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Side-by-side financial comparison of Investar Holding Corp (ISTR) and NATURAL ALTERNATIVES INTERNATIONAL INC (NAII). Click either name above to swap in a different company.

NATURAL ALTERNATIVES INTERNATIONAL INC is the larger business by last-quarter revenue ($34.8M vs $23.5M, roughly 1.5× Investar Holding Corp). On growth, NATURAL ALTERNATIVES INTERNATIONAL INC posted the faster year-over-year revenue change (2.1% vs 0.9%). Over the past eight quarters, NATURAL ALTERNATIVES INTERNATIONAL INC's revenue compounded faster (17.7% CAGR vs 4.9%).

Investar Holding Corp is a U.S.-headquartered bank holding company that primarily operates across the Gulf Coast region. It delivers a full range of commercial and retail banking services, including deposit products, consumer and business loans, mortgage services, and wealth management solutions for individual clients, small and medium-sized enterprises, and commercial entities.

Natural Alternatives International, Inc. (NAI) is an American company based in Carlsbad, California which manufactures nutritional supplements such as Juice Plus. NAI was founded in 1980 by Mark A. LeDoux, and had 241 employees in 2007. NAI's manufacturing facilities are located in Vista, California, Switzerland and Japan.

ISTR vs NAII — Head-to-Head

Bigger by revenue
NAII
NAII
1.5× larger
NAII
$34.8M
$23.5M
ISTR
Growing faster (revenue YoY)
NAII
NAII
+1.2% gap
NAII
2.1%
0.9%
ISTR
Faster 2-yr revenue CAGR
NAII
NAII
Annualised
NAII
17.7%
4.9%
ISTR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ISTR
ISTR
NAII
NAII
Revenue
$23.5M
$34.8M
Net Profit
$-2.6M
Gross Margin
7.2%
Operating Margin
30.9%
-5.3%
Net Margin
-7.3%
Revenue YoY
0.9%
2.1%
Net Profit YoY
-16.5%
EPS (diluted)
$0.50
$-0.42

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
ISTR
ISTR
NAII
NAII
Q4 25
$23.5M
$34.8M
Q3 25
$24.1M
$37.7M
Q2 25
$22.3M
$33.9M
Q1 25
$24.0M
$28.8M
Q4 24
$23.3M
$34.1M
Q3 24
$22.3M
$33.1M
Q2 24
$20.4M
$29.5M
Q1 24
$21.4M
$25.1M
Net Profit
ISTR
ISTR
NAII
NAII
Q4 25
$-2.6M
Q3 25
$6.2M
$-291.0K
Q2 25
$4.5M
$-7.2M
Q1 25
$6.3M
$-2.2M
Q4 24
$-2.2M
Q3 24
$5.4M
$-2.0M
Q2 24
$4.1M
$-1.9M
Q1 24
$4.7M
$-1.6M
Gross Margin
ISTR
ISTR
NAII
NAII
Q4 25
7.2%
Q3 25
11.7%
Q2 25
10.4%
Q1 25
6.3%
Q4 24
4.9%
Q3 24
6.8%
Q2 24
4.8%
Q1 24
7.6%
Operating Margin
ISTR
ISTR
NAII
NAII
Q4 25
30.9%
-5.3%
Q3 25
31.0%
0.8%
Q2 25
24.4%
-5.7%
Q1 25
32.2%
-7.3%
Q4 24
31.1%
-8.2%
Q3 24
27.6%
-5.5%
Q2 24
24.0%
-8.6%
Q1 24
28.5%
-7.8%
Net Margin
ISTR
ISTR
NAII
NAII
Q4 25
-7.3%
Q3 25
25.6%
-0.8%
Q2 25
20.2%
-21.3%
Q1 25
26.3%
-7.6%
Q4 24
-6.4%
Q3 24
24.1%
-6.0%
Q2 24
19.9%
-6.4%
Q1 24
22.0%
-6.3%
EPS (diluted)
ISTR
ISTR
NAII
NAII
Q4 25
$0.50
$-0.42
Q3 25
$0.54
$-0.05
Q2 25
$0.46
$-1.21
Q1 25
$0.63
$-0.37
Q4 24
$0.61
$-0.37
Q3 24
$0.54
$-0.33
Q2 24
$0.41
$-0.32
Q1 24
$0.48
$-0.27

Balance Sheet & Financial Strength

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

Metric
ISTR
ISTR
NAII
NAII
Cash + ST InvestmentsLiquidity on hand
$3.8M
Total DebtLower is stronger
$9.8M
Stockholders' EquityBook value
$301.1M
$67.0M
Total Assets
$2.8B
$153.3M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ISTR
ISTR
NAII
NAII
Q4 25
$3.8M
Q3 25
$7.7M
Q2 25
$12.3M
Q1 25
$10.6M
Q4 24
$8.7M
Q3 24
$10.2M
Q2 24
$12.0M
Q1 24
$12.4M
Total Debt
ISTR
ISTR
NAII
NAII
Q4 25
$9.8M
Q3 25
Q2 25
Q1 25
Q4 24
$9.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ISTR
ISTR
NAII
NAII
Q4 25
$301.1M
$67.0M
Q3 25
$295.3M
$69.0M
Q2 25
$255.9M
$68.4M
Q1 25
$251.7M
$76.6M
Q4 24
$241.3M
$79.1M
Q3 24
$245.5M
$80.2M
Q2 24
$230.2M
$82.6M
Q1 24
$227.0M
$84.1M
Total Assets
ISTR
ISTR
NAII
NAII
Q4 25
$2.8B
$153.3M
Q3 25
$2.8B
$156.9M
Q2 25
$2.7B
$151.9M
Q1 25
$2.7B
$154.9M
Q4 24
$2.7B
$156.1M
Q3 24
$2.8B
$161.3M
Q2 24
$2.8B
$162.3M
Q1 24
$2.8B
$153.2M
Debt / Equity
ISTR
ISTR
NAII
NAII
Q4 25
0.03×
Q3 25
Q2 25
Q1 25
Q4 24
0.04×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ISTR
ISTR
NAII
NAII
Operating Cash FlowLast quarter
$18.2M
$-6.3M
Free Cash FlowOCF − Capex
$-7.3M
FCF MarginFCF / Revenue
-20.9%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-5.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ISTR
ISTR
NAII
NAII
Q4 25
$18.2M
$-6.3M
Q3 25
$6.9M
$-4.0M
Q2 25
$3.2M
$3.3M
Q1 25
$4.5M
$6.0M
Q4 24
$15.9M
$37.0K
Q3 24
$5.6M
$-3.4M
Q2 24
$2.8M
$-2.7M
Q1 24
$7.8M
$-3.6M
Free Cash Flow
ISTR
ISTR
NAII
NAII
Q4 25
$-7.3M
Q3 25
$-5.1M
Q2 25
$1.9M
Q1 25
$5.2M
Q4 24
$-1.0M
Q3 24
$-3.7M
Q2 24
$-3.8M
Q1 24
$-3.9M
FCF Margin
ISTR
ISTR
NAII
NAII
Q4 25
-20.9%
Q3 25
-13.4%
Q2 25
5.6%
Q1 25
18.0%
Q4 24
-3.0%
Q3 24
-11.3%
Q2 24
-12.7%
Q1 24
-15.5%
Capex Intensity
ISTR
ISTR
NAII
NAII
Q4 25
2.7%
Q3 25
2.7%
Q2 25
4.3%
Q1 25
2.8%
Q4 24
3.1%
Q3 24
0.9%
Q2 24
3.5%
Q1 24
1.1%
Cash Conversion
ISTR
ISTR
NAII
NAII
Q4 25
Q3 25
1.12×
Q2 25
0.71×
Q1 25
0.71×
Q4 24
Q3 24
1.03×
Q2 24
0.70×
Q1 24
1.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ISTR
ISTR

Segment breakdown not available.

NAII
NAII

Private Label Contract Manufacturing$32.8M94%
Patent And Trademark Licensing$2.0M6%

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