vs
Side-by-side financial comparison of Criteo S.A. (CRTO) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Criteo S.A. is the larger business by last-quarter revenue ($482.7M vs $335.6M, roughly 1.4× Natural Grocers by Vitamin Cottage, Inc.). Criteo S.A. runs the higher net margin — 4.4% vs 3.4%, a 1.0% gap on every dollar of revenue. On growth, Criteo S.A. posted the faster year-over-year revenue change (2.4% vs 1.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-36.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs 1.4%).
Criteo S.A. is an advertising company that provides online display advertisements. The company was founded and is headquartered in Paris, France.
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.
CRTO vs NGVC — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $482.7M | $335.6M |
| Net Profit | $21.3M | $11.3M |
| Gross Margin | 53.6% | 29.5% |
| Operating Margin | 6.3% | 4.4% |
| Net Margin | 4.4% | 3.4% |
| Revenue YoY | 2.4% | 1.6% |
| Net Profit YoY | -21.3% | 14.0% |
| EPS (diluted) | $0.39 | $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 | — | $335.6M | ||
| Q3 25 | — | $336.1M | ||
| Q2 25 | $482.7M | $328.7M | ||
| Q1 25 | $451.4M | $335.8M | ||
| Q4 24 | $553.0M | $330.2M | ||
| Q3 24 | $458.9M | $322.7M | ||
| Q2 24 | $471.3M | $309.1M | ||
| Q1 24 | $450.1M | $308.1M |
| Q4 25 | — | $11.3M | ||
| Q3 25 | — | $11.8M | ||
| Q2 25 | $21.3M | $11.6M | ||
| Q1 25 | $37.9M | $13.1M | ||
| Q4 24 | $71.1M | $9.9M | ||
| Q3 24 | $6.2M | $9.0M | ||
| Q2 24 | $27.0M | $9.2M | ||
| Q1 24 | $7.2M | $8.0M |
| Q4 25 | — | 29.5% | ||
| Q3 25 | — | 29.5% | ||
| Q2 25 | 53.6% | 29.9% | ||
| Q1 25 | 52.5% | 30.3% | ||
| Q4 24 | 54.4% | 29.9% | ||
| Q3 24 | 50.5% | 29.6% | ||
| Q2 24 | 49.4% | 29.2% | ||
| Q1 24 | 48.3% | 29.3% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | 6.3% | 4.7% | ||
| Q1 25 | 10.7% | 5.2% | ||
| Q4 24 | 17.1% | 4.0% | ||
| Q3 24 | 2.1% | 3.7% | ||
| Q2 24 | 7.8% | 4.2% | ||
| Q1 24 | 2.3% | 3.7% |
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | 4.4% | 3.5% | ||
| Q1 25 | 8.4% | 3.9% | ||
| Q4 24 | 12.9% | 3.0% | ||
| Q3 24 | 1.4% | 2.8% | ||
| Q2 24 | 5.7% | 3.0% | ||
| Q1 24 | 1.6% | 2.6% |
| Q4 25 | — | $0.49 | ||
| Q3 25 | — | $0.51 | ||
| Q2 25 | $0.39 | $0.50 | ||
| Q1 25 | $0.66 | $0.56 | ||
| Q4 24 | $1.21 | $0.43 | ||
| Q3 24 | $0.11 | $0.38 | ||
| Q2 24 | $0.46 | $0.40 | ||
| Q1 24 | $0.12 | $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 | $223.6M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $220.0M |
| Total Assets | $2.1B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $17.1M | ||
| Q2 25 | $223.6M | $13.2M | ||
| Q1 25 | $313.2M | $21.2M | ||
| Q4 24 | $316.9M | $6.3M | ||
| Q3 24 | $231.8M | $8.9M | ||
| Q2 24 | $233.2M | $13.9M | ||
| Q1 24 | $278.1M | $11.0M |
| Q4 25 | — | $220.0M | ||
| Q3 25 | — | $212.4M | ||
| Q2 25 | $1.1B | $202.5M | ||
| Q1 25 | $1.1B | $193.0M | ||
| Q4 24 | $1.0B | $181.9M | ||
| Q3 24 | $1.1B | $174.3M | ||
| Q2 24 | $1.0B | $167.8M | ||
| Q1 24 | $1.0B | $160.0M |
| Q4 25 | — | $668.6M | ||
| Q3 25 | — | $670.5M | ||
| Q2 25 | $2.1B | $659.0M | ||
| Q1 25 | $2.1B | $664.6M | ||
| Q4 24 | $2.3B | $648.9M | ||
| Q3 24 | $2.2B | $655.5M | ||
| Q2 24 | $2.2B | $654.4M | ||
| Q1 24 | $2.2B | $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 | $-1.4M | $21.1M |
| Free Cash FlowOCF − Capex | $-36.6M | $11.6M |
| FCF MarginFCF / Revenue | -7.6% | 3.4% |
| Capex IntensityCapex / Revenue | 7.3% | 2.9% |
| Cash ConversionOCF / Net Profit | -0.07× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.1M | ||
| Q3 25 | — | $15.6M | ||
| Q2 25 | $-1.4M | $2.9M | ||
| Q1 25 | $62.3M | $34.1M | ||
| Q4 24 | $169.5M | $2.7M | ||
| Q3 24 | $57.5M | $24.5M | ||
| Q2 24 | $17.2M | $12.4M | ||
| Q1 24 | $14.0M | $20.2M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | $-36.6M | $-4.2M | ||
| Q1 25 | $45.3M | $27.6M | ||
| Q4 24 | — | $-6.9M | ||
| Q3 24 | — | $18.0M | ||
| Q2 24 | $-4.0M | $3.6M | ||
| Q1 24 | $173.0K | $9.8M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | -7.6% | -1.3% | ||
| Q1 25 | 10.0% | 8.2% | ||
| Q4 24 | — | -2.1% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | -0.9% | 1.2% | ||
| Q1 24 | 0.0% | 3.2% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | 7.3% | 2.2% | ||
| Q1 25 | 3.8% | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | 4.5% | 2.9% | ||
| Q1 24 | 3.1% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | -0.07× | 0.25× | ||
| Q1 25 | 1.64× | 2.60× | ||
| Q4 24 | 2.38× | 0.27× | ||
| Q3 24 | 9.21× | 2.72× | ||
| Q2 24 | 0.64× | 1.35× | ||
| Q1 24 | 1.93× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRTO
| Commerce Growth | $393.9M | 82% |
| Retail Media | $60.9M | 13% |
| Other | $27.9M | 6% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
