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Side-by-side financial comparison of NATURES SUNSHINE PRODUCTS INC (NATR) and Latham Group, Inc. (SWIM). 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 $100.0M, roughly 1.2× Latham Group, Inc.). NATURES SUNSHINE PRODUCTS INC runs the higher net margin — 3.3% vs -7.0%, a 10.3% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 4.7%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $7.6M). Over the past eight quarters, NATURES SUNSHINE PRODUCTS INC's revenue compounded faster (5.6% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
NATR vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $123.8M | $100.0M |
| Net Profit | $4.1M | $-7.0M |
| Gross Margin | 72.5% | 28.0% |
| Operating Margin | 4.3% | -10.7% |
| Net Margin | 3.3% | -7.0% |
| Revenue YoY | 4.7% | 14.5% |
| Net Profit YoY | 1379.4% | 76.0% |
| EPS (diluted) | $0.23 | $-0.06 |
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.
| Q4 25 | $123.8M | $100.0M | ||
| Q3 25 | $128.3M | $161.9M | ||
| Q2 25 | $114.8M | $172.6M | ||
| Q1 25 | $113.2M | $111.4M | ||
| Q4 24 | $118.2M | $87.3M | ||
| Q3 24 | $114.6M | $150.5M | ||
| Q2 24 | $110.6M | $160.1M | ||
| Q1 24 | $111.0M | $110.6M |
| Q4 25 | $4.1M | $-7.0M | ||
| Q3 25 | $5.3M | $8.1M | ||
| Q2 25 | $5.3M | $16.0M | ||
| Q1 25 | $4.7M | $-6.0M | ||
| Q4 24 | $-321.0K | $-29.2M | ||
| Q3 24 | $4.3M | $5.9M | ||
| Q2 24 | $1.3M | $13.3M | ||
| Q1 24 | $2.3M | $-7.9M |
| Q4 25 | 72.5% | 28.0% | ||
| Q3 25 | 73.3% | 35.4% | ||
| Q2 25 | 71.7% | 37.1% | ||
| Q1 25 | 72.1% | 29.5% | ||
| Q4 24 | 72.0% | 24.6% | ||
| Q3 24 | 71.3% | 32.4% | ||
| Q2 24 | 71.4% | 33.1% | ||
| Q1 24 | 71.2% | 27.7% |
| Q4 25 | 4.3% | -10.7% | ||
| Q3 25 | 7.0% | 13.3% | ||
| Q2 25 | 3.7% | 14.3% | ||
| Q1 25 | 5.4% | -4.4% | ||
| Q4 24 | 3.8% | -14.9% | ||
| Q3 24 | 4.6% | 8.9% | ||
| Q2 24 | 5.1% | 12.5% | ||
| Q1 24 | 4.2% | -1.9% |
| Q4 25 | 3.3% | -7.0% | ||
| Q3 25 | 4.2% | 5.0% | ||
| Q2 25 | 4.6% | 9.3% | ||
| Q1 25 | 4.2% | -5.4% | ||
| Q4 24 | -0.3% | -33.4% | ||
| Q3 24 | 3.8% | 3.9% | ||
| Q2 24 | 1.2% | 8.3% | ||
| Q1 24 | 2.1% | -7.1% |
| Q4 25 | $0.23 | $-0.06 | ||
| Q3 25 | $0.30 | $0.07 | ||
| Q2 25 | $0.28 | $0.13 | ||
| Q1 25 | $0.25 | $-0.05 | ||
| Q4 24 | $-0.02 | $-0.24 | ||
| Q3 24 | $0.23 | $0.05 | ||
| Q2 24 | $0.07 | $0.11 | ||
| Q1 24 | $0.12 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $93.9M | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $161.6M | $405.9M |
| Total Assets | $261.1M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.9M | — | ||
| Q3 25 | $95.6M | — | ||
| Q2 25 | $81.3M | — | ||
| Q1 25 | $86.5M | — | ||
| Q4 24 | $84.7M | — | ||
| Q3 24 | $78.7M | — | ||
| Q2 24 | $68.7M | — | ||
| Q1 24 | $77.8M | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | $2.1M | $282.8M |
| Q4 25 | $161.6M | $405.9M | ||
| Q3 25 | $166.7M | $408.4M | ||
| Q2 25 | $163.7M | $398.4M | ||
| Q1 25 | $167.1M | $381.1M | ||
| Q4 24 | $161.0M | $387.2M | ||
| Q3 24 | $162.6M | $416.6M | ||
| Q2 24 | $156.4M | $408.1M | ||
| Q1 24 | $159.7M | $391.8M |
| Q4 25 | $261.1M | $823.2M | ||
| Q3 25 | $264.8M | $844.4M | ||
| Q2 25 | $254.9M | $822.1M | ||
| Q1 25 | $252.7M | $824.6M | ||
| Q4 24 | $240.9M | $794.2M | ||
| Q3 24 | $245.3M | $853.4M | ||
| Q2 24 | $235.8M | $830.0M | ||
| Q1 24 | $247.3M | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | 0.01× | 0.72× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.9M | $23.3M |
| Free Cash FlowOCF − Capex | $7.6M | $14.1M |
| FCF MarginFCF / Revenue | 6.1% | 14.1% |
| Capex IntensityCapex / Revenue | 1.9% | 9.2% |
| Cash ConversionOCF / Net Profit | 2.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $28.8M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.9M | $23.3M | ||
| Q3 25 | $18.5M | $51.0M | ||
| Q2 25 | $4.3M | $36.0M | ||
| Q1 25 | $2.6M | $-46.9M | ||
| Q4 24 | $12.2M | $6.2M | ||
| Q3 24 | $9.6M | $37.2M | ||
| Q2 24 | $1.3M | $52.4M | ||
| Q1 24 | $2.2M | $-34.5M |
| Q4 25 | $7.6M | $14.1M | ||
| Q3 25 | $16.8M | $45.2M | ||
| Q2 25 | $3.0M | $29.1M | ||
| Q1 25 | $1.5M | $-50.3M | ||
| Q4 24 | $10.0M | $-98.0K | ||
| Q3 24 | $7.9M | $33.2M | ||
| Q2 24 | $-2.0M | $47.9M | ||
| Q1 24 | $-1.5M | $-39.9M |
| Q4 25 | 6.1% | 14.1% | ||
| Q3 25 | 13.1% | 27.9% | ||
| Q2 25 | 2.6% | 16.8% | ||
| Q1 25 | 1.3% | -45.2% | ||
| Q4 24 | 8.5% | -0.1% | ||
| Q3 24 | 6.9% | 22.1% | ||
| Q2 24 | -1.9% | 29.9% | ||
| Q1 24 | -1.4% | -36.0% |
| Q4 25 | 1.9% | 9.2% | ||
| Q3 25 | 1.3% | 3.6% | ||
| Q2 25 | 1.2% | 4.0% | ||
| Q1 25 | 1.0% | 3.1% | ||
| Q4 24 | 1.9% | 7.2% | ||
| Q3 24 | 1.5% | 2.7% | ||
| Q2 24 | 3.0% | 2.8% | ||
| Q1 24 | 3.3% | 4.8% |
| Q4 25 | 2.41× | — | ||
| Q3 25 | 3.46× | 6.29× | ||
| Q2 25 | 0.81× | 2.25× | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.21× | 6.32× | ||
| Q2 24 | 0.97× | 3.95× | ||
| Q1 24 | 0.94× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NATR
| Other | $68.1M | 55% |
| General Health Products | $20.2M | 16% |
| Digestive Products | $13.8M | 11% |
| Cardiovascular Products | $12.1M | 10% |
| Personal Care Products | $4.4M | 4% |
| Immunity Products | $3.1M | 3% |
| Weight Management Products | $2.1M | 2% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
