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Side-by-side financial comparison of NATURES SUNSHINE PRODUCTS INC (NATR) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

NATURES SUNSHINE PRODUCTS INC is the larger business by last-quarter revenue ($123.8M vs $71.1M, roughly 1.7× RE/MAX Holdings, Inc.). NATURES SUNSHINE PRODUCTS INC runs the higher net margin — 3.3% vs 2.0%, a 1.3% gap on every dollar of revenue. On growth, NATURES SUNSHINE PRODUCTS INC posted the faster year-over-year revenue change (4.7% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $7.6M). Over the past eight quarters, NATURES SUNSHINE PRODUCTS INC's revenue compounded faster (5.6% CAGR vs -4.7%).

Nature's Sunshine Products, Inc. also known as "NSP", is a manufacturer of dietary supplements, including herbs, vitamins, minerals, and personal care products. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

NATR vs RMAX — Head-to-Head

Bigger by revenue
NATR
NATR
1.7× larger
NATR
$123.8M
$71.1M
RMAX
Growing faster (revenue YoY)
NATR
NATR
+6.6% gap
NATR
4.7%
-1.8%
RMAX
Higher net margin
NATR
NATR
1.3% more per $
NATR
3.3%
2.0%
RMAX
More free cash flow
RMAX
RMAX
$25.9M more FCF
RMAX
$33.5M
$7.6M
NATR
Faster 2-yr revenue CAGR
NATR
NATR
Annualised
NATR
5.6%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NATR
NATR
RMAX
RMAX
Revenue
$123.8M
$71.1M
Net Profit
$4.1M
$1.4M
Gross Margin
72.5%
Operating Margin
4.3%
13.1%
Net Margin
3.3%
2.0%
Revenue YoY
4.7%
-1.8%
Net Profit YoY
1379.4%
-75.2%
EPS (diluted)
$0.23

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
NATR
NATR
RMAX
RMAX
Q4 25
$123.8M
$71.1M
Q3 25
$128.3M
$73.2M
Q2 25
$114.8M
$72.8M
Q1 25
$113.2M
$74.5M
Q4 24
$118.2M
$72.5M
Q3 24
$114.6M
$78.5M
Q2 24
$110.6M
$78.5M
Q1 24
$111.0M
$78.3M
Net Profit
NATR
NATR
RMAX
RMAX
Q4 25
$4.1M
$1.4M
Q3 25
$5.3M
$4.0M
Q2 25
$5.3M
$4.7M
Q1 25
$4.7M
$-2.0M
Q4 24
$-321.0K
$5.8M
Q3 24
$4.3M
$966.0K
Q2 24
$1.3M
$3.7M
Q1 24
$2.3M
$-3.4M
Gross Margin
NATR
NATR
RMAX
RMAX
Q4 25
72.5%
Q3 25
73.3%
Q2 25
71.7%
Q1 25
72.1%
Q4 24
72.0%
Q3 24
71.3%
Q2 24
71.4%
Q1 24
71.2%
Operating Margin
NATR
NATR
RMAX
RMAX
Q4 25
4.3%
13.1%
Q3 25
7.0%
25.0%
Q2 25
3.7%
19.3%
Q1 25
5.4%
7.2%
Q4 24
3.8%
5.9%
Q3 24
4.6%
19.4%
Q2 24
5.1%
20.6%
Q1 24
4.2%
5.8%
Net Margin
NATR
NATR
RMAX
RMAX
Q4 25
3.3%
2.0%
Q3 25
4.2%
5.4%
Q2 25
4.6%
6.4%
Q1 25
4.2%
-2.6%
Q4 24
-0.3%
8.0%
Q3 24
3.8%
1.2%
Q2 24
1.2%
4.7%
Q1 24
2.1%
-4.3%
EPS (diluted)
NATR
NATR
RMAX
RMAX
Q4 25
$0.23
Q3 25
$0.30
Q2 25
$0.28
Q1 25
$0.25
Q4 24
$-0.02
Q3 24
$0.23
Q2 24
$0.07
Q1 24
$0.12

Balance Sheet & Financial Strength

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

Metric
NATR
NATR
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$93.9M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$161.6M
$452.4M
Total Assets
$261.1M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NATR
NATR
RMAX
RMAX
Q4 25
$93.9M
$118.7M
Q3 25
$95.6M
$107.5M
Q2 25
$81.3M
$94.3M
Q1 25
$86.5M
$89.1M
Q4 24
$84.7M
$96.6M
Q3 24
$78.7M
$83.8M
Q2 24
$68.7M
$66.1M
Q1 24
$77.8M
$82.1M
Total Debt
NATR
NATR
RMAX
RMAX
Q4 25
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$2.1M
$439.0M
Stockholders' Equity
NATR
NATR
RMAX
RMAX
Q4 25
$161.6M
$452.4M
Q3 25
$166.7M
$448.1M
Q2 25
$163.7M
$442.4M
Q1 25
$167.1M
$433.5M
Q4 24
$161.0M
$429.5M
Q3 24
$162.6M
$423.1M
Q2 24
$156.4M
$418.4M
Q1 24
$159.7M
$412.0M
Total Assets
NATR
NATR
RMAX
RMAX
Q4 25
$261.1M
$582.5M
Q3 25
$264.8M
$582.2M
Q2 25
$254.9M
$574.8M
Q1 25
$252.7M
$571.4M
Q4 24
$240.9M
$581.6M
Q3 24
$245.3M
$578.6M
Q2 24
$235.8M
$571.4M
Q1 24
$247.3M
$566.7M
Debt / Equity
NATR
NATR
RMAX
RMAX
Q4 25
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
0.01×
1.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NATR
NATR
RMAX
RMAX
Operating Cash FlowLast quarter
$9.9M
$40.9M
Free Cash FlowOCF − Capex
$7.6M
$33.5M
FCF MarginFCF / Revenue
6.1%
47.1%
Capex IntensityCapex / Revenue
1.9%
10.4%
Cash ConversionOCF / Net Profit
2.41×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$28.8M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NATR
NATR
RMAX
RMAX
Q4 25
$9.9M
$40.9M
Q3 25
$18.5M
$17.7M
Q2 25
$4.3M
$4.6M
Q1 25
$2.6M
$5.7M
Q4 24
$12.2M
$59.7M
Q3 24
$9.6M
$17.6M
Q2 24
$1.3M
$15.9M
Q1 24
$2.2M
$9.4M
Free Cash Flow
NATR
NATR
RMAX
RMAX
Q4 25
$7.6M
$33.5M
Q3 25
$16.8M
$16.4M
Q2 25
$3.0M
$2.9M
Q1 25
$1.5M
$4.0M
Q4 24
$10.0M
$53.0M
Q3 24
$7.9M
$16.3M
Q2 24
$-2.0M
$14.0M
Q1 24
$-1.5M
$6.8M
FCF Margin
NATR
NATR
RMAX
RMAX
Q4 25
6.1%
47.1%
Q3 25
13.1%
22.4%
Q2 25
2.6%
4.0%
Q1 25
1.3%
5.3%
Q4 24
8.5%
73.2%
Q3 24
6.9%
20.8%
Q2 24
-1.9%
17.8%
Q1 24
-1.4%
8.6%
Capex Intensity
NATR
NATR
RMAX
RMAX
Q4 25
1.9%
10.4%
Q3 25
1.3%
1.8%
Q2 25
1.2%
2.2%
Q1 25
1.0%
2.3%
Q4 24
1.9%
9.1%
Q3 24
1.5%
1.7%
Q2 24
3.0%
2.4%
Q1 24
3.3%
3.3%
Cash Conversion
NATR
NATR
RMAX
RMAX
Q4 25
2.41×
28.39×
Q3 25
3.46×
4.45×
Q2 25
0.81×
0.97×
Q1 25
0.55×
Q4 24
10.28×
Q3 24
2.21×
18.22×
Q2 24
0.97×
4.29×
Q1 24
0.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NATR
NATR

Other$68.1M55%
General Health Products$20.2M16%
Digestive Products$13.8M11%
Cardiovascular Products$12.1M10%
Personal Care Products$4.4M4%
Immunity Products$3.1M3%
Weight Management Products$2.1M2%

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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