Company Analysis

National Vision Holdings, Inc. (EYE)

Nasdaq: EYE · Ophthalmic Goods · Duluth, GA · filing with the SEC since 2017
Grade5.2
◀ Past 5.5● Present 4.4▶ Future 5.9

The grade of National Vision Holdings, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.2/10
◀ Past5.530% of the headline
● Present4.440% of the headline
▶ Future5.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.5/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.9/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 69th percentile among 8 sector filers · read for itself

From the record

National Vision Holdings, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.6/10

What has it actually done, year after year?

+5.8% a year over 10 filed years; profitable in 8 of 10.

weight 45% of this tense · 36th percentile among 8 sector filers · read for its customers

From the record

National Vision Holdings, Inc.'s 10 filed years say what it did: revenue went from $1.2 billion in fiscal 2016 to $2.0 billion in fiscal 2026, up 5.8% a year; it rose in 7 of 9 years; the deepest fall was 21% from fiscal 2022 to fiscal 2022; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span5.8%bottom 19% of its family
  • the share of years revenue rosebottom 25% of its family
  • the share of filed years with a profittop 19% of its family
  • the deepest fall from a revenue peak20.9%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
7.2/10

How has it treated the people who own it?

Share count grew 0.1% a year. 8% of cash flow returned. Insiders: 3 sales, 1 purchases.

weight 22% of this tense · 72nd percentile among 5 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-01-03, National Vision Holdings, Inc.'s diluted share count grew about 0.1% a year, and dividends and buybacks returned about 8% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales (3 under scheduled 10b5-1 plans) and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $776 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 6% of its family
  • cash returned against operating cash flowtop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.4/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
4.0/10

Is it financially healthy right now?

ROE 3%: 3¢ of profit per shareholder dollar. Leverage 56%: owes 56¢ per asset dollar.

weight 45% of this tense · 40th percentile among 8 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-01-03, National Vision Holdings, Inc. earned about 3 cents of profit for every dollar of shareholders' money. Leverage: it owed about 56 cents per dollar of assets, and net share issuance: its share count grew 2.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 6% of its family
  • return on equitytop 31% of its family
  • the share count against the year beforebottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.2/10

How strong is its position in its industry?

top 48% of 8 in its family; net margin 1.5%.

weight 33% of this tense · 52nd percentile among 8 sector filers · read for its customers

From the record

National Vision Holdings, Inc.'s standing among 8 graded names in its industry family: revenue of $2.0 billion in fiscal 2026 ranks in the top 44% by size; a net margin of 1.5% ranks in the top 31%; revenue growth of 6.5% a year over the last 3 filed years ranks in the bottom 31% (its annual reports).

What it rests on

  • revenue against the family$1.99Btop 44% of its family
  • net margin1.5%top 31% of its family
  • three-year revenue growth6.5%bottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.3/10

What are the people in charge doing?

bottom 43% of 6 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 43rd percentile among 6 sector filers · read for its shareholders

From the record

National Vision Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Wilkes, Alexander (Chief Executive Officer, as filed), filing under that title since 2025-08-04, 1.3 years (bottom 42% of its family); the 18 officers and directors filing in the last fifteen months have been on the record a median of 2.6 years (bottom 8%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 18 people in charge now (top 21%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 18 peopletop 21% of its family
  • the median years the people in charge have filed2.6 yearsbottom 8% of its family
  • the chief executive's years on the record1.3 yearsbottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.0/10

How much room does it have to grow?

top 50% of 8 in its family for room to expand.

weight 45% of this tense · 50th percentile among 8 sector filers · read for itself

From the record

National Vision Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $39 million against debt of $229 million leaves -9.6% of its assets as net cash, bottom 44% of its family; cash from operations less capital spending is 3.7% of revenue (top 44%) (its annual report).

What it rests on

  • cash less debt against assets-9.6%bottom 44% of its family
  • cash from operations less capital spending against revenue3.7%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.6/10

What could actually drive growth from here?

top 44% of 8 in its family for growth drivers.

weight 33% of this tense · 56th percentile among 8 sector filers · read for its customers

From the record

National Vision Holdings, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 6.5% a year over the last three filed years against 5.8% over all 10, speeding up (top 31% of its family); the newest year grew 8.9% (top 31%); capital spending grew -13.7% a year (bottom 31%) (its annual reports). National Vision Holdings, Inc. reported 6 product lines in fiscal 2025: Eyeglasses and Sunglasses at $1.3 billion (64%), Contact Lenses at $324 million (16%), Exam at $255 million (13%), and 3 more; 6 of 6 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+0.7 points a yeartop 31% of its family
  • the newest year's revenue growth8.9%top 31% of its family
  • three-year growth of capital spending-13.7%bottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.1/10

Did its newest year beat what its own record pointed to?

top 19% of 8 in its family for expectations against reality.

weight 22% of this tense · 81st percentile among 8 sector filers · read for its shareholders

From the record

National Vision Holdings, Inc.'s newest year against its own record: revenue of $2.0 billion in fiscal 2026 came in 3.5% above the $1.9 billion its prior three years' pace pointed to (top 6% of its family); net income of $30 million against a prior three-year average of $17 million (top 6%); a net margin of 1.5% against -0.9% before (top 44%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace3.5%top 6% of its family
  • net income against the prior three years' average+270%top 6% of its family
  • net margin against its prior average+2.4 pointstop 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton EYE · research, not advice