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HLF

Herbalife Nutrition Ltd.

HLF

Herbalife Nutrition Ltd. • NYSE
$12.73 ▼ -4.57% (-0.61)
Market Cap $1.32 B
52w High $13.35
52w Low $5.04
Dividend Yield 0%
P/E 4.07
Volume 1.91M
Outstanding Shares 103.31M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.274B ▲ $832.3M ▼ $43.2M ▼ 3.392% ▼ $0.42 ▼ $158.5M ▼
Q2-2025 $1.259B ▲ $849.6M ▲ $49.3M ▼ 3.915% ▼ $0.48 ▼ $164.9M ▲
Q1-2025 $1.222B ▲ $833.7M ▲ $50.4M ▼ 4.125% ▼ $0.5 ▼ $156.1M ▲
Q4-2024 $1.207B ▼ $833.4M ▼ $177.9M ▲ 14.734% ▲ $1.76 ▲ $138.5M ▼
Q3-2024 $1.24B $844.5M $47.4M 3.822% $0.47 $160.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $309.2M ▼ $2.697B ▼ $3.303B ▼ $-612M ▲
Q2-2025 $320.9M ▼ $2.736B ▲ $3.39B ▼ $-660.5M ▲
Q1-2025 $329.4M ▼ $2.684B ▼ $3.42B ▼ $-736M ▲
Q4-2024 $415.3M ▲ $2.728B ▲ $3.529B ▼ $-801.1M ▲
Q3-2024 $402.5M $2.654B $3.608B $-954.2M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $43.1M ▼ $138.8M ▲ $-20.6M ▲ $-130.4M ▼ $-15.6M ▼ $118M ▲
Q2-2025 $49.2M ▼ $96M ▲ $-50.6M ▼ $-60.2M ▲ $-7.4M ▲ $73.2M ▲
Q1-2025 $50.4M ▼ $200K ▼ $-18.8M ▲ $-72.2M ▼ $-87.1M ▼ $-18.1M ▼
Q4-2024 $177.9M ▲ $69.6M ▼ $-25.6M ▼ $-9M ▲ $20.2M ▼ $43.9M ▼
Q3-2024 $47.4M $99.5M $10M $-86.1M $28.6M $72.4M

Revenue by Products

Product Q3-2014Q4-2014Q1-2015Q2-2015
Energy Sports And Fitness
Energy Sports And Fitness
 $70.00M ▲$60.00M ▼$60.00M ▲$60.00M ▲
Literature Promotional And Other
Literature Promotional And Other
 $60.00M ▲$50.00M ▼$50.00M ▲$50.00M ▲
Outer Nutrition
Outer Nutrition
 $40.00M ▲$50.00M ▲$40.00M ▼$30.00M ▼
Targeted Nutrition
Targeted Nutrition
 $280.00M ▲$260.00M ▼$250.00M ▼$260.00M ▲
Weight Management
Weight Management
 $810.00M ▲$720.00M ▼$700.00M ▼$750.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Herbalife’s sales have been fairly stable over the past few years but no longer growing the way they once did. Profitability is positive, yet not especially strong, and earnings have come down from earlier peaks. Margins remain decent for a nutrition company, but there has been some squeeze on operating profit as the company faces higher costs and more muted revenue. Overall, the income statement shows a business that is still earning money, but with slower momentum and more pressure on profits than in the past.

Balance Sheet

Balance Sheet The balance sheet is the main area of concern. Herbalife carries a lot of debt relative to its size, and shareholder equity is negative, which means past buybacks and leverage weigh heavily on the capital structure. Total assets have stayed fairly steady, but cash on hand is noticeably lower than a few years ago. This mix points to a financially tight setup: the company is not in an obvious crisis, but it does not have a particularly cushiony balance sheet and is quite dependent on consistent cash generation to manage its obligations.

Cash Flow

Cash Flow Cash flow from operations is solidly positive and comfortably covers the company’s ongoing investment needs. Free cash flow remains positive, but it has drifted down from stronger levels during the pandemic years. Herbalife is still producing enough cash to fund its business and help service its debt, yet it does not have a large margin for error if business conditions weaken. The story here is a reliable cash generator, but one that needs to carefully balance debt repayment, investment, and any shareholder returns.

Competitive Edge

Competitive Edge Herbalife’s core strength is its massive global network of independent distributors and the personal relationships they build with customers. That direct-selling model and brand recognition in nutrition give the company a durable position that is not easy to copy quickly. At the same time, the business faces ongoing scrutiny of multi-level marketing models, intense competition from both traditional brands and online wellness offerings, and shifting consumer tastes. The company’s competitive position is still meaningful, but it must keep proving its relevance and trustworthiness in a fast-changing health and nutrition landscape.

Innovation and R&D

Innovation and R&D Herbalife is leaning into a “digital-first” strategy and targeted product innovation. The large investment in the Herbalife One digital platform aims to modernize how distributors sell, train, and support customers, using data analytics and personalization tools. On the product side, the company is pushing into plant-based and “clean label” offerings, GLP-1 companion nutrition, metabolic health supplements, and expanded energy products, supported by a new R&D and quality center. These moves show clear awareness of modern wellness trends, but they also create execution risk: the company needs these digital and product bets to translate into better distributor productivity, stronger customer engagement, and ultimately healthier growth.

Summary

Herbalife today looks like a mature, cash-generating nutrition company under pressure to adapt. Its income statement shows stable but not growing sales and thinner profits than in the past. The balance sheet is leveraged and leaves less room for missteps, making continued cash generation critical. Cash flow remains a relative strength, though not as robust as a few years ago. Competitively, Herbalife’s global distributor network and brand still matter, but the company must keep up with regulatory scrutiny, competition, and evolving consumer expectations. The heavy push into digital tools and trend-aligned products is a logical response, and the key questions going forward are whether those investments can reignite sustainable growth and ease the strain of a debt-heavy capital structure.

NEWS

November 25, 2025 · 7:05 AM UTC

Herbalife CFO Fireside Chat Webcast from Furey Research Partners Hidden Gems Conference Available

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November 19, 2025 · 7:05 AM UTC

Herbalife CEO and CFO to Participate in BofA Securities Leveraged Finance Conference on December 2

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November 12, 2025 · 4:22 PM UTC

Herbalife Expands Liftoff® Energy Line with New Cola and Ginger Beer Flavors

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November 5, 2025 · 4:10 PM UTC

Herbalife Delivers Q3 Net Sales Increase Above Guidance Midpoint, North America Returns to Growth; Q3 Adjusted EBITDA1 Exceeds Guidance; Tightens Full-Year Guidance Ranges

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October 30, 2025 · 3:20 PM UTC

Herbalife Receives Direct Selling Association's 2025 Vision for Tomorrow Award for its Casa Herbalife Program

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