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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $487.3M, roughly 1.9× National Vision Holdings, Inc.). LCI INDUSTRIES runs the higher net margin — 2.0% vs 0.7%, a 1.3% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs 7.9%). LCI INDUSTRIES produced more free cash flow last quarter ($64.3M vs $30.3M). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% CAGR vs -1.8%).
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
EYE vs LCII — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.3M | $932.7M |
| Net Profit | $3.4M | $18.7M |
| Gross Margin | — | 22.1% |
| Operating Margin | 2.0% | 3.8% |
| Net Margin | 0.7% | 2.0% |
| Revenue YoY | 7.9% | 16.1% |
| Net Profit YoY | 139.8% | 95.7% |
| EPS (diluted) | $0.04 | $0.79 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $932.7M | ||
| Q3 25 | $487.3M | $1.0B | ||
| Q2 25 | $486.4M | $1.1B | ||
| Q1 25 | $510.3M | $1.0B | ||
| Q4 24 | $437.3M | $803.1M | ||
| Q3 24 | $451.5M | $915.5M | ||
| Q2 24 | $451.7M | $1.1B | ||
| Q1 24 | $482.8M | $968.0M |
| Q4 25 | — | $18.7M | ||
| Q3 25 | $3.4M | $62.5M | ||
| Q2 25 | $8.7M | $57.6M | ||
| Q1 25 | $14.2M | $49.4M | ||
| Q4 24 | $-28.6M | $9.5M | ||
| Q3 24 | $-8.5M | $35.6M | ||
| Q2 24 | $-3.1M | $61.2M | ||
| Q1 24 | $11.7M | $36.5M |
| Q4 25 | — | 22.1% | ||
| Q3 25 | — | 24.4% | ||
| Q2 25 | — | 24.4% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 25.3% | ||
| Q1 24 | — | 23.1% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | 2.0% | 7.3% | ||
| Q2 25 | 3.4% | 7.9% | ||
| Q1 25 | 5.1% | 7.8% | ||
| Q4 24 | -5.8% | 2.0% | ||
| Q3 24 | -2.0% | 5.9% | ||
| Q2 24 | 0.1% | 8.6% | ||
| Q1 24 | 4.9% | 6.0% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 0.7% | 6.0% | ||
| Q2 25 | 1.8% | 5.2% | ||
| Q1 25 | 2.8% | 4.7% | ||
| Q4 24 | -6.5% | 1.2% | ||
| Q3 24 | -1.9% | 3.9% | ||
| Q2 24 | -0.7% | 5.8% | ||
| Q1 24 | 2.4% | 3.8% |
| Q4 25 | — | $0.79 | ||
| Q3 25 | $0.04 | $2.55 | ||
| Q2 25 | $0.11 | $2.29 | ||
| Q1 25 | $0.18 | $1.94 | ||
| Q4 24 | $-0.36 | $0.37 | ||
| Q3 24 | $-0.11 | $1.39 | ||
| Q2 24 | $-0.04 | $2.40 | ||
| Q1 24 | $0.15 | $1.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $56.0M | $222.6M |
| Total DebtLower is stronger | $236.5M | $945.2M |
| Stockholders' EquityBook value | $858.8M | $1.4B |
| Total Assets | $2.0B | $3.2B |
| Debt / EquityLower = less leverage | 0.28× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $222.6M | ||
| Q3 25 | $56.0M | $199.7M | ||
| Q2 25 | $48.5M | $191.9M | ||
| Q1 25 | $80.0M | $231.2M | ||
| Q4 24 | $73.9M | $165.8M | ||
| Q3 24 | $81.2M | $161.2M | ||
| Q2 24 | $179.5M | $130.4M | ||
| Q1 24 | $150.1M | $22.6M |
| Q4 25 | — | $945.2M | ||
| Q3 25 | $236.5M | $947.8M | ||
| Q2 25 | $255.6M | $948.0M | ||
| Q1 25 | $244.7M | $938.3M | ||
| Q4 24 | $248.6M | $757.3M | ||
| Q3 24 | $252.8M | $822.5M | ||
| Q2 24 | $143.9M | $829.7M | ||
| Q1 24 | $448.6M | $855.3M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $858.8M | $1.4B | ||
| Q2 25 | $850.6M | $1.4B | ||
| Q1 25 | $836.2M | $1.4B | ||
| Q4 24 | $816.3M | $1.4B | ||
| Q3 24 | $840.0M | $1.4B | ||
| Q2 24 | $843.4M | $1.4B | ||
| Q1 24 | $841.3M | $1.4B |
| Q4 25 | — | $3.2B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $2.0B | $3.2B | ||
| Q1 25 | $2.0B | $3.1B | ||
| Q4 24 | $2.0B | $2.9B | ||
| Q3 24 | $2.0B | $3.0B | ||
| Q2 24 | $2.1B | $3.0B | ||
| Q1 24 | $2.2B | $3.0B |
| Q4 25 | — | 0.69× | ||
| Q3 25 | 0.28× | 0.70× | ||
| Q2 25 | 0.30× | 0.68× | ||
| Q1 25 | 0.29× | 0.69× | ||
| Q4 24 | 0.30× | 0.55× | ||
| Q3 24 | 0.30× | 0.58× | ||
| Q2 24 | 0.17× | 0.60× | ||
| Q1 24 | 0.53× | 0.63× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $46.6M | $78.9M |
| Free Cash FlowOCF − Capex | $30.3M | $64.3M |
| FCF MarginFCF / Revenue | 6.2% | 6.9% |
| Capex IntensityCapex / Revenue | 3.4% | 1.6% |
| Cash ConversionOCF / Net Profit | 13.83× | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | $83.0M | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $78.9M | ||
| Q3 25 | $46.6M | $97.2M | ||
| Q2 25 | $54.3M | $112.2M | ||
| Q1 25 | $32.2M | $42.7M | ||
| Q4 24 | $30.3M | $106.6M | ||
| Q3 24 | $27.9M | $78.4M | ||
| Q2 24 | $51.5M | $192.9M | ||
| Q1 24 | $24.0M | $-7.7M |
| Q4 25 | — | $64.3M | ||
| Q3 25 | $30.3M | $80.9M | ||
| Q2 25 | $42.4M | $99.5M | ||
| Q1 25 | $12.0M | $33.7M | ||
| Q4 24 | $-1.7M | $95.7M | ||
| Q3 24 | $4.1M | $68.3M | ||
| Q2 24 | $31.9M | $180.2M | ||
| Q1 24 | $4.0M | $-16.3M |
| Q4 25 | — | 6.9% | ||
| Q3 25 | 6.2% | 7.8% | ||
| Q2 25 | 8.7% | 9.0% | ||
| Q1 25 | 2.4% | 3.2% | ||
| Q4 24 | -0.4% | 11.9% | ||
| Q3 24 | 0.9% | 7.5% | ||
| Q2 24 | 7.1% | 17.1% | ||
| Q1 24 | 0.8% | -1.7% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | 3.4% | 1.6% | ||
| Q2 25 | 2.4% | 1.2% | ||
| Q1 25 | 4.0% | 0.9% | ||
| Q4 24 | 7.3% | 1.4% | ||
| Q3 24 | 5.3% | 1.1% | ||
| Q2 24 | 4.3% | 1.2% | ||
| Q1 24 | 4.1% | 0.9% |
| Q4 25 | — | 4.22× | ||
| Q3 25 | 13.83× | 1.55× | ||
| Q2 25 | 6.22× | 1.95× | ||
| Q1 25 | 2.27× | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | — | 2.20× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | 2.05× | -0.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EYE
Segment breakdown not available.
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
