Natural Grocers by Vitamin Cottage annual operating margin
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Natural Grocers by Vitamin Cottage Operating Margin Growth & History (NGVC)
Natural Grocers by Vitamin Cottage's operating margin was 4.66% for fiscal 2025.
View full Natural Grocers by Vitamin Cottage company overviewNatural Grocers by Vitamin Cottage annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-30 | 4.66% | +0.87 pp |
| 2024 | 2024-09-30 | 3.78% | +1.01 pp |
| 2023 | 2023-09-30 | 2.78% | +0.01 pp |
| 2022 | 2022-09-30 | 2.77% | +0.08 pp |
| 2021 | 2021-09-30 | 2.68% | +0.01 pp |
| 2020 | 2020-09-30 | 2.68% | +0.82 pp |
| 2019 | 2019-09-30 | 1.86% | +0.08 pp |
| 2018 | 2018-09-30 | 1.77% | −0.06 pp |
| 2017 | 2017-09-30 | 1.83% | −1.06 pp |
| 2016 | 2016-09-30 | 2.89% | −1.69 pp |
| 2015 | 2015-09-30 | 4.58% | −0.07 pp |
| 2014 | 2014-09-30 | 4.66% | +0.22 pp |
| 2013 | 2013-09-30 | 4.43% | +0.87 pp |
| 2012 | 2012-09-30 | 3.57% | — |
Natural Grocers by Vitamin Cottage quarterly operating margin
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Q3.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-30 | 4.48% | −0.26 pp |
| Q2 2026 | 2026-03-31 | 5.37% | +0.14 pp |
| Q1 2026 | 2025-12-31 | 4.36% | +0.32 pp |
| Q4 2025 | 2025-09-30 | 4.61% | +0.87 pp |
| Q3 2025 | 2025-06-30 | 4.74% | +0.59 pp |
| Q2 2025 | 2025-03-31 | 5.23% | +1.57 pp |
| Q1 2025 | 2024-12-31 | 4.04% | +0.46 pp |
| Q4 2024 | 2024-09-30 | 3.74% | +0.52 pp |
| Q3 2024 | 2024-06-30 | 4.16% | +1.18 pp |
| Q2 2024 | 2024-03-31 | 3.66% | +2.34 pp |
| Q1 2024 | 2023-12-31 | 3.58% | +1.46 pp |
| Q3 2023 | 2023-06-30 | 3.22% | −0.04 pp |
| Q2 2023 | 2023-03-31 | 2.98% | −1.36 pp |
| Q4 2022 | 2022-09-30 | 1.32% | −2.12 pp |
| Q3 2022 | 2022-06-30 | 2.12% | −0.60 pp |
| Q2 2022 | 2022-03-31 | 3.26% | +0.67 pp |
| Q1 2022 | 2021-12-31 | 4.34% | +2.37 pp |
| Q4 2021 | 2021-09-30 | 3.44% | +1.56 pp |
| Q3 2021 | 2021-06-30 | 2.73% | +0.20 pp |
| Q2 2021 | 2021-03-31 | 2.59% | −2.19 pp |
| Q1 2021 | 2020-12-31 | 1.96% | +0.72 pp |
| Q4 2020 | 2020-09-30 | 1.88% | +0.66 pp |
| Q3 2020 | 2020-06-30 | 2.52% | +0.81 pp |
| Q2 2020 | 2020-03-31 | 4.78% | +2.12 pp |
| Q1 2020 | 2019-12-31 | 1.24% | −0.58 pp |
| Q4 2019 | 2019-09-30 | 1.22% | −0.37 pp |
| Q3 2019 | 2019-06-30 | 1.71% | −0.05 pp |
| Q2 2019 | 2019-03-31 | 2.66% | +0.04 pp |
| Q1 2019 | 2018-12-31 | 1.82% | +0.74 pp |
| Q4 2018 | 2018-09-30 | 1.59% | +0.21 pp |
| Q3 2018 | 2018-06-30 | 1.76% | +0.90 pp |
| Q2 2018 | 2018-03-31 | 2.61% | −0.25 pp |
| Q1 2018 | 2017-12-31 | 1.08% | −1.19 pp |
| Q4 2017 | 2017-09-30 | 1.38% | −0.40 pp |
| Q3 2017 | 2017-06-30 | 0.86% | −1.38 pp |
| Q2 2017 | 2017-03-31 | 2.87% | −0.77 pp |
| Q1 2017 | 2016-12-31 | 2.27% | −1.72 pp |
| Q4 2016 | 2016-09-30 | 1.78% | −1.65 pp |
| Q3 2016 | 2016-06-30 | 2.24% | −2.32 pp |
| Q2 2016 | 2016-03-31 | 3.64% | −2.31 pp |
| Q1 2016 | 2015-12-31 | 3.99% | −0.43 pp |
| Q4 2015 | 2015-09-30 | 3.43% | −0.71 pp |
| Q3 2015 | 2015-06-30 | 4.56% | +0.02 pp |
| Q2 2015 | 2015-03-31 | 5.95% | +0.49 pp |
| Q1 2015 | 2014-12-31 | 4.42% | −0.09 pp |
| Q4 2014 | 2014-09-30 | 4.14% | −0.46 pp |
| Q3 2014 | 2014-06-30 | 4.54% | — |
| Q2 2014 | 2014-03-31 | 5.46% | — |
| Q1 2014 | 2013-12-31 | 4.50% | — |
| Q3 2013 | 2013-06-30 | 4.60% | — |
Natural Grocers by Vitamin Cottage operating margin trends
Over the last five reported fiscal years, Natural Grocers by Vitamin Cottage's operating margin increased from 2.68% to 4.66%, a change of +1.98 percentage points. The latest reported quarter, Q3 2026, shows 4.48%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Natural Grocers by Vitamin Cottage filings at SEC.gov ↗