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Side-by-side financial comparison of Magnolia Oil & Gas Corp (MGY) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.

Magnolia Oil & Gas Corp is the larger business by last-quarter revenue ($358.5M vs $335.6M, roughly 1.1× Natural Grocers by Vitamin Cottage, Inc.). Magnolia Oil & Gas Corp runs the higher net margin — 28.1% vs 3.4%, a 24.7% gap on every dollar of revenue. On growth, Magnolia Oil & Gas Corp posted the faster year-over-year revenue change (2.3% vs 1.6%). Magnolia Oil & Gas Corp produced more free cash flow last quarter ($145.6M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs 3.2%).

Imperial Oil Limited is a Canadian petroleum company. It is Canada's second-largest integrated oil company that is also occasionally known as Imperial Esso. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. It is a producer of crude oil, diluted bitumen, and natural gas. Imperial Oil is one of Canada's major petroleum refiners and petrochemical producers. It supplies Esso-brand service stations.

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.

MGY vs NGVC — Head-to-Head

Bigger by revenue
MGY
MGY
1.1× larger
MGY
$358.5M
$335.6M
NGVC
Growing faster (revenue YoY)
MGY
MGY
+0.7% gap
MGY
2.3%
1.6%
NGVC
Higher net margin
MGY
MGY
24.7% more per $
MGY
28.1%
3.4%
NGVC
More free cash flow
MGY
MGY
$134.0M more FCF
MGY
$145.6M
$11.6M
NGVC
Faster 2-yr revenue CAGR
NGVC
NGVC
Annualised
NGVC
4.4%
3.2%
MGY

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
MGY
MGY
NGVC
NGVC
Revenue
$358.5M
$335.6M
Net Profit
$100.8M
$11.3M
Gross Margin
29.5%
Operating Margin
35.6%
4.4%
Net Margin
28.1%
3.4%
Revenue YoY
2.3%
1.6%
Net Profit YoY
-3.0%
14.0%
EPS (diluted)
$0.54
$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
MGY
MGY
NGVC
NGVC
Q1 26
$358.5M
Q4 25
$317.6M
$335.6M
Q3 25
$324.9M
$336.1M
Q2 25
$319.0M
$328.7M
Q1 25
$350.3M
$335.8M
Q4 24
$326.6M
$330.2M
Q3 24
$333.1M
$322.7M
Q2 24
$336.7M
$309.1M
Net Profit
MGY
MGY
NGVC
NGVC
Q1 26
$100.8M
Q4 25
$68.8M
$11.3M
Q3 25
$75.5M
$11.8M
Q2 25
$78.1M
$11.6M
Q1 25
$102.9M
$13.1M
Q4 24
$85.6M
$9.9M
Q3 24
$99.8M
$9.0M
Q2 24
$95.6M
$9.2M
Gross Margin
MGY
MGY
NGVC
NGVC
Q1 26
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%
Operating Margin
MGY
MGY
NGVC
NGVC
Q1 26
35.6%
Q4 25
29.6%
4.4%
Q3 25
31.2%
4.6%
Q2 25
33.8%
4.7%
Q1 25
38.8%
5.2%
Q4 24
38.0%
4.0%
Q3 24
38.7%
3.7%
Q2 24
39.9%
4.2%
Net Margin
MGY
MGY
NGVC
NGVC
Q1 26
28.1%
Q4 25
21.6%
3.4%
Q3 25
23.2%
3.5%
Q2 25
24.5%
3.5%
Q1 25
29.4%
3.9%
Q4 24
26.2%
3.0%
Q3 24
30.0%
2.8%
Q2 24
28.4%
3.0%
EPS (diluted)
MGY
MGY
NGVC
NGVC
Q1 26
$0.54
Q4 25
$0.49
Q3 25
$0.51
Q2 25
$0.50
Q1 25
$0.56
Q4 24
$0.43
Q3 24
$0.38
Q2 24
$0.40

Balance Sheet & Financial Strength

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

Metric
MGY
MGY
NGVC
NGVC
Cash + ST InvestmentsLiquidity on hand
$124.4M
$23.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
$220.0M
Total Assets
$2.9B
$668.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGY
MGY
NGVC
NGVC
Q1 26
$124.4M
Q4 25
$266.8M
$23.2M
Q3 25
$280.5M
$17.1M
Q2 25
$251.8M
$13.2M
Q1 25
$247.6M
$21.2M
Q4 24
$260.0M
$6.3M
Q3 24
$276.1M
$8.9M
Q2 24
$275.7M
$13.9M
Total Debt
MGY
MGY
NGVC
NGVC
Q1 26
Q4 25
$393.3M
Q3 25
$393.1M
Q2 25
$392.9M
Q1 25
$392.7M
Q4 24
$392.5M
Q3 24
$394.8M
Q2 24
$394.1M
Stockholders' Equity
MGY
MGY
NGVC
NGVC
Q1 26
$2.0B
Q4 25
$2.0B
$220.0M
Q3 25
$2.0B
$212.4M
Q2 25
$2.0B
$202.5M
Q1 25
$2.0B
$193.0M
Q4 24
$2.0B
$181.9M
Q3 24
$2.0B
$174.3M
Q2 24
$1.9B
$167.8M
Total Assets
MGY
MGY
NGVC
NGVC
Q1 26
$2.9B
Q4 25
$2.9B
$668.6M
Q3 25
$2.9B
$670.5M
Q2 25
$2.9B
$659.0M
Q1 25
$2.9B
$664.6M
Q4 24
$2.8B
$648.9M
Q3 24
$2.8B
$655.5M
Q2 24
$2.8B
$654.4M
Debt / Equity
MGY
MGY
NGVC
NGVC
Q1 26
Q4 25
0.20×
Q3 25
0.20×
Q2 25
0.20×
Q1 25
0.20×
Q4 24
0.20×
Q3 24
0.20×
Q2 24
0.21×

Cash Flow & Capital Efficiency

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

Metric
MGY
MGY
NGVC
NGVC
Operating Cash FlowLast quarter
$197.6M
$21.1M
Free Cash FlowOCF − Capex
$145.6M
$11.6M
FCF MarginFCF / Revenue
40.6%
3.4%
Capex IntensityCapex / Revenue
35.9%
2.9%
Cash ConversionOCF / Net Profit
1.96×
1.86×
TTM Free Cash FlowTrailing 4 quarters
$42.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGY
MGY
NGVC
NGVC
Q1 26
$197.6M
Q4 25
$208.4M
$21.1M
Q3 25
$247.1M
$15.6M
Q2 25
$198.7M
$2.9M
Q1 25
$224.5M
$34.1M
Q4 24
$222.6M
$2.7M
Q3 24
$217.9M
$24.5M
Q2 24
$269.4M
$12.4M
Free Cash Flow
MGY
MGY
NGVC
NGVC
Q1 26
$145.6M
Q4 25
$11.6M
Q3 25
$7.5M
Q2 25
$-4.2M
Q1 25
$27.6M
Q4 24
$-6.9M
Q3 24
$18.0M
Q2 24
$3.6M
FCF Margin
MGY
MGY
NGVC
NGVC
Q1 26
40.6%
Q4 25
3.4%
Q3 25
2.2%
Q2 25
-1.3%
Q1 25
8.2%
Q4 24
-2.1%
Q3 24
5.6%
Q2 24
1.2%
Capex Intensity
MGY
MGY
NGVC
NGVC
Q1 26
35.9%
Q4 25
2.9%
Q3 25
2.4%
Q2 25
2.2%
Q1 25
1.9%
Q4 24
2.9%
Q3 24
2.0%
Q2 24
2.9%
Cash Conversion
MGY
MGY
NGVC
NGVC
Q1 26
1.96×
Q4 25
3.03×
1.86×
Q3 25
3.27×
1.32×
Q2 25
2.54×
0.25×
Q1 25
2.18×
2.60×
Q4 24
2.60×
0.27×
Q3 24
2.18×
2.72×
Q2 24
2.82×
1.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MGY
MGY

Natural gas (Mcf/d)$193.1M54%
Natural gas revenues$51.8M14%
Natural gas liquids revenues$49.4M14%
Oil (Bbls/d)$40.7M11%
Natural gas (MMcf)$17.4M5%
Oil (MBbls)$3.7M1%
Natural gas liquids (MBbls)$2.7M1%

NGVC
NGVC

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

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