NGVC (Natural Grocers by Vitamin Cottage) Gross Profit: $399 Mil (TTM As of Mar. 2026)


NGVC Natural Grocers by Vitamin Cottage Inc NGVC
86 GF Score
Price $33.08
GF Value $27.33
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Natural Grocers by Vitamin Cottage Gross Profit?

Natural Grocers by Vitamin Cottage NGVC -1.95% 86 Gross Profit is $399 Mil as of Mar. 2026. GuruFocus rates NGVC with a GF Score™ of 86/100 and a GF Value™ of $27.33 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Natural Grocers by Vitamin Cottage's gross profit for the three months ended in Mar. 2026 was $102 Mil. Natural Grocers by Vitamin Cottage's gross profit for the trailing twelve months (TTM) ended in Mar. 2026 was $399 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Natural Grocers by Vitamin Cottage's gross profit for the three months ended in Mar. 2026 was $102 Mil. Natural Grocers by Vitamin Cottage's Revenue for the three months ended in Mar. 2026 was $337 Mil. Therefore, Natural Grocers by Vitamin Cottage's Gross Margin % for the quarter that ended in Mar. 2026 was 30.36%.

Natural Grocers by Vitamin Cottage had a gross margin of 30.36% for the quarter that ended in Mar. 2026 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Natural Grocers by Vitamin Cottage was 29.90%. The lowest was 26.42%. And the median was 27.83%.


Natural Grocers by Vitamin Cottage  (NYSE:NGVC) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Natural Grocers by Vitamin Cottage had a gross margin of 30.36% for the quarter that ended in Mar. 2026 => Competition eroding margins


Natural Grocers by Vitamin Cottage Gross Profit Related Terms


Natural Grocers by Vitamin Cottage Gross Profit Historical Data

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The historical data trend for Natural Grocers by Vitamin Cottage's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Natural Grocers by Vitamin Cottage Gross Profit Chart

Natural Grocers by Vitamin Cottage Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 292.19 304.88 326.93 364.81 397.88

Natural Grocers by Vitamin Cottage Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 101.75 98.28 99.03 98.86 102.44

NGVC vs YSWY, VLGEA, DNUT: Gross Profit Comparison

For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Natural Grocers by Vitamin Cottage Gross Profit vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's Gross Profit distribution charts can be found below:

* The bar in red indicates where Natural Grocers by Vitamin Cottage's Gross Profit falls into.


NGVC
86GF Score
Natural Grocers by Vitamin Cottage Inc NGVC
Gross Profit is just one metric. See GF Score™, valuation, warning signs, and more.
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Natural Grocers by Vitamin Cottage Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Natural Grocers by Vitamin Cottage's Gross Profit for the fiscal year that ended in Sep. 2025 is calculated as

Gross Profit (A: Sep. 2025 )=Revenue - Cost of Goods Sold
=1330.836 - 932.959
=398

Natural Grocers by Vitamin Cottage's Gross Profit for the quarter that ended in Mar. 2026 is calculated as

Gross Profit (Q: Mar. 2026 )=Revenue - Cost of Goods Sold
=337.376 - 234.933
=102

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $399 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Natural Grocers by Vitamin Cottage's Gross Margin % for the quarter that ended in Mar. 2026 is calculated as

Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=(Revenue - Cost of Goods Sold) / Revenue
=102 / 337.376
=30.36 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Profit →
What does a Gross Profit of $399 Mil mean?
Natural Grocers by Vitamin Cottage (NGVC) has a Gross Profit of $399 Mil as of Mar. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on Natural Grocers by Vitamin Cottage and its competitors.
Is Natural Grocers by Vitamin Cottage's Gross Profit too high?
Natural Grocers by Vitamin Cottage's current Gross Profit is $399 Mil. Overall, Natural Grocers by Vitamin Cottage has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Grocers by Vitamin Cottage's Gross Profit compare to YSWY and VLGEA?
Natural Grocers by Vitamin Cottage's Gross Profit of $399 Mil can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Retail - Defensive company?
A good Gross Profit depends on the Retail - Defensive industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Natural Grocers by Vitamin Cottage and its competitors. Natural Grocers by Vitamin Cottage's current Gross Profit is $399 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Grocers by Vitamin Cottage stock overvalued right now?
Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage (NGVC) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.33, compared to a current price of $33.08 — trading 21% above its estimated fair value. The current Gross Profit is $399 Mil. Natural Grocers by Vitamin Cottage's overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current Gross Profit is $399 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Natural Grocers by Vitamin Cottage (NGVC) Overvalued in 2026?

Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage stock appears to be overvalued. The current stock price of $33.08 is trading 21% above its estimated GF Value™ of $27.33. GuruFocus considers Natural Grocers by Vitamin Cottage to be Modestly Overvalued.

Key valuation signals for NGVC:

  • Gross Profit: $399 Mil
  • GF Value™: $27.33 vs. price of $33.08 (21% above fair value)
  • GF Score™: 86/100 with 2 warning signs

No single metric tells the full story. See the NGVC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Natural Grocers by Vitamin Cottage Business Description

Other Exchanges N2V:Germany
Address 12612 West Alameda Parkway, Lakewood, CO, USA, 80228
Natural Grocers by Vitamin Cottage Inc operates natural and organic grocery and dietary supplement stores. It offers the following product categories: natural and organic food, dietary supplements, natural body care, household, pet care products, books, and handouts. The Company has a single reporting segment, natural and organic retail stores, through which business is conducted. The company generates the majority of its revenue from grocery products and dietary supplements, and the rest from other products.
86GF Score

Get the complete analysis for NGVC

Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$33.08
Price
$27.33
GF Value