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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). 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 $199.5M, roughly 1.7× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs 3.4%, a 0.2% 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 -4.1%). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -5.7%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
NGVC vs VRTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $199.5M |
| Net Profit | $11.3M | $7.1M |
| Gross Margin | 29.5% | — |
| Operating Margin | 4.4% | 7.7% |
| Net Margin | 3.4% | 3.6% |
| Revenue YoY | 1.6% | -4.1% |
| Net Profit YoY | 14.0% | -78.1% |
| EPS (diluted) | $0.49 | $1.05 |
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 | — | $199.5M | ||
| Q4 25 | $335.6M | $208.0M | ||
| Q3 25 | $336.1M | $216.4M | ||
| Q2 25 | $328.7M | $210.5M | ||
| Q1 25 | $335.8M | $217.9M | ||
| Q4 24 | $330.2M | $233.5M | ||
| Q3 24 | $322.7M | $227.0M | ||
| Q2 24 | $309.1M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $11.3M | $33.9M | ||
| Q3 25 | $11.8M | $31.3M | ||
| Q2 25 | $11.6M | $42.7M | ||
| Q1 25 | $13.1M | $28.1M | ||
| Q4 24 | $9.9M | $39.5M | ||
| Q3 24 | $9.0M | $49.1M | ||
| Q2 24 | $9.2M | $26.0M |
| 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 | — | 7.7% | ||
| Q4 25 | 4.4% | 19.1% | ||
| Q3 25 | 4.6% | 21.7% | ||
| Q2 25 | 4.7% | 21.5% | ||
| Q1 25 | 5.2% | 16.8% | ||
| Q4 24 | 4.0% | 21.7% | ||
| Q3 24 | 3.7% | 24.3% | ||
| Q2 24 | 4.2% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 3.4% | 16.3% | ||
| Q3 25 | 3.5% | 14.5% | ||
| Q2 25 | 3.5% | 20.3% | ||
| Q1 25 | 3.9% | 12.9% | ||
| Q4 24 | 3.0% | 16.9% | ||
| Q3 24 | 2.8% | 21.6% | ||
| Q2 24 | 3.0% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.49 | $5.15 | ||
| Q3 25 | $0.51 | $4.65 | ||
| Q2 25 | $0.50 | $6.12 | ||
| Q1 25 | $0.56 | $4.05 | ||
| Q4 24 | $0.43 | $4.65 | ||
| Q3 24 | $0.38 | $5.71 | ||
| Q2 24 | $0.40 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $93.6B |
| Total Assets | $668.6M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $23.2M | — | ||
| Q3 25 | $17.1M | — | ||
| Q2 25 | $13.2M | — | ||
| Q1 25 | $21.2M | — | ||
| Q4 24 | $6.3M | — | ||
| Q3 24 | $8.9M | — | ||
| Q2 24 | $13.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $220.0M | $934.0M | ||
| Q3 25 | $212.4M | $918.7M | ||
| Q2 25 | $202.5M | $896.4M | ||
| Q1 25 | $193.0M | $893.7M | ||
| Q4 24 | $181.9M | $897.5M | ||
| Q3 24 | $174.3M | $889.0M | ||
| Q2 24 | $167.8M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $668.6M | $4.3B | ||
| Q3 25 | $670.5M | $3.9B | ||
| Q2 25 | $659.0M | $3.7B | ||
| Q1 25 | $664.6M | $3.7B | ||
| Q4 24 | $648.9M | $4.0B | ||
| Q3 24 | $655.5M | $3.6B | ||
| Q2 24 | $654.4M | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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% | — |
| 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 | $-67.2M | ||
| Q3 25 | $15.6M | $108.3M | ||
| Q2 25 | $2.9M | $75.8M | ||
| Q1 25 | $34.1M | $-3.8M | ||
| Q4 24 | $2.7M | $1.8M | ||
| Q3 24 | $24.5M | $69.1M | ||
| Q2 24 | $12.4M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $11.6M | $-74.1M | ||
| Q3 25 | $7.5M | $106.9M | ||
| Q2 25 | $-4.2M | $74.2M | ||
| Q1 25 | $27.6M | $-6.8M | ||
| Q4 24 | $-6.9M | $-3.8M | ||
| Q3 24 | $18.0M | $68.7M | ||
| Q2 24 | $3.6M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | -35.6% | ||
| Q3 25 | 2.2% | 49.4% | ||
| Q2 25 | -1.3% | 35.2% | ||
| Q1 25 | 8.2% | -3.1% | ||
| Q4 24 | -2.1% | -1.6% | ||
| Q3 24 | 5.6% | 30.3% | ||
| Q2 24 | 1.2% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 3.3% | ||
| Q3 25 | 2.4% | 0.7% | ||
| Q2 25 | 2.2% | 0.7% | ||
| Q1 25 | 1.9% | 1.4% | ||
| Q4 24 | 2.9% | 2.4% | ||
| Q3 24 | 2.0% | 0.2% | ||
| Q2 24 | 2.9% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | -1.99× | ||
| Q3 25 | 1.32× | 3.45× | ||
| Q2 25 | 0.25× | 1.77× | ||
| Q1 25 | 2.60× | -0.13× | ||
| Q4 24 | 0.27× | 0.04× | ||
| Q3 24 | 2.72× | 1.41× | ||
| Q2 24 | 1.35× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
