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Side-by-side financial comparison of MANNATECH INC (MTEX) and RICHARDSON ELECTRONICS, LTD. (RELL). Click either name above to swap in a different company.

RICHARDSON ELECTRONICS, LTD. is the larger business by last-quarter revenue ($52.3M vs $29.2M, roughly 1.8× MANNATECH INC). MANNATECH INC runs the higher net margin — 6.6% vs -0.2%, a 6.8% gap on every dollar of revenue. On growth, RICHARDSON ELECTRONICS, LTD. posted the faster year-over-year revenue change (5.7% vs -8.1%). RICHARDSON ELECTRONICS, LTD. produced more free cash flow last quarter ($-1.7M vs $-2.0M). Over the past eight quarters, RICHARDSON ELECTRONICS, LTD.'s revenue compounded faster (-0.3% CAGR vs -5.4%).

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.

The James Richardson Corporation, also going by the name James Richardson Group or JR/Group, is an Australian furniture, hospitality, real estate and retail corporation, headquartered in the Abbotsford suburb of Melbourne, Australia. It is privately owned and employs approximately 2,300 people worldwide. It is perhaps best known among consumers for its duty-free retail stores in airports and border crossings in Australasia and the Middle East. The company is a household name in Israel due to ...

MTEX vs RELL — Head-to-Head

Bigger by revenue
RELL
RELL
1.8× larger
RELL
$52.3M
$29.2M
MTEX
Growing faster (revenue YoY)
RELL
RELL
+13.7% gap
RELL
5.7%
-8.1%
MTEX
Higher net margin
MTEX
MTEX
6.8% more per $
MTEX
6.6%
-0.2%
RELL
More free cash flow
RELL
RELL
$291.0K more FCF
RELL
$-1.7M
$-2.0M
MTEX
Faster 2-yr revenue CAGR
RELL
RELL
Annualised
RELL
-0.3%
-5.4%
MTEX

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
MTEX
MTEX
RELL
RELL
Revenue
$29.2M
$52.3M
Net Profit
$1.9M
$-121.0K
Gross Margin
76.4%
30.7%
Operating Margin
6.9%
0.3%
Net Margin
6.6%
-0.2%
Revenue YoY
-8.1%
5.7%
Net Profit YoY
686.6%
83.9%
EPS (diluted)
$1.01

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
RELL
RELL
Q4 25
$52.3M
Q3 25
$29.2M
$54.6M
Q1 25
$26.6M
$53.8M
Q4 24
$29.0M
$49.5M
Q3 24
$31.7M
$53.7M
Q2 24
$27.7M
Q1 24
$29.4M
$52.4M
Q4 23
$32.7M
$44.1M
Net Profit
MTEX
MTEX
RELL
RELL
Q4 25
$-121.0K
Q3 25
$1.9M
$1.9M
Q1 25
$-1.5M
$-2.1M
Q4 24
$2.3M
$-751.0K
Q3 24
$-328.0K
$590.0K
Q2 24
$-624.0K
Q1 24
$1.2M
$750.0K
Q4 23
$-1.8M
$-1.8M
Gross Margin
MTEX
MTEX
RELL
RELL
Q4 25
30.7%
Q3 25
76.4%
31.0%
Q1 25
74.3%
31.0%
Q4 24
80.6%
31.0%
Q3 24
74.5%
30.6%
Q2 24
77.1%
Q1 24
78.6%
29.5%
Q4 23
75.4%
28.4%
Operating Margin
MTEX
MTEX
RELL
RELL
Q4 25
0.3%
Q3 25
6.9%
1.8%
Q1 25
-3.1%
-5.1%
Q4 24
3.0%
-1.3%
Q3 24
2.8%
0.6%
Q2 24
-4.1%
Q1 24
2.8%
1.9%
Q4 23
-2.7%
-4.6%
Net Margin
MTEX
MTEX
RELL
RELL
Q4 25
-0.2%
Q3 25
6.6%
3.5%
Q1 25
-5.8%
-3.8%
Q4 24
7.8%
-1.5%
Q3 24
-1.0%
1.1%
Q2 24
-2.2%
Q1 24
4.0%
1.4%
Q4 23
-5.4%
-4.1%
EPS (diluted)
MTEX
MTEX
RELL
RELL
Q4 25
Q3 25
$1.01
Q1 25
$-0.80
Q4 24
$1.19
Q3 24
$-0.17
Q2 24
$-0.33
Q1 24
$0.63
Q4 23
$-0.94

Balance Sheet & Financial Strength

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

Metric
MTEX
MTEX
RELL
RELL
Cash + ST InvestmentsLiquidity on hand
$7.1M
$33.1M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$7.0M
$158.5M
Total Assets
$33.9M
$201.8M
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTEX
MTEX
RELL
RELL
Q4 25
$33.1M
Q3 25
$7.1M
$35.7M
Q1 25
$9.3M
$36.7M
Q4 24
$11.4M
$26.6M
Q3 24
$12.2M
$23.0M
Q2 24
$9.2M
Q1 24
$7.9M
$18.9M
Q4 23
$7.7M
$22.8M
Total Debt
MTEX
MTEX
RELL
RELL
Q4 25
Q3 25
$2.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
MTEX
MTEX
RELL
RELL
Q4 25
$158.5M
Q3 25
$7.0M
$159.4M
Q1 25
$7.6M
$152.9M
Q4 24
$8.6M
$156.2M
Q3 24
$10.0M
$159.1M
Q2 24
$8.2M
Q1 24
$10.4M
$158.6M
Q4 23
$10.5M
$158.6M
Total Assets
MTEX
MTEX
RELL
RELL
Q4 25
$201.8M
Q3 25
$33.9M
$200.1M
Q1 25
$36.7M
$189.8M
Q4 24
$36.1M
$195.2M
Q3 24
$40.6M
$197.9M
Q2 24
$39.9M
Q1 24
$41.1M
$193.6M
Q4 23
$41.2M
$196.5M
Debt / Equity
MTEX
MTEX
RELL
RELL
Q4 25
Q3 25
0.42×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

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
RELL
RELL
Operating Cash FlowLast quarter
$-1.3M
$-99.0K
Free Cash FlowOCF − Capex
$-2.0M
$-1.7M
FCF MarginFCF / Revenue
-6.8%
-3.3%
Capex IntensityCapex / Revenue
2.4%
3.1%
Cash ConversionOCF / Net Profit
-0.68×
TTM Free Cash FlowTrailing 4 quarters
$-1.2M
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTEX
MTEX
RELL
RELL
Q4 25
$-99.0K
Q3 25
$-1.3M
$1.4M
Q1 25
$-1.4M
$4.6M
Q4 24
$-219.0K
$5.5M
Q3 24
$3.3M
$412.0K
Q2 24
$-2.7M
Q1 24
$1.9M
$-2.5M
Q4 23
$-1.3M
$800.0K
Free Cash Flow
MTEX
MTEX
RELL
RELL
Q4 25
$-1.7M
Q3 25
$-2.0M
$342.0K
Q1 25
$-1.9M
$4.1M
Q4 24
$-325.0K
$4.9M
Q3 24
$3.0M
$-514.0K
Q2 24
$-2.7M
Q1 24
$1.8M
$-2.9M
Q4 23
$-1.5M
$-715.0K
FCF Margin
MTEX
MTEX
RELL
RELL
Q4 25
-3.3%
Q3 25
-6.8%
0.6%
Q1 25
-7.0%
7.5%
Q4 24
-1.1%
10.0%
Q3 24
9.5%
-1.0%
Q2 24
-9.9%
Q1 24
6.2%
-5.6%
Q4 23
-4.7%
-1.6%
Capex Intensity
MTEX
MTEX
RELL
RELL
Q4 25
3.1%
Q3 25
2.4%
1.9%
Q1 25
1.8%
1.0%
Q4 24
0.4%
1.0%
Q3 24
0.8%
1.7%
Q2 24
0.3%
Q1 24
0.2%
0.8%
Q4 23
0.6%
3.4%
Cash Conversion
MTEX
MTEX
RELL
RELL
Q4 25
Q3 25
-0.68×
0.72×
Q1 25
Q4 24
-0.10×
Q3 24
0.70×
Q2 24
Q1 24
1.59×
-3.37×
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

MTEX
MTEX

Segment breakdown not available.

RELL
RELL

Power And Microwave Technologies Group$35.2M67%
Canvys$8.8M17%
Global Energy Solutions$8.3M16%

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