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National Vision Holdings, Inc.

EYE

National Vision Holdings is a leading optical retailer in the United States, specializing in the value segment of the eye care market.

Market cap
$1.56B-19.3%
Revenue$2.0B+9.2%
Net income$46.6M+279%
Free cash flow$128.8M+223%
EPS (diluted)$0.57+273%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$499.8M
EPS estimate$0.17

Financials

Q1 2026

Income statement

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Revenue$543.9M+6.6%
Gross profit$324.7M+6.4%
Operating income$45.2M+73.1%
Net income$31.2M+120%
EPS (diluted)$0.38+111%

Balance sheet

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Cash & equivalents$69.6M-15.0%
Total debt$692.1M-14.0%
Total equity$898.0M+7.4%
Total assets$2.0B+0.5%

Cash flow

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Operating cash flow$61.7M+91.4%
CapEx$17.6M-13.1%
Free cash flow$44.1M+267%

Valuation & ratios

Valuation

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Market cap$1.56B-19.3%
Enterprise value$2.19B-14.8%
P/E33.6×
P/S0.8×-0.2×

Profitability

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Gross margin58.8%+0.6pp
Operating margin3.9%+3.5pp
Net margin2.3%+1.7pp

Returns & leverage

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Return on equity5.4%+3.9pp
Debt / equity0.8×-0.2×
Current ratio0.6×+0.1×

Segments

By product

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Products$439.5M+6.5%
Services and plans$104.4M+7.0%

By segment

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Owned And Host Store Brands$539.3M+4.7%

Competitors

Profile

National Vision Holdings is a leading optical retailer in the United States, specializing in the value segment of the eye care market. The company provides comprehensive vision services including eye exams, eyeglasses, and contact lenses through a diverse portfolio of retail brands and e-commerce platforms. Its core value proposition centers on making quality eye care affordable and accessible through a highly efficient centralized laboratory network and scaled procurement.

Competitive position

A leading value-segment optical retailer in the U.S. with a significant store footprint and vertically integrated laboratory network.

GeographiesUnited States
Customer segmentsLow-to-middle income households, Managed care patients, Military families
Business modelBrick-and-mortar retail, Direct-to-consumer e-commerce, Host/Licensed department model, Telehealth
SuppliersEyeglass frame manufacturers, Lens blank suppliers, Contact lens manufacturers, Telehealth technology providers
CustomersIndividual retail consumers, Managed vision care plan members, Military base residents
Listed2017
Employees14.0K
CEOAlexander N. Wilkes
FilingsSEC EDGAR

Questions, answered.

What is National Vision Holdings, Inc.'s market cap?
National Vision Holdings, Inc. (EYE) has a market capitalization of $1.6B and trades on NASDAQ.
What is National Vision Holdings, Inc.'s revenue and profitability?
National Vision Holdings, Inc. generated $2.0B in trailing twelve-month revenue with net income of $46.6M, representing a net margin of 2.3%. Gross margin stands at 58.8%, with free cash flow of $128.8M. These figures are based on the Q2 2026 filing.
Who are National Vision Holdings, Inc.'s competitors?
National Vision Holdings, Inc.'s key competitors include Warby Parker, Walmart, Costco Wholesale, and others. These companies compete in similar markets and product categories.
Who does National Vision Holdings, Inc. partner with?
National Vision Holdings, Inc.'s notable partners include Fred Meyer, Army & Air Force Exchange Service.
What subsidiaries does National Vision Holdings, Inc. have?
National Vision Holdings, Inc.'s subsidiaries include National Vision, Inc., America’s Best Contacts and Eyeglasses, Eyeglass World.
Where is National Vision Holdings, Inc. headquartered?
National Vision Holdings, Inc. is headquartered in United States of America and employs approximately 13,998 people. It has been publicly traded since 2017.