Natural Grocers by Vitamin Cottage (NGVC)


Market Price (10/13/2026): $30.0 | Market Cap: $691.3 MilSector: Consumer Staples | Industry: Consumer Staples Merchandise Retail

Natural Grocers by Vitamin Cottage (NGVC)


Market Price (10/13/2026): $30.0
Market Cap: $691.3 Mil
Sector: Consumer Staples
Industry: Consumer Staples Merchandise Retail

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%

Low stock price volatility
Vol 12M is 40%

Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Nutritional Supplements, Organic & Natural Products, Show more.

Weak multi-year price returns
2Y Excs Rtn is -16%

Key risks
NGVC key risks include [1] a heavy reliance on its single primary distributor, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%
1 Low stock price volatility
Vol 12M is 40%
2 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Nutritional Supplements, Organic & Natural Products, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -16%
4 Key risks
NGVC key risks include [1] a heavy reliance on its single primary distributor, Show more.

NGVC in ETFs

Weight = NGVC's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
AVUV0.07%
DFAS0.02%
VTWO0.01%
IWO0.01%
SCHA0.01%
+4 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

Natural Grocers by Vitamin Cottage (NGVC) stock has lost about 5% since 6/30/2026 because of the following key factors:

1. Resilient Business Model and Strategic Growth Amidst Modest Fiscal Q3 2026 Performance.

Natural Grocers reported its fiscal Q3 2026 results (for the quarter ended June 30, 2026) on August 6, 2026, with diluted earnings per share of $0.48, which missed analysts' consensus of $0.52. Despite this slight earnings miss and operating within a challenging consumer environment, the company achieved a 1.2% increase in daily average comparable store sales and demonstrated continued strategic expansion by opening three new stores and relocating one during the quarter. The company's focus on a differentiated offering of high-quality natural and organic products with "Always AffordableSM prices" likely provided a stable customer base, contributing to the stock's overall flat trend despite a reported short-term dip of 14% following the Q3 earnings release.

2. Solid Financial Health and Consistent Shareholder Returns.

Natural Grocers maintained a strong financial position during the period, reporting $17.5 million in cash and cash equivalents and no outstanding borrowings on its $70.0 million revolving credit facility as of June 30, 2026. This robust balance sheet indicated prudent financial management. Furthermore, the company continued its commitment to shareholder returns by declaring a quarterly cash dividend of $0.15 per common share, which was paid on September 2, 2026. This financial stability and reliable dividend payout likely bolstered investor confidence, acting as a stabilizing factor for the stock during fiscal Q4 2026.

Show more
Updated on 10/1/2026

Natural Grocers by Vitamin Cottage (NGVC) stock has lost about 5% since 6/30/2026 because of the following key factors:

1. Resilient Business Model and Strategic Growth Amidst Modest Fiscal Q3 2026 Performance.

Natural Grocers reported its fiscal Q3 2026 results (for the quarter ended June 30, 2026) on August 6, 2026, with diluted earnings per share of $0.48, which missed analysts' consensus of $0.52. Despite this slight earnings miss and operating within a challenging consumer environment, the company achieved a 1.2% increase in daily average comparable store sales and demonstrated continued strategic expansion by opening three new stores and relocating one during the quarter. The company's focus on a differentiated offering of high-quality natural and organic products with "Always AffordableSM prices" likely provided a stable customer base, contributing to the stock's overall flat trend despite a reported short-term dip of 14% following the Q3 earnings release.

2. Solid Financial Health and Consistent Shareholder Returns.

Natural Grocers maintained a strong financial position during the period, reporting $17.5 million in cash and cash equivalents and no outstanding borrowings on its $70.0 million revolving credit facility as of June 30, 2026. This robust balance sheet indicated prudent financial management. Furthermore, the company continued its commitment to shareholder returns by declaring a quarterly cash dividend of $0.15 per common share, which was paid on September 2, 2026. This financial stability and reliable dividend payout likely bolstered investor confidence, acting as a stabilizing factor for the stock during fiscal Q4 2026.

3. Enhanced Brand Reputation Through Sustainability Leadership.

On July 31, 2026, Natural Grocers received significant industry recognition, being named the "2026 Sustainability Retailer of the Year" by Produce Business. This accolade highlighted the company's long-standing dedication to organic agriculture, regenerative practices, and sustainable retail operations. Such positive brand recognition can enhance market perception and appeal to environmentally conscious consumers and investors, thereby contributing to the stock's stable valuation during the specified period.

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Stock Movement Drivers

Fundamental Drivers

The -2.7% change in NGVC stock from 6/30/2026 to 10/12/2026 was primarily driven by a -1.6% change in the company's P/E Multiple.
(LTM values as of)630202610122026Change
Stock Price ($)30.8530.01-2.7%
Change Contribution By: 
Total Revenues ($ Mil)1,3381,3440.5%
Net Income Margin (%)3.6%3.5%-1.5%
P/E Multiple14.814.5-1.6%
Shares Outstanding (Mil)23230.0%
Cumulative Contribution-2.7%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/12/2026
ReturnCorrelation
NGVC-2.7% 
Market (SPY)4.2%-11.3%
Sector (XLP)1.6%28.3%

Fundamental Drivers

The 17.3% change in NGVC stock from 3/31/2026 to 10/12/2026 was primarily driven by a 18.0% change in the company's P/E Multiple.
(LTM values as of)331202610122026Change
Stock Price ($)25.5830.0117.3%
Change Contribution By: 
Total Revenues ($ Mil)1,3361,3440.6%
Net Income Margin (%)3.6%3.5%-1.0%
P/E Multiple12.314.518.0%
Shares Outstanding (Mil)2323-0.1%
Cumulative Contribution17.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/12/2026
ReturnCorrelation
NGVC17.3% 
Market (SPY)20.0%-20.4%
Sector (XLP)3.7%36.2%

Fundamental Drivers

The -23.3% change in NGVC stock from 9/30/2025 to 10/12/2026 was primarily driven by a -29.5% change in the company's P/E Multiple.
(LTM values as of)930202510122026Change
Stock Price ($)39.1430.01-23.3%
Change Contribution By: 
Total Revenues ($ Mil)1,3171,3442.0%
Net Income Margin (%)3.3%3.5%7.0%
P/E Multiple20.614.5-29.5%
Shares Outstanding (Mil)2323-0.4%
Cumulative Contribution-23.3%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/12/2026
ReturnCorrelation
NGVC-23.3% 
Market (SPY)17.8%-5.2%
Sector (XLP)9.9%32.0%

Fundamental Drivers

The 160.2% change in NGVC stock from 9/30/2023 to 10/12/2026 was primarily driven by a 103.3% change in the company's Net Income Margin (%).
(LTM values as of)930202310122026Change
Stock Price ($)11.5430.01160.2%
Change Contribution By: 
Total Revenues ($ Mil)1,1201,34420.0%
Net Income Margin (%)1.7%3.5%103.3%
P/E Multiple13.414.58.1%
Shares Outstanding (Mil)2323-1.3%
Cumulative Contribution160.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/12/2026
ReturnCorrelation
NGVC160.2% 
Market (SPY)88.3%13.8%
Sector (XLP)32.2%18.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NGVC Return6%-34%92%153%-36%20%161%
Peers Return50%11%8%42%-3%10%172%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
NGVC Win Rate58%50%83%50%42%60% 
Peers Win Rate63%50%55%55%52%70% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
NGVC Max Drawdown-44%-61%-16%-19%-58%-22% 
Peers Max Drawdown-18%-25%-19%-20%-27%-22% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SFM, KR, WMK, IMKTA, VLGEA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/12/2026 (YTD)

How Low Can It Go

EventNGVCS&P 500
2025 US Tariff Shock
  % Loss-27.6%-18.8%
  % Gain to Breakeven38.2%23.1%
  Time to Breakeven50 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-27.1%-24.5%
  % Gain to Breakeven37.2%32.4%
  Time to Breakeven318 days427 days
2020 COVID-19 Crash
  % Loss-28.6%-33.7%
  % Gain to Breakeven40.0%50.9%
  Time to Breakeven12 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-25.3%-3.7%
  % Gain to Breakeven33.9%3.9%
  Time to Breakeven329 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-31.3%-12.2%
  % Gain to Breakeven45.6%13.9%
  Time to Breakeven2249 days62 days
2014-2016 Oil Price Collapse
  % Loss-13.3%-6.8%
  % Gain to Breakeven15.4%7.3%
  Time to Breakeven27 days15 days

Compare to SFM, KR, WMK, IMKTA, VLGEA

In The Past

Natural Grocers by Vitamin Cottage's stock fell -27.6% during the 2025 US Tariff Shock. Such a loss loss requires a 38.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventNGVCS&P 500
2025 US Tariff Shock
  % Loss-27.6%-18.8%
  % Gain to Breakeven38.2%23.1%
  Time to Breakeven50 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-27.1%-24.5%
  % Gain to Breakeven37.2%32.4%
  Time to Breakeven318 days427 days
2020 COVID-19 Crash
  % Loss-28.6%-33.7%
  % Gain to Breakeven40.0%50.9%
  Time to Breakeven12 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-25.3%-3.7%
  % Gain to Breakeven33.9%3.9%
  Time to Breakeven329 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-31.3%-12.2%
  % Gain to Breakeven45.6%13.9%
  Time to Breakeven2249 days62 days

Compare to SFM, KR, WMK, IMKTA, VLGEA

In The Past

Natural Grocers by Vitamin Cottage's stock fell -27.6% during the 2025 US Tariff Shock. Such a loss loss requires a 38.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Natural Grocers by Vitamin Cottage (NGVC)

Natural Grocers by Vitamin Cottage, Inc. (NGVC) is a specialty retailer operating natural and organic grocery stores across the United States. The company focuses on offering a broad selection of products that emphasize natural ingredients and organic certification, catering to health-conscious consumers. As of early 2022, NGVC operates 162 stores across 20 states under its "Natural Grocers by Vitamin Cottage" brand.

The company's main products encompass a wide range of natural and organic grocery items, including fresh produce, bulk foods, meats, seafood, dairy products, and various private label goods such as pasta, frozen vegetables, and beverages. Beyond groceries, Natural Grocers also stocks private label dietary supplements, natural body care products, pet food, and household cleaning supplies. A distinguishing service offered by NGVC is its science-based nutrition education programs, aimed at helping customers make informed health and nutrition choices.

NGVC primarily serves consumers who prioritize natural and organic products, seeking high-quality food, supplements, and related lifestyle goods. The company differentiates itself through its specialized product assortment and commitment to health and wellness, attracting a customer base that values wholesome ingredients, sustainable practices, and nutritional education.

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A cross between Whole Foods Market and The Vitamin Shoppe.

A regional chain similar to Whole Foods Market, but with a deeper emphasis on science-based nutrition education.

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  • Natural and Organic Groceries: A wide range of food products including organic produce, bulk foods, private label items, meat, seafood, dairy, prepared foods, baked goods, beverages, beer, wine, and hard cider.
  • Dietary Supplements: A variety of vitamins, minerals, herbs, and other health-supporting supplements, including private label options.
  • Body Care Products: Natural and organic cosmetics, skin care, hair care, fragrance, and personal care items.
  • Pet Care and Food Products: Supplies and food specifically for pets.
  • Household and General Merchandise: Common household goods such as cleaning supplies, paper products, soaps, and diapers.
  • Nutrition Education Programs: Science-based educational services designed to help customers make informed health and nutrition choices.

AI Analysis | Feedback

Natural Grocers by Vitamin Cottage (NGVC) primarily sells to individuals through its retail store operations. The company's major customers can be categorized as follows:

  1. Health- and Wellness-Focused Consumers: This category includes individuals who prioritize their health and well-being, actively seeking out organic, natural, and minimally processed foods, as well as high-quality dietary supplements. They often engage with the company's science-based nutrition education programs to make informed health and nutrition choices.
  2. Individuals with Specific Dietary Needs or Preferences: Customers in this segment require products that cater to specialized diets, such as vegetarian, vegan, gluten-free, dairy-free, or other specific dietary restrictions or preferences. Natural Grocers provides a wide range of suitable options, including plant-based alternatives and allergen-friendly products.
  3. Conscious Consumers Seeking Quality and Ethical Products: This category encompasses customers who are discerning about the sourcing, quality, and ethical standards of their purchases. They are drawn to Natural Grocers' commitment to organic certification, natural ingredients in body care products, and overall transparency in product offerings, reflecting a preference for sustainable and responsibly produced goods.

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Kemper Isely - Chairman and Co-President

Kemper Isely has served as a director and Co-President of Natural Grocers by Vitamin Cottage since 1998, also holding the position of Chairman. He began his career with the company in 1977, gaining extensive experience across various departments including Store Manager, Warehouse Manager, Director of Marketing, Director of Purchasing, Director of Operations, and Director of Finance. Along with his siblings, he acquired the company from his father. His background does not indicate a pattern of managing companies backed by private equity firms or founding/selling other companies outside of his involvement with Natural Grocers by Vitamin Cottage.

Zephyr Isely - Co-President and Director

Zephyr Isely has been a director and Co-President of Natural Grocers by Vitamin Cottage since 1998. He joined the company in 1969 and has held numerous roles, including Store Manager, Director of Receiving, Warehouse Manager, Director of Operations, Director of Purchasing, Director of Accounting, Manager of Payroll and Compensation, and Director of Information Systems. He is the son of the company's founders and, along with his siblings, purchased the company from his father. There is no information suggesting a pattern of managing companies backed by private equity firms or founding/selling other companies beyond Natural Grocers by Vitamin Cottage.

Richard Hallé - Chief Financial Officer

Richard Hallé was appointed Chief Financial Officer of Natural Grocers by Vitamin Cottage, effective January 1, 2025. Prior to this role, he served on Natural Grocers' board of directors and audit committee since 2012. His previous experience includes serving as a Managing Director of Alvarez & Marsal's Private Equity Performance Improvement Group from March 2023 to October 2024. He was also the CFO of Vivial Inc. from 2011 to 2021, and the CFO and Secretary of DTN Holding Company, Inc. from 2003 to 2008. Earlier in his career, he was a Managing Director at FTI Consulting, Inc. from 2002 to 2003, where he developed business and finance strategies.

Heather Isely - Executive Vice President, Corporate Secretary, and Director

Heather Isely has served as a director, Executive Vice President, and Corporate Secretary of Natural Grocers by Vitamin Cottage since 1998. She joined the company in 1989 and has experience in various capacities such as Produce Coordinator, Store Manager, Manager of Quality Control, Director of Nutrition Education, Manager of Operations, Manager of Compensation, Manager of Training, and Director of Human Resources.

Elizabeth Isely - Executive Vice President and Director

Elizabeth Isely has been a director and Executive Vice President of Natural Grocers by Vitamin Cottage since 1998. She joined the company in 1977 and has held roles including Store Manager, Regional Manager, Director of Operations, Manager of Training, and Director of New Store Openings.

AI Analysis | Feedback

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Natural Grocers by Vitamin Cottage (NGVC) faces several key risks to its business operations and financial performance:

  1. Intense Competition from Mainstream Retailers: The growing availability of natural and organic products in conventional supermarkets, discount stores, and warehouse clubs poses a significant threat to Natural Grocers. As organic products become mainstream, specialty grocers like NGVC face increased competitive pressure on sales and operating margins from larger retailers that can offer similar products, often at more competitive prices. This shift in the competitive landscape has contributed to the struggles and even bankruptcies of other natural and organic grocery chains.
  2. Slowing Sales Growth and Macroeconomic Headwinds: Natural Grocers is vulnerable to a slowdown in comparable store sales growth and reduced customer traffic. Economic conditions, including inflation and a tightening of consumer spending, can negatively impact demand for the company's products, affecting its profitability and growth trajectory.
  3. Supply Chain Disruptions and Product Safety/Quality Concerns: The company is exposed to risks related to disruptions in its supply chain, which can arise from factors such as adverse weather, natural disasters, or cybersecurity incidents affecting its distributors. Furthermore, maintaining consumer confidence in the safety and quality of its natural and organic products is paramount. Any issues related to food safety, the proper use of natural fertilizers and pesticides, or potential contamination could lead to a loss of customer trust, reputational damage, and significant financial repercussions.
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The increasing market penetration and sophistication of online grocery delivery and pickup services, particularly from large, diversified retailers (such as Amazon Fresh/Whole Foods, Walmart, and other major supermarket chains expanding their natural and organic selections), and potentially specialized online-only organic grocers. These platforms offer growing convenience, competitive pricing, and expanding product ranges for natural and organic groceries and dietary supplements, directly challenging the traditional brick-and-mortar model and curated in-store experience that Natural Grocers by Vitamin Cottage provides. The ongoing shift in consumer behavior towards online shopping for even perishable and specialty food items represents a significant, evolving threat to physical retail footprints.

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For Natural Grocers by Vitamin Cottage (NGVC), the addressable markets for their main products and services in the U.S. are as follows:

  • Natural and Organic Groceries: The U.S. organic food market sales totaled $65.4 billion in 2024.
  • Dietary Supplements: The U.S. dietary supplement market reached $69.3 billion in 2024.
  • Body Care Products (Organic Personal Care Products): The U.S. organic personal care products market size was estimated to be between USD 6.31 billion and USD 7.58 billion in 2024.
  • Pet Care and Food Products (Organic and Natural Pet Food): The United States organic and natural pet food market size reached USD 8.1 billion in 2024.

AI Analysis | Feedback

Natural Grocers by Vitamin Cottage (NGVC) is anticipated to drive future revenue growth over the next two to three years through several strategic initiatives:
  • New store expansion and relocations are a key component of the company's growth strategy. Natural Grocers plans to open 6 to 8 new stores in fiscal year 2026 and aims for 4-5% annual new store unit growth in fiscal year 2026 and beyond. Relocating existing stores is also a strategic element, as it typically leads to accelerated sales growth from a higher base.
  • Growth in daily average comparable store sales is expected to contribute significantly. For fiscal year 2026, the company projects comparable store sales growth between 1.5% and 4%. This growth is driven by increases in daily average comparable transaction counts and transaction sizes.
  • The increasing penetration and sales of Natural Grocers' private label products are identified as an important internal driver. Private label offerings generally provide higher margins, and their continued growth supports overall profitability and sales. The {N}power rewards program and private label products collectively demonstrated significant sales growth in the first quarter of fiscal year 2026.
  • Enhanced customer engagement through the {N}power rewards program is expected to fuel sales. Natural Grocers has observed stronger sales growth from members of its {N}power Rewards program.
  • The company's alignment with consumer trends and the introduction of new products are also anticipated to drive growth. Sales growth has been broad-based across various product categories, with strong performance in dairy, meat, and produce, and positive dietary supplement sales. Natural Grocers believes its continued growth will benefit from its close alignment with current consumer preferences and the impact of new product introductions.

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Share Repurchases

  • Natural Grocers by Vitamin Cottage had $8.1 million remaining in its $10.0 million share repurchase program as of December 31, 2025.
  • As of September 30, 2024, $8.1 million remained in the share repurchase program.

Capital Expenditures

  • For fiscal year 2026, the company plans to direct $50 million to $55 million towards capital expenditures to support growth initiatives, including opening six to eight new stores and relocating or remodeling two to three existing stores.
  • In fiscal year 2025, Natural Grocers invested $31.0 million in net capital expenditures, primarily for new and relocated/remodeled stores, opening two new stores and relocating/remodeling three stores.
  • The company's capital expenditures were $31.16 million in the last 12 months ending December 31, 2025. [cite: 5 in previous search]

Better Bets vs. Natural Grocers by Vitamin Cottage (NGVC)

Peer Outperformance in Consumer Staples Merchandise Retail

NGVC has outperformed 100% of its 11 Consumer Staples Merchandise Retail peers over 5Y. Consumer Staples Merchandise Retail ranks 1st of 12 industries in Consumer Staples by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Consumer Staples Merchandise Retail constituents that NGVC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
8%
of 12 industry peers · -17.7% return
3Y
100%
of 12 industry peers · 159.3% return
5Y
100%
of 11 industry peers · 213.3% return
No Consumer Staples Merchandise Retail peer with a comparable growth profile has beaten NGVC by more than 20pp over 5Y.
Median price return by industry across the Consumer Staples sector, ranked by 5Y. Consumer Staples Merchandise Retail is NGVC's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top null by 5Y
Consumer Staples Merchandise Retail ← 12 12.0%44.4%60.5% WMT 159% · PSMT 133% · COST 127%
Food Retail 6 -5.6%51.5%35.9% CASY 256% · SFM 184% · KR 75%
Tobacco 6 -34.6%10.8%18.8% PM 166% · MO 123%
Food Distributors 9 -1.6%34.9%8.3% CHEF 226% · USFD 159% · ANDE 122%
Soft Drinks & Non-alcoholic Beverages 12 -6.5%-11.8%0.6% COKE 416% · CCHGY 109% · MNST 99%
Brewers 3 -13.3%-27.6%-1.7% BUD 55% · TAP -2%
Household Products 19 9.6%-2.8%-11.1% IPAR 64% · CL 34% · CHD 28%
Agricultural Products & Services 11 -16.5%-0.3%-17.7% ADM 46% · BG 41% · INGR 16%
Personal Care Products 4 5.4%4.4%-19.8% ELF 277% · PG 23% · COTY -62%
Packaged Foods & Meats 48 -28.9%-33.4%-42.2% CALM 135% · TR 47% · MDLZ 19%
Distillers & Vintners 5 -43.1%-55.3%-77.4% STZ -37% · BF-B -56%
Drug Retail 3 -24.8%-43.9%-94.3%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NGVCSFMKRWMKIMKTAVLGEAMedian
NameNatural .Sprouts .Kroger Weis Mar.Ingles M.Village . 
Mkt Price30.0064.3561.9973.1985.5143.9063.17
Mkt Cap0.76.037.61.81.60.51.7
Rev LTM1,3449,004149,3265,0695,4182,4065,243
Op Inc LTM666742,08312317464149
FCF LTM223572,3843915055102
FCF 3Y Avg293682,11833863661
CFO LTM716756,708241249109245
CFO 3Y Avg716336,20520423294218

Growth & Margins

NGVCSFMKRWMKIMKTAVLGEAMedian
NameNatural .Sprouts .Kroger Weis Mar.Ingles M.Village . 
Rev Chg LTM2.0%7.2%1.6%4.7%1.0%3.7%2.8%
Rev Chg 3Y Avg6.3%11.0%0.3%1.9%-1.9%3.6%2.7%
Rev Chg Q1.8%4.7%2.0%4.6%1.6%1.6%1.9%
QoQ Delta Rev Chg LTM0.5%1.2%0.5%1.1%0.4%0.4%0.5%
Op Inc Chg LTM9.7%4.5%-46.9%4.2%111.0%-12.5%4.3%
Op Inc Chg 3Y Avg32.3%21.5%1.6%-4.5%5.6%-0.0%3.6%
Op Mgn LTM4.9%7.5%1.4%2.4%3.2%2.7%2.9%
Op Mgn 3Y Avg4.4%7.1%2.3%2.4%2.8%2.9%2.8%
QoQ Delta Op Mgn LTM0.0%-0.2%0.1%-0.1%-0.1%-0.2%-0.1%
CFO/Rev LTM5.3%7.5%4.5%4.8%4.6%4.5%4.7%
CFO/Rev 3Y Avg5.5%7.7%4.2%4.2%4.2%4.1%4.2%
FCF/Rev LTM1.7%4.0%1.6%0.8%2.8%2.3%2.0%
FCF/Rev 3Y Avg2.3%4.5%1.4%0.7%1.5%1.5%1.5%

Valuation

NGVCSFMKRWMKIMKTAVLGEAMedian
NameNatural .Sprouts .Kroger Weis Mar.Ingles M.Village . 
Mkt Cap0.76.037.61.81.60.51.7
P/S0.50.70.30.40.30.20.3
P/Op Inc10.59.018.014.79.37.19.9
P/EBIT10.99.018.814.710.55.910.7
P/E14.512.034.618.615.68.715.1
P/CFO9.89.05.67.56.54.27.0
Total Yield8.8%8.3%5.2%7.2%7.2%14.3%7.8%
Dividend Yield1.9%0.0%2.4%1.9%0.8%2.9%1.9%
FCF Yield 3Y Avg4.5%3.5%5.5%1.9%5.7%8.7%5.0%
D/E0.50.30.60.10.30.70.4
Net D/E0.40.30.6-0.00.00.40.4

Returns

NGVCSFMKRWMKIMKTAVLGEAMedian
NameNatural .Sprouts .Kroger Weis Mar.Ingles M.Village . 
1M Rtn5.0%-11.6%6.0%1.4%3.1%2.1%2.6%
3M Rtn-7.7%-19.2%5.2%-6.6%-5.5%1.7%-6.1%
6M Rtn15.4%-15.4%-7.8%3.8%-7.1%2.7%-2.2%
12M Rtn-17.8%-37.4%-6.5%10.2%22.8%41.6%1.8%
3Y Rtn159.3%48.9%50.1%24.0%14.0%100.3%49.5%
1M Excs Rtn3.1%-13.5%4.0%-0.5%1.1%0.2%0.6%
3M Excs Rtn-9.5%-18.1%2.8%-9.2%-8.2%-2.1%-8.7%
6M Excs Rtn2.1%-28.8%-21.0%-9.5%-20.5%-10.6%-15.6%
12M Excs Rtn-37.2%-54.1%-21.9%-6.5%5.5%28.5%-14.2%
3Y Excs Rtn67.1%-31.4%-32.5%-65.0%-73.2%14.6%-31.9%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Grocery952878796759732
Dietary supplements253244236227220
Body care, pet care and other126119109103104
Total1,3311,2421,1411,0901,056


Price Behavior

Price Behavior
Market Price$30.01 
Market Cap ($ Bil)0.7 
First Trading Date07/25/2012 
Distance from 52W High-24.7% 
   50 Days200 Days
DMA Price$29.00$28.00
DMA Trenddownup
Distance from DMA3.5%7.2%
 3M1YR
Volatility45.2%40.3%
Downside Capture8.0129.65
Upside Capture-26.25-3.23
Correlation (S&P 500)-9.6%-4.6%
NGVC Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta-0.29-0.57-0.41-0.66-0.140.46
Up Beta1.451.20-0.53-0.78-0.680.14
Down Beta-0.43-1.630.38-0.660.400.65
Up Capture4%-99%-48%-22%-15%39%
Bmk +ve Days6162766132424
Stock +ve Days13223265119376
Down Capture-170%-97%-62%-141%-5%69%
Bmk -ve Days16263760120328
Stock -ve Days9193159130369

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NGVC
NGVC-21.4%40.3%-0.50-
Sector ETF (XLP)10.4%14.7%0.4531.8%
Equity (SPY)17.0%13.0%0.93-5.3%
Gold (GLD)4.6%29.5%0.15-17.0%
Commodities (DBC)48.0%20.9%1.77-16.6%
Real Estate (VNQ)6.2%13.8%0.1917.3%
Bitcoin (BTCUSD)-32.3%44.3%-0.763.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NGVC
NGVC25.2%48.4%0.62-
Sector ETF (XLP)6.8%13.7%0.2724.4%
Equity (SPY)14.1%17.1%0.6320.8%
Gold (GLD)18.3%18.9%0.782.5%
Commodities (DBC)9.9%19.5%0.393.4%
Real Estate (VNQ)1.5%18.8%-0.0323.7%
Bitcoin (BTCUSD)11.0%52.0%0.398.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NGVC
NGVC14.3%55.8%0.46-
Sector ETF (XLP)7.5%14.9%0.3723.8%
Equity (SPY)15.4%17.9%0.7319.7%
Gold (GLD)11.8%16.4%0.582.7%
Commodities (DBC)8.3%18.1%0.377.4%
Real Estate (VNQ)4.6%20.7%0.1819.3%
Bitcoin (BTCUSD)63.4%66.2%1.036.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity1.1 Mil
Short Interest: % Change Since 915202617.4%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest6.7 days
Basic Shares Quantity23.0 Mil
Short % of Basic Shares4.7%

Earnings Returns History

Updated 9/15/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2026-12.5%-13.7%-13.5%
5/7/2026-4.9%4.0%9.0%
2/5/2026-2.2%-4.3%-5.7%
11/20/2025-5.0%-8.8%-15.1%
8/7/20256.7%4.8%3.6%
5/8/202530.2%12.6%-3.5%
2/6/2025-1.3%-0.8%-29.0%
11/21/202425.8%29.8%7.4%
...
SUMMARY STATS   
# Positive131514
# Negative11910
Median Positive10.4%7.2%9.8%
Median Negative-4.9%-8.8%-14.3%
Max Positive30.2%49.9%39.7%
Max Negative-18.8%-25.0%-29.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2026-12.5%-13.7%-13.5%
5/7/2026-4.9%4.0%9.0%
2/5/2026-2.2%-4.3%-5.7%
11/20/2025-5.0%-8.8%-15.1%
8/7/20256.7%4.8%3.6%
5/8/202530.2%12.6%-3.5%
2/6/2025-1.3%-0.8%-29.0%
11/21/202425.8%29.8%7.4%
8/8/20243.8%0.6%10.6%
5/9/20249.5%18.2%17.7%
2/8/202415.8%2.7%19.8%
11/16/202322.4%41.6%39.7%
8/3/20236.5%7.2%2.5%
5/4/202315.2%8.4%6.1%
2/2/2023-1.3%2.3%8.3%
11/17/2022-13.5%-12.6%-21.8%
8/4/2022-4.4%-8.9%-16.2%
5/5/2022-6.8%-0.8%-6.2%
2/3/20228.8%23.8%33.0%
11/18/202110.4%7.0%11.7%
8/5/20214.7%4.6%6.4%
5/6/2021-18.8%-25.0%-27.5%
2/4/2021-2.6%-4.6%-3.2%
11/19/202016.0%49.9%23.8%
SUMMARY STATS   
# Positive131514
# Negative11910
Median Positive10.4%7.2%9.8%
Median Negative-4.9%-8.8%-14.3%
Max Positive30.2%49.9%39.7%
Max Negative-18.8%-25.0%-29.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/05/202610-Q
09/30/202512/11/202510-K
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/06/202510-Q
09/30/202412/12/202410-K
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202302/08/202410-Q
09/30/202312/07/202310-K
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/02/202310-Q
09/30/202212/08/202210-K
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/05/202610-Q
09/30/202512/11/202510-K
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/06/202510-Q
09/30/202412/12/202410-K
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202302/08/202410-Q
09/30/202312/07/202310-K
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/02/202310-Q
09/30/202212/08/202210-K
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q
12/31/202102/03/202210-Q
09/30/202112/09/202110-K
06/30/202108/05/202110-Q
03/31/202105/06/202110-Q
12/31/202002/04/202110-Q
09/30/202012/10/202010-K
06/30/202008/06/202010-Q
03/31/202005/07/202010-Q
12/31/201902/06/202010-Q
09/30/201912/05/201910-K

Recent Forward Guidance

Updated 10/4/2026

Latest: Q3 2026 Earnings Reported 8/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Number of new storesReported66.57-7.1% LoweredGuidance: 7 for 2026
2026 Number of relocations/remodelsReported 2 -20.0% LoweredGuidance: 2.5 for 2026
2026 Daily average comparable store sales growthReported1.5%1.75%2.0% -0.2%LoweredGuidance: 2.0% for 2026
2026 Diluted earnings per shareReported2.072.092.11-0.9% LoweredGuidance: 2.11 for 2026
2026 Capital expendituresReported45.00 Mil47.50 Mil50.00 Mil0 AffirmedGuidance: 47.50 Mil for 2026


Prior: Q2 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Number of new storesReported6780 AffirmedGuidance: 7 for 2026
2026 Number of relocations/remodelsReported22.530 AffirmedGuidance: 2.5 for 2026
2026 Daily average comparable store sales growthReported1.5%2.0%2.5% -0.8%LoweredGuidance: 2.75% for 2026
2026 Diluted earnings per shareReported2.072.112.151.7% RaisedGuidance: 2.08 for 2026
2026 Capital expendituresReported45.00 Mil47.50 Mil50.00 Mil-9.5% LoweredGuidance: 52.50 Mil for 2026

Q1 2026 Earnings Reported 2/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Number of new storesReported6780 AffirmedGuidance: 7 for 2026
2026 Number of relocations/remodelsReported22.530 AffirmedGuidance: 2.5 for 2026
2026 Daily average comparable store sales growthReported1.5%2.75%4.0% 0AffirmedGuidance: 2.75% for 2026
2026 Diluted earnings per shareReported22.082.150 AffirmedGuidance: 2.08 for 2026
2026 Capital expendituresReported50.00 Mil52.50 Mil55.00 Mil0 AffirmedGuidance: 52.50 Mil for 2026

Q4 2025 Earnings Reported 11/20/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Number of new storesReported6780 AffirmedGuidance: 7 for 2026
2026 Number of relocations/remodelsReported22.53-16.7% Lower NewActual: 3 for 2025
2026 Daily average comparable store sales growthReported1.5%2.75%4.0% -4.8%Lower NewActual: 7.5% for 2025
2026 Diluted earnings per shareReported22.082.157.8% Higher NewActual: 1.93 for 2025
2026 Capital expendituresReported50.00 Mil52.50 Mil55.00 Mil66.7% Higher NewActual: 31.50 Mil for 2025

Insider Activity

Updated 6/3/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Isely, Charity DirectSell602202629.043,00087,120310,641Form
2Isely, Lark DirectSell827202541.0050020,500171,462Form
3Isely, Lark DirectSell821202540.002,00080,000187,280Form
4Isely, Lark DirectSell613202544.262,00088,520295,745Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Isely, Charity DirectSell602202629.043,00087,120310,641Form
2Isely, Lark DirectSell827202541.0050020,500171,462Form
3Isely, Lark DirectSell821202540.002,00080,000187,280Form
4Isely, Lark DirectSell613202544.262,00088,520295,745Form
Core Cache Last Updated: 10/12/2026