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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $335.6M, roughly 1.1× Natural Grocers by Vitamin Cottage, Inc.). Arhaus, Inc. runs the higher net margin — 4.1% vs 3.4%, a 0.8% gap on every dollar of revenue. On growth, Arhaus, Inc. posted the faster year-over-year revenue change (5.1% vs 1.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-8.8M). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs 4.4%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
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.
ARHS vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $335.6M |
| Net Profit | $15.1M | $11.3M |
| Gross Margin | 38.1% | 29.5% |
| Operating Margin | 5.6% | 4.4% |
| Net Margin | 4.1% | 3.4% |
| Revenue YoY | 5.1% | 1.6% |
| Net Profit YoY | -29.1% | 14.0% |
| EPS (diluted) | $0.11 | $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 | $364.8M | $335.6M | ||
| Q3 25 | $344.6M | $336.1M | ||
| Q2 25 | $358.4M | $328.7M | ||
| Q1 25 | $311.4M | $335.8M | ||
| Q4 24 | $347.0M | $330.2M | ||
| Q3 24 | $319.1M | $322.7M | ||
| Q2 24 | $309.8M | $309.1M | ||
| Q1 24 | $295.2M | $308.1M |
| Q4 25 | $15.1M | $11.3M | ||
| Q3 25 | $12.2M | $11.8M | ||
| Q2 25 | $35.1M | $11.6M | ||
| Q1 25 | $4.9M | $13.1M | ||
| Q4 24 | $21.3M | $9.9M | ||
| Q3 24 | $9.9M | $9.0M | ||
| Q2 24 | $22.2M | $9.2M | ||
| Q1 24 | $15.1M | $8.0M |
| Q4 25 | 38.1% | 29.5% | ||
| Q3 25 | 38.7% | 29.5% | ||
| Q2 25 | 41.4% | 29.9% | ||
| Q1 25 | 37.1% | 30.3% | ||
| Q4 24 | 40.0% | 29.9% | ||
| Q3 24 | 38.6% | 29.6% | ||
| Q2 24 | 40.1% | 29.2% | ||
| Q1 24 | 39.0% | 29.3% |
| Q4 25 | 5.6% | 4.4% | ||
| Q3 25 | 4.8% | 4.6% | ||
| Q2 25 | 13.0% | 4.7% | ||
| Q1 25 | 1.7% | 5.2% | ||
| Q4 24 | 8.2% | 4.0% | ||
| Q3 24 | 3.3% | 3.7% | ||
| Q2 24 | 9.5% | 4.2% | ||
| Q1 24 | 6.2% | 3.7% |
| Q4 25 | 4.1% | 3.4% | ||
| Q3 25 | 3.5% | 3.5% | ||
| Q2 25 | 9.8% | 3.5% | ||
| Q1 25 | 1.6% | 3.9% | ||
| Q4 24 | 6.1% | 3.0% | ||
| Q3 24 | 3.1% | 2.8% | ||
| Q2 24 | 7.2% | 3.0% | ||
| Q1 24 | 5.1% | 2.6% |
| Q4 25 | $0.11 | $0.49 | ||
| Q3 25 | $0.09 | $0.51 | ||
| Q2 25 | $0.25 | $0.50 | ||
| Q1 25 | $0.03 | $0.56 | ||
| Q4 24 | $0.15 | $0.43 | ||
| Q3 24 | $0.07 | $0.38 | ||
| Q2 24 | $0.16 | $0.40 | ||
| Q1 24 | $0.11 | $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 | $253.4M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $418.2M | $220.0M |
| Total Assets | $1.4B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $23.2M | ||
| Q3 25 | $262.2M | $17.1M | ||
| Q2 25 | $234.8M | $13.2M | ||
| Q1 25 | $214.4M | $21.2M | ||
| Q4 24 | $197.5M | $6.3M | ||
| Q3 24 | $177.7M | $8.9M | ||
| Q2 24 | $174.2M | $13.9M | ||
| Q1 24 | $233.2M | $11.0M |
| Q4 25 | $418.2M | $220.0M | ||
| Q3 25 | $400.4M | $212.4M | ||
| Q2 25 | $385.6M | $202.5M | ||
| Q1 25 | $348.8M | $193.0M | ||
| Q4 24 | $343.7M | $181.9M | ||
| Q3 24 | $320.6M | $174.3M | ||
| Q2 24 | $309.3M | $167.8M | ||
| Q1 24 | $285.6M | $160.0M |
| Q4 25 | $1.4B | $668.6M | ||
| Q3 25 | $1.4B | $670.5M | ||
| Q2 25 | $1.3B | $659.0M | ||
| Q1 25 | $1.3B | $664.6M | ||
| Q4 24 | $1.2B | $648.9M | ||
| Q3 24 | $1.2B | $655.5M | ||
| Q2 24 | $1.2B | $654.4M | ||
| Q1 24 | $1.2B | $656.6M |
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 | $9.3M | $21.1M |
| Free Cash FlowOCF − Capex | $-8.8M | $11.6M |
| FCF MarginFCF / Revenue | -2.4% | 3.4% |
| Capex IntensityCapex / Revenue | 5.0% | 2.9% |
| Cash ConversionOCF / Net Profit | 0.62× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $21.1M | ||
| Q3 25 | $46.1M | $15.6M | ||
| Q2 25 | $34.9M | $2.9M | ||
| Q1 25 | $46.5M | $34.1M | ||
| Q4 24 | $31.7M | $2.7M | ||
| Q3 24 | $31.1M | $24.5M | ||
| Q2 24 | $47.5M | $12.4M | ||
| Q1 24 | $36.8M | $20.2M |
| Q4 25 | $-8.8M | $11.6M | ||
| Q3 25 | $28.0M | $7.5M | ||
| Q2 25 | $20.9M | $-4.2M | ||
| Q1 25 | $18.9M | $27.6M | ||
| Q4 24 | $13.0M | $-6.9M | ||
| Q3 24 | $4.6M | $18.0M | ||
| Q2 24 | $11.3M | $3.6M | ||
| Q1 24 | $10.9M | $9.8M |
| Q4 25 | -2.4% | 3.4% | ||
| Q3 25 | 8.1% | 2.2% | ||
| Q2 25 | 5.8% | -1.3% | ||
| Q1 25 | 6.1% | 8.2% | ||
| Q4 24 | 3.7% | -2.1% | ||
| Q3 24 | 1.4% | 5.6% | ||
| Q2 24 | 3.6% | 1.2% | ||
| Q1 24 | 3.7% | 3.2% |
| Q4 25 | 5.0% | 2.9% | ||
| Q3 25 | 5.3% | 2.4% | ||
| Q2 25 | 3.9% | 2.2% | ||
| Q1 25 | 8.9% | 1.9% | ||
| Q4 24 | 5.4% | 2.9% | ||
| Q3 24 | 8.3% | 2.0% | ||
| Q2 24 | 11.7% | 2.9% | ||
| Q1 24 | 8.8% | 3.4% |
| Q4 25 | 0.62× | 1.86× | ||
| Q3 25 | 3.77× | 1.32× | ||
| Q2 25 | 1.00× | 0.25× | ||
| Q1 25 | 9.53× | 2.60× | ||
| Q4 24 | 1.49× | 0.27× | ||
| Q3 24 | 3.14× | 2.72× | ||
| Q2 24 | 2.14× | 1.35× | ||
| Q1 24 | 2.44× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
