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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and Xometry, Inc. (XMTR). 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 $192.4M, roughly 1.7× Xometry, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -4.5%, a 7.9% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 1.6%). Natural Grocers by Vitamin Cottage, Inc. produced more free cash flow last quarter ($11.6M vs $-5.9M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
NGVC vs XMTR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $192.4M |
| Net Profit | $11.3M | $-8.6M |
| Gross Margin | 29.5% | 39.1% |
| Operating Margin | 4.4% | -4.6% |
| Net Margin | 3.4% | -4.5% |
| Revenue YoY | 1.6% | 29.5% |
| Net Profit YoY | 14.0% | 12.7% |
| EPS (diluted) | $0.49 | — |
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 | $192.4M | ||
| Q3 25 | $336.1M | $180.7M | ||
| Q2 25 | $328.7M | $162.5M | ||
| Q1 25 | $335.8M | $151.0M | ||
| Q4 24 | $330.2M | $148.5M | ||
| Q3 24 | $322.7M | $141.7M | ||
| Q2 24 | $309.1M | $132.6M | ||
| Q1 24 | $308.1M | $122.7M |
| Q4 25 | $11.3M | $-8.6M | ||
| Q3 25 | $11.8M | $-11.6M | ||
| Q2 25 | $11.6M | $-26.4M | ||
| Q1 25 | $13.1M | $-15.1M | ||
| Q4 24 | $9.9M | $-9.9M | ||
| Q3 24 | $9.0M | $-10.2M | ||
| Q2 24 | $9.2M | $-13.7M | ||
| Q1 24 | $8.0M | $-16.6M |
| Q4 25 | 29.5% | 39.1% | ||
| Q3 25 | 29.5% | 39.9% | ||
| Q2 25 | 29.9% | 40.1% | ||
| Q1 25 | 30.3% | 37.3% | ||
| Q4 24 | 29.9% | 39.7% | ||
| Q3 24 | 29.6% | 39.4% | ||
| Q2 24 | 29.2% | 39.9% | ||
| Q1 24 | 29.3% | 39.0% |
| Q4 25 | 4.4% | -4.6% | ||
| Q3 25 | 4.6% | -6.1% | ||
| Q2 25 | 4.7% | -6.3% | ||
| Q1 25 | 5.2% | -10.2% | ||
| Q4 24 | 4.0% | -7.8% | ||
| Q3 24 | 3.7% | -8.1% | ||
| Q2 24 | 4.2% | -11.5% | ||
| Q1 24 | 3.7% | -14.6% |
| Q4 25 | 3.4% | -4.5% | ||
| Q3 25 | 3.5% | -6.4% | ||
| Q2 25 | 3.5% | -16.3% | ||
| Q1 25 | 3.9% | -10.0% | ||
| Q4 24 | 3.0% | -6.7% | ||
| Q3 24 | 2.8% | -7.2% | ||
| Q2 24 | 3.0% | -10.3% | ||
| Q1 24 | 2.6% | -13.5% |
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.51 | — | ||
| Q2 25 | $0.50 | — | ||
| Q1 25 | $0.56 | — | ||
| Q4 24 | $0.43 | — | ||
| Q3 24 | $0.38 | — | ||
| Q2 24 | $0.40 | — | ||
| Q1 24 | $0.35 | — |
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 | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $275.6M |
| Total Assets | $668.6M | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | $219.1M | ||
| Q3 25 | $17.1M | $224.5M | ||
| Q2 25 | $13.2M | $225.8M | ||
| Q1 25 | $21.2M | $231.4M | ||
| Q4 24 | $6.3M | $239.8M | ||
| Q3 24 | $8.9M | $234.0M | ||
| Q2 24 | $13.9M | $240.9M | ||
| Q1 24 | $11.0M | $253.8M |
| Q4 25 | $220.0M | $275.6M | ||
| Q3 25 | $212.4M | $272.0M | ||
| Q2 25 | $202.5M | $270.4M | ||
| Q1 25 | $193.0M | $309.9M | ||
| Q4 24 | $181.9M | $314.5M | ||
| Q3 24 | $174.3M | $315.2M | ||
| Q2 24 | $167.8M | $315.8M | ||
| Q1 24 | $160.0M | $320.4M |
| Q4 25 | $668.6M | $703.7M | ||
| Q3 25 | $670.5M | $698.9M | ||
| Q2 25 | $659.0M | $687.0M | ||
| Q1 25 | $664.6M | $690.1M | ||
| Q4 24 | $648.9M | $680.1M | ||
| Q3 24 | $655.5M | $678.2M | ||
| Q2 24 | $654.4M | $678.6M | ||
| Q1 24 | $656.6M | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $11.6M | $-5.9M |
| FCF MarginFCF / Revenue | 3.4% | -3.0% |
| Capex IntensityCapex / Revenue | 2.9% | 5.3% |
| Cash ConversionOCF / Net Profit | 1.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $4.4M | ||
| Q3 25 | $15.6M | $5.8M | ||
| Q2 25 | $2.9M | $-427.0K | ||
| Q1 25 | $34.1M | $-3.7M | ||
| Q4 24 | $2.7M | $9.1M | ||
| Q3 24 | $24.5M | $-3.6M | ||
| Q2 24 | $12.4M | $-9.1M | ||
| Q1 24 | $20.2M | $-11.7M |
| Q4 25 | $11.6M | $-5.9M | ||
| Q3 25 | $7.5M | $-1.7M | ||
| Q2 25 | $-4.2M | $-7.4M | ||
| Q1 25 | $27.6M | $-9.2M | ||
| Q4 24 | $-6.9M | $4.5M | ||
| Q3 24 | $18.0M | $-8.4M | ||
| Q2 24 | $3.6M | $-13.5M | ||
| Q1 24 | $9.8M | $-16.1M |
| Q4 25 | 3.4% | -3.0% | ||
| Q3 25 | 2.2% | -0.9% | ||
| Q2 25 | -1.3% | -4.5% | ||
| Q1 25 | 8.2% | -6.1% | ||
| Q4 24 | -2.1% | 3.1% | ||
| Q3 24 | 5.6% | -6.0% | ||
| Q2 24 | 1.2% | -10.2% | ||
| Q1 24 | 3.2% | -13.1% |
| Q4 25 | 2.9% | 5.3% | ||
| Q3 25 | 2.4% | 4.1% | ||
| Q2 25 | 2.2% | 4.3% | ||
| Q1 25 | 1.9% | 3.6% | ||
| Q4 24 | 2.9% | 3.1% | ||
| Q3 24 | 2.0% | 3.4% | ||
| Q2 24 | 2.9% | 3.3% | ||
| Q1 24 | 3.4% | 3.5% |
| 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% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
