Natural Alternatives International, Inc. Overview
Pro stress-test →Natural Alternatives International is engaged in formulating, manufacturing, and marketing nutritional supplements, offering vitamins, minerals, herbs, and other supplements, as well as other healthcare products, to customers within the United States and internationally. The company operates through Private-Label Contract Manufacturing and Patent & Trademark Licensing segments, with the majority of revenue derived from Private-Label Contract Manufacturing.
Strategic Profile
Pro stress-test →The company is a micro-cap operator in the nutritional and dietary supplements space, primarily providing formulation, manufacturing and packaging services for private-label and branded products. In Q3 2026 (ended March 31, 2026), revenue totaled $35.5M, up 23.0% from $28.8M in Q3 2025, with private-label contract manufacturing leading at $33.8M in revenue, up 25.0% year-over-year. However, the widening gap between revenue growth and profitability suggests the company faced mounting cost pressures during the quarter.
Competitive Landscape
Pro stress-test →Natural Alternatives International's top competitors include Captek Softgel International, Ultimate Nutrition, Jarrow Formulas, and Pure Encapsulations. The company competes in the contract manufacturing segment of the nutritional supplements industry, which faces competition from larger, better-capitalized contract manufacturers and branded supplement companies offering direct-to-consumer services.
Industry Context
Natural Alternatives International, Inc. operates in Nutritional supplement contract manufacturing.
Key facts
Headquarters: San Marcos, California · Revenue: $108.0M (9-month FY2026) · Market cap: $17M