Saturday 17 October 2026 Export EYE’s income statement to Excel — free account

National Vision Holdings, Inc.

National Vision Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 9.00% from fiscal 2024. In the quarter to June 2026, revenue grew 2.55%, EPS grew 45.5%, free cash flow fell 133.2% and total debt fell 12.7%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

17.43 0.23 −1.30%

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Market cap: $1.4B
P/E: 27.7×
Fwd P/E: 22.2×
Dividend yield: —
F-score: 8/9
Altman Z: 2.27
Beneish M: −2.59
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.78

Total sells 1.27

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	—
Sell	—	—	—	—	2	—	—	—	—	—	—	—

Insider Ownership 3.49%

Capital & Financial Ratios $m

Market Cap 1,400.00

Revenue 2,033.43

Net Income 50.29

Free Cash Flow 49.08

Net Debt 201.74

Current Ratio 0.59

Debt/Equity 0.27

P/E ratio 27.67

Fwd P/E 22.20

P/S ratio 0.68

P/B ratio 1.55

Past 5Y EPS Growth (3.41%)

This Y EPS Growth 26.03%

Next Y EPS Growth 19.83%

Next Y revenue growth 3.60%

Next 5Y EPS Growth 22.73%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 11.80%

10-year low 10-year high

P/S against its own 10 years 12.95%

10-year low 10-year high

P/B against its own 10 years 15.57%

10-year low 10-year high

EV/Sales against its own 10 years 11.97%

10-year low 10-year high

EV/FCF against its own 10 years 35.55%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	150	74	39	36
Receivables	87	50	57	35
Inventory	120	94	89	123
Other	—	—	—	—
	397	250	226	227

	2023	2024	2025	Q'26
Payables	68	54	79	77
ST’ Debt	10	101	17	16
Other	—	—	—	—
	398	468	412	383

Compound Annual Growth %

	10y	5y	3y
Sales	6.46%	3.03%	6.51%
Cash Flow	5.81%	(9.04%)	7.07%
Earnings	23.39%	(3.99%)	(11.09%)
Book Value	8.45%	(0.83%)	(1.18%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	544	499	—	—	—
’25	510	486	487	503	1,987
’24	483	452	452	437	1,823
’23	521	432	439	365	1,756
’22	528	510	499	108	1,645
’21	534	549	518	478	2,080
’20	470	260	485	497	1,712

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	62	8	—	—	—
’25	32	54	47	13	146
’24	24	51	28	30	134
’23	74	38	41	20	173
’22	47	41	33	(2)	119
’21	98	92	44	25	259
’20	86	(15)	132	31	235

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	44	(14)	—	—	—
’25	12	42	30	(11)	73
’24	4	32	4	(2)	38
’23	46	12	13	(13)	58
’22	19	13	3	(30)	6
’21	81	70	24	(11)	163
’20	73	(27)	117	(5)	158

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.38	0.15	—	—	—
’25	0.18	0.11	0.04	0.04	0.37
’24	0.15	(0.04)	(0.11)	(0.36)	(0.36)
’23	0.22	0.07	(0.94)	(0.20)	(0.84)
’22	0.34	0.12	0.15	(0.12)	0.52
’21	0.48	0.42	0.45	0.07	1.43
’20	0.12	(0.55)	0.42	0.42	0.44

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	27.19	25.60	22.02	11.70	41.58	22.59	13.71	9.56	10.16	Analyst estimates 2026–2028 Powerpack
	High	—	40.76	46.63	35.66	50.00	65.92	49.54	43.82	24.11	29.87
People
People	Employees	10,360	10,902	10,668	11,781	12,792	13,735	13,975	13,998	13,411	13,138
	Revenue/emp, $m	0.12	0.13	0.14	0.15	0.13	0.15	0.12	0.13	0.14	0.15
Income, $m
Income, $m	Revenue	1,196	1,375	1,537	1,724	1,712	2,080	1,645	1,756	1,823	1,987
	Gross margin, %	54.46	53.69	53.57	53.23	54.05	56.49	59.40	58.17	58.10	58.77
	EBT	25	4	5	30	39	149	52	10	(26)	42
	EBT margin, %	2.09	0.31	0.32	1.77	2.26	7.18	3.18	0.54	(1.41)	2.10
	Net income	13	43	24	33	36	128	42	(66)	(28)	30
	Depreciation	57	69	76	89	103	106	109	105	101	101
Per share, $
Per share, $	Revenue	21.29	22.96	20.25	21.94	21.25	25.42	20.60	22.43	23.20	25.12
	Earnings	0.24	0.77	0.31	0.42	0.45	1.57	0.53	(0.84)	(0.36)	0.37
	Cash flow	1.74	1.51	1.40	2.10	2.92	3.16	1.49	2.21	1.70	1.85
	Capex	(1.60)	(1.56)	(1.38)	(1.29)	(0.95)	(1.17)	(1.42)	(1.47)	(1.22)	(0.92)
	Free cash flow	0.13	(0.05)	0.03	0.81	1.96	2.00	0.07	0.74	0.49	0.93
	Book value	7.15	10.93	9.79	9.88	11.25	11.32	11.29	10.59	10.39	10.99
	Shares, m	56	60	76	79	81	82	80	78	79	79
Valuation, ×
Valuation, ×	P/E	77.16	56.17	80.49	78.11	102.93	30.57	76.31	0.00	0.00	69.78
	P/S	1.16	1.75	1.39	1.48	2.13	1.89	1.93	0.95	0.45	1.03
	P/B	6.17	3.68	2.88	3.28	4.03	4.24	3.52	2.01	1.00	2.35
	EV/Sales	1.82	2.16	1.76	1.79	2.30	2.02	2.13	1.12	0.60	1.13
	EV/FCF	199.24	(1,003.37)	1,264.19	48.30	24.85	25.64	620.38	33.91	28.71	30.64
Cash, $m
Cash, $m	Operating cash flow	98	90	107	165	235	259	119	173	134	146
	Capex	(90)	(93)	(104)	(101)	(77)	(96)	(114)	(115)	(96)	(73)
	Free cash flow	8	(3)	2	64	158	163	6	58	38	73
Balance, $m
Balance, $m	Working capital	(52)	(49)	3	(39)	238	171	130	(1)	(218)	(187)
	Total debt	746	569	578	570	655	570	568	461	350	246
	Net debt	741	565	561	530	281	264	338	311	276	207
	Shareholders’ equity	402	655	743	776	907	926	901	829	816	870
Returns, %
Returns, %	ROA	0.89	2.77	1.46	1.78	1.66	5.54	1.84	(2.95)	(1.36)	1.48
	ROIC	3.50	3.29	2.03	3.52	4.58	9.19	2.66	1.34	(0.59)	3.41
	ROE	3.39	8.17	3.38	4.32	4.31	14.00	4.61	(7.62)	(3.46)	3.51

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
RH RH	$2.2B	19.1×	27.9×	+2.56% (above 0%: growing)	+15.22% (above 0%: growing)	+23.83% (above 0%: growing)	48.24%	11.67%	Compare
SBH Sally Beauty Holdings, Inc.	$1.6B	8.4×	5.9×	+0.23% (above 0%: growing)	+23.91% (above 0%: growing)	+25.44% (above 0%: growing)	52.41%	9.24%	Compare
SVV Savers Value Village, Inc.	$1.6B	62.9×	21.8×	+7.43% (above 0%: growing)	+16.67% (above 0%: growing)	+104.50% (above 0%: growing)	56.87%	9.43%	Compare
ARHS Arhaus, Inc.	$1.4B	20.0×	13.3×	+7.38% (above 0%: growing)	+12.00% (above 0%: growing)	+130.85% (above 0%: growing)	44.71%	14.10%	Compare
EYE National Vision Holdings, Inc.	$1.4B	27.7×	22.2×	+2.55% (above 0%: growing)	+45.45% (above 0%: growing)	−133.21% (below 0%: shrinking)	58.23%	4.27%
HZO MarineMax, Inc.	$1.2B	291×	77.1×	−6.98% (below 0%: shrinking)	n/m	+0.54% (above 0%: growing)	35.68%	6.09%	Compare
WINA Winmark Corporation	$1.1B	27.3×	31.8×	+23.23% (above 0%: growing)	+5.22% (above 0%: growing)	−5.68% (below 0%: shrinking)	82.89%	56.60%	Compare
WOOF Petco Health and Wellness Company, Inc.	$683.1M	21.2×	32.0×	+0.05% (above 0%: growing)	+180.00% (above 0%: growing)	+136.50% (above 0%: growing)	39.70%	3.21%	Compare
BWMX Betterware de Mexico SAPI de C	$644.0M	8.8×	7.7×	+30.92% (above 0%: growing)	+28.89% (above 0%: growing)	−11.82% (below 0%: shrinking)	65.49%	16.37%	Compare
Median of peers	$1.3B	20.6×	24.9×	+4.97%	+16.67%	+24.64%	50.33%	10.55%

All 49 Specialty Retail stocks →

National Vision Holdings, Inc. (EYE) key facts

Strength: National Vision Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 9.00% from fiscal 2024.
National Vision Holdings, Inc. (EYE) is a Specialty Retail company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, EYE traded at $17.43, a market capitalization of $1.4 billion.
Return on equity was 3.51% and debt-to-equity 0.26.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 2.27 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.