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EYE vs NVST
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Equipment & Services
EYE vs NVST — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Specialty Retail | Medical - Equipment & Services |
| Market Cap | $1.81B | $4.04B |
| Revenue (TTM) | $1.99B | $2.81B |
| Net Income (TTM) | $30M | $68M |
| Gross Margin | 56.5% | 55.1% |
| Operating Margin | 3.0% | 9.0% |
| Forward P/E | 32.8x | 17.0x |
| Total Debt | $695M | $1.71B |
| Cash & Equiv. | $39M | $1.21B |
EYE vs NVST — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| National Vision Hol… (EYE) | 100 | 85.7 | -14.3% |
| Envista Holdings Co… (NVST) | 100 | 114.7 | +14.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: EYE vs NVST
Each card shows where this stock fits in a portfolio — not just who wins on paper.
EYE carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 1.62
- Rev growth 9.0%, EPS growth 202.8%, 3Y rev CAGR 6.5%
- Lower volatility, beta 1.62, Low D/E 79.9%, current ratio 0.55x
NVST is the clearest fit if your priority is long-term compounding.
- -13.1% 10Y total return vs EYE's -18.0%
- Lower P/E (17.0x vs 32.8x)
- 2.4% margin vs EYE's 1.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 9.0% revenue growth vs NVST's 8.3% | |
| Value | Lower P/E (17.0x vs 32.8x) | |
| Quality / Margins | 2.4% margin vs EYE's 1.5% | |
| Stability / Safety | Beta 1.62 vs NVST's 1.65 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +46.3% vs NVST's +44.2% | |
| Efficiency (ROA) | 1.5% ROA vs NVST's 1.2%, ROIC 3.0% vs 4.8% |
EYE vs NVST — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
EYE vs NVST — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NVST leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NVST and EYE operate at a comparable scale, with $2.8B and $2.0B in trailing revenue. Profitability is closely matched — net margins range from 2.4% (NVST) to 1.5% (EYE).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.0B | $2.8B |
| EBITDAEarnings before interest/tax | $153M | $342M |
| Net IncomeAfter-tax profit | $30M | $68M |
| Free Cash FlowCash after capex | $73M | $220M |
| Gross MarginGross profit ÷ Revenue | +56.5% | +55.1% |
| Operating MarginEBIT ÷ Revenue | +3.0% | +9.0% |
| Net MarginNet income ÷ Revenue | +1.5% | +2.4% |
| FCF MarginFCF ÷ Revenue | +3.7% | +7.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.1% | +14.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +111.3% | +130.0% |
Valuation Metrics
NVST leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 61.7x trailing earnings, EYE trades at a 29% valuation discount to NVST's 86.7x P/E. On an enterprise value basis, NVST's 13.3x EV/EBITDA is more attractive than EYE's 16.2x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.8B | $4.0B |
| Enterprise ValueMkt cap + debt − cash | $2.5B | $4.5B |
| Trailing P/EPrice ÷ TTM EPS | 61.70x | 86.73x |
| Forward P/EPrice ÷ next-FY EPS est. | 32.78x | 16.97x |
| PEG RatioP/E ÷ EPS growth rate | — | 58.08x |
| EV / EBITDAEnterprise value multiple | 16.20x | 13.28x |
| Price / SalesMarket cap ÷ Revenue | 0.91x | 1.49x |
| Price / BookPrice ÷ Book value/share | 2.12x | 1.32x |
| Price / FCFMarket cap ÷ FCF | 24.68x | 17.54x |
Profitability & Efficiency
NVST leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
EYE delivers a 3.5% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $2 for NVST. NVST carries lower financial leverage with a 0.55x debt-to-equity ratio, signaling a more conservative balance sheet compared to EYE's 0.80x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +3.5% | +2.2% |
| ROA (TTM)Return on assets | +1.5% | +1.2% |
| ROICReturn on invested capital | +3.0% | +4.8% |
| ROCEReturn on capital employed | +3.8% | +4.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 |
| Debt / EquityFinancial leverage | 0.80x | 0.55x |
| Net DebtTotal debt minus cash | $656M | $496M |
| Cash & Equiv.Liquid assets | $39M | $1.2B |
| Total DebtShort + long-term debt | $695M | $1.7B |
| Interest CoverageEBIT ÷ Interest expense | 3.54x | 12.76x |
Total Returns (Dividends Reinvested)
Evenly matched — EYE and NVST each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NVST five years ago would be worth $5,340 today (with dividends reinvested), compared to $4,462 for EYE. Over the past 12 months, EYE leads with a +46.3% total return vs NVST's +44.2%. The 3-year compound annual growth rate (CAGR) favors EYE at 0.7% vs NVST's -11.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -12.0% | +12.0% |
| 1-Year ReturnPast 12 months | +46.3% | +44.2% |
| 3-Year ReturnCumulative with dividends | +2.2% | -30.3% |
| 5-Year ReturnCumulative with dividends | -55.4% | -46.6% |
| 10-Year ReturnCumulative with dividends | -18.0% | -13.1% |
| CAGR (3Y)Annualised 3-year return | +0.7% | -11.3% |
Risk & Volatility
Evenly matched — EYE and NVST each lead in 1 of 2 comparable metrics.
Risk & Volatility
EYE is the less volatile stock with a 1.62 beta — it tends to amplify market swings less than NVST's 1.65 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NVST currently trades 79.8% from its 52-week high vs EYE's 76.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.59x | 1.63x |
| 52-Week HighHighest price in past year | $30.02 | $30.42 |
| 52-Week LowLowest price in past year | $14.38 | $16.33 |
| % of 52W HighCurrent price vs 52-week peak | +76.0% | +79.8% |
| RSI (14)Momentum oscillator 0–100 | 40.8 | 55.1 |
| Avg Volume (50D)Average daily shares traded | 1.4M | 2.4M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates EYE as "Buy" and NVST as "Hold". Consensus price targets imply 54.2% upside for EYE (target: $35) vs 13.0% for NVST (target: $27).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $35.20 | $27.44 |
| # AnalystsCovering analysts | 14 | 19 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 2 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | +4.1% |
NVST leads in 3 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 2 categories are tied.
EYE vs NVST: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is EYE or NVST a better buy right now?
For growth investors, National Vision Holdings, Inc.
(EYE) is the stronger pick with 9. 0% revenue growth year-over-year, versus 8. 3% for Envista Holdings Corp (NVST). National Vision Holdings, Inc. (EYE) offers the better valuation at 61. 7x trailing P/E (32. 8x forward), making it the more compelling value choice. Analysts rate National Vision Holdings, Inc. (EYE) a "Buy" — based on 14 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — EYE or NVST?
On trailing P/E, National Vision Holdings, Inc.
(EYE) is the cheapest at 61. 7x versus Envista Holdings Corp at 86. 7x. On forward P/E, Envista Holdings Corp is actually cheaper at 17. 0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — EYE or NVST?
Over the past 5 years, Envista Holdings Corp (NVST) delivered a total return of -46.
6%, compared to -55. 4% for National Vision Holdings, Inc. (EYE). Over 10 years, the gap is even starker: NVST returned -13. 3% versus EYE's -17. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — EYE or NVST?
By beta (market sensitivity over 5 years), National Vision Holdings, Inc.
(EYE) is the lower-risk stock at 1. 59β versus Envista Holdings Corp's 1. 63β — meaning NVST is approximately 3% more volatile than EYE relative to the S&P 500. On balance sheet safety, Envista Holdings Corp (NVST) carries a lower debt/equity ratio of 55% versus 80% for National Vision Holdings, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — EYE or NVST?
By revenue growth (latest reported year), National Vision Holdings, Inc.
(EYE) is pulling ahead at 9. 0% versus 8. 3% for Envista Holdings Corp (NVST). On earnings-per-share growth, the picture is similar: National Vision Holdings, Inc. grew EPS 202. 8% year-over-year, compared to 104. 3% for Envista Holdings Corp. Over a 3-year CAGR, EYE leads at 6. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — EYE or NVST?
Envista Holdings Corp (NVST) is the more profitable company, earning 1.
7% net margin versus 1. 5% for National Vision Holdings, Inc. — meaning it keeps 1. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NVST leads at 8. 3% versus 3. 1% for EYE. At the gross margin level — before operating expenses — NVST leads at 55. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is EYE or NVST more undervalued right now?
On forward earnings alone, Envista Holdings Corp (NVST) trades at 17.
0x forward P/E versus 32. 8x for National Vision Holdings, Inc. — 15. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EYE: 54. 2% to $35. 20.
08Which pays a better dividend — EYE or NVST?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is EYE or NVST better for a retirement portfolio?
For long-horizon retirement investors, National Vision Holdings, Inc.
(EYE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Envista Holdings Corp (NVST) carries a higher beta of 1. 63 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (EYE: -17. 5%, NVST: -13. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between EYE and NVST?
These companies operate in different sectors (EYE (Consumer Cyclical) and NVST (Healthcare)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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