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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and WESBANCO INC (WSBC). 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 $257.2M, roughly 1.3× WESBANCO INC). WESBANCO INC runs the higher net margin — 34.5% vs 3.4%, a 31.1% gap on every dollar of revenue. Over the past eight quarters, WESBANCO INC's revenue compounded faster (31.9% 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.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
NGVC vs WSBC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $257.2M |
| Net Profit | $11.3M | $88.6M |
| Gross Margin | 29.5% | — |
| Operating Margin | 4.4% | — |
| Net Margin | 3.4% | 34.5% |
| Revenue YoY | 1.6% | — |
| Net Profit YoY | 14.0% | 54.4% |
| EPS (diluted) | $0.49 | $0.88 |
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 | — | $257.2M | ||
| Q4 25 | $335.6M | $265.6M | ||
| Q3 25 | $336.1M | $261.6M | ||
| Q2 25 | $328.7M | $260.7M | ||
| Q1 25 | $335.8M | $193.2M | ||
| Q4 24 | $330.2M | $162.9M | ||
| Q3 24 | $322.7M | $150.8M | ||
| Q2 24 | $309.1M | $147.9M |
| Q1 26 | — | $88.6M | ||
| Q4 25 | $11.3M | $91.1M | ||
| Q3 25 | $11.8M | $83.6M | ||
| Q2 25 | $11.6M | $57.4M | ||
| Q1 25 | $13.1M | $-9.0M | ||
| Q4 24 | $9.9M | $49.6M | ||
| Q3 24 | $9.0M | $37.3M | ||
| Q2 24 | $9.2M | $28.9M |
| 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 | — | — | ||
| Q4 25 | 4.4% | 43.2% | ||
| Q3 25 | 4.6% | 39.5% | ||
| Q2 25 | 4.7% | 27.2% | ||
| Q1 25 | 5.2% | -5.0% | ||
| Q4 24 | 4.0% | 38.0% | ||
| Q3 24 | 3.7% | 29.7% | ||
| Q2 24 | 4.2% | 23.7% |
| Q1 26 | — | 34.5% | ||
| Q4 25 | 3.4% | 34.3% | ||
| Q3 25 | 3.5% | 31.9% | ||
| Q2 25 | 3.5% | 22.0% | ||
| Q1 25 | 3.9% | -4.7% | ||
| Q4 24 | 3.0% | 30.5% | ||
| Q3 24 | 2.8% | 24.7% | ||
| Q2 24 | 3.0% | 19.5% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $0.49 | $0.97 | ||
| Q3 25 | $0.51 | $0.84 | ||
| Q2 25 | $0.50 | $0.57 | ||
| Q1 25 | $0.56 | $-0.15 | ||
| Q4 24 | $0.43 | $0.72 | ||
| Q3 24 | $0.38 | $0.54 | ||
| Q2 24 | $0.40 | $0.44 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $4.1B |
| Total Assets | $668.6M | $27.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $23.2M | $956.1M | ||
| Q3 25 | $17.1M | $1.0B | ||
| Q2 25 | $13.2M | $1.2B | ||
| Q1 25 | $21.2M | $1.1B | ||
| Q4 24 | $6.3M | $568.1M | ||
| Q3 24 | $8.9M | $620.9M | ||
| Q2 24 | $13.9M | $486.8M |
| Q1 26 | — | $4.1B | ||
| Q4 25 | $220.0M | $4.0B | ||
| Q3 25 | $212.4M | $4.1B | ||
| Q2 25 | $202.5M | $3.8B | ||
| Q1 25 | $193.0M | $3.8B | ||
| Q4 24 | $181.9M | $2.8B | ||
| Q3 24 | $174.3M | $2.8B | ||
| Q2 24 | $167.8M | $2.5B |
| Q1 26 | — | $27.5B | ||
| Q4 25 | $668.6M | $27.7B | ||
| Q3 25 | $670.5M | $27.5B | ||
| Q2 25 | $659.0M | $27.6B | ||
| Q1 25 | $664.6M | $27.4B | ||
| Q4 24 | $648.9M | $18.7B | ||
| Q3 24 | $655.5M | $18.5B | ||
| Q2 24 | $654.4M | $18.1B |
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 | $290.4M | ||
| Q3 25 | $15.6M | $116.9M | ||
| Q2 25 | $2.9M | $105.0M | ||
| Q1 25 | $34.1M | $-26.4M | ||
| Q4 24 | $2.7M | $211.0M | ||
| Q3 24 | $24.5M | $60.7M | ||
| Q2 24 | $12.4M | $18.2M |
| Q1 26 | — | — | ||
| Q4 25 | $11.6M | $280.0M | ||
| Q3 25 | $7.5M | $114.9M | ||
| Q2 25 | $-4.2M | $98.3M | ||
| Q1 25 | $27.6M | $-30.7M | ||
| Q4 24 | $-6.9M | $200.7M | ||
| Q3 24 | $18.0M | $56.9M | ||
| Q2 24 | $3.6M | $17.3M |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 105.4% | ||
| Q3 25 | 2.2% | 43.9% | ||
| Q2 25 | -1.3% | 37.7% | ||
| Q1 25 | 8.2% | -15.9% | ||
| Q4 24 | -2.1% | 123.2% | ||
| Q3 24 | 5.6% | 37.7% | ||
| Q2 24 | 1.2% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 3.9% | ||
| Q3 25 | 2.4% | 0.8% | ||
| Q2 25 | 2.2% | 2.6% | ||
| Q1 25 | 1.9% | 2.2% | ||
| Q4 24 | 2.9% | 6.3% | ||
| Q3 24 | 2.0% | 2.5% | ||
| Q2 24 | 2.9% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | 3.19× | ||
| Q3 25 | 1.32× | 1.40× | ||
| Q2 25 | 0.25× | 1.83× | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 0.27× | 4.25× | ||
| Q3 24 | 2.72× | 1.63× | ||
| Q2 24 | 1.35× | 0.63× |
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% |
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
