Mannatech Financials
This page shows Mannatech (MTEX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mannatech has an operating margin of 1.2%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 6/100, suggesting thin profitability after operating expenses. This is up from -0.7% the prior year.
Mannatech's revenue declined 10.7% year-over-year, from $132.0M to $117.9M. This contraction results in a growth score of 0/100.
Mannatech has elevated debt relative to equity (D/E of 3.19), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Mannatech's current ratio of 1.25 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.
Mannatech's free cash flow margin of 1.7% results in a low score of 8/100. Capital expenditures of $297K absorb a large share of operating cash flow.
Mannatech earns a strong 28.9% return on equity (ROE), meaning it generates $29 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
Mannatech scores 3.92, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Mannatech passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Mannatech generates $0.91 in operating cash flow ($2.3M OCF vs $2.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Mannatech earns $3.0 in operating income for every $1 of interest expense ($1.4M vs $475K). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Mannatech generated $117.9M in revenue in fiscal year 2024. This represents a decrease of 10.7% from the prior year.
Mannatech's EBITDA was $3.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 346.2% from the prior year.
Mannatech generated $2.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 163.0% from the prior year.
Mannatech reported $2.5M in net income in fiscal year 2024. This represents an increase of 211.2% from the prior year.
Mannatech earned $1.32 per diluted share (EPS) in fiscal year 2024. This represents an increase of 210.0% from the prior year.
Mannatech held $11.4M in cash against $0 in long-term debt as of fiscal year 2024.
Mannatech had 2M shares outstanding in fiscal year 2024. This represents an increase of 1.3% from the prior year.
Mannatech's gross margin was 77.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.
Mannatech's operating margin was 1.2% in fiscal year 2024, reflecting core business profitability. This is up 1.9 percentage points from the prior year.
Mannatech's net profit margin was 2.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.8 percentage points from the prior year.
Mannatech's ROE was 28.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Mannatech invested $700K in research and development in fiscal year 2024. This represents a decrease of 12.5% from the prior year.
Mannatech spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Mannatech invested $297K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 60.3% from the prior year.
MTEX Income Statement
| Metric | Q3'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.2M+9.8% | $26.6M-8.4% | $29.0M+4.6% | $27.7M-5.6% | $29.4M-10.1% | $32.7M+0.4% | $32.6M-0.1% | $32.6M |
| Cost of Revenue | $6.9M+0.9% | $6.8M+21.0% | $5.6M-11.3% | $6.4M+1.1% | $6.3M-21.8% | $8.0M+21.5% | $6.6M-5.4% | $7.0M |
| Gross Profit | $22.3M+12.8% | $19.7M-15.5% | $23.4M+9.3% | $21.4M-7.4% | $23.1M-6.3% | $24.6M-4.9% | $25.9M+1.3% | $25.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $9.1M-9.4% | $10.0M-4.0% | $10.4M-4.0% | $10.9M+2.5% | $10.6M-15.5% | $12.5M-0.3% | $12.6M-3.8% | $13.1M |
| Operating Income | $2.0M+340.9% | -$833K-196.3% | $865K+175.7% | -$1.1M-239.4% | $820K+191.6% | -$895K-620.3% | $172K+118.0% | -$954K |
| Interest Expense | $104K-21.8% | $133K-70.0% | $444K+522.9% | -$105K-488.9% | $27K-73.8% | $103K+705.9% | -$17K-70.0% | -$10K |
| Income Tax | $590K+186.4% | $206K-66.4% | $614K+23.8% | $496K-6.2% | $529K+603.8% | -$105K-123.0% | $457K+57.0% | $291K |
| Net Income | $1.9M+225.8% | -$1.5M-167.6% | $2.3M+462.5% | -$624K-152.9% | $1.2M+167.2% | -$1.8M-9855.6% | $18K+101.6% | -$1.1M |
| EPS (Diluted) | $1.01+226.2% | $-0.80-167.2% | $1.19+460.6% | $-0.33-152.4% | $0.63+167.0% | $-0.94-9500.0% | $0.01+101.7% | $-0.59 |
MTEX Balance Sheet
| Metric | Q3'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $33.9M-7.5% | $36.7M+1.7% | $36.1M-9.7% | $39.9M-2.8% | $41.1M-0.4% | $41.2M-2.4% | $42.2M-7.0% | $45.4M |
| Current Assets | $22.1M-16.8% | $26.5M+1.6% | $26.1M-6.5% | $27.9M-1.2% | $28.3M+2.2% | $27.7M-3.2% | $28.6M-8.5% | $31.3M |
| Cash & Equivalents | $7.1M-23.4% | $9.3M-18.2% | $11.4M+23.9% | $9.2M+16.2% | $7.9M+2.3% | $7.7M-2.5% | $7.9M-15.4% | $9.4M |
| Inventory | $11.1M-5.9% | $11.8M+13.6% | $10.4M-20.9% | $13.2M-3.8% | $13.7M-5.9% | $14.5M-5.2% | $15.3M-3.2% | $15.8M |
| Accounts Receivable | $38K-62.7% | $102K+436.8% | $19K-80.8% | $99K-69.1% | $320K+251.6% | $91K-38.9% | $149K-76.9% | $645K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $27.0M-7.3% | $29.1M+6.0% | $27.4M-13.5% | $31.7M+3.6% | $30.6M-0.4% | $30.7M-2.5% | $31.5M-6.7% | $33.8M |
| Current Liabilities | $19.5M-13.6% | $22.6M+8.0% | $20.9M-12.8% | $24.0M-8.4% | $26.1M+1.4% | $25.8M-2.0% | $26.3M-6.8% | $28.2M |
| Long-Term Debt | $2.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $7.0M-8.4% | $7.6M-11.9% | $8.6M+5.1% | $8.2M-21.5% | $10.4M-0.4% | $10.5M-2.0% | $10.7M-8.1% | $11.6M |
| Retained Earnings | -$2.7M-700.3% | -$341K-128.7% | $1.2M+259.6% | -$745K-515.7% | -$121K+90.7% | -$1.3M-385.9% | $455K+4.1% | $437K |
MTEX Cash Flow Statement
| Metric | Q3'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | -$1.4M-524.7% | -$219K+91.8% | -$2.7M-242.3% | $1.9M+241.9% | -$1.3M-560.3% | $287K+110.7% | -$2.7M |
| Capital Expenditures | N/A | $489K+561.3% | -$106K-229.3% | $82K+34.4% | $61K-70.7% | $208K+11.8% | $186K-25.6% | $250K |
| Free Cash Flow | N/A | -$1.9M-471.4% | -$325K+88.2% | -$2.7M-251.6% | $1.8M+218.6% | -$1.5M-1613.9% | $101K+103.4% | -$2.9M |
| Investing Cash Flow | N/A | -$489K-514.4% | $118K+243.9% | -$82K-34.4% | -$61K+70.7% | -$208K-12.4% | -$185K+26.0% | -$250K |
| Financing Cash Flow | N/A | -$166K+81.7% | -$905K-126.9% | $3.4M+1443.6% | -$250K+8.8% | -$274K+21.5% | -$349K+51.7% | -$722K |
| Dividends Paid | N/A | N/A | $0 | $0 | $0 | $0 | $0-100.0% | $400K |
| Share Buybacks | N/A | N/A | $0 | N/A | N/A | $0-100.0% | $78K-20.4% | $98K |
MTEX Financial Ratios
| Metric | Q3'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.4%+2.1pp | 74.3%-6.3pp | 80.5%+3.5pp | 77.1%-1.5pp | 78.6%+3.2pp | 75.4%-4.3pp | 79.7%+1.1pp | 78.5% |
| Operating Margin | 6.9%+10.0pp | -3.1%-6.1pp | 3.0%+7.1pp | -4.1%-6.9pp | 2.8%+5.5pp | -2.7%-3.3pp | 0.5%+3.5pp | -2.9% |
| Net Margin | 6.6%+12.4pp | -5.8%-13.6pp | 7.8%+10.1pp | -2.3%-6.3pp | 4.0%+9.4pp | -5.4%-5.4pp | 0.1%+3.5pp | -3.4% |
| Return on Equity | 27.7% | N/A | 26.3% | N/A | 11.3% | N/A | 0.2% | N/A |
| Return on Assets | 5.7%+9.8pp | -4.2%-10.4pp | 6.3%+7.8pp | -1.6%-4.4pp | 2.9%+7.1pp | -4.3%-4.3pp | 0.0%+2.5pp | -2.4% |
| Current Ratio | 1.13-0.0 | 1.18-0.1 | 1.25+0.1 | 1.17+0.1 | 1.080.0 | 1.07-0.0 | 1.09-0.0 | 1.11 |
| Debt-to-Equity | 0.42-3.4 | 3.83+0.6 | 3.19-0.7 | 3.87+0.9 | 2.930.0 | 2.93-0.0 | 2.94+0.0 | 2.90 |
| FCF Margin | N/A | -7.0%-5.9pp | -1.1%+8.8pp | -9.9%-16.1pp | 6.2%+10.8pp | -4.7%-5.0pp | 0.3%+9.3pp | -9.0% |
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Frequently Asked Questions
What is Mannatech's annual revenue?
Mannatech (MTEX) reported $117.9M in total revenue for fiscal year 2024. This represents a -10.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mannatech's revenue growing?
Mannatech (MTEX) revenue declined by 10.7% year-over-year, from $132.0M to $117.9M in fiscal year 2024.
Is Mannatech profitable?
Yes, Mannatech (MTEX) reported a net income of $2.5M in fiscal year 2024, with a net profit margin of 2.1%.
What is Mannatech's earnings per share (EPS)?
Mannatech (MTEX) reported diluted earnings per share of $1.32 for fiscal year 2024. This represents a 210.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Mannatech's EBITDA?
Mannatech (MTEX) had EBITDA of $3.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Mannatech's gross margin?
Mannatech (MTEX) had a gross margin of 77.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mannatech's operating margin?
Mannatech (MTEX) had an operating margin of 1.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Mannatech's net profit margin?
Mannatech (MTEX) had a net profit margin of 2.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Mannatech's return on equity (ROE)?
Mannatech (MTEX) has a return on equity of 28.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Mannatech's free cash flow?
Mannatech (MTEX) generated $2.0M in free cash flow during fiscal year 2024. This represents a 163.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Mannatech's operating cash flow?
Mannatech (MTEX) generated $2.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Mannatech's total assets?
Mannatech (MTEX) had $36.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Mannatech's capital expenditures?
Mannatech (MTEX) invested $297K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Mannatech spend on research and development?
Mannatech (MTEX) invested $700K in research and development during fiscal year 2024.
How many shares does Mannatech have outstanding?
Mannatech (MTEX) had 2M shares outstanding as of fiscal year 2024.
What is Mannatech's current ratio?
Mannatech (MTEX) had a current ratio of 1.25 as of fiscal year 2024, which is considered adequate.
What is Mannatech's debt-to-equity ratio?
Mannatech (MTEX) had a debt-to-equity ratio of 3.19 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mannatech's return on assets (ROA)?
Mannatech (MTEX) had a return on assets of 6.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Mannatech's Altman Z-Score?
Mannatech (MTEX) has an Altman Z-Score of 3.92, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Mannatech's Piotroski F-Score?
Mannatech (MTEX) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mannatech's earnings high quality?
Mannatech (MTEX) has an earnings quality ratio of 0.91x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mannatech cover its interest payments?
Mannatech (MTEX) has an interest coverage ratio of 3.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Mannatech?
Mannatech (MTEX) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.