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Side-by-side financial comparison of GoPro, Inc. (GPRO) 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 $201.7M, roughly 1.7× GoPro, Inc.). On growth, Natural Grocers by Vitamin Cottage, Inc. posted the faster year-over-year revenue change (1.6% vs 0.4%). GoPro, Inc. produced more free cash flow last quarter ($15.0M vs $11.6M). Over the past eight quarters, GoPro, Inc.'s revenue compounded faster (13.9% CAGR vs 4.4%).
GoPro, Inc. is an American technology company founded in 2002 by Nick Woodman. It manufactures action cameras and develops its own mobile apps and video-editing software. Founded as Woodman Labs, Inc, the company is based in San Mateo, California.
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.
GPRO vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $201.7M | $335.6M |
| Net Profit | — | $11.3M |
| Gross Margin | 31.8% | 29.5% |
| Operating Margin | -4.1% | 4.4% |
| Net Margin | — | 3.4% |
| Revenue YoY | 0.4% | 1.6% |
| Net Profit YoY | — | 14.0% |
| EPS (diluted) | $-0.06 | $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 | $201.7M | $335.6M | ||
| Q3 25 | $162.9M | $336.1M | ||
| Q2 25 | $152.6M | $328.7M | ||
| Q1 25 | $134.3M | $335.8M | ||
| Q4 24 | $200.9M | $330.2M | ||
| Q3 24 | $258.9M | $322.7M | ||
| Q2 24 | $186.2M | $309.1M | ||
| Q1 24 | $155.5M | $308.1M |
| Q4 25 | — | $11.3M | ||
| Q3 25 | $-21.3M | $11.8M | ||
| Q2 25 | $-16.4M | $11.6M | ||
| Q1 25 | $-46.7M | $13.1M | ||
| Q4 24 | — | $9.9M | ||
| Q3 24 | $-8.2M | $9.0M | ||
| Q2 24 | $-47.8M | $9.2M | ||
| Q1 24 | $-339.1M | $8.0M |
| Q4 25 | 31.8% | 29.5% | ||
| Q3 25 | 35.1% | 29.5% | ||
| Q2 25 | 35.8% | 29.9% | ||
| Q1 25 | 32.1% | 30.3% | ||
| Q4 24 | 34.7% | 29.9% | ||
| Q3 24 | 35.5% | 29.6% | ||
| Q2 24 | 30.5% | 29.2% | ||
| Q1 24 | 34.1% | 29.3% |
| Q4 25 | -4.1% | 4.4% | ||
| Q3 25 | -9.8% | 4.6% | ||
| Q2 25 | -9.2% | 4.7% | ||
| Q1 25 | -33.7% | 5.2% | ||
| Q4 24 | -19.5% | 4.0% | ||
| Q3 24 | -3.1% | 3.7% | ||
| Q2 24 | -25.0% | 4.2% | ||
| Q1 24 | -26.6% | 3.7% |
| Q4 25 | — | 3.4% | ||
| Q3 25 | -13.0% | 3.5% | ||
| Q2 25 | -10.8% | 3.5% | ||
| Q1 25 | -34.8% | 3.9% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | -3.2% | 2.8% | ||
| Q2 24 | -25.7% | 3.0% | ||
| Q1 24 | -218.1% | 2.6% |
| Q4 25 | $-0.06 | $0.49 | ||
| Q3 25 | $-0.13 | $0.51 | ||
| Q2 25 | $-0.10 | $0.50 | ||
| Q1 25 | $-0.30 | $0.56 | ||
| Q4 24 | $-0.22 | $0.43 | ||
| Q3 24 | $-0.05 | $0.38 | ||
| Q2 24 | $-0.31 | $0.40 | ||
| Q1 24 | $-2.24 | $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 | $49.7M | $23.2M |
| Total DebtLower is stronger | $44.3M | — |
| Stockholders' EquityBook value | $76.5M | $220.0M |
| Total Assets | $428.0M | $668.6M |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.7M | $23.2M | ||
| Q3 25 | $152.8M | $17.1M | ||
| Q2 25 | $58.6M | $13.2M | ||
| Q1 25 | $69.6M | $21.2M | ||
| Q4 24 | $102.8M | $6.3M | ||
| Q3 24 | $130.2M | $8.9M | ||
| Q2 24 | $133.0M | $13.9M | ||
| Q1 24 | $133.7M | $11.0M |
| Q4 25 | $44.3M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $93.1M | — | ||
| Q2 24 | $92.9M | — | ||
| Q1 24 | $92.7M | — |
| Q4 25 | $76.5M | $220.0M | ||
| Q3 25 | $80.5M | $212.4M | ||
| Q2 25 | $97.9M | $202.5M | ||
| Q1 25 | $110.0M | $193.0M | ||
| Q4 24 | $151.7M | $181.9M | ||
| Q3 24 | $183.9M | $174.3M | ||
| Q2 24 | $184.7M | $167.8M | ||
| Q1 24 | $224.9M | $160.0M |
| Q4 25 | $428.0M | $668.6M | ||
| Q3 25 | $538.6M | $670.5M | ||
| Q2 25 | $439.0M | $659.0M | ||
| Q1 25 | $462.5M | $664.6M | ||
| Q4 24 | $543.7M | $648.9M | ||
| Q3 24 | $661.6M | $655.5M | ||
| Q2 24 | $556.8M | $654.4M | ||
| Q1 24 | $575.8M | $656.6M |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 0.41× | — |
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 | $15.6M | $21.1M |
| Free Cash FlowOCF − Capex | $15.0M | $11.6M |
| FCF MarginFCF / Revenue | 7.4% | 3.4% |
| Capex IntensityCapex / Revenue | 0.3% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $-24.0M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $21.1M | ||
| Q3 25 | $12.2M | $15.6M | ||
| Q2 25 | $8.8M | $2.9M | ||
| Q1 25 | $-57.2M | $34.1M | ||
| Q4 24 | $-25.1M | $2.7M | ||
| Q3 24 | $-2.2M | $24.5M | ||
| Q2 24 | $605.0K | $12.4M | ||
| Q1 24 | $-98.4M | $20.2M |
| Q4 25 | $15.0M | $11.6M | ||
| Q3 25 | $11.2M | $7.5M | ||
| Q2 25 | $8.3M | $-4.2M | ||
| Q1 25 | $-58.5M | $27.6M | ||
| Q4 24 | $-25.5M | $-6.9M | ||
| Q3 24 | $-4.2M | $18.0M | ||
| Q2 24 | $-111.0K | $3.6M | ||
| Q1 24 | $-99.4M | $9.8M |
| Q4 25 | 7.4% | 3.4% | ||
| Q3 25 | 6.9% | 2.2% | ||
| Q2 25 | 5.4% | -1.3% | ||
| Q1 25 | -43.5% | 8.2% | ||
| Q4 24 | -12.7% | -2.1% | ||
| Q3 24 | -1.6% | 5.6% | ||
| Q2 24 | -0.1% | 1.2% | ||
| Q1 24 | -63.9% | 3.2% |
| Q4 25 | 0.3% | 2.9% | ||
| Q3 25 | 0.6% | 2.4% | ||
| Q2 25 | 0.3% | 2.2% | ||
| Q1 25 | 1.0% | 1.9% | ||
| Q4 24 | 0.2% | 2.9% | ||
| Q3 24 | 0.8% | 2.0% | ||
| Q2 24 | 0.4% | 2.9% | ||
| Q1 24 | 0.6% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 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
GPRO
| Subscription And Services | $106.3M | 53% |
| Other | $95.4M | 47% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
