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. In the quarter to June 2026, revenue grew 5.38%, EPS fell 152.1%, free cash flow fell 70.5% and total debt fell 5.87%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

14.60 0.03 +0.21%
Market cap
$1.5B
P/E
9.1×
Fwd P/E
5.5×
Dividend yield
—
F-score
5/9
Altman Z
2.38
Beneish M
−2.31
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.18
Total sells 2.55
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 2 — — — — — — 1 — — — —
Sell — — — — — — 2 — — — — —
Insider Ownership 2.56%

Capital & Financial Ratios $m

Market Cap 1,530.00
Revenue 5,200.70
Net Income 162.90
Free Cash Flow 322.30
Net Debt 1,645.20
Current Ratio 1.20
Debt/Equity (4.32) (negative: negative equity)
P/E ratio 9.13
Fwd P/E 5.50
P/S ratio 0.29
P/B ratio 0.00
Past 5Y EPS Growth (4.50%) (below 0%: weak)
This Y EPS Growth 15.10% (at or above 15%: strong)
Next Y EPS Growth 24.97% (at or above 15%: strong)
Next Y revenue growth 4.40%
Next 5Y EPS Growth 18.73% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 40.95%
10-year low 10-year high
P/S against its own 10 years 28.60%
10-year low 10-year high
EV/Sales against its own 10 years 19.94%
10-year low 10-year high
EV/FCF against its own 10 years 6.89%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 575 415 353 371
Receivables 81 69 92 116
Inventory 505 475 512 508
Other — — — —
1,399 1,144 1,145 1,169
2023 2024 2025 Q'26
Payables 84 70 100 101
ST’ Debt 310 284 21 12
Other 884 517 490 482
1,278 1,230 1,013 974

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%

Revenue $m

Mar Jun Sep Dec Year
’26 1,317 1,327 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.57 (0.25) — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 21.13 24.10 33.76 33.62 20.73 36.52 12.04 11.14 6.21 5.04

Analyst estimates 2026–2028

Powerpack
High 36.11 39.82 60.41 61.77 52.89 59.00 45.80 21.33 15.43 15.17
People
People Employees 8,300 8,300 8,900 9,500 9,900 10,800 10,100 9,200 8,600 8,500
Revenue/emp, $m 0.54 0.53 0.55 0.51 0.56 0.54 0.52 0.55 0.58 0.59
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
Gross margin, % 80.96 80.83 81.21 80.36 79.24 78.64 77.45 76.47 77.88 77.87
EBT 365 471 464 451 516 561 425 203 169 275
EBT margin, % 8.13 10.64 9.49 9.26 9.32 9.66 8.16 4.01 3.39 5.46
Net income 260 214 297 311 373 447 321 142 254 228
Depreciation 98 100 100 98 100 108 115 113 121 121
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
Earnings 1.57 1.35 2.12 2.26 2.83 4.22 3.26 1.44 2.53 2.22
Cash flow 2.21 3.73 4.62 3.33 4.78 4.35 3.58 3.61 2.84 3.24
Capex (0.86) (0.60) (0.60) (0.77) (0.85) (1.43) (1.59) (1.36) (1.21) (0.78)
Free cash flow 1.35 3.12 4.03 2.56 3.93 2.92 1.99 2.25 1.62 2.46
Book value 1.18 (2.11) (5.16) (2.84) (6.51) (13.14) (12.85) (10.71) (7.96) (4.96)
Shares, m 166 159 140 137 132 106 99 99 101 103
Valuation, ×
Valuation, × P/E 15.72 27.21 28.00 21.09 16.92 9.79 4.59 10.74 2.65 5.78
P/S 0.91 1.24 1.69 1.34 1.14 0.75 0.28 0.30 0.13 0.26
P/B 20.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales 1.04 1.46 1.95 1.54 1.39 1.12 0.70 0.69 0.50 0.59
EV/FCF 20.95 13.06 16.87 21.38 14.91 21.03 18.63 15.77 15.41 11.72
Cash, $m
Cash, $m Operating cash flow 367 591 648 458 629 460 353 358 285 333
Capex (143) (95) (84) (106) (112) (151) (156) (135) (122) (80)
Free cash flow 224 495 564 351 517 309 196 223 163 253
Balance, $m
Balance, $m Working capital 671 954 216 524 649 351 380 122 (87) 132
Total debt 1,448 2,268 2,454 1,803 2,428 2,763 2,692 2,562 2,260 1,993
Net debt 604 989 1,255 964 1,383 2,161 2,184 1,987 1,845 1,640
Shareholders’ equity 196 (335) (723) (390) (856) (1,391) (1,266) (1,060) (801) (509)
Returns, %
Returns, % ROA 10.31 7.83 10.43 11.37 12.95 15.17 11.57 5.13 9.18 8.28
ROIC 35.78 58.92 80.33 61.90 75.99 59.62 37.11 24.03 23.11 26.60
ROE 364.15 (309.10) (56.06) (55.86) (59.80) (39.79) (24.18) (12.23) (27.32) (34.84)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
CENT Central Garden & Pet Company $2.3B 15.6× 13.9× −8.17% (below 0%: shrinking) −4.58% (below 0%: shrinking) +25.12% (above 0%: growing) 35.92% 14.26% Compare
CENTA Central Garden & Pet Company $2.3B 13.4× — −8.17% (below 0%: shrinking) −4.58% (below 0%: shrinking) +25.12% (above 0%: growing) 35.92% 14.26% Compare
UTZ Utz Brands, Inc. $2.1B — (loss-making) 9.2× +1.39% (above 0%: growing) n/m +93.40% (above 0%: growing) 25.87% (1.48%) Compare
NOMD Nomad Foods Limited $1.6B 11.5× 7.2× −0.76% (below 0%: shrinking) −2.38% (below 0%: shrinking) +24.23% (above 0%: growing) 28.91% 12.24% Compare
HLF Herbalife Ltd $1.5B 9.1× 5.5× +5.38% (above 0%: growing) n/m −70.49% (below 0%: shrinking) 77.67% 9.67%
JJSF J & J Snack Foods Corp. $1.5B 30.1× 23.2× −6.24% (below 0%: shrinking) −16.74% (below 0%: shrinking) +4.83% (above 0%: growing) 35.45% 10.86% Compare
FLO Flowers Foods, Inc. $1.3B 23.5× 11.0× −4.02% (below 0%: shrinking) −32.14% (below 0%: shrinking) +9.81% (above 0%: growing) 48.45% 5.71% Compare
SENEA Seneca Foods Corp. $1.2B 9.7× 13.4× +36.21% (above 0%: growing) +33.33% (above 0%: growing) +116.37% (above 0%: growing) 11.81% 6.47% Compare
BRBR BellRing Brands Inc. $1.1B 6.6× 6.3× +4.18% (above 0%: growing) +70.59% (above 0%: growing) +100.52% (above 0%: growing) 28.63% 11.47% Compare
Median of peers $1.5B 13.4× 11.0× −2.39% −4.58% +25.12% 32.18% 11.17%

All 71 Packaged Foods stocks →

Herbalife Ltd (HLF) key facts

  • Concern: Net income was $227.8 million, or $2.22 per share (basic), a net margin of 4.53%.
  • Strength: Herbalife Ltd’s revenue for fiscal 2025 (year ended December 2025) was $5.0 billion, up 0.89% from fiscal 2024.
  • Herbalife Ltd (HLF) is a Packaged Foods company in the Consumer Defensive sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, HLF traded at $14.60, a market capitalization of $1.5 billion.
  • At that price the stock trades at 9.1× trailing-twelve-month earnings and 0.3× sales; its P/E is higher than 41% of its own readings over the past ten years.
  • Return on equity was −34.8% and debt-to-equity -4.32.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.38 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Herbalife Ltd (HLF) Latest News

8 Aug

Impact 3 · transcript
stockrow.com/HLF · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com