Natural Grocers by Vitamin Cottage, Inc. (NGVC)

NGVC Income Statement

Financials in millions USD. Fiscal year is October - September.

Year	2023	2022	2021	2020	2019
Revenue	1,141	1,090	1,056	1,037	903.58
Revenue Growth (YoY)	4.68%	3.23%	1.80%	14.75%	6.42%
Cost of Revenue	813.64	784.74	763.33	753.7	664.83
Gross Profit	326.93	304.88	292.19	283.14	238.75
Selling, General & Admin	293.26	273.62	262.94	253.85	220.63
Other Operating Expenses	2.01	1.11	0.92	1.54	1.36
Operating Expenses	295.26	274.73	263.86	255.39	221.99
Operating Income	31.67	30.16	28.33	27.75	16.77
Interest Expense / Income	3.3	2.37	2.27	2.05	4.95
Pretax Income	28.37	27.78	26.06	25.7	11.81
Income Tax	5.13	6.42	5.48	5.69	2.4
Net Income	23.24	21.37	20.58	20.01	9.42
Net Income Growth	8.79%	3.81%	2.86%	112.50%	-25.63%
Shares Outstanding (Basic)	23	23	23	23	22
Shares Outstanding (Diluted)	23	23	23	23	23
Shares Change	0.08%	0.47%	0.59%	0.10%	0.63%
EPS (Basic)	1.02	0.94	0.91	0.89	0.42
EPS (Diluted)	1.02	0.94	0.91	0.89	0.42
EPS Growth	8.51%	3.30%	2.25%	111.90%	-25.00%
Free Cash Flow	28.15	11.68	27.62	39.75	8.19
Free Cash Flow Per Share	1.24	0.52	1.22	1.77	0.36
Dividend Per Share	0.400	0.400	2.280	0.280	-
Dividend Growth	0%	-82.46%	714.29%	-	-
Gross Margin	28.66%	27.98%	27.68%	27.31%	26.42%
Operating Margin	2.78%	2.77%	2.68%	2.68%	1.86%
Profit Margin	2.04%	1.96%	1.95%	1.93%	1.04%
Free Cash Flow Margin	2.47%	1.07%	2.62%	3.83%	0.91%
Effective Tax Rate	18.07%	23.10%	21.01%	22.15%	20.30%
EBITDA	60.58	58.06	57.96	58.94	45.74
EBITDA Margin	5.31%	5.33%	5.49%	5.68%	5.06%
Depreciation & Amortization	28.91	27.91	29.63	31.19	28.98
EBIT	31.67	30.16	28.33	27.75	16.77
EBIT Margin	2.78%	2.77%	2.68%	2.68%	1.86%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).