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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Howard Hughes Holdings Inc. is the larger business by last-quarter revenue ($624.4M vs $335.6M, roughly 1.9× Natural Grocers by Vitamin Cottage, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs 1.0%, a 2.4% 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 -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $11.6M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs 4.4%).
Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.
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.
HHH vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $624.4M | $335.6M |
| Net Profit | $6.0M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | 4.2% | 4.4% |
| Net Margin | 1.0% | 3.4% |
| Revenue YoY | -33.2% | 1.6% |
| Net Profit YoY | -96.2% | 14.0% |
| EPS (diluted) | $0.20 | $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 | $624.4M | $335.6M | ||
| Q3 25 | $390.2M | $336.1M | ||
| Q2 25 | $260.9M | $328.7M | ||
| Q1 25 | $199.3M | $335.8M | ||
| Q4 24 | $935.0M | $330.2M | ||
| Q3 24 | $327.1M | $322.7M | ||
| Q2 24 | $317.4M | $309.1M | ||
| Q1 24 | $171.1M | $308.1M |
| Q4 25 | $6.0M | $11.3M | ||
| Q3 25 | $119.5M | $11.8M | ||
| Q2 25 | $-12.1M | $11.6M | ||
| Q1 25 | $10.5M | $13.1M | ||
| Q4 24 | $156.3M | $9.9M | ||
| Q3 24 | $72.8M | $9.0M | ||
| Q2 24 | $21.1M | $9.2M | ||
| Q1 24 | $-52.5M | $8.0M |
| 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 24 | — | 29.3% |
| Q4 25 | 4.2% | 4.4% | ||
| Q3 25 | 48.6% | 4.6% | ||
| Q2 25 | 26.0% | 4.7% | ||
| Q1 25 | 24.0% | 5.2% | ||
| Q4 24 | 33.5% | 4.0% | ||
| Q3 24 | 60.6% | 3.7% | ||
| Q2 24 | 20.4% | 4.2% | ||
| Q1 24 | -9.8% | 3.7% |
| Q4 25 | 1.0% | 3.4% | ||
| Q3 25 | 30.6% | 3.5% | ||
| Q2 25 | -4.7% | 3.5% | ||
| Q1 25 | 5.3% | 3.9% | ||
| Q4 24 | 16.7% | 3.0% | ||
| Q3 24 | 22.2% | 2.8% | ||
| Q2 24 | 6.6% | 3.0% | ||
| Q1 24 | -30.7% | 2.6% |
| Q4 25 | $0.20 | $0.49 | ||
| Q3 25 | $2.02 | $0.51 | ||
| Q2 25 | $-0.22 | $0.50 | ||
| Q1 25 | $0.21 | $0.56 | ||
| Q4 24 | $3.14 | $0.43 | ||
| Q3 24 | $1.46 | $0.38 | ||
| Q2 24 | $0.42 | $0.40 | ||
| Q1 24 | $-1.06 | $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 | $1.5B | $23.2M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $3.8B | $220.0M |
| Total Assets | $10.6B | $668.6M |
| Debt / EquityLower = less leverage | 1.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $23.2M | ||
| Q3 25 | $1.5B | $17.1M | ||
| Q2 25 | $1.4B | $13.2M | ||
| Q1 25 | $493.7M | $21.2M | ||
| Q4 24 | $596.1M | $6.3M | ||
| Q3 24 | $400.7M | $8.9M | ||
| Q2 24 | $436.8M | $13.9M | ||
| Q1 24 | $462.7M | $11.0M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.8B | $220.0M | ||
| Q3 25 | $3.8B | $212.4M | ||
| Q2 25 | $3.6B | $202.5M | ||
| Q1 25 | $2.8B | $193.0M | ||
| Q4 24 | $2.8B | $181.9M | ||
| Q3 24 | $2.6B | $174.3M | ||
| Q2 24 | $3.0B | $167.8M | ||
| Q1 24 | $2.9B | $160.0M |
| Q4 25 | $10.6B | $668.6M | ||
| Q3 25 | $10.7B | $670.5M | ||
| Q2 25 | $10.3B | $659.0M | ||
| Q1 25 | $9.3B | $664.6M | ||
| Q4 24 | $9.2B | $648.9M | ||
| Q3 24 | $9.4B | $655.5M | ||
| Q2 24 | $9.9B | $654.4M | ||
| Q1 24 | $9.6B | $656.6M |
| Q4 25 | 1.35× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.85× | — | ||
| Q3 24 | — | — | ||
| 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 | $360.3M | $21.1M |
| Free Cash FlowOCF − Capex | $348.6M | $11.6M |
| FCF MarginFCF / Revenue | 55.8% | 3.4% |
| Capex IntensityCapex / Revenue | 1.9% | 2.9% |
| Cash ConversionOCF / Net Profit | 60.04× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $417.6M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.3M | $21.1M | ||
| Q3 25 | $149.8M | $15.6M | ||
| Q2 25 | $177.3M | $2.9M | ||
| Q1 25 | $-224.9M | $34.1M | ||
| Q4 24 | $337.1M | $2.7M | ||
| Q3 24 | $248.3M | $24.5M | ||
| Q2 24 | $-17.5M | $12.4M | ||
| Q1 24 | $-171.2M | $20.2M |
| Q4 25 | $348.6M | $11.6M | ||
| Q3 25 | $137.7M | $7.5M | ||
| Q2 25 | $169.7M | $-4.2M | ||
| Q1 25 | $-238.4M | $27.6M | ||
| Q4 24 | $317.1M | $-6.9M | ||
| Q3 24 | $238.7M | $18.0M | ||
| Q2 24 | $-25.1M | $3.6M | ||
| Q1 24 | $-182.0M | $9.8M |
| Q4 25 | 55.8% | 3.4% | ||
| Q3 25 | 35.3% | 2.2% | ||
| Q2 25 | 65.1% | -1.3% | ||
| Q1 25 | -119.6% | 8.2% | ||
| Q4 24 | 33.9% | -2.1% | ||
| Q3 24 | 73.0% | 5.6% | ||
| Q2 24 | -7.9% | 1.2% | ||
| Q1 24 | -106.4% | 3.2% |
| Q4 25 | 1.9% | 2.9% | ||
| Q3 25 | 3.1% | 2.4% | ||
| Q2 25 | 2.9% | 2.2% | ||
| Q1 25 | 6.8% | 1.9% | ||
| Q4 24 | 2.1% | 2.9% | ||
| Q3 24 | 2.9% | 2.0% | ||
| Q2 24 | 2.4% | 2.9% | ||
| Q1 24 | 6.3% | 3.4% |
| Q4 25 | 60.04× | 1.86× | ||
| Q3 25 | 1.25× | 1.32× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | -21.35× | 2.60× | ||
| Q4 24 | 2.16× | 0.27× | ||
| Q3 24 | 3.41× | 2.72× | ||
| Q2 24 | -0.83× | 1.35× | ||
| Q1 24 | — | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HHH
| Transferred At Point In Time | $499.8M | 80% |
| Operating Assets Segment | $117.9M | 19% |
| Builder Price Participation | $12.9M | 2% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
