Mannatech, Incorporated MTEX

Competitive advantage analysis · consumer-defensive

Corporate Default
Overall moat score
37/100
Developing

About Mannatech, Incorporated

Mannatech, Incorporated operates as a wellness solution provider. The company develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management and fitness products. It primarily sells its products through network marketing distribution channels and e-commerce model. The company operates in the United States, Canada, Mexico, Austria, the Czech Republic, Denmark, Estonia, Finland, Germany, the Republic … Full MTEX analysis →

Competitive advantage assessment

Key strengths

  • ROIC Sustainably Above Peers ROIC at 83.3th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.75), suggesting sticky customer base.

Key risks

  • Volatile Margins Suggest Cyclicality Margin volatility is high (stability score 0.33), suggesting cyclical exposure or competitive pressure.
  • Inconsistent Cash Generation Cash generation is inconsistent (score 0.08), indicating operational challenges.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
33

Where MTEX ranks in Food Distribution

Mannatech, Incorporated ranks #10 of 14 scored companies in Food Distribution by moat score — the top 71%. The widest moat in the group is G. Willi-Food International, L (WILC) at 75/100.

Moat scores for companies ranked near MTEX in Food Distribution
# Company Moat score Rating
6 The Chefs' Warehouse, Inc. CHEF 57/100 Moderate
7 Mission Produce, Inc. AVO 55/100 Moderate
8 The Andersons, Inc. ANDE 53/100 Moderate
9 United Natural Foods, Inc. UNFI 45/100 Developing
10 Mannatech, Incorporated MTEX 37/100 Developing
11 AMCON Distributing Company DIT 34/100 Developing
12 Top Wealth Group Holding Limite TWG 32/100 Developing
13 HF Foods Group Inc. HFFG 23/100 Weak
14 SpartanNash Company SPTN 0/100 Weak

See every General Corporate company ranked by moat score →

How MTEX scores on the Corporate Default defenses

Pricing Power

Score 33 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 24 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 50 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 44 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 29 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 34 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding MTEX's moat

What is Mannatech, Incorporated's moat score?

Mannatech, Incorporated (MTEX) scores 37 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #10 of 14 scored companies in Food Distribution, the top 71%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 13 companies in Food Distribution. Its strongest defense is Customer Stickiness (50/100) and its weakest is Cost Advantage (24/100).

How does Mannatech, Incorporated compare with other Food Distribution companies?

Mannatech, Incorporated ranks #10 of 14 scored companies in Food Distribution by moat score. The widest moat in Food Distribution is G. Willi-Food International, L (WILC) at 75/100. The companies ranked closest are United Natural Foods, Inc. (UNFI) at 45 just above it and AMCON Distributing Company (DIT) at 34 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 13 companies in Food Distribution. The defenses are then weighted to produce the overall score out of 100.

Why is Mannatech, Incorporated scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Mannatech, Incorporated?

The Corporate Default template measures 6 defenses, and MTEX scores: Pricing Power (33), Cost Advantage (24), Customer Stickiness (50), Capital Efficiency (44), Resilience (29), Scale & Market Position (34). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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