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Side-by-side financial comparison of Massimo Group (MAMO) 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 $21.0M, roughly 1.7× Massimo Group). Massimo Group runs the higher net margin — 9.5% vs -7.3%, a 16.8% gap on every dollar of revenue. On growth, Massimo Group posted the faster year-over-year revenue change (15.7% vs 2.1%). Over the past eight quarters, NATURAL ALTERNATIVES INTERNATIONAL INC's revenue compounded faster (17.7% CAGR vs -16.5%).

Massimo Dutti, S.A. is a Spanish premium clothing retailer specializing in cashmere and wool products, established in 1985 and owned by Spanish multinational company Inditex, the parent company of Zara, Pull&Bear, and other brands.

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.

MAMO vs NAII — Head-to-Head

Bigger by revenue
NAII
NAII
1.7× larger
NAII
$34.8M
$21.0M
MAMO
Growing faster (revenue YoY)
MAMO
MAMO
+13.6% gap
MAMO
15.7%
2.1%
NAII
Higher net margin
MAMO
MAMO
16.8% more per $
MAMO
9.5%
-7.3%
NAII
Faster 2-yr revenue CAGR
NAII
NAII
Annualised
NAII
17.7%
-16.5%
MAMO

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
MAMO
MAMO
NAII
NAII
Revenue
$21.0M
$34.8M
Net Profit
$2.0M
$-2.6M
Gross Margin
41.5%
7.2%
Operating Margin
13.1%
-5.3%
Net Margin
9.5%
-7.3%
Revenue YoY
15.7%
2.1%
Net Profit YoY
215.0%
-16.5%
EPS (diluted)
$0.05
$-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
MAMO
MAMO
NAII
NAII
Q4 25
$21.0M
$34.8M
Q3 25
$17.0M
$37.7M
Q2 25
$18.9M
$33.9M
Q1 25
$14.9M
$28.8M
Q4 24
$18.2M
$34.1M
Q3 24
$25.6M
$33.1M
Q2 24
$35.4M
$29.5M
Q1 24
$30.2M
$25.1M
Net Profit
MAMO
MAMO
NAII
NAII
Q4 25
$2.0M
$-2.6M
Q3 25
$1.5M
$-291.0K
Q2 25
$77.7K
$-7.2M
Q1 25
$-2.1M
$-2.2M
Q4 24
$-1.7M
$-2.2M
Q3 24
$-2.5M
$-2.0M
Q2 24
$2.8M
$-1.9M
Q1 24
$3.2M
$-1.6M
Gross Margin
MAMO
MAMO
NAII
NAII
Q4 25
41.5%
7.2%
Q3 25
42.0%
11.7%
Q2 25
36.3%
10.4%
Q1 25
28.4%
6.3%
Q4 24
19.6%
4.9%
Q3 24
27.2%
6.8%
Q2 24
32.5%
4.8%
Q1 24
34.7%
7.6%
Operating Margin
MAMO
MAMO
NAII
NAII
Q4 25
13.1%
-5.3%
Q3 25
10.5%
0.8%
Q2 25
0.8%
-5.7%
Q1 25
-18.2%
-7.3%
Q4 24
-15.4%
-8.2%
Q3 24
1.2%
-5.5%
Q2 24
10.1%
-8.6%
Q1 24
13.2%
-7.8%
Net Margin
MAMO
MAMO
NAII
NAII
Q4 25
9.5%
-7.3%
Q3 25
9.0%
-0.8%
Q2 25
0.4%
-21.3%
Q1 25
-14.0%
-7.6%
Q4 24
-9.5%
-6.4%
Q3 24
-9.8%
-6.0%
Q2 24
8.0%
-6.4%
Q1 24
10.6%
-6.3%
EPS (diluted)
MAMO
MAMO
NAII
NAII
Q4 25
$0.05
$-0.42
Q3 25
$0.04
$-0.05
Q2 25
$0.00
$-1.21
Q1 25
$-0.05
$-0.37
Q4 24
$-0.05
$-0.37
Q3 24
$-0.06
$-0.33
Q2 24
$0.07
$-0.32
Q1 24
$0.08
$-0.27

Balance Sheet & Financial Strength

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

Metric
MAMO
MAMO
NAII
NAII
Cash + ST InvestmentsLiquidity on hand
$5.8M
$3.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.7M
$67.0M
Total Assets
$51.4M
$153.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAMO
MAMO
NAII
NAII
Q4 25
$5.8M
$3.8M
Q3 25
$2.6M
$7.7M
Q2 25
$12.3M
Q1 25
$3.0M
$10.6M
Q4 24
$10.2M
$8.7M
Q3 24
$10.2M
Q2 24
$12.0M
Q1 24
$12.4M
Stockholders' Equity
MAMO
MAMO
NAII
NAII
Q4 25
$23.7M
$67.0M
Q3 25
$21.7M
$69.0M
Q2 25
$20.2M
$68.4M
Q1 25
$19.9M
$76.6M
Q4 24
$21.7M
$79.1M
Q3 24
$22.5M
$80.2M
Q2 24
$24.7M
$82.6M
Q1 24
$18.1M
$84.1M
Total Assets
MAMO
MAMO
NAII
NAII
Q4 25
$51.4M
$153.3M
Q3 25
$44.4M
$156.9M
Q2 25
$45.9M
$151.9M
Q1 25
$46.4M
$154.9M
Q4 24
$54.9M
$156.1M
Q3 24
$57.1M
$161.3M
Q2 24
$49.9M
$162.3M
Q1 24
$47.3M
$153.2M

Cash Flow & Capital Efficiency

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

Metric
MAMO
MAMO
NAII
NAII
Operating Cash FlowLast quarter
$4.0M
$-6.3M
Free Cash FlowOCF − Capex
$-7.3M
FCF MarginFCF / Revenue
-20.9%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
2.01×
TTM Free Cash FlowTrailing 4 quarters
$-5.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAMO
MAMO
NAII
NAII
Q4 25
$4.0M
$-6.3M
Q3 25
$633.2K
$-4.0M
Q2 25
$-1.4M
$3.3M
Q1 25
$-3.3M
$6.0M
Q4 24
$9.1M
$37.0K
Q3 24
$4.7M
$-3.4M
Q2 24
$-6.5M
$-2.7M
Q1 24
$-637.0K
$-3.6M
Free Cash Flow
MAMO
MAMO
NAII
NAII
Q4 25
$-7.3M
Q3 25
$-5.1M
Q2 25
$1.9M
Q1 25
$5.2M
Q4 24
$9.0M
$-1.0M
Q3 24
$4.6M
$-3.7M
Q2 24
$-6.7M
$-3.8M
Q1 24
$-741.4K
$-3.9M
FCF Margin
MAMO
MAMO
NAII
NAII
Q4 25
-20.9%
Q3 25
-13.4%
Q2 25
5.6%
Q1 25
18.0%
Q4 24
49.7%
-3.0%
Q3 24
18.1%
-11.3%
Q2 24
-19.0%
-12.7%
Q1 24
-2.5%
-15.5%
Capex Intensity
MAMO
MAMO
NAII
NAII
Q4 25
2.7%
Q3 25
2.7%
Q2 25
4.3%
Q1 25
2.8%
Q4 24
0.2%
3.1%
Q3 24
0.3%
0.9%
Q2 24
0.7%
3.5%
Q1 24
0.3%
1.1%
Cash Conversion
MAMO
MAMO
NAII
NAII
Q4 25
2.01×
Q3 25
0.41×
Q2 25
-17.92×
Q1 25
Q4 24
Q3 24
Q2 24
-2.30×
Q1 24
-0.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAMO
MAMO

Segment breakdown not available.

NAII
NAII

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

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