vs
Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and Xenia Hotels & Resorts, Inc. (XHR). 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 $265.6M, roughly 1.3× Xenia Hotels & Resorts, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs 2.3%, a 1.1% 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 1.4%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $5.5M). Over the past eight quarters, Natural Grocers by Vitamin Cottage, Inc.'s revenue compounded faster (4.4% CAGR vs -0.4%).
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.
Xenia Hotels & Resorts, Inc. is a real estate investment trust that invests in hotels. As of December 31, 2024, it owned 31 hotels comprising 9,408 rooms.
NGVC vs XHR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $265.6M |
| Net Profit | $11.3M | $6.1M |
| Gross Margin | 29.5% | 30.4% |
| Operating Margin | 4.4% | 10.1% |
| Net Margin | 3.4% | 2.3% |
| Revenue YoY | 1.6% | 1.4% |
| Net Profit YoY | 14.0% | 1053.6% |
| EPS (diluted) | $0.49 | $0.07 |
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 | $265.6M | ||
| Q3 25 | $336.1M | $236.4M | ||
| Q2 25 | $328.7M | $287.6M | ||
| Q1 25 | $335.8M | $288.9M | ||
| Q4 24 | $330.2M | $261.8M | ||
| Q3 24 | $322.7M | $236.8M | ||
| Q2 24 | $309.1M | $272.9M | ||
| Q1 24 | $308.1M | $267.5M |
| Q4 25 | $11.3M | $6.1M | ||
| Q3 25 | $11.8M | $-13.7M | ||
| Q2 25 | $11.6M | $55.2M | ||
| Q1 25 | $13.1M | $15.6M | ||
| Q4 24 | $9.9M | $-638.0K | ||
| Q3 24 | $9.0M | $-7.1M | ||
| Q2 24 | $9.2M | $15.3M | ||
| Q1 24 | $8.0M | $8.5M |
| Q4 25 | 29.5% | 30.4% | ||
| Q3 25 | 29.5% | 25.1% | ||
| Q2 25 | 29.9% | 33.6% | ||
| Q1 25 | 30.3% | 32.3% | ||
| Q4 24 | 29.9% | 29.0% | ||
| Q3 24 | 29.6% | 25.8% | ||
| Q2 24 | 29.2% | 31.9% | ||
| Q1 24 | 29.3% | 31.6% |
| Q4 25 | 4.4% | 10.1% | ||
| Q3 25 | 4.6% | 2.0% | ||
| Q2 25 | 4.7% | 14.0% | ||
| Q1 25 | 5.2% | 12.4% | ||
| Q4 24 | 4.0% | 8.2% | ||
| Q3 24 | 3.7% | 3.2% | ||
| Q2 24 | 4.2% | 11.1% | ||
| Q1 24 | 3.7% | 10.3% |
| Q4 25 | 3.4% | 2.3% | ||
| Q3 25 | 3.5% | -5.8% | ||
| Q2 25 | 3.5% | 19.2% | ||
| Q1 25 | 3.9% | 5.4% | ||
| Q4 24 | 3.0% | -0.2% | ||
| Q3 24 | 2.8% | -3.0% | ||
| Q2 24 | 3.0% | 5.6% | ||
| Q1 24 | 2.6% | 3.2% |
| Q4 25 | $0.49 | $0.07 | ||
| Q3 25 | $0.51 | $-0.14 | ||
| Q2 25 | $0.50 | $0.56 | ||
| Q1 25 | $0.56 | $0.15 | ||
| Q4 24 | $0.43 | $-0.01 | ||
| Q3 24 | $0.38 | $-0.07 | ||
| Q2 24 | $0.40 | $0.15 | ||
| Q1 24 | $0.35 | $0.08 |
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 | $140.4M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $220.0M | $1.1B |
| Total Assets | $668.6M | $2.8B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | $140.4M | ||
| Q3 25 | $17.1M | $188.2M | ||
| Q2 25 | $13.2M | $172.6M | ||
| Q1 25 | $21.2M | $112.6M | ||
| Q4 24 | $6.3M | $78.2M | ||
| Q3 24 | $8.9M | $161.5M | ||
| Q2 24 | $13.9M | $143.6M | ||
| Q1 24 | $11.0M | $140.1M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $220.0M | $1.1B | ||
| Q3 25 | $212.4M | $1.2B | ||
| Q2 25 | $202.5M | $1.2B | ||
| Q1 25 | $193.0M | $1.2B | ||
| Q4 24 | $181.9M | $1.2B | ||
| Q3 24 | $174.3M | $1.3B | ||
| Q2 24 | $167.8M | $1.3B | ||
| Q1 24 | $160.0M | $1.3B |
| Q4 25 | $668.6M | $2.8B | ||
| Q3 25 | $670.5M | $2.9B | ||
| Q2 25 | $659.0M | $2.9B | ||
| Q1 25 | $664.6M | $2.9B | ||
| Q4 24 | $648.9M | $2.8B | ||
| Q3 24 | $655.5M | $2.9B | ||
| Q2 24 | $654.4M | $2.9B | ||
| Q1 24 | $656.6M | $2.9B |
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.18× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 1.11× | ||
| Q2 24 | — | 1.09× | ||
| Q1 24 | — | 1.09× |
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 | $21.4M |
| Free Cash FlowOCF − Capex | $11.6M | $5.5M |
| FCF MarginFCF / Revenue | 3.4% | 2.1% |
| Capex IntensityCapex / Revenue | 2.9% | 6.0% |
| Cash ConversionOCF / Net Profit | 1.86× | 3.52× |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $89.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $21.4M | ||
| Q3 25 | $15.6M | $64.0M | ||
| Q2 25 | $2.9M | $36.3M | ||
| Q1 25 | $34.1M | $54.8M | ||
| Q4 24 | $2.7M | $30.6M | ||
| Q3 24 | $24.5M | $51.2M | ||
| Q2 24 | $12.4M | $57.2M | ||
| Q1 24 | $20.2M | $24.7M |
| Q4 25 | $11.6M | $5.5M | ||
| Q3 25 | $7.5M | $44.2M | ||
| Q2 25 | $-4.2M | $17.8M | ||
| Q1 25 | $27.6M | $22.4M | ||
| Q4 24 | $-6.9M | $6.2M | ||
| Q3 24 | $18.0M | $4.3M | ||
| Q2 24 | $3.6M | $21.4M | ||
| Q1 24 | $9.8M | $-8.7M |
| Q4 25 | 3.4% | 2.1% | ||
| Q3 25 | 2.2% | 18.7% | ||
| Q2 25 | -1.3% | 6.2% | ||
| Q1 25 | 8.2% | 7.8% | ||
| Q4 24 | -2.1% | 2.4% | ||
| Q3 24 | 5.6% | 1.8% | ||
| Q2 24 | 1.2% | 7.8% | ||
| Q1 24 | 3.2% | -3.3% |
| Q4 25 | 2.9% | 6.0% | ||
| Q3 25 | 2.4% | 8.4% | ||
| Q2 25 | 2.2% | 6.4% | ||
| Q1 25 | 1.9% | 11.2% | ||
| Q4 24 | 2.9% | 9.3% | ||
| Q3 24 | 2.0% | 19.8% | ||
| Q2 24 | 2.9% | 13.1% | ||
| Q1 24 | 3.4% | 12.5% |
| Q4 25 | 1.86× | 3.52× | ||
| Q3 25 | 1.32× | — | ||
| Q2 25 | 0.25× | 0.66× | ||
| Q1 25 | 2.60× | 3.51× | ||
| Q4 24 | 0.27× | — | ||
| Q3 24 | 2.72× | — | ||
| Q2 24 | 1.35× | 3.73× | ||
| Q1 24 | 2.54× | 2.90× |
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% |
XHR
| Other Geographic Areas | $79.1M | 30% |
| Orlando Florida | $35.5M | 13% |
| Phoenix Arizona | $32.4M | 12% |
| Houston Texas | $29.0M | 11% |
| San Diego California | $25.5M | 10% |
| Atlanta Georgia | $16.2M | 6% |
| San Francisco San Mateo California | $14.8M | 6% |
| Nashville TN | $11.7M | 4% |
| San Jose Santa Cruz CA | $10.5M | 4% |
| Hotel Other Direct | $6.6M | 2% |
