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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and USANA HEALTH SCIENCES INC (USNA). Click either name above to swap in a different company.

USANA HEALTH SCIENCES INC is the larger business by last-quarter revenue ($250.2M vs $132.7M, roughly 1.9× Emerald Holding, Inc.). USANA HEALTH SCIENCES INC runs the higher net margin — 3.0% vs -22.8%, a 25.8% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs -3.0%). Over the past eight quarters, USANA HEALTH SCIENCES INC's revenue compounded faster (11.8% CAGR vs -0.3%).

TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.

Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.

EEX vs USNA — Head-to-Head

Bigger by revenue
USNA
USNA
1.9× larger
USNA
$250.2M
$132.7M
EEX
Growing faster (revenue YoY)
EEX
EEX
+27.3% gap
EEX
24.3%
-3.0%
USNA
Higher net margin
USNA
USNA
25.8% more per $
USNA
3.0%
-22.8%
EEX
Faster 2-yr revenue CAGR
USNA
USNA
Annualised
USNA
11.8%
-0.3%
EEX

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
EEX
EEX
USNA
USNA
Revenue
$132.7M
$250.2M
Net Profit
$-30.2M
$7.5M
Gross Margin
76.2%
Operating Margin
-11.8%
5.5%
Net Margin
-22.8%
3.0%
Revenue YoY
24.3%
-3.0%
Net Profit YoY
-692.2%
-20.0%
EPS (diluted)
$-0.15
$0.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EEX
EEX
USNA
USNA
Q1 26
$250.2M
Q4 25
$132.7M
$226.2M
Q3 25
$77.5M
$213.7M
Q2 25
$105.5M
$235.8M
Q1 25
$147.7M
$249.5M
Q4 24
$106.8M
$213.6M
Q3 24
$72.6M
$200.2M
Q2 24
$86.0M
Net Profit
EEX
EEX
USNA
USNA
Q1 26
$7.5M
Q4 25
$-30.2M
$180.0K
Q3 25
$-14.4M
$-6.5M
Q2 25
$-1.4M
$9.7M
Q1 25
$15.3M
$9.4M
Q4 24
$5.1M
$4.5M
Q3 24
$-11.1M
$10.6M
Q2 24
$-2.8M
Gross Margin
EEX
EEX
USNA
USNA
Q1 26
76.2%
Q4 25
78.2%
Q3 25
77.2%
Q2 25
78.7%
Q1 25
79.0%
Q4 24
82.0%
Q3 24
80.4%
Q2 24
Operating Margin
EEX
EEX
USNA
USNA
Q1 26
5.5%
Q4 25
-11.8%
1.7%
Q3 25
-10.1%
0.6%
Q2 25
9.7%
7.1%
Q1 25
24.2%
6.3%
Q4 24
19.5%
3.8%
Q3 24
-6.5%
7.8%
Q2 24
7.4%
Net Margin
EEX
EEX
USNA
USNA
Q1 26
3.0%
Q4 25
-22.8%
0.1%
Q3 25
-18.6%
-3.1%
Q2 25
-1.3%
4.1%
Q1 25
10.4%
3.8%
Q4 24
4.8%
2.1%
Q3 24
-15.3%
5.3%
Q2 24
-3.3%
EPS (diluted)
EEX
EEX
USNA
USNA
Q1 26
$0.41
Q4 25
$-0.15
$-0.10
Q3 25
$-0.07
$-0.36
Q2 25
$-0.01
$0.52
Q1 25
$0.08
$0.49
Q4 24
$0.01
$0.23
Q3 24
$-0.05
$0.56
Q2 24
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EEX
EEX
USNA
USNA
Cash + ST InvestmentsLiquidity on hand
$100.9M
$162.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$338.8M
Total Assets
$1.2B
$739.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EEX
EEX
USNA
USNA
Q1 26
$162.8M
Q4 25
$100.9M
$158.4M
Q3 25
$95.4M
$145.3M
Q2 25
$156.4M
$151.3M
Q1 25
$276.8M
$179.6M
Q4 24
$194.8M
$181.8M
Q3 24
$188.9M
$364.9M
Q2 24
$193.2M
Stockholders' Equity
EEX
EEX
USNA
USNA
Q1 26
Q4 25
$338.8M
Q3 25
$369.5M
$528.1M
Q2 25
$389.4M
$531.1M
Q1 25
$392.1M
$529.8M
Q4 24
$385.9M
$532.1M
Q3 24
$391.1M
$533.1M
Q2 24
$407.6M
Total Assets
EEX
EEX
USNA
USNA
Q1 26
$739.0M
Q4 25
$1.2B
$742.9M
Q3 25
$1.2B
$726.6M
Q2 25
$1.2B
$734.5M
Q1 25
$1.2B
$746.6M
Q4 24
$1.0B
$748.2M
Q3 24
$1.1B
$671.3M
Q2 24
$1.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EEX
EEX
USNA
USNA
Operating Cash FlowLast quarter
$12.3M
Free Cash FlowOCF − Capex
$11.7M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EEX
EEX
USNA
USNA
Q1 26
Q4 25
$12.3M
Q3 25
$1.8M
$-2.0M
Q2 25
$15.9M
$12.2M
Q1 25
$12.6M
$15.5M
Q4 24
$20.6M
$5.8M
Q3 24
$9.1M
$29.5M
Q2 24
$9.8M
Free Cash Flow
EEX
EEX
USNA
USNA
Q1 26
Q4 25
$11.7M
Q3 25
$1.5M
$-5.2M
Q2 25
$15.8M
$7.2M
Q1 25
$12.4M
$12.7M
Q4 24
$19.9M
$4.0M
Q3 24
$9.0M
$27.1M
Q2 24
$9.6M
FCF Margin
EEX
EEX
USNA
USNA
Q1 26
Q4 25
8.8%
Q3 25
1.9%
-2.4%
Q2 25
15.0%
3.0%
Q1 25
8.4%
5.1%
Q4 24
18.6%
1.9%
Q3 24
12.4%
13.6%
Q2 24
11.2%
Capex Intensity
EEX
EEX
USNA
USNA
Q1 26
Q4 25
0.5%
Q3 25
0.4%
1.5%
Q2 25
0.1%
2.1%
Q1 25
0.1%
1.1%
Q4 24
0.7%
0.8%
Q3 24
0.1%
1.2%
Q2 24
0.2%
Cash Conversion
EEX
EEX
USNA
USNA
Q1 26
Q4 25
Q3 25
Q2 25
1.27×
Q1 25
0.82×
1.65×
Q4 24
4.04×
1.29×
Q3 24
2.78×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EEX
EEX

Connections Segment$121.9M92%
Commerce Segment$5.5M4%
Content$5.3M4%

USNA
USNA

Segment breakdown not available.

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