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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $335.6M, roughly 1.1× Natural Grocers by Vitamin Cottage, Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs 3.4%, a 1.5% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 1.6%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $11.6M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% 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.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
NGVC vs VTOL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $377.3M |
| Net Profit | $11.3M | $18.4M |
| Gross Margin | 29.5% | — |
| Operating Margin | 4.4% | 8.5% |
| Net Margin | 3.4% | 4.9% |
| Revenue YoY | 1.6% | 6.7% |
| Net Profit YoY | 14.0% | -42.1% |
| EPS (diluted) | $0.49 | $0.61 |
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 | $377.3M | ||
| Q3 25 | $336.1M | $386.3M | ||
| Q2 25 | $328.7M | $376.4M | ||
| Q1 25 | $335.8M | $350.5M | ||
| Q4 24 | $330.2M | $353.5M | ||
| Q3 24 | $322.7M | $365.1M | ||
| Q2 24 | $309.1M | $359.7M | ||
| Q1 24 | $308.1M | $337.1M |
| Q4 25 | $11.3M | $18.4M | ||
| Q3 25 | $11.8M | $51.5M | ||
| Q2 25 | $11.6M | $31.7M | ||
| Q1 25 | $13.1M | $27.4M | ||
| Q4 24 | $9.9M | $31.8M | ||
| Q3 24 | $9.0M | $28.2M | ||
| Q2 24 | $9.2M | $28.2M | ||
| Q1 24 | $8.0M | $6.6M |
| 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% | — |
| Q4 25 | 4.4% | 8.5% | ||
| Q3 25 | 4.6% | 13.1% | ||
| Q2 25 | 4.7% | 11.3% | ||
| Q1 25 | 5.2% | 9.6% | ||
| Q4 24 | 4.0% | 9.0% | ||
| Q3 24 | 3.7% | 9.1% | ||
| Q2 24 | 4.2% | 12.4% | ||
| Q1 24 | 3.7% | 6.8% |
| Q4 25 | 3.4% | 4.9% | ||
| Q3 25 | 3.5% | 13.3% | ||
| Q2 25 | 3.5% | 8.4% | ||
| Q1 25 | 3.9% | 7.8% | ||
| Q4 24 | 3.0% | 9.0% | ||
| Q3 24 | 2.8% | 7.7% | ||
| Q2 24 | 3.0% | 7.8% | ||
| Q1 24 | 2.6% | 2.0% |
| Q4 25 | $0.49 | $0.61 | ||
| Q3 25 | $0.51 | $1.72 | ||
| Q2 25 | $0.50 | $1.07 | ||
| Q1 25 | $0.56 | $0.92 | ||
| Q4 24 | $0.43 | $1.07 | ||
| Q3 24 | $0.38 | $0.95 | ||
| Q2 24 | $0.40 | $0.96 | ||
| Q1 24 | $0.35 | $0.23 |
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 | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $220.0M | $1.1B |
| Total Assets | $668.6M | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | $286.2M | ||
| Q3 25 | $17.1M | $245.5M | ||
| Q2 25 | $13.2M | $251.8M | ||
| Q1 25 | $21.2M | $191.1M | ||
| Q4 24 | $6.3M | $247.5M | ||
| Q3 24 | $8.9M | $200.3M | ||
| Q2 24 | $13.9M | $178.6M | ||
| Q1 24 | $11.0M | $140.6M |
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | $220.0M | $1.1B | ||
| Q3 25 | $212.4M | $1.0B | ||
| Q2 25 | $202.5M | $984.4M | ||
| Q1 25 | $193.0M | $931.7M | ||
| Q4 24 | $181.9M | $891.7M | ||
| Q3 24 | $174.3M | $899.2M | ||
| Q2 24 | $167.8M | $849.1M | ||
| Q1 24 | $160.0M | $820.7M |
| Q4 25 | $668.6M | $2.3B | ||
| Q3 25 | $670.5M | $2.3B | ||
| Q2 25 | $659.0M | $2.3B | ||
| Q1 25 | $664.6M | $2.2B | ||
| Q4 24 | $648.9M | $2.1B | ||
| Q3 24 | $655.5M | $2.1B | ||
| Q2 24 | $654.4M | $2.0B | ||
| Q1 24 | $656.6M | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.66× |
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 | $76.9M |
| Free Cash FlowOCF − Capex | $11.6M | $47.8M |
| FCF MarginFCF / Revenue | 3.4% | 12.7% |
| Capex IntensityCapex / Revenue | 2.9% | 7.7% |
| Cash ConversionOCF / Net Profit | 1.86× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $76.9M | ||
| Q3 25 | $15.6M | $23.1M | ||
| Q2 25 | $2.9M | $99.0M | ||
| Q1 25 | $34.1M | $-603.0K | ||
| Q4 24 | $2.7M | $51.1M | ||
| Q3 24 | $24.5M | $66.0M | ||
| Q2 24 | $12.4M | $33.7M | ||
| Q1 24 | $20.2M | $26.7M |
| Q4 25 | $11.6M | $47.8M | ||
| Q3 25 | $7.5M | $-6.2M | ||
| Q2 25 | $-4.2M | $67.4M | ||
| Q1 25 | $27.6M | $-52.7M | ||
| Q4 24 | $-6.9M | $-32.4M | ||
| Q3 24 | $18.0M | $9.0M | ||
| Q2 24 | $3.6M | $-16.7M | ||
| Q1 24 | $9.8M | $-37.9M |
| Q4 25 | 3.4% | 12.7% | ||
| Q3 25 | 2.2% | -1.6% | ||
| Q2 25 | -1.3% | 17.9% | ||
| Q1 25 | 8.2% | -15.0% | ||
| Q4 24 | -2.1% | -9.2% | ||
| Q3 24 | 5.6% | 2.5% | ||
| Q2 24 | 1.2% | -4.6% | ||
| Q1 24 | 3.2% | -11.2% |
| Q4 25 | 2.9% | 7.7% | ||
| Q3 25 | 2.4% | 7.6% | ||
| Q2 25 | 2.2% | 8.4% | ||
| Q1 25 | 1.9% | 14.9% | ||
| Q4 24 | 2.9% | 23.6% | ||
| Q3 24 | 2.0% | 15.6% | ||
| Q2 24 | 2.9% | 14.0% | ||
| Q1 24 | 3.4% | 19.2% |
| Q4 25 | 1.86× | 4.17× | ||
| Q3 25 | 1.32× | 0.45× | ||
| Q2 25 | 0.25× | 3.12× | ||
| Q1 25 | 2.60× | -0.02× | ||
| Q4 24 | 0.27× | 1.61× | ||
| Q3 24 | 2.72× | 2.34× | ||
| Q2 24 | 1.35× | 1.20× | ||
| Q1 24 | 2.54× | 4.04× |
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% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
