National Vision Holdings, Inc. (EYE) AI Stock Analysis

National Vision Holdings, Inc. is an optical retailer in the United States operating through two primary segments: Owned & Host and Legacy. The company sells eyeglasses, contact lenses, and optical accessories through retail banners such as America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vision Center. In addition to retail merchandise, the company provides professional eye exams to deliver prescriptions and personalized optical solutions. National Vision also extends its services to health maintenance organization and optometric offerings, while supporting customer access online through digital e-commerce channels.

National Vision delivered a 5-year revenue CAGR of 3.0% from FY2020 through FY2025. After posting losses of -$65.9M in FY2023 and -$28.5M in FY2024, the business returned to positive net income of $29.6M in FY2025 on revenue of $1.99B, which grew 9.0%. Gross margin stood at 54.2% in FY2025, while operating margin recovered to 3.1%. Over the trailing twelve months ended June 30, 2026, revenue reached $2.03B with an operating margin of 4.9% and a net profit margin of 2.5%. In the latest quarter ended June 30, 2026, quarterly revenue increased 2.5% year-over-year, while quarterly earnings expanded 36.4%.

As of June 30, 2026, National Vision held $36.0M in cash and short-term investments against $697.0M in total debt, resulting in net debt of $661.0M. The company's current ratio was 0.59, and its debt-to-equity ratio stood at 0.78 on shareholders' equity of $897.0M. For FY2025, operating cash flow was $146.3M and free cash flow was $73.5M. Capital expenditures totaled $72.8M, while share buybacks were $3.2M.

National Vision trades at a trailing P/E of 28.1x, higher than the 18.0x median of its US-listed Consumer Cyclical peers. Its forward P/E is 15.6x compared to the peer median of 14.1x, while its EV/EBITDA of 10.6x is below the peer median of 11.1x. The stock's price-to-sales ratio matches the peer group at 0.7x. Over the past year, the shares have declined 35.6%, lagging the S&P 500 (SPY) gain of 16.8%, and the stock sits 20.1% below its 200-day moving average.

Wall Street sentiment reflects 8 Strong Buy, 1 Buy, and 3 Hold ratings, with no Sell or Strong Sell recommendations. The mean price target is $28.18, representing a 61.7% premium over the last close of $17.43. For the current fiscal year ending December 31, 2026, consensus estimates project EPS of $1.01 on revenue of $2.06B. For the following fiscal year, analysts estimate EPS of $0.96 and revenue of $2.16B. National Vision has beaten EPS estimates in each of the past 4 quarters, with next earnings scheduled for November 4, 2026.

This page is an AI-written research summary of National Vision Holdings, Inc. (EYE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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