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Side-by-side financial comparison of ESCO TECHNOLOGIES INC (ESE) 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 $289.7M, roughly 1.2× ESCO TECHNOLOGIES INC). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs 3.4%, a 6.5% gap on every dollar of revenue. On growth, ESCO TECHNOLOGIES INC posted the faster year-over-year revenue change (17.3% vs 1.6%). ESCO TECHNOLOGIES INC produced more free cash flow last quarter ($63.0M vs $11.6M). Over the past eight quarters, ESCO TECHNOLOGIES INC's revenue compounded faster (7.8% CAGR vs 4.4%).

Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.

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.

ESE vs NGVC — Head-to-Head

Bigger by revenue
NGVC
NGVC
1.2× larger
NGVC
$335.6M
$289.7M
ESE
Growing faster (revenue YoY)
ESE
ESE
+15.6% gap
ESE
17.3%
1.6%
NGVC
Higher net margin
ESE
ESE
6.5% more per $
ESE
9.9%
3.4%
NGVC
More free cash flow
ESE
ESE
$51.4M more FCF
ESE
$63.0M
$11.6M
NGVC
Faster 2-yr revenue CAGR
ESE
ESE
Annualised
ESE
7.8%
4.4%
NGVC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ESE
ESE
NGVC
NGVC
Revenue
$289.7M
$335.6M
Net Profit
$28.7M
$11.3M
Gross Margin
41.4%
29.5%
Operating Margin
13.2%
4.4%
Net Margin
9.9%
3.4%
Revenue YoY
17.3%
1.6%
Net Profit YoY
22.2%
14.0%
EPS (diluted)
$1.11
$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.

Revenue
ESE
ESE
NGVC
NGVC
Q4 25
$289.7M
$335.6M
Q3 25
$286.5M
$336.1M
Q2 25
$296.3M
$328.7M
Q1 25
$265.5M
$335.8M
Q4 24
$247.0M
$330.2M
Q3 24
$298.5M
$322.7M
Q2 24
$260.8M
$309.1M
Q1 24
$249.1M
$308.1M
Net Profit
ESE
ESE
NGVC
NGVC
Q4 25
$28.7M
$11.3M
Q3 25
$218.7M
$11.8M
Q2 25
$26.1M
$11.6M
Q1 25
$31.0M
$13.1M
Q4 24
$23.5M
$9.9M
Q3 24
$34.3M
$9.0M
Q2 24
$29.2M
$9.2M
Q1 24
$23.2M
$8.0M
Gross Margin
ESE
ESE
NGVC
NGVC
Q4 25
41.4%
29.5%
Q3 25
45.9%
29.5%
Q2 25
41.2%
29.9%
Q1 25
41.1%
30.3%
Q4 24
39.8%
29.9%
Q3 24
40.1%
29.6%
Q2 24
39.6%
29.2%
Q1 24
38.8%
29.3%
Operating Margin
ESE
ESE
NGVC
NGVC
Q4 25
13.2%
4.4%
Q3 25
17.2%
4.6%
Q2 25
11.2%
4.7%
Q1 25
15.3%
5.2%
Q4 24
11.4%
4.0%
Q3 24
14.8%
3.7%
Q2 24
14.3%
4.2%
Q1 24
11.7%
3.7%
Net Margin
ESE
ESE
NGVC
NGVC
Q4 25
9.9%
3.4%
Q3 25
76.3%
3.5%
Q2 25
8.8%
3.5%
Q1 25
11.7%
3.9%
Q4 24
9.5%
3.0%
Q3 24
11.5%
2.8%
Q2 24
11.2%
3.0%
Q1 24
9.3%
2.6%
EPS (diluted)
ESE
ESE
NGVC
NGVC
Q4 25
$1.11
$0.49
Q3 25
$8.43
$0.51
Q2 25
$1.01
$0.50
Q1 25
$1.20
$0.56
Q4 24
$0.91
$0.43
Q3 24
$1.32
$0.38
Q2 24
$1.13
$0.40
Q1 24
$0.90
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ESE
ESE
NGVC
NGVC
Cash + ST InvestmentsLiquidity on hand
$103.8M
$23.2M
Total DebtLower is stronger
$145.5M
Stockholders' EquityBook value
$1.6B
$220.0M
Total Assets
$2.4B
$668.6M
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESE
ESE
NGVC
NGVC
Q4 25
$103.8M
$23.2M
Q3 25
$101.3M
$17.1M
Q2 25
$78.7M
$13.2M
Q1 25
$57.4M
$21.2M
Q4 24
$71.3M
$6.3M
Q3 24
$66.0M
$8.9M
Q2 24
$63.0M
$13.9M
Q1 24
$59.4M
$11.0M
Total Debt
ESE
ESE
NGVC
NGVC
Q4 25
$145.5M
Q3 25
$186.0M
Q2 25
$525.0M
Q1 25
$88.0M
Q4 24
$112.0M
Q3 24
$122.0M
Q2 24
$173.0M
Q1 24
$191.0M
Stockholders' Equity
ESE
ESE
NGVC
NGVC
Q4 25
$1.6B
$220.0M
Q3 25
$1.5B
$212.4M
Q2 25
$1.3B
$202.5M
Q1 25
$1.3B
$193.0M
Q4 24
$1.2B
$181.9M
Q3 24
$1.2B
$174.3M
Q2 24
$1.2B
$167.8M
Q1 24
$1.2B
$160.0M
Total Assets
ESE
ESE
NGVC
NGVC
Q4 25
$2.4B
$668.6M
Q3 25
$2.4B
$670.5M
Q2 25
$2.5B
$659.0M
Q1 25
$1.8B
$664.6M
Q4 24
$1.8B
$648.9M
Q3 24
$1.8B
$655.5M
Q2 24
$1.8B
$654.4M
Q1 24
$1.8B
$656.6M
Debt / Equity
ESE
ESE
NGVC
NGVC
Q4 25
0.09×
Q3 25
0.12×
Q2 25
0.40×
Q1 25
0.07×
Q4 24
0.09×
Q3 24
0.10×
Q2 24
0.14×
Q1 24
0.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ESE
ESE
NGVC
NGVC
Operating Cash FlowLast quarter
$68.9M
$21.1M
Free Cash FlowOCF − Capex
$63.0M
$11.6M
FCF MarginFCF / Revenue
21.7%
3.4%
Capex IntensityCapex / Revenue
2.0%
2.9%
Cash ConversionOCF / Net Profit
2.40×
1.86×
TTM Free Cash FlowTrailing 4 quarters
$239.6M
$42.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESE
ESE
NGVC
NGVC
Q4 25
$68.9M
$21.1M
Q3 25
$109.9M
$15.6M
Q2 25
$73.7M
$2.9M
Q1 25
$24.1M
$34.1M
Q4 24
$34.2M
$2.7M
Q3 24
$72.1M
$24.5M
Q2 24
$36.2M
$12.4M
Q1 24
$10.5M
$20.2M
Free Cash Flow
ESE
ESE
NGVC
NGVC
Q4 25
$63.0M
$11.6M
Q3 25
$97.8M
$7.5M
Q2 25
$64.9M
$-4.2M
Q1 25
$14.0M
$27.6M
Q4 24
$29.0M
$-6.9M
Q3 24
$60.9M
$18.0M
Q2 24
$27.6M
$3.6M
Q1 24
$2.0M
$9.8M
FCF Margin
ESE
ESE
NGVC
NGVC
Q4 25
21.7%
3.4%
Q3 25
34.1%
2.2%
Q2 25
21.9%
-1.3%
Q1 25
5.3%
8.2%
Q4 24
11.7%
-2.1%
Q3 24
20.4%
5.6%
Q2 24
10.6%
1.2%
Q1 24
0.8%
3.2%
Capex Intensity
ESE
ESE
NGVC
NGVC
Q4 25
2.0%
2.9%
Q3 25
4.2%
2.4%
Q2 25
3.0%
2.2%
Q1 25
3.8%
1.9%
Q4 24
2.1%
2.9%
Q3 24
3.8%
2.0%
Q2 24
3.3%
2.9%
Q1 24
3.4%
3.4%
Cash Conversion
ESE
ESE
NGVC
NGVC
Q4 25
2.40×
1.86×
Q3 25
0.50×
1.32×
Q2 25
2.83×
0.25×
Q1 25
0.78×
2.60×
Q4 24
1.46×
0.27×
Q3 24
2.10×
2.72×
Q2 24
1.24×
1.35×
Q1 24
0.45×
2.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ESE
ESE

US Government$98.0M34%
Utility Solutions Group$87.5M30%
RF Shielding And Test$58.3M20%
Commercial$45.8M16%
Related Party$1.3M0%

NGVC
NGVC

Grocery$243.8M73%
Dietary Supplements$60.7M18%
Manufactured Product Other$31.0M9%

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