Natural Grocers by Vitamin Cottage, Inc. (formally called Vitamin Cottage Natural Food Markets and commonly referred to as Vitamin Cottage or Natural Grocers) is a Colorado-based health food chain. The business was founded in 1955 as a door-to-door sales operation by Margaret and Philip Isely. They opened the first Vitamin Cottage store in Lakewood, Colorado, in 1963. After Margaret Isely's death in 1997, the Iselys' children took over the business the following year. Beginning in 2008, the company name was phased to Natural Grocers by Vitamin Cottage to emphasize that groceries, rather than nutritional supplements, formed a majority of its sales. The company made its initial public offering on the New York Stock Exchange in July 2012, raising $107 million.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| NGVC | Natural Grocers by Vitamin Cottage, Inc. | 2025-10-16 16:27:27 | 40.83 | 1.61 | 4.11 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NGVC | 0001547459 | Natural Grocers by Vitamin Cottage, Inc. | US63888U1088 | 529900P4OTXDGBUS3O87 | 841444517 | NYSE | 5411 | Retail-Grocery Stores | 0930 | DE | 12612 W. ALAMEDA PARKWAY | LAKEWOOD | CO | 80228 | UNITED STATES | US | 877-986-4600 | 12612 W. ALAMEDA PARKWAY, LAKEWOOD, CO, 80228 | 12612 W. ALAMEDA PARKWAY, LAKEWOOD, CO, 80228 | — | Grocery store | 1955 | — | — | http://naturalgrocers.com | 167,417,938 | 22,954,109 | 22,954,109 | Natural Grocers by Vitamin Cottage, Inc. (formally called Vitamin Cottage Natural Food Markets and commonly referred to as Vitamin Cottage or Natural Grocers) is a Colorado-based health food chain. The business was founded in 1955 as a door-to-door sales operation by Margaret and Philip Isely. They opened the first Vitamin Cottage store in Lakewood, Colorado, in 1963. After Margaret Isely's death in 1997, the Iselys' children took over the business the following year. Beginning in 2008, the company name was phased to Natural Grocers by Vitamin Cottage to emphasize that groceries, rather than nutritional supplements, formed a majority of its sales. The company made its initial public offering on the New York Stock Exchange in July 2012, raising $107 million. | 2025-10-10 21:19:24 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2024 | 167,417,938 | 58,895,854 | 54.2708 | 22,905,797 | 153,384 | 0.6741 |
| 2023 | 108,522,084 | -81,511,186 | -42.8931 | 22,752,413 | 39,964 | 0.176 |
| 2022 | 190,033,270 | 20,920,908 | 12.371 | 22,712,449 | 68,559 | 0.3028 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Heather Isely | Executive Vice President | 2024 | 540,000 | 365,000 | 0 | — | 14,116 | 919,116 |
| Elizabeth Isely | Executive Vice President | 2024 | 540,000 | 365,000 | 0 | — | 13,228 | 918,228 |
| Kemper Isely | Co-President | 2024 | 619,800 | 0 | 0 | — | 18,221 | 638,021 |
| Zephyr Isely | Co-President | 2024 | 588,000 | 0 | 0 | — | 5,159 | 593,159 |
| Todd Dissinger | Chief Financial Officer | 2024 | 588,500 | 365,000 | 0 | — | 12,354 | 965,854 |
| Fiscal Year | Employee Count |
|---|---|
| 2024 | 3,332 |
| 2023 | 3,235 |
| 2022 | 3,235 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 1,241,585,000 | 1,140,568,000 | 1,089,625,000 |
| Cost Of Revenue | 876,775,000 | 813,637,000 | 784,744,000 |
| Gross Profit | 364,810,000 | 326,931,000 | 304,881,000 |
| Research And Development Expenses | — | — | — |
| General And Administrative Expenses | 38,715,000 | 35,973,000 | 31,562,000 |
| Operating Expenses | — | — | — |
| Operating Income | 46,977,000 | 31,669,000 | 30,155,000 |
| Net Income | 33,935,000 | 23,243,000 | 21,365,000 |
| Earnings Per Share Basic | 1.49 | 1.02 | 0.94 |
| Earnings Per Share Diluted | 1.47 | 1.02 | 0.94 |
| Weighted Average Shares Outstanding Basic | 22,774,825 | 22,725,088 | 22,666,773 |
| Weighted Average Shares Outstanding Diluted | 23,083,903 | 22,834,316 | 22,816,614 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash And Cash Equivalents | 8,871,000 | 18,342,000 | 12,039,000 |
| Marketable Securities Current | — | — | — |
| Accounts Receivable | 12,610,000 | 10,797,000 | 10,496,000 |
| Inventories | — | — | — |
| Non Trade Receivables | — | — | — |
| Other Assets Current | — | — | — |
| Total Assets Current | 147,058,000 | 152,550,000 | 140,660,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 178,609,000 | 169,060,000 | 157,179,000 |
| Other Assets Non Current | 458,000 | — | — |
| Total Assets Non Current | 6,100,000 | 5,900,000 | 7,400,000 |
| Total Assets | 655,476,000 | 669,185,000 | 663,108,000 |
| Accounts Payable | 88,397,000 | 80,675,000 | 71,283,000 |
| Deferred Revenue | — | — | — |
| Short Term Debt | 0 | 1,750,000 | 1,750,000 |
| Other Liabilities Current | 35,847,000 | 33,064,000 | 26,737,000 |
| Total Liabilities Current | 164,130,000 | 154,029,000 | 137,728,000 |
| Long Term Debt | 0 | 5,938,000 | 13,938,000 |
| Other Liabilities Non Current | — | — | — |
| Total Liabilities Non Current | 317,092,000 | 344,315,000 | 369,568,000 |
| Total Liabilities | 481,222,000 | 498,344,000 | 507,296,000 |
| Common Stock | 23,000 | 23,000 | 23,000 |
| Retained Earnings | 113,904,000 | 111,871,000 | 97,717,000 |
| Accumulated Other Comprehensive Income | — | — | — |
| Total Shareholders Equity | 174,254,000 | 170,841,000 | 155,812,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Depreciation And Amortization | 30,930,000 | 28,906,000 | 27,906,000 |
| Share Based Compensation Expense | 2,829,000 | 1,360,000 | 1,186,000 |
| Other Non Cash Income Expense | -160,000 | -379,000 | -78,000 |
| Change In Accounts Receivable | 1,790,000 | -315,000 | 2,973,000 |
| Change In Inventories | 1,412,000 | 5,504,000 | 13,210,000 |
| Change In Non Trade Receivables | -252,000 | -378,000 | 631,000 |
| Change In Other Assets | — | — | — |
| Change In Accounts Payable | 10,039,000 | 10,350,000 | 447,000 |
| Change In Other Liabilities | 2,783,000 | 6,327,000 | 148,000 |
| Cash From Operating Activities | 73,760,000 | 64,606,000 | 39,693,000 |
| Purchases Of Marketable Securities | — | — | — |
| Sales Of Marketable Securities | — | — | — |
| Acquisition Of Property Plant And Equipment | 37,541,000 | 36,568,000 | 28,038,000 |
| Acquisition Of Business | — | — | — |
| Other Investing Activities | — | — | — |
| Cash From Investing Activities | -38,600,000 | -37,950,000 | -31,143,000 |
| Tax Withholding For Share Based Compensation | 1,449,000 | 304,000 | 403,000 |
| Payments Of Dividends | 31,866,000 | 9,089,000 | 9,067,000 |
| Issuance Of Common Stock | — | — | — |
| Repurchase Of Common Stock | 0 | 181,000 | — |
| Issuance Of Long Term Debt | — | 0 | 0 |
| Repayment Of Long Term Debt | 7,688,000 | 8,000,000 | 8,000,000 |
| Other Financing Activities | — | — | — |
| Cash From Financing Activities | -44,631,000 | -20,353,000 | -20,189,000 |
| Change In Cash | -9,471,000 | 6,303,000 | -11,639,000 |
| Cash At End Of Period | 8,871,000 | 18,342,000 | 12,039,000 |
| Income Taxes Paid | 13,581,000 | 5,048,000 | 7,012,000 |
| Interest Paid | 2,216,000 | 1,305,000 | 627,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Earnings Per Share | 1.49 | 1.02 | 0.94 |
| Price To Earnings Ratio | 19.9262 | 12.6569 | 11.4787 |
| Earnings Growth Rate | 46.0784 | 8.5106 | 3.2967 |
| Price Earnings To Growth Ratio | 0.4324 | 1.4872 | 3.4819 |
| Book Value Per Share | 7.6512 | 7.5177 | 6.874 |
| Price To Book Ratio | 3.8805 | 1.7173 | 1.5697 |
| Ebitda | 82,622,000 | 60,496,000 | 58,654,000 |
| Enterprise Value | 667,313,554.25 | 282,726,886.08 | 248,223,480.67 |
| Dividend Yield | 0.0471 | 0.031 | 0.0371 |
| Dividend Payout Ratio | 0.939 | 0.391 | 0.4244 |
| Debt To Equity Ratio | 0 | 0.045 | 0.1007 |
| Capital Expenditures | 40,479,000 | 40,787,000 | 33,686,000 |
| Free Cash Flow | 33,281,000 | 23,819,000 | 6,007,000 |
| Return On Equity | 0.1947 | 0.1361 | 0.1371 |
| One Year Beta | 1.0413 | 0.8397 | 0.6131 |
| Three Year Beta | 0.7696 | 0.6202 | 0.5908 |
| Five Year Beta | 0.6595 | 0.6416 | 0.6341 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Isely Raquel M. | 13D Group Member | 2025-10-01 | 480 | A | 112,276 |
| Isely Raquel M. | 13D Group Member | 2025-10-01 | 157 | D | 112,119 |
| Isely Raquel M. | 13D Group Member | 2025-10-01 | 480 | D | 11,000 |
| Isely Lark | 13D Group Member | 2025-08-25 | 500 | D | 4,182 |
| Isely Lark | 13D Group Member | 2025-08-19 | 2,000 | D | 4,682 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| Capital Advisors, Ltd. LLC | 2025-09-30 | 70,000 | 1,753 | 39.9315 |
| CWM, LLC | 2025-09-30 | 24,000 | 605 | 39.6694 |
| Inspire Investing, LLC | 2025-09-30 | 455,200 | 11,380 | 40 |
| HARBOR CAPITAL ADVISORS, INC. | 2025-09-30 | 8,000 | 188 | 42.5532 |
| Green Alpha Advisors, LLC | 2025-09-30 | 2,532,467 | 63,312 | 39.9998 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| TRUST FOR PROFESSIONAL MANAGERS | 2025-08-31 | Column Small Cap Fund | CFSLX | 1,745 | 67,095.25 | 0.014 |
| Advisors' Inner Circle Fund III | 2025-07-31 | I Shares | KCXIX | 55 | 2,083.95 | 0.0009 |
| INVESCO EXCHANGE-TRADED FUND TRUST | 2025-07-31 | Invesco RAFI US 1500 Small-Mid ETF | PRFZ | 19,590 | 742,265.1 | 0.0313 |
| Global X Funds | 2025-07-31 | Global X Russell 2000 ETF | RSSL | 6,559 | 248,520.51 | 0.0189 |
| LORD ABBETT SECURITIES TRUST | 2025-07-31 | Class F | LFMGX | 89,310 | 3,383,955.9 | 1.8872 |