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Natural Grocers by Vitamin Cottage, Inc.（NGVC）与Cactus, Inc.（WHD）财务数据对比。点击上方公司名可切换其他公司
Cactus, Inc.的季度营收约是Natural Grocers by Vitamin Cottage, Inc.的1.2倍（$388.3M vs $335.6M），Cactus, Inc.净利率更高（10.4% vs 3.4%，领先7.0%），Cactus, Inc.同比增速更快（38.5% vs 1.6%），过去两年Cactus, Inc.的营收复合增速更高（15.6% 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。
Cactus, Inc.旗下拥有Cactus Club Cafe，是源自加拿大不列颠哥伦比亚省北温哥华的高端休闲连锁餐饮品牌。目前品牌已在加拿大全境布局34家门店，覆盖不列颠哥伦比亚、阿尔伯塔、萨斯喀彻温、安大略等省份，同时在美国也设有门店，主打高品质休闲餐饮体验。
NGVC vs WHD — 直观对比
营收规模更大
WHD
是对方的1.2倍
$335.6M
营收增速更快
WHD
高出36.9%
1.6%
净利率更高
WHD
高出7.0%
3.4%
两年增速更快
WHD
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $335.6M | $388.3M |
| 净利润 | $11.3M | $40.2M |
| 毛利率 | 29.5% | — |
| 营业利润率 | 4.4% | 9.9% |
| 净利率 | 3.4% | 10.4% |
| 营收同比 | 1.6% | 38.5% |
| 净利润同比 | 14.0% | -25.7% |
| 每股收益（稀释后） | $0.49 | — |
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NGVCWHD
| Q1 26 | — | $388.3M | ||
| Q4 25 | $335.6M | $261.2M | ||
| Q3 25 | $336.1M | $264.0M | ||
| Q2 25 | $328.7M | $273.6M | ||
| Q1 25 | $335.8M | $280.3M | ||
| Q4 24 | $330.2M | $272.1M | ||
| Q3 24 | $322.7M | $293.2M | ||
| Q2 24 | $309.1M | $290.4M |
净利润NGVCWHD
| Q1 26 | — | $40.2M | ||
| Q4 25 | $11.3M | $39.8M | ||
| Q3 25 | $11.8M | $41.6M | ||
| Q2 25 | $11.6M | $40.3M | ||
| Q1 25 | $13.1M | $44.2M | ||
| Q4 24 | $9.9M | $46.7M | ||
| Q3 24 | $9.0M | $49.9M | ||
| Q2 24 | $9.2M | $49.8M |
毛利率NGVCWHD
| Q1 26 | — | — | ||
| Q4 25 | 29.5% | 36.2% | ||
| Q3 25 | 29.5% | 36.8% | ||
| Q2 25 | 29.9% | 36.6% | ||
| Q1 25 | 30.3% | 38.4% | ||
| Q4 24 | 29.9% | 37.8% | ||
| Q3 24 | 29.6% | 39.0% | ||
| Q2 24 | 29.2% | 39.2% |
营业利润率NGVCWHD
| Q1 26 | — | 9.9% | ||
| Q4 25 | 4.4% | 22.9% | ||
| Q3 25 | 4.6% | 23.2% | ||
| Q2 25 | 4.7% | 22.2% | ||
| Q1 25 | 5.2% | 24.5% | ||
| Q4 24 | 4.0% | 25.9% | ||
| Q3 24 | 3.7% | 26.2% | ||
| Q2 24 | 4.2% | 27.5% |
净利率NGVCWHD
| Q1 26 | — | 10.4% | ||
| Q4 25 | 3.4% | 15.3% | ||
| Q3 25 | 3.5% | 15.8% | ||
| Q2 25 | 3.5% | 14.7% | ||
| Q1 25 | 3.9% | 15.8% | ||
| Q4 24 | 3.0% | 17.2% | ||
| Q3 24 | 2.8% | 17.0% | ||
| Q2 24 | 3.0% | 17.2% |
每股收益（稀释后）NGVCWHD
| Q1 26 | — | — | ||
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.51 | — | ||
| Q2 25 | $0.50 | — | ||
| Q1 25 | $0.56 | — | ||
| Q4 24 | $0.43 | — | ||
| Q3 24 | $0.38 | — | ||
| Q2 24 | $0.40 | — |
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 | $1.4B |
| 总资产 | $668.6M | $2.5B |
| 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NGVCWHD
| Q1 26 | — | $291.6M | ||
| Q4 25 | $23.2M | $123.6M | ||
| Q3 25 | $17.1M | $445.6M | ||
| Q2 25 | $13.2M | $405.2M | ||
| Q1 25 | $21.2M | $347.7M | ||
| Q4 24 | $6.3M | $342.8M | ||
| Q3 24 | $8.9M | $303.4M | ||
| Q2 24 | $13.9M | $246.5M |
总债务NGVCWHD
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
股东权益NGVCWHD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $220.0M | $1.2B | ||
| Q3 25 | $212.4M | $1.2B | ||
| Q2 25 | $202.5M | $1.1B | ||
| Q1 25 | $193.0M | $1.1B | ||
| Q4 24 | $181.9M | $1.1B | ||
| Q3 24 | $174.3M | $1.0B | ||
| Q2 24 | $167.8M | $954.7M |
总资产NGVCWHD
| Q1 26 | — | $2.5B | ||
| Q4 25 | $668.6M | $1.9B | ||
| Q3 25 | $670.5M | $1.9B | ||
| Q2 25 | $659.0M | $1.8B | ||
| Q1 25 | $664.6M | $1.8B | ||
| Q4 24 | $648.9M | $1.7B | ||
| Q3 24 | $655.5M | $1.7B | ||
| Q2 24 | $654.4M | $1.6B |
负债/权益比NGVCWHD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 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 | $128.3M |
| 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% | 2.5% |
| 现金转化率经营现金流/净利润 | 1.86× | 3.19× |
| 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NGVCWHD
| Q1 26 | — | $128.3M | ||
| Q4 25 | $21.1M | $72.3M | ||
| Q3 25 | $15.6M | $61.8M | ||
| Q2 25 | $2.9M | $82.8M | ||
| Q1 25 | $34.1M | $41.5M | ||
| Q4 24 | $2.7M | $66.6M | ||
| Q3 24 | $24.5M | $85.3M | ||
| Q2 24 | $12.4M | $78.0M |
自由现金流NGVCWHD
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率NGVCWHD
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度NGVCWHD
| Q1 26 | — | 2.5% | ||
| 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% | — |
现金转化率NGVCWHD
| Q1 26 | — | 3.19× | ||
| Q4 25 | 1.86× | 1.81× | ||
| Q3 25 | 1.32× | 1.48× | ||
| Q2 25 | 0.25× | 2.05× | ||
| Q1 25 | 2.60× | 0.94× | ||
| Q4 24 | 0.27× | 1.43× | ||
| Q3 24 | 2.72× | 1.71× | ||
| Q2 24 | 1.35× | 1.56× |
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% |
WHD
| Revenue | $300.2M | 77% |
| Other | $88.2M | 23% |
