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Natural Grocers by Vitamin Cottage, Inc.（NGVC）与Texas Pacific Land Corporation（TPL）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Texas Pacific Land Corporation的1.6倍（$335.6M vs $211.6M），Texas Pacific Land Corporation净利率更高（58.3% vs 3.4%，领先54.9%），Texas Pacific Land Corporation同比增速更快（13.9% vs 1.6%），过去两年Texas Pacific Land Corporation的营收复合增速更高（10.2% 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。
Texas Pacific Land Corporation（简称TPL）是一家公开上市的不动产运营企业，行政总部位于美国得克萨斯州达拉斯市。公司在得州西部20个郡拥有逾88万英亩（约3600平方公里）土地，是得州规模最大的私人土地所有者之一，前身为得克萨斯太平洋土地信托。
NGVC vs TPL — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $335.6M | $211.6M |
| 净利润 | $11.3M | $123.3M |
| 毛利率 | 29.5% | — |
| 营业利润率 | 4.4% | 70.5% |
| 净利率 | 3.4% | 58.3% |
| 营收同比 | 1.6% | 13.9% |
| 净利润同比 | 14.0% | 4.2% |
| 每股收益（稀释后） | $0.49 | $-8.59 |
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 | $211.6M | ||
| Q3 25 | $336.1M | $203.1M | ||
| Q2 25 | $328.7M | $187.5M | ||
| Q1 25 | $335.8M | $196.0M | ||
| Q4 24 | $330.2M | $185.8M | ||
| Q3 24 | $322.7M | $173.6M | ||
| Q2 24 | $309.1M | $172.3M | ||
| Q1 24 | $308.1M | $174.1M |
| Q4 25 | $11.3M | $123.3M | ||
| Q3 25 | $11.8M | $121.2M | ||
| Q2 25 | $11.6M | $116.1M | ||
| Q1 25 | $13.1M | $120.7M | ||
| Q4 24 | $9.9M | $118.4M | ||
| Q3 24 | $9.0M | $106.6M | ||
| Q2 24 | $9.2M | $114.6M | ||
| Q1 24 | $8.0M | $114.4M |
| 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% | 70.5% | ||
| Q3 25 | 4.6% | 73.4% | ||
| Q2 25 | 4.7% | 76.6% | ||
| Q1 25 | 5.2% | 76.6% | ||
| Q4 24 | 4.0% | 76.7% | ||
| Q3 24 | 3.7% | 73.4% | ||
| Q2 24 | 4.2% | 77.3% | ||
| Q1 24 | 3.7% | 78.1% |
| Q4 25 | 3.4% | 58.3% | ||
| Q3 25 | 3.5% | 59.7% | ||
| Q2 25 | 3.5% | 61.9% | ||
| Q1 25 | 3.9% | 61.6% | ||
| Q4 24 | 3.0% | 63.7% | ||
| Q3 24 | 2.8% | 61.4% | ||
| Q2 24 | 3.0% | 66.5% | ||
| Q1 24 | 2.6% | 65.7% |
| Q4 25 | $0.49 | $-8.59 | ||
| Q3 25 | $0.51 | $5.27 | ||
| Q2 25 | $0.50 | $5.05 | ||
| Q1 25 | $0.56 | $5.24 | ||
| Q4 24 | $0.43 | $5.14 | ||
| Q3 24 | $0.38 | $4.63 | ||
| Q2 24 | $0.40 | $4.98 | ||
| Q1 24 | $0.35 | $4.97 |
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 | $144.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $220.0M | $1.5B |
| 总资产 | $668.6M | $1.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $23.2M | $144.8M | ||
| Q3 25 | $17.1M | $531.8M | ||
| Q2 25 | $13.2M | $543.9M | ||
| Q1 25 | $21.2M | $460.4M | ||
| Q4 24 | $6.3M | $369.8M | ||
| Q3 24 | $8.9M | $533.9M | ||
| Q2 24 | $13.9M | $894.7M | ||
| Q1 24 | $11.0M | $837.1M |
| Q4 25 | $220.0M | $1.5B | ||
| Q3 25 | $212.4M | $1.4B | ||
| Q2 25 | $202.5M | $1.3B | ||
| Q1 25 | $193.0M | $1.2B | ||
| Q4 24 | $181.9M | $1.1B | ||
| Q3 24 | $174.3M | $1.1B | ||
| Q2 24 | $167.8M | $1.2B | ||
| Q1 24 | $160.0M | $1.1B |
| Q4 25 | $668.6M | $1.6B | ||
| Q3 25 | $670.5M | $1.5B | ||
| Q2 25 | $659.0M | $1.4B | ||
| Q1 25 | $664.6M | $1.4B | ||
| Q4 24 | $648.9M | $1.2B | ||
| Q3 24 | $655.5M | $1.2B | ||
| Q2 24 | $654.4M | $1.3B | ||
| Q1 24 | $656.6M | $1.3B |
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 | $113.7M |
| 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× | 0.92× |
| 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
| Q4 25 | $21.1M | $113.7M | ||
| Q3 25 | $15.6M | $154.6M | ||
| Q2 25 | $2.9M | $120.9M | ||
| Q1 25 | $34.1M | $156.7M | ||
| Q4 24 | $2.7M | $126.6M | ||
| Q3 24 | $24.5M | $118.6M | ||
| Q2 24 | $12.4M | $98.3M | ||
| Q1 24 | $20.2M | $147.2M |
| Q4 25 | $11.6M | — | ||
| Q3 25 | $7.5M | — | ||
| Q2 25 | $-4.2M | — | ||
| Q1 25 | $27.6M | — | ||
| Q4 24 | $-6.9M | — | ||
| Q3 24 | $18.0M | — | ||
| Q2 24 | $3.6M | — | ||
| Q1 24 | $9.8M | — |
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | -1.3% | — | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | -2.1% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 3.2% | — |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 1.86× | 0.92× | ||
| Q3 25 | 1.32× | 1.28× | ||
| Q2 25 | 0.25× | 1.04× | ||
| Q1 25 | 2.60× | 1.30× | ||
| Q4 24 | 0.27× | 1.07× | ||
| Q3 24 | 2.72× | 1.11× | ||
| Q2 24 | 1.35× | 0.86× | ||
| Q1 24 | 2.54× | 1.29× |
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% |
TPL
| Water Serviceand Operations Segment | $98.2M | 46% |
| Water Sales And Royalties | $60.7M | 29% |
| Produced Water Royalties | $33.5M | 16% |
| Easementand Sundry | $20.6M | 10% |
