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Side-by-side financial comparison of ICF International, Inc. (ICFI) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
ICF International, Inc. is the larger business by last-quarter revenue ($437.5M vs $335.6M, roughly 1.3× Natural Grocers by Vitamin Cottage, Inc.). ICF International, Inc. runs the higher net margin — 4.7% vs 3.4%, a 1.3% 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 -10.3%). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -7.6%).
ICF International, Inc. is an American publicly traded consulting and technology services company based in Reston, Virginia.
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.
ICFI vs NGVC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $437.5M | $335.6M |
| Net Profit | $20.5M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | 8.0% | 4.4% |
| Net Margin | 4.7% | 3.4% |
| Revenue YoY | -10.3% | 1.6% |
| Net Profit YoY | -23.6% | 14.0% |
| EPS (diluted) | $1.12 | $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 | $437.5M | — | ||
| Q4 25 | $443.7M | $335.6M | ||
| Q3 25 | $465.4M | $336.1M | ||
| Q2 25 | $476.2M | $328.7M | ||
| Q1 25 | $487.6M | $335.8M | ||
| Q4 24 | $496.3M | $330.2M | ||
| Q3 24 | $517.0M | $322.7M | ||
| Q2 24 | $512.0M | $309.1M |
| Q1 26 | $20.5M | — | ||
| Q4 25 | $17.3M | $11.3M | ||
| Q3 25 | $23.8M | $11.8M | ||
| Q2 25 | $23.7M | $11.6M | ||
| Q1 25 | $26.9M | $13.1M | ||
| Q4 24 | $24.6M | $9.9M | ||
| Q3 24 | $32.7M | $9.0M | ||
| Q2 24 | $25.6M | $9.2M |
| Q1 26 | — | — | ||
| Q4 25 | 35.7% | 29.5% | ||
| Q3 25 | 37.6% | 29.5% | ||
| Q2 25 | 37.3% | 29.9% | ||
| Q1 25 | 38.0% | 30.3% | ||
| Q4 24 | 36.1% | 29.9% | ||
| Q3 24 | 37.1% | 29.6% | ||
| Q2 24 | 35.7% | 29.2% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 6.5% | 4.4% | ||
| Q3 25 | 8.3% | 4.6% | ||
| Q2 25 | 8.4% | 4.7% | ||
| Q1 25 | 7.9% | 5.2% | ||
| Q4 24 | 7.3% | 4.0% | ||
| Q3 24 | 8.9% | 3.7% | ||
| Q2 24 | 8.3% | 4.2% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 3.9% | 3.4% | ||
| Q3 25 | 5.1% | 3.5% | ||
| Q2 25 | 5.0% | 3.5% | ||
| Q1 25 | 5.5% | 3.9% | ||
| Q4 24 | 4.9% | 3.0% | ||
| Q3 24 | 6.3% | 2.8% | ||
| Q2 24 | 5.0% | 3.0% |
| Q1 26 | $1.12 | — | ||
| Q4 25 | $0.95 | $0.49 | ||
| Q3 25 | $1.28 | $0.51 | ||
| Q2 25 | $1.28 | $0.50 | ||
| Q1 25 | $1.44 | $0.56 | ||
| Q4 24 | $1.29 | $0.43 | ||
| Q3 24 | $1.73 | $0.38 | ||
| Q2 24 | $1.36 | $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 | $3.9M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $220.0M |
| Total Assets | $2.1B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.9M | — | ||
| Q4 25 | $5.3M | $23.2M | ||
| Q3 25 | $4.0M | $17.1M | ||
| Q2 25 | $7.0M | $13.2M | ||
| Q1 25 | $5.7M | $21.2M | ||
| Q4 24 | $5.0M | $6.3M | ||
| Q3 24 | $6.9M | $8.9M | ||
| Q2 24 | $4.1M | $13.9M |
| Q1 26 | — | — | ||
| Q4 25 | $401.4M | — | ||
| Q3 25 | $449.4M | — | ||
| Q2 25 | $462.3M | — | ||
| Q1 25 | $502.0M | — | ||
| Q4 24 | $411.7M | — | ||
| Q3 24 | $419.1M | — | ||
| Q2 24 | $433.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $220.0M | ||
| Q3 25 | $1.0B | $212.4M | ||
| Q2 25 | $1.0B | $202.5M | ||
| Q1 25 | $968.9M | $193.0M | ||
| Q4 24 | $982.5M | $181.9M | ||
| Q3 24 | $976.3M | $174.3M | ||
| Q2 24 | $943.3M | $167.8M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $668.6M | ||
| Q3 25 | $2.1B | $670.5M | ||
| Q2 25 | $2.1B | $659.0M | ||
| Q1 25 | $2.1B | $664.6M | ||
| Q4 24 | $2.1B | $648.9M | ||
| Q3 24 | $2.0B | $655.5M | ||
| Q2 24 | $2.0B | $654.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.42× | — | ||
| Q3 24 | 0.43× | — | ||
| Q2 24 | 0.46× | — |
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 | $75.6M | $21.1M | ||
| Q3 25 | $47.3M | $15.6M | ||
| Q2 25 | $52.0M | $2.9M | ||
| Q1 25 | $-33.0M | $34.1M | ||
| Q4 24 | $95.4M | $2.7M | ||
| Q3 24 | $25.5M | $24.5M | ||
| Q2 24 | $60.6M | $12.4M |
| Q1 26 | — | — | ||
| Q4 25 | $68.7M | $11.6M | ||
| Q3 25 | $41.8M | $7.5M | ||
| Q2 25 | $46.2M | $-4.2M | ||
| Q1 25 | $-36.5M | $27.6M | ||
| Q4 24 | $89.5M | $-6.9M | ||
| Q3 24 | $20.4M | $18.0M | ||
| Q2 24 | $55.5M | $3.6M |
| Q1 26 | — | — | ||
| Q4 25 | 15.5% | 3.4% | ||
| Q3 25 | 9.0% | 2.2% | ||
| Q2 25 | 9.7% | -1.3% | ||
| Q1 25 | -7.5% | 8.2% | ||
| Q4 24 | 18.0% | -2.1% | ||
| Q3 24 | 3.9% | 5.6% | ||
| Q2 24 | 10.8% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 2.9% | ||
| Q3 25 | 1.2% | 2.4% | ||
| Q2 25 | 1.2% | 2.2% | ||
| Q1 25 | 0.7% | 1.9% | ||
| Q4 24 | 1.2% | 2.9% | ||
| Q3 24 | 1.0% | 2.0% | ||
| Q2 24 | 1.0% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 1.86× | ||
| Q3 25 | 1.99× | 1.32× | ||
| Q2 25 | 2.20× | 0.25× | ||
| Q1 25 | -1.23× | 2.60× | ||
| Q4 24 | 3.88× | 0.27× | ||
| Q3 24 | 0.78× | 2.72× | ||
| Q2 24 | 2.37× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ICFI
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
