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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and Enpro Inc. (NPO). 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 $295.4M, roughly 1.1× Enpro Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -10.8%, a 14.2% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs 1.6%). Over the past eight quarters, Enpro Inc.'s revenue compounded faster (7.1% CAGR vs 4.4%).

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.

Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...

NGVC vs NPO — Head-to-Head

Bigger by revenue
NGVC
NGVC
1.1× larger
NGVC
$335.6M
$295.4M
NPO
Growing faster (revenue YoY)
NPO
NPO
+12.7% gap
NPO
14.3%
1.6%
NGVC
Higher net margin
NGVC
NGVC
14.2% more per $
NGVC
3.4%
-10.8%
NPO
Faster 2-yr revenue CAGR
NPO
NPO
Annualised
NPO
7.1%
4.4%
NGVC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NGVC
NGVC
NPO
NPO
Revenue
$335.6M
$295.4M
Net Profit
$11.3M
$-32.0M
Gross Margin
29.5%
42.1%
Operating Margin
4.4%
11.2%
Net Margin
3.4%
-10.8%
Revenue YoY
1.6%
14.3%
Net Profit YoY
14.0%
-330.2%
EPS (diluted)
$0.49
$-1.50

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
NGVC
NGVC
NPO
NPO
Q4 25
$335.6M
$295.4M
Q3 25
$336.1M
$286.6M
Q2 25
$328.7M
$288.1M
Q1 25
$335.8M
$273.2M
Q4 24
$330.2M
$258.4M
Q3 24
$322.7M
$260.9M
Q2 24
$309.1M
$271.9M
Q1 24
$308.1M
$257.5M
Net Profit
NGVC
NGVC
NPO
NPO
Q4 25
$11.3M
$-32.0M
Q3 25
$11.8M
$21.6M
Q2 25
$11.6M
$26.4M
Q1 25
$13.1M
$24.5M
Q4 24
$9.9M
$13.9M
Q3 24
$9.0M
$19.8M
Q2 24
$9.2M
$26.7M
Q1 24
$8.0M
$12.5M
Gross Margin
NGVC
NGVC
NPO
NPO
Q4 25
29.5%
42.1%
Q3 25
29.5%
41.9%
Q2 25
29.9%
43.3%
Q1 25
30.3%
43.3%
Q4 24
29.9%
42.3%
Q3 24
29.6%
42.3%
Q2 24
29.2%
43.8%
Q1 24
29.3%
41.2%
Operating Margin
NGVC
NGVC
NPO
NPO
Q4 25
4.4%
11.2%
Q3 25
4.6%
14.3%
Q2 25
4.7%
15.9%
Q1 25
5.2%
15.3%
Q4 24
4.0%
12.5%
Q3 24
3.7%
13.1%
Q2 24
4.2%
17.7%
Q1 24
3.7%
10.9%
Net Margin
NGVC
NGVC
NPO
NPO
Q4 25
3.4%
-10.8%
Q3 25
3.5%
7.5%
Q2 25
3.5%
9.2%
Q1 25
3.9%
9.0%
Q4 24
3.0%
5.4%
Q3 24
2.8%
7.6%
Q2 24
3.0%
9.8%
Q1 24
2.6%
4.9%
EPS (diluted)
NGVC
NGVC
NPO
NPO
Q4 25
$0.49
$-1.50
Q3 25
$0.51
$1.01
Q2 25
$0.50
$1.25
Q1 25
$0.56
$1.15
Q4 24
$0.43
$0.65
Q3 24
$0.38
$0.94
Q2 24
$0.40
$1.27
Q1 24
$0.35
$0.59

Balance Sheet & Financial Strength

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

Metric
NGVC
NGVC
NPO
NPO
Cash + ST InvestmentsLiquidity on hand
$23.2M
$114.7M
Total DebtLower is stronger
$655.3M
Stockholders' EquityBook value
$220.0M
$1.5B
Total Assets
$668.6M
$2.7B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVC
NGVC
NPO
NPO
Q4 25
$23.2M
$114.7M
Q3 25
$17.1M
$132.9M
Q2 25
$13.2M
$107.1M
Q1 25
$21.2M
$240.3M
Q4 24
$6.3M
$236.3M
Q3 24
$8.9M
$206.9M
Q2 24
$13.9M
$175.9M
Q1 24
$11.0M
$163.9M
Total Debt
NGVC
NGVC
NPO
NPO
Q4 25
$655.3M
Q3 25
Q2 25
Q1 25
Q4 24
$640.1M
Q3 24
Q2 24
Q1 24
$644.9M
Stockholders' Equity
NGVC
NGVC
NPO
NPO
Q4 25
$220.0M
$1.5B
Q3 25
$212.4M
$1.5B
Q2 25
$202.5M
$1.5B
Q1 25
$193.0M
$1.5B
Q4 24
$181.9M
$1.4B
Q3 24
$174.3M
$1.5B
Q2 24
$167.8M
$1.4B
Q1 24
$160.0M
$1.4B
Total Assets
NGVC
NGVC
NPO
NPO
Q4 25
$668.6M
$2.7B
Q3 25
$670.5M
$2.4B
Q2 25
$659.0M
$2.4B
Q1 25
$664.6M
$2.5B
Q4 24
$648.9M
$2.5B
Q3 24
$655.5M
$2.5B
Q2 24
$654.4M
$2.5B
Q1 24
$656.6M
$2.5B
Debt / Equity
NGVC
NGVC
NPO
NPO
Q4 25
0.42×
Q3 25
Q2 25
Q1 25
Q4 24
0.45×
Q3 24
Q2 24
Q1 24
0.46×

Cash Flow & Capital Efficiency

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

Metric
NGVC
NGVC
NPO
NPO
Operating Cash FlowLast quarter
$21.1M
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
2.9%
4.1%
Cash ConversionOCF / Net Profit
1.86×
TTM Free Cash FlowTrailing 4 quarters
$42.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGVC
NGVC
NPO
NPO
Q4 25
$21.1M
Q3 25
$15.6M
$65.3M
Q2 25
$2.9M
$52.2M
Q1 25
$34.1M
$21.0M
Q4 24
$2.7M
$59.4M
Q3 24
$24.5M
$54.0M
Q2 24
$12.4M
$43.2M
Q1 24
$20.2M
$6.3M
Free Cash Flow
NGVC
NGVC
NPO
NPO
Q4 25
$11.6M
Q3 25
$7.5M
$53.4M
Q2 25
$-4.2M
$42.3M
Q1 25
$27.6M
$13.0M
Q4 24
$-6.9M
$49.1M
Q3 24
$18.0M
$48.3M
Q2 24
$3.6M
$38.3M
Q1 24
$9.8M
$-1.9M
FCF Margin
NGVC
NGVC
NPO
NPO
Q4 25
3.4%
Q3 25
2.2%
18.6%
Q2 25
-1.3%
14.7%
Q1 25
8.2%
4.8%
Q4 24
-2.1%
19.0%
Q3 24
5.6%
18.5%
Q2 24
1.2%
14.1%
Q1 24
3.2%
-0.7%
Capex Intensity
NGVC
NGVC
NPO
NPO
Q4 25
2.9%
4.1%
Q3 25
2.4%
4.2%
Q2 25
2.2%
3.4%
Q1 25
1.9%
2.9%
Q4 24
2.9%
4.0%
Q3 24
2.0%
2.2%
Q2 24
2.9%
1.8%
Q1 24
3.4%
3.2%
Cash Conversion
NGVC
NGVC
NPO
NPO
Q4 25
1.86×
Q3 25
1.32×
3.02×
Q2 25
0.25×
1.98×
Q1 25
2.60×
0.86×
Q4 24
0.27×
4.27×
Q3 24
2.72×
2.73×
Q2 24
1.35×
1.62×
Q1 24
2.54×
0.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NGVC
NGVC

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

NPO
NPO

Sealing Technologies Segment$187.0M63%
General Industrial$71.3M24%
Power Generation$19.9M7%
Oiland Gas Market$15.0M5%
Semiconductors$2.2M1%

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