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Side-by-side financial comparison of NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) and Performance Shipping Inc. (PSHG). Click either name above to swap in a different company.

Performance Shipping Inc. is the larger business by last-quarter revenue ($39.5M vs $34.8M, roughly 1.1× NATURAL ALTERNATIVES INTERNATIONAL INC). Performance Shipping Inc. runs the higher net margin — 97.5% vs -7.3%, a 104.9% gap on every dollar of revenue. On growth, NATURAL ALTERNATIVES INTERNATIONAL INC posted the faster year-over-year revenue change (2.1% vs -7.9%).

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.

Azerbaijan Caspian Shipping Closed Joint-Stock Company is a state-owned Azerbaijani shipping company. It is also known by its Russian-derived abbreviation CASPAR.

NAII vs PSHG — Head-to-Head

Bigger by revenue
PSHG
PSHG
1.1× larger
PSHG
$39.5M
$34.8M
NAII
Growing faster (revenue YoY)
NAII
NAII
+10.0% gap
NAII
2.1%
-7.9%
PSHG
Higher net margin
PSHG
PSHG
104.9% more per $
PSHG
97.5%
-7.3%
NAII

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
NAII
NAII
PSHG
PSHG
Revenue
$34.8M
$39.5M
Net Profit
$-2.6M
$38.5M
Gross Margin
7.2%
Operating Margin
-5.3%
93.3%
Net Margin
-7.3%
97.5%
Revenue YoY
2.1%
-7.9%
Net Profit YoY
-16.5%
78.1%
EPS (diluted)
$-0.42
$1.00

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
NAII
NAII
PSHG
PSHG
Q4 25
$34.8M
Q3 25
$37.7M
Q2 25
$33.9M
$39.5M
Q1 25
$28.8M
Q4 24
$34.1M
Q3 24
$33.1M
Q2 24
$29.5M
$42.9M
Q1 24
$25.1M
Net Profit
NAII
NAII
PSHG
PSHG
Q4 25
$-2.6M
Q3 25
$-291.0K
Q2 25
$-7.2M
$38.5M
Q1 25
$-2.2M
Q4 24
$-2.2M
Q3 24
$-2.0M
Q2 24
$-1.9M
$21.6M
Q1 24
$-1.6M
Gross Margin
NAII
NAII
PSHG
PSHG
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
NAII
NAII
PSHG
PSHG
Q4 25
-5.3%
Q3 25
0.8%
Q2 25
-5.7%
93.3%
Q1 25
-7.3%
Q4 24
-8.2%
Q3 24
-5.5%
Q2 24
-8.6%
49.1%
Q1 24
-7.8%
Net Margin
NAII
NAII
PSHG
PSHG
Q4 25
-7.3%
Q3 25
-0.8%
Q2 25
-21.3%
97.5%
Q1 25
-7.6%
Q4 24
-6.4%
Q3 24
-6.0%
Q2 24
-6.4%
50.4%
Q1 24
-6.3%
EPS (diluted)
NAII
NAII
PSHG
PSHG
Q4 25
$-0.42
Q3 25
$-0.05
Q2 25
$-1.21
$1.00
Q1 25
$-0.37
Q4 24
$-0.37
Q3 24
$-0.33
Q2 24
$-0.32
$0.55
Q1 24
$-0.27

Balance Sheet & Financial Strength

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

Metric
NAII
NAII
PSHG
PSHG
Cash + ST InvestmentsLiquidity on hand
$3.8M
$95.8M
Total DebtLower is stronger
$43.7M
Stockholders' EquityBook value
$67.0M
$312.8M
Total Assets
$153.3M
$363.8M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAII
NAII
PSHG
PSHG
Q4 25
$3.8M
Q3 25
$7.7M
Q2 25
$12.3M
$95.8M
Q1 25
$10.6M
Q4 24
$8.7M
Q3 24
$10.2M
Q2 24
$12.0M
$61.7M
Q1 24
$12.4M
Total Debt
NAII
NAII
PSHG
PSHG
Q4 25
Q3 25
Q2 25
$43.7M
Q1 25
Q4 24
Q3 24
Q2 24
$51.2M
Q1 24
Stockholders' Equity
NAII
NAII
PSHG
PSHG
Q4 25
$67.0M
Q3 25
$69.0M
Q2 25
$68.4M
$312.8M
Q1 25
$76.6M
Q4 24
$79.1M
Q3 24
$80.2M
Q2 24
$82.6M
$254.0M
Q1 24
$84.1M
Total Assets
NAII
NAII
PSHG
PSHG
Q4 25
$153.3M
Q3 25
$156.9M
Q2 25
$151.9M
$363.8M
Q1 25
$154.9M
Q4 24
$156.1M
Q3 24
$161.3M
Q2 24
$162.3M
$310.5M
Q1 24
$153.2M
Debt / Equity
NAII
NAII
PSHG
PSHG
Q4 25
Q3 25
Q2 25
0.14×
Q1 25
Q4 24
Q3 24
Q2 24
0.20×
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
NAII
NAII
PSHG
PSHG
Operating Cash FlowLast quarter
$-6.3M
$26.8M
Free Cash FlowOCF − Capex
$-7.3M
FCF MarginFCF / Revenue
-20.9%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters
$-5.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAII
NAII
PSHG
PSHG
Q4 25
$-6.3M
Q3 25
$-4.0M
Q2 25
$3.3M
$26.8M
Q1 25
$6.0M
Q4 24
$37.0K
Q3 24
$-3.4M
Q2 24
$-2.7M
$31.7M
Q1 24
$-3.6M
Free Cash Flow
NAII
NAII
PSHG
PSHG
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
NAII
NAII
PSHG
PSHG
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
NAII
NAII
PSHG
PSHG
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%
0.0%
Q1 24
1.1%
Cash Conversion
NAII
NAII
PSHG
PSHG
Q4 25
Q3 25
Q2 25
0.70×
Q1 25
Q4 24
Q3 24
Q2 24
1.47×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NAII
NAII

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

PSHG
PSHG

Segment breakdown not available.

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