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Side-by-side financial comparison of Five9, Inc. (FIVN) 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 $300.3M, roughly 1.1× Five9, Inc.). On growth, Five9, Inc. posted the faster year-over-year revenue change (7.8% vs 1.6%). Five9, Inc. produced more free cash flow last quarter ($77.3M vs $11.6M). Over the past eight quarters, Five9, Inc.'s revenue compounded faster (10.3% CAGR vs 4.4%).

Five9, Inc. is a leading global provider of cloud-native contact center software and solutions. It serves enterprises of all sizes across retail, healthcare, financial services, and technology sectors, offering omnichannel customer engagement tools, AI-powered automation, workforce management, and analytics to boost customer experience and operational efficiency.

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.

FIVN vs NGVC — Head-to-Head

Bigger by revenue
NGVC
NGVC
1.1× larger
NGVC
$335.6M
$300.3M
FIVN
Growing faster (revenue YoY)
FIVN
FIVN
+6.1% gap
FIVN
7.8%
1.6%
NGVC
More free cash flow
FIVN
FIVN
$65.8M more FCF
FIVN
$77.3M
$11.6M
NGVC
Faster 2-yr revenue CAGR
FIVN
FIVN
Annualised
FIVN
10.3%
4.4%
NGVC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FIVN
FIVN
NGVC
NGVC
Revenue
$300.3M
$335.6M
Net Profit
$11.3M
Gross Margin
55.4%
29.5%
Operating Margin
6.6%
4.4%
Net Margin
3.4%
Revenue YoY
7.8%
1.6%
Net Profit YoY
14.0%
EPS (diluted)
$0.22
$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
FIVN
FIVN
NGVC
NGVC
Q4 25
$300.3M
$335.6M
Q3 25
$285.8M
$336.1M
Q2 25
$283.3M
$328.7M
Q1 25
$279.7M
$335.8M
Q4 24
$278.7M
$330.2M
Q3 24
$264.2M
$322.7M
Q2 24
$252.1M
$309.1M
Q1 24
$247.0M
$308.1M
Net Profit
FIVN
FIVN
NGVC
NGVC
Q4 25
$11.3M
Q3 25
$18.0M
$11.8M
Q2 25
$1.2M
$11.6M
Q1 25
$576.0K
$13.1M
Q4 24
$9.9M
Q3 24
$-4.5M
$9.0M
Q2 24
$-12.8M
$9.2M
Q1 24
$-7.1M
$8.0M
Gross Margin
FIVN
FIVN
NGVC
NGVC
Q4 25
55.4%
29.5%
Q3 25
55.0%
29.5%
Q2 25
54.9%
29.9%
Q1 25
55.0%
30.3%
Q4 24
56.0%
29.9%
Q3 24
53.8%
29.6%
Q2 24
53.0%
29.2%
Q1 24
53.6%
29.3%
Operating Margin
FIVN
FIVN
NGVC
NGVC
Q4 25
6.6%
4.4%
Q3 25
5.6%
4.6%
Q2 25
-0.6%
4.7%
Q1 25
-1.9%
5.2%
Q4 24
1.5%
4.0%
Q3 24
-5.8%
3.7%
Q2 24
-7.7%
4.2%
Q1 24
-8.4%
3.7%
Net Margin
FIVN
FIVN
NGVC
NGVC
Q4 25
3.4%
Q3 25
6.3%
3.5%
Q2 25
0.4%
3.5%
Q1 25
0.2%
3.9%
Q4 24
3.0%
Q3 24
-1.7%
2.8%
Q2 24
-5.1%
3.0%
Q1 24
-2.9%
2.6%
EPS (diluted)
FIVN
FIVN
NGVC
NGVC
Q4 25
$0.22
$0.49
Q3 25
$0.21
$0.51
Q2 25
$0.01
$0.50
Q1 25
$0.01
$0.56
Q4 24
$0.16
$0.43
Q3 24
$-0.06
$0.38
Q2 24
$-0.17
$0.40
Q1 24
$-0.10
$0.35

Balance Sheet & Financial Strength

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

Metric
FIVN
FIVN
NGVC
NGVC
Cash + ST InvestmentsLiquidity on hand
$232.1M
$23.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$785.8M
$220.0M
Total Assets
$1.8B
$668.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVN
FIVN
NGVC
NGVC
Q4 25
$232.1M
$23.2M
Q3 25
$193.4M
$17.1M
Q2 25
$205.5M
$13.2M
Q1 25
$370.3M
$21.2M
Q4 24
$362.5M
$6.3M
Q3 24
$291.0M
$8.9M
Q2 24
$175.7M
$13.9M
Q1 24
$240.2M
$11.0M
Stockholders' Equity
FIVN
FIVN
NGVC
NGVC
Q4 25
$785.8M
$220.0M
Q3 25
$775.3M
$212.4M
Q2 25
$717.4M
$202.5M
Q1 25
$664.3M
$193.0M
Q4 24
$622.2M
$181.9M
Q3 24
$565.6M
$174.3M
Q2 24
$525.9M
$167.8M
Q1 24
$483.6M
$160.0M
Total Assets
FIVN
FIVN
NGVC
NGVC
Q4 25
$1.8B
$668.6M
Q3 25
$1.8B
$670.5M
Q2 25
$1.7B
$659.0M
Q1 25
$2.1B
$664.6M
Q4 24
$2.1B
$648.9M
Q3 24
$2.0B
$655.5M
Q2 24
$1.9B
$654.4M
Q1 24
$1.9B
$656.6M

Cash Flow & Capital Efficiency

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

Metric
FIVN
FIVN
NGVC
NGVC
Operating Cash FlowLast quarter
$83.6M
$21.1M
Free Cash FlowOCF − Capex
$77.3M
$11.6M
FCF MarginFCF / Revenue
25.8%
3.4%
Capex IntensityCapex / Revenue
2.1%
2.9%
Cash ConversionOCF / Net Profit
1.86×
TTM Free Cash FlowTrailing 4 quarters
$201.2M
$42.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVN
FIVN
NGVC
NGVC
Q4 25
$83.6M
$21.1M
Q3 25
$59.2M
$15.6M
Q2 25
$35.1M
$2.9M
Q1 25
$48.4M
$34.1M
Q4 24
$49.8M
$2.7M
Q3 24
$41.1M
$24.5M
Q2 24
$19.9M
$12.4M
Q1 24
$32.4M
$20.2M
Free Cash Flow
FIVN
FIVN
NGVC
NGVC
Q4 25
$77.3M
$11.6M
Q3 25
$48.7M
$7.5M
Q2 25
$31.6M
$-4.2M
Q1 25
$43.7M
$27.6M
Q4 24
$40.5M
$-6.9M
Q3 24
$26.7M
$18.0M
Q2 24
$13.1M
$3.6M
Q1 24
$20.4M
$9.8M
FCF Margin
FIVN
FIVN
NGVC
NGVC
Q4 25
25.8%
3.4%
Q3 25
17.0%
2.2%
Q2 25
11.1%
-1.3%
Q1 25
15.6%
8.2%
Q4 24
14.5%
-2.1%
Q3 24
10.1%
5.6%
Q2 24
5.2%
1.2%
Q1 24
8.3%
3.2%
Capex Intensity
FIVN
FIVN
NGVC
NGVC
Q4 25
2.1%
2.9%
Q3 25
3.7%
2.4%
Q2 25
1.2%
2.2%
Q1 25
1.7%
1.9%
Q4 24
3.3%
2.9%
Q3 24
5.4%
2.0%
Q2 24
2.7%
2.9%
Q1 24
4.8%
3.4%
Cash Conversion
FIVN
FIVN
NGVC
NGVC
Q4 25
1.86×
Q3 25
3.29×
1.32×
Q2 25
30.38×
0.25×
Q1 25
84.00×
2.60×
Q4 24
0.27×
Q3 24
2.72×
Q2 24
1.35×
Q1 24
2.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FIVN
FIVN

Segment breakdown not available.

NGVC
NGVC

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

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