National Vision Holdings, Inc.

National Vision Holdings, Inc.

EYE
National Vision Holdings, Inc.US flagNASDAQ Global Select
16.41
USD
+0.05
- -
1.31BMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
14.7
16.55
22.96
20.25
21.94
21.25
25.42
20.6
22.43
23.2
25.12
25.6
Basic EPS, GAAP
0.05
0.18
0.72
0.31
0.42
0.45
1.57
0.53
-0.84
-0.36
0.37
0.63
Free Cash Flow per Basic Share
0.08
0.1
-0.05
0.03
0.81
1.96
2
0.07
0.74
0.49
0.93
0.62
Dividend per Share
2.02
- -
2.85
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
5.34
5.56
8.77
9.51
9.74
11.16
11.37
11.41
10.59
10.36
10.95
11.35
Tangible Book Value per Share
-10.27
-9.87
-6.05
-4.34
-3.75
-1.98
-1.65
-1.92
-1.9
-1.66
-1
-0.65
Basic Weighted Avg Shares
72
72
60
76
79
81
82
80
78
79
79
79
Sales/Revenue/Turnover
1,063
1,196
1,375
1,537
1,724
1,712
2,080
1,645
1,756
1,823
1,987
2,033
Operating Margin (%)
4.93
5.95
5.48
3.9
4.78
6.37
8.63
3.54
1.55
1.62
3.06
4.27
Depreciation Expense
44
53
62
74
87
92
102
106
101
99
100
101
Net Income, GAAP
4
13
43
24
33
36
128
42
-66
-28
30
50
Effective Tax Rate (%)
32.83
46.58
- -
- -
- -
6.21
14.12
29.72
62.88
- -
28.98
26.3
Profit Margin (%)
0.34
1.12
3.14
1.54
1.9
2.12
6.17
2.56
-3.75
-1.56
1.49
2.47
Working Capital
-41
-52
-49
3
-39
238
171
130
-1
-218
-187
-156
LT Debt
741
738
562
571
888
979
908
921
828
615
588
586
Total Equity
386
402
655
743
776
907
926
901
829
816
870
897
Return on Invested Capital (%)
- -
3.33
- -
- -
- -
5.56
8.01
2.15
0.55
- -
2.7
4.04
Return on Capital (%)
- -
3
- -
- -
- -
4.44
7.81
2.23
-3.31
- -
2.61
3.86
Return on Common Equity (%)
- -
3.39
8.17
3.38
4.32
4.31
14
4.61
-7.62
-3.46
3.51
5.75

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
107
108
111
LT Borrowings
223
225
221
LT Finance Leases
364
359
365
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
79
80
79
Market Capitalization
2,051
2,075
1,503

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
226
261
227
Cash, Cash Equivalents & STI
39
68
36
Accounts Receivable, Net
43
44
35
Inventories
89
108
123
Total Current Liabilities
412
418
383
Payables & Accruals
135
194
168
ST Debt
107
108
111
Deferred Revenue
117
117
105

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.81%
-0.71%
6.52%
Free Cash Flow
364.55%
179.16%
92.57%
Net Income, GAAP
16.56%
-66.14%
-203.86%
Sales/Revenue/Turnover
7.09%
4.03%
9%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
483
452
452
437
1,823
2025
510
486
487
503
1,987
2026
544
499
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
-0.04
-0.11
-0.36
-0.36
2025
0.18
0.11
0.04
0.04
0.37
2026
0.39
0.16
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Alexander N. Wilkes
Full Time Employees
13,138
Sector
Consumer Cyclical
Industry
Specialty Retail
Address
Building 2200 Duluth GA United States of America 30096
IPO Date
Oct 27, 2017
Business
National Vision Holdings, Inc. (EYE) operates as one of the largest optical retail companies in the United States, providing affordable eyeglasses, contact lenses, sunglasses, optical accessories, and comprehensive eye care services including eye exams through its owned and host retail locations. The company conducts its primary operations through four key retail brands: America's Best Contacts & Eyeglasses, which offers bundled eyewear and eye exam packages at low prices across over 1,000 stores; Eyeglass World, providing eyeglasses, contact lenses, sunglasses, and protective eyewear at more than 100 locations; Vista Optical, delivering optical products and services in select Fred Meyer stores and on military bases; and Discount Contacts, supporting online contact lens sales. It serves value-seeking consumers in the owned & host segment, alongside legacy operations managing inventory and lab services for affiliated vision centers. Founded in 1990 and headquartered in Duluth, Georgia, National Vision maintains over 1,200 stores across 38 states and Puerto Rico, with centralized labs in locations such as St. Cloud, Minnesota; Plano, Texas; and Salt Lake City, Utah to support frame processing, lens fabrication, and distribution. The company targets budget-conscious customers requiring vision correction, offering products from major brands alongside proprietary options like single-vision, bifocal, progressive lenses, daily disposables, and specialty contacts for astigmatism or presbyopia. In recent developments, National Vision concluded its 34-year partnership with Walmart in 2024, enabling a strategic focus on its core growth brands America's Best and Eyeglass World while streamlining operations. The company launched Nuance Audio glasses and Ray-Ban Meta smart glasses in select stores during 2025, expanding into AI-enhanced eyewear and audio-integrated products available initially in approximately 50 America's Best and Eyeglass World locations. It unveiled a bold new brand identity in August 2025, beginning with visual updates to America's Best as part of a broader strategic transformation, alongside appointing a new chief financial officer in early 2025 and continuing investments in AI diagnostic tools through Toku, Inc.

Company News

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  • National Vision Holdings, Inc. (EYE) Q2 2026 Earnings Call Transcript

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