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Side-by-side financial comparison of IDEX Corporation (IEX) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $335.6M, roughly 1.2× Natural Grocers by Vitamin Cottage, Inc.). IDEX Corporation runs the higher net margin — 30.1% vs 3.4%, a 26.7% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 1.6%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -29.4%).
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
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.
IEX vs NGVC — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $335.6M |
| Net Profit | $120.0M | $11.3M |
| Gross Margin | 99.9% | 29.5% |
| Operating Margin | 43.3% | 4.4% |
| Net Margin | 30.1% | 3.4% |
| Revenue YoY | 16.7% | 1.6% |
| Net Profit YoY | 25.7% | 14.0% |
| EPS (diluted) | $1.61 | $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.
| Q2 26 | $398.4M | — | ||
| Q1 26 | $407.7M | — | ||
| Q4 25 | $899.1M | $335.6M | ||
| Q3 25 | $878.7M | $336.1M | ||
| Q2 25 | $865.4M | $328.7M | ||
| Q1 25 | $814.3M | $335.8M | ||
| Q4 24 | $862.9M | $330.2M | ||
| Q3 24 | $798.2M | $322.7M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | $11.3M | ||
| Q3 25 | $127.8M | $11.8M | ||
| Q2 25 | $131.6M | $11.6M | ||
| Q1 25 | $95.5M | $13.1M | ||
| Q4 24 | $123.2M | $9.9M | ||
| Q3 24 | $119.1M | $9.0M |
| Q2 26 | 99.9% | — | ||
| Q1 26 | 94.9% | — | ||
| Q4 25 | 43.1% | 29.5% | ||
| Q3 25 | 44.5% | 29.5% | ||
| Q2 25 | 45.3% | 29.9% | ||
| Q1 25 | 45.3% | 30.3% | ||
| Q4 24 | 42.5% | 29.9% | ||
| Q3 24 | 44.3% | 29.6% |
| Q2 26 | 43.3% | — | ||
| Q1 26 | 45.0% | — | ||
| Q4 25 | 20.4% | 4.4% | ||
| Q3 25 | 21.1% | 4.6% | ||
| Q2 25 | 21.7% | 4.7% | ||
| Q1 25 | 17.4% | 5.2% | ||
| Q4 24 | 19.2% | 4.0% | ||
| Q3 24 | 21.0% | 3.7% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 14.3% | 3.4% | ||
| Q3 25 | 14.5% | 3.5% | ||
| Q2 25 | 15.2% | 3.5% | ||
| Q1 25 | 11.7% | 3.9% | ||
| Q4 24 | 14.3% | 3.0% | ||
| Q3 24 | 14.9% | 2.8% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | $0.49 | ||
| Q3 25 | $1.70 | $0.51 | ||
| Q2 25 | $1.74 | $0.50 | ||
| Q1 25 | $1.26 | $0.56 | ||
| Q4 24 | $1.61 | $0.43 | ||
| Q3 24 | $1.57 | $0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $586.2M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.0B | $220.0M |
| Total Assets | $6.9B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | — | ||
| Q4 25 | $580.0M | $23.2M | ||
| Q3 25 | $593.8M | $17.1M | ||
| Q2 25 | $568.2M | $13.2M | ||
| Q1 25 | $594.1M | $21.2M | ||
| Q4 24 | $620.8M | $6.3M | ||
| Q3 24 | $633.2M | $8.9M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | — |
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $220.0M | ||
| Q3 25 | $4.0B | $212.4M | ||
| Q2 25 | $4.0B | $202.5M | ||
| Q1 25 | $3.9B | $193.0M | ||
| Q4 24 | $3.8B | $181.9M | ||
| Q3 24 | $3.8B | $174.3M |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $668.6M | ||
| Q3 25 | $7.0B | $670.5M | ||
| Q2 25 | $6.9B | $659.0M | ||
| Q1 25 | $6.8B | $664.6M | ||
| Q4 24 | $6.7B | $648.9M | ||
| Q3 24 | $7.0B | $655.5M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.55× | — |
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 | $86.0M | $11.6M |
| FCF MarginFCF / Revenue | 21.6% | 3.4% |
| Capex IntensityCapex / Revenue | 4.4% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $21.1M | ||
| Q3 25 | $203.5M | $15.6M | ||
| Q2 25 | $161.7M | $2.9M | ||
| Q1 25 | $105.7M | $34.1M | ||
| Q4 24 | $172.6M | $2.7M | ||
| Q3 24 | $205.3M | $24.5M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $11.6M | ||
| Q3 25 | $188.7M | $7.5M | ||
| Q2 25 | $146.9M | $-4.2M | ||
| Q1 25 | $91.4M | $27.6M | ||
| Q4 24 | $157.1M | $-6.9M | ||
| Q3 24 | $191.6M | $18.0M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | 3.4% | ||
| Q3 25 | 21.5% | 2.2% | ||
| Q2 25 | 17.0% | -1.3% | ||
| Q1 25 | 11.2% | 8.2% | ||
| Q4 24 | 18.2% | -2.1% | ||
| Q3 24 | 24.0% | 5.6% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | 2.9% | ||
| Q3 25 | 1.7% | 2.4% | ||
| Q2 25 | 1.7% | 2.2% | ||
| Q1 25 | 1.8% | 1.9% | ||
| Q4 24 | 1.8% | 2.9% | ||
| Q3 24 | 1.7% | 2.0% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 1.86× | ||
| Q3 25 | 1.59× | 1.32× | ||
| Q2 25 | 1.23× | 0.25× | ||
| Q1 25 | 1.11× | 2.60× | ||
| Q4 24 | 1.40× | 0.27× | ||
| Q3 24 | 1.72× | 2.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
