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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Apr '26
$544M
$31M
0.0%
8.3%
$44M
$233M
$68M
Jan '26
$503M
$3M
0.0%
1.3%
-$11M
$236M
$39M
Sep '25
$487M
$3M
0.0%
2.0%
$30M
$243M
$56M
Jun '25
$486M
$9M
0.0%
3.4%
$42M
$261M
$48M
Mar '25
$510M
$14M
0.0%
5.1%
$12M
$334M
$80M
Dec '24
$437M
-$29M
0.0%
-5.8%
-$2M
$337M
$74M
Sep '24
$452M
-$8M
0.0%
-2.0%
$4M
$340M
$81M
Jun '24
$452M
-$3M
0.0%
0.1%
$32M
$442M
$180M
Mar '24
$483M
$12M
0.0%
4.9%
$4M
$444M
$150M
Dec '23
$421M
-$16M
0.0%
-2.9%
-$13M
$445M
$150M
Sep '23
$439M
-$74M
0.0%
0.8%
$13M
$546M
$266M
Jul '23
$432M
$6M
0.0%
1.3%
$12M
$547M
$255M
Apr '23
$521M
$18M
0.0%
5.6%
$46M
$547M
$247M
Dec '22
$469M
-$9M
0.0%
-2.1%
-$30M
$546M
$229M
Oct '22
$499M
$12M
0.0%
3.1%
$3M
$546M
$256M
Jul '22
$510M
$10M
0.0%
3.6%
$13M
$545M
$254M
Apr '22
$528M
$30M
0.0%
7.1%
$19M
$544M
$315M
Jan '22
$478M
$6M
0.0%
1.7%
-$11M
$544M
$306M
Oct '21
$518M
$41M
0.0%
9.8%
$24M
$593M
$439M
Jul '21
$549M
$38M
0.0%
10.0%
$70M
$592M
$408M
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.
The price-to-earnings ratio has risen from 35.8× (Mar '23) to 48.9× (Jun '26).
The price-to-sales ratio has fallen from 0.9× (Mar '23) to 0.7× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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.