Natural Grocers by Vitamin Cottage, Inc. (NGVC)

NGVC Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	1,298	1,242	1,141	1,090	1,056	1,037
Revenue Growth (YoY)	9.36%	8.86%	4.67%	3.23%	1.80%	14.75%
Cost of Revenue	860.56	826.16	763.3	735.91	715.07	705.7
Gross Profit	437.17	415.43	377.27	353.71	340.45	331.14
Selling, General & Admin	378.29	364.95	342.57	319.82	310.34	301.4
Operating Expenses	379.46	366.25	344.3	320.66	311.02	302.79
Operating Income	57.71	49.18	32.97	33.06	29.43	28.35
Interest Expense	-3.78	-4.18	-3.3	-2.37	-2.27	-2.05
EBT Excluding Unusual Items	53.93	45	29.67	30.68	27.16	26.3
Asset Writedown	-1.89	-2.2	-1.3	-2.9	-1.1	-0.6
Pretax Income	52.04	42.8	28.37	27.78	26.06	25.7
Income Tax Expense	10.78	8.87	5.13	6.42	5.48	5.69
Net Income	41.26	33.94	23.24	21.37	20.58	20.01
Net Income to Common	41.26	33.94	23.24	21.37	20.58	20.01
Net Income Growth	43.92%	46.00%	8.79%	3.81%	2.86%	112.50%
Shares Outstanding (Basic)	23	23	23	23	23	23
Shares Outstanding (Diluted)	23	23	23	23	23	23
Shares Change (YoY)	1.07%	1.09%	0.08%	0.46%	0.59%	0.10%
EPS (Basic)	1.81	1.49	1.02	0.94	0.91	0.89
EPS (Diluted)	1.78	1.47	1.02	0.94	0.91	0.89
EPS Growth	42.37%	44.12%	8.51%	3.30%	2.34%	111.77%
Free Cash Flow	42.26	36.22	28.04	11.66	27.53	39.75
Free Cash Flow Per Share	1.82	1.57	1.23	0.51	1.21	1.76
Dividend Per Share	0.440	0.400	0.400	0.400	0.280	0.280
Dividend Growth	10.00%	-	-	42.86%	-	-
Gross Margin	33.69%	33.46%	33.08%	32.46%	32.25%	31.94%
Operating Margin	4.45%	3.96%	2.89%	3.03%	2.79%	2.73%
Profit Margin	3.18%	2.73%	2.04%	1.96%	1.95%	1.93%
Free Cash Flow Margin	3.26%	2.92%	2.46%	1.07%	2.61%	3.83%
EBITDA	91.02	81.81	63.38	61.66	59.86	60.34
EBITDA Margin	7.01%	6.59%	5.56%	5.66%	5.67%	5.82%
D&A For EBITDA	33.32	32.63	30.41	28.61	30.43	31.99
EBIT	57.71	49.18	32.97	33.06	29.43	28.35
EBIT Margin	4.45%	3.96%	2.89%	3.03%	2.79%	2.73%
Effective Tax Rate	20.71%	20.71%	18.07%	23.10%	21.01%	22.15%

Updated Feb 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q