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Side-by-side financial comparison of Douglas Emmett Inc (DEI) 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 $249.4M, roughly 1.3× Douglas Emmett Inc). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -2.7%, a 6.1% gap on every dollar of revenue. On growth, Douglas Emmett Inc posted the faster year-over-year revenue change (1.8% vs 1.6%). Douglas Emmett Inc produced more free cash flow last quarter ($194.5M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs 0.9%).
Douglas Emmett Inc is a leading real estate investment trust (REIT) that owns, operates, and acquires high-quality office and multifamily residential properties. Its core operation areas are high-barrier-to-entry markets including Los Angeles in California and Honolulu in Hawaii, serving premium commercial and residential tenant segments.
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.
DEI vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $249.4M | $335.6M |
| Net Profit | $-6.8M | $11.3M |
| Gross Margin | 62.2% | 29.5% |
| Operating Margin | — | 4.4% |
| Net Margin | -2.7% | 3.4% |
| Revenue YoY | 1.8% | 1.6% |
| Net Profit YoY | -670.7% | 14.0% |
| EPS (diluted) | $-0.04 | $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 | $249.4M | $335.6M | ||
| Q3 25 | $250.6M | $336.1M | ||
| Q2 25 | $252.4M | $328.7M | ||
| Q1 25 | $251.5M | $335.8M | ||
| Q4 24 | $245.0M | $330.2M | ||
| Q3 24 | $250.8M | $322.7M | ||
| Q2 24 | $245.8M | $309.1M | ||
| Q1 24 | $245.0M | $308.1M |
| Q4 25 | $-6.8M | $11.3M | ||
| Q3 25 | $-10.9M | $11.8M | ||
| Q2 25 | $-5.8M | $11.6M | ||
| Q1 25 | $39.8M | $13.1M | ||
| Q4 24 | $-888.0K | $9.9M | ||
| Q3 24 | $4.6M | $9.0M | ||
| Q2 24 | $10.9M | $9.2M | ||
| Q1 24 | $8.9M | $8.0M |
| Q4 25 | 62.2% | 29.5% | ||
| Q3 25 | 63.6% | 29.5% | ||
| Q2 25 | 63.2% | 29.9% | ||
| Q1 25 | 64.4% | 30.3% | ||
| Q4 24 | 63.5% | 29.9% | ||
| Q3 24 | 62.2% | 29.6% | ||
| Q2 24 | 66.2% | 29.2% | ||
| Q1 24 | 66.1% | 29.3% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 4.2% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | -2.7% | 3.4% | ||
| Q3 25 | -4.3% | 3.5% | ||
| Q2 25 | -2.3% | 3.5% | ||
| Q1 25 | 15.8% | 3.9% | ||
| Q4 24 | -0.4% | 3.0% | ||
| Q3 24 | 1.8% | 2.8% | ||
| Q2 24 | 4.4% | 3.0% | ||
| Q1 24 | 3.6% | 2.6% |
| Q4 25 | $-0.04 | $0.49 | ||
| Q3 25 | $-0.07 | $0.51 | ||
| Q2 25 | $-0.04 | $0.50 | ||
| Q1 25 | $0.24 | $0.56 | ||
| Q4 24 | $-0.01 | $0.43 | ||
| Q3 24 | $0.03 | $0.38 | ||
| Q2 24 | $0.06 | $0.40 | ||
| Q1 24 | $0.05 | $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 | $340.8M | $23.2M |
| Total DebtLower is stronger | $5.5B | — |
| Stockholders' EquityBook value | $1.9B | $220.0M |
| Total Assets | $9.3B | $668.6M |
| Debt / EquityLower = less leverage | 2.91× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $340.8M | $23.2M | ||
| Q3 25 | $408.5M | $17.1M | ||
| Q2 25 | $426.9M | $13.2M | ||
| Q1 25 | $525.7M | $21.2M | ||
| Q4 24 | $444.6M | $6.3M | ||
| Q3 24 | $544.2M | $8.9M | ||
| Q2 24 | $561.1M | $13.9M | ||
| Q1 24 | $556.7M | $11.0M |
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.6B | — | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.5B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.5B | — |
| Q4 25 | $1.9B | $220.0M | ||
| Q3 25 | $1.9B | $212.4M | ||
| Q2 25 | $2.0B | $202.5M | ||
| Q1 25 | $2.0B | $193.0M | ||
| Q4 24 | $2.1B | $181.9M | ||
| Q3 24 | $2.1B | $174.3M | ||
| Q2 24 | $2.2B | $167.8M | ||
| Q1 24 | $2.2B | $160.0M |
| Q4 25 | $9.3B | $668.6M | ||
| Q3 25 | $9.4B | $670.5M | ||
| Q2 25 | $9.4B | $659.0M | ||
| Q1 25 | $9.6B | $664.6M | ||
| Q4 24 | $9.4B | $648.9M | ||
| Q3 24 | $9.5B | $655.5M | ||
| Q2 24 | $9.6B | $654.4M | ||
| Q1 24 | $9.6B | $656.6M |
| Q4 25 | 2.91× | — | ||
| Q3 25 | 2.85× | — | ||
| Q2 25 | 2.78× | — | ||
| Q1 25 | 2.75× | — | ||
| Q4 24 | 2.67× | — | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | 2.56× | — | ||
| Q1 24 | 2.52× | — |
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 | $386.9M | $21.1M |
| Free Cash FlowOCF − Capex | $194.5M | $11.6M |
| FCF MarginFCF / Revenue | 78.0% | 3.4% |
| Capex IntensityCapex / Revenue | 77.1% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $376.9M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $386.9M | $21.1M | ||
| Q3 25 | $109.8M | $15.6M | ||
| Q2 25 | $81.3M | $2.9M | ||
| Q1 25 | $132.6M | $34.1M | ||
| Q4 24 | $408.7M | $2.7M | ||
| Q3 24 | $103.7M | $24.5M | ||
| Q2 24 | $91.9M | $12.4M | ||
| Q1 24 | $139.0M | $20.2M |
| Q4 25 | $194.5M | $11.6M | ||
| Q3 25 | $61.9M | $7.5M | ||
| Q2 25 | $30.2M | $-4.2M | ||
| Q1 25 | $90.3M | $27.6M | ||
| Q4 24 | $241.4M | $-6.9M | ||
| Q3 24 | $63.2M | $18.0M | ||
| Q2 24 | $52.2M | $3.6M | ||
| Q1 24 | $90.9M | $9.8M |
| Q4 25 | 78.0% | 3.4% | ||
| Q3 25 | 24.7% | 2.2% | ||
| Q2 25 | 11.9% | -1.3% | ||
| Q1 25 | 35.9% | 8.2% | ||
| Q4 24 | 98.5% | -2.1% | ||
| Q3 24 | 25.2% | 5.6% | ||
| Q2 24 | 21.2% | 1.2% | ||
| Q1 24 | 37.1% | 3.2% |
| Q4 25 | 77.1% | 2.9% | ||
| Q3 25 | 19.1% | 2.4% | ||
| Q2 25 | 20.3% | 2.2% | ||
| Q1 25 | 16.8% | 1.9% | ||
| Q4 24 | 68.3% | 2.9% | ||
| Q3 24 | 16.1% | 2.0% | ||
| Q2 24 | 16.1% | 2.9% | ||
| Q1 24 | 19.6% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | 3.33× | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | 22.46× | 2.72× | ||
| Q2 24 | 8.44× | 1.35× | ||
| Q1 24 | 15.60× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEI
| Rental Revenue And Tenant Recovery Revenue | $169.4M | 68% |
| Multifamily Segment | $49.9M | 20% |
| Parking Revenue And Other Income | $30.2M | 12% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
