📊 EYE Key Takeaways
Is National Vision Holdings, Inc. (EYE) a Good Investment?
National Vision demonstrates solid operational execution with 9% revenue growth and exceptional net income improvement (+203.9% YoY), generating healthy free cash flow of $73.5M. However, thin operating margins (3.0%) and weak liquidity metrics (0.55x current ratio) raise concerns about operational efficiency and short-term financial flexibility.
National Vision shows improving fundamentals, with 9.0% revenue growth, sharply higher earnings, and positive free cash flow generation. However, the quality of that improvement is tempered by very thin margins, weak liquidity, and limited interest coverage, which leave little room for operational setbacks. The business appears to be stabilizing rather than demonstrating consistently strong financial strength.
Why Buy National Vision Holdings, Inc. Stock? EYE Key Strengths
- Strong net income growth of 203.9% YoY indicates significant operational improvement and cost management
- Healthy free cash flow of $73.5M (3.7% FCF margin) demonstrates cash generation capability despite low profitability
- Moderate leverage with 0.27x debt/equity ratio and manageable 2.3x interest coverage ratio
- Consistent revenue growth of 9% YoY showing market demand for ophthalmic products/services
- Revenue growth remains solid at 9.0% year over year, indicating continued demand and store-level momentum.
- Net income and diluted EPS rebounded sharply year over year, showing meaningful earnings recovery.
- Operating cash flow and free cash flow are positive, supporting reinvestment capacity without excessive leverage.
EYE Stock Risks: National Vision Holdings, Inc. Investment Risks
- Critically low current ratio of 0.55x and quick ratio of 0.33x indicate severe short-term liquidity constraints and potential working capital stress
- Thin net margin of 1.5% and operating margin of 3.0% provide minimal buffer against operational challenges or economic downturns
- Very low ROE (3.4%) and ROA (1.5%) suggest inefficient asset utilization and capital deployment relative to shareholder equity
- High insider activity (21 Form 4 filings in 90 days) warrants monitoring for potential concerns about insider confidence or stock-based compensation dilution
- Profitability remains structurally thin, with only 3.0% operating margin and 1.5% net margin.
- Liquidity is weak, with a 0.55x current ratio and 0.33x quick ratio, increasing near-term balance sheet pressure.
- Interest coverage of 2.3x suggests limited cushion if borrowing costs rise or earnings soften.
Key Metrics to Watch
- Operating margin trend - critical to monitor if company can improve efficiency above 3%
- Cash position and working capital management - address liquidity constraints through better receivables/inventory management
- Free cash flow sustainability - ensure conversion of revenue growth into consistent cash generation
- Debt reduction trajectory - leverage debt paydown to strengthen balance sheet and liquidity position
- Operating margin and net margin for evidence that earnings improvement is sustainable
- Current ratio, quick ratio, and interest coverage to monitor liquidity and financial flexibility
National Vision Holdings, Inc. (EYE) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 3.7% FCF margin may limit capital allocation flexibility. The current ratio below 1.0x warrants monitoring of short-term liquidity.
EYE Profit Margin, ROE & Profitability Analysis
EYE vs Market Sector: How National Vision Holdings, Inc. Compares
How National Vision Holdings, Inc. compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is National Vision Holdings, Inc. Stock Overvalued? EYE Valuation Analysis 2026
Based on fundamental analysis, National Vision Holdings, Inc. has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
National Vision Holdings, Inc. Balance Sheet: EYE Debt, Cash & Liquidity
EYE Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: National Vision Holdings, Inc.'s revenue has remained relatively flat over the 5-year period, with a 4% decline. The most recent EPS of $-0.84 indicates the company is currently unprofitable.
EYE Revenue Growth, EPS Growth & YoY Performance
EYE Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $451.5M | $92.0K | $0.00 |
| Q2 2025 | $451.7M | -$3.1M | $-0.04 |
| Q1 2025 | $482.8M | $11.7M | $0.15 |
| Q3 2024 | $438.8M | $92.0K | $0.00 |
| Q2 2024 | $431.8M | -$3.1M | $-0.04 |
| Q1 2024 | $520.8M | $11.7M | $0.15 |
| Q3 2023 | $499.2M | $5.6M | $0.15 |
| Q2 2023 | $509.6M | $5.6M | $0.07 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
National Vision Holdings, Inc. Dividends, Buybacks & Capital Allocation
EYE SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for National Vision Holdings, Inc. (CIK: 0001710155)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Apr 1, 2026 | 4 | xslF345X06/wk-form4_1775075447.xml | View → |
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773346540.xml | View → |
| Mar 9, 2026 | 4 | xslF345X05/wk-form4_1773087795.xml | View → |
| Mar 9, 2026 | 4 | xslF345X05/wk-form4_1773087774.xml | View → |
| Mar 9, 2026 | 4 | xslF345X05/wk-form4_1773087751.xml | View → |
❓ Frequently Asked Questions about EYE
What is the AI rating for EYE?
National Vision Holdings, Inc. (EYE) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 68% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are EYE's key strengths?
Claude: Strong net income growth of 203.9% YoY indicates significant operational improvement and cost management. Healthy free cash flow of $73.5M (3.7% FCF margin) demonstrates cash generation capability despite low profitability. ChatGPT: Revenue growth remains solid at 9.0% year over year, indicating continued demand and store-level momentum.. Net income and diluted EPS rebounded sharply year over year, showing meaningful earnings recovery..
What are the risks of investing in EYE?
Claude: Critically low current ratio of 0.55x and quick ratio of 0.33x indicate severe short-term liquidity constraints and potential working capital stress. Thin net margin of 1.5% and operating margin of 3.0% provide minimal buffer against operational challenges or economic downturns. ChatGPT: Profitability remains structurally thin, with only 3.0% operating margin and 1.5% net margin.. Liquidity is weak, with a 0.55x current ratio and 0.33x quick ratio, increasing near-term balance sheet pressure..
What is EYE's revenue and growth?
National Vision Holdings, Inc. reported revenue of $2.0B.
Does EYE pay dividends?
National Vision Holdings, Inc. does not currently pay dividends.
Where can I find EYE SEC filings?
Official SEC filings for National Vision Holdings, Inc. (CIK: 0001710155) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is EYE's EPS?
National Vision Holdings, Inc. has a diluted EPS of $0.37.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is EYE a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, National Vision Holdings, Inc. has a HOLD rating with 68% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is EYE stock overvalued or undervalued?
Valuation metrics for EYE: ROE of 3.4% (sector avg: 15%), net margin of 1.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy EYE stock in 2026?
Our dual AI analysis gives National Vision Holdings, Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is EYE's free cash flow?
National Vision Holdings, Inc.'s operating cash flow is $146.3M, with capital expenditures of $72.8M. FCF margin is 3.7%.
How does EYE compare to other Market stocks?
Vs Default sector averages: Net margin 1.5% (avg: 12%), ROE 3.4% (avg: 15%), current ratio 0.55 (avg: 1.8).