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Natural Grocers by Vitamin Cottage, Inc.（NGVC）与Tilray Brands, Inc.（TLRY）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Tilray Brands, Inc.的1.5倍（$335.6M vs $217.5M），Natural Grocers by Vitamin Cottage, Inc.净利率更高（3.4% vs -20.7%，领先24.0%），Tilray Brands, Inc.同比增速更快（3.1% vs 1.6%），过去两年Tilray Brands, Inc.的营收复合增速更高（7.5% 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。
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
NGVC vs TLRY — 直观对比
营收规模更大
NGVC
是对方的1.5倍
$217.5M
营收增速更快
TLRY
高出1.5%
1.6%
净利率更高
NGVC
高出24.0%
-20.7%
两年增速更快
TLRY
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.6M | $217.5M |
| 净利润 | $11.3M | $-44.9M |
| 毛利率 | 29.5% | 26.4% |
| 营业利润率 | 4.4% | -10.2% |
| 净利率 | 3.4% | -20.7% |
| 营收同比 | 1.6% | 3.1% |
| 净利润同比 | 14.0% | 47.4% |
| 每股收益（稀释后） | $0.49 | $-0.41 |
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NGVCTLRY
| Q4 25 | $335.6M | $217.5M | ||
| Q3 25 | $336.1M | $209.5M | ||
| Q2 25 | $328.7M | $224.5M | ||
| Q1 25 | $335.8M | $185.8M | ||
| Q4 24 | $330.2M | $210.9M | ||
| Q3 24 | $322.7M | $200.0M | ||
| Q2 24 | $309.1M | $229.9M | ||
| Q1 24 | $308.1M | $188.3M |
净利润NGVCTLRY
| Q4 25 | $11.3M | $-44.9M | ||
| Q3 25 | $11.8M | $-322.0K | ||
| Q2 25 | $11.6M | $-1.3B | ||
| Q1 25 | $13.1M | $-789.4M | ||
| Q4 24 | $9.9M | $-85.3M | ||
| Q3 24 | $9.0M | $-39.2M | ||
| Q2 24 | $9.2M | $-31.7M | ||
| Q1 24 | $8.0M | $-92.7M |
毛利率NGVCTLRY
| Q4 25 | 29.5% | 26.4% | ||
| Q3 25 | 29.5% | 27.4% | ||
| Q2 25 | 29.9% | 30.1% | ||
| Q1 25 | 30.3% | 28.0% | ||
| Q4 24 | 29.9% | 29.0% | ||
| Q3 24 | 29.6% | 29.8% | ||
| Q2 24 | 29.2% | 35.8% | ||
| Q1 24 | 29.3% | 26.2% |
营业利润率NGVCTLRY
| Q4 25 | 4.4% | -10.2% | ||
| Q3 25 | 4.6% | 1.0% | ||
| Q2 25 | 4.7% | -643.1% | ||
| Q1 25 | 5.2% | -409.0% | ||
| Q4 24 | 4.0% | -20.0% | ||
| Q3 24 | 3.7% | -18.3% | ||
| Q2 24 | 4.2% | -7.2% | ||
| Q1 24 | 3.7% | -43.6% |
净利率NGVCTLRY
| Q4 25 | 3.4% | -20.7% | ||
| Q3 25 | 3.5% | -0.2% | ||
| Q2 25 | 3.5% | -566.9% | ||
| Q1 25 | 3.9% | -424.9% | ||
| Q4 24 | 3.0% | -40.5% | ||
| Q3 24 | 2.8% | -19.6% | ||
| Q2 24 | 3.0% | -13.8% | ||
| Q1 24 | 2.6% | -49.2% |
每股收益（稀释后）NGVCTLRY
| Q4 25 | $0.49 | $-0.41 | ||
| Q3 25 | $0.51 | $0.00 | ||
| Q2 25 | $0.50 | $7.26 | ||
| Q1 25 | $0.56 | $-8.69 | ||
| Q4 24 | $0.43 | $-0.99 | ||
| Q3 24 | $0.38 | $-0.04 | ||
| Q2 24 | $0.40 | $-0.04 | ||
| Q1 24 | $0.35 | $-0.12 |
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 | $291.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $220.0M | $1.6B |
| 总资产 | $668.6M | $2.1B |
| 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NGVCTLRY
| Q4 25 | $23.2M | $291.6M | ||
| Q3 25 | $17.1M | $264.8M | ||
| Q2 25 | $13.2M | $256.4M | ||
| Q1 25 | $21.2M | — | ||
| Q4 24 | $6.3M | $252.2M | ||
| Q3 24 | $8.9M | $280.1M | ||
| Q2 24 | $13.9M | $260.5M | ||
| Q1 24 | $11.0M | $225.9M |
股东权益NGVCTLRY
| Q4 25 | $220.0M | $1.6B | ||
| Q3 25 | $212.4M | $1.5B | ||
| Q2 25 | $202.5M | $1.5B | ||
| Q1 25 | $193.0M | $2.7B | ||
| Q4 24 | $181.9M | $3.5B | ||
| Q3 24 | $174.3M | $3.5B | ||
| Q2 24 | $167.8M | $3.4B | ||
| Q1 24 | $160.0M | $3.4B |
总资产NGVCTLRY
| Q4 25 | $668.6M | $2.1B | ||
| Q3 25 | $670.5M | $2.1B | ||
| Q2 25 | $659.0M | $2.1B | ||
| Q1 25 | $664.6M | — | ||
| Q4 24 | $648.9M | $4.2B | ||
| Q3 24 | $655.5M | $4.3B | ||
| Q2 24 | $654.4M | $4.2B | ||
| Q1 24 | $656.6M | $4.2B |
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 | $-8.5M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | 2.9% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流NGVCTLRY
| Q4 25 | $21.1M | $-8.5M | ||
| Q3 25 | $15.6M | $-1.3M | ||
| Q2 25 | $2.9M | $-12.8M | ||
| Q1 25 | $34.1M | $-5.8M | ||
| Q4 24 | $2.7M | $-40.7M | ||
| Q3 24 | $24.5M | $-35.3M | ||
| Q2 24 | $12.4M | $30.7M | ||
| Q1 24 | $20.2M | $-15.4M |
自由现金流NGVCTLRY
| Q4 25 | $11.6M | — | ||
| Q3 25 | $7.5M | — | ||
| Q2 25 | $-4.2M | $-19.1M | ||
| Q1 25 | $27.6M | $-20.2M | ||
| Q4 24 | $-6.9M | $-46.2M | ||
| Q3 24 | $18.0M | $-42.0M | ||
| Q2 24 | $3.6M | $21.0M | ||
| Q1 24 | $9.8M | $-24.9M |
自由现金流率NGVCTLRY
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | -1.3% | -8.5% | ||
| Q1 25 | 8.2% | -10.9% | ||
| Q4 24 | -2.1% | -21.9% | ||
| Q3 24 | 5.6% | -21.0% | ||
| Q2 24 | 1.2% | 9.1% | ||
| Q1 24 | 3.2% | -13.2% |
资本支出强度NGVCTLRY
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.2% | 2.8% | ||
| Q1 25 | 1.9% | 7.8% | ||
| Q4 24 | 2.9% | 2.6% | ||
| Q3 24 | 2.0% | 3.4% | ||
| Q2 24 | 2.9% | 4.2% | ||
| Q1 24 | 3.4% | 5.1% |
现金转化率NGVCTLRY
| 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% |
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
