Filing Flows › Comparisons › BTMD vs NAII
biote vs Natural Alternatives International: BTMD and NAII compared
biote is the larger company: $43.3M of revenue in its latest quarter (Q3 2026) against $34.5M for Natural Alternatives International (Q4 FY26). Natural Alternatives International is growing faster (+2% against -10% a year earlier). biote is more profitable, with an operating margin of 5.7% against -38.2%.
Where the money goes: BTMD and NAII
biote (BTMD) · Q3 2026
biote, Q3 2026: revenue $43.3M (-10% year over year), operating margin 5.7%, net earnings $407K, operating cash flow $3.7M. The chart follows the revenue to costs, profit and cash.
Natural Alternatives International (NAII) · Q4 FY26
Natural Alternatives International, Q4 FY26: revenue $34.5M (+2% year over year), operating margin -38.2%, net loss $13.5M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| biote (BTMD) | Natural Alternatives International (NAII) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $43.3M | $34.5M |
| Revenue growth, Y/Y | -10% | +2% |
| Operating margin | 5.7% | -38.2% |
| Net earnings | $407K | −$13.5M |
| Net margin | 0.9% | -39.2% |
| Operating cash flow | $3.7M | −$1.1M |
| Free cash flow | $1.1M | — |
Where the revenue comes from
biote
- Product revenue: $42.6M (98%)
- Service revenue: $765K (2%)
Questions
Which is bigger, biote or Natural Alternatives International?
biote is the larger company: $43.3M of revenue in its latest quarter (Q3 2026) against $34.5M for Natural Alternatives International (Q4 FY26).
Is biote or Natural Alternatives International growing faster?
Natural Alternatives International is growing faster (+2% against -10% a year earlier).
Which is more profitable, biote or Natural Alternatives International?
biote is more profitable, with an operating margin of 5.7% against -38.2%.
More: biote earnings · how biote makes money · Natural Alternatives International earnings · how Natural Alternatives International makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Nov 4, 2026; 10-K filed Sep 28, 2026). Fiscal quarters can end on different dates. Not investment advice.