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Side-by-side financial comparison of MGIC INVESTMENT CORP (MTG) 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 $297.1M, roughly 1.1× MGIC INVESTMENT CORP). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 3.4%, a 52.3% 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 -3.0%). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -1.4%).
MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.
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.
MTG vs NGVC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $297.1M | $335.6M |
| Net Profit | $165.3M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | — | 4.4% |
| Net Margin | 55.6% | 3.4% |
| Revenue YoY | -3.0% | 1.6% |
| Net Profit YoY | -10.9% | 14.0% |
| EPS (diluted) | $0.76 | $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.
| Q1 26 | $297.1M | — | ||
| Q4 25 | $298.7M | $335.6M | ||
| Q3 25 | $304.5M | $336.1M | ||
| Q2 25 | $304.2M | $328.7M | ||
| Q1 25 | $306.2M | $335.8M | ||
| Q4 24 | $301.4M | $330.2M | ||
| Q3 24 | $306.6M | $322.7M | ||
| Q2 24 | $305.3M | $309.1M |
| Q1 26 | $165.3M | — | ||
| Q4 25 | $169.3M | $11.3M | ||
| Q3 25 | $191.1M | $11.8M | ||
| Q2 25 | $192.5M | $11.6M | ||
| Q1 25 | $185.5M | $13.1M | ||
| Q4 24 | $184.7M | $9.9M | ||
| Q3 24 | $200.0M | $9.0M | ||
| Q2 24 | $204.2M | $9.2M |
| 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% |
| Q1 26 | — | — | ||
| Q4 25 | 71.2% | 4.4% | ||
| Q3 25 | 77.2% | 4.6% | ||
| Q2 25 | 80.9% | 4.7% | ||
| Q1 25 | 76.6% | 5.2% | ||
| Q4 24 | 77.9% | 4.0% | ||
| Q3 24 | 82.9% | 3.7% | ||
| Q2 24 | 85.1% | 4.2% |
| Q1 26 | 55.6% | — | ||
| Q4 25 | 56.7% | 3.4% | ||
| Q3 25 | 62.8% | 3.5% | ||
| Q2 25 | 63.3% | 3.5% | ||
| Q1 25 | 60.6% | 3.9% | ||
| Q4 24 | 61.3% | 3.0% | ||
| Q3 24 | 65.2% | 2.8% | ||
| Q2 24 | 66.9% | 3.0% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $0.75 | $0.49 | ||
| Q3 25 | $0.83 | $0.51 | ||
| Q2 25 | $0.81 | $0.50 | ||
| Q1 25 | $0.75 | $0.56 | ||
| Q4 24 | $0.71 | $0.43 | ||
| Q3 24 | $0.77 | $0.38 | ||
| Q2 24 | $0.77 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $235.1M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $220.0M |
| Total Assets | $6.4B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $235.1M | — | ||
| Q4 25 | $369.0M | $23.2M | ||
| Q3 25 | $266.9M | $17.1M | ||
| Q2 25 | $294.9M | $13.2M | ||
| Q1 25 | $207.0M | $21.2M | ||
| Q4 24 | $229.5M | $6.3M | ||
| Q3 24 | $288.6M | $8.9M | ||
| Q2 24 | $281.8M | $13.9M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.1B | $220.0M | ||
| Q3 25 | $5.2B | $212.4M | ||
| Q2 25 | $5.2B | $202.5M | ||
| Q1 25 | $5.1B | $193.0M | ||
| Q4 24 | $5.2B | $181.9M | ||
| Q3 24 | $5.3B | $174.3M | ||
| Q2 24 | $5.1B | $167.8M |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.6B | $668.6M | ||
| Q3 25 | $6.6B | $670.5M | ||
| Q2 25 | $6.5B | $659.0M | ||
| Q1 25 | $6.5B | $664.6M | ||
| Q4 24 | $6.5B | $648.9M | ||
| Q3 24 | $6.7B | $655.5M | ||
| Q2 24 | $6.5B | $654.4M |
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 | — | $21.1M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $230.8M | $21.1M | ||
| Q3 25 | $215.4M | $15.6M | ||
| Q2 25 | $183.0M | $2.9M | ||
| Q1 25 | $223.7M | $34.1M | ||
| Q4 24 | $182.4M | $2.7M | ||
| Q3 24 | $182.9M | $24.5M | ||
| Q2 24 | $169.2M | $12.4M |
| Q1 26 | — | — | ||
| Q4 25 | $230.2M | $11.6M | ||
| Q3 25 | $215.1M | $7.5M | ||
| Q2 25 | $183.0M | $-4.2M | ||
| Q1 25 | $223.5M | $27.6M | ||
| Q4 24 | $181.9M | $-6.9M | ||
| Q3 24 | $182.5M | $18.0M | ||
| Q2 24 | $169.0M | $3.6M |
| Q1 26 | — | — | ||
| Q4 25 | 77.1% | 3.4% | ||
| Q3 25 | 70.6% | 2.2% | ||
| Q2 25 | 60.1% | -1.3% | ||
| Q1 25 | 73.0% | 8.2% | ||
| Q4 24 | 60.3% | -2.1% | ||
| Q3 24 | 59.5% | 5.6% | ||
| Q2 24 | 55.3% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.9% | ||
| Q3 25 | 0.1% | 2.4% | ||
| Q2 25 | 0.0% | 2.2% | ||
| Q1 25 | 0.0% | 1.9% | ||
| Q4 24 | 0.2% | 2.9% | ||
| Q3 24 | 0.1% | 2.0% | ||
| Q2 24 | 0.1% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 1.86× | ||
| Q3 25 | 1.13× | 1.32× | ||
| Q2 25 | 0.95× | 0.25× | ||
| Q1 25 | 1.21× | 2.60× | ||
| Q4 24 | 0.99× | 0.27× | ||
| Q3 24 | 0.91× | 2.72× | ||
| Q2 24 | 0.83× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTG
Segment breakdown not available.
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
