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Side-by-side financial comparison of NATURES SUNSHINE PRODUCTS INC (NATR) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $123.8M, roughly 1.0× NATURES SUNSHINE PRODUCTS INC). NATURES SUNSHINE PRODUCTS INC runs the higher net margin — 3.3% vs 1.5%, a 1.8% gap on every dollar of revenue. On growth, NATURES SUNSHINE PRODUCTS INC posted the faster year-over-year revenue change (4.7% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $7.6M). Over the past eight quarters, NATURES SUNSHINE PRODUCTS INC's revenue compounded faster (5.6% CAGR vs -4.8%).

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.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

NATR vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.0× larger
SWBI
$124.7M
$123.8M
NATR
Growing faster (revenue YoY)
NATR
NATR
+8.6% gap
NATR
4.7%
-3.9%
SWBI
Higher net margin
NATR
NATR
1.8% more per $
NATR
3.3%
1.5%
SWBI
More free cash flow
SWBI
SWBI
$8.7M more FCF
SWBI
$16.3M
$7.6M
NATR
Faster 2-yr revenue CAGR
NATR
NATR
Annualised
NATR
5.6%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
NATR
NATR
SWBI
SWBI
Revenue
$123.8M
$124.7M
Net Profit
$4.1M
$1.9M
Gross Margin
72.5%
24.3%
Operating Margin
4.3%
3.3%
Net Margin
3.3%
1.5%
Revenue YoY
4.7%
-3.9%
Net Profit YoY
1379.4%
-53.6%
EPS (diluted)
$0.23
$0.04

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
SWBI
SWBI
Q4 25
$123.8M
$124.7M
Q3 25
$128.3M
$85.1M
Q2 25
$114.8M
$140.8M
Q1 25
$113.2M
$115.9M
Q4 24
$118.2M
$129.7M
Q3 24
$114.6M
$88.3M
Q2 24
$110.6M
$159.1M
Q1 24
$111.0M
$137.5M
Net Profit
NATR
NATR
SWBI
SWBI
Q4 25
$4.1M
$1.9M
Q3 25
$5.3M
$-3.4M
Q2 25
$5.3M
$8.6M
Q1 25
$4.7M
$2.1M
Q4 24
$-321.0K
$4.5M
Q3 24
$4.3M
$-1.9M
Q2 24
$1.3M
$27.9M
Q1 24
$2.3M
$7.9M
Gross Margin
NATR
NATR
SWBI
SWBI
Q4 25
72.5%
24.3%
Q3 25
73.3%
25.9%
Q2 25
71.7%
28.8%
Q1 25
72.1%
24.1%
Q4 24
72.0%
26.6%
Q3 24
71.3%
27.4%
Q2 24
71.4%
35.5%
Q1 24
71.2%
28.7%
Operating Margin
NATR
NATR
SWBI
SWBI
Q4 25
4.3%
3.3%
Q3 25
7.0%
-3.5%
Q2 25
3.7%
9.3%
Q1 25
5.4%
4.1%
Q4 24
3.8%
5.8%
Q3 24
4.6%
-1.7%
Q2 24
5.1%
17.4%
Q1 24
4.2%
8.2%
Net Margin
NATR
NATR
SWBI
SWBI
Q4 25
3.3%
1.5%
Q3 25
4.2%
-4.0%
Q2 25
4.6%
6.1%
Q1 25
4.2%
1.8%
Q4 24
-0.3%
3.5%
Q3 24
3.8%
-2.1%
Q2 24
1.2%
17.5%
Q1 24
2.1%
5.7%
EPS (diluted)
NATR
NATR
SWBI
SWBI
Q4 25
$0.23
$0.04
Q3 25
$0.30
$-0.08
Q2 25
$0.28
$0.19
Q1 25
$0.25
$0.05
Q4 24
$-0.02
$0.10
Q3 24
$0.23
$-0.04
Q2 24
$0.07
$0.60
Q1 24
$0.12
$0.17

Balance Sheet & Financial Strength

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

Metric
NATR
NATR
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$93.9M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$161.6M
$363.2M
Total Assets
$261.1M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NATR
NATR
SWBI
SWBI
Q4 25
$93.9M
$22.4M
Q3 25
$95.6M
$18.0M
Q2 25
$81.3M
$25.2M
Q1 25
$86.5M
$26.7M
Q4 24
$84.7M
$39.1M
Q3 24
$78.7M
$35.5M
Q2 24
$68.7M
$60.8M
Q1 24
$77.8M
$47.4M
Total Debt
NATR
NATR
SWBI
SWBI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$2.1M
Stockholders' Equity
NATR
NATR
SWBI
SWBI
Q4 25
$161.6M
$363.2M
Q3 25
$166.7M
$364.4M
Q2 25
$163.7M
$372.5M
Q1 25
$167.1M
$366.9M
Q4 24
$161.0M
$371.5M
Q3 24
$162.6M
$380.0M
Q2 24
$156.4M
$399.9M
Q1 24
$159.7M
$376.4M
Total Assets
NATR
NATR
SWBI
SWBI
Q4 25
$261.1M
$548.6M
Q3 25
$264.8M
$554.6M
Q2 25
$254.9M
$559.6M
Q1 25
$252.7M
$578.9M
Q4 24
$240.9M
$587.4M
Q3 24
$245.3M
$571.3M
Q2 24
$235.8M
$577.4M
Q1 24
$247.3M
$570.6M
Debt / Equity
NATR
NATR
SWBI
SWBI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.01×

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
SWBI
SWBI
Operating Cash FlowLast quarter
$9.9M
$27.3M
Free Cash FlowOCF − Capex
$7.6M
$16.3M
FCF MarginFCF / Revenue
6.1%
13.1%
Capex IntensityCapex / Revenue
1.9%
8.8%
Cash ConversionOCF / Net Profit
2.41×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$28.8M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NATR
NATR
SWBI
SWBI
Q4 25
$9.9M
$27.3M
Q3 25
$18.5M
$-8.1M
Q2 25
$4.3M
$40.8M
Q1 25
$2.6M
$-9.8M
Q4 24
$12.2M
$-7.4M
Q3 24
$9.6M
$-30.8M
Q2 24
$1.3M
$43.7M
Q1 24
$2.2M
$25.2M
Free Cash Flow
NATR
NATR
SWBI
SWBI
Q4 25
$7.6M
$16.3M
Q3 25
$16.8M
$-12.4M
Q2 25
$3.0M
$33.5M
Q1 25
$1.5M
$-16.1M
Q4 24
$10.0M
$-10.7M
Q3 24
$7.9M
$-35.5M
Q2 24
$-2.0M
$38.2M
Q1 24
$-1.5M
$7.0M
FCF Margin
NATR
NATR
SWBI
SWBI
Q4 25
6.1%
13.1%
Q3 25
13.1%
-14.6%
Q2 25
2.6%
23.8%
Q1 25
1.3%
-13.9%
Q4 24
8.5%
-8.3%
Q3 24
6.9%
-40.2%
Q2 24
-1.9%
24.0%
Q1 24
-1.4%
5.1%
Capex Intensity
NATR
NATR
SWBI
SWBI
Q4 25
1.9%
8.8%
Q3 25
1.3%
5.0%
Q2 25
1.2%
5.2%
Q1 25
1.0%
5.4%
Q4 24
1.9%
2.5%
Q3 24
1.5%
5.3%
Q2 24
3.0%
3.5%
Q1 24
3.3%
13.2%
Cash Conversion
NATR
NATR
SWBI
SWBI
Q4 25
2.41×
14.22×
Q3 25
3.46×
Q2 25
0.81×
4.73×
Q1 25
0.55×
-4.68×
Q4 24
-1.63×
Q3 24
2.21×
Q2 24
0.97×
1.57×
Q1 24
0.94×
3.20×

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%

SWBI
SWBI

Segment breakdown not available.

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