National Vision Holdings, Inc.

EYENASDAQConsumer Cyclical● Active

$16.12

+$0.68(+4.42%)

Market Cap$1.3B

P/E Ratio—

52W High$30.02

52W Low$14.75

Avg Volume1.9M

Open$15.47

Beta1.07

Overview

National Vision Holdings, Inc. (EYE) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

EYE · free cash flow · updated Jun 8, 2026

Core FCF metrics

EYE · FCF · TTM · margin & CAGR

Free cash flow was $73.5M for FY2026 (fiscal year ending 2026-01-03), up 92.6% year-over-year The FCF margin was 3.7%. Five-year CAGR stands at -14.2%.

FY2026 Free Cash Flow$73.5M▲ +92.6% YoY

Trailing 12M (TTM)$105.6Mtrailing 4 quarters sum

FCF Margin3.7%$73.5M ÷ revenue

3-Year CAGR+135.1%FY2023 → FY2026

5-Year CAGR-14.2%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

EYE · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$146.3M(73M)$73.5M▲ +92.6%3.7%

FY2024$133.6M(96M)$38.1M▼ 34.5%2.1%

FY2023$173.0M(115M)$58.3M▲ +931.0%2.7%

FY2022$119.2M(114M)$5.7M▼ 96.5%0.3%

FY2022$258.9M(96M)$163.4M▲ +3.3%7.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

EYE · P/FCF · FCF yield · FCF per share

National Vision Holdings, Inc. (EYE) trades at a FCF yield of 8.38% and a price-to-free-cash-flow ratio of 12.1x. FCF per share stands at $1.33, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.38%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.33

TTM FCF ÷ Shares Outstanding

Price / FCF

x12.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x17.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-03

Cash flow statement summary

EYE · cash flow statement · operating / investing / financing

For FY2026, National Vision Holdings, Inc. generated $146.3M in operating cash flow and spent 73M in capital expenditures, yielding $73.5M in free cash flow.

Operating Activities

+$146.3M

Cash from core business operations

2026-01-03

Investing Activities

−$76.6M

CapEx, acquisitions & investments

2026-01-03

Financing Activities

−$104.6M

Buybacks, dividends & debt

2026-01-03

FCF FormulaOperating CF ($146.3M) − |CapEx| (73M) = FCF ($73.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

EYE vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

National Vision Holdings, Inc.YOU

EYE

$73.5M+92.6%3.7%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

National Vision Holdings, Inc. (EYE) reported free cash flow of $73.5M for FY2026 (fiscal year ending 2026-01-03), up 92.6% year-over-year. The FCF margin was 3.7%.

Based on available data, National Vision Holdings, Inc. has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $163.4M in FY2022. The 5-year CAGR stands at -14.2%.

National Vision Holdings, Inc.'s FCF yield is 8.38% and price-to-FCF ratio is 12.1x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

EYE free cash flow · 8 questions

National Vision Holdings, Inc. free cash flow was $73.5M for FY2026, up 92.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $105.6M.

EYE free cash flowEYE FCFEYE FCF 2026EYE free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · National Vision Holdings, Inc. · National Vision Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026