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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and OMEGA HEALTHCARE INVESTORS INC (OHI). 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 $323.0M, roughly 1.0× OMEGA HEALTHCARE INVESTORS INC). OMEGA HEALTHCARE INVESTORS INC runs the higher net margin — 49.1% vs 3.4%, a 45.7% gap on every dollar of revenue. On growth, OMEGA HEALTHCARE INVESTORS INC posted the faster year-over-year revenue change (16.7% vs 1.6%). Over the past eight quarters, OMEGA HEALTHCARE INVESTORS INC's revenue compounded faster (13.0% 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.
Omega Healthcare Investors Inc is a specialized real estate investment trust that owns, leases and manages healthcare-related real estate assets, mainly including skilled nursing facilities, senior housing and long-term care facilities across the U.S. and UK. It partners with healthcare operators to provide stable real estate support for quality patient care delivery.
NGVC vs OHI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $323.0M |
| Net Profit | $11.3M | $158.6M |
| Gross Margin | 29.5% | — |
| Operating Margin | 4.4% | — |
| Net Margin | 3.4% | 49.1% |
| Revenue YoY | 1.6% | 16.7% |
| Net Profit YoY | 14.0% | 41.5% |
| EPS (diluted) | $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 | — | $323.0M | ||
| Q4 25 | $335.6M | $319.2M | ||
| Q3 25 | $336.1M | $311.6M | ||
| Q2 25 | $328.7M | $282.5M | ||
| Q1 25 | $335.8M | $276.8M | ||
| Q4 24 | $330.2M | $279.3M | ||
| Q3 24 | $322.7M | $276.0M | ||
| Q2 24 | $309.1M | $252.7M |
| Q1 26 | — | $158.6M | ||
| Q4 25 | $11.3M | $172.0M | ||
| Q3 25 | $11.8M | $179.7M | ||
| Q2 25 | $11.6M | $136.6M | ||
| Q1 25 | $13.1M | $109.0M | ||
| Q4 24 | $9.9M | $116.5M | ||
| Q3 24 | $9.0M | $111.8M | ||
| Q2 24 | $9.2M | $113.9M |
| 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 | 4.4% | 53.7% | ||
| Q3 25 | 4.6% | 61.4% | ||
| Q2 25 | 4.7% | 52.1% | ||
| Q1 25 | 5.2% | 41.4% | ||
| Q4 24 | 4.0% | 42.5% | ||
| Q3 24 | 3.7% | 40.3% | ||
| Q2 24 | 4.2% | 47.1% |
| Q1 26 | — | 49.1% | ||
| Q4 25 | 3.4% | 53.9% | ||
| Q3 25 | 3.5% | 57.7% | ||
| Q2 25 | 3.5% | 48.4% | ||
| Q1 25 | 3.9% | 39.4% | ||
| Q4 24 | 3.0% | 41.7% | ||
| Q3 24 | 2.8% | 40.5% | ||
| Q2 24 | 3.0% | 45.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.49 | $0.56 | ||
| Q3 25 | $0.51 | $0.59 | ||
| Q2 25 | $0.50 | $0.46 | ||
| Q1 25 | $0.56 | $0.33 | ||
| Q4 24 | $0.43 | $0.41 | ||
| Q3 24 | $0.38 | $0.42 | ||
| Q2 24 | $0.40 | $0.45 |
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 | $26.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $5.2B |
| Total Assets | $668.6M | $10.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $26.1M | ||
| Q4 25 | $23.2M | $27.0M | ||
| Q3 25 | $17.1M | $737.2M | ||
| Q2 25 | $13.2M | $734.2M | ||
| Q1 25 | $21.2M | $368.0M | ||
| Q4 24 | $6.3M | $518.3M | ||
| Q3 24 | $8.9M | $342.4M | ||
| Q2 24 | $13.9M | $35.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | — | $4.7B |
| Q1 26 | — | $5.2B | ||
| Q4 25 | $220.0M | $5.2B | ||
| Q3 25 | $212.4M | $5.0B | ||
| Q2 25 | $202.5M | $5.0B | ||
| Q1 25 | $193.0M | $4.7B | ||
| Q4 24 | $181.9M | $4.5B | ||
| Q3 24 | $174.3M | $4.2B | ||
| Q2 24 | $167.8M | $3.7B |
| Q1 26 | — | $10.2B | ||
| Q4 25 | $668.6M | $10.0B | ||
| Q3 25 | $670.5M | $10.6B | ||
| Q2 25 | $659.0M | $10.5B | ||
| Q1 25 | $664.6M | $9.7B | ||
| Q4 24 | $648.9M | $9.9B | ||
| Q3 24 | $655.5M | $9.6B | ||
| Q2 24 | $654.4M | $8.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.82× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.26× |
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 | $21.1M | $878.6M | ||
| Q3 25 | $15.6M | $226.7M | ||
| Q2 25 | $2.9M | $239.3M | ||
| Q1 25 | $34.1M | $182.0M | ||
| Q4 24 | $2.7M | $749.4M | ||
| Q3 24 | $24.5M | $184.9M | ||
| Q2 24 | $12.4M | $184.1M |
| Q1 26 | — | — | ||
| Q4 25 | $11.6M | $797.7M | ||
| Q3 25 | $7.5M | $205.5M | ||
| Q2 25 | $-4.2M | $226.5M | ||
| Q1 25 | $27.6M | $161.8M | ||
| Q4 24 | $-6.9M | $711.7M | ||
| Q3 24 | $18.0M | $176.6M | ||
| Q2 24 | $3.6M | $177.0M |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 249.9% | ||
| Q3 25 | 2.2% | 65.9% | ||
| Q2 25 | -1.3% | 80.2% | ||
| Q1 25 | 8.2% | 58.4% | ||
| Q4 24 | -2.1% | 254.8% | ||
| Q3 24 | 5.6% | 64.0% | ||
| Q2 24 | 1.2% | 70.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 25.3% | ||
| Q3 25 | 2.4% | 6.8% | ||
| Q2 25 | 2.2% | 4.5% | ||
| Q1 25 | 1.9% | 7.3% | ||
| Q4 24 | 2.9% | 13.5% | ||
| Q3 24 | 2.0% | 3.0% | ||
| Q2 24 | 2.9% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | 5.11× | ||
| Q3 25 | 1.32× | 1.26× | ||
| Q2 25 | 0.25× | 1.75× | ||
| Q1 25 | 2.60× | 1.67× | ||
| Q4 24 | 0.27× | 6.43× | ||
| Q3 24 | 2.72× | 1.65× | ||
| Q2 24 | 1.35× | 1.62× |
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% |
OHI
| Rental income | $266.9M | 83% |
| Other | $45.2M | 14% |
| Resident fees and services | $6.7M | 2% |
| Real estate tax and ground lease income | $3.8M | 1% |
| Miscellaneous income | $526.0K | 0% |
