Natural Grocers by Vitamin Cottage, Inc. NGVC NYSE

Natural Grocers by Vitamin Cottage, Inc. (NGVC) generated $55.3M in operating cash flow for fiscal year 2025. After capital expenditures of $31.2M, free cash flow was $24.1M.

Free cash flow margin was 1.8% of revenue. Cash conversion ratio was 1.19x, indicating earnings are backed by cash.

The company returned $11.01M in dividends and $1.25M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (43/100, Fail) — limited free cash flow weakens the competitive position
• INCOME (30/100) — Cash conversion ratio was 1.19x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 61/100 with 3/7 criteria passed.