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EYE Financials National Vision Holdings, Inc.

11 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 3.0% per year over the past 5 years.
  • Net income has grown slower than revenue (-4.0% vs 3.0% per year).
  • Operating margin has contracted, at 3.0% in the latest year.
  • Free cash flow has declined 14.2% per year over the past 5 years.

Financial health

  • Total debt ($236M) exceeds cash ($39M); net debt is $198M.
  • Total debt has grown slower than revenue (-17.7% vs 3.0% per year).
  • Total debt is 1.6× EBITDA.
Revenue & net income
-$66M $1B $2B $0 2016 2017 2019 2022 2023 2026
RevenueNet income
Margins (gross / operating / net)
-4% 25% 54% 0% 2016 2017 2019 2022 2023 2026
GrossOperatingNet
Free cash flow (CFO − capex)
-$3M $80M $163M $0 2016 2017 2019 2022 2023 2026
Free cash flow
Cash vs total debt
$0 $312M $625M 2016 2017 2019 2022 2023 2026
CashTotal debt
Cash flow: operating / investing / financing
-$234M $12M $259M $0 2016 2017 2019 2022 2023 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2026 $2.0B $30M 0.0% 3.0% $73M $236M $39M
2024 $1.8B -$28M 0.0% -0.6% $38M $337M $74M
2023 $1.8B -$66M 0.0% 1.4% $58M $445M $150M
2022 $1.6B $42M 0.0% 3.2% $6M $546M $229M
2022 $2.1B $128M 0.0% 8.4% $163M $544M $306M
2021 $1.7B $36M 0.0% 5.1% $158M $625M $374M
2019 $1.7B $33M 0.0% 4.3% $64M $536M $39M
2018 $1.5B $24M 53.6% 2.8% $2M $17M
2017 $1.4B $43M 53.7% 4.7% -$3M $4M
2016 $1.2B $13M 54.5% 5.4% $8M $5M
2016 $4M $6M $6M

Valuation over time

How the market has priced EYE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 36.5 72.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.6 1.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is EYE growing its revenue and profit?

Over the past 5 years, National Vision Holdings, Inc.'s revenue has grown 3.0% per year, and net income declined 4.0% per year. These are computed facts, not advice.

How much debt does EYE have?

As of FY2026, National Vision Holdings, Inc. reported $236M of total debt against $39M of cash.

What is EYE's profit margin?

In FY2026, gross margin was —, operating margin 3.0%, and net margin 1.5%.

What is EYE's P/E ratio?

As of Jun '26, National Vision Holdings, Inc. traded at a price-to-earnings ratio of about 48.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.