Filing Flows › National Vision Holdings (EYE) › Q1 2025
National Vision Holdings (EYE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
National Vision Holdings (EYE) reported revenue of $510M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +17% from the quarter before. Operating margin was 5.1%, net earnings $14.2M (2.8% of revenue).
National Vision Holdings, Q1 2025: revenue $510M (+6% year over year), operating margin 5.1%, net earnings $14.2M, operating cash flow $32.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $510M | +17% | +6% |
| Operating profit | $26.1M | — | +11% |
| Net earnings | $14.2M | — | +21% |
| Operating cash flow | $32.2M | +6% | +34% |
| Free cash flow | $12.0M | — | +202% |
What changed
Revenue was $510.3M in Q1 2025, up 6% year over year and up 17% from the previous quarter. Products was the largest line at 81% of revenue. Products added $24.7M year over year (up 6%), 90% of the total change.
Operating profit was $26.1M, a 5.1% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 5% margin then. Total costs grew 5% against revenue growth of 6%. Net earnings were $14.2M, up 21% year over year. The effective tax rate was 34.2%.
Operating cash flow was $32.2M (up 34% year over year), 227% of net earnings. Non-cash charges added back $23.0M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items used $11.9M. Capital expenditures of $20.2M left free cash flow of $12.0M.
Questions
What was National Vision Holdings' revenue in the first quarter 2025?
National Vision Holdings (EYE) reported revenue of $510M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +17% from the quarter before.
Was National Vision Holdings profitable in the first quarter 2025?
Operating profit was $26.1M (5.1% of revenue) and net earnings $14.2M.