Filing Flows › Natural Grocers by Vitamin Cottage (NGVC) › Operating margin
Natural Grocers by Vitamin Cottage (NGVC) operating margin by quarter
Natural Grocers by Vitamin Cottage's operating margin was 4.5% in Q3 FY26 (third quarter fiscal 2026), -0.9 pts from Q2 FY26. Over the last 7 quarters it ranged from 3.7% (Q4 FY24) to 5.4% (Q2 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 FY26 | 4.5% | -0.9 pts | -0.3 pts |
| Q2 FY26 | 5.4% | +1.0 pts | +0.1 pts |
| Q1 FY26 | 4.4% | -0.2 pts | — |
| Q4 FY25 | 4.6% | -0.1 pts | +0.9 pts |
| Q3 FY25 | 4.7% | -0.5 pts | — |
| Q2 FY25 | 5.2% | +1.5 pts | — |
| Q4 FY24 | 3.7% | — | — |
Q3 FY26 at a glance
Natural Grocers by Vitamin Cottage, Q3 FY26: revenue $335M (+2% year over year), operating margin 4.5%, net earnings $11.1M, operating cash flow $11.3M. The chart follows the revenue to costs, profit and cash.
Questions
What is Natural Grocers by Vitamin Cottage's operating margin?
Natural Grocers by Vitamin Cottage's operating margin was 4.5% in Q3 FY26 (third quarter fiscal 2026), -0.9 pts from Q2 FY26.
How has Natural Grocers by Vitamin Cottage's operating margin changed?
Over the last 7 quarters it ranged from 3.7% (Q4 FY24) to 5.4% (Q2 FY26).
Q3 FY26 results → · How Natural Grocers by Vitamin Cottage makes money →