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Side-by-side financial comparison of METHODE ELECTRONICS INC (MEI) 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 $246.9M, roughly 1.4× METHODE ELECTRONICS INC). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -4.0%, a 7.4% 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 -15.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -2.5%).

Methode Electronics is an American multinational company headquartered in Chicago, Illinois, with engineering, manufacturing and sales operations in more than 35 locations in 14 countries. The company employs around 6,500 people worldwide.

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.

MEI vs NGVC — Head-to-Head

Bigger by revenue
NGVC
NGVC
1.4× larger
NGVC
$335.6M
$246.9M
MEI
Growing faster (revenue YoY)
NGVC
NGVC
+17.2% gap
NGVC
1.6%
-15.6%
MEI
Higher net margin
NGVC
NGVC
7.4% more per $
NGVC
3.4%
-4.0%
MEI
More free cash flow
NGVC
NGVC
$23.2M more FCF
NGVC
$11.6M
$-11.6M
MEI
Faster 2-yr revenue CAGR
NGVC
NGVC
Annualised
NGVC
4.4%
-2.5%
MEI

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
MEI
MEI
NGVC
NGVC
Revenue
$246.9M
$335.6M
Net Profit
$-9.9M
$11.3M
Gross Margin
19.3%
29.5%
Operating Margin
1.2%
4.4%
Net Margin
-4.0%
3.4%
Revenue YoY
-15.6%
1.6%
Net Profit YoY
-518.8%
14.0%
EPS (diluted)
$-0.28
$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.

Revenue
MEI
MEI
NGVC
NGVC
Q4 25
$246.9M
$335.6M
Q3 25
$240.5M
$336.1M
Q2 25
$257.1M
$328.7M
Q1 25
$239.9M
$335.8M
Q4 24
$292.6M
$330.2M
Q3 24
$258.5M
$322.7M
Q2 24
$277.3M
$309.1M
Q1 24
$259.5M
$308.1M
Net Profit
MEI
MEI
NGVC
NGVC
Q4 25
$-9.9M
$11.3M
Q3 25
$-10.3M
$11.8M
Q2 25
$-28.3M
$11.6M
Q1 25
$-14.4M
$13.1M
Q4 24
$-1.6M
$9.9M
Q3 24
$-18.3M
$9.0M
Q2 24
$-57.3M
$9.2M
Q1 24
$-11.6M
$8.0M
Gross Margin
MEI
MEI
NGVC
NGVC
Q4 25
19.3%
29.5%
Q3 25
18.1%
29.5%
Q2 25
7.6%
29.9%
Q1 25
17.2%
30.3%
Q4 24
19.8%
29.9%
Q3 24
17.3%
29.6%
Q2 24
12.8%
29.2%
Q1 24
14.3%
29.3%
Operating Margin
MEI
MEI
NGVC
NGVC
Q4 25
1.2%
4.4%
Q3 25
0.5%
4.6%
Q2 25
-9.2%
4.7%
Q1 25
-0.9%
5.2%
Q4 24
3.2%
4.0%
Q3 24
-2.9%
3.7%
Q2 24
-22.2%
4.2%
Q1 24
-1.2%
3.7%
Net Margin
MEI
MEI
NGVC
NGVC
Q4 25
-4.0%
3.4%
Q3 25
-4.3%
3.5%
Q2 25
-11.0%
3.5%
Q1 25
-6.0%
3.9%
Q4 24
-0.5%
3.0%
Q3 24
-7.1%
2.8%
Q2 24
-20.7%
3.0%
Q1 24
-4.5%
2.6%
EPS (diluted)
MEI
MEI
NGVC
NGVC
Q4 25
$-0.28
$0.49
Q3 25
$-0.29
$0.51
Q2 25
$-0.79
$0.50
Q1 25
$-0.41
$0.56
Q4 24
$-0.05
$0.43
Q3 24
$-0.52
$0.38
Q2 24
$-1.62
$0.40
Q1 24
$-0.33
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MEI
MEI
NGVC
NGVC
Cash + ST InvestmentsLiquidity on hand
$118.5M
$23.2M
Total DebtLower is stronger
$332.5M
Stockholders' EquityBook value
$679.3M
$220.0M
Total Assets
$1.3B
$668.6M
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEI
MEI
NGVC
NGVC
Q4 25
$118.5M
$23.2M
Q3 25
$121.1M
$17.1M
Q2 25
$103.6M
$13.2M
Q1 25
$103.8M
$21.2M
Q4 24
$97.0M
$6.3M
Q3 24
$111.3M
$8.9M
Q2 24
$161.5M
$13.9M
Q1 24
$122.9M
$11.0M
Total Debt
MEI
MEI
NGVC
NGVC
Q4 25
$332.5M
Q3 25
$323.4M
Q2 25
$317.6M
Q1 25
$327.9M
Q4 24
$340.6M
Q3 24
$296.0M
Q2 24
$330.9M
Q1 24
$331.3M
Stockholders' Equity
MEI
MEI
NGVC
NGVC
Q4 25
$679.3M
$220.0M
Q3 25
$688.1M
$212.4M
Q2 25
$693.3M
$202.5M
Q1 25
$704.3M
$193.0M
Q4 24
$738.3M
$181.9M
Q3 24
$744.4M
$174.3M
Q2 24
$766.0M
$167.8M
Q1 24
$835.0M
$160.0M
Total Assets
MEI
MEI
NGVC
NGVC
Q4 25
$1.3B
$668.6M
Q3 25
$1.3B
$670.5M
Q2 25
$1.3B
$659.0M
Q1 25
$1.3B
$664.6M
Q4 24
$1.4B
$648.9M
Q3 24
$1.4B
$655.5M
Q2 24
$1.4B
$654.4M
Q1 24
$1.5B
$656.6M
Debt / Equity
MEI
MEI
NGVC
NGVC
Q4 25
0.49×
Q3 25
0.47×
Q2 25
0.46×
Q1 25
0.47×
Q4 24
0.46×
Q3 24
0.40×
Q2 24
0.43×
Q1 24
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MEI
MEI
NGVC
NGVC
Operating Cash FlowLast quarter
$-7.4M
$21.1M
Free Cash FlowOCF − Capex
$-11.6M
$11.6M
FCF MarginFCF / Revenue
-4.7%
3.4%
Capex IntensityCapex / Revenue
1.7%
2.9%
Cash ConversionOCF / Net Profit
1.86×
TTM Free Cash FlowTrailing 4 quarters
$52.3M
$42.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEI
MEI
NGVC
NGVC
Q4 25
$-7.4M
$21.1M
Q3 25
$25.1M
$15.6M
Q2 25
$35.4M
$2.9M
Q1 25
$28.1M
$34.1M
Q4 24
$-48.0M
$2.7M
Q3 24
$10.9M
$24.5M
Q2 24
$24.9M
$12.4M
Q1 24
$28.8M
$20.2M
Free Cash Flow
MEI
MEI
NGVC
NGVC
Q4 25
$-11.6M
$11.6M
Q3 25
$18.0M
$7.5M
Q2 25
$26.3M
$-4.2M
Q1 25
$19.6M
$27.6M
Q4 24
$-58.4M
$-6.9M
Q3 24
$-2.7M
$18.0M
Q2 24
$15.8M
$3.6M
Q1 24
$12.2M
$9.8M
FCF Margin
MEI
MEI
NGVC
NGVC
Q4 25
-4.7%
3.4%
Q3 25
7.5%
2.2%
Q2 25
10.2%
-1.3%
Q1 25
8.2%
8.2%
Q4 24
-20.0%
-2.1%
Q3 24
-1.0%
5.6%
Q2 24
5.7%
1.2%
Q1 24
4.7%
3.2%
Capex Intensity
MEI
MEI
NGVC
NGVC
Q4 25
1.7%
2.9%
Q3 25
3.0%
2.4%
Q2 25
3.5%
2.2%
Q1 25
3.5%
1.9%
Q4 24
3.6%
2.9%
Q3 24
5.3%
2.0%
Q2 24
3.3%
2.9%
Q1 24
6.4%
3.4%
Cash Conversion
MEI
MEI
NGVC
NGVC
Q4 25
1.86×
Q3 25
1.32×
Q2 25
0.25×
Q1 25
2.60×
Q4 24
0.27×
Q3 24
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

MEI
MEI

Segment breakdown not available.

NGVC
NGVC

Grocery$243.8M73%
Dietary Supplements$60.7M18%
Manufactured Product Other$31.0M9%

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