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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) and Root, Inc. (ROOT). 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 $397.0M, roughly 1.2× Root, Inc.). On growth, Root, Inc. posted the faster year-over-year revenue change (21.5% vs 7.9%). Over the past eight quarters, Root, Inc.'s revenue compounded faster (24.8% 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.

Root Insurance Company is an online car insurance company operating in the United States.

EYE vs ROOT — Head-to-Head

Bigger by revenue
EYE
EYE
1.2× larger
EYE
$487.3M
$397.0M
ROOT
Growing faster (revenue YoY)
ROOT
ROOT
+13.6% gap
ROOT
21.5%
7.9%
EYE
Faster 2-yr revenue CAGR
ROOT
ROOT
Annualised
ROOT
24.8%
7.6%
EYE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
EYE
EYE
ROOT
ROOT
Revenue
$487.3M
$397.0M
Net Profit
$3.4M
Gross Margin
Operating Margin
2.0%
2.6%
Net Margin
0.7%
Revenue YoY
7.9%
21.5%
Net Profit YoY
139.8%
EPS (diluted)
$0.04
$0.35

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.

Revenue
EYE
EYE
ROOT
ROOT
Q4 25
$397.0M
Q3 25
$487.3M
$387.8M
Q2 25
$486.4M
$382.9M
Q1 25
$510.3M
$349.4M
Q4 24
$437.3M
$326.7M
Q3 24
$451.5M
$305.7M
Q2 24
$451.7M
$289.2M
Q1 24
$482.8M
$254.9M
Net Profit
EYE
EYE
ROOT
ROOT
Q4 25
Q3 25
$3.4M
$-5.4M
Q2 25
$8.7M
$22.0M
Q1 25
$14.2M
$18.4M
Q4 24
$-28.6M
Q3 24
$-8.5M
$22.8M
Q2 24
$-3.1M
$-7.8M
Q1 24
$11.7M
$-6.2M
Operating Margin
EYE
EYE
ROOT
ROOT
Q4 25
2.6%
Q3 25
2.0%
0.1%
Q2 25
3.4%
7.1%
Q1 25
5.1%
6.8%
Q4 24
-5.8%
10.7%
Q3 24
-2.0%
11.3%
Q2 24
0.1%
1.3%
Q1 24
4.9%
2.1%
Net Margin
EYE
EYE
ROOT
ROOT
Q4 25
Q3 25
0.7%
-1.4%
Q2 25
1.8%
5.7%
Q1 25
2.8%
5.3%
Q4 24
-6.5%
Q3 24
-1.9%
7.5%
Q2 24
-0.7%
-2.7%
Q1 24
2.4%
-2.4%
EPS (diluted)
EYE
EYE
ROOT
ROOT
Q4 25
$0.35
Q3 25
$0.04
$-0.35
Q2 25
$0.11
$1.29
Q1 25
$0.18
$1.07
Q4 24
$-0.36
$1.42
Q3 24
$-0.11
$1.35
Q2 24
$-0.04
$-0.52
Q1 24
$0.15
$-0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EYE
EYE
ROOT
ROOT
Cash + ST InvestmentsLiquidity on hand
$56.0M
$669.3M
Total DebtLower is stronger
$236.5M
$200.3M
Stockholders' EquityBook value
$858.8M
$284.3M
Total Assets
$2.0B
$1.7B
Debt / EquityLower = less leverage
0.28×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EYE
EYE
ROOT
ROOT
Q4 25
$669.3M
Q3 25
$56.0M
$653.3M
Q2 25
$48.5M
$641.4M
Q1 25
$80.0M
$609.4M
Q4 24
$73.9M
$599.3M
Q3 24
$81.2M
$674.8M
Q2 24
$179.5M
$667.2M
Q1 24
$150.1M
$640.5M
Total Debt
EYE
EYE
ROOT
ROOT
Q4 25
$200.3M
Q3 25
$236.5M
$200.4M
Q2 25
$255.6M
$200.1M
Q1 25
$244.7M
$200.0M
Q4 24
$248.6M
$200.1M
Q3 24
$252.8M
$300.9M
Q2 24
$143.9M
$300.1M
Q1 24
$448.6M
$299.3M
Stockholders' Equity
EYE
EYE
ROOT
ROOT
Q4 25
$284.3M
Q3 25
$858.8M
$265.0M
Q2 25
$850.6M
$244.5M
Q1 25
$836.2M
$228.7M
Q4 24
$816.3M
$203.7M
Q3 24
$840.0M
$181.9M
Q2 24
$843.4M
$151.3M
Q1 24
$841.3M
$165.7M
Total Assets
EYE
EYE
ROOT
ROOT
Q4 25
$1.7B
Q3 25
$2.0B
$1.6B
Q2 25
$2.0B
$1.6B
Q1 25
$2.0B
$1.6B
Q4 24
$2.0B
$1.5B
Q3 24
$2.0B
$1.6B
Q2 24
$2.1B
$1.5B
Q1 24
$2.2B
$1.4B
Debt / Equity
EYE
EYE
ROOT
ROOT
Q4 25
0.70×
Q3 25
0.28×
0.76×
Q2 25
0.30×
0.82×
Q1 25
0.29×
0.87×
Q4 24
0.30×
0.98×
Q3 24
0.30×
1.65×
Q2 24
0.17×
1.98×
Q1 24
0.53×
1.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EYE
EYE
ROOT
ROOT
Operating Cash FlowLast quarter
$46.6M
$206.5M
Free Cash FlowOCF − Capex
$30.3M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
3.4%
0.0%
Cash ConversionOCF / Net Profit
13.83×
TTM Free Cash FlowTrailing 4 quarters
$83.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EYE
EYE
ROOT
ROOT
Q4 25
$206.5M
Q3 25
$46.6M
$57.6M
Q2 25
$54.3M
$52.0M
Q1 25
$32.2M
$26.8M
Q4 24
$30.3M
$195.7M
Q3 24
$27.9M
$49.4M
Q2 24
$51.5M
$62.6M
Q1 24
$24.0M
$14.5M
Free Cash Flow
EYE
EYE
ROOT
ROOT
Q4 25
Q3 25
$30.3M
Q2 25
$42.4M
Q1 25
$12.0M
Q4 24
$-1.7M
$195.3M
Q3 24
$4.1M
Q2 24
$31.9M
$62.4M
Q1 24
$4.0M
$14.3M
FCF Margin
EYE
EYE
ROOT
ROOT
Q4 25
Q3 25
6.2%
Q2 25
8.7%
Q1 25
2.4%
Q4 24
-0.4%
59.8%
Q3 24
0.9%
Q2 24
7.1%
21.6%
Q1 24
0.8%
5.6%
Capex Intensity
EYE
EYE
ROOT
ROOT
Q4 25
0.0%
Q3 25
3.4%
0.0%
Q2 25
2.4%
0.0%
Q1 25
4.0%
0.0%
Q4 24
7.3%
0.1%
Q3 24
5.3%
0.0%
Q2 24
4.3%
0.1%
Q1 24
4.1%
0.1%
Cash Conversion
EYE
EYE
ROOT
ROOT
Q4 25
Q3 25
13.83×
Q2 25
6.22×
2.36×
Q1 25
2.27×
1.46×
Q4 24
Q3 24
2.17×
Q2 24
Q1 24
2.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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