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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and Rexford Industrial Realty, Inc. (REXR). 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 $245.1M, roughly 1.4× Rexford Industrial Realty, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs 0.5%, a 2.9% 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 -2.9%). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs 1.6%).

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.

Genpact Ltd. is an American information technology services, consulting, and outsourcing company headquartered in New York City, New York. Founded in Gurgaon, India, and legally domiciled in Bermuda, Genpact employs more than 125,000 people and provides services to clients in over 30 countries worldwide. Genpact is listed on the NYSE and generated revenues of US$4.48 billion in 2023.

NGVC vs REXR — Head-to-Head

Bigger by revenue
NGVC
NGVC
1.4× larger
NGVC
$335.6M
$245.1M
REXR
Growing faster (revenue YoY)
NGVC
NGVC
+4.5% gap
NGVC
1.6%
-2.9%
REXR
Higher net margin
NGVC
NGVC
2.9% more per $
NGVC
3.4%
0.5%
REXR
Faster 2-yr revenue CAGR
NGVC
NGVC
Annualised
NGVC
4.4%
1.6%
REXR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NGVC
NGVC
REXR
REXR
Revenue
$335.6M
$245.1M
Net Profit
$11.3M
$1.2M
Gross Margin
29.5%
Operating Margin
4.4%
41.0%
Net Margin
3.4%
0.5%
Revenue YoY
1.6%
-2.9%
Net Profit YoY
14.0%
27.7%
EPS (diluted)
$0.49
$0.38

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.

Revenue
NGVC
NGVC
REXR
REXR
Q1 26
$245.1M
Q4 25
$335.6M
$248.1M
Q3 25
$336.1M
$253.2M
Q2 25
$328.7M
$249.5M
Q1 25
$335.8M
$252.3M
Q4 24
$330.2M
$242.9M
Q3 24
$322.7M
$241.8M
Q2 24
$309.1M
$237.6M
Net Profit
NGVC
NGVC
REXR
REXR
Q1 26
$1.2M
Q4 25
$11.3M
Q3 25
$11.8M
$89.9M
Q2 25
$11.6M
$116.3M
Q1 25
$13.1M
$71.2M
Q4 24
$9.9M
$64.9M
Q3 24
$9.0M
$67.8M
Q2 24
$9.2M
$82.5M
Gross Margin
NGVC
NGVC
REXR
REXR
Q1 26
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%
Operating Margin
NGVC
NGVC
REXR
REXR
Q1 26
41.0%
Q4 25
4.4%
Q3 25
4.6%
Q2 25
4.7%
Q1 25
5.2%
Q4 24
4.0%
Q3 24
3.7%
Q2 24
4.2%
Net Margin
NGVC
NGVC
REXR
REXR
Q1 26
0.5%
Q4 25
3.4%
Q3 25
3.5%
35.5%
Q2 25
3.5%
46.6%
Q1 25
3.9%
28.2%
Q4 24
3.0%
26.7%
Q3 24
2.8%
28.0%
Q2 24
3.0%
34.7%
EPS (diluted)
NGVC
NGVC
REXR
REXR
Q1 26
$0.38
Q4 25
$0.49
Q3 25
$0.51
$0.37
Q2 25
$0.50
$0.48
Q1 25
$0.56
$0.30
Q4 24
$0.43
$0.26
Q3 24
$0.38
$0.30
Q2 24
$0.40
$0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NGVC
NGVC
REXR
REXR
Cash + ST InvestmentsLiquidity on hand
$23.2M
$51.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$220.0M
$8.3B
Total Assets
$668.6M
$12.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVC
NGVC
REXR
REXR
Q1 26
$51.7M
Q4 25
$23.2M
$165.8M
Q3 25
$17.1M
$249.0M
Q2 25
$13.2M
$431.1M
Q1 25
$21.2M
$504.6M
Q4 24
$6.3M
$56.0M
Q3 24
$8.9M
$61.8M
Q2 24
$13.9M
$125.7M
Total Debt
NGVC
NGVC
REXR
REXR
Q1 26
Q4 25
$3.3B
Q3 25
$3.2B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$3.4B
Q2 24
$3.3B
Stockholders' Equity
NGVC
NGVC
REXR
REXR
Q1 26
$8.3B
Q4 25
$220.0M
$8.5B
Q3 25
$212.4M
$8.7B
Q2 25
$202.5M
$8.8B
Q1 25
$193.0M
$8.8B
Q4 24
$181.9M
$8.3B
Q3 24
$174.3M
$8.1B
Q2 24
$167.8M
$8.0B
Total Assets
NGVC
NGVC
REXR
REXR
Q1 26
$12.4B
Q4 25
$668.6M
$12.6B
Q3 25
$670.5M
$12.9B
Q2 25
$659.0M
$13.1B
Q1 25
$664.6M
$13.1B
Q4 24
$648.9M
$12.6B
Q3 24
$655.5M
$12.4B
Q2 24
$654.4M
$12.4B
Debt / Equity
NGVC
NGVC
REXR
REXR
Q1 26
Q4 25
0.38×
Q3 25
0.37×
Q2 25
0.38×
Q1 25
0.38×
Q4 24
0.40×
Q3 24
0.42×
Q2 24
0.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NGVC
NGVC
REXR
REXR
Operating Cash FlowLast quarter
$21.1M
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
1.86×
TTM Free Cash FlowTrailing 4 quarters
$42.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGVC
NGVC
REXR
REXR
Q1 26
Q4 25
$21.1M
$542.1M
Q3 25
$15.6M
$149.6M
Q2 25
$2.9M
$128.2M
Q1 25
$34.1M
$152.6M
Q4 24
$2.7M
$478.9M
Q3 24
$24.5M
$127.2M
Q2 24
$12.4M
$101.7M
Free Cash Flow
NGVC
NGVC
REXR
REXR
Q1 26
Q4 25
$11.6M
$208.7M
Q3 25
$7.5M
$60.5M
Q2 25
$-4.2M
$45.0M
Q1 25
$27.6M
$73.4M
Q4 24
$-6.9M
$105.5M
Q3 24
$18.0M
$7.2M
Q2 24
$3.6M
$16.5M
FCF Margin
NGVC
NGVC
REXR
REXR
Q1 26
Q4 25
3.4%
84.1%
Q3 25
2.2%
23.9%
Q2 25
-1.3%
18.0%
Q1 25
8.2%
29.1%
Q4 24
-2.1%
43.4%
Q3 24
5.6%
3.0%
Q2 24
1.2%
7.0%
Capex Intensity
NGVC
NGVC
REXR
REXR
Q1 26
Q4 25
2.9%
134.4%
Q3 25
2.4%
35.2%
Q2 25
2.2%
33.3%
Q1 25
1.9%
31.4%
Q4 24
2.9%
153.7%
Q3 24
2.0%
49.6%
Q2 24
2.9%
35.8%
Cash Conversion
NGVC
NGVC
REXR
REXR
Q1 26
Q4 25
1.86×
Q3 25
1.32×
1.66×
Q2 25
0.25×
1.10×
Q1 25
2.60×
2.14×
Q4 24
0.27×
7.38×
Q3 24
2.72×
1.88×
Q2 24
1.35×
1.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NGVC
NGVC

Grocery$243.8M73%
Dietary Supplements$60.7M18%
Manufactured Product Other$31.0M9%

REXR
REXR

Segment breakdown not available.

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