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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $335.6M, roughly 1.5× Natural Grocers by Vitamin Cottage, Inc.). WOLVERINE WORLD WIDE INC runs the higher net margin — 6.1% vs 3.4%, a 2.8% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 1.6%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $11.6M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% 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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
NGVC vs WWW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $517.5M |
| Net Profit | $11.3M | $31.8M |
| Gross Margin | 29.5% | 47.3% |
| Operating Margin | 4.4% | 9.7% |
| Net Margin | 3.4% | 6.1% |
| Revenue YoY | 1.6% | 25.5% |
| Net Profit YoY | 14.0% | 162.8% |
| EPS (diluted) | $0.49 | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $335.6M | — | ||
| Q3 25 | $336.1M | $470.3M | ||
| Q2 25 | $328.7M | $474.2M | ||
| Q1 25 | $335.8M | $412.3M | ||
| Q4 24 | $330.2M | $494.7M | ||
| Q3 24 | $322.7M | $440.2M | ||
| Q2 24 | $309.1M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $11.3M | — | ||
| Q3 25 | $11.8M | $25.1M | ||
| Q2 25 | $11.6M | $26.8M | ||
| Q1 25 | $13.1M | $12.1M | ||
| Q4 24 | $9.9M | $23.1M | ||
| Q3 24 | $9.0M | $23.2M | ||
| Q2 24 | $9.2M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 29.5% | — | ||
| Q3 25 | 29.5% | 47.5% | ||
| Q2 25 | 29.9% | 47.2% | ||
| Q1 25 | 30.3% | 47.2% | ||
| Q4 24 | 29.9% | 43.4% | ||
| Q3 24 | 29.6% | 45.1% | ||
| Q2 24 | 29.2% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 4.6% | 8.4% | ||
| Q2 25 | 4.7% | 8.6% | ||
| Q1 25 | 5.2% | 4.8% | ||
| Q4 24 | 4.0% | 7.4% | ||
| Q3 24 | 3.7% | 7.9% | ||
| Q2 24 | 4.2% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | 3.5% | 5.3% | ||
| Q2 25 | 3.5% | 5.7% | ||
| Q1 25 | 3.9% | 2.9% | ||
| Q4 24 | 3.0% | 4.7% | ||
| Q3 24 | 2.8% | 5.3% | ||
| Q2 24 | 3.0% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.51 | $0.30 | ||
| Q2 25 | $0.50 | $0.32 | ||
| Q1 25 | $0.56 | $0.15 | ||
| Q4 24 | $0.43 | $0.29 | ||
| Q3 24 | $0.38 | $0.28 | ||
| Q2 24 | $0.40 | $0.17 |
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 | — | $621.7M |
| Stockholders' EquityBook value | $220.0M | $408.0M |
| Total Assets | $668.6M | $1.7B |
| Debt / EquityLower = less leverage | — | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 | — | $621.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $676.4M | ||
| Q2 25 | — | $708.5M | ||
| Q1 25 | — | $710.8M | ||
| Q4 24 | — | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $220.0M | — | ||
| Q3 25 | $212.4M | $376.7M | ||
| Q2 25 | $202.5M | $344.0M | ||
| Q1 25 | $193.0M | $310.6M | ||
| Q4 24 | $181.9M | $312.9M | ||
| Q3 24 | $174.3M | $295.2M | ||
| Q2 24 | $167.8M | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $668.6M | — | ||
| Q3 25 | $670.5M | $1.7B | ||
| Q2 25 | $659.0M | $1.8B | ||
| Q1 25 | $664.6M | $1.7B | ||
| Q4 24 | $648.9M | $1.7B | ||
| Q3 24 | $655.5M | $1.8B | ||
| Q2 24 | $654.4M | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
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 | $146.2M |
| Free Cash FlowOCF − Capex | $11.6M | $145.6M |
| FCF MarginFCF / Revenue | 3.4% | 28.1% |
| Capex IntensityCapex / Revenue | 2.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.86× | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $21.1M | — | ||
| Q3 25 | $15.6M | $33.0M | ||
| Q2 25 | $2.9M | $44.6M | ||
| Q1 25 | $34.1M | $-83.8M | ||
| Q4 24 | $2.7M | $82.4M | ||
| Q3 24 | $24.5M | $108.2M | ||
| Q2 24 | $12.4M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $11.6M | — | ||
| Q3 25 | $7.5M | $30.1M | ||
| Q2 25 | $-4.2M | $41.2M | ||
| Q1 25 | $27.6M | $-91.4M | ||
| Q4 24 | $-6.9M | $74.4M | ||
| Q3 24 | $18.0M | $104.1M | ||
| Q2 24 | $3.6M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.2% | 6.4% | ||
| Q2 25 | -1.3% | 8.7% | ||
| Q1 25 | 8.2% | -22.2% | ||
| Q4 24 | -2.1% | 15.0% | ||
| Q3 24 | 5.6% | 23.6% | ||
| Q2 24 | 1.2% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.4% | 0.6% | ||
| Q2 25 | 2.2% | 0.7% | ||
| Q1 25 | 1.9% | 1.8% | ||
| Q4 24 | 2.9% | 1.6% | ||
| Q3 24 | 2.0% | 0.9% | ||
| Q2 24 | 2.9% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 1.86× | — | ||
| Q3 25 | 1.32× | 1.31× | ||
| Q2 25 | 0.25× | 1.66× | ||
| Q1 25 | 2.60× | -6.93× | ||
| Q4 24 | 0.27× | 3.57× | ||
| Q3 24 | 2.72× | 4.66× | ||
| Q2 24 | 1.35× | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
