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NATURAL ALTERNATIVES INTERNATIONAL INC（NAII）与FiscalNote Holdings, Inc.（NOTE）财务数据对比。点击上方公司名可切换其他公司
NATURAL ALTERNATIVES INTERNATIONAL INC的季度营收约是FiscalNote Holdings, Inc.的1.6倍（$34.8M vs $22.2M），NATURAL ALTERNATIVES INTERNATIONAL INC同比增速更快（2.1% vs -24.7%），FiscalNote Holdings, Inc.自由现金流更多（$-1.9M vs $-7.3M），过去两年NATURAL ALTERNATIVES INTERNATIONAL INC的营收复合增速更高（17.7% vs -16.8%）
天然替代品国际公司（NAI）是一家总部位于美国加利福尼亚州卡尔斯巴德的企业，主打营养补充剂生产，知名产品包括Juice Plus。公司由马克·A·勒杜创立于1980年，生产基地分布在美国加利福尼亚州维斯塔、瑞士与日本，在营养补充剂代工生产领域拥有多年经验。
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
NAII vs NOTE — 直观对比
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $34.8M | $22.2M |
| 净利润 | $-2.6M | — |
| 毛利率 | 7.2% | — |
| 营业利润率 | -5.3% | -83.7% |
| 净利率 | -7.3% | — |
| 营收同比 | 2.1% | -24.7% |
| 净利润同比 | -16.5% | — |
| 每股收益（稀释后） | $-0.42 | $-2.81 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $34.8M | $22.2M | ||
| Q3 25 | $37.7M | $22.4M | ||
| Q2 25 | $33.9M | $23.3M | ||
| Q1 25 | $28.8M | $27.5M | ||
| Q4 24 | $34.1M | $29.5M | ||
| Q3 24 | $33.1M | $29.4M | ||
| Q2 24 | $29.5M | $29.2M | ||
| Q1 24 | $25.1M | $32.1M |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-291.0K | $-24.9M | ||
| Q2 25 | $-7.2M | $-13.3M | ||
| Q1 25 | $-2.2M | $-4.3M | ||
| Q4 24 | $-2.2M | — | ||
| Q3 24 | $-2.0M | $-14.9M | ||
| Q2 24 | $-1.9M | $-12.8M | ||
| Q1 24 | $-1.6M | $50.6M |
| Q4 25 | 7.2% | — | ||
| Q3 25 | 11.7% | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | 6.3% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 4.8% | — | ||
| Q1 24 | 7.6% | — |
| Q4 25 | -5.3% | -83.7% | ||
| Q3 25 | 0.8% | -43.4% | ||
| Q2 25 | -5.7% | -31.9% | ||
| Q1 25 | -7.3% | -50.0% | ||
| Q4 24 | -8.2% | -19.4% | ||
| Q3 24 | -5.5% | -23.1% | ||
| Q2 24 | -8.6% | -27.2% | ||
| Q1 24 | -7.8% | -35.6% |
| Q4 25 | -7.3% | — | ||
| Q3 25 | -0.8% | -110.8% | ||
| Q2 25 | -21.3% | -57.0% | ||
| Q1 25 | -7.6% | -15.4% | ||
| Q4 24 | -6.4% | — | ||
| Q3 24 | -6.0% | -50.7% | ||
| Q2 24 | -6.4% | -43.6% | ||
| Q1 24 | -6.3% | 157.6% |
| Q4 25 | $-0.42 | $-2.81 | ||
| Q3 25 | $-0.05 | $-1.73 | ||
| Q2 25 | $-1.21 | $-0.08 | ||
| Q1 25 | $-0.37 | $-0.03 | ||
| Q4 24 | $-0.37 | $1.88 | ||
| Q3 24 | $-0.33 | $-1.33 | ||
| Q2 24 | $-0.32 | $-0.09 | ||
| Q1 24 | $-0.27 | $0.37 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.8M | $26.3M |
| 总债务越低越好 | — | $128.4M |
| 股东权益账面价值 | $67.0M | $62.0M |
| 总资产 | $153.3M | $255.1M |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
| Q4 25 | $3.8M | $26.3M | ||
| Q3 25 | $7.7M | $31.2M | ||
| Q2 25 | $12.3M | $38.5M | ||
| Q1 25 | $10.6M | $46.3M | ||
| Q4 24 | $8.7M | $34.6M | ||
| Q3 24 | $10.2M | $32.7M | ||
| Q2 24 | $12.0M | $37.7M | ||
| Q1 24 | $12.4M | $43.6M |
| Q4 25 | — | $128.4M | ||
| Q3 25 | — | $131.5M | ||
| Q2 25 | — | $116.7M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | $147.1M | ||
| Q3 24 | — | $152.2M | ||
| Q2 24 | — | $145.9M | ||
| Q1 24 | — | $153.0M |
| Q4 25 | $67.0M | $62.0M | ||
| Q3 25 | $69.0M | $75.5M | ||
| Q2 25 | $68.4M | $95.1M | ||
| Q1 25 | $76.6M | $98.7M | ||
| Q4 24 | $79.1M | $97.8M | ||
| Q3 24 | $80.2M | $98.5M | ||
| Q2 24 | $82.6M | $106.9M | ||
| Q1 24 | $84.1M | $106.1M |
| Q4 25 | $153.3M | $255.1M | ||
| Q3 25 | $156.9M | $273.9M | ||
| Q2 25 | $151.9M | $288.3M | ||
| Q1 25 | $154.9M | $299.7M | ||
| Q4 24 | $156.1M | $326.2M | ||
| Q3 24 | $161.3M | $337.9M | ||
| Q2 24 | $162.3M | $346.3M | ||
| Q1 24 | $153.2M | $357.8M |
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | — | 1.54× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.44× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-6.3M | $-279.0K |
| 自由现金流经营现金流 - 资本支出 | $-7.3M | $-1.9M |
| 自由现金流率自由现金流/营收 | -20.9% | -8.7% |
| 资本支出强度资本支出/营收 | 2.7% | 7.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-5.2M | $-18.6M |
8季度趋势，按日历期对齐
| Q4 25 | $-6.3M | $-279.0K | ||
| Q3 25 | $-4.0M | $-8.3M | ||
| Q2 25 | $3.3M | $-6.2M | ||
| Q1 25 | $6.0M | $3.3M | ||
| Q4 24 | $37.0K | $-1.3M | ||
| Q3 24 | $-3.4M | $-3.0M | ||
| Q2 24 | $-2.7M | $-3.7M | ||
| Q1 24 | $-3.6M | $2.7M |
| Q4 25 | $-7.3M | $-1.9M | ||
| Q3 25 | $-5.1M | $-10.4M | ||
| Q2 25 | $1.9M | $-7.7M | ||
| Q1 25 | $5.2M | $1.3M | ||
| Q4 24 | $-1.0M | $-3.4M | ||
| Q3 24 | $-3.7M | $-5.4M | ||
| Q2 24 | $-3.8M | $-6.5M | ||
| Q1 24 | $-3.9M | $1.0M |
| Q4 25 | -20.9% | -8.7% | ||
| Q3 25 | -13.4% | -46.2% | ||
| Q2 25 | 5.6% | -33.0% | ||
| Q1 25 | 18.0% | 4.7% | ||
| Q4 24 | -3.0% | -11.4% | ||
| Q3 24 | -11.3% | -18.4% | ||
| Q2 24 | -12.7% | -22.1% | ||
| Q1 24 | -15.5% | 3.3% |
| Q4 25 | 2.7% | 7.4% | ||
| Q3 25 | 2.7% | 9.3% | ||
| Q2 25 | 4.3% | 6.4% | ||
| Q1 25 | 2.8% | 7.2% | ||
| Q4 24 | 3.1% | 6.8% | ||
| Q3 24 | 0.9% | 8.3% | ||
| Q2 24 | 3.5% | 9.4% | ||
| Q1 24 | 1.1% | 5.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NAII
| Private Label Contract Manufacturing | $32.8M | 94% |
| Patent And Trademark Licensing | $2.0M | 6% |
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
