National Vision Holdings, Inc. EYE Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 58.8%+0.6pp | 58.8%+0.7pp | 58.7%+0.9pp | 58.6%+0.8pp | 58.2%+0.1pp | |
| Operating margin | 3.9%+4.3pp | 3%+3.5pp | 1.4%+1.2pp | 0.4%-0.4pp | -0.4%-1.5pp | |
| Net margin | 2.3%+3.7pp | 1.5%+3.1pp | -0.1%+0.8pp | -0.8%+3.8pp | -1.4%+2.7pp | |
| EBITDA margin | 8.4%+3.9pp | 7.5%+3.1pp | 6.1%+0.8pp | 5.3%-0.9pp | 4.5%-2.1pp | |
| Returns | ||||||
| Return on equity | 5.4%+8.5pp | 3.5%+7.0pp | -0.3%+1.6pp | -1.7%+7.6pp | -3.1%+5.2pp | |
| Return on assets | 2.3%+3.6pp | 1.5%+2.8pp | -0.1%+0.6pp | -0.7%+2.9pp | -1.2%+2.0pp | |
| Return on invested capital | 3.7%+4.2pp | 2.6%+3.3pp | 1.7%+1.6pp | 0.5%-0.4pp | -0.5%-1.7pp | |
| Efficiency | ||||||
| Asset turnover | 1×+0.1× | 1×+0.1× | 1×+0.1× | 0.9×+0.1× | 0.9×+0.1× | |
| Inventory turnover | 8.5×+1.0× | 8.9×+1.8× | 9×+1.7× | 8.6×+1.5× | 7.5×+1.3× | |
| Liquidity | ||||||
| Current ratio | 0.6×+0.1× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×-0.5× | |
| Quick ratio | 0.4×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×-0.1× | 0.4×-0.3× | |
| Cash ratio | 0.2×0.0× | 0.1×-0.1× | 0.1×-0.1× | 0.1×-0.2× | 0.2×-0.2× | |
| Leverage | ||||||
| Debt-to-equity | 0.8×-0.2× | 0.8×-0.2× | 0.8×-0.2× | 0.8×-0.3× | 1×-0.1× | |
| Debt-to-assets | 0.3×-0.1× | 0.4×-0.1× | 0.4×-0.1× | 0.4×-0.1× | 0.4×0.0× | |
| Net debt / EBITDA | 3.7×-5.0× | 4.4×-4.8× | 5.4×-2.4× | 6.8×0.0× | 8.7×+2.0× | |
| Per Share | ||||||
| Book value per share | $11.02+4.5% | $10.79+4.1% | $10.58-1.0% | $10.62-1.0% | $10.55-1.2% | |
| Valuation | ||||||
| Market capitalization | $1.41B-22.0% | $2.09B+133% | $2.04B+149% | $1.92B+68.8% | $962.08M-29.7% | |
| Enterprise value | $2.03B-19.7% | $2.74B+67.5% | $2.68B+70.8% | $2.59B+37.5% | $1.69B-21.3% | |
| Price / earnings | 30.3×— | 70.6×— | —— | —— | —— | |
| Price / sales | 0.7×-0.3× | 1.1×+0.6× | 1.1×+0.6× | 1×+0.4× | 0.5×-0.3× | |
| Price / book | 1.6×-0.6× | 2.4×+1.3× | 2.4×+1.4× | 2.3×+0.9× | 1.2×-0.5× | |
| EV / EBITDA | 12×-18.4× | 18.3×-1.9× | 22.9×+6.5× | 26.1×+8.9× | 20.2×+1.9× | |
| EV / sales | 1×-0.4× | 1.4×+0.5× | 1.4×+0.5× | 1.4×+0.3× | 0.9×-0.3× | |
| Earnings yield | 3.3%+4.7pp | 1.4%+4.6pp | -0.1%+1.8pp | -0.7%+6.4pp | -2.7%+2.6pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are National Vision Holdings, Inc.'s profit margins?
- National Vision Holdings, Inc. (EYE) runs a 58.8% gross margin and a 3.9% operating margin, with a 2.3% net margin.
- Where do National Vision Holdings, Inc.'s ratios come from?
- Every ratio is computed from National Vision Holdings, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
