Nathan's Famous (NATH) Financials

$103.20 -3.05 (-2.87%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Nathan's Famous

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

Metric	2024	2023	2022
Period end date	3/31/2024	3/26/2023	3/27/2022
Net Income / (Loss) Attributable to Common Shareholders	20	20	14
Consolidated Net Income / (Loss)	20	20	14
Net Income / (Loss) Continuing Operations	20	20	14
Total Pre-Tax Income	27	27	19
Total Operating Income	33	34	30
Total Gross Profit	55	56	50
Total Revenue	139	131	115
Operating Revenue	139	131	115
Total Cost of Revenue	83	75	65
Operating Cost of Revenue	83	75	65
Total Operating Expenses	23	21	20
Selling, General & Admin Expense	20	18	17
Marketing Expense	2.00	1.99	2.00
Depreciation Expense	1.14	1.14	1.05
Total Other Income / (Expense), net	-5.06	-7.64	-11
Interest Expense	5.52	8.10	11
Interest & Investment Income	0.38	0.44	0.11
Other Income / (Expense), net	0.09	0.02	0.05
Income Tax Expense	7.84	7.18	4.94
Basic Earnings per Share	$4.81	$4.80	$3.30
Weighted Average Basic Shares Outstanding	4.08M	4.09M	4.12M
Diluted Earnings per Share	$4.80	$4.80	$3.30
Weighted Average Diluted Shares Outstanding	4.09M	4.09M	4.12M
Weighted Average Basic & Diluted Shares Outstanding	4.08M	4.08M	4.12M
Cash Dividends to Common per Share	$2.00	$1.85	$1.50

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	12/29/2024	9/29/2024	6/30/2024	12/24/2023	9/24/2023	6/25/2023	3/26/2023	12/25/2022	9/24/2023	6/26/2022	3/27/2022
Net Income / (Loss) Attributable to Common Shareholders	4.48	6.03	9.28	2.61	5.71	7.39	3.51	3.26	5.71	7.14	2.16
Consolidated Net Income / (Loss)	4.48	6.03	9.28	2.61	5.71	7.39	3.51	3.26	5.71	7.14	2.16
Net Income / (Loss) Continuing Operations	4.48	6.03	9.28	2.61	5.71	7.39	3.51	3.26	5.71	7.14	2.16
Total Pre-Tax Income	6.06	8.10	13	3.74	7.86	10	4.57	4.49	7.86	9.88	2.62
Total Operating Income	6.75	9.63	14	5.14	9.10	11	7.23	6.33	9.10	12	6.11
Total Gross Profit	12	15	20	11	15	17	13	11	15	17	11
Total Revenue	32	41	45	29	39	42	26	26	39	40	25
Operating Revenue	32	41	45	29	39	42	26	26	39	40	25
Total Cost of Revenue	20	26	25	18	24	25	13	15	24	23	14
Operating Cost of Revenue	20	26	25	18	24	25	13	15	24	23	14
Total Operating Expenses	5.20	5.45	5.78	5.88	5.45	5.84	5.55	4.90	5.45	5.27	5.04
Selling, General & Admin Expense	4.44	4.64	5.10	5.11	4.57	5.10	4.76	4.09	4.57	4.62	4.23
Marketing Expense	0.52	0.56	0.43	0.51	0.57	0.42	0.50	0.50	0.57	0.42	0.56
Depreciation Expense	0.24	0.25	0.25	0.27	0.32	0.31	0.28	0.30	0.32	0.23	0.25
Total Other Income / (Expense), net	-0.69	-1.53	-0.96	-1.40	-1.24	-1.33	-2.66	-1.85	-1.24	-1.90	-3.49
Interest Expense	0.90	1.78	1.06	1.56	1.41	1.41	2.80	1.94	1.41	1.94	3.54
Interest & Investment Income	0.18	0.22	0.08	0.14	0.15	0.06	0.11	0.16	0.15	0.02	0.02
Other Income / (Expense), net	0.02	0.02	0.02	0.02	0.02	0.02	0.03	-0.06	0.02	0.02	0.03
Income Tax Expense	1.58	2.07	3.51	1.13	2.15	2.74	1.06	1.22	2.15	2.74	0.46
Basic Earnings per Share	$1.10	$1.48	$2.27	$0.64	$1.40	$1.81	$0.86	$0.80	$1.40	$1.74	$0.52
Weighted Average Basic Shares Outstanding	4.09M	4.09M	4.09M	4.08M	4.08M	4.08M	4.09M	4.08M	4.08M	4.11M	4.12M
Diluted Earnings per Share	$1.10	$1.47	$2.27	$0.64	$1.40	$1.81	$0.87	$0.79	$1.40	$1.74	$0.52
Weighted Average Diluted Shares Outstanding	4.09M	4.10M	4.09M	4.08M	4.09M	4.09M	4.09M	4.12M	4.09M	4.11M	4.12M
Weighted Average Basic & Diluted Shares Outstanding	4.09M	4.08M	4.08M	4.08M	-	-	4.08M	4.08M	4.08M	4.08M	4.12M
Cash Dividends to Common per Share	$0.50	$0.50	$0.50	$0.50	$0.50	$0.50	$0.45	$0.45	$0.50	$0.45	$0.45

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

Metric	2024	2023	2022
Period end date	3/31/2024	3/26/2023	3/27/2022
Net Change in Cash & Equivalents	-8.83	-20	-31
Net Cash From Operating Activities	20	20	16
Net Cash From Continuing Operating Activities	20	20	16
Net Income / (Loss) Continuing Operations	20	20	14
Consolidated Net Income / (Loss)	20	20	14
Depreciation Expense	1.14	1.14	1.05
Amortization Expense	0.35	0.51	0.66
Non-Cash Adjustments To Reconcile Net Income	0.91	1.01	1.48
Changes in Operating Assets and Liabilities, net	-2.01	-2.44	-0.31
Net Cash From Investing Activities	-0.31	-0.58	-0.64
Net Cash From Continuing Investing Activities	-0.31	-0.58	-0.64
Purchase of Property, Plant & Equipment	-0.31	-0.63	-0.64
Sale of Property, Plant & Equipment	0.00	0.04	0.00
Net Cash From Financing Activities	-29	-39	-47
Net Cash From Continuing Financing Activities	-29	-39	-47
Repayment of Debt	-20	-30	-41
Repurchase of Common Equity	0.00	-1.89	0.00
Payment of Dividends	-8.16	-7.56	-6.17
Other Financing Activities, net	-0.36	0.00	-0.01
Cash Interest Paid	5.48	8.06	11
Cash Income Taxes Paid	8.31	7.16	4.98

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/24/2023	9/24/2023	6/25/2023	3/26/2023	12/25/2022	9/25/2022	6/25/2023
Net Change in Cash & Equivalents	-7.50	5.23	4.95	4.30	-20	5.04	2.08	-26	1.60	1.72	2.08
Net Cash From Operating Activities	3.62	9.83	4.99	6.41	2.23	9.22	2.15	6.51	3.56	7.62	2.15
Net Cash From Continuing Operating Activities	3.62	9.83	4.99	6.41	2.23	9.22	2.15	6.51	3.53	7.65	2.15
Net Income / (Loss) Continuing Operations	4.48	6.03	9.28	3.91	2.61	5.71	7.39	3.27	3.26	5.71	7.39
Consolidated Net Income / (Loss)	4.48	6.03	9.28	3.91	2.61	5.71	7.39	3.27	3.26	5.71	7.39
Depreciation Expense	0.24	0.25	0.25	0.24	0.27	0.32	0.31	0.30	0.30	0.22	0.31
Amortization Expense	0.02	0.05	0.07	0.07	0.09	0.09	0.09	0.13	0.13	0.16	0.09
Non-Cash Adjustments To Reconcile Net Income	0.35	0.49	0.19	0.23	0.39	0.10	0.19	0.84	0.18	-0.20	0.19
Changes in Operating Assets and Liabilities, net	-1.46	3.01	-4.79	1.95	-1.12	3.00	-5.83	1.98	-0.35	1.76	-5.83
Net Cash From Investing Activities	-0.04	-0.09	-0.04	-0.07	-0.07	-0.10	-0.07	-0.06	-0.12	-0.33	-0.07
Net Cash From Continuing Investing Activities	-0.04	-0.09	-0.04	-0.07	-0.07	-0.10	-0.07	-0.06	-0.12	-0.33	-0.07
Purchase of Property, Plant & Equipment	-0.04	-0.09	-0.04	-0.07	-0.07	-0.10	-0.07	-0.06	-0.12	-0.37	-0.07
Net Cash From Financing Activities	-11	-4.52	0.00	-2.04	-22	-4.08	0.00	-32	-1.84	-5.58	0.00
Net Cash From Continuing Financing Activities	-11	-4.52	0.00	-2.04	-22	-4.08	0.00	-32	-1.84	-5.58	0.00
Repayment of Debt	-8.60	-	-	-	-20	-	-	-30	-	-	-
Payment of Dividends	-2.04	-	-	-2.04	-2.04	-	-	-2.04	-	-	0.00
Cash Interest Paid	1.60	1.14	1.99	-	2.83	-	2.65	0.77	3.64	0.99	2.65
Cash Income Taxes Paid	1.82	4.31	0.14	2.16	1.88	4.18	0.08	2.12	1.47	3.50	0.08

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

Metric	2024	2023	2022
Period end date	3/31/2024	3/26/2023	3/27/2022
Total Assets	49	59	79
Total Current Assets	39	47	65
Cash & Equivalents	21	30	50
Accounts Receivable	15	15	13
Inventories, net	0.84	0.54	0.52
Prepaid Expenses	2.18	1.90	1.44
Plant, Property, & Equipment, net	2.67	3.32	3.79
Total Noncurrent Assets	7.41	7.93	9.33
Goodwill	0.10	0.10	0.10
Intangible Assets	0.70	0.87	1.04
Noncurrent Deferred & Refundable Income Taxes	0.28	0.38	0.58
Other Noncurrent Operating Assets	6.34	6.59	7.61
Total Liabilities & Shareholders' Equity	49	59	79
Total Liabilities	82	103	134
Total Current Liabilities	16	17	16
Short-Term Debt	0.00	-	-
Accounts Payable	5.74	6.46	6.38
Accrued Expenses	7.62	8.13	7.83
Current Deferred Revenue	0.33	0.34	0.35
Other Current Liabilities	1.89	1.78	1.85
Total Noncurrent Liabilities	66	86	117
Long-Term Debt	60	79	108
Other Noncurrent Operating Liabilities	6.65	7.42	8.91
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-33	-45	-55
Total Preferred & Common Equity	-33	-45	-55
Total Common Equity	-33	-45	-55
Common Stock	63	63	62
Retained Earnings	-9.29	-21	-33
Treasury Stock	-87	-87	-85

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q3 2023	Q2 2023	Q1 2023
Period end date	12/29/2024	9/29/2024	6/30/2024	12/24/2023	12/25/2022	9/24/2023	6/25/2023
Total Assets	49	58	59	43	82	66	66
Total Current Assets	40	49	49	32	70	55	55
Cash & Equivalents	24	31	26	17	55	37	32
Accounts Receivable	15	16	20	14	13	16	21
Inventories, net	0.59	1.01	0.93	0.55	0.34	0.92	0.76
Prepaid Expenses	1.11	0.81	1.60	1.59	1.11	0.85	1.36
Plant, Property, & Equipment, net	2.24	2.39	2.54	2.80	3.51	2.95	3.12
Total Noncurrent Assets	6.33	6.62	7.01	7.64	8.37	8.14	7.67
Goodwill	0.10	0.10	0.10	0.10	0.10	0.10	0.10
Intangible Assets	0.57	0.61	0.65	0.74	0.91	0.78	0.83
Noncurrent Deferred & Refundable Income Taxes	0.33	0.30	0.28	0.27	0.58	0.47	0.49
Other Noncurrent Operating Assets	5.34	5.62	5.99	6.54	6.78	6.79	6.27
Total Liabilities & Shareholders' Equity	49	58	59	43	82	66	66
Total Liabilities	68	79	84	78	128	101	105
Total Current Liabilities	14	16	18	11	12	14	19
Short-Term Debt	2.40	2.40	-	-	-	-	-
Accounts Payable	4.68	6.40	7.05	4.68	3.85	5.61	7.81
Accrued Expenses	4.35	5.05	8.95	4.52	5.51	6.64	8.98
Current Deferred Revenue	0.31	0.32	0.32	0.34	0.34	0.34	0.34
Other Current Liabilities	1.92	1.91	1.90	1.88	1.83	1.88	1.74
Total Noncurrent Liabilities	54	63	66	66	116	87	86
Long-Term Debt	49	57	60	59	109	79	79
Other Noncurrent Operating Liabilities	5.40	5.73	6.18	6.98	7.70	7.27	7.04
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Equity & Noncontrolling Interests	-19	-21	-26	-35	-46	-35	-39
Total Preferred & Common Equity	-19	-21	-26	-35	-46	-35	-39
Total Common Equity	-19	-21	-26	-35	-46	-35	-39
Common Stock	63	63	63	63	62	63	63
Retained Earnings	4.37	1.93	-2.06	-11	-22	-12	-15
Treasury Stock	-87	-87	-87	-87	-87	-87	-87

This table displays calculated financial ratios and metrics derived from Nathan's Famous' official financial filings.

Metric	2024	2023	2022
Period end date	3/31/2024	3/26/2023	3/27/2022
Growth Metrics	-	-	-
Revenue Growth	5.98%	13.84%	51.48%
EBITDA Growth	-5.63%	14.15%	15.28%
EBIT Growth	-5.43%	15.20%	17.03%
NOPAT Growth	-7.89%	15.12%	18.79%
Net Income Growth	-0.04%	44.33%	22.76%
EPS Growth	0.00%	45.45%	22.68%
Operating Cash Flow Growth	0.83%	20.39%	40.04%
Free Cash Flow Firm Growth	-6.25%	7.54%	24.13%
Invested Capital Growth	21.34%	47.67%	-4.77%
Revenue Q/Q Growth	0.00%	1.08%	5.99%
EBITDA Q/Q Growth	0.00%	3.32%	2.00%
EBIT Q/Q Growth	0.00%	3.37%	2.35%
NOPAT Q/Q Growth	0.00%	2.93%	4.35%
Net Income Q/Q Growth	0.00%	7.41%	0.72%
EPS Q/Q Growth	0.00%	7.87%	0.61%
Operating Cash Flow Q/Q Growth	-0.51%	-0.37%	3.29%
Free Cash Flow Firm Q/Q Growth	0.00%	2.11%	0.09%
Invested Capital Q/Q Growth	0.00%	-35.27%	-46.73%
Profitability Metrics	-	-	-
Gross Margin	39.99%	42.52%	43.28%
EBITDA Margin	24.58%	27.61%	27.53%
Operating Margin	23.45%	26.34%	25.99%
EBIT Margin	23.51%	26.35%	26.04%
Profit (Net Income) Margin	14.15%	15.00%	11.83%
Tax Burden Percent	71.46%	73.21%	73.35%
Interest Burden Percent	84.23%	77.78%	61.96%
Effective Tax Rate	28.54%	26.79%	26.65%
Return on Invested Capital (ROIC)	453.81%	650.17%	682.27%
ROIC Less NNEP Spread (ROIC-NNEP)	445.57%	639.75%	668.86%
Return on Net Nonoperating Assets (RNNOA)	-504.44%	-689.60%	-705.42%
Return on Equity (ROE)	-50.63%	-39.42%	-23.15%
Cash Return on Invested Capital (CROIC)	434.53%	611.68%	687.16%
Operating Return on Assets (OROA)	60.65%	50.26%	31.94%
Return on Assets (ROA)	36.51%	28.62%	14.52%
Return on Common Equity (ROCE)	-50.63%	-39.42%	-23.15%
Return on Equity Simple (ROE_SIMPLE)	-59.58%	-44.04%	-24.73%
Net Operating Profit after Tax (NOPAT)	23	25	22
NOPAT Margin	16.76%	19.28%	19.07%
Net Nonoperating Expense Percent (NNEP)	8.24%	10.43%	13.41%
Cost of Revenue to Revenue	60.01%	57.48%	56.72%
SG&A Expenses to Revenue	14.28%	13.80%	14.63%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.54%	16.19%	17.28%
Earnings before Interest and Taxes (EBIT)	33	34	30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	34	36	32
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.06	2.17	1.84
Price to Earnings (P/E)	14.54	14.46	15.51
Dividend Yield	2.86%	2.66%	2.93%
Earnings Yield	6.88%	6.91%	6.45%
Enterprise Value to Invested Capital (EV/IC)	57.69	72.00	85.86
Enterprise Value to Revenue (EV/Rev)	2.34	2.55	2.34
Enterprise Value to EBITDA (EV/EBITDA)	9.50	9.22	8.50
Enterprise Value to EBIT (EV/EBIT)	9.93	9.66	8.99
Enterprise Value to NOPAT (EV/NOPAT)	13.94	13.21	12.28
Enterprise Value to Operating Cash Flow (EV/OCF)	16.19	16.79	16.32
Enterprise Value to Free Cash Flow (EV/FCFF)	14.56	14.04	12.19
Leverage & Solvency	-	-	-
Debt to Equity	-1.81	-1.77	-1.97
Long-Term Debt to Equity	-1.81	-1.77	-1.97
Financial Leverage	-1.13	-1.08	-1.05
Leverage Ratio	-1.39	-1.38	-1.59
Compound Leverage Factor	-1.17	-1.07	-0.99
Debt to Total Capital	223.59%	229.22%	203.37%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	223.59%	229.22%	203.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	-123.59%	-129.22%	-103.37%
Debt to EBITDA	1.75	2.19	3.42
Net Debt to EBITDA	1.13	1.36	1.84
Long-Term Debt to EBITDA	1.75	2.19	3.42
Debt to NOPAT	2.56	3.13	4.94
Net Debt to NOPAT	1.66	1.95	2.65
Long-Term Debt to NOPAT	2.56	3.13	4.94
Altman Z-Score	7.43	5.96	3.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.49	2.83	3.98
Quick Ratio	2.30	2.69	3.87
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	22	24	22
Operating Cash Flow to CapEx	6,390.42%	3,396.75%	2,590.72%
Free Cash Flow to Firm to Interest Expense	4.03	2.93	1.92
Operating Cash Flow to Interest Expense	3.62	2.45	1.43
Operating Cash Flow Less CapEx to Interest Expense	3.56	2.38	1.38
Efficiency Ratios	-	-	-
Asset Turnover	2.58	1.91	1.23
Accounts Receivable Turnover	9.30	9.20	9.18
Inventory Turnover	120.47	141.70	113.72
Fixed Asset Turnover	46.25	36.81	29.18
Accounts Payable Turnover	13.63	11.71	12.51
Days Sales Outstanding (DSO)	39.23	39.69	39.76
Days Inventory Outstanding (DIO)	3.03	2.58	3.21
Days Payable Outstanding (DPO)	26.78	31.18	29.19
Cash Conversion Cycle (CCC)	15.48	11.08	13.78
Capital & Investment Metrics	-	-	-
Invested Capital	5.61	4.63	3.13
Invested Capital Turnover	27.08	33.72	35.78
Increase / (Decrease) in Invested Capital	0.99	1.49	-0.16
Enterprise Value (EV)	324	333	269
Market Capitalization	285	284	211
Book Value per Share	($8.06)	($10.92)	($13.36)
Tangible Book Value per Share	($8.25)	($11.16)	($13.64)
Total Capital	27	34	53
Total Debt	60	79	108
Total Long-Term Debt	60	79	108
Net Debt	39	49	58
Capital Expenditures (CapEx)	0.31	0.58	0.64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.18	0.79	-1.08
Debt-free Net Working Capital (DFNWC)	23	31	49
Net Working Capital (NWC)	23	31	49
Net Nonoperating Expense (NNE)	3.61	5.59	8.31
Net Nonoperating Obligations (NNO)	39	49	58
Total Depreciation and Amortization (D&A)	1.48	1.64	1.71
Debt-free, Cash-free Net Working Capital to Revenue	1.57%	0.60%	-0.94%
Debt-free Net Working Capital to Revenue	16.74%	23.44%	42.64%
Net Working Capital to Revenue	16.74%	23.44%	42.64%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$4.81	$4.80	$3.30
Adjusted Weighted Average Basic Shares Outstanding	4.08M	4.09M	4.12M
Adjusted Diluted Earnings per Share	$4.80	$4.80	$3.30
Adjusted Weighted Average Diluted Shares Outstanding	4.09M	4.09M	4.12M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.08M	4.08M	4.12M
Normalized Net Operating Profit after Tax (NOPAT)	23	25	22
Normalized NOPAT Margin	16.76%	19.28%	19.07%
Pre Tax Income Margin	19.80%	20.49%	16.13%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	5.90	4.26	2.60
NOPAT to Interest Expense	4.21	3.11	1.91
EBIT Less CapEx to Interest Expense	5.84	4.18	2.55
NOPAT Less CapEx to Interest Expense	4.15	3.04	1.85
Payout Ratios	-	-	-
Dividend Payout Ratio	41.60%	38.54%	45.40%
Augmented Payout Ratio	41.60%	48.18%	45.40%

This table displays calculated financial ratios and metrics derived from Nathan's Famous' official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	12/29/2024	9/29/2024	6/30/2024	12/24/2023	9/24/2023	6/25/2023	3/26/2023	12/25/2022	9/25/2022	6/26/2022	3/27/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.10%	6.10%	6.63%	10.46%	3.33%	0.00%	5.63%	0.93%	14.05%	26.82%	35.48%
EBITDA Growth	27.31%	4.42%	18.46%	-17.67%	-7.71%	0.38%	17.79%	10.83%	30.99%	8.89%	10.50%
EBIT Growth	31.31%	5.79%	19.87%	-17.76%	-8.25%	0.00%	18.33%	11.68%	33.64%	10.11%	12.61%
NOPAT Growth	39.36%	8.47%	19.33%	-22.15%	-9.50%	0.00%	10.35%	15.18%	33.56%	11.81%	28.22%
Net Income Growth	72.00%	5.59%	25.57%	-20.10%	-4.15%	0.00%	62.74%	53.19%	68.07%	23.84%	4.71%
EPS Growth	71.88%	5.00%	25.41%	-18.99%	-4.11%	0.00%	67.31%	51.92%	69.77%	24.29%	4.00%
Operating Cash Flow Growth	62.51%	6.67%	132.45%	-37.31%	20.91%	0.00%	-1.11%	265.20%	-13.80%	901.30%	8.67%
Free Cash Flow Firm Growth	49.97%	-99.44%	-88.84%	-11.74%	178.53%	67.91%	-21.77%	-33.81%	64.79%	326.38%	59.31%
Invested Capital Growth	7.39%	0.00%	0.00%	8.92%	0.00%	0.00%	47.67%	21.51%	55.65%	-14.67%	-4.77%
Revenue Q/Q Growth	-23.33%	-8.17%	0.00%	-25.43%	-7.72%	60.45%	0.05%	-32.50%	-10.69%	60.34%	-4.40%
EBITDA Q/Q Growth	-29.43%	-29.32%	0.00%	-42.12%	-19.81%	54.66%	14.70%	-29.53%	-12.77%	86.36%	7.92%
EBIT Q/Q Growth	-29.85%	-29.86%	0.00%	-43.49%	-20.52%	58.14%	15.78%	-31.28%	-13.38%	92.31%	9.28%
NOPAT Q/Q Growth	-30.32%	-28.10%	0.00%	-45.77%	-20.90%	50.59%	20.51%	-30.34%	-12.59%	69.18%	25.79%
Net Income Q/Q Growth	-25.64%	-35.00%	0.00%	-54.35%	-22.70%	110.36%	7.63%	-42.86%	-19.36%	230.72%	1.31%
EPS Q/Q Growth	-25.17%	-35.24%	0.00%	-54.29%	-22.65%	108.05%	10.13%	-43.57%	-19.34%	234.62%	0.00%
Operating Cash Flow Q/Q Growth	-63.14%	96.94%	-22.06%	-75.81%	329.14%	-66.99%	82.96%	-53.34%	254.93%	-88.28%	575.67%
Free Cash Flow Firm Q/Q Growth	5,766.54%	-95.87%	0.00%	-78.15%	-17.41%	302.67%	21.46%	-19.51%	-50.21%	90.51%	2.76%
Invested Capital Q/Q Growth	17.77%	-12.94%	0.00%	0.00%	0.00%	-100.00%	-35.27%	3.81%	-13.75%	154.79%	-46.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.91%	36.68%	43.62%	38.14%	37.57%	41.21%	48.82%	42.93%	41.60%	42.93%	44.99%
EBITDA Margin	22.29%	24.22%	31.46%	19.10%	24.61%	28.32%	29.38%	25.63%	27.55%	30.62%	26.34%
Operating Margin	21.42%	23.43%	30.70%	17.78%	23.50%	27.30%	27.63%	24.21%	26.44%	29.66%	24.66%
EBIT Margin	21.49%	23.49%	30.75%	17.85%	23.56%	27.35%	27.75%	23.98%	26.53%	29.71%	24.77%
Profit (Net Income) Margin	14.23%	14.67%	20.72%	9.02%	14.74%	17.60%	13.42%	12.48%	15.89%	17.97%	8.71%
Tax Burden Percent	74.01%	74.45%	72.57%	69.80%	72.62%	72.92%	76.78%	72.74%	73.69%	72.24%	82.34%
Interest Burden Percent	89.46%	83.88%	92.87%	72.41%	86.16%	88.23%	62.99%	71.52%	81.27%	83.71%	42.71%
Effective Tax Rate	25.99%	25.55%	27.43%	30.20%	27.38%	27.08%	23.22%	27.26%	26.31%	27.76%	17.67%
Return on Invested Capital (ROIC)	287.59%	706.82%	772.99%	227.87%	0.00%	0.00%	715.28%	349.88%	440.87%	304.78%	726.56%
ROIC Less NNEP Spread (ROIC-NNEP)	286.13%	698.78%	768.84%	225.83%	0.00%	0.00%	711.48%	347.53%	438.24%	302.38%	721.93%
Return on Net Nonoperating Assets (RNNOA)	-371.69%	-931.75%	-1,014.59%	-267.48%	0.00%	0.00%	-766.92%	-392.23%	-492.47%	-356.22%	-761.39%
Return on Equity (ROE)	-84.10%	-224.93%	-241.60%	-39.60%	0.00%	0.00%	-51.64%	-42.35%	-51.60%	-51.44%	-34.83%
Cash Return on Invested Capital (CROIC)	324.97%	516.04%	409.79%	304.50%	0.00%	0.00%	611.68%	356.75%	392.34%	278.97%	687.16%
Operating Return on Assets (OROA)	68.66%	58.51%	74.29%	39.23%	0.00%	0.00%	52.94%	31.62%	37.27%	40.74%	30.39%
Return on Assets (ROA)	45.46%	36.54%	50.06%	19.83%	0.00%	0.00%	25.60%	16.45%	22.32%	24.63%	10.69%
Return on Common Equity (ROCE)	-84.10%	-224.93%	-241.60%	-39.60%	0.00%	0.00%	-51.64%	-42.35%	-51.60%	-51.44%	-34.83%
Return on Equity Simple (ROE_SIMPLE)	-124.80%	-102.54%	-84.33%	-54.24%	0.00%	0.00%	0.00%	-39.75%	-49.14%	-38.17%	0.00%
Net Operating Profit after Tax (NOPAT)	5.00	7.17	9.97	3.59	6.61	8.36	5.55	4.61	7.31	8.51	5.03
NOPAT Margin	15.85%	17.44%	22.28%	12.41%	17.06%	19.91%	21.21%	17.61%	19.48%	21.42%	20.30%
Net Nonoperating Expense Percent (NNEP)	1.46%	8.04%	4.14%	2.04%	0.00%	0.00%	3.80%	2.35%	2.63%	2.39%	4.64%
Return On Investment Capital (ROIC_SIMPLE)	15.58%	-	-	14.63%	-	-	-	-	-	21.32%	-
Cost of Revenue to Revenue	62.09%	63.32%	56.38%	61.86%	62.43%	58.79%	51.18%	57.07%	58.40%	57.07%	55.01%
SG&A Expenses to Revenue	14.09%	11.29%	11.40%	17.67%	11.79%	12.15%	18.20%	15.65%	12.33%	11.63%	17.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.49%	13.25%	12.91%	20.36%	14.07%	13.91%	21.19%	18.72%	15.16%	13.28%	20.33%
Earnings before Interest and Taxes (EBIT)	6.77	9.66	14	5.16	9.13	11	7.26	6.27	9.95	12	6.14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7.03	9.96	14	5.52	9.53	12	7.69	6.70	10	12	6.53
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	0.00
Price to Revenue (P/Rev)	2.20	2.31	1.95	2.24	2.10	2.26	2.17	2.00	1.93	1.80	1.84
Price to Earnings (P/E)	13.61	15.24	12.79	16.18	14.39	15.12	14.46	14.17	14.19	14.86	15.51
Dividend Yield	2.53%	2.46%	2.97%	2.66%	2.82%	2.58%	2.66%	2.84%	2.81%	2.96%	2.93%
Earnings Yield	7.35%	6.56%	7.82%	6.18%	6.95%	6.61%	6.91%	7.06%	7.05%	6.73%	6.45%
Enterprise Value to Invested Capital (EV/IC)	41.87	50.86	37.88	44.94	0.00	0.00	72.00	43.66	41.96	33.78	85.86
Enterprise Value to Revenue (EV/Rev)	2.39	2.51	2.18	2.55	0.00	0.00	2.55	2.41	2.26	2.19	2.34
Enterprise Value to EBITDA (EV/EBITDA)	9.16	9.84	8.51	10.35	0.00	0.00	9.22	8.93	8.23	8.25	8.50
Enterprise Value to EBIT (EV/EBIT)	9.45	10.19	8.85	10.86	0.00	0.00	9.66	9.36	8.62	8.70	8.99
Enterprise Value to NOPAT (EV/NOPAT)	13.06	14.20	12.42	14.97	0.00	0.00	13.21	12.73	11.72	11.82	12.28
Enterprise Value to Operating Cash Flow (EV/OCF)	14.08	15.38	13.51	17.40	0.00	0.00	16.79	15.67	16.67	14.54	16.32
Enterprise Value to Free Cash Flow (EV/FCFF)	13.34	19.71	18.49	15.39	0.00	0.00	14.04	13.43	13.02	11.15	12.19
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.69	-2.80	-2.34	-1.70	0.00	0.00	-1.77	-2.36	-2.24	-2.02	-1.97
Long-Term Debt to Equity	-2.56	-2.69	-2.34	-1.70	0.00	0.00	-1.77	-2.36	-2.24	-2.02	-1.97
Financial Leverage	-1.30	-1.33	-1.32	-1.18	0.00	0.00	-1.08	-1.13	-1.12	-1.18	-1.05
Leverage Ratio	-1.70	-2.71	-2.30	-1.54	0.00	0.00	-1.38	-1.94	-1.99	-1.85	-1.59
Compound Leverage Factor	-1.52	-2.27	-2.13	-1.12	0.00	0.00	-0.87	-1.39	-1.62	-1.55	-0.68
Debt to Total Capital	159.22%	155.57%	174.72%	242.69%	0.00%	0.00%	229.22%	173.43%	180.64%	198.27%	203.37%
Short-Term Debt to Total Capital	7.48%	6.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	151.74%	149.30%	174.72%	242.69%	0.00%	0.00%	229.22%	173.43%	180.64%	198.27%	203.37%
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%	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%	0.00%
Common Equity to Total Capital	-59.22%	-55.57%	-74.72%	-142.69%	0.00%	0.00%	-129.22%	-73.43%	-80.64%	-98.27%	-103.37%
Debt to EBITDA	1.34	1.62	1.64	1.76	0.00	0.00	2.19	3.11	2.26	2.42	3.42
Net Debt to EBITDA	0.72	0.77	0.93	1.26	0.00	0.00	1.36	1.52	1.20	1.45	1.84
Long-Term Debt to EBITDA	1.27	1.56	1.64	1.76	0.00	0.00	2.19	3.11	2.26	2.42	3.42
Debt to NOPAT	1.91	2.35	2.40	2.55	0.00	0.00	3.13	4.43	3.22	3.47	4.94
Net Debt to NOPAT	1.02	1.12	1.35	1.83	0.00	0.00	1.95	2.17	1.72	2.07	2.65
Long-Term Debt to NOPAT	1.82	2.25	2.40	2.55	0.00	0.00	3.13	4.43	3.22	3.47	4.94
Altman Z-Score	7.10	6.29	5.74	6.18	0.00	0.00	4.43	3.53	4.40	4.07	2.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.94	3.03	2.69	2.84	0.00	0.00	2.83	6.07	3.77	2.92	3.98
Quick Ratio	2.82	2.92	2.55	2.66	0.00	0.00	2.69	5.94	3.65	2.80	3.87
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4.42	0.08	1.82	2.95	13	16	4.06	3.34	4.84	9.88	5.19
Operating Cash Flow to CapEx	8,839.02%	11,048.31%	12,178.05%	3,013.51%	9,602.08%	2,942.47%	10,496.77%	2,868.55%	2,077.38%	315.98%	3,848.54%
Free Cash Flow to Firm to Interest Expense	4.93	0.04	1.72	1.89	9.55	11.55	1.45	1.72	2.49	5.08	1.47
Operating Cash Flow to Interest Expense	4.04	5.54	4.71	1.43	6.52	1.52	2.33	1.83	3.92	0.40	1.86
Operating Cash Flow Less CapEx to Interest Expense	3.99	5.49	4.67	1.38	6.46	1.47	2.30	1.77	3.73	0.27	1.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.20	2.49	2.42	2.20	0.00	0.00	1.91	1.32	1.40	1.37	1.23
Accounts Receivable Turnover	10.33	9.17	6.91	10.29	0.00	0.00	9.20	9.51	8.37	6.14	9.18
Inventory Turnover	152.85	85.16	89.95	185.22	0.00	0.00	141.70	213.32	79.44	95.66	113.72
Fixed Asset Turnover	58.08	60.05	55.78	43.43	0.00	0.00	36.81	35.23	37.12	34.54	29.18
Accounts Payable Turnover	18.66	13.38	11.88	19.33	0.00	0.00	11.71	15.77	13.88	10.33	12.51
Days Sales Outstanding (DSO)	35.33	39.79	52.85	35.47	0.00	0.00	39.69	38.39	43.63	59.43	39.76
Days Inventory Outstanding (DIO)	2.39	4.29	4.06	1.97	0.00	0.00	2.58	1.71	4.59	3.82	3.21
Days Payable Outstanding (DPO)	19.56	27.27	30.71	18.88	0.00	0.00	31.18	23.14	26.29	35.34	29.19
Cash Conversion Cycle (CCC)	18.15	16.80	26.19	18.56	0.00	0.00	11.08	16.96	21.93	27.91	13.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8.36	7.10	8.15	7.78	0.00	0.00	4.63	7.15	6.88	7.98	3.13
Invested Capital Turnover	18.14	40.52	34.69	18.36	0.00	0.00	33.72	19.87	22.63	14.23	35.78
Increase / (Decrease) in Invested Capital	0.58	7.10	8.15	0.64	-6.88	-7.98	1.49	1.27	2.46	-1.37	-0.16
Enterprise Value (EV)	350	361	309	350	0.00	0.00	333	312	289	270	269
Market Capitalization	323	332	275	307	282	300	284	259	247	222	211
Book Value per Share	($4.65)	($5.21)	($6.24)	($8.57)	$0.00	$0.00	($10.92)	($11.27)	($8.67)	($9.53)	($13.36)
Tangible Book Value per Share	($4.81)	($5.38)	($6.43)	($8.78)	$0.00	$0.00	($11.16)	($11.51)	($8.88)	($9.76)	($13.64)
Total Capital	32	38	34	25	0.00	0.00	34	63	44	40	53
Total Debt	51	60	60	59	0.00	0.00	79	109	79	79	108
Total Long-Term Debt	49	57	60	59	0.00	0.00	79	109	79	79	108
Net Debt	27	28	34	43	0.00	0.00	49	53	42	47	58
Capital Expenditures (CapEx)	0.04	0.09	0.04	0.07	0.10	0.07	0.06	0.12	0.37	0.24	0.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5.19	3.81	4.78	4.32	0.00	0.00	0.79	2.96	3.07	4.22	-1.08
Debt-free Net Working Capital (DFNWC)	29	35	31	21	0.00	0.00	31	58	40	36	49
Net Working Capital (NWC)	27	33	31	21	0.00	0.00	31	58	40	36	49
Net Nonoperating Expense (NNE)	0.51	1.14	0.70	0.98	0.90	0.97	2.04	1.34	1.35	1.37	2.87
Net Nonoperating Obligations (NNO)	27	28	34	43	0.00	0.00	49	53	42	47	58
Total Depreciation and Amortization (D&A)	0.25	0.30	0.32	0.36	0.41	0.41	0.43	0.43	0.38	0.36	0.39
Debt-free, Cash-free Net Working Capital to Revenue	3.55%	2.65%	3.38%	3.15%	0.00%	0.00%	0.60%	2.29%	2.40%	3.42%	-0.94%
Debt-free Net Working Capital to Revenue	19.75%	24.36%	21.76%	15.36%	0.00%	0.00%	23.44%	45.14%	31.31%	29.33%	42.64%
Net Working Capital to Revenue	18.11%	22.69%	21.76%	15.36%	0.00%	0.00%	23.44%	45.14%	31.31%	29.33%	42.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.10	$1.48	$2.27	$0.64	$0.00	$0.00	$0.86	$0.80	$1.46	$1.74	$0.52
Adjusted Weighted Average Basic Shares Outstanding	4.09M	4.09M	4.09M	4.08M	0.00	0.00	4.09M	4.08M	4.08M	4.11M	4.12M
Adjusted Diluted Earnings per Share	$1.10	$1.47	$2.27	$0.64	$0.00	$0.00	$0.87	$0.79	$1.46	$1.74	$0.52
Adjusted Weighted Average Diluted Shares Outstanding	4.09M	4.10M	4.09M	4.08M	0.00	0.00	4.09M	4.12M	4.08M	4.11M	4.12M
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	4.09M	4.08M	4.08M	4.08M	0.00	0.00	4.08M	4.08M	4.08M	4.08M	4.12M
Normalized Net Operating Profit after Tax (NOPAT)	5.00	7.17	9.97	3.59	6.61	8.36	5.55	4.61	7.31	8.51	5.03
Normalized NOPAT Margin	15.85%	17.44%	22.28%	12.41%	17.06%	19.91%	21.21%	17.61%	19.48%	21.42%	20.30%
Pre Tax Income Margin	19.22%	19.70%	28.56%	12.93%	20.30%	24.13%	17.48%	17.15%	21.56%	24.87%	10.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.55	5.44	12.99	3.30	6.46	8.12	2.60	3.23	5.12	6.07	1.73
NOPAT to Interest Expense	5.57	4.04	9.41	2.30	4.68	5.91	1.98	2.37	3.76	4.38	1.42
EBIT Less CapEx to Interest Expense	7.51	5.39	12.95	3.26	6.39	8.07	2.57	3.16	4.93	5.95	1.69
NOPAT Less CapEx to Interest Expense	5.52	3.99	9.37	2.25	4.61	5.86	1.96	2.31	3.57	4.25	1.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.46%	37.42%	0.00%	43.01%	0.00%	0.00%	38.54%	40.38%	0.00%	31.62%	45.40%
Augmented Payout Ratio	34.46%	37.42%	0.00%	43.01%	0.00%	0.00%	48.18%	50.74%	10.88%	31.62%	45.40%

Frequently Asked Questions About Nathan's Famous' Financials

When does Nathan's Famous's financial year end?

According to the most recent income statement we have on file, Nathan's Famous' fiscal year ends in March. Their fiscal year 2024 ended on March 31, 2024.

How has Nathan's Famous' net income changed over the last 2 years?

Nathan's Famous' net income appears to be on an upward trend, with a most recent value of $19.62 million in 2024, rising from $13.60 million in 2022. The previous period was $19.62 million in 2023.

What is Nathan's Famous's operating income?

Nathan's Famous's total operating income in 2024 was $32.51 million, based on the following breakdown:

Total Gross Profit: $55.43 million
Total Operating Expenses: $22.92 million

How has Nathan's Famous revenue changed over the last 2 years?

Over the last 2 years, Nathan's Famous' total revenue changed from $114.88 million in 2022 to $138.61 million in 2024, a change of 20.7%.

How much debt does Nathan's Famous have?

Nathan's Famous' total liabilities were at $81.78 million at the end of 2024, a 20.7% decrease from 2023, and a 38.7% decrease since 2022.

How much cash does Nathan's Famous have?

In the past 2 years, Nathan's Famous' cash and equivalents has ranged from $21.03 million in 2024 to $50.06 million in 2022, and is currently $21.03 million as of their latest financial filing in 2024.

How has Nathan's Famous' book value per share changed over the last 2 years?

Over the last 2 years, Nathan's Famous' book value per share changed from -13.36 in 2022 to -8.06 in 2024, a change of -39.7%.

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This page (NASDAQ:NATH) was last updated on 5/21/2025 by MarketBeat.com Staff

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Nathan's Famous (NATH) Financials

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Nathan's Famous (NATH) Financials

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