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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and STAG Industrial, Inc. (STAG). 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 $224.2M, roughly 1.5× STAG Industrial, Inc.). STAG Industrial, Inc. runs the higher net margin — 27.6% vs 3.4%, a 24.3% gap on every dollar of revenue. On growth, STAG Industrial, Inc. posted the faster year-over-year revenue change (9.1% vs 1.6%). Over the past eight quarters, STAG Industrial, Inc.'s revenue compounded faster (8.7% 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.
Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.
NGVC vs STAG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $224.2M |
| Net Profit | $11.3M | $62.0M |
| Gross Margin | 29.5% | — |
| Operating Margin | 4.4% | — |
| Net Margin | 3.4% | 27.6% |
| Revenue YoY | 1.6% | 9.1% |
| Net Profit YoY | 14.0% | — |
| EPS (diluted) | $0.49 | $0.32 |
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.
| Q1 26 | — | $224.2M | ||
| Q4 25 | $335.6M | $220.9M | ||
| Q3 25 | $336.1M | $211.1M | ||
| Q2 25 | $328.7M | $207.6M | ||
| Q1 25 | $335.8M | $205.6M | ||
| Q4 24 | $330.2M | $199.3M | ||
| Q3 24 | $322.7M | $190.7M | ||
| Q2 24 | $309.1M | $189.8M |
| Q1 26 | — | $62.0M | ||
| Q4 25 | $11.3M | $83.5M | ||
| Q3 25 | $11.8M | $48.6M | ||
| Q2 25 | $11.6M | $50.0M | ||
| Q1 25 | $13.1M | $91.4M | ||
| Q4 24 | $9.9M | $51.0M | ||
| Q3 24 | $9.0M | $41.9M | ||
| Q2 24 | $9.2M | $59.8M |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 4.2% | — |
| Q1 26 | — | 27.6% | ||
| Q4 25 | 3.4% | 37.8% | ||
| Q3 25 | 3.5% | 23.0% | ||
| Q2 25 | 3.5% | 24.1% | ||
| Q1 25 | 3.9% | 44.5% | ||
| Q4 24 | 3.0% | 25.6% | ||
| Q3 24 | 2.8% | 21.9% | ||
| Q2 24 | 3.0% | 31.5% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.51 | — | ||
| Q2 25 | $0.50 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.2M | $8.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $3.6B |
| Total Assets | $668.6M | $7.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.9M | ||
| Q4 25 | $23.2M | $14.9M | ||
| Q3 25 | $17.1M | $17.3M | ||
| Q2 25 | $13.2M | $15.4M | ||
| Q1 25 | $21.2M | $9.3M | ||
| Q4 24 | $6.3M | $36.3M | ||
| Q3 24 | $8.9M | $70.0M | ||
| Q2 24 | $13.9M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $220.0M | $3.6B | ||
| Q3 25 | $212.4M | $3.4B | ||
| Q2 25 | $202.5M | $3.4B | ||
| Q1 25 | $193.0M | $3.5B | ||
| Q4 24 | $181.9M | $3.5B | ||
| Q3 24 | $174.3M | $3.3B | ||
| Q2 24 | $167.8M | $3.3B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $668.6M | $7.2B | ||
| Q3 25 | $670.5M | $6.9B | ||
| Q2 25 | $659.0M | $6.8B | ||
| Q1 25 | $664.6M | $6.8B | ||
| Q4 24 | $648.9M | $6.8B | ||
| Q3 24 | $655.5M | $6.6B | ||
| Q2 24 | $654.4M | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.91× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.84× |
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 | — |
| Free Cash FlowOCF − Capex | $11.6M | — |
| FCF MarginFCF / Revenue | 3.4% | — |
| Capex IntensityCapex / Revenue | 2.9% | 3.9% |
| Cash ConversionOCF / Net Profit | 1.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $21.1M | $104.5M | ||
| Q3 25 | $15.6M | $143.5M | ||
| Q2 25 | $2.9M | $111.9M | ||
| Q1 25 | $34.1M | $103.5M | ||
| Q4 24 | $2.7M | $104.9M | ||
| Q3 24 | $24.5M | $128.0M | ||
| Q2 24 | $12.4M | $122.2M |
| Q1 26 | — | — | ||
| Q4 25 | $11.6M | $43.8M | ||
| Q3 25 | $7.5M | $95.5M | ||
| Q2 25 | $-4.2M | $62.3M | ||
| Q1 25 | $27.6M | $57.2M | ||
| Q4 24 | $-6.9M | $37.6M | ||
| Q3 24 | $18.0M | $86.7M | ||
| Q2 24 | $3.6M | $105.0M |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 19.8% | ||
| Q3 25 | 2.2% | 45.2% | ||
| Q2 25 | -1.3% | 30.0% | ||
| Q1 25 | 8.2% | 27.8% | ||
| Q4 24 | -2.1% | 18.8% | ||
| Q3 24 | 5.6% | 45.5% | ||
| Q2 24 | 1.2% | 55.3% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | 2.9% | 27.4% | ||
| Q3 25 | 2.4% | 22.7% | ||
| Q2 25 | 2.2% | 23.9% | ||
| Q1 25 | 1.9% | 22.5% | ||
| Q4 24 | 2.9% | 33.8% | ||
| Q3 24 | 2.0% | 21.6% | ||
| Q2 24 | 2.9% | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | 1.25× | ||
| Q3 25 | 1.32× | 2.95× | ||
| Q2 25 | 0.25× | 2.24× | ||
| Q1 25 | 2.60× | 1.13× | ||
| Q4 24 | 0.27× | 2.06× | ||
| Q3 24 | 2.72× | 3.06× | ||
| Q2 24 | 1.35× | 2.04× |
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% |
STAG
Segment breakdown not available.
