EYENational Vision Holdings, Inc.
Ophthalmic Goods
- Revenue
- $2.0B
- 9.0% YoY
- Operating margin
- 3.0%
- 621% YoY
- EBITDA
- $150M
- 85% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.2×
- $185M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear494% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear2% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear35% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2026 | YoY |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.8B | $1.8B | $2.0B | 9.0% |
| Operating income | $53M | $24M | −$10M | $59M | 668% |
| Net income | $128M | −$66M | −$28M | $30M | 204% |
| Operating cash flow | $119M | $173M | $134M | $146M | 9.5% |
| Capex | $114M | $115M | $96M | $73M | 24% |
| Stock-based comp | $14M | $20M | $17M | $24M | 42% |
| Buybacks | $84M | $28M | $3M | $3M | 3.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 57 | 159 |
| FY2024 | — | — | 32 | 147 |
| FY2023 | — | — | 63 | 217 |
| FY2022 | — | — | 145 | 132 |