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Side-by-side financial comparison of MANNATECH INC (MTEX) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.

Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $29.2M, roughly 1.7× MANNATECH INC). MANNATECH INC runs the higher net margin — 6.6% vs -2.1%, a 8.7% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -8.1%). Quipt Home Medical Corp. produced more free cash flow last quarter ($6.9M vs $-2.0M).

Mannatech Inc. is a publicly traded, multinational multi-level marketing firm that sells dietary supplements and personal care products. It was founded in November 1993 by Samuel Caster, and is headquartered in Flower Mound, Texas. The company's stock is traded on the NASDAQ exchange under the symbol MTEX. As of 2017, Mannatech employed 252 people and sold its products through some 220,000 independent sales associates.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

MTEX vs QIPT — Head-to-Head

Bigger by revenue
QIPT
QIPT
1.7× larger
QIPT
$49.0M
$29.2M
MTEX
Growing faster (revenue YoY)
QIPT
QIPT
+40.3% gap
QIPT
32.3%
-8.1%
MTEX
Higher net margin
MTEX
MTEX
8.7% more per $
MTEX
6.6%
-2.1%
QIPT
More free cash flow
QIPT
QIPT
$8.9M more FCF
QIPT
$6.9M
$-2.0M
MTEX

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
MTEX
MTEX
QIPT
QIPT
Revenue
$29.2M
$49.0M
Net Profit
$1.9M
$-1.1M
Gross Margin
76.4%
53.5%
Operating Margin
6.9%
2.1%
Net Margin
6.6%
-2.1%
Revenue YoY
-8.1%
32.3%
Net Profit YoY
686.6%
2.9%
EPS (diluted)
$1.01
$-0.02

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
MTEX
MTEX
QIPT
QIPT
Q4 25
$49.0M
Q3 25
$29.2M
$39.8M
Q2 25
$35.1M
Q1 25
$26.6M
$33.3M
Q4 24
$29.0M
$37.1M
Q3 24
$31.7M
Q2 24
$27.7M
Q1 24
$29.4M
Net Profit
MTEX
MTEX
QIPT
QIPT
Q4 25
$-1.1M
Q3 25
$1.9M
$-3.5M
Q2 25
$-3.0M
Q1 25
$-1.5M
$-3.0M
Q4 24
$2.3M
$-1.1M
Q3 24
$-328.0K
Q2 24
$-624.0K
Q1 24
$1.2M
Gross Margin
MTEX
MTEX
QIPT
QIPT
Q4 25
53.5%
Q3 25
76.4%
48.7%
Q2 25
57.6%
Q1 25
74.3%
54.6%
Q4 24
80.6%
52.1%
Q3 24
74.5%
Q2 24
77.1%
Q1 24
78.6%
Operating Margin
MTEX
MTEX
QIPT
QIPT
Q4 25
2.1%
Q3 25
6.9%
-3.6%
Q2 25
-5.2%
Q1 25
-3.1%
-3.0%
Q4 24
3.0%
1.2%
Q3 24
2.8%
Q2 24
-4.1%
Q1 24
2.8%
Net Margin
MTEX
MTEX
QIPT
QIPT
Q4 25
-2.1%
Q3 25
6.6%
-8.9%
Q2 25
-8.6%
Q1 25
-5.8%
-9.1%
Q4 24
7.8%
-2.9%
Q3 24
-1.0%
Q2 24
-2.2%
Q1 24
4.0%
EPS (diluted)
MTEX
MTEX
QIPT
QIPT
Q4 25
$-0.02
Q3 25
$1.01
$-0.07
Q2 25
$-0.07
Q1 25
$-0.80
$-0.07
Q4 24
$1.19
$-0.03
Q3 24
$-0.17
Q2 24
$-0.33
Q1 24
$0.63

Balance Sheet & Financial Strength

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

Metric
MTEX
MTEX
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$7.1M
$10.5M
Total DebtLower is stronger
$2.9M
$84.0M
Stockholders' EquityBook value
$7.0M
$113.0M
Total Assets
$33.9M
$280.7M
Debt / EquityLower = less leverage
0.42×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTEX
MTEX
QIPT
QIPT
Q4 25
$10.5M
Q3 25
$7.1M
$12.9M
Q2 25
$11.3M
Q1 25
$9.3M
$17.1M
Q4 24
$11.4M
$15.5M
Q3 24
$12.2M
Q2 24
$9.2M
Q1 24
$7.9M
Total Debt
MTEX
MTEX
QIPT
QIPT
Q4 25
$84.0M
Q3 25
$2.9M
$87.6M
Q2 25
$66.0M
Q1 25
$71.5M
Q4 24
$70.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MTEX
MTEX
QIPT
QIPT
Q4 25
$113.0M
Q3 25
$7.0M
$112.1M
Q2 25
$102.5M
Q1 25
$7.6M
$103.6M
Q4 24
$8.6M
$106.3M
Q3 24
$10.0M
Q2 24
$8.2M
Q1 24
$10.4M
Total Assets
MTEX
MTEX
QIPT
QIPT
Q4 25
$280.7M
Q3 25
$33.9M
$283.3M
Q2 25
$236.1M
Q1 25
$36.7M
$244.6M
Q4 24
$36.1M
$242.8M
Q3 24
$40.6M
Q2 24
$39.9M
Q1 24
$41.1M
Debt / Equity
MTEX
MTEX
QIPT
QIPT
Q4 25
0.74×
Q3 25
0.42×
0.78×
Q2 25
0.64×
Q1 25
0.69×
Q4 24
0.66×
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
MTEX
MTEX
QIPT
QIPT
Operating Cash FlowLast quarter
$-1.3M
$8.9M
Free Cash FlowOCF − Capex
$-2.0M
$6.9M
FCF MarginFCF / Revenue
-6.8%
14.0%
Capex IntensityCapex / Revenue
2.4%
4.2%
Cash ConversionOCF / Net Profit
-0.68×
TTM Free Cash FlowTrailing 4 quarters
$-1.2M
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTEX
MTEX
QIPT
QIPT
Q4 25
$8.9M
Q3 25
$-1.3M
$9.8M
Q2 25
$9.7M
Q1 25
$-1.4M
$8.9M
Q4 24
$-219.0K
$9.3M
Q3 24
$3.3M
Q2 24
$-2.7M
Q1 24
$1.9M
Free Cash Flow
MTEX
MTEX
QIPT
QIPT
Q4 25
$6.9M
Q3 25
$-2.0M
$8.0M
Q2 25
$4.4M
Q1 25
$-1.9M
$7.3M
Q4 24
$-325.0K
$5.6M
Q3 24
$3.0M
Q2 24
$-2.7M
Q1 24
$1.8M
FCF Margin
MTEX
MTEX
QIPT
QIPT
Q4 25
14.0%
Q3 25
-6.8%
20.0%
Q2 25
12.6%
Q1 25
-7.0%
22.0%
Q4 24
-1.1%
15.2%
Q3 24
9.5%
Q2 24
-9.9%
Q1 24
6.2%
Capex Intensity
MTEX
MTEX
QIPT
QIPT
Q4 25
4.2%
Q3 25
2.4%
4.6%
Q2 25
14.9%
Q1 25
1.8%
4.8%
Q4 24
0.4%
9.9%
Q3 24
0.8%
Q2 24
0.3%
Q1 24
0.2%
Cash Conversion
MTEX
MTEX
QIPT
QIPT
Q4 25
Q3 25
-0.68×
Q2 25
Q1 25
Q4 24
-0.10×
Q3 24
Q2 24
Q1 24
1.59×

Financial Flow Comparison

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

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