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Side-by-side financial comparison of Hims & Hers Health, Inc. (HIMS) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Hims & Hers Health, Inc. is the larger business by last-quarter revenue ($617.8M vs $335.6M, roughly 1.8× Natural Grocers by Vitamin Cottage, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs 3.3%, a 0.0% gap on every dollar of revenue. On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (28.4% vs 1.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-2.5M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs 4.4%).
Hims & Hers Health, Inc. is an American telehealth company established in 2017. The company provides prescription medications, over-the-counter medications, and personal care products.
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.
HIMS vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $617.8M | $335.6M |
| Net Profit | $20.6M | $11.3M |
| Gross Margin | 71.9% | 29.5% |
| Operating Margin | 1.5% | 4.4% |
| Net Margin | 3.3% | 3.4% |
| Revenue YoY | 28.4% | 1.6% |
| Net Profit YoY | -20.8% | 14.0% |
| EPS (diluted) | $0.08 | $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 | $617.8M | $335.6M | ||
| Q3 25 | $599.0M | $336.1M | ||
| Q2 25 | $544.8M | $328.7M | ||
| Q1 25 | $586.0M | $335.8M | ||
| Q4 24 | $481.1M | $330.2M | ||
| Q3 24 | $401.6M | $322.7M | ||
| Q2 24 | $315.6M | $309.1M | ||
| Q1 24 | $278.2M | $308.1M |
| Q4 25 | $20.6M | $11.3M | ||
| Q3 25 | $15.8M | $11.8M | ||
| Q2 25 | $42.5M | $11.6M | ||
| Q1 25 | $49.5M | $13.1M | ||
| Q4 24 | $26.0M | $9.9M | ||
| Q3 24 | $75.6M | $9.0M | ||
| Q2 24 | $13.3M | $9.2M | ||
| Q1 24 | $11.1M | $8.0M |
| Q4 25 | 71.9% | 29.5% | ||
| Q3 25 | 73.8% | 29.5% | ||
| Q2 25 | 76.4% | 29.9% | ||
| Q1 25 | 73.5% | 30.3% | ||
| Q4 24 | 76.8% | 29.9% | ||
| Q3 24 | 79.2% | 29.6% | ||
| Q2 24 | 81.3% | 29.2% | ||
| Q1 24 | 82.4% | 29.3% |
| Q4 25 | 1.5% | 4.4% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | 4.9% | 4.7% | ||
| Q1 25 | 9.9% | 5.2% | ||
| Q4 24 | 3.9% | 4.0% | ||
| Q3 24 | 5.6% | 3.7% | ||
| Q2 24 | 3.5% | 4.2% | ||
| Q1 24 | 3.6% | 3.7% |
| Q4 25 | 3.3% | 3.4% | ||
| Q3 25 | 2.6% | 3.5% | ||
| Q2 25 | 7.8% | 3.5% | ||
| Q1 25 | 8.4% | 3.9% | ||
| Q4 24 | 5.4% | 3.0% | ||
| Q3 24 | 18.8% | 2.8% | ||
| Q2 24 | 4.2% | 3.0% | ||
| Q1 24 | 4.0% | 2.6% |
| Q4 25 | $0.08 | $0.49 | ||
| Q3 25 | $0.06 | $0.51 | ||
| Q2 25 | $0.17 | $0.50 | ||
| Q1 25 | $0.20 | $0.56 | ||
| Q4 24 | $0.10 | $0.43 | ||
| Q3 24 | $0.32 | $0.38 | ||
| Q2 24 | $0.06 | $0.40 | ||
| Q1 24 | $0.05 | $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 | $228.6M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $540.9M | $220.0M |
| Total Assets | $2.2B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $228.6M | $23.2M | ||
| Q3 25 | $345.8M | $17.1M | ||
| Q2 25 | $1.1B | $13.2M | ||
| Q1 25 | $273.7M | $21.2M | ||
| Q4 24 | $220.6M | $6.3M | ||
| Q3 24 | $165.5M | $8.9M | ||
| Q2 24 | $129.3M | $13.9M | ||
| Q1 24 | $105.2M | $11.0M |
| Q4 25 | $540.9M | $220.0M | ||
| Q3 25 | $581.0M | $212.4M | ||
| Q2 25 | $562.7M | $202.5M | ||
| Q1 25 | $549.3M | $193.0M | ||
| Q4 24 | $476.7M | $181.9M | ||
| Q3 24 | $440.1M | $174.3M | ||
| Q2 24 | $362.0M | $167.8M | ||
| Q1 24 | $344.5M | $160.0M |
| Q4 25 | $2.2B | $668.6M | ||
| Q3 25 | $2.2B | $670.5M | ||
| Q2 25 | $1.9B | $659.0M | ||
| Q1 25 | $891.7M | $664.6M | ||
| Q4 24 | $707.5M | $648.9M | ||
| Q3 24 | $602.3M | $655.5M | ||
| Q2 24 | $480.5M | $654.4M | ||
| Q1 24 | $448.1M | $656.6M |
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 | $61.3M | $21.1M |
| Free Cash FlowOCF − Capex | $-2.5M | $11.6M |
| FCF MarginFCF / Revenue | -0.4% | 3.4% |
| Capex IntensityCapex / Revenue | 10.3% | 2.9% |
| Cash ConversionOCF / Net Profit | 2.98× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $57.4M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $61.3M | $21.1M | ||
| Q3 25 | $148.7M | $15.6M | ||
| Q2 25 | $-19.1M | $2.9M | ||
| Q1 25 | $109.1M | $34.1M | ||
| Q4 24 | $86.4M | $2.7M | ||
| Q3 24 | $85.3M | $24.5M | ||
| Q2 24 | $53.6M | $12.4M | ||
| Q1 24 | $25.8M | $20.2M |
| Q4 25 | $-2.5M | $11.6M | ||
| Q3 25 | $79.3M | $7.5M | ||
| Q2 25 | $-69.5M | $-4.2M | ||
| Q1 25 | $50.1M | $27.6M | ||
| Q4 24 | $59.5M | $-6.9M | ||
| Q3 24 | $79.4M | $18.0M | ||
| Q2 24 | $47.6M | $3.6M | ||
| Q1 24 | $11.8M | $9.8M |
| Q4 25 | -0.4% | 3.4% | ||
| Q3 25 | 13.2% | 2.2% | ||
| Q2 25 | -12.8% | -1.3% | ||
| Q1 25 | 8.5% | 8.2% | ||
| Q4 24 | 12.4% | -2.1% | ||
| Q3 24 | 19.8% | 5.6% | ||
| Q2 24 | 15.1% | 1.2% | ||
| Q1 24 | 4.3% | 3.2% |
| Q4 25 | 10.3% | 2.9% | ||
| Q3 25 | 11.6% | 2.4% | ||
| Q2 25 | 9.3% | 2.2% | ||
| Q1 25 | 10.1% | 1.9% | ||
| Q4 24 | 5.6% | 2.9% | ||
| Q3 24 | 1.5% | 2.0% | ||
| Q2 24 | 1.9% | 2.9% | ||
| Q1 24 | 5.0% | 3.4% |
| Q4 25 | 2.98× | 1.86× | ||
| Q3 25 | 9.43× | 1.32× | ||
| Q2 25 | -0.45× | 0.25× | ||
| Q1 25 | 2.20× | 2.60× | ||
| Q4 24 | 3.32× | 0.27× | ||
| Q3 24 | 1.13× | 2.72× | ||
| Q2 24 | 4.03× | 1.35× | ||
| Q1 24 | 2.32× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HIMS
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
