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Side-by-side financial comparison of Farmmi, Inc. (FAMI) and NATURAL HEALTH TRENDS CORP (NHTC). Click either name above to swap in a different company.

Farmmi, Inc. is the larger business by last-quarter revenue ($16.1M vs $9.7M, roughly 1.7× NATURAL HEALTH TRENDS CORP). Farmmi, Inc. runs the higher net margin — -0.3% vs -6.0%, a 5.8% gap on every dollar of revenue. On growth, NATURAL HEALTH TRENDS CORP posted the faster year-over-year revenue change (-10.1% vs -55.7%). Farmmi, Inc. produced more free cash flow last quarter ($14.6M vs $-964.0K).

Farmmi Inc. is a company that processes and sells agricultural products in China and abroad; it grows and markets shiitake and wood ear mushrooms and other edible fungi products, including bamboo fungi, chestnut mushroom, trumpet royale, hen of the woods, lawyer's wig, and lion's mane mushroom. It also operates Farmmi Jicai, an online store that sells edible fungi products under the Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms,...

Sword Health is a digital health company that develops physical therapy programs for musculoskeletal (MSK) conditions, pelvic health, and injury prevention. The company was founded in 2015 in Portugal by Virgílio Bento and Márcio Colunas. Its services include digital physical therapy with artificial intelligence (AI) integrated into the care model. As of 2024, Sword Health operates internationally, with offices in the United States, Ireland, and Portugal. The company has been valued at $3 bil...

FAMI vs NHTC — Head-to-Head

Bigger by revenue
FAMI
FAMI
1.7× larger
FAMI
$16.1M
$9.7M
NHTC
Growing faster (revenue YoY)
NHTC
NHTC
+45.6% gap
NHTC
-10.1%
-55.7%
FAMI
Higher net margin
FAMI
FAMI
5.8% more per $
FAMI
-0.3%
-6.0%
NHTC
More free cash flow
FAMI
FAMI
$15.5M more FCF
FAMI
$14.6M
$-964.0K
NHTC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
FAMI
FAMI
NHTC
NHTC
Revenue
$16.1M
$9.7M
Net Profit
$-44.0K
$-588.0K
Gross Margin
5.0%
72.9%
Operating Margin
-4.1%
-6.5%
Net Margin
-0.3%
-6.0%
Revenue YoY
-55.7%
-10.1%
Net Profit YoY
-107.0%
-434.1%
EPS (diluted)
$-0.04
$-0.05

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
FAMI
FAMI
NHTC
NHTC
Q4 25
$9.7M
Q3 25
$9.5M
Q2 25
$9.8M
Q1 25
$16.1M
$10.7M
Q4 24
$10.8M
Q3 24
$10.7M
Q2 24
$10.5M
Q1 24
$36.4M
$11.0M
Net Profit
FAMI
FAMI
NHTC
NHTC
Q4 25
$-588.0K
Q3 25
$-431.0K
Q2 25
$15.0K
Q1 25
$-44.0K
$122.0K
Q4 24
$176.0K
Q3 24
$35.0K
Q2 24
$173.0K
Q1 24
$630.5K
$188.0K
Gross Margin
FAMI
FAMI
NHTC
NHTC
Q4 25
72.9%
Q3 25
73.7%
Q2 25
73.9%
Q1 25
5.0%
73.6%
Q4 24
74.2%
Q3 24
74.1%
Q2 24
74.2%
Q1 24
5.9%
73.4%
Operating Margin
FAMI
FAMI
NHTC
NHTC
Q4 25
-6.5%
Q3 25
-5.2%
Q2 25
-3.4%
Q1 25
-4.1%
-3.2%
Q4 24
-3.9%
Q3 24
-2.6%
Q2 24
-2.3%
Q1 24
2.5%
-3.3%
Net Margin
FAMI
FAMI
NHTC
NHTC
Q4 25
-6.0%
Q3 25
-4.5%
Q2 25
0.2%
Q1 25
-0.3%
1.1%
Q4 24
1.6%
Q3 24
0.3%
Q2 24
1.7%
Q1 24
1.7%
1.7%
EPS (diluted)
FAMI
FAMI
NHTC
NHTC
Q4 25
$-0.05
Q3 25
$-0.04
Q2 25
$0.00
Q1 25
$-0.04
$0.01
Q4 24
$0.01
Q3 24
$0.00
Q2 24
$0.02
Q1 24
$1.20
$0.02

Balance Sheet & Financial Strength

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

Metric
FAMI
FAMI
NHTC
NHTC
Cash + ST InvestmentsLiquidity on hand
$28.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$166.4M
$23.4M
Total Assets
$230.4M
$38.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FAMI
FAMI
NHTC
NHTC
Q4 25
$28.9M
Q3 25
$32.0M
Q2 25
$34.2M
Q1 25
$41.9M
Q4 24
$43.9M
Q3 24
$46.3M
Q2 24
$48.7M
Q1 24
$54.4M
Stockholders' Equity
FAMI
FAMI
NHTC
NHTC
Q4 25
$23.4M
Q3 25
$26.1M
Q2 25
$28.9M
Q1 25
$166.4M
$30.9M
Q4 24
$32.9M
Q3 24
$35.3M
Q2 24
$37.3M
Q1 24
$164.4M
$39.4M
Total Assets
FAMI
FAMI
NHTC
NHTC
Q4 25
$38.4M
Q3 25
$42.3M
Q2 25
$45.2M
Q1 25
$230.4M
$53.2M
Q4 24
$55.4M
Q3 24
$58.3M
Q2 24
$61.5M
Q1 24
$171.9M
$67.6M

Cash Flow & Capital Efficiency

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

Metric
FAMI
FAMI
NHTC
NHTC
Operating Cash FlowLast quarter
$14.6M
$-959.0K
Free Cash FlowOCF − Capex
$14.6M
$-964.0K
FCF MarginFCF / Revenue
90.1%
-9.9%
Capex IntensityCapex / Revenue
0.1%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FAMI
FAMI
NHTC
NHTC
Q4 25
$-959.0K
Q3 25
$113.0K
Q2 25
$-5.6M
Q1 25
$14.6M
$484.0K
Q4 24
$88.0K
Q3 24
$-436.0K
Q2 24
$-3.6M
Q1 24
$-14.9M
$549.0K
Free Cash Flow
FAMI
FAMI
NHTC
NHTC
Q4 25
$-964.0K
Q3 25
$70.0K
Q2 25
$-5.6M
Q1 25
$14.6M
$468.0K
Q4 24
$68.0K
Q3 24
$-443.0K
Q2 24
$-3.6M
Q1 24
$538.0K
FCF Margin
FAMI
FAMI
NHTC
NHTC
Q4 25
-9.9%
Q3 25
0.7%
Q2 25
-57.5%
Q1 25
90.1%
4.4%
Q4 24
0.6%
Q3 24
-4.1%
Q2 24
-34.2%
Q1 24
4.9%
Capex Intensity
FAMI
FAMI
NHTC
NHTC
Q4 25
0.1%
Q3 25
0.5%
Q2 25
0.0%
Q1 25
0.1%
0.1%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.2%
Q1 24
0.0%
0.1%
Cash Conversion
FAMI
FAMI
NHTC
NHTC
Q4 25
Q3 25
Q2 25
-375.67×
Q1 25
3.97×
Q4 24
0.50×
Q3 24
-12.46×
Q2 24
-20.62×
Q1 24
-23.63×
2.92×

Financial Flow Comparison

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

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