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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and Champion Homes, Inc. (SKY). Click either name above to swap in a different company.
Champion Homes, Inc. is the larger business by last-quarter revenue ($656.6M vs $335.6M, roughly 2.0× Natural Grocers by Vitamin Cottage, Inc.). Champion Homes, Inc. runs the higher net margin — 8.3% vs 3.4%, a 4.9% gap on every dollar of revenue. On growth, Champion Homes, Inc. posted the faster year-over-year revenue change (1.8% vs 1.6%). Champion Homes, Inc. produced more free cash flow last quarter ($92.9M vs $11.6M). Over the past eight quarters, Champion Homes, Inc.'s revenue compounded faster (10.6% 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.
Champion Homes, Inc., is a mobile and modular home manufacturing company. It is one of the largest modular homebuilders in North America. The company also provides factory-built housing to the United States and western Canada.
NGVC vs SKY — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $656.6M |
| Net Profit | $11.3M | $54.3M |
| Gross Margin | 29.5% | 26.2% |
| Operating Margin | 4.4% | 9.5% |
| Net Margin | 3.4% | 8.3% |
| Revenue YoY | 1.6% | 1.8% |
| Net Profit YoY | 14.0% | -11.7% |
| EPS (diluted) | $0.49 | $0.97 |
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 | $656.6M | ||
| Q3 25 | $336.1M | $684.4M | ||
| Q2 25 | $328.7M | $701.3M | ||
| Q1 25 | $335.8M | $593.9M | ||
| Q4 24 | $330.2M | $644.9M | ||
| Q3 24 | $322.7M | $616.9M | ||
| Q2 24 | $309.1M | $627.8M | ||
| Q1 24 | $308.1M | $536.4M |
| Q4 25 | $11.3M | $54.3M | ||
| Q3 25 | $11.8M | $58.2M | ||
| Q2 25 | $11.6M | $64.7M | ||
| Q1 25 | $13.1M | $36.3M | ||
| Q4 24 | $9.9M | $61.5M | ||
| Q3 24 | $9.0M | $54.7M | ||
| Q2 24 | $9.2M | $45.8M | ||
| Q1 24 | $8.0M | $2.8M |
| Q4 25 | 29.5% | 26.2% | ||
| Q3 25 | 29.5% | 27.5% | ||
| Q2 25 | 29.9% | 27.1% | ||
| Q1 25 | 30.3% | 25.7% | ||
| Q4 24 | 29.9% | 28.1% | ||
| Q3 24 | 29.6% | 27.0% | ||
| Q2 24 | 29.2% | 26.2% | ||
| Q1 24 | 29.3% | 18.3% |
| Q4 25 | 4.4% | 9.5% | ||
| Q3 25 | 4.6% | 10.9% | ||
| Q2 25 | 4.7% | 11.2% | ||
| Q1 25 | 5.2% | 7.1% | ||
| Q4 24 | 4.0% | 11.3% | ||
| Q3 24 | 3.7% | 10.8% | ||
| Q2 24 | 4.2% | 8.8% | ||
| Q1 24 | 3.7% | 1.4% |
| Q4 25 | 3.4% | 8.3% | ||
| Q3 25 | 3.5% | 8.5% | ||
| Q2 25 | 3.5% | 9.2% | ||
| Q1 25 | 3.9% | 6.1% | ||
| Q4 24 | 3.0% | 9.5% | ||
| Q3 24 | 2.8% | 8.9% | ||
| Q2 24 | 3.0% | 7.3% | ||
| Q1 24 | 2.6% | 0.5% |
| Q4 25 | $0.49 | $0.97 | ||
| Q3 25 | $0.51 | $1.03 | ||
| Q2 25 | $0.50 | $1.13 | ||
| Q1 25 | $0.56 | $0.63 | ||
| Q4 24 | $0.43 | $1.06 | ||
| Q3 24 | $0.38 | $0.94 | ||
| Q2 24 | $0.40 | $0.79 | ||
| Q1 24 | $0.35 | $0.04 |
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 | $659.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $1.6B |
| Total Assets | $668.6M | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | $659.8M | ||
| Q3 25 | $17.1M | $618.7M | ||
| Q2 25 | $13.2M | $605.3M | ||
| Q1 25 | $21.2M | $610.3M | ||
| Q4 24 | $6.3M | $581.8M | ||
| Q3 24 | $8.9M | $570.2M | ||
| Q2 24 | $13.9M | $548.9M | ||
| Q1 24 | $11.0M | $495.1M |
| Q4 25 | $220.0M | $1.6B | ||
| Q3 25 | $212.4M | $1.6B | ||
| Q2 25 | $202.5M | $1.6B | ||
| Q1 25 | $193.0M | $1.5B | ||
| Q4 24 | $181.9M | $1.5B | ||
| Q3 24 | $174.3M | $1.5B | ||
| Q2 24 | $167.8M | $1.5B | ||
| Q1 24 | $160.0M | $1.4B |
| Q4 25 | $668.6M | $2.1B | ||
| Q3 25 | $670.5M | $2.1B | ||
| Q2 25 | $659.0M | $2.1B | ||
| Q1 25 | $664.6M | $2.1B | ||
| Q4 24 | $648.9M | $2.0B | ||
| Q3 24 | $655.5M | $2.0B | ||
| Q2 24 | $654.4M | $2.0B | ||
| Q1 24 | $656.6M | $1.9B |
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 | $100.0M |
| Free Cash FlowOCF − Capex | $11.6M | $92.9M |
| FCF MarginFCF / Revenue | 3.4% | 14.1% |
| Capex IntensityCapex / Revenue | 2.9% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.86× | 1.84× |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $259.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $100.0M | ||
| Q3 25 | $15.6M | $75.9M | ||
| Q2 25 | $2.9M | $75.3M | ||
| Q1 25 | $34.1M | $46.0M | ||
| Q4 24 | $2.7M | $50.4M | ||
| Q3 24 | $24.5M | $59.8M | ||
| Q2 24 | $12.4M | $84.6M | ||
| Q1 24 | $20.2M | — |
| Q4 25 | $11.6M | $92.9M | ||
| Q3 25 | $7.5M | $67.0M | ||
| Q2 25 | $-4.2M | $66.4M | ||
| Q1 25 | $27.6M | $33.4M | ||
| Q4 24 | $-6.9M | $37.3M | ||
| Q3 24 | $18.0M | $45.7M | ||
| Q2 24 | $3.6M | $73.9M | ||
| Q1 24 | $9.8M | — |
| Q4 25 | 3.4% | 14.1% | ||
| Q3 25 | 2.2% | 9.8% | ||
| Q2 25 | -1.3% | 9.5% | ||
| Q1 25 | 8.2% | 5.6% | ||
| Q4 24 | -2.1% | 5.8% | ||
| Q3 24 | 5.6% | 7.4% | ||
| Q2 24 | 1.2% | 11.8% | ||
| Q1 24 | 3.2% | — |
| Q4 25 | 2.9% | 1.1% | ||
| Q3 25 | 2.4% | 1.3% | ||
| Q2 25 | 2.2% | 1.3% | ||
| Q1 25 | 1.9% | 2.1% | ||
| Q4 24 | 2.9% | 2.0% | ||
| Q3 24 | 2.0% | 2.3% | ||
| Q2 24 | 2.9% | 1.7% | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 1.86× | 1.84× | ||
| Q3 25 | 1.32× | 1.30× | ||
| Q2 25 | 0.25× | 1.16× | ||
| Q1 25 | 2.60× | 1.27× | ||
| Q4 24 | 0.27× | 0.82× | ||
| Q3 24 | 2.72× | 1.09× | ||
| Q2 24 | 1.35× | 1.85× | ||
| 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% |
SKY
| Manufacturing | $369.7M | 56% |
| Retail | $252.7M | 38% |
| Canadian Factory Built Housing | $25.8M | 4% |
| Transportation And Other | $8.5M | 1% |
