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Herbalife Ltd., together with its subsidiaries, provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers weight management products, including meal replacement, protein shakes, drink mixes, weight loss supplements, healthy snacks, and metabolism boosting teas; targeted nutrition products comprising functional beverages and dietary and nutritional supplements containing herbs, vitamins, minerals and other natural ingredients; energy, sports, and fitness products; and facial skin care, body care, and hair care products. The company also provides literature, promotional, and other materials, such as start-up kits, sales tools, and educational materials. It sells its products through sales representatives, independent service providers, and company-operated retail stores and platforms. The company was formerly known as Herbalife Nutrition Ltd. and changed its name to Herbalife Ltd. in April 2023. Herbalife Ltd. was founded in 1980 and is headquartered in Los Angeles, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.0B | $611M | $228M | $253M | -44.3% | 0.9% | -10.2% |
| 2024 | $5.0B | $509M | $254M | $163M | -31.7% | -1.4% | 78.8% |
| 2023 | $5.1B | $482M | $142M | $223M | -13.4% | -2.7% | -55.7% |
| 2022 | $5.2B | $680M | $321M | $196M | -25.4% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 5,204.40 | 5,062.40 | 4,993.10 | 5,037.50 |
| Operating Revenue | - | 5,204.40 | 5,062.40 | 4,993.10 | 5,037.50 |
| Cost Of Revenue | - | 1,173.60 | 1,191 | 1,104.30 | 1,114.60 |
| Gross Profit | - | 4,030.80 | 3,871.40 | 3,888.80 | 3,922.90 |
| Operating Expense | - | 3,485.60 | 3,515 | 3,502.90 | 3,441.90 |
| Selling General And Administration | - | 1,810.40 | 3,525.20 | 3,508.40 | 3,446.70 |
| Total Expenses | - | 4,659.20 | 4,706 | 4,607.20 | 4,556.50 |
| Operating Income | - | 545.20 | 356.40 | 385.90 | 481 |
| Total Operating Income As Reported | - | 545.20 | 356.40 | 385.90 | 481 |
| EBITDA | - | 679.50 | 482.20 | 509.10 | 610.70 |
| Normalized EBITDA | - | 679.50 | 482.20 | 509.10 | 610.70 |
| EBIT | - | 564.10 | 368.90 | 387.70 | 489.50 |
| Interest Income | - | 6.10 | 11.50 | 12.30 | 8.50 |
| Interest Expense | - | 139.30 | 165.90 | 218.30 | 214.40 |
| Net Interest Income | - | -133.20 | -154.40 | -206 | -205.90 |
| Other Non Operating Income Expenses | -24.60 | 12.80 | 1 | -10.50 | - |
| Other Income Expense | -24.60 | 12.80 | 1 | -10.50 | - |
| Interest Income Non Operating | - | 6.10 | 11.50 | 12.30 | 8.50 |
| Interest Expense Non Operating | - | 139.30 | 165.90 | 218.30 | 214.40 |
| Net Non Operating Interest Income Expense | - | -133.20 | -154.40 | -206 | -205.90 |
| Pretax Income | - | 424.80 | 203 | 169.40 | 275.10 |
| Tax Provision | - | 103.50 | 60.80 | -84.90 | 47.30 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 321.30 | 142.20 | 254.30 | 227.80 |
| Net Income From Continuing And Discontinued Operation | - | 321.30 | 142.20 | 254.30 | 228.30 |
| Net Income From Continuing Operation Net Minority Interest | - | 321.30 | 142.20 | 254.30 | 228.30 |
| Net Income | - | 321.30 | 142.20 | 254.30 | 228.30 |
| Net Income Common Stockholders | - | 321.30 | 142.20 | 254.30 | 228.30 |
| Net Income Including Noncontrolling Interests | - | 321.30 | 142.20 | 254.30 | 227.80 |
| Normalized Income | - | 321.30 | 142.20 | 254.30 | 228.30 |
| Diluted NI Availto Com Stockholders | - | 321.30 | 142.20 | 254.30 | 228.30 |
| Basic Average Shares | - | 98.50 | 99 | 100.60 | 102.80 |
| Diluted Average Shares | - | 99.50 | 100.20 | 101.60 | 103.60 |
| Reconciled Depreciation | - | 115.40 | 113.30 | 121.40 | 121.20 |
| Reconciled Cost Of Revenue | - | 1,173.60 | 1,191 | 1,104.30 | 1,114.60 |
| Minority Interests | - | - | 0 | 0 | 0.50 |
| General And Administrative Expense | - | - | 1,701 | 1,725.60 | 1,664.30 |
| Other Gand A | - | - | 1,701 | 1,725.60 | 1,664.30 |
| Other Operating Expenses | - | 1,675.20 | -10.20 | -5.50 | -4.80 |
| Selling And Marketing Expense | - | - | 1,824.20 | 1,782.80 | 1,782.40 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Herbalife Ltd.this co. | HLF | $1.2B | 5.17↓ discount | -2.29 | -44.3% | 4.93 |
| Fresh Del Monte Produce Inc. | FDP | $1.4B | 15.41 | 0.69 | 4.5% | 7.97 |
| J&J Snack Foods Corp. | JJSF | $1.4B | 21.22 | 1.44 | 6.8% | 8.99 |
| Dole plc | DOLE | $1.3B | 25.83 | 0.97 | 3.8% | 6.63 |
| Universal Corporation | UVV | $1.3B | 40.37 |
| - |
| - |
| - |
| - |
| 0.93 |
| 2.3% |
| 9.54 |
| Phoenix Education Partners, Inc. | PXED | $1.1B | 8.34 | 4.53 | 54.3% | 5.15 |
| The Simply Good Foods Company | SMPL | $1.1B | 10.44 | 0.60 | 5.7% | 6.87 |
| Seneca Foods Corporation | SENEA | $984M | 23.87 | 1.56 | 6.5% | 9.86 |
| American Public Education, Inc. | APEI | $972M | 30.80 | 3.30 | 10.7% | 14.99 |
| Peer Median | - | 22.55 | 1.21 | 6.1% | 8.48 | |