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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 | -44.8% | 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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 545.20 | 356.40 | 385.90 | 481 |
| EBITDA | 679.50 | 482.20 | 509.10 | 610.70 |
| EBIT | 564.10 | 368.90 | 387.70 | 489.50 |
| Pretax Income | 424.80 | 203 | 169.40 | 275.10 |
| Tax Provision | 103.50 | 60.80 | -84.90 | 47.30 |
| Net Income | 321.30 | 142.20 | 254.30 | 228.30 |
| Net Income Common Stockholders | 321.30 | 142.20 | 254.30 | 228.30 |
| Total Expenses | 4,659.20 | 4,706 | 4,607.20 | 4,556.50 |
| Interest Expense | 139.30 | 165.90 | 218.30 | 214.40 |
| Interest Income | 6.10 | 11.50 | 12.30 | 8.50 |
| Selling General And Administration | 1,810.40 | 3,525.20 | 3,508.40 | 3,446.70 |
| Normalized EBITDA | 679.50 | 482.20 | 509.10 | 610.70 |
| Normalized Income | 321.30 | 142.20 | 254.30 | 228.30 |
| Basic EPS | 3.26 | 1.44 | 2.53 | 2.22 |
| Diluted EPS | 3.23 | 1.42 | 2.50 | 2.20 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.24 | 0.30 | 0.21 | 0.17 |
| Net Income From Continuing Operation Net Minority Interest | 321.30 | 142.20 | 254.30 | 228.30 |
| 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 |
| Net Interest Income | -133.20 | -154.40 | -206 | -205.90 |
| Net Income From Continuing And Discontinued Operation | 321.30 | 142.20 | 254.30 | 228.30 |
| Total Operating Income As Reported | 545.20 | 356.40 | 385.90 | 481 |
| Diluted Average Shares | 99.50 | 100.20 | 101.60 | 103.60 |
| Basic Average Shares | 98.50 | 99 | 100.60 | 102.80 |
| Diluted NI Availto Com Stockholders | 321.30 | 142.20 | 254.30 | 228.30 |
| Minority Interests | 0 | 0 | 0 | 0.50 |
| Net Income Including Noncontrolling Interests | 321.30 | 142.20 | 254.30 | 227.80 |
| Net Income Continuous Operations | 321.30 | 142.20 | 254.30 | 227.80 |
| Other Income Expense | 12.80 | 1 | -10.50 | 0 |
| Other Non Operating Income Expenses | 12.80 | 1 | -10.50 | 0 |
| Net Non Operating Interest Income Expense | -133.20 | -154.40 | -206 | -205.90 |
| Interest Expense Non Operating | 139.30 | 165.90 | 218.30 | 214.40 |
| Interest Income Non Operating | 6.10 | 11.50 | 12.30 | 8.50 |
| Other Operating Expenses | 1,675.20 | -10.20 | -5.50 | -4.80 |
| Selling And Marketing Expense | 0 | 1,824.20 | 1,782.80 | 1,782.40 |
| General And Administrative Expense | 0 | 1,701 | 1,725.60 | 1,664.30 |
| Other Gand A | 0 | 1,701 | 1,725.60 | 1,664.30 |
| Operating Revenue | 5,204.40 | 5,062.40 | 4,993.10 | 5,037.50 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Herbalife Ltd.this co. | HLF | $1.7B | 7.26↓ discount | -3.20 | -44.8% | 5.64 |
| Spectrum Brands Holdings, Inc. | SPB | $1.9B | 19.26 | 1.00 | 5.2% | 9.88 |
| Weis Markets, Inc. | WMK | $1.7B | 18.99 | 1.27 | 6.9% | 7.02 |
| Ingles Markets, Incorporated | IMKTA | $1.7B | 17.77 | 1.03 | 5.2% | 8.78 |
| Strategic Education, Inc. | STRA | $1.7B | 13.20 |
| 1.02 |
| 7.7% |
| 6.71 |
| J&J Snack Foods Corp. | JJSF | $1.6B | 24.39 | 1.66 | 6.8% | 10.28 |
| Turning Point Brands, Inc. | TPB | $1.5B | 24.82 | 4.17 | 15.6% | 14.86 |
| Dole plc | DOLE | $1.4B | 14.69 | 1.04 | 3.4% | 7.65 |
| The Simply Good Foods Company | SMPL | $1.3B | 11.94 | 0.68 | 5.7% | 7.70 |
| Peer Median | - | 18.38 | 1.03 | 6.3% | 8.24 | |