Natural Alternatives International, Inc.
NAII · Price history
Price at last available close
$1.13
−$0.57 (-33.53%) 1M
2026-10-27
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Company & revenue
About Natural Alternatives International, Inc.
Primary reporting period: 2026-06-30 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Natural Alternatives International, Inc. (NAII) is a company dedicated to the global development, manufacturing, and marketing of nutritional supplements, with operations spanning the United States, Europe, Asia, and other international territories. The company functions through two main divisions: Private-Label Contract Manufacturing and Patent and Trademark Licensing. Through its contract manufacturing segment, NAII provides tailored production services to businesses that market and distribute a range of health-related products, including vitamins, minerals, herbal remedies, and other dietary supplements.
How they make money
Natural Alternatives International, Inc. generates revenue primarily through contract manufacturing services for nutritional supplement companies, providing formulation, clinical research, and regulatory support. Additionally, the company markets and sells its own branded nutritional products, including those utilizing its proprietary ingredients, to various distribution channels.
Products & services
Nutritional supplement contract manufacturing, custom product formulation, clinical studies, regulatory compliance support, and branded products featuring proprietary ingredients like CarnoSyn, SR CarnoSyn, and TriBsyn.
Brands & revenue mix
Proprietary beta-alanine ingredient used in sports nutrition and healthy aging products.
Separate brand revenue is not available in this research.Source
Sustained-release version of the proprietary CarnoSyn ingredient.
Separate brand revenue is not available in this research.Source
Proprietary ingredient offering for the nutritional supplement market.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company does not disclose specific customer concentration figures in its 2026 annual report, though it notes reliance on a limited number of significant customers for a substantial portion of its net sales.
Suppliers, materials & equipment
- Raw material and ingredient suppliers — The company sources various raw materials and ingredients from multiple third-party suppliers to support its manufacturing operations.Source
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
21
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
17
Poor
Financial Strength
33
Business Quality / Moat
13
Management
0
Growth Quality
18
Risk / Durability
13
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
39
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
41/100
Building Historical Record
Model Score 41/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •Elevated debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for NAII
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can NAII maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can NAII fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is NAII's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for NAII to reach sustainable profitability?
- •What future growth or profitability would be needed to justify NAII's current valuation?
Essential Investment Snapshot
Wall Street Score
21
Opportunity Score
39
Market Cap
$7.1M
P/E Ratio
-0.4
EPS
$-3.42
52-Week High
$4.96
52-Week Low
$1.21
Beta
0.36
Shares Outstanding
6.0M
Total Revenue
$141.4M
Total Debt
$50.0M
Dividend
No current dividend
Liquidation Value / Share
$8.29
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Elevated movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NAII
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on NAII.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary ingredient portfolio including CarnoSyn and SR CarnoSyn.
- +Integrated contract manufacturing and formulation capabilities.
Potential downside factors
- −Debt risk (elevated): Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
- −Dependence on a limited number of significant customers.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
25
Oct 1, 2026
Change
-4.7
points
Current Score
21
Oct 8, 2026
Category Changes
NAII decreased 4.7 points because Debt declined by 42.3 points, Buffett declined by 10.6 points.
Negative Contributors
- − Debt declined by 42.3 points
- − Buffett declined by 10.6 points
Projected Score
Projected Score
24
Projected Change
+3.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 3.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.13
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $141.4M | $141.4M | $129.9M | $113.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $133.5M | $133.5M | $120.6M | $106.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $7.8M | $7.8M | $9.3M | $6.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $1.8M | $2.3M | $1.8M | $1.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $17.0M | $17.3M | $16.5M | $15.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $16.9M | $16.9M | $17.9M | $15.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$4.2M | -$4.4M | -$2.7M | -$4.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$9.1M | -$9.1M | -$8.7M | -$8.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $1.2M | $1.2M | $915K | $361K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$20.3M | -$20.3M | -$10.7M | -$9.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $430K | $430K | $2.8M | -$2.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$20.7M | -$20.7M | -$13.6M | -$7.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-3.42 | $-3.43 | $-2.28 | $-1.23 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 6.07M | 6.03M | 5.95M | 5.87M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 6.07M | 6.03M | 5.95M | 5.87M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$34.2M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$2.23
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-15.3%
Cash Change
-40.1%
Margin Change
-18.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, EPS growth, debt levels. Pressure indicators included cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 1.1%. EPS increased 90.6%. Cash declined 40.1%. Total debt declined 15.3%. Net income margin declined by 18.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
Natural Alternatives International (NASDAQ:NAII) Shares Cross Below 200 Day Moving Average – What’s Next?
Natural Alternatives Q4 Loss Widens Y/Y on Margin Pressure
Natural Alternatives International, Inc. Announces Fiscal 2026 Q4 and YTD Results
Head to Head Review: Natural Alternatives International (NASDAQ:NAII) vs. Unilever (NYSE:UL)
Rumor Mill · NAII
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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