National Vision Holdings vs Onewater Marine
National Vision Holdings and Onewater Marine are similar in size: $1.99bn and $1.87bn of revenue in their latest fiscal years. National Vision Holdings grew faster (9.0% against 5.6%). National Vision Holdings kept more of each dollar of sales as profit: a net margin of 1.5% against -6.1%. National Vision Holdings carries less debt relative to equity (28.3% against 146.0%).
| Latest fiscal year | National Vision HoldingsEYE, 2025 | Onewater MarineONEW, 2025 |
|---|---|---|
| Revenue | $1.99bn | $1.87bn |
| Revenue growth | 9.0% | 5.6% |
| Net income | $29.6m | −$115m |
| Operating margin | 3.0% | -4.6% |
| Net margin | 1.5% | -6.1% |
| Return on equity | 3.5% | -35.5% |
| Free cash flow | $73.5m | $79.7m |
| Cash | $38.7m | $64.8m |
| Total debt | $246m | $416m |
| Debt to equity | 28.3% | 146.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $3.2m | $0 |
| Employees | 13,138 | 2,231 |
| Market value | $1.35bn | $172m |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 34 (Weak) | 31 (Weak) |
| Insider trades, 12 months | 1 buys, 3 sales | 5 buys, 20 sales |