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National Vision Holdings, Inc. EYE Exams — Total net revenue

Other product segments

Eyeglasses and sunglasses
$1.27B+10.8%
Products
$439.5M+6.5%
Contact lenses
$324.2M+5.5%
Services and plans
$104.38M+7.0%
Product protection plans
$73.57M+1.0%
Eyecare clubs
$54.63M+1.7%
Accessories and other
$11.27M+11.6%

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Other financials

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

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Market cap$1.41B-22.0%
Enterprise value$2.03B-19.7%
P/E30.3×
P/S0.7×-0.3×

Profitability

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Gross margin58.8%+0.6pp
Operating margin3.9%+3.5pp
Net margin2.3%+1.7pp
FCF margin4.4%

Returns & leverage

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

Where this comes from

Reported directly by National Vision Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: National Vision Holdings, Inc.’s 10-K, filed March 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is National Vision Holdings, Inc.'s exams — total net revenue?
National Vision Holdings, Inc. (EYE) reported exams — total net revenue of $63.67M in Q4 2025.
How has National Vision Holdings, Inc.'s exams — total net revenue changed year-over-year?
National Vision Holdings, Inc.'s exams — total net revenue increased by 9.0% year-over-year, from $58.41M to $63.67M.
What is the long-term trend for National Vision Holdings, Inc.'s exams — total net revenue?
Over 3 years (2022 to 2025), National Vision Holdings, Inc.'s exams — total net revenue has grown at a 12.8% compound annual growth rate (CAGR), from $177.48M to $254.7M.
What does exams — total net revenue mean?
This metric represents the total gross revenue generated specifically from professional eye examination services provided within the company's retail locations. It serves as a key indicator of service-based demand and foot traffic, reflecting the company's ability to monetize clinical vision care independent of retail product sales. Growth in this area highlights the effectiveness of the company's service-led customer acquisition strategy.