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

ENVIRI Corp is the larger business by last-quarter revenue ($555.0M vs $335.6M, roughly 1.7× Natural Grocers by Vitamin Cottage, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -15.2%, a 18.6% 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 -0.8%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-10.5M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -3.8%).

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.

Enviri Corporation is an environmental company based in Philadelphia, Pennsylvania. It operates in over 30 countries and employs approximately 12,000 people worldwide. The company addresses complex environmental issues for large industries, including steel, railways, and energy.

NGVC vs NVRI — Head-to-Head

Bigger by revenue
NVRI
NVRI
1.7× larger
NVRI
$555.0M
$335.6M
NGVC
Growing faster (revenue YoY)
NGVC
NGVC
+2.4% gap
NGVC
1.6%
-0.8%
NVRI
Higher net margin
NGVC
NGVC
18.6% more per $
NGVC
3.4%
-15.2%
NVRI
More free cash flow
NGVC
NGVC
$22.0M more FCF
NGVC
$11.6M
$-10.5M
NVRI
Faster 2-yr revenue CAGR
NGVC
NGVC
Annualised
NGVC
4.4%
-3.8%
NVRI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NGVC
NGVC
NVRI
NVRI
Revenue
$335.6M
$555.0M
Net Profit
$11.3M
$-84.3M
Gross Margin
29.5%
Operating Margin
4.4%
-6.4%
Net Margin
3.4%
-15.2%
Revenue YoY
1.6%
-0.8%
Net Profit YoY
14.0%
0.7%
EPS (diluted)
$0.49
$-1.04

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
NVRI
NVRI
Q4 25
$335.6M
$555.0M
Q3 25
$336.1M
$574.8M
Q2 25
$328.7M
$562.3M
Q1 25
$335.8M
$548.3M
Q4 24
$330.2M
$559.2M
Q3 24
$322.7M
$573.6M
Q2 24
$309.1M
$610.0M
Q1 24
$308.1M
$600.3M
Net Profit
NGVC
NGVC
NVRI
NVRI
Q4 25
$11.3M
$-84.3M
Q3 25
$11.8M
$-22.3M
Q2 25
$11.6M
$-47.6M
Q1 25
$13.1M
$-13.4M
Q4 24
$9.9M
$-84.9M
Q3 24
$9.0M
$-13.2M
Q2 24
$9.2M
$-13.6M
Q1 24
$8.0M
$-18.0M
Gross Margin
NGVC
NGVC
NVRI
NVRI
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%
Operating Margin
NGVC
NGVC
NVRI
NVRI
Q4 25
4.4%
-6.4%
Q3 25
4.6%
2.9%
Q2 25
4.7%
-1.3%
Q1 25
5.2%
5.6%
Q4 24
4.0%
-11.4%
Q3 24
3.7%
6.5%
Q2 24
4.2%
5.1%
Q1 24
3.7%
4.3%
Net Margin
NGVC
NGVC
NVRI
NVRI
Q4 25
3.4%
-15.2%
Q3 25
3.5%
-3.9%
Q2 25
3.5%
-8.5%
Q1 25
3.9%
-2.4%
Q4 24
3.0%
-15.2%
Q3 24
2.8%
-2.3%
Q2 24
3.0%
-2.2%
Q1 24
2.6%
-3.0%
EPS (diluted)
NGVC
NGVC
NVRI
NVRI
Q4 25
$0.49
$-1.04
Q3 25
$0.51
$-0.28
Q2 25
$0.50
$-0.59
Q1 25
$0.56
$-0.17
Q4 24
$0.43
$-1.07
Q3 24
$0.38
$-0.16
Q2 24
$0.40
$-0.17
Q1 24
$0.35
$-0.22

Balance Sheet & Financial Strength

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

Metric
NGVC
NGVC
NVRI
NVRI
Cash + ST InvestmentsLiquidity on hand
$23.2M
$103.7M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$220.0M
$255.1M
Total Assets
$668.6M
$2.7B
Debt / EquityLower = less leverage
6.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVC
NGVC
NVRI
NVRI
Q4 25
$23.2M
$103.7M
Q3 25
$17.1M
$115.4M
Q2 25
$13.2M
$97.8M
Q1 25
$21.2M
$102.5M
Q4 24
$6.3M
$88.4M
Q3 24
$8.9M
$110.2M
Q2 24
$13.9M
$104.0M
Q1 24
$11.0M
$103.9M
Total Debt
NGVC
NGVC
NVRI
NVRI
Q4 25
$1.6B
Q3 25
Q2 25
Q1 25
Q4 24
$1.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NGVC
NGVC
NVRI
NVRI
Q4 25
$220.0M
$255.1M
Q3 25
$212.4M
$361.1M
Q2 25
$202.5M
$376.3M
Q1 25
$193.0M
$409.0M
Q4 24
$181.9M
$391.5M
Q3 24
$174.3M
$484.0M
Q2 24
$167.8M
$485.7M
Q1 24
$160.0M
$500.9M
Total Assets
NGVC
NGVC
NVRI
NVRI
Q4 25
$668.6M
$2.7B
Q3 25
$670.5M
$2.8B
Q2 25
$659.0M
$2.8B
Q1 25
$664.6M
$2.7B
Q4 24
$648.9M
$2.6B
Q3 24
$655.5M
$2.8B
Q2 24
$654.4M
$2.8B
Q1 24
$656.6M
$2.8B
Debt / Equity
NGVC
NGVC
NVRI
NVRI
Q4 25
6.10×
Q3 25
Q2 25
Q1 25
Q4 24
3.66×
Q3 24
Q2 24
Q1 24

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
NVRI
NVRI
Operating Cash FlowLast quarter
$21.1M
$38.4M
Free Cash FlowOCF − Capex
$11.6M
$-10.5M
FCF MarginFCF / Revenue
3.4%
-1.9%
Capex IntensityCapex / Revenue
2.9%
8.8%
Cash ConversionOCF / Net Profit
1.86×
TTM Free Cash FlowTrailing 4 quarters
$42.6M
$-39.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGVC
NGVC
NVRI
NVRI
Q4 25
$21.1M
$38.4M
Q3 25
$15.6M
$34.4M
Q2 25
$2.9M
$22.0M
Q1 25
$34.1M
$6.6M
Q4 24
$2.7M
$36.3M
Q3 24
$24.5M
$1.4M
Q2 24
$12.4M
$39.0M
Q1 24
$20.2M
$1.3M
Free Cash Flow
NGVC
NGVC
NVRI
NVRI
Q4 25
$11.6M
$-10.5M
Q3 25
$7.5M
$2.7M
Q2 25
$-4.2M
$-17.1M
Q1 25
$27.6M
$-15.0M
Q4 24
$-6.9M
$1.8M
Q3 24
$18.0M
$-40.2M
Q2 24
$3.6M
$5.4M
Q1 24
$9.8M
$-25.5M
FCF Margin
NGVC
NGVC
NVRI
NVRI
Q4 25
3.4%
-1.9%
Q3 25
2.2%
0.5%
Q2 25
-1.3%
-3.0%
Q1 25
8.2%
-2.7%
Q4 24
-2.1%
0.3%
Q3 24
5.6%
-7.0%
Q2 24
1.2%
0.9%
Q1 24
3.2%
-4.3%
Capex Intensity
NGVC
NGVC
NVRI
NVRI
Q4 25
2.9%
8.8%
Q3 25
2.4%
5.5%
Q2 25
2.2%
6.9%
Q1 25
1.9%
3.9%
Q4 24
2.9%
6.2%
Q3 24
2.0%
7.2%
Q2 24
2.9%
5.5%
Q1 24
3.4%
4.5%
Cash Conversion
NGVC
NGVC
NVRI
NVRI
Q4 25
1.86×
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
NGVC

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

NVRI
NVRI

Products And Services Service Revenue$500.2M90%
After Market Parts And Services Safety And Diagnostic Technology$23.0M4%
Railway Track Maintenance Equipment$16.6M3%
Railway Contracting Services$15.9M3%
Aluminum Dross And Scrap Processing Systems$3.1M1%

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