Natural Grocers by Vitamin Cottage (NGVC) Gross Margin (2011 - 2026)
Natural Grocers by Vitamin Cottage (NGVC) posted Gross Margin of 30.36% for Q1 2026, up 3.07% sequentially from 29.46% in Q4 2025, and up 6.0% YoY from 28.65% in Q1 2025.
Natural Grocers by Vitamin Cottage (NGVC) Gross Margin (2011 - 2026) Analysis & Trends
Natural Grocers by Vitamin Cottage has reported Gross Margin for 16 years, with the latest figure at 30.36% in Q1 2026.
- Quarterly Gross Margin rose 6.0% year-over-year to 30.36% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 29.8% (up 3.0% YoY) and the FY2025 annual result came in at 29.9%, up 51.0% from the prior year.
- Gross Margin advanced to 30.36% in Q1 2026 per NGVC's latest filing, from 29.46% in the prior quarter.
- Over five years, Gross Margin peaked at 30.36% in Q1 2026 and troughed at 27.62% in Q2 2022.
- A 5-year average of 29.12% and a median of 29.33% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2025: Gross Margin surged 135 bps in 2023, then slumped 47 bps in 2025.
- Over 5 years, Gross Margin stood at 28.07% in 2022, then grew by 5 bps to 29.42% in 2023, then grew by 2 bps to 29.93% in 2024, then dropped by 2 bps to 29.46% in 2025, then rose by 3 bps to 30.36% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 30.36%, 29.46%, and 29.46% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kroger | 37.37 Bn | 34.04 Bn | 8.12 Bn | 23.39% |
| 2 | Sprouts Farmers Market | 7.53 Bn | 7.31 Bn | 900.65 Mn | 38.72% |
| 3 | Albertsons Companies | 6.69 Bn | 6.49 Bn | 5.51 Bn | 27.22% |
| 4 | Weis Markets | 1.74 Bn | 1.54 Bn | 328.40 Mn | 25.75% |
| 5 | Ingles Markets | 1.23 Bn | 775.97 Mn | 332.44 Mn | 24.30% |
| 6 | Grocery Outlet Holding | 1.13 Bn | 1.05 Bn | 360.72 Mn | 30.24% |
| 7 | Dingdong (Cayman) | 794.84 Mn | 585.52 Mn | 1.46 Mn | 7.24% |
| 8 | Natural Grocers by Vitamin Cottage | 640.36 Mn | 622.89 Mn | 98.01 Mn | 29.28% |
| 9 | Krispy Kreme | 619.56 Mn | 597.41 Mn | 172.13 Mn | 52.00% |
| 10 | Village Super Market | 444.93 Mn | 316.25 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.28% |
| Mar 31, 2026 | 30.36% |
| Dec 31, 2025 | 29.46% |
| Sep 30, 2025 | 29.46% |
| Jun 30, 2025 | 29.90% |
| Mar 31, 2025 | 30.30% |
| Dec 31, 2024 | 29.93% |
| Sep 30, 2024 | 29.55% |
| Jun 30, 2024 | 29.23% |
| Mar 31, 2024 | 29.33% |
| Dec 31, 2023 | 29.42% |
| Sep 30, 2023 | 28.58% |
| Jun 30, 2023 | 28.88% |
| Mar 31, 2023 | 29.12% |
| Dec 31, 2022 | 28.07% |
| Sep 30, 2022 | 27.64% |
| Jun 30, 2022 | 27.62% |
| Mar 31, 2022 | 28.25% |
| Dec 31, 2021 | 28.40% |
| Sep 30, 2021 | 27.80% |