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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $335.6M, roughly 1.3× Natural Grocers by Vitamin Cottage, Inc.). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 3.4%, a 4.2% 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 -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $11.6M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
NGVC vs PEGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $430.0M |
| Net Profit | $11.3M | $32.8M |
| Gross Margin | 29.5% | 75.2% |
| Operating Margin | 4.4% | 8.6% |
| Net Margin | 3.4% | 7.6% |
| Revenue YoY | 1.6% | -9.6% |
| Net Profit YoY | 14.0% | — |
| EPS (diluted) | $0.49 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $335.6M | $504.3M | ||
| Q3 25 | $336.1M | $381.4M | ||
| Q2 25 | $328.7M | $384.5M | ||
| Q1 25 | $335.8M | $475.6M | ||
| Q4 24 | $330.2M | $490.8M | ||
| Q3 24 | $322.7M | $325.1M | ||
| Q2 24 | $309.1M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $11.3M | $234.6M | ||
| Q3 25 | $11.8M | $43.4M | ||
| Q2 25 | $11.6M | $30.1M | ||
| Q1 25 | $13.1M | $85.4M | ||
| Q4 24 | $9.9M | $119.1M | ||
| Q3 24 | $9.0M | $-14.4M | ||
| Q2 24 | $9.2M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 29.5% | 79.5% | ||
| Q3 25 | 29.5% | 72.2% | ||
| Q2 25 | 29.9% | 71.5% | ||
| Q1 25 | 30.3% | 78.5% | ||
| Q4 24 | 29.9% | 79.1% | ||
| Q3 24 | 29.6% | 70.2% | ||
| Q2 24 | 29.2% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 4.4% | 20.7% | ||
| Q3 25 | 4.6% | 3.8% | ||
| Q2 25 | 4.7% | 4.5% | ||
| Q1 25 | 5.2% | 26.7% | ||
| Q4 24 | 4.0% | 29.1% | ||
| Q3 24 | 3.7% | -3.6% | ||
| Q2 24 | 4.2% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 3.4% | 46.5% | ||
| Q3 25 | 3.5% | 11.4% | ||
| Q2 25 | 3.5% | 7.8% | ||
| Q1 25 | 3.9% | 18.0% | ||
| Q4 24 | 3.0% | 24.3% | ||
| Q3 24 | 2.8% | -4.4% | ||
| Q2 24 | 3.0% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.49 | $0.81 | ||
| Q3 25 | $0.51 | $0.24 | ||
| Q2 25 | $0.50 | $0.17 | ||
| Q1 25 | $0.56 | $0.91 | ||
| Q4 24 | $0.43 | $1.35 | ||
| Q3 24 | $0.38 | $-0.17 | ||
| Q2 24 | $0.40 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $705.9M |
| Total Assets | $668.6M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $23.2M | $425.8M | ||
| Q3 25 | $17.1M | $351.4M | ||
| Q2 25 | $13.2M | $411.6M | ||
| Q1 25 | $21.2M | $371.7M | ||
| Q4 24 | $6.3M | $740.0M | ||
| Q3 24 | $8.9M | $703.0M | ||
| Q2 24 | $13.9M | $665.1M |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $220.0M | $787.4M | ||
| Q3 25 | $212.4M | $596.8M | ||
| Q2 25 | $202.5M | $624.5M | ||
| Q1 25 | $193.0M | $611.3M | ||
| Q4 24 | $181.9M | $585.5M | ||
| Q3 24 | $174.3M | $473.0M | ||
| Q2 24 | $167.8M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $668.6M | $1.6B | ||
| Q3 25 | $670.5M | $1.3B | ||
| Q2 25 | $659.0M | $1.3B | ||
| Q1 25 | $664.6M | $1.3B | ||
| Q4 24 | $648.9M | $1.8B | ||
| Q3 24 | $655.5M | $1.6B | ||
| Q2 24 | $654.4M | $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 | — |
| Free Cash FlowOCF − Capex | $11.6M | $206.5M |
| FCF MarginFCF / Revenue | 3.4% | 48.0% |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | 1.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $21.1M | $158.4M | ||
| Q3 25 | $15.6M | $56.3M | ||
| Q2 25 | $2.9M | $86.3M | ||
| Q1 25 | $34.1M | $204.2M | ||
| Q4 24 | $2.7M | $95.2M | ||
| Q3 24 | $24.5M | $30.5M | ||
| Q2 24 | $12.4M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $11.6M | $152.4M | ||
| Q3 25 | $7.5M | $51.8M | ||
| Q2 25 | $-4.2M | $84.1M | ||
| Q1 25 | $27.6M | $202.3M | ||
| Q4 24 | $-6.9M | $92.4M | ||
| Q3 24 | $18.0M | $27.4M | ||
| Q2 24 | $3.6M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 3.4% | 30.2% | ||
| Q3 25 | 2.2% | 13.6% | ||
| Q2 25 | -1.3% | 21.9% | ||
| Q1 25 | 8.2% | 42.5% | ||
| Q4 24 | -2.1% | 18.8% | ||
| Q3 24 | 5.6% | 8.4% | ||
| Q2 24 | 1.2% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 1.2% | ||
| Q3 25 | 2.4% | 1.2% | ||
| Q2 25 | 2.2% | 0.6% | ||
| Q1 25 | 1.9% | 0.4% | ||
| Q4 24 | 2.9% | 0.6% | ||
| Q3 24 | 2.0% | 0.9% | ||
| Q2 24 | 2.9% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | 0.68× | ||
| Q3 25 | 1.32× | 1.30× | ||
| Q2 25 | 0.25× | 2.87× | ||
| Q1 25 | 2.60× | 2.39× | ||
| Q4 24 | 0.27× | 0.80× | ||
| Q3 24 | 2.72× | — | ||
| Q2 24 | 1.35× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
