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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and ServiceTitan, Inc. (TTAN). 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 $249.2M, roughly 1.3× ServiceTitan, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -15.9%, a 19.2% gap on every dollar of revenue. On growth, ServiceTitan, Inc. posted the faster year-over-year revenue change (25.0% vs 1.6%). ServiceTitan, Inc. produced more free cash flow last quarter ($42.2M 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.

Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent holding company of Google and several former Google subsidiaries. Alphabet is listed on the large-cap section of the Nasdaq under the ticker symbols GOOGL and GOOG; both classes of stock are components of major stock market indices such as the S&P 500 and Nasdaq-100. Alphabet ha...

NGVC vs TTAN — Head-to-Head

Bigger by revenue
NGVC
NGVC
1.3× larger
NGVC
$335.6M
$249.2M
TTAN
Growing faster (revenue YoY)
TTAN
TTAN
+23.4% gap
TTAN
25.0%
1.6%
NGVC
Higher net margin
NGVC
NGVC
19.2% more per $
NGVC
3.4%
-15.9%
TTAN
More free cash flow
TTAN
TTAN
$30.6M more FCF
TTAN
$42.2M
$11.6M
NGVC

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
NGVC
NGVC
TTAN
TTAN
Revenue
$335.6M
$249.2M
Net Profit
$11.3M
$-39.5M
Gross Margin
29.5%
70.8%
Operating Margin
4.4%
-16.9%
Net Margin
3.4%
-15.9%
Revenue YoY
1.6%
25.0%
Net Profit YoY
14.0%
14.9%
EPS (diluted)
$0.49
$-0.42

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
TTAN
TTAN
Q4 25
$335.6M
$249.2M
Q3 25
$336.1M
$242.1M
Q2 25
$328.7M
$215.7M
Q1 25
$335.8M
$209.3M
Q4 24
$330.2M
$199.3M
Q3 24
$322.7M
Q2 24
$309.1M
$170.3M
Q1 24
$308.1M
Net Profit
NGVC
NGVC
TTAN
TTAN
Q4 25
$11.3M
$-39.5M
Q3 25
$11.8M
$-32.2M
Q2 25
$11.6M
$-46.4M
Q1 25
$13.1M
$-100.9M
Q4 24
$9.9M
$-46.5M
Q3 24
$9.0M
Q2 24
$9.2M
$-56.0M
Q1 24
$8.0M
Gross Margin
NGVC
NGVC
TTAN
TTAN
Q4 25
29.5%
70.8%
Q3 25
29.5%
70.8%
Q2 25
29.9%
68.8%
Q1 25
30.3%
66.0%
Q4 24
29.9%
65.2%
Q3 24
29.6%
Q2 24
29.2%
62.2%
Q1 24
29.3%
Operating Margin
NGVC
NGVC
TTAN
TTAN
Q4 25
4.4%
-16.9%
Q3 25
4.6%
-14.4%
Q2 25
4.7%
-23.0%
Q1 25
5.2%
-47.7%
Q4 24
4.0%
-22.1%
Q3 24
3.7%
Q2 24
4.2%
-31.4%
Q1 24
3.7%
Net Margin
NGVC
NGVC
TTAN
TTAN
Q4 25
3.4%
-15.9%
Q3 25
3.5%
-13.3%
Q2 25
3.5%
-21.5%
Q1 25
3.9%
-48.2%
Q4 24
3.0%
-23.3%
Q3 24
2.8%
Q2 24
3.0%
-32.9%
Q1 24
2.6%
EPS (diluted)
NGVC
NGVC
TTAN
TTAN
Q4 25
$0.49
$-0.42
Q3 25
$0.51
$-0.35
Q2 25
$0.50
$-0.51
Q1 25
$0.56
$-3.34
Q4 24
$0.43
$-1.74
Q3 24
$0.38
Q2 24
$0.40
$-2.02
Q1 24
$0.35

Balance Sheet & Financial Strength

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

Metric
NGVC
NGVC
TTAN
TTAN
Cash + ST InvestmentsLiquidity on hand
$23.2M
$493.2M
Total DebtLower is stronger
$103.6M
Stockholders' EquityBook value
$220.0M
$1.5B
Total Assets
$668.6M
$1.8B
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVC
NGVC
TTAN
TTAN
Q4 25
$23.2M
$493.2M
Q3 25
$17.1M
$471.5M
Q2 25
$13.2M
$420.3M
Q1 25
$21.2M
$441.8M
Q4 24
$6.3M
$133.8M
Q3 24
$8.9M
Q2 24
$13.9M
$116.2M
Q1 24
$11.0M
Total Debt
NGVC
NGVC
TTAN
TTAN
Q4 25
$103.6M
Q3 25
$103.7M
Q2 25
$103.9M
Q1 25
$104.0M
Q4 24
$174.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NGVC
NGVC
TTAN
TTAN
Q4 25
$220.0M
$1.5B
Q3 25
$212.4M
$1.5B
Q2 25
$202.5M
$1.5B
Q1 25
$193.0M
$1.5B
Q4 24
$181.9M
$-576.8M
Q3 24
$174.3M
Q2 24
$167.8M
$-506.0M
Q1 24
$160.0M
Total Assets
NGVC
NGVC
TTAN
TTAN
Q4 25
$668.6M
$1.8B
Q3 25
$670.5M
$1.8B
Q2 25
$659.0M
$1.7B
Q1 25
$664.6M
$1.8B
Q4 24
$648.9M
$1.5B
Q3 24
$655.5M
Q2 24
$654.4M
Q1 24
$656.6M
Debt / Equity
NGVC
NGVC
TTAN
TTAN
Q4 25
0.07×
Q3 25
0.07×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
Q3 24
Q2 24
Q1 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
TTAN
TTAN
Operating Cash FlowLast quarter
$21.1M
$43.8M
Free Cash FlowOCF − Capex
$11.6M
$42.2M
FCF MarginFCF / Revenue
3.4%
16.9%
Capex IntensityCapex / Revenue
2.9%
0.6%
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
TTAN
TTAN
Q4 25
$21.1M
$43.8M
Q3 25
$15.6M
$40.3M
Q2 25
$2.9M
$-14.6M
Q1 25
$34.1M
Q4 24
$2.7M
$15.5M
Q3 24
$24.5M
Q2 24
$12.4M
$-19.2M
Q1 24
$20.2M
Free Cash Flow
NGVC
NGVC
TTAN
TTAN
Q4 25
$11.6M
$42.2M
Q3 25
$7.5M
$39.2M
Q2 25
$-4.2M
$-15.9M
Q1 25
$27.6M
Q4 24
$-6.9M
$14.5M
Q3 24
$18.0M
Q2 24
$3.6M
$-19.9M
Q1 24
$9.8M
FCF Margin
NGVC
NGVC
TTAN
TTAN
Q4 25
3.4%
16.9%
Q3 25
2.2%
16.2%
Q2 25
-1.3%
-7.4%
Q1 25
8.2%
Q4 24
-2.1%
7.3%
Q3 24
5.6%
Q2 24
1.2%
-11.7%
Q1 24
3.2%
Capex Intensity
NGVC
NGVC
TTAN
TTAN
Q4 25
2.9%
0.6%
Q3 25
2.4%
0.5%
Q2 25
2.2%
0.6%
Q1 25
1.9%
Q4 24
2.9%
0.5%
Q3 24
2.0%
Q2 24
2.9%
0.4%
Q1 24
3.4%
Cash Conversion
NGVC
NGVC
TTAN
TTAN
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
NGVC

Grocery$243.8M73%
Dietary Supplements$60.7M18%
Manufactured Product Other$31.0M9%

TTAN
TTAN

Subscription Revenue$182.8M73%
Usage Revenue$56.8M23%
Professional Services And Other Revenue$9.6M4%

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