Natural Grocers by Vitamin Cottage, Inc. NGVC NYSE

Natural Grocers by Vitamin Cottage, Inc. (NGVC) generated $21.13M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $9.57M, free cash flow was $11.56M.

Free cash flow margin was 3.4% of revenue. Cash conversion ratio was 1.86x, indicating earnings are backed by cash.

The company returned $3.46M in dividends and $1.12M in share buybacks to shareholders during the quarter.

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 1.86x confirms earnings are backed by real cash flow

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