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Side-by-side financial comparison of ALBANY INTERNATIONAL CORP (AIN) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Natural Grocers by Vitamin Cottage, Inc. is the larger business by last-quarter revenue ($335.6M vs $321.2M, roughly 1.0× ALBANY INTERNATIONAL CORP). ALBANY INTERNATIONAL CORP runs the higher net margin — 4.3% vs 3.4%, a 0.9% gap on every dollar of revenue. On growth, ALBANY INTERNATIONAL CORP posted the faster year-over-year revenue change (12.0% vs 1.6%). ALBANY INTERNATIONAL CORP produced more free cash flow last quarter ($51.4M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs 1.2%).
Albany International Corp is a global advanced materials and industrial technology company. It operates two core segments: Machine Clothing producing custom engineered fabrics for paper and other industrial manufacturing processes, and Engineered Composites developing high-performance composite components primarily for the aerospace and defense sectors, serving customers across North America, Europe, Asia and other global regions.
Natural Grocers by Vitamin Cottage, Inc. is a U.S.-based specialty retail chain that offers certified organic groceries, dietary supplements, natural personal care items, and eco-friendly household products. It serves health-conscious consumers across multiple U.S. states, following strict quality standards that exclude artificial preservatives, colors, flavors and harmful additives.
AIN vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $321.2M | $335.6M |
| Net Profit | $13.9M | $11.3M |
| Gross Margin | 31.1% | 29.5% |
| Operating Margin | 9.3% | 4.4% |
| Net Margin | 4.3% | 3.4% |
| Revenue YoY | 12.0% | 1.6% |
| Net Profit YoY | -21.5% | 14.0% |
| EPS (diluted) | $0.56 | $0.49 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $321.2M | $335.6M | ||
| Q3 25 | $261.4M | $336.1M | ||
| Q2 25 | $311.4M | $328.7M | ||
| Q1 25 | $288.8M | $335.8M | ||
| Q4 24 | $286.9M | $330.2M | ||
| Q3 24 | $298.4M | $322.7M | ||
| Q2 24 | $332.0M | $309.1M | ||
| Q1 24 | $313.3M | $308.1M |
| Q4 25 | $13.9M | $11.3M | ||
| Q3 25 | $-97.8M | $11.8M | ||
| Q2 25 | $9.2M | $11.6M | ||
| Q1 25 | $17.4M | $13.1M | ||
| Q4 24 | $17.7M | $9.9M | ||
| Q3 24 | $18.0M | $9.0M | ||
| Q2 24 | $24.6M | $9.2M | ||
| Q1 24 | $27.3M | $8.0M |
| Q4 25 | 31.1% | 29.5% | ||
| Q3 25 | -19.1% | 29.5% | ||
| Q2 25 | 31.3% | 29.9% | ||
| Q1 25 | 33.4% | 30.3% | ||
| Q4 24 | 31.5% | 29.9% | ||
| Q3 24 | 30.3% | 29.6% | ||
| Q2 24 | 33.9% | 29.2% | ||
| Q1 24 | 34.7% | 29.3% |
| Q4 25 | 9.3% | 4.4% | ||
| Q3 25 | -44.6% | 4.6% | ||
| Q2 25 | 7.2% | 4.7% | ||
| Q1 25 | 9.8% | 5.2% | ||
| Q4 24 | 8.5% | 4.0% | ||
| Q3 24 | 8.4% | 3.7% | ||
| Q2 24 | 12.9% | 4.2% | ||
| Q1 24 | 12.4% | 3.7% |
| Q4 25 | 4.3% | 3.4% | ||
| Q3 25 | -37.4% | 3.5% | ||
| Q2 25 | 2.9% | 3.5% | ||
| Q1 25 | 6.0% | 3.9% | ||
| Q4 24 | 6.2% | 3.0% | ||
| Q3 24 | 6.0% | 2.8% | ||
| Q2 24 | 7.4% | 3.0% | ||
| Q1 24 | 8.7% | 2.6% |
| Q4 25 | $0.56 | $0.49 | ||
| Q3 25 | $-3.37 | $0.51 | ||
| Q2 25 | $0.31 | $0.50 | ||
| Q1 25 | $0.56 | $0.56 | ||
| Q4 24 | $0.57 | $0.43 | ||
| Q3 24 | $0.57 | $0.38 | ||
| Q2 24 | $0.79 | $0.40 | ||
| Q1 24 | $0.87 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $112.3M | $23.2M |
| Total DebtLower is stronger | $455.7M | — |
| Stockholders' EquityBook value | $726.2M | $220.0M |
| Total Assets | $1.7B | $668.6M |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.3M | $23.2M | ||
| Q3 25 | $108.3M | $17.1M | ||
| Q2 25 | $106.7M | $13.2M | ||
| Q1 25 | $119.4M | $21.2M | ||
| Q4 24 | $115.3M | $6.3M | ||
| Q3 24 | $127.2M | $8.9M | ||
| Q2 24 | $116.4M | $13.9M | ||
| Q1 24 | $125.4M | $11.0M |
| Q4 25 | $455.7M | — | ||
| Q3 25 | $480.6M | — | ||
| Q2 25 | $444.7M | — | ||
| Q1 25 | $416.4M | — | ||
| Q4 24 | $318.5M | — | ||
| Q3 24 | $362.2M | — | ||
| Q2 24 | $377.1M | — | ||
| Q1 24 | $439.1M | — |
| Q4 25 | $726.2M | $220.0M | ||
| Q3 25 | $739.3M | $212.4M | ||
| Q2 25 | $888.6M | $202.5M | ||
| Q1 25 | $900.0M | $193.0M | ||
| Q4 24 | $943.5M | $181.9M | ||
| Q3 24 | $991.0M | $174.3M | ||
| Q2 24 | $967.5M | $167.8M | ||
| Q1 24 | $967.5M | $160.0M |
| Q4 25 | $1.7B | $668.6M | ||
| Q3 25 | $1.7B | $670.5M | ||
| Q2 25 | $1.7B | $659.0M | ||
| Q1 25 | $1.7B | $664.6M | ||
| Q4 24 | $1.6B | $648.9M | ||
| Q3 24 | $1.8B | $655.5M | ||
| Q2 24 | $1.8B | $654.4M | ||
| Q1 24 | $1.8B | $656.6M |
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.39× | — | ||
| Q1 24 | 0.45× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.7M | $21.1M |
| Free Cash FlowOCF − Capex | $51.4M | $11.6M |
| FCF MarginFCF / Revenue | 16.0% | 3.4% |
| Capex IntensityCapex / Revenue | 6.9% | 2.9% |
| Cash ConversionOCF / Net Profit | 5.31× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $82.6M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.7M | $21.1M | ||
| Q3 25 | $43.9M | $15.6M | ||
| Q2 25 | $32.7M | $2.9M | ||
| Q1 25 | $2.1M | $34.1M | ||
| Q4 24 | $78.5M | $2.7M | ||
| Q3 24 | $47.0M | $24.5M | ||
| Q2 24 | $83.4M | $12.4M | ||
| Q1 24 | $9.6M | $20.2M |
| Q4 25 | $51.4M | $11.6M | ||
| Q3 25 | $25.9M | $7.5M | ||
| Q2 25 | $18.8M | $-4.2M | ||
| Q1 25 | $-13.5M | $27.6M | ||
| Q4 24 | $60.2M | $-6.9M | ||
| Q3 24 | $31.6M | $18.0M | ||
| Q2 24 | $63.6M | $3.6M | ||
| Q1 24 | $-17.3M | $9.8M |
| Q4 25 | 16.0% | 3.4% | ||
| Q3 25 | 9.9% | 2.2% | ||
| Q2 25 | 6.0% | -1.3% | ||
| Q1 25 | -4.7% | 8.2% | ||
| Q4 24 | 21.0% | -2.1% | ||
| Q3 24 | 10.6% | 5.6% | ||
| Q2 24 | 19.2% | 1.2% | ||
| Q1 24 | -5.5% | 3.2% |
| Q4 25 | 6.9% | 2.9% | ||
| Q3 25 | 6.9% | 2.4% | ||
| Q2 25 | 4.5% | 2.2% | ||
| Q1 25 | 5.4% | 1.9% | ||
| Q4 24 | 6.4% | 2.9% | ||
| Q3 24 | 5.2% | 2.0% | ||
| Q2 24 | 6.0% | 2.9% | ||
| Q1 24 | 8.6% | 3.4% |
| Q4 25 | 5.31× | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | 3.56× | 0.25× | ||
| Q1 25 | 0.12× | 2.60× | ||
| Q4 24 | 4.44× | 0.27× | ||
| Q3 24 | 2.61× | 2.72× | ||
| Q2 24 | 3.39× | 1.35× | ||
| Q1 24 | 0.35× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIN
| Transferred At Point In Time | $176.5M | 55% |
| Engineered Composites Other | $99.3M | 31% |
| Engineered Composites ASC | $44.5M | 14% |
| Transferred Over Time | $1.0M | 0% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
