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National Vision (EYE) Financials

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$17.49 +0.04 (+0.22%)
As of 03:29 PM Eastern
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Annual Income Statements for National Vision

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 2025
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 1/3/2026
Net Income / (Loss) Attributable to Common Shareholders
-3.45 13 43 31 32 36 131 43 -65 -28 29
Consolidated Net Income / (Loss)
3.62 13 43 24 33 36 128 42 -66 -28 30
Net Income / (Loss) Continuing Operations
3.62 13 43 24 33 36 128 37 3.55 -27 30
Total Pre-Tax Income
5.39 25 4.23 4.87 30 39 149 52 9.55 -26 42
Total Operating Income
45 64 64 42 74 87 175 53 24 -10 59
Total Gross Profit
571 651 738 823 918 925 1,175 977 1,022 1,059 1,168
Total Revenue
1,063 1,196 1,375 1,537 1,724 1,712 2,080 1,645 1,756 1,823 1,987
Operating Revenue
1,063 1,196 1,375 1,537 1,724 1,712 2,080 1,645 1,756 1,823 1,987
Total Cost of Revenue
491 545 637 714 807 787 905 668 735 764 819
Operating Cost of Revenue
491 - 637 714 807 787 905 668 735 764 819
Total Operating Expenses
527 587 674 781 844 838 1,000 924 997 1,070 1,109
Selling, General & Admin Expense
475 528 601 687 744 725 901 833 905 939 1,016
Depreciation Expense
44 53 62 74 87 92 97 89 90 91 91
Other Operating Expenses / (Income)
- - - 1.49 3.61 -0.45 -2.51 -2.55 -0.10 -0.10 -0.20
Impairment Charge
7.72 7.13 4.12 18 8.89 22 4.43 5.50 2.70 40 1.99
Total Other Income / (Expense), net
-39 -39 -60 -37 -43 -48 -26 -0.46 -15 -15 -17
Interest Expense
37 39 56 37 43 - 0.00 0.00 0.60 -0.86 0.00
Interest & Investment Income
- - - - - - - -0.46 -14 -16 -17
Income Tax Expense
1.77 12 -39 -19 -2.31 2.40 21 16 6.01 1.48 12
Net Income / (Loss) Discontinued Operations
- - - - - - - 5.36 -69 -1.33 0.00
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 0.12
Basic Earnings per Share
$0.06 $0.24 $0.72 $0.31 $0.42 $0.45 $1.57 $0.53 ($0.84) ($0.36) $0.37
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 79.13M
Diluted Earnings per Share
$0.06 $0.23 $0.70 $0.30 $0.40 $0.44 $1.43 $0.52 ($0.84) ($0.36) $0.37
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 80.58M
Weighted Average Basic & Diluted Shares Outstanding
- 37.10M 56M 78.80M 80.21M 81.31M 81.41M 79.00M 78.31M 78.78M 79.44M

Quarterly Income Statements for National Vision

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 1/3/2026 4/4/2026
Net Income / (Loss) Attributable to Common Shareholders
-74 -16 12 -2.96 -8.40 -28 14 8.73 3.37 3.20 31
Consolidated Net Income / (Loss)
-74 -16 12 -3.13 -8.47 -29 14 8.73 3.37 3.32 31
Net Income / (Loss) Continuing Operations
-0.37 -16 12 -1.04 -8.44 -30 14 8.73 3.37 3.32 31
Total Pre-Tax Income
-0.18 -18 19 -2.61 -12 -31 22 12 5.49 2.39 42
Total Operating Income
3.55 -14 23 0.59 -8.82 -27 26 16 9.61 6.64 45
Total Gross Profit
255 230 287 258 262 246 305 286 284 293 325
Total Revenue
439 365 483 452 452 378 510 486 487 503 544
Operating Revenue
439 365 483 452 452 378 510 486 487 503 544
Total Cost of Revenue
184 135 196 194 190 132 205 200 203 211 219
Operating Cost of Revenue
184 135 196 194 190 132 205 200 203 211 219
Total Operating Expenses
251 244 264 258 270 272 279 270 275 286 280
Selling, General & Admin Expense
228 221 240 231 234 228 256 247 252 261 256
Depreciation Expense
22 23 23 23 23 22 23 23 22 23 23
Other Operating Expenses / (Income)
0.00 0.02 0.00 -0.00 0.00 -0.09 0.00 -0.10 -0.00 -0.10 -0.03
Impairment Charge
1.45 - 0.46 3.52 14 22 0.50 0.00 0.00 1.49 0.00
Total Other Income / (Expense), net
-3.72 -4.51 -4.26 -3.20 -3.25 -4.62 -4.57 -4.21 -4.12 -4.25 -2.85
Interest & Investment Income
-3.72 - -4.26 -3.20 -4.11 - -4.57 -4.21 -4.12 -4.25 -2.85
Income Tax Expense
0.19 -2.52 7.43 -1.56 -3.63 -1.24 7.38 3.51 2.12 -0.93 11
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)
-0.19 - -0.19 -0.17 -0.06 - 0.00 0.00 0.00 0.12 -0.32
Basic Earnings per Share
($0.94) ($0.20) $0.15 ($0.04) ($0.11) ($0.36) $0.18 $0.11 $0.04 $0.04 $0.39
Weighted Average Basic Shares Outstanding
78.16M 78.31M 78.38M 78.58M 78.66M 78.59M 78.86M 79.08M 79.22M 79.13M 79.66M
Diluted Earnings per Share
($0.94) ($0.19) $0.15 ($0.04) ($0.11) ($0.36) $0.18 $0.11 $0.04 $0.04 $0.38
Weighted Average Diluted Shares Outstanding
78.16M 78.60M 78.83M 78.58M 78.66M 78.59M 79.26M 80.06M 81.20M 80.58M 81.49M
Weighted Average Basic & Diluted Shares Outstanding
78.25M 78.31M 78.56M 78.64M 78.75M 78.78M 79.05M 79.20M 79.31M 79.44M 80.12M

Annual Cash Flow Statements for National Vision

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 2025
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 1/3/2026
Net Change in Cash & Equivalents
-1.24 0.04 -0.49 13 22 335 -68 -76 -80 -76 -35
Net Cash From Operating Activities
83 98 90 107 165 235 259 119 173 134 146
Net Cash From Continuing Operating Activities
83 98 90 107 165 235 259 119 173 134 146
Net Income / (Loss) Continuing Operations
3.62 13 43 24 33 36 128 42 -66 -28 30
Consolidated Net Income / (Loss)
3.62 13 43 24 33 36 128 42 -66 -28 30
Depreciation Expense
35 53 62 74 87 92 97 100 98 93 91
Amortization Expense
16 3.91 12 1.85 1.29 12 9.04 9.33 6.52 8.52 9.96
Non-Cash Adjustments To Reconcile Net Income
20 18 24 52 51 44 22 25 111 58 29
Changes in Operating Assets and Liabilities, net
8.83 9.43 -50 -45 -7.31 51 2.72 -57 23 3.08 -14
Net Cash From Investing Activities
-80 -91 -95 -104 -101 -76 -93 -111 -116 -96 -77
Net Cash From Continuing Investing Activities
-80 -91 -95 -104 -101 -76 -93 -111 -116 -96 -77
Purchase of Property, Plant & Equipment
-77 -90 -93 -104 -101 -77 -96 -114 -115 -96 -73
Other Investing Activities, net
-0.04 0.05 0.14 0.27 0.69 0.41 2.62 2.65 -1.05 -0.59 -3.77
Net Cash From Financing Activities
-4.32 -6.57 3.84 10 -42 176 -234 -85 -137 -113 -105
Net Cash From Continuing Financing Activities
-4.32 -6.57 3.84 10 -42 176 -234 -85 -137 -113 -105
Repayment of Debt
-8.71 -7.30 -373 -207 -595 -382 -168 -0.00 -106 -224 -126
Repurchase of Common Equity
- -0.19 0.00 -1.93 -26 -0.69 -73 -84 -28 -3.09 -3.21
Issuance of Debt
148 0.00 175 200 567 549 0.00 0.00 0.00 115 25
Other Financing Activities, net
1.76 - 0.00 20 -2.96 9.91 7.25 -0.16 -2.08 -1.49 -0.08
Cash Interest Paid
33 35 47 33 34 31 25 17 12 13 19

Quarterly Cash Flow Statements for National Vision

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 1/3/2026 4/4/2026
Net Change in Cash & Equivalents
11 -116 0.61 29 -98 -7.44 6.61 -32 7.59 -17 29
Net Cash From Operating Activities
41 20 24 51 28 30 32 54 47 13 62
Net Cash From Continuing Operating Activities
41 20 24 51 28 30 32 54 47 13 62
Net Income / (Loss) Continuing Operations
-74 -16 12 -3.13 -8.47 -29 14 8.73 3.37 3.32 31
Consolidated Net Income / (Loss)
-74 -16 12 -3.13 -8.47 -29 14 8.73 3.37 3.32 31
Depreciation Expense
24 24 24 23 23 23 23 23 22 23 23
Amortization Expense
1.54 1.89 1.76 1.83 1.99 2.94 2.52 2.79 2.45 2.20 2.67
Non-Cash Adjustments To Reconcile Net Income
87 8.33 3.26 10 18 27 7.88 5.49 6.20 9.55 7.60
Changes in Operating Assets and Liabilities, net
1.62 1.43 -17 19 -5.96 6.66 -15 15 12 -25 -3.18
Net Cash From Investing Activities
-28 -33 -18 -20 -24 -34 -20 -13 -19 -24 -18
Net Cash From Continuing Investing Activities
-28 -33 -18 -20 -24 -34 -20 -13 -19 -24 -18
Purchase of Property, Plant & Equipment
-28 -33 -20 -20 -24 -32 -20 -12 -16 -24 -18
Other Investing Activities, net
0.05 -0.43 1.81 -0.23 -0.46 -1.71 0.00 -0.85 -3.00 0.08 -0.70
Net Cash From Financing Activities
-2.09 -103 -5.17 -2.27 -102 -3.99 -5.40 -73 -20 -6.11 -14
Net Cash From Continuing Financing Activities
-2.09 -103 -5.17 -2.27 -102 -3.99 -5.40 -73 -20 -6.11 -14
Repayment of Debt
-1.88 -102 -1.88 -1.88 -217 -3.31 -3.31 -88 -3.31 -32 -3.31
Repurchase of Common Equity
-0.05 -0.75 -2.72 -0.05 -0.04 -0.27 -1.62 -0.06 -0.88 -0.65 -11
Other Financing Activities, net
-0.17 -0.32 -0.58 -0.34 -0.16 -0.41 -0.47 -0.28 -0.50 1.16 -0.31
Cash Interest Paid
0.98 5.36 0.25 3.95 3.40 5.80 4.55 5.60 4.48 4.46 3.76
Cash Income Taxes Paid
1.99 1.23 0.11 4.97 0.91 0.34 -0.01 17 0.69 - 0.00

Annual Balance Sheets for National Vision

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 2025
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 1/3/2026
Total Assets
1,531 1,582 1,661 2,033 2,333 2,293 2,291 2,173 2,008 1,984
Total Current Assets
147 162 215 235 567 515 474 397 250 226
Cash & Equivalents
4.95 4.21 17 39 374 306 229 150 74 39
Accounts Receivable
34 43 51 44 58 56 80 87 50 57
Inventories, net
87 91 116 128 111 124 123 120 94 89
Prepaid Expenses
21 24 31 23 23 29 41 40 32 40
Plant, Property, & Equipment, net
256 302 355 0.00 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 1,758
Goodwill
793 793 778 778 778 778 778 718 698 701
Intangible Assets
322 313 305 297 290 283 275 261 249 248
Other Noncurrent Operating Assets
12 11 8.88 723 699 718 765 795 811 809
Total Liabilities & Shareholders' Equity
1,531 1,582 1,661 2,033 2,333 2,293 2,291 2,173 2,008 1,984
Total Liabilities
1,129 927 918 1,256 1,427 1,367 1,390 1,343 1,191 1,114
Total Current Liabilities
200 211 212 273 329 344 344 398 468 412
Short-Term Debt
7.29 7.26 7.57 14 3.60 4.00 4.14 10 101 17
Accounts Payable
39 36 44 41 65 64 65 68 54 79
Accrued Expenses
69 78 81 83 110 119 94 123 109 110
Current Deferred Revenue
84 91 79 84 92 95 103 111 105 117
Other Current Liabilities
- - 0.00 52 58 61 77 85 100 90
Total Noncurrent Liabilities
930 716 707 983 1,098 1,023 1,046 945 723 702
Long-Term Debt
738 562 571 556 652 566 563 451 249 229
Noncurrent Deferred Revenue
29 31 20 22 21 23 22 21 22 23
Noncurrent Deferred & Payable Income Tax Liabilities
111 72 62 60 81 83 94 88 78 83
Other Noncurrent Operating Liabilities
50 51 54 346 345 8.97 367 385 375 367
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
402 655 743 776 907 926 901 829 816 870
Total Preferred & Common Equity
402 655 743 776 907 926 901 829 816 870
Total Common Equity
402 655 743 776 907 926 901 829 816 870
Common Stock
425 633 673 701 797 751 768 790 808 835
Retained Earnings
-8.68 32 75 107 143 278 321 255 226 256
Treasury Stock
-0.23 -0.23 -2.16 -28 -28 -102 - -215 -218 -221
Accumulated Other Comprehensive Income / (Loss)
-15 -9.87 -2.81 -3.81 -4.40 -1.94 -1.18 -0.42 0.00 -0.12

Quarterly Balance Sheets for National Vision

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 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 10/1/2022 4/1/2023 7/1/2023 9/30/2023 3/30/2024 6/29/2024 9/28/2024 3/29/2025 6/28/2025 9/27/2025 4/4/2026
Total Assets
2,292 2,312 2,334 2,266 2,155 2,146 2,020 2,010 1,968 1,958 2,020
Total Current Assets
477 486 494 500 379 364 244 254 218 220 261
Cash & Equivalents
256 247 255 266 150 180 81 80 48 56 68
Accounts Receivable
64 80 79 77 74 61 47 53 46 46 44
Inventories, net
122 124 121 121 119 91 88 89 90 88 108
Prepaid Expenses
35 36 40 37 36 33 28 32 34 30 41
Plant, Property, & Equipment, net
0.00 0.00 0.00 0.00 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 1,756 1,751 1,738 1,760
Goodwill
778 778 778 718 718 718 718 698 698 701 701
Intangible Assets
277 273 271 261 260 260 249 249 248 248 248
Other Noncurrent Operating Assets
760 775 791 787 799 804 810 809 804 789 811
Total Liabilities & Shareholders' Equity
2,292 2,312 2,334 2,266 2,155 2,146 2,020 2,010 1,968 1,958 2,020
Total Liabilities
1,385 1,416 1,426 1,426 1,314 1,303 1,180 1,174 1,118 1,100 1,122
Total Current Liabilities
337 362 363 374 375 663 426 468 418 417 418
Short-Term Debt
3.98 3.24 11 11 10 313 101 101 17 17 17
Accounts Payable
69 75 64 63 61 50 40 37 65 74 87
Accrued Expenses
101 103 113 113 108 110 94 115 127 112 107
Current Deferred Revenue
97 109 104 104 109 103 103 114 107 111 117
Other Current Liabilities
66 72 72 82 86 87 89 101 102 102 91
Total Noncurrent Liabilities
1,048 1,054 1,062 1,053 939 640 754 706 700 683 704
Long-Term Debt
564 564 555 552 449 144 253 245 256 237 225
Noncurrent Deferred Revenue
23 22 22 22 22 22 23 23 23 23 23
Noncurrent Deferred & Payable Income Tax Liabilities
88 88 95 94 80 82 81 72 68 77 88
Other Noncurrent Operating Liabilities
374 381 390 385 388 391 397 367 353 346 368
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
907 897 908 840 841 843 840 836 851 859 898
Total Preferred & Common Equity
907 897 908 840 841 843 840 836 851 859 898
Total Common Equity
907 897 908 840 841 843 840 836 851 859 898
Common Stock
764 773 779 784 793 798 803 815 821 827 842
Retained Earnings
330 339 344 271 266 263 255 240 249 252 287
Treasury Stock
-185 -214 -214 -214 -217 -217 -217 -219 -219 -220 -231
Accumulated Other Comprehensive Income / (Loss)
-1.37 -0.99 -0.80 -0.61 -0.23 -0.06 0.00 - - - 0.19

Annual Metrics And Ratios for National Vision

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 2025
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 1/3/2026
DEI Shares Outstanding
- - - - - - - - - - 79,309,558.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 79,309,558.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - 0.37
Growth Metrics
- - - - - - - - - - -
Profitability Metrics
- - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)
30 34 656 206 79 82 150 37 9.09 -7.25 42
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 2.53% 0.70% -0.62% 3.75%
Earnings before Interest and Taxes (EBIT)
42 64 60 42 74 39 149 53 24 -10 59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
93 121 133 119 162 142 255 162 129 91 160
Valuation Ratios
- - - - - - - - - - -
Leverage & Solvency
- - - - - - - - - - -
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -1,108 579 121 76 200 -194 330 110 39 57
Efficiency Ratios
- - - - - - - - - - -
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 1,077
Increase / (Decrease) in Invested Capital
0.00 1,143 77 85 2.65 -119 345 -293 -101 -46 -16
Book Value per Share
$0.00 $7.15 $8.77 $9.63 $9.81 $11.19 $11.20 $11.42 $10.60 $10.37 $10.96
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) ($1.00)
Total Capital
0.00 1,148 1,224 1,321 1,346 1,562 1,838 1,469 1,291 1,166 1,115
Total Debt
0.00 746 569 578 570 655 912 568 461 350 246
Total Long-Term Debt
0.00 738 562 571 556 652 908 563 451 249 229
Net Debt
0.00 741 565 561 530 281 607 338 311 276 207
Capital Expenditures (CapEx)
77 90 93 104 101 77 96 114 115 96 73
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -50 -46 -6.51 -64 -132 -131 -96 -140 -191 -209
Debt-free Net Working Capital (DFNWC)
0.00 -45 -42 11 -25 242 175 134 9.45 -117 -170
Net Working Capital (NWC)
0.00 -52 -49 3.05 -39 238 171 130 -1.03 -218 -187
Net Nonoperating Expense (NNE)
26 21 613 182 46 45 22 -5.04 75 21 12
Net Nonoperating Obligations (NNO)
0.00 741 565 561 530 281 607 338 309 276 207
Total Depreciation and Amortization (D&A)
50 57 74 76 89 103 106 109 105 101 101
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) $0.37
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 79.13M
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) $0.37
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 80.58M
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 $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 79.44M
Normalized Net Operating Profit after Tax (NOPAT)
35 38 53 42 58 102 154 41 19 21 43
Debt Service Ratios
- - - - - - - - - - -
Payout Ratios
- - - - - - - - - - -

Quarterly Metrics And Ratios for National Vision

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 1/3/2026 4/4/2026
DEI Shares Outstanding
- - - - - - - - - 79,309,558.00 79,437,185.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 79,309,558.00 79,437,185.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - 0.04 0.40
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-12.10% 237.30% -7.30% 4.62% 2.89% 3.45% 5.70% 7.68% 7.93% - 6.58%
EBITDA Growth
-31.50% -7.48% -2.04% -20.85% -46.23% -106.93% 4.54% 63.91% 115.88% - 38.21%
EBIT Growth
-79.54% 25.10% -3.21% -89.37% -348.69% -93.66% 11.50% 2,683.25% 208.92% - 73.08%
NOPAT Growth
-75.63% 25.10% -25.14% -92.38% -348.69% -93.66% 19.73% 2,734.48% 195.59% - 93.54%
Net Income Growth
-741.61% -72.63% -36.04% -155.66% 88.53% -78.84% 21.40% 379.20% 139.82% - 119.80%
EPS Growth
-726.67% -111.11% -31.82% -157.14% 88.30% -89.47% 20.00% 375.00% 136.36% - 111.11%
Operating Cash Flow Growth
23.27% 1,023.84% -67.61% 34.88% -32.00% 53.24% 34.40% 5.44% 67.03% - 91.40%
Free Cash Flow Firm Growth
314.25% -67.44% 928.84% 1,350.62% -77.97% -70.07% -19.48% -41.58% 237.68% - -2.38%
Invested Capital Growth
-6.69% -8.14% -5.47% -8.10% -2.17% -4.03% -4.17% -4.12% -5.09% - -2.75%
Revenue Q/Q Growth
1.63% -16.83% 32.28% -16.73% -0.05% -16.38% 35.17% -4.68% 0.19% - 8.04%
EBITDA Q/Q Growth
-8.39% -58.34% 301.89% -44.72% -37.76% -105.37% 6,159.15% -19.09% -18.03% - 120.86%
EBIT Q/Q Growth
-36.22% -486.35% 271.06% -97.07% -1,592.56% -200.86% 198.49% -37.07% -41.59% - 581.82%
NOPAT Q/Q Growth
-54.27% -486.35% 249.70% -97.21% -1,592.56% -200.86% 192.55% -31.80% -49.67% - 261.06%
Net Income Q/Q Growth
-1,414.54% 78.34% 173.09% -126.74% -170.98% -237.64% 149.62% -38.50% -61.35% - 840.04%
EPS Q/Q Growth
-1,442.86% 79.79% 178.95% -126.67% -175.00% -227.27% 150.00% -38.89% -63.64% - 850.00%
Operating Cash Flow Q/Q Growth
7.61% -51.87% 21.39% 114.54% -45.75% 8.46% 6.46% 68.31% -14.06% - 368.92%
Free Cash Flow Firm Q/Q Growth
1,159.36% 8.73% -11.41% 21.85% -81.34% 47.70% 138.36% -11.09% 7.88% - 155.73%
Invested Capital Q/Q Growth
-6.73% 0.08% 1.05% -2.57% -0.72% -1.82% 0.90% -2.52% -1.71% - -0.45%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
58.11% 62.98% 59.50% 57.15% 57.94% 65.07% 59.79% 58.81% 58.30% - 59.71%
EBITDA Margin
6.72% 3.37% 10.23% 5.64% 3.51% -0.23% 10.12% 8.59% 7.03% - 13.12%
Operating Margin
0.81% -3.75% 4.86% 0.13% -1.95% -7.03% 5.12% 3.38% 1.97% - 8.32%
EBIT Margin
0.81% -3.75% 4.86% 0.13% -1.95% -7.03% 5.12% 3.38% 1.97% - 8.32%
Profit (Net Income) Margin
-16.82% -4.38% 2.42% -0.69% -1.88% -7.57% 2.78% 1.79% 0.69% - 5.73%
Tax Burden Percent
42,170.29% 87.76% 60.90% 119.96% 70.16% 91.75% 65.78% 71.29% 61.43% - 73.56%
Interest Burden Percent
-4.93% 132.93% 81.84% -440.78% 136.83% 117.42% 82.51% 74.41% 57.13% - 93.70%
Effective Tax Rate
0.00% 0.00% 38.74% 0.00% 0.00% 0.00% 34.22% 28.71% 38.57% - 26.44%
Return on Invested Capital (ROIC)
0.89% -3.88% 4.32% 0.17% -2.65% -8.04% 5.54% 4.14% 2.15% - 11.37%
ROIC Less NNEP Spread (ROIC-NNEP)
-24.16% -5.86% 3.47% -1.03% -3.46% -11.47% 4.49% 2.94% 1.07% - 10.42%
Return on Net Nonoperating Assets (RNNOA)
-8.42% -2.19% 1.25% -0.35% -1.17% -4.08% 1.54% 0.87% 0.30% - 2.64%
Return on Equity (ROE)
-7.53% -6.07% 5.57% -0.18% -3.82% -12.12% 7.08% 5.01% 2.44% - 14.02%
Cash Return on Invested Capital (CROIC)
8.49% 9.25% 5.39% 5.06% -2.09% 3.47% 3.78% 4.73% 4.37% - 8.13%
Operating Return on Assets (OROA)
0.66% -2.95% 3.74% 0.13% -1.99% -6.13% 4.55% 3.10% 1.90% - 8.34%
Return on Assets (ROA)
-13.73% -3.45% 1.86% -0.67% -1.91% -6.61% 2.47% 1.64% 0.67% - 5.75%
Return on Common Equity (ROCE)
-7.53% -6.07% 5.57% -0.18% -3.82% -12.12% 7.08% 5.01% 2.44% - 14.02%
Return on Equity Simple (ROE_SIMPLE)
-7.04% 0.00% -8.62% -9.63% -1.89% 0.00% -3.11% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)
2.48 -9.59 14 0.41 -6.17 -19 17 12 5.90 9.22 33
NOPAT Margin
0.57% -2.63% 2.97% 0.09% -1.37% -4.92% 3.37% 2.41% 1.21% - 6.12%
Net Nonoperating Expense Percent (NNEP)
25.05% 1.98% 0.85% 1.20% 0.81% 3.42% 1.05% 1.20% 1.08% - 0.95%
Return On Investment Capital (ROIC_SIMPLE)
- -0.74% 1.10% - - -1.59% 1.45% 1.04% 0.53% 0.83% 2.92%
Cost of Revenue to Revenue
41.89% 37.02% 40.50% 42.85% 42.06% 34.93% 40.21% 41.19% 41.70% - 40.29%
SG&A Expenses to Revenue
51.85% 60.55% 49.74% 51.21% 51.82% 60.34% 50.07% 50.81% 51.78% - 47.09%
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
57.30% 66.74% 54.64% 57.02% 59.89% 72.10% 54.67% 55.43% 56.33% - 51.39%
Earnings before Interest and Taxes (EBIT)
3.55 -14 23 0.59 -8.82 -27 26 16 9.61 6.64 45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
29 12 49 25 16 -0.85 52 42 34 32 71
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.50 1.97 2.06 1.22 1.03 1.02 1.21 2.15 2.63 - 2.10
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)
0.68 0.93 1.01 0.47 0.40 0.46 0.55 0.97 1.18 - 0.93
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 40.22
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 2.49%
Enterprise Value to Invested Capital (EV/IC)
1.37 1.71 1.78 1.17 1.02 1.01 1.16 1.91 2.33 - 1.92
Enterprise Value to Revenue (EV/Rev)
0.84 1.11 1.19 0.60 0.52 0.61 0.69 1.09 1.28 - 1.02
Enterprise Value to EBITDA (EV/EBITDA)
11.25 15.08 16.56 28.20 34.87 12.20 13.71 18.79 19.24 - 11.44
Enterprise Value to EBIT (EV/EBIT)
54.97 79.59 108.40 0.00 0.00 0.00 0.00 250.87 92.31 - 26.38
Enterprise Value to NOPAT (EV/NOPAT)
84.59 214.38 0.00 0.00 0.00 0.00 0.00 358.38 0.00 - 35.39
Enterprise Value to Operating Cash Flow (EV/OCF)
10.33 11.26 16.61 9.58 9.25 8.29 8.99 14.21 15.04 - 11.70
Enterprise Value to Free Cash Flow (EV/FCFF)
15.62 17.72 32.05 22.05 0.00 28.67 29.96 39.58 51.89 - 23.25
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.67 0.56 0.55 0.54 0.42 0.43 0.41 0.32 0.30 - 0.27
Long-Term Debt to Equity
0.66 0.54 0.53 0.17 0.30 0.30 0.29 0.30 0.28 - 0.25
Financial Leverage
0.35 0.37 0.36 0.34 0.34 0.36 0.34 0.30 0.28 - 0.25
Leverage Ratio
2.61 2.58 2.57 2.56 2.55 2.54 2.48 2.43 2.34 - 2.32
Compound Leverage Factor
-0.13 3.43 2.10 -11.27 3.49 2.98 2.05 1.81 1.34 - 2.18
Debt to Total Capital
40.11% 35.74% 35.30% 35.13% 29.64% 30.01% 29.28% 24.26% 22.78% - 21.22%
Short-Term Debt to Total Capital
0.76% 0.81% 0.79% 24.06% 8.46% 8.69% 8.58% 1.49% 1.52% - 1.46%
Long-Term Debt to Total Capital
39.35% 34.93% 34.50% 11.07% 21.18% 21.32% 20.69% 22.76% 21.27% - 19.76%
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
59.89% 64.26% 64.70% 64.87% 70.36% 69.99% 70.72% 75.74% 77.22% - 78.78%
Debt to EBITDA
4.06 3.57 3.72 9.87 10.83 3.85 3.72 2.49 1.98 - 1.35
Net Debt to EBITDA
2.14 2.41 2.50 5.99 8.35 3.04 2.86 2.05 1.54 - 0.97
Long-Term Debt to EBITDA
3.98 3.49 3.64 3.11 7.74 2.74 2.63 2.34 1.85 - 1.25
Debt to NOPAT
30.49 50.73 -163.28 -11.56 -7.34 -48.27 -64.52 47.49 -27.45 - 4.16
Net Debt to NOPAT
16.09 34.25 -109.89 -7.01 -5.66 -38.07 -49.60 39.04 -21.38 - 2.99
Long-Term Debt to NOPAT
29.91 49.58 -159.60 -3.64 -5.25 -34.28 -45.60 44.57 -25.63 - 3.88
Altman Z-Score
1.59 1.68 1.80 1.49 1.57 1.31 1.52 2.02 2.29 - 2.19
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
1.34 1.00 1.01 0.55 0.57 0.53 0.54 0.52 0.53 - 0.62
Quick Ratio
0.92 0.60 0.60 0.36 0.30 0.26 0.28 0.23 0.25 - 0.27
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
84 91 81 99 19 27 65 58 62 25 64
Operating Cash Flow to CapEx
147.44% 60.23% 119.85% 262.48% 116.99% 94.57% 159.40% 457.90% 284.94% - 351.22%
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
0.82 0.79 0.77 0.97 1.02 0.87 0.89 0.92 0.97 - 1.00
Accounts Receivable Turnover
26.49 21.07 22.27 30.98 35.34 26.66 29.05 35.24 41.35 - 41.60
Inventory Turnover
6.77 6.04 5.74 9.70 9.93 7.15 7.47 8.64 9.04 - 8.49
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
12.46 11.06 10.26 18.01 20.18 12.61 15.88 13.57 13.95 - 13.46
Days Sales Outstanding (DSO)
13.78 17.33 16.39 11.78 10.33 13.69 12.57 10.36 8.83 - 8.77
Days Inventory Outstanding (DIO)
53.88 60.38 63.59 37.63 36.76 51.07 48.86 42.23 40.37 - 42.98
Days Payable Outstanding (DPO)
29.28 33.00 35.57 20.26 18.09 28.95 22.99 26.91 26.17 - 27.12
Cash Conversion Cycle (CCC)
38.38 44.71 44.41 29.15 29.00 35.82 38.44 25.68 23.03 - 24.63
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,137 1,138 1,150 1,121 1,113 1,092 1,102 1,075 1,056 1,077 1,072
Invested Capital Turnover
1.58 1.48 1.45 1.85 1.94 1.63 1.64 1.72 1.77 - 1.86
Increase / (Decrease) in Invested Capital
-82 -101 -67 -99 -25 -46 -48 -46 -57 -16 -30
Enterprise Value (EV)
1,562 1,949 2,043 1,306 1,139 1,108 1,276 2,056 2,458 - 2,056
Market Capitalization
1,265 1,638 1,734 1,028 867 832 1,010 1,832 2,260 - 1,882
Book Value per Share
$10.75 $10.60 $10.73 $10.74 $10.68 $10.37 $10.61 $10.76 $10.84 $10.96 $11.30
Tangible Book Value per Share
($1.77) ($1.90) ($1.74) ($1.71) ($1.61) ($1.66) ($1.41) ($1.22) ($1.14) ($1.00) ($0.64)
Total Capital
1,403 1,291 1,300 1,300 1,194 1,166 1,182 1,123 1,112 1,115 1,140
Total Debt
563 461 459 457 354 350 346 272 253 246 242
Total Long-Term Debt
552 451 449 144 253 249 245 256 237 229 225
Net Debt
297 311 309 277 273 276 266 224 197 207 174
Capital Expenditures (CapEx)
28 33 20 20 24 32 20 12 16 24 18
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-129 -140 -136 -165 -163 -191 -193 -232 -236 -209 -209
Debt-free Net Working Capital (DFNWC)
137 9.45 14 14 -81 -117 -113 -184 -180 -170 -141
Net Working Capital (NWC)
127 -1.03 3.91 -299 -182 -218 -214 -201 -197 -187 -158
Net Nonoperating Expense (NNE)
76 6.39 2.68 3.54 2.29 10 3.01 3.00 2.53 5.90 2.09
Net Nonoperating Obligations (NNO)
297 309 309 277 273 276 266 224 197 207 174
Total Depreciation and Amortization (D&A)
26 26 26 25 25 26 25 25 25 26 26
Debt-free, Cash-free Net Working Capital to Revenue
-6.92% -8.00% -7.90% -7.63% -7.45% -10.48% -10.41% -12.32% -12.28% - -10.35%
Debt-free Net Working Capital to Revenue
7.37% 0.54% 0.83% 0.65% -3.73% -6.42% -6.08% -9.75% -9.36% - -6.99%
Net Working Capital to Revenue
6.80% -0.06% 0.23% -13.78% -8.36% -11.98% -11.57% -10.64% -10.24% - -7.81%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.94) ($0.20) $0.15 ($0.04) ($0.11) ($0.36) $0.18 $0.11 $0.04 $0.04 $0.39
Adjusted Weighted Average Basic Shares Outstanding
78.16M 78.31M 78.38M 78.58M 78.66M 78.59M 78.86M 79.08M 79.22M 79.13M 79.66M
Adjusted Diluted Earnings per Share
($0.94) ($0.19) $0.15 ($0.04) ($0.11) ($0.36) $0.18 $0.11 $0.04 $0.04 $0.38
Adjusted Weighted Average Diluted Shares Outstanding
78.16M 78.60M 78.83M 78.58M 78.66M 78.59M 79.26M 80.06M 81.20M 80.58M 81.49M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
78.25M 78.31M 78.56M 78.64M 78.75M 78.78M 79.05M 79.20M 79.31M 79.44M 80.12M
Normalized Net Operating Profit after Tax (NOPAT)
3.50 -9.59 15 2.88 3.43 -3.07 18 12 5.90 5.69 33
Normalized NOPAT Margin
0.80% -2.63% 3.03% 0.64% 0.76% -0.81% 3.43% 2.41% 1.21% - 6.12%
Pre Tax Income Margin
-0.04% -4.99% 3.97% -0.58% -2.67% -8.25% 4.23% 2.52% 1.13% - 7.79%
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
-47.95% -43.12% -4.87% -4.41% -22.47% -10.85% -7.67% -14.11% -122.53% - 25.97%

Financials Breakdown Chart

Key Financial Trends

Here are the top takeaways from National Vision (NASDAQ:EYE) based on the quarterly statements for the last four years, focusing on trends in revenue, profitability, cash flow, and balance sheet position. The bullets are organized with positives first, then neutral items, and finally any negatives.

  • Revenue momentum into 2025 Q4: Q4 2025 revenue rose to about $503.4M, up from $487.3M in Q3 2025, suggesting continued top-line progress into year-end.
  • Consistent gross margins: Gross margin has been stable in the high 50s to around 60% across these quarters (e.g., Q4 2025 gross profit of $292.7M on $503.4M revenue ≈ 58.2%), indicating solid profitability per sale.
  • Strong cash generation from operations (most quarters): Net cash from continuing operating activities was strong in recent quarters (Q2 2025 ≈ $54.3M; Q3 2025 ≈ $46.6M; Q1 2025 ≈ $32.2M), with positive cash flow continuing into Q4 2025 (≈ $13.2M).
  • Profitability per share remains positive, with quarterly variability: Basic and diluted EPS ranged roughly from $0.04 to $0.18 across these periods, indicating ongoing profitability despite quarterly swings.
  • Asset base growing with noncurrent assets: Total assets approached $2.0B by 2025, driven by higher goodwill and intangible assets, signaling expansion and brand/value investments.
  • Manageable leverage with steady debt levels: Long-term debt sits around the mid-$200M range (e.g., approximately $236.5M in recent quarters) and total liabilities near $1.10B, with total equity around $0.86B—implying a balanced capital structure.
  • Capex activity supports growth: Capital expenditures (PPE purchases) have been in the mid-to-high tens of millions per year/quarter (e.g., Q4 2025 PPE ≈ $24.4M; Q3 2025 ≈ $16.4M; Q2 2025 ≈ $11.9M; Q1 2025 ≈ $20.2M), indicating ongoing investments in store/facility expansion or modernization.
  • Working capital movements show seasonality: Changes in operating assets and liabilities fluctuated by quarter (e.g., Q4 2025 net movement ≈ -$25.4M; Q3 2025 ≈ +$12.4M; Q2 2025 ≈ +$14.7M; Q1 2025 ≈ -$15.3M), reflecting normal seasonality and working capital timing.
  • Financing outflows pressure liquidity: Net cash from financing activities has been negative in several quarters due to debt repayments and share repurchases (examples: Q2 2025 ≈ -$73.4M; Q3 2025 ≈ -$19.7M; Q4 2025 ≈ -$6.11M), which reduces available liquidity despite positive operating cash flow.
05/18/26 02:46 PM ETAI Generated. May Contain Errors.

National Vision Financials - Frequently Asked Questions

According to the most recent income statement we have on file, National Vision's financial year ends in January. Their financial year 2026 ended on January 3, 2026.

National Vision's net income appears to be on a downward trend, with a most recent value of $29.60 million in 2025, rising from $3.62 million in 2015. The previous period was -$28.50 million in 2024. Find out what analysts predict for National Vision in the coming months.

National Vision's total operating income in 2025 was $58.83 million, based on the following breakdown:
  • Total Gross Profit: $1.17 billion
  • Total Operating Expenses: $1.11 billion

Over the last 10 years, National Vision's total revenue changed from $1.06 billion in 2015 to $1.99 billion in 2025, a change of 87.1%.

National Vision's total liabilities were at $1.11 billion at the end of 2025, a 6.5% decrease from 2024, and a 1.3% decrease since 2016.

In the past 9 years, National Vision's cash and equivalents has ranged from $4.21 million in 2017 to $373.90 million in 2020, and is currently $38.71 million as of their latest financial filing in 2025.

Over the last 10 years, National Vision's book value per share changed from 0.00 in 2015 to 10.96 in 2025, a change of 1,096.4%.



Financial statements for NASDAQ:EYE last updated on 5/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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