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Side-by-side financial comparison of AMERICAN WOODMARK CORP (AMWD) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.

AMERICAN WOODMARK CORP is the larger business by last-quarter revenue ($394.6M vs $335.6M, roughly 1.2× Natural Grocers by Vitamin Cottage, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs 1.5%, a 1.8% gap on every dollar of revenue. On growth, Natural Grocers by Vitamin Cottage, Inc. posted the faster year-over-year revenue change (1.6% vs -12.8%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $638.0K). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -3.3%).

American Woodmark Corporation is a kitchen and bath cabinet manufacturer headquartered in Winchester, Virginia. The company operates several manufacturing facilities and service centers. The manufacturing facilities are located in Arizona, Georgia, Indiana, Kentucky, Maryland, Tennessee, Virginia, and West Virginia with service centers being located throughout the country.

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.

AMWD vs NGVC — Head-to-Head

Bigger by revenue
AMWD
AMWD
1.2× larger
AMWD
$394.6M
$335.6M
NGVC
Growing faster (revenue YoY)
NGVC
NGVC
+14.4% gap
NGVC
1.6%
-12.8%
AMWD
Higher net margin
NGVC
NGVC
1.8% more per $
NGVC
3.4%
1.5%
AMWD
More free cash flow
NGVC
NGVC
$10.9M more FCF
NGVC
$11.6M
$638.0K
AMWD
Faster 2-yr revenue CAGR
NGVC
NGVC
Annualised
NGVC
4.4%
-3.3%
AMWD

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AMWD
AMWD
NGVC
NGVC
Revenue
$394.6M
$335.6M
Net Profit
$6.1M
$11.3M
Gross Margin
15.2%
29.5%
Operating Margin
3.1%
4.4%
Net Margin
1.5%
3.4%
Revenue YoY
-12.8%
1.6%
Net Profit YoY
-78.0%
14.0%
EPS (diluted)
$0.42
$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.

Revenue
AMWD
AMWD
NGVC
NGVC
Q4 25
$394.6M
$335.6M
Q3 25
$403.0M
$336.1M
Q2 25
$400.4M
$328.7M
Q1 25
$397.6M
$335.8M
Q4 24
$452.5M
$330.2M
Q3 24
$459.1M
$322.7M
Q2 24
$453.3M
$309.1M
Q1 24
$422.1M
$308.1M
Net Profit
AMWD
AMWD
NGVC
NGVC
Q4 25
$6.1M
$11.3M
Q3 25
$14.6M
$11.8M
Q2 25
$25.6M
$11.6M
Q1 25
$16.6M
$13.1M
Q4 24
$27.7M
$9.9M
Q3 24
$29.6M
$9.0M
Q2 24
$26.8M
$9.2M
Q1 24
$21.2M
$8.0M
Gross Margin
AMWD
AMWD
NGVC
NGVC
Q4 25
15.2%
29.5%
Q3 25
16.7%
29.5%
Q2 25
17.0%
29.9%
Q1 25
15.0%
30.3%
Q4 24
18.9%
29.9%
Q3 24
20.2%
29.6%
Q2 24
18.6%
29.2%
Q1 24
19.2%
29.3%
Operating Margin
AMWD
AMWD
NGVC
NGVC
Q4 25
3.1%
4.4%
Q3 25
5.0%
4.6%
Q2 25
7.4%
4.7%
Q1 25
5.3%
5.2%
Q4 24
9.4%
4.0%
Q3 24
10.2%
3.7%
Q2 24
8.4%
4.2%
Q1 24
6.6%
3.7%
Net Margin
AMWD
AMWD
NGVC
NGVC
Q4 25
1.5%
3.4%
Q3 25
3.6%
3.5%
Q2 25
6.4%
3.5%
Q1 25
4.2%
3.9%
Q4 24
6.1%
3.0%
Q3 24
6.5%
2.8%
Q2 24
5.9%
3.0%
Q1 24
5.0%
2.6%
EPS (diluted)
AMWD
AMWD
NGVC
NGVC
Q4 25
$0.42
$0.49
Q3 25
$1.00
$0.51
Q2 25
$1.73
$0.50
Q1 25
$1.09
$0.56
Q4 24
$1.79
$0.43
Q3 24
$1.89
$0.38
Q2 24
$1.70
$0.40
Q1 24
$1.32
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMWD
AMWD
NGVC
NGVC
Cash + ST InvestmentsLiquidity on hand
$52.1M
$23.2M
Total DebtLower is stronger
$363.3M
Stockholders' EquityBook value
$928.2M
$220.0M
Total Assets
$1.6B
$668.6M
Debt / EquityLower = less leverage
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMWD
AMWD
NGVC
NGVC
Q4 25
$52.1M
$23.2M
Q3 25
$54.9M
$17.1M
Q2 25
$48.2M
$13.2M
Q1 25
$43.5M
$21.2M
Q4 24
$56.7M
$6.3M
Q3 24
$89.3M
$8.9M
Q2 24
$87.4M
$13.9M
Q1 24
$97.8M
$11.0M
Total Debt
AMWD
AMWD
NGVC
NGVC
Q4 25
$363.3M
Q3 25
$364.8M
Q2 25
$365.8M
Q1 25
$367.3M
Q4 24
$368.0M
Q3 24
$372.2M
Q2 24
$371.8M
Q1 24
$371.3M
Stockholders' Equity
AMWD
AMWD
NGVC
NGVC
Q4 25
$928.2M
$220.0M
Q3 25
$920.3M
$212.4M
Q2 25
$916.0M
$202.5M
Q1 25
$919.6M
$193.0M
Q4 24
$915.1M
$181.9M
Q3 24
$913.8M
$174.3M
Q2 24
$910.4M
$167.8M
Q1 24
$896.9M
$160.0M
Total Assets
AMWD
AMWD
NGVC
NGVC
Q4 25
$1.6B
$668.6M
Q3 25
$1.6B
$670.5M
Q2 25
$1.6B
$659.0M
Q1 25
$1.6B
$664.6M
Q4 24
$1.6B
$648.9M
Q3 24
$1.6B
$655.5M
Q2 24
$1.6B
$654.4M
Q1 24
$1.6B
$656.6M
Debt / Equity
AMWD
AMWD
NGVC
NGVC
Q4 25
0.39×
Q3 25
0.40×
Q2 25
0.40×
Q1 25
0.40×
Q4 24
0.40×
Q3 24
0.41×
Q2 24
0.41×
Q1 24
0.41×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMWD
AMWD
NGVC
NGVC
Operating Cash FlowLast quarter
$11.2M
$21.1M
Free Cash FlowOCF − Capex
$638.0K
$11.6M
FCF MarginFCF / Revenue
0.2%
3.4%
Capex IntensityCapex / Revenue
2.7%
2.9%
Cash ConversionOCF / Net Profit
1.83×
1.86×
TTM Free Cash FlowTrailing 4 quarters
$64.0M
$42.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMWD
AMWD
NGVC
NGVC
Q4 25
$11.2M
$21.1M
Q3 25
$33.1M
$15.6M
Q2 25
$44.8M
$2.9M
Q1 25
$11.0M
$34.1M
Q4 24
$11.9M
$2.7M
Q3 24
$40.8M
$24.5M
Q2 24
$43.3M
$12.4M
Q1 24
$43.7M
$20.2M
Free Cash Flow
AMWD
AMWD
NGVC
NGVC
Q4 25
$638.0K
$11.6M
Q3 25
$25.3M
$7.5M
Q2 25
$35.8M
$-4.2M
Q1 25
$2.3M
$27.6M
Q4 24
$1.1M
$-6.9M
Q3 24
$29.5M
$18.0M
Q2 24
$7.2M
$3.6M
Q1 24
$22.1M
$9.8M
FCF Margin
AMWD
AMWD
NGVC
NGVC
Q4 25
0.2%
3.4%
Q3 25
6.3%
2.2%
Q2 25
8.9%
-1.3%
Q1 25
0.6%
8.2%
Q4 24
0.2%
-2.1%
Q3 24
6.4%
5.6%
Q2 24
1.6%
1.2%
Q1 24
5.2%
3.2%
Capex Intensity
AMWD
AMWD
NGVC
NGVC
Q4 25
2.7%
2.9%
Q3 25
1.9%
2.4%
Q2 25
2.2%
2.2%
Q1 25
2.2%
1.9%
Q4 24
2.4%
2.9%
Q3 24
2.5%
2.0%
Q2 24
8.0%
2.9%
Q1 24
5.1%
3.4%
Cash Conversion
AMWD
AMWD
NGVC
NGVC
Q4 25
1.83×
1.86×
Q3 25
2.27×
1.32×
Q2 25
1.75×
0.25×
Q1 25
0.66×
2.60×
Q4 24
0.43×
0.27×
Q3 24
1.38×
2.72×
Q2 24
1.62×
1.35×
Q1 24
2.06×
2.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMWD
AMWD

Home Center Retailers$166.7M42%
Builders$164.7M42%
Independent Dealersand Distributors$63.2M16%

NGVC
NGVC

Grocery$243.8M73%
Dietary Supplements$60.7M18%
Manufactured Product Other$31.0M9%

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