National Vision Holdings, Inc. (EYE) vs MarineMax, Inc. (HZO)

National Vision Holdings, Inc. and MarineMax, Inc. are both Specialty Retail companies. National Vision Holdings, Inc. is the larger, with a market value of $1.4B against $1.2B — 1.2× the size. MarineMax, Inc. has negative trailing earnings, so its P/E is not meaningful; National Vision Holdings, Inc. trades at 28.2×. National Vision Holdings, Inc. grew revenue faster over the last twelve months: 7.84% against −6.29%. National Vision Holdings, Inc. has the higher net margin (2.47% vs −0.38%) and the higher return on invested capital (4.71% vs 1.82%). Across the 21 metrics below, National Vision Holdings, Inc. leads on 15 and MarineMax, Inc. on 6.

Valuation

Metric EYE HZO Specialty Retail median
P/E 28.22 n/m 19.32
P/S 0.70 0.54 0.59
P/B 1.58 1.23 2.19
Price to free cash flow 28.82 6.13 12.81
EV/EBITDA 8.67 16.81 7.94
EV/Sales 0.79 0.91 0.75
Earnings yield 3.54% (0.64%) 4.27%
Free cash flow yield 3.47% 16.32% 3.23%

Profitability

Metric EYE HZO Specialty Retail median
Gross margin 58.62% 34.85% 36.02%
Operating margin 4.07% 2.37% 4.14%
Net margin 2.47% (0.38%) 2.85%
Free cash flow margin 2.41% 0.00% 2.61%
Return on equity 5.75% (0.87%) 4.17%
Return on assets 2.54% (0.34%) 1.43%
Return on invested capital 4.71% 1.82% 1.82%

Growth

Metric EYE HZO Specialty Retail median
Revenue growth (TTM) 7.84% (6.29%) 3.53%
EPS growth (last fiscal year) 202.78% 76.34% 26.01%
Revenue growth, 5-year CAGR 3.03% 0.96% 3.84%
Net income growth, 5-year CAGR (3.99%) 0.00% 0.00%

Health

Metric EYE HZO Specialty Retail median
Debt to equity 0.27 1.03 0.26
Current ratio 0.59 1.19 1.38
Net debt to EBITDA 1.30 15.86 0.35

Dividend

Metric EYE HZO Specialty Retail median
Dividend yield — — 1.27%
Payout ratio — — 0.26

Size

Metric EYE HZO Specialty Retail median
Market cap 1.41b 1.16b 569.27m

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