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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and RADIAN GROUP INC (RDN). 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 $300.5M, roughly 1.1× RADIAN GROUP INC). RADIAN GROUP INC runs the higher net margin — 51.5% vs 3.4%, a 48.1% gap on every dollar of revenue. On growth, RADIAN GROUP INC posted the faster year-over-year revenue change (2.7% vs 1.6%). RADIAN GROUP INC produced more free cash flow last quarter ($115.7M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -0.2%).
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.
Radian Group Inc. is a mortgage insurance company with a suite of mortgage, risk, real estate, and title services.
NGVC vs RDN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $300.5M |
| Net Profit | $11.3M | $154.8M |
| Gross Margin | 29.5% | — |
| Operating Margin | 4.4% | 76.2% |
| Net Margin | 3.4% | 51.5% |
| Revenue YoY | 1.6% | 2.7% |
| Net Profit YoY | 14.0% | 4.4% |
| EPS (diluted) | $0.49 | $1.11 |
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 | $300.5M | ||
| Q3 25 | $336.1M | $303.2M | ||
| Q2 25 | $328.7M | $298.6M | ||
| Q1 25 | $335.8M | $294.8M | ||
| Q4 24 | $330.2M | $292.7M | ||
| Q3 24 | $322.7M | $313.4M | ||
| Q2 24 | $309.1M | $298.6M | ||
| Q1 24 | $308.1M | $301.7M |
| Q4 25 | $11.3M | $154.8M | ||
| Q3 25 | $11.8M | $141.4M | ||
| Q2 25 | $11.6M | $141.8M | ||
| Q1 25 | $13.1M | $144.6M | ||
| Q4 24 | $9.9M | $148.3M | ||
| Q3 24 | $9.0M | $151.9M | ||
| Q2 24 | $9.2M | $151.9M | ||
| Q1 24 | $8.0M | $152.4M |
| Q4 25 | 29.5% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 29.9% | 97.2% | ||
| Q1 25 | 30.3% | 97.0% | ||
| Q4 24 | 29.9% | 96.6% | ||
| Q3 24 | 29.6% | 97.0% | ||
| Q2 24 | 29.2% | 96.8% | ||
| Q1 24 | 29.3% | 96.9% |
| Q4 25 | 4.4% | 76.2% | ||
| Q3 25 | 4.6% | 65.5% | ||
| Q2 25 | 4.7% | 58.6% | ||
| Q1 25 | 5.2% | 63.9% | ||
| Q4 24 | 4.0% | 83.6% | ||
| Q3 24 | 3.7% | 68.4% | ||
| Q2 24 | 4.2% | 63.0% | ||
| Q1 24 | 3.7% | 65.8% |
| Q4 25 | 3.4% | 51.5% | ||
| Q3 25 | 3.5% | 46.7% | ||
| Q2 25 | 3.5% | 47.5% | ||
| Q1 25 | 3.9% | 49.0% | ||
| Q4 24 | 3.0% | 50.7% | ||
| Q3 24 | 2.8% | 48.5% | ||
| Q2 24 | 3.0% | 50.9% | ||
| Q1 24 | 2.6% | 50.5% |
| Q4 25 | $0.49 | $1.11 | ||
| Q3 25 | $0.51 | $1.03 | ||
| Q2 25 | $0.50 | $1.02 | ||
| Q1 25 | $0.56 | $0.98 | ||
| Q4 24 | $0.43 | $0.97 | ||
| Q3 24 | $0.38 | $0.99 | ||
| Q2 24 | $0.40 | $0.98 | ||
| Q1 24 | $0.35 | $0.98 |
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 | $24.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $4.8B |
| Total Assets | $668.6M | $8.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | $24.8M | ||
| Q3 25 | $17.1M | $15.3M | ||
| Q2 25 | $13.2M | $22.1M | ||
| Q1 25 | $21.2M | $24.2M | ||
| Q4 24 | $6.3M | $19.2M | ||
| Q3 24 | $8.9M | $28.1M | ||
| Q2 24 | $13.9M | $13.8M | ||
| Q1 24 | $11.0M | $27.0M |
| Q4 25 | $220.0M | $4.8B | ||
| Q3 25 | $212.4M | $4.7B | ||
| Q2 25 | $202.5M | $4.5B | ||
| Q1 25 | $193.0M | $4.6B | ||
| Q4 24 | $181.9M | $4.6B | ||
| Q3 24 | $174.3M | $4.7B | ||
| Q2 24 | $167.8M | $4.5B | ||
| Q1 24 | $160.0M | $4.4B |
| Q4 25 | $668.6M | $8.1B | ||
| Q3 25 | $670.5M | $8.2B | ||
| Q2 25 | $659.0M | $9.6B | ||
| Q1 25 | $664.6M | $8.8B | ||
| Q4 24 | $648.9M | $8.7B | ||
| Q3 24 | $655.5M | $8.4B | ||
| Q2 24 | $654.4M | $8.1B | ||
| Q1 24 | $656.6M | $7.8B |
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 | $119.9M |
| Free Cash FlowOCF − Capex | $11.6M | $115.7M |
| FCF MarginFCF / Revenue | 3.4% | 38.5% |
| Capex IntensityCapex / Revenue | 2.9% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.86× | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $-174.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $119.9M | ||
| Q3 25 | $15.6M | $358.4M | ||
| Q2 25 | $2.9M | $-713.3M | ||
| Q1 25 | $34.1M | $67.8M | ||
| Q4 24 | $2.7M | $-663.6M | ||
| Q3 24 | $24.5M | $-237.9M | ||
| Q2 24 | $12.4M | $-207.3M | ||
| Q1 24 | $20.2M | $51.0M |
| Q4 25 | $11.6M | $115.7M | ||
| Q3 25 | $7.5M | $357.6M | ||
| Q2 25 | $-4.2M | $-714.6M | ||
| Q1 25 | $27.6M | $66.6M | ||
| Q4 24 | $-6.9M | $-665.1M | ||
| Q3 24 | $18.0M | $-239.2M | ||
| Q2 24 | $3.6M | $-208.3M | ||
| Q1 24 | $9.8M | $49.5M |
| Q4 25 | 3.4% | 38.5% | ||
| Q3 25 | 2.2% | 117.9% | ||
| Q2 25 | -1.3% | -239.4% | ||
| Q1 25 | 8.2% | 22.6% | ||
| Q4 24 | -2.1% | -227.3% | ||
| Q3 24 | 5.6% | -76.3% | ||
| Q2 24 | 1.2% | -69.8% | ||
| Q1 24 | 3.2% | 16.4% |
| Q4 25 | 2.9% | 1.4% | ||
| Q3 25 | 2.4% | 0.3% | ||
| Q2 25 | 2.2% | 0.4% | ||
| Q1 25 | 1.9% | 0.4% | ||
| Q4 24 | 2.9% | 0.5% | ||
| Q3 24 | 2.0% | 0.4% | ||
| Q2 24 | 2.9% | 0.4% | ||
| Q1 24 | 3.4% | 0.5% |
| Q4 25 | 1.86× | 0.77× | ||
| Q3 25 | 1.32× | 2.53× | ||
| Q2 25 | 0.25× | -5.03× | ||
| Q1 25 | 2.60× | 0.47× | ||
| Q4 24 | 0.27× | -4.47× | ||
| Q3 24 | 2.72× | -1.57× | ||
| Q2 24 | 1.35× | -1.36× | ||
| Q1 24 | 2.54× | 0.34× |
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% |
RDN
Segment breakdown not available.
