Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<div><ul><li>HLF reported 4Q25 adjusted diluted EPS of $0.45 versus $0.36 in the year-ago quarter, up 25%. </li><li>Management does not provide guidance for adjusted EPS. However, 4Q25 sales and adjusted EBITDA each exceeded the top end of management’s previous expected ranges.</li><li>The company also announced that global sports icon Cristiano Ronaldo acquired a 10% equity stake in HBL Pro2col Software, LLC, which is the HLF subsidiary that holds the Pro2col technology. </li></ul></div>

HLF reported 4Q25 adjusted diluted EPS of $0.45 versus $0.36 in the year-ago quarter, up 25%. Management does not provide guidance for adjusted EPS. However, 4Q25 sales and adjusted EBITDA each exceeded the top end of management’s previous expected ranges.The company also announced that global sports icon Cristiano Ronaldo acquired a 10% equity stake in HBL Pro2col Software, LLC, which is the HLF subsidiary that holds the Pro2col technology. 

HLF: 4Q25 Upside; Underlying Momentum Continues to Build

Herbalife Ltd

HLF: 4Q25 Upside; Underlying Momentum Continues to Build