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Side-by-side financial comparison of MANNATECH INC (MTEX) and WASHINGTON TRUST BANCORP INC (WASH). Click either name above to swap in a different company.

WASHINGTON TRUST BANCORP INC is the larger business by last-quarter revenue ($57.8M vs $29.2M, roughly 2.0× MANNATECH INC). WASHINGTON TRUST BANCORP INC runs the higher net margin — 21.8% vs 6.6%, a 15.2% gap on every dollar of revenue. Over the past eight quarters, WASHINGTON TRUST BANCORP INC's revenue compounded faster (9.5% 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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

MTEX vs WASH — Head-to-Head

Bigger by revenue
WASH
WASH
2.0× larger
WASH
$57.8M
$29.2M
MTEX
Higher net margin
WASH
WASH
15.2% more per $
WASH
21.8%
6.6%
MTEX
Faster 2-yr revenue CAGR
WASH
WASH
Annualised
WASH
9.5%
-5.4%
MTEX

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
MTEX
MTEX
WASH
WASH
Revenue
$29.2M
$57.8M
Net Profit
$1.9M
$12.6M
Gross Margin
76.4%
Operating Margin
6.9%
Net Margin
6.6%
21.8%
Revenue YoY
-8.1%
Net Profit YoY
686.6%
3.5%
EPS (diluted)
$1.01
$0.66

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
WASH
WASH
Q1 26
$57.8M
Q4 25
$59.3M
Q3 25
$29.2M
$56.5M
Q2 25
$54.3M
Q1 25
$26.6M
$59.1M
Q4 24
$29.0M
$12.4M
Q3 24
$31.7M
$48.5M
Q2 24
$27.7M
$48.2M
Net Profit
MTEX
MTEX
WASH
WASH
Q1 26
$12.6M
Q4 25
$16.0M
Q3 25
$1.9M
$10.8M
Q2 25
$13.2M
Q1 25
$-1.5M
$12.2M
Q4 24
$2.3M
$-60.8M
Q3 24
$-328.0K
$11.0M
Q2 24
$-624.0K
$10.8M
Gross Margin
MTEX
MTEX
WASH
WASH
Q1 26
Q4 25
Q3 25
76.4%
Q2 25
Q1 25
74.3%
Q4 24
80.6%
Q3 24
74.5%
Q2 24
77.1%
Operating Margin
MTEX
MTEX
WASH
WASH
Q1 26
Q4 25
34.9%
Q3 25
6.9%
24.7%
Q2 25
31.6%
Q1 25
-3.1%
26.5%
Q4 24
3.0%
-648.7%
Q3 24
2.8%
28.5%
Q2 24
-4.1%
28.7%
Net Margin
MTEX
MTEX
WASH
WASH
Q1 26
21.8%
Q4 25
27.0%
Q3 25
6.6%
19.2%
Q2 25
24.4%
Q1 25
-5.8%
20.6%
Q4 24
7.8%
-491.4%
Q3 24
-1.0%
22.6%
Q2 24
-2.2%
22.4%
EPS (diluted)
MTEX
MTEX
WASH
WASH
Q1 26
$0.66
Q4 25
$0.84
Q3 25
$1.01
$0.56
Q2 25
$0.68
Q1 25
$-0.80
$0.63
Q4 24
$1.19
$-3.54
Q3 24
$-0.17
$0.64
Q2 24
$-0.33
$0.63

Balance Sheet & Financial Strength

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

Metric
MTEX
MTEX
WASH
WASH
Cash + ST InvestmentsLiquidity on hand
$7.1M
$12.3M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$7.0M
$546.8M
Total Assets
$33.9M
$6.5B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTEX
MTEX
WASH
WASH
Q1 26
$12.3M
Q4 25
Q3 25
$7.1M
Q2 25
Q1 25
$9.3M
Q4 24
$11.4M
Q3 24
$12.2M
Q2 24
$9.2M
Total Debt
MTEX
MTEX
WASH
WASH
Q1 26
Q4 25
Q3 25
$2.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
MTEX
MTEX
WASH
WASH
Q1 26
$546.8M
Q4 25
$543.6M
Q3 25
$7.0M
$533.0M
Q2 25
$527.5M
Q1 25
$7.6M
$521.7M
Q4 24
$8.6M
$499.7M
Q3 24
$10.0M
$502.2M
Q2 24
$8.2M
$471.0M
Total Assets
MTEX
MTEX
WASH
WASH
Q1 26
$6.5B
Q4 25
$6.6B
Q3 25
$33.9M
$6.7B
Q2 25
$6.7B
Q1 25
$36.7M
$6.6B
Q4 24
$36.1M
$6.9B
Q3 24
$40.6M
$7.1B
Q2 24
$39.9M
$7.2B
Debt / Equity
MTEX
MTEX
WASH
WASH
Q1 26
Q4 25
Q3 25
0.42×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 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
WASH
WASH
Operating Cash FlowLast quarter
$-1.3M
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-6.8%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
-0.68×
TTM Free Cash FlowTrailing 4 quarters
$-1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTEX
MTEX
WASH
WASH
Q1 26
Q4 25
$80.3M
Q3 25
$-1.3M
$39.6M
Q2 25
$11.3M
Q1 25
$-1.4M
$8.4M
Q4 24
$-219.0K
$57.7M
Q3 24
$3.3M
$25.7M
Q2 24
$-2.7M
$11.2M
Free Cash Flow
MTEX
MTEX
WASH
WASH
Q1 26
Q4 25
$78.3M
Q3 25
$-2.0M
$39.3M
Q2 25
$10.9M
Q1 25
$-1.9M
$8.4M
Q4 24
$-325.0K
$53.7M
Q3 24
$3.0M
$24.4M
Q2 24
$-2.7M
$9.6M
FCF Margin
MTEX
MTEX
WASH
WASH
Q1 26
Q4 25
132.2%
Q3 25
-6.8%
69.6%
Q2 25
20.2%
Q1 25
-7.0%
14.2%
Q4 24
-1.1%
433.8%
Q3 24
9.5%
50.4%
Q2 24
-9.9%
19.8%
Capex Intensity
MTEX
MTEX
WASH
WASH
Q1 26
Q4 25
3.4%
Q3 25
2.4%
0.6%
Q2 25
0.7%
Q1 25
1.8%
0.1%
Q4 24
0.4%
32.3%
Q3 24
0.8%
2.6%
Q2 24
0.3%
3.4%
Cash Conversion
MTEX
MTEX
WASH
WASH
Q1 26
Q4 25
5.03×
Q3 25
-0.68×
3.65×
Q2 25
0.86×
Q1 25
0.69×
Q4 24
-0.10×
Q3 24
2.34×
Q2 24
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MTEX
MTEX

Segment breakdown not available.

WASH
WASH

Net Interest Income$40.5M70%
Noninterest Income$17.3M30%

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