vs
Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.
TRINITY INDUSTRIES INC is the larger business by last-quarter revenue ($611.2M vs $335.6M, roughly 1.8× Natural Grocers by Vitamin Cottage, Inc.). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs 3.4%, a 28.4% 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 -2.9%). TRINITY INDUSTRIES INC produced more free cash flow last quarter ($158.6M vs $11.6M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -13.1%).
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.
Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.
NGVC vs TRN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $611.2M |
| Net Profit | $11.3M | $194.2M |
| Gross Margin | 29.5% | 25.5% |
| Operating Margin | 4.4% | 54.9% |
| Net Margin | 3.4% | 31.8% |
| Revenue YoY | 1.6% | -2.9% |
| Net Profit YoY | 14.0% | 413.8% |
| EPS (diluted) | $0.49 | $2.25 |
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 | $611.2M | ||
| Q3 25 | $336.1M | $454.1M | ||
| Q2 25 | $328.7M | $506.2M | ||
| Q1 25 | $335.8M | $585.4M | ||
| Q4 24 | $330.2M | $629.4M | ||
| Q3 24 | $322.7M | $798.8M | ||
| Q2 24 | $309.1M | $841.4M | ||
| Q1 24 | $308.1M | $809.6M |
| Q4 25 | $11.3M | $194.2M | ||
| Q3 25 | $11.8M | $30.3M | ||
| Q2 25 | $11.6M | $14.1M | ||
| Q1 25 | $13.1M | $22.1M | ||
| Q4 24 | $9.9M | $37.8M | ||
| Q3 24 | $9.0M | $31.4M | ||
| Q2 24 | $9.2M | $54.4M | ||
| Q1 24 | $8.0M | $23.7M |
| Q4 25 | 29.5% | 25.5% | ||
| Q3 25 | 29.5% | 31.1% | ||
| Q2 25 | 29.9% | 26.4% | ||
| Q1 25 | 30.3% | 24.3% | ||
| Q4 24 | 29.9% | 24.6% | ||
| Q3 24 | 29.6% | 21.2% | ||
| Q2 24 | 29.2% | 21.3% | ||
| Q1 24 | 29.3% | 20.3% |
| Q4 25 | 4.4% | 54.9% | ||
| Q3 25 | 4.6% | 26.1% | ||
| Q2 25 | 4.7% | 18.8% | ||
| Q1 25 | 5.2% | 17.0% | ||
| Q4 24 | 4.0% | 17.8% | ||
| Q3 24 | 3.7% | 15.3% | ||
| Q2 24 | 4.2% | 16.9% | ||
| Q1 24 | 3.7% | 14.2% |
| Q4 25 | 3.4% | 31.8% | ||
| Q3 25 | 3.5% | 6.7% | ||
| Q2 25 | 3.5% | 2.8% | ||
| Q1 25 | 3.9% | 3.8% | ||
| Q4 24 | 3.0% | 6.0% | ||
| Q3 24 | 2.8% | 3.9% | ||
| Q2 24 | 3.0% | 6.5% | ||
| Q1 24 | 2.6% | 2.9% |
| Q4 25 | $0.49 | $2.25 | ||
| Q3 25 | $0.51 | $0.37 | ||
| Q2 25 | $0.50 | $0.17 | ||
| Q1 25 | $0.56 | $0.26 | ||
| Q4 24 | $0.43 | $0.34 | ||
| Q3 24 | $0.38 | $0.37 | ||
| Q2 24 | $0.40 | $0.65 | ||
| Q1 24 | $0.35 | $0.28 |
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 | $201.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $1.1B |
| Total Assets | $668.6M | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | $201.3M | ||
| Q3 25 | $17.1M | $66.3M | ||
| Q2 25 | $13.2M | $147.7M | ||
| Q1 25 | $21.2M | $94.9M | ||
| Q4 24 | $6.3M | $228.2M | ||
| Q3 24 | $8.9M | $222.4M | ||
| Q2 24 | $13.9M | $257.1M | ||
| Q1 24 | $11.0M | $118.8M |
| Q4 25 | $220.0M | $1.1B | ||
| Q3 25 | $212.4M | $1.0B | ||
| Q2 25 | $202.5M | $1.0B | ||
| Q1 25 | $193.0M | $1.1B | ||
| Q4 24 | $181.9M | $1.1B | ||
| Q3 24 | $174.3M | $1.1B | ||
| Q2 24 | $167.8M | $1.1B | ||
| Q1 24 | $160.0M | $1.0B |
| Q4 25 | $668.6M | $8.4B | ||
| Q3 25 | $670.5M | $8.9B | ||
| Q2 25 | $659.0M | $8.8B | ||
| Q1 25 | $664.6M | $8.7B | ||
| Q4 24 | $648.9M | $8.8B | ||
| Q3 24 | $655.5M | $8.8B | ||
| Q2 24 | $654.4M | $9.0B | ||
| Q1 24 | $656.6M | $9.1B |
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 | $177.4M |
| Free Cash FlowOCF − Capex | $11.6M | $158.6M |
| FCF MarginFCF / Revenue | 3.4% | 25.9% |
| Capex IntensityCapex / Revenue | 2.9% | 3.1% |
| Cash ConversionOCF / Net Profit | 1.86× | 0.91× |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $314.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $177.4M | ||
| Q3 25 | $15.6M | $44.2M | ||
| Q2 25 | $2.9M | $61.6M | ||
| Q1 25 | $34.1M | $76.5M | ||
| Q4 24 | $2.7M | $201.6M | ||
| Q3 24 | $24.5M | $78.5M | ||
| Q2 24 | $12.4M | $241.5M | ||
| Q1 24 | $20.2M | $52.2M |
| Q4 25 | $11.6M | $158.6M | ||
| Q3 25 | $7.5M | $35.3M | ||
| Q2 25 | $-4.2M | $52.9M | ||
| Q1 25 | $27.6M | $67.3M | ||
| Q4 24 | $-6.9M | $180.1M | ||
| Q3 24 | $18.0M | $62.1M | ||
| Q2 24 | $3.6M | $230.2M | ||
| Q1 24 | $9.8M | $47.6M |
| Q4 25 | 3.4% | 25.9% | ||
| Q3 25 | 2.2% | 7.8% | ||
| Q2 25 | -1.3% | 10.5% | ||
| Q1 25 | 8.2% | 11.5% | ||
| Q4 24 | -2.1% | 28.6% | ||
| Q3 24 | 5.6% | 7.8% | ||
| Q2 24 | 1.2% | 27.4% | ||
| Q1 24 | 3.2% | 5.9% |
| Q4 25 | 2.9% | 3.1% | ||
| Q3 25 | 2.4% | 2.0% | ||
| Q2 25 | 2.2% | 1.7% | ||
| Q1 25 | 1.9% | 1.6% | ||
| Q4 24 | 2.9% | 3.4% | ||
| Q3 24 | 2.0% | 2.1% | ||
| Q2 24 | 2.9% | 1.3% | ||
| Q1 24 | 3.4% | 0.6% |
| Q4 25 | 1.86× | 0.91× | ||
| Q3 25 | 1.32× | 1.46× | ||
| Q2 25 | 0.25× | 4.37× | ||
| Q1 25 | 2.60× | 3.46× | ||
| Q4 24 | 0.27× | 5.33× | ||
| Q3 24 | 2.72× | 2.50× | ||
| Q2 24 | 1.35× | 4.44× | ||
| Q1 24 | 2.54× | 2.20× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
