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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
Westrock Coffee Co is the larger business by last-quarter revenue ($339.5M vs $335.6M, roughly 1.0× Natural Grocers by Vitamin Cottage, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -6.6%, a 10.0% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 1.6%). Westrock Coffee Co produced more free cash flow last quarter ($27.8M vs $11.6M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% 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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
NGVC vs WEST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $339.5M |
| Net Profit | $11.3M | $-22.6M |
| Gross Margin | 29.5% | 11.5% |
| Operating Margin | 4.4% | -2.6% |
| Net Margin | 3.4% | -6.6% |
| Revenue YoY | 1.6% | 48.3% |
| Net Profit YoY | 14.0% | 8.3% |
| EPS (diluted) | $0.49 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $336.1M | $354.8M | ||
| Q2 25 | $328.7M | $280.9M | ||
| Q1 25 | $335.8M | $213.8M | ||
| Q4 24 | $330.2M | $229.0M | ||
| Q3 24 | $322.7M | $220.9M | ||
| Q2 24 | $309.1M | $208.4M | ||
| Q1 24 | $308.1M | $192.5M |
| Q4 25 | $11.3M | $-22.6M | ||
| Q3 25 | $11.8M | $-19.1M | ||
| Q2 25 | $11.6M | $-21.6M | ||
| Q1 25 | $13.1M | $-27.2M | ||
| Q4 24 | $9.9M | $-24.6M | ||
| Q3 24 | $9.0M | $-14.3M | ||
| Q2 24 | $9.2M | $-17.8M | ||
| Q1 24 | $8.0M | $-23.7M |
| Q4 25 | 29.5% | 11.5% | ||
| Q3 25 | 29.5% | 11.7% | ||
| Q2 25 | 29.9% | 14.7% | ||
| Q1 25 | 30.3% | 13.6% | ||
| Q4 24 | 29.9% | 16.6% | ||
| Q3 24 | 29.6% | 16.8% | ||
| Q2 24 | 29.2% | 19.9% | ||
| Q1 24 | 29.3% | 19.4% |
| Q4 25 | 4.4% | -2.6% | ||
| Q3 25 | 4.6% | -2.4% | ||
| Q2 25 | 4.7% | -5.3% | ||
| Q1 25 | 5.2% | -6.1% | ||
| Q4 24 | 4.0% | -4.3% | ||
| Q3 24 | 3.7% | -5.8% | ||
| Q2 24 | 4.2% | -7.9% | ||
| Q1 24 | 3.7% | -5.3% |
| Q4 25 | 3.4% | -6.6% | ||
| Q3 25 | 3.5% | -5.4% | ||
| Q2 25 | 3.5% | -7.7% | ||
| Q1 25 | 3.9% | -12.7% | ||
| Q4 24 | 3.0% | -10.7% | ||
| Q3 24 | 2.8% | -6.5% | ||
| Q2 24 | 3.0% | -8.5% | ||
| Q1 24 | 2.6% | -12.3% |
| Q4 25 | $0.49 | $-0.22 | ||
| Q3 25 | $0.51 | $-0.20 | ||
| Q2 25 | $0.50 | $-0.23 | ||
| Q1 25 | $0.56 | $-0.29 | ||
| Q4 24 | $0.43 | $-0.26 | ||
| Q3 24 | $0.38 | $-0.16 | ||
| Q2 24 | $0.40 | $-0.20 | ||
| Q1 24 | $0.35 | $-0.27 |
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 | $49.9M |
| Total DebtLower is stronger | — | $444.1M |
| Stockholders' EquityBook value | $220.0M | $-1.9M |
| Total Assets | $668.6M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | $49.9M | ||
| Q3 25 | $17.1M | $34.0M | ||
| Q2 25 | $13.2M | $44.0M | ||
| Q1 25 | $21.2M | $33.1M | ||
| Q4 24 | $6.3M | $26.2M | ||
| Q3 24 | $8.9M | $22.4M | ||
| Q2 24 | $13.9M | $24.3M | ||
| Q1 24 | $11.0M | $12.6M |
| Q4 25 | — | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $220.0M | $-1.9M | ||
| Q3 25 | $212.4M | $11.4M | ||
| Q2 25 | $202.5M | $18.2M | ||
| Q1 25 | $193.0M | $71.4M | ||
| Q4 24 | $181.9M | $97.5M | ||
| Q3 24 | $174.3M | $110.3M | ||
| Q2 24 | $167.8M | $81.5M | ||
| Q1 24 | $160.0M | $91.7M |
| Q4 25 | $668.6M | $1.2B | ||
| Q3 25 | $670.5M | $1.2B | ||
| Q2 25 | $659.0M | $1.2B | ||
| Q1 25 | $664.6M | $1.1B | ||
| Q4 24 | $648.9M | $1.1B | ||
| Q3 24 | $655.5M | $1.1B | ||
| Q2 24 | $654.4M | $1.1B | ||
| Q1 24 | $656.6M | $983.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.1M | $36.7M |
| Free Cash FlowOCF − Capex | $11.6M | $27.8M |
| FCF MarginFCF / Revenue | 3.4% | 8.2% |
| Capex IntensityCapex / Revenue | 2.9% | 2.6% |
| Cash ConversionOCF / Net Profit | 1.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $36.7M | ||
| Q3 25 | $15.6M | $-26.6M | ||
| Q2 25 | $2.9M | $-7.0M | ||
| Q1 25 | $34.1M | $-22.1M | ||
| Q4 24 | $2.7M | $2.8M | ||
| Q3 24 | $24.5M | $-332.0K | ||
| Q2 24 | $12.4M | $-23.7M | ||
| Q1 24 | $20.2M | $8.0M |
| Q4 25 | $11.6M | $27.8M | ||
| Q3 25 | $7.5M | $-44.7M | ||
| Q2 25 | $-4.2M | $-27.5M | ||
| Q1 25 | $27.6M | $-63.4M | ||
| Q4 24 | $-6.9M | $-15.4M | ||
| Q3 24 | $18.0M | $-36.7M | ||
| Q2 24 | $3.6M | $-59.9M | ||
| Q1 24 | $9.8M | $-60.9M |
| Q4 25 | 3.4% | 8.2% | ||
| Q3 25 | 2.2% | -12.6% | ||
| Q2 25 | -1.3% | -9.8% | ||
| Q1 25 | 8.2% | -29.7% | ||
| Q4 24 | -2.1% | -6.7% | ||
| Q3 24 | 5.6% | -16.6% | ||
| Q2 24 | 1.2% | -28.7% | ||
| Q1 24 | 3.2% | -31.7% |
| Q4 25 | 2.9% | 2.6% | ||
| Q3 25 | 2.4% | 5.1% | ||
| Q2 25 | 2.2% | 7.3% | ||
| Q1 25 | 1.9% | 19.3% | ||
| Q4 24 | 2.9% | 7.9% | ||
| Q3 24 | 2.0% | 16.5% | ||
| Q2 24 | 2.9% | 17.4% | ||
| Q1 24 | 3.4% | 35.8% |
| 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
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
