Natural Alternatives International Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Natural Alternatives International Inc (NAII) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Natural Alternatives International Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 141M vs 435,002M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+0.3% annualized vs trailing 12 months), vs decelerating (-4.9%) for its tracked peer group.
- Growth: Natural Alternatives International Inc generated 27.2% revenue growth year over year in Q3 2026, vs 3.7% for its tracked competitors combined.
- Profitability: Its -12.2% net margin compares with 10.4% for the peer group.
- Scale: Natural Alternatives International Inc ranks #18 of 37 companies by market capitalization in the Legal Cannabis industry, holding 0.1% of industry market cap.
- Peer revenue share: Natural Alternatives International Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.62M compares with $0.48M for the peer group (1.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
NAII Sales vs. its Competitors, Q3 2026
Natural Alternatives International Inc reported revenue growth of 27.16 % year on year in Q3 2026, above its competitors' combined revenue growth of 3.73 %.
With a net margin of -12.18 %, Natural Alternatives International Inc reported lower profitability than its competitors (10.44 %).
Natural Alternatives International Inc generated 0.03 % of the combined sales of its peer group, up from 0.03 % a year earlier.
Natural Alternatives International Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Natural Alternatives International Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Natural Alternatives International Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Natural Alternatives International Inc's competitor groups requires a Commercial License.
For context: the Legal Cannabis industry grew revenue 35.0% year over year, combined, vs 27.2% for Natural Alternatives International Inc. Natural Alternatives International Inc's share of combined industry revenue moved from 1.17% to 1.10%, a loss of 0.07 percentage points.
Natural Alternatives International Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Natural Alternatives International Inc | No | Yes | Yes | No |
| Competitors combined (35) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 25.00 % (2 of 8) | 100.00 % (8 of 8) | 50.00 % (4 of 8) | 42.90 % (3 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
NAII Stock Performance relative to its Competitors
NAII Stock Performance relative to Similar-Size Competitors
NAII Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Dupont De Nemours Inc | 282.9% | Outperformed |
| 2 | Seneca Foods Corporation | 282.9% | Outperformed |
| 3 | The J M Smucker Company | 282.9% | Outperformed |
| 4 | Kellanova | 282.9% | Outperformed |
| 5 | Tootsie Roll Industries Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Natural Alternatives International Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Natural Alternatives International Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Natural Alternatives International Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Natural Alternatives International Inc | 10.67 | 141.14 |
| Procter and Gamble Co | 353,200.50 | 87,032.00 |
| Pepsico Inc | 173,753.48 | 96,904.00 |
| Mondel z International Inc | 77,057.12 | 39,304.00 |
| Kellanova | 29,204.00 | 12,670.00 |
| Kraft Heinz Co | 27,965.88 | 24,900.00 |
| SUBTOTAL | 795,189.08 | 451,285.94 |
Sign in to see all competitors of Natural Alternatives International Inc.
Sources: Natural Alternatives International Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Natural Alternatives International Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Natural Alternatives International Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Natural Alternatives International Inc | 11 | 621,749 | -63,308 |
| Procter and Gamble Co | 353,201 | 836,846 | 155,231 |
| Pepsico Inc | 173,753 | 316,680 | 34,363 |
| Mondel z International Inc | 77,057 | 431,912 | 28,824 |
| Kellanova | 29,204 | 550,870 | 56,217 |
| Kraft Heinz Co | 27,966 | 711,429 | -97,143 |
| PEERS TOTAL | 795,178 | 483,821 | 31,443 |
Sign in to see all peers for Natural Alternatives International Inc.
Natural Alternatives International Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Procter and Gamble Co | Non-US 52.05 % |
| Dupont De Nemours Inc | United States 44.47 % |
| The J M Smucker Company | United States 94.68 % |
| Mccormick and Company Incorporated | Americas 72.91 % |
| Celsius Holdings Inc | North America 95.56 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Sign in to see all peers for Natural Alternatives International Inc.
Natural Alternatives International Inc's Business Segment Mix vs Peers
Revenue by operating segment, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Natural Alternatives International Inc | Private Label Contract Manufacturing 95.55 % |
| Procter and Gamble Co | Fabric & Home Care 34.83 % |
| Pepsico Inc | PepsiCo Beverages North America 29.95 % |
| Mondel z International Inc | Europe 37.98 % |
| Kellanova | North America 49.91 % |
| Kraft Heinz Co | North America 73.72 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Sign in to see all peers for Natural Alternatives International Inc.
Natural Alternatives International Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 24 companies in Natural Alternatives International Inc's industry classification, broader than the peer set above. Market cap in millions of $.Natural Alternatives International Inc ranks #18 of 24 companies by market capitalization in its industry, holding 0.10 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,412, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Definium Therapeutics Inc | 3,966 | 37.16 % |
| 2 | Regencell Bioscience Holdings Limited | 3,076 | 28.82 % |
| 3 | Cronos Group Inc | 1,262 | 11.82 % |
| 4 | Tilray Brands Inc | 454 | 4.25 % |
| 5 | Canopy Growth Corporation | 1,234 | 5.2% |
| 6 | Sndl Inc | 1,234 | 5.2% |
| 7 | Usana Health Sciences Inc | 1,234 | 5.2% |
| 8 | Niagen Bioscience Inc | 1,234 | 5.2% |
| 9 | Aurora Cannabis Inc | 1,234 | 5.2% |
| 10 | Mediwound Ltd | 1,234 | 5.2% |
| 18 | Natural Alternatives International Inc | 11 | 0.10 % |
Market cap and industry share for the rest of Natural Alternatives International Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Natural Alternatives International Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 13 | Charlie s Holdings Inc | 44 | -52.12 % |
| 14 | Biote Corp | 35 | -59.27 % |
| 15 | China Foods Holdings Ltd | 21 | - |
| 16 | Mannatech Inc | 15 | -6.92 % |
| 17 | Pioneer Green Farms Inc | 1,234 | 12.3% |
| 18 | Natural Alternatives International Inc | 11 | -41.58 % |
| 19 | Cyanotech Corp | 1,234 | 12.3% |
| 20 | Target Group inc | 1,234 | 12.3% |
| 21 | Im Cannabis Corp | 1,234 | 12.3% |
| 22 | Akanda Corp | 1,234 | 12.3% |
| 23 | Synergy Chc Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Natural Alternatives International Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Natural Alternatives International Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Legal Cannabis industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (36 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 7.66 % | 38.25 % (avg) | -30.6 pp |
| Operating Margin | -5.33 % | industry median | +3.6 pp |
| EBITDA Margin | -2.46 % | -0.49 % (avg) | -2.0 pp |
| Capital Intensity (Capex / Revenue) | 3.20 % | 3.73 % (avg) | -0.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Natural Alternatives International Inc's Valuation vs Competitive Position
Valuation multiples vs the Legal Cannabis industry average (36 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 18.3x | - |
| EV / EBITDA | - | 7.2x | - |
| P/B | 0.3x | 5.5x | -5.2x |
| Return on Equity | -21.37 % | industry aggregate | 19.29 % |
| Return on Invested Capital | -3.99 % | 3.55 % (avg) | -7.54 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Natural Alternatives International Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 16.95 % | -13.64 % | 8.46 % | 17.42 % | 8.12 % | -30.53 % | -11.38 % | 11.00 % |
| Operating Margin | 7.17 % | 1.35 % | 2.95 % | 7.69 % | 6.14 % | -2.69 % | -7.56 % | -4.20 % |
| Return on Invested Capital | 6.84 % | 1.00 % | 2.56 % | 6.92 % | 5.31 % | -1.54 % | -4.12 % | -2.86 % |
| P/E | 7.3x | 25.7x | 33.0x | 8.3x | 5.9x | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Natural Alternatives International Inc's Strategic Group Map
Every company in Natural Alternatives International Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Natural Alternatives International Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Natural Alternatives International Inc's BCG Growth-Share Matrix
Relative market share (vs Natural Alternatives International Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) — a common framework, not a precision instrument.
Natural Alternatives International Inc falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 2.8% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Definium Therapeutics Inc alone holds 37% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Natural Alternatives International Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,412 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 3.20 % vs industry average 3.73 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Natural Alternatives International Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Natural Alternatives International Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Natural Alternatives International Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Natural Alternatives International Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Natural Alternatives International Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) — not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 19.3 points above the industry aggregate.
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
- A meaningful share of tracked competitors (37.50 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Definium Therapeutics Inc , holding 37.16 % of industry market cap.
- Tracked peer group's revenue run-rate is broadly decelerating (-4.9% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Natural Alternatives International Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Natural Alternatives International Inc | 0.32 | 1.90 | 0.13 |
| Procter and Gamble Co | 0.25 | 0.71 | 0.71 |
| Pepsico Inc | 0.28 | 0.90 | 2.46 |
| Mondel z International Inc | - | 0.59 | 0.81 |
| Kellanova | 0.08 | 0.74 | 1.39 |
| Kraft Heinz Co | 0.30 | 1.13 | 0.51 |
Sign in to see all peers for Natural Alternatives International Inc.
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Natural Alternatives International Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Natural Alternatives International Inc | Q1 2026 | +27.2 % | - |
| Procter and Gamble Co | Q2 2026 | +1.5 % | -15.0 % |
| Pepsico Inc | Q2 2026 | +6.4 % | +134.9 % |
| Mondel z International Inc | Q1 2026 | +8.2 % | +38.6 % |
| Kellanova | Q3 2025 | +0.8 % | -15.1 % |
| Kraft Heinz Co | Q2 2026 | -1.4 % | - |
| PEERS TOTAL | +0.9 % | +251.9 % |
Sign in to see all peers for Natural Alternatives International Inc.
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Natural Alternatives International Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Natural Alternatives International Inc | Q1 2026 | +34.6 % | - |
| Procter and Gamble Co | Q2 2026 | +2.7 % | +2.7 % |
| Pepsico Inc | Q2 2026 | +7.4 % | -9.4 % |
| Mondel z International Inc | Q1 2026 | +5.7 % | +12.6 % |
| Kellanova | Q3 2025 | +5.8 % | +0.7 % |
| Kraft Heinz Co | Q2 2026 | +1.6 % | +1.1 % |
Sign in to see all peers for Natural Alternatives International Inc.
Natural Alternatives International Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Natural Alternatives International Inc | - | - | - |
| Procter and Gamble Co | 12.72% | 17.81% | 30.05% |
| Pepsico Inc | 9.63% | 13.23% | 50.13% |
| Mondel z International Inc | 3.68% | 4.94% | 10.07% |
| Kellanova | 8.26% | 13.13% | 31.51% |
| Kraft Heinz Co | - | - | - |
Sign in to see all peers for Natural Alternatives International Inc.
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Natural Alternatives International Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Natural Alternatives International Inc | - | 0.08 |
| Procter and Gamble Co | 22.12 | 4.06 |
| Pepsico Inc | 16.63 | 1.79 |
| Mondel z International Inc | 29.81 | 1.96 |
| Kellanova | 22.80 | 2.30 |
| Kraft Heinz Co | - | 1.12 |
| PEERS AVERAGE | 27.14 | 1.76 |
Sign in to see all peers for Natural Alternatives International Inc.
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.