Nature's Sunshine Products, Inc.
NATR Consumer Defensive Packaged Foods
Nature's Sunshine Products, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $480.1 million, up 5.67% from fiscal 2024. In the quarter to June 2026, revenue grew 1.95%, EPS fell 31.0% and free cash flow fell 164.9%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.
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Nature's Sunshine Products, Inc. (NATR) Altman Z-score
Nature's Sunshine Products, Inc.'s Altman Z-score for fiscal 2025 is 5.37, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 5.37 | 0.35 |
| FY2024 | 5.02 | 0.09 |
| FY2023 | 4.93 | 1.04 |
| FY2022 | 3.89 | (1.13) |
| FY2021 | 5.02 | 0.74 |
| FY2020 | 4.28 | 0.75 |
| FY2019 | 3.53 | 0.02 |
| FY2018 | 3.51 | (0.29) |
| FY2017 | 3.80 | (0.60) |
| FY2016 | 4.39 | 0.37 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.38 | — | 0.46 | |
| Retained earnings / total assets | 0.29 | — | 0.41 | |
| EBIT / total assets | 0.09 | — | 0.31 | |
| Market value of equity / total liabilities | 3.90 | — | 2.34 | |
| Sales / total assets | 1.84 | — | 1.84 | |
| Altman Z-score | Safe zone | 5.37 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.82 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| LWAY Lifeway Foods, Inc. compare | 15.1× |
| NATR Nature's Sunshine Products, Inc. | 5.4× |
| USNA USANA Health Sciences, Inc. compare | 3.6× |
| WYHG Wing Yip Food Holdings Group Limited - Sponsored ADR compare | 2.5× |
| BGS B&G Foods, Inc. compare | 1.3× |
| BRCC BRC Inc. compare | 1.2× |
| OTLY Oatly Group AB Sponsored ADR compare | −1.9× |
| BYND Beyond Meat, Inc. compare | −3.0× |
| PRE Prenetics Global Limited compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets