NASDAQ : NHTC
Natural Health Trends Corp. — Financial statements
Consumer Discretionary · Internet Retail · United States
Last price 0.7531 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.46M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Natural Health Trends Corp. (NHTC) reported revenue of 34.12M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 34.12M | 39.78M | 42.96M | 43.92M | 49.13M | 60.01M |
| Cost of Revenue | 8.78M | 10.52M | 11.18M | 11.18M | 12.66M | 15.01M |
| Gross Profit | 25.34M | 29.25M | 31.79M | 32.75M | 36.47M | 44.99M |
| Selling, General & Admin | 27.36M | 31.06M | 33.08M | 34.42M | 36.74M | 43.42M |
| Operating Expenses | 27.36M | 31.06M | 33.08M | 34.42M | 36.74M | 43.42M |
| Operating Income | -2.03M | -1.81M | -1.30M | -1.67M | -270.00K | 1.57M |
| Currency Exchange Gain (Loss) | -90.00K | -90.00K | -230.00K | -292.00K | -272.00K | -248.00K |
| Other Non Operating Income (Expenses) | 909.00K | 1.33M | 2.15M | 2.71M | 1.14M | 187.00K |
| EBT Excluding Unusual Items | -1.21M | -567.00K | 620.00K | 745.00K | 602.00K | 1.51M |
| Pretax Income | -1.21M | -567.00K | 620.00K | 745.00K | 602.00K | 1.51M |
| Income Tax Expense | 215.00K | 315.00K | 48.00K | 177.00K | 289.00K | 425.00K |
| Net Income | -1.43M | -882.00K | 572.00K | 568.00K | 313.00K | 1.08M |
| Net Income to Common | -1.43M | -882.00K | 572.00K | 568.00K | 313.00K | 1.08M |
| Shares Outstanding (Basic) | 9.70M | 11.50M | 11.47M | 11.44M | 11.36M | 11.02M |
| Shares Outstanding (Diluted) | 9.70M | 11.50M | 11.49M | 11.46M | 11.42M | 11.42M |
| EPS (Basic) | -0.15 | -0.08 | 0.05 | 0.05 | 0.03 | 0.10 |
| EPS (Diluted) | -0.15 | -0.08 | 0.05 | 0.05 | 0.03 | 0.09 |
| Free Cash Flow | -4.66M | -6.07M | -3.42M | -4.32M | -5.00M | 791.00K |
| Free Cash Flow Per Share | -0.48 | -0.53 | -0.30 | -0.38 | -0.44 | 0.07 |
| Dividend Per Share | 0.20 | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 |
| Gross Margin | 74.26% | 73.54% | 73.98% | 74.56% | 74.23% | 74.98% |
| Operating Margin | -5.95% | -4.54% | -3.02% | -3.80% | -0.55% | 2.62% |
| Profit Margin | -4.18% | -2.22% | 1.33% | 1.29% | 0.64% | 1.81% |
| Free Cash Flow Margin | -13.67% | -15.25% | -7.97% | -9.84% | -10.17% | 1.32% |
| EBITDA | -1.94M | -1.70M | -1.17M | -1.51M | -66.00K | 1.87M |
| EBITDA Margin | -5.68% | -4.27% | -2.72% | -3.43% | -0.13% | 3.12% |
| D&A For EBITDA | 90.00K | 109.00K | 131.00K | 164.00K | 204.00K | 299.00K |
| EBIT | -2.03M | -1.81M | -1.30M | -1.67M | -270.00K | 1.57M |
| EBIT Margin | -5.95% | -4.54% | -3.02% | -3.80% | -0.55% | 2.62% |
| Effective Tax Rate | 7.74% | 23.76% | 48.01% | 28.15% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.82M | 6.81M | 13.53M | 56.18M | 69.67M | 83.84M |
| Short-Term Investments | 11.77M | 22.06M | 30.41M | |||
| Cash & Short-Term Investments | 17.59M | 28.87M | 43.94M | 56.18M | 69.67M | 83.84M |
| Inventory | 2.05M | 2.05M | 3.27M | 4.29M | 4.53M | 5.26M |
| Other Current Assets | 2.33M | 3.27M | 3.77M | 3.76M | 3.36M | 4.37M |
| Total Current Assets | 21.96M | 34.19M | 50.98M | 64.23M | 77.55M | 93.47M |
| Property, Plant & Equipment | 2.96M | 2.02M | 2.69M | 3.58M | 4.39M | 3.48M |
| Long-Term Deferred Tax Assets | 289.00K | 289.00K | 382.00K | 369.00K | 195.00K | 309.00K |
| Other Long-Term Assets | 2.04M | 1.92M | 1.31M | 908.00K | 685.00K | 1.09M |
| Total Assets | 27.26M | 38.43M | 55.36M | 69.09M | 82.82M | 98.36M |
| Accounts Payable | 1.21M | 555.00K | 895.00K | 990.00K | 810.00K | 761.00K |
| Accrued Expenses | 2.54M | 3.30M | 3.36M | 3.16M | 4.05M | 5.43M |
| Current Portion of Leases | 833.00K | 869.00K | 1.13M | 1.15M | 1.14M | 1.24M |
| Current Income Taxes Payable | 5.00K | 4.91M | 3.72M | 2.97M | 1.34M | |
| Current Unearned Revenue | 3.00M | 5.57M | 6.43M | 6.17M | 5.60M | 8.54M |
| Other Current Liabilities | 2.76M | 3.39M | 4.08M | 4.81M | 5.87M | 7.34M |
| Total Current Liabilities | 10.33M | 13.69M | 20.80M | 19.98M | 20.44M | 24.66M |
| Long-Term Leases | 1.75M | 1.13M | 1.51M | 2.32M | 2.99M | 1.93M |
| Long-Term Deferred Tax Liabilities | 178.00K | 180.00K | 174.00K | 135.00K | 141.00K | 153.00K |
| Other Long-Term Liabilities | 5.05M | 9.10M | 12.13M | |||
| Total Liabilities | 12.26M | 15.00M | 22.49M | 27.49M | 32.67M | 38.87M |
| Common Stock | 13.00K | 13.00K | 13.00K | 13.00K | 13.00K | 13.00K |
| Additional Paid-In Capital | 85.03M | 85.03M | 84.90M | 84.69M | 86.10M | 86.10M |
| Retained Earnings | -38.99M | -36.44M | -26.34M | -17.70M | -9.06M | -231.00K |
| Treasury Stock | -30.39M | -24.40M | -24.40M | -24.34M | -25.90M | -25.90M |
| Comprehensive Income & Other | -667.00K | -784.00K | -1.30M | -1.07M | -1.00M | -492.00K |
| Shareholders' Equity | 15.00M | 23.43M | 32.87M | 41.60M | 50.15M | 59.49M |
| Total Liabilities & Equity | 27.26M | 38.43M | 55.36M | 69.09M | 82.82M | 98.36M |
| Total Debt | 2.58M | 2.00M | 2.64M | 3.46M | 4.12M | 3.17M |
| Net Cash (Debt) | 15.00M | 26.87M | 41.30M | 52.71M | 65.54M | 80.68M |
| Net Cash Per Share | 1.55 | 2.34 | 3.59 | 4.60 | 5.74 | 7.06 |
| Filing Date Shares Outstanding | 8.49M | 8.58M | 11.48M | 11.45M | 11.52M | 11.24M |
| Total Common Shares Outstanding | 8.55M | 11.51M | 11.48M | 11.45M | 11.42M | 11.24M |
| Working Capital | 11.63M | 20.51M | 30.18M | 44.24M | 57.11M | 68.81M |
| Book Value Per Share | 1.75 | 2.03 | 2.86 | 3.63 | 4.39 | 5.29 |
| Tangible Book Value | 15.00M | 23.43M | 32.87M | 41.60M | 50.15M | 59.49M |
| Tangible Book Value Per Share | 1.75 | 2.03 | 2.86 | 3.63 | 4.39 | 5.29 |
| Machinery | 666.00K | 718.00K | 699.00K | 731.00K | 734.00K | |
| Construction In Progress | 40.00K | 30.00K | 173.00K | |||
| Leasehold Improvements | 554.00K | 753.00K | 760.00K | 981.00K | 814.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.43M | -882.00K | 572.00K | 568.00K | 313.00K | 1.08M |
| Depreciation & Amortization | 90.00K | 109.00K | 131.00K | 164.00K | 204.00K | 299.00K |
| Loss (Gain) From Sale of Investments | -104.00K | -375.00K | -441.00K | |||
| Stock-Based Compensation | 29.00K | 132.00K | 145.00K | 161.00K | ||
| Other Operating Activities | 1.05M | 1.24M | 1.10M | 931.00K | 1.26M | 1.52M |
| Change in Inventory | 88.00K | 1.27M | 1.00M | 228.00K | 680.00K | -1.55M |
| Change in Accounts Payable | 164.00K | -341.00K | -94.00K | 181.00K | 52.00K | 182.00K |
| Change in Unearned Revenue | -2.97M | -854.00K | 245.00K | 565.00K | -2.90M | 5.48M |
| Change in Income Taxes | -4.90M | -4.90M | -3.86M | -3.30M | -1.40M | -1.75M |
| Change in Other Net Operating Assets | 3.77M | -1.40M | -2.17M | -3.78M | -3.06M | -4.26M |
| Operating Cash Flow | -4.21M | -6.00M | -3.37M | -4.28M | -4.85M | 1.02M |
| Capital Expenditures | -452.00K | -68.00K | -57.00K | -46.00K | -143.00K | -225.00K |
| Investment in Securities | 5.86M | 8.22M | -30.02M | |||
| Investing Cash Flow | 5.41M | 8.15M | -30.07M | -46.00K | -143.00K | -225.00K |
| Repurchase of Common Stock | -5.90M | |||||
| Common Dividends Paid | -4.02M | -9.21M | -9.21M | -9.21M | -9.14M | -9.14M |
| Financing Cash Flow | -9.91M | -9.21M | -9.21M | -9.21M | -9.14M | -9.14M |
| Foreign Exchange Rate Adjustments | 174.00K | 312.00K | 5.00K | 10.00K | -486.00K | -180.00K |
| Net Cash Flow | -8.55M | -6.75M | -42.65M | -13.53M | -14.62M | -8.53M |
| Free Cash Flow | -4.66M | -6.07M | -3.42M | -4.32M | -5.00M | 791.00K |
| Free Cash Flow Margin | -13.67% | -15.25% | -7.97% | -9.84% | -10.17% | 1.32% |
| Free Cash Flow Per Share | -0.48 | -0.53 | -0.30 | -0.38 | -0.44 | 0.07 |
| Levered Free Cash Flow | -4.37M | -6.09M | 1.72M | -846.38K | -1.90M | 2.65M |
| Unlevered Free Cash Flow | -4.37M | -6.09M | 1.72M | -846.38K | -1.90M | 2.65M |
| Cash Income Tax Paid | 4.92M | 4.92M | 3.96M | 3.53M | 1.66M | 1.86M |
| Change in Working Capital | -3.85M | -6.22M | -4.88M | -6.10M | -6.63M | -1.89M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.50M | 35.53M | 53.02M | 67.08M | 39.18M | 75.32M |
| Enterprise Value | -8.50M | 5.69M | 9.63M | 12.39M | -27.12M | -5.81M |
| Last Close Price | 0.75 | 2.91 | 3.66 | 4.14 | 2.11 | 3.65 |
| PE Ratio | 92.70 | 118.09 | 125.17 | 69.42 | ||
| PS Ratio | 0.19 | 0.89 | 1.23 | 1.53 | 0.80 | 1.25 |
| PB Ratio | 0.43 | 1.52 | 1.61 | 1.61 | 0.78 | 1.27 |
| P/TBV Ratio | 0.43 | 1.52 | 1.61 | 1.61 | 0.78 | 1.27 |
| P/FCF Ratio | 95.22 | |||||
| P/OCF Ratio | 74.13 | |||||
| EV/Sales Ratio | 0.14 | 0.22 | 0.28 | |||
| Debt / Equity Ratio | 0.17 | 0.09 | 0.08 | 0.08 | 0.08 | 0.05 |
| Debt / EBITDA Ratio | 10.40 | 2.99 | 0.94 | |||
| Debt / FCF Ratio | 4.00 | |||||
| Net Debt / Equity Ratio | -1.00 | -1.15 | -1.26 | -1.27 | -1.31 | -1.36 |
| Net Debt / EBITDA Ratio | 7.74 | 15.82 | 35.36 | 34.98 | 993.08 | -43.14 |
| Net Debt / FCF Ratio | 3.22 | 4.43 | 12.06 | 12.19 | 13.12 | -101.99 |
| Asset Turnover | 0.98 | 0.85 | 0.69 | 0.58 | 0.54 | 0.59 |
| Inventory Turnover | 4.18 | 3.96 | 2.96 | 2.54 | 2.59 | 3.32 |
| Quick Ratio | 1.70 | 2.11 | 2.11 | 2.81 | 3.41 | 3.40 |
| Current Ratio | 2.13 | 2.50 | 2.45 | 3.21 | 3.79 | 3.79 |
| Return on Equity (ROE) | -6.93% | -3.13% | 1.54% | 1.24% | 0.57% | 1.71% |
| Return on Assets (ROA) | -3.65% | -2.41% | -1.31% | -1.38% | -0.19% | 0.96% |
| Return on Capital Employed (ROCE) | -12.00% | -7.30% | -3.80% | -3.40% | -0.40% | 2.10% |
| Earnings Yield | -19.21% | -2.48% | 1.08% | 0.85% | 0.80% | 1.44% |
| FCF Yield | -72.92% | -17.07% | -6.46% | -6.45% | -12.75% | 1.05% |
| Dividend Yield | 52.28% | 25.92% | 17.33% | 13.66% | 23.32% | 11.94% |
| Payout Ratio | 1,610.66% | 1,622.36% | 2,919.49% | 842.21% | ||
| Buyback Yield / Dilution | 15.60% | -0.05% | -0.30% | -0.29% | -3.13% | 0.01% |
| Total Shareholder Return | 68.71% | 25.87% | 17.03% | 13.37% | 20.19% | 11.94% |