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Natural Alternatives International vs Mannatech: NAII and MTEX compared
Natural Alternatives International is the larger company: $34.5M of revenue in its latest quarter (Q4 FY26) against $26.6M for Mannatech (Q2 2026). Mannatech is growing faster (+4% against +2% a year earlier). Mannatech is more profitable, with an operating margin of 3.7% against -38.2%.
Where the money goes: NAII and MTEX
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.
Mannatech (MTEX) · Q2 2026
Mannatech, Q2 2026: revenue $26.6M (+4% year over year), operating margin 3.7%, net earnings $1.0M, operating cash flow −$792K. The chart follows the revenue to costs, profit and cash.
| Natural Alternatives International (NAII) | Mannatech (MTEX) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q2 2026 |
| Revenue | $34.5M | $26.6M |
| Revenue growth, Y/Y | +2% | +4% |
| Gross margin | — | 76.9% |
| Operating margin | -38.2% | 3.7% |
| Net earnings | −$13.5M | $1.0M |
| Net margin | -39.2% | 3.8% |
| Operating cash flow | −$1.1M | −$792K |
Where the revenue comes from
Mannatech
- Product: $26.2M (98%)
- Product and Service, Other: $400K (2%)
- Associate Service Fees: $100K (0%)
Questions
Which is bigger, Natural Alternatives International or Mannatech?
Natural Alternatives International is the larger company: $34.5M of revenue in its latest quarter (Q4 FY26) against $26.6M for Mannatech (Q2 2026).
Is Natural Alternatives International or Mannatech growing faster?
Mannatech is growing faster (+4% against +2% a year earlier).
Which is more profitable, Natural Alternatives International or Mannatech?
Mannatech is more profitable, with an operating margin of 3.7% against -38.2%.
More: Natural Alternatives International earnings · how Natural Alternatives International makes money · Mannatech earnings · how Mannatech makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Sep 28, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.