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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and Revolve Group, Inc. (RVLV). 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 $324.4M, roughly 1.0× Revolve Group, Inc.). Revolve Group, Inc. runs the higher net margin — 5.7% vs 3.4%, a 2.3% gap on every dollar of revenue. On growth, Revolve Group, Inc. posted the faster year-over-year revenue change (10.4% vs 1.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-13.3M). Over the past eight quarters, Revolve Group, Inc.'s revenue compounded faster (9.5% 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.

Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.

NGVC vs RVLV — Head-to-Head

Bigger by revenue
NGVC
NGVC
1.0× larger
NGVC
$335.6M
$324.4M
RVLV
Growing faster (revenue YoY)
RVLV
RVLV
+8.8% gap
RVLV
10.4%
1.6%
NGVC
Higher net margin
RVLV
RVLV
2.3% more per $
RVLV
5.7%
3.4%
NGVC
More free cash flow
NGVC
NGVC
$24.8M more FCF
NGVC
$11.6M
$-13.3M
RVLV
Faster 2-yr revenue CAGR
RVLV
RVLV
Annualised
RVLV
9.5%
4.4%
NGVC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NGVC
NGVC
RVLV
RVLV
Revenue
$335.6M
$324.4M
Net Profit
$11.3M
$18.6M
Gross Margin
29.5%
53.3%
Operating Margin
4.4%
6.3%
Net Margin
3.4%
5.7%
Revenue YoY
1.6%
10.4%
Net Profit YoY
14.0%
50.4%
EPS (diluted)
$0.49
$0.27

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
RVLV
RVLV
Q4 25
$335.6M
$324.4M
Q3 25
$336.1M
$295.6M
Q2 25
$328.7M
$309.0M
Q1 25
$335.8M
$296.7M
Q4 24
$330.2M
$293.7M
Q3 24
$322.7M
$283.1M
Q2 24
$309.1M
$282.5M
Q1 24
$308.1M
$270.6M
Net Profit
NGVC
NGVC
RVLV
RVLV
Q4 25
$11.3M
$18.6M
Q3 25
$11.8M
$21.2M
Q2 25
$11.6M
$10.2M
Q1 25
$13.1M
$11.8M
Q4 24
$9.9M
$12.3M
Q3 24
$9.0M
$11.0M
Q2 24
$9.2M
$15.4M
Q1 24
$8.0M
$10.9M
Gross Margin
NGVC
NGVC
RVLV
RVLV
Q4 25
29.5%
53.3%
Q3 25
29.5%
54.6%
Q2 25
29.9%
54.1%
Q1 25
30.3%
52.0%
Q4 24
29.9%
52.5%
Q3 24
29.6%
51.2%
Q2 24
29.2%
54.0%
Q1 24
29.3%
52.3%
Operating Margin
NGVC
NGVC
RVLV
RVLV
Q4 25
4.4%
6.3%
Q3 25
4.6%
7.1%
Q2 25
4.7%
5.8%
Q1 25
5.2%
5.0%
Q4 24
4.0%
3.9%
Q3 24
3.7%
5.0%
Q2 24
4.2%
5.8%
Q1 24
3.7%
3.4%
Net Margin
NGVC
NGVC
RVLV
RVLV
Q4 25
3.4%
5.7%
Q3 25
3.5%
7.2%
Q2 25
3.5%
3.3%
Q1 25
3.9%
4.0%
Q4 24
3.0%
4.2%
Q3 24
2.8%
3.9%
Q2 24
3.0%
5.4%
Q1 24
2.6%
4.0%
EPS (diluted)
NGVC
NGVC
RVLV
RVLV
Q4 25
$0.49
$0.27
Q3 25
$0.51
$0.29
Q2 25
$0.50
$0.14
Q1 25
$0.56
$0.16
Q4 24
$0.43
$0.18
Q3 24
$0.38
$0.15
Q2 24
$0.40
$0.21
Q1 24
$0.35
$0.15

Balance Sheet & Financial Strength

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

Metric
NGVC
NGVC
RVLV
RVLV
Cash + ST InvestmentsLiquidity on hand
$23.2M
$292.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$220.0M
$512.5M
Total Assets
$668.6M
$765.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVC
NGVC
RVLV
RVLV
Q4 25
$23.2M
$292.3M
Q3 25
$17.1M
$315.4M
Q2 25
$13.2M
$310.7M
Q1 25
$21.2M
$300.8M
Q4 24
$6.3M
$256.6M
Q3 24
$8.9M
$252.8M
Q2 24
$13.9M
$244.7M
Q1 24
$11.0M
$273.4M
Stockholders' Equity
NGVC
NGVC
RVLV
RVLV
Q4 25
$220.0M
$512.5M
Q3 25
$212.4M
$490.2M
Q2 25
$202.5M
$468.6M
Q1 25
$193.0M
$453.4M
Q4 24
$181.9M
$437.8M
Q3 24
$174.3M
$420.8M
Q2 24
$167.8M
$405.8M
Q1 24
$160.0M
$389.9M
Total Assets
NGVC
NGVC
RVLV
RVLV
Q4 25
$668.6M
$765.0M
Q3 25
$670.5M
$751.3M
Q2 25
$659.0M
$722.9M
Q1 25
$664.6M
$713.9M
Q4 24
$648.9M
$665.5M
Q3 24
$655.5M
$670.9M
Q2 24
$654.4M
$657.8M
Q1 24
$656.6M
$650.0M

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
RVLV
RVLV
Operating Cash FlowLast quarter
$21.1M
$-10.2M
Free Cash FlowOCF − Capex
$11.6M
$-13.3M
FCF MarginFCF / Revenue
3.4%
-4.1%
Capex IntensityCapex / Revenue
2.9%
1.0%
Cash ConversionOCF / Net Profit
1.86×
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$42.6M
$48.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGVC
NGVC
RVLV
RVLV
Q4 25
$21.1M
$-10.2M
Q3 25
$15.6M
$11.8M
Q2 25
$2.9M
$12.6M
Q1 25
$34.1M
$45.1M
Q4 24
$2.7M
$3.9M
Q3 24
$24.5M
$9.1M
Q2 24
$12.4M
$-24.7M
Q1 24
$20.2M
$38.4M
Free Cash Flow
NGVC
NGVC
RVLV
RVLV
Q4 25
$11.6M
$-13.3M
Q3 25
$7.5M
$7.5M
Q2 25
$-4.2M
$10.4M
Q1 25
$27.6M
$43.4M
Q4 24
$-6.9M
$2.1M
Q3 24
$18.0M
$8.0M
Q2 24
$3.6M
$-25.7M
Q1 24
$9.8M
$36.7M
FCF Margin
NGVC
NGVC
RVLV
RVLV
Q4 25
3.4%
-4.1%
Q3 25
2.2%
2.5%
Q2 25
-1.3%
3.4%
Q1 25
8.2%
14.6%
Q4 24
-2.1%
0.7%
Q3 24
5.6%
2.8%
Q2 24
1.2%
-9.1%
Q1 24
3.2%
13.5%
Capex Intensity
NGVC
NGVC
RVLV
RVLV
Q4 25
2.9%
1.0%
Q3 25
2.4%
1.5%
Q2 25
2.2%
0.7%
Q1 25
1.9%
0.6%
Q4 24
2.9%
0.6%
Q3 24
2.0%
0.4%
Q2 24
2.9%
0.4%
Q1 24
3.4%
0.6%
Cash Conversion
NGVC
NGVC
RVLV
RVLV
Q4 25
1.86×
-0.55×
Q3 25
1.32×
0.56×
Q2 25
0.25×
1.24×
Q1 25
2.60×
3.82×
Q4 24
0.27×
0.32×
Q3 24
2.72×
0.83×
Q2 24
1.35×
-1.60×
Q1 24
2.54×
3.53×

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%

RVLV
RVLV

Fashion Apparel$155.1M48%
Dresses$76.4M24%
Handbags Shoes And Accessories$67.6M21%
Beauty$20.3M6%
Manufactured Product Other$5.0M2%
Breakage On Store Credit And Gift Cards$900.0K0%

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