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Side-by-side financial comparison of Guidewire Software, Inc. (GWRE) 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 $332.6M, roughly 1.0× Guidewire Software, Inc.). Guidewire Software, Inc. runs the higher net margin — 9.4% vs 3.4%, a 6.0% gap on every dollar of revenue. On growth, Guidewire Software, Inc. posted the faster year-over-year revenue change (26.5% vs 1.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-72.3M). Over the past eight quarters, Guidewire Software, Inc.'s revenue compounded faster (17.5% CAGR vs 4.4%).
Guidewire Software, Inc., commonly Guidewire, is an American software company based in San Mateo, California. It offers an industry platform for property and casualty (P&C) insurance carriers in the U.S. and worldwide.
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.
GWRE vs NGVC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $332.6M | $335.6M |
| Net Profit | $31.3M | $11.3M |
| Gross Margin | 63.0% | 29.5% |
| Operating Margin | 5.6% | 4.4% |
| Net Margin | 9.4% | 3.4% |
| Revenue YoY | 26.5% | 1.6% |
| Net Profit YoY | 242.6% | 14.0% |
| EPS (diluted) | $0.36 | $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 | $332.6M | $335.6M | ||
| Q3 25 | $356.6M | $336.1M | ||
| Q2 25 | $293.5M | $328.7M | ||
| Q1 25 | $289.5M | $335.8M | ||
| Q4 24 | $262.9M | $330.2M | ||
| Q3 24 | $291.5M | $322.7M | ||
| Q2 24 | $240.7M | $309.1M | ||
| Q1 24 | $240.9M | $308.1M |
| Q4 25 | $31.3M | $11.3M | ||
| Q3 25 | $52.0M | $11.8M | ||
| Q2 25 | $46.0M | $11.6M | ||
| Q1 25 | $-37.3M | $13.1M | ||
| Q4 24 | $9.1M | $9.9M | ||
| Q3 24 | $16.8M | $9.0M | ||
| Q2 24 | $-5.5M | $9.2M | ||
| Q1 24 | $9.7M | $8.0M |
| Q4 25 | 63.0% | 29.5% | ||
| Q3 25 | 65.0% | 29.5% | ||
| Q2 25 | 62.2% | 29.9% | ||
| Q1 25 | 61.9% | 30.3% | ||
| Q4 24 | 60.2% | 29.9% | ||
| Q3 24 | 64.0% | 29.6% | ||
| Q2 24 | 59.1% | 29.2% | ||
| Q1 24 | 59.1% | 29.3% |
| Q4 25 | 5.6% | 4.4% | ||
| Q3 25 | 8.3% | 4.6% | ||
| Q2 25 | 1.5% | 4.7% | ||
| Q1 25 | 4.0% | 5.2% | ||
| Q4 24 | -1.8% | 4.0% | ||
| Q3 24 | 3.5% | 3.7% | ||
| Q2 24 | -6.9% | 4.2% | ||
| Q1 24 | -5.2% | 3.7% |
| Q4 25 | 9.4% | 3.4% | ||
| Q3 25 | 14.6% | 3.5% | ||
| Q2 25 | 15.7% | 3.5% | ||
| Q1 25 | -12.9% | 3.9% | ||
| Q4 24 | 3.5% | 3.0% | ||
| Q3 24 | 5.7% | 2.8% | ||
| Q2 24 | -2.3% | 3.0% | ||
| Q1 24 | 4.0% | 2.6% |
| Q4 25 | $0.36 | $0.49 | ||
| Q3 25 | $0.61 | $0.51 | ||
| Q2 25 | $0.54 | $0.50 | ||
| Q1 25 | $-0.45 | $0.56 | ||
| Q4 24 | $0.11 | $0.43 | ||
| Q3 24 | $0.21 | $0.38 | ||
| Q2 24 | $-0.07 | $0.40 | ||
| Q1 24 | $0.12 | $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 | $1.0B | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $220.0M |
| Total Assets | $2.6B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $23.2M | ||
| Q3 25 | $1.1B | $17.1M | ||
| Q2 25 | $920.4M | $13.2M | ||
| Q1 25 | $1.2B | $21.2M | ||
| Q4 24 | $1.3B | $6.3M | ||
| Q3 24 | $1.0B | $8.9M | ||
| Q2 24 | $782.3M | $13.9M | ||
| Q1 24 | $777.6M | $11.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $398.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $220.0M | ||
| Q3 25 | $1.5B | $212.4M | ||
| Q2 25 | $1.4B | $202.5M | ||
| Q1 25 | $1.3B | $193.0M | ||
| Q4 24 | $1.3B | $181.9M | ||
| Q3 24 | $1.3B | $174.3M | ||
| Q2 24 | $1.3B | $167.8M | ||
| Q1 24 | $1.3B | $160.0M |
| Q4 25 | $2.6B | $668.6M | ||
| Q3 25 | $2.7B | $670.5M | ||
| Q2 25 | $2.5B | $659.0M | ||
| Q1 25 | $2.5B | $664.6M | ||
| Q4 24 | $2.6B | $648.9M | ||
| Q3 24 | $2.2B | $655.5M | ||
| Q2 24 | $2.0B | $654.4M | ||
| Q1 24 | $2.0B | $656.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-67.4M | $21.1M |
| Free Cash FlowOCF − Capex | $-72.3M | $11.6M |
| FCF MarginFCF / Revenue | -21.7% | 3.4% |
| Capex IntensityCapex / Revenue | 1.5% | 2.9% |
| Cash ConversionOCF / Net Profit | -2.15× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $286.0M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-67.4M | $21.1M | ||
| Q3 25 | $244.8M | $15.6M | ||
| Q2 25 | $32.4M | $2.9M | ||
| Q1 25 | $86.0M | $34.1M | ||
| Q4 24 | $-62.3M | $2.7M | ||
| Q3 24 | $193.8M | $24.5M | ||
| Q2 24 | $4.8M | $12.4M | ||
| Q1 24 | $69.3M | $20.2M |
| Q4 25 | $-72.3M | $11.6M | ||
| Q3 25 | $241.4M | $7.5M | ||
| Q2 25 | $31.6M | $-4.2M | ||
| Q1 25 | $85.2M | $27.6M | ||
| Q4 24 | $-63.1M | $-6.9M | ||
| Q3 24 | $192.1M | $18.0M | ||
| Q2 24 | $4.1M | $3.6M | ||
| Q1 24 | $66.3M | $9.8M |
| Q4 25 | -21.7% | 3.4% | ||
| Q3 25 | 67.7% | 2.2% | ||
| Q2 25 | 10.8% | -1.3% | ||
| Q1 25 | 29.4% | 8.2% | ||
| Q4 24 | -24.0% | -2.1% | ||
| Q3 24 | 65.9% | 5.6% | ||
| Q2 24 | 1.7% | 1.2% | ||
| Q1 24 | 27.5% | 3.2% |
| Q4 25 | 1.5% | 2.9% | ||
| Q3 25 | 1.0% | 2.4% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.3% | 1.9% | ||
| Q4 24 | 0.3% | 2.9% | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 0.3% | 2.9% | ||
| Q1 24 | 1.2% | 3.4% |
| Q4 25 | -2.15× | 1.86× | ||
| Q3 25 | 4.71× | 1.32× | ||
| Q2 25 | 0.70× | 0.25× | ||
| Q1 25 | — | 2.60× | ||
| Q4 24 | -6.82× | 0.27× | ||
| Q3 24 | 11.56× | 2.72× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | 7.15× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GWRE
| Subscription | $222.7M | 67% |
| Services | $62.4M | 19% |
| Other | $33.1M | 10% |
| Support | $14.5M | 4% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
