Company Analysis

Natural Health Trends Corp. (NHTC)

Nasdaq: NHTC · Wholesale-Miscellaneous Nondurable Goods · Rolling Hills Estates, CA · filing with the SEC since 1996
Grade4.2
◀ Past 3.1● Present 4.3▶ Future 4.9
1 est.

The grade of Natural Health Trends Corp.

Nine metrics read from its own filings, by tense
Headline grade
4.2/10
◀ Past3.125% of the headline
● Present4.345% of the headline
▶ Future4.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.1/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.4/10

Has it survived what it has been through?

5 warning events since 2017; the latest 2025-03-13.

weight 45% of this tense · 24th percentile among 36 sector filers · read for itself

From the record

Natural Health Trends Corp.'s filings since 2017 show 5 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2019-04-05); an auditor change (8-K item 4.01, 2 times, the latest 2025-03-13); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2019-03-18) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.5/10

What has it actually done, year after year?

-18.2% a year over 9 filed years; profitable in 7 of 9.

weight 33% of this tense · 15th percentile among 35 sector filers · read for its customers

From the record

Natural Health Trends Corp.'s 9 filed years say what it did: revenue went from $198 million in fiscal 2017 to $40 million in fiscal 2025, down 18.2% a year; it rose in 0 of 8 years; the deepest fall was 80% from fiscal 2017 to fiscal 2025; net income was positive in 7 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-18.2%bottom 7% of its family
  • the share of years revenue rosebottom 1% of its family
  • the share of filed years with a profitbottom 43% of its family
  • the deepest fall from a revenue peak79.9%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
7.2/10

How has it treated the people who own it?

Share count grew 0.2% a year. 100% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 72nd percentile among 25 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Natural Health Trends Corp.'s diluted share count grew about 0.2% a year, and dividends and buybacks returned about 100% of its net income over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 47% of its family
  • cash returned against operating cash flowtop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.3/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.3/10

Is it financially healthy right now?

ROE -4%: lost 4¢ per shareholder dollar. Leverage 39%: owes 39¢ per asset dollar.

weight 33% of this tense · 63rd percentile among 33 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Natural Health Trends Corp. lost about 4 cents for every dollar of shareholders' money, and gross profitability: its products earned about 76 cents per dollar of everything the company owns. Leverage: it owed about 39 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 26% of its family
  • return on equitybottom 40% of its family
  • gross profit against assetstop 5% of its family
  • the share count against the year beforebottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.4/10

How strong is its position in its industry?

bottom 23% of 35 in its family; net margin -2.2%.

weight 45% of this tense · 23rd percentile among 35 sector filers · read for its customers

From the record

Natural Health Trends Corp.'s standing among 35 graded names in its industry family: revenue of $40 million in fiscal 2025 ranks in the bottom 16% by size; a net margin of -2.2% ranks in the bottom 21%; revenue growth of -6.8% a year over the last 3 filed years ranks in the bottom 33% (its annual reports).

What it rests on

  • revenue against the family$39.8Mbottom 16% of its family
  • net margin-2.2%bottom 21% of its family
  • three-year revenue growth-6.8%bottom 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.2/10

What are the people in charge doing?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 24 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 24 members with one.
What the record cannot read
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
How it was reasoned
family median, 24 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Natural Health Trends Corp.'s leadership is put at 5.2 of 10 with a confidence of 20 of 100, because fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 24 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.7/10

How much room does it have to grow?

top 33% of 35 in its family for room to expand.

weight 33% of this tense · 67th percentile among 35 sector filers · read for itself

From the record

Natural Health Trends Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $7 million against no long-term debt tagged leaves 17.7% of its assets as net cash, top 10% of its family; cash from operations less capital spending is -15.2% of revenue (bottom 13%); a gross margin of 73.5% (top 2%) (its annual report).

What it rests on

  • cash less debt against assets17.7%top 10% of its family
  • cash from operations less capital spending against revenue-15.2%bottom 13% of its family
  • gross margin73.5%top 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.0/10

What could actually drive growth from here?

bottom 50% of 35 in its family for growth drivers.

weight 33% of this tense · 50th percentile among 35 sector filers · read for its customers

From the record

Natural Health Trends Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew -6.8% a year over the last three filed years against -18.2% over all 9, speeding up (top 1% of its family); the newest year grew -7.4% (bottom 27%); capital spending grew -21.9% a year (bottom 23%) (its annual reports). Natural Health Trends Corp. reported 2 product lines in fiscal 2025: Product at $39 million (97%), Administrative Fees Freight and Other at $1 million (3%); 0 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+11.4 points a yeartop 1% of its family
  • the newest year's revenue growth-7.4%bottom 27% of its family
  • three-year growth of capital spending-21.9%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.0/10

Did its newest year beat what its own record pointed to?

bottom 30% of 32 in its family for expectations against reality.

weight 33% of this tense · 30th percentile among 32 sector filers · read for its shareholders

From the record

Natural Health Trends Corp.'s newest year against its own record: revenue of $40 million in fiscal 2025 came in 1% below the $40 million its prior three years' pace pointed to (bottom 48% of its family); net income of $882 thousand against a prior three-year average of $484 thousand (bottom 17%); a net margin of -2.2% against 1.1% before (bottom 23%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-1.0%bottom 48% of its family
  • net income against the prior three years' average-282%bottom 17% of its family
  • net margin against its prior average-3.3 pointsbottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NHTC · research, not advice