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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
WARRIOR MET COAL, INC. is the larger business by last-quarter revenue ($458.6M vs $335.6M, roughly 1.4× Natural Grocers by Vitamin Cottage, Inc.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 3.4%, a 12.4% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 1.6%). Over the past eight quarters, WARRIOR MET COAL, INC.'s revenue compounded faster (7.5% CAGR vs 4.4%).
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
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.
HCC vs NGVC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $335.6M |
| Net Profit | $72.3M | $11.3M |
| Gross Margin | 36.7% | 29.5% |
| Operating Margin | 17.3% | 4.4% |
| Net Margin | 15.8% | 3.4% |
| Revenue YoY | 52.1% | 1.6% |
| Net Profit YoY | — | 14.0% |
| EPS (diluted) | $1.37 | $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 | $458.6M | — | ||
| Q4 25 | $384.0M | $335.6M | ||
| Q3 25 | $328.6M | $336.1M | ||
| Q2 25 | $297.5M | $328.7M | ||
| Q1 25 | $299.9M | $335.8M | ||
| Q4 24 | $297.5M | $330.2M | ||
| Q3 24 | $327.7M | $322.7M | ||
| Q2 24 | $396.5M | $309.1M |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | $11.3M | ||
| Q3 25 | $36.6M | $11.8M | ||
| Q2 25 | $5.6M | $11.6M | ||
| Q1 25 | $-8.2M | $13.1M | ||
| Q4 24 | $1.1M | $9.9M | ||
| Q3 24 | $41.8M | $9.0M | ||
| Q2 24 | $70.7M | $9.2M |
| Q1 26 | 36.7% | — | ||
| Q4 25 | 29.5% | 29.5% | ||
| Q3 25 | 27.1% | 29.5% | ||
| Q2 25 | 23.9% | 29.9% | ||
| Q1 25 | 18.1% | 30.3% | ||
| Q4 24 | 23.1% | 29.9% | ||
| Q3 24 | 29.3% | 29.6% | ||
| Q2 24 | 34.1% | 29.2% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | 4.4% | ||
| Q3 25 | 6.3% | 4.6% | ||
| Q2 25 | 2.6% | 4.7% | ||
| Q1 25 | -5.8% | 5.2% | ||
| Q4 24 | -1.4% | 4.0% | ||
| Q3 24 | 11.9% | 3.7% | ||
| Q2 24 | 17.9% | 4.2% |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | 3.4% | ||
| Q3 25 | 11.1% | 3.5% | ||
| Q2 25 | 1.9% | 3.5% | ||
| Q1 25 | -2.7% | 3.9% | ||
| Q4 24 | 0.4% | 3.0% | ||
| Q3 24 | 12.7% | 2.8% | ||
| Q2 24 | 17.8% | 3.0% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $0.49 | ||
| Q3 25 | $0.70 | $0.51 | ||
| Q2 25 | $0.11 | $0.50 | ||
| Q1 25 | $-0.16 | $0.56 | ||
| Q4 24 | $0.02 | $0.43 | ||
| Q3 24 | $0.80 | $0.38 | ||
| Q2 24 | $1.35 | $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 | $233.2M | $23.2M |
| Total DebtLower is stronger | $154.4M | — |
| Stockholders' EquityBook value | — | $220.0M |
| Total Assets | $2.8B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $23.2M | ||
| Q3 25 | $336.3M | $17.1M | ||
| Q2 25 | $383.3M | $13.2M | ||
| Q1 25 | $454.9M | $21.2M | ||
| Q4 24 | $491.5M | $6.3M | ||
| Q3 24 | $583.2M | $8.9M | ||
| Q2 24 | $709.0M | $13.9M |
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | — | ||
| Q3 25 | $154.1M | — | ||
| Q2 25 | $153.9M | — | ||
| Q1 25 | $153.8M | — | ||
| Q4 24 | $153.6M | — | ||
| Q3 24 | $153.5M | — | ||
| Q2 24 | $153.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $220.0M | ||
| Q3 25 | $2.1B | $212.4M | ||
| Q2 25 | $2.1B | $202.5M | ||
| Q1 25 | $2.1B | $193.0M | ||
| Q4 24 | $2.1B | $181.9M | ||
| Q3 24 | $2.1B | $174.3M | ||
| Q2 24 | $2.0B | $167.8M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $668.6M | ||
| Q3 25 | $2.7B | $670.5M | ||
| Q2 25 | $2.6B | $659.0M | ||
| Q1 25 | $2.6B | $664.6M | ||
| Q4 24 | $2.6B | $648.9M | ||
| Q3 24 | $2.6B | $655.5M | ||
| Q2 24 | $2.6B | $654.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.07× | — |
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 | $76.1M | $21.1M | ||
| Q3 25 | $104.7M | $15.6M | ||
| Q2 25 | $37.5M | $2.9M | ||
| Q1 25 | $10.9M | $34.1M | ||
| Q4 24 | $54.2M | $2.7M | ||
| Q3 24 | $62.2M | $24.5M | ||
| Q2 24 | $147.0M | $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 | 3.31× | 1.86× | ||
| Q3 25 | 2.86× | 1.32× | ||
| Q2 25 | 6.70× | 0.25× | ||
| Q1 25 | — | 2.60× | ||
| Q4 24 | 47.68× | 0.27× | ||
| Q3 24 | 1.49× | 2.72× | ||
| Q2 24 | 2.08× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
