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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and T1 Energy Inc. (TE). 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 $210.5M, roughly 1.6× T1 Energy Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -62.0%, a 65.4% gap on every dollar of revenue. T1 Energy Inc. produced more free cash flow last quarter ($55.0M vs $11.6M).
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
NGVC vs TE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $210.5M |
| Net Profit | $11.3M | $-130.6M |
| Gross Margin | 29.5% | 10.0% |
| Operating Margin | 4.4% | -45.0% |
| Net Margin | 3.4% | -62.0% |
| Revenue YoY | 1.6% | — |
| Net Profit YoY | 14.0% | -375.2% |
| EPS (diluted) | $0.49 | $-0.87 |
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 | — | ||
| Q3 25 | $336.1M | $210.5M | ||
| Q2 25 | $328.7M | $132.8M | ||
| Q1 25 | $335.8M | $53.5M | ||
| Q4 24 | $330.2M | — | ||
| Q3 24 | $322.7M | $0 | ||
| Q2 24 | $309.1M | $0 | ||
| Q1 24 | $308.1M | $0 |
| Q4 25 | $11.3M | — | ||
| Q3 25 | $11.8M | $-130.6M | ||
| Q2 25 | $11.6M | $-31.9M | ||
| Q1 25 | $13.1M | $-16.2M | ||
| Q4 24 | $9.9M | — | ||
| Q3 24 | $9.0M | $-27.5M | ||
| Q2 24 | $9.2M | $-27.0M | ||
| Q1 24 | $8.0M | $-28.5M |
| Q4 25 | 29.5% | — | ||
| Q3 25 | 29.5% | 10.0% | ||
| Q2 25 | 29.9% | 24.7% | ||
| Q1 25 | 30.3% | 33.3% | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 29.2% | — | ||
| Q1 24 | 29.3% | — |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 4.6% | -45.0% | ||
| Q2 25 | 4.7% | -22.0% | ||
| Q1 25 | 5.2% | -44.2% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | 3.7% | — |
| Q4 25 | 3.4% | — | ||
| Q3 25 | 3.5% | -62.0% | ||
| Q2 25 | 3.5% | -24.0% | ||
| Q1 25 | 3.9% | -30.4% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 2.6% | — |
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.51 | $-0.87 | ||
| Q2 25 | $0.50 | $-0.21 | ||
| Q1 25 | $0.56 | $-0.11 | ||
| Q4 24 | $0.43 | — | ||
| Q3 24 | $0.38 | $-0.20 | ||
| Q2 24 | $0.40 | $-0.19 | ||
| Q1 24 | $0.35 | $-0.20 |
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 | $34.1M |
| Total DebtLower is stronger | — | $547.3M |
| Stockholders' EquityBook value | $220.0M | $96.9M |
| Total Assets | $668.6M | $1.4B |
| Debt / EquityLower = less leverage | — | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | — | ||
| Q3 25 | $17.1M | $34.1M | ||
| Q2 25 | $13.2M | $8.5M | ||
| Q1 25 | $21.2M | $48.9M | ||
| Q4 24 | $6.3M | — | ||
| Q3 24 | $8.9M | $181.9M | ||
| Q2 24 | $13.9M | $219.6M | ||
| Q1 24 | $11.0M | $249.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | $547.3M | ||
| Q2 25 | — | $591.2M | ||
| Q1 25 | — | $603.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $602.3M |
| Q4 25 | $220.0M | — | ||
| Q3 25 | $212.4M | $96.9M | ||
| Q2 25 | $202.5M | $183.9M | ||
| Q1 25 | $193.0M | $201.9M | ||
| Q4 24 | $181.9M | — | ||
| Q3 24 | $174.3M | $538.7M | ||
| Q2 24 | $167.8M | $561.6M | ||
| Q1 24 | $160.0M | $582.3M |
| Q4 25 | $668.6M | — | ||
| Q3 25 | $670.5M | $1.4B | ||
| Q2 25 | $659.0M | $1.4B | ||
| Q1 25 | $664.6M | $1.4B | ||
| Q4 24 | $648.9M | — | ||
| Q3 24 | $655.5M | $615.0M | ||
| Q2 24 | $654.4M | $644.4M | ||
| Q1 24 | $656.6M | $670.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.65× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.03× |
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 | $63.9M |
| Free Cash FlowOCF − Capex | $11.6M | $55.0M |
| FCF MarginFCF / Revenue | 3.4% | 26.1% |
| Capex IntensityCapex / Revenue | 2.9% | 4.2% |
| Cash ConversionOCF / Net Profit | 1.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | — | ||
| Q3 25 | $15.6M | $63.9M | ||
| Q2 25 | $2.9M | $33.4M | ||
| Q1 25 | $34.1M | $-44.8M | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $24.5M | $-28.4M | ||
| Q2 24 | $12.4M | $-28.0M | ||
| Q1 24 | $20.2M | $-16.2M |
| Q4 25 | $11.6M | — | ||
| Q3 25 | $7.5M | $55.0M | ||
| Q2 25 | $-4.2M | $10.6M | ||
| Q1 25 | $27.6M | $-74.0M | ||
| Q4 24 | $-6.9M | — | ||
| Q3 24 | $18.0M | $-34.0M | ||
| Q2 24 | $3.6M | $-35.6M | ||
| Q1 24 | $9.8M | $-37.7M |
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.2% | 26.1% | ||
| Q2 25 | -1.3% | 8.0% | ||
| Q1 25 | 8.2% | -138.4% | ||
| Q4 24 | -2.1% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 3.2% | — |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.4% | 4.2% | ||
| Q2 25 | 2.2% | 17.2% | ||
| Q1 25 | 1.9% | 54.5% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 1.86× | — | ||
| Q3 25 | 1.32× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 0.27× | — | ||
| 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
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
