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

HERBALIFE LTD. is the larger business by last-quarter revenue ($1.3B vs $1.3B, roughly 1.0× Teradyne). Teradyne runs the higher net margin — 31.1% vs 6.7%, a 24.4% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 6.3%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% CAGR vs 0.7%).

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...

Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.

HLF vs TER — Head-to-Head

Bigger by revenue
HLF
HLF
1.0× larger
HLF
$1.3B
$1.3B
TER
Growing faster (revenue YoY)
TER
TER
+80.8% gap
TER
87.0%
6.3%
HLF
Higher net margin
TER
TER
24.4% more per $
TER
31.1%
6.7%
HLF
Faster 2-yr revenue CAGR
TER
TER
Annualised
TER
32.6%
0.7%
HLF

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HLF
HLF
TER
TER
Revenue
$1.3B
$1.3B
Net Profit
$85.4M
$398.9M
Gross Margin
77.5%
60.9%
Operating Margin
7.8%
36.9%
Net Margin
6.7%
31.1%
Revenue YoY
6.3%
87.0%
Net Profit YoY
-52.0%
EPS (diluted)
$0.81
$2.53

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
TER
TER
Q1 26
$1.3B
Q4 25
$1.3B
$1.1B
Q3 25
$1.3B
$769.2M
Q2 25
$1.3B
$651.8M
Q1 25
$1.2B
$685.7M
Q4 24
$1.2B
$752.9M
Q3 24
$1.2B
$737.3M
Q2 24
$1.3B
$729.9M
Net Profit
HLF
HLF
TER
TER
Q1 26
$398.9M
Q4 25
$85.4M
$257.2M
Q3 25
$43.2M
$119.6M
Q2 25
$49.3M
$78.4M
Q1 25
$50.4M
$98.9M
Q4 24
$177.9M
$146.3M
Q3 24
$47.4M
$145.6M
Q2 24
$4.7M
$186.3M
Gross Margin
HLF
HLF
TER
TER
Q1 26
60.9%
Q4 25
77.5%
57.2%
Q3 25
77.7%
58.4%
Q2 25
78.0%
57.2%
Q1 25
78.3%
60.6%
Q4 24
77.8%
59.4%
Q3 24
78.3%
59.2%
Q2 24
77.9%
58.3%
Operating Margin
HLF
HLF
TER
TER
Q1 26
36.9%
Q4 25
7.8%
27.1%
Q3 25
9.9%
18.9%
Q2 25
10.5%
13.9%
Q1 25
10.1%
17.6%
Q4 24
8.8%
20.4%
Q3 24
10.2%
20.6%
Q2 24
6.3%
28.8%
Net Margin
HLF
HLF
TER
TER
Q1 26
31.1%
Q4 25
6.7%
23.7%
Q3 25
3.4%
15.5%
Q2 25
3.9%
12.0%
Q1 25
4.1%
14.4%
Q4 24
14.7%
19.4%
Q3 24
3.8%
19.8%
Q2 24
0.4%
25.5%
EPS (diluted)
HLF
HLF
TER
TER
Q1 26
$2.53
Q4 25
$0.81
$1.62
Q3 25
$0.42
$0.75
Q2 25
$0.48
$0.49
Q1 25
$0.49
$0.61
Q4 24
$1.75
$0.89
Q3 24
$0.46
$0.89
Q2 24
$0.05
$1.14

Balance Sheet & Financial Strength

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

Metric
HLF
HLF
TER
TER
Cash + ST InvestmentsLiquidity on hand
$353.1M
$241.9M
Total DebtLower is stronger
$2.0B
$0
Stockholders' EquityBook value
$-515.1M
Total Assets
$2.8B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HLF
HLF
TER
TER
Q1 26
$241.9M
Q4 25
$353.1M
$293.8M
Q3 25
$305.5M
$272.7M
Q2 25
$320.9M
$339.3M
Q1 25
$329.4M
$475.6M
Q4 24
$415.3M
$553.4M
Q3 24
$402.5M
$510.0M
Q2 24
$374.0M
$421.9M
Total Debt
HLF
HLF
TER
TER
Q1 26
$0
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
TER
TER
Q1 26
Q4 25
$-515.1M
$2.8B
Q3 25
$-612.0M
$2.7B
Q2 25
$-660.5M
$2.8B
Q1 25
$-736.0M
$2.8B
Q4 24
$-801.1M
$2.8B
Q3 24
$-954.2M
$2.9B
Q2 24
$-1.0B
$2.7B
Total Assets
HLF
HLF
TER
TER
Q1 26
$4.4B
Q4 25
$2.8B
$4.2B
Q3 25
$2.7B
$4.0B
Q2 25
$2.7B
$3.8B
Q1 25
$2.7B
$3.7B
Q4 24
$2.7B
$3.7B
Q3 24
$2.7B
$3.8B
Q2 24
$2.6B
$3.6B

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
TER
TER
Operating Cash FlowLast quarter
$98.3M
$265.1M
Free Cash FlowOCF − Capex
$79.8M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.15×
0.66×
TTM Free Cash FlowTrailing 4 quarters
$252.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HLF
HLF
TER
TER
Q1 26
$265.1M
Q4 25
$98.3M
$281.6M
Q3 25
$138.8M
$49.0M
Q2 25
$96.0M
$182.1M
Q1 25
$200.0K
$161.6M
Q4 24
$69.6M
$282.6M
Q3 24
$99.5M
$166.3M
Q2 24
$102.5M
$216.1M
Free Cash Flow
HLF
HLF
TER
TER
Q1 26
Q4 25
$79.8M
$218.8M
Q3 25
$118.0M
$2.4M
Q2 25
$73.2M
$131.7M
Q1 25
$-18.1M
$97.6M
Q4 24
$43.9M
$225.2M
Q3 24
$72.4M
$114.4M
Q2 24
$66.2M
$171.2M
FCF Margin
HLF
HLF
TER
TER
Q1 26
Q4 25
6.2%
20.2%
Q3 25
9.3%
0.3%
Q2 25
5.8%
20.2%
Q1 25
-1.5%
14.2%
Q4 24
3.6%
29.9%
Q3 24
5.8%
15.5%
Q2 24
5.2%
23.5%
Capex Intensity
HLF
HLF
TER
TER
Q1 26
Q4 25
1.4%
5.8%
Q3 25
1.6%
6.1%
Q2 25
1.8%
7.7%
Q1 25
1.5%
9.3%
Q4 24
2.1%
7.6%
Q3 24
2.2%
7.0%
Q2 24
2.8%
6.1%
Cash Conversion
HLF
HLF
TER
TER
Q1 26
0.66×
Q4 25
1.15×
1.09×
Q3 25
3.21×
0.41×
Q2 25
1.95×
2.32×
Q1 25
0.00×
1.63×
Q4 24
0.39×
1.93×
Q3 24
2.10×
1.14×
Q2 24
21.81×
1.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HLF
HLF

Others$514.4M40%
Other$300.0M23%
IN$250.3M20%
MX$147.2M11%
VN$71.1M6%

TER
TER

Segment breakdown not available.

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