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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) 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 $172.5M, roughly 1.9× Donnelley Financial Solutions, Inc.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs 3.4%, a 0.2% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 1.6%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -7.9%).
Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States. The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.
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.
DFIN vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $335.6M |
| Net Profit | $6.2M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | 8.3% | 4.4% |
| Net Margin | 3.6% | 3.4% |
| Revenue YoY | 10.4% | 1.6% |
| Net Profit YoY | -1.6% | 14.0% |
| EPS (diluted) | $0.31 | $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 | $172.5M | $335.6M | ||
| Q3 25 | $175.3M | $336.1M | ||
| Q2 25 | $218.1M | $328.7M | ||
| Q1 25 | $201.1M | $335.8M | ||
| Q4 24 | $156.3M | $330.2M | ||
| Q3 24 | $179.5M | $322.7M | ||
| Q2 24 | $242.7M | $309.1M | ||
| Q1 24 | $203.4M | $308.1M |
| Q4 25 | $6.2M | $11.3M | ||
| Q3 25 | $-40.9M | $11.8M | ||
| Q2 25 | $36.1M | $11.6M | ||
| Q1 25 | $31.0M | $13.1M | ||
| Q4 24 | $6.3M | $9.9M | ||
| Q3 24 | $8.7M | $9.0M | ||
| Q2 24 | $44.1M | $9.2M | ||
| Q1 24 | $33.3M | $8.0M |
| Q4 25 | — | 29.5% | ||
| Q3 25 | — | 29.5% | ||
| Q2 25 | — | 29.9% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 29.2% | ||
| Q1 24 | — | 29.3% |
| Q4 25 | 8.3% | 4.4% | ||
| Q3 25 | 16.1% | 4.6% | ||
| Q2 25 | 24.2% | 4.7% | ||
| Q1 25 | 22.8% | 5.2% | ||
| Q4 24 | 6.0% | 4.0% | ||
| Q3 24 | 10.1% | 3.7% | ||
| Q2 24 | 26.6% | 4.2% | ||
| Q1 24 | 21.9% | 3.7% |
| Q4 25 | 3.6% | 3.4% | ||
| Q3 25 | -23.3% | 3.5% | ||
| Q2 25 | 16.6% | 3.5% | ||
| Q1 25 | 15.4% | 3.9% | ||
| Q4 24 | 4.0% | 3.0% | ||
| Q3 24 | 4.8% | 2.8% | ||
| Q2 24 | 18.2% | 3.0% | ||
| Q1 24 | 16.4% | 2.6% |
| Q4 25 | $0.31 | $0.49 | ||
| Q3 25 | $-1.49 | $0.51 | ||
| Q2 25 | $1.28 | $0.50 | ||
| Q1 25 | $1.05 | $0.56 | ||
| Q4 24 | $0.21 | $0.43 | ||
| Q3 24 | $0.29 | $0.38 | ||
| Q2 24 | $1.47 | $0.40 | ||
| Q1 24 | $1.09 | $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 | $24.5M | $23.2M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $220.0M |
| Total Assets | $800.4M | $668.6M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $23.2M | ||
| Q3 25 | $22.7M | $17.1M | ||
| Q2 25 | $33.8M | $13.2M | ||
| Q1 25 | $16.2M | $21.2M | ||
| Q4 24 | $57.3M | $6.3M | ||
| Q3 24 | $33.6M | $8.9M | ||
| Q2 24 | $35.0M | $13.9M | ||
| Q1 24 | $43.7M | $11.0M |
| Q4 25 | $171.3M | — | ||
| Q3 25 | $154.7M | — | ||
| Q2 25 | $190.1M | — | ||
| Q1 25 | $189.5M | — | ||
| Q4 24 | $124.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $379.2M | $220.0M | ||
| Q3 25 | $423.1M | $212.4M | ||
| Q2 25 | $432.1M | $202.5M | ||
| Q1 25 | $419.9M | $193.0M | ||
| Q4 24 | $436.1M | $181.9M | ||
| Q3 24 | $444.5M | $174.3M | ||
| Q2 24 | $441.5M | $167.8M | ||
| Q1 24 | $408.9M | $160.0M |
| Q4 25 | $800.4M | $668.6M | ||
| Q3 25 | $816.3M | $670.5M | ||
| Q2 25 | $874.7M | $659.0M | ||
| Q1 25 | $852.8M | $664.6M | ||
| Q4 24 | $841.6M | $648.9M | ||
| Q3 24 | $843.6M | $655.5M | ||
| Q2 24 | $882.9M | $654.4M | ||
| Q1 24 | $867.8M | $656.6M |
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $59.8M | $21.1M |
| Free Cash FlowOCF − Capex | $47.9M | $11.6M |
| FCF MarginFCF / Revenue | 27.8% | 3.4% |
| Capex IntensityCapex / Revenue | 6.9% | 2.9% |
| Cash ConversionOCF / Net Profit | 9.65× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $21.1M | ||
| Q3 25 | $74.4M | $15.6M | ||
| Q2 25 | $68.4M | $2.9M | ||
| Q1 25 | $-37.7M | $34.1M | ||
| Q4 24 | $56.4M | $2.7M | ||
| Q3 24 | $86.4M | $24.5M | ||
| Q2 24 | $56.2M | $12.4M | ||
| Q1 24 | $-27.9M | $20.2M |
| Q4 25 | $47.9M | $11.6M | ||
| Q3 25 | $59.2M | $7.5M | ||
| Q2 25 | $51.7M | $-4.2M | ||
| Q1 25 | $-51.0M | $27.6M | ||
| Q4 24 | $41.3M | $-6.9M | ||
| Q3 24 | $67.3M | $18.0M | ||
| Q2 24 | $36.8M | $3.6M | ||
| Q1 24 | $-40.2M | $9.8M |
| Q4 25 | 27.8% | 3.4% | ||
| Q3 25 | 33.8% | 2.2% | ||
| Q2 25 | 23.7% | -1.3% | ||
| Q1 25 | -25.4% | 8.2% | ||
| Q4 24 | 26.4% | -2.1% | ||
| Q3 24 | 37.5% | 5.6% | ||
| Q2 24 | 15.2% | 1.2% | ||
| Q1 24 | -19.8% | 3.2% |
| Q4 25 | 6.9% | 2.9% | ||
| Q3 25 | 8.7% | 2.4% | ||
| Q2 25 | 7.7% | 2.2% | ||
| Q1 25 | 6.6% | 1.9% | ||
| Q4 24 | 9.7% | 2.9% | ||
| Q3 24 | 10.6% | 2.0% | ||
| Q2 24 | 8.0% | 2.9% | ||
| Q1 24 | 6.0% | 3.4% |
| Q4 25 | 9.65× | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | 1.89× | 0.25× | ||
| Q1 25 | -1.22× | 2.60× | ||
| Q4 24 | 8.95× | 0.27× | ||
| Q3 24 | 9.93× | 2.72× | ||
| Q2 24 | 1.27× | 1.35× | ||
| Q1 24 | -0.84× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
