What is Natural Health Trends Corp's earnings per share (EPS)?

Natural Health Trends Corp (NHTC) reported diluted earnings per share of $-0.08 for fiscal year 2025. This represents a -260.0% 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.

Natural Health Trends Corp Financials

NHTC

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Natural Health Trends Corp (NHTC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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

Financial Profile 29/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Natural Health Trends Corp has an operating margin of -4.5%, meaning the company retains $-5 of operating profit per $100 of revenue. This below-average margin results in a low score of 12/100, suggesting thin profitability after operating expenses. This is down from -3.0% the prior year.

Growth

Natural Health Trends Corp's revenue declined 7.4% year-over-year, from $43.0M to $39.8M. This contraction results in a growth score of 21/100.

Leverage

Natural Health Trends Corp carries a low D/E ratio of 0.64, meaning only $0.64 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Natural Health Trends Corp's current ratio of 2.50 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Natural Health Trends Corp generated -$6.0M in operating cash flow, capex of $68K consumed most of it, leaving -$6.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Natural Health Trends Corp generates a -3.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 3/100. This is down from 1.7% the prior year.

Piotroski F-Score Weak

2/9

Natural Health Trends Corp passes 2 of 9 financial strength tests. No profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

6.80x

For every $1 of reported earnings, Natural Health Trends Corp generates $6.80 in operating cash flow (-$6.0M OCF vs -$882K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$39.8M

YoY-7.4%

5Y CAGR-8.5%

10Y CAGR-17.3%

Natural Health Trends Corp generated $39.8M in revenue in fiscal year 2025. This represents a decrease of 7.4% from the prior year.

EBITDA

-$1.7M

YoY-45.5%

Natural Health Trends Corp's EBITDA was -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 45.5% from the prior year.

Net Income

-$882K

YoY-254.2%

Natural Health Trends Corp reported -$882K in net income in fiscal year 2025. This represents a decrease of 254.2% from the prior year.

EPS (Diluted)

$-0.08

YoY-260.0%

Natural Health Trends Corp earned $-0.08 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 260.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$6.1M

YoY-77.1%

Natural Health Trends Corp generated -$6.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 77.1% from the prior year.

Cash & Debt

$6.8M

YoY-49.7%

5Y CAGR-40.6%

10Y CAGR-23.9%

Natural Health Trends Corp held $6.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.80

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+19.0%

Natural Health Trends Corp paid $0.80 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

73.5%

YoY-0.4pp

5Y CAGR+0.9pp

10Y CAGR-6.0pp

Natural Health Trends Corp's gross margin was 73.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.

Operating Margin

-4.5%

YoY-1.5pp

5Y CAGR-5.6pp

10Y CAGR-22.6pp

Natural Health Trends Corp's operating margin was -4.5% in fiscal year 2025, reflecting core business profitability. This is down 1.5 percentage points from the prior year.

Net Margin

-2.2%

YoY-3.6pp

5Y CAGR-3.6pp

10Y CAGR-20.1pp

Natural Health Trends Corp's net profit margin was -2.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.6 percentage points from the prior year.

Return on Equity

-3.8%

YoY-5.5pp

5Y CAGR-5.0pp

10Y CAGR-86.9pp

Natural Health Trends Corp's ROE was -3.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$68K

YoY+19.3%

5Y CAGR-20.3%

10Y CAGR-20.9%

Natural Health Trends Corp invested $68K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 19.3% from the prior year.

NHTC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$39.8M-7.4%	$43.0M-2.2%	$43.9M-10.6%	$49.1M-18.1%	$60.0M-3.3%	$62.1M
Cost of Revenue	$10.5M-5.9%	$11.2M0.0%	$11.2M-11.7%	$12.7M-15.6%	$15.0M-11.7%	$17.0M
Gross Profit	$29.3M-8.0%	$31.8M-2.9%	$32.7M-10.2%	$36.5M-18.9%	$45.0M-0.2%	$45.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$14.8M-4.9%	$15.5M-3.1%	$16.0M+0.1%	$16.0M-10.4%	$17.8M-2.0%	$18.2M
Operating Income	-$1.8M-39.2%	-$1.3M+22.3%	-$1.7M-518.9%	-$270K-117.2%	$1.6M+134.8%	$669K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$315K+556.3%	$48K-72.9%	$177K-38.8%	$289K-32.0%	$425K-34.3%	$647K
Net Income	-$882K-254.2%	$572K+0.7%	$568K+81.5%	$313K-71.2%	$1.1M+28.7%	$843K
EPS (Diluted)	$-0.08-260.0%	$0.050.0%	$0.05+66.7%	$0.03-66.7%	$0.09+28.6%	$0.07

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$9.7M+2.9%	$9.5M-3.4%	$9.8M-8.6%	$10.7M-1.0%	$10.8M+1.4%	$10.7M+2.1%	$10.5M-4.3%	$11.0M
Cost of Revenue	$2.6M+6.1%	$2.5M-2.7%	$2.6M-9.7%	$2.8M+1.1%	$2.8M+1.3%	$2.8M+2.4%	$2.7M-7.3%	$2.9M
Gross Profit	$7.1M+1.7%	$7.0M-3.7%	$7.3M-8.2%	$7.9M-1.7%	$8.0M+1.5%	$7.9M+1.9%	$7.8M-3.3%	$8.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.8M+5.8%	$3.6M+0.8%	$3.6M-4.9%	$3.8M-3.9%	$3.9M+1.2%	$3.9M+1.5%	$3.8M-2.7%	$3.9M
Operating Income	-$635K-28.3%	-$495K-48.6%	-$333K+3.5%	-$345K+18.1%	-$421K-53.1%	-$275K-15.5%	-$238K+34.8%	-$365K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$175K+23.2%	$142K	$0+100.0%	-$2K+99.0%	-$201K-253.4%	$131K+21.3%	$108K+980.0%	$10K
Net Income	-$588K-36.4%	-$431K-2973.3%	$15K-87.7%	$122K-30.7%	$176K+402.9%	$35K-79.8%	$173K-8.0%	$188K
EPS (Diluted)	N/A	$-0.04	$0.00-100.0%	$0.01	N/A	$0.00-100.0%	$0.020.0%	$0.02

NHTC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$38.4M-30.6%	$55.4M-19.9%	$69.1M-16.6%	$82.8M-15.8%	$98.4M-7.2%	$105.9M
Current Assets	$34.2M-32.9%	$51.0M-20.6%	$64.2M-17.2%	$77.6M-17.0%	$93.5M-6.3%	$99.7M
Cash & Equivalents	$6.8M-49.7%	$13.5M-75.9%	$56.2M-19.4%	$69.7M-16.9%	$83.8M-9.2%	$92.4M
Inventory	$2.0M-37.4%	$3.3M-23.8%	$4.3M-5.1%	$4.5M-13.9%	$5.3M+39.1%	$3.8M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$15.0M-33.3%	$22.5M-18.2%	$27.5M-15.8%	$32.7M-16.0%	$38.9M+1.6%	$38.2M
Current Liabilities	$13.7M-34.2%	$20.8M+4.1%	$20.0M-2.2%	$20.4M-17.1%	$24.7M+14.6%	$21.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$23.4M-28.7%	$32.9M-21.0%	$41.6M-17.1%	$50.2M-15.7%	$59.5M-12.1%	$67.7M
Retained Earnings	-$36.4M-38.3%	-$26.3M-48.8%	-$17.7M-95.5%	-$9.1M-3820.3%	-$231K-103.0%	$7.8M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$38.4M-9.0%	$42.3M-6.4%	$45.2M-15.1%	$53.2M-3.9%	$55.4M-5.0%	$58.3M-5.2%	$61.5M-9.1%	$67.6M
Current Assets	$34.2M-9.7%	$37.9M-7.3%	$40.9M-16.3%	$48.8M-4.3%	$51.0M-5.3%	$53.8M-5.4%	$56.9M-9.3%	$62.7M
Cash & Equivalents	$6.8M-52.5%	$14.3M+36.1%	$10.5M-51.4%	$21.7M+60.3%	$13.5M-40.9%	$22.9M+47.0%	$15.6M-39.7%	$25.8M
Inventory	$2.0M-5.0%	$2.2M-22.2%	$2.8M-1.6%	$2.8M-14.0%	$3.3M-11.2%	$3.7M-13.3%	$4.3M-13.2%	$4.9M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$15.0M-6.9%	$16.1M-1.2%	$16.3M-26.9%	$22.3M-0.8%	$22.5M-2.2%	$23.0M-5.2%	$24.2M-14.2%	$28.3M
Current Liabilities	$13.7M-7.2%	$14.8M-1.3%	$14.9M-27.9%	$20.7M-0.3%	$20.8M-1.5%	$21.1M-4.6%	$22.1M+6.1%	$20.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$23.4M-10.4%	$26.1M-9.4%	$28.9M-6.6%	$30.9M-6.1%	$32.9M-6.9%	$35.3M-5.2%	$37.3M-5.4%	$39.4M
Retained Earnings	-$36.4M-8.6%	-$33.5M-8.9%	-$30.8M-8.0%	-$28.5M-8.3%	-$26.3M-8.8%	-$24.2M-10.3%	-$21.9M-10.7%	-$19.8M

NHTC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$6.0M-78.1%	-$3.4M+21.3%	-$4.3M+11.8%	-$4.9M-577.6%	$1.0M-46.1%	$1.9M
Capital Expenditures	$68K+19.3%	$57K+23.9%	$46K-67.8%	$143K-36.4%	$225K+6.6%	$211K
Free Cash Flow	-$6.1M-77.1%	-$3.4M+20.8%	-$4.3M+13.4%	-$5.0M-731.5%	$791K-52.7%	$1.7M
Investing Cash Flow	$8.1M+127.1%	-$30.1M-65280.4%	-$46K+67.8%	-$143K+36.4%	-$225K-6.6%	-$211K
Financing Cash Flow	-$9.2M0.0%	-$9.2M0.0%	-$9.2M-0.8%	-$9.1M0.0%	-$9.1M0.0%	-$9.1M
Dividends Paid	$9.2M0.0%	$9.2M0.0%	$9.2M+0.8%	$9.1M0.0%	$9.1M0.0%	$9.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$959K-948.7%	$113K+102.0%	-$5.6M-1264.3%	$484K+450.0%	$88K+120.2%	-$436K+87.8%	-$3.6M-749.9%	$549K
Capital Expenditures	$5K-88.4%	$43K+975.0%	$4K-75.0%	$16K-20.0%	$20K+185.7%	$7K-63.2%	$19K+72.7%	$11K
Free Cash Flow	-$964K-1477.1%	$70K+101.2%	-$5.6M-1304.9%	$468K+588.2%	$68K+115.3%	-$443K+87.6%	-$3.6M-766.7%	$538K
Investing Cash Flow	-$4.4M-174.5%	$5.9M+277.3%	-$3.3M-133.4%	$10.0M+242.7%	-$7.0M-171.3%	$9.8M+324.6%	-$4.4M+84.7%	-$28.5M
Financing Cash Flow	-$2.3M+0.1%	-$2.3M0.0%	-$2.3M0.0%	-$2.3M0.0%	-$2.3M0.0%	-$2.3M0.0%	-$2.3M0.0%	-$2.3M
Dividends Paid	$2.3M-0.1%	$2.3M0.0%	$2.3M0.0%	$2.3M0.0%	$2.3M0.0%	$2.3M0.0%	$2.3M0.0%	$2.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NHTC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	73.5%-0.4pp	74.0%-0.6pp	74.6%+0.3pp	74.2%-0.8pp	75.0%+2.4pp	72.6%
Operating Margin	-4.5%-1.5pp	-3.0%+0.8pp	-3.8%-3.3pp	-0.5%-3.2pp	2.6%+1.5pp	1.1%
Net Margin	-2.2%-3.6pp	1.3%+0.0pp	1.3%+0.7pp	0.6%-1.2pp	1.8%+0.5pp	1.4%
Return on Equity	-3.8%-5.5pp	1.7%+0.4pp	1.4%+0.8pp	0.6%-1.2pp	1.8%+0.6pp	1.3%
Return on Assets	-2.3%-3.3pp	1.0%+0.2pp	0.8%+0.4pp	0.4%-0.7pp	1.1%+0.3pp	0.8%
Current Ratio	2.50+0.0	2.45-0.8	3.21-0.6	3.790.0	3.79-0.8	4.64
Debt-to-Equity	0.64-0.0	0.68+0.0	0.660.0	0.650.0	0.65+0.1	0.56
FCF Margin	-15.3%-7.3pp	-8.0%+1.9pp	-9.8%+0.3pp	-10.2%-11.5pp	1.3%-1.4pp	2.7%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	72.9%-0.8pp	73.7%-0.2pp	73.9%+0.3pp	73.6%-0.6pp	74.2%+0.0pp	74.1%-0.1pp	74.2%+0.8pp	73.4%
Operating Margin	-6.5%-1.3pp	-5.2%-1.8pp	-3.4%-0.2pp	-3.2%+0.7pp	-3.9%-1.3pp	-2.6%-0.3pp	-2.3%+1.1pp	-3.3%
Net Margin	-6.0%-1.5pp	-4.5%-4.7pp	0.1%-1.0pp	1.1%-0.5pp	1.6%+1.3pp	0.3%-1.3pp	1.7%-0.1pp	1.7%
Return on Equity	-2.5%-0.9pp	-1.7%-1.7pp	0.1%-0.4pp	0.4%-0.1pp	0.5%+0.4pp	0.1%-0.4pp	0.5%-0.0pp	0.5%
Return on Assets	-1.5%-0.5pp	-1.0%-1.1pp	0.0%-0.2pp	0.2%-0.1pp	0.3%+0.3pp	0.1%-0.2pp	0.3%0.0pp	0.3%
Current Ratio	2.50-0.1	2.57-0.2	2.73+0.4	2.35-0.1	2.45-0.1	2.55-0.0	2.57-0.4	3.01
Debt-to-Equity	0.64+0.0	0.62+0.1	0.57-0.2	0.72+0.0	0.68+0.0	0.650.0	0.65-0.1	0.72
FCF Margin	-9.9%-10.6pp	0.7%+58.2pp	-57.5%-61.8pp	4.4%+3.7pp	0.6%+4.8pp	-4.1%+30.1pp	-34.2%-39.1pp	4.9%

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Frequently Asked Questions

What is Natural Health Trends Corp's annual revenue?

Natural Health Trends Corp (NHTC) reported $39.8M in total revenue for fiscal year 2025. This represents a -7.4% 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 Natural Health Trends Corp's revenue growing?

Natural Health Trends Corp (NHTC) revenue declined by 7.4% year-over-year, from $43.0M to $39.8M in fiscal year 2025.

Is Natural Health Trends Corp profitable?

No, Natural Health Trends Corp (NHTC) reported a net income of -$882K in fiscal year 2025, with a net profit margin of -2.2%.

What is Natural Health Trends Corp's EBITDA?

Natural Health Trends Corp (NHTC) had EBITDA of -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Natural Health Trends Corp's gross margin?

Natural Health Trends Corp (NHTC) had a gross margin of 73.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Natural Health Trends Corp's operating margin?

Natural Health Trends Corp (NHTC) had an operating margin of -4.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Natural Health Trends Corp's net profit margin?

Natural Health Trends Corp (NHTC) had a net profit margin of -2.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Natural Health Trends Corp pay dividends?

Yes, Natural Health Trends Corp (NHTC) paid $0.80 per share in dividends during fiscal year 2025.

What is Natural Health Trends Corp's return on equity (ROE)?

Natural Health Trends Corp (NHTC) has a return on equity of -3.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Natural Health Trends Corp's free cash flow?

Natural Health Trends Corp (NHTC) generated -$6.1M in free cash flow during fiscal year 2025. This represents a -77.1% 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 Natural Health Trends Corp's operating cash flow?

Natural Health Trends Corp (NHTC) generated -$6.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Natural Health Trends Corp's total assets?

Natural Health Trends Corp (NHTC) had $38.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Natural Health Trends Corp's capital expenditures?

Natural Health Trends Corp (NHTC) invested $68K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Natural Health Trends Corp's current ratio?

Natural Health Trends Corp (NHTC) had a current ratio of 2.50 as of fiscal year 2025, which is generally considered healthy.

What is Natural Health Trends Corp's debt-to-equity ratio?

Natural Health Trends Corp (NHTC) had a debt-to-equity ratio of 0.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Natural Health Trends Corp's return on assets (ROA)?

Natural Health Trends Corp (NHTC) had a return on assets of -2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Natural Health Trends Corp's cash runway?

Based on fiscal year 2025 data, Natural Health Trends Corp (NHTC) had $6.8M in cash against an annual operating cash burn of $6.0M. This gives an estimated cash runway of approximately 14 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Natural Health Trends Corp's Piotroski F-Score?

Natural Health Trends Corp (NHTC) has a Piotroski F-Score of 2 out of 9, indicating weak 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 Natural Health Trends Corp's earnings high quality?

Natural Health Trends Corp (NHTC) has an earnings quality ratio of 6.80x, considered low quality (accrual-driven). 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.

How financially healthy is Natural Health Trends Corp?

Natural Health Trends Corp (NHTC) scores 29 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.