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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $335.6M, roughly 1.1× Natural Grocers by Vitamin Cottage, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -5.6%, a 9.0% gap on every dollar of revenue. On growth, Natural Grocers by Vitamin Cottage, Inc. posted the faster year-over-year revenue change (1.6% vs -0.0%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-166.4M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs 1.2%).
GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...
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.
DHC vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $379.6M | $335.6M |
| Net Profit | $-21.2M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | -12.6% | 4.4% |
| Net Margin | -5.6% | 3.4% |
| Revenue YoY | -0.0% | 1.6% |
| Net Profit YoY | 75.7% | 14.0% |
| EPS (diluted) | $-0.09 | $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 | $379.6M | $335.6M | ||
| Q3 25 | $388.7M | $336.1M | ||
| Q2 25 | $382.7M | $328.7M | ||
| Q1 25 | $386.9M | $335.8M | ||
| Q4 24 | $379.6M | $330.2M | ||
| Q3 24 | $373.6M | $322.7M | ||
| Q2 24 | $371.4M | $309.1M | ||
| Q1 24 | $370.8M | $308.1M |
| Q4 25 | $-21.2M | $11.3M | ||
| Q3 25 | $-164.0M | $11.8M | ||
| Q2 25 | $-91.6M | $11.6M | ||
| Q1 25 | $-9.0M | $13.1M | ||
| Q4 24 | $-87.4M | $9.9M | ||
| Q3 24 | $-98.7M | $9.0M | ||
| Q2 24 | $-97.9M | $9.2M | ||
| Q1 24 | $-86.3M | $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 | -12.6% | 4.4% | ||
| Q3 25 | -43.4% | 4.6% | ||
| Q2 25 | -24.5% | 4.7% | ||
| Q1 25 | -2.7% | 5.2% | ||
| Q4 24 | -26.1% | 4.0% | ||
| Q3 24 | -26.5% | 3.7% | ||
| Q2 24 | -23.0% | 4.2% | ||
| Q1 24 | -23.7% | 3.7% |
| Q4 25 | -5.6% | 3.4% | ||
| Q3 25 | -42.2% | 3.5% | ||
| Q2 25 | -23.9% | 3.5% | ||
| Q1 25 | -2.3% | 3.9% | ||
| Q4 24 | -23.0% | 3.0% | ||
| Q3 24 | -26.4% | 2.8% | ||
| Q2 24 | -26.3% | 3.0% | ||
| Q1 24 | -23.3% | 2.6% |
| Q4 25 | $-0.09 | $0.49 | ||
| Q3 25 | $-0.68 | $0.51 | ||
| Q2 25 | $-0.38 | $0.50 | ||
| Q1 25 | $-0.04 | $0.56 | ||
| Q4 24 | $-0.37 | $0.43 | ||
| Q3 24 | $-0.41 | $0.38 | ||
| Q2 24 | $-0.41 | $0.40 | ||
| Q1 24 | $-0.36 | $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 | $105.4M | $23.2M |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $1.7B | $220.0M |
| Total Assets | $4.4B | $668.6M |
| Debt / EquityLower = less leverage | 1.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.4M | $23.2M | ||
| Q3 25 | $201.4M | $17.1M | ||
| Q2 25 | $141.8M | $13.2M | ||
| Q1 25 | $302.6M | $21.2M | ||
| Q4 24 | $144.6M | $6.3M | ||
| Q3 24 | $256.5M | $8.9M | ||
| Q2 24 | $265.6M | $13.9M | ||
| Q1 24 | $207.1M | $11.0M |
| Q4 25 | $2.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.7B | $220.0M | ||
| Q3 25 | $1.7B | $212.4M | ||
| Q2 25 | $1.9B | $202.5M | ||
| Q1 25 | $1.9B | $193.0M | ||
| Q4 24 | $2.0B | $181.9M | ||
| Q3 24 | $2.0B | $174.3M | ||
| Q2 24 | $2.1B | $167.8M | ||
| Q1 24 | $2.2B | $160.0M |
| Q4 25 | $4.4B | $668.6M | ||
| Q3 25 | $4.7B | $670.5M | ||
| Q2 25 | $4.8B | $659.0M | ||
| Q1 25 | $5.0B | $664.6M | ||
| Q4 24 | $5.1B | $648.9M | ||
| Q3 24 | $5.3B | $655.5M | ||
| Q2 24 | $5.3B | $654.4M | ||
| Q1 24 | $5.3B | $656.6M |
| Q4 25 | 1.47× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.56× | — | ||
| 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 | $-19.6M | $21.1M |
| Free Cash FlowOCF − Capex | $-166.4M | $11.6M |
| FCF MarginFCF / Revenue | -43.8% | 3.4% |
| Capex IntensityCapex / Revenue | 38.7% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-19.6M | $21.1M | ||
| Q3 25 | $-49.3M | $15.6M | ||
| Q2 25 | $53.0M | $2.9M | ||
| Q1 25 | $-3.2M | $34.1M | ||
| Q4 24 | $112.2M | $2.7M | ||
| Q3 24 | $21.1M | $24.5M | ||
| Q2 24 | $44.3M | $12.4M | ||
| Q1 24 | $28.6M | $20.2M |
| Q4 25 | $-166.4M | $11.6M | ||
| Q3 25 | $-89.8M | $7.5M | ||
| Q2 25 | $18.8M | $-4.2M | ||
| Q1 25 | $-42.9M | $27.6M | ||
| Q4 24 | $-89.5M | $-6.9M | ||
| Q3 24 | $-26.1M | $18.0M | ||
| Q2 24 | $3.3M | $3.6M | ||
| Q1 24 | $-18.1M | $9.8M |
| Q4 25 | -43.8% | 3.4% | ||
| Q3 25 | -23.1% | 2.2% | ||
| Q2 25 | 4.9% | -1.3% | ||
| Q1 25 | -11.1% | 8.2% | ||
| Q4 24 | -23.6% | -2.1% | ||
| Q3 24 | -7.0% | 5.6% | ||
| Q2 24 | 0.9% | 1.2% | ||
| Q1 24 | -4.9% | 3.2% |
| Q4 25 | 38.7% | 2.9% | ||
| Q3 25 | 10.4% | 2.4% | ||
| Q2 25 | 8.9% | 2.2% | ||
| Q1 25 | 10.2% | 1.9% | ||
| Q4 24 | 53.1% | 2.9% | ||
| Q3 24 | 12.6% | 2.0% | ||
| Q2 24 | 11.0% | 2.9% | ||
| Q1 24 | 12.6% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | — | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
