15 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 16.4% per year over the past 5 years.
Net income has grown slower than revenue (12.6% vs 16.4% per year).
Operating margin has contracted, at 18.6% in the latest year.
Free cash flow has grown 9.8% per year over the past 5 years.
Financial health
Total debt ($48M) exceeds cash ($24M); net debt is $24M.
Total debt has grown slower than revenue (-20.0% vs 16.4% per year).
Operating income covered interest expense 11× in the latest 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
$162M
$20M
34.3%
18.6%
$18M
$48M
$24M
2025
$148M
$24M
39.5%
24.6%
$25M
$50M
$28M
2024
$139M
$20M
40.0%
23.5%
$20M
$60M
$21M
2023
$131M
$20M
42.5%
26.3%
$19M
$80M
$30M
2022
$115M
$14M
43.3%
26.0%
$16M
$110M
$50M
2021
$76M
$11M
57.1%
33.6%
$11M
$147M
$81M
2020
$103M
$13M
47.3%
26.3%
$11M
$146M
$77M
2019
$102M
$21M
48.2%
27.5%
$11M
$145M
$75M
2018
$104M
$3M
43.6%
26.0%
$18M
$145M
$57M
2017
$96M
$7M
46.4%
27.3%
$9M
$131M
$57M
2016
—
$6M
—
—
$11M
$130M
$50M
2015
—
$12M
—
—
$12M
$129M
$51M
2014
—
$8M
—
—
-$1M
—
$22M
2013
—
$7M
—
—
$8M
—
$13M
2012
—
$6M
—
—
$8M
—
$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
Mar '26
$35M
$3M
35.6%
13.4%
$3M
$48M
$24M
Dec '25
$34M
$3M
32.6%
14.9%
$6M
$49M
$25M
Sep '25
$46M
$5M
29.1%
16.4%
$10M
$49M
$32M
Jun '25
$47M
$9M
39.5%
27.2%
-$335000
$50M
$27M
Mar '25
$31M
$4M
38.7%
20.7%
$7M
$50M
$28M
Dec '24
$32M
$4M
37.9%
21.4%
$4M
$51M
$24M
Sep '24
$41M
$6M
36.7%
23.4%
$10M
$60M
$31M
Jun '24
$45M
$9M
43.6%
30.7%
$5M
$60M
$26M
Mar '24
$29M
$4M
43.3%
23.5%
$6M
$60M
$21M
Dec '23
$29M
$3M
38.1%
17.8%
$2M
$59M
$17M
Sep '23
$39M
$6M
37.6%
23.5%
$9M
$79M
$37M
Jun '23
$42M
$7M
41.2%
27.3%
$2M
$79M
$32M
Mar '23
$27M
$3M
42.8%
23.4%
$6M
$80M
$30M
Dec '22
$26M
$3M
42.9%
24.2%
$3M
$109M
$55M
Sep '22
$37M
$6M
41.6%
26.4%
$9M
$108M
$54M
Jun '22
$40M
$7M
42.9%
29.7%
$527000
$108M
$48M
Mar '22
$25M
$2M
45.0%
24.7%
$6M
$110M
$50M
Dec '21
$26M
$2M
38.1%
21.7%
$852000
$147M
$86M
Sep '21
$33M
$4M
38.8%
22.6%
$9M
$147M
$87M
Jun '21
$31M
$6M
50.9%
34.2%
-$98000
$147M
$80M
Valuation over time
How the market has priced NATH 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 15.7× (Mar '23) to 20.8× (Jun '26).
The price-to-sales ratio has risen from 2.3× (Mar '23) to 2.6× (Jun '26).
The dividend yield has risen from 2.5% (Mar '23) to 2.6% (Mar '24).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is NATH growing its revenue and profit?
Over the past 5 years, NATHANS FAMOUS, INC.'s revenue has grown 16.4% per year, and net income grown 12.6% per year. These are computed facts, not advice.
How much debt does NATH have?
As of FY2026, NATHANS FAMOUS, INC. reported $48M of total debt against $24M of cash; operating income covered interest expense 11×.
What is NATH's profit margin?
In FY2026, gross margin was 34.3%, operating margin 18.6%, and net margin 12.4%.
What is NATH's P/E ratio?
As of Jun '26, NATHANS FAMOUS, INC. traded at a price-to-earnings ratio of about 20.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield 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.