Natural Grocers by Vitamin Cottage (NGVC) Return on Capital Employed [ROCE] (2012 - 2026)
Natural Grocers by Vitamin Cottage (NGVC) recorded Return on Capital Employed [ROCE] of 11.98% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 0.44 percentage points from 11.54% a year earlier but down 0.44 percentage points from the prior quarter.
Powered by 
Analysis
Natural Grocers by Vitamin Cottage (NGVC) Return on Capital Employed [ROCE] (2012 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Natural Grocers by Vitamin Cottage reported Return on Capital Employed [ROCE] of 12.29%, up 2.87 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for four straight fiscal years, with a five-year change of +4.90 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Return on Capital Employed [ROCE] came in at 9.43% in FY2024 (+3.25 pp), 6.18% in FY2023 (+0.40 pp), 5.78% in FY2022 (+0.49 pp) and 5.30% in FY2021 (-2.10 pp).
- Quarterly Return on Capital Employed [ROCE] has ranged from 4.69% in fiscal Q2 2023 to 12.42% in fiscal Q2 2026 over the past five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for 12 consecutive quarters, with an average year-over-year change of +2.43 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 3.64 percentage points in fiscal Q2 2025, against a drop of 2.45 percentage points in fiscal Q2 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 12.42% (Q2 2026), 12.33% (Q1 2026) and 12.25% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 827.17 Bn | 789.87 Bn | 49.13 Bn | 18.33% |
| 2 | Costco Wholesale | 408.32 Bn | 337.62 Bn | 9.01 Bn | 26.16% |
| 3 | Sysco | 37.11 Bn | 31.36 Bn | 4.13 Bn | 17.51% |
| 4 | Kroger | 34.86 Bn | 21.01 Bn | 7.86 Bn | 4.92% |
| 5 | Dollar General | 26.24 Bn | 20.91 Bn | 3.68 Bn | 9.89% |
| 6 | Caseys General Stores | 22.83 Bn | 20.83 Bn | 1.24 Bn | 20.28% |
| 7 | Dollar Tree | 21.05 Bn | 17.67 Bn | 2.10 Bn | 20.72% |
| 8 | US Foods Holding | 20.97 Bn | 20.76 Bn | 1.92 Bn | 12.21% |
| 9 | Tractor Supply | 16.22 Bn | 15.39 Bn | 1.68 Bn | 15.37% |
| 10 | Natural Grocers by Vitamin Cottage | 704.74 Mn | 626.23 Mn | 98.01 Mn | 11.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.98% |
| Mar 31, 2026 | 12.42% |
| Dec 31, 2025 | 12.33% |
| Sep 30, 2025 | 12.25% |
| Jun 30, 2025 | 11.54% |
| Mar 31, 2025 | 11.41% |
| Dec 31, 2024 | 9.86% |
| Sep 30, 2024 | 9.57% |
| Jun 30, 2024 | 8.46% |
| Mar 31, 2024 | 7.78% |
| Dec 31, 2023 | 7.11% |
| Sep 30, 2023 | 6.23% |
| Jun 30, 2023 | 5.32% |
| Mar 31, 2023 | 4.69% |
| Dec 31, 2022 | 4.71% |
| Sep 30, 2022 | 5.73% |
| Jun 30, 2022 | 6.80% |
| Mar 31, 2022 | 7.13% |
| Dec 31, 2021 | 6.69% |
| Sep 30, 2021 | 5.48% |
API Access
Natural Grocers by Vitamin Cottage Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=NGVC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=NGVC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();