Financials · EYE

National Vision Holdings Inc. (EYE) financials

For the twelve months ended Jul 4, 2026, National Vision Holdings Inc. reported $2.03B of revenue and $50.29M of net income.

Revenue, TTM
$2.03B
Revenue growth, YoY
+7.8%
Net income, TTM
$50.29M
Net margin
2.5%
Free cash flow, TTM
$49.08M
EPS, diluted, TTM
$0.61
Cash
$36.00M
Total debt
$230.09M
P/E
28.14
P/S
0.70
Market cap
$1.41B
Annual revenue$1.99B
FY2016FY2025
Annual net income$29.60M
FY2016FY2025
Annual free cash flow$73.45M
FY2016FY2025

EYE revenue and earnings growth

EYE revenueQ2 2026$498.81M

Quarter YoY
+2.5%
QoQ
-8.3%
FY YoY
+9.0%
5Y CAGR
+3.0%
10Y CAGR
+6.5%

EYE revenue was $498.81M in fiscal Q2 2026 (ended Jul 4, 2026), up 2.5% from a year earlier and down 8.3% from the prior quarter. For the full fiscal 2025 it was $1.99B, up 9.0% from fiscal 2024. Compound annual growth was +3.0% over 5 years and +6.5% over 10 years. It rose in 8 of the last 10 fiscal years.

EYE net incomeQ2 2026$12.42M

Quarter YoY
+42.3%
QoQ
-60.2%
5Y CAGR
-4.0%
10Y CAGR
+23.4%

EYE net income was $12.42M in fiscal Q2 2026 (ended Jul 4, 2026), up 42.3% from a year earlier and down 60.2% from the prior quarter. For the full fiscal 2025 it was $29.60M, compared with -$28.50M in fiscal 2024. Compound annual growth was -4.0% over 5 years and +23.4% over 10 years.

EYE EPSQ2 2026$0.15

Quarter YoY
+36.4%
QoQ
-60.5%
5Y CAGR
-3.4%
10Y CAGR
+20.0%

EYE diluted EPS was $0.15 in fiscal Q2 2026 (ended Jul 4, 2026), up 36.4% from a year earlier and down 60.5% from the prior quarter. For the full fiscal 2025 it was $0.37, compared with -$0.36 in fiscal 2024. Compound annual growth was -3.4% over 5 years and +20.0% over 10 years.

EYE free cash flowQ2 2026-$14.09M

FY YoY
+92.6%
5Y CAGR
-14.2%
10Y CAGR
+28.5%

EYE free cash flow was -$14.09M in fiscal Q2 2026 (ended Jul 4, 2026), compared with $42.41M a year earlier. For the full fiscal 2025 it was $73.45M, up 92.6% from fiscal 2024. Compound annual growth was -14.2% over 5 years and +28.5% over 10 years. It rose in 5 of the last 7 fiscal years.

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Income statement

Income statement
Line item
Jan 3, 2026
Dec 28, 2024
Dec 30, 2023
Dec 31, 2022
Jan 1, 2022
Jan 2, 2021
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Dec 31, 2016
Revenue$1.99B$1.82B$1.76B$1.64B$2.08B$1.71B$1.72B$1.54B$1.38B$1.20B
Cost of revenue-------$713.57M$636.97M$544.78M
Gross profit-------$823.28M$738.34M$651.41M
Selling, general and admin$1.02B$938.52M$904.76M$832.61M$900.80M$724.99M$744.49M$687.48M$600.01M$525.87M
Operating income$58.83M-$10.36M$24.49M$52.77M$174.94M$87.01M$73.58M$42.35M$64.29M$64.07M
Interest expense--------$55.54M$39.09M
Pre-tax income$41.68M-$25.68M$9.55M$52.30M$149.32M$38.68M$30.49M$4.87M$4.23M$24.98M
Income tax$12.08M$1.48M$6.01M$15.54M$21.08M$2.40M-$2.31M-$18.79M-$38.91M$11.63M
Net income$29.60M-$28.50M-$65.90M$42.12M$128.24M$36.28M$32.80M$23.65M$43.14M$13.34M
EPS, basic$0.37-$0.36-$0.84$0.53$1.57$0.45$0.42$0.31$0.72$0.24
EPS, diluted$0.37-$0.36-$0.84$0.52$1.43$0.44$0.40$0.30$0.70$0.23
Diluted shares80.6M78.6M78.6M80.3M96.1M82.8M81.7M79.0M62.0M57.0M

Balance sheet

Balance sheet
Line item
Jan 3, 2026
Dec 28, 2024
Dec 30, 2023
Dec 31, 2022
Jan 1, 2022
Jan 2, 2021
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Dec 31, 2016
Cash and equivalents$38.71M$75.24M$149.90M$230.62M$306.88M$375.16M$40.31M$18.00M$5.19M$5.69M
Receivables$57.32M$49.94M$86.85M$79.89M$55.70M$57.99M$44.48M$50.73M$43.19M$34.37M
Inventory$89.32M$93.92M$119.91M$123.16M$123.67M$111.27M$127.56M$116.02M$91.15M$87.06M
Current assets$225.72M$249.83M$396.67M$473.84M$514.58M$566.65M$234.64M$214.70M$162.48M$147.26M
Goodwill$700.64M$698.30M$717.54M$777.61M$777.61M$777.61M$777.61M$777.61M$792.74M$793.23M
Total assets$1.98B$2.01B$2.17B$2.29B$2.29B$2.33B$2.03B$1.66B$1.58B$1.53B
Current liabilities$412.41M$468.27M$397.70M$344.26M$343.80M$328.68M$273.18M$211.65M$211.31M$199.68M
Short-term debt$13.25M$98.02M$7.50M$0$0$0$10.50M---
Long-term debt$223.24M$239.15M$437.68M$546.23M$543.57M$624.61M$525.90M$570.54M$561.98M$738.34M
Total debt$236.49M$337.17M$445.18M$546.23M$543.57M$624.61M$536.40M$570.54M$561.98M$738.34M
Shareholders' equity$869.53M$816.33M$829.42M$901.11M$925.98M$906.50M$776.44M$743.15M$654.60M$399.58M

Cash flow

Cash flow
Line item
Jan 3, 2026
Dec 28, 2024
Dec 30, 2023
Dec 31, 2022
Jan 1, 2022
Jan 2, 2021
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Dec 31, 2016
Operating cash flow$146.29M$133.65M$173.03M$119.20M$258.94M$234.98M$165.08M$106.63M$90.25M$97.59M
Capital expenditures$72.84M$95.50M$114.77M$113.55M$95.52M$76.82M$101.33M$104.49M$93.22M$90.03M
Free cash flow$73.45M$38.14M$58.26M$5.65M$163.42M$158.16M$63.76M$2.13M-$2.97M$7.56M
Investing cash flow-$76.61M-$96.09M-$115.82M-$110.89M-$92.90M-$76.41M-$100.63M-$104.22M-$94.58M-$90.97M
Financing cash flow-$104.62M-$113.34M-$136.81M-$84.56M-$234.32M$176.28M-$42.14M$10.40M$3.84M-$6.57M
Dividends paid------$0$0$170.98M$0
Share repurchases$3.21M$3.09M$28.41M$84.39M$73.30M$689.0K$25.65M$1.93M$0$188.0K
Stock-based compensation$23.69M$16.71M$20.17M$13.51M$14.89M$10.74M$12.67M$20.94M$5.15M$4.29M
Depreciation and amortization$91.15M$91.35M$89.87M$88.69M$97.09M$91.58M$87.24M$74.34M$61.97M$52.68M

Key ratios

Key ratios
Line item
Jan 3, 2026
Dec 28, 2024
Dec 30, 2023
Dec 31, 2022
Jan 1, 2022
Jan 2, 2021
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Dec 31, 2016
Revenue growth, YoY9.0%3.8%6.8%-20.9%21.5%-0.7%12.2%11.7%15.0%12.6%
Net income growth, YoY----67.2%253.5%10.6%38.7%-45.2%223.3%268.9%
EPS growth, YoY----63.6%225.0%10.0%33.3%-57.1%204.3%283.3%
Gross margin-------53.6%53.7%54.5%
Operating margin3.0%-0.6%1.4%3.2%8.4%5.1%4.3%2.8%4.7%5.4%
Net margin1.5%-1.6%-3.8%2.6%6.2%2.1%1.9%1.5%3.1%1.1%
Free cash flow margin3.7%2.1%3.3%0.3%7.9%9.2%3.7%0.1%-0.2%0.6%
Return on equity3.4%-3.5%-7.9%4.7%13.8%4.0%4.2%3.2%6.6%3.3%
Return on assets1.5%-1.4%-3.0%1.8%5.6%1.6%1.6%1.4%2.7%0.9%
Current ratio0.550.531.001.381.501.720.861.010.770.74
Debt to equity0.270.410.540.610.590.690.690.770.861.85

Source: XBRL data National Vision Holdings Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

EYE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
EYE$2.03B+7.8%$50.29M2.5%$1.41B
ALC$10.40B+4.9%$980.00M9.4%$37.45B
COO$4.24B+4.7%$570.30M13.5%$11.86B
BLCO$5.42B+8.9%-$111.00M-2.0%$7.15B
WRBY$934.66M+9.9%$7.47M0.8%$3.15B
STAA$328.27M+42.4%$530.0K0.2%$1.27B
RXST$121.83M-14.3%-$53.36M-43.8%$190.1M
LUCY$3.41M+72.5%-$7.69M-225.3%$7.2M

EYE FAQ

8 questions
  • What is EYE revenue?
    National Vision Holdings Inc. (EYE) reported $2.03B of revenue for the twelve months ended Jul 4, 2026. That is up 7.8% from the year before. Revenue for fiscal 2025 was $1.99B.
  • Is EYE profitable?
    Yes. National Vision Holdings Inc. earned $50.29M in net income for the twelve months ended Jul 4, 2026, a net margin of 2.5%.
  • How much cash and debt does EYE have?
    National Vision Holdings Inc. reported $36.00M in cash and cash equivalents and $230.09M of debt on its most recent balance sheet in SEC filings.
  • How fast is EYE revenue growing?
    National Vision Holdings Inc.'s revenue changed +9.0% in fiscal 2025, to $1.99B. Its compound annual growth rate was +3.0% over 5 years and +6.5% over 10 years.
  • What is EYE free cash flow?
    National Vision Holdings Inc. generated $49.08M of free cash flow for the twelve months ended Jul 4, 2026, which is operating cash flow of $129.61M less capital expenditures.
  • What is EYE earnings per share?
    Diluted earnings per share were $0.61 for the twelve months ended Jul 4, 2026, from SEC filings, restated for any stock split those filings show.
  • When did EYE last report financial results?
    The latest statements here come from National Vision Holdings Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jul 4, 2026.
  • Where does this EYE financial data come from?
    Quantisnow builds these statements from the structured XBRL data National Vision Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.