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Side-by-side financial comparison of NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) and SILICOM LTD. (SILC). Click either name above to swap in a different company.

SILICOM LTD. is the larger business by last-quarter revenue ($61.9M vs $34.8M, roughly 1.8× NATURAL ALTERNATIVES INTERNATIONAL INC). NATURAL ALTERNATIVES INTERNATIONAL INC runs the higher net margin — -7.3% vs -18.5%, a 11.2% gap on every dollar of revenue. On growth, SILICOM LTD. posted the faster year-over-year revenue change (6.6% vs 2.1%). SILICOM LTD. produced more free cash flow last quarter ($-3.3M vs $-7.3M).

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.

Silicom Ltd. is a publicly traded company, headquartered in Israel, that specializes in the design, manufacture and marketing of connectivity solutions for a range of servers and server-based systems. Its shares are listed on the NASDAQ Global Market and on the Tel Aviv Stock Exchange. Silicom is a member of the RAD Group family of companies.

NAII vs SILC — Head-to-Head

Bigger by revenue
SILC
SILC
1.8× larger
SILC
$61.9M
$34.8M
NAII
Growing faster (revenue YoY)
SILC
SILC
+4.5% gap
SILC
6.6%
2.1%
NAII
Higher net margin
NAII
NAII
11.2% more per $
NAII
-7.3%
-18.5%
SILC
More free cash flow
SILC
SILC
$3.9M more FCF
SILC
$-3.3M
$-7.3M
NAII

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
NAII
NAII
SILC
SILC
Revenue
$34.8M
$61.9M
Net Profit
$-2.6M
$-11.5M
Gross Margin
7.2%
30.6%
Operating Margin
-5.3%
-19.8%
Net Margin
-7.3%
-18.5%
Revenue YoY
2.1%
6.6%
Net Profit YoY
-16.5%
16.3%
EPS (diluted)
$-0.42
$-2.01

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
NAII
NAII
SILC
SILC
Q4 25
$34.8M
$61.9M
Q3 25
$37.7M
Q2 25
$33.9M
Q1 25
$28.8M
Q4 24
$34.1M
$58.1M
Q3 24
$33.1M
Q2 24
$29.5M
Q1 24
$25.1M
Net Profit
NAII
NAII
SILC
SILC
Q4 25
$-2.6M
$-11.5M
Q3 25
$-291.0K
Q2 25
$-7.2M
Q1 25
$-2.2M
Q4 24
$-2.2M
$-13.7M
Q3 24
$-2.0M
Q2 24
$-1.9M
Q1 24
$-1.6M
Gross Margin
NAII
NAII
SILC
SILC
Q4 25
7.2%
30.6%
Q3 25
11.7%
Q2 25
10.4%
Q1 25
6.3%
Q4 24
4.9%
28.6%
Q3 24
6.8%
Q2 24
4.8%
Q1 24
7.6%
Operating Margin
NAII
NAII
SILC
SILC
Q4 25
-5.3%
-19.8%
Q3 25
0.8%
Q2 25
-5.7%
Q1 25
-7.3%
Q4 24
-8.2%
-22.8%
Q3 24
-5.5%
Q2 24
-8.6%
Q1 24
-7.8%
Net Margin
NAII
NAII
SILC
SILC
Q4 25
-7.3%
-18.5%
Q3 25
-0.8%
Q2 25
-21.3%
Q1 25
-7.6%
Q4 24
-6.4%
-23.6%
Q3 24
-6.0%
Q2 24
-6.4%
Q1 24
-6.3%
EPS (diluted)
NAII
NAII
SILC
SILC
Q4 25
$-0.42
$-2.01
Q3 25
$-0.05
Q2 25
$-1.21
Q1 25
$-0.37
Q4 24
$-0.37
$-2.28
Q3 24
$-0.33
Q2 24
$-0.32
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
SILC
SILC
Cash + ST InvestmentsLiquidity on hand
$3.8M
$42.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$67.0M
$117.5M
Total Assets
$153.3M
$152.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAII
NAII
SILC
SILC
Q4 25
$3.8M
$42.1M
Q3 25
$7.7M
Q2 25
$12.3M
Q1 25
$10.6M
Q4 24
$8.7M
$72.1M
Q3 24
$10.2M
Q2 24
$12.0M
Q1 24
$12.4M
Stockholders' Equity
NAII
NAII
SILC
SILC
Q4 25
$67.0M
$117.5M
Q3 25
$69.0M
Q2 25
$68.4M
Q1 25
$76.6M
Q4 24
$79.1M
$127.8M
Q3 24
$80.2M
Q2 24
$82.6M
Q1 24
$84.1M
Total Assets
NAII
NAII
SILC
SILC
Q4 25
$153.3M
$152.2M
Q3 25
$156.9M
Q2 25
$151.9M
Q1 25
$154.9M
Q4 24
$156.1M
$150.4M
Q3 24
$161.3M
Q2 24
$162.3M
Q1 24
$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
NAII
NAII
SILC
SILC
Operating Cash FlowLast quarter
$-6.3M
$-2.2M
Free Cash FlowOCF − Capex
$-7.3M
$-3.3M
FCF MarginFCF / Revenue
-20.9%
-5.4%
Capex IntensityCapex / Revenue
2.7%
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-5.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAII
NAII
SILC
SILC
Q4 25
$-6.3M
$-2.2M
Q3 25
$-4.0M
Q2 25
$3.3M
Q1 25
$6.0M
Q4 24
$37.0K
$18.3M
Q3 24
$-3.4M
Q2 24
$-2.7M
Q1 24
$-3.6M
Free Cash Flow
NAII
NAII
SILC
SILC
Q4 25
$-7.3M
$-3.3M
Q3 25
$-5.1M
Q2 25
$1.9M
Q1 25
$5.2M
Q4 24
$-1.0M
$17.4M
Q3 24
$-3.7M
Q2 24
$-3.8M
Q1 24
$-3.9M
FCF Margin
NAII
NAII
SILC
SILC
Q4 25
-20.9%
-5.4%
Q3 25
-13.4%
Q2 25
5.6%
Q1 25
18.0%
Q4 24
-3.0%
29.9%
Q3 24
-11.3%
Q2 24
-12.7%
Q1 24
-15.5%
Capex Intensity
NAII
NAII
SILC
SILC
Q4 25
2.7%
1.9%
Q3 25
2.7%
Q2 25
4.3%
Q1 25
2.8%
Q4 24
3.1%
1.6%
Q3 24
0.9%
Q2 24
3.5%
Q1 24
1.1%

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%

SILC
SILC

Segment breakdown not available.

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