Monday 2 November 2026
Export NOMD’s income statement to Excel — free account
Nomad Foods Limited
NOMD Consumer Defensive Packaged Foods
Nomad Foods Limited’s revenue for fiscal 2025 (year ended December 2025) was $3.4 billion, up 2.29% from fiscal 2024.
- Revenue
- −0.76%
- EPS
- −2.38%
- Free cash flow
- +24.2%
- Total debt
- +14.3%
Quarter to June 2026, against a year earlier
12.32
0.29
+2.41%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2,133 | 2,212 | 2,566 | 2,603 | 2,874 | 3,084 | 3,097 | 3,295 | 3,354 | 3,431 | 3,461 | +5.4% | 3,299 | 3,342 | 3,416 | (0.1%) | |
| Gross margin, % | 29.62 | 30.63 | 30.08 | 30.03 | 30.31 | 28.55 | 27.73 | 28.20 | 29.61 | 27.14 | 26.93 | (2.5) pt | ||||||
| EBT | 84 | 190 | 268 | 236 | 338 | 280 | 338 | 274 | 301 | 164 | 154 | +7.7% | ||||||
| EBT margin, % | 3.94 | 8.61 | 10.45 | 9.05 | 11.75 | 9.08 | 10.92 | 8.33 | 8.97 | 4.79 | 4.44 | +0.9 pt | ||||||
| Net income | 40 | 154 | 201 | 172 | 257 | 214 | 263 | 209 | 246 | 155 | 143 | +16.1% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 11.62 | 12.56 | 14.61 | 13.56 | 14.81 | 17.32 | 17.77 | 19.32 | 20.77 | 22.89 | 24.76 | +7.8% | |||||
| Earnings | 0.22 | 0.88 | 1.15 | 0.90 | 1.32 | 1.20 | 1.51 | 1.22 | 1.53 | 1.03 | 1.02 | +18.7% | ||||||
| Cash flow | 1.70 | 1.24 | 2.16 | 1.84 | 2.69 | 2.04 | 1.84 | 2.73 | 2.92 | 2.50 | 2.70 | +4.4% | ||||||
| Capex | (0.26) | (0.27) | (0.28) | (0.28) | (0.35) | (0.53) | (0.48) | (0.52) | (0.54) | (0.59) | (0.65) | +9.8% | ||||||
| Free cash flow | 1.45 | 0.97 | 1.88 | 1.56 | 2.35 | 1.51 | 1.36 | 2.21 | 2.38 | 1.90 | 2.05 | +3.1% | ||||||
| Book value | 11.47 | 11.89 | 13.85 | 14.91 | 12.52 | 15.27 | 15.76 | 16.45 | 17.84 | 18.85 | 20.94 | +5.7% | ||||||
| Shares, m | 184 | 176 | 176 | 192 | 194 | 178 | 174 | 171 | 162 | 150 | 145 | (2.2%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 45.00 | 19.05 | 14.41 | 24.86 | 19.11 | 21.16 | 11.73 | 14.03 | 11.11 | 12.26 | 12.08 | 19.3 | |||||
| P/S | 0.85 | 1.33 | 1.14 | 1.65 | 1.72 | 1.47 | 0.99 | 0.89 | 0.81 | 0.55 | 0.50 | 1.1 | ||||||
| P/B | 0.86 | 1.41 | 1.21 | 1.50 | 2.03 | 1.66 | 1.12 | 1.05 | 0.94 | 0.66 | 0.59 | 1.2 | ||||||
| EV/Sales | 1.43 | 1.94 | 1.80 | 2.09 | 2.25 | 2.22 | 1.59 | 1.46 | 1.37 | 1.19 | 1.18 | 1.7 | ||||||
| EV/FCF | 11.48 | 25.05 | 13.98 | 18.58 | 14.43 | 26.16 | 21.54 | 13.01 | 12.24 | 14.74 | 14.64 | 17.1 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 312 | 219 | 379 | 353 | 522 | 362 | 320 | 466 | 471 | 374 | 377 | +2.0% | |||||
| Capex | (47) | (48) | (49) | (53) | (67) | (94) | (83) | (89) | (87) | (89) | (90) | +7.3% | ||||||
| Free cash flow | 265 | 171 | 330 | 300 | 455 | 269 | 237 | 377 | 384 | 285 | 287 | +0.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 134 | 53 | 114 | 669 | 58 | (44) | 184 | 148 | 120 | 89 | 123 | (4.4%) | |||||
| Net debt | 1,228 | 1,330 | 1,681 | 1,143 | 1,525 | 2,311 | 1,870 | 1,863 | 1,901 | 2,220 | 2,365 | +6.8% | ||||||
| Shareholders’ equity | 2,105 | 2,094 | 2,432 | 2,864 | 2,429 | 2,720 | 2,746 | 2,805 | 2,881 | 2,825 | 2,927 | +3.3% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 1.55 | 2.96 | 3.51 | 2.67 | 3.96 | 3.13 | 3.77 | 3.06 | 3.53 | 2.19 | 1.99 | +0.6 pt | |||||
| ROIC | 2.87 | 5.01 | 5.08 | 4.95 | 6.49 | 5.04 | 5.35 | 4.93 | 5.47 | 4.56 | 4.26 | +1.7 pt | ||||||
| ROE | 1.86 | 7.35 | 8.93 | 6.51 | 9.72 | 8.32 | 9.63 | 7.51 | 8.64 | 5.42 | 4.99 | +3.6 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 4,166 | 3,875 | 4,813 | 4,775 | 4,800 | 8,002 | 7,535 | 7,894 | 7,788 | 7,752 | — | +7.1% | |||||
| Revenue/emp, $m | 0.51 | 0.57 | 0.53 | 0.55 | 0.60 | 0.39 | 0.41 | 0.42 | 0.43 | 0.44 | — | (1.6%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Nomad Foods Limited vs peers in Packaged Foods (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CENT Central Garden & Pet Company | $2.5B | 16.9× | 16.3× | −8.17% (below 0%: shrinking) | −4.58% (below 0%: shrinking) | +25.12% (above 0%: growing) | 35.92% | 14.26% | Compare |
| CENTA Central Garden & Pet Company | $2.5B | 14.5× | — | −8.17% (below 0%: shrinking) | −4.58% (below 0%: shrinking) | +25.12% (above 0%: growing) | 35.92% | 14.26% | Compare |
| UTZ Utz Brands, Inc. | $2.1B | — (loss-making) | 21.0× | +1.39% (above 0%: growing) | n/m | +93.40% (above 0%: growing) | 25.87% | (1.48%) | Compare |
| NOMD Nomad Foods Limited | $1.7B | 11.8× | 9.1× | −0.76% (below 0%: shrinking) | −2.38% (below 0%: shrinking) | +24.23% (above 0%: growing) | 28.91% | 12.24% | |
| JJSF J & J Snack Foods Corp. | $1.6B | 32.6× | 25.9× | −6.24% (below 0%: shrinking) | −16.74% (below 0%: shrinking) | +4.83% (above 0%: growing) | 35.45% | 10.86% | Compare |
| HLF Herbalife Ltd | $1.4B | 8.2× | 8.5× | +5.38% (above 0%: growing) | n/m | −70.49% (below 0%: shrinking) | 77.67% | 9.67% | Compare |
| FLO Flowers Foods, Inc. | $1.3B | 24.1× | 10.1× | −4.02% (below 0%: shrinking) | −32.14% (below 0%: shrinking) | +9.81% (above 0%: growing) | 48.45% | 5.71% | Compare |
| SENEA Seneca Foods Corp. | $1.1B | 9.1× | 11.6× | +36.21% (above 0%: growing) | +33.33% (above 0%: growing) | +116.37% (above 0%: growing) | 11.81% | 6.47% | Compare |
| BRBR BellRing Brands Inc. | $1.1B | 6.4× | 7.8× | +4.18% (above 0%: growing) | +70.59% (above 0%: growing) | +100.52% (above 0%: growing) | 28.63% | 11.47% | Compare |
| Median of peers | $1.5B | 14.5× | 11.6× | −1.31% | −4.58% | +25.12% | 35.69% | 10.26% |