vs
NATURAL ALTERNATIVES INTERNATIONAL INC（NAII）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
REGIS CORP的季度营收约是NATURAL ALTERNATIVES INTERNATIONAL INC的1.6倍（$57.1M vs $34.8M），REGIS CORP净利率更高（0.8% vs -7.3%，领先8.1%），REGIS CORP同比增速更快（22.3% vs 2.1%），REGIS CORP自由现金流更多（$891.0K vs $-7.3M），过去两年NATURAL ALTERNATIVES INTERNATIONAL INC的营收复合增速更高（17.7% vs 7.8%）
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。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
NAII vs RGS — 直观对比
营收规模更大
RGS
是对方的1.6倍
$34.8M
营收增速更快
RGS
高出20.2%
2.1%
净利率更高
RGS
高出8.1%
-7.3%
自由现金流更多
RGS
多$8.2M
$-7.3M
两年增速更快
NAII
近两年复合增速
7.8%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $34.8M | $57.1M |
| 净利润 | $-2.6M | $456.0K |
| 毛利率 | 7.2% | — |
| 营业利润率 | -5.3% | 10.8% |
| 净利率 | -7.3% | 0.8% |
| 营收同比 | 2.1% | 22.3% |
| 净利润同比 | -16.5% | -94.0% |
| 每股收益（稀释后） | $-0.42 | $0.16 |
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
营收NAIIRGS
| Q4 25 | $34.8M | $57.1M | ||
| Q3 25 | $37.7M | $59.0M | ||
| Q2 25 | $33.9M | $60.4M | ||
| Q1 25 | $28.8M | $57.0M | ||
| Q4 24 | $34.1M | $46.7M | ||
| Q3 24 | $33.1M | $46.1M | ||
| Q2 24 | $29.5M | $49.4M | ||
| Q1 24 | $25.1M | $49.2M |
净利润NAIIRGS
| Q4 25 | $-2.6M | $456.0K | ||
| Q3 25 | $-291.0K | $1.4M | ||
| Q2 25 | $-7.2M | $116.5M | ||
| Q1 25 | $-2.2M | $250.0K | ||
| Q4 24 | $-2.2M | $7.6M | ||
| Q3 24 | $-2.0M | $-853.0K | ||
| Q2 24 | $-1.9M | $91.2M | ||
| Q1 24 | $-1.6M | $-2.3M |
毛利率NAIIRGS
| 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% | — |
营业利润率NAIIRGS
| Q4 25 | -5.3% | 10.8% | ||
| Q3 25 | 0.8% | 10.0% | ||
| Q2 25 | -5.7% | 12.1% | ||
| Q1 25 | -7.3% | 8.8% | ||
| Q4 24 | -8.2% | 11.8% | ||
| Q3 24 | -5.5% | 4.6% | ||
| Q2 24 | -8.6% | — | ||
| Q1 24 | -7.8% | 8.3% |
净利率NAIIRGS
| Q4 25 | -7.3% | 0.8% | ||
| Q3 25 | -0.8% | 2.3% | ||
| Q2 25 | -21.3% | 192.9% | ||
| Q1 25 | -7.6% | 0.4% | ||
| Q4 24 | -6.4% | 16.4% | ||
| Q3 24 | -6.0% | -1.9% | ||
| Q2 24 | -6.4% | 184.7% | ||
| Q1 24 | -6.3% | -4.7% |
每股收益（稀释后）NAIIRGS
| Q4 25 | $-0.42 | $0.16 | ||
| Q3 25 | $-0.05 | $0.49 | ||
| Q2 25 | $-1.21 | $43.67 | ||
| Q1 25 | $-0.37 | $0.08 | ||
| Q4 24 | $-0.37 | $2.71 | ||
| Q3 24 | $-0.33 | $-0.36 | ||
| Q2 24 | $-0.32 | $38.40 | ||
| Q1 24 | $-0.27 | $-1.00 |
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 | $18.4M |
| 总债务越低越好 | — | $113.3M |
| 股东权益账面价值 | $67.0M | $188.7M |
| 总资产 | $153.3M | $588.3M |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资NAIIRGS
| Q4 25 | $3.8M | $18.4M | ||
| Q3 25 | $7.7M | $16.6M | ||
| Q2 25 | $12.3M | $17.0M | ||
| Q1 25 | $10.6M | $13.3M | ||
| Q4 24 | $8.7M | $10.2M | ||
| Q3 24 | $10.2M | $6.3M | ||
| Q2 24 | $12.0M | $10.1M | ||
| Q1 24 | $12.4M | $5.9M |
总债务NAIIRGS
| Q4 25 | — | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
股东权益NAIIRGS
| Q4 25 | $67.0M | $188.7M | ||
| Q3 25 | $69.0M | $187.6M | ||
| Q2 25 | $68.4M | $185.6M | ||
| Q1 25 | $76.6M | $68.6M | ||
| Q4 24 | $79.1M | $66.7M | ||
| Q3 24 | $80.2M | $56.4M | ||
| Q2 24 | $82.6M | $56.8M | ||
| Q1 24 | $84.1M | $-35.8M |
总资产NAIIRGS
| Q4 25 | $153.3M | $588.3M | ||
| Q3 25 | $156.9M | $592.1M | ||
| Q2 25 | $151.9M | $599.0M | ||
| Q1 25 | $154.9M | $511.2M | ||
| Q4 24 | $156.1M | $530.1M | ||
| Q3 24 | $161.3M | $508.9M | ||
| Q2 24 | $162.3M | $530.5M | ||
| Q1 24 | $153.2M | $543.7M |
负债/权益比NAIIRGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | — |
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 | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $-7.3M | $891.0K |
| 自由现金流率自由现金流/营收 | -20.9% | 1.6% |
| 资本支出强度资本支出/营收 | 2.7% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 3.65× |
| 过去12个月自由现金流最近4个季度 | $-5.2M | $14.9M |
8季度趋势，按日历期对齐
经营现金流NAIIRGS
| Q4 25 | $-6.3M | $1.7M | ||
| Q3 25 | $-4.0M | $2.3M | ||
| Q2 25 | $3.3M | $6.8M | ||
| Q1 25 | $6.0M | $6.2M | ||
| Q4 24 | $37.0K | $2.1M | ||
| Q3 24 | $-3.4M | $-1.3M | ||
| Q2 24 | $-2.7M | $5.1M | ||
| Q1 24 | $-3.6M | $-277.0K |
自由现金流NAIIRGS
| Q4 25 | $-7.3M | $891.0K | ||
| Q3 25 | $-5.1M | $1.9M | ||
| Q2 25 | $1.9M | $6.2M | ||
| Q1 25 | $5.2M | $5.9M | ||
| Q4 24 | $-1.0M | $1.7M | ||
| Q3 24 | $-3.7M | $-1.4M | ||
| Q2 24 | $-3.8M | $5.1M | ||
| Q1 24 | $-3.9M | $-326.0K |
自由现金流率NAIIRGS
| Q4 25 | -20.9% | 1.6% | ||
| Q3 25 | -13.4% | 3.2% | ||
| Q2 25 | 5.6% | 10.3% | ||
| Q1 25 | 18.0% | 10.3% | ||
| Q4 24 | -3.0% | 3.6% | ||
| Q3 24 | -11.3% | -3.0% | ||
| Q2 24 | -12.7% | 10.3% | ||
| Q1 24 | -15.5% | -0.7% |
资本支出强度NAIIRGS
| Q4 25 | 2.7% | 1.4% | ||
| Q3 25 | 2.7% | 0.7% | ||
| Q2 25 | 4.3% | 0.9% | ||
| Q1 25 | 2.8% | 0.6% | ||
| Q4 24 | 3.1% | 0.9% | ||
| Q3 24 | 0.9% | 0.0% | ||
| Q2 24 | 3.5% | 0.0% | ||
| Q1 24 | 1.1% | 0.1% |
现金转化率NAIIRGS
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 24.80× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | — | — |
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% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
