Natural Grocers by Vitamin Cottage, Inc.(NGVC)Stock Analysis
AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →13F Pro Quality Score
Rank #1,194 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
NGVC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Natural Grocers by Vitamin Cottage, Inc. (NGVC), a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores NGVC at 54.8/100 on a 32-signal composite quality model, placing it at rank #1,194 of 2,879 stocks — the top half of the AI-ranked universe. NGVC scores in the top quartile across earnings quality (81.3), balance sheet strength (79.7). Areas of concern include institutional flow (33.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Natural Grocers by Vitamin Cottage, Inc. reports quarterly revenue of $337.4M, net income of $13.4M, an operating margin of 5.4%. Top institutional holders of NGVC by reported 13-F value include BlackRock,, DIMENSIONAL FUND ADVISORS, MORGAN STANLEY, based on the most recent SEC filings. NGVC trades on the NYSE exchange and files with the SEC under CIK 1547459. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NGVC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Natural Grocers by Vitamin Cottage, Inc. directly from SEC EDGAR. Natural Grocers by Vitamin Cottage, Inc.'s 13F Pro composite quality score has ranged between 8 and 68 since 2021, currently 54.8 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q2 2026
$337.4M
Net Income
Q2 2026
$13.4M
Free Cash Flow
Q2 2026
$2.3M
Operating Margin
Q2 2026
5.4%
D/E Ratio
Q2 2026
0.01
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+7.2% YoYNet Income
+36.9% YoYOperating Income
+32.0% YoYEPS (Diluted)
+36.1% YoYTotal Assets
+2.3% YoYTotal Debt
Op. Cash Flow
-25.0% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $1.33B +7.2% | $1.24B +8.9% | $1.14B +4.7% | $1.09B +3.2% | $1.06B +16.8% | $903.6M |
| Net Income | $46.4M +36.9% | $33.9M +46.0% | $23.2M +8.8% | $21.4M +3.8% | $20.6M +118.6% | $9.4M |
| Operating Income | $62.0M +32.0% | $47.0M +48.3% | $31.7M +5.0% | $30.2M +6.5% | $28.3M +69.0% | $16.8M |
| EPS (Diluted) | $2.00 +36.1% | $1.47 +44.1% | $1.02 +8.5% | $0.94 +3.3% | $0.91 +116.7% | $0.42 |
| Total Assets | $670.5M +2.3% | $655.5M -2.0% | $669.2M +0.9% | $663.1M +1.2% | $655.1M +100.3% | $327.1M |
| Total Debt | $0.00 | $0.00 -100.0% | $7.7M -51.0% | $15.7M -33.8% | $23.7M | — |
| Operating Cash Flow | $55.3M -25.0% | $73.8M +14.2% | $64.6M +62.8% | $39.7M -26.3% | $53.9M +44.1% | $37.4M |
AI Insight: NGVC Financial Trends
NGVC's equity base expanded 37% from Q2 2024 to Q1 2026 as net income and operating cash flow held firm, signaling steady compounding on a near-debt-free balance sheet.
• Revenue grew from $309M in Q2 2024 to $337M in Q1 2026, a modest but consistent upward trajectory.
• Operating income rebounded to $18M in Q1 2026, matching the Q1 2025 peak and recovering from $15M in Q4 2025.
• Equity expanded steadily from $168M in Q2 2024 to $231M in Q1 2026, reflecting retained earnings accumulation.
• Total debt was effectively eliminated by Q1 2025 and remains near zero at $1M in Q1 2026.
⚠ Operating cash flow is volatile — swinging from $3M in Q2 2025 to $34M in Q1 2025 — making FCF consistency hard to assess.
⚠ Net income dipped from $13M in Q1 2025 to $11M in Q4 2025 before recovering; margin sustainability warrants monitoring.
⚠ Revenue has plateaued near $336–$337M for four consecutive quarters, raising questions about top-line growth momentum.
AI Insight: NGVC Ratio Trends
Q1 2026 operating margin hit 5.4% — the highest single quarter in the dataset — while leverage remains near zero.
• Operating margin reached 5.4% in Q1 2026, up from 5.2% in Q1 2025 and well above the 3.7% trough in Q3 2024.
• Net profit margin improved to 4.0% in Q1 2026 from 3.9% in Q1 2025, continuing a year-over-year uptrend.
• ROIC contracted from 36.4% in Q1 2025 to 31.2% in Q1 2026, suggesting some erosion in capital efficiency year-over-year.
• Debt-to-equity remains negligible at 0.01 in Q1 2026, consistent with near-zero leverage throughout the dataset.
⚠ ROIC has declined sequentially for three straight quarters from 36.4% in Q1 2025 to 26.6% in Q4 2025 before partial recovery.
⚠ ROE dropped to 20.6% in Q4 2025 — the lowest in the dataset — before rebounding to 23.3% in Q1 2026; sustainability is unproven.
⚠ Margins show consistent Q1 seasonal peaks; whether Q1 2026 strength persists into Q2–Q4 2026 remains the key test.
Get alerted when NGVC's score changes
Free account: watchlist tracking, the daily AI brief, and the AI screener.
Available Research
13F Pro tracks comprehensive data for Natural Grocers by Vitamin Cottage, Inc. including:
Top Institutional Holders of NGVC
BlackRock, Inc.
$23.9M926,348 shDIMENSIONAL FUND ADVISORS LP
$16.7M644,522 shMORGAN STANLEY
$15.4M595,929 shAMERICAN CENTURY COMPANIES INC
$14.5M562,036 shVANGUARD CAPITAL MANAGEMENT LLC
$14.1M544,994 shTWO SIGMA INVESTMENTS, LP
$10.5M408,012 shRENAISSANCE TECHNOLOGIES LLC
$8.5M327,099 shWELLINGTON MANAGEMENT GROUP LLP
$7.3M283,622 shGEODE CAPITAL MANAGEMENT, LLC
$7.2M279,336 shSTATE STREET CORP
$7.0M271,309 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $23.9M | 926,348 |
| DIMENSIONAL FUND ADVISORS LP | $16.7M | 644,522 |
| MORGAN STANLEY | $15.4M | 595,929 |
| AMERICAN CENTURY COMPANIES INC | $14.5M | 562,036 |
| VANGUARD CAPITAL MANAGEMENT LLC | $14.1M | 544,994 |
| TWO SIGMA INVESTMENTS, LP | $10.5M | 408,012 |
| RENAISSANCE TECHNOLOGIES LLC | $8.5M | 327,099 |
| WELLINGTON MANAGEMENT GROUP LLP | $7.3M | 283,622 |
| GEODE CAPITAL MANAGEMENT, LLC | $7.2M | 279,336 |
| STATE STREET CORP | $7.0M | 271,309 |
More Consumer Staples Companies
View all Consumer Staples →Put NGVC on your watchlist
Track score changes the day Natural Grocers by Vitamin Cottage, Inc. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.
Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).
Popular Research
Is NGVC a good stock to buy?
13F Pro's AI-powered analysis of Natural Grocers by Vitamin Cottage, Inc. (NGVC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Staples sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NGVC are available on the NGVC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NGVC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NGVC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Natural Grocers by Vitamin Cottage, Inc.'s investment landscape.