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Side-by-side financial comparison of DUCOMMUN INC (DCO) 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 $215.8M, roughly 1.6× DUCOMMUN INC). DUCOMMUN INC runs the higher net margin — 3.4% vs 3.4%, a 0.1% gap on every dollar of revenue. On growth, DUCOMMUN INC posted the faster year-over-year revenue change (9.4% vs 1.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-78.8M). Over the past eight quarters, DUCOMMUN INC's revenue compounded faster (6.3% CAGR vs 4.4%).

Ducommun Inc. is a global aerospace and defense manufacturing enterprise that provides complex structural components, electronic systems and professional engineering services. It mainly serves clients across the commercial aviation, military defense and space sectors, delivering high-reliability solutions for critical aerospace application scenarios.

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.

DCO vs NGVC — Head-to-Head

Bigger by revenue
NGVC
NGVC
1.6× larger
NGVC
$335.6M
$215.8M
DCO
Growing faster (revenue YoY)
DCO
DCO
+7.8% gap
DCO
9.4%
1.6%
NGVC
Higher net margin
DCO
DCO
0.1% more per $
DCO
3.4%
3.4%
NGVC
More free cash flow
NGVC
NGVC
$90.3M more FCF
NGVC
$11.6M
$-78.8M
DCO
Faster 2-yr revenue CAGR
DCO
DCO
Annualised
DCO
6.3%
4.4%
NGVC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DCO
DCO
NGVC
NGVC
Revenue
$215.8M
$335.6M
Net Profit
$7.4M
$11.3M
Gross Margin
27.7%
29.5%
Operating Margin
6.5%
4.4%
Net Margin
3.4%
3.4%
Revenue YoY
9.4%
1.6%
Net Profit YoY
9.9%
14.0%
EPS (diluted)
$0.52
$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
DCO
DCO
NGVC
NGVC
Q4 25
$215.8M
$335.6M
Q3 25
$212.6M
$336.1M
Q2 25
$202.3M
$328.7M
Q1 25
$194.1M
$335.8M
Q4 24
$197.3M
$330.2M
Q3 24
$201.4M
$322.7M
Q2 24
$197.0M
$309.1M
Q1 24
$190.8M
$308.1M
Net Profit
DCO
DCO
NGVC
NGVC
Q4 25
$7.4M
$11.3M
Q3 25
$-64.4M
$11.8M
Q2 25
$12.6M
$11.6M
Q1 25
$10.5M
$13.1M
Q4 24
$6.8M
$9.9M
Q3 24
$10.1M
$9.0M
Q2 24
$7.7M
$9.2M
Q1 24
$6.8M
$8.0M
Gross Margin
DCO
DCO
NGVC
NGVC
Q4 25
27.7%
29.5%
Q3 25
26.6%
29.5%
Q2 25
26.6%
29.9%
Q1 25
26.6%
30.3%
Q4 24
23.5%
29.9%
Q3 24
26.2%
29.6%
Q2 24
26.0%
29.2%
Q1 24
24.6%
29.3%
Operating Margin
DCO
DCO
NGVC
NGVC
Q4 25
6.5%
4.4%
Q3 25
-37.7%
4.6%
Q2 25
8.5%
4.7%
Q1 25
8.5%
5.2%
Q4 24
5.3%
4.0%
Q3 24
7.6%
3.7%
Q2 24
7.1%
4.2%
Q1 24
6.6%
3.7%
Net Margin
DCO
DCO
NGVC
NGVC
Q4 25
3.4%
3.4%
Q3 25
-30.3%
3.5%
Q2 25
6.2%
3.5%
Q1 25
5.4%
3.9%
Q4 24
3.4%
3.0%
Q3 24
5.0%
2.8%
Q2 24
3.9%
3.0%
Q1 24
3.6%
2.6%
EPS (diluted)
DCO
DCO
NGVC
NGVC
Q4 25
$0.52
$0.49
Q3 25
$-4.30
$0.51
Q2 25
$0.82
$0.50
Q1 25
$0.69
$0.56
Q4 24
$0.45
$0.43
Q3 24
$0.67
$0.38
Q2 24
$0.52
$0.40
Q1 24
$0.46
$0.35

Balance Sheet & Financial Strength

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

Metric
DCO
DCO
NGVC
NGVC
Cash + ST InvestmentsLiquidity on hand
$45.3M
$23.2M
Total DebtLower is stronger
$298.8M
Stockholders' EquityBook value
$662.1M
$220.0M
Total Assets
$1.2B
$668.6M
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DCO
DCO
NGVC
NGVC
Q4 25
$45.3M
$23.2M
Q3 25
$50.9M
$17.1M
Q2 25
$37.1M
$13.2M
Q1 25
$30.7M
$21.2M
Q4 24
$37.1M
$6.3M
Q3 24
$37.3M
$8.9M
Q2 24
$29.4M
$13.9M
Q1 24
$32.1M
$11.0M
Total Debt
DCO
DCO
NGVC
NGVC
Q4 25
$298.8M
Q3 25
$215.0M
Q2 25
$218.1M
Q1 25
$229.9M
Q4 24
$229.8M
Q3 24
$246.0M
Q2 24
$250.9M
Q1 24
$253.9M
Stockholders' Equity
DCO
DCO
NGVC
NGVC
Q4 25
$662.1M
$220.0M
Q3 25
$649.0M
$212.4M
Q2 25
$707.8M
$202.5M
Q1 25
$693.0M
$193.0M
Q4 24
$682.5M
$181.9M
Q3 24
$665.6M
$174.3M
Q2 24
$655.9M
$167.8M
Q1 24
$645.5M
$160.0M
Total Assets
DCO
DCO
NGVC
NGVC
Q4 25
$1.2B
$668.6M
Q3 25
$1.2B
$670.5M
Q2 25
$1.1B
$659.0M
Q1 25
$1.1B
$664.6M
Q4 24
$1.1B
$648.9M
Q3 24
$1.1B
$655.5M
Q2 24
$1.1B
$654.4M
Q1 24
$1.1B
$656.6M
Debt / Equity
DCO
DCO
NGVC
NGVC
Q4 25
0.45×
Q3 25
0.33×
Q2 25
0.31×
Q1 25
0.33×
Q4 24
0.34×
Q3 24
0.37×
Q2 24
0.38×
Q1 24
0.39×

Cash Flow & Capital Efficiency

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

Metric
DCO
DCO
NGVC
NGVC
Operating Cash FlowLast quarter
$-74.7M
$21.1M
Free Cash FlowOCF − Capex
$-78.8M
$11.6M
FCF MarginFCF / Revenue
-36.5%
3.4%
Capex IntensityCapex / Revenue
1.9%
2.9%
Cash ConversionOCF / Net Profit
-10.03×
1.86×
TTM Free Cash FlowTrailing 4 quarters
$-48.6M
$42.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DCO
DCO
NGVC
NGVC
Q4 25
$-74.7M
$21.1M
Q3 25
$18.1M
$15.6M
Q2 25
$22.4M
$2.9M
Q1 25
$771.0K
$34.1M
Q4 24
$18.4M
$2.7M
Q3 24
$13.9M
$24.5M
Q2 24
$3.5M
$12.4M
Q1 24
$-1.6M
$20.2M
Free Cash Flow
DCO
DCO
NGVC
NGVC
Q4 25
$-78.8M
$11.6M
Q3 25
$16.0M
$7.5M
Q2 25
$18.1M
$-4.2M
Q1 25
$-4.0M
$27.6M
Q4 24
$14.6M
$-6.9M
Q3 24
$12.0M
$18.0M
Q2 24
$144.0K
$3.6M
Q1 24
$-6.6M
$9.8M
FCF Margin
DCO
DCO
NGVC
NGVC
Q4 25
-36.5%
3.4%
Q3 25
7.5%
2.2%
Q2 25
9.0%
-1.3%
Q1 25
-2.1%
8.2%
Q4 24
7.4%
-2.1%
Q3 24
5.9%
5.6%
Q2 24
0.1%
1.2%
Q1 24
-3.5%
3.2%
Capex Intensity
DCO
DCO
NGVC
NGVC
Q4 25
1.9%
2.9%
Q3 25
1.0%
2.4%
Q2 25
2.1%
2.2%
Q1 25
2.5%
1.9%
Q4 24
2.0%
2.9%
Q3 24
1.0%
2.0%
Q2 24
1.7%
2.9%
Q1 24
2.6%
3.4%
Cash Conversion
DCO
DCO
NGVC
NGVC
Q4 25
-10.03×
1.86×
Q3 25
1.32×
Q2 25
1.79×
0.25×
Q1 25
0.07×
2.60×
Q4 24
2.72×
0.27×
Q3 24
1.37×
2.72×
Q2 24
0.45×
1.35×
Q1 24
-0.24×
2.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DCO
DCO

Other$90.1M42%
Militaryand Space$60.0M28%
Electronic Systems Segment$31.3M15%
Commercial Aerospace$24.8M11%
Estimate At Completion Adjustment$6.6M3%
Industrial$3.0M1%

NGVC
NGVC

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

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