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Side-by-side financial comparison of NU SKIN ENTERPRISES, INC. (NUS) and Voya Financial, Inc. (VOYA). Click either name above to swap in a different company.

Voya Financial, Inc. is the larger business by last-quarter revenue ($603.0M vs $370.3M, roughly 1.6× NU SKIN ENTERPRISES, INC.). Voya Financial, Inc. runs the higher net margin — 23.2% vs 3.9%, a 19.3% gap on every dollar of revenue. On growth, Voya Financial, Inc. posted the faster year-over-year revenue change (7.5% vs -16.9%). Over the past eight quarters, Voya Financial, Inc.'s revenue compounded faster (7.8% CAGR vs -5.8%).

Nu Skin Enterprises, Inc. is an American multilevel marketing company that develops and sells personal care products and dietary and nutritional supplements. Under the Nu Skin and Pharmanex brands, the company sells its products in 54 markets through a network of approximately 1.2 million independent distributors.

Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.

NUS vs VOYA — Head-to-Head

Bigger by revenue
VOYA
VOYA
1.6× larger
VOYA
$603.0M
$370.3M
NUS
Growing faster (revenue YoY)
VOYA
VOYA
+24.4% gap
VOYA
7.5%
-16.9%
NUS
Higher net margin
VOYA
VOYA
19.3% more per $
VOYA
23.2%
3.9%
NUS
Faster 2-yr revenue CAGR
VOYA
VOYA
Annualised
VOYA
7.8%
-5.8%
NUS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NUS
NUS
VOYA
VOYA
Revenue
$370.3M
$603.0M
Net Profit
$14.5M
$140.0M
Gross Margin
70.7%
Operating Margin
6.3%
28.0%
Net Margin
3.9%
23.2%
Revenue YoY
-16.9%
7.5%
Net Profit YoY
140.1%
44.3%
EPS (diluted)
$0.27
$1.41

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
NUS
NUS
VOYA
VOYA
Q4 25
$370.3M
$603.0M
Q3 25
$364.2M
$572.0M
Q2 25
$386.1M
$542.0M
Q1 25
$364.5M
$538.0M
Q4 24
$445.6M
$561.0M
Q3 24
$430.1M
$542.0M
Q2 24
$439.1M
$528.0M
Q1 24
$417.3M
$519.0M
Net Profit
NUS
NUS
VOYA
VOYA
Q4 25
$14.5M
$140.0M
Q3 25
$17.1M
$192.0M
Q2 25
$21.1M
$166.0M
Q1 25
$107.5M
$156.0M
Q4 24
$-36.1M
$97.0M
Q3 24
$8.3M
$114.0M
Q2 24
$-118.3M
$205.0M
Q1 24
$-533.0K
$251.0M
Gross Margin
NUS
NUS
VOYA
VOYA
Q4 25
70.7%
Q3 25
70.5%
Q2 25
68.8%
Q1 25
67.8%
Q4 24
62.7%
Q3 24
70.1%
Q2 24
70.0%
Q1 24
70.5%
Operating Margin
NUS
NUS
VOYA
VOYA
Q4 25
6.3%
28.0%
Q3 25
5.9%
53.7%
Q2 25
8.0%
34.7%
Q1 25
-2.7%
32.2%
Q4 24
-11.9%
21.4%
Q3 24
4.2%
21.4%
Q2 24
-28.6%
52.3%
Q1 24
2.1%
55.3%
Net Margin
NUS
NUS
VOYA
VOYA
Q4 25
3.9%
23.2%
Q3 25
4.7%
33.6%
Q2 25
5.5%
30.6%
Q1 25
29.5%
29.0%
Q4 24
-8.1%
17.3%
Q3 24
1.9%
21.0%
Q2 24
-26.9%
38.8%
Q1 24
-0.1%
48.4%
EPS (diluted)
NUS
NUS
VOYA
VOYA
Q4 25
$0.27
$1.41
Q3 25
$0.34
$1.80
Q2 25
$0.43
$1.66
Q1 25
$2.14
$1.42
Q4 24
$-0.73
$0.99
Q3 24
$0.17
$0.98
Q2 24
$-2.38
$1.96
Q1 24
$-0.01
$2.24

Balance Sheet & Financial Strength

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

Metric
NUS
NUS
VOYA
VOYA
Cash + ST InvestmentsLiquidity on hand
$239.8M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$805.2M
$5.0B
Total Assets
$1.4B
$178.9B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NUS
NUS
VOYA
VOYA
Q4 25
$239.8M
Q3 25
$253.0M
Q2 25
$265.4M
Q1 25
$213.6M
Q4 24
$198.0M
Q3 24
$237.8M
Q2 24
$232.9M
Q1 24
$221.2M
Total Debt
NUS
NUS
VOYA
VOYA
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.1B
Q1 24
$2.1B
Stockholders' Equity
NUS
NUS
VOYA
VOYA
Q4 25
$805.2M
$5.0B
Q3 25
$799.8M
$5.0B
Q2 25
$787.8M
$4.6B
Q1 25
$754.0M
$4.4B
Q4 24
$651.5M
$4.0B
Q3 24
$706.9M
$4.7B
Q2 24
$686.2M
$4.0B
Q1 24
$810.2M
$4.2B
Total Assets
NUS
NUS
VOYA
VOYA
Q4 25
$1.4B
$178.9B
Q3 25
$1.4B
$177.4B
Q2 25
$1.4B
$172.4B
Q1 25
$1.4B
$163.9B
Q4 24
$1.5B
$163.9B
Q3 24
$1.6B
$166.9B
Q2 24
$1.6B
$161.3B
Q1 24
$1.7B
$161.6B
Debt / Equity
NUS
NUS
VOYA
VOYA
Q4 25
0.42×
Q3 25
0.42×
Q2 25
0.45×
Q1 25
0.48×
Q4 24
0.62×
Q3 24
0.53×
Q2 24
0.52×
Q1 24
0.51×

Cash Flow & Capital Efficiency

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

Metric
NUS
NUS
VOYA
VOYA
Operating Cash FlowLast quarter
$16.6M
$557.0M
Free Cash FlowOCF − Capex
$5.9M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
1.15×
3.98×
TTM Free Cash FlowTrailing 4 quarters
$46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NUS
NUS
VOYA
VOYA
Q4 25
$16.6M
$557.0M
Q3 25
$27.5M
$168.0M
Q2 25
$35.8M
$742.0M
Q1 25
$389.0K
$-179.0M
Q4 24
$25.8M
$79.0M
Q3 24
$31.4M
$719.0M
Q2 24
$51.2M
$316.0M
Q1 24
$3.3M
$231.0M
Free Cash Flow
NUS
NUS
VOYA
VOYA
Q4 25
$5.9M
Q3 25
$17.6M
Q2 25
$35.8M
Q1 25
$-13.2M
Q4 24
$13.2M
Q3 24
$22.8M
Q2 24
$43.1M
Q1 24
$-9.0M
FCF Margin
NUS
NUS
VOYA
VOYA
Q4 25
1.6%
Q3 25
4.8%
Q2 25
9.3%
Q1 25
-3.6%
Q4 24
3.0%
Q3 24
5.3%
Q2 24
9.8%
Q1 24
-2.1%
Capex Intensity
NUS
NUS
VOYA
VOYA
Q4 25
2.9%
Q3 25
2.7%
Q2 25
0.0%
Q1 25
3.7%
Q4 24
2.8%
Q3 24
2.0%
Q2 24
1.9%
Q1 24
2.9%
Cash Conversion
NUS
NUS
VOYA
VOYA
Q4 25
1.15×
3.98×
Q3 25
1.61×
0.88×
Q2 25
1.69×
4.47×
Q1 25
0.00×
-1.15×
Q4 24
0.81×
Q3 24
3.79×
6.31×
Q2 24
1.54×
Q1 24
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NUS
NUS

Other$161.9M44%
Mainland China Segment$52.0M14%
Southeast Asia Pacific Segment$50.5M14%
Europe And Africa Segment$41.8M11%
Hong Kong Taiwan Segment$29.6M8%
South Korea Segment$28.4M8%
Rhyz Other Segment$6.1M2%

VOYA
VOYA

Other$295.0M49%
Investment Management Segment$274.0M45%
Distribution Fees Member$34.0M6%

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