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National Vision Holdings, Inc. EYE Eyecare clubs — Total net revenue

Other product segments

Eyeglasses and sunglasses
$1.27B+10.8%
Products
$439.5M+6.5%
Contact lenses
$324.2M+5.5%
Exams
$254.7M+9.0%
Services and plans
$104.38M+7.0%
Product protection plans
$73.57M+1.0%
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$1.81B+0.3%
Enterprise value$2.43B-1.7%
P/E38.8×
P/S0.9×-0.1×

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 source filing: National Vision Holdings, Inc.’s 10-K, filed March 4, 2026.

Filed
Mar 4, 2026, 6:07 AM EST
Fiscal year
FY2025
Accession
0001628280-26-014379
In thousandsFiscal Year 2025Fiscal Year 2024Fiscal Year 2023
Accessories and other11,27010,1006,961
Total net product sales1,604,5921,463,1391,423,229
Net sales of services and plans
Exams254,699233,621207,833
Product protection plans73,56572,85472,069
Eyecare clubs54,63253,70653,240
Total net sales of services and plans382,896360,181333,142
Total net revenue$1,987,488$1,823,320$1,756,371

Item 8. Financial Statements and Supplementary Data

FAQ

What is National Vision Holdings, Inc.'s eyecare clubs — total net revenue?
National Vision Holdings, Inc. (EYE) reported eyecare clubs — total net revenue of $13.66M in Q4 2025.
How has National Vision Holdings, Inc.'s eyecare clubs — total net revenue changed year-over-year?
National Vision Holdings, Inc.'s eyecare clubs — total net revenue increased by 1.7% year-over-year, from $13.43M to $13.66M.
What is the long-term trend for National Vision Holdings, Inc.'s eyecare clubs — total net revenue?
Over 3 years (2022 to 2025), National Vision Holdings, Inc.'s eyecare clubs — total net revenue has grown at a 1.8% compound annual growth rate (CAGR), from $51.78M to $54.63M.
What does eyecare clubs — total net revenue mean?
This metric represents the total gross sales generated from the company's eyecare club membership programs and associated subscription-based services. It reflects the recurring revenue stream derived from customers opting into membership models for vision care products and services. Tracking this figure helps investors evaluate the stability and growth of the company's loyalty-based revenue model within its retail optical operations.

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