National Vision Holdings, Inc.(EYE)Earnings, Financials & Key Ratios

EYE•NASDAQ

$19.78

53.5× P/E·Price updated Jul 7, 2026

SectorConsumer Cyclical IndustrySpecialty Retail Sub-IndustryRetail Services and Enablement Platforms

AboutNational Vision Holdings, Inc., through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services. As of January 1, 2022, the company operated through 1,278 retail stores, as well as various e-commerce websites. National Vision Holdings, Inc. was founded in 1990 and is headquartered in Duluth, Georgia.Show more

Revenue$1.99B+9.0%
EBITDA$152M+71.8%
Net Income$30M+203.9%
EPS (Diluted)0.37+202.8%
Gross Margin54.18%-6.7%
EBITDA Margin7.67%+57.6%
Operating Margin3.08%+642.6%
Net Margin1.49%+195.3%
ROE3.51%+201.4%

EYE Price & Volume

National Vision Holdings, Inc. (EYE) stock price & volume — 10-year historical chart

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Operational Volatility Challenges National Vision Growth Trajectory

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Mixed

Profitability:Strained

Financial:Vulnerable

Cash Flow:Mixed

Primary Risk:Optometrist labor supply constraints

Key Thesis Takeaways

National Vision Holdings faces a complex transition characterized by inconsistent revenue growth and significant margin compression, as evidenced by the recent 8.3% operating margin in 2026Q1.
While the company has successfully reduced total debt from $923.2 million in 2023Q4 to $692.1 million in 2026Q1, the reliance on a $701.0 million goodwill base and tight liquidity remains a concern.
Investors should monitor the company's ability to achieve sustainable operating leverage amidst persistent labor supply constraints and high fixed costs that frequently consume over $250 million in quarterly SG&A expenses.

Verdict Logic

while the company has successfully deleveraged its balance sheet, the current P/E ratio of 50.97 appears elevated given the historical volatility in net margins, which reached a low of -6.5% in 2024Q4.

EYE Growth Metrics

National Vision Holdings, Inc. (EYE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.46%

5 Years3.03%

3 Years6.51%

TTM10.05%

Profit CAGR

10 Years23.39%

5 Years-3.99%

3 Years-11.09%

TTM190.54%

EPS CAGR

10 Years22.16%

5 Years-3.41%

3 Years-10.72%

TTM188.02%

Return on Capital

10 Years3.44%

5 Years2.44%

3 Years0.21%

Last Year3.77%

EYE Recent Earnings

National Vision Holdings, Inc. (EYE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 12/12 qtrs (100%)●Beat Revenue 8/12 qtrs (67%)

Q2 2026Latest

May 13, 2026

Metric

Actual

Est

EPS

$0.45+4.7%

$0.43

Rev

$544M-0.2%

$545M

Q2 2026

Mar 4, 2026

Metric

Actual

Est

EPS

$0.15+148.8%

$0.06

Rev

$503M+1.6%

$495M

Q4 2025

Nov 5, 2025

Metric

Actual

Est

EPS

$0.13+8.3%

$0.12

Rev

$487M-1.6%

$495M

Q3 2025

Aug 6, 2025

Metric

Actual

Est

EPS

$0.18+38.5%

$0.13

Rev

$486M+3.2%

$471M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 13, 2026	$0.45vs $0.43+4.7%	$544Mvs $545M-0.2%
Q2 2026	Mar 4, 2026	$0.15vs $0.06+148.8%	$503Mvs $495M+1.6%
Q4 2025	Nov 5, 2025	$0.13vs $0.12+8.3%	$487Mvs $495M-1.6%
Q3 2025	Aug 6, 2025	$0.18vs $0.13+38.5%	$486Mvs $471M+3.2%

Based on last 12 quarters of dataView full earnings history →

Latest EYE News

Recent stock market news and headlines for National Vision Holdings, Inc. (EYE)

Newsfile Corp·Jun 24, 2026

Rise Nano Optics Announces Strategic Partnership with SportifEye Optics to Produce and Commercialize SpectraGuard(TM) Lenses in the United States

Expanding Lab Partnership Network now includes expertise in Sport, Safety and Performance Eyewear Vancouver, British Columbia--(Newsfile Corp. - June 24, 2026) - Rise Nano Optics Ltd. (CSE: EYE) ("Rise" or the "Company"), a health technology company advancing vision care through patented nanotechnology lens solutions, today announced a strategic partnership with SportifEye Optics ("SportifEye"), a cutting-edge, full-service optical laboratory and VSP®-Authorized Lab based in Southern California, to support the production and commercialization of its SpectraGuard lens technology in the United States.

Peers Comparison

Key metrics vs top competitors for National Vision Holdings, Inc. (EYE)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
EYENational Vision Holdings, Inc.Current	$19.78	$1.58B	53.46	9%	1.49%	3.51%	—
NVSTEnvista Holdings Corp	$27.13	$4.42B	96.89	8.32%	2.41%	2.18%	—
HSICHenry Schein, Inc.	$86.84	$9.89B	26.56	4.03%	2.95%	8.14%	—
DRVNDriven Brands Holdings Inc.	$15.13	$2.5B	17.80	-20.39%	10.35%	24.44%	—
AMSFAMERISAFE, Inc.	$35.45	$663.05M	14.35	2.63%	14.27%	17.85%	—
ACHCAcadia Healthcare Company, Inc.	$31.92	$2.94B	-2.63	5.04%	-32.84%	-40.92%	—

Compare EYE vs Peers

National Vision Holdings, Inc. (EYE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NVST

Most directly comparable listed peer for EYE.

Scale Benchmark

vs IDXX

Larger-name benchmark to compare EYE against a more recognizable public peer.

Peer Set

Compare Top 5

vs NVST, HSIC, DRVN, AMSF

EYE SEC Filings & Documents

National Vision Holdings, Inc. (EYE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 13, 2026·SEC

Material company update

Mar 4, 2026·SEC

Material company update

Dec 16, 2025·SEC

10-K Annual Reports

FY 2026

Mar 4, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 27, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 14, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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EYE Frequently Asked Questions

National Vision Holdings, Inc. (EYE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is National Vision Holdings, Inc.'s revenue?

National Vision Holdings, Inc. (EYE) reported $2.02B in revenue for fiscal year 2025. This represents a 90% increase from $1.06B in 2015.

How fast is National Vision Holdings, Inc. growing?

National Vision Holdings, Inc. (EYE) grew revenue by 9.0% over the past year. This is steady growth.

Is EYE profitable?

Yes, National Vision Holdings, Inc. (EYE) is profitable, generating $46.6M in net income for fiscal year 2025 (1.5% net margin).

Dividend & Returns

What is EYE's return on equity?

National Vision Holdings, Inc. (EYE) has a return on equity (ROE) of 3.5%. This is below average, suggesting room for improvement.

What is National Vision Holdings, Inc.'s free cash flow?

National Vision Holdings, Inc. (EYE) generated $105.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in EYE back in 2015?

Total return calculator · dividends reinvested · 11+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 13, 2026

$0.45vs $0.43+4.7%

$544Mvs $545M-0.2%

Q2 2026

Mar 4, 2026

$0.15vs $0.06+148.8%

$503Mvs $495M+1.6%

Q4 2025

Nov 5, 2025

$0.13vs $0.12+8.3%

$487Mvs $495M-1.6%

Q3 2025

Aug 6, 2025

$0.18vs $0.13+38.5%

$486Mvs $471M+3.2%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

EYENational Vision Holdings, Inc.Current

$19.78

$1.58B

53.46

1.49%

3.51%

—

NVSTEnvista Holdings Corp

$27.13

$4.42B

96.89

8.32%

2.41%

2.18%

—

HSICHenry Schein, Inc.

$86.84

$9.89B

26.56

4.03%

2.95%

8.14%

—

DRVNDriven Brands Holdings Inc.

$15.13

$2.5B

17.80

-20.39%

10.35%

24.44%

—

AMSFAMERISAFE, Inc.

$35.45

$663.05M

14.35

2.63%

14.27%

17.85%

—

ACHCAcadia Healthcare Company, Inc.

$31.92

$2.94B

-2.63

5.04%

-32.84%

-40.92%

—