vs
Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) 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 $308.1M, roughly 1.1× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 3.4%, a 24.8% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs 1.6%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $11.6M). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs 4.4%).
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
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.
LOPE vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $335.6M |
| Net Profit | $86.7M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | 35.1% | 4.4% |
| Net Margin | 28.1% | 3.4% |
| Revenue YoY | 5.3% | 1.6% |
| Net Profit YoY | 5.9% | 14.0% |
| EPS (diluted) | $3.13 | $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 | $308.1M | $335.6M | ||
| Q3 25 | $261.1M | $336.1M | ||
| Q2 25 | $247.5M | $328.7M | ||
| Q1 25 | $289.3M | $335.8M | ||
| Q4 24 | $292.6M | $330.2M | ||
| Q3 24 | $238.3M | $322.7M | ||
| Q2 24 | $227.5M | $309.1M | ||
| Q1 24 | $274.7M | $308.1M |
| Q4 25 | $86.7M | $11.3M | ||
| Q3 25 | $16.3M | $11.8M | ||
| Q2 25 | $41.5M | $11.6M | ||
| Q1 25 | $71.6M | $13.1M | ||
| Q4 24 | $81.9M | $9.9M | ||
| Q3 24 | $41.5M | $9.0M | ||
| Q2 24 | $34.9M | $9.2M | ||
| Q1 24 | $68.0M | $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 | 35.1% | 4.4% | ||
| Q3 25 | 6.9% | 4.6% | ||
| Q2 25 | 20.9% | 4.7% | ||
| Q1 25 | 30.4% | 5.2% | ||
| Q4 24 | 34.2% | 4.0% | ||
| Q3 24 | 20.2% | 3.7% | ||
| Q2 24 | 18.8% | 4.2% | ||
| Q1 24 | 30.8% | 3.7% |
| Q4 25 | 28.1% | 3.4% | ||
| Q3 25 | 6.2% | 3.5% | ||
| Q2 25 | 16.8% | 3.5% | ||
| Q1 25 | 24.8% | 3.9% | ||
| Q4 24 | 28.0% | 3.0% | ||
| Q3 24 | 17.4% | 2.8% | ||
| Q2 24 | 15.3% | 3.0% | ||
| Q1 24 | 24.8% | 2.6% |
| Q4 25 | $3.13 | $0.49 | ||
| Q3 25 | $0.58 | $0.51 | ||
| Q2 25 | $1.48 | $0.50 | ||
| Q1 25 | $2.52 | $0.56 | ||
| Q4 24 | $2.83 | $0.43 | ||
| Q3 24 | $1.42 | $0.38 | ||
| Q2 24 | $1.19 | $0.40 | ||
| Q1 24 | $2.29 | $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 | $111.8M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $746.9M | $220.0M |
| Total Assets | $992.3M | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | $23.2M | ||
| Q3 25 | $97.3M | $17.1M | ||
| Q2 25 | $192.3M | $13.2M | ||
| Q1 25 | $144.5M | $21.2M | ||
| Q4 24 | $324.6M | $6.3M | ||
| Q3 24 | $263.6M | $8.9M | ||
| Q2 24 | $241.3M | $13.9M | ||
| Q1 24 | $196.2M | $11.0M |
| Q4 25 | $746.9M | $220.0M | ||
| Q3 25 | $758.0M | $212.4M | ||
| Q2 25 | $778.0M | $202.5M | ||
| Q1 25 | $780.7M | $193.0M | ||
| Q4 24 | $783.9M | $181.9M | ||
| Q3 24 | $764.1M | $174.3M | ||
| Q2 24 | $759.2M | $167.8M | ||
| Q1 24 | $759.4M | $160.0M |
| Q4 25 | $992.3M | $668.6M | ||
| Q3 25 | $1.0B | $670.5M | ||
| Q2 25 | $1.0B | $659.0M | ||
| Q1 25 | $1.0B | $664.6M | ||
| Q4 24 | $1.0B | $648.9M | ||
| Q3 24 | $992.9M | $655.5M | ||
| Q2 24 | $992.7M | $654.4M | ||
| Q1 24 | $1.0B | $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 | $130.5M | $21.1M |
| Free Cash FlowOCF − Capex | $122.9M | $11.6M |
| FCF MarginFCF / Revenue | 39.9% | 3.4% |
| Capex IntensityCapex / Revenue | 2.5% | 2.9% |
| Cash ConversionOCF / Net Profit | 1.50× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.5M | $21.1M | ||
| Q3 25 | $-48.6M | $15.6M | ||
| Q2 25 | $124.0M | $2.9M | ||
| Q1 25 | $67.6M | $34.1M | ||
| Q4 24 | $135.8M | $2.7M | ||
| Q3 24 | $-29.4M | $24.5M | ||
| Q2 24 | $98.6M | $12.4M | ||
| Q1 24 | $85.0M | $20.2M |
| Q4 25 | $122.9M | $11.6M | ||
| Q3 25 | $-58.3M | $7.5M | ||
| Q2 25 | $115.4M | $-4.2M | ||
| Q1 25 | $58.7M | $27.6M | ||
| Q4 24 | $126.1M | $-6.9M | ||
| Q3 24 | $-39.0M | $18.0M | ||
| Q2 24 | $89.6M | $3.6M | ||
| Q1 24 | $76.0M | $9.8M |
| Q4 25 | 39.9% | 3.4% | ||
| Q3 25 | -22.3% | 2.2% | ||
| Q2 25 | 46.6% | -1.3% | ||
| Q1 25 | 20.3% | 8.2% | ||
| Q4 24 | 43.1% | -2.1% | ||
| Q3 24 | -16.3% | 5.6% | ||
| Q2 24 | 39.4% | 1.2% | ||
| Q1 24 | 27.7% | 3.2% |
| Q4 25 | 2.5% | 2.9% | ||
| Q3 25 | 3.7% | 2.4% | ||
| Q2 25 | 3.5% | 2.2% | ||
| Q1 25 | 3.1% | 1.9% | ||
| Q4 24 | 3.3% | 2.9% | ||
| Q3 24 | 4.0% | 2.0% | ||
| Q2 24 | 3.9% | 2.9% | ||
| Q1 24 | 3.3% | 3.4% |
| Q4 25 | 1.50× | 1.86× | ||
| Q3 25 | -2.99× | 1.32× | ||
| Q2 25 | 2.98× | 0.25× | ||
| Q1 25 | 0.94× | 2.60× | ||
| Q4 24 | 1.66× | 0.27× | ||
| Q3 24 | -0.71× | 2.72× | ||
| Q2 24 | 2.83× | 1.35× | ||
| Q1 24 | 1.25× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOPE
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
