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Natural Alternatives International, Inc.(NAII)Earnings, Financials & Key Ratios
NAII•NASDAQ
$2.28
Price updated Jul 7, 2026
AboutNatural Alternatives International, Inc. engages in formulating, manufacturing, and marketing nutritional supplements in the United States, Europe, Asia, and internationally. The company operates in two segments, Private-Label Contract Manufacturing, and Patent and Trademark Licensing. It offers private-label contract manufacturing services to companies that market and distribute vitamins, minerals, herbal, and other nutritional supplements, as well as other health care products. The company also provides strategic partnering services, such as customized product formulation, clinical studies, manufacturing, marketing support, international regulatory and label law compliance, international product registration, packaging in multiple formats and labeling design, scientific research, proprietary ingredients, customer-specific nutritional product formulation, product testing and evaluation, packaging and delivery system design, and regulatory review. In addition, it sells beta-alanine ingredient under the CarnoSyn and SR CarnoSyn names. The company manufactures products in various forms, including capsules, tablets, chewable wafers, and powders. Its private-label contract manufacturing customers include companies that market nutritional supplements through direct sales marketing channels, direct to consumer e-commerce channels, and retail stores. Natural Alternatives International, Inc. was founded in 1980 and is headquartered in Carlsbad, California.Show more
- Revenue$130M+14.1%
- EBITDA-$4M-5.5%
- Net Income-$14M-88.1%
- EPS (Diluted)-2.28-85.4%
- Gross Margin7.15%+18.6%
- EBITDA Margin-3.16%+7.6%
- Operating Margin-6.67%+11.1%
- Net Margin-10.45%-64.8%
- ROE-17.98%-113.4%
NAII Price & Volume
Natural Alternatives International, Inc. (NAII) stock price & volume — 10-year historical chart
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Persistent Margin Erosion Challenges Operational Viability Outlook
Investment Thesis • Updated 2025Q3
VerdictNegative: The company's inability to maintain positive operating margins
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Persistent operating margin erosion
Key Thesis Takeaways
- Natural Alternatives International faces a precarious fundamental outlook characterized by severe margin compression and consistent net losses, as evidenced by a -12.2% net margin in 2025Q3.
- While the company achieved a 22.7% year-over-year revenue increase in the most recent quarter, this top-line growth has failed to translate into profitability, leaving the firm reliant on external credit to manage its $65.2M debt load.
- Investors should monitor the sustainability of the current contract manufacturing model, as the erosion of the equity base to $63.1M suggests significant long-term value destruction risks.
Verdict Logic
which reached -11.6% in 2025Q3, combined with a shrinking cash position of $9.2M, presents a high risk of continued capital erosion.
NAII Growth Metrics
Natural Alternatives International, Inc. (NAII) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.03%
5 Years1.78%
3 Years-8.76%
TTM12.36%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-74.55%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-69.67%
Return on Capital
10 Years7.91%
5 Years3.49%
3 Years-3.11%
Last Year-6.61%
NAII Recent Earnings
Natural Alternatives International, Inc. (NAII) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
May 18, 2026Metric
Actual
Est
EPS
$0.72
—
Rev
$35M
—
Q1 2026
Feb 13, 2026Metric
Actual
Est
EPS
$0.42
—
Rev
$35M
—
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.05
—
Rev
$34M
—
Q4 2025
Sep 23, 2025Metric
Actual
Est
EPS
$0.17
—
Rev
$34M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 18, 2026 | $0.72 | $35M |
| Q1 2026 | Feb 13, 2026 | $0.42 | $35M |
| Q4 2025 | Nov 12, 2025 | $0.05 | $34M |
| Q4 2025 | Sep 23, 2025 | $0.17 | $34M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Natural Alternatives International, Inc. (NAII)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.28 | $14.31M | -1.00 | 14.12% | -10.45% | -17.98% | — | |
| $21.75 | $382.47M | 20.52 | 5.67% | 4.06% | 12.08% | — | |
| $16.63 | $355.4M | -3.33 | -23.77% | -45.97% | -32.05% | — | |
| $22.38 | $413.2M | 38.59 | 8.28% | 0.96% | 1.51% | — | |
| $13.14 | $1.36B | 5.97 | 0.89% | 4.67% | — | — | |
| $52.30 | $4.15B | 19.96 | 12.06% | 16.52% | — | — |
Compare NAII vs Peers
Natural Alternatives International, Inc. (NAII) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NAII SEC Filings & Documents
Natural Alternatives International, Inc. (NAII) SEC filings — annual & quarterly reports (10-K, 10-Q)
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NAII Frequently Asked Questions
Natural Alternatives International, Inc. (NAII) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Natural Alternatives International, Inc.'s revenue?
Natural Alternatives International, Inc. (NAII) reported $141.0M in revenue for fiscal year 2024. This represents a 196% increase from $47.6M in 1995.
How fast is Natural Alternatives International, Inc. growing?
Natural Alternatives International, Inc. (NAII) grew revenue by 14.1% over the past year. This is steady growth.
Is NAII profitable?
Natural Alternatives International, Inc. (NAII) reported a net loss of $14.4M for fiscal year 2024.
Dividend & Returns
What is NAII's return on equity?
Natural Alternatives International, Inc. (NAII) has a return on equity (ROE) of -18.0%. Negative ROE indicates the company is unprofitable.
What is Natural Alternatives International, Inc.'s free cash flow?
Natural Alternatives International, Inc. (NAII) had negative free cash flow of $9.0M in fiscal year 2024, likely due to heavy capital investments.