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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and LiveRamp Holdings, Inc. (RAMP). 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 $212.2M, roughly 1.6× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 3.4%, a 15.4% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 1.6%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
NGVC vs RAMP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $212.2M |
| Net Profit | $11.3M | $39.9M |
| Gross Margin | 29.5% | 71.9% |
| Operating Margin | 4.4% | 18.6% |
| Net Margin | 3.4% | 18.8% |
| Revenue YoY | 1.6% | 8.6% |
| Net Profit YoY | 14.0% | 255.7% |
| EPS (diluted) | $0.49 | $0.62 |
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 | $212.2M | ||
| Q3 25 | $336.1M | $199.8M | ||
| Q2 25 | $328.7M | $194.8M | ||
| Q1 25 | $335.8M | $188.7M | ||
| Q4 24 | $330.2M | $195.4M | ||
| Q3 24 | $322.7M | $185.5M | ||
| Q2 24 | $309.1M | $176.0M | ||
| Q1 24 | $308.1M | $171.9M |
| Q4 25 | $11.3M | $39.9M | ||
| Q3 25 | $11.8M | $27.4M | ||
| Q2 25 | $11.6M | $7.7M | ||
| Q1 25 | $13.1M | $-6.3M | ||
| Q4 24 | $9.9M | $11.2M | ||
| Q3 24 | $9.0M | $1.7M | ||
| Q2 24 | $9.2M | $-7.5M | ||
| Q1 24 | $8.0M | $-5.4M |
| Q4 25 | 29.5% | 71.9% | ||
| Q3 25 | 29.5% | 70.2% | ||
| Q2 25 | 29.9% | 70.1% | ||
| Q1 25 | 30.3% | 69.3% | ||
| Q4 24 | 29.9% | 71.9% | ||
| Q3 24 | 29.6% | 72.4% | ||
| Q2 24 | 29.2% | 70.6% | ||
| Q1 24 | 29.3% | 72.2% |
| Q4 25 | 4.4% | 18.6% | ||
| Q3 25 | 4.6% | 10.7% | ||
| Q2 25 | 4.7% | 3.7% | ||
| Q1 25 | 5.2% | -6.1% | ||
| Q4 24 | 4.0% | 7.5% | ||
| Q3 24 | 3.7% | 4.0% | ||
| Q2 24 | 4.2% | -3.0% | ||
| Q1 24 | 3.7% | -8.3% |
| Q4 25 | 3.4% | 18.8% | ||
| Q3 25 | 3.5% | 13.7% | ||
| Q2 25 | 3.5% | 4.0% | ||
| Q1 25 | 3.9% | -3.3% | ||
| Q4 24 | 3.0% | 5.7% | ||
| Q3 24 | 2.8% | 0.9% | ||
| Q2 24 | 3.0% | -4.3% | ||
| Q1 24 | 2.6% | -3.1% |
| Q4 25 | $0.49 | $0.62 | ||
| Q3 25 | $0.51 | $0.42 | ||
| Q2 25 | $0.50 | $0.12 | ||
| Q1 25 | $0.56 | $-0.10 | ||
| Q4 24 | $0.43 | $0.17 | ||
| Q3 24 | $0.38 | $0.03 | ||
| Q2 24 | $0.40 | $-0.11 | ||
| Q1 24 | $0.35 | $-0.09 |
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 | $403.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $962.3M |
| Total Assets | $668.6M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | $403.4M | ||
| Q3 25 | $17.1M | $376.9M | ||
| Q2 25 | $13.2M | $371.1M | ||
| Q1 25 | $21.2M | $420.8M | ||
| Q4 24 | $6.3M | $384.3M | ||
| Q3 24 | $8.9M | $348.4M | ||
| Q2 24 | $13.9M | $342.7M | ||
| Q1 24 | $11.0M | $368.9M |
| Q4 25 | $220.0M | $962.3M | ||
| Q3 25 | $212.4M | $943.8M | ||
| Q2 25 | $202.5M | $947.8M | ||
| Q1 25 | $193.0M | $948.9M | ||
| Q4 24 | $181.9M | $957.7M | ||
| Q3 24 | $174.3M | $932.1M | ||
| Q2 24 | $167.8M | $951.9M | ||
| Q1 24 | $160.0M | $949.1M |
| Q4 25 | $668.6M | $1.3B | ||
| Q3 25 | $670.5M | $1.2B | ||
| Q2 25 | $659.0M | $1.2B | ||
| Q1 25 | $664.6M | $1.3B | ||
| Q4 24 | $648.9M | $1.3B | ||
| Q3 24 | $655.5M | $1.2B | ||
| Q2 24 | $654.4M | $1.2B | ||
| Q1 24 | $656.6M | $1.2B |
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% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | — | ||
| Q3 25 | $15.6M | $57.4M | ||
| Q2 25 | $2.9M | $-15.8M | ||
| Q1 25 | $34.1M | — | ||
| Q4 24 | $2.7M | $45.1M | ||
| Q3 24 | $24.5M | $55.6M | ||
| Q2 24 | $12.4M | $-9.3M | ||
| Q1 24 | $20.2M | — |
| Q4 25 | $11.6M | — | ||
| Q3 25 | $7.5M | $56.8M | ||
| Q2 25 | $-4.2M | $-16.2M | ||
| Q1 25 | $27.6M | — | ||
| Q4 24 | $-6.9M | $44.8M | ||
| Q3 24 | $18.0M | $55.4M | ||
| Q2 24 | $3.6M | $-9.6M | ||
| Q1 24 | $9.8M | — |
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.2% | 28.4% | ||
| Q2 25 | -1.3% | -8.3% | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | -2.1% | 22.9% | ||
| Q3 24 | 5.6% | 29.8% | ||
| Q2 24 | 1.2% | -5.4% | ||
| Q1 24 | 3.2% | — |
| Q4 25 | 2.9% | 0.1% | ||
| Q3 25 | 2.4% | 0.3% | ||
| Q2 25 | 2.2% | 0.2% | ||
| Q1 25 | 1.9% | 0.2% | ||
| Q4 24 | 2.9% | 0.1% | ||
| Q3 24 | 2.0% | 0.1% | ||
| Q2 24 | 2.9% | 0.1% | ||
| Q1 24 | 3.4% | 1.0% |
| Q4 25 | 1.86× | — | ||
| Q3 25 | 1.32× | 2.09× | ||
| Q2 25 | 0.25× | -2.04× | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 0.27× | 4.02× | ||
| Q3 24 | 2.72× | 32.10× | ||
| 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% |
RAMP
Segment breakdown not available.
