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Natural Grocers by Vitamin Cottage, Inc.（NGVC）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
Natural Grocers by Vitamin Cottage, Inc.的季度营收约是PLUG POWER INC的1.5倍（$335.6M vs $225.2M），Natural Grocers by Vitamin Cottage, Inc.净利率更高（3.4% vs -375.6%，领先379.0%），PLUG POWER INC同比增速更快（17.6% vs 1.6%），Natural Grocers by Vitamin Cottage, Inc.自由现金流更多（$11.6M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% 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。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
NGVC vs PLUG — 直观对比
营收规模更大
NGVC
是对方的1.5倍
$225.2M
营收增速更快
PLUG
高出16.0%
1.6%
净利率更高
NGVC
高出379.0%
-375.6%
自由现金流更多
NGVC
多$164.6M
$-153.0M
两年增速更快
PLUG
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.6M | $225.2M |
| 净利润 | $11.3M | $-846.0M |
| 毛利率 | 29.5% | 2.4% |
| 营业利润率 | 4.4% | -338.9% |
| 净利率 | 3.4% | -375.6% |
| 营收同比 | 1.6% | 17.6% |
| 净利润同比 | 14.0% | 36.7% |
| 每股收益（稀释后） | $0.49 | $-0.70 |
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
营收NGVCPLUG
| Q4 25 | $335.6M | $225.2M | ||
| Q3 25 | $336.1M | $177.1M | ||
| Q2 25 | $328.7M | $174.0M | ||
| Q1 25 | $335.8M | $133.7M | ||
| Q4 24 | $330.2M | $191.5M | ||
| Q3 24 | $322.7M | $173.7M | ||
| Q2 24 | $309.1M | $143.3M | ||
| Q1 24 | $308.1M | $120.3M |
净利润NGVCPLUG
| Q4 25 | $11.3M | $-846.0M | ||
| Q3 25 | $11.8M | $-361.9M | ||
| Q2 25 | $11.6M | $-227.1M | ||
| Q1 25 | $13.1M | $-196.7M | ||
| Q4 24 | $9.9M | $-1.3B | ||
| Q3 24 | $9.0M | $-211.2M | ||
| Q2 24 | $9.2M | $-262.3M | ||
| Q1 24 | $8.0M | $-295.8M |
毛利率NGVCPLUG
| Q4 25 | 29.5% | 2.4% | ||
| Q3 25 | 29.5% | -67.9% | ||
| Q2 25 | 29.9% | -30.7% | ||
| Q1 25 | 30.3% | -55.3% | ||
| Q4 24 | 29.9% | -122.5% | ||
| Q3 24 | 29.6% | -57.6% | ||
| Q2 24 | 29.2% | -91.6% | ||
| Q1 24 | 29.3% | -132.3% |
营业利润率NGVCPLUG
| Q4 25 | 4.4% | -338.9% | ||
| Q3 25 | 4.6% | -197.0% | ||
| Q2 25 | 4.7% | -101.7% | ||
| Q1 25 | 5.2% | -133.5% | ||
| Q4 24 | 4.0% | -678.7% | ||
| Q3 24 | 3.7% | -124.4% | ||
| Q2 24 | 4.2% | -170.7% | ||
| Q1 24 | 3.7% | -215.7% |
净利率NGVCPLUG
| Q4 25 | 3.4% | -375.6% | ||
| Q3 25 | 3.5% | -204.4% | ||
| Q2 25 | 3.5% | -130.5% | ||
| Q1 25 | 3.9% | -147.1% | ||
| Q4 24 | 3.0% | -697.5% | ||
| Q3 24 | 2.8% | -121.5% | ||
| Q2 24 | 3.0% | -183.0% | ||
| Q1 24 | 2.6% | -245.9% |
每股收益（稀释后）NGVCPLUG
| Q4 25 | $0.49 | $-0.70 | ||
| Q3 25 | $0.51 | $-0.31 | ||
| Q2 25 | $0.50 | $-0.20 | ||
| Q1 25 | $0.56 | $-0.21 | ||
| Q4 24 | $0.43 | $-1.61 | ||
| Q3 24 | $0.38 | $-0.25 | ||
| Q2 24 | $0.40 | $-0.36 | ||
| Q1 24 | $0.35 | $-0.46 |
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 | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $220.0M | $978.1M |
| 总资产 | $668.6M | $2.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NGVCPLUG
| Q4 25 | $23.2M | $368.5M | ||
| Q3 25 | $17.1M | $165.9M | ||
| Q2 25 | $13.2M | $140.7M | ||
| Q1 25 | $21.2M | $295.8M | ||
| Q4 24 | $6.3M | $205.7M | ||
| Q3 24 | $8.9M | $93.9M | ||
| Q2 24 | $13.9M | $62.4M | ||
| Q1 24 | $11.0M | $172.9M |
总债务NGVCPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益NGVCPLUG
| Q4 25 | $220.0M | $978.1M | ||
| Q3 25 | $212.4M | $1.4B | ||
| Q2 25 | $202.5M | $1.7B | ||
| Q1 25 | $193.0M | $1.9B | ||
| Q4 24 | $181.9M | $1.7B | ||
| Q3 24 | $174.3M | $3.0B | ||
| Q2 24 | $167.8M | $3.0B | ||
| Q1 24 | $160.0M | $2.9B |
总资产NGVCPLUG
| Q4 25 | $668.6M | $2.6B | ||
| Q3 25 | $670.5M | $3.1B | ||
| Q2 25 | $659.0M | $3.4B | ||
| Q1 25 | $664.6M | $3.6B | ||
| Q4 24 | $648.9M | $3.6B | ||
| Q3 24 | $655.5M | $4.7B | ||
| Q2 24 | $654.4M | $4.8B | ||
| Q1 24 | $656.6M | $4.8B |
负债/权益比NGVCPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | $-153.0M |
| 自由现金流率自由现金流/营收 | 3.4% | -67.9% |
| 资本支出强度资本支出/营收 | 2.9% | 1.9% |
| 现金转化率经营现金流/净利润 | 1.86× | — |
| 过去12个月自由现金流最近4个季度 | $42.6M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流NGVCPLUG
| Q4 25 | $21.1M | $-148.6M | ||
| Q3 25 | $15.6M | $-89.8M | ||
| Q2 25 | $2.9M | $-191.8M | ||
| Q1 25 | $34.1M | $-105.6M | ||
| Q4 24 | $2.7M | $-131.2M | ||
| Q3 24 | $24.5M | $-174.9M | ||
| Q2 24 | $12.4M | $-254.7M | ||
| Q1 24 | $20.2M | $-167.7M |
自由现金流NGVCPLUG
| Q4 25 | $11.6M | $-153.0M | ||
| Q3 25 | $7.5M | $-117.5M | ||
| Q2 25 | $-4.2M | $-230.4M | ||
| Q1 25 | $27.6M | $-146.0M | ||
| Q4 24 | $-6.9M | $-165.2M | ||
| Q3 24 | $18.0M | $-234.2M | ||
| Q2 24 | $3.6M | $-356.0M | ||
| Q1 24 | $9.8M | $-260.3M |
自由现金流率NGVCPLUG
| Q4 25 | 3.4% | -67.9% | ||
| Q3 25 | 2.2% | -66.4% | ||
| Q2 25 | -1.3% | -132.5% | ||
| Q1 25 | 8.2% | -109.2% | ||
| Q4 24 | -2.1% | -86.3% | ||
| Q3 24 | 5.6% | -134.8% | ||
| Q2 24 | 1.2% | -248.4% | ||
| Q1 24 | 3.2% | -216.5% |
资本支出强度NGVCPLUG
| Q4 25 | 2.9% | 1.9% | ||
| Q3 25 | 2.4% | 15.6% | ||
| Q2 25 | 2.2% | 22.2% | ||
| Q1 25 | 1.9% | 30.3% | ||
| Q4 24 | 2.9% | 17.7% | ||
| Q3 24 | 2.0% | 34.1% | ||
| Q2 24 | 2.9% | 70.7% | ||
| Q1 24 | 3.4% | 77.0% |
现金转化率NGVCPLUG
| 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× | — |
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% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
