M | $ 347.13M | $ 181.88M |
| 2023 | $ 1.26B | $ 28.75M | $ 23.12M | $ 381.73M | $ 153.86M |
| 2022 | $ 1.22B | $ 18.83M | $ 12.82M | $ 384.69M | $ 158.19M |
| 2021 | $ 1.27B | $ 30.74M | $ 28.09M | $ 398.24M | $ 149.55M |
| 2020 | $ 1.37B | $ 27.74M | $ 59.97M | $ 428.88M | $ 130.16M |
| 2019 | $ 1.18B | $ 11.73M | $ 9.28M | $ 414.88M | $ 159.09M |
| 2018 | $ 1.15B | $ 12.78M | $ 11.95M | $ 58.35M | $ 149.17M |
| 2017 | $ 1.06B | $ 13.49M | $ 6.23M | $ 62.32M | $ 138.64M |
| 2016 | $ 992.37M | $ 13.46M | $ -31.93M | $ 58.87M | $ 128.99M |
| 2015 | $ 907.82M | $ 23.01M | $ 5.94M | $ 27.65M | $ 119.46M |
| 2014 | $ 771.48M | $ 19.94M | $ -4.32M | $ 28.37M | $ 102.58M |
| 2013 | $ 647.69M | $ 16.00M | $ -14.05M | $ 19.80M | $ 87.59M |
| 2012 | $ 515.97M | $ 11.38M | $ -9.45M | $ 16.06M | $ 75.18M |
| 2011 | $ 409.55M | $ 5.54M | $ -2.98M | $ 30.73M | $ 15.39M |
| 2010 | $ 91.78M | $ 1.10M | $ -2.53M | N/A | N/A |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 1.40 |
| Liabilities / Eq | 1.97 |
| Current Ratio | 1.05 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 12.77 |
| Gross Debt / FCF | 13.00 |

## Other views

- [Metrics](https://sponda.capital/en/NGVC.md)
- [Charts](https://sponda.capital/en/NGVC/charts.md)
- [Compare](https://sponda.capital/en/NGVC/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.