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Side-by-side financial comparison of USANA HEALTH SCIENCES INC (USNA) and INNOVATE Corp. (VATE). Click either name above to swap in a different company.
INNOVATE Corp. is the larger business by last-quarter revenue ($382.7M vs $226.2M, roughly 1.7× USANA HEALTH SCIENCES INC). USANA HEALTH SCIENCES INC runs the higher net margin — 0.1% vs -1.9%, a 2.0% gap on every dollar of revenue. On growth, INNOVATE Corp. posted the faster year-over-year revenue change (61.7% vs -10.0%). Over the past eight quarters, INNOVATE Corp.'s revenue compounded faster (10.2% CAGR vs -0.4%).
Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.
Innovate Corp. is an American public financial services company founded in 1994.
USNA vs VATE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $226.2M | $382.7M |
| Net Profit | $180.0K | $-7.4M |
| Gross Margin | 78.2% | 15.4% |
| Operating Margin | 1.7% | 3.7% |
| Net Margin | 0.1% | -1.9% |
| Revenue YoY | -10.0% | 61.7% |
| Net Profit YoY | -74.0% | 55.4% |
| EPS (diluted) | $-0.10 | $-0.57 |
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 | $226.2M | $382.7M | ||
| Q3 25 | $213.7M | $347.1M | ||
| Q2 25 | $235.8M | $242.0M | ||
| Q1 25 | $249.5M | $274.2M | ||
| Q4 24 | $213.6M | $236.6M | ||
| Q3 24 | $200.2M | $242.2M | ||
| Q2 24 | $212.9M | $313.1M | ||
| Q1 24 | $227.8M | $315.2M |
| Q4 25 | $180.0K | $-7.4M | ||
| Q3 25 | $-6.5M | $-8.9M | ||
| Q2 25 | $9.7M | $-19.8M | ||
| Q1 25 | $9.4M | $-24.5M | ||
| Q4 24 | $4.5M | $-16.6M | ||
| Q3 24 | $10.6M | $-15.0M | ||
| Q2 24 | $10.4M | $14.4M | ||
| Q1 24 | $16.5M | $-17.4M |
| Q4 25 | 78.2% | 15.4% | ||
| Q3 25 | 77.2% | 14.3% | ||
| Q2 25 | 78.7% | 18.8% | ||
| Q1 25 | 79.0% | 16.6% | ||
| Q4 24 | 82.0% | 19.6% | ||
| Q3 24 | 80.4% | 19.9% | ||
| Q2 24 | 81.1% | 21.0% | ||
| Q1 24 | 81.1% | 15.4% |
| Q4 25 | 1.7% | 3.7% | ||
| Q3 25 | 0.6% | 1.8% | ||
| Q2 25 | 7.1% | 2.0% | ||
| Q1 25 | 6.3% | 1.2% | ||
| Q4 24 | 3.8% | 1.1% | ||
| Q3 24 | 7.8% | 2.4% | ||
| Q2 24 | 8.4% | 9.2% | ||
| Q1 24 | 10.8% | 0.9% |
| Q4 25 | 0.1% | -1.9% | ||
| Q3 25 | -3.1% | -2.6% | ||
| Q2 25 | 4.1% | -8.2% | ||
| Q1 25 | 3.8% | -8.9% | ||
| Q4 24 | 2.1% | -7.0% | ||
| Q3 24 | 5.3% | -6.2% | ||
| Q2 24 | 4.9% | 4.6% | ||
| Q1 24 | 7.3% | -5.5% |
| Q4 25 | $-0.10 | $-0.57 | ||
| Q3 25 | $-0.36 | $-0.71 | ||
| Q2 25 | $0.52 | $-1.67 | ||
| Q1 25 | $0.49 | $-1.89 | ||
| Q4 24 | $0.23 | $-0.72 | ||
| Q3 24 | $0.56 | $-1.18 | ||
| Q2 24 | $0.54 | $1.03 | ||
| Q1 24 | $0.86 | $-2.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $158.4M | $112.1M |
| Total DebtLower is stronger | — | $80.3M |
| Stockholders' EquityBook value | — | $-240.1M |
| Total Assets | $742.9M | $950.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $158.4M | $112.1M | ||
| Q3 25 | $145.3M | $35.5M | ||
| Q2 25 | $151.3M | $33.4M | ||
| Q1 25 | $179.6M | $33.3M | ||
| Q4 24 | $181.8M | $48.8M | ||
| Q3 24 | $364.9M | $51.0M | ||
| Q2 24 | $332.4M | $80.2M | ||
| Q1 24 | $328.3M | $38.4M |
| Q4 25 | — | $80.3M | ||
| Q3 25 | — | $97.3M | ||
| Q2 25 | — | $160.1M | ||
| Q1 25 | — | $139.9M | ||
| Q4 24 | — | $500.6M | ||
| Q3 24 | — | $502.4M | ||
| Q2 24 | — | $638.3M | ||
| Q1 24 | — | $641.5M |
| Q4 25 | — | $-240.1M | ||
| Q3 25 | $528.1M | $-233.3M | ||
| Q2 25 | $531.1M | $-224.8M | ||
| Q1 25 | $529.8M | $-204.2M | ||
| Q4 24 | $532.1M | $-180.4M | ||
| Q3 24 | $533.1M | $-163.1M | ||
| Q2 24 | $512.2M | $-149.0M | ||
| Q1 24 | $500.0M | $-184.4M |
| Q4 25 | $742.9M | $950.1M | ||
| Q3 25 | $726.6M | $913.2M | ||
| Q2 25 | $734.5M | $890.9M | ||
| Q1 25 | $746.6M | $868.0M | ||
| Q4 24 | $748.2M | $891.1M | ||
| Q3 24 | $671.3M | $897.2M | ||
| Q2 24 | $631.4M | $898.9M | ||
| Q1 24 | $629.3M | $943.5M |
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 | — | $101.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $101.1M | ||
| Q3 25 | $-2.0M | $19.2M | ||
| Q2 25 | $12.2M | $40.4M | ||
| Q1 25 | $15.5M | $-14.1M | ||
| Q4 24 | $5.8M | $41.4M | ||
| Q3 24 | $29.5M | $-28.4M | ||
| Q2 24 | $8.0M | $21.5M | ||
| Q1 24 | $17.7M | $-25.4M |
| Q4 25 | — | — | ||
| Q3 25 | $-5.2M | $19.0M | ||
| Q2 25 | $7.2M | — | ||
| Q1 25 | $12.7M | $-18.8M | ||
| Q4 24 | $4.0M | $34.2M | ||
| Q3 24 | $27.1M | $-31.5M | ||
| Q2 24 | $5.3M | $18.4M | ||
| Q1 24 | $14.5M | $-31.0M |
| Q4 25 | — | — | ||
| Q3 25 | -2.4% | 5.5% | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 5.1% | -6.9% | ||
| Q4 24 | 1.9% | 14.5% | ||
| Q3 24 | 13.6% | -13.0% | ||
| Q2 24 | 2.5% | 5.9% | ||
| Q1 24 | 6.4% | -9.8% |
| Q4 25 | — | — | ||
| Q3 25 | 1.5% | 0.1% | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 1.1% | 1.7% | ||
| Q4 24 | 0.8% | 3.0% | ||
| Q3 24 | 1.2% | 1.3% | ||
| Q2 24 | 1.3% | 1.0% | ||
| Q1 24 | 1.4% | 1.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 1.29× | — | ||
| Q3 24 | 2.78× | — | ||
| Q2 24 | 0.77× | 1.49× | ||
| Q1 24 | 1.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
USNA
Segment breakdown not available.
VATE
| Commercial Revenue | $126.1M | 33% |
| Industrial Revenue | $87.5M | 23% |
| Transportation Revenue | $58.4M | 15% |
| Healthcare Revenue | $48.4M | 13% |
| Government Revenue | $44.3M | 12% |
| Energy Revenue | $8.0M | 2% |
| Broadcast Station Revenue | $5.7M | 1% |
| Systems And Consumables Revenue | $3.1M | 1% |
| Leisure Revenue | $200.0K | 0% |
