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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and SFL Corp Ltd. (SFL). Click either name above to swap in a different company.

SFL Corp Ltd. is the larger business by last-quarter revenue ($353.7M vs $335.6M, roughly 1.1× Natural Grocers by Vitamin Cottage, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs 1.1%, a 2.3% 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 -27.0%).

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.

SFL Corp Ltd is a global maritime transportation and vessel owning enterprise with a diversified fleet including container ships, oil tankers, dry bulk carriers and offshore support vessels. It serves international logistics, energy and bulk commodity sectors, offering long-term and spot charter services to clients across major global trade routes.

NGVC vs SFL — Head-to-Head

Bigger by revenue
SFL
SFL
1.1× larger
SFL
$353.7M
$335.6M
NGVC
Growing faster (revenue YoY)
NGVC
NGVC
+28.6% gap
NGVC
1.6%
-27.0%
SFL
Higher net margin
NGVC
NGVC
2.3% more per $
NGVC
3.4%
1.1%
SFL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NGVC
NGVC
SFL
SFL
Revenue
$335.6M
$353.7M
Net Profit
$11.3M
$4.0M
Gross Margin
29.5%
Operating Margin
4.4%
22.8%
Net Margin
3.4%
1.1%
Revenue YoY
1.6%
-27.0%
Net Profit YoY
14.0%
-93.9%
EPS (diluted)
$0.49
$0.03

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
SFL
SFL
Q4 25
$335.6M
$353.7M
Q3 25
$336.1M
Q2 25
$328.7M
Q1 25
$335.8M
Q4 24
$330.2M
$484.4M
Q3 24
$322.7M
Q2 24
$309.1M
Q1 24
$308.1M
Net Profit
NGVC
NGVC
SFL
SFL
Q4 25
$11.3M
$4.0M
Q3 25
$11.8M
Q2 25
$11.6M
Q1 25
$13.1M
Q4 24
$9.9M
$64.7M
Q3 24
$9.0M
Q2 24
$9.2M
Q1 24
$8.0M
Gross Margin
NGVC
NGVC
SFL
SFL
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%
Operating Margin
NGVC
NGVC
SFL
SFL
Q4 25
4.4%
22.8%
Q3 25
4.6%
Q2 25
4.7%
Q1 25
5.2%
Q4 24
4.0%
32.8%
Q3 24
3.7%
Q2 24
4.2%
Q1 24
3.7%
Net Margin
NGVC
NGVC
SFL
SFL
Q4 25
3.4%
1.1%
Q3 25
3.5%
Q2 25
3.5%
Q1 25
3.9%
Q4 24
3.0%
13.4%
Q3 24
2.8%
Q2 24
3.0%
Q1 24
2.6%
EPS (diluted)
NGVC
NGVC
SFL
SFL
Q4 25
$0.49
$0.03
Q3 25
$0.51
Q2 25
$0.50
Q1 25
$0.56
Q4 24
$0.43
$0.49
Q3 24
$0.38
Q2 24
$0.40
Q1 24
$0.35

Balance Sheet & Financial Strength

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

Metric
NGVC
NGVC
SFL
SFL
Cash + ST InvestmentsLiquidity on hand
$23.2M
$150.8M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$220.0M
$960.9M
Total Assets
$668.6M
$3.6B
Debt / EquityLower = less leverage
2.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVC
NGVC
SFL
SFL
Q4 25
$23.2M
$150.8M
Q3 25
$17.1M
Q2 25
$13.2M
Q1 25
$21.2M
Q4 24
$6.3M
$134.6M
Q3 24
$8.9M
Q2 24
$13.9M
Q1 24
$11.0M
Total Debt
NGVC
NGVC
SFL
SFL
Q4 25
$2.6B
Q3 25
Q2 25
Q1 25
Q4 24
$2.9B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NGVC
NGVC
SFL
SFL
Q4 25
$220.0M
$960.9M
Q3 25
$212.4M
Q2 25
$202.5M
Q1 25
$193.0M
Q4 24
$181.9M
$1.1B
Q3 24
$174.3M
Q2 24
$167.8M
Q1 24
$160.0M
Total Assets
NGVC
NGVC
SFL
SFL
Q4 25
$668.6M
$3.6B
Q3 25
$670.5M
Q2 25
$659.0M
Q1 25
$664.6M
Q4 24
$648.9M
$4.1B
Q3 24
$655.5M
Q2 24
$654.4M
Q1 24
$656.6M
Debt / Equity
NGVC
NGVC
SFL
SFL
Q4 25
2.69×
Q3 25
Q2 25
Q1 25
Q4 24
2.54×
Q3 24
Q2 24
Q1 24

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
SFL
SFL
Operating Cash FlowLast quarter
$21.1M
$118.4M
Free Cash FlowOCF − Capex
$11.6M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
1.86×
29.75×
TTM Free Cash FlowTrailing 4 quarters
$42.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGVC
NGVC
SFL
SFL
Q4 25
$21.1M
$118.4M
Q3 25
$15.6M
Q2 25
$2.9M
Q1 25
$34.1M
Q4 24
$2.7M
$182.4M
Q3 24
$24.5M
Q2 24
$12.4M
Q1 24
$20.2M
Free Cash Flow
NGVC
NGVC
SFL
SFL
Q4 25
$11.6M
Q3 25
$7.5M
Q2 25
$-4.2M
Q1 25
$27.6M
Q4 24
$-6.9M
Q3 24
$18.0M
Q2 24
$3.6M
Q1 24
$9.8M
FCF Margin
NGVC
NGVC
SFL
SFL
Q4 25
3.4%
Q3 25
2.2%
Q2 25
-1.3%
Q1 25
8.2%
Q4 24
-2.1%
Q3 24
5.6%
Q2 24
1.2%
Q1 24
3.2%
Capex Intensity
NGVC
NGVC
SFL
SFL
Q4 25
2.9%
Q3 25
2.4%
Q2 25
2.2%
Q1 25
1.9%
Q4 24
2.9%
Q3 24
2.0%
Q2 24
2.9%
Q1 24
3.4%
Cash Conversion
NGVC
NGVC
SFL
SFL
Q4 25
1.86×
29.75×
Q3 25
1.32×
Q2 25
0.25×
Q1 25
2.60×
Q4 24
0.27×
2.82×
Q3 24
2.72×
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
NGVC

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

SFL
SFL

Segment breakdown not available.

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