NUS (NUS) financial statements
NUS reported revenue of $1.5B in fiscal 2025, down 4.3% a year over 9 years.
Net income was $160M and the operating margin 4.4%, against 10.5% in 2016.
Free cash flow was $46M, and the company returned $12M in dividends and $20M in net buybacks.
The diluted share count fell 10% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NUS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | $2.7B | $2.4B | $2.6B | $2.7B | $2.2B | $2.0B | $1.7B | $1.5B |
| Cost of revenue | $500M | $502M | $634M | $581M | $658M | $675M | $631M | $612M | $550M | $454M |
| Gross profit | $1.7B | $1.8B | $2.0B | $1.8B | $1.9B | $2.0B | $1.6B | $1.4B | $1.2B | $1.0B |
| Research and development | $24M | $22M | $23M | $30M | $23M | $27M | $23M | $23M | $13M | $11M |
| Selling, general and admin | $1.5B | $1.5B | $1.7B | $1.6B | $1.7B | $1.7B | $1.4B | $1.3B | $1.1B | $941M |
| Operating income | $231M | $274M | $241M | $267M | $258M | $234M | $111M | $48M | -$152M | $66M |
| Interest expense | $16M | $22M | $22M | $19M | $13M | $11M | $13M | $26M | $26M | $14M |
| Pre-tax income | $213M | $266M | $220M | $255M | $256M | $232M | $89M | $27M | -$175M | $196M |
| Income tax | $70M | $136M | $98M | $82M | $65M | $85M | -$16M | $18M | -$28M | $36M |
| Net income | $143M | $129M | $122M | $174M | $191M | $147M | $105M | $9M | -$147M | $160M |
| EPS (diluted) | $2.55 | $2.36 | $2.16 | $3.10 | $3.63 | $2.86 | $2.07 | $0.17 | -$2.95 | $3.18 |
| Diluted shares | 56M | 55M | 56M | 56M | 53M | 51M | 51M | 50M | 50M | 50M |
| Gross margin | 77.3% | 78.0% | 76.3% | 76.0% | 74.5% | 75.0% | 71.7% | 68.9% | 68.2% | 69.4% |
| Operating margin | 10.5% | 12.0% | 9.0% | 11.0% | 10.0% | 8.7% | 5.0% | 2.5% | -8.8% | 4.4% |
| Net margin | 6.5% | 5.7% | 4.5% | 7.2% | 7.4% | 5.5% | 4.7% | 0.4% | -8.5% | 10.8% |
Balance sheet
Fiscal years, from NUS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $368M | $438M | $398M | $344M | $424M | $355M | $279M | $268M | $198M | $240M |
| Receivables | — | — | — | $50M | $63M | $41M | $47M | $59M | $51M | $40M |
| Inventory | $250M | $253M | $296M | $276M | $314M | $400M | $346M | $280M | $190M | $179M |
| Total current assets | $714M | $778M | $799M | $740M | $903M | $873M | $760M | $702M | $539M | $548M |
| Property, plant and equipment | $445M | $465M | $465M | $454M | $468M | $454M | $445M | $433M | $380M | $377M |
| Goodwill | $115M | $115M | $197M | $197M | $203M | $206M | $206M | $218M | $84M | $84M |
| Total assets | $1.5B | $1.6B | $1.7B | $1.8B | $2.0B | $1.9B | $1.8B | $1.8B | $1.5B | $1.4B |
| Total current liabilities | $399M | $447M | $440M | $357M | $543M | $530M | $359M | $329M | $297M | $264M |
| Long-term debt | $334M | $311M | $361M | $334M | $305M | $269M | $377M | $478M | $364M | $204M |
| Total liabilities | $810M | $885M | $913M | $894M | $1.1B | $994M | $924M | $987M | $817M | $600M |
| Shareholders' equity | $664M | $705M | $782M | $875M | $894M | $913M | $897M | $822M | $651M | $805M |
| Net debt | $60M | -$38M | $44M | $26M | -$67M | $37M | $138M | $247M | $207M | -$14M |
Cash flow
Fiscal years, from NUS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $275M | $303M | $203M | $178M | $379M | $142M | $108M | $119M | $112M | $80M |
| Capital spending | $50M | $60M | $70M | $66M | $64M | $69M | $59M | $58M | $42M | $34M |
| Free cash flow | $225M | $242M | $132M | $112M | $315M | $73M | $49M | $60M | $70M | $46M |
| Stock-based compensation | $9M | $19M | $27M | $10M | $24M | $23M | $12M | $16M | $15M | $24M |
| Dividends paid | $78M | $76M | $81M | $82M | $78M | $76M | $77M | $78M | $12M | $12M |
| Share buybacks (net) | -$247M | -$72M | -$70M | -$825,000 | -$144M | -$80M | -$70M | -$13M | $0 | -$20M |
| Net borrowing | $178M | -$36M | $30M | -$69M | -$28M | $40M | $28M | $100M | -$110M | -$170M |
| Free cash flow margin | 10.2% | 10.6% | 4.9% | 4.6% | 12.2% | 2.7% | 2.2% | 3.1% | 4.1% | 3.1% |
| Dividends per share | $1.40 | $1.39 | $1.43 | $1.47 | $1.49 | $1.48 | $1.52 | $1.56 | $0.24 | $0.24 |
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Open NUS in InvestinglyQuestions
What was NUS's revenue in 2025?
$1.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does NUS generate?
$46M in fiscal 2025 (operating cash flow minus capital spending).
From NUS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.