vs
NATURAL ALTERNATIVES INTERNATIONAL INC（NAII）与合众银行（WASH）财务数据对比。点击上方公司名可切换其他公司
合众银行的季度营收约是NATURAL ALTERNATIVES INTERNATIONAL INC的1.7倍（$57.8M vs $34.8M），合众银行净利率更高（21.8% vs -7.3%，领先29.1%），过去两年NATURAL ALTERNATIVES INTERNATIONAL INC的营收复合增速更高（17.7% vs 9.5%）
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。
美国合众银行是一家美国跨国金融机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年，该银行为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构。它主营银行、投资、抵押贷款等多元金融业务。
NAII vs WASH — 直观对比
营收规模更大
WASH
是对方的1.7倍
$34.8M
净利率更高
WASH
高出29.1%
-7.3%
两年增速更快
NAII
近两年复合增速
9.5%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $34.8M | $57.8M |
| 净利润 | $-2.6M | $12.6M |
| 毛利率 | 7.2% | — |
| 营业利润率 | -5.3% | — |
| 净利率 | -7.3% | 21.8% |
| 营收同比 | 2.1% | — |
| 净利润同比 | -16.5% | 3.5% |
| 每股收益（稀释后） | $-0.42 | $0.66 |
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NAIIWASH
| Q1 26 | — | $57.8M | ||
| Q4 25 | $34.8M | $59.3M | ||
| Q3 25 | $37.7M | $56.5M | ||
| Q2 25 | $33.9M | $54.3M | ||
| Q1 25 | $28.8M | $59.1M | ||
| Q4 24 | $34.1M | $12.4M | ||
| Q3 24 | $33.1M | $48.5M | ||
| Q2 24 | $29.5M | $48.2M |
净利润NAIIWASH
| Q1 26 | — | $12.6M | ||
| Q4 25 | $-2.6M | $16.0M | ||
| Q3 25 | $-291.0K | $10.8M | ||
| Q2 25 | $-7.2M | $13.2M | ||
| Q1 25 | $-2.2M | $12.2M | ||
| Q4 24 | $-2.2M | $-60.8M | ||
| Q3 24 | $-2.0M | $11.0M | ||
| Q2 24 | $-1.9M | $10.8M |
毛利率NAIIWASH
| Q1 26 | — | — | ||
| 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% | — |
营业利润率NAIIWASH
| Q1 26 | — | — | ||
| Q4 25 | -5.3% | 34.9% | ||
| Q3 25 | 0.8% | 24.7% | ||
| Q2 25 | -5.7% | 31.6% | ||
| Q1 25 | -7.3% | 26.5% | ||
| Q4 24 | -8.2% | -648.7% | ||
| Q3 24 | -5.5% | 28.5% | ||
| Q2 24 | -8.6% | 28.7% |
净利率NAIIWASH
| Q1 26 | — | 21.8% | ||
| Q4 25 | -7.3% | 27.0% | ||
| Q3 25 | -0.8% | 19.2% | ||
| Q2 25 | -21.3% | 24.4% | ||
| Q1 25 | -7.6% | 20.6% | ||
| Q4 24 | -6.4% | -491.4% | ||
| Q3 24 | -6.0% | 22.6% | ||
| Q2 24 | -6.4% | 22.4% |
每股收益（稀释后）NAIIWASH
| Q1 26 | — | $0.66 | ||
| Q4 25 | $-0.42 | $0.84 | ||
| Q3 25 | $-0.05 | $0.56 | ||
| Q2 25 | $-1.21 | $0.68 | ||
| Q1 25 | $-0.37 | $0.63 | ||
| Q4 24 | $-0.37 | $-3.54 | ||
| Q3 24 | $-0.33 | $0.64 | ||
| Q2 24 | $-0.32 | $0.63 |
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 | $12.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $67.0M | $546.8M |
| 总资产 | $153.3M | $6.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NAIIWASH
| Q1 26 | — | $12.3M | ||
| Q4 25 | $3.8M | — | ||
| Q3 25 | $7.7M | — | ||
| Q2 25 | $12.3M | — | ||
| Q1 25 | $10.6M | — | ||
| Q4 24 | $8.7M | — | ||
| Q3 24 | $10.2M | — | ||
| Q2 24 | $12.0M | — |
股东权益NAIIWASH
| Q1 26 | — | $546.8M | ||
| Q4 25 | $67.0M | $543.6M | ||
| Q3 25 | $69.0M | $533.0M | ||
| Q2 25 | $68.4M | $527.5M | ||
| Q1 25 | $76.6M | $521.7M | ||
| Q4 24 | $79.1M | $499.7M | ||
| Q3 24 | $80.2M | $502.2M | ||
| Q2 24 | $82.6M | $471.0M |
总资产NAIIWASH
| Q1 26 | — | $6.5B | ||
| Q4 25 | $153.3M | $6.6B | ||
| Q3 25 | $156.9M | $6.7B | ||
| Q2 25 | $151.9M | $6.7B | ||
| Q1 25 | $154.9M | $6.6B | ||
| Q4 24 | $156.1M | $6.9B | ||
| Q3 24 | $161.3M | $7.1B | ||
| Q2 24 | $162.3M | $7.2B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-7.3M | — |
| 自由现金流率自由现金流/营收 | -20.9% | — |
| 资本支出强度资本支出/营收 | 2.7% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流NAIIWASH
| Q1 26 | — | — | ||
| Q4 25 | $-6.3M | $80.3M | ||
| Q3 25 | $-4.0M | $39.6M | ||
| Q2 25 | $3.3M | $11.3M | ||
| Q1 25 | $6.0M | $8.4M | ||
| Q4 24 | $37.0K | $57.7M | ||
| Q3 24 | $-3.4M | $25.7M | ||
| Q2 24 | $-2.7M | $11.2M |
自由现金流NAIIWASH
| Q1 26 | — | — | ||
| Q4 25 | $-7.3M | $78.3M | ||
| Q3 25 | $-5.1M | $39.3M | ||
| Q2 25 | $1.9M | $10.9M | ||
| Q1 25 | $5.2M | $8.4M | ||
| Q4 24 | $-1.0M | $53.7M | ||
| Q3 24 | $-3.7M | $24.4M | ||
| Q2 24 | $-3.8M | $9.6M |
自由现金流率NAIIWASH
| Q1 26 | — | — | ||
| Q4 25 | -20.9% | 132.2% | ||
| Q3 25 | -13.4% | 69.6% | ||
| Q2 25 | 5.6% | 20.2% | ||
| Q1 25 | 18.0% | 14.2% | ||
| Q4 24 | -3.0% | 433.8% | ||
| Q3 24 | -11.3% | 50.4% | ||
| Q2 24 | -12.7% | 19.8% |
资本支出强度NAIIWASH
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 3.4% | ||
| Q3 25 | 2.7% | 0.6% | ||
| Q2 25 | 4.3% | 0.7% | ||
| Q1 25 | 2.8% | 0.1% | ||
| Q4 24 | 3.1% | 32.3% | ||
| Q3 24 | 0.9% | 2.6% | ||
| Q2 24 | 3.5% | 3.4% |
现金转化率NAIIWASH
| Q1 26 | — | — | ||
| Q4 25 | — | 5.03× | ||
| Q3 25 | — | 3.65× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 1.03× |
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% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |
