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Herbalife Ltd

HLF Consumer Defensive Packaged Foods

Herbalife Ltd’s revenue for fiscal 2025 (year ended December 2025) was $5.0 billion, up 0.89% from fiscal 2024.

Revenue
+6.01%
EPS
+29.4%
Free cash flow
+12.5%
Total debt
−4.40%

Quarter to September 2026, against a year earlier

14.94 0.37 −2.42%
Market cap
$1.6B
P/E
8.7×
Fwd P/E
8.5×
Dividend yield
—
F-score
5/9
Altman Z
2.38
Beneish M
−2.31
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.01
Sold, $m 2.55
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — 1 — — — — —
Sell — — — — — 2 — — — — — —
Insider Ownership 3.04%

Capital & Financial Ratios $m

Size
Market Cap 1,560.00
Revenue ttm 5,277.20
Net income ttm 176.90
Free cash flow ttm 337.10
Net debt Q 1,520.00
Valuation
P/E 8.67
Forward P/E 8.47
Price / sales 0.30
Forward P/S Powerpack
Price / FCF 4.66
Price / book 0.00
Financial health
Current ratio Q 1.19
Debt / equity Q (4.78) (negative: negative equity)
Interest coverage Q 4.34
Growth
Revenue growth Q +6.01% (above 0%: growing)
Operating income growth Q +10.10% (above 0%: growing)
EPS, this year +14.39%
EPS, next year A +24.99% (at or above 15%: strong)
Revenue, next year A +4.40%
EPS, past 5 yrs −4.50% (below 0%: weak)
EPS, next 5 yrs A +18.78% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.6×, against a ten-year median of 1.1×; over the ten years it ranged from 0.5× in 2025 to 2.0× in 2018.
P/E against its own 10 years 39.16%
10-year low 10-year high
P/S against its own 10 years 29.48%
10-year low 10-year high
EV/Sales against its own 10 years 18.59%
10-year low 10-year high
EV/FCF against its own 10 years 6.16%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 575 415 353 409
Receivables 81 69 92 117
Inventory 505 475 512 508
Other — — — —
1,399 1,144 1,145 1,228
2023 2024 2025 Q'26
Payables 84 70 100 94
ST’ Debt 310 284 21 12
Other 884 517 490 524
1,278 1,230 1,013 1,032

Compound Annual Growth %

10y 5y 3y
Sales 1.20% (1.89%) (1.08%)
Cash Flow (6.15%) (11.92%) (1.85%)
Earnings (3.88%) (9.33%) (10.77%)
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.73 Actual 0.64

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.48 0.45 Miss by 0.03
Q1 FY26 0.55 0.64 Beat by 0.09
Q2 FY26 0.63 0.51 Miss by 0.12
Q3 FY26 0.73 0.64 Miss by 0.09
Q4 FY26 0.75 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.57 (0.25) 0.53 — —
’25 0.49 0.48 0.42 0.81 2.20
’24 0.24 0.05 0.46 1.74 2.50
’23 0.29 0.60 0.43 0.10 1.42
’22 0.96 0.88 0.83 0.55 3.23
’21 1.33 1.31 1.09 0.37 4.13
’20 0.32 0.82 1.04 0.59 2.77
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,317 1,327 1,350 — —
’25 1,222 1,259 1,274 1,283 5,038
’24 1,264 1,281 1,240 1,207 4,993
’23 1,252 1,314 1,281 1,215 5,062
’22 1,336 1,393 1,295 1,181 5,204
’21 1,502 1,552 1,431 1,318 5,803
’20 1,262 1,347 1,522 1,411 5,542
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 114 33 151 — —
’25 0 96 139 98 333
’24 14 103 100 70 285
’23 46 136 80 96 358
’22 131 99 70 54 353
’21 110 177 88 85 460
’20 142 243 131 113 629
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 103 22 133 — —
’25 (18) 73 118 80 253
’24 (19) 66 72 44 163
’23 16 97 49 61 223
’22 89 64 32 11 196
’21 77 142 52 39 309
’20 117 218 105 76 517
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 4,488 4,428 4,892 4,877 5,542 5,803 5,204 5,062 4,993 5,038 5,277 +1.3% 5,259 5,390 5,558 +3.3%
Gross margin, % 80.96 80.83 81.21 80.36 79.24 78.64 77.45 76.47 77.88 77.87 77.61 (3.1) pt
EBT 365 471 464 451 516 561 425 203 169 275 245 (3.1%)
EBT margin, % 8.13 10.64 9.49 9.26 9.32 9.66 8.16 4.01 3.39 5.46 4.64 (2.7) pt
Net income 260 214 297 311 373 447 321 142 254 228 177 (1.5%)
Per share, $
Per share, $ Revenue 27.02 27.94 34.89 35.50 42.14 54.80 52.84 51.14 49.63 49.00 50.21 +6.8%
Earnings 1.57 1.35 2.12 2.26 2.83 4.22 3.26 1.44 2.53 2.22 1.72 +4.0%
Cash flow 2.21 3.73 4.62 3.33 4.78 4.35 3.58 3.61 2.84 3.24 3.77 +4.3%
Capex (0.86) (0.60) (0.60) (0.77) (0.85) (1.43) (1.59) (1.36) (1.21) (0.78) (0.56) (1.1%)
Free cash flow 1.35 3.12 4.03 2.56 3.93 2.92 1.99 2.25 1.62 2.46 3.21 +6.9%
Book value 1.18 (2.11) (5.16) (2.84) (6.51) (13.14) (12.85) (10.71) (7.96) (4.96) (3.84) n/m
Shares, m 166 159 140 137 132 106 99 99 101 103 104 (5.2%)
Valuation, ×
Valuation, × P/E 15.72 27.21 28.00 21.09 16.92 9.79 4.59 10.74 2.65 5.78 8.67 14.3
P/S 0.91 1.24 1.69 1.34 1.14 0.75 0.28 0.30 0.13 0.26 0.30 0.8
P/B 20.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.1
EV/Sales 1.04 1.46 1.95 1.54 1.39 1.12 0.70 0.69 0.50 0.59 0.59 1.1
EV/FCF 20.95 13.06 16.87 21.38 14.91 21.03 18.63 15.77 15.41 11.72 9.17 17.0
Cash, $m
Cash, $m Operating cash flow 367 591 648 458 629 460 353 358 285 333 396 (1.1%)
Capex (143) (95) (84) (106) (112) (151) (156) (135) (122) (80) (59) (6.2%)
Free cash flow 224 495 564 351 517 309 196 223 163 253 337 +1.4%
Balance, $m
Balance, $m Working capital 671 954 216 524 649 351 380 122 (87) 132 197 (16.5%)
Net debt 604 989 1,255 964 1,383 2,161 2,184 1,987 1,845 1,640 1,520 +11.7%
Shareholders’ equity 196 (335) (723) (390) (856) (1,391) (1,266) (1,060) (801) (509) (404) n/m
Returns, %
Returns, % ROA 10.31 7.83 10.43 11.37 12.95 15.17 11.57 5.13 9.18 8.28 6.44 (2.0) pt
ROIC 35.78 58.92 80.33 61.90 75.99 59.62 37.11 24.03 23.11 26.60 28.27 (9.2) pt
ROE 364.15 (309.10) (56.06) (55.86) (59.80) (39.79) (24.18) (12.23) (27.32) (34.84) (35.61) (399.0) pt
People
People Employees 8,300 8,300 8,900 9,500 9,900 10,800 10,100 9,200 8,600 8,500 — +0.3%
Revenue/emp, $m 0.54 0.53 0.55 0.51 0.56 0.54 0.52 0.55 0.58 0.59 — +1.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Herbalife Ltd vs peers in Packaged Foods (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UTZ Utz Brands, Inc. $2.1B — (loss-making) 21.0× +1.39% (above 0%: growing) n/m +93.40% (above 0%: growing) 25.87% (1.48%) Compare
JJSF J & J Snack Foods Corp. $1.7B 34.7× 25.9× −6.24% (below 0%: shrinking) −16.74% (below 0%: shrinking) +4.83% (above 0%: growing) 35.45% 10.86% Compare
NOMD Nomad Foods Limited $1.7B 11.8× 9.1× −0.76% (below 0%: shrinking) −2.38% (below 0%: shrinking) +24.23% (above 0%: growing) 28.91% 12.24% Compare
HLF Herbalife Ltd $1.6B 8.7× 8.5× +6.01% (above 0%: growing) +29.36% (above 0%: growing) +12.54% (above 0%: growing) 77.33% 10.26%
FLO Flowers Foods, Inc. $1.5B 27.1× 10.1× −4.02% (below 0%: shrinking) −32.14% (below 0%: shrinking) +9.81% (above 0%: growing) 48.45% 5.71% Compare
BRBR BellRing Brands Inc. $1.1B 6.9× 7.8× +4.18% (above 0%: growing) +70.59% (above 0%: growing) +100.52% (above 0%: growing) 28.63% 11.47% Compare
SMPL The Simply Good Foods Company $1.1B — (loss-making) — (loss-making) −9.68% (below 0%: shrinking) n/m +143.59% (above 0%: growing) 34.00% 13.77% Compare
WEST Westrock Coffee Company $1.0B — (loss-making) — (loss-making) −15.39% (below 0%: shrinking) n/m +102.49% (above 0%: growing) 13.82% 1.08% Compare
SENEA Seneca Foods Corp. $978.7M 8.3× 11.6× +7.08% (above 0%: growing) −0.46% (below 0%: shrinking) −307.08% (below 0%: shrinking) 12.50% 7.64% Compare
Median of peers $1.3B 11.8× 10.9× −2.39% −2.38% +58.82% 28.77% 9.25%

All 68 Packaged Foods stocks →

Pay and ownership Proxy statement filed 17 March 2026

Ownership

Directors and executive officers, together 5.12%
The Vanguard Group 12.08%
Nantahala Capital Management, LLC 8.40%
The Baupost Group, L.L.C. 8.33%
Route One Investment Company, L.P. 7.28%
BlackRock, Inc. 7.16%
Renaissance Technologies LLC 5.43%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Herbalife Ltd (HLF) Latest News

4 Nov

Impact 3 · · GuruFocus.com

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2 Nov

Impact 3 · · The Motley Fool transcript
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Impact 3 · · StockStory

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Impact 3 · · Simply Wall St.
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8 Oct

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1 Oct

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23 Sep

Impact 3 · · Simply Wall St.

15 Sep

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8 Sep

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31 Aug

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26 Aug

Impact 3 · · MarketBeat

20 Aug

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8 Aug

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6 Aug

Impact 3 ·
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5 Aug

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25 Jun

Impact 3 · · PR Newswire

29 May

Impact 3 · · StockStory

22 May

Impact 3 · · Insider Monkey

16 May

Impact 3 · · StockStory

14 May

Impact 3 · · Simply Wall St.

13 May

Impact 4 · · Simply Wall St.
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10 May

Impact 4 · · MarketBeat
stockrow.com/HLF · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com