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Side-by-side financial comparison of Natural Grocers by Vitamin Cottage, Inc. (NGVC) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
ZILLOW GROUP, INC. is the larger business by last-quarter revenue ($654.0M vs $335.6M, roughly 1.9× Natural Grocers by Vitamin Cottage, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs 0.5%, a 2.9% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs 1.6%). ZILLOW GROUP, INC. produced more free cash flow last quarter ($44.0M vs $11.6M). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% 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.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
NGVC vs ZG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $335.6M | $654.0M |
| Net Profit | $11.3M | $3.0M |
| Gross Margin | 29.5% | 72.8% |
| Operating Margin | 4.4% | -1.7% |
| Net Margin | 3.4% | 0.5% |
| Revenue YoY | 1.6% | 18.1% |
| Net Profit YoY | 14.0% | 105.8% |
| EPS (diluted) | $0.49 | $0.01 |
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 | $654.0M | ||
| Q3 25 | $336.1M | $676.0M | ||
| Q2 25 | $328.7M | $655.0M | ||
| Q1 25 | $335.8M | $598.0M | ||
| Q4 24 | $330.2M | $554.0M | ||
| Q3 24 | $322.7M | $581.0M | ||
| Q2 24 | $309.1M | $572.0M | ||
| Q1 24 | $308.1M | $529.0M |
| Q4 25 | $11.3M | $3.0M | ||
| Q3 25 | $11.8M | $10.0M | ||
| Q2 25 | $11.6M | $2.0M | ||
| Q1 25 | $13.1M | $8.0M | ||
| Q4 24 | $9.9M | $-52.0M | ||
| Q3 24 | $9.0M | $-20.0M | ||
| Q2 24 | $9.2M | $-17.0M | ||
| Q1 24 | $8.0M | $-23.0M |
| Q4 25 | 29.5% | 72.8% | ||
| Q3 25 | 29.5% | 72.6% | ||
| Q2 25 | 29.9% | 74.7% | ||
| Q1 25 | 30.3% | 76.8% | ||
| Q4 24 | 29.9% | 75.8% | ||
| Q3 24 | 29.6% | 75.9% | ||
| Q2 24 | 29.2% | 77.3% | ||
| Q1 24 | 29.3% | 76.7% |
| Q4 25 | 4.4% | -1.7% | ||
| Q3 25 | 4.6% | -0.4% | ||
| Q2 25 | 4.7% | -1.7% | ||
| Q1 25 | 5.2% | -1.5% | ||
| Q4 24 | 4.0% | -12.5% | ||
| Q3 24 | 3.7% | -7.7% | ||
| Q2 24 | 4.2% | -6.6% | ||
| Q1 24 | 3.7% | -8.5% |
| Q4 25 | 3.4% | 0.5% | ||
| Q3 25 | 3.5% | 1.5% | ||
| Q2 25 | 3.5% | 0.3% | ||
| Q1 25 | 3.9% | 1.3% | ||
| Q4 24 | 3.0% | -9.4% | ||
| Q3 24 | 2.8% | -3.4% | ||
| Q2 24 | 3.0% | -3.0% | ||
| Q1 24 | 2.6% | -4.3% |
| Q4 25 | $0.49 | $0.01 | ||
| Q3 25 | $0.51 | $0.04 | ||
| Q2 25 | $0.50 | $0.01 | ||
| Q1 25 | $0.56 | $0.03 | ||
| Q4 24 | $0.43 | $-0.23 | ||
| Q3 24 | $0.38 | $-0.08 | ||
| Q2 24 | $0.40 | $-0.07 | ||
| Q1 24 | $0.35 | $-0.10 |
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 | $768.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $220.0M | $4.9B |
| Total Assets | $668.6M | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.2M | $768.0M | ||
| Q3 25 | $17.1M | $874.0M | ||
| Q2 25 | $13.2M | $587.0M | ||
| Q1 25 | $21.2M | $914.0M | ||
| Q4 24 | $6.3M | $1.1B | ||
| Q3 24 | $8.9M | $1.1B | ||
| Q2 24 | $13.9M | $1.2B | ||
| Q1 24 | $11.0M | $1.4B |
| Q4 25 | $220.0M | $4.9B | ||
| Q3 25 | $212.4M | $5.0B | ||
| Q2 25 | $202.5M | $4.7B | ||
| Q1 25 | $193.0M | $4.8B | ||
| Q4 24 | $181.9M | $4.8B | ||
| Q3 24 | $174.3M | $4.7B | ||
| Q2 24 | $167.8M | $4.5B | ||
| Q1 24 | $160.0M | $4.7B |
| Q4 25 | $668.6M | $5.7B | ||
| Q3 25 | $670.5M | $5.7B | ||
| Q2 25 | $659.0M | $5.4B | ||
| Q1 25 | $664.6M | $5.7B | ||
| Q4 24 | $648.9M | $5.8B | ||
| Q3 24 | $655.5M | $6.2B | ||
| Q2 24 | $654.4M | $6.6B | ||
| Q1 24 | $656.6M | $6.8B |
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 | $72.0M |
| Free Cash FlowOCF − Capex | $11.6M | $44.0M |
| FCF MarginFCF / Revenue | 3.4% | 6.7% |
| Capex IntensityCapex / Revenue | 2.9% | 4.3% |
| Cash ConversionOCF / Net Profit | 1.86× | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | $42.6M | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $72.0M | ||
| Q3 25 | $15.6M | $105.0M | ||
| Q2 25 | $2.9M | $87.0M | ||
| Q1 25 | $34.1M | $104.0M | ||
| Q4 24 | $2.7M | $122.0M | ||
| Q3 24 | $24.5M | $171.0M | ||
| Q2 24 | $12.4M | $55.0M | ||
| Q1 24 | $20.2M | $80.0M |
| Q4 25 | $11.6M | $44.0M | ||
| Q3 25 | $7.5M | $73.0M | ||
| Q2 25 | $-4.2M | $50.0M | ||
| Q1 25 | $27.6M | $68.0M | ||
| Q4 24 | $-6.9M | $88.0M | ||
| Q3 24 | $18.0M | $138.0M | ||
| Q2 24 | $3.6M | $18.0M | ||
| Q1 24 | $9.8M | $41.0M |
| Q4 25 | 3.4% | 6.7% | ||
| Q3 25 | 2.2% | 10.8% | ||
| Q2 25 | -1.3% | 7.6% | ||
| Q1 25 | 8.2% | 11.4% | ||
| Q4 24 | -2.1% | 15.9% | ||
| Q3 24 | 5.6% | 23.8% | ||
| Q2 24 | 1.2% | 3.1% | ||
| Q1 24 | 3.2% | 7.8% |
| Q4 25 | 2.9% | 4.3% | ||
| Q3 25 | 2.4% | 4.7% | ||
| Q2 25 | 2.2% | 5.6% | ||
| Q1 25 | 1.9% | 6.0% | ||
| Q4 24 | 2.9% | 6.1% | ||
| Q3 24 | 2.0% | 5.7% | ||
| Q2 24 | 2.9% | 6.5% | ||
| Q1 24 | 3.4% | 7.4% |
| Q4 25 | 1.86× | 24.00× | ||
| Q3 25 | 1.32× | 10.50× | ||
| Q2 25 | 0.25× | 43.50× | ||
| Q1 25 | 2.60× | 13.00× | ||
| 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% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
