Arhaus, Inc. (ARHS) vs National Vision Holdings, Inc. (EYE)

Arhaus, Inc. and National Vision Holdings, Inc. are both Specialty Retail companies. Arhaus, Inc. and National Vision Holdings, Inc. are of similar size ($1.3B and $1.3B). Arhaus, Inc. trades at the lower P/E: 19.6× against 26.2×. National Vision Holdings, Inc. grew revenue faster over the last twelve months: 7.84% against 5.44%. Arhaus, Inc. has the higher net margin (4.91% vs 2.47%) and the higher return on invested capital (24.3% vs 4.71%). Across the 22 metrics below, Arhaus, Inc. leads on 14 and National Vision Holdings, Inc. on 8.

Valuation

Metric ARHS EYE Specialty Retail median
P/E 19.58 26.24 17.14
P/S 0.98 0.65 0.48
P/B 3.31 1.47 1.71
Price to free cash flow 33.57 26.79 13.04
EV/EBITDA 5.35 8.14 8.92
EV/Sales 0.85 0.75 0.64
Earnings yield 5.11% 3.81% 3.85%
Free cash flow yield 2.98% 3.73% 3.02%

Profitability

Metric ARHS EYE Specialty Retail median
Gross margin 39.69% 58.62% 37.89%
Operating margin 6.61% 4.07% 3.66%
Net margin 4.91% 2.47% 1.42%
Free cash flow margin 2.90% 2.41% 1.44%
Return on equity 17.28% 5.75% 2.58%
Return on assets 5.00% 2.54% 0.25%
Return on invested capital 24.33% 4.71% 0.00%

Growth

Metric ARHS EYE Specialty Retail median
Revenue growth (TTM) 5.44% 7.84% 3.35%
EPS growth (last fiscal year) (2.04%) 202.78% —
Revenue growth, 5-year CAGR 22.14% 3.03% 3.70%
Net income growth, 5-year CAGR 83.47% (3.99%) 0.00%

Health

Metric ARHS EYE Specialty Retail median
Debt to equity 0.13 0.27 0.27
Current ratio 1.33 0.59 1.35
Net debt to EBITDA (0.97) 1.30 0.24

Dividend

Metric ARHS EYE Specialty Retail median
Dividend yield — — 1.73%
Payout ratio 0.00 0.00 0.00

Size

Metric ARHS EYE Specialty Retail median
Market cap 1.33b 1.30b 348.57m

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