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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) 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 $300.5M, roughly 1.1× Hilltop Holdings Inc.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 3.4%, a 9.6% gap on every dollar of revenue. Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs 0.6%).
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
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.
HTH vs NGVC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $300.5M | $335.6M |
| Net Profit | $39.0M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | — | 4.4% |
| Net Margin | 13.0% | 3.4% |
| Revenue YoY | — | 1.6% |
| Net Profit YoY | -12.4% | 14.0% |
| EPS (diluted) | $0.64 | $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 | $300.5M | — | ||
| Q4 25 | $329.9M | $335.6M | ||
| Q3 25 | $330.2M | $336.1M | ||
| Q2 25 | $303.3M | $328.7M | ||
| Q1 25 | $318.5M | $335.8M | ||
| Q4 24 | $301.1M | $330.2M | ||
| Q3 24 | $305.5M | $322.7M | ||
| Q2 24 | $297.0M | $309.1M |
| Q1 26 | $39.0M | — | ||
| Q4 25 | $41.6M | $11.3M | ||
| Q3 25 | $45.8M | $11.8M | ||
| Q2 25 | $36.1M | $11.6M | ||
| Q1 25 | $42.1M | $13.1M | ||
| Q4 24 | $35.5M | $9.9M | ||
| Q3 24 | $29.7M | $9.0M | ||
| Q2 24 | $20.3M | $9.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 16.1% | 4.4% | ||
| Q3 25 | 18.4% | 4.6% | ||
| Q2 25 | 16.3% | 4.7% | ||
| Q1 25 | 18.1% | 5.2% | ||
| Q4 24 | 14.7% | 4.0% | ||
| Q3 24 | 13.9% | 3.7% | ||
| Q2 24 | 10.0% | 4.2% |
| Q1 26 | 13.0% | — | ||
| Q4 25 | 12.6% | 3.4% | ||
| Q3 25 | 13.9% | 3.5% | ||
| Q2 25 | 11.9% | 3.5% | ||
| Q1 25 | 13.2% | 3.9% | ||
| Q4 24 | 11.8% | 3.0% | ||
| Q3 24 | 9.7% | 2.8% | ||
| Q2 24 | 6.8% | 3.0% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.68 | $0.49 | ||
| Q3 25 | $0.74 | $0.51 | ||
| Q2 25 | $0.57 | $0.50 | ||
| Q1 25 | $0.65 | $0.56 | ||
| Q4 24 | $0.55 | $0.43 | ||
| Q3 24 | $0.46 | $0.38 | ||
| Q2 24 | $0.31 | $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 | — | $23.2M |
| Total DebtLower is stronger | $990.8M | — |
| Stockholders' EquityBook value | $2.2B | $220.0M |
| Total Assets | $15.7B | $668.6M |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $17.1M | ||
| Q2 25 | — | $13.2M | ||
| Q1 25 | — | $21.2M | ||
| Q4 24 | — | $6.3M | ||
| Q3 24 | — | $8.9M | ||
| Q2 24 | — | $13.9M |
| Q1 26 | $990.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $220.0M | ||
| Q3 25 | $2.2B | $212.4M | ||
| Q2 25 | $2.2B | $202.5M | ||
| Q1 25 | $2.2B | $193.0M | ||
| Q4 24 | $2.2B | $181.9M | ||
| Q3 24 | $2.2B | $174.3M | ||
| Q2 24 | $2.1B | $167.8M |
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.8B | $668.6M | ||
| Q3 25 | $15.6B | $670.5M | ||
| Q2 25 | $15.4B | $659.0M | ||
| Q1 25 | $15.8B | $664.6M | ||
| Q4 24 | $16.3B | $648.9M | ||
| Q3 24 | $15.9B | $655.5M | ||
| Q2 24 | $15.6B | $654.4M |
| Q1 26 | 0.46× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $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 | $-38.7M | $21.1M | ||
| Q3 25 | $273.0M | $15.6M | ||
| Q2 25 | $-234.6M | $2.9M | ||
| Q1 25 | $5.8M | $34.1M | ||
| Q4 24 | $273.9M | $2.7M | ||
| Q3 24 | $515.6M | $24.5M | ||
| Q2 24 | $-435.3M | $12.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.5M | $11.6M | ||
| Q3 25 | $271.0M | $7.5M | ||
| Q2 25 | $-234.6M | $-4.2M | ||
| Q1 25 | $5.0M | $27.6M | ||
| Q4 24 | $266.8M | $-6.9M | ||
| Q3 24 | $513.8M | $18.0M | ||
| Q2 24 | $-437.3M | $3.6M |
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 3.4% | ||
| Q3 25 | 82.1% | 2.2% | ||
| Q2 25 | -77.4% | -1.3% | ||
| Q1 25 | 1.6% | 8.2% | ||
| Q4 24 | 88.6% | -2.1% | ||
| Q3 24 | 168.2% | 5.6% | ||
| Q2 24 | -147.2% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 2.9% | ||
| Q3 25 | 0.6% | 2.4% | ||
| Q2 25 | 0.0% | 2.2% | ||
| Q1 25 | 0.3% | 1.9% | ||
| Q4 24 | 2.4% | 2.9% | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 0.7% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | -0.93× | 1.86× | ||
| Q3 25 | 5.96× | 1.32× | ||
| Q2 25 | -6.50× | 0.25× | ||
| Q1 25 | 0.14× | 2.60× | ||
| Q4 24 | 7.71× | 0.27× | ||
| Q3 24 | 17.36× | 2.72× | ||
| Q2 24 | -21.41× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
