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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
BJs RESTAURANTS INC is the larger business by last-quarter revenue ($355.4M vs $335.6M, roughly 1.1× Natural Grocers by Vitamin Cottage, Inc.). BJs RESTAURANTS INC runs the higher net margin — 3.6% vs 3.4%, a 0.2% gap on every dollar of revenue. On growth, BJs RESTAURANTS INC posted the faster year-over-year revenue change (3.2% vs 1.6%). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs 2.6%).
BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.
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.
BJRI vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $355.4M | $335.6M |
| Net Profit | $12.6M | $11.3M |
| Gross Margin | 74.5% | 29.5% |
| Operating Margin | 3.1% | 4.4% |
| Net Margin | 3.6% | 3.4% |
| Revenue YoY | 3.2% | 1.6% |
| Net Profit YoY | -24.2% | 14.0% |
| EPS (diluted) | $0.58 | $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 | $355.4M | $335.6M | ||
| Q3 25 | $365.6M | $336.1M | ||
| Q2 25 | $348.0M | $328.7M | ||
| Q1 25 | — | $335.8M | ||
| Q4 24 | $325.7M | $330.2M | ||
| Q3 24 | $349.9M | $322.7M | ||
| Q2 24 | $337.3M | $309.1M | ||
| Q1 24 | — | $308.1M |
| Q4 25 | $12.6M | $11.3M | ||
| Q3 25 | $22.2M | $11.8M | ||
| Q2 25 | $13.5M | $11.6M | ||
| Q1 25 | — | $13.1M | ||
| Q4 24 | $-2.9M | $9.9M | ||
| Q3 24 | $17.2M | $9.0M | ||
| Q2 24 | $7.7M | $9.2M | ||
| Q1 24 | — | $8.0M |
| Q4 25 | 74.5% | 29.5% | ||
| Q3 25 | 75.2% | 29.5% | ||
| Q2 25 | 75.0% | 29.9% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | 73.4% | 29.9% | ||
| Q3 24 | 74.3% | 29.6% | ||
| Q2 24 | 74.8% | 29.2% | ||
| Q1 24 | — | 29.3% |
| Q4 25 | 3.1% | 4.4% | ||
| Q3 25 | 5.8% | 4.6% | ||
| Q2 25 | 4.3% | 4.7% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | -0.8% | 4.0% | ||
| Q3 24 | 3.8% | 3.7% | ||
| Q2 24 | 2.4% | 4.2% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | 3.6% | 3.4% | ||
| Q3 25 | 6.1% | 3.5% | ||
| Q2 25 | 3.9% | 3.5% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | -0.9% | 3.0% | ||
| Q3 24 | 4.9% | 2.8% | ||
| Q2 24 | 2.3% | 3.0% | ||
| Q1 24 | — | 2.6% |
| Q4 25 | $0.58 | $0.49 | ||
| Q3 25 | $0.97 | $0.51 | ||
| Q2 25 | $0.58 | $0.50 | ||
| Q1 25 | — | $0.56 | ||
| Q4 24 | $-0.13 | $0.43 | ||
| Q3 24 | $0.72 | $0.38 | ||
| Q2 24 | $0.32 | $0.40 | ||
| Q1 24 | — | $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 | $23.8M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $366.2M | $220.0M |
| Total Assets | $1.0B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.8M | $23.2M | ||
| Q3 25 | $26.0M | $17.1M | ||
| Q2 25 | $19.0M | $13.2M | ||
| Q1 25 | — | $21.2M | ||
| Q4 24 | $18.4M | $6.3M | ||
| Q3 24 | $16.2M | $8.9M | ||
| Q2 24 | $18.8M | $13.9M | ||
| Q1 24 | — | $11.0M |
| Q4 25 | — | — | ||
| Q3 25 | $60.5M | — | ||
| Q2 25 | $85.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $66.5M | — | ||
| Q3 24 | $63.5M | — | ||
| Q2 24 | $58.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $366.2M | $220.0M | ||
| Q3 25 | $386.6M | $212.4M | ||
| Q2 25 | $371.5M | $202.5M | ||
| Q1 25 | — | $193.0M | ||
| Q4 24 | $376.2M | $181.9M | ||
| Q3 24 | $386.5M | $174.3M | ||
| Q2 24 | $375.4M | $167.8M | ||
| Q1 24 | — | $160.0M |
| Q4 25 | $1.0B | $668.6M | ||
| Q3 25 | $1.0B | $670.5M | ||
| Q2 25 | $1.0B | $659.0M | ||
| Q1 25 | — | $664.6M | ||
| Q4 24 | $1.0B | $648.9M | ||
| Q3 24 | $1.0B | $655.5M | ||
| Q2 24 | $1.0B | $654.4M | ||
| Q1 24 | — | $656.6M |
| Q4 25 | — | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | — | — |
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 | — | $21.1M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.1M | ||
| Q3 25 | $62.3M | $15.6M | ||
| Q2 25 | $4.6M | $2.9M | ||
| Q1 25 | — | $34.1M | ||
| Q4 24 | $27.3M | $2.7M | ||
| Q3 24 | $20.2M | $24.5M | ||
| Q2 24 | $22.3M | $12.4M | ||
| Q1 24 | — | $20.2M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | $41.9M | $7.5M | ||
| Q2 25 | $-12.1M | $-4.2M | ||
| Q1 25 | — | $27.6M | ||
| Q4 24 | $7.6M | $-6.9M | ||
| Q3 24 | $735.0K | $18.0M | ||
| Q2 24 | $448.0K | $3.6M | ||
| Q1 24 | — | $9.8M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | 11.5% | 2.2% | ||
| Q2 25 | -3.5% | -1.3% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | 2.3% | -2.1% | ||
| Q3 24 | 0.2% | 5.6% | ||
| Q2 24 | 0.1% | 1.2% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | 5.6% | 2.4% | ||
| Q2 25 | 4.8% | 2.2% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | 6.0% | 2.9% | ||
| Q3 24 | 5.6% | 2.0% | ||
| Q2 24 | 6.5% | 2.9% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | 2.80× | 1.32× | ||
| Q2 25 | 0.34× | 0.25× | ||
| Q1 25 | — | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | 1.18× | 2.72× | ||
| Q2 24 | 2.89× | 1.35× | ||
| Q1 24 | — | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BJRI
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
