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Natural Grocers by Vitamin Cottage, Inc.（NGVC）与NATIONAL HEALTHCARE CORP（NHC）财务数据对比。点击上方公司名可切换其他公司
NATIONAL HEALTHCARE CORP的季度营收约是Natural Grocers by Vitamin Cottage, Inc.的1.2倍（$386.5M vs $335.6M），NATIONAL HEALTHCARE CORP净利率更高（6.4% vs 3.4%，领先3.1%），NATIONAL HEALTHCARE CORP同比增速更快（4.6% vs 1.6%），Natural Grocers by Vitamin Cottage, Inc.自由现金流更多（$11.6M vs $6.4M），过去两年NATIONAL HEALTHCARE CORP的营收复合增速更高（14.0% vs 4.4%）
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。
HCA Healthcare是1968年成立的美国营利性医疗服务运营商，总部位于田纳西州纳什维尔。截至2020年5月，该公司在全美20个州及英国持有并运营186家医院，还有约2400个医疗服务网点，涵盖手术中心、独立急诊室、紧急护理中心及医师诊所，2024年位列美国财富500强第61位。
NGVC vs NHC — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.6M | $386.5M |
| 净利润 | $11.3M | $24.8M |
| 毛利率 | 29.5% | — |
| 营业利润率 | 4.4% | 8.6% |
| 净利率 | 3.4% | 6.4% |
| 营收同比 | 1.6% | 4.6% |
| 净利润同比 | 14.0% | 308.6% |
| 每股收益（稀释后） | $0.49 | $1.58 |
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 | $386.5M | ||
| Q3 25 | $336.1M | $382.7M | ||
| Q2 25 | $328.7M | $374.9M | ||
| Q1 25 | $335.8M | $373.7M | ||
| Q4 24 | $330.2M | $369.4M | ||
| Q3 24 | $322.7M | $340.2M | ||
| Q2 24 | $309.1M | $300.7M | ||
| Q1 24 | $308.1M | $297.2M |
| Q4 25 | $11.3M | $24.8M | ||
| Q3 25 | $11.8M | $39.2M | ||
| Q2 25 | $11.6M | $23.7M | ||
| Q1 25 | $13.1M | $32.2M | ||
| Q4 24 | $9.9M | $6.1M | ||
| Q3 24 | $9.0M | $42.8M | ||
| Q2 24 | $9.2M | $26.8M | ||
| Q1 24 | $8.0M | $26.2M |
| Q4 25 | 29.5% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 29.9% | — | ||
| Q1 25 | 30.3% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 29.2% | — | ||
| Q1 24 | 29.3% | — |
| Q4 25 | 4.4% | 8.6% | ||
| Q3 25 | 4.6% | 7.9% | ||
| Q2 25 | 4.7% | 9.1% | ||
| Q1 25 | 5.2% | 8.2% | ||
| Q4 24 | 4.0% | 7.8% | ||
| Q3 24 | 3.7% | 6.7% | ||
| Q2 24 | 4.2% | 7.5% | ||
| Q1 24 | 3.7% | 5.3% |
| Q4 25 | 3.4% | 6.4% | ||
| Q3 25 | 3.5% | 10.3% | ||
| Q2 25 | 3.5% | 6.3% | ||
| Q1 25 | 3.9% | 8.6% | ||
| Q4 24 | 3.0% | 1.6% | ||
| Q3 24 | 2.8% | 12.6% | ||
| Q2 24 | 3.0% | 8.9% | ||
| Q1 24 | 2.6% | 8.8% |
| Q4 25 | $0.49 | $1.58 | ||
| Q3 25 | $0.51 | $2.50 | ||
| Q2 25 | $0.50 | $1.52 | ||
| Q1 25 | $0.56 | $2.07 | ||
| Q4 24 | $0.43 | $0.38 | ||
| Q3 24 | $0.38 | $2.73 | ||
| Q2 24 | $0.40 | $1.73 | ||
| Q1 24 | $0.35 | $1.69 |
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 | $23.2M | $92.8M |
| 总债务越低越好 | — | $40.0M |
| 股东权益账面价值 | $220.0M | $1.1B |
| 总资产 | $668.6M | $1.5B |
| 负债/权益比越低杠杆越低 | — | 0.04× |
8季度趋势，按日历期对齐
| Q4 25 | $23.2M | $92.8M | ||
| Q3 25 | $17.1M | $130.6M | ||
| Q2 25 | $13.2M | $111.0M | ||
| Q1 25 | $21.2M | $90.4M | ||
| Q4 24 | $6.3M | $76.1M | ||
| Q3 24 | $8.9M | $84.8M | ||
| Q2 24 | $13.9M | $136.2M | ||
| Q1 24 | $11.0M | $94.0M |
| Q4 25 | — | $40.0M | ||
| Q3 25 | — | $73.1M | ||
| Q2 25 | — | $110.0M | ||
| Q1 25 | — | $134.0M | ||
| Q4 24 | — | $137.0M | ||
| Q3 24 | — | $147.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $220.0M | $1.1B | ||
| Q3 25 | $212.4M | $1.1B | ||
| Q2 25 | $202.5M | $1.0B | ||
| Q1 25 | $193.0M | $1.0B | ||
| Q4 24 | $181.9M | $980.2M | ||
| Q3 24 | $174.3M | $983.5M | ||
| Q2 24 | $167.8M | $945.8M | ||
| Q1 24 | $160.0M | $924.7M |
| Q4 25 | $668.6M | $1.5B | ||
| Q3 25 | $670.5M | $1.6B | ||
| Q2 25 | $659.0M | $1.6B | ||
| Q1 25 | $664.6M | $1.5B | ||
| Q4 24 | $648.9M | $1.5B | ||
| Q3 24 | $655.5M | $1.6B | ||
| Q2 24 | $654.4M | $1.3B | ||
| Q1 24 | $656.6M | $1.3B |
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | — | ||
| Q1 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 | $21.1M | $16.8M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | $6.4M |
| 自由现金流率自由现金流/营收 | 3.4% | 1.7% |
| 资本支出强度资本支出/营收 | 2.9% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.86× | 0.68× |
| 过去12个月自由现金流最近4个季度 | $42.6M | $148.6M |
8季度趋势，按日历期对齐
| Q4 25 | $21.1M | $16.8M | ||
| Q3 25 | $15.6M | $66.2M | ||
| Q2 25 | $2.9M | $62.8M | ||
| Q1 25 | $34.1M | $39.3M | ||
| Q4 24 | $2.7M | $12.8M | ||
| Q3 24 | $24.5M | $34.2M | ||
| Q2 24 | $12.4M | $50.7M | ||
| Q1 24 | $20.2M | $9.6M |
| Q4 25 | $11.6M | $6.4M | ||
| Q3 25 | $7.5M | $56.5M | ||
| Q2 25 | $-4.2M | $52.6M | ||
| Q1 25 | $27.6M | $33.1M | ||
| Q4 24 | $-6.9M | $4.6M | ||
| Q3 24 | $18.0M | $28.6M | ||
| Q2 24 | $3.6M | $42.8M | ||
| Q1 24 | $9.8M | $3.7M |
| Q4 25 | 3.4% | 1.7% | ||
| Q3 25 | 2.2% | 14.8% | ||
| Q2 25 | -1.3% | 14.0% | ||
| Q1 25 | 8.2% | 8.9% | ||
| Q4 24 | -2.1% | 1.3% | ||
| Q3 24 | 5.6% | 8.4% | ||
| Q2 24 | 1.2% | 14.2% | ||
| Q1 24 | 3.2% | 1.2% |
| Q4 25 | 2.9% | 2.7% | ||
| Q3 25 | 2.4% | 2.5% | ||
| Q2 25 | 2.2% | 2.7% | ||
| Q1 25 | 1.9% | 1.6% | ||
| Q4 24 | 2.9% | 2.2% | ||
| Q3 24 | 2.0% | 1.7% | ||
| Q2 24 | 2.9% | 2.6% | ||
| Q1 24 | 3.4% | 2.0% |
| Q4 25 | 1.86× | 0.68× | ||
| Q3 25 | 1.32× | 1.69× | ||
| Q2 25 | 0.25× | 2.65× | ||
| Q1 25 | 2.60× | 1.22× | ||
| Q4 24 | 0.27× | 2.10× | ||
| Q3 24 | 2.72× | 0.80× | ||
| Q2 24 | 1.35× | 1.89× | ||
| Q1 24 | 2.54× | 0.37× |
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
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
NHC
| Inpatient Services Segment | $333.7M | 86% |
| Homecare Services Segment | $40.0M | 10% |
| Other | $11.2M | 3% |
| National | $1.6M | 0% |
