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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
Natera, Inc. is the larger business by last-quarter revenue ($665.5M vs $335.6M, roughly 2.0× Natural Grocers by Vitamin Cottage, Inc.). Natera, Inc. runs the higher net margin — 7.1% vs 3.4%, a 3.7% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs 1.6%). Natera, Inc. produced more free cash flow last quarter ($37.8M vs $11.6M). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% 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.
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
NGVC vs NTRA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $665.5M |
| Net Profit | $11.3M | $47.3M |
| Gross Margin | 29.5% | — |
| Operating Margin | 4.4% | -3.4% |
| Net Margin | 3.4% | 7.1% |
| Revenue YoY | 1.6% | 39.8% |
| Net Profit YoY | 14.0% | 187.9% |
| EPS (diluted) | $0.49 | $0.36 |
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 | $335.6M | $665.5M | ||
| Q3 25 | $336.1M | $592.2M | ||
| Q2 25 | $328.7M | $546.6M | ||
| Q1 25 | $335.8M | $501.8M | ||
| Q4 24 | $330.2M | $476.1M | ||
| Q3 24 | $322.7M | $439.8M | ||
| Q2 24 | $309.1M | $413.4M | ||
| Q1 24 | $308.1M | $367.7M |
| Q4 25 | $11.3M | $47.3M | ||
| Q3 25 | $11.8M | $-87.5M | ||
| Q2 25 | $11.6M | $-100.9M | ||
| Q1 25 | $13.1M | $-66.9M | ||
| Q4 24 | $9.9M | $-53.8M | ||
| Q3 24 | $9.0M | $-31.6M | ||
| Q2 24 | $9.2M | $-37.5M | ||
| Q1 24 | $8.0M | $-67.6M |
| 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 24 | 29.3% | — |
| Q4 25 | 4.4% | -3.4% | ||
| Q3 25 | 4.6% | -16.5% | ||
| Q2 25 | 4.7% | -20.2% | ||
| Q1 25 | 5.2% | -15.8% | ||
| Q4 24 | 4.0% | -13.6% | ||
| Q3 24 | 3.7% | -8.9% | ||
| Q2 24 | 4.2% | -10.6% | ||
| Q1 24 | 3.7% | -20.2% |
| Q4 25 | 3.4% | 7.1% | ||
| Q3 25 | 3.5% | -14.8% | ||
| Q2 25 | 3.5% | -18.5% | ||
| Q1 25 | 3.9% | -13.3% | ||
| Q4 24 | 3.0% | -11.3% | ||
| Q3 24 | 2.8% | -7.2% | ||
| Q2 24 | 3.0% | -9.1% | ||
| Q1 24 | 2.6% | -18.4% |
| Q4 25 | $0.49 | $0.36 | ||
| Q3 25 | $0.51 | $-0.64 | ||
| Q2 25 | $0.50 | $-0.74 | ||
| Q1 25 | $0.56 | $-0.50 | ||
| Q4 24 | $0.43 | $-0.41 | ||
| Q3 24 | $0.38 | $-0.26 | ||
| Q2 24 | $0.40 | $-0.30 | ||
| Q1 24 | $0.35 | $-0.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.2M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $1.7B |
| Total Assets | $668.6M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | — | ||
| Q3 25 | $17.1M | $1.0M | ||
| Q2 25 | $13.2M | $16.0M | ||
| Q1 25 | $21.2M | $17.8M | ||
| Q4 24 | $6.3M | $22.7M | ||
| Q3 24 | $8.9M | $29.5M | ||
| Q2 24 | $13.9M | $90.3M | ||
| Q1 24 | $11.0M | $69.1M |
| Q4 25 | $220.0M | $1.7B | ||
| Q3 25 | $212.4M | $1.3B | ||
| Q2 25 | $202.5M | $1.2B | ||
| Q1 25 | $193.0M | $1.2B | ||
| Q4 24 | $181.9M | $1.2B | ||
| Q3 24 | $174.3M | $878.5M | ||
| Q2 24 | $167.8M | $836.5M | ||
| Q1 24 | $160.0M | $794.1M |
| Q4 25 | $668.6M | $2.4B | ||
| Q3 25 | $670.5M | $1.8B | ||
| Q2 25 | $659.0M | $1.8B | ||
| Q1 25 | $664.6M | $1.7B | ||
| Q4 24 | $648.9M | $1.7B | ||
| Q3 24 | $655.5M | $1.6B | ||
| Q2 24 | $654.4M | $1.5B | ||
| Q1 24 | $656.6M | $1.5B |
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 | $73.9M |
| Free Cash FlowOCF − Capex | $11.6M | $37.8M |
| FCF MarginFCF / Revenue | 3.4% | 5.7% |
| Capex IntensityCapex / Revenue | 2.9% | 5.4% |
| Cash ConversionOCF / Net Profit | 1.86× | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $73.9M | ||
| Q3 25 | $15.6M | $59.4M | ||
| Q2 25 | $2.9M | $37.6M | ||
| Q1 25 | $34.1M | $44.5M | ||
| Q4 24 | $2.7M | $52.9M | ||
| Q3 24 | $24.5M | $51.8M | ||
| Q2 24 | $12.4M | $4.0M | ||
| Q1 24 | $20.2M | $27.0M |
| Q4 25 | $11.6M | $37.8M | ||
| Q3 25 | $7.5M | $37.0M | ||
| Q2 25 | $-4.2M | $11.7M | ||
| Q1 25 | $27.6M | $22.6M | ||
| Q4 24 | $-6.9M | $34.8M | ||
| Q3 24 | $18.0M | $35.5M | ||
| Q2 24 | $3.6M | $-7.7M | ||
| Q1 24 | $9.8M | $6.7M |
| Q4 25 | 3.4% | 5.7% | ||
| Q3 25 | 2.2% | 6.2% | ||
| Q2 25 | -1.3% | 2.1% | ||
| Q1 25 | 8.2% | 4.5% | ||
| Q4 24 | -2.1% | 7.3% | ||
| Q3 24 | 5.6% | 8.1% | ||
| Q2 24 | 1.2% | -1.9% | ||
| Q1 24 | 3.2% | 1.8% |
| Q4 25 | 2.9% | 5.4% | ||
| Q3 25 | 2.4% | 3.8% | ||
| Q2 25 | 2.2% | 4.7% | ||
| Q1 25 | 1.9% | 4.3% | ||
| Q4 24 | 2.9% | 3.8% | ||
| Q3 24 | 2.0% | 3.7% | ||
| Q2 24 | 2.9% | 2.8% | ||
| Q1 24 | 3.4% | 5.5% |
| Q4 25 | 1.86× | 1.56× | ||
| 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
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
NTRA
Segment breakdown not available.
