NGVC vs SFM
Natural Grocers by Vitamin Cottage, Inc. and Sprouts Farmers Market, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | NGVC | SFM |
|---|---|---|
| Revenue | $1.3B | $8.8B |
| Net income | $46.4M | $523.7M |
| Gross margin | 29.9% | 38.8% |
| Net margin | 3.5% | 5.9% |
| Return on equity | 24.0% | 38.4% |
| Diluted EPS | $2.00 | $5.31 |
| Dividend / share | · | · |
| Payout ratio | 23.7% | · |
| Free cash flow | $24.1M | $467.7M |
| Equity | $212.4M | $1.4B |
| Net debt / equity | · | · |
| Current ratio | 1.06× | 0.93× |
| Revenue CAGR 5y | 5.1% | 6.4% |
| Profit CAGR 5y | 18.3% | 12.7% |
SFM bills 6.6× the revenue of NGVC, and keeps more of each dollar of revenue as profit (5.9% against 3.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | NGVC | SFM |
|---|---|---|
| FY2025 | $1.3B | $8.8B |
| FY2024 | $1.2B | $7.7B |
| FY2023 | $1.1B | $6.8B |
| FY2022 | $1.1B | $6.4B |
| FY2021 | $1.1B | $6.1B |
| FY2020 | $1.0B | $6.5B |
| FY2019 | $903.6M | $5.6B |
| FY2018 | $849.0M | $5.2B |
| FY2017 | $769.0M | $4.7B |
| FY2016 | $705.5M | $4.0B |
Bottom line
| Fiscal year | NGVC | SFM |
|---|---|---|
| FY2025 | $46.4M | $523.7M |
| FY2024 | $33.9M | $380.6M |
| FY2023 | $23.2M | $258.9M |
| FY2022 | $21.4M | $261.2M |
| FY2021 | $20.6M | $244.2M |
| FY2020 | $20.0M | $287.4M |
| FY2019 | $9.4M | $149.6M |
| FY2018 | $12.7M | $158.5M |
| FY2017 | $6.9M | $158.4M |
| FY2016 | $11.5M | $124.3M |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$7,475,323,000 | SFM |
| FY2024 | −$6,477,705,000 | SFM |
| FY2023 | −$5,696,816,000 | SFM |
| FY2022 | −$5,314,598,000 | SFM |
| FY2021 | −$5,044,353,000 | SFM |
| FY2020 | −$5,431,917,000 | SFM |
| FY2019 | −$4,731,253,000 | SFM |
| FY2018 | −$4,358,294,000 | SFM |
| FY2017 | −$3,895,582,000 | SFM |
| FY2016 | −$3,340,886,000 | SFM |
| FY2015 | −$2,968,353,000 | SFM |
| FY2014 | −$2,446,750,000 | SFM |
| FY2013 | −$2,007,256,000 | SFM |
| FY2012 | −$1,458,438,000 | SFM |
| FY2011 | −$841,335,000 | SFM |
SFM has reported the higher revenue in every one of these 15 fiscal years. The gap has widened since the earliest year compared.
15 of 15 comparable fiscal years — a year missing data on either side is not counted.
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.5 pp | SFM |
| FY2024 | −2.2 pp | SFM |
| FY2023 | −1.7 pp | SFM |
| FY2022 | −2.1 pp | SFM |
| FY2021 | −2.1 pp | SFM |
| FY2020 | −2.5 pp | SFM |
| FY2019 | −1.6 pp | SFM |
| FY2018 | −1.6 pp | SFM |
| FY2017 | −2.5 pp | SFM |
| FY2016 | −1.4 pp | SFM |
| FY2015 | −1.0 pp | SFM |
| FY2014 | −1.0 pp | SFM |
| FY2013 | +0.3 pp | NGVC |
| FY2012 | +1.1 pp | NGVC |
| FY2011 | +4.2 pp | NGVC |
The higher net margin has changed hands between NGVC and SFM over this period.
15 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SFM's net margin has been more volatile than NGVC's over the 15 comparable fiscal years — 1.9 percentage points of standard deviation against 0.6.
15 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between NGVC and SFM over these 15 fiscal years — NGVC led in 3 and SFM in 12.
15 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SFM's return on equity has been more volatile than NGVC's over the 15 comparable fiscal years — 12.1 percentage points of standard deviation against 6.1.
15 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between NGVC and SFM over these 15 fiscal years — NGVC led in 3 and SFM in 12.
15 of 15 comparable fiscal years — a year missing data on either side is not counted.