Business
Natural Grocers operates specialty grocery stores focused on natural products and supplements.
Natural Grocers grew revenue, remained profitable, generated positive free cash flow at a 4.7% operating margin. Cash conversion weakened despite revenue growth, and margins remained thin.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 7.2%OK
- Profitability — Net income grew 36.9% to $46.444M from $33.935MOK
- Cash flow — Free cash flow declined 33.5% to $24.103M from $36.219MWatch
- Margins — Operating margin expanded 88 bps to 4.66%OK
- Accounting — Cash conversion weakened despite revenue growth, and margins remained thinNote
- Insiders — 0 purchases and 3 salesNote
Where the revenue comes from
Fiscal 2025, as Natural Grocers by Vitamin Cottage, Inc. reports it. History and quarterly detail are in the app.
- Grocery$952.2M
- Dietary Supplements$252.9M
- Manufactured Product, Other$125.7M
- Vendor Reimbursements$9.3M
Leadership changes
From Natural Grocers by Vitamin Cottage, Inc.'s own filings, the day they're filed.
- Richard Hall · Chief Financial Officer · appointmenteff. 2025-01-01
- Todd Dissinger · Chief Financial Officer · appointmenteff. 2025-01-01
- Todd Dissinger · Chief Financial Officer · departureeff. 2025-01-01
Latest filings
- 10-Q · Quarterly report2026-08-06
- 8-K · Company announcement2026-08-06
- 10-Q · Quarterly report2026-05-07
- 8-K · Company announcement2026-05-07
- 8-K · Company announcement2026-03-10
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Natural Grocers by Vitamin Cottage, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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