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Side-by-side financial comparison of HERBALIFE LTD. (HLF) and Noble Corp plc (NE). Click either name above to swap in a different company.

HERBALIFE LTD. is the larger business by last-quarter revenue ($1.2B vs $764.4M, roughly 1.6× Noble Corp plc). Noble Corp plc runs the higher net margin — 11.3% vs 5.0%, a 6.3% gap on every dollar of revenue. On growth, HERBALIFE LTD. posted the faster year-over-year revenue change (7.8% vs -17.6%). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs -2.3%).

Herbalife Nutrition Ltd., also called Herbalife International, Inc. or simply Herbalife, is an American multinational multi-level marketing (MLM) corporation that develops and sells dietary supplements. The company has been alleged to have fraudulently operated a pyramid scheme; under an SEC agreement in 2016 the compensation and other benefits were restructured to include tying distributor rewards to verifiable sales. Some products sold by Herbalife have caused acute hepatitis. The business...

Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.

HLF vs NE — Head-to-Head

Bigger by revenue
HLF
HLF
1.6× larger
HLF
$1.2B
$764.4M
NE
Growing faster (revenue YoY)
HLF
HLF
+25.4% gap
HLF
7.8%
-17.6%
NE
Higher net margin
NE
NE
6.3% more per $
NE
11.3%
5.0%
HLF
Faster 2-yr revenue CAGR
NE
NE
Annualised
NE
9.5%
-2.3%
HLF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HLF
HLF
NE
NE
Revenue
$1.2B
$764.4M
Net Profit
$61.2M
$86.6M
Gross Margin
84.0%
Operating Margin
11.3%
5.6%
Net Margin
5.0%
11.3%
Revenue YoY
7.8%
-17.6%
Net Profit YoY
21.4%
-10.4%
EPS (diluted)
$0.57
$0.54

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
HLF
HLF
NE
NE
Q1 26
$1.2B
Q4 25
$1.3B
$764.4M
Q3 25
$1.3B
$798.0M
Q2 25
$1.3B
$848.7M
Q1 25
$1.2B
$874.5M
Q4 24
$1.2B
$927.3M
Q3 24
$1.2B
$800.5M
Q2 24
$1.3B
$692.8M
Net Profit
HLF
HLF
NE
NE
Q1 26
$61.2M
Q4 25
$85.4M
$86.6M
Q3 25
$43.2M
$-21.1M
Q2 25
$49.3M
$42.9M
Q1 25
$50.4M
$108.3M
Q4 24
$177.9M
$96.6M
Q3 24
$47.4M
$61.2M
Q2 24
$4.7M
$195.0M
Gross Margin
HLF
HLF
NE
NE
Q1 26
84.0%
Q4 25
77.5%
Q3 25
77.7%
Q2 25
78.0%
Q1 25
78.3%
Q4 24
77.8%
Q3 24
78.3%
Q2 24
77.9%
Operating Margin
HLF
HLF
NE
NE
Q1 26
11.3%
Q4 25
7.8%
5.6%
Q3 25
9.9%
6.3%
Q2 25
10.5%
15.9%
Q1 25
10.1%
21.4%
Q4 24
8.8%
18.4%
Q3 24
10.2%
14.4%
Q2 24
6.3%
30.3%
Net Margin
HLF
HLF
NE
NE
Q1 26
5.0%
Q4 25
6.7%
11.3%
Q3 25
3.4%
-2.6%
Q2 25
3.9%
5.1%
Q1 25
4.1%
12.4%
Q4 24
14.7%
10.4%
Q3 24
3.8%
7.6%
Q2 24
0.4%
28.1%
EPS (diluted)
HLF
HLF
NE
NE
Q1 26
$0.57
Q4 25
$0.81
$0.54
Q3 25
$0.42
$-0.13
Q2 25
$0.48
$0.27
Q1 25
$0.49
$0.67
Q4 24
$1.75
$0.56
Q3 24
$0.46
$0.40
Q2 24
$0.05
$1.34

Balance Sheet & Financial Strength

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

Metric
HLF
HLF
NE
NE
Cash + ST InvestmentsLiquidity on hand
$451.2M
$471.4M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$4.5B
Total Assets
$2.9B
$7.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HLF
HLF
NE
NE
Q1 26
$451.2M
Q4 25
$353.1M
$471.4M
Q3 25
$305.5M
$477.9M
Q2 25
$320.9M
$338.2M
Q1 25
$329.4M
$303.8M
Q4 24
$415.3M
$247.3M
Q3 24
$402.5M
$391.9M
Q2 24
$374.0M
$162.9M
Total Debt
HLF
HLF
NE
NE
Q1 26
$2.0B
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
HLF
HLF
NE
NE
Q1 26
Q4 25
$-515.1M
$4.5B
Q3 25
$-612.0M
$4.5B
Q2 25
$-660.5M
$4.6B
Q1 25
$-736.0M
$4.7B
Q4 24
$-801.1M
$4.7B
Q3 24
$-954.2M
$4.7B
Q2 24
$-1.0B
$4.0B
Total Assets
HLF
HLF
NE
NE
Q1 26
$2.9B
Q4 25
$2.8B
$7.5B
Q3 25
$2.7B
$7.6B
Q2 25
$2.7B
$7.7B
Q1 25
$2.7B
$7.9B
Q4 24
$2.7B
$8.0B
Q3 24
$2.7B
$8.0B
Q2 24
$2.6B
$5.6B

Cash Flow & Capital Efficiency

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

Metric
HLF
HLF
NE
NE
Operating Cash FlowLast quarter
$113.8M
$187.1M
Free Cash FlowOCF − Capex
$35.4M
FCF MarginFCF / Revenue
4.6%
Capex IntensityCapex / Revenue
19.9%
Cash ConversionOCF / Net Profit
1.86×
2.16×
TTM Free Cash FlowTrailing 4 quarters
$432.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HLF
HLF
NE
NE
Q1 26
$113.8M
Q4 25
$98.3M
$187.1M
Q3 25
$138.8M
$277.1M
Q2 25
$96.0M
$216.4M
Q1 25
$200.0K
$271.1M
Q4 24
$69.6M
$136.2M
Q3 24
$99.5M
$283.8M
Q2 24
$102.5M
$106.8M
Free Cash Flow
HLF
HLF
NE
NE
Q1 26
Q4 25
$79.8M
$35.4M
Q3 25
$118.0M
$139.5M
Q2 25
$73.2M
$99.8M
Q1 25
$-18.1M
$157.5M
Q4 24
$43.9M
$-4.4M
Q3 24
$72.4M
$156.8M
Q2 24
$66.2M
$-34.3M
FCF Margin
HLF
HLF
NE
NE
Q1 26
Q4 25
6.2%
4.6%
Q3 25
9.3%
17.5%
Q2 25
5.8%
11.8%
Q1 25
-1.5%
18.0%
Q4 24
3.6%
-0.5%
Q3 24
5.8%
19.6%
Q2 24
5.2%
-4.9%
Capex Intensity
HLF
HLF
NE
NE
Q1 26
Q4 25
1.4%
19.9%
Q3 25
1.6%
17.3%
Q2 25
1.8%
13.7%
Q1 25
1.5%
13.0%
Q4 24
2.1%
15.2%
Q3 24
2.2%
15.9%
Q2 24
2.8%
20.4%
Cash Conversion
HLF
HLF
NE
NE
Q1 26
1.86×
Q4 25
1.15×
2.16×
Q3 25
3.21×
Q2 25
1.95×
5.05×
Q1 25
0.00×
2.50×
Q4 24
0.39×
1.41×
Q3 24
2.10×
4.64×
Q2 24
21.81×
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HLF
HLF

Segment breakdown not available.

NE
NE

Floaters$559.8M73%
Jackups$145.5M19%
Service Other$59.1M8%

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