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Side-by-side financial comparison of DIODES INC (DIOD) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
DIODES INC is the larger business by last-quarter revenue ($391.6M vs $335.6M, roughly 1.2× Natural Grocers by Vitamin Cottage, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs 2.6%, a 0.8% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs 1.6%). DIODES INC produced more free cash flow last quarter ($12.4M vs $11.6M). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% CAGR vs 4.4%).
Diodes Incorporated is a global semiconductor manufacturer that designs, produces and supplies discrete, analog and mixed-signal semiconductor products. Its solutions serve key end markets including automotive, industrial, consumer electronics, personal computing and communications infrastructure, with a worldwide customer base.
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.
DIOD vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $391.6M | $335.6M |
| Net Profit | $10.2M | $11.3M |
| Gross Margin | 31.1% | 29.5% |
| Operating Margin | 3.4% | 4.4% |
| Net Margin | 2.6% | 3.4% |
| Revenue YoY | 15.4% | 1.6% |
| Net Profit YoY | 23.8% | 14.0% |
| EPS (diluted) | $0.23 | $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 | $391.6M | $335.6M | ||
| Q3 25 | $392.2M | $336.1M | ||
| Q2 25 | $366.2M | $328.7M | ||
| Q1 25 | $332.1M | $335.8M | ||
| Q4 24 | $339.3M | $330.2M | ||
| Q3 24 | $350.1M | $322.7M | ||
| Q2 24 | $319.8M | $309.1M | ||
| Q1 24 | $302.0M | $308.1M |
| Q4 25 | $10.2M | $11.3M | ||
| Q3 25 | $14.3M | $11.8M | ||
| Q2 25 | $46.1M | $11.6M | ||
| Q1 25 | $-4.4M | $13.1M | ||
| Q4 24 | $8.2M | $9.9M | ||
| Q3 24 | $13.7M | $9.0M | ||
| Q2 24 | $8.0M | $9.2M | ||
| Q1 24 | $14.0M | $8.0M |
| Q4 25 | 31.1% | 29.5% | ||
| Q3 25 | 30.7% | 29.5% | ||
| Q2 25 | 31.5% | 29.9% | ||
| Q1 25 | 31.5% | 30.3% | ||
| Q4 24 | 32.7% | 29.9% | ||
| Q3 24 | 33.7% | 29.6% | ||
| Q2 24 | 33.6% | 29.2% | ||
| Q1 24 | 33.0% | 29.3% |
| Q4 25 | 3.4% | 4.4% | ||
| Q3 25 | 3.0% | 4.6% | ||
| Q2 25 | 2.6% | 4.7% | ||
| Q1 25 | 0.4% | 5.2% | ||
| Q4 24 | 3.5% | 4.0% | ||
| Q3 24 | 6.2% | 3.7% | ||
| Q2 24 | 1.2% | 4.2% | ||
| Q1 24 | 4.3% | 3.7% |
| Q4 25 | 2.6% | 3.4% | ||
| Q3 25 | 3.6% | 3.5% | ||
| Q2 25 | 12.6% | 3.5% | ||
| Q1 25 | -1.3% | 3.9% | ||
| Q4 24 | 2.4% | 3.0% | ||
| Q3 24 | 3.9% | 2.8% | ||
| Q2 24 | 2.5% | 3.0% | ||
| Q1 24 | 4.6% | 2.6% |
| Q4 25 | $0.23 | $0.49 | ||
| Q3 25 | $0.31 | $0.51 | ||
| Q2 25 | $0.99 | $0.50 | ||
| Q1 25 | $-0.10 | $0.56 | ||
| Q4 24 | $0.18 | $0.43 | ||
| Q3 24 | $0.30 | $0.38 | ||
| Q2 24 | $0.17 | $0.40 | ||
| Q1 24 | $0.30 | $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 | $377.0M | $23.2M |
| Total DebtLower is stronger | $25.7M | — |
| Stockholders' EquityBook value | $1.9B | $220.0M |
| Total Assets | $2.4B | $668.6M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $377.0M | $23.2M | ||
| Q3 25 | $386.4M | $17.1M | ||
| Q2 25 | $327.3M | $13.2M | ||
| Q1 25 | $343.9M | $21.2M | ||
| Q4 24 | $316.1M | $6.3M | ||
| Q3 24 | $319.3M | $8.9M | ||
| Q2 24 | $273.9M | $13.9M | ||
| Q1 24 | $276.0M | $11.0M |
| Q4 25 | $25.7M | — | ||
| Q3 25 | $24.9M | — | ||
| Q2 25 | $26.4M | — | ||
| Q1 25 | $20.5M | — | ||
| Q4 24 | $20.7M | — | ||
| Q3 24 | $22.2M | — | ||
| Q2 24 | $20.3M | — | ||
| Q1 24 | $20.9M | — |
| Q4 25 | $1.9B | $220.0M | ||
| Q3 25 | $1.9B | $212.4M | ||
| Q2 25 | $1.9B | $202.5M | ||
| Q1 25 | $1.8B | $193.0M | ||
| Q4 24 | $1.8B | $181.9M | ||
| Q3 24 | $1.8B | $174.3M | ||
| Q2 24 | $1.8B | $167.8M | ||
| Q1 24 | $1.7B | $160.0M |
| Q4 25 | $2.4B | $668.6M | ||
| Q3 25 | $2.5B | $670.5M | ||
| Q2 25 | $2.5B | $659.0M | ||
| Q1 25 | $2.4B | $664.6M | ||
| Q4 24 | $2.4B | $648.9M | ||
| Q3 24 | $2.4B | $655.5M | ||
| Q2 24 | $2.4B | $654.4M | ||
| Q1 24 | $2.4B | $656.6M |
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — | ||
| Q1 24 | 0.01× | — |
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 | $38.1M | $21.1M |
| Free Cash FlowOCF − Capex | $12.4M | $11.6M |
| FCF MarginFCF / Revenue | 3.2% | 3.4% |
| Capex IntensityCapex / Revenue | 6.6% | 2.9% |
| Cash ConversionOCF / Net Profit | 3.74× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $137.2M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.1M | $21.1M | ||
| Q3 25 | $79.1M | $15.6M | ||
| Q2 25 | $41.5M | $2.9M | ||
| Q1 25 | $56.7M | $34.1M | ||
| Q4 24 | $81.8M | $2.7M | ||
| Q3 24 | $54.4M | $24.5M | ||
| Q2 24 | $14.4M | $12.4M | ||
| Q1 24 | $-31.1M | $20.2M |
| Q4 25 | $12.4M | $11.6M | ||
| Q3 25 | $62.8M | $7.5M | ||
| Q2 25 | $21.1M | $-4.2M | ||
| Q1 25 | $40.8M | $27.6M | ||
| Q4 24 | $62.1M | $-6.9M | ||
| Q3 24 | $39.4M | $18.0M | ||
| Q2 24 | $-3.5M | $3.6M | ||
| Q1 24 | $-51.5M | $9.8M |
| Q4 25 | 3.2% | 3.4% | ||
| Q3 25 | 16.0% | 2.2% | ||
| Q2 25 | 5.8% | -1.3% | ||
| Q1 25 | 12.3% | 8.2% | ||
| Q4 24 | 18.3% | -2.1% | ||
| Q3 24 | 11.2% | 5.6% | ||
| Q2 24 | -1.1% | 1.2% | ||
| Q1 24 | -17.1% | 3.2% |
| Q4 25 | 6.6% | 2.9% | ||
| Q3 25 | 4.2% | 2.4% | ||
| Q2 25 | 5.6% | 2.2% | ||
| Q1 25 | 4.8% | 1.9% | ||
| Q4 24 | 5.8% | 2.9% | ||
| Q3 24 | 4.3% | 2.0% | ||
| Q2 24 | 5.6% | 2.9% | ||
| Q1 24 | 6.7% | 3.4% |
| Q4 25 | 3.74× | 1.86× | ||
| Q3 25 | 5.54× | 1.32× | ||
| Q2 25 | 0.90× | 0.25× | ||
| Q1 25 | — | 2.60× | ||
| Q4 24 | 9.93× | 0.27× | ||
| Q3 24 | 3.95× | 2.72× | ||
| Q2 24 | 1.80× | 1.35× | ||
| Q1 24 | -2.22× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
