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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and Ralliant Corp (RAL). Click either name above to swap in a different company.
Ralliant Corp is the larger business by last-quarter revenue ($529.1M vs $335.6M, roughly 1.6× Natural Grocers by Vitamin Cottage, Inc.). Ralliant Corp runs the higher net margin — 7.5% 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 -0.5%). Ralliant Corp produced more free cash flow last quarter ($126.6M vs $11.6M).
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.
NGVC vs RAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $529.1M |
| Net Profit | $11.3M | $39.9M |
| Gross Margin | 29.5% | 50.8% |
| Operating Margin | 4.4% | 9.8% |
| Net Margin | 3.4% | 7.5% |
| Revenue YoY | 1.6% | -0.5% |
| Net Profit YoY | 14.0% | -56.1% |
| EPS (diluted) | $0.49 | $0.35 |
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 | — | ||
| Q3 25 | $336.1M | $529.1M | ||
| Q2 25 | $328.7M | $503.3M | ||
| Q1 25 | $335.8M | — | ||
| Q4 24 | $330.2M | — | ||
| Q3 24 | $322.7M | $531.7M | ||
| Q2 24 | $309.1M | $533.7M | ||
| Q1 24 | $308.1M | — |
| Q4 25 | $11.3M | — | ||
| Q3 25 | $11.8M | $39.9M | ||
| Q2 25 | $11.6M | $47.6M | ||
| Q1 25 | $13.1M | — | ||
| Q4 24 | $9.9M | — | ||
| Q3 24 | $9.0M | $90.9M | ||
| Q2 24 | $9.2M | $64.8M | ||
| Q1 24 | $8.0M | — |
| Q4 25 | 29.5% | — | ||
| Q3 25 | 29.5% | 50.8% | ||
| Q2 25 | 29.9% | 49.3% | ||
| Q1 25 | 30.3% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 29.6% | 52.6% | ||
| Q2 24 | 29.2% | 51.5% | ||
| Q1 24 | 29.3% | — |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 4.6% | 9.8% | ||
| Q2 25 | 4.7% | 11.7% | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 3.7% | 20.9% | ||
| Q2 24 | 4.2% | 19.7% | ||
| Q1 24 | 3.7% | — |
| Q4 25 | 3.4% | — | ||
| Q3 25 | 3.5% | 7.5% | ||
| Q2 25 | 3.5% | 9.5% | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 2.8% | 17.1% | ||
| Q2 24 | 3.0% | 12.1% | ||
| Q1 24 | 2.6% | — |
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.51 | $0.35 | ||
| Q2 25 | $0.50 | $0.42 | ||
| Q1 25 | $0.56 | — | ||
| Q4 24 | $0.43 | — | ||
| Q3 24 | $0.38 | $0.81 | ||
| Q2 24 | $0.40 | $0.57 | ||
| 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 | $264.2M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $220.0M | $3.0B |
| Total Assets | $668.6M | $5.3B |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | — | ||
| Q3 25 | $17.1M | $264.2M | ||
| Q2 25 | $13.2M | $198.6M | ||
| Q1 25 | $21.2M | — | ||
| Q4 24 | $6.3M | — | ||
| Q3 24 | $8.9M | — | ||
| Q2 24 | $13.9M | — | ||
| Q1 24 | $11.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $220.0M | — | ||
| Q3 25 | $212.4M | $3.0B | ||
| Q2 25 | $202.5M | $3.0B | ||
| Q1 25 | $193.0M | — | ||
| Q4 24 | $181.9M | — | ||
| Q3 24 | $174.3M | $4.0B | ||
| Q2 24 | $167.8M | $4.0B | ||
| Q1 24 | $160.0M | — |
| Q4 25 | $668.6M | — | ||
| Q3 25 | $670.5M | $5.3B | ||
| Q2 25 | $659.0M | $5.2B | ||
| Q1 25 | $664.6M | — | ||
| Q4 24 | $648.9M | — | ||
| Q3 24 | $655.5M | — | ||
| Q2 24 | $654.4M | — | ||
| Q1 24 | $656.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.1M | $138.6M |
| Free Cash FlowOCF − Capex | $11.6M | $126.6M |
| FCF MarginFCF / Revenue | 3.4% | 23.9% |
| Capex IntensityCapex / Revenue | 2.9% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.86× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | — | ||
| Q3 25 | $15.6M | $138.6M | ||
| Q2 25 | $2.9M | — | ||
| Q1 25 | $34.1M | — | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $24.5M | — | ||
| Q2 24 | $12.4M | — | ||
| Q1 24 | $20.2M | — |
| Q4 25 | $11.6M | — | ||
| Q3 25 | $7.5M | $126.6M | ||
| Q2 25 | $-4.2M | — | ||
| Q1 25 | $27.6M | — | ||
| Q4 24 | $-6.9M | — | ||
| Q3 24 | $18.0M | — | ||
| Q2 24 | $3.6M | — | ||
| Q1 24 | $9.8M | — |
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.2% | 23.9% | ||
| Q2 25 | -1.3% | — | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | -2.1% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 3.2% | — |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.4% | 2.3% | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 1.86× | — | ||
| Q3 25 | 1.32× | 3.47× | ||
| 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% |
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
