HLF
Herbalife Nutrition Ltd.
HLF's fundamentals are mixed: free cash flow grew 55%, but earnings per share fell 46%. At 9.1x earnings, it's trading above its usual 7.6x. Analysts expect strong earnings growth.
HLF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Stable |
HLF's cash flow is currently healthy, and its revenue, profitability and balance sheet are stable.
HLF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.9x | $8.29 | -46% |
| Forward | 5.4x | $15.21 | — |
| Fair | 7.6x | $12.78 | -16% |
| Current | 9.1x | $15.21 | — |
| Expensive | 16x | $27.34 | +80% |
Historical ranges are pointers, not guarantees.
HLF's PE is in its fair range at 9.1x. If earnings grow as analysts expect, today's price would be 5.4x next year's earnings, in its cheap range.
HLF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect HLF's earnings to grow and its profitability to improve, with its revenue holding steady.
HLF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.82 | +68% |
| Q3 2026 | $1.68 | -46% |
| Q2 2026 | $1.55 | -51% |
| Q1 2026 | $2.28 | -17% |
| Q4 2025 | $2.20 | -12% |
| Q3 2025 | $3.14 | +269% |
| Q2 2025 | $3.18 | +288% |
| Q1 2025 | $2.75 | +101% |
| Q4 2024 | $2.50 | +76% |
HLF's earnings per share have fallen from their peak: $1.68 over the past year, against $4.32 in late 2021.
HLF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +6% |
| Q2 2026 | $1.3B | +5.4% |
| Q1 2026 | $1.3B | +7.8% |
| Q4 2025 | $1.3B | +6.3% |
| Q3 2025 | $1.3B | +2.7% |
| Q2 2025 | $1.3B | -1.7% |
| Q1 2025 | $1.2B | -3.4% |
| Q4 2024 | $1.2B | -0.6% |
HLF's revenue has grown year over year for five quarters in a row: $1.4B last quarter, up 6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | +0.4 points |
| Q2 2026 | 9.7% | -0.9 points |
| Q1 2026 | 11% | +0.5 points |
| Q4 2025 | 7.8% | -1 points |
| Q3 2025 | 9.9% | -0.4 points |
| Q2 2025 | 11% | +4.2 points |
| Q1 2025 | 10% | +4.4 points |
| Q4 2024 | 8.8% | +4.2 points |
HLF's operating margin was 10% last quarter, about level with the same quarter a year ago.
HLF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $132.8M | +13% |
| Q2 2026 | $21.6M | -70% |
| Q1 2026 | $102.9M | +$121M |
| Q4 2025 | $79.8M | +82% |
| Q3 2025 | $118M | +63% |
| Q2 2025 | $73.2M | +11% |
| Q1 2025 | -$18.1M | +$1M |
| Q4 2024 | $43.9M | -28% |
HLF still generates free cash flow, though less than at its 2020 peak: $337M over the past year.
HLF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.7% | +2.8M shares |
| 1 year | +3.2% | +3.3M shares |
| 3 years | +6.9% | +6.9M shares |
| 5 years | -0.5% | -500K shares |
| Available history | -24% | -34.3M shares |
HLF has 107M diluted shares, up 3.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $200,000 |
| Q2 2026 | $9.3M |
| Q1 2026 | $700,000 |
| Q4 2025 | $100,000 |
| Q3 2025 | $1.3M |
| Q2 2025 | $4.6M |
| Q1 2025 | $2.2M |
| Q4 2024 | $2.6M |
HLF spent $10M buying back its own shares over the past year, down 3.7% from the year before.
HLF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.5x | Moderate |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | 3.6x | Elevated |
HLF's net debt is about 2.4 years of its operating earnings (EBITDA), down from 2.8 years a year ago.
HLF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.1 | Neutral |
| Stochastic | 79.3 | Neutral |
HLF's weekly RSI is 61 (neutral) and its Stochastic is 79 (neutral).
HLF PE vs Consumer Defensive Sector
| Metric | HLF | Sector median | Relative |
|---|---|---|---|
| PE | 9.1x | 19x | 54% below |
| PE % | 64 | 18 | 46 pts above |
HLF is trading at 9.1x earnings, a 54% discount to the Consumer Defensive sector's median of 19x.
HLF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.7 | 11% above |
| 20 week MA | $12.9 | 18% above |
| 50 week MA | $14.0 | 8.3% above |
| 100 week MA | $11.1 | 37% above |
| 200 week MA | $11.7 | 30% above |
HLF has climbed back above all five of its weekly moving averages, and it's now 30% above its 200-week average.
HLF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $47.8 | $48.4 | +1.3% |
| 2021 | $48.4 | $40.2 | -17% |
| 2022 | $40.2 | $14.5 | -64% |
| 2023 | $14.5 | $15.3 | +5.6% |
| 2024 | $15.3 | $6.70 | -56% |
| 2025 | $6.70 | $13.3 | +99% |
| 2026 YTD | $13.3 | $15.2 | +14% |
HLF has finished lower in three of the last six years. It's up 14% so far in 2026.