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Side-by-side financial comparison of NATURES SUNSHINE PRODUCTS INC (NATR) and WESTAMERICA BANCORPORATION (WABC). 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 $63.3M, roughly 2.0× WESTAMERICA BANCORPORATION). WESTAMERICA BANCORPORATION runs the higher net margin — 43.9% vs 3.3%, a 40.6% gap on every dollar of revenue. On growth, NATURES SUNSHINE PRODUCTS INC posted the faster year-over-year revenue change (4.7% vs -9.0%). WESTAMERICA BANCORPORATION produced more free cash flow last quarter ($119.7M vs $7.6M). Over the past eight quarters, NATURES SUNSHINE PRODUCTS INC's revenue compounded faster (5.6% CAGR vs -8.6%).

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.

Westamerica Bancorporation is a regional bank holding company headquartered in California, U.S. It operates via its wholly owned banking subsidiary to provide full-spectrum retail and commercial banking services, including deposit products, business and consumer loans, wealth management, and payment services, primarily serving individual consumers, SMEs and local institutional clients in northern and central California.

NATR vs WABC — Head-to-Head

Bigger by revenue
NATR
NATR
2.0× larger
NATR
$123.8M
$63.3M
WABC
Growing faster (revenue YoY)
NATR
NATR
+13.7% gap
NATR
4.7%
-9.0%
WABC
Higher net margin
WABC
WABC
40.6% more per $
WABC
43.9%
3.3%
NATR
More free cash flow
WABC
WABC
$112.1M more FCF
WABC
$119.7M
$7.6M
NATR
Faster 2-yr revenue CAGR
NATR
NATR
Annualised
NATR
5.6%
-8.6%
WABC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NATR
NATR
WABC
WABC
Revenue
$123.8M
$63.3M
Net Profit
$4.1M
$27.8M
Gross Margin
72.5%
Operating Margin
4.3%
59.8%
Net Margin
3.3%
43.9%
Revenue YoY
4.7%
-9.0%
Net Profit YoY
1379.4%
-12.3%
EPS (diluted)
$0.23
$1.12

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
WABC
WABC
Q4 25
$123.8M
$63.3M
Q3 25
$128.3M
$63.7M
Q2 25
$114.8M
$64.6M
Q1 25
$113.2M
$66.4M
Q4 24
$118.2M
$69.6M
Q3 24
$114.6M
$74.1M
Q2 24
$110.6M
$74.3M
Q1 24
$111.0M
$75.8M
Net Profit
NATR
NATR
WABC
WABC
Q4 25
$4.1M
$27.8M
Q3 25
$5.3M
$28.3M
Q2 25
$5.3M
$29.1M
Q1 25
$4.7M
$31.0M
Q4 24
$-321.0K
$31.7M
Q3 24
$4.3M
$35.1M
Q2 24
$1.3M
$35.5M
Q1 24
$2.3M
$36.4M
Gross Margin
NATR
NATR
WABC
WABC
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
WABC
WABC
Q4 25
4.3%
59.8%
Q3 25
7.0%
59.5%
Q2 25
3.7%
60.5%
Q1 25
5.4%
63.0%
Q4 24
3.8%
62.8%
Q3 24
4.6%
64.5%
Q2 24
5.1%
64.8%
Q1 24
4.2%
65.2%
Net Margin
NATR
NATR
WABC
WABC
Q4 25
3.3%
43.9%
Q3 25
4.2%
44.3%
Q2 25
4.6%
45.0%
Q1 25
4.2%
46.7%
Q4 24
-0.3%
45.6%
Q3 24
3.8%
47.3%
Q2 24
1.2%
47.8%
Q1 24
2.1%
48.0%
EPS (diluted)
NATR
NATR
WABC
WABC
Q4 25
$0.23
$1.12
Q3 25
$0.30
$1.12
Q2 25
$0.28
$1.12
Q1 25
$0.25
$1.16
Q4 24
$-0.02
$1.19
Q3 24
$0.23
$1.31
Q2 24
$0.07
$1.33
Q1 24
$0.12
$1.37

Balance Sheet & Financial Strength

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

Metric
NATR
NATR
WABC
WABC
Cash + ST InvestmentsLiquidity on hand
$93.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$161.6M
$933.5M
Total Assets
$261.1M
$6.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NATR
NATR
WABC
WABC
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
Total Debt
NATR
NATR
WABC
WABC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$2.1M
Stockholders' Equity
NATR
NATR
WABC
WABC
Q4 25
$161.6M
$933.5M
Q3 25
$166.7M
$931.6M
Q2 25
$163.7M
$921.8M
Q1 25
$167.1M
$923.1M
Q4 24
$161.0M
$890.0M
Q3 24
$162.6M
$909.0M
Q2 24
$156.4M
$815.6M
Q1 24
$159.7M
$791.7M
Total Assets
NATR
NATR
WABC
WABC
Q4 25
$261.1M
$6.0B
Q3 25
$264.8M
$5.9B
Q2 25
$254.9M
$5.8B
Q1 25
$252.7M
$6.0B
Q4 24
$240.9M
$6.1B
Q3 24
$245.3M
$6.2B
Q2 24
$235.8M
$6.3B
Q1 24
$247.3M
$6.5B
Debt / Equity
NATR
NATR
WABC
WABC
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
WABC
WABC
Operating Cash FlowLast quarter
$9.9M
$121.9M
Free Cash FlowOCF − Capex
$7.6M
$119.7M
FCF MarginFCF / Revenue
6.1%
189.0%
Capex IntensityCapex / Revenue
1.9%
3.5%
Cash ConversionOCF / Net Profit
2.41×
4.38×
TTM Free Cash FlowTrailing 4 quarters
$28.8M
$213.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NATR
NATR
WABC
WABC
Q4 25
$9.9M
$121.9M
Q3 25
$18.5M
$29.4M
Q2 25
$4.3M
$23.5M
Q1 25
$2.6M
$42.4M
Q4 24
$12.2M
$141.6M
Q3 24
$9.6M
$40.6M
Q2 24
$1.3M
$19.0M
Q1 24
$2.2M
$52.2M
Free Cash Flow
NATR
NATR
WABC
WABC
Q4 25
$7.6M
$119.7M
Q3 25
$16.8M
$28.7M
Q2 25
$3.0M
$22.8M
Q1 25
$1.5M
$42.2M
Q4 24
$10.0M
$139.8M
Q3 24
$7.9M
$40.1M
Q2 24
$-2.0M
$18.6M
Q1 24
$-1.5M
$52.1M
FCF Margin
NATR
NATR
WABC
WABC
Q4 25
6.1%
189.0%
Q3 25
13.1%
45.1%
Q2 25
2.6%
35.3%
Q1 25
1.3%
63.5%
Q4 24
8.5%
201.0%
Q3 24
6.9%
54.1%
Q2 24
-1.9%
25.0%
Q1 24
-1.4%
68.7%
Capex Intensity
NATR
NATR
WABC
WABC
Q4 25
1.9%
3.5%
Q3 25
1.3%
1.1%
Q2 25
1.2%
1.1%
Q1 25
1.0%
0.3%
Q4 24
1.9%
2.5%
Q3 24
1.5%
0.7%
Q2 24
3.0%
0.6%
Q1 24
3.3%
0.2%
Cash Conversion
NATR
NATR
WABC
WABC
Q4 25
2.41×
4.38×
Q3 25
3.46×
1.04×
Q2 25
0.81×
0.81×
Q1 25
0.55×
1.37×
Q4 24
4.47×
Q3 24
2.21×
1.16×
Q2 24
0.97×
0.54×
Q1 24
0.94×
1.43×

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%

WABC
WABC

Segment breakdown not available.

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