Nomad Foods Ltd key statistics and ratios

In fiscal 2025, Nomad Foods Ltd had return on equity of 5.4%, an operating margin of 10.7%, debt equal to 91.8% of equity and a current ratio of 1.07. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Nomad Foods Ltd: financial ratios, annual
Fiscal year	2015Mar 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	—	29.6%	30.6%	30.1%	30.0%	30.3%	28.6%	27.7%	28.2%	29.6%	27.1%
Operating margin	—	7.2%	12.4%	13.0%	12.2%	14.3%	13.1%	12.8%	11.2%	12.5%	10.7%
Net margin	—	1.9%	7.0%	7.9%	6.6%	9.0%	6.9%	8.5%	6.3%	7.3%	4.5%
Free-cash-flow margin	—	12.7%	7.7%	12.9%	11.5%	15.8%	8.7%	7.6%	11.4%	11.5%	8.3%
Return on equity	−72.0%	3.5%	7.3%	8.8%	6.6%	9.4%	8.2%	9.8%	7.4%	8.7%	5.4%
Return on assets	—	0.8%	2.9%	3.5%	2.7%	3.8%	3.1%	3.8%	3.0%	3.6%	2.2%
Asset turnover	—	0.43	0.42	0.44	0.41	0.43	0.45	0.45	0.47	0.49	0.49
Current ratio	—	1.16	1.07	1.12	1.73	1.06	0.96	1.19	1.13	1.10	1.07
Debt to equity	—	76.3%	75.5%	85.6%	73.3%	82.7%	96.9%	83.1%	82.4%	81.8%	91.8%
Interest cover (operating income ÷ interest)	—	2.0x	4.5x	4.4x	3.6x	5.6x	5.7x	4.7x	2.7x	3.1x	3.0x
Effective tax rate	—	52.1%	19.0%	24.9%	27.0%	23.8%	23.5%	22.2%	24.0%	18.3%	5.9%
R&D as % of revenue	—	0.7%	0.8%	0.7%	0.8%	0.7%	0.7%	0.7%	0.7%	0.7%	0.8%
Capital spending as % of revenue	—	2.0%	2.2%	1.9%	2.0%	2.3%	3.0%	2.7%	2.7%	2.6%	2.6%
Free cash flow ÷ net income	—	670.6%	110.8%	163.4%	174.1%	176.9%	125.5%	90.0%	180.8%	156.4%	184.5%
Dividends ÷ net income	—	—	—	—	—	—	—	0.0%	0.0%	39.3%	66.8%
Dividends and buybacks ÷ free cash flow	—	0.0%	117.5%	0.0%	0.0%	152.8%	34.2%	11.9%	49.1%	58.5%	113.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 6 checks passed · December 31, 2025

What it owns · $7.4bn

Short-term assets $1.3bnLonger-term assets $6.1bn

What it owes, and who funded it · $7.4bn

Short-term liabilities $1.3bnLonger-term liabilities $3.3bnShareholders' equity $2.9bn

Short-term assets cover short-term liabilities $1.3bn of assets due within a year against $1.3bn of liabilities due within a year.
Short-term assets cover long-term liabilities $1.3bn short-term assets against $3.3bn of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Debt is 92% of equity.
Debt burden no higher than five years ago Debt to equity moved from 82% to 92% over five years.
A year's operating cash flow covers at least 20% of debt $374m of operating cash flow against $2.7bn of debt.
Operating profit covers interest at least five times over Operating income of $368m against $123m of interest.

From Nomad Foods Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Nomad Foods Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Nomad Foods Ltd.