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Side-by-side financial comparison of NATURAL HEALTH TRENDS CORP (NHTC) and Alpine Income Property Trust, Inc. (PINE). Click either name above to swap in a different company.

Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $9.7M, roughly 1.9× NATURAL HEALTH TRENDS CORP). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs -6.0%, a 17.9% gap on every dollar of revenue. On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% vs -10.1%). Over the past eight quarters, Alpine Income Property Trust, Inc.'s revenue compounded faster (21.4% CAGR vs -5.6%).

Sword Health is a digital health company that develops physical therapy programs for musculoskeletal (MSK) conditions, pelvic health, and injury prevention. The company was founded in 2015 in Portugal by Virgílio Bento and Márcio Colunas. Its services include digital physical therapy with artificial intelligence (AI) integrated into the care model. As of 2024, Sword Health operates internationally, with offices in the United States, Ireland, and Portugal. The company has been valued at $3 bil...

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

NHTC vs PINE — Head-to-Head

Bigger by revenue
PINE
PINE
1.9× larger
PINE
$18.4M
$9.7M
NHTC
Growing faster (revenue YoY)
PINE
PINE
+39.7% gap
PINE
29.6%
-10.1%
NHTC
Higher net margin
PINE
PINE
17.9% more per $
PINE
11.9%
-6.0%
NHTC
Faster 2-yr revenue CAGR
PINE
PINE
Annualised
PINE
21.4%
-5.6%
NHTC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NHTC
NHTC
PINE
PINE
Revenue
$9.7M
$18.4M
Net Profit
$-588.0K
$2.2M
Gross Margin
72.9%
Operating Margin
-6.5%
35.4%
Net Margin
-6.0%
11.9%
Revenue YoY
-10.1%
29.6%
Net Profit YoY
-434.1%
285.3%
EPS (diluted)
$-0.05
$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.

Revenue
NHTC
NHTC
PINE
PINE
Q1 26
$18.4M
Q4 25
$9.7M
$16.9M
Q3 25
$9.5M
$14.6M
Q2 25
$9.8M
$14.9M
Q1 25
$10.7M
$14.2M
Q4 24
$10.8M
$13.8M
Q3 24
$10.7M
$13.5M
Q2 24
$10.5M
$12.5M
Net Profit
NHTC
NHTC
PINE
PINE
Q1 26
$2.2M
Q4 25
$-588.0K
$1.5M
Q3 25
$-431.0K
$-1.3M
Q2 25
$15.0K
$-1.6M
Q1 25
$122.0K
$-1.2M
Q4 24
$176.0K
$-958.0K
Q3 24
$35.0K
$3.1M
Q2 24
$173.0K
$204.0K
Gross Margin
NHTC
NHTC
PINE
PINE
Q1 26
Q4 25
72.9%
Q3 25
73.7%
Q2 25
73.9%
Q1 25
73.6%
Q4 24
74.2%
Q3 24
74.1%
Q2 24
74.2%
Operating Margin
NHTC
NHTC
PINE
PINE
Q1 26
35.4%
Q4 25
-6.5%
35.3%
Q3 25
-5.2%
16.6%
Q2 25
-3.4%
16.8%
Q1 25
-3.2%
16.0%
Q4 24
-3.9%
14.3%
Q3 24
-2.6%
47.9%
Q2 24
-2.3%
24.0%
Net Margin
NHTC
NHTC
PINE
PINE
Q1 26
11.9%
Q4 25
-6.0%
8.7%
Q3 25
-4.5%
-9.0%
Q2 25
0.2%
-11.0%
Q1 25
1.1%
-8.3%
Q4 24
1.6%
-6.9%
Q3 24
0.3%
22.8%
Q2 24
1.7%
1.6%
EPS (diluted)
NHTC
NHTC
PINE
PINE
Q1 26
$0.06
Q4 25
$-0.05
$0.07
Q3 25
$-0.04
$-0.09
Q2 25
$0.00
$-0.12
Q1 25
$0.01
$-0.08
Q4 24
$0.01
$-0.06
Q3 24
$0.00
$0.21
Q2 24
$0.02
$0.01

Balance Sheet & Financial Strength

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

Metric
NHTC
NHTC
PINE
PINE
Cash + ST InvestmentsLiquidity on hand
$28.9M
$2.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.4M
$312.5M
Total Assets
$38.4M
$745.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NHTC
NHTC
PINE
PINE
Q1 26
$2.6M
Q4 25
$28.9M
$4.6M
Q3 25
$32.0M
$1.2M
Q2 25
$34.2M
$5.0M
Q1 25
$41.9M
$6.1M
Q4 24
$43.9M
$1.6M
Q3 24
$46.3M
$2.6M
Q2 24
$48.7M
$3.3M
Total Debt
NHTC
NHTC
PINE
PINE
Q1 26
Q4 25
$377.7M
Q3 25
$358.2M
Q2 25
$352.6M
Q1 25
$356.5M
Q4 24
$301.5M
Q3 24
$278.9M
Q2 24
$268.3M
Stockholders' Equity
NHTC
NHTC
PINE
PINE
Q1 26
$312.5M
Q4 25
$23.4M
$279.9M
Q3 25
$26.1M
$223.5M
Q2 25
$28.9M
$229.8M
Q1 25
$30.9M
$240.9M
Q4 24
$32.9M
$253.0M
Q3 24
$35.3M
$248.2M
Q2 24
$37.3M
$244.0M
Total Assets
NHTC
NHTC
PINE
PINE
Q1 26
$745.1M
Q4 25
$38.4M
$715.9M
Q3 25
$42.3M
$621.4M
Q2 25
$45.2M
$628.4M
Q1 25
$53.2M
$647.4M
Q4 24
$55.4M
$605.0M
Q3 24
$58.3M
$579.0M
Q2 24
$61.5M
$565.8M
Debt / Equity
NHTC
NHTC
PINE
PINE
Q1 26
Q4 25
1.35×
Q3 25
1.60×
Q2 25
1.53×
Q1 25
1.48×
Q4 24
1.19×
Q3 24
1.12×
Q2 24
1.10×

Cash Flow & Capital Efficiency

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

Metric
NHTC
NHTC
PINE
PINE
Operating Cash FlowLast quarter
$-959.0K
Free Cash FlowOCF − Capex
$-964.0K
FCF MarginFCF / Revenue
-9.9%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NHTC
NHTC
PINE
PINE
Q1 26
Q4 25
$-959.0K
$25.8M
Q3 25
$113.0K
$8.7M
Q2 25
$-5.6M
$9.1M
Q1 25
$484.0K
$5.8M
Q4 24
$88.0K
$23.4M
Q3 24
$-436.0K
$6.2M
Q2 24
$-3.6M
$8.0M
Free Cash Flow
NHTC
NHTC
PINE
PINE
Q1 26
Q4 25
$-964.0K
$-87.8M
Q3 25
$70.0K
$-48.8M
Q2 25
$-5.6M
$-3.0M
Q1 25
$468.0K
$-55.5M
Q4 24
$68.0K
$-33.4M
Q3 24
$-443.0K
$-43.0M
Q2 24
$-3.6M
$-13.5M
FCF Margin
NHTC
NHTC
PINE
PINE
Q1 26
Q4 25
-9.9%
-519.4%
Q3 25
0.7%
-334.9%
Q2 25
-57.5%
-20.0%
Q1 25
4.4%
-391.0%
Q4 24
0.6%
-242.4%
Q3 24
-4.1%
-319.3%
Q2 24
-34.2%
-108.0%
Capex Intensity
NHTC
NHTC
PINE
PINE
Q1 26
Q4 25
0.1%
671.8%
Q3 25
0.5%
394.8%
Q2 25
0.0%
81.2%
Q1 25
0.1%
432.0%
Q4 24
0.2%
412.3%
Q3 24
0.1%
365.4%
Q2 24
0.2%
172.3%
Cash Conversion
NHTC
NHTC
PINE
PINE
Q1 26
Q4 25
17.48×
Q3 25
Q2 25
-375.67×
Q1 25
3.97×
Q4 24
0.50×
Q3 24
-12.46×
2.02×
Q2 24
-20.62×
39.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NHTC
NHTC

Segment breakdown not available.

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

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