Last 39 quarters of trend data · Consumer Cyclical · Specialty Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
National Vision Holdings, Inc.'s quarterly P/E stands at 15.6x, down 12.5% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 5.2% YoY to 9.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 45.84 | 15.59 | 159.79 | 171.93 | 52.66 | 17.81 | — | — | — | 36.93 | — | — | 84.69 |
| — | -12.5% | — | — | — | -51.8% | — | — | — | +72.5% | — | — | +44.7% | |
| P/S Ratio | 0.68 | 0.89 | 1.05 | 1.19 | 0.95 | 0.50 | 0.48 | 0.48 | 0.57 | 0.90 | 0.81 | 0.72 | 1.10 |
| — | +78.3% | +121.4% | +147.7% | +67.5% | -45.0% | -41.2% | -33.4% | -48.3% | +8.6% | -50.4% | -44.4% | -0.6% | |
| P/B Ratio | 1.57 | 2.15 | 2.44 | 2.70 | 2.18 | 1.22 | 1.02 | 1.03 | 1.22 | 2.08 | 1.98 | 1.50 | 2.09 |
| — | +76.9% | +139.3% | +161.5% | +78.8% | -41.5% | -48.4% | -31.4% | -41.8% | +7.3% | -41.8% | -47.3% | -17.3% | |
| P/FCF | 18.50 | 10.94 | — | 19.14 | 10.93 | 21.14 | — | 53.45 | 8.07 | 109.92 | — | 23.93 | 40.48 |
| — | -48.3% | — | -64.2% | +35.5% | -80.8% | — | +123.3% | -80.1% | +1073.8% | — | -89.3% | -4.7% | |
| EV / EBITDA | 13.22 | 9.30 | 22.24 | 23.24 | 16.37 | 8.85 | 110.04 | 29.15 | 19.06 | 12.93 | 43.04 | 18.06 | 22.29 |
| — | +5.2% | -79.8% | -20.3% | -14.2% | -31.6% | +155.7% | +61.4% | -14.5% | +12.8% | -33.0% | -12.8% | +29.8% | |
| EV / EBIT | 32.89 | 14.13 | 89.43 | 76.89 | 39.35 | 16.59 | — | — | 751.01 | 26.90 | — | 142.30 | 119.87 |
| — | -14.8% | — | — | -94.8% | -38.3% | — | — | +526.5% | +25.2% | — | +183.9% | +250.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
National Vision Holdings, Inc.'s operating margin was 8.3% in Q1 2026, up 6.8 pp QoQ and up 3.2 pp YoY. The trailing four-quarter average of 3.8% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.2% | 55.4% | 53.5% | 53.8% | 54.2% | 55.3% | 57.7% | 57.9% | 57.1% | 59.5% | 51.2% | 58.1% | 58.2% |
| — | +0.2% | -7.3% | -7.2% | -5.2% | -7.1% | +12.6% | -0.3% | -1.9% | +8.6% | -2.6% | +8.9% | +7.9% | |
| Operating Margin | 3.1% | 8.3% | 1.5% | 2.0% | 3.3% | 5.1% | -5.8% | -2.0% | 0.1% | 4.9% | -2.6% | 0.8% | 1.3% |
| — | +61.7% | +126.4% | +200.9% | +2422.5% | +5.9% | -123.2% | -341.7% | -89.8% | -13.1% | -25.5% | -73.7% | -64.3% | |
| Net Margin | 1.5% | 5.7% | 0.7% | 0.7% | 1.8% | 2.8% | -6.5% | -1.9% | -0.7% | 2.4% | -3.2% | -16.8% | 1.3% |
| — | +106.2% | +110.1% | +136.9% | +359.3% | +14.9% | -107.1% | +88.8% | -153.2% | -21.1% | -59.9% | -829.9% | -31.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.5% | 3.5% | 0.4% | 0.4% | 1.0% | 1.7% | -3.5% | -1.0% | -0.4% | 1.4% | -1.9% | -8.4% | 0.6% |
| — | +105.5% | +111.1% | +139.2% | +378.8% | +22.7% | -80.3% | +88.1% | -159.6% | -21.3% | -86.9% | -759.9% | -41.1% | |
| ROA | 1.4% | 1.5% | 0.2% | 0.2% | 0.4% | 0.7% | -1.4% | -0.4% | -0.1% | 0.5% | -0.7% | -3.2% | 0.2% |
| — | +113.0% | +111.4% | +142.2% | +401.9% | +30.8% | -97.1% | +87.3% | -160.1% | -22.2% | -78.2% | -737.3% | -42.8% | |
| ROIC | 3.0% | 2.2% | 0.4% | 0.5% | 0.8% | 1.3% | -1.2% | -0.4% | 0.0% | 1.1% | -0.6% | 0.2% | 0.3% |
| — | +76.4% | +131.6% | +214.8% | +2729.3% | +15.5% | -95.7% | -355.4% | -89.0% | -16.5% | -40.9% | -76.8% | -70.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
National Vision Holdings, Inc.'s Debt/EBITDA ratio is 10.1x, down from 22.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 14.7% YoY to 0.62x, strengthening the short-term liquidity position. Debt/Equity has declined for 6 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.80 | 0.77 | 0.80 | 0.81 | 0.85 | 0.96 | 1.00 | 0.99 | 1.10 | 1.10 | 1.11 | 1.21 | 1.12 |
| — | -20.0% | -20.1% | -18.4% | -23.0% | -12.5% | -10.2% | -18.5% | -2.0% | -2.4% | +0.0% | +10.2% | +0.7% | |
| Debt / EBITDA | 4.56 | 10.08 | 22.24 | 21.82 | 18.64 | 16.36 | 228.13 | 59.95 | 39.79 | 18.98 | 65.91 | 36.49 | 34.05 |
| — | -38.4% | -90.3% | -63.6% | -53.1% | -13.8% | +246.1% | +64.3% | +16.9% | +2.3% | -1.9% | +46.9% | +49.7% | |
| Current Ratio | 0.55 | 0.62 | 0.55 | 0.53 | 0.52 | 0.54 | 0.53 | 0.57 | 0.55 | 1.01 | 1.00 | 1.34 | 1.36 |
| — | +14.7% | +2.6% | -7.7% | -5.3% | -46.3% | -46.5% | -57.3% | -59.6% | -24.9% | -27.5% | -5.5% | +0.2% | |
| Quick Ratio | 0.33 | 0.37 | 0.33 | 0.32 | 0.31 | 0.35 | 0.33 | 0.37 | 0.41 | 0.69 | 0.70 | 1.02 | 1.03 |
| — | +3.3% | -0.7% | -13.5% | -25.7% | -49.1% | -52.2% | -63.9% | -59.9% | -30.8% | -31.7% | -3.7% | +3.6% | |
| Interest Coverage | 3.62 | 15.87 | 1.83 | 2.33 | 3.81 | 5.74 | -5.53 | -1.95 | 0.18 | 5.51 | -22.47 | 0.95 | 3.03 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 39 years · Updated daily
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Quick answers to the most common questions about buying EYE stock.
National Vision Holdings, Inc.'s current P/E is 45.8x. The average P/E over the last 4 quarters is 100.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
National Vision Holdings, Inc.'s current operating margin is 3.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking National Vision Holdings, Inc.'s business trajectory between earnings reports.