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National Vision Holdings Inc is an optical retailer in the U.S. Its product portfolio includes eyeglasses and sunglasses, contact lenses, accessories, and other products. The company has two operating segments; Owned and Host segment includes company-owned brands America’s Best and Eyeglass World, In America’s Best stores, vision care services are provided by optometrists or by independent professional corporations and Host operating consist of Military and Fred Meyer which provide eye exams by independent optometrists, and the Legacy segment manages the operations of, and supplies inventory and lab processing services to Legacy retail Vision Centers. It earns a majority of its revenue from the Owned and Host segment.
2014
13.4K+
LTM Revenue $1.9B
LTM EBITDA $162M
$1.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
National Vision has a last 12-month revenue of $1.9B and a last 12-month EBITDA of $162M.
In the most recent fiscal year, National Vision achieved revenue of $1.8B and an EBITDA of $89.6M.
National Vision expects next 12-month revenue of XXX and NTM EBITDA of XXX
See National Vision valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.8B | XXX | XXX | XXX |
| Gross Profit | $1.1B | $1.1B | XXX | XXX | XXX |
| Gross Margin | 51% | 62% | XXX | XXX | XXX |
| EBITDA | $54.0M | $89.6M | XXX | XXX | XXX |
| EBITDA Margin | 3% | 5% | XXX | XXX | XXX |
| Net Profit | $42.1M | -$65.9M | XXX | XXX | XXX |
| Net Margin | 2% | -4% | XXX | XXX | XXX |
| Net Debt | $317M | $311M | XXX | XXX | XXX |
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As of April 15, 2025, National Vision's stock price is $12.
National Vision has current market cap of $933M, and EV of $1.7B.
See National Vision trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.7B | $933M | XXX | XXX | XXX | XXX | $0.54 |
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Sign UpAs of April 15, 2025, National Vision has market cap of $933M and EV of $1.7B.
National Vision's trades at 0.9x LTM EV/Revenue multiple, and 10.3x LTM EBITDA.
Analysts estimate National Vision's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for National Vision and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.7B | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 18.7x | XXX | XXX | XXX |
| P/E | -32.7x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 43.9x | XXX | XXX | XXX |
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Sign UpNational Vision's NTM/LTM revenue growth is 5%
National Vision's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, National Vision's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate National Vision's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for National Vision and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -14% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 66% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 10% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 56% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC | XXX | XXX | XXX | XXX | XXX | XXX |
| Lulu Retail | XXX | XXX | XXX | XXX | XXX | XXX |
| Envela | XXX | XXX | XXX | XXX | XXX | XXX |
| Adairs | XXX | XXX | XXX | XXX | XXX | XXX |
| Eagers Automotive | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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National Vision acquired XXX companies to date.
Last acquisition by National Vision was XXXXXXXX, XXXXX XXXXX XXXXXX . National Vision acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was National Vision founded? | National Vision was founded in 2014. |
| Where is National Vision headquartered? | National Vision is headquartered in United States of America. |
| How many employees does National Vision have? | As of today, National Vision has 13.4K+ employees. |
| Who is the CEO of National Vision? | National Vision's CEO is Mr. L. Reade Fahs. |
| Is National Vision publicy listed? | Yes, National Vision is a public company listed on NAS. |
| What is the stock symbol of National Vision? | National Vision trades under EYE ticker. |
| When did National Vision go public? | National Vision went public in 2017. |
| Who are competitors of National Vision? | Similar companies to National Vision include e.g. ADNOC, Lulu Retail, Envela, Adairs. |
| What is the current market cap of National Vision? | National Vision's current market cap is $933M |
| What is the current revenue of National Vision? | National Vision's last 12-month revenue is $1.9B. |
| What is the current EBITDA of National Vision? | National Vision's last 12-month EBITDA is $162M. |
| What is the current EV/Revenue multiple of National Vision? | Current revenue multiple of National Vision is 0.9x. |
| What is the current EV/EBITDA multiple of National Vision? | Current EBITDA multiple of National Vision is 10.3x. |
| What is the current revenue growth of National Vision? | National Vision revenue growth between 2023 and 2024 was -14%. |
| Is National Vision profitable? | Yes, National Vision is EBITDA-positive (as of the last 12 months). |
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