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Side-by-side financial comparison of ENCORE CAPITAL GROUP INC (ECPG) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
ENCORE CAPITAL GROUP INC is the larger business by last-quarter revenue ($473.6M vs $335.6M, roughly 1.4× Natural Grocers by Vitamin Cottage, Inc.). ENCORE CAPITAL GROUP INC runs the higher net margin — 16.2% vs 3.4%, a 12.8% gap on every dollar of revenue. On growth, ENCORE CAPITAL GROUP INC posted the faster year-over-year revenue change (78.3% vs 1.6%). ENCORE CAPITAL GROUP INC produced more free cash flow last quarter ($126.9M vs $11.6M). Over the past eight quarters, ENCORE CAPITAL GROUP INC's revenue compounded faster (20.1% CAGR vs 4.4%).
Encore Capital Group, Inc. is a publicly traded debt buyer based in the United States. The company is headquartered in San Diego, and operates throughout the United States. The firm is a publicly traded NASDAQ Global Select company (ECPG), a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500.
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.
ECPG vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $473.6M | $335.6M |
| Net Profit | $76.7M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | 36.6% | 4.4% |
| Net Margin | 16.2% | 3.4% |
| Revenue YoY | 78.3% | 1.6% |
| Net Profit YoY | — | 14.0% |
| EPS (diluted) | $3.32 | $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 | $473.6M | $335.6M | ||
| Q3 25 | $460.4M | $336.1M | ||
| Q2 25 | $442.1M | $328.7M | ||
| Q1 25 | $392.8M | $335.8M | ||
| Q4 24 | $265.6M | $330.2M | ||
| Q3 24 | $367.1M | $322.7M | ||
| Q2 24 | $355.3M | $309.1M | ||
| Q1 24 | $328.4M | $308.1M |
| Q4 25 | $76.7M | $11.3M | ||
| Q3 25 | $74.7M | $11.8M | ||
| Q2 25 | $58.7M | $11.6M | ||
| Q1 25 | $46.8M | $13.1M | ||
| Q4 24 | — | $9.9M | ||
| Q3 24 | $30.6M | $9.0M | ||
| Q2 24 | $32.2M | $9.2M | ||
| Q1 24 | $23.2M | $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 | 36.6% | 4.4% | ||
| Q3 25 | 37.6% | 4.6% | ||
| Q2 25 | 34.1% | 4.7% | ||
| Q1 25 | 32.9% | 5.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 28.9% | 3.7% | ||
| Q2 24 | 28.7% | 4.2% | ||
| Q1 24 | 25.5% | 3.7% |
| Q4 25 | 16.2% | 3.4% | ||
| Q3 25 | 16.2% | 3.5% | ||
| Q2 25 | 13.3% | 3.5% | ||
| Q1 25 | 11.9% | 3.9% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 8.3% | 2.8% | ||
| Q2 24 | 9.1% | 3.0% | ||
| Q1 24 | 7.1% | 2.6% |
| Q4 25 | $3.32 | $0.49 | ||
| Q3 25 | $3.17 | $0.51 | ||
| Q2 25 | $2.49 | $0.50 | ||
| Q1 25 | $1.93 | $0.56 | ||
| Q4 24 | — | $0.43 | ||
| Q3 24 | $1.26 | $0.38 | ||
| Q2 24 | $1.34 | $0.40 | ||
| Q1 24 | $0.95 | $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 | $156.8M | $23.2M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $976.8M | $220.0M |
| Total Assets | $5.3B | $668.6M |
| Debt / EquityLower = less leverage | 4.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.8M | $23.2M | ||
| Q3 25 | $172.5M | $17.1M | ||
| Q2 25 | $172.9M | $13.2M | ||
| Q1 25 | $187.1M | $21.2M | ||
| Q4 24 | $199.9M | $6.3M | ||
| Q3 24 | $247.4M | $8.9M | ||
| Q2 24 | $250.6M | $13.9M | ||
| Q1 24 | $173.0M | $11.0M |
| Q4 25 | $4.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $976.8M | $220.0M | ||
| Q3 25 | $952.9M | $212.4M | ||
| Q2 25 | $896.0M | $202.5M | ||
| Q1 25 | $819.1M | $193.0M | ||
| Q4 24 | $767.3M | $181.9M | ||
| Q3 24 | $1.0B | $174.3M | ||
| Q2 24 | $988.1M | $167.8M | ||
| Q1 24 | $953.9M | $160.0M |
| Q4 25 | $5.3B | $668.6M | ||
| Q3 25 | $5.3B | $670.5M | ||
| Q2 25 | $5.2B | $659.0M | ||
| Q1 25 | $5.0B | $664.6M | ||
| Q4 24 | $4.8B | $648.9M | ||
| Q3 24 | $5.0B | $655.5M | ||
| Q2 24 | $4.8B | $654.4M | ||
| Q1 24 | $4.7B | $656.6M |
| Q4 25 | 4.13× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.83× | — | ||
| 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 | $153.2M | $21.1M |
| Free Cash FlowOCF − Capex | $126.9M | $11.6M |
| FCF MarginFCF / Revenue | 26.8% | 3.4% |
| Capex IntensityCapex / Revenue | 5.5% | 2.9% |
| Cash ConversionOCF / Net Profit | 2.00× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $244.0M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.2M | $21.1M | ||
| Q3 25 | $81.6M | $15.6M | ||
| Q2 25 | $9.5M | $2.9M | ||
| Q1 25 | $45.3M | $34.1M | ||
| Q4 24 | $156.2M | $2.7M | ||
| Q3 24 | $45.9M | $24.5M | ||
| Q2 24 | $35.7M | $12.4M | ||
| Q1 24 | $51.0M | $20.2M |
| Q4 25 | $126.9M | $11.6M | ||
| Q3 25 | $75.6M | $7.5M | ||
| Q2 25 | $3.2M | $-4.2M | ||
| Q1 25 | $38.3M | $27.6M | ||
| Q4 24 | $127.2M | $-6.9M | ||
| Q3 24 | $39.7M | $18.0M | ||
| Q2 24 | $28.3M | $3.6M | ||
| Q1 24 | $44.1M | $9.8M |
| Q4 25 | 26.8% | 3.4% | ||
| Q3 25 | 16.4% | 2.2% | ||
| Q2 25 | 0.7% | -1.3% | ||
| Q1 25 | 9.7% | 8.2% | ||
| Q4 24 | 47.9% | -2.1% | ||
| Q3 24 | 10.8% | 5.6% | ||
| Q2 24 | 8.0% | 1.2% | ||
| Q1 24 | 13.4% | 3.2% |
| Q4 25 | 5.5% | 2.9% | ||
| Q3 25 | 1.3% | 2.4% | ||
| Q2 25 | 1.4% | 2.2% | ||
| Q1 25 | 1.8% | 1.9% | ||
| Q4 24 | 10.9% | 2.9% | ||
| Q3 24 | 1.7% | 2.0% | ||
| Q2 24 | 2.1% | 2.9% | ||
| Q1 24 | 2.1% | 3.4% |
| Q4 25 | 2.00× | 1.86× | ||
| Q3 25 | 1.09× | 1.32× | ||
| Q2 25 | 0.16× | 0.25× | ||
| Q1 25 | 0.97× | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | 1.50× | 2.72× | ||
| Q2 24 | 1.11× | 1.35× | ||
| Q1 24 | 2.19× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECPG
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
