National Vision (EYE) Financials

$13.40 +0.26 (+1.94%)

As of 11:15 AM Eastern

Annual Income Statements for National Vision

This table shows National Vision's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	-3.45	13	43	31	32	36	131	43	-65	-28
Consolidated Net Income / (Loss)	3.62	13	43	24	33	36	128	42	-66	-28
Net Income / (Loss) Continuing Operations	3.62	13	43	24	33	36	128	37	3.55	-27
Total Pre-Tax Income	5.39	25	4.23	4.87	30	39	149	52	9.55	-26
Total Operating Income	45	64	64	42	74	87	175	53	24	-10
Total Gross Profit	571	651	738	823	918	925	1,175	977	1,022	1,059
Total Revenue	1,063	1,196	1,375	1,537	1,724	1,712	2,080	1,645	1,756	1,823
Operating Revenue	1,063	1,196	1,375	1,537	1,724	1,712	2,080	1,645	1,756	1,823
Total Cost of Revenue	491	545	637	714	807	787	905	668	735	764
Operating Cost of Revenue	491	-	637	714	807	787	905	668	735	764
Total Operating Expenses	527	587	674	781	844	838	1,000	924	997	1,070
Selling, General & Admin Expense	475	528	601	687	744	725	901	833	905	939
Depreciation Expense	44	53	62	74	87	92	97	89	90	91
Other Operating Expenses / (Income)	-	-	-	1.49	3.61	-0.45	-2.51	-2.55	-0.10	-0.10
Impairment Charge	7.72	7.13	4.12	18	8.89	22	4.43	5.50	2.70	40
Total Other Income / (Expense), net	-39	-39	-60	-37	-43	-48	-26	-0.46	-15	-15
Interest Expense	37	39	56	37	43	-	0.00	0.00	0.60	-0.86
Interest & Investment Income	-	-	-	-	-	-	-	-0.46	-14	-16
Income Tax Expense	1.77	12	-39	-19	-2.31	2.40	21	16	6.01	1.48
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	5.36	-69	-1.33
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	7.07	-	-	-7.06	1.00	0.59	-2.46	-0.76	-0.76	-0.42
Basic Earnings per Share	$0.06	$0.24	$0.72	$0.31	$0.42	$0.45	$1.57	$0.53	($0.84)	($0.36)
Weighted Average Basic Shares Outstanding	55.96M	56.19M	59.90M	75.90M	78.61M	80.57M	81.82M	79.83M	78.31M	78.59M
Diluted Earnings per Share	$0.06	$0.23	$0.70	$0.30	$0.40	$0.44	$1.43	$0.52	($0.84)	($0.36)
Weighted Average Diluted Shares Outstanding	55.96M	57.00M	62.04M	79.04M	81.68M	82.79M	96.13M	80.30M	78.60M	78.59M
Weighted Average Basic & Diluted Shares Outstanding	-	37.10M	56M	78.80M	80.21M	81.31M	81.41M	79.00M	78.31M	78.78M

This table shows National Vision's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	12	-9.07	18	5.80	-74	-16	12	-2.96	-8.40	-28
Consolidated Net Income / (Loss)	12	-9.26	18	5.61	-74	-16	12	-3.13	-8.47	-29
Net Income / (Loss) Continuing Operations	12	-15	16	3.64	-0.37	-16	12	-1.04	-8.44	-30
Total Pre-Tax Income	17	-21	24	3.73	-0.18	-18	20	-2.61	-12	-31
Total Operating Income	15	-18	29	5.56	3.55	-14	24	0.59	-8.82	-27
Total Gross Profit	266	144	285	251	255	230	294	258	262	246
Total Revenue	499	108	521	432	439	365	543	452	452	378
Operating Revenue	499	108	521	432	439	365	543	452	452	378
Total Cost of Revenue	233	-36	235	180	184	135	249	194	190	132
Operating Cost of Revenue	233	-36	235	180	184	135	249	194	190	132
Total Operating Expenses	251	162	256	246	251	244	269	258	270	272
Selling, General & Admin Expense	225	151	233	223	228	221	245	231	234	228
Depreciation Expense	25	13	23	22	22	23	24	23	23	22
Other Operating Expenses / (Income)	-0.10	-2.72	-0.12	-0.00	0.00	0.02	-0.01	-0.00	0.00	-0.09
Impairment Charge	1.26	0.32	0.35	0.89	1.45	-	0.46	3.52	14	22
Total Other Income / (Expense), net	1.98	-2.62	-4.87	-1.84	-3.72	-4.51	-4.26	-3.20	-3.25	-4.62
Income Tax Expense	5.83	-6.29	8.25	0.09	0.19	-2.52	7.92	-1.56	-3.63	-1.24
Net Income / (Loss) Discontinued Operations	-	-	2.30	1.98	-73	-0.29	-0.55	-2.08	-0.03	1.33
Basic Earnings per Share	$0.15	($0.11)	$0.23	$0.07	($0.94)	($0.20)	$0.15	($0.04)	($0.11)	($0.36)
Weighted Average Basic Shares Outstanding	78.91M	79.83M	78.72M	78.10M	78.16M	78.31M	78.38M	78.58M	78.66M	78.59M
Diluted Earnings per Share	$0.15	($0.09)	$0.22	$0.07	($0.94)	($0.19)	$0.15	($0.04)	($0.11)	($0.36)
Weighted Average Diluted Shares Outstanding	79.30M	80.30M	92.14M	78.34M	78.16M	78.60M	78.83M	78.58M	78.66M	78.59M
Weighted Average Basic & Diluted Shares Outstanding	78.91M	79.00M	78.09M	78.16M	78.25M	78.31M	78.56M	78.64M	78.75M	78.78M

This table details how cash moves in and out of National Vision's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Net Change in Cash & Equivalents	-1.24	0.04	-0.49	13	22	335	-68	-76	-80	-76
Net Cash From Operating Activities	83	98	90	107	165	235	259	119	173	134
Net Cash From Continuing Operating Activities	83	98	90	107	165	235	259	119	173	134
Net Income / (Loss) Continuing Operations	3.62	13	43	24	33	36	128	42	-66	-28
Consolidated Net Income / (Loss)	3.62	13	43	24	33	36	128	42	-66	-28
Depreciation Expense	35	53	62	74	87	92	97	100	98	93
Amortization Expense	16	3.91	12	1.85	1.29	12	9.04	9.33	6.52	8.52
Non-Cash Adjustments To Reconcile Net Income	20	18	24	52	51	44	22	25	111	58
Changes in Operating Assets and Liabilities, net	8.83	9.43	-50	-45	-7.31	51	2.72	-57	23	3.08
Net Cash From Investing Activities	-80	-91	-95	-104	-101	-76	-93	-111	-116	-96
Net Cash From Continuing Investing Activities	-80	-91	-95	-104	-101	-76	-93	-111	-116	-96
Purchase of Property, Plant & Equipment	-77	-90	-93	-104	-101	-77	-96	-114	-115	-96
Other Investing Activities, net	-0.04	0.05	0.14	0.27	0.69	0.41	2.62	2.65	-1.05	-0.59
Net Cash From Financing Activities	-4.32	-6.57	3.84	10	-42	176	-234	-85	-137	-113
Net Cash From Continuing Financing Activities	-4.32	-6.57	3.84	10	-42	176	-234	-85	-137	-113
Repayment of Debt	-8.71	-7.30	-373	-207	-595	-382	-168	-0.00	-106	-224
Repurchase of Common Equity	-	-0.19	0.00	-1.93	-26	-0.69	-73	-84	-28	-3.09
Issuance of Debt	148	0.00	175	200	567	549	0.00	0.00	0.00	115
Other Financing Activities, net	1.76	-	0.00	20	-2.96	9.91	7.25	-0.16	-2.08	-1.49
Cash Interest Paid	33	35	47	33	34	31	25	17	12	13
Cash Income Taxes Paid	0.37	-0.42	2.65	1.45	0.68	0.89	10	7.48	7.57	6.33

This table details how cash moves in and out of National Vision's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Net Change in Cash & Equivalents	1.92	-27	18	7.57	11	-116	0.61	29	-98	-7.44
Net Cash From Operating Activities	33	-2.14	74	38	41	20	24	51	28	30
Net Cash From Continuing Operating Activities	33	-2.14	74	38	41	20	24	51	28	30
Net Income / (Loss) Continuing Operations	12	-9.26	18	5.61	-74	-16	12	-3.13	-8.47	-29
Consolidated Net Income / (Loss)	12	-9.26	18	5.61	-74	-16	12	-3.13	-8.47	-29
Depreciation Expense	25	25	25	25	24	24	24	23	23	23
Amortization Expense	0.87	6.87	1.38	1.71	1.54	1.89	1.76	1.83	1.99	2.94
Non-Cash Adjustments To Reconcile Net Income	5.99	2.92	7.55	7.55	87	8.33	3.26	10	18	27
Changes in Operating Assets and Liabilities, net	-9.91	-27	22	-1.65	1.62	1.43	-17	19	-5.96	6.66
Net Cash From Investing Activities	-30	-25	-28	-27	-28	-33	-18	-20	-24	-34
Net Cash From Continuing Investing Activities	-30	-25	-28	-27	-28	-33	-18	-20	-24	-34
Purchase of Property, Plant & Equipment	-30	-27	-28	-26	-28	-33	-20	-20	-24	-32
Other Investing Activities, net	0.03	2.60	0.11	-0.77	0.05	-0.43	1.81	-0.23	-0.46	-1.71
Net Cash From Financing Activities	-1.02	0.07	-29	-3.41	-2.09	-103	-5.17	-2.27	-102	-3.99
Net Cash From Continuing Financing Activities	-1.02	0.07	-29	-3.41	-2.09	-103	-5.17	-2.27	-102	-3.99
Repayment of Debt	-	-	0.00	-2.87	-1.88	-102	-1.88	-1.88	-217	-3.31
Repurchase of Common Equity	-0.04	-0.71	-28	-0.00	-0.05	-0.75	-2.72	-0.05	-0.04	-0.27
Other Financing Activities, net	-0.97	0.78	-1.05	-0.54	-0.17	-0.32	-0.58	-0.34	-0.16	-0.41
Cash Interest Paid	1.67	5.94	0.46	4.94	0.98	5.36	0.25	3.95	3.40	5.80
Cash Income Taxes Paid	0.99	0.86	0.11	4.24	1.99	1.23	0.11	4.97	0.91	0.34

This table presents National Vision's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Total Assets	1,531	1,582	1,661	2,033	2,333	2,293	2,291	2,173	2,008
Total Current Assets	147	162	215	235	567	515	474	397	250
Cash & Equivalents	4.95	4.21	17	39	374	306	229	150	74
Accounts Receivable	34	43	51	44	58	56	80	87	50
Inventories, net	87	91	116	128	111	124	123	120	94
Prepaid Expenses	21	24	31	23	23	29	41	40	32
Plant, Property, & Equipment, net	256	302	355	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,127	1,117	1,092	1,798	1,767	1,779	1,817	1,776	1,758
Goodwill	793	793	778	778	778	778	778	718	698
Intangible Assets	322	313	305	297	290	283	275	261	249
Other Noncurrent Operating Assets	12	11	8.88	723	699	718	765	795	811
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	2.78	0.00
Total Liabilities & Shareholders' Equity	1,531	1,582	1,661	2,033	2,333	2,293	2,291	2,173	2,008
Total Liabilities	1,129	927	918	1,256	1,427	1,367	1,390	1,343	1,191
Total Current Liabilities	200	211	212	273	329	344	344	398	468
Short-Term Debt	7.29	7.26	7.57	14	3.60	4.00	4.14	10	101
Accounts Payable	39	36	44	41	65	64	65	68	54
Accrued Expenses	69	78	81	83	110	119	94	123	109
Current Deferred Revenue	84	91	79	84	92	95	103	111	105
Other Current Liabilities	-	-	0.00	52	58	61	77	85	100
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	0.30	0.00
Total Noncurrent Liabilities	930	716	707	983	1,098	1,023	1,046	945	723
Long-Term Debt	738	562	571	556	652	566	563	451	249
Noncurrent Deferred Revenue	29	31	20	22	21	23	22	21	22
Noncurrent Deferred & Payable Income Tax Liabilities	111	72	62	60	81	83	94	88	78
Other Noncurrent Operating Liabilities	50	51	54	346	345	8.97	367	385	375
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	402	655	743	776	907	926	901	829	816
Total Preferred & Common Equity	402	655	743	776	907	926	901	829	816
Total Common Equity	402	655	743	776	907	926	901	829	816
Common Stock	425	633	673	701	797	751	768	790	808
Retained Earnings	-8.68	32	75	107	143	278	321	255	226
Treasury Stock	-0.23	-0.23	-2.16	-28	-28	-102	-	-215	-218
Accumulated Other Comprehensive Income / (Loss)	-15	-9.87	-2.81	-3.81	-4.40	-1.94	-1.18	-0.42	0.00

This table presents National Vision's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	10/1/2022	4/1/2023	7/1/2023	9/30/2023	3/30/2024	6/29/2024	9/28/2024
Total Assets	2,292	2,312	2,334	2,266	2,155	2,146	2,020
Total Current Assets	477	486	494	500	379	364	244
Cash & Equivalents	256	247	255	266	150	180	81
Accounts Receivable	64	80	79	77	74	61	47
Inventories, net	122	124	121	121	119	91	88
Prepaid Expenses	35	36	40	37	36	33	28
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,815	1,826	1,840	1,766	1,776	1,782	1,776
Goodwill	778	778	778	718	718	718	718
Intangible Assets	277	273	271	261	260	260	249
Other Noncurrent Operating Assets	760	775	791	787	799	804	810
Other Noncurrent Nonoperating Assets	-	-	-	-	0.00	0.00	0.00
Total Liabilities & Shareholders' Equity	2,292	2,312	2,334	2,266	2,155	2,146	2,020
Total Liabilities	1,385	1,416	1,426	1,426	1,314	1,303	1,180
Total Current Liabilities	337	362	363	374	375	663	426
Short-Term Debt	3.98	3.24	11	11	10	313	101
Accounts Payable	69	75	64	63	61	50	40
Accrued Expenses	101	103	113	113	108	110	94
Current Deferred Revenue	97	109	104	104	109	103	103
Other Current Liabilities	66	72	72	82	86	87	89
Other Current Nonoperating Liabilities	-	-	-	-	0.00	0.00	0.00
Total Noncurrent Liabilities	1,048	1,054	1,062	1,053	939	640	754
Long-Term Debt	564	564	555	552	449	144	253
Noncurrent Deferred Revenue	23	22	22	22	22	22	23
Noncurrent Deferred & Payable Income Tax Liabilities	88	88	95	94	80	82	81
Other Noncurrent Operating Liabilities	374	381	390	385	388	391	397
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	907	897	908	840	841	843	840
Total Preferred & Common Equity	907	897	908	840	841	843	840
Total Common Equity	907	897	908	840	841	843	840
Common Stock	764	773	779	784	793	798	803
Retained Earnings	330	339	344	271	266	263	255
Treasury Stock	-185	-214	-214	-214	-217	-217	-217
Accumulated Other Comprehensive Income / (Loss)	-1.37	-0.99	-0.80	-0.61	-0.23	-0.06	0.00

This table displays calculated financial ratios and metrics derived from National Vision's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	12.58%	14.97%	11.75%	12.20%	-0.73%	21.48%	-20.91%	6.79%	3.81%
EBITDA Growth	0.00%	30.35%	10.52%	-11.10%	36.76%	-12.31%	79.69%	-36.56%	-20.23%	-29.72%
EBIT Growth	0.00%	52.09%	-6.72%	-29.14%	73.73%	-47.43%	286.05%	-64.66%	-53.59%	-142.30%
NOPAT Growth	0.00%	14.06%	1,816.52%	-68.63%	-61.54%	3.10%	84.11%	-75.32%	-75.48%	-179.76%
Net Income Growth	0.00%	268.90%	223.30%	-45.17%	38.66%	10.61%	253.51%	-67.15%	-256.45%	56.75%
EPS Growth	0.00%	283.33%	204.35%	-57.14%	33.33%	10.00%	225.00%	-63.64%	-261.54%	57.14%
Operating Cash Flow Growth	0.00%	17.39%	-7.52%	18.14%	54.82%	42.34%	10.20%	-53.97%	45.16%	-22.76%
Free Cash Flow Firm Growth	0.00%	0.00%	152.23%	-79.05%	-36.92%	162.02%	-196.94%	270.03%	-66.70%	-64.86%
Invested Capital Growth	0.00%	0.00%	6.74%	6.93%	0.20%	-9.09%	29.00%	-19.14%	-8.14%	-4.03%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	2.27%	2.73%	5.87%	-0.90%	-18.35%	-5.59%	-16.39%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-12.48%	24.14%	2.58%	-21.86%	-12.82%	-6.85%	178.08%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-24.34%	60.55%	0.54%	-33.30%	-32.19%	-13.79%	84.95%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-38.28%	-86.76%	203.01%	-19.33%	-36.59%	-50.75%	84.95%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-65.27%	214.22%	608.81%	-18.37%	-26.87%	-11.37%	-79.30%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-68.09%	233.33%	1,000.00%	-20.56%	-24.64%	-13.51%	-89.47%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-12.17%	-3.02%	2.15%	18.76%	-2.31%	-18.62%	14.49%	8.54%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-87.51%	27.93%	-224.24%	3,533.62%	10.04%	264.44%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	1.56%	2.95%	4.24%	31.04%	1.67%	0.08%	-1.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.78%	54.46%	53.69%	53.57%	53.23%	54.05%	56.49%	59.40%	58.17%	58.10%
EBITDA Margin	8.71%	10.09%	9.70%	7.71%	9.40%	8.30%	12.28%	9.85%	7.36%	4.98%
Operating Margin	4.20%	5.36%	4.67%	2.76%	4.27%	5.08%	8.41%	3.21%	1.39%	-0.57%
EBIT Margin	3.96%	5.36%	4.35%	2.76%	4.27%	2.26%	7.18%	3.21%	1.39%	-0.57%
Profit (Net Income) Margin	0.34%	1.12%	3.14%	1.54%	1.90%	2.12%	6.17%	2.56%	-3.75%	-1.56%
Tax Burden Percent	67.17%	53.42%	1,020.29%	485.89%	107.57%	93.79%	85.88%	80.53%	-689.92%	110.96%
Interest Burden Percent	12.78%	38.98%	7.07%	11.49%	41.44%	100.00%	100.00%	99.12%	39.00%	247.94%
Effective Tax Rate	32.83%	46.58%	-920.29%	-385.89%	-7.57%	6.21%	14.12%	29.72%	62.88%	0.00%
Return on Invested Capital (ROIC)	0.00%	5.99%	55.54%	16.31%	6.06%	6.54%	11.05%	2.68%	0.76%	-0.65%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.35%	-38.33%	-16.04%	-2.43%	-4.62%	6.09%	3.74%	-22.42%	-7.92%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.65%	-47.37%	-12.92%	-1.75%	-2.23%	2.95%	1.94%	-8.38%	-2.81%
Return on Equity (ROE)	0.00%	6.64%	8.17%	3.38%	4.32%	4.31%	14.00%	4.61%	-7.62%	-3.46%
Cash Return on Invested Capital (CROIC)	0.00%	-194.01%	49.01%	9.61%	5.86%	16.07%	-14.28%	23.84%	9.25%	3.47%
Operating Return on Assets (OROA)	0.00%	4.18%	3.84%	2.61%	3.98%	1.77%	6.46%	2.30%	1.10%	-0.50%
Return on Assets (ROA)	0.00%	0.87%	2.77%	1.46%	1.78%	1.66%	5.54%	1.84%	-2.95%	-1.36%
Return on Common Equity (ROCE)	0.00%	6.64%	8.17%	3.38%	4.32%	4.31%	14.00%	4.61%	-7.62%	-3.46%
Return on Equity Simple (ROE_SIMPLE)	0.00%	3.32%	6.59%	3.18%	4.22%	4.00%	13.85%	4.67%	-7.95%	-3.49%
Net Operating Profit after Tax (NOPAT)	30	34	656	206	79	82	150	37	9.09	-7.25
NOPAT Margin	2.82%	2.86%	47.70%	13.39%	4.59%	4.77%	7.22%	2.25%	0.52%	-0.40%
Net Nonoperating Expense Percent (NNEP)	0.00%	5.64%	93.87%	32.35%	8.49%	11.17%	4.95%	-1.07%	23.18%	7.27%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.53%	0.70%	-0.62%
Cost of Revenue to Revenue	46.22%	45.54%	46.31%	46.43%	46.77%	45.95%	43.51%	40.60%	41.83%	41.90%
SG&A Expenses to Revenue	44.70%	44.10%	43.70%	44.73%	43.18%	42.35%	43.32%	50.62%	51.51%	51.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	49.58%	49.10%	49.01%	50.81%	48.96%	48.96%	48.08%	56.20%	56.78%	58.66%
Earnings before Interest and Taxes (EBIT)	42	64	60	42	74	39	149	53	24	-10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	93	121	133	119	162	142	255	162	129	91
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.63	3.01	3.37	4.05	4.29	3.39	1.97	1.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	2.20	1.46	1.52	2.14	1.91	1.86	0.93	0.46
Price to Earnings (P/E)	0.00	0.00	70.28	72.82	82.37	102.81	30.36	71.33	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	1.42%	1.37%	1.21%	0.97%	3.29%	1.40%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	2.95	2.14	2.41	3.33	2.99	2.74	1.71	1.01
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.62	1.82	1.83	2.31	2.20	2.07	1.11	0.61
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	26.97	23.60	19.43	27.79	17.91	20.96	15.08	12.20
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	60.18	66.05	42.80	102.14	30.64	64.37	79.59	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	5.48	13.59	39.79	48.42	30.45	91.60	214.38	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	39.85	26.23	19.08	16.81	17.67	28.50	11.26	8.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	6.21	23.07	41.17	19.71	0.00	10.28	17.72	28.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	1.86	0.87	0.78	0.73	0.72	0.99	0.63	0.56	0.43
Long-Term Debt to Equity	0.00	1.84	0.86	0.77	0.72	0.72	0.98	0.63	0.54	0.30
Financial Leverage	0.00	1.84	1.24	0.81	0.72	0.48	0.48	0.52	0.37	0.36
Leverage Ratio	0.00	3.81	2.95	2.32	2.43	2.59	2.52	2.51	2.58	2.54
Compound Leverage Factor	0.00	1.49	0.21	0.27	1.01	2.59	2.52	2.49	1.01	6.30
Debt to Total Capital	0.00%	64.98%	46.51%	43.75%	42.32%	41.96%	49.63%	38.64%	35.74%	30.01%
Short-Term Debt to Total Capital	0.00%	0.63%	0.59%	0.57%	1.02%	0.23%	0.22%	0.28%	0.81%	8.69%
Long-Term Debt to Total Capital	0.00%	64.34%	45.92%	43.18%	41.30%	41.73%	49.41%	38.36%	34.93%	21.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	35.02%	53.49%	56.25%	57.68%	58.04%	50.37%	61.36%	64.26%	69.99%
Debt to EBITDA	0.00	6.18	4.27	4.88	3.51	4.61	3.57	3.50	3.57	3.85
Net Debt to EBITDA	0.00	6.14	4.24	4.73	3.27	1.98	2.37	2.09	2.41	3.04
Long-Term Debt to EBITDA	0.00	6.12	4.21	4.81	3.43	4.58	3.56	3.48	3.49	2.74
Debt to NOPAT	0.00	21.79	0.87	2.81	7.20	8.03	6.07	15.30	50.73	-48.27
Net Debt to NOPAT	0.00	21.64	0.86	2.73	6.70	3.45	4.04	9.12	34.25	-38.07
Long-Term Debt to NOPAT	0.00	21.57	0.86	2.77	7.02	7.99	6.05	15.19	49.58	-34.28
Altman Z-Score	0.00	0.00	2.95	2.54	2.27	2.54	3.12	2.38	1.74	1.34
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.74	0.77	1.01	0.86	1.72	1.50	1.38	1.00	0.53
Quick Ratio	0.00	0.20	0.22	0.32	0.31	1.31	1.05	0.90	0.60	0.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,108	579	121	76	200	-194	330	110	39
Operating Cash Flow to CapEx	107.74%	108.40%	96.82%	102.04%	162.92%	305.87%	271.10%	104.98%	150.76%	139.94%
Free Cash Flow to Firm to Interest Expense	0.00	-28.35	10.42	3.24	1.78	0.00	0.00	0.00	183.65	0.00
Operating Cash Flow to Interest Expense	2.26	2.50	1.63	2.84	3.83	0.00	0.00	0.00	288.87	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.16	0.19	-0.05	0.06	1.48	0.00	0.00	0.00	97.26	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.78	0.88	0.95	0.93	0.78	0.90	0.72	0.79	0.87
Accounts Receivable Turnover	0.00	34.80	35.46	32.72	36.22	33.41	36.58	24.26	21.07	26.66
Inventory Turnover	0.00	6.26	7.15	6.89	6.62	6.59	7.70	5.41	6.04	7.15
Fixed Asset Turnover	0.00	4.67	4.92	4.68	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	13.83	16.96	17.99	19.11	14.89	14.01	10.30	11.06	12.61
Days Sales Outstanding (DSO)	0.00	10.49	10.29	11.15	10.08	10.92	9.98	15.05	17.33	13.69
Days Inventory Outstanding (DIO)	0.00	58.33	51.06	52.99	55.12	55.41	47.39	67.47	60.38	51.07
Days Payable Outstanding (DPO)	0.00	26.40	21.52	20.29	19.10	24.51	26.06	35.43	33.00	28.95
Cash Conversion Cycle (CCC)	0.00	42.42	39.83	43.85	46.09	41.82	31.31	47.09	44.71	35.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	1,143	1,220	1,304	1,307	1,188	1,533	1,239	1,138	1,092
Invested Capital Turnover	0.00	2.09	1.16	1.22	1.32	1.37	1.53	1.19	1.48	1.63
Increase / (Decrease) in Invested Capital	0.00	1,143	77	85	2.65	-119	345	-293	-101	-46
Enterprise Value (EV)	0.00	0.00	3,597	2,797	3,149	3,951	4,575	3,397	1,949	1,108
Market Capitalization	0.00	0.00	3,032	2,236	2,619	3,669	3,969	3,059	1,638	832
Book Value per Share	$0.00	$7.15	$8.77	$9.63	$9.81	$11.19	$11.20	$11.42	$10.60	$10.37
Tangible Book Value per Share	$0.00	($12.69)	($6.05)	($4.40)	($3.77)	($1.99)	($1.62)	($1.92)	($1.90)	($1.66)
Total Capital	0.00	1,148	1,224	1,321	1,346	1,562	1,838	1,469	1,291	1,166
Total Debt	0.00	746	569	578	570	655	912	568	461	350
Total Long-Term Debt	0.00	738	562	571	556	652	908	563	451	249
Net Debt	0.00	741	565	561	530	281	607	338	311	276
Capital Expenditures (CapEx)	77	90	93	104	101	77	96	114	115	96
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-50	-46	-6.51	-64	-132	-131	-96	-140	-191
Debt-free Net Working Capital (DFNWC)	0.00	-45	-42	11	-25	242	175	134	9.45	-117
Net Working Capital (NWC)	0.00	-52	-49	3.05	-39	238	171	130	-1.03	-218
Net Nonoperating Expense (NNE)	26	21	613	182	46	45	22	-5.04	75	21
Net Nonoperating Obligations (NNO)	0.00	741	565	561	530	281	607	338	309	276
Total Depreciation and Amortization (D&A)	50	57	74	76	89	103	106	109	105	101
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-4.19%	-3.33%	-0.42%	-3.72%	-7.73%	-6.30%	-5.82%	-8.00%	-10.48%
Debt-free Net Working Capital to Revenue	0.00%	-3.77%	-3.02%	0.69%	-1.44%	14.11%	8.40%	8.13%	0.54%	-6.42%
Net Working Capital to Revenue	0.00%	-4.38%	-3.55%	0.20%	-2.24%	13.90%	8.21%	7.88%	-0.06%	-11.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.77	$0.31	$0.42	$0.45	$1.57	$0.53	($0.84)	($0.36)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	59.90M	75.90M	78.61M	80.57M	81.82M	79.83M	78.31M	78.59M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.74	$0.30	$0.40	$0.44	$1.43	$0.52	($0.84)	($0.36)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	62.04M	79.04M	81.68M	82.79M	96.13M	80.30M	78.31M	78.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	74.66M	78.21M	80.21M	81.31M	81.41M	79.00M	78.31M	78.78M
Normalized Net Operating Profit after Tax (NOPAT)	35	38	53	42	58	102	154	41	19	21
Normalized NOPAT Margin	3.31%	3.18%	3.84%	2.73%	3.35%	5.97%	7.41%	2.49%	1.08%	1.13%
Pre Tax Income Margin	0.51%	2.09%	0.31%	0.32%	1.77%	2.26%	7.18%	3.18%	0.54%	-1.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.15	1.64	1.08	1.13	1.71	0.00	0.00	0.00	40.88	0.00
NOPAT to Interest Expense	0.82	0.88	11.81	5.49	1.84	0.00	0.00	0.00	15.18	0.00
EBIT Less CapEx to Interest Expense	-0.95	-0.66	-0.60	-1.66	-0.64	0.00	0.00	0.00	-150.72	0.00
NOPAT Less CapEx to Interest Expense	-1.28	-1.43	10.13	2.70	-0.51	0.00	0.00	0.00	-176.43	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4,027.29%	0.00%	396.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	4,027.29%	1.41%	396.36%	8.15%	78.19%	1.90%	57.15%	200.34%	-43.12%	-10.85%

This table displays calculated financial ratios and metrics derived from National Vision's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.63%	-77.36%	-1.31%	-15.26%	-12.10%	237.30%	4.17%	4.62%	2.89%	3.45%
EBITDA Growth	-39.27%	-61.99%	-25.20%	-20.43%	-31.50%	-7.48%	-8.56%	-20.85%	-46.23%	-106.93%
EBIT Growth	-61.45%	-497.91%	-41.61%	-61.40%	-79.54%	25.10%	-16.78%	-89.37%	-348.69%	-93.66%
NOPAT Growth	-77.96%	-219.12%	-29.31%	-56.25%	-75.63%	25.10%	-22.73%	-92.38%	-348.69%	-93.66%
Net Income Growth	-71.94%	-248.91%	-39.40%	-42.33%	-741.61%	-72.63%	-36.04%	-155.66%	88.53%	-78.84%
EPS Growth	-66.67%	-212.50%	-35.29%	-41.67%	-726.67%	-111.11%	-31.82%	-157.14%	88.30%	-89.47%
Operating Cash Flow Growth	-24.30%	-108.51%	57.19%	-6.75%	23.27%	1,023.84%	-67.61%	34.88%	-32.00%	53.24%
Free Cash Flow Firm Growth	-339.33%	184.03%	217.86%	81.65%	314.25%	-67.44%	934.74%	1,350.62%	-77.97%	-70.07%
Invested Capital Growth	4.22%	-19.14%	0.94%	1.11%	-6.69%	-8.14%	-5.47%	-8.10%	-2.17%	-4.03%
Revenue Q/Q Growth	-2.03%	-78.33%	11.06%	-17.09%	1.63%	-16.83%	-15.43%	-16.73%	-0.05%	-16.38%
EBITDA Q/Q Growth	6.41%	-69.15%	162.96%	-36.13%	-8.39%	-58.34%	118.01%	-44.72%	-37.76%	-105.37%
EBIT Q/Q Growth	20.32%	-205.54%	295.20%	-77.04%	-36.22%	-486.35%	393.11%	-97.07%	-1,592.56%	-200.86%
NOPAT Q/Q Growth	-17.90%	-225.68%	380.01%	-71.70%	-54.27%	-486.35%	407.98%	-97.21%	-1,592.56%	-200.86%
Net Income Q/Q Growth	18.16%	-180.52%	297.28%	-69.27%	-1,414.54%	78.34%	173.09%	-126.74%	-170.98%	-237.64%
EPS Q/Q Growth	25.00%	-160.00%	344.44%	-68.18%	-1,442.86%	79.79%	178.95%	-126.67%	-175.00%	-227.27%
Operating Cash Flow Q/Q Growth	-18.60%	-106.42%	3,562.55%	-48.49%	7.61%	-51.87%	21.39%	114.54%	-45.75%	8.46%
Free Cash Flow Firm Q/Q Growth	9.25%	815.46%	-97.25%	-200.82%	1,159.36%	8.73%	-15.33%	21.85%	-81.34%	47.70%
Invested Capital Q/Q Growth	1.06%	1.67%	-1.81%	0.22%	-6.73%	0.08%	1.05%	-2.57%	-0.72%	-1.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.37%	133.03%	54.80%	58.24%	58.11%	62.98%	54.16%	57.15%	57.94%	65.07%
EBITDA Margin	8.63%	12.28%	9.68%	7.46%	6.72%	3.37%	8.50%	5.64%	3.51%	-0.23%
Operating Margin	3.08%	-16.91%	5.58%	1.29%	0.81%	-3.75%	4.50%	0.13%	-1.95%	-7.03%
EBIT Margin	3.47%	-16.91%	4.65%	1.29%	0.81%	-3.75%	3.71%	0.13%	-1.95%	-7.03%
Profit (Net Income) Margin	2.30%	-8.56%	3.51%	1.30%	-16.82%	-4.38%	2.15%	-0.69%	-1.88%	-7.57%
Tax Burden Percent	66.35%	44.28%	75.44%	150.71%	42,170.29%	87.76%	57.98%	119.96%	70.16%	91.75%
Interest Burden Percent	100.00%	114.32%	100.00%	66.98%	-4.93%	132.93%	100.00%	-440.78%	136.83%	117.42%
Effective Tax Rate	33.65%	0.00%	34.05%	2.36%	0.00%	0.00%	39.27%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	3.44%	-14.05%	6.08%	1.99%	0.89%	-3.88%	4.96%	0.17%	-2.65%	-8.04%
ROIC Less NNEP Spread (ROIC-NNEP)	3.98%	-13.30%	5.76%	2.05%	-24.16%	-5.86%	3.96%	-1.03%	-3.46%	-11.47%
Return on Net Nonoperating Assets (RNNOA)	1.03%	-6.87%	1.79%	0.71%	-8.42%	-2.19%	1.43%	-0.35%	-1.17%	-4.08%
Return on Equity (ROE)	4.48%	-20.92%	7.87%	2.70%	-7.53%	-6.07%	6.39%	-0.18%	-3.82%	-12.12%
Cash Return on Invested Capital (CROIC)	0.76%	23.84%	1.87%	1.10%	8.49%	9.25%	2.58%	5.06%	-2.09%	3.47%
Operating Return on Assets (OROA)	2.98%	-12.13%	4.01%	1.07%	0.66%	-2.95%	3.57%	0.13%	-1.99%	-6.13%
Return on Assets (ROA)	1.98%	-6.14%	3.02%	1.08%	-13.73%	-3.45%	2.07%	-0.67%	-1.91%	-6.61%
Return on Common Equity (ROCE)	4.48%	-20.92%	7.87%	2.70%	-7.53%	-6.07%	6.39%	-0.18%	-3.82%	-12.12%
Return on Equity Simple (ROE_SIMPLE)	6.35%	0.00%	3.37%	2.88%	-7.04%	0.00%	-8.62%	-9.63%	-1.89%	0.00%
Net Operating Profit after Tax (NOPAT)	10	-13	19	5.43	2.48	-9.59	15	0.41	-6.17	-19
NOPAT Margin	2.04%	-11.84%	3.68%	1.26%	0.57%	-2.63%	2.73%	0.09%	-1.37%	-4.92%
Net Nonoperating Expense Percent (NNEP)	-0.53%	-0.75%	0.32%	-0.06%	25.05%	1.98%	1.00%	1.20%	0.81%	3.42%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.87%	-	-	-	-0.74%	-	-	-	-1.59%
Cost of Revenue to Revenue	46.63%	-33.03%	45.20%	41.76%	41.89%	37.02%	45.84%	42.85%	42.06%	34.93%
SG&A Expenses to Revenue	45.08%	139.74%	44.80%	51.63%	51.85%	60.55%	45.23%	51.21%	51.82%	60.34%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	50.29%	149.94%	49.21%	56.95%	57.30%	66.74%	49.67%	57.02%	59.89%	72.10%
Earnings before Interest and Taxes (EBIT)	17	-18	24	5.56	3.55	-14	20	0.59	-8.82	-27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	43	13	50	32	29	12	46	25	16	-0.85
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.84	3.39	1.66	2.09	1.50	1.97	2.06	1.22	1.03	1.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.28	1.86	0.74	0.99	0.68	0.93	0.81	0.47	0.40	0.46
Price to Earnings (P/E)	43.60	71.33	48.29	71.04	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.29%	1.40%	2.07%	1.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.37	2.74	1.49	1.81	1.37	1.71	1.78	1.17	1.02	1.01
Enterprise Value to Revenue (EV/Rev)	1.43	2.07	0.90	1.15	0.84	1.11	0.95	0.60	0.52	0.61
Enterprise Value to EBITDA (EV/EBITDA)	15.54	20.96	11.81	14.68	11.25	15.08	51.99	28.20	34.87	12.20
Enterprise Value to EBIT (EV/EBIT)	37.11	64.37	41.52	54.89	54.97	79.59	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	49.37	91.60	53.14	82.58	84.59	214.38	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	19.72	28.50	12.37	15.40	10.33	11.26	16.61	9.58	9.25	8.29
Enterprise Value to Free Cash Flow (EV/FCFF)	317.60	10.28	79.64	165.05	15.62	17.72	66.99	22.05	0.00	28.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	0.63	0.63	0.62	0.67	0.56	0.55	0.54	0.42	0.43
Long-Term Debt to Equity	0.62	0.63	0.63	0.61	0.66	0.54	0.53	0.17	0.30	0.30
Financial Leverage	0.26	0.52	0.31	0.35	0.35	0.37	0.36	0.34	0.34	0.36
Leverage Ratio	2.48	2.51	2.51	2.56	2.61	2.58	2.57	2.56	2.55	2.54
Compound Leverage Factor	2.48	2.87	2.51	1.72	-0.13	3.43	2.57	-11.27	3.49	2.98
Debt to Total Capital	38.52%	38.64%	38.73%	38.37%	40.11%	35.74%	35.30%	35.13%	29.64%	30.01%
Short-Term Debt to Total Capital	0.27%	0.28%	0.22%	0.71%	0.76%	0.81%	0.79%	24.06%	8.46%	8.69%
Long-Term Debt to Total Capital	38.25%	38.36%	38.51%	37.66%	39.35%	34.93%	34.50%	11.07%	21.18%	21.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.48%	61.36%	61.27%	61.63%	59.89%	64.26%	64.70%	64.87%	70.36%	69.99%
Debt to EBITDA	3.06	3.50	3.70	3.76	4.06	3.57	11.68	9.87	10.83	3.85
Net Debt to EBITDA	1.68	2.09	2.09	2.07	2.14	2.41	7.86	5.99	8.35	3.04
Long-Term Debt to EBITDA	3.04	3.48	3.68	3.69	3.98	3.49	11.42	3.11	7.74	2.74
Debt to NOPAT	9.71	15.30	16.66	21.16	30.49	50.73	-12.73	-11.56	-7.34	-48.27
Net Debt to NOPAT	5.33	9.12	9.41	11.63	16.09	34.25	-8.57	-7.01	-5.66	-38.07
Long-Term Debt to NOPAT	9.65	15.19	16.57	20.77	29.91	49.58	-12.44	-3.64	-5.25	-34.28
Altman Z-Score	2.29	2.28	1.80	1.90	1.59	1.68	1.99	1.49	1.57	1.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.42	1.38	1.34	1.36	1.34	1.00	1.01	0.55	0.57	0.53
Quick Ratio	0.95	0.90	0.90	0.92	0.92	0.60	0.60	0.36	0.30	0.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-39	280	7.86	-7.93	84	91	81	99	19	27
Operating Cash Flow to CapEx	109.54%	-7.80%	267.18%	144.52%	147.44%	60.23%	119.85%	262.48%	116.99%	94.57%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.86	0.72	0.86	0.83	0.82	0.79	0.96	0.97	1.02	0.87
Accounts Receivable Turnover	34.17	24.26	28.09	26.92	26.49	21.07	27.84	30.98	35.34	26.66
Inventory Turnover	7.47	5.41	7.37	6.96	6.77	6.04	8.38	9.70	9.93	7.15
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	12.70	10.30	12.84	12.99	12.46	11.06	14.98	18.01	20.18	12.61
Days Sales Outstanding (DSO)	10.68	15.05	12.99	13.56	13.78	17.33	13.11	11.78	10.33	13.69
Days Inventory Outstanding (DIO)	48.87	67.47	49.51	52.48	53.88	60.38	43.56	37.63	36.76	51.07
Days Payable Outstanding (DPO)	28.75	35.43	28.42	28.11	29.28	33.00	24.37	20.26	18.09	28.95
Cash Conversion Cycle (CCC)	30.81	47.09	34.08	37.92	38.38	44.71	32.30	29.15	29.00	35.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,219	1,239	1,217	1,219	1,137	1,138	1,150	1,121	1,113	1,092
Invested Capital Turnover	1.69	1.19	1.65	1.58	1.58	1.48	1.82	1.85	1.94	1.63
Increase / (Decrease) in Invested Capital	49	-293	11	13	-82	-101	-67	-99	-25	-46
Enterprise Value (EV)	2,888	3,397	1,808	2,208	1,562	1,949	2,043	1,306	1,139	1,108
Market Capitalization	2,576	3,059	1,488	1,897	1,265	1,638	1,734	1,028	867	832
Book Value per Share	$11.50	$11.42	$11.35	$11.63	$10.75	$10.60	$10.73	$10.74	$10.68	$10.37
Tangible Book Value per Share	($1.87)	($1.92)	($1.95)	($1.80)	($1.77)	($1.90)	($1.74)	($1.71)	($1.61)	($1.66)
Total Capital	1,475	1,469	1,464	1,474	1,403	1,291	1,300	1,300	1,194	1,166
Total Debt	568	568	567	566	563	461	459	457	354	350
Total Long-Term Debt	564	563	564	555	552	451	449	144	253	249
Net Debt	312	338	320	311	297	311	309	277	273	276
Capital Expenditures (CapEx)	30	27	28	26	28	33	20	20	24	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-112	-96	-119	-113	-129	-140	-136	-165	-163	-191
Debt-free Net Working Capital (DFNWC)	144	134	128	142	137	9.45	14	14	-81	-117
Net Working Capital (NWC)	140	130	125	131	127	-1.03	3.91	-299	-182	-218
Net Nonoperating Expense (NNE)	-1.31	-3.55	0.91	-0.18	76	6.39	3.14	3.54	2.29	10
Net Nonoperating Obligations (NNO)	312	338	320	311	297	309	309	277	273	276
Total Depreciation and Amortization (D&A)	26	32	26	27	26	26	26	25	25	26
Debt-free, Cash-free Net Working Capital to Revenue	-5.55%	-5.82%	-5.95%	-5.89%	-6.92%	-8.00%	-6.32%	-7.63%	-7.45%	-10.48%
Debt-free Net Working Capital to Revenue	7.17%	8.13%	6.40%	7.37%	7.37%	0.54%	0.66%	0.65%	-3.73%	-6.42%
Net Working Capital to Revenue	6.97%	7.88%	6.24%	6.82%	6.80%	-0.06%	0.18%	-13.78%	-8.36%	-11.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.15	($0.11)	$0.23	$0.07	($0.94)	($0.20)	$0.15	($0.04)	($0.11)	($0.36)
Adjusted Weighted Average Basic Shares Outstanding	78.91M	79.83M	78.72M	78.10M	78.16M	78.31M	78.38M	78.58M	78.66M	78.59M
Adjusted Diluted Earnings per Share	$0.15	($0.09)	$0.22	$0.07	($0.94)	($0.19)	$0.15	($0.04)	($0.11)	($0.36)
Adjusted Weighted Average Diluted Shares Outstanding	79.30M	80.30M	92.14M	78.34M	78.16M	78.60M	78.83M	78.58M	78.66M	78.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	78.91M	79.00M	78.09M	78.16M	78.25M	78.31M	78.56M	78.64M	78.75M	78.78M
Normalized Net Operating Profit after Tax (NOPAT)	11	-13	19	6.30	3.50	-9.59	15	2.88	3.43	-3.07
Normalized NOPAT Margin	2.21%	-11.63%	3.73%	1.46%	0.80%	-2.63%	2.78%	0.64%	0.76%	-0.81%
Pre Tax Income Margin	3.47%	-19.33%	4.65%	0.86%	-0.04%	-4.99%	3.71%	-0.58%	-2.67%	-8.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	270.05%	200.34%	335.09%	108.58%	-47.95%	-43.12%	-4.87%	-4.41%	-22.47%	-10.85%

Frequently Asked Questions About National Vision's Financials

When does National Vision's financial year end?

According to the most recent income statement we have on file, National Vision's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has National Vision's net income changed over the last 9 years?

National Vision's net income appears to be on a downward trend, with a most recent value of -$28.50 million in 2024, falling from $3.62 million in 2015. The previous period was -$65.90 million in 2023. Check out National Vision's forecast to explore projected trends and price targets.

What is National Vision's operating income?

National Vision's total operating income in 2024 was -$10.36 million, based on the following breakdown:

Total Gross Profit: $1.06 billion
Total Operating Expenses: $1.07 billion

How has National Vision revenue changed over the last 9 years?

Over the last 9 years, National Vision's total revenue changed from $1.06 billion in 2015 to $1.82 billion in 2024, a change of 71.6%.

How much debt does National Vision have?

National Vision's total liabilities were at $1.19 billion at the end of 2024, a 11.3% decrease from 2023, and a 5.5% increase since 2016.

How much cash does National Vision have?

In the past 8 years, National Vision's cash and equivalents has ranged from $4.21 million in 2017 to $373.90 million in 2020, and is currently $73.95 million as of their latest financial filing in 2024.

How has National Vision's book value per share changed over the last 9 years?

Over the last 9 years, National Vision's book value per share changed from 0.00 in 2015 to 10.37 in 2024, a change of 1,036.6%.

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This page (NASDAQ:EYE) was last updated on 5/5/2025 by MarketBeat.com Staff

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National Vision (EYE) Financials

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National Vision (EYE) Financials

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