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HLFHerbalife Nutrition Ltd.
$13.14$1.4B
Overview & Verdict
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HLF logoHerbalife Nutrition Ltd.(HLF)Earnings, Financials & Key Ratios

HLF•NYSE
$13.14
6.0× P/E·Price updated Jul 7, 2026
SectorConsumer DefensiveIndustryPackaged FoodsSub-IndustryNutrition and functional foods
AboutHerbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition. It offers weight management products, including meal replacement products, protein shakes, drink mixes, weight loss enhancers, and healthy snacks; targeted nutrition products, which comprise functional beverages, and dietary and nutritional supplements that contain herbs, vitamins, minerals, and other natural ingredients; outer nutrition products, such as facial skin, body, and hair care products; and energy, sports, and fitness products, including N-R-G tea and energy drink products. The company also provides literature, promotional, and other materials that comprise start-up kits, sales tools, and educational materials. It offers its products through independent service providers and sales representatives, as well as through company-operated retail platforms. The company was formerly known as Herbalife Ltd. and changed its name to Herbalife Nutrition Ltd. in April 2018. Herbalife Nutrition Ltd. was founded in 1980 and is headquartered in Los Angeles, California.Show more
  • Revenue$5.04B+0.9%
  • EBITDA$563M+10.9%
  • Net Income$228M-10.2%
  • EPS (Diluted)2.20-12.0%
  • Gross Margin75.61%-2.9%
  • EBITDA Margin11.17%+9.9%
  • Operating Margin8.76%+13.4%
  • Net Margin4.53%-11.0%

HLF Price & Volume

Herbalife Nutrition Ltd. (HLF) stock price & volume — 10-year historical chart

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Structural Margin Resilience Faces Severe Solvency Headwinds

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Distributor network sustainability

Key Thesis Takeaways

  • Herbalife Nutrition exhibits a paradoxical financial profile characterized by robust 77.9% gross margins that fail to translate into sustainable operating profitability due to an inefficient multi-level marketing cost structure.
  • While the company has aggressively reduced total debt from $2.8 billion in 2023Q4 to $164.4 million in 2026Q1, the persistent negative equity position of -$441.5 million underscores deep-seated structural impairments.
  • Investors should remain cautious as the company struggles with stagnant revenue growth and erratic cash flow conversion, which may limit future strategic flexibility.

Verdict Logic

the company's structural reliance on a complex distribution model has resulted in ten consecutive quarters of negative equity, currently standing at -$441.5 million as of 2026Q1.

HLF Growth Metrics

Herbalife Nutrition Ltd. (HLF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years1.2%
5 Years-1.89%
3 Years-1.08%
TTM3.69%

Profit CAGR

10 Years-3.88%
5 Years-9.33%
3 Years-10.77%
TTM-14.48%

EPS CAGR

10 Years1.01%
5 Years-4.5%
3 Years-12.02%
TTM-16.79%

Return on Capital

10 Years32.31%
5 Years29.03%
3 Years24.72%
Last Year27%

HLF Recent Earnings

Herbalife Nutrition Ltd. (HLF) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.64+5.4%
$0.61
Rev
$1.3B+1.1%
$1.3B
Q1 2026
Feb 18, 2026
Metric
Actual
Est
EPS
$0.45-6.3%
$0.48
Rev
$1.3B+3.1%
$1.2B
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$0.50+6.4%
$0.47
Rev
$1.3B+2.0%
$1.2B
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.59+11.3%
$0.53
Rev
$1.3B+1.0%
$1.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.64vs $0.61+5.4%
$1.3Bvs $1.3B+1.1%
Q1 2026Feb 18, 2026
$0.45vs $0.48-6.3%
$1.3Bvs $1.2B+3.1%
Q4 2025Nov 5, 2025
$0.50vs $0.47+6.4%
$1.3Bvs $1.2B+2.0%
Q3 2025Aug 6, 2025
$0.59vs $0.53+11.3%
$1.3Bvs $1.2B+1.0%
Based on last 12 quarters of dataView full earnings history →

Latest HLF News

Recent stock market news and headlines for Herbalife Nutrition Ltd. (HLF)

Business Wire·6 days ago
Herbalife to Announce Second Quarter 2026 Results on August 5

LOS ANGELES--(BUSINESS WIRE)--Herbalife Ltd. (NYSE: HLF), a premier health and wellness company, community and platform, will release its second quarter 2026 financial results after the close of trading on the NYSE on Wednesday, August 5, 2026. On the same day, at 5:30 p.m. ET (2:30 p.m. PT), Herbalife's senior management team will host an audio webcast and conference call to discuss its recent financial results. The audio webcast will be available at the following link: https://edge.media-serv.

Peers Comparison

Key metrics vs top competitors for Herbalife Nutrition Ltd. (HLF)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HLF logoHLFHerbalife Nutrition Ltd.Current
$13.14$1.36B5.970.89%4.53%——
NUS logoNUSNu Skin Enterprises, Inc.
$5.17$251.01M1.63-14.26%3.78%6.84%—
USNA logoUSNAUSANA Health Sciences, Inc.
$22.38$413.2M38.598.28%0.96%1.51%—
NATR logoNATRNature's Sunshine Products, Inc.
$21.75$382.47M20.525.67%4.06%12.08%—
MGPI logoMGPIMGP Ingredients, Inc.
$16.63$355.4M-3.33-23.77%-45.97%-32.05%—
RVLV logoRVLVRevolve Group, Inc.
$22.54$1.61B26.218.48%5.05%12.84%—

Compare HLF vs Peers

Herbalife Nutrition Ltd. (HLF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NUS

Most directly comparable listed peer for HLF.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare HLF against a more recognizable public peer.

Peer Set

Compare Top 5

vs NUS, USNA, NATR, MGPI

HLF SEC Filings & Documents

Herbalife Nutrition Ltd. (HLF) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

May 1, 2026·SEC

Material company update

Apr 16, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 19, 2025·SEC

FY 2024

Feb 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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HLF Frequently Asked Questions

Herbalife Nutrition Ltd. (HLF) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Herbalife Nutrition Ltd.'s revenue?

Herbalife Nutrition Ltd. (HLF) reported $5.13B in revenue for fiscal year 2025. This represents a 343% increase from $1.16B in 2003.

How fast is Herbalife Nutrition Ltd. growing?

Herbalife Nutrition Ltd. (HLF) grew revenue by 0.9% over the past year. Growth has been modest.

Is HLF profitable?

Yes, Herbalife Nutrition Ltd. (HLF) is profitable, generating $239.8M in net income for fiscal year 2025 (4.5% net margin).

Dividend & Returns
What is Herbalife Nutrition Ltd.'s free cash flow?

Herbalife Nutrition Ltd. (HLF) generated $373.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in HLF back in 2003?

Total return calculator · dividends reinvested · 23+ years of data

See returns →