Nomad Foods Ltd. (NOMD) 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 %
Q3 26	$0.37	$0.39	+5.4%	—	—	—
Q2 26	$0.19	$0.23	+21.1%	—	—	—
Q1 26	$0.43	$0.43	0.0%	—	—	—
Q4 25	$0.47	$0.49	+4.3%	—	—	—
Q3 25	$0.39	$0.4	+2.6%	—	—	—
Q2 25	$0.35	$0.35	0.0%	—	—	—
Q1 25	$0.37	$0.42	+13.5%	—	—	—
Q4 24	$0.51	$0.55	+7.8%	—	—	—
Q3 24	$0.42	$0.44	+4.8%	—	—	—
Q2 24	$0.37	$0.37	0.0%	—	—	—
Q1 24	$0.31	$0.32	+3.2%	—	—	—
Q4 23	$0.38	$0.43	+13.2%	—	—	—
Q3 23	$0.37	$0.4	+8.1%	—	—	—
Q2 23	$0.39	$0.46	+17.9%	—	—	—
Q1 23	$0.34	$0.33	-2.9%	—	—	—
Q4 22	$0.43	$0.52	+20.9%	—	—	—

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 %
FY25	—	$0.91	—	—	$3B	—
FY24	—	$1.41	—	—	$3.1B	—
FY23	—	$1.13	—	—	$3B	—
FY22	—	$1.43	—	—	$2.9B

Total revenue

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

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.9B	$2B	$2.2B	$2.3B	$2.5B	$2.6B	$2.9B	$3B	$3.1B	$3B
YoY change	+InfinityT%	+1.5%	+11%	+6.97%	+8.24%	+3.61%	+12.8%	+3.56%	+1.82%	-2.17%

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.9B	2B	2.2B	2.3B	2.5B	2.6B	2.9B	3B	3.1B	3B
Cost of revenue	1.4B	1.4B	1.5B	1.6B	1.8B	1.9B	2.1B	2.2B	2.2B	2.2B
Gross profit	571M	599.4M	653.5M	697.9M	762.5M	744.3M	815.3M	858.7M	917.8M	823M
Gross margin	29.6%	30.6%	30.1%	30%	30.3%	28.6%	27.7%	28.2%	29.6%	27.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	5.6M	—	—	—	—	—	—	—	—
Operating expenses	298.4M	324.9M	352.7M	359.9M	382.7M	356.3M	391.2M	445.8M	461.3M	419.2M
Operating income	272.6M	280.1M	300.8M	338M	379.8M	388M	424.1M	412.9M	456.5M	403.8M
Operating margin	14.1%	14.3%	13.8%	14.5%	15.1%	14.9%	14.4%	13.6%	14.7%	13.3%
Non-operating income, net	-120.5M	-30.2M	-2M	-45.4M	-16.3M	-70M	-18.4M	-26.8M	-51.3M	-118.9M
Pretax income	76M	168.5M	227.1M	210.3M	295.5M	236.7M	321M	253.6M	277.9M	145.3M
Income tax	39.6M	32M	56.6M	56.7M	70.4M	55.7M	71.2M	60.9M	50.8M	8.6M
Net income	36.4M	136.5M	170.5M	153.6M	225.1M	181M	249.8M	192.7M	227.1M	136.7M
Net margin	1.89%	6.98%	7.85%	6.61%	8.95%	6.94%	8.5%	6.33%	7.33%	4.51%
EBITDA	324.6M	299.9M	344.7M	406.8M	446.1M	439.8M	510.6M	507.3M	556.4M	487.6M
EPS	0.2	0.78	0.97	0.8	1.16	1.02	1.43	1.13	1.41	0.91
Diluted EPS	0.2	0.74	0.97	0.78	1.14	1.02	1.43	1.13	1.4	0.91

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	763.5M	760.8M	783.7M	753.1M	890.1M	793.4M	760.1M	746.9M	752.4M	773.1M	715.2M	723.7M
Cost of revenue	546.8M	553.1M	572.8M	520.3M	603.1M	567.5M	548.5M	540.6M	545M	575.4M	531.6M	514.5M
Gross profit	216.7M	207.7M	210.9M	232.8M	287.1M	225.9M	211.6M	206.3M	207.4M	197.7M	183.6M	209.2M
Gross margin	28.4%	27.3%	26.9%	30.9%	32.3%	28.5%	27.8%	27.6%	27.6%	25.6%	25.7%	28.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	104.8M	122.6M	115.4M	119.3M	129M	115.1M	120.7M	103.9M	96.9M	97.7M	117M	107.6M
Operating income	111.9M	85.1M	95.5M	113.5M	158.1M	110.8M	90.9M	102.4M	110.5M	100M	66.6M	101.6M
Operating margin	14.7%	11.2%	12.2%	15.1%	17.8%	14%	12%	13.7%	14.7%	12.9%	9.31%	14%
Non-operating income, net	-13.5M	35.9M	-23.5M	-12.4M	-16.5M	-1.1M	-17.1M	-14.9M	-16.9M	-70M	-9.9M	-12.5M
Pretax income	96.4M	46.2M	41.9M	87.7M	100.6M	61.3M	39.7M	70.6M	70.4M	-35.4M	35.3M	60.1M
Income tax	18.8M	21.5M	7.4M	16.8M	19.3M	9.9M	7M	13.5M	12.8M	-24.7M	6.4M	11.6M
Net income	77.6M	24.7M	34.5M	70.9M	81.3M	51.4M	32.7M	57.1M	57.6M	-10.7M	28.9M	48.5M
Net margin	10.2%	3.25%	4.4%	9.41%	9.13%	6.48%	4.3%	7.64%	7.66%	-1.38%	4.04%	6.7%
EBITDA	159.5M	89.5M	124.5M	154.7M	189.2M	113.6M	116.4M	142.3M	146.7M	86.8M	98.4M	128.3M
EPS	0.46	—	0.21	0.43	0.44	—	0.21	0.37	0.39	-0.07	0.2	0.35
Diluted EPS	0.46	—	0.21	0.43	0.44	—	0.21	0.37	0.39	-0.07	0.2	0.35

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	2.9B	2.8B	4.1B	4.8B	4.4B	2.9B	2.8B	2.7B	1.9B	1.5B
Enterprise value	—	4.1B	4.3B	5.2B	6.1B	6.3B	4.7B	4.5B	4.5B	3.8B	4B
Shares outstanding	177.1M	169.9M	169.5M	185.3M	187.2M	171.9M	168.6M	162.9M	161.5M	149.9M	149.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	21.1	16.6	27	21.1	24.1	11.6	14.3	11.9	13.7	10.8
P/S	—	1.47	1.3	1.78	1.89	1.67	0.99	0.91	0.87	0.62	0.5
P/B	—	1.55	1.38	1.62	2.24	1.9	1.12	1.06	1.02	0.75	0.51
EV/EBITDA	—	13.5	12.4	12.7	13.7	14.4	9.21	8.86	8.06	7.88	7.72
EV/Sales	—	2.07	1.97	2.22	2.43	2.43	1.6	1.48	1.45	1.27	1.19
Earnings yield	—	4.75%	6.02%	3.71%	4.73%	4.15%	8.6%	6.98%	8.38%	7.29%	9.29%
FCF yield	—	5.26%	9.87%	6.47%	8.37%	5.2%	7.73%	12.6%	13.1%	13.4%	9.8%
PEG	—	—	—	—	—	—	—	—	—	—	-1.99

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	29.6%	30.6%	30.1%	30%	30.3%	28.6%	27.7%	28.2%	29.6%	27.1%	28.9%
Operating margin	14.1%	14.3%	13.8%	14.5%	15.1%	14.9%	14.4%	13.6%	14.7%	13.3%	13.9%
Net margin	1.89%	6.98%	7.85%	6.61%	8.95%	6.94%	8.5%	6.33%	7.33%	4.51%	4.19%
ROE	1.91%	7.37%	8.28%	6.01%	10.6%	7.87%	9.58%	7.43%	8.53%	5.48%	4.89%
ROA	0.77%	2.97%	3.19%	2.6%	4.03%	2.93%	3.95%	3%	3.53%	2.16%	3.76%
ROIC	4.31%	7.48%	6.46%	6.89%	8.32%	6.94%	7.49%	7.25%	8.41%	8.51%	7.92%
Return on tangible assets	-1.63%	-5.84%	-6.67%	-7.73%	-8.88%	-6.16%	-8.95%	-7.06%	-8.33%	-4.88%	-4.51%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.16	1.07	1.12	1.73	1.06	0.96	1.19	1.13	1.1	1.07	1.1
Quick ratio	0.73	0.63	0.71	1.33	0.68	0.54	0.7	0.7	0.71	0.66	0.66
Debt / equity	0.76	0.75	0.86	0.73	0.83	0.97	0.83	0.83	0.82	0.92	0.92
Debt / assets	0.31	0.3	0.33	0.32	0.32	0.36	0.34	0.33	0.34	0.36	0.36
Net debt / EBITDA	3.47	3.93	4.17	2.52	3.03	4.49	3.52	3.42	3.19	4.03	4.43
Interest coverage	1.99	3.87	4.28	3.54	5.43	4.85	4.89	2.92	3.13	2.27	2.17
Effective tax rate	52.1%	19%	24.9%	27%	23.8%	23.5%	22.2%	24%	18.3%	5.92%	4.68%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	10.9	11.5	12.8	12.5	13.4	15.2	17.4	18.7	19.2	20.2	20.7
EPS (basic)	0.2	0.78	0.97	0.8	1.16	1.02	1.43	1.13	1.41	0.91	0.91
EPS (diluted)	0.2	0.74	0.97	0.78	1.14	1.02	1.43	1.13	1.4	0.91	0.99
Book value per share	10.7	10.9	12.2	13.8	11.4	13.4	15.5	15.9	16.5	16.7	20.9
FCF per share	1.35	0.89	1.65	1.45	2.13	1.32	1.33	2.14	2.2	1.68	1.79
Cash per share	1.84	1.29	1.93	4.59	2.23	1.48	2.19	2.53	2.5	2.16	1.96
Capex per share	0.21	0.25	0.25	0.26	0.31	0.46	0.47	0.51	0.5	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.97%	2.18%	1.91%	2.04%	2.33%	3.04%	2.69%	2.71%	2.59%	—	—
Capex / operating cash flow	15.7%	17.7%	14.5%	11.6%	13.6%	18.6%	20.9%	17.2%	19.2%	—	—
Payout ratio	0%	0%	0%	0%	0%	0%	0%	0%	39.3%	66.8%	66.9%
Dividend yield	—	0%	0%	0%	0%	0%	0%	0%	3.29%	4.87%	6.38%

Yield

6.38%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.17

ex-dividend Aug 11, 2026

Payout ratio

67%

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
Aug 11, 2026	$0.17
May 12, 2026	$0.17
Feb 11, 2026	$0.17
Nov 10, 2025	$0.17
Aug 11, 2025	$0.17
May 12, 2025	$0.17
Feb 10, 2025	$0.17
Nov 8, 2024	$0.15

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$763.5M	$760.8M	$783.7M	$753.1M	$890.1M	$793.4M	$760.1M	$746.9M	$752.4M	$773.1M	$715.2M	$723.7M
YoY change	+0.51%	+1.41%	+1.11%	+1.07%	+16.6%	+4.28%	-3.01%	-0.82%	-15.5%	-2.56%	-5.91%	-3.11%

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	325.3M	219M	327.5M	851M	418.1M	254M	369.4M	412.7M	403M	324M
Receivables	92.3M	94.7M	98.3M	143.6M	141.2M	182.8M	211.2M	208.3M	282.9M	295.7M
Inventory	325M	306.9M	342.5M	323.2M	344.3M	410.6M	457.1M	446.4M	441.5M	440.6M
Total current assets	873.8M	749.1M	936.8M	1.4B	968.4M	929.1M	1.1B	1.2B	1.2B	1.1B
Property, plant & equipment	408.7M	412.8M	500.6M	422.4M	422.2M	810.9M	542.9M	563.7M	591.1M	595.2M
Goodwill & intangibles	6.9B	6.9B	7.9B	7.9B	8.1B	9.1B	9.1B	9.1B	9.2B	9.1B
Total assets	4.7B	4.6B	5.3B	5.9B	5.6B	6.2B	6.3B	6.4B	6.4B	6.3B
Accounts payable	345M	328.9M	400.6M	365.9M	453.4M	507M	496.7M	476.1M	521.6M	587.9M
Short-term debt	600K	3.3M	21.4M	29M	33.2M	29.1M	25.5M	34.6M	26M	32.6M
Total current liabilities	753.1M	701.9M	840M	823.1M	917.1M	966.2M	940.8M	1B	1.1B	1.1B
Long-term debt	1.5B	1.4B	1.7B	1.8B	1.7B	2.2B	2.1B	2.1B	2.2B	2.3B
Total liabilities	2.8B	2.7B	3.3B	3.3B	3.5B	3.9B	3.7B	3.8B	3.8B	3.8B
Shareholders' equity	1.9B	1.9B	2.1B	2.6B	2.1B	2.3B	2.6B	2.6B	2.7B	2.5B
Total debt	1.5B	1.4B	1.8B	1.9B	1.8B	2.2B	2.2B	2.1B	2.2B	2.3B
Net debt	1.1B	1.2B	1.4B	1.1B	1.4B	2B	1.8B	1.7B	1.8B	2B

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	305.5M	412.7M	390.7M	333.4M	386.8M	403M	329.8M	266.6M	193.6M	324M	282.5M	273.4M
Receivables	301.7M	208.3M	343.8M	345.1M	401.9M	282.9M	387.6M	423.3M	419M	295.7M	398.1M	426.2M
Inventory	480M	446.4M	432.6M	433.7M	568.4M	441.5M	462.5M	461.1M	485.3M	440.6M	443.2M	470.8M
Total current assets	1.1B	1.2B	1.2B	1.2B	1.4B	1.2B	1.2B	1.2B	1.1B	1.1B	1.2B	1.2B
Property, plant & equipment	—	563.7M	—	—	—	591.1M	—	—	—	595.2M	—	—
Goodwill & intangibles	9.1B	9.1B	9.1B	9.1B	10.6B	9.2B	9.2B	9.2B	9.2B	9.1B	9.1B	9.1B
Total assets	6.3B	6.4B	6.5B	6.4B	7.5B	6.4B	6.4B	6.4B	6.3B	6.3B	6.3B	6.4B
Accounts payable	696M	476.1M	810.3M	729.9M	859.1M	521.6M	856.6M	870.5M	844.7M	587.9M	817.5M	841.8M
Short-term debt	20.7M	34.6M	26.2M	24.7M	31M	26M	27.5M	29.9M	28.5M	32.6M	35.2M	33.7M
Total current liabilities	932.2M	1B	1.1B	994.4M	1.2B	1.1B	1.1B	1.2B	1.1B	1.1B	1.1B	1.1B
Long-term debt	2.1B	2.1B	2.1B	2.1B	2.4B	2.2B	2.1B	2.1B	2.1B	2.3B	2.3B	2.3B
Total liabilities	3.7B	3.8B	3.8B	3.8B	4.4B	3.8B	3.8B	3.8B	3.8B	3.8B	3.8B	3.9B
Shareholders' equity	2.7B	2.6B	2.6B	2.7B	3.1B	2.7B	2.6B	2.6B	2.6B	2.5B	2.5B	2.5B
Total debt	2.2B	2.1B	2.2B	2.1B	2.5B	2.2B	2.2B	2.1B	2.1B	2.3B	2.3B	2.3B
Net debt	1.9B	1.7B	1.8B	1.8B	2.1B	1.8B	1.8B	1.8B	1.9B	2B	2B	2B

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	36.4M	136.5M	170.5M	153.6M	225.1M	181M	249.8M	192.7M	227.1M	136.7M
Depreciation & amortization	51.1M	42.4M	46.3M	68.3M	67.6M	71.6M	88.6M	95M	96.9M	109.4M
Stock-based compensation	1.2M	2.6M	13M	14.9M	9M	5.1M	8.1M	24.1M	8.8M	8.4M
Change in working capital	-33.5M	14.5M	-35M	2.3M	-12.5M	1.5M	-102.4M	15.9M	-80.2M	-38.7M
Operating cash flow	242.2M	240.1M	287.4M	407.6M	431.8M	425.8M	377.6M	480.3M	418.1M	330.7M
Capital expenditure	-38M	-42.6M	-41.6M	-47.3M	-58.7M	-79.2M	-79.1M	-82.4M	-80.3M	—
Investing cash flow	-54M	-42.6M	-513.2M	-73.8M	-171.4M	-660M	-78.7M	-82.1M	-74.6M	0
Dividends paid	0	0	0	0	0	0	0	0	-89.2M	-91.3M
Share repurchases	0	-177.6M	0	0	-627.8M	-100.2M	-29.7M	-178M	-124.5M	-202.5M
Financing cash flow	3.2M	-193M	348M	299.8M	-664.6M	251.1M	-53.9M	-218.4M	-254.2M	-220.2M
Net change in cash	191.4M	4.5M	122.2M	633.6M	-404.2M	16.9M	245M	179.8M	89.3M	110.5M
Free cash flow	239.7M	151.2M	279.7M	268.1M	398.3M	227.1M	224.7M	348.4M	355.1M	252.2M

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	77.6M	24.7M	34.5M	70.9M	81.3M	51.4M	32.7M	57.1M	57.6M	-10.7M	28.9M	48.5M
Depreciation & amortization	23.2M	26.2M	23.1M	23.2M	29M	25.5M	24M	26.3M	29.6M	29.5M	24.3M	25.9M
Stock-based compensation	4.3M	4.3M	3.1M	1.9M	4M	300K	3.6M	500K	2.6M	1.7M	1.6M	-4.5M
Change in working capital	17.8M	68.3M	-67.3M	100K	-66.5M	44.5M	-74.7M	-45.2M	-27.5M	108.7M	-52.9M	-50.7M
Operating cash flow	141.4M	170.9M	30.4M	121.9M	108.1M	172.3M	29.9M	69.6M	54M	156.5M	38.3M	81.4M
Capital expenditure	-19.1M	-23.3M	-18.8M	-21.1M	-18.5M	-24.4M	-18.7M	—	—	—	—	—
Investing cash flow	-19.1M	-23.3M	-18.8M	-21.1M	-11.9M	-24.4M	-18.7M	—	—	0	—	—
Dividends paid	0	0	-22.3M	-22.8M	-25.8M	-21.8M	-25.3M	-23.1M	-21.3M	-21.6M	-20.6M	-20.3M
Share repurchases	-66.2M	-52.9M	-7.1M	-16.7M	-28.1M	-76.4M	-48.9M	-58.2M	-51M	-44.4M	-23.9M	-200K
Financing cash flow	-90.4M	-69.7M	-37.1M	-48.1M	-64.5M	-113.2M	-82.4M	-90.1M	-81M	-159.7M	-53.1M	-30M
Net change in cash	31.9M	77.9M	-25.5M	52.7M	31.7M	34.7M	-71.2M	-20.5M	-27M	-3.2M	-14.8M	51.4M
Free cash flow	81M	158.6M	80.2M	-8.8M	94.4M	202.1M	31.9M	51.2M	31.5M	137.6M	17.3M	65M

Nomad Foods Ltd. 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