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Side-by-side financial comparison of Essex Property Trust (ESS) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $335.6M, roughly 1.4× Natural Grocers by Vitamin Cottage, Inc.). Essex Property Trust runs the higher net margin — 17.9% vs 3.4%, a 14.5% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs 1.6%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 4.4%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
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.
ESS vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $335.6M |
| Net Profit | $85.7M | $11.3M |
| Gross Margin | 70.0% | 29.5% |
| Operating Margin | 31.7% | 4.4% |
| Net Margin | 17.9% | 3.4% |
| Revenue YoY | 5.5% | 1.6% |
| Net Profit YoY | -71.6% | 14.0% |
| EPS (diluted) | $1.24 | $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 | $479.6M | $335.6M | ||
| Q3 25 | $473.3M | $336.1M | ||
| Q2 25 | $469.8M | $328.7M | ||
| Q1 25 | $464.6M | $335.8M | ||
| Q4 24 | $454.5M | $330.2M | ||
| Q3 24 | $450.7M | $322.7M | ||
| Q2 24 | $442.4M | $309.1M | ||
| Q1 24 | $426.9M | $308.1M |
| Q4 25 | $85.7M | $11.3M | ||
| Q3 25 | $172.7M | $11.8M | ||
| Q2 25 | $231.5M | $11.6M | ||
| Q1 25 | $212.8M | $13.1M | ||
| Q4 24 | $301.7M | $9.9M | ||
| Q3 24 | $125.5M | $9.0M | ||
| Q2 24 | $99.0M | $9.2M | ||
| Q1 24 | $285.1M | $8.0M |
| Q4 25 | 70.0% | 29.5% | ||
| Q3 25 | 69.2% | 29.5% | ||
| Q2 25 | 70.7% | 29.9% | ||
| Q1 25 | 69.6% | 30.3% | ||
| Q4 24 | 70.0% | 29.9% | ||
| Q3 24 | 69.5% | 29.6% | ||
| Q2 24 | 70.8% | 29.2% | ||
| Q1 24 | 69.7% | 29.3% |
| Q4 25 | 31.7% | 4.4% | ||
| Q3 25 | 44.5% | 4.6% | ||
| Q2 25 | 59.5% | 4.7% | ||
| Q1 25 | 55.3% | 5.2% | ||
| Q4 24 | 67.0% | 4.0% | ||
| Q3 24 | 28.6% | 3.7% | ||
| Q2 24 | 31.1% | 4.2% | ||
| Q1 24 | 31.0% | 3.7% |
| Q4 25 | 17.9% | 3.4% | ||
| Q3 25 | 36.5% | 3.5% | ||
| Q2 25 | 49.3% | 3.5% | ||
| Q1 25 | 45.8% | 3.9% | ||
| Q4 24 | 66.4% | 3.0% | ||
| Q3 24 | 27.8% | 2.8% | ||
| Q2 24 | 22.4% | 3.0% | ||
| Q1 24 | 66.8% | 2.6% |
| Q4 25 | $1.24 | $0.49 | ||
| Q3 25 | $2.56 | $0.51 | ||
| Q2 25 | $3.44 | $0.50 | ||
| Q1 25 | $3.16 | $0.56 | ||
| Q4 24 | $4.00 | $0.43 | ||
| Q3 24 | $1.84 | $0.38 | ||
| Q2 24 | $1.45 | $0.40 | ||
| Q1 24 | $4.25 | $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 | $76.2M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $220.0M |
| Total Assets | $13.2B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $23.2M | ||
| Q3 25 | $66.0M | $17.1M | ||
| Q2 25 | $58.7M | $13.2M | ||
| Q1 25 | $98.7M | $21.2M | ||
| Q4 24 | $66.8M | $6.3M | ||
| Q3 24 | $71.3M | $8.9M | ||
| Q2 24 | $55.2M | $13.9M | ||
| Q1 24 | $499.0M | $11.0M |
| Q4 25 | — | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | $220.0M | ||
| Q3 25 | $5.6B | $212.4M | ||
| Q2 25 | $5.6B | $202.5M | ||
| Q1 25 | $5.6B | $193.0M | ||
| Q4 24 | $5.5B | $181.9M | ||
| Q3 24 | $5.4B | $174.3M | ||
| Q2 24 | $5.5B | $167.8M | ||
| Q1 24 | $5.5B | $160.0M |
| Q4 25 | $13.2B | $668.6M | ||
| Q3 25 | $13.2B | $670.5M | ||
| Q2 25 | $13.2B | $659.0M | ||
| Q1 25 | $13.2B | $664.6M | ||
| Q4 24 | $12.9B | $648.9M | ||
| Q3 24 | $12.6B | $655.5M | ||
| Q2 24 | $12.5B | $654.4M | ||
| Q1 24 | $12.9B | $656.6M |
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.19× | — |
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 | $1.1B | $21.1M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | 12.53× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $21.1M | ||
| Q3 25 | $342.6M | $15.6M | ||
| Q2 25 | $216.1M | $2.9M | ||
| Q1 25 | $281.5M | $34.1M | ||
| Q4 24 | $1.1B | $2.7M | ||
| Q3 24 | $316.2M | $24.5M | ||
| Q2 24 | $218.9M | $12.4M | ||
| Q1 24 | $314.9M | $20.2M |
| 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 24 | — | $9.8M |
| 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 24 | — | 3.2% |
| 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 24 | — | 3.4% |
| Q4 25 | 12.53× | 1.86× | ||
| Q3 25 | 1.98× | 1.32× | ||
| Q2 25 | 0.93× | 0.25× | ||
| Q1 25 | 1.32× | 2.60× | ||
| Q4 24 | 3.54× | 0.27× | ||
| Q3 24 | 2.52× | 2.72× | ||
| Q2 24 | 2.21× | 1.35× | ||
| Q1 24 | 1.10× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
