Natural Grocers by Vitamin Cottage (NGVC) Operating Leases (2019 - 2026)
Natural Grocers by Vitamin Cottage (NGVC) reported Operating Leases of $279.25 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 5.0% from $293.98 million a year earlier and down 0.8% from the prior quarter.
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Analysis
Natural Grocers by Vitamin Cottage (NGVC) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Natural Grocers by Vitamin Cottage posted Operating Leases of $245.8 million, down 6.7% from FY2024.
- Operating Leases has declined for five consecutive fiscal years, with a five-year compound annual growth rate of -5.5% (FY2020 to FY2025).
- By fiscal year, Operating Leases came in at $263.4 million in FY2024 (-4.8%), $276.81 million in FY2023 (-6.2%), $295.06 million in FY2022 (-2.3%) and $301.9 million in FY2021 (-7.3%).
- Five-year quarterly Operating Leases spans a low of $245.8 million in fiscal Q4 2025 and a high of $332.75 million in fiscal Q1 2023.
- Year over year, Operating Leases has now declined in each of the last 12 quarters, with an average decline of 5.2% over the last eight quarters.
- The high point for year-over-year Operating Leases in five years was fiscal Q1 2023 (growth of 10.5%); the low point was fiscal Q2 2022 (a decline of 17.0%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $281.59 million (Q2 2026), $284.25 million (Q1 2026) and $245.8 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Walmart | 847.32 Bn | 810.03 Bn | 49.13 Bn |
| 2 | Costco Wholesale | 410.07 Bn | 339.37 Bn | 9.01 Bn |
| 3 | Sysco | 37.60 Bn | 31.85 Bn | 4.13 Bn |
| 4 | Kroger | 35.90 Bn | 22.05 Bn | 7.86 Bn |
| 5 | Dollar General | 27.06 Bn | 21.73 Bn | 3.68 Bn |
| 6 | Caseys General Stores | 22.17 Bn | 20.17 Bn | 1.24 Bn |
| 7 | Dollar Tree | 21.26 Bn | 17.89 Bn | 2.10 Bn |
| 8 | US Foods Holding | 20.27 Bn | 20.07 Bn | 1.92 Bn |
| 9 | Tractor Supply | 16.44 Bn | 15.61 Bn | 1.68 Bn |
| 10 | Natural Grocers by Vitamin Cottage | 700.36 Mn | 621.85 Mn | 98.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 279.25 Mn |
| Mar 31, 2026 | 281.59 Mn |
| Dec 31, 2025 | 284.25 Mn |
| Sep 30, 2025 | 245.80 Mn |
| Jun 30, 2025 | 293.98 Mn |
| Mar 31, 2025 | 295.22 Mn |
| Dec 31, 2024 | 298.25 Mn |
| Sep 30, 2024 | 263.40 Mn |
| Jun 30, 2024 | 306.56 Mn |
| Mar 31, 2024 | 312.51 Mn |
| Dec 31, 2023 | 318.04 Mn |
| Sep 30, 2023 | 276.81 Mn |
| Jun 30, 2023 | 329.26 Mn |
| Mar 31, 2023 | 323.30 Mn |
| Dec 31, 2022 | 332.75 Mn |
| Sep 30, 2022 | 295.06 Mn |
| Jun 30, 2022 | 299.06 Mn |
| Mar 31, 2022 | 294.15 Mn |
| Dec 31, 2021 | 301.12 Mn |
| Sep 30, 2021 | 301.90 Mn |
API Access
Natural Grocers by Vitamin Cottage Operating Leases 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=operating-leases&ticker=NGVC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=NGVC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();