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

Nathan's Famous, Inc.

Nathan's Famous, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $162.1 million, up 9.37% from fiscal 2025. In the quarter to June 2026, revenue grew 15.0%, EPS was flat, free cash flow grew 363.3% and total debt fell 4.67%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five.

101.90 0.02 +0.02%

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Market cap: $417.5M
P/E: 20.9×
Fwd P/E: 24.9×
Dividend yield: 1.47%
F-score: 4/9
Altman Z: 9.36
Beneish M: −2.01
Dividend safety: 32/100

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

Insider Decisions trades per month

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

Insider Ownership 29.91%

Capital & Financial Ratios $m

Market Cap 417.47

Revenue 169.13

Net Income 19.92

Free Cash Flow 19.08

Net Debt 22.88

Current Ratio 2.45

Debt/Equity (6.64)

P/E ratio 20.92

Fwd P/E 24.90

P/S ratio 2.47

P/B ratio 0.00

Past 5Y EPS Growth 12.51%

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth (26.64%)

Next 5Y EPS Growth —

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 65.94%

10-year low 10-year high

P/S against its own 10 years 44.97%

10-year low 10-year high

EV/Sales against its own 10 years 22.30%

10-year low 10-year high

EV/FCF against its own 10 years 59.79%

10-year low 10-year high

Dividends

Payout Ratio 0.31

Annual Dividend Rate 1.50

Annual Dividend Yield 1.47%

	total	individual payouts
2026	1.00	0.50 0.50
2025	2.00	0.50 0.50 0.50 0.50
2024	2.00	0.50 0.50 0.50 0.50
2023	2.50	0.50 0.50 0.50 0.50 0.50
2022	1.80	0.45 0.45 0.45 0.45
2021	1.40	0.35 0.35 0.35 0.35
2020	1.40	0.35 0.35 0.35 0.35
2019	1.30	0.25 0.35 0.35 0.35
2018	0.75	0.25 0.25 0.25

special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	21	28	24	25
Receivables	15	14	20	31
Inventory	1	1	1	1
Other	—	—	—	—
	39	45	47	59

	2024	2025	2026	Q'26
Payables	6	6	8	11
ST’ Debt	—	2	2	2
Other	—	—	—	—
	16	17	19	24

Compound Annual Growth %

	10y	5y	3y
Sales	4.90%	16.40%	7.41%
Cash Flow	3.86%	9.16%	(2.77%)
Earnings	12.63%	12.57%	0.67%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	54	—	—	—	—
’26	47	46	34	35	162
’25	45	41	32	31	148
’24	42	39	29	29	139
’23	40	37	26	27	131
’22	31	33	26	25	115
’21	18	22	18	18	76

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	1	—	—	—	—
’26	0	10	6	3	18
’25	5	10	4	7	25
’24	2	9	2	6	20
’23	1	9	4	7	20
’22	0	9	1	7	16
’21	3	6	(3)	6	12

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	1	—	—	—	—
’26	0	10	6	3	18
’25	5	10	4	7	25
’24	2	9	2	6	20
’23	1	9	3	6	19
’22	0	9	1	6	16
’21	3	6	(3)	6	11

Fiscal quarters ending in the months shown.

EPS $

	Jun	Sep	Dec	Mar	Year
’26	2.14	—	—	—	—
’26	2.16	1.26	0.75	0.68	4.85
’25	2.27	1.47	1.10	1.03	5.87
’24	1.81	1.40	0.64	0.96	4.80
’23	1.74	1.46	0.79	0.80	4.80
’22	1.40	0.86	0.52	0.52	3.30
’21	0.97	0.89	0.33	0.50	2.69

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	52.90	60.35	63.13	39.01	53.96	45.50	61.35	63.01	75.15	89.43	Analyst estimates 2027–2029 Powerpack
	High	100.90	107.05	82.18	76.30	78.89	70.54	83.00	94.97	118.50	102.46
People
People	Employees	180	205	149	120	146	131	138	147	131	129
	Revenue/emp, $m	0.53	0.51	0.68	0.86	0.52	0.88	0.95	0.94	1.13	1.26
Income, $m
Income, $m	Revenue	96	104	102	103	76	115	131	139	148	162
	Gross margin, %	42.84	40.25	44.72	43.90	52.79	40.09	39.48	36.97	36.51	31.55
	EBT	12	4	29	18	15	19	27	27	33	28
	EBT margin, %	12.26	3.95	28.88	17.43	20.21	16.13	20.49	19.80	22.11	17.39
	Net income	7	3	21	13	11	14	20	20	24	20
	Depreciation	3	2	2	2	2	2	2	1	1	1
Per share, $
Per share, $	Revenue	23.07	24.92	24.33	24.51	18.43	27.92	31.98	33.96	36.27	39.61
	Earnings	1.79	0.63	5.13	3.19	2.69	3.30	4.80	4.81	5.88	4.89
	Cash flow	2.50	4.51	2.66	2.93	2.86	4.00	4.85	4.90	6.18	4.46
	Capex	(0.27)	(0.13)	2.94	(0.21)	(0.13)	(0.15)	(0.15)	(0.08)	(0.06)	(0.09)
	Free cash flow	2.23	4.38	5.61	2.72	2.72	3.85	4.70	4.82	6.12	4.37
	Book value	(15.94)	(20.23)	(16.75)	(15.75)	(15.18)	(13.36)	(10.90)	(8.07)	(4.04)	(3.48)
	Shares, m	4	4	4	4	4	4	4	4	4	4
Valuation, ×
Valuation, ×	P/E	35.00	110.55	13.49	19.06	23.45	16.42	15.75	14.44	16.36	20.60
	P/S	2.72	2.84	2.85	2.49	3.42	1.94	2.36	2.05	2.66	2.54
	P/B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	3.49	3.68	3.54	3.17	4.32	2.46	2.75	2.34	2.81	2.69
	EV/FCF	36.18	20.93	15.34	28.55	29.18	17.86	18.74	16.45	16.65	24.40
Cash, $m
Cash, $m	Operating cash flow	10	19	11	12	12	16	20	20	25	18
	Capex	(1)	(1)	12	(1)	(1)	(1)	(1)	0	0	0
	Free cash flow	9	18	23	11	11	16	19	20	25	18
Balance, $m
Balance, $m	Working capital	57	54	72	75	80	49	31	23	28	28
	Total debt	131	145	145	148	149	110	81	60	50	48
	Net debt	75	87	70	71	68	60	51	39	23	24
	Shareholders’ equity	(66)	(85)	(70)	(66)	(62)	(55)	(45)	(33)	(17)	(14)
Returns, %
Returns, %	ROA	10.00	3.32	24.65	13.46	10.35	14.52	28.62	36.51	46.96	37.38
	ROIC	203.56	594.09	0.00	403.86	311.10	374.71	336.01	362.01	370.42	197.71
	ROE	(10.78)	(3.48)	(27.78)	(19.68)	(17.19)	(23.15)	(39.42)	(50.63)	(97.20)	(130.27)

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · 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
PZZA Papa John's International, Inc.	$644.3M	23.9×	22.7×	−8.84% (below 0%: shrinking)	−10.71% (below 0%: shrinking)	−31.42% (below 0%: shrinking)	29.72%	4.81%	Compare
HDL Super Hi International Holding Ltd. Unsponsored ADR	$634.3M	37.9×	—	+9.99% (above 0%: growing)	n/m	+43.42% (above 0%: growing)	65.85%	5.26%	Compare
LOCO El Pollo Loco Holdings, Inc.	$496.7M	13.8×	14.0×	+2.97% (above 0%: growing)	+79.17% (above 0%: growing)	+155.53% (above 0%: growing)	32.80%	14.42%	Compare
BH.A Biglari Holdings Inc.	$491.2M	— (loss-making)	— (loss-making)	−1.19% (below 0%: shrinking)	−18.71% (below 0%: shrinking)	−73.82% (below 0%: shrinking)	30.05%	0.00%	Compare
KRUS Kura Sushi USA, Inc.	$475.3M	— (loss-making)	— (loss-making)	+16.17% (above 0%: growing)	−40.00% (below 0%: shrinking)	+46.90% (above 0%: growing)	11.94%	(0.05%)	Compare
DIN DINE BRANDS GLOBAL, INC.	$417.8M	65.3×	8.5×	+4.38% (above 0%: growing)	−60.67% (below 0%: shrinking)	−97.04% (below 0%: shrinking)	37.86%	13.16%	Compare
NATH Nathan's Famous, Inc.	$417.5M	20.9×	24.9×	+15.03% (above 0%: growing)	−0.92% (below 0%: shrinking)	+363.28% (above 0%: growing)	32.63%	23.43%
BRCB Black Rock Coffee Bar, Inc.	$414.1M	— (loss-making)	31.3×	+25.01% (above 0%: growing)	—	−27.71% (below 0%: shrinking)	73.07%	6.51%	Compare
PTLO Portillo's Inc.	$363.8M	24.6×	19.4×	+5.57% (above 0%: growing)	−23.08% (below 0%: shrinking)	+13.07% (above 0%: growing)	65.03%	6.92%	Compare
Median of peers	$483.2M	24.6×	19.4×	+4.98%	−20.89%	−7.32%	35.33%	5.89%

All 56 Restaurants stocks →

Nathan's Famous, Inc. (NATH) key facts

Concern: Net income was $20.0 million, or $4.89 per share (basic), a net margin of 12.4%.
Strength: Nathan's Famous, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $162.1 million, up 9.37% from fiscal 2025.
Nathan's Famous, Inc. (NATH) is a Restaurants company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, NATH traded at $101.90, a market capitalization of $417.5 million.
At that price the stock trades at 20.9× trailing-twelve-month earnings and 2.5× sales; its P/E is higher than 66% of its own readings over the past ten years.
Nathan's Famous, Inc. pays an annual dividend of $1.50 per share, a yield of 1.47%, with a payout ratio of 31.1%.
Return on equity was −130.3% and debt-to-equity -6.64.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 9.36 (safe zone) for fiscal 2026.