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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) and Revolve Group, Inc. (RVLV). 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 $324.4M, roughly 1.5× Revolve Group, Inc.). Revolve Group, Inc. runs the higher net margin — 5.7% vs 0.7%, a 5.0% gap on every dollar of revenue. On growth, Revolve Group, Inc. posted the faster year-over-year revenue change (10.4% vs 7.9%). National Vision Holdings, Inc. produced more free cash flow last quarter ($30.3M vs $-13.3M). Over the past eight quarters, Revolve Group, Inc.'s revenue compounded faster (9.5% 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.
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
EYE vs RVLV — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.3M | $324.4M |
| Net Profit | $3.4M | $18.6M |
| Gross Margin | — | 53.3% |
| Operating Margin | 2.0% | 6.3% |
| Net Margin | 0.7% | 5.7% |
| Revenue YoY | 7.9% | 10.4% |
| Net Profit YoY | 139.8% | 50.4% |
| EPS (diluted) | $0.04 | $0.27 |
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 | — | $324.4M | ||
| Q3 25 | $487.3M | $295.6M | ||
| Q2 25 | $486.4M | $309.0M | ||
| Q1 25 | $510.3M | $296.7M | ||
| Q4 24 | $437.3M | $293.7M | ||
| Q3 24 | $451.5M | $283.1M | ||
| Q2 24 | $451.7M | $282.5M | ||
| Q1 24 | $482.8M | $270.6M |
| Q4 25 | — | $18.6M | ||
| Q3 25 | $3.4M | $21.2M | ||
| Q2 25 | $8.7M | $10.2M | ||
| Q1 25 | $14.2M | $11.8M | ||
| Q4 24 | $-28.6M | $12.3M | ||
| Q3 24 | $-8.5M | $11.0M | ||
| Q2 24 | $-3.1M | $15.4M | ||
| Q1 24 | $11.7M | $10.9M |
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 54.6% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 52.5% | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | 54.0% | ||
| Q1 24 | — | 52.3% |
| Q4 25 | — | 6.3% | ||
| Q3 25 | 2.0% | 7.1% | ||
| Q2 25 | 3.4% | 5.8% | ||
| Q1 25 | 5.1% | 5.0% | ||
| Q4 24 | -5.8% | 3.9% | ||
| Q3 24 | -2.0% | 5.0% | ||
| Q2 24 | 0.1% | 5.8% | ||
| Q1 24 | 4.9% | 3.4% |
| Q4 25 | — | 5.7% | ||
| Q3 25 | 0.7% | 7.2% | ||
| Q2 25 | 1.8% | 3.3% | ||
| Q1 25 | 2.8% | 4.0% | ||
| Q4 24 | -6.5% | 4.2% | ||
| Q3 24 | -1.9% | 3.9% | ||
| Q2 24 | -0.7% | 5.4% | ||
| Q1 24 | 2.4% | 4.0% |
| Q4 25 | — | $0.27 | ||
| Q3 25 | $0.04 | $0.29 | ||
| Q2 25 | $0.11 | $0.14 | ||
| Q1 25 | $0.18 | $0.16 | ||
| Q4 24 | $-0.36 | $0.18 | ||
| Q3 24 | $-0.11 | $0.15 | ||
| Q2 24 | $-0.04 | $0.21 | ||
| Q1 24 | $0.15 | $0.15 |
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 | $292.3M |
| Total DebtLower is stronger | $236.5M | — |
| Stockholders' EquityBook value | $858.8M | $512.5M |
| Total Assets | $2.0B | $765.0M |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $292.3M | ||
| Q3 25 | $56.0M | $315.4M | ||
| Q2 25 | $48.5M | $310.7M | ||
| Q1 25 | $80.0M | $300.8M | ||
| Q4 24 | $73.9M | $256.6M | ||
| Q3 24 | $81.2M | $252.8M | ||
| Q2 24 | $179.5M | $244.7M | ||
| Q1 24 | $150.1M | $273.4M |
| 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 | — | $512.5M | ||
| Q3 25 | $858.8M | $490.2M | ||
| Q2 25 | $850.6M | $468.6M | ||
| Q1 25 | $836.2M | $453.4M | ||
| Q4 24 | $816.3M | $437.8M | ||
| Q3 24 | $840.0M | $420.8M | ||
| Q2 24 | $843.4M | $405.8M | ||
| Q1 24 | $841.3M | $389.9M |
| Q4 25 | — | $765.0M | ||
| Q3 25 | $2.0B | $751.3M | ||
| Q2 25 | $2.0B | $722.9M | ||
| Q1 25 | $2.0B | $713.9M | ||
| Q4 24 | $2.0B | $665.5M | ||
| Q3 24 | $2.0B | $670.9M | ||
| Q2 24 | $2.1B | $657.8M | ||
| Q1 24 | $2.2B | $650.0M |
| 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 | $-10.2M |
| Free Cash FlowOCF − Capex | $30.3M | $-13.3M |
| FCF MarginFCF / Revenue | 6.2% | -4.1% |
| Capex IntensityCapex / Revenue | 3.4% | 1.0% |
| Cash ConversionOCF / Net Profit | 13.83× | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | $83.0M | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-10.2M | ||
| Q3 25 | $46.6M | $11.8M | ||
| Q2 25 | $54.3M | $12.6M | ||
| Q1 25 | $32.2M | $45.1M | ||
| Q4 24 | $30.3M | $3.9M | ||
| Q3 24 | $27.9M | $9.1M | ||
| Q2 24 | $51.5M | $-24.7M | ||
| Q1 24 | $24.0M | $38.4M |
| Q4 25 | — | $-13.3M | ||
| Q3 25 | $30.3M | $7.5M | ||
| Q2 25 | $42.4M | $10.4M | ||
| Q1 25 | $12.0M | $43.4M | ||
| Q4 24 | $-1.7M | $2.1M | ||
| Q3 24 | $4.1M | $8.0M | ||
| Q2 24 | $31.9M | $-25.7M | ||
| Q1 24 | $4.0M | $36.7M |
| Q4 25 | — | -4.1% | ||
| Q3 25 | 6.2% | 2.5% | ||
| Q2 25 | 8.7% | 3.4% | ||
| Q1 25 | 2.4% | 14.6% | ||
| Q4 24 | -0.4% | 0.7% | ||
| Q3 24 | 0.9% | 2.8% | ||
| Q2 24 | 7.1% | -9.1% | ||
| Q1 24 | 0.8% | 13.5% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | 3.4% | 1.5% | ||
| Q2 25 | 2.4% | 0.7% | ||
| Q1 25 | 4.0% | 0.6% | ||
| Q4 24 | 7.3% | 0.6% | ||
| Q3 24 | 5.3% | 0.4% | ||
| Q2 24 | 4.3% | 0.4% | ||
| Q1 24 | 4.1% | 0.6% |
| Q4 25 | — | -0.55× | ||
| Q3 25 | 13.83× | 0.56× | ||
| Q2 25 | 6.22× | 1.24× | ||
| Q1 25 | 2.27× | 3.82× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | -1.60× | ||
| Q1 24 | 2.05× | 3.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EYE
Segment breakdown not available.
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
