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Natural Grocers by Vitamin Cottage vs Sprouts Farmers Market: revenue, profit, margins and growth compared

Natural Grocers by Vitamin Cottage brought in $1.3B of revenue in fiscal 2025, Sprouts Farmers Market $8.8B in fiscal 2025. Revenue changed by +7.2% at Natural Grocers by Vitamin Cottage and +14.1% at Sprouts Farmers Market on the year before, so Sprouts Farmers Market grew faster. Natural Grocers by Vitamin Cottage kept 3.5% of its revenue as net profit, Sprouts Farmers Market 5.9%. Free cash flow was $24.1M at Natural Grocers by Vitamin Cottage and $467.7M at Sprouts Farmers Market.

Side by side, latest fiscal year

NGVCSFM
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 28, 2025)
Revenue$1.3B$8.8B
Revenue growth+7.2%+14.1%
Net income$46.4M$523.7M
Net margin3.5%5.9%
Free cash flow$24.1M$467.7M
Free cash flow margin1.8%5.3%
Earnings per share (diluted)$2.00$5.31
Cash$17.1M$257.3M
Debt$0n/a
Price to earnings14.911.8
Market value$684.7M$5.8B
Dividend yieldn/an/a
Rank by revenue in sector#58 of 93 · Consumer staples#26 of 93 · Consumer staples

Over the years

Revenue
NGVC FY2018: $849MNGVC FY2019: $903.6MNGVC FY2020: $1BNGVC FY2021: $1.1BNGVC FY2022: $1.1BNGVC FY2023: $1.1BNGVC FY2024: $1.2BNGVC FY2025: $1.3BSFM FY2018: $5.2BSFM FY2019: $5.6BSFM FY2020: $6.5BSFM FY2021: $6.1BSFM FY2022: $6.4BSFM FY2023: $6.8BSFM FY2024: $7.7BSFM FY2025: $8.8BFY18FY19FY20FY21FY22FY23FY24FY25
NGVC $1.3BSFM $8.8B
Net income
NGVC FY2018: $12.7MNGVC FY2019: $9.4MNGVC FY2020: $20MNGVC FY2021: $20.6MNGVC FY2022: $21.4MNGVC FY2023: $23.2MNGVC FY2024: $33.9MNGVC FY2025: $46.4MSFM FY2018: $158.5MSFM FY2019: $149.6MSFM FY2020: $287.5MSFM FY2021: $244.2MSFM FY2022: $261.2MSFM FY2023: $258.9MSFM FY2024: $380.6MSFM FY2025: $523.7MFY18FY19FY20FY21FY22FY23FY24FY25
NGVC $46.4MSFM $523.7M
Net margin
NGVC FY2018: 1.5%NGVC FY2019: 1.0%NGVC FY2020: 1.9%NGVC FY2021: 1.9%NGVC FY2022: 2.0%NGVC FY2023: 2.0%NGVC FY2024: 2.7%NGVC FY2025: 3.5%SFM FY2018: 3.0%SFM FY2019: 2.7%SFM FY2020: 4.4%SFM FY2021: 4.0%SFM FY2022: 4.1%SFM FY2023: 3.8%SFM FY2024: 4.9%SFM FY2025: 5.9%FY18FY19FY20FY21FY22FY23FY24FY25
NGVC 3.5%SFM 5.9%
Revenue growth
NGVC FY2019: +6.4%NGVC FY2020: +14.7%NGVC FY2021: +1.8%NGVC FY2022: +3.2%NGVC FY2023: +4.7%NGVC FY2024: +8.9%NGVC FY2025: +7.2%SFM FY2019: +8.2%SFM FY2020: +14.8%SFM FY2021: -5.7%SFM FY2022: +5.0%SFM FY2023: +6.8%SFM FY2024: +12.9%SFM FY2025: +14.1%FY19FY20FY21FY22FY23FY24FY25
NGVC +7.2%SFM +14.1%
Free cash flow
NGVC FY2018: $19.2MNGVC FY2019: $7.4MNGVC FY2020: $39.8MNGVC FY2021: $27.5MNGVC FY2022: $11.7MNGVC FY2023: $28MNGVC FY2024: $36.2MNGVC FY2025: $24.1MSFM FY2018: $117.3MSFM FY2019: $172MSFM FY2020: $372.1MSFM FY2021: $262.4MSFM FY2022: $247.3MSFM FY2023: $239.8MSFM FY2024: $414.8MSFM FY2025: $467.7MFY18FY19FY20FY21FY22FY23FY24FY25
NGVC $24.1MSFM $467.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Natural Grocers by Vitamin Cottage and Sprouts Farmers Market

Which is bigger by revenue, Natural Grocers by Vitamin Cottage or Sprouts Farmers Market?

Sprouts Farmers Market is bigger by revenue: $8.8B in fiscal 2025, against $1.3B for Natural Grocers by Vitamin Cottage in fiscal 2025.

Which keeps more of its revenue as profit, Natural Grocers by Vitamin Cottage or Sprouts Farmers Market?

Natural Grocers by Vitamin Cottage had a net margin of 3.5% in fiscal 2025; Sprouts Farmers Market had 5.9% in fiscal 2025.

Which grew revenue faster, Natural Grocers by Vitamin Cottage or Sprouts Farmers Market?

In their latest fiscal years revenue changed by +7.2% at Natural Grocers by Vitamin Cottage and +14.1% at Sprouts Farmers Market.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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