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Side-by-side financial comparison of Driven Brands Holdings Inc. (DRVN) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Driven Brands Holdings Inc. is the larger business by last-quarter revenue ($535.7M vs $335.6M, roughly 1.6× Natural Grocers by Vitamin Cottage, Inc.). Driven Brands Holdings Inc. runs the higher net margin — 11.4% vs 3.4%, a 8.0% gap on every dollar of revenue. On growth, Driven Brands Holdings Inc. posted the faster year-over-year revenue change (6.6% vs 1.6%). Driven Brands Holdings Inc. produced more free cash flow last quarter ($39.5M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -4.0%).
Standard Brands was a packaged foods company, formed in 1929 by J. P. Morgan & Co. with the merger of:Fleischmann Company Royal Baking Powder Company E. W. Gillett Company of Canada (1929) - Toronto-based baking goods company founded by P. W. Gillett in 1852 Widlar Food Products Company Chase & Sanborn Coffee Company
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.
DRVN vs NGVC — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $535.7M | $335.6M |
| Net Profit | $60.9M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | 11.6% | 4.4% |
| Net Margin | 11.4% | 3.4% |
| Revenue YoY | 6.6% | 1.6% |
| Net Profit YoY | 507.2% | 14.0% |
| EPS (diluted) | $0.37 | $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 | — | $335.6M | ||
| Q3 25 | $535.7M | $336.1M | ||
| Q2 25 | $551.0M | $328.7M | ||
| Q1 25 | $516.2M | $335.8M | ||
| Q4 24 | $836.5M | $330.2M | ||
| Q3 24 | $502.3M | $322.7M | ||
| Q2 24 | $518.8M | $309.1M | ||
| Q1 24 | $482.0M | $308.1M |
| Q4 25 | — | $11.3M | ||
| Q3 25 | $60.9M | $11.8M | ||
| Q2 25 | $47.6M | $11.6M | ||
| Q1 25 | $5.5M | $13.1M | ||
| Q4 24 | $-312.0M | $9.9M | ||
| Q3 24 | $-14.9M | $9.0M | ||
| Q2 24 | $30.2M | $9.2M | ||
| Q1 24 | $4.3M | $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 | — | 4.4% | ||
| Q3 25 | 11.6% | 4.6% | ||
| Q2 25 | 6.9% | 4.7% | ||
| Q1 25 | 11.9% | 5.2% | ||
| Q4 24 | -41.6% | 4.0% | ||
| Q3 24 | 9.9% | 3.7% | ||
| Q2 24 | 17.4% | 4.2% | ||
| Q1 24 | 14.1% | 3.7% |
| Q4 25 | — | 3.4% | ||
| Q3 25 | 11.4% | 3.5% | ||
| Q2 25 | 8.6% | 3.5% | ||
| Q1 25 | 1.1% | 3.9% | ||
| Q4 24 | -37.3% | 3.0% | ||
| Q3 24 | -3.0% | 2.8% | ||
| Q2 24 | 5.8% | 3.0% | ||
| Q1 24 | 0.9% | 2.6% |
| Q4 25 | — | $0.49 | ||
| Q3 25 | $0.37 | $0.51 | ||
| Q2 25 | $0.29 | $0.50 | ||
| Q1 25 | $0.04 | $0.56 | ||
| Q4 24 | $-1.93 | $0.43 | ||
| Q3 24 | $-0.09 | $0.38 | ||
| Q2 24 | $0.18 | $0.40 | ||
| Q1 24 | $0.02 | $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 | $162.0M | $23.2M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $793.5M | $220.0M |
| Total Assets | $4.2B | $668.6M |
| Debt / EquityLower = less leverage | 2.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.2M | ||
| Q3 25 | $162.0M | $17.1M | ||
| Q2 25 | $166.1M | $13.2M | ||
| Q1 25 | $152.0M | $21.2M | ||
| Q4 24 | $149.6M | $6.3M | ||
| Q3 24 | $204.2M | $8.9M | ||
| Q2 24 | $148.8M | $13.9M | ||
| Q1 24 | $165.5M | $11.0M |
| Q4 25 | — | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | — | $220.0M | ||
| Q3 25 | $793.5M | $212.4M | ||
| Q2 25 | $743.4M | $202.5M | ||
| Q1 25 | $643.2M | $193.0M | ||
| Q4 24 | $607.3M | $181.9M | ||
| Q3 24 | $962.8M | $174.3M | ||
| Q2 24 | $942.8M | $167.8M | ||
| Q1 24 | $906.2M | $160.0M |
| Q4 25 | — | $668.6M | ||
| Q3 25 | $4.2B | $670.5M | ||
| Q2 25 | $4.3B | $659.0M | ||
| Q1 25 | $5.3B | $664.6M | ||
| Q4 24 | $5.3B | $648.9M | ||
| Q3 24 | $5.8B | $655.5M | ||
| Q2 24 | $5.8B | $654.4M | ||
| Q1 24 | $5.9B | $656.6M |
| Q4 25 | — | — | ||
| Q3 25 | 2.44× | — | ||
| Q2 25 | 2.82× | — | ||
| Q1 25 | 4.07× | — | ||
| Q4 24 | 4.37× | — | ||
| Q3 24 | 2.84× | — | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 3.21× | — |
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 | $79.2M | $21.1M |
| Free Cash FlowOCF − Capex | $39.5M | $11.6M |
| FCF MarginFCF / Revenue | 7.4% | 3.4% |
| Capex IntensityCapex / Revenue | 7.4% | 2.9% |
| Cash ConversionOCF / Net Profit | 1.30× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $31.1M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.1M | ||
| Q3 25 | $79.2M | $15.6M | ||
| Q2 25 | $80.4M | $2.9M | ||
| Q1 25 | $75.1M | $34.1M | ||
| Q4 24 | $32.9M | $2.7M | ||
| Q3 24 | $101.3M | $24.5M | ||
| Q2 24 | $46.9M | $12.4M | ||
| Q1 24 | $60.3M | $20.2M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | $39.5M | $7.5M | ||
| Q2 25 | $9.0M | $-4.2M | ||
| Q1 25 | $18.9M | $27.6M | ||
| Q4 24 | $-36.3M | $-6.9M | ||
| Q3 24 | $37.9M | $18.0M | ||
| Q2 24 | $-19.5M | $3.6M | ||
| Q1 24 | $-29.2M | $9.8M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | 7.4% | 2.2% | ||
| Q2 25 | 1.6% | -1.3% | ||
| Q1 25 | 3.7% | 8.2% | ||
| Q4 24 | -4.3% | -2.1% | ||
| Q3 24 | 7.5% | 5.6% | ||
| Q2 24 | -3.8% | 1.2% | ||
| Q1 24 | -6.1% | 3.2% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | 7.4% | 2.4% | ||
| Q2 25 | 13.0% | 2.2% | ||
| Q1 25 | 10.9% | 1.9% | ||
| Q4 24 | 8.3% | 2.9% | ||
| Q3 24 | 12.6% | 2.0% | ||
| Q2 24 | 12.8% | 2.9% | ||
| Q1 24 | 18.6% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | 1.30× | 1.32× | ||
| Q2 25 | 1.69× | 0.25× | ||
| Q1 25 | 13.65× | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | 1.56× | 1.35× | ||
| Q1 24 | 14.15× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DRVN
| Company Operated Store Sales | $331.3M | 62% |
| Supply And Other | $74.3M | 14% |
| Car Wash Segment | $54.0M | 10% |
| Independently Operated Store Sales | $51.4M | 10% |
| Advertising | $27.9M | 5% |
| Employee Services Leasing Agreement | $2.0M | 0% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
