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Natural Grocers by Vitamin Cottage, Inc.（NGVC）与Waystar Holding Corp.（WAY）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Waystar Holding Corp.的1.1倍（$335.6M vs $313.9M），Waystar Holding Corp.净利率更高（13.8% vs 3.4%，领先10.4%），Waystar Holding Corp.同比增速更快（22.4% vs 1.6%），Waystar Holding Corp.自由现金流更多（$90.3M vs $11.6M），过去两年Waystar Holding Corp.的营收复合增速更高（15.7% 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。
Waystar Holding Corp是一家领先的医疗健康支付与营收周期管理解决方案提供商，服务覆盖美国各地的医疗机构、医疗系统和支付方，旗下工具可简化账单处理、理赔申请、患者缴费流程，帮助医疗机构降低行政负担、优化营收表现。
NGVC vs WAY — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.6M | $313.9M |
| 净利润 | $11.3M | $43.3M |
| 毛利率 | 29.5% | — |
| 营业利润率 | 4.4% | 25.6% |
| 净利率 | 3.4% | 13.8% |
| 营收同比 | 1.6% | 22.4% |
| 净利润同比 | 14.0% | 47.9% |
| 每股收益（稀释后） | $0.49 | $0.42 |
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
| Q1 26 | — | $313.9M | ||
| Q4 25 | $335.6M | $303.5M | ||
| Q3 25 | $336.1M | $268.7M | ||
| Q2 25 | $328.7M | $270.7M | ||
| Q1 25 | $335.8M | $256.4M | ||
| Q4 24 | $330.2M | $244.1M | ||
| Q3 24 | $322.7M | $240.1M | ||
| Q2 24 | $309.1M | $234.5M |
| Q1 26 | — | $43.3M | ||
| Q4 25 | $11.3M | $20.0M | ||
| Q3 25 | $11.8M | $30.6M | ||
| Q2 25 | $11.6M | $32.2M | ||
| Q1 25 | $13.1M | $29.3M | ||
| Q4 24 | $9.9M | $19.1M | ||
| Q3 24 | $9.0M | $5.4M | ||
| Q2 24 | $9.2M | $-27.7M |
| Q1 26 | — | — | ||
| 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 26 | — | 25.6% | ||
| Q4 25 | 4.4% | 19.4% | ||
| Q3 25 | 4.6% | 22.4% | ||
| Q2 25 | 4.7% | 24.0% | ||
| Q1 25 | 5.2% | 25.4% | ||
| Q4 24 | 4.0% | 21.8% | ||
| Q3 24 | 3.7% | 11.3% | ||
| Q2 24 | 4.2% | 3.5% |
| Q1 26 | — | 13.8% | ||
| Q4 25 | 3.4% | 6.6% | ||
| Q3 25 | 3.5% | 11.4% | ||
| Q2 25 | 3.5% | 11.9% | ||
| Q1 25 | 3.9% | 11.4% | ||
| Q4 24 | 3.0% | 7.8% | ||
| Q3 24 | 2.8% | 2.3% | ||
| Q2 24 | 3.0% | -11.8% |
| Q1 26 | — | $0.42 | ||
| Q4 25 | $0.49 | $0.10 | ||
| Q3 25 | $0.51 | $0.17 | ||
| Q2 25 | $0.50 | $0.18 | ||
| Q1 25 | $0.56 | $0.16 | ||
| Q4 24 | $0.43 | $0.18 | ||
| Q3 24 | $0.38 | $0.03 | ||
| Q2 24 | $0.40 | $-0.21 |
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 | $34.3M |
| 总债务越低越好 | — | $13.5M |
| 股东权益账面价值 | $220.0M | $3.9B |
| 总资产 | $668.6M | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
| Q1 26 | — | $34.3M | ||
| Q4 25 | $23.2M | $61.4M | ||
| Q3 25 | $17.1M | $421.1M | ||
| Q2 25 | $13.2M | $290.3M | ||
| Q1 25 | $21.2M | $224.0M | ||
| Q4 24 | $6.3M | $182.1M | ||
| Q3 24 | $8.9M | $127.1M | ||
| Q2 24 | $13.9M | $68.4M |
| Q1 26 | — | $13.5M | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $220.0M | $3.9B | ||
| Q3 25 | $212.4M | $3.2B | ||
| Q2 25 | $202.5M | $3.2B | ||
| Q1 25 | $193.0M | $3.1B | ||
| Q4 24 | $181.9M | $3.1B | ||
| Q3 24 | $174.3M | $3.1B | ||
| Q2 24 | $167.8M | $2.9B |
| Q1 26 | — | $5.8B | ||
| Q4 25 | $668.6M | $5.8B | ||
| Q3 25 | $670.5M | $4.7B | ||
| Q2 25 | $659.0M | $4.7B | ||
| Q1 25 | $664.6M | $4.6B | ||
| Q4 24 | $648.9M | $4.6B | ||
| Q3 24 | $655.5M | $4.5B | ||
| Q2 24 | $654.4M | $4.6B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 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 | $84.9M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | $90.3M |
| 自由现金流率自由现金流/营收 | 3.4% | 28.8% |
| 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× | 1.96× |
| 过去12个月自由现金流最近4个季度 | $42.6M | $314.6M |
8季度趋势，按日历期对齐
| Q1 26 | — | $84.9M | ||
| Q4 25 | $21.1M | $66.6M | ||
| Q3 25 | $15.6M | $82.0M | ||
| Q2 25 | $2.9M | $96.8M | ||
| Q1 25 | $34.1M | $64.2M | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $24.5M | $78.8M | ||
| Q2 24 | $12.4M | $15.4M |
| Q1 26 | — | $90.3M | ||
| Q4 25 | $11.6M | $57.2M | ||
| Q3 25 | $7.5M | $76.2M | ||
| Q2 25 | $-4.2M | $91.0M | ||
| Q1 25 | $27.6M | $58.8M | ||
| Q4 24 | $-6.9M | — | ||
| Q3 24 | $18.0M | $70.2M | ||
| Q2 24 | $3.6M | $8.6M |
| Q1 26 | — | 28.8% | ||
| Q4 25 | 3.4% | 18.9% | ||
| Q3 25 | 2.2% | 28.3% | ||
| Q2 25 | -1.3% | 33.6% | ||
| Q1 25 | 8.2% | 22.9% | ||
| Q4 24 | -2.1% | — | ||
| Q3 24 | 5.6% | 29.2% | ||
| Q2 24 | 1.2% | 3.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 3.1% | ||
| Q3 25 | 2.4% | 2.2% | ||
| Q2 25 | 2.2% | 2.1% | ||
| Q1 25 | 1.9% | 2.1% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 2.0% | 3.6% | ||
| Q2 24 | 2.9% | 2.9% |
| Q1 26 | — | 1.96× | ||
| Q4 25 | 1.86× | 3.33× | ||
| Q3 25 | 1.32× | 2.68× | ||
| Q2 25 | 0.25× | 3.01× | ||
| Q1 25 | 2.60× | 2.20× | ||
| Q4 24 | 0.27× | — | ||
| Q3 24 | 2.72× | 14.56× | ||
| Q2 24 | 1.35× | — |
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% |
WAY
| Subscription | $172.2M | 55% |
| Volume-based | $139.5M | 44% |
