Natural Grocers by Vitamin Cottage (NGVC) Gross Margin (2011 - 2026)
Natural Grocers by Vitamin Cottage (NGVC) reported Gross Margin of 29.28% for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 0.62 percentage points from 29.90% a year earlier and down 1.09 percentage points from the prior quarter.
Natural Grocers by Vitamin Cottage (NGVC) Gross Margin (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Natural Grocers by Vitamin Cottage's Gross Margin came in at 29.64%, down 0.28 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 29.90%, up 0.51 percentage points from FY2024.
- Gross Margin has increased for six consecutive fiscal years, with a five-year change of +2.59 percentage points (FY2020 to FY2025).
- By fiscal year, Gross Margin came in at 29.38% in FY2024 (+0.72 pp), 28.66% in FY2023 (+0.68 pp), 27.98% in FY2022 (+0.30 pp) and 27.68% in FY2021 (+0.37 pp).
- The fiscal Q3 2026 figure ranks as the lowest quarterly Gross Margin since fiscal Q3 2024.
- Year over year, Gross Margin gained in five of the last eight quarters, with an average year-over-year change of +0.25 percentage points.
- The high point for year-over-year Gross Margin in five years was fiscal Q1 2024 (a gain of 1.35 percentage points); the low point was fiscal Q3 2026 (a drop of 0.62 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 30.36% (Q2 2026), 29.46% (Q1 2026) and 29.46% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 824.47 Bn | 787.18 Bn | 49.13 Bn | 26.14% |
| 2 | Costco Wholesale | 403.75 Bn | 333.05 Bn | 9.01 Bn | 12.77% |
| 3 | Sysco | 37.36 Bn | 31.61 Bn | 4.13 Bn | 18.69% |
| 4 | Kroger | 34.63 Bn | 20.79 Bn | 7.86 Bn | 22.70% |
| 5 | Dollar General | 26.38 Bn | 21.06 Bn | 3.68 Bn | 32.60% |
| 6 | Caseys General Stores | 22.49 Bn | 20.48 Bn | 1.24 Bn | 21.82% |
| 7 | Dollar Tree | 21.40 Bn | 18.02 Bn | 2.10 Bn | 42.91% |
| 8 | US Foods Holding | 19.94 Bn | 19.74 Bn | 1.92 Bn | 18.22% |
| 9 | Tractor Supply | 16.33 Bn | 15.49 Bn | 1.68 Bn | 37.05% |
| 10 | Natural Grocers by Vitamin Cottage | 702.67 Mn | 624.15 Mn | 98.01 Mn | 29.28% |
Historic 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% |
Natural Grocers by Vitamin Cottage Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NGVC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NGVC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NGVC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();