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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and RADIANT LOGISTICS, INC (RLGT). 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 $232.1M, roughly 1.4× RADIANT LOGISTICS, INC). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs 2.3%, a 1.1% 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 -12.3%). RADIANT LOGISTICS, INC produced more free cash flow last quarter ($11.6M vs $11.6M). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
NGVC vs RLGT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $232.1M |
| Net Profit | $11.3M | $5.3M |
| Gross Margin | 29.5% | — |
| Operating Margin | 4.4% | 3.2% |
| Net Margin | 3.4% | 2.3% |
| Revenue YoY | 1.6% | -12.3% |
| Net Profit YoY | 14.0% | -18.0% |
| EPS (diluted) | $0.49 | $0.11 |
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 | $232.1M | ||
| Q3 25 | $336.1M | $226.7M | ||
| Q2 25 | $328.7M | $220.6M | ||
| Q1 25 | $335.8M | $214.0M | ||
| Q4 24 | $330.2M | $264.5M | ||
| Q3 24 | $322.7M | $203.6M | ||
| Q2 24 | $309.1M | $206.0M | ||
| Q1 24 | $308.1M | $184.6M |
| Q4 25 | $11.3M | $5.3M | ||
| Q3 25 | $11.8M | $1.3M | ||
| Q2 25 | $11.6M | $4.9M | ||
| Q1 25 | $13.1M | $2.5M | ||
| Q4 24 | $9.9M | $6.5M | ||
| Q3 24 | $9.0M | $3.4M | ||
| Q2 24 | $9.2M | $4.8M | ||
| Q1 24 | $8.0M | $-703.0K |
| 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% | 3.2% | ||
| Q3 25 | 4.6% | 0.9% | ||
| Q2 25 | 4.7% | 2.4% | ||
| Q1 25 | 5.2% | 1.6% | ||
| Q4 24 | 4.0% | 3.3% | ||
| Q3 24 | 3.7% | 1.9% | ||
| Q2 24 | 4.2% | 2.4% | ||
| Q1 24 | 3.7% | -0.5% |
| Q4 25 | 3.4% | 2.3% | ||
| Q3 25 | 3.5% | 0.6% | ||
| Q2 25 | 3.5% | 2.2% | ||
| Q1 25 | 3.9% | 1.2% | ||
| Q4 24 | 3.0% | 2.4% | ||
| Q3 24 | 2.8% | 1.7% | ||
| Q2 24 | 3.0% | 2.3% | ||
| Q1 24 | 2.6% | -0.4% |
| Q4 25 | $0.49 | $0.11 | ||
| Q3 25 | $0.51 | $0.03 | ||
| Q2 25 | $0.50 | $0.10 | ||
| Q1 25 | $0.56 | $0.05 | ||
| Q4 24 | $0.43 | $0.13 | ||
| Q3 24 | $0.38 | $0.07 | ||
| Q2 24 | $0.40 | $0.11 | ||
| Q1 24 | $0.35 | $-0.02 |
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 | $31.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $229.8M |
| Total Assets | $668.6M | $439.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | $31.9M | ||
| Q3 25 | $17.1M | $28.1M | ||
| Q2 25 | $13.2M | $22.9M | ||
| Q1 25 | $21.2M | $19.0M | ||
| Q4 24 | $6.3M | $19.9M | ||
| Q3 24 | $8.9M | $10.4M | ||
| Q2 24 | $13.9M | $24.9M | ||
| Q1 24 | $11.0M | $31.2M |
| Q4 25 | $220.0M | $229.8M | ||
| Q3 25 | $212.4M | $225.7M | ||
| Q2 25 | $202.5M | $226.0M | ||
| Q1 25 | $193.0M | $218.2M | ||
| Q4 24 | $181.9M | $214.4M | ||
| Q3 24 | $174.3M | $212.4M | ||
| Q2 24 | $167.8M | $209.4M | ||
| Q1 24 | $160.0M | $206.0M |
| Q4 25 | $668.6M | $439.4M | ||
| Q3 25 | $670.5M | $445.3M | ||
| Q2 25 | $659.0M | $426.8M | ||
| Q1 25 | $664.6M | $414.5M | ||
| Q4 24 | $648.9M | $386.8M | ||
| Q3 24 | $655.5M | $375.3M | ||
| Q2 24 | $654.4M | $371.2M | ||
| Q1 24 | $656.6M | $364.0M |
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 | $12.4M |
| Free Cash FlowOCF − Capex | $11.6M | $11.6M |
| FCF MarginFCF / Revenue | 3.4% | 5.0% |
| Capex IntensityCapex / Revenue | 2.9% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.86× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $12.4M | ||
| Q3 25 | $15.6M | $2.5M | ||
| Q2 25 | $2.9M | $3.1M | ||
| Q1 25 | $34.1M | $-5.7M | ||
| Q4 24 | $2.7M | $15.7M | ||
| Q3 24 | $24.5M | $205.0K | ||
| Q2 24 | $12.4M | $1.3M | ||
| Q1 24 | $20.2M | $3.9M |
| Q4 25 | $11.6M | $11.6M | ||
| Q3 25 | $7.5M | $977.0K | ||
| Q2 25 | $-4.2M | $2.2M | ||
| Q1 25 | $27.6M | $-6.4M | ||
| Q4 24 | $-6.9M | $14.1M | ||
| Q3 24 | $18.0M | $-1.9M | ||
| Q2 24 | $3.6M | $-185.0K | ||
| Q1 24 | $9.8M | $1.8M |
| Q4 25 | 3.4% | 5.0% | ||
| Q3 25 | 2.2% | 0.4% | ||
| Q2 25 | -1.3% | 1.0% | ||
| Q1 25 | 8.2% | -3.0% | ||
| Q4 24 | -2.1% | 5.3% | ||
| Q3 24 | 5.6% | -0.9% | ||
| Q2 24 | 1.2% | -0.1% | ||
| Q1 24 | 3.2% | 1.0% |
| Q4 25 | 2.9% | 0.3% | ||
| Q3 25 | 2.4% | 0.7% | ||
| Q2 25 | 2.2% | 0.4% | ||
| Q1 25 | 1.9% | 0.3% | ||
| Q4 24 | 2.9% | 0.6% | ||
| Q3 24 | 2.0% | 1.0% | ||
| Q2 24 | 2.9% | 0.7% | ||
| Q1 24 | 3.4% | 1.2% |
| Q4 25 | 1.86× | 2.33× | ||
| Q3 25 | 1.32× | 1.90× | ||
| Q2 25 | 0.25× | 0.63× | ||
| Q1 25 | 2.60× | -2.26× | ||
| Q4 24 | 0.27× | 2.43× | ||
| Q3 24 | 2.72× | 0.06× | ||
| Q2 24 | 1.35× | 0.26× | ||
| 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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
