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Side-by-side financial comparison of USANA HEALTH SCIENCES INC (USNA) and WAFD INC (WAFD). Click either name above to swap in a different company.

USANA HEALTH SCIENCES INC is the larger business by last-quarter revenue ($226.2M vs $191.4M, roughly 1.2× WAFD INC). WAFD INC runs the higher net margin — 33.5% vs 0.1%, a 33.5% gap on every dollar of revenue. On growth, WAFD INC posted the faster year-over-year revenue change (11.8% vs -10.0%). Over the past eight quarters, WAFD INC's revenue compounded faster (5.5% CAGR vs 3.1%).

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.

Washington Federal Bank is a bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.

USNA vs WAFD — Head-to-Head

Bigger by revenue
USNA
USNA
1.2× larger
USNA
$226.2M
$191.4M
WAFD
Growing faster (revenue YoY)
WAFD
WAFD
+21.8% gap
WAFD
11.8%
-10.0%
USNA
Higher net margin
WAFD
WAFD
33.5% more per $
WAFD
33.5%
0.1%
USNA
Faster 2-yr revenue CAGR
WAFD
WAFD
Annualised
WAFD
5.5%
3.1%
USNA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
USNA
USNA
WAFD
WAFD
Revenue
$226.2M
$191.4M
Net Profit
$180.0K
$64.2M
Gross Margin
78.2%
Operating Margin
1.7%
43.0%
Net Margin
0.1%
33.5%
Revenue YoY
-10.0%
11.8%
Net Profit YoY
-74.0%
35.8%
EPS (diluted)
$-0.10
$0.79

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
USNA
USNA
WAFD
WAFD
Q4 25
$226.2M
$191.4M
Q3 25
$213.7M
$188.3M
Q2 25
$235.8M
$186.3M
Q1 25
$249.5M
$179.8M
Q4 24
$213.6M
$171.1M
Q3 24
$200.2M
$188.7M
Q2 24
$212.9M
$194.4M
Q1 24
$172.0M
Net Profit
USNA
USNA
WAFD
WAFD
Q4 25
$180.0K
$64.2M
Q3 25
$-6.5M
$60.6M
Q2 25
$9.7M
$62.0M
Q1 25
$9.4M
$56.3M
Q4 24
$4.5M
$47.3M
Q3 24
$10.6M
$61.1M
Q2 24
$10.4M
$64.6M
Q1 24
$15.9M
Gross Margin
USNA
USNA
WAFD
WAFD
Q4 25
78.2%
Q3 25
77.2%
Q2 25
78.7%
Q1 25
79.0%
Q4 24
82.0%
Q3 24
80.4%
Q2 24
81.1%
Q1 24
Operating Margin
USNA
USNA
WAFD
WAFD
Q4 25
1.7%
43.0%
Q3 25
0.6%
41.2%
Q2 25
7.1%
42.8%
Q1 25
6.3%
40.1%
Q4 24
3.8%
35.2%
Q3 24
7.8%
42.8%
Q2 24
8.4%
42.6%
Q1 24
12.2%
Net Margin
USNA
USNA
WAFD
WAFD
Q4 25
0.1%
33.5%
Q3 25
-3.1%
32.2%
Q2 25
4.1%
33.3%
Q1 25
3.8%
31.3%
Q4 24
2.1%
27.6%
Q3 24
5.3%
32.4%
Q2 24
4.9%
33.2%
Q1 24
9.2%
EPS (diluted)
USNA
USNA
WAFD
WAFD
Q4 25
$-0.10
$0.79
Q3 25
$-0.36
$0.71
Q2 25
$0.52
$0.73
Q1 25
$0.49
$0.65
Q4 24
$0.23
$0.54
Q3 24
$0.56
$0.73
Q2 24
$0.54
$0.75
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
USNA
USNA
WAFD
WAFD
Cash + ST InvestmentsLiquidity on hand
$158.4M
$734.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.0B
Total Assets
$742.9M
$27.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
USNA
USNA
WAFD
WAFD
Q4 25
$158.4M
$734.9M
Q3 25
$145.3M
$657.3M
Q2 25
$151.3M
$809.3M
Q1 25
$179.6M
$1.2B
Q4 24
$181.8M
$1.5B
Q3 24
$364.9M
$2.4B
Q2 24
$332.4M
$2.5B
Q1 24
$1.5B
Stockholders' Equity
USNA
USNA
WAFD
WAFD
Q4 25
$3.0B
Q3 25
$528.1M
$3.0B
Q2 25
$531.1M
$3.0B
Q1 25
$529.8M
$3.0B
Q4 24
$532.1M
$3.0B
Q3 24
$533.1M
$3.0B
Q2 24
$512.2M
$3.0B
Q1 24
$2.9B
Total Assets
USNA
USNA
WAFD
WAFD
Q4 25
$742.9M
$27.3B
Q3 25
$726.6M
$26.7B
Q2 25
$734.5M
$26.7B
Q1 25
$746.6M
$27.6B
Q4 24
$748.2M
$27.7B
Q3 24
$671.3M
$28.1B
Q2 24
$631.4M
$28.6B
Q1 24
$30.1B

Cash Flow & Capital Efficiency

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

Metric
USNA
USNA
WAFD
WAFD
Operating Cash FlowLast quarter
$60.5M
Free Cash FlowOCF − Capex
$50.0M
FCF MarginFCF / Revenue
26.1%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$377.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
USNA
USNA
WAFD
WAFD
Q4 25
$60.5M
Q3 25
$-2.0M
$237.0M
Q2 25
$12.2M
$58.0M
Q1 25
$15.5M
$72.1M
Q4 24
$5.8M
$49.4M
Q3 24
$29.5M
$439.2M
Q2 24
$8.0M
$63.1M
Q1 24
$169.2M
Free Cash Flow
USNA
USNA
WAFD
WAFD
Q4 25
$50.0M
Q3 25
$-5.2M
$208.2M
Q2 25
$7.2M
$53.1M
Q1 25
$12.7M
$66.6M
Q4 24
$4.0M
$43.0M
Q3 24
$27.1M
$414.6M
Q2 24
$5.3M
$58.3M
Q1 24
$164.8M
FCF Margin
USNA
USNA
WAFD
WAFD
Q4 25
26.1%
Q3 25
-2.4%
110.6%
Q2 25
3.0%
28.5%
Q1 25
5.1%
37.0%
Q4 24
1.9%
25.1%
Q3 24
13.6%
219.7%
Q2 24
2.5%
30.0%
Q1 24
95.8%
Capex Intensity
USNA
USNA
WAFD
WAFD
Q4 25
5.5%
Q3 25
1.5%
15.2%
Q2 25
2.1%
2.6%
Q1 25
1.1%
3.1%
Q4 24
0.8%
3.8%
Q3 24
1.2%
13.1%
Q2 24
1.3%
2.5%
Q1 24
2.6%
Cash Conversion
USNA
USNA
WAFD
WAFD
Q4 25
0.94×
Q3 25
3.91×
Q2 25
1.27×
0.94×
Q1 25
1.65×
1.28×
Q4 24
1.29×
1.05×
Q3 24
2.78×
7.18×
Q2 24
0.77×
0.98×
Q1 24
10.65×

Financial Flow Comparison

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

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