Financials in USD. Standardized financial statements.
A compact view of how Natural Grocers by Vitamin Cottage, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $1.33B | $1.24B | $1.14B | $1.09B | $1.06B | $1.04B | $903.58M | $849.04M | $769.03M | $705.50M |
| Revenue Growth? | +7.2% | +8.9% | +4.7% | +3.2% | +1.8% | +14.7% | +6.4% | +10.4% | +9.0% | 0.0% |
| Cost of Revenue? | $932.96M | $876.77M | $813.64M | $784.74M | $763.33M | $753.70M | $664.83M | $623.47M | $556.69M | $503.73M |
| Gross Profit? | $397.88M | $364.81M | $326.93M | $304.88M | $292.19M | $283.14M | $238.75M | $225.57M | $212.34M | $201.77M |
| Gross Margin? | +29.9% | +29.4% | +28.7% | +28.0% | +27.7% | +27.3% | +26.4% | +26.6% | +27.6% | +28.6% |
| Operating Expenses? | $335.89M | $317.83M | $295.26M | $274.73M | $263.86M | $255.39M | $221.99M | $210.52M | $198.24M | $181.39M |
| Operating Income? | $61.99M | $46.98M | $31.67M | $30.16M | $28.33M | $27.75M | $16.77M | $15.05M | $14.10M | $20.38M |
| EBITDA? | $93.80M | $77.91M | $62.08M | $58.76M | $58.76M | $59.74M | $46.24M | $15.05M | $14.10M | $20.38M |
| Income Before Tax | $58.93M | $42.80M | $28.37M | $27.78M | $26.06M | $25.70M | $11.81M | $10.49M | $10.30M | $17.34M |
| Income Tax Expense | $12.48M | $8.87M | $5.13M | $6.42M | $5.47M | $5.69M | $2.40M | -$2.17M | $3.41M | $5.86M |
| Net Income? | $46.44M | $33.94M | $23.24M | $21.36M | $20.58M | $20.01M | $9.42M | $12.66M | $6.89M | $11.47M |
| EPS? | $2.02 | $1.49 | $1.02 | $0.94 | $0.91 | $0.89 | $0.42 | $0.57 | $0.31 | $0.51 |
| Diluted EPS? | $2.00 | $1.47 | $1.02 | $0.94 | $0.91 | $0.89 | $0.42 | $0.56 | $0.31 | $0.51 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality