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Side-by-side financial comparison of KENNAMETAL INC (KMT) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
KENNAMETAL INC is the larger business by last-quarter revenue ($529.5M vs $335.6M, roughly 1.6× Natural Grocers by Vitamin Cottage, Inc.). KENNAMETAL INC runs the higher net margin — 6.4% vs 3.4%, a 3.0% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (9.8% vs 1.6%). KENNAMETAL INC produced more free cash flow last quarter ($42.4M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs 1.3%).
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
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.
KMT vs NGVC — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $529.5M | $335.6M |
| Net Profit | $33.9M | $11.3M |
| Gross Margin | 32.8% | 29.5% |
| Operating Margin | 9.9% | 4.4% |
| Net Margin | 6.4% | 3.4% |
| Revenue YoY | 9.8% | 1.6% |
| Net Profit YoY | 89.0% | 14.0% |
| EPS (diluted) | $0.44 | $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 | $529.5M | $335.6M | ||
| Q3 25 | $498.0M | $336.1M | ||
| Q2 25 | $516.4M | $328.7M | ||
| Q1 25 | $486.4M | $335.8M | ||
| Q4 24 | $482.1M | $330.2M | ||
| Q3 24 | $481.9M | $322.7M | ||
| Q2 24 | $543.3M | $309.1M | ||
| Q1 24 | $515.8M | $308.1M |
| Q4 25 | $33.9M | $11.3M | ||
| Q3 25 | $23.3M | $11.8M | ||
| Q2 25 | $21.6M | $11.6M | ||
| Q1 25 | $31.5M | $13.1M | ||
| Q4 24 | $17.9M | $9.9M | ||
| Q3 24 | $22.1M | $9.0M | ||
| Q2 24 | $37.2M | $9.2M | ||
| Q1 24 | $19.0M | $8.0M |
| Q4 25 | 32.8% | 29.5% | ||
| Q3 25 | 31.0% | 29.5% | ||
| Q2 25 | 28.2% | 29.9% | ||
| Q1 25 | 32.1% | 30.3% | ||
| Q4 24 | 30.1% | 29.9% | ||
| Q3 24 | 31.3% | 29.6% | ||
| Q2 24 | 31.5% | 29.2% | ||
| Q1 24 | 29.7% | 29.3% |
| Q4 25 | 9.9% | 4.4% | ||
| Q3 25 | 7.5% | 4.6% | ||
| Q2 25 | 6.1% | 4.7% | ||
| Q1 25 | 9.1% | 5.2% | ||
| Q4 24 | 6.6% | 4.0% | ||
| Q3 24 | 7.5% | 3.7% | ||
| Q2 24 | 11.3% | 4.2% | ||
| Q1 24 | 6.8% | 3.7% |
| Q4 25 | 6.4% | 3.4% | ||
| Q3 25 | 4.7% | 3.5% | ||
| Q2 25 | 4.2% | 3.5% | ||
| Q1 25 | 6.5% | 3.9% | ||
| Q4 24 | 3.7% | 3.0% | ||
| Q3 24 | 4.6% | 2.8% | ||
| Q2 24 | 6.8% | 3.0% | ||
| Q1 24 | 3.7% | 2.6% |
| Q4 25 | $0.44 | $0.49 | ||
| Q3 25 | $0.30 | $0.51 | ||
| Q2 25 | $0.28 | $0.50 | ||
| Q1 25 | $0.41 | $0.56 | ||
| Q4 24 | $0.23 | $0.43 | ||
| Q3 24 | $0.28 | $0.38 | ||
| Q2 24 | $0.47 | $0.40 | ||
| Q1 24 | $0.24 | $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 | $129.3M | $23.2M |
| Total DebtLower is stronger | $597.2M | — |
| Stockholders' EquityBook value | $1.3B | $220.0M |
| Total Assets | $2.6B | $668.6M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $129.3M | $23.2M | ||
| Q3 25 | $103.5M | $17.1M | ||
| Q2 25 | $140.5M | $13.2M | ||
| Q1 25 | $97.5M | $21.2M | ||
| Q4 24 | $121.2M | $6.3M | ||
| Q3 24 | $119.6M | $8.9M | ||
| Q2 24 | $128.0M | $13.9M | ||
| Q1 24 | $92.1M | $11.0M |
| Q4 25 | $597.2M | — | ||
| Q3 25 | $597.0M | — | ||
| Q2 25 | $596.8M | — | ||
| Q1 25 | $596.6M | — | ||
| Q4 24 | $596.4M | — | ||
| Q3 24 | $596.2M | — | ||
| Q2 24 | $596.0M | — | ||
| Q1 24 | $595.8M | — |
| Q4 25 | $1.3B | $220.0M | ||
| Q3 25 | $1.3B | $212.4M | ||
| Q2 25 | $1.3B | $202.5M | ||
| Q1 25 | $1.2B | $193.0M | ||
| Q4 24 | $1.2B | $181.9M | ||
| Q3 24 | $1.3B | $174.3M | ||
| Q2 24 | $1.2B | $167.8M | ||
| Q1 24 | $1.3B | $160.0M |
| Q4 25 | $2.6B | $668.6M | ||
| Q3 25 | $2.5B | $670.5M | ||
| Q2 25 | $2.5B | $659.0M | ||
| Q1 25 | $2.5B | $664.6M | ||
| Q4 24 | $2.4B | $648.9M | ||
| Q3 24 | $2.5B | $655.5M | ||
| Q2 24 | $2.5B | $654.4M | ||
| Q1 24 | $2.5B | $656.6M |
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.49× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.47× | — |
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 | $55.1M | $21.1M |
| Free Cash FlowOCF − Capex | $42.4M | $11.6M |
| FCF MarginFCF / Revenue | 8.0% | 3.4% |
| Capex IntensityCapex / Revenue | 2.4% | 2.9% |
| Cash ConversionOCF / Net Profit | 1.63× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $99.3M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.1M | $21.1M | ||
| Q3 25 | $17.5M | $15.6M | ||
| Q2 25 | $78.6M | $2.9M | ||
| Q1 25 | $28.8M | $34.1M | ||
| Q4 24 | $55.2M | $2.7M | ||
| Q3 24 | $45.7M | $24.5M | ||
| Q2 24 | $113.6M | $12.4M | ||
| Q1 24 | $75.2M | $20.2M |
| Q4 25 | $42.4M | $11.6M | ||
| Q3 25 | $-5.5M | $7.5M | ||
| Q2 25 | $57.1M | $-4.2M | ||
| Q1 25 | $5.3M | $27.6M | ||
| Q4 24 | $35.9M | $-6.9M | ||
| Q3 24 | $21.0M | $18.0M | ||
| Q2 24 | $90.3M | $3.6M | ||
| Q1 24 | $48.4M | $9.8M |
| Q4 25 | 8.0% | 3.4% | ||
| Q3 25 | -1.1% | 2.2% | ||
| Q2 25 | 11.1% | -1.3% | ||
| Q1 25 | 1.1% | 8.2% | ||
| Q4 24 | 7.5% | -2.1% | ||
| Q3 24 | 4.4% | 5.6% | ||
| Q2 24 | 16.6% | 1.2% | ||
| Q1 24 | 9.4% | 3.2% |
| Q4 25 | 2.4% | 2.9% | ||
| Q3 25 | 4.6% | 2.4% | ||
| Q2 25 | 4.2% | 2.2% | ||
| Q1 25 | 4.8% | 1.9% | ||
| Q4 24 | 4.0% | 2.9% | ||
| Q3 24 | 5.1% | 2.0% | ||
| Q2 24 | 4.3% | 2.9% | ||
| Q1 24 | 5.2% | 3.4% |
| Q4 25 | 1.63× | 1.86× | ||
| Q3 25 | 0.75× | 1.32× | ||
| Q2 25 | 3.64× | 0.25× | ||
| Q1 25 | 0.92× | 2.60× | ||
| Q4 24 | 3.08× | 0.27× | ||
| Q3 24 | 2.07× | 2.72× | ||
| Q2 24 | 3.06× | 1.35× | ||
| Q1 24 | 3.96× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
