vs
Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) and Innovative Eyewear Inc (LUCY). Click either name above to swap in a different company.
National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $959.8K, roughly 507.7× Innovative Eyewear Inc). National Vision Holdings, Inc. runs the higher net margin — 0.7% vs -194.8%, a 195.5% gap on every dollar of revenue. On growth, Innovative Eyewear Inc posted the faster year-over-year revenue change (39.0% vs 7.9%). National Vision Holdings, Inc. produced more free cash flow last quarter ($30.3M vs $-1.4M). Over the past eight quarters, Innovative Eyewear Inc's revenue compounded faster (58.2% CAGR vs 7.6%).
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.
General Eyewear is a London-based eyewear company and brand. The company was founded in the late 1990s by Fraser Laing. Originally under the name Arckiv, it produced its own original eyewear designs and had a particular specialism in vintage eyewear.
EYE vs LUCY — Head-to-Head
Income Statement — Q3 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $487.3M | $959.8K |
| Net Profit | $3.4M | $-1.9M |
| Gross Margin | — | 12.0% |
| Operating Margin | 2.0% | — |
| Net Margin | 0.7% | -194.8% |
| Revenue YoY | 7.9% | 39.0% |
| Net Profit YoY | 139.8% | 12.0% |
| EPS (diluted) | $0.04 | $-0.14 |
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 | — | $959.8K | ||
| Q3 25 | $487.3M | $668.1K | ||
| Q2 25 | $486.4M | $579.2K | ||
| Q1 25 | $510.3M | $454.5K | ||
| Q4 24 | $437.3M | $690.7K | ||
| Q3 24 | $451.5M | $253.6K | ||
| Q2 24 | $451.7M | $308.7K | ||
| Q1 24 | $482.8M | $383.5K |
| Q4 25 | — | $-1.9M | ||
| Q3 25 | $3.4M | $-1.8M | ||
| Q2 25 | $8.7M | $-2.1M | ||
| Q1 25 | $14.2M | $-1.8M | ||
| Q4 24 | $-28.6M | $-2.1M | ||
| Q3 24 | $-8.5M | $-1.7M | ||
| Q2 24 | $-3.1M | $-1.9M | ||
| Q1 24 | $11.7M | $-2.0M |
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | -2.2% | ||
| Q1 25 | — | 48.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 23.4% | ||
| Q2 24 | — | 17.9% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | -5.8% | — | ||
| Q3 24 | -2.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 4.9% | — |
| Q4 25 | — | -194.8% | ||
| Q3 25 | 0.7% | -274.8% | ||
| Q2 25 | 1.8% | -363.6% | ||
| Q1 25 | 2.8% | -391.4% | ||
| Q4 24 | -6.5% | -307.8% | ||
| Q3 24 | -1.9% | -678.5% | ||
| Q2 24 | -0.7% | -631.2% | ||
| Q1 24 | 2.4% | -514.1% |
| Q4 25 | — | $-0.14 | ||
| Q3 25 | $0.04 | $-0.38 | ||
| Q2 25 | $0.11 | $-0.66 | ||
| Q1 25 | $0.18 | $-0.72 | ||
| Q4 24 | $-0.36 | $0.26 | ||
| Q3 24 | $-0.11 | $-0.99 | ||
| Q2 24 | $-0.04 | $-1.87 | ||
| Q1 24 | $0.15 | $-2.59 |
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 | $6.5M |
| Total DebtLower is stronger | $236.5M | — |
| Stockholders' EquityBook value | $858.8M | $9.1M |
| Total Assets | $2.0B | $10.1M |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $6.5M | ||
| Q3 25 | $56.0M | $6.7M | ||
| Q2 25 | $48.5M | $7.6M | ||
| Q1 25 | $80.0M | $5.3M | ||
| Q4 24 | $73.9M | $2.6M | ||
| Q3 24 | $81.2M | $4.5M | ||
| Q2 24 | $179.5M | $5.9M | ||
| Q1 24 | $150.1M | $2.6M |
| Q4 25 | — | — | ||
| Q3 25 | $236.5M | — | ||
| Q2 25 | $255.6M | — | ||
| Q1 25 | $244.7M | — | ||
| Q4 24 | $248.6M | — | ||
| Q3 24 | $252.8M | — | ||
| Q2 24 | $143.9M | — | ||
| Q1 24 | $448.6M | — |
| Q4 25 | — | $9.1M | ||
| Q3 25 | $858.8M | $10.3M | ||
| Q2 25 | $850.6M | $11.3M | ||
| Q1 25 | $836.2M | $7.5M | ||
| Q4 24 | $816.3M | $9.1M | ||
| Q3 24 | $840.0M | $10.9M | ||
| Q2 24 | $843.4M | $7.3M | ||
| Q1 24 | $841.3M | $3.9M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | $2.0B | $11.2M | ||
| Q2 25 | $2.0B | $11.9M | ||
| Q1 25 | $2.0B | $7.9M | ||
| Q4 24 | $2.0B | $9.8M | ||
| Q3 24 | $2.0B | $11.6M | ||
| Q2 24 | $2.1B | $7.9M | ||
| Q1 24 | $2.2B | $4.8M |
| Q4 25 | — | — | ||
| Q3 25 | 0.28× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.17× | — | ||
| Q1 24 | 0.53× | — |
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 | $-1.4M |
| Free Cash FlowOCF − Capex | $30.3M | $-1.4M |
| FCF MarginFCF / Revenue | 6.2% | -142.5% |
| Capex IntensityCapex / Revenue | 3.4% | 1.8% |
| Cash ConversionOCF / Net Profit | 13.83× | — |
| TTM Free Cash FlowTrailing 4 quarters | $83.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.4M | ||
| Q3 25 | $46.6M | $-1.5M | ||
| Q2 25 | $54.3M | $-2.1M | ||
| Q1 25 | $32.2M | $-2.3M | ||
| Q4 24 | $30.3M | $-1.9M | ||
| Q3 24 | $27.9M | $-1.4M | ||
| Q2 24 | $51.5M | $-1.9M | ||
| Q1 24 | $24.0M | $-1.5M |
| Q4 25 | — | $-1.4M | ||
| Q3 25 | $30.3M | $-1.5M | ||
| Q2 25 | $42.4M | — | ||
| Q1 25 | $12.0M | $-2.4M | ||
| Q4 24 | $-1.7M | $-2.0M | ||
| Q3 24 | $4.1M | — | ||
| Q2 24 | $31.9M | $-1.9M | ||
| Q1 24 | $4.0M | $-1.5M |
| Q4 25 | — | -142.5% | ||
| Q3 25 | 6.2% | -226.3% | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 2.4% | -517.4% | ||
| Q4 24 | -0.4% | -285.2% | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 7.1% | -626.1% | ||
| Q1 24 | 0.8% | -391.1% |
| Q4 25 | — | 1.8% | ||
| Q3 25 | 3.4% | 2.2% | ||
| Q2 25 | 2.4% | 0.0% | ||
| Q1 25 | 4.0% | 8.9% | ||
| Q4 24 | 7.3% | 3.8% | ||
| Q3 24 | 5.3% | 0.0% | ||
| Q2 24 | 4.3% | 1.1% | ||
| Q1 24 | 4.1% | 8.4% |
| Q4 25 | — | — | ||
| Q3 25 | 13.83× | — | ||
| Q2 25 | 6.22× | — | ||
| Q1 25 | 2.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
