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Side-by-side financial comparison of loanDepot, Inc. (LDI) 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 $310.3M, roughly 1.1× loanDepot, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -7.2%, a 10.6% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 1.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-648.0M). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs 4.4%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
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.
LDI vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $335.6M |
| Net Profit | $-22.5M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | -10.3% | 4.4% |
| Net Margin | -7.2% | 3.4% |
| Revenue YoY | 20.5% | 1.6% |
| Net Profit YoY | 32.4% | 14.0% |
| EPS (diluted) | — | $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 | $310.3M | $335.6M | ||
| Q3 25 | $323.3M | $336.1M | ||
| Q2 25 | $282.5M | $328.7M | ||
| Q1 25 | $273.6M | $335.8M | ||
| Q4 24 | $257.5M | $330.2M | ||
| Q3 24 | $314.6M | $322.7M | ||
| Q2 24 | $265.4M | $309.1M | ||
| Q1 24 | $222.8M | $308.1M |
| Q4 25 | $-22.5M | $11.3M | ||
| Q3 25 | $-4.9M | $11.8M | ||
| Q2 25 | $-13.4M | $11.6M | ||
| Q1 25 | $-21.9M | $13.1M | ||
| Q4 24 | $-33.2M | $9.9M | ||
| Q3 24 | $1.4M | $9.0M | ||
| Q2 24 | $-32.2M | $9.2M | ||
| Q1 24 | $-34.3M | $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 | -10.3% | 4.4% | ||
| Q3 25 | -3.2% | 4.6% | ||
| Q2 25 | -11.4% | 4.7% | ||
| Q1 25 | -16.8% | 5.2% | ||
| Q4 24 | -32.7% | 4.0% | ||
| Q3 24 | 1.1% | 3.7% | ||
| Q2 24 | -29.1% | 4.2% | ||
| Q1 24 | -38.2% | 3.7% |
| Q4 25 | -7.2% | 3.4% | ||
| Q3 25 | -1.5% | 3.5% | ||
| Q2 25 | -4.7% | 3.5% | ||
| Q1 25 | -8.0% | 3.9% | ||
| Q4 24 | -12.9% | 3.0% | ||
| Q3 24 | 0.4% | 2.8% | ||
| Q2 24 | -12.1% | 3.0% | ||
| Q1 24 | -15.4% | 2.6% |
| Q4 25 | — | $0.49 | ||
| Q3 25 | — | $0.51 | ||
| Q2 25 | — | $0.50 | ||
| Q1 25 | — | $0.56 | ||
| Q4 24 | — | $0.43 | ||
| Q3 24 | $0.01 | $0.38 | ||
| Q2 24 | $-0.18 | $0.40 | ||
| Q1 24 | $-0.19 | $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 | $337.2M | $23.2M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $386.0M | $220.0M |
| Total Assets | $6.9B | $668.6M |
| Debt / EquityLower = less leverage | 5.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $337.2M | $23.2M | ||
| Q3 25 | $459.2M | $17.1M | ||
| Q2 25 | $408.6M | $13.2M | ||
| Q1 25 | $371.5M | $21.2M | ||
| Q4 24 | $421.6M | $6.3M | ||
| Q3 24 | $483.0M | $8.9M | ||
| Q2 24 | $533.2M | $13.9M | ||
| Q1 24 | $603.7M | $11.0M |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.3B | — |
| Q4 25 | $386.0M | $220.0M | ||
| Q3 25 | $433.3M | $212.4M | ||
| Q2 25 | $439.1M | $202.5M | ||
| Q1 25 | $469.3M | $193.0M | ||
| Q4 24 | $506.6M | $181.9M | ||
| Q3 24 | $592.0M | $174.3M | ||
| Q2 24 | $578.9M | $167.8M | ||
| Q1 24 | $637.3M | $160.0M |
| Q4 25 | $6.9B | $668.6M | ||
| Q3 25 | $6.2B | $670.5M | ||
| Q2 25 | $6.2B | $659.0M | ||
| Q1 25 | $6.4B | $664.6M | ||
| Q4 24 | $6.3B | $648.9M | ||
| Q3 24 | $6.4B | $655.5M | ||
| Q2 24 | $5.9B | $654.4M | ||
| Q1 24 | $6.2B | $656.6M |
| Q4 25 | 5.44× | — | ||
| Q3 25 | 4.83× | — | ||
| Q2 25 | 4.70× | — | ||
| Q1 25 | 4.30× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 3.41× | — | ||
| Q1 24 | 3.63× | — |
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 | $-638.7M | $21.1M |
| Free Cash FlowOCF − Capex | $-648.0M | $11.6M |
| FCF MarginFCF / Revenue | -208.9% | 3.4% |
| Capex IntensityCapex / Revenue | 3.0% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-638.7M | $21.1M | ||
| Q3 25 | $43.4M | $15.6M | ||
| Q2 25 | $67.6M | $2.9M | ||
| Q1 25 | $-179.9M | $34.1M | ||
| Q4 24 | $47.7M | $2.7M | ||
| Q3 24 | $-349.2M | $24.5M | ||
| Q2 24 | $-278.3M | $12.4M | ||
| Q1 24 | $-278.5M | $20.2M |
| Q4 25 | $-648.0M | $11.6M | ||
| Q3 25 | $38.7M | $7.5M | ||
| Q2 25 | $61.4M | $-4.2M | ||
| Q1 25 | $-186.7M | $27.6M | ||
| Q4 24 | $40.8M | $-6.9M | ||
| Q3 24 | $-356.4M | $18.0M | ||
| Q2 24 | $-285.7M | $3.6M | ||
| Q1 24 | $-283.3M | $9.8M |
| Q4 25 | -208.9% | 3.4% | ||
| Q3 25 | 12.0% | 2.2% | ||
| Q2 25 | 21.7% | -1.3% | ||
| Q1 25 | -68.2% | 8.2% | ||
| Q4 24 | 15.8% | -2.1% | ||
| Q3 24 | -113.3% | 5.6% | ||
| Q2 24 | -107.7% | 1.2% | ||
| Q1 24 | -127.2% | 3.2% |
| Q4 25 | 3.0% | 2.9% | ||
| Q3 25 | 1.5% | 2.4% | ||
| Q2 25 | 2.2% | 2.2% | ||
| Q1 25 | 2.5% | 1.9% | ||
| Q4 24 | 2.7% | 2.9% | ||
| Q3 24 | 2.3% | 2.0% | ||
| Q2 24 | 2.8% | 2.9% | ||
| Q1 24 | 2.1% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | -255.05× | 2.72× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | — | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDI
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
