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Side-by-side financial comparison of Eastern Bankshares, Inc. (EBC) 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 $295.9M, roughly 1.1× Eastern Bankshares, Inc.). Eastern Bankshares, Inc. runs the higher net margin — 22.1% vs 3.4%, a 18.7% gap on every dollar of revenue. On growth, Eastern Bankshares, Inc. posted the faster year-over-year revenue change (710.6% vs 1.6%). Over the past eight quarters, Eastern Bankshares, Inc.'s revenue compounded faster (38.6% CAGR vs 4.4%).
Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts.
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.
EBC vs NGVC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $295.9M | $335.6M |
| Net Profit | $65.3M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | — | 4.4% |
| Net Margin | 22.1% | 3.4% |
| Revenue YoY | 710.6% | 1.6% |
| Net Profit YoY | -34.4% | 14.0% |
| EPS (diluted) | $0.29 | $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.
| Q1 26 | $295.9M | — | ||
| Q4 25 | $37.5M | $335.6M | ||
| Q3 25 | $241.5M | $336.1M | ||
| Q2 25 | $244.9M | $328.7M | ||
| Q1 25 | $31.1M | $335.8M | ||
| Q4 24 | $216.5M | $330.2M | ||
| Q3 24 | $203.4M | $322.7M | ||
| Q2 24 | $154.0M | $309.1M |
| Q1 26 | $65.3M | — | ||
| Q4 25 | $99.5M | $11.3M | ||
| Q3 25 | $106.1M | $11.8M | ||
| Q2 25 | $100.2M | $11.6M | ||
| Q1 25 | $-217.7M | $13.1M | ||
| Q4 24 | $60.8M | $9.9M | ||
| Q3 24 | $-6.2M | $9.0M | ||
| Q2 24 | $26.3M | $9.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | 38.9% | 4.6% | ||
| Q2 25 | 41.0% | 4.7% | ||
| Q1 25 | -590.9% | 5.2% | ||
| Q4 24 | 33.3% | 4.0% | ||
| Q3 24 | -1.6% | 3.7% | ||
| Q2 24 | 24.7% | 4.2% |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 265.6% | 3.4% | ||
| Q3 25 | 44.0% | 3.5% | ||
| Q2 25 | 40.9% | 3.5% | ||
| Q1 25 | -699.2% | 3.9% | ||
| Q4 24 | 28.1% | 3.0% | ||
| Q3 24 | -3.0% | 2.8% | ||
| Q2 24 | 17.1% | 3.0% |
| Q1 26 | $0.29 | — | ||
| Q4 25 | $0.48 | $0.49 | ||
| Q3 25 | $0.53 | $0.51 | ||
| Q2 25 | $0.50 | $0.50 | ||
| Q1 25 | $-1.08 | $0.56 | ||
| Q4 24 | $0.29 | $0.43 | ||
| Q3 24 | $-0.03 | $0.38 | ||
| Q2 24 | $0.16 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $551.7M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $220.0M |
| Total Assets | $30.6B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $551.7M | — | ||
| Q4 25 | $507.6M | $23.2M | ||
| Q3 25 | $703.4M | $17.1M | ||
| Q2 25 | $948.3M | $13.2M | ||
| Q1 25 | $609.0M | $21.2M | ||
| Q4 24 | $1.9B | $6.3M | ||
| Q3 24 | $1.7B | $8.9M | ||
| Q2 24 | $1.4B | $13.9M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $220.0M | ||
| Q3 25 | $3.8B | $212.4M | ||
| Q2 25 | $3.7B | $202.5M | ||
| Q1 25 | $3.6B | $193.0M | ||
| Q4 24 | $3.6B | $181.9M | ||
| Q3 24 | $3.7B | $174.3M | ||
| Q2 24 | $3.0B | $167.8M |
| Q1 26 | $30.6B | — | ||
| Q4 25 | $30.6B | $668.6M | ||
| Q3 25 | $25.5B | $670.5M | ||
| Q2 25 | $25.5B | $659.0M | ||
| Q1 25 | $25.0B | $664.6M | ||
| Q4 24 | $25.6B | $648.9M | ||
| Q3 24 | $25.5B | $655.5M | ||
| Q2 24 | $21.0B | $654.4M |
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 | — | $21.1M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $432.4M | $21.1M | ||
| Q3 25 | $157.1M | $15.6M | ||
| Q2 25 | $123.9M | $2.9M | ||
| Q1 25 | $47.3M | $34.1M | ||
| Q4 24 | $283.8M | $2.7M | ||
| Q3 24 | $108.3M | $24.5M | ||
| Q2 24 | $54.3M | $12.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $27.6M | ||
| Q4 24 | — | $-6.9M | ||
| Q3 24 | — | $18.0M | ||
| Q2 24 | — | $3.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -1.3% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | -2.1% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.35× | 1.86× | ||
| Q3 25 | 1.48× | 1.32× | ||
| Q2 25 | 1.24× | 0.25× | ||
| Q1 25 | — | 2.60× | ||
| Q4 24 | 4.67× | 0.27× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | 2.06× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EBC
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
