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

Slide Insurance Holdings, Inc. is the larger business by last-quarter revenue ($389.3M vs $335.6M, roughly 1.2× Natural Grocers by Vitamin Cottage, Inc.). Slide Insurance Holdings, Inc. runs the higher net margin — 35.8% vs 3.4%, a 32.5% gap on every dollar of revenue. On growth, Slide Insurance Holdings, Inc. posted the faster year-over-year revenue change (38.2% 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.

United Property & Casualty Insurance Company, Inc. is an American property and casualty insurance company with headquarters in Florida. It writes commercial, residential, homeowners’, and flood insurance policies in several coastal states.

NGVC vs SLDE — Head-to-Head

Bigger by revenue
SLDE
SLDE
1.2× larger
SLDE
$389.3M
$335.6M
NGVC
Growing faster (revenue YoY)
SLDE
SLDE
+36.6% gap
SLDE
38.2%
1.6%
NGVC
Higher net margin
SLDE
SLDE
32.5% more per $
SLDE
35.8%
3.4%
NGVC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NGVC
NGVC
SLDE
SLDE
Revenue
$335.6M
$389.3M
Net Profit
$11.3M
$139.5M
Gross Margin
29.5%
Operating Margin
4.4%
Net Margin
3.4%
35.8%
Revenue YoY
1.6%
38.2%
Net Profit YoY
14.0%
50.8%
EPS (diluted)
$0.49
$1.02

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
SLDE
SLDE
Q1 26
$389.3M
Q4 25
$335.6M
$347.0M
Q3 25
$336.1M
$265.7M
Q2 25
$328.7M
$261.6M
Q1 25
$335.8M
Q4 24
$330.2M
Q3 24
$322.7M
Q2 24
$309.1M
Net Profit
NGVC
NGVC
SLDE
SLDE
Q1 26
$139.5M
Q4 25
$11.3M
$170.4M
Q3 25
$11.8M
$111.0M
Q2 25
$11.6M
$70.1M
Q1 25
$13.1M
Q4 24
$9.9M
Q3 24
$9.0M
Q2 24
$9.2M
Gross Margin
NGVC
NGVC
SLDE
SLDE
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
SLDE
SLDE
Q1 26
Q4 25
4.4%
Q3 25
4.6%
55.3%
Q2 25
4.7%
36.8%
Q1 25
5.2%
Q4 24
4.0%
Q3 24
3.7%
Q2 24
4.2%
Net Margin
NGVC
NGVC
SLDE
SLDE
Q1 26
35.8%
Q4 25
3.4%
49.1%
Q3 25
3.5%
41.8%
Q2 25
3.5%
26.8%
Q1 25
3.9%
Q4 24
3.0%
Q3 24
2.8%
Q2 24
3.0%
EPS (diluted)
NGVC
NGVC
SLDE
SLDE
Q1 26
$1.02
Q4 25
$0.49
$1.23
Q3 25
$0.51
$0.79
Q2 25
$0.50
$0.56
Q1 25
$0.56
Q4 24
$0.43
Q3 24
$0.38
Q2 24
$0.40

Balance Sheet & Financial Strength

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

Metric
NGVC
NGVC
SLDE
SLDE
Cash + ST InvestmentsLiquidity on hand
$23.2M
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$220.0M
$1.1B
Total Assets
$668.6M
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVC
NGVC
SLDE
SLDE
Q1 26
$1.2B
Q4 25
$23.2M
$1.2B
Q3 25
$17.1M
$861.6M
Q2 25
$13.2M
$936.2M
Q1 25
$21.2M
Q4 24
$6.3M
Q3 24
$8.9M
Q2 24
$13.9M
Total Debt
NGVC
NGVC
SLDE
SLDE
Q1 26
Q4 25
Q3 25
$35.0M
Q2 25
$36.3M
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
NGVC
NGVC
SLDE
SLDE
Q1 26
$1.1B
Q4 25
$220.0M
$1.1B
Q3 25
$212.4M
$964.2M
Q2 25
$202.5M
$868.1M
Q1 25
$193.0M
Q4 24
$181.9M
Q3 24
$174.3M
Q2 24
$167.8M
Total Assets
NGVC
NGVC
SLDE
SLDE
Q1 26
$2.9B
Q4 25
$668.6M
$2.9B
Q3 25
$670.5M
$2.7B
Q2 25
$659.0M
$2.8B
Q1 25
$664.6M
Q4 24
$648.9M
Q3 24
$655.5M
Q2 24
$654.4M
Debt / Equity
NGVC
NGVC
SLDE
SLDE
Q1 26
Q4 25
Q3 25
0.04×
Q2 25
0.04×
Q1 25
Q4 24
Q3 24
Q2 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
SLDE
SLDE
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
SLDE
SLDE
Q1 26
Q4 25
$21.1M
Q3 25
$15.6M
$25.3M
Q2 25
$2.9M
$350.4M
Q1 25
$34.1M
Q4 24
$2.7M
Q3 24
$24.5M
Q2 24
$12.4M
Free Cash Flow
NGVC
NGVC
SLDE
SLDE
Q1 26
Q4 25
$11.6M
Q3 25
$7.5M
$24.5M
Q2 25
$-4.2M
$348.9M
Q1 25
$27.6M
Q4 24
$-6.9M
Q3 24
$18.0M
Q2 24
$3.6M
FCF Margin
NGVC
NGVC
SLDE
SLDE
Q1 26
Q4 25
3.4%
Q3 25
2.2%
9.2%
Q2 25
-1.3%
133.4%
Q1 25
8.2%
Q4 24
-2.1%
Q3 24
5.6%
Q2 24
1.2%
Capex Intensity
NGVC
NGVC
SLDE
SLDE
Q1 26
Q4 25
2.9%
Q3 25
2.4%
0.3%
Q2 25
2.2%
0.6%
Q1 25
1.9%
Q4 24
2.9%
Q3 24
2.0%
Q2 24
2.9%
Cash Conversion
NGVC
NGVC
SLDE
SLDE
Q1 26
Q4 25
1.86×
Q3 25
1.32×
0.23×
Q2 25
0.25×
5.00×
Q1 25
2.60×
Q4 24
0.27×
Q3 24
2.72×
Q2 24
1.35×

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%

SLDE
SLDE

Segment breakdown not available.

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