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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.
PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $335.6M, roughly 1.6× Natural Grocers by Vitamin Cottage, Inc.). PJT Partners Inc. runs the higher net margin — 10.0% vs 3.4%, a 6.7% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs 1.6%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $11.6M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
NGVC vs PJT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $531.4M |
| Net Profit | $11.3M | $53.4M |
| Gross Margin | 29.5% | — |
| Operating Margin | 4.4% | 23.1% |
| Net Margin | 3.4% | 10.0% |
| Revenue YoY | 1.6% | 12.9% |
| Net Profit YoY | 14.0% | 4.0% |
| 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.
| Q4 25 | $335.6M | $531.4M | ||
| Q3 25 | $336.1M | $442.3M | ||
| Q2 25 | $328.7M | $401.1M | ||
| Q1 25 | $335.8M | $321.9M | ||
| Q4 24 | $330.2M | $470.5M | ||
| Q3 24 | $322.7M | $320.3M | ||
| Q2 24 | $309.1M | $358.1M | ||
| Q1 24 | $308.1M | $327.1M |
| Q4 25 | $11.3M | $53.4M | ||
| Q3 25 | $11.8M | $39.8M | ||
| Q2 25 | $11.6M | $32.9M | ||
| Q1 25 | $13.1M | $54.0M | ||
| Q4 24 | $9.9M | $51.3M | ||
| Q3 24 | $9.0M | $22.1M | ||
| Q2 24 | $9.2M | $28.3M | ||
| Q1 24 | $8.0M | $32.6M |
| 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% | 23.1% | ||
| Q3 25 | 4.6% | 20.6% | ||
| Q2 25 | 4.7% | 19.1% | ||
| Q1 25 | 5.2% | 16.3% | ||
| Q4 24 | 4.0% | 21.9% | ||
| Q3 24 | 3.7% | 15.4% | ||
| Q2 24 | 4.2% | 18.0% | ||
| Q1 24 | 3.7% | 16.5% |
| Q4 25 | 3.4% | 10.0% | ||
| Q3 25 | 3.5% | 9.0% | ||
| Q2 25 | 3.5% | 8.2% | ||
| Q1 25 | 3.9% | 16.8% | ||
| Q4 24 | 3.0% | 10.9% | ||
| Q3 24 | 2.8% | 6.9% | ||
| Q2 24 | 3.0% | 7.9% | ||
| Q1 24 | 2.6% | 10.0% |
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.51 | — | ||
| Q2 25 | $0.50 | — | ||
| Q1 25 | $0.56 | — | ||
| Q4 24 | $0.43 | — | ||
| Q3 24 | $0.38 | — | ||
| Q2 24 | $0.40 | — | ||
| Q1 24 | $0.35 | — |
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 | $538.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $308.2M |
| Total Assets | $668.6M | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | $538.9M | ||
| Q3 25 | $17.1M | $400.5M | ||
| Q2 25 | $13.2M | $214.6M | ||
| Q1 25 | $21.2M | $194.3M | ||
| Q4 24 | $6.3M | $483.9M | ||
| Q3 24 | $8.9M | $148.8M | ||
| Q2 24 | $13.9M | $164.2M | ||
| Q1 24 | $11.0M | $215.5M |
| Q4 25 | $220.0M | $308.2M | ||
| Q3 25 | $212.4M | $228.6M | ||
| Q2 25 | $202.5M | $167.4M | ||
| Q1 25 | $193.0M | $148.8M | ||
| Q4 24 | $181.9M | $187.0M | ||
| Q3 24 | $174.3M | $159.1M | ||
| Q2 24 | $167.8M | $133.8M | ||
| Q1 24 | $160.0M | $174.6M |
| Q4 25 | $668.6M | $1.8B | ||
| Q3 25 | $670.5M | $1.7B | ||
| Q2 25 | $659.0M | $1.5B | ||
| Q1 25 | $664.6M | $1.4B | ||
| Q4 24 | $648.9M | $1.6B | ||
| Q3 24 | $655.5M | $1.6B | ||
| Q2 24 | $654.4M | $1.4B | ||
| Q1 24 | $656.6M | $1.3B |
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 | $155.7M |
| Free Cash FlowOCF − Capex | $11.6M | $138.6M |
| FCF MarginFCF / Revenue | 3.4% | 26.1% |
| Capex IntensityCapex / Revenue | 2.9% | 3.2% |
| Cash ConversionOCF / Net Profit | 1.86× | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $480.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $155.7M | ||
| Q3 25 | $15.6M | $256.1M | ||
| Q2 25 | $2.9M | $190.4M | ||
| Q1 25 | $34.1M | $-75.9M | ||
| Q4 24 | $2.7M | $195.7M | ||
| Q3 24 | $24.5M | $180.5M | ||
| Q2 24 | $12.4M | $193.6M | ||
| Q1 24 | $20.2M | $-38.8M |
| Q4 25 | $11.6M | $138.6M | ||
| Q3 25 | $7.5M | $240.9M | ||
| Q2 25 | $-4.2M | $178.9M | ||
| Q1 25 | $27.6M | $-77.9M | ||
| Q4 24 | $-6.9M | $195.3M | ||
| Q3 24 | $18.0M | $178.5M | ||
| Q2 24 | $3.6M | $193.0M | ||
| Q1 24 | $9.8M | $-39.2M |
| Q4 25 | 3.4% | 26.1% | ||
| Q3 25 | 2.2% | 54.5% | ||
| Q2 25 | -1.3% | 44.6% | ||
| Q1 25 | 8.2% | -24.2% | ||
| Q4 24 | -2.1% | 41.5% | ||
| Q3 24 | 5.6% | 55.7% | ||
| Q2 24 | 1.2% | 53.9% | ||
| Q1 24 | 3.2% | -12.0% |
| Q4 25 | 2.9% | 3.2% | ||
| Q3 25 | 2.4% | 3.4% | ||
| Q2 25 | 2.2% | 2.9% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 2.9% | 0.1% | ||
| Q3 24 | 2.0% | 0.6% | ||
| Q2 24 | 2.9% | 0.1% | ||
| Q1 24 | 3.4% | 0.1% |
| Q4 25 | 1.86× | 2.92× | ||
| Q3 25 | 1.32× | 6.43× | ||
| Q2 25 | 0.25× | 5.79× | ||
| Q1 25 | 2.60× | -1.41× | ||
| Q4 24 | 0.27× | 3.81× | ||
| Q3 24 | 2.72× | 8.15× | ||
| Q2 24 | 1.35× | 6.84× | ||
| Q1 24 | 2.54× | -1.19× |
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% |
PJT
Segment breakdown not available.
