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Side-by-side financial comparison of KILROY REALTY CORP (KRC) 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 $272.2M, roughly 1.2× KILROY REALTY CORP). KILROY REALTY CORP runs the higher net margin — 6.3% vs 3.4%, a 2.9% 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 -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -1.2%).
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
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.
KRC vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $272.2M | $335.6M |
| Net Profit | $17.1M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | — | 4.4% |
| Net Margin | 6.3% | 3.4% |
| Revenue YoY | -5.0% | 1.6% |
| Net Profit YoY | -73.7% | 14.0% |
| EPS (diluted) | $0.11 | $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 | $272.2M | $335.6M | ||
| Q3 25 | $279.7M | $336.1M | ||
| Q2 25 | $289.9M | $328.7M | ||
| Q1 25 | $270.8M | $335.8M | ||
| Q4 24 | $286.4M | $330.2M | ||
| Q3 24 | $289.9M | $322.7M | ||
| Q2 24 | $280.7M | $309.1M | ||
| Q1 24 | $278.6M | $308.1M |
| Q4 25 | $17.1M | $11.3M | ||
| Q3 25 | $162.3M | $11.8M | ||
| Q2 25 | $79.6M | $11.6M | ||
| Q1 25 | $43.7M | $13.1M | ||
| Q4 24 | $65.0M | $9.9M | ||
| Q3 24 | $57.7M | $9.0M | ||
| Q2 24 | $54.5M | $9.2M | ||
| Q1 24 | $55.7M | $8.0M |
| 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 24 | — | 29.3% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 4.2% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | 6.3% | 3.4% | ||
| Q3 25 | 58.0% | 3.5% | ||
| Q2 25 | 27.4% | 3.5% | ||
| Q1 25 | 16.1% | 3.9% | ||
| Q4 24 | 22.7% | 3.0% | ||
| Q3 24 | 19.9% | 2.8% | ||
| Q2 24 | 19.4% | 3.0% | ||
| Q1 24 | 20.0% | 2.6% |
| Q4 25 | $0.11 | $0.49 | ||
| Q3 25 | $1.31 | $0.51 | ||
| Q2 25 | $0.57 | $0.50 | ||
| Q1 25 | $0.33 | $0.56 | ||
| Q4 24 | $0.50 | $0.43 | ||
| Q3 24 | $0.44 | $0.38 | ||
| Q2 24 | $0.41 | $0.40 | ||
| Q1 24 | $0.42 | $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 | $179.3M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.4B | $220.0M |
| Total Assets | $10.9B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $179.3M | $23.2M | ||
| Q3 25 | $372.4M | $17.1M | ||
| Q2 25 | $193.1M | $13.2M | ||
| Q1 25 | $146.7M | $21.2M | ||
| Q4 24 | $165.7M | $6.3M | ||
| Q3 24 | $625.4M | $8.9M | ||
| Q2 24 | $835.9M | $13.9M | ||
| Q1 24 | $855.0M | $11.0M |
| Q4 25 | $5.4B | $220.0M | ||
| Q3 25 | $5.5B | $212.4M | ||
| Q2 25 | $5.4B | $202.5M | ||
| Q1 25 | $5.4B | $193.0M | ||
| Q4 24 | $5.4B | $181.9M | ||
| Q3 24 | $5.4B | $174.3M | ||
| Q2 24 | $5.4B | $167.8M | ||
| Q1 24 | $5.4B | $160.0M |
| Q4 25 | $10.9B | $668.6M | ||
| Q3 25 | $11.0B | $670.5M | ||
| Q2 25 | $10.9B | $659.0M | ||
| Q1 25 | $10.9B | $664.6M | ||
| Q4 24 | $10.9B | $648.9M | ||
| Q3 24 | $11.4B | $655.5M | ||
| Q2 24 | $11.5B | $654.4M | ||
| Q1 24 | $11.6B | $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 | $566.3M | $21.1M |
| Free Cash FlowOCF − Capex | $450.3M | $11.6M |
| FCF MarginFCF / Revenue | 165.4% | 3.4% |
| Capex IntensityCapex / Revenue | 42.6% | 2.9% |
| Cash ConversionOCF / Net Profit | 33.10× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $833.0M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $566.3M | $21.1M | ||
| Q3 25 | $176.6M | $15.6M | ||
| Q2 25 | $143.7M | $2.9M | ||
| Q1 25 | $136.9M | $34.1M | ||
| Q4 24 | $541.1M | $2.7M | ||
| Q3 24 | $176.3M | $24.5M | ||
| Q2 24 | $88.7M | $12.4M | ||
| Q1 24 | $167.9M | $20.2M |
| Q4 25 | $450.3M | $11.6M | ||
| Q3 25 | $148.7M | $7.5M | ||
| Q2 25 | $118.4M | $-4.2M | ||
| Q1 25 | $115.6M | $27.6M | ||
| Q4 24 | $440.8M | $-6.9M | ||
| Q3 24 | $147.2M | $18.0M | ||
| Q2 24 | $69.5M | $3.6M | ||
| Q1 24 | $151.9M | $9.8M |
| Q4 25 | 165.4% | 3.4% | ||
| Q3 25 | 53.1% | 2.2% | ||
| Q2 25 | 40.9% | -1.3% | ||
| Q1 25 | 42.7% | 8.2% | ||
| Q4 24 | 153.9% | -2.1% | ||
| Q3 24 | 50.8% | 5.6% | ||
| Q2 24 | 24.7% | 1.2% | ||
| Q1 24 | 54.5% | 3.2% |
| Q4 25 | 42.6% | 2.9% | ||
| Q3 25 | 10.0% | 2.4% | ||
| Q2 25 | 8.7% | 2.2% | ||
| Q1 25 | 7.9% | 1.9% | ||
| Q4 24 | 35.0% | 2.9% | ||
| Q3 24 | 10.1% | 2.0% | ||
| Q2 24 | 6.8% | 2.9% | ||
| Q1 24 | 5.7% | 3.4% |
| Q4 25 | 33.10× | 1.86× | ||
| Q3 25 | 1.09× | 1.32× | ||
| Q2 25 | 1.81× | 0.25× | ||
| Q1 25 | 3.13× | 2.60× | ||
| Q4 24 | 8.32× | 0.27× | ||
| Q3 24 | 3.06× | 2.72× | ||
| Q2 24 | 1.63× | 1.35× | ||
| Q1 24 | 3.01× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KRC
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
