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Side-by-side financial comparison of ASTRONICS CORP (ATRO) 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 $240.1M, roughly 1.4× ASTRONICS CORP). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs 1.6%). ASTRONICS CORP produced more free cash flow last quarter ($15.8M vs $11.6M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 4.4%).
Astronics Corporation is an American aerospace electronics corporation founded in 1968, headquartered in East Aurora, New York. It is traded on NASDAQ as Nasdaq: ATRO. It is known for lighting and electronics integrations on military, commercial, and business aircraft and semiconductor test systems.
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.
ATRO vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $335.6M |
| Net Profit | — | $11.3M |
| Gross Margin | 33.3% | 29.5% |
| Operating Margin | 14.8% | 4.4% |
| Net Margin | — | 3.4% |
| Revenue YoY | 15.1% | 1.6% |
| Net Profit YoY | — | 14.0% |
| EPS (diluted) | $0.82 | $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 | $240.1M | $335.6M | ||
| Q3 25 | $211.4M | $336.1M | ||
| Q2 25 | $204.7M | $328.7M | ||
| Q1 25 | $205.9M | $335.8M | ||
| Q4 24 | $208.5M | $330.2M | ||
| Q3 24 | $203.7M | $322.7M | ||
| Q2 24 | $198.1M | $309.1M | ||
| Q1 24 | $185.1M | $308.1M |
| Q4 25 | — | $11.3M | ||
| Q3 25 | $-11.1M | $11.8M | ||
| Q2 25 | $1.3M | $11.6M | ||
| Q1 25 | $9.5M | $13.1M | ||
| Q4 24 | — | $9.9M | ||
| Q3 24 | $-11.7M | $9.0M | ||
| Q2 24 | $1.5M | $9.2M | ||
| Q1 24 | $-3.2M | $8.0M |
| Q4 25 | 33.3% | 29.5% | ||
| Q3 25 | 30.5% | 29.5% | ||
| Q2 25 | 25.8% | 29.9% | ||
| Q1 25 | 29.5% | 30.3% | ||
| Q4 24 | 29.8% | 29.9% | ||
| Q3 24 | 27.1% | 29.6% | ||
| Q2 24 | 28.0% | 29.2% | ||
| Q1 24 | 25.7% | 29.3% |
| Q4 25 | 14.8% | 4.4% | ||
| Q3 25 | 10.9% | 4.6% | ||
| Q2 25 | 2.3% | 4.7% | ||
| Q1 25 | 6.4% | 5.2% | ||
| Q4 24 | 4.3% | 4.0% | ||
| Q3 24 | 4.1% | 3.7% | ||
| Q2 24 | 3.8% | 4.2% | ||
| Q1 24 | 0.9% | 3.7% |
| Q4 25 | — | 3.4% | ||
| Q3 25 | -5.2% | 3.5% | ||
| Q2 25 | 0.6% | 3.5% | ||
| Q1 25 | 4.6% | 3.9% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | -5.8% | 2.8% | ||
| Q2 24 | 0.8% | 3.0% | ||
| Q1 24 | -1.7% | 2.6% |
| Q4 25 | $0.82 | $0.49 | ||
| Q3 25 | $-0.31 | $0.51 | ||
| Q2 25 | $0.04 | $0.50 | ||
| Q1 25 | $0.26 | $0.56 | ||
| Q4 24 | $-0.07 | $0.43 | ||
| Q3 24 | $-0.34 | $0.38 | ||
| Q2 24 | $0.04 | $0.40 | ||
| Q1 24 | $-0.09 | $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 | $18.2M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $140.1M | $220.0M |
| Total Assets | $706.7M | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $23.2M | ||
| Q3 25 | $13.5M | $17.1M | ||
| Q2 25 | $13.5M | $13.2M | ||
| Q1 25 | $24.8M | $21.2M | ||
| Q4 24 | $9.3M | $6.3M | ||
| Q3 24 | $5.2M | $8.9M | ||
| Q2 24 | $2.9M | $13.9M | ||
| Q1 24 | $5.3M | $11.0M |
| Q4 25 | $140.1M | $220.0M | ||
| Q3 25 | $108.9M | $212.4M | ||
| Q2 25 | $271.6M | $202.5M | ||
| Q1 25 | $266.8M | $193.0M | ||
| Q4 24 | $256.1M | $181.9M | ||
| Q3 24 | $249.2M | $174.3M | ||
| Q2 24 | $257.9M | $167.8M | ||
| Q1 24 | $251.7M | $160.0M |
| Q4 25 | $706.7M | $668.6M | ||
| Q3 25 | $682.2M | $670.5M | ||
| Q2 25 | $646.7M | $659.0M | ||
| Q1 25 | $662.2M | $664.6M | ||
| Q4 24 | $648.8M | $648.9M | ||
| Q3 24 | $651.6M | $655.5M | ||
| Q2 24 | $644.9M | $654.4M | ||
| Q1 24 | $630.0M | $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 | $27.6M | $21.1M |
| Free Cash FlowOCF − Capex | $15.8M | $11.6M |
| FCF MarginFCF / Revenue | 6.6% | 3.4% |
| Capex IntensityCapex / Revenue | 4.9% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $21.1M | ||
| Q3 25 | $34.2M | $15.6M | ||
| Q2 25 | $-7.6M | $2.9M | ||
| Q1 25 | $20.6M | $34.1M | ||
| Q4 24 | $26.4M | $2.7M | ||
| Q3 24 | $8.4M | $24.5M | ||
| Q2 24 | $-6.3M | $12.4M | ||
| Q1 24 | $2.0M | $20.2M |
| Q4 25 | $15.8M | $11.6M | ||
| Q3 25 | $21.0M | $7.5M | ||
| Q2 25 | $-12.2M | $-4.2M | ||
| Q1 25 | $18.5M | $27.6M | ||
| Q4 24 | $23.2M | $-6.9M | ||
| Q3 24 | $6.5M | $18.0M | ||
| Q2 24 | $-8.1M | $3.6M | ||
| Q1 24 | $439.0K | $9.8M |
| Q4 25 | 6.6% | 3.4% | ||
| Q3 25 | 9.9% | 2.2% | ||
| Q2 25 | -6.0% | -1.3% | ||
| Q1 25 | 9.0% | 8.2% | ||
| Q4 24 | 11.1% | -2.1% | ||
| Q3 24 | 3.2% | 5.6% | ||
| Q2 24 | -4.1% | 1.2% | ||
| Q1 24 | 0.2% | 3.2% |
| Q4 25 | 4.9% | 2.9% | ||
| Q3 25 | 6.2% | 2.4% | ||
| Q2 25 | 2.2% | 2.2% | ||
| Q1 25 | 1.0% | 1.9% | ||
| Q4 24 | 1.5% | 2.9% | ||
| Q3 24 | 0.9% | 2.0% | ||
| Q2 24 | 0.9% | 2.9% | ||
| Q1 24 | 0.9% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | -5.81× | 0.25× | ||
| Q1 25 | 2.17× | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | -4.08× | 1.35× | ||
| Q1 24 | — | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATRO
| Product Line Electrical Power And Motion | $113.8M | 47% |
| Product Line Avionics | $32.0M | 13% |
| Military Aircraft | $28.0M | 12% |
| General Aviation | $22.3M | 9% |
| Government And Defense | $20.5M | 9% |
| Product Line Systems Certification | $13.2M | 6% |
| Product Line Structures | $3.7M | 2% |
| Product Line Other | $2.3M | 1% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
