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Natural Health Trends Corp.

NHTC

Consumer Cyclical Internet Retail

Natural Health Trends Corp.’s revenue for fiscal 2025 (year ended December 2025) was $39.8 million, down 7.42% from fiscal 2024.

Revenue
−20.2%
EPS
+32.5%
Free cash flow
−1,670.0%

Quarter to September 2026, against a year earlier

0.75 0.02 +2.74%
Market cap
$6.2M
P/E
n/m
Fwd P/E
75.1×
Dividend yield
53.3%
F-score
3/9
ROIC
0.00%
Net debt / EBITDA
17.0×
Dividend safety
20/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Net bought
—
Trades
0 sells · 0 buys
Ownership
13.7%

Capital & Financial Ratios $m

Size
Market Cap 6
Revenue ttm 34
Net income ttm (1)
Free cash flow ttm (5)
Net debt Q (18)
Valuation
P/E n/m
Forward P/E 75.1 (above 35: high)
Price / sales 0.2
Forward P/S Powerpack
Price / FCF n/m
Price / book 0.4
Financial health
Current ratio Q 2.1 (at or above 1.5: strong)
Debt / equity Q n/m
Interest coverage Q 0.0
Growth
Revenue growth Q −20.2% (below 0%: shrinking)
Operating income growth Q +44.0% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A −3.3% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is −0.3×, against a ten-year median of 0.2×; over the ten years it ranged from −0.8× in 2020 to 1.1× in 2016.
P/S against its own 10 years 0.18%
10-year low 10-year high
P/B against its own 10 years 0.26%
10-year low 10-year high
EV/FCF against its own 10 years 30.33%
10-year low 10-year high

Dividends

Yield
53.3%
Annual rate
0.40
Payout ratio
—
Growth, 2018–26
+5.53%/yr
  1. 0.13 ’18
  2. 0.00 ’19 −100
  3. 0.80 ’20
  4. 0.80 ’21 +0
  5. 0.80 ’22 +0
  6. 0.80 ’23 +0
  7. 0.80 ’24 +0
  8. 0.80 ’25 +0
  9. 0.20 ’26 −75
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 56 44 29 18
Receivables — — — —
Inventory 4 3 2 2
Other 4 4 3 2
64 51 34 22
2023 2024 2025 Q'26
Payables 1 1 1 1
ST’ Debt — — — —
Other 5 4 3 3
20 21 14 10

Compound Annual Growth %

10y 5y 3y
Sales (17.27%) (8.52%) (6.80%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (8.48%) (19.12%) (22.41%)

EPS $

Mar Jun Sep Dec Year
’26 (0.02) (0.05) (0.03) — —
’25 0.01 0.00 (0.04) (0.05) (0.08)
’24 0.02 0.02 0.00 0.02 0.05
’23 0.02 (0.02) 0.02 0.03 0.05
’22 (0.01) 0.02 0.00 0.02 0.03
’21 0.01 0.02 0.04 0.02 0.09
’20 (0.05) 0.00 0.06 0.07 0.07
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 9 8 8 — —
’25 11 10 9 10 40
’24 11 10 11 11 43
’23 12 11 11 11 44
’22 12 13 12 13 49
’21 13 16 14 16 60
’20 15 16 14 17 62
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (1) (1) — —
’25 0 (6) 0 (1) (6)
’24 1 (4) 0 0 (3)
’23 (1) (3) (1) 0 (4)
’22 (2) (1) (2) 1 (5)
’21 0 0 (1) 2 1
’20 (1) 0 (1) 3 2
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (2) (1) — —
’25 0 (6) 0 (1) (6)
’24 1 (4) 0 0 (3)
’23 (1) (3) (1) 0 (4)
’22 (2) (1) (2) 1 (5)
’21 0 0 (1) 2 1
’20 (1) 0 (1) 3 2
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

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 288 198 192 78 62 60 49 44 43 40 34 (19.7%) — — — —
Gross margin, % 80.92 80.44 79.49 74.10 72.63 74.99 74.23 74.56 73.98 73.54 74.26 (7.4) pt
EBT 64 43 35 (6) 1 2 1 1 1 (1) (1) n/m
EBT margin, % 22.27 21.98 17.99 (7.21) 2.40 2.52 1.23 1.70 1.44 (1.43) (3.55) (23.7) pt
Net income 55 24 31 (6) 1 1 0 1 1 (1) (1) n/m
Per share, $
Per share, $ Revenue 25.28 17.56 16.98 7.14 5.84 5.45 4.32 3.84 3.75 3.46 3.98 (19.8%)
Earnings 4.84 2.10 2.75 (0.52) 0.08 0.10 0.03 0.05 0.05 (0.08) (0.14) n/m
Cash flow 4.67 2.36 2.63 (1.71) 0.18 0.09 (0.43) (0.37) (0.29) (0.52) (0.49) n/m
Capex (0.08) (0.02) (0.02) (0.02) (0.02) (0.02) (0.01) 0.00 0.00 (0.01) (0.05) (25.1%)
Free cash flow 4.59 2.34 2.61 (1.73) 0.16 0.07 (0.44) (0.38) (0.30) (0.53) (0.54) n/m
Book value 7.24 8.05 7.95 6.91 6.37 5.40 4.41 3.64 2.87 2.04 1.75 (13.1%)
Shares, m 11 11 11 11 11 11 11 11 11 11 10 +0.1%
Valuation, ×
Valuation, × P/E 5.03 7.54 6.75 0.00 59.86 71.84 103.23 131.11 86.36 0.00 0.00 47.2
P/S 0.97 0.90 1.09 0.75 0.85 1.24 0.81 1.54 1.23 0.89 0.19 1.0
P/B 3.38 1.97 2.33 0.78 0.78 1.25 0.80 1.62 1.61 1.52 0.43 1.6
EV/Sales 0.53 0.22 0.40 (0.48) (0.64) (0.16) (0.60) 0.26 0.21 0.17 (0.33) 0.0
EV/FCF 2.92 1.63 2.59 1.99 (23.55) (11.84) 5.94 (2.61) (2.64) (1.10) 2.39 (2.7)
Cash, $m
Cash, $m Operating cash flow 53 27 30 (19) 2 1 (5) (4) (3) (6) (4) n/m
Capex (1) 0 0 0 0 0 0 0 0 0 0 (25.0%)
Free cash flow 52 26 29 (19) 2 1 (5) (4) (3) (6) (5) n/m
Balance, $m
Balance, $m Working capital 84 109 107 82 78 69 57 44 30 21 12 (14.5%)
Net debt (126) (135) (133) (96) (92) (84) (70) (56) (44) (29) (18) (15.1%)
Shareholders’ equity 82 91 90 75 68 59 50 42 33 23 15 (13.0%)
Returns, %
Returns, % ROA 40.47 15.33 19.55 (4.06) 0.75 1.06 0.35 0.75 0.92 (1.88) (4.10) (42.3) pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE 79.12 27.25 34.39 (6.80) 1.18 1.71 0.57 1.24 1.54 (3.13) (6.93) (82.2) pt
People
People Employees 143 149 153 152 145 140 140 139 133 120 — (1.9%)
Revenue/emp, $m 2.01 1.33 1.25 0.51 0.43 0.43 0.35 0.32 0.32 0.33 — (18.2%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Natural Health Trends Corp. vs peers in Internet Retail (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
MOGU MOGU Inc. Sponsored ADR $13.6M — (loss-making) — (loss-making) −18.03% (below 0%: shrinking) n/m −128.95% (below 0%: shrinking) 38.26% 0.00% Compare
SBDS Solo Brands, Inc. $12.5M — (loss-making) — (loss-making) −17.57% (below 0%: shrinking) n/m −42.81% (below 0%: shrinking) 63.40% (32.99%) Compare
NHTC Natural Health Trends Corp. $6.2M — (loss-making) 75.1× −20.23% (below 0%: shrinking) n/m −1,670.00% (below 0%: shrinking) 74.15% (3.66%)
JWEL Jowell Global Ltd. $4.1M — (loss-making) 19.9× +23.99% (above 0%: growing) −10,966.67% (below 0%: shrinking) +88.58% (above 0%: growing) 0.76% 0.00% Compare
FRTT Fort Technology Inc. $4.0M — (loss-making) — — n/m −356.92% (below 0%: shrinking) 19.51% (24.41%) Compare
UZX Linkage Global Inc. $3.4M — — — — −59.33% (below 0%: shrinking) — — Compare
WBUY WeBuy Global Ltd. $3.2M — — — — +61.71% (above 0%: growing) — — Compare
YJ Yunji Inc. Sponsored ADR $3.2M — (loss-making) — (loss-making) −40.68% (below 0%: shrinking) n/m +63.14% (above 0%: growing) 48.05% (83.20%) Compare
OCG Oriental Culture Holding LTD $3.1M — (loss-making) 9.2× −96.73% (below 0%: shrinking) −202.04% (below 0%: shrinking) +144.19% (above 0%: growing) 76.04% 0.00% Compare
Median of peers $3.7M — — −18.03% — +9.45% 43.16% (12.20%)

All 42 Internet Retail stocks →

Pay and ownership Proxy statement filed 24 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.19m 1.02m 151.21
2024 1.29m 1.29m 179.59
2023 1.35m 1.34m 194.17

Ownership

Directors and executive officers, together 12.90%
Renaissance Technologies LLC 6.80%
Chris T. Sharng 5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. 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

Natural Health Trends Corp. (NHTC) Latest News

2 Nov

Impact 3 · · Zacks

28 Oct

Impact 3 · · GlobeNewswire

21 Oct

Impact 3 · · GlobeNewswire

30 Jul

Impact 3 · transcript
Impact 3 ·

29 Jul

Impact 3 ·

19 May

Impact 4 · · Zacks

5 May

Impact 3 · · Zacks
Impact 3 · · Zacks

30 Apr

Impact 3 · · GuruFocus.com
Impact 3 ·

29 Apr

Impact 3 ·

17 Feb

Impact 4 · · GlobeNewswireMT NewswiresBlockspaceInsider MonkeyMT NewswiresTheStreetMT NewswiresMT Newswires

11 Feb

Impact 3 ·

5 Feb

Impact 3 · · GuruFocus.com transcript
Impact 3 · · The Motley Fool transcript

4 Feb

Impact 3 ·
Impact 3 ·

28 Jan

Impact 3 · · GlobeNewswire

27 Dec

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

14 Nov

Impact 3 · · Simply Wall St.

10 Nov

Impact 3 · · Zacks

7 Nov

Impact 4 · · GuruFocus.com

5 Nov

Impact 3 · · Associated Press Finance
Impact 3 ·

1 Sep

Impact 3 ·

31 Jul

Impact 4 · · GuruFocus.com transcript

3 May

Impact 3 · · Simply Wall St.

1 May

Impact 3 · transcript
Impact 3 ·
stockrow.com/NHTC · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com