vs
Grocery Outlet Holding Corp.（GO）与Natural Grocers by Vitamin Cottage, Inc.（NGVC）财务数据对比。点击上方公司名可切换其他公司
Grocery Outlet Holding Corp.的季度营收约是Natural Grocers by Vitamin Cottage, Inc.的3.5倍（$1.2B vs $335.6M）。Natural Grocers by Vitamin Cottage, Inc.净利率更高（3.4% vs 1.0%，领先2.4%）。Grocery Outlet Holding Corp.同比增速更快（5.4% vs 1.6%）。Natural Grocers by Vitamin Cottage, Inc.自由现金流更多（$11.6M vs $-21.6M）。过去两年Grocery Outlet Holding Corp.的营收复合增速更高（8.6% vs 4.4%）
Grocery Outlet Holding Corp.是美国知名的折扣清仓零售企业，旗下所有门店均为超市，主打销售品牌厂商及自有品牌供应商的库存积压与清仓商品，价格优惠。目前该公司的门店已分布在美国加利福尼亚、俄勒冈、华盛顿、爱达荷等十余州。
Natural Grocers by Vitamin Cottage, Inc.是美国本土的特色零售连锁企业，主营认证有机食品、膳食补充剂、天然个护及环保家居类产品，面向健康意识较强的消费群体，门店覆盖美国多州，执行严格品控标准，拒绝售卖含人工添加剂的商品。
GO vs NGVC — 直观对比
损益表 — Q3 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $335.6M |
| 净利润 | $11.6M | $11.3M |
| 毛利率 | 30.4% | 29.5% |
| 营业利润率 | 2.0% | 4.4% |
| 净利率 | 1.0% | 3.4% |
| 营收同比 | 5.4% | 1.6% |
| 净利润同比 | -52.0% | 14.0% |
| 每股收益（稀释后） | $0.12 | $0.49 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | — | $335.6M | ||
| Q3 25 | $1.2B | $336.1M | ||
| Q2 25 | $1.2B | $328.7M | ||
| Q1 25 | $1.1B | $335.8M | ||
| Q4 24 | $1.1B | $330.2M | ||
| Q3 24 | $1.1B | $322.7M | ||
| Q2 24 | $1.1B | $309.1M | ||
| Q1 24 | $1.0B | $308.1M |
| Q4 25 | — | $11.3M | ||
| Q3 25 | $11.6M | $11.8M | ||
| Q2 25 | $5.0M | $11.6M | ||
| Q1 25 | $-23.3M | $13.1M | ||
| Q4 24 | $2.3M | $9.9M | ||
| Q3 24 | $24.2M | $9.0M | ||
| Q2 24 | $14.0M | $9.2M | ||
| Q1 24 | $-1.0M | $8.0M |
| Q4 25 | — | 29.5% | ||
| Q3 25 | 30.4% | 29.5% | ||
| Q2 25 | 30.6% | 29.9% | ||
| Q1 25 | 30.4% | 30.3% | ||
| Q4 24 | 29.5% | 29.9% | ||
| Q3 24 | 31.1% | 29.6% | ||
| Q2 24 | 30.9% | 29.2% | ||
| Q1 24 | 29.3% | 29.3% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | 1.1% | 4.7% | ||
| Q1 25 | -2.0% | 5.2% | ||
| Q4 24 | 1.0% | 4.0% | ||
| Q3 24 | 3.6% | 3.7% | ||
| Q2 24 | 2.3% | 4.2% | ||
| Q1 24 | 0.1% | 3.7% |
| Q4 25 | — | 3.4% | ||
| Q3 25 | 1.0% | 3.5% | ||
| Q2 25 | 0.4% | 3.5% | ||
| Q1 25 | -2.1% | 3.9% | ||
| Q4 24 | 0.2% | 3.0% | ||
| Q3 24 | 2.2% | 2.8% | ||
| Q2 24 | 1.2% | 3.0% | ||
| Q1 24 | -0.1% | 2.6% |
| Q4 25 | — | $0.49 | ||
| Q3 25 | $0.12 | $0.51 | ||
| Q2 25 | $0.05 | $0.50 | ||
| Q1 25 | $-0.24 | $0.56 | ||
| Q4 24 | $0.03 | $0.43 | ||
| Q3 24 | $0.24 | $0.38 | ||
| Q2 24 | $0.14 | $0.40 | ||
| Q1 24 | $-0.01 | $0.35 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $52.1M | $23.2M |
| 总债务越低越好 | $500.3M | — |
| 股东权益账面价值 | $1.2B | $220.0M |
| 总资产 | $3.4B | $668.6M |
| 负债/权益比越低杠杆越低 | 0.42× | — |
8季度趋势，按日历期对齐
| Q4 25 | — | $23.2M | ||
| Q3 25 | $52.1M | $17.1M | ||
| Q2 25 | $55.2M | $13.2M | ||
| Q1 25 | $50.9M | $21.2M | ||
| Q4 24 | $62.8M | $6.3M | ||
| Q3 24 | $68.7M | $8.9M | ||
| Q2 24 | $67.1M | $13.9M | ||
| Q1 24 | $66.9M | $11.0M |
| Q4 25 | — | — | ||
| Q3 25 | $500.3M | — | ||
| Q2 25 | $473.9M | — | ||
| Q1 25 | $475.7M | — | ||
| Q4 24 | $477.5M | — | ||
| Q3 24 | $429.3M | — | ||
| Q2 24 | $379.2M | — | ||
| Q1 24 | $291.0M | — |
| Q4 25 | — | $220.0M | ||
| Q3 25 | $1.2B | $212.4M | ||
| Q2 25 | $1.2B | $202.5M | ||
| Q1 25 | $1.2B | $193.0M | ||
| Q4 24 | $1.2B | $181.9M | ||
| Q3 24 | $1.2B | $174.3M | ||
| Q2 24 | $1.2B | $167.8M | ||
| Q1 24 | $1.2B | $160.0M |
| Q4 25 | — | $668.6M | ||
| Q3 25 | $3.4B | $670.5M | ||
| Q2 25 | $3.3B | $659.0M | ||
| Q1 25 | $3.3B | $664.6M | ||
| Q4 24 | $3.2B | $648.9M | ||
| Q3 24 | $3.1B | $655.5M | ||
| Q2 24 | $3.1B | $654.4M | ||
| Q1 24 | $3.0B | $656.6M |
| Q4 25 | — | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.24× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $17.3M | $21.1M |
| 自由现金流经营现金流 - 资本支出 | $-21.6M | $11.6M |
| 自由现金流率自由现金流/营收 | -1.8% | 3.4% |
| 资本支出强度资本支出/营收 | 3.3% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.49× | 1.86× |
| 过去12个月自由现金流最近4个季度 | $-28.3M | $42.6M |
8季度趋势，按日历期对齐
| Q4 25 | — | $21.1M | ||
| Q3 25 | $17.3M | $15.6M | ||
| Q2 25 | $73.6M | $2.9M | ||
| Q1 25 | $58.9M | $34.1M | ||
| Q4 24 | $39.5M | $2.7M | ||
| Q3 24 | $23.0M | $24.5M | ||
| Q2 24 | $41.6M | $12.4M | ||
| Q1 24 | $7.8M | $20.2M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | $-21.6M | $7.5M | ||
| Q2 25 | $14.4M | $-4.2M | ||
| Q1 25 | $-1.5M | $27.6M | ||
| Q4 24 | $-19.6M | $-6.9M | ||
| Q3 24 | $-19.3M | $18.0M | ||
| Q2 24 | $2.7M | $3.6M | ||
| Q1 24 | $-38.4M | $9.8M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | -1.8% | 2.2% | ||
| Q2 25 | 1.2% | -1.3% | ||
| Q1 25 | -0.1% | 8.2% | ||
| Q4 24 | -1.8% | -2.1% | ||
| Q3 24 | -1.7% | 5.6% | ||
| Q2 24 | 0.2% | 1.2% | ||
| Q1 24 | -3.7% | 3.2% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | 3.3% | 2.4% | ||
| Q2 25 | 5.0% | 2.2% | ||
| Q1 25 | 5.4% | 1.9% | ||
| Q4 24 | 5.4% | 2.9% | ||
| Q3 24 | 3.8% | 2.0% | ||
| Q2 24 | 3.4% | 2.9% | ||
| Q1 24 | 4.5% | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | 1.49× | 1.32× | ||
| Q2 25 | 14.84× | 0.25× | ||
| Q1 25 | — | 2.60× | ||
| Q4 24 | 17.09× | 0.27× | ||
| Q3 24 | 0.95× | 2.72× | ||
| Q2 24 | 2.97× | 1.35× | ||
| Q1 24 | — | 2.54× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GO
| Non Perishable | $727.2M | 62% |
| Perishable | $441.0M | 38% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
