National Vision Holdings, Inc. (EYE) Financial Statements
Industry: Ophthalmic Goods
In fiscal 2025, National Vision reported revenue of $1.99B, up 9.0% from $1.82B the year before. Net income was $29.6M (a 1.5% net margin), or $0.37 per diluted share. Operating margin was 3.0%. Operating activities generated $146.3M of cash, leaving $73.5M of free cash flow. At fiscal year end, National Vision held $1.98B in total assets against $1.11B in total liabilities, including $38.7M of cash and equivalents.
Open the full interactive National Vision financials → Quarterly statements, key ratios, valuation history and price charts.
National Vision Key Stats
| Share Price | $17.04 |
|---|---|
| Market Cap | $1.37B |
| P/E Ratio | 46.1 |
| Revenue YoY Growth | +9.0% |
| 52-Week Range | $15.44 – $29.46 |
| Shares Outstanding | 79.5 million (basic, 2026 Q2) |
National Vision Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.71B | $2.08B | $2.01B | $2.13B | $1.82B | $1.99B |
| Operating Income | $87.0M | $174.9M | $61.3M | -$46.8M | -$10.4M | $58.8M |
| Pre-Tax Income | $38.7M | $149.3M | $60.8M | -$61.8M | -$25.7M | $41.7M |
| Income Tax | $2.4M | $21.1M | $18.7M | $4.1M | $1.5M | $12.1M |
| Net Income | $36.3M | $128.2M | $42.1M | -$65.9M | -$28.5M | $29.6M |
| Diluted EPS | $0.44 | $1.43 | $0.52 | -$0.84 | -$0.36 | $0.37 |
National Vision Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $487.3M | $503.4M | $543.9M | $498.8M |
| Net Income | $3.4M | $3.3M | $31.2M | $12.4M |
| Diluted EPS | $0.04 | $0.04 | $0.38 | $0.15 |
National Vision Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $373.9M | $305.8M | $229.4M | $149.9M | $73.9M | $38.7M |
| Current Assets | $566.6M | $514.6M | $473.8M | $396.7M | $249.8M | $225.7M |
| Total Assets | $2.33B | $2.29B | $2.29B | $2.17B | $2.01B | $1.98B |
| Current Liabilities | $328.7M | $343.8M | $344.3M | $397.7M | $468.3M | $412.4M |
| Total Long-Term Debt | $628.2M | $547.6M | $550.4M | $448.2M | $340.5M | $239.8M |
| Total Liabilities | $1.43B | $1.37B | $1.39B | $1.34B | $1.19B | $1.11B |
| Shareholders' Equity | $906.5M | $926.0M | $901.1M | $829.4M | $816.3M | $869.5M |
National Vision Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $235.0M | $258.9M | $119.2M | $173.0M | $133.6M | $146.3M |
| Cash From Investing | -$76.4M | -$92.9M | -$110.9M | -$115.8M | -$96.1M | -$76.6M |
| Cash From Financing | $176.3M | -$234.3M | -$84.6M | -$136.8M | -$113.3M | -$104.6M |
| Free Cash Flow | $158.2M | $163.4M | $5.7M | $58.3M | $38.1M | $73.5M |
Figures from National Vision's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full National Vision financials page for every line item.
National Vision Company Profile
| Ticker | EYE |
|---|---|
| Exchange | Nasdaq |
| Industry | Ophthalmic Goods |
| Headquarters | Alpharetta, Georgia |
| Incorporated in | Delaware |
| Fiscal Year End | January 2 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001710155 |
Frequently Asked Questions
What was National Vision's revenue in fiscal 2025?
National Vision (EYE) reported revenue of $1.99B for fiscal 2025.
What is National Vision's annual revenue history?
National Vision's annual revenue by fiscal year: 2020: $1.71B; 2021: $2.08B; 2022: $2.01B; 2023: $2.13B; 2024: $1.82B; 2025: $1.99B.
What was National Vision's net income in fiscal 2025?
National Vision reported net income of $29.6M for fiscal 2025.
What was National Vision's earnings per share (EPS) in fiscal 2025?
National Vision's diluted EPS was $0.37 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did National Vision generate in fiscal 2025?
National Vision generated $73.5M of free cash flow in fiscal 2025.
What was National Vision's revenue last quarter?
In its most recent reported quarter (2026 Q2), National Vision reported revenue of $498.8M.
How much debt does National Vision have?
National Vision reported $239.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of National Vision are outstanding?
National Vision reported a weighted average of 79.5 million basic shares outstanding in 2026 Q2.
What is National Vision's market cap?
Based on its latest closing price, National Vision (EYE) has a market capitalization of about $1.37B.
When does National Vision's fiscal year end?
National Vision's fiscal year end, as registered with the SEC, is January 2.
Where is National Vision headquartered?
National Vision lists its business address in Alpharetta, Georgia in its SEC filings.