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Side-by-side financial comparison of Metallus Inc. (MTUS) 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 $267.3M, roughly 1.3× Metallus Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -5.3%, a 8.7% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs 1.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-37.2M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -8.8%).
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.
MTUS vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $267.3M | $335.6M |
| Net Profit | $-14.3M | $11.3M |
| Gross Margin | 2.2% | 29.5% |
| Operating Margin | -7.7% | 4.4% |
| Net Margin | -5.3% | 3.4% |
| Revenue YoY | 11.1% | 1.6% |
| Net Profit YoY | 33.2% | 14.0% |
| EPS (diluted) | $-0.34 | $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 | $267.3M | $335.6M | ||
| Q3 25 | $305.9M | $336.1M | ||
| Q2 25 | $304.6M | $328.7M | ||
| Q1 25 | $280.5M | $335.8M | ||
| Q4 24 | $240.5M | $330.2M | ||
| Q3 24 | $227.2M | $322.7M | ||
| Q2 24 | $294.7M | $309.1M | ||
| Q1 24 | $321.6M | $308.1M |
| Q4 25 | $-14.3M | $11.3M | ||
| Q3 25 | $8.1M | $11.8M | ||
| Q2 25 | $3.7M | $11.6M | ||
| Q1 25 | $1.3M | $13.1M | ||
| Q4 24 | $-21.4M | $9.9M | ||
| Q3 24 | $-5.9M | $9.0M | ||
| Q2 24 | $4.6M | $9.2M | ||
| Q1 24 | $24.0M | $8.0M |
| Q4 25 | 2.2% | 29.5% | ||
| Q3 25 | 11.4% | 29.5% | ||
| Q2 25 | 10.6% | 29.9% | ||
| Q1 25 | 7.8% | 30.3% | ||
| Q4 24 | 4.5% | 29.9% | ||
| Q3 24 | 5.3% | 29.6% | ||
| Q2 24 | 8.2% | 29.2% | ||
| Q1 24 | 15.7% | 29.3% |
| Q4 25 | -7.7% | 4.4% | ||
| Q3 25 | 3.6% | 4.6% | ||
| Q2 25 | 2.8% | 4.7% | ||
| Q1 25 | 1.0% | 5.2% | ||
| Q4 24 | -10.1% | 4.0% | ||
| Q3 24 | -3.1% | 3.7% | ||
| Q2 24 | 2.1% | 4.2% | ||
| Q1 24 | 9.3% | 3.7% |
| Q4 25 | -5.3% | 3.4% | ||
| Q3 25 | 2.6% | 3.5% | ||
| Q2 25 | 1.2% | 3.5% | ||
| Q1 25 | 0.5% | 3.9% | ||
| Q4 24 | -8.9% | 3.0% | ||
| Q3 24 | -2.6% | 2.8% | ||
| Q2 24 | 1.6% | 3.0% | ||
| Q1 24 | 7.5% | 2.6% |
| Q4 25 | $-0.34 | $0.49 | ||
| Q3 25 | $0.19 | $0.51 | ||
| Q2 25 | $0.09 | $0.50 | ||
| Q1 25 | $0.03 | $0.56 | ||
| Q4 24 | $-0.46 | $0.43 | ||
| Q3 24 | $-0.13 | $0.38 | ||
| Q2 24 | $0.10 | $0.40 | ||
| Q1 24 | $0.52 | $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 | $156.7M | $23.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $686.0M | $220.0M |
| Total Assets | $1.1B | $668.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.7M | $23.2M | ||
| Q3 25 | $191.5M | $17.1M | ||
| Q2 25 | $190.8M | $13.2M | ||
| Q1 25 | $180.3M | $21.2M | ||
| Q4 24 | $240.7M | $6.3M | ||
| Q3 24 | $254.6M | $8.9M | ||
| Q2 24 | $272.8M | $13.9M | ||
| Q1 24 | $278.1M | $11.0M |
| Q4 25 | — | — | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $5.4M | — | ||
| Q3 24 | $13.2M | — | ||
| Q2 24 | $13.2M | — | ||
| Q1 24 | $13.2M | — |
| Q4 25 | $686.0M | $220.0M | ||
| Q3 25 | $697.7M | $212.4M | ||
| Q2 25 | $690.0M | $202.5M | ||
| Q1 25 | $686.1M | $193.0M | ||
| Q4 24 | $690.5M | $181.9M | ||
| Q3 24 | $712.7M | $174.3M | ||
| Q2 24 | $736.3M | $167.8M | ||
| Q1 24 | $739.3M | $160.0M |
| Q4 25 | $1.1B | $668.6M | ||
| Q3 25 | $1.2B | $670.5M | ||
| Q2 25 | $1.1B | $659.0M | ||
| Q1 25 | $1.1B | $664.6M | ||
| Q4 24 | $1.1B | $648.9M | ||
| Q3 24 | $1.1B | $655.5M | ||
| Q2 24 | $1.1B | $654.4M | ||
| Q1 24 | $1.2B | $656.6M |
| Q4 25 | — | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | 0.02× | — | ||
| Q1 24 | 0.02× | — |
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 | $-1.9M | $21.1M |
| Free Cash FlowOCF − Capex | $-37.2M | $11.6M |
| FCF MarginFCF / Revenue | -13.9% | 3.4% |
| Capex IntensityCapex / Revenue | 13.2% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.0M | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.9M | $21.1M | ||
| Q3 25 | $22.0M | $15.6M | ||
| Q2 25 | $34.8M | $2.9M | ||
| Q1 25 | $-38.9M | $34.1M | ||
| Q4 24 | $13.9M | $2.7M | ||
| Q3 24 | $-15.3M | $24.5M | ||
| Q2 24 | $8.3M | $12.4M | ||
| Q1 24 | $33.4M | $20.2M |
| Q4 25 | $-37.2M | $11.6M | ||
| Q3 25 | $-6.4M | $7.5M | ||
| Q2 25 | $17.0M | $-4.2M | ||
| Q1 25 | $-66.4M | $27.6M | ||
| Q4 24 | $-1.3M | $-6.9M | ||
| Q3 24 | $-32.9M | $18.0M | ||
| Q2 24 | $-5.8M | $3.6M | ||
| Q1 24 | $16.0M | $9.8M |
| Q4 25 | -13.9% | 3.4% | ||
| Q3 25 | -2.1% | 2.2% | ||
| Q2 25 | 5.6% | -1.3% | ||
| Q1 25 | -23.7% | 8.2% | ||
| Q4 24 | -0.5% | -2.1% | ||
| Q3 24 | -14.5% | 5.6% | ||
| Q2 24 | -2.0% | 1.2% | ||
| Q1 24 | 5.0% | 3.2% |
| Q4 25 | 13.2% | 2.9% | ||
| Q3 25 | 9.3% | 2.4% | ||
| Q2 25 | 5.8% | 2.2% | ||
| Q1 25 | 9.8% | 1.9% | ||
| Q4 24 | 6.3% | 2.9% | ||
| Q3 24 | 7.7% | 2.0% | ||
| Q2 24 | 4.8% | 2.9% | ||
| Q1 24 | 5.4% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | 2.72× | 1.32× | ||
| Q2 25 | 9.41× | 0.25× | ||
| Q1 25 | -29.92× | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | 1.80× | 1.35× | ||
| Q1 24 | 1.39× | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
