GO vs NGVC
Grocery Outlet Holding Corp. and Natural Grocers by Vitamin Cottage, Inc., side by side — 9 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GO | NGVC |
|---|---|---|
| Revenue | $4.7B | $1.3B |
| Net income | $-224.9M | $46.4M |
| Gross margin | 30.3% | 29.9% |
| Net margin | −4.8% | 3.5% |
| Return on equity | −20.6% | 24.0% |
| Diluted EPS | −$2.30 | $2.00 |
| Dividend / share | · | · |
| Payout ratio | −0.0% | 23.7% |
| Free cash flow | $23.8M | $24.1M |
| Equity | $983.7M | $212.4M |
| Net debt / equity | 0.43× | · |
| Current ratio | 1.37× | 1.06× |
| Revenue CAGR 5y | 8.4% | 5.1% |
| Profit CAGR 5y | · | 18.3% |
GO bills 3.5× the revenue of NGVC, and GO closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | GO | NGVC |
|---|---|---|
| FY2025 | $4.7B | $1.3B |
| FY2024 | $4.4B | $1.2B |
| FY2023 | $4.0B | $1.1B |
| FY2022 | $3.6B | $1.1B |
| FY2021 | $3.1B | $1.1B |
| FY2020 | $3.1B | $1.0B |
| FY2019 | $2.6B | $903.6M |
| FY2018 | $2.3B | $849.0M |
| FY2017 | $2.1B | $769.0M |
Bottom line
| Fiscal year | GO | NGVC |
|---|---|---|
| FY2025 | $-224.9M | $46.4M |
| FY2024 | $39.5M | $33.9M |
| FY2023 | $79.4M | $23.2M |
| FY2022 | $65.1M | $21.4M |
| FY2021 | $62.3M | $20.6M |
| FY2020 | $106.7M | $20.0M |
| FY2019 | $15.4M | $9.4M |
| FY2018 | $15.9M | $12.7M |
| FY2017 | $20.6M | $6.9M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$3,357,923,000 | GO |
| FY2024 | +$3,129,916,000 | GO |
| FY2023 | +$2,828,885,000 | GO |
| FY2022 | +$2,488,476,000 | GO |
| FY2021 | +$2,024,066,000 | GO |
| FY2020 | +$2,097,798,000 | GO |
| FY2019 | +$1,656,035,000 | GO |
| FY2018 | +$1,438,618,000 | GO |
| FY2017 | +$1,306,435,000 | GO |
GO has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −8.3 pp | NGVC |
| FY2024 | −1.8 pp | NGVC |
| FY2023 | −0.0 pp | NGVC |
| FY2022 | −0.1 pp | NGVC |
| FY2021 | +0.1 pp | GO |
| FY2020 | +1.5 pp | GO |
| FY2019 | −0.4 pp | NGVC |
| FY2018 | −0.8 pp | NGVC |
| FY2017 | +0.1 pp | GO |
The higher net margin has changed hands between GO and NGVC over this period.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GO's net margin has been more volatile than NGVC's over the 9 comparable fiscal years — 2.2 percentage points of standard deviation against 0.8.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between GO and NGVC over these 9 fiscal years — GO led in 3 and NGVC in 6.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GO's return on equity has been more volatile than NGVC's over the 9 comparable fiscal years — 8.8 percentage points of standard deviation against 5.7.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between GO and NGVC over these 9 fiscal years — GO led in 1 and NGVC in 8.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.