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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) and Simply Good Foods Co (SMPL). 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 $340.2M, roughly 1.4× Simply Good Foods Co). Simply Good Foods Co runs the higher net margin — 7.4% vs 0.7%, a 6.7% gap on every dollar of revenue. On growth, National Vision Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -0.3%). Simply Good Foods Co produced more free cash flow last quarter ($48.0M vs $30.3M). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% CAGR vs 3.0%).

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.

Whole Foods Market, Inc. is an American multinational supermarket chain headquartered in Austin, Texas, owned wholly by Amazon, and which generally sells whole food products free from hydrogenated fats and artificial colors, flavors, and preservatives. A USDA Certified Organic grocer in the United States, the chain is popularly known for its organic selections.

EYE vs SMPL — Head-to-Head

Bigger by revenue
EYE
EYE
1.4× larger
EYE
$487.3M
$340.2M
SMPL
Growing faster (revenue YoY)
EYE
EYE
+8.2% gap
EYE
7.9%
-0.3%
SMPL
Higher net margin
SMPL
SMPL
6.7% more per $
SMPL
7.4%
0.7%
EYE
More free cash flow
SMPL
SMPL
$17.7M more FCF
SMPL
$48.0M
$30.3M
EYE
Faster 2-yr revenue CAGR
EYE
EYE
Annualised
EYE
7.6%
3.0%
SMPL

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
EYE
EYE
SMPL
SMPL
Revenue
$487.3M
$340.2M
Net Profit
$3.4M
$25.3M
Gross Margin
32.3%
Operating Margin
2.0%
11.0%
Net Margin
0.7%
7.4%
Revenue YoY
7.9%
-0.3%
Net Profit YoY
139.8%
-33.7%
EPS (diluted)
$0.04
$0.26

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
SMPL
SMPL
Q4 25
$340.2M
Q3 25
$487.3M
Q2 25
$486.4M
$381.0M
Q1 25
$510.3M
Q4 24
$437.3M
$341.3M
Q3 24
$451.5M
$375.7M
Q2 24
$451.7M
$334.8M
Q1 24
$482.8M
$312.2M
Net Profit
EYE
EYE
SMPL
SMPL
Q4 25
$25.3M
Q3 25
$3.4M
Q2 25
$8.7M
$41.1M
Q1 25
$14.2M
Q4 24
$-28.6M
$38.1M
Q3 24
$-8.5M
$29.3M
Q2 24
$-3.1M
$41.3M
Q1 24
$11.7M
$33.1M
Gross Margin
EYE
EYE
SMPL
SMPL
Q4 25
32.3%
Q3 25
Q2 25
36.4%
Q1 25
Q4 24
38.2%
Q3 24
38.8%
Q2 24
39.9%
Q1 24
37.4%
Operating Margin
EYE
EYE
SMPL
SMPL
Q4 25
11.0%
Q3 25
2.0%
Q2 25
3.4%
15.6%
Q1 25
5.1%
Q4 24
-5.8%
16.0%
Q3 24
-2.0%
12.7%
Q2 24
0.1%
17.6%
Q1 24
4.9%
15.4%
Net Margin
EYE
EYE
SMPL
SMPL
Q4 25
7.4%
Q3 25
0.7%
Q2 25
1.8%
10.8%
Q1 25
2.8%
Q4 24
-6.5%
11.2%
Q3 24
-1.9%
7.8%
Q2 24
-0.7%
12.3%
Q1 24
2.4%
10.6%
EPS (diluted)
EYE
EYE
SMPL
SMPL
Q4 25
$0.26
Q3 25
$0.04
Q2 25
$0.11
$0.40
Q1 25
$0.18
Q4 24
$-0.36
$0.38
Q3 24
$-0.11
$0.29
Q2 24
$-0.04
$0.41
Q1 24
$0.15
$0.33

Balance Sheet & Financial Strength

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

Metric
EYE
EYE
SMPL
SMPL
Cash + ST InvestmentsLiquidity on hand
$56.0M
$194.1M
Total DebtLower is stronger
$236.5M
Stockholders' EquityBook value
$858.8M
$1.7B
Total Assets
$2.0B
$2.5B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EYE
EYE
SMPL
SMPL
Q4 25
$194.1M
Q3 25
$56.0M
Q2 25
$48.5M
$98.0M
Q1 25
$80.0M
Q4 24
$73.9M
$121.8M
Q3 24
$81.2M
$132.5M
Q2 24
$179.5M
$208.7M
Q1 24
$150.1M
$135.9M
Total Debt
EYE
EYE
SMPL
SMPL
Q4 25
Q3 25
$236.5M
Q2 25
$255.6M
Q1 25
$244.7M
Q4 24
$248.6M
Q3 24
$252.8M
$397.5M
Q2 24
$143.9M
$237.7M
Q1 24
$448.6M
$237.7M
Stockholders' Equity
EYE
EYE
SMPL
SMPL
Q4 25
$1.7B
Q3 25
$858.8M
Q2 25
$850.6M
$1.8B
Q1 25
$836.2M
Q4 24
$816.3M
$1.8B
Q3 24
$840.0M
$1.7B
Q2 24
$843.4M
$1.7B
Q1 24
$841.3M
$1.6B
Total Assets
EYE
EYE
SMPL
SMPL
Q4 25
$2.5B
Q3 25
$2.0B
Q2 25
$2.0B
$2.4B
Q1 25
$2.0B
Q4 24
$2.0B
$2.4B
Q3 24
$2.0B
$2.4B
Q2 24
$2.1B
$2.2B
Q1 24
$2.2B
$2.1B
Debt / Equity
EYE
EYE
SMPL
SMPL
Q4 25
Q3 25
0.28×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.30×
Q3 24
0.30×
0.23×
Q2 24
0.17×
0.14×
Q1 24
0.53×
0.14×

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
SMPL
SMPL
Operating Cash FlowLast quarter
$46.6M
$50.1M
Free Cash FlowOCF − Capex
$30.3M
$48.0M
FCF MarginFCF / Revenue
6.2%
14.1%
Capex IntensityCapex / Revenue
3.4%
0.6%
Cash ConversionOCF / Net Profit
13.83×
1.98×
TTM Free Cash FlowTrailing 4 quarters
$83.0M
$223.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EYE
EYE
SMPL
SMPL
Q4 25
$50.1M
Q3 25
$46.6M
Q2 25
$54.3M
$101.1M
Q1 25
$32.2M
Q4 24
$30.3M
$32.0M
Q3 24
$27.9M
$48.9M
Q2 24
$51.5M
$72.8M
Q1 24
$24.0M
$46.5M
Free Cash Flow
EYE
EYE
SMPL
SMPL
Q4 25
$48.0M
Q3 25
$30.3M
Q2 25
$42.4M
$98.9M
Q1 25
$12.0M
Q4 24
$-1.7M
$31.7M
Q3 24
$4.1M
$45.0M
Q2 24
$31.9M
$72.0M
Q1 24
$4.0M
$46.1M
FCF Margin
EYE
EYE
SMPL
SMPL
Q4 25
14.1%
Q3 25
6.2%
Q2 25
8.7%
25.9%
Q1 25
2.4%
Q4 24
-0.4%
9.3%
Q3 24
0.9%
12.0%
Q2 24
7.1%
21.5%
Q1 24
0.8%
14.8%
Capex Intensity
EYE
EYE
SMPL
SMPL
Q4 25
0.6%
Q3 25
3.4%
Q2 25
2.4%
0.6%
Q1 25
4.0%
Q4 24
7.3%
0.1%
Q3 24
5.3%
1.0%
Q2 24
4.3%
0.2%
Q1 24
4.1%
0.1%
Cash Conversion
EYE
EYE
SMPL
SMPL
Q4 25
1.98×
Q3 25
13.83×
Q2 25
6.22×
2.46×
Q1 25
2.27×
Q4 24
0.84×
Q3 24
1.67×
Q2 24
1.76×
Q1 24
2.05×
1.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EYE
EYE

Segment breakdown not available.

SMPL
SMPL

Quest$211.4M62%
Atkins Domain$79.7M23%
OWYN$28.1M8%
Other$20.9M6%

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