Tearsheet

Medifast (MED)


Market Price (5/2/2026): $10.9 | Market Cap: $119.8 Mil
Sector: Consumer Discretionary | Industry: Specialized Consumer Services

Medifast (MED)


Market Price (5/2/2026): $10.9
Market Cap: $119.8 Mil
Sector: Consumer Discretionary
Industry: Specialized Consumer Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -131%

Low stock price volatility
Vol 12M is 38%

Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, and E-commerce & Digital Retail. Themes include Nutritional Supplements, Functional Foods & Beverages, Show more.

Weak multi-year price returns
2Y Excs Rtn is -109%, 3Y Excs Rtn is -166%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 20%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -14 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.7%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -36%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -38%, Rev Chg QQuarterly Revenue Change % is -37%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19%

Key risks
MED key risks include [1] significant competition from new GLP-1 weight loss medications that disrupt its business model and [2] its core dependence on the ability to maintain and grow its network of independent OPTAVIA coaches.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -131%
1 Low stock price volatility
Vol 12M is 38%
2 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, and E-commerce & Digital Retail. Themes include Nutritional Supplements, Functional Foods & Beverages, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -109%, 3Y Excs Rtn is -166%
4 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 20%
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -14 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.7%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -36%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -38%, Rev Chg QQuarterly Revenue Change % is -37%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19%
8 Key risks
MED key risks include [1] significant competition from new GLP-1 weight loss medications that disrupt its business model and [2] its core dependence on the ability to maintain and grow its network of independent OPTAVIA coaches.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Stock Movement Drivers

Fundamental Drivers

The -4.6% change in MED stock from 1/31/2026 to 5/1/2026 was primarily driven by a -10.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120265012026Change
Stock Price ($)11.4410.91-4.6%
Change Contribution By: 
Total Revenues ($ Mil)430386-10.2%
P/S Multiple0.30.36.2%
Shares Outstanding (Mil)11110.0%
Cumulative Contribution-4.6%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/1/2026
ReturnCorrelation
MED-4.6% 
Market (SPY)3.6%37.3%
Sector (XLY)-1.9%32.6%

Fundamental Drivers

The -9.2% change in MED stock from 10/31/2025 to 5/1/2026 was primarily driven by a -19.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)103120255012026Change
Stock Price ($)12.0210.91-9.2%
Change Contribution By: 
Total Revenues ($ Mil)480386-19.7%
P/S Multiple0.30.313.1%
Shares Outstanding (Mil)11110.0%
Cumulative Contribution-9.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/1/2026
ReturnCorrelation
MED-9.2% 
Market (SPY)5.5%26.1%
Sector (XLY)-0.7%33.7%

Fundamental Drivers

The -17.0% change in MED stock from 4/30/2025 to 5/1/2026 was primarily driven by a -29.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020255012026Change
Stock Price ($)13.1410.91-17.0%
Change Contribution By: 
Total Revenues ($ Mil)543386-29.0%
P/S Multiple0.30.317.4%
Shares Outstanding (Mil)1111-0.4%
Cumulative Contribution-17.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/1/2026
ReturnCorrelation
MED-17.0% 
Market (SPY)30.4%31.5%
Sector (XLY)21.2%35.7%

Fundamental Drivers

The -87.6% change in MED stock from 4/30/2023 to 5/1/2026 was primarily driven by a -75.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020235012026Change
Stock Price ($)88.1110.91-87.6%
Change Contribution By: 
Total Revenues ($ Mil)1,599386-75.9%
P/S Multiple0.60.3-48.3%
Shares Outstanding (Mil)1111-0.8%
Cumulative Contribution-87.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/1/2026
ReturnCorrelation
MED-87.6% 
Market (SPY)78.7%19.9%
Sector (XLY)64.4%24.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MED Return9%-42%-38%-74%-39%2%-94%
Peers Return6%-32%17%-29%-0%-19%-52%
S&P 500 Return27%-19%24%23%16%5%92%

Monthly Win Rates [3]
MED Win Rate67%33%33%25%17%50% 
Peers Win Rate54%33%54%44%45%45% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
MED Max Drawdown-4%-49%-43%-75%-41%-11% 
Peers Max Drawdown-14%-45%-25%-44%-41%-31% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: HLF, USNA, NUS, WW, BRBR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/1/2026 (YTD)

How Low Can It Go

EventMEDS&P 500
2025 US Tariff Shock
  % Loss-16.6%-18.8%
  % Gain to Breakeven19.9%23.1%
  Time to Breakeven75 days79 days
2023 SVB Regional Banking Crisis
  % Loss-27.6%-6.7%
  % Gain to Breakeven38.2%7.1%
  Time to Breakeven58 days31 days
2020 COVID-19 Crash
  % Loss-48.5%-33.7%
  % Gain to Breakeven94.2%50.9%
  Time to Breakeven70 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-51.0%-19.2%
  % Gain to Breakeven104.0%23.7%
  Time to Breakeven689 days105 days
2014-2016 Oil Price Collapse
  % Loss-20.6%-6.8%
  % Gain to Breakeven26.0%7.3%
  Time to Breakeven256 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-32.0%-17.9%
  % Gain to Breakeven47.0%21.8%
  Time to Breakeven325 days123 days

Compare to HLF, USNA, NUS, WW, BRBR

In The Past

Medifast's stock fell -16.6% during the 2025 US Tariff Shock. Such a loss loss requires a 19.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

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EventMEDS&P 500
2023 SVB Regional Banking Crisis
  % Loss-27.6%-6.7%
  % Gain to Breakeven38.2%7.1%
  Time to Breakeven58 days31 days
2020 COVID-19 Crash
  % Loss-48.5%-33.7%
  % Gain to Breakeven94.2%50.9%
  Time to Breakeven70 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-51.0%-19.2%
  % Gain to Breakeven104.0%23.7%
  Time to Breakeven689 days105 days
2014-2016 Oil Price Collapse
  % Loss-20.6%-6.8%
  % Gain to Breakeven26.0%7.3%
  Time to Breakeven256 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-32.0%-17.9%
  % Gain to Breakeven47.0%21.8%
  Time to Breakeven325 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-23.7%-15.4%
  % Gain to Breakeven31.0%18.2%
  Time to Breakeven20 days125 days
2008-2009 Global Financial Crisis
  % Loss-22.1%-53.4%
  % Gain to Breakeven28.4%114.4%
  Time to Breakeven17 days1085 days
Summer 2007 Credit Crunch
  % Loss-30.3%-8.6%
  % Gain to Breakeven43.6%9.5%
  Time to Breakeven343 days47 days

Compare to HLF, USNA, NUS, WW, BRBR

In The Past

Medifast's stock fell -16.6% during the 2025 US Tariff Shock. Such a loss loss requires a 19.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Medifast (MED)

Medifast, Inc., through its subsidiaries, manufactures and distributes weight loss, weight management, healthy living products, and other consumable health and nutritional products in the United States and the Asia-Pacific. The company offers bars, bites, pretzels, puffs, cereal crunch, drinks, hearty choices, oatmeal, pancakes, pudding, soft serves, shakes, smoothies, soft bakes, and soups under the OPTAVIA, Optimal Health by Take Shape for Life, and Flavors of Home brands. It markets its products through point-of-sale transactions over ecommerce platform. The company was founded in 1980 and is headquartered in Baltimore, Maryland.

AI Analysis | Feedback

Here are a few analogies for Medifast (MED):

  • A Nutrisystem specializing in a wide range of consumable weight loss and healthy living food products sold directly to consumers.

  • Like Nutrisystem or Jenny Craig, but with a strong emphasis on health coaching and community support for its weight management programs.

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  • Consumable Health and Nutritional Products: Medifast offers a diverse range of food items, such as bars, bites, pretzels, puffs, cereal crunch, drinks, hearty choices, oatmeal, pancakes, pudding, soft serves, shakes, smoothies, soft bakes, and soups, all formulated for weight loss, weight management, and healthy living.

AI Analysis | Feedback

Medifast (MED) primarily sells its products directly to individuals through its e-commerce platform and its OPTAVIA brand, which utilizes a direct-to-consumer, coach-led sales model. It does not primarily sell to other companies or major retailers.

The company serves the following categories of individual customers:

  • Individuals focused on weight loss: This category includes customers specifically seeking to achieve significant weight reduction through Medifast's structured meal plans and programs.
  • Individuals focused on weight management and maintenance: This category serves customers who have achieved their weight loss goals and are looking for ongoing solutions to maintain a healthy weight and prevent regain.
  • Individuals seeking general healthy living and nutritional support: This category encompasses customers interested in incorporating Medifast's broader range of healthy living products and nutritional supplements into their daily routine for overall wellness and improved health, beyond just weight-specific goals.

AI Analysis | Feedback

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AI Analysis | Feedback

Medifast, Inc. (MED) is a publicly traded company specializing in weight loss, weight management, and healthy living products, primarily through its OPTAVIA brand.

Dan Chard, Chairman and Chief Executive Officer

Dan Chard was appointed CEO of Medifast in October 2016 and Chairman in 2020. He brings over 25 years of experience in direct selling, marketing, and consumer products. Before joining Medifast, Mr. Chard served as President and Chief Operating Officer at PartyLite, a company affiliated with The Carlyle Group, a private equity firm. He also held significant leadership roles at Nu Skin Enterprises Inc., including President of Global Sales & Operations and President of Nu Skin Europe. Earlier in his career, he worked in marketing at PUR Recovery Engineering and The Pillsbury Company.

Jim Maloney, Chief Financial Officer

Jim Maloney was appointed Chief Financial Officer of Medifast in July 2020. In this role, he leads the finance function, including financial planning and analysis, capital allocation strategies, and investor relations. Prior to Medifast, Mr. Maloney served as Senior Vice President Chief Financial Officer of L.B. Foster Company, a publicly held global manufacturer. He also held the position of Chief Financial Officer at First Insight, Inc., a privately held company for which he continues to serve as a Board Advisor. His career also includes various roles at H.J. Heinz Company, such as Vice President of Global Financial Planning and Supply Chain Finance, and at Ernst & Young LLP.

Nicholas Johnson, President

Nicholas Johnson was appointed President of Medifast in 2026, having joined the company in 2018. He has held several executive management positions within Medifast, including Market President of OPTAVIA USA and President of Coach and Client Experience. Most recently, he served as Medifast's Chief Field Operations Officer since 2022. Before joining Medifast, Mr. Johnson was the Vice President of Sales and Marketing at Nu Skin Enterprises.

Jason L. Groves, Esq., Chief Legal Officer & Corporate Secretary

Jason Groves became Medifast's Chief Legal Officer & Corporate Secretary, overseeing the Office of the Chairman and the company's legal functions including compliance, litigation, regulatory, and government relations. He has been with Medifast since 2009, holding various executive management roles, and previously served as a director of the company from 2009 to 2015.

Claudia Greninger, Chief Human Resources Officer

Claudia Greninger serves as the Chief Human Resources Officer for Medifast.

AI Analysis | Feedback

The key risks to Medifast's business are primarily driven by increased competition and challenges within its core operating model.
  1. Competition from GLP-1 Weight Loss Medications: The emergence and growing acceptance of GLP-1 (Glucagon-like peptide-1) medications, such as Ozempic and Wegovy, pose a significant threat to Medifast's traditional weight management offerings. These medications have disrupted the weight loss market by offering consumers new and effective alternatives, leading to a decline in demand for Medifast's products and services. This competition has directly impacted client acquisition for Medifast's OPTAVIA program.
  2. Declining OPTAVIA Coach Network and Productivity: Medifast's business heavily relies on its network of independent OPTAVIA coaches for sales and client support. The company has experienced a consistent decline in the number of active earning coaches and a reduction in the average revenue generated per coach. This erosion of its direct-selling model directly affects the company's ability to acquire new clients and sustain its revenue base.
  3. Overall Revenue Decline and Unprofitability: As a direct consequence of the aforementioned competitive pressures and the shrinking coach network, Medifast has faced substantial declines in revenue and has become unprofitable in recent periods. The company's financial reports indicate significant year-over-year revenue decreases, widening losses, and reduced gross profit margins, with forecasts for continued declines in revenue and earnings in the near future.

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Emerging Threats

The rapid rise and increasing adoption of GLP-1 receptor agonist drugs (e.g., Ozempic, Wegovy, Mounjaro) for weight loss pose a significant emerging threat. These pharmaceutical interventions offer substantial weight reduction, potentially diminishing the demand for traditional dietary weight management programs and proprietary meal replacement products like those offered by Medifast. This shift in the weight loss landscape could lead consumers to prioritize medical solutions over structured food-based programs.

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Medifast (NYSE: MED) operates in several significant addressable markets related to weight loss, weight management, and health and nutritional products.

U.S. Market

  • Weight Management Market: The U.S. weight management market was estimated at USD 37.86 billion in 2023 and is projected to grow to USD 132.87 billion by 2034, with a compound annual growth rate (CAGR) of 4.99% from 2026 to 2034.
  • Weight Loss Market: The total U.S. weight loss market was estimated to be USD 90 billion in 2023. More specifically, the U.S. weight loss market is projected to reach US$ 21.09 billion in 2024 and US$ 40.93 billion by 2033, growing at a CAGR of 6.7% from 2024 to 2033.
  • Nutritional Supplements Market: The U.S. nutritional supplements market size was valued at USD 112.6 billion in 2024 and is anticipated to grow at a CAGR of 4.9% from 2025 to 2030, reaching USD 190.08 billion by 2035.
  • Health and Wellness Products Market: This market in the U.S. is projected to grow from USD 128.55 billion in 2024 to USD 324.15 billion by 2035, exhibiting a CAGR of 8.77% during the forecast period (2025 - 2035).
  • Healthy Foods Market: The United States healthy food industry is projected to grow from US$ 213.03 billion in 2025 to US$ 403.74 billion by 2033, at a CAGR of 8.32% between 2025 and 2033.

Asia-Pacific Market

  • Weight Management Market: The Asia Pacific weight management market size reached USD 143.0 billion in 2024 and is expected to reach USD 238.0 billion by 2033, exhibiting a CAGR of 5.9% during 2025-2033.
  • Weight Loss Market: The Asia-Pacific Weight Loss Market was valued at USD 101.9 billion in 2024 and is expected to expand to USD 210.94 billion by 2033, at a CAGR of 8.42% during 2025-2033.
  • Nutritional Supplements Market: The Asia Pacific nutritional supplements market size was valued at USD 192.44 billion in 2024 and is expected to grow at a CAGR of 6.71% from 2025 to 2030, reaching USD 283.81 billion by 2030.
  • Healthy Food Market: The Asia-Pacific healthy food market recorded revenues of $270.6 billion in 2024.
  • Health and Wellness Food Market: The Asia-Pacific Health and Wellness Food Market is projected to expand from USD 185.4 billion in 2025 to approximately USD 422.7 billion by 2033, driven by a CAGR of 10.9% during the 2026–2033 forecast period.

AI Analysis | Feedback

Medifast (MED) is focusing on several key initiatives to drive future revenue growth over the next two to three years, despite facing a challenging market environment and recent revenue declines. These expected drivers stem from the company's strategic transformation to address evolving consumer needs in the health and wellness sector:

  1. Transformation to a Metabolic Health-Focused Business Model and New Product Launches: Medifast is repositioning its business from primarily weight loss to a broader metabolic health-focused model. This includes developing and launching new product lines, such as those focused on metabolic synchronization, designed to reduce visceral fat and improve body composition. These new offerings are intended to cater to a wider client base, including those who have used GLP-1 medications and are looking to maintain weight or improve body composition. New product launches are anticipated in the latter half of 2026, with expected improvements in profitability continuing into 2027 and beyond.
  2. Collaboration with Telehealth Provider LifeMD: Medifast is enhancing its health and wellness solutions through a collaboration with telehealth provider LifeMD. This partnership aims to offer a more comprehensive approach, including access to medically supported weight loss solutions, thereby expanding Medifast's service offerings and reach to new customer segments.
  3. Improved Coach Productivity and Accelerated Customer Acquisition: A key priority for Medifast is to reestablish growth by driving coach productivity and accelerating customer acquisition. Management has reported early signs of success in improving coach productivity, which historically has been a leading indicator of broader improvements in client acquisition and coach growth. Efforts are underway to expand the number of active earning coaches to broaden reach and restore revenue.
  4. Company-Led National Marketing Campaign: To support customer acquisition and enhance brand visibility, Medifast plans to launch a new company-led national marketing campaign. This reimagined framework for customer acquisition is expected to raise awareness of the benefits of Medifast's holistic, coach-guided approach and reinforce its brand presence in the market.

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Share Repurchases

  • Medifast did not repurchase any shares during 2025 or 2024.
  • Approximately 1.3 million shares remained available for repurchase under the company's Stock Repurchase Plan as of February 2026.
  • In June 2022, Medifast entered into a $100 million accelerated share repurchase agreement.

Share Issuance

  • Medifast increased its share-based compensation activities in 2025, granting restricted stock and performance-based share awards.
  • In June 2025, stockholders approved an amendment to the 2012 Share Incentive Plan, increasing the number of shares authorized for issuance by 550,000 shares.

Outbound Investments

  • Medifast sold its investment in LifeMD common stock during the second quarter of 2025, resulting in a gain of $2.6 million in Q2 2025.
  • The company is evaluating potential acquisitions to complement its business, which may involve using working capital or issuing equity or debt.

Capital Expenditures

  • Capital expenditures were $1.4 million in the fourth quarter of 2025, representing a 40.9% decrease year-over-year.
  • The company plans to continue investing in growth initiatives focused on metabolic health and product innovation.
  • Medifast is also investing in digital platforms to enhance coach and client experiences.

Better Bets vs. Medifast (MED)

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WEN_4242026_Short_Squeeze04242026WENWendy'sSpecialShort Squeeze PotentialShort Squeeze Potential
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WHR_4102026_Short_Squeeze04102026WHRWhirlpoolSpecialShort Squeeze PotentialShort Squeeze Potential
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SKY_4022026_Dip_Buyer_FCFYield04022026SKYChampion HomesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
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-9.9%-41.5%-41.5%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MEDHLFUSNANUSWWBRBRMedian
NameMedifast HerbalifeUsana He.Nu Skin .WW Inter.BellRing. 
Mkt Price10.9116.2819.357.1910.6717.2013.60
Mkt Cap0.11.70.40.30.12.10.4
Rev LTM3865,0389251,4857242,3211,205
Op Inc LTM-1448151915232171
FCF LTM1253946-24746
FCF 3Y Avg532133959-20859
CFO LTM73332280-25480
CFO 3Y Avg6032551104-212104

Growth & Margins

MEDHLFUSNANUSWWBRBRMedian
NameMedifast HerbalifeUsana He.Nu Skin .WW Inter.BellRing. 
Rev Chg LTM-36.0%0.9%8.3%-14.3%-10.6%0.9%
Rev Chg 3Y Avg-37.6%-1.1%-2.2%-12.6%-17.7%-2.2%
Rev Chg Q-36.9%6.3%5.9%-16.9%-0.8%0.8%
QoQ Delta Rev Chg LTM-10.2%1.5%1.4%-4.8%-0.2%0.2%
Op Inc Chg LTM-593.6%24.6%-23.3%79.0%--25.4%-23.3%
Op Inc Chg 3Y Avg-241.0%-0.6%-21.9%-1.2%-15.2%-1.2%
Op Mgn LTM-3.7%9.5%5.5%6.1%7.2%13.8%6.6%
Op Mgn 3Y Avg2.9%8.1%7.8%4.2%-16.9%7.8%
QoQ Delta Op Mgn LTM-2.4%-0.3%0.9%2.2%--1.6%-0.3%
CFO/Rev LTM1.8%6.6%2.4%5.4%-11.0%5.4%
CFO/Rev 3Y Avg6.5%6.5%5.7%6.0%-10.6%6.5%
FCF/Rev LTM0.3%5.0%0.9%3.1%-10.6%3.1%
FCF/Rev 3Y Avg5.4%4.2%4.3%3.4%-10.4%4.3%

Valuation

MEDHLFUSNANUSWWBRBRMedian
NameMedifast HerbalifeUsana He.Nu Skin .WW Inter.BellRing. 
Mkt Cap0.11.70.40.30.12.10.4
P/S0.30.30.40.20.10.90.3
P/Op Inc-8.43.57.03.82.16.43.7
P/EBIT-8.43.48.41.7-13.26.42.6
P/E-6.47.433.22.2-1.311.24.8
P/CFO17.55.115.84.3-8.18.1
Total Yield-15.4%13.6%3.0%49.3%-78.0%8.9%6.0%
Dividend Yield0.2%0.0%0.0%3.4%0.0%0.0%0.0%
FCF Yield 3Y Avg9.7%19.3%5.1%12.2%-4.2%9.7%
D/E0.11.30.10.90.00.60.3
Net D/E-1.31.1-0.40.20.00.50.1

Returns

MEDHLFUSNANUSWWBRBRMedian
NameMedifast HerbalifeUsana He.Nu Skin .WW Inter.BellRing. 
1M Rtn8.0%13.1%12.4%-2.3%-24.1%10.0%9.0%
3M Rtn-4.6%-5.6%-10.8%-31.8%-47.3%-30.8%-20.8%
6M Rtn-9.2%103.5%-8.5%-32.1%-69.4%-42.9%-20.7%
12M Rtn-15.9%145.6%-31.0%19.7%-73.3%-77.7%-23.5%
3Y Rtn-87.1%14.6%-71.2%-79.9%-73.3%-52.9%-72.3%
1M Excs Rtn-1.9%3.2%2.4%-12.3%-34.1%0.0%-1.0%
3M Excs Rtn-8.8%-9.8%-15.0%-36.0%-51.5%-35.0%-25.0%
6M Excs Rtn-15.4%98.1%-6.3%-36.5%-74.4%-49.2%-26.0%
12M Excs Rtn-46.8%96.3%-60.9%-13.4%-103.2%-107.5%-53.9%
3Y Excs Rtn-165.8%-66.4%-149.8%-158.0%-151.6%-129.4%-150.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
OPTA VIA6021,0721,5991,526935
Total6021,0721,5991,526935


Net Income by Segment
$ Mil20252024202320222021
OPTA VIA2    
Total2    


Price Behavior

Price Behavior
Market Price$10.91 
Market Cap ($ Bil)0.1 
First Trading Date12/31/1993 
Distance from 52W High-28.3% 
   50 Days200 Days
DMA Price$10.43$11.97
DMA Trenddowndown
Distance from DMA4.6%-8.8%
 3M1YR
Volatility34.0%37.7%
Downside Capture0.710.70
Upside Capture75.3370.85
Correlation (SPY)36.0%31.3%
MED Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.610.660.830.670.950.59
Up Beta0.810.911.250.980.920.51
Down Beta-4.28-0.34-0.060.110.820.42
Up Capture55%74%73%49%65%5%
Bmk +ve Days15223166141428
Stock +ve Days13243258114341
Down Capture30%85%105%95%121%105%
Bmk -ve Days4183056108321
Stock -ve Days9173063133405

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MED
MED-17.1%37.8%-0.42-
Sector ETF (XLY)21.3%18.8%0.9035.8%
Equity (SPY)30.6%12.5%1.8831.6%
Gold (GLD)39.5%27.2%1.20-9.1%
Commodities (DBC)51.5%17.9%2.20-10.0%
Real Estate (VNQ)13.1%13.5%0.6737.6%
Bitcoin (BTCUSD)-18.2%42.1%-0.3623.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MED
MED-44.5%44.8%-1.16-
Sector ETF (XLY)6.7%23.8%0.2433.9%
Equity (SPY)12.8%17.1%0.5931.4%
Gold (GLD)20.5%17.9%0.945.7%
Commodities (DBC)14.3%19.1%0.616.3%
Real Estate (VNQ)3.5%18.8%0.0935.2%
Bitcoin (BTCUSD)7.4%56.1%0.3516.5%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MED
MED-7.4%47.1%0.02-
Sector ETF (XLY)12.7%22.0%0.5335.8%
Equity (SPY)14.9%17.9%0.7134.4%
Gold (GLD)13.6%15.9%0.715.7%
Commodities (DBC)9.7%17.7%0.4612.2%
Real Estate (VNQ)5.7%20.7%0.2432.2%
Bitcoin (BTCUSD)67.4%66.9%1.0711.2%

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Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity2.2 Mil
Short Interest: % Change Since 33120265.3%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest9.3 days
Basic Shares Quantity11.0 Mil
Short % of Basic Shares19.7%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/17/2026-0.8%-3.0%-6.5%
11/3/20250.8%-0.8%-8.6%
8/4/2025-3.3%-5.0%3.3%
2/18/2025-11.4%-10.8%-12.3%
8/5/2024-2.8%-7.4%-9.2%
2/20/2024-17.5%-14.7%-27.0%
11/6/2023-2.5%-12.0%2.2%
8/7/2023-6.9%-3.8%-16.2%
...
SUMMARY STATS   
# Positive454
# Negative131213
Median Positive3.5%9.2%10.3%
Median Negative-3.3%-8.9%-9.2%
Max Positive8.5%11.1%39.7%
Max Negative-17.5%-25.1%-30.8%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/17/202610-K
09/30/202511/03/202510-Q
06/30/202508/04/202510-Q
03/31/202504/28/202510-Q
12/31/202402/18/202510-K
09/30/202411/04/202410-Q
06/30/202408/05/202410-Q
03/31/202404/29/202410-Q
12/31/202302/20/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/01/202310-Q
12/31/202202/21/202310-K
09/30/202211/03/202210-Q
06/30/202208/03/202210-Q
03/31/202205/02/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/17/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue65.00 Mil72.50 Mil80.00 Mil0 AffirmedGuidance: 72.50 Mil for Q4 2025
Q1 2026 Loss Per Share-0.7-0.42-0.15-56.4% RaisedGuidance: -0.97 for Q4 2025
2026 Revenue270.00 Mil285.00 Mil300.00 Mil   
2026 Loss Per Share-2.75-2.15-1.55   

Prior: Q3 2025 Earnings Reported 11/3/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Revenue65.00 Mil72.50 Mil80.00 Mil-9.4% LoweredGuidance: 80.00 Mil for Q3 2025
Q4 2025 Diluted Loss Per Share-1.25-0.97-0.7225.0% LoweredGuidance: -0.3 for Q3 2025

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Chard, Daniel RChairman & CEODan and Allyson as Joint TenantsBuy327202610.1117,678178,725178,725Form
2Chard, Daniel RChairman & CEOThe Dan and Allyson Family Irrevocable TrustBuy617202513.133815,0031,965,539Form