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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $335.6M, roughly 1.0× Natural Grocers by Vitamin Cottage, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 3.4%, a 35.2% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 1.6%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 4.4%).
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
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.
FRT vs NGVC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $335.6M |
| Net Profit | $129.7M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | 53.8% | 4.4% |
| Net Margin | 38.6% | 3.4% |
| Revenue YoY | 8.7% | 1.6% |
| Net Profit YoY | 103.5% | 14.0% |
| EPS (diluted) | $1.49 | $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 | $336.0M | — | ||
| Q4 25 | $336.0M | $335.6M | ||
| Q3 25 | $322.3M | $336.1M | ||
| Q2 25 | $311.5M | $328.7M | ||
| Q1 25 | $309.2M | $335.8M | ||
| Q4 24 | $311.4M | $330.2M | ||
| Q3 24 | $303.6M | $322.7M | ||
| Q2 24 | $296.1M | $309.1M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $11.3M | ||
| Q3 25 | $61.6M | $11.8M | ||
| Q2 25 | $155.9M | $11.6M | ||
| Q1 25 | $63.8M | $13.1M | ||
| Q4 24 | $65.5M | $9.9M | ||
| Q3 24 | $61.0M | $9.0M | ||
| Q2 24 | $112.0M | $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 | 53.8% | — | ||
| Q4 25 | 53.8% | 4.4% | ||
| Q3 25 | 34.3% | 4.6% | ||
| Q2 25 | 65.1% | 4.7% | ||
| Q1 25 | 35.0% | 5.2% | ||
| Q4 24 | 35.1% | 4.0% | ||
| Q3 24 | 34.9% | 3.7% | ||
| Q2 24 | 53.0% | 4.2% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | 3.4% | ||
| Q3 25 | 19.1% | 3.5% | ||
| Q2 25 | 50.0% | 3.5% | ||
| Q1 25 | 20.6% | 3.9% | ||
| Q4 24 | 21.0% | 3.0% | ||
| Q3 24 | 20.1% | 2.8% | ||
| Q2 24 | 37.8% | 3.0% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $0.49 | ||
| Q3 25 | $0.69 | $0.51 | ||
| Q2 25 | $1.78 | $0.50 | ||
| Q1 25 | $0.72 | $0.56 | ||
| Q4 24 | $0.74 | $0.43 | ||
| Q3 24 | $0.70 | $0.38 | ||
| Q2 24 | $1.32 | $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 | $107.4M | $23.2M |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.2B | $220.0M |
| Total Assets | $9.1B | $668.6M |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $23.2M | ||
| Q3 25 | $111.3M | $17.1M | ||
| Q2 25 | $177.0M | $13.2M | ||
| Q1 25 | $109.2M | $21.2M | ||
| Q4 24 | $123.4M | $6.3M | ||
| Q3 24 | $97.0M | $8.9M | ||
| Q2 24 | $103.2M | $13.9M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $220.0M | ||
| Q3 25 | $3.2B | $212.4M | ||
| Q2 25 | $3.2B | $202.5M | ||
| Q1 25 | $3.2B | $193.0M | ||
| Q4 24 | $3.2B | $181.9M | ||
| Q3 24 | $3.1B | $174.3M | ||
| Q2 24 | $3.0B | $167.8M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $668.6M | ||
| Q3 25 | $8.9B | $670.5M | ||
| Q2 25 | $8.6B | $659.0M | ||
| Q1 25 | $8.6B | $664.6M | ||
| Q4 24 | $8.5B | $648.9M | ||
| Q3 24 | $8.5B | $655.5M | ||
| Q2 24 | $8.4B | $654.4M |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $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 | $622.4M | $21.1M | ||
| Q3 25 | $147.8M | $15.6M | ||
| Q2 25 | $150.7M | $2.9M | ||
| Q1 25 | $179.0M | $34.1M | ||
| Q4 24 | $574.6M | $2.7M | ||
| Q3 24 | $144.1M | $24.5M | ||
| Q2 24 | $169.7M | $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 | 4.80× | 1.86× | ||
| Q3 25 | 2.40× | 1.32× | ||
| Q2 25 | 0.97× | 0.25× | ||
| Q1 25 | 2.81× | 2.60× | ||
| Q4 24 | 8.77× | 0.27× | ||
| Q3 24 | 2.36× | 2.72× | ||
| Q2 24 | 1.52× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
