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

Thryv Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $123.8M, roughly 1.4× NATURES SUNSHINE PRODUCTS INC). NATURES SUNSHINE PRODUCTS INC runs the higher net margin — 3.3% vs 2.7%, a 0.6% gap on every dollar of revenue. On growth, NATURES SUNSHINE PRODUCTS INC posted the faster year-over-year revenue change (4.7% vs -7.5%). NATURES SUNSHINE PRODUCTS INC produced more free cash flow last quarter ($7.6M vs $-5.5M). Over the past eight quarters, NATURES SUNSHINE PRODUCTS INC's revenue compounded faster (5.6% CAGR vs -13.5%).

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.

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

NATR vs THRY — Head-to-Head

Bigger by revenue
THRY
THRY
1.4× larger
THRY
$167.7M
$123.8M
NATR
Growing faster (revenue YoY)
NATR
NATR
+12.3% gap
NATR
4.7%
-7.5%
THRY
Higher net margin
NATR
NATR
0.6% more per $
NATR
3.3%
2.7%
THRY
More free cash flow
NATR
NATR
$13.0M more FCF
NATR
$7.6M
$-5.5M
THRY
Faster 2-yr revenue CAGR
NATR
NATR
Annualised
NATR
5.6%
-13.5%
THRY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NATR
NATR
THRY
THRY
Revenue
$123.8M
$167.7M
Net Profit
$4.1M
$4.5M
Gross Margin
72.5%
65.2%
Operating Margin
4.3%
37.3%
Net Margin
3.3%
2.7%
Revenue YoY
4.7%
-7.5%
Net Profit YoY
1379.4%
147.2%
EPS (diluted)
$0.23
$0.10

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
THRY
THRY
Q1 26
$167.7M
Q4 25
$123.8M
$191.6M
Q3 25
$128.3M
$201.6M
Q2 25
$114.8M
$210.5M
Q1 25
$113.2M
$181.4M
Q4 24
$118.2M
$186.6M
Q3 24
$114.6M
$179.9M
Q2 24
$110.6M
$224.1M
Net Profit
NATR
NATR
THRY
THRY
Q1 26
$4.5M
Q4 25
$4.1M
$-9.7M
Q3 25
$5.3M
$5.7M
Q2 25
$5.3M
$13.9M
Q1 25
$4.7M
$-9.6M
Q4 24
$-321.0K
$7.9M
Q3 24
$4.3M
$-96.1M
Q2 24
$1.3M
$5.5M
Gross Margin
NATR
NATR
THRY
THRY
Q1 26
65.2%
Q4 25
72.5%
68.0%
Q3 25
73.3%
67.7%
Q2 25
71.7%
69.7%
Q1 25
72.1%
65.8%
Q4 24
72.0%
65.9%
Q3 24
71.3%
62.3%
Q2 24
71.4%
66.3%
Operating Margin
NATR
NATR
THRY
THRY
Q1 26
37.3%
Q4 25
4.3%
5.3%
Q3 25
7.0%
9.9%
Q2 25
3.7%
14.0%
Q1 25
5.4%
-1.7%
Q4 24
3.8%
-3.9%
Q3 24
4.6%
-49.2%
Q2 24
5.1%
14.0%
Net Margin
NATR
NATR
THRY
THRY
Q1 26
2.7%
Q4 25
3.3%
-5.0%
Q3 25
4.2%
2.8%
Q2 25
4.6%
6.6%
Q1 25
4.2%
-5.3%
Q4 24
-0.3%
4.2%
Q3 24
3.8%
-53.4%
Q2 24
1.2%
2.5%
EPS (diluted)
NATR
NATR
THRY
THRY
Q1 26
$0.10
Q4 25
$0.23
$-0.21
Q3 25
$0.30
$0.13
Q2 25
$0.28
$0.31
Q1 25
$0.25
$-0.22
Q4 24
$-0.02
$0.28
Q3 24
$0.23
$-2.65
Q2 24
$0.07
$0.15

Balance Sheet & Financial Strength

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

Metric
NATR
NATR
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$93.9M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$161.6M
$225.4M
Total Assets
$261.1M
$693.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NATR
NATR
THRY
THRY
Q1 26
$8.0M
Q4 25
$93.9M
$10.8M
Q3 25
$95.6M
$11.6M
Q2 25
$81.3M
$10.8M
Q1 25
$86.5M
$11.0M
Q4 24
$84.7M
$16.3M
Q3 24
$78.7M
$12.5M
Q2 24
$68.7M
$15.5M
Total Debt
NATR
NATR
THRY
THRY
Q1 26
Q4 25
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$284.3M
Q3 24
$307.8M
Q2 24
$342.1M
Stockholders' Equity
NATR
NATR
THRY
THRY
Q1 26
$225.4M
Q4 25
$161.6M
$218.1M
Q3 25
$166.7M
$221.1M
Q2 25
$163.7M
$214.9M
Q1 25
$167.1M
$193.2M
Q4 24
$161.0M
$196.9M
Q3 24
$162.6M
$94.5M
Q2 24
$156.4M
$183.1M
Total Assets
NATR
NATR
THRY
THRY
Q1 26
$693.7M
Q4 25
$261.1M
$688.6M
Q3 25
$264.8M
$701.8M
Q2 25
$254.9M
$687.7M
Q1 25
$252.7M
$703.7M
Q4 24
$240.9M
$712.2M
Q3 24
$245.3M
$654.8M
Q2 24
$235.8M
$785.5M
Debt / Equity
NATR
NATR
THRY
THRY
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×

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
THRY
THRY
Operating Cash FlowLast quarter
$9.9M
Free Cash FlowOCF − Capex
$7.6M
$-5.5M
FCF MarginFCF / Revenue
6.1%
-3.3%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
2.41×
TTM Free Cash FlowTrailing 4 quarters
$28.8M
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NATR
NATR
THRY
THRY
Q1 26
Q4 25
$9.9M
$22.2M
Q3 25
$18.5M
$22.2M
Q2 25
$4.3M
$29.6M
Q1 25
$2.6M
$-10.5M
Q4 24
$12.2M
$26.1M
Q3 24
$9.6M
$36.0M
Q2 24
$1.3M
$22.2M
Free Cash Flow
NATR
NATR
THRY
THRY
Q1 26
$-5.5M
Q4 25
$7.6M
$12.3M
Q3 25
$16.8M
$14.6M
Q2 25
$3.0M
$21.8M
Q1 25
$1.5M
$-17.6M
Q4 24
$10.0M
$17.3M
Q3 24
$7.9M
$27.5M
Q2 24
$-2.0M
$13.3M
FCF Margin
NATR
NATR
THRY
THRY
Q1 26
-3.3%
Q4 25
6.1%
6.4%
Q3 25
13.1%
7.2%
Q2 25
2.6%
10.4%
Q1 25
1.3%
-9.7%
Q4 24
8.5%
9.3%
Q3 24
6.9%
15.3%
Q2 24
-1.9%
5.9%
Capex Intensity
NATR
NATR
THRY
THRY
Q1 26
Q4 25
1.9%
5.2%
Q3 25
1.3%
3.8%
Q2 25
1.2%
3.7%
Q1 25
1.0%
3.9%
Q4 24
1.9%
4.7%
Q3 24
1.5%
4.7%
Q2 24
3.0%
4.0%
Cash Conversion
NATR
NATR
THRY
THRY
Q1 26
Q4 25
2.41×
Q3 25
3.46×
3.93×
Q2 25
0.81×
2.12×
Q1 25
0.55×
Q4 24
3.32×
Q3 24
2.21×
Q2 24
0.97×
4.01×

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%

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

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