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Yesway vs Natural Grocers by Vitamin Cottage: YSWY and NGVC compared
Yesway is the larger company: $921M of revenue in its latest quarter (Q2 2026) against $335M for Natural Grocers by Vitamin Cottage (Q3 FY26). Yesway is growing faster (+36% against +2% a year earlier). Yesway is more profitable, with an operating margin of 5.2% against 4.5%.
Where the money goes: YSWY and NGVC
Yesway (YSWY) · Q2 2026
Yesway, Q2 2026: revenue $921M (+36% year over year), operating margin 5.2%, net earnings $16.3M, operating cash flow $105M. The chart follows the revenue to costs, profit and cash.
Natural Grocers by Vitamin Cottage (NGVC) · Q3 FY26
Natural Grocers by Vitamin Cottage, Q3 FY26: revenue $335M (+2% year over year), operating margin 4.5%, net earnings $11.1M, operating cash flow $11.3M. The chart follows the revenue to costs, profit and cash.
| Yesway (YSWY) | Natural Grocers by Vitamin Cottage (NGVC) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 FY26 |
| Revenue | $921M | $335M |
| Revenue growth, Y/Y | +36% | +2% |
| Gross margin | — | 29.3% |
| Operating margin | 5.2% | 4.5% |
| Net earnings | $16.3M | $11.1M |
| Net margin | 1.8% | 3.3% |
| Operating cash flow | $105M | $11.3M |
| Free cash flow | — | $1.2M |
| Market value | $770M | $667M |
| P/E | — | 14.0× |
| Analysts’ mean target | $29.62 | $42.25 |
Where the revenue comes from
Yesway
- Fuel: $673M (73%)
- Merchandise: $240M (26%)
- Other revenues: $7.5M (1%)
Natural Grocers by Vitamin Cottage
- Grocery: $244M (73%)
- Dietary Supplements: $59.9M (18%)
- Manufactured Product, Other: $30.9M (9%)
Questions
Which is bigger, Yesway or Natural Grocers by Vitamin Cottage?
Yesway is the larger company: $921M of revenue in its latest quarter (Q2 2026) against $335M for Natural Grocers by Vitamin Cottage (Q3 FY26).
Is Yesway or Natural Grocers by Vitamin Cottage growing faster?
Yesway is growing faster (+36% against +2% a year earlier).
Which is more profitable, Yesway or Natural Grocers by Vitamin Cottage?
Yesway is more profitable, with an operating margin of 5.2% against 4.5%.
More: Yesway earnings · how Yesway makes money · Natural Grocers by Vitamin Cottage earnings · how Natural Grocers by Vitamin Cottage makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.