Nathan's Famous Inc. (NATH) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$2.01	$1.97	-2.0%	—	$47M	—
Q4 23	—	$0.8	—	—	$27.4M	—
Q3 23	—	$0.79	—	—	$26.2M	—
Q2 23	—	$1.46	—	—	$37.5M	—
Q1 23	—	$1.74	—	—	$39.7M	—
Q4 22	—	$0.52	—	—	$24.8M	—
Q3 22	—	$0.52	—	—	$25.9M	—
Q2 22	—	$0.86	—	—	$32.9M	—
Q1 22	—	$1.4	—	—	$31.3M	—
Q4 21	—	$0.5	—	—	$18.3M	—
Q3 21	—	$0.33	—	—	$18M	—
Q2 21	—	$0.89	—	—	$21.8M	—
Q1 21	—	$0.97	—	—	$17.7M	—
Q4 20	—	$0.76	—	—	$21.7M	—
Q3 20	—	$0.29	—	—	$21.4M	—
Q2 20	—	$0.87	—	—	$29.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$4.89	—	—	$162.1M	—
FY25	—	$5.88	—	—	$148.2M	—
FY24	—	$4.81	—	—	$138.6M	—
FY23	—	$4.8	—	—	$130.8M	—
FY22

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$96.3M	$104.2M	$101.8M	$103.3M	$75.8M	$114.9M	$130.8M	$138.6M	$148.2M	$162.1M
YoY change	-4.17%	+8.25%	-2.26%	+1.45%	-26.6%	+51.5%	+13.8%	+5.98%	+6.91%	+9.37%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	96.3M	104.2M	101.8M	103.3M	75.8M	114.9M	130.8M	138.6M	148.2M	162.1M
Cost of revenue	55M	62.3M	58.8M	60.1M	37.1M	70.8M	81.1M	89.4M	96.2M	113.1M
Gross profit	41.2M	41.9M	43M	43.2M	38.7M	44.1M	49.6M	49.3M	52M	48.9M
Gross margin	42.8%	40.3%	42.3%	41.8%	51.1%	38.4%	38%	35.5%	35.1%	30.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	13.7M	13.5M	13.9M	14.8M	12M	13.1M	14.1M	15.6M	14.5M	17.9M
Operating expenses	17M	17M	17.4M	14.8M	12M	13.1M	14.1M	15.6M	14.5M	17.9M
Operating income	26.3M	27.1M	28M	27.2M	25.5M	29.9M	34.4M	32.5M	36.5M	30.1M
Operating margin	27.3%	26%	27.5%	26.3%	33.6%	26%	26.3%	23.5%	24.6%	18.6%
Non-operating income, net	85K	-9.6M	11.4M	86K	47K	-1.3M	-339K	-83K	-302K	165K
Pretax income	11.8M	4.1M	29.4M	18M	15.3M	18.5M	26.8M	27.5M	32.8M	28.2M
Income tax	4.3M	1.5M	7.9M	4.6M	4.3M	4.9M	7.2M	7.8M	8.7M	8.2M
Net income	7.5M	2.6M	21.5M	13.4M	11.1M	13.6M	19.6M	19.6M	24M	20M
Net margin	7.78%	2.52%	21.1%	13%	14.6%	11.8%	15%	14.2%	16.2%	12.4%
EBITDA	27.8M	28.7M	30.2M	29.8M	27.1M	31.1M	36M	34.1M	38.2M	32M
EPS	1.79	0.63	5.13	3.19	2.69	3.3	4.8	4.81	5.88	4.89
Diluted EPS	1.78	0.62	5.09	3.19	2.69	3.3	4.8	4.8	5.87	4.85

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	38.7M	28.9M	29M	44.8M	41.1M	31.5M	30.8M	47M	45.7M	34.3M	35.1M	54.1M
Cost of revenue	25.5M	18.8M	19.3M	26.4M	27.4M	20.6M	21.8M	29.6M	33.8M	24M	25.7M	36.4M
Gross profit	13.2M	10.1M	9.7M	18.4M	13.7M	11M	8.9M	17.4M	11.9M	10.3M	9.4M	17.6M
Gross margin	34.1%	35%	33.3%	41.1%	33.3%	34.8%	29%	37%	26%	29.9%	26.8%	32.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.8M	4.7M	2.6M	4.4M	3.8M	4M	2.3M	4.4M	4.1M	4.9M	4.5M	4.7M
Operating expenses	3.8M	4.7M	2.6M	4.4M	3.8M	4M	2.3M	4.4M	4.1M	4.9M	4.5M	4.7M
Operating income	9.1M	5.1M	6.8M	13.7M	9.6M	6.8M	6.4M	12.8M	7.5M	5.1M	4.7M	12.7M
Operating margin	23.5%	17.8%	23.5%	30.7%	23.4%	21.4%	20.7%	27.2%	16.4%	14.9%	13.4%	23.4%
Non-operating income, net	23K	-148K	21K	21K	-311K	-34K	22K	21K	22K	122K	0	—
Pretax income	7.9M	3.7M	5.7M	12.8M	8.1M	6.1M	5.8M	12.3M	7M	4.7M	4.2M	12.2M
Income tax	2.2M	1.1M	1.8M	3.5M	2.1M	1.6M	1.6M	3.3M	1.8M	1.7M	1.4M	3.3M
Net income	5.7M	2.6M	3.9M	9.3M	6M	4.5M	4.2M	8.9M	5.2M	3.1M	2.8M	8.8M
Net margin	14.7%	9.02%	13.5%	20.7%	14.7%	14.2%	13.8%	19%	11.4%	8.99%	8.01%	16.3%
EBITDA	9.5M	5.5M	7.4M	14M	10.1M	7.2M	6.9M	13.2M	8M	5.7M	5.1M	13M
EPS	1.4	0.64	—	2.27	1.48	1.1	—	2.18	1.27	0.75	—	2.16
Diluted EPS	1.4	0.64	—	2.27	1.47	1.1	—	2.16	1.26	0.75	—	2.14

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	261.4M	309M	286.4M	257.2M	259.7M	222.9M	309.1M	288.9M	393.8M	412.1M	415.8M
Enterprise value	335.9M	396.4M	356.4M	336.3M	334.8M	289.4M	365.5M	334.3M	421.9M	439.8M	442.4M
Shares outstanding	4.2M	4.2M	4.2M	4.2M	4.1M	4.1M	4.1M	4.1M	4.1M	4.1M	4.1M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	34.9	117.5	13.3	19.1	23.4	16.4	15.8	14.7	16.4	20.6	21
P/S	2.72	2.97	2.81	2.49	3.42	1.94	2.36	2.08	2.66	2.54	2.46
P/B	-3.93	-3.65	-4.08	-3.87	-4.16	-4.05	-6.94	-8.78	-23.8	-29	-58
EV/EBITDA	12.1	13.8	11.8	11.3	12.4	9.31	10.1	9.8	11	13.8	12.9
EV/Sales	3.49	3.8	3.5	3.25	4.42	2.52	2.79	2.41	2.85	2.71	2.62
Earnings yield	2.86%	0.85%	7.5%	5.22%	4.26%	6.1%	6.35%	6.79%	6.1%	4.86%	4.76%
FCF yield	3.55%	5.92%	3.74%	4.46%	4.32%	7.11%	6.21%	6.81%	6.35%	4.34%	4.57%
PEG	—	—	—	—	—	—	—	—	—	—	-22.9

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	42.8%	40.3%	42.3%	41.8%	51.1%	38.4%	38%	35.5%	35.1%	30.2%	32.6%
Operating margin	27.3%	26%	27.5%	26.3%	33.6%	26%	26.3%	23.5%	24.6%	18.6%	23.9%
Net margin	7.78%	2.52%	21.1%	13%	14.6%	11.8%	15%	14.2%	16.2%	12.4%	11.8%
ROE	-11.3%	-3.11%	-30.6%	-20.2%	-17.7%	-24.7%	-44%	-59.6%	-145.5%	-140.8%	-140.8%
ROA	9.58%	3.28%	22.8%	12.8%	10.2%	17.3%	33.5%	40.1%	44.9%	37.3%	32.6%
ROIC	206.5%	608%	-14.5K%	159.1%	145.4%	191%	213.5%	186.8%	230.6%	158.8%	110.9%
Return on tangible assets	9.95%	3.41%	23.5%	13.1%	10.4%	17.8%	34.6%	41.5%	46%	37.9%	31.1%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	6.27	3.98	5.84	6.14	6.49	3.98	2.83	2.49	2.69	2.49	2.45
Quick ratio	6.22	3.96	5.8	6.12	6.44	3.95	2.8	2.44	2.62	2.45	2.39
Debt / equity	-1.98	-1.71	-2.07	-2.35	-2.5	-2.12	-1.94	-2.02	-3.39	-3.66	-0.07
Debt / assets	1.68	1.81	1.54	1.48	1.44	1.48	1.47	1.36	1.05	0.97	0.79
Net debt / EBITDA	2.69	3.04	2.32	2.65	2.77	2.14	1.56	1.33	0.74	0.87	0.83
Interest coverage	1.8	1.3	3.73	2.7	2.45	2.83	4.46	6.13	8.98	10.9	11.3
Effective tax rate	36.6%	36%	26.9%	25.4%	27.7%	26.7%	26.8%	28.5%	26.7%	29%	29.1%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	23.1	24.9	24.3	24.5	18.4	27.9	32	34	36.3	39.6	41.3
EPS (basic)	1.79	0.63	5.13	3.19	2.69	3.3	4.8	4.81	5.88	4.89	4.89
EPS (diluted)	1.78	0.62	5.09	3.19	2.69	3.3	4.8	4.8	5.87	4.85	4.83
Book value per share	-15.9	-20.2	-16.8	-15.7	-15.2	-13.4	-10.9	-8.07	-4.04	-3.48	-1.75
FCF per share	2.23	4.38	2.56	2.72	2.72	3.85	4.7	4.82	6.12	4.37	4.62
Cash per share	13.6	13.7	18	18.3	19.7	12.2	7.3	5.15	6.8	5.97	6.02
Capex per share	0.27	0.13	2.94	0.21	0.13	0.15	0.14	0.08	0.06	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	1.17%	0.53%	12.1%	0.84%	0.73%	0.55%	0.45%	0.23%	0.15%	—	—
Capex / operating cash flow	11.2%	5.02%	51.9%	6.01%	4.67%	4.23%	3.01%	1.57%	0.92%	—	—
Payout ratio	5.01%	801.3%	20.2%	44%	52%	45.4%	38.5%	41.6%	34%	91.9%	41.4%
Dividend yield	0.14%	6.82%	1.51%	2.3%	2.22%	2.77%	2.45%	2.82%	2.08%	4.47%	1.97%

Yield

1.97%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.50

ex-dividend Jun 22, 2026

Payout ratio

41%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 22, 2026	$0.50
Feb 17, 2026	$0.50
Nov 24, 2025	$3.00
Aug 25, 2025	$0.50
Jun 23, 2025	$0.50
Feb 18, 2025	$0.50
Nov 25, 2024	$0.50
Aug 26, 2024	$0.50

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$38.7M	$28.9M	$29M	$44.8M	$41.1M	$31.5M	$30.8M	$47M	$45.7M	$34.3M	$35.1M	$54.1M
YoY change	+3.33%	+10.5%	+5.75%	+6.63%	+6.1%	+9.1%	+6.2%	+4.98%	+11.1%	+8.86%	+13.9%	+15%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	56.9M	57.3M	75.4M	77.1M	81.1M	50.1M	29.9M	21M	27.8M	24.4M
Receivables	8.8M	10.4M	10.1M	11.1M	11.7M	13.2M	14.9M	15M	14.4M	20.4M
Inventory	579K	384K	535K	378K	624K	522K	539K	842K	1.2M	891K
Total current assets	67.5M	71.7M	87.2M	89.8M	94.7M	65.4M	47.4M	38.8M	45.1M	47.1M
Property, plant & equipment	6.7M	4.6M	3.4M	12.3M	11M	9.8M	8.3M	7.5M	5.7M	3.9M
Goodwill & intangibles	2.9M	2.9M	2.9M	2.7M	2.5M	2.3M	1.9M	1.6M	1.2M	886K
Total assets	78.1M	80.1M	94.3M	105.3M	108.8M	78.5M	58.6M	48.9M	53.5M	53.7M
Accounts payable	4.8M	6.6M	5.2M	3.5M	4M	6.4M	6.5M	5.7M	6.2M	7.9M
Short-term debt	—	—	—	1.6M	1.8M	1.8M	1.8M	1.9M	4.3M	4.3M
Total current liabilities	10.8M	18M	14.9M	14.6M	14.6M	16.4M	16.7M	15.6M	16.8M	18.9M
Long-term debt	131.5M	144.8M	145.4M	154.7M	154.4M	114.7M	84.5M	64.5M	51.6M	47.7M
Total liabilities	144.6M	164.7M	164.4M	171.7M	171.3M	133.5M	103.2M	81.8M	70M	67.9M
Shareholders' equity	-66.5M	-84.6M	-70.1M	-66.4M	-62.5M	-55M	-44.6M	-32.9M	-16.5M	-14.2M
Total debt	131.5M	144.8M	145.4M	156.3M	156.2M	116.5M	86.2M	66.4M	55.9M	52.1M
Net debt	74.6M	87.4M	70M	79.1M	75.2M	66.5M	56.4M	45.4M	28.1M	27.7M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	37M	16.7M	21M	26M	31.2M	23.7M	27.8M	26.9M	32.2M	24.5M	24.4M	24.7M
Receivables	14.9M	13.2M	15M	20.1M	15.1M	14.6M	14.4M	26M	21.1M	17.7M	20.4M	31.2M
Inventory	921K	554K	842K	931K	1M	588K	1.2M	900K	945K	680K	891K	1.4M
Total current assets	54.5M	32.5M	38.8M	49M	48.7M	40.2M	45.1M	55.5M	55.4M	43.9M	47.1M	58.8M
Property, plant & equipment	9.6M	9.2M	7.5M	8.4M	7.9M	7.5M	5.7M	6.7M	6.3M	5.8M	3.9M	4.9M
Goodwill & intangibles	1.8M	1.7M	1.6M	1.5M	1.4M	1.3M	1.2M	1.1M	1.1M	972K	886K	798K
Total assets	65.6M	42.9M	48.9M	58.5M	57.7M	48.7M	53.5M	63.4M	62.9M	50.9M	53.7M	64.8M
Accounts payable	5.6M	4.7M	5.7M	7M	6.4M	4.7M	6.2M	7.4M	8.1M	6.1M	7.9M	10.6M
Short-term debt	1.9M	1.9M	1.9M	1.9M	4.3M	4.3M	4.3M	4.3M	4.3M	4.3M	4.3M	4.3M
Total current liabilities	14.5M	11.4M	15.6M	18.2M	16.1M	13.7M	16.8M	20.6M	17.7M	16.1M	18.9M	24M
Long-term debt	84.6M	64.7M	64.5M	64.1M	61.3M	52.5M	51.6M	50.6M	49.5M	48.6M	47.7M	46.7M
Total liabilities	101M	77.9M	81.8M	84M	79M	67.7M	70M	72.8M	68.8M	66.2M	67.9M	71.9M
Shareholders' equity	-35.4M	-35M	-32.9M	-25.5M	-21.3M	-19M	-16.5M	-9.3M	-5.9M	-15.3M	-14.2M	-7.2M
Total debt	86.5M	66.5M	66.4M	66M	65.6M	56.8M	55.9M	54.9M	53.9M	53M	52.1M	51M
Net debt	49.5M	49.8M	45.4M	40.1M	34.4M	33.1M	28.1M	28M	21.7M	28.4M	27.7M	26.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	7.5M	2.6M	21.5M	13.4M	11.1M	13.6M	19.6M	19.6M	24M	20M
Depreciation & amortization	1.3M	1.4M	1.2M	1.2M	1.2M	1.1M	1.1M	1.1M	957K	925K
Stock-based compensation	582K	398K	162K	116K	116K	74K	258K	733K	993K	1.1M
Change in working capital	-1.2M	5.8M	-220K	-1.8M	-1.2M	246K	-2.2M	-1.9M	-1.3M	-3.8M
Operating cash flow	10.1M	10.9M	23.7M	14.5M	11.8M	15.1M	19.4M	20M	24.4M	18.2M
Capital expenditure	-1.1M	-550K	12.3M	-870K	-551K	-636K	-584K	-313K	-225K	—
Investing cash flow	-1.1M	-550K	12.3M	-870K	-551K	-636K	-584K	-313K	-225K	—
Dividends paid	-375K	-21.1M	-4.3M	-5.9M	-5.8M	-6.2M	-7.6M	-8.2M	-8.2M	-18.4M
Share repurchases	-1.3M	0	-1M	-5M	-1.5M	0	-1.9M	0	—	—
Financing cash flow	-2.6M	-17.9M	-5.5M	-10.9M	-7.3M	-46.8M	-39.5M	-28.5M	-18.2M	-21.3M
Net change in cash	6.3M	-7.5M	30.6M	2.7M	4M	-32.4M	-20.6M	-8.9M	6M	-3M
Free cash flow	9.3M	18.3M	10.7M	11.5M	11.2M	15.8M	19.2M	19.7M	25M	17.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	5.7M	2.6M	3.9M	9.3M	6M	4.5M	4.2M	8.9M	5.2M	3.1M	2.8M	8.8M
Depreciation & amortization	315K	268K	239K	249K	247K	235K	226K	228K	236K	232K	229K	239K
Stock-based compensation	182K	187K	187K	188K	229K	288K	288K	288K	284K	280K	280K	280K
Change in working capital	5M	2.5M	-1.6M	-5.9M	4.7M	1.3M	-142K	-12M	4.5M	4.1M	-2.7M	-12M
Operating cash flow	11.2M	5.8M	2.8M	3.8M	11.2M	6.3M	4.4M	-220K	10.2M	5.8M	2.5M	949K
Capital expenditure	-96K	-74K	-70K	-41K	-89K	-41K	-54K	—	—	—	—	—
Investing cash flow	-96K	-74K	-70K	-41K	-89K	-41K	-54K	—	—	—	—	—
Dividends paid	-4.1M	-2M	-2M	—	—	-2M	-2M	—	—	-12.3M	-2M	—
Share repurchases	0	0	0	—	—	—	—	—	—	—	—	—
Financing cash flow	-4.1M	-2M	-2M	—	-60M	-11.1M	-2.6M	-600K	-600K	-12.9M	-2.6M	-600K
Net change in cash	7.1M	3.7M	640K	3.7M	-48.9M	-4.8M	1.7M	-820K	9.6M	-7.1M	-103K	349K
Free cash flow	9.1M	2.2M	6.3M	5M	9.7M	3.6M	6.7M	-335K	10M	5.7M	2.5M	882K

Nathan's Famous Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement