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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). 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 $220.8M, roughly 1.5× UNIVERSAL TECHNICAL INSTITUTE INC). UNIVERSAL TECHNICAL INSTITUTE INC runs the higher net margin — 5.8% vs 3.4%, a 2.4% gap on every dollar of revenue. On growth, UNIVERSAL TECHNICAL INSTITUTE INC posted the faster year-over-year revenue change (9.6% vs 1.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-19.2M). Over the past eight quarters, UNIVERSAL TECHNICAL INSTITUTE INC's revenue compounded faster (9.5% 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.

Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.

NGVC vs UTI — Head-to-Head

Bigger by revenue
NGVC
NGVC
1.5× larger
NGVC
$335.6M
$220.8M
UTI
Growing faster (revenue YoY)
UTI
UTI
+8.0% gap
UTI
9.6%
1.6%
NGVC
Higher net margin
UTI
UTI
2.4% more per $
UTI
5.8%
3.4%
NGVC
More free cash flow
NGVC
NGVC
$30.7M more FCF
NGVC
$11.6M
$-19.2M
UTI
Faster 2-yr revenue CAGR
UTI
UTI
Annualised
UTI
9.5%
4.4%
NGVC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NGVC
NGVC
UTI
UTI
Revenue
$335.6M
$220.8M
Net Profit
$11.3M
$12.8M
Gross Margin
29.5%
Operating Margin
4.4%
7.1%
Net Margin
3.4%
5.8%
Revenue YoY
1.6%
9.6%
Net Profit YoY
14.0%
-42.1%
EPS (diluted)
$0.49
$0.23

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
UTI
UTI
Q4 25
$335.6M
$220.8M
Q3 25
$336.1M
$222.4M
Q2 25
$328.7M
$204.3M
Q1 25
$335.8M
$207.4M
Q4 24
$330.2M
$201.4M
Q3 24
$322.7M
$196.4M
Q2 24
$309.1M
$177.5M
Q1 24
$308.1M
$184.2M
Net Profit
NGVC
NGVC
UTI
UTI
Q4 25
$11.3M
$12.8M
Q3 25
$11.8M
$18.8M
Q2 25
$11.6M
$10.7M
Q1 25
$13.1M
$11.4M
Q4 24
$9.9M
$22.2M
Q3 24
$9.0M
$18.8M
Q2 24
$9.2M
$5.0M
Q1 24
$8.0M
$7.8M
Gross Margin
NGVC
NGVC
UTI
UTI
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 24
29.3%
Operating Margin
NGVC
NGVC
UTI
UTI
Q4 25
4.4%
7.1%
Q3 25
4.6%
11.2%
Q2 25
4.7%
6.9%
Q1 25
5.2%
8.1%
Q4 24
4.0%
13.6%
Q3 24
3.7%
13.3%
Q2 24
4.2%
4.2%
Q1 24
3.7%
6.1%
Net Margin
NGVC
NGVC
UTI
UTI
Q4 25
3.4%
5.8%
Q3 25
3.5%
8.4%
Q2 25
3.5%
5.2%
Q1 25
3.9%
5.5%
Q4 24
3.0%
11.0%
Q3 24
2.8%
9.6%
Q2 24
3.0%
2.8%
Q1 24
2.6%
4.2%
EPS (diluted)
NGVC
NGVC
UTI
UTI
Q4 25
$0.49
$0.23
Q3 25
$0.51
$0.33
Q2 25
$0.50
$0.19
Q1 25
$0.56
$0.21
Q4 24
$0.43
$0.40
Q3 24
$0.38
$0.35
Q2 24
$0.40
$0.09
Q1 24
$0.35
$0.14

Balance Sheet & Financial Strength

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

Metric
NGVC
NGVC
UTI
UTI
Cash + ST InvestmentsLiquidity on hand
$23.2M
$162.8M
Total DebtLower is stronger
$101.4M
Stockholders' EquityBook value
$220.0M
$335.9M
Total Assets
$668.6M
$834.0M
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVC
NGVC
UTI
UTI
Q4 25
$23.2M
$162.8M
Q3 25
$17.1M
$169.1M
Q2 25
$13.2M
$70.7M
Q1 25
$21.2M
$96.0M
Q4 24
$6.3M
$172.0M
Q3 24
$8.9M
$161.9M
Q2 24
$13.9M
$115.5M
Q1 24
$11.0M
$116.1M
Total Debt
NGVC
NGVC
UTI
UTI
Q4 25
$101.4M
Q3 25
$87.1M
Q2 25
$73.8M
Q1 25
$94.4M
Q4 24
$120.1M
Q3 24
$125.7M
Q2 24
$137.3M
Q1 24
$141.9M
Stockholders' Equity
NGVC
NGVC
UTI
UTI
Q4 25
$220.0M
$335.9M
Q3 25
$212.4M
$328.1M
Q2 25
$202.5M
$306.8M
Q1 25
$193.0M
$293.9M
Q4 24
$181.9M
$280.0M
Q3 24
$174.3M
$260.2M
Q2 24
$167.8M
$239.4M
Q1 24
$160.0M
$232.6M
Total Assets
NGVC
NGVC
UTI
UTI
Q4 25
$668.6M
$834.0M
Q3 25
$670.5M
$826.1M
Q2 25
$659.0M
$740.8M
Q1 25
$664.6M
$720.4M
Q4 24
$648.9M
$753.8M
Q3 24
$655.5M
$744.6M
Q2 24
$654.4M
$706.0M
Q1 24
$656.6M
$702.1M
Debt / Equity
NGVC
NGVC
UTI
UTI
Q4 25
0.30×
Q3 25
0.27×
Q2 25
0.24×
Q1 25
0.32×
Q4 24
0.43×
Q3 24
0.48×
Q2 24
0.57×
Q1 24
0.61×

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
UTI
UTI
Operating Cash FlowLast quarter
$21.1M
$3.1M
Free Cash FlowOCF − Capex
$11.6M
$-19.2M
FCF MarginFCF / Revenue
3.4%
-8.7%
Capex IntensityCapex / Revenue
2.9%
10.1%
Cash ConversionOCF / Net Profit
1.86×
0.24×
TTM Free Cash FlowTrailing 4 quarters
$42.6M
$16.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGVC
NGVC
UTI
UTI
Q4 25
$21.1M
$3.1M
Q3 25
$15.6M
$57.1M
Q2 25
$2.9M
$18.1M
Q1 25
$34.1M
$-789.0K
Q4 24
$2.7M
$23.0M
Q3 24
$24.5M
$67.5M
Q2 24
$12.4M
$10.0M
Q1 24
$20.2M
$-2.5M
Free Cash Flow
NGVC
NGVC
UTI
UTI
Q4 25
$11.6M
$-19.2M
Q3 25
$7.5M
$40.6M
Q2 25
$-4.2M
$6.8M
Q1 25
$27.6M
$-11.7M
Q4 24
$-6.9M
$19.6M
Q3 24
$18.0M
$60.0M
Q2 24
$3.6M
$3.0M
Q1 24
$9.8M
$-8.4M
FCF Margin
NGVC
NGVC
UTI
UTI
Q4 25
3.4%
-8.7%
Q3 25
2.2%
18.3%
Q2 25
-1.3%
3.4%
Q1 25
8.2%
-5.7%
Q4 24
-2.1%
9.7%
Q3 24
5.6%
30.6%
Q2 24
1.2%
1.7%
Q1 24
3.2%
-4.6%
Capex Intensity
NGVC
NGVC
UTI
UTI
Q4 25
2.9%
10.1%
Q3 25
2.4%
7.4%
Q2 25
2.2%
5.5%
Q1 25
1.9%
5.3%
Q4 24
2.9%
1.7%
Q3 24
2.0%
3.8%
Q2 24
2.9%
4.0%
Q1 24
3.4%
3.2%
Cash Conversion
NGVC
NGVC
UTI
UTI
Q4 25
1.86×
0.24×
Q3 25
1.32×
3.04×
Q2 25
0.25×
1.69×
Q1 25
2.60×
-0.07×
Q4 24
0.27×
1.04×
Q3 24
2.72×
3.58×
Q2 24
1.35×
2.01×
Q1 24
2.54×
-0.32×

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%

UTI
UTI

UTI$142.8M65%
Concorde$78.0M35%

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