📊 EYE Key Takeaways
Is EYE a Good Investment? Thesis Analysis
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.
Why Buy 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
EYE Investment Risks to Consider
- 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
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
EYE Financial Metrics
💡 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 Profitability Ratios
EYE vs Default Sector
How National Vision Holdings, Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is EYE Overvalued or Undervalued?
Based on fundamental analysis, National Vision Holdings, Inc. has mixed fundamental signals relative to the Default 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.
EYE Balance Sheet & Liquidity
EYE 5-Year Financial Trend & Growth Analysis
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 Growth Metrics (YoY)
EYE Quarterly 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.
EYE Capital Allocation
EYE SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for National Vision Holdings, Inc. (CIK: 0001710155)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| 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 → |
| Mar 9, 2026 | 4 | xslF345X05/wk-form4_1773087729.xml | View → |
❓ Frequently Asked Questions about EYE
What is the AI rating for EYE?
National Vision Holdings, Inc. (EYE) has an AI rating of HOLD with 62% 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.
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.
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 March 2026, National Vision Holdings, Inc. has a HOLD rating with 62% 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 Default stocks?
Vs Default sector averages: Net margin 1.5% (avg: 12%), ROE 3.4% (avg: 15%), current ratio 0.55 (avg: 1.8).