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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) 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 $270.8M, roughly 1.2× HUTCHMED (China) Ltd). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs 0.7%, a 2.7% gap on every dollar of revenue. On growth, Natural Grocers by Vitamin Cottage, Inc. posted the faster year-over-year revenue change (1.6% vs -16.5%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $3.4M).
HUTCHMED (China) LtdHCMEarnings & Financial Report
HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.
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.
HCM vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $335.6M |
| Net Profit | $2.0M | $11.3M |
| Gross Margin | 37.7% | 29.5% |
| Operating Margin | -13.2% | 4.4% |
| Net Margin | 0.7% | 3.4% |
| Revenue YoY | -16.5% | 1.6% |
| Net Profit YoY | -83.6% | 14.0% |
| EPS (diluted) | $0.00 | $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 | $270.8M | $335.6M | ||
| Q3 25 | — | $336.1M | ||
| Q2 25 | $277.7M | $328.7M | ||
| Q1 25 | $324.5M | $335.8M | ||
| Q4 24 | — | $330.2M | ||
| Q3 24 | — | $322.7M | ||
| Q2 24 | $305.7M | $309.1M | ||
| Q1 24 | — | $308.1M |
| Q4 25 | $2.0M | $11.3M | ||
| Q3 25 | — | $11.8M | ||
| Q2 25 | $455.0M | $11.6M | ||
| Q1 25 | $11.9M | $13.1M | ||
| Q4 24 | — | $9.9M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | $25.8M | $9.2M | ||
| Q1 24 | — | $8.0M |
| Q4 25 | 37.7% | 29.5% | ||
| Q3 25 | — | 29.5% | ||
| Q2 25 | 0.1% | 29.9% | ||
| Q1 25 | 48.0% | 30.3% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | 41.1% | 29.2% | ||
| Q1 24 | — | 29.3% |
| Q4 25 | -13.2% | 4.4% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | -1.3% | 4.7% | ||
| Q1 25 | -5.0% | 5.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | -9.0% | 4.2% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | 0.7% | 3.4% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | 163.8% | 3.5% | ||
| Q1 25 | 3.7% | 3.9% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | 8.4% | 3.0% | ||
| Q1 24 | — | 2.6% |
| Q4 25 | $0.00 | $0.49 | ||
| Q3 25 | — | $0.51 | ||
| Q2 25 | $0.52 | $0.50 | ||
| Q1 25 | $0.01 | $0.56 | ||
| Q4 24 | — | $0.43 | ||
| Q3 24 | — | $0.38 | ||
| Q2 24 | $0.03 | $0.40 | ||
| Q1 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 | $1.4B | $23.2M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $220.0M |
| Total Assets | $1.8B | $668.6M |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $23.2M | ||
| Q3 25 | — | $17.1M | ||
| Q2 25 | $1.4B | $13.2M | ||
| Q1 25 | $836.1M | $21.2M | ||
| Q4 24 | — | $6.3M | ||
| Q3 24 | — | $8.9M | ||
| Q2 24 | $802.5M | $13.9M | ||
| Q1 24 | — | $11.0M |
| Q4 25 | $93.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $220.0M | ||
| Q3 25 | — | $212.4M | ||
| Q2 25 | $1.2B | $202.5M | ||
| Q1 25 | $759.9M | $193.0M | ||
| Q4 24 | — | $181.9M | ||
| Q3 24 | — | $174.3M | ||
| Q2 24 | $740.1M | $167.8M | ||
| Q1 24 | — | $160.0M |
| Q4 25 | $1.8B | $668.6M | ||
| Q3 25 | — | $670.5M | ||
| Q2 25 | $1.8B | $659.0M | ||
| Q1 25 | $1.3B | $664.6M | ||
| Q4 24 | — | $648.9M | ||
| Q3 24 | — | $655.5M | ||
| Q2 24 | $1.3B | $654.4M | ||
| Q1 24 | — | $656.6M |
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.11× | — | ||
| 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 | $8.2M | $21.1M |
| Free Cash FlowOCF − Capex | $3.4M | $11.6M |
| FCF MarginFCF / Revenue | 1.2% | 3.4% |
| Capex IntensityCapex / Revenue | 1.8% | 2.9% |
| Cash ConversionOCF / Net Profit | 4.21× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $21.1M | ||
| Q3 25 | — | $15.6M | ||
| Q2 25 | $-72.9M | $2.9M | ||
| Q1 25 | $40.3M | $34.1M | ||
| Q4 24 | — | $2.7M | ||
| Q3 24 | — | $24.5M | ||
| Q2 24 | $-39.8M | $12.4M | ||
| Q1 24 | — | $20.2M |
| Q4 25 | $3.4M | $11.6M | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | $-82.2M | $-4.2M | ||
| Q1 25 | $32.5M | $27.6M | ||
| Q4 24 | — | $-6.9M | ||
| Q3 24 | — | $18.0M | ||
| Q2 24 | $-49.9M | $3.6M | ||
| Q1 24 | — | $9.8M |
| Q4 25 | 1.2% | 3.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | -29.6% | -1.3% | ||
| Q1 25 | 10.0% | 8.2% | ||
| Q4 24 | — | -2.1% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | -16.3% | 1.2% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | 1.8% | 2.9% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | 3.3% | 2.2% | ||
| Q1 25 | 2.4% | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | 3.3% | 2.9% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | 4.21× | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | -0.16× | 0.25× | ||
| Q1 25 | 3.38× | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | -1.54× | 1.35× | ||
| Q1 24 | — | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
