Nathan's Famous (NATH) Financials

$93.98 +0.24 (+0.26%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$93.69 -0.29 (-0.31%)

As of 04/17/2025 05:43 PM Eastern

Annual Income Statements for Nathan's Famous

This table shows Nathan's Famous' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	14	20	20
Consolidated Net Income / (Loss)	14	20	20
Net Income / (Loss) Continuing Operations	14	20	20
Total Pre-Tax Income	19	27	27
Total Operating Income	30	34	33
Total Gross Profit	50	56	55
Total Revenue	115	131	139
Operating Revenue	115	131	139
Total Cost of Revenue	65	75	83
Operating Cost of Revenue	65	75	83
Total Operating Expenses	20	21	23
Selling, General & Admin Expense	17	18	20
Marketing Expense	2.00	1.99	2.00
Depreciation Expense	1.05	1.14	1.14
Total Other Income / (Expense), net	-11	-7.64	-5.06
Interest Expense	11	8.10	5.52
Interest & Investment Income	0.11	0.44	0.38
Other Income / (Expense), net	0.05	0.02	0.09
Income Tax Expense	4.94	7.18	7.84
Basic Earnings per Share	$3.30	$4.80	$4.81
Weighted Average Basic Shares Outstanding	4.12M	4.09M	4.08M
Diluted Earnings per Share	$3.30	$4.80	$4.80
Weighted Average Diluted Shares Outstanding	4.12M	4.09M	4.09M
Weighted Average Basic & Diluted Shares Outstanding	4.12M	4.08M	4.08M
Cash Dividends to Common per Share	$1.50	$1.85	$2.00

This table shows Nathan's Famous' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	2.16	7.14	5.71	3.26	3.51	7.39	5.71	2.61	9.28	6.03	4.48
Consolidated Net Income / (Loss)	2.16	7.14	5.71	3.26	3.51	7.39	5.71	2.61	9.28	6.03	4.48
Net Income / (Loss) Continuing Operations	2.16	7.14	5.71	3.26	3.51	7.39	5.71	2.61	9.28	6.03	4.48
Total Pre-Tax Income	2.62	9.88	7.86	4.49	4.57	10	7.86	3.74	13	8.10	6.06
Total Operating Income	6.11	12	9.10	6.33	7.23	11	9.10	5.14	14	9.63	6.75
Total Gross Profit	11	17	15	11	13	17	15	11	20	15	12
Total Revenue	25	40	39	26	26	42	39	29	45	41	32
Operating Revenue	25	40	39	26	26	42	39	29	45	41	32
Total Cost of Revenue	14	23	24	15	13	25	24	18	25	26	20
Operating Cost of Revenue	14	23	24	15	13	25	24	18	25	26	20
Total Operating Expenses	5.04	5.27	5.45	4.90	5.55	5.84	5.45	5.88	5.78	5.45	5.20
Selling, General & Admin Expense	4.23	4.62	4.57	4.09	4.76	5.10	4.57	5.11	5.10	4.64	4.44
Marketing Expense	0.56	0.42	0.57	0.50	0.50	0.42	0.57	0.51	0.43	0.56	0.52
Depreciation Expense	0.25	0.23	0.32	0.30	0.28	0.31	0.32	0.27	0.25	0.25	0.24
Total Other Income / (Expense), net	-3.49	-1.90	-1.24	-1.85	-2.66	-1.33	-1.24	-1.40	-0.96	-1.53	-0.69
Interest Expense	3.54	1.94	1.41	1.94	2.80	1.41	1.41	1.56	1.06	1.78	0.90
Interest & Investment Income	0.02	0.02	0.15	0.16	0.11	0.06	0.15	0.14	0.08	0.22	0.18
Other Income / (Expense), net	0.03	0.02	0.02	-0.06	0.03	0.02	0.02	0.02	0.02	0.02	0.02
Income Tax Expense	0.46	2.74	2.15	1.22	1.06	2.74	2.15	1.13	3.51	2.07	1.58
Basic Earnings per Share	$0.52	$1.74	$1.40	$0.80	$0.86	$1.81	$1.40	$0.64	$2.27	$1.48	$1.10
Weighted Average Basic Shares Outstanding	4.12M	4.11M	4.08M	4.08M	4.09M	4.08M	4.08M	4.08M	4.09M	4.09M	4.09M
Diluted Earnings per Share	$0.52	$1.74	$1.40	$0.79	$0.87	$1.81	$1.40	$0.64	$2.27	$1.47	$1.10
Weighted Average Diluted Shares Outstanding	4.12M	4.11M	4.09M	4.12M	4.09M	4.09M	4.09M	4.08M	4.09M	4.10M	4.09M
Weighted Average Basic & Diluted Shares Outstanding	4.12M	4.08M	4.08M	4.08M	4.08M	-	-	4.08M	4.08M	4.08M	4.09M
Cash Dividends to Common per Share	$0.45	$0.45	$0.50	$0.45	$0.45	$0.50	$0.50	$0.50	$0.50	$0.50	$0.50

This table details how cash moves in and out of Nathan's Famous' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-31	-20	-8.83
Net Cash From Operating Activities	16	20	20
Net Cash From Continuing Operating Activities	16	20	20
Net Income / (Loss) Continuing Operations	14	20	20
Consolidated Net Income / (Loss)	14	20	20
Depreciation Expense	1.05	1.14	1.14
Amortization Expense	0.66	0.51	0.35
Non-Cash Adjustments To Reconcile Net Income	1.48	1.01	0.91
Changes in Operating Assets and Liabilities, net	-0.31	-2.44	-2.01
Net Cash From Investing Activities	-0.64	-0.58	-0.31
Net Cash From Continuing Investing Activities	-0.64	-0.58	-0.31
Purchase of Property, Plant & Equipment	-0.64	-0.63	-0.31
Sale of Property, Plant & Equipment	0.00	0.04	0.00
Net Cash From Financing Activities	-47	-39	-29
Net Cash From Continuing Financing Activities	-47	-39	-29
Repayment of Debt	-41	-30	-20
Repurchase of Common Equity	0.00	-1.89	0.00
Payment of Dividends	-6.17	-7.56	-8.16
Other Financing Activities, net	-0.01	0.00	-0.36
Cash Interest Paid	11	8.06	5.48
Cash Income Taxes Paid	4.98	7.16	8.31

This table details how cash moves in and out of Nathan's Famous' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	2.08	1.72	1.60	-26	2.08	5.04	-20	4.30	4.95	5.23	-7.50
Net Cash From Operating Activities	2.15	7.62	3.56	6.51	2.15	9.22	2.23	6.41	4.99	9.83	3.62
Net Cash From Continuing Operating Activities	2.15	7.65	3.53	6.51	2.15	9.22	2.23	6.41	4.99	9.83	3.62
Net Income / (Loss) Continuing Operations	7.39	5.71	3.26	3.27	7.39	5.71	2.61	3.91	9.28	6.03	4.48
Consolidated Net Income / (Loss)	7.39	5.71	3.26	3.27	7.39	5.71	2.61	3.91	9.28	6.03	4.48
Depreciation Expense	0.31	0.22	0.30	0.30	0.31	0.32	0.27	0.24	0.25	0.25	0.24
Amortization Expense	0.09	0.16	0.13	0.13	0.09	0.09	0.09	0.07	0.07	0.05	0.02
Non-Cash Adjustments To Reconcile Net Income	0.19	-0.20	0.18	0.84	0.19	0.10	0.39	0.23	0.19	0.49	0.35
Changes in Operating Assets and Liabilities, net	-5.83	1.76	-0.35	1.98	-5.83	3.00	-1.12	1.95	-4.79	3.01	-1.46
Net Cash From Investing Activities	-0.07	-0.33	-0.12	-0.06	-0.07	-0.10	-0.07	-0.07	-0.04	-0.09	-0.04
Net Cash From Continuing Investing Activities	-0.07	-0.33	-0.12	-0.06	-0.07	-0.10	-0.07	-0.07	-0.04	-0.09	-0.04
Purchase of Property, Plant & Equipment	-0.07	-0.37	-0.12	-0.06	-0.07	-0.10	-0.07	-0.07	-0.04	-0.09	-0.04
Net Cash From Financing Activities	0.00	-5.58	-1.84	-32	0.00	-4.08	-22	-2.04	0.00	-4.52	-11
Net Cash From Continuing Financing Activities	0.00	-5.58	-1.84	-32	0.00	-4.08	-22	-2.04	0.00	-4.52	-11
Repayment of Debt	-	-	-	-30	-	-	-20	-	-	-	-8.60
Payment of Dividends	0.00	-	-	-2.04	-	-	-2.04	-2.04	-	-	-2.04
Cash Interest Paid	2.65	0.99	3.64	0.77	2.65	-	2.83	-	1.99	1.14	1.60
Cash Income Taxes Paid	0.08	3.50	1.47	2.12	0.08	4.18	1.88	2.16	0.14	4.31	1.82

This table presents Nathan's Famous' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	79	59	49
Total Current Assets	65	47	39
Cash & Equivalents	50	30	21
Accounts Receivable	13	15	15
Inventories, net	0.52	0.54	0.84
Prepaid Expenses	1.44	1.90	2.18
Plant, Property, & Equipment, net	3.79	3.32	2.67
Total Noncurrent Assets	9.33	7.93	7.41
Goodwill	0.10	0.10	0.10
Intangible Assets	1.04	0.87	0.70
Noncurrent Deferred & Refundable Income Taxes	0.58	0.38	0.28
Other Noncurrent Operating Assets	7.61	6.59	6.34
Total Liabilities & Shareholders' Equity	79	59	49
Total Liabilities	134	103	82
Total Current Liabilities	16	17	16
Short-Term Debt	-	-	0.00
Accounts Payable	6.38	6.46	5.74
Accrued Expenses	7.83	8.13	7.62
Current Deferred Revenue	0.35	0.34	0.33
Other Current Liabilities	1.85	1.78	1.89
Total Noncurrent Liabilities	117	86	66
Long-Term Debt	108	79	60
Other Noncurrent Operating Liabilities	8.91	7.42	6.65
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-55	-45	-33
Total Preferred & Common Equity	-55	-45	-33
Total Common Equity	-55	-45	-33
Common Stock	62	63	63
Retained Earnings	-33	-21	-9.29
Treasury Stock	-85	-87	-87

This table presents Nathan's Famous' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	66	66	82	43	59	58	49
Total Current Assets	55	55	70	32	49	49	40
Cash & Equivalents	32	37	55	17	26	31	24
Accounts Receivable	21	16	13	14	20	16	15
Inventories, net	0.76	0.92	0.34	0.55	0.93	1.01	0.59
Prepaid Expenses	1.36	0.85	1.11	1.59	1.60	0.81	1.11
Plant, Property, & Equipment, net	3.12	2.95	3.51	2.80	2.54	2.39	2.24
Total Noncurrent Assets	7.67	8.14	8.37	7.64	7.01	6.62	6.33
Goodwill	0.10	0.10	0.10	0.10	0.10	0.10	0.10
Intangible Assets	0.83	0.78	0.91	0.74	0.65	0.61	0.57
Noncurrent Deferred & Refundable Income Taxes	0.49	0.47	0.58	0.27	0.28	0.30	0.33
Other Noncurrent Operating Assets	6.27	6.79	6.78	6.54	5.99	5.62	5.34
Total Liabilities & Shareholders' Equity	66	66	82	43	59	58	49
Total Liabilities	105	101	128	78	84	79	68
Total Current Liabilities	19	14	12	11	18	16	14
Short-Term Debt	-	-	-	-	-	2.40	2.40
Accounts Payable	7.81	5.61	3.85	4.68	7.05	6.40	4.68
Accrued Expenses	8.98	6.64	5.51	4.52	8.95	5.05	4.35
Current Deferred Revenue	0.34	0.34	0.34	0.34	0.32	0.32	0.31
Other Current Liabilities	1.74	1.88	1.83	1.88	1.90	1.91	1.92
Total Noncurrent Liabilities	86	87	116	66	66	63	54
Long-Term Debt	79	79	109	59	60	57	49
Other Noncurrent Operating Liabilities	7.04	7.27	7.70	6.98	6.18	5.73	5.40
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-39	-35	-46	-35	-26	-21	-19
Total Preferred & Common Equity	-39	-35	-46	-35	-26	-21	-19
Total Common Equity	-39	-35	-46	-35	-26	-21	-19
Common Stock	63	63	62	63	63	63	63
Retained Earnings	-15	-12	-22	-11	-2.06	1.93	4.37
Treasury Stock	-87	-87	-87	-87	-87	-87	-87

This table displays calculated financial ratios and metrics derived from Nathan's Famous' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	51.48%	13.84%	5.98%
EBITDA Growth	15.28%	14.15%	-5.63%
EBIT Growth	17.03%	15.20%	-5.43%
NOPAT Growth	18.79%	15.12%	-7.89%
Net Income Growth	22.76%	44.33%	-0.04%
EPS Growth	22.68%	45.45%	0.00%
Operating Cash Flow Growth	40.04%	20.39%	0.83%
Free Cash Flow Firm Growth	24.13%	7.54%	-6.25%
Invested Capital Growth	-4.77%	47.67%	21.34%
Revenue Q/Q Growth	5.99%	1.08%	0.00%
EBITDA Q/Q Growth	2.00%	3.32%	0.00%
EBIT Q/Q Growth	2.35%	3.37%	0.00%
NOPAT Q/Q Growth	4.35%	2.93%	0.00%
Net Income Q/Q Growth	0.72%	7.41%	0.00%
EPS Q/Q Growth	0.61%	7.87%	0.00%
Operating Cash Flow Q/Q Growth	3.29%	-0.37%	-0.51%
Free Cash Flow Firm Q/Q Growth	0.09%	2.11%	0.00%
Invested Capital Q/Q Growth	-46.73%	-35.27%	0.00%
Profitability Metrics	-	-	-
Gross Margin	43.28%	42.52%	39.99%
EBITDA Margin	27.53%	27.61%	24.58%
Operating Margin	25.99%	26.34%	23.45%
EBIT Margin	26.04%	26.35%	23.51%
Profit (Net Income) Margin	11.83%	15.00%	14.15%
Tax Burden Percent	73.35%	73.21%	71.46%
Interest Burden Percent	61.96%	77.78%	84.23%
Effective Tax Rate	26.65%	26.79%	28.54%
Return on Invested Capital (ROIC)	682.27%	650.17%	453.81%
ROIC Less NNEP Spread (ROIC-NNEP)	668.86%	639.75%	445.57%
Return on Net Nonoperating Assets (RNNOA)	-705.42%	-689.60%	-504.44%
Return on Equity (ROE)	-23.15%	-39.42%	-50.63%
Cash Return on Invested Capital (CROIC)	687.16%	611.68%	434.53%
Operating Return on Assets (OROA)	31.94%	50.26%	60.65%
Return on Assets (ROA)	14.52%	28.62%	36.51%
Return on Common Equity (ROCE)	-23.15%	-39.42%	-50.63%
Return on Equity Simple (ROE_SIMPLE)	-24.73%	-44.04%	-59.58%
Net Operating Profit after Tax (NOPAT)	22	25	23
NOPAT Margin	19.07%	19.28%	16.76%
Net Nonoperating Expense Percent (NNEP)	13.41%	10.43%	8.24%
Cost of Revenue to Revenue	56.72%	57.48%	60.01%
SG&A Expenses to Revenue	14.63%	13.80%	14.28%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.28%	16.19%	16.54%
Earnings before Interest and Taxes (EBIT)	30	34	33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	32	36	34
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.84	2.17	2.06
Price to Earnings (P/E)	15.51	14.46	14.54
Dividend Yield	2.93%	2.66%	2.86%
Earnings Yield	6.45%	6.91%	6.88%
Enterprise Value to Invested Capital (EV/IC)	85.86	72.00	57.69
Enterprise Value to Revenue (EV/Rev)	2.34	2.55	2.34
Enterprise Value to EBITDA (EV/EBITDA)	8.50	9.22	9.50
Enterprise Value to EBIT (EV/EBIT)	8.99	9.66	9.93
Enterprise Value to NOPAT (EV/NOPAT)	12.28	13.21	13.94
Enterprise Value to Operating Cash Flow (EV/OCF)	16.32	16.79	16.19
Enterprise Value to Free Cash Flow (EV/FCFF)	12.19	14.04	14.56
Leverage & Solvency	-	-	-
Debt to Equity	-1.97	-1.77	-1.81
Long-Term Debt to Equity	-1.97	-1.77	-1.81
Financial Leverage	-1.05	-1.08	-1.13
Leverage Ratio	-1.59	-1.38	-1.39
Compound Leverage Factor	-0.99	-1.07	-1.17
Debt to Total Capital	203.37%	229.22%	223.59%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	203.37%	229.22%	223.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	-103.37%	-129.22%	-123.59%
Debt to EBITDA	3.42	2.19	1.75
Net Debt to EBITDA	1.84	1.36	1.13
Long-Term Debt to EBITDA	3.42	2.19	1.75
Debt to NOPAT	4.94	3.13	2.56
Net Debt to NOPAT	2.65	1.95	1.66
Long-Term Debt to NOPAT	4.94	3.13	2.56
Altman Z-Score	3.84	5.96	7.43
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.98	2.83	2.49
Quick Ratio	3.87	2.69	2.30
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	22	24	22
Operating Cash Flow to CapEx	2,590.72%	3,396.75%	6,390.42%
Free Cash Flow to Firm to Interest Expense	1.92	2.93	4.03
Operating Cash Flow to Interest Expense	1.43	2.45	3.62
Operating Cash Flow Less CapEx to Interest Expense	1.38	2.38	3.56
Efficiency Ratios	-	-	-
Asset Turnover	1.23	1.91	2.58
Accounts Receivable Turnover	9.18	9.20	9.30
Inventory Turnover	113.72	141.70	120.47
Fixed Asset Turnover	29.18	36.81	46.25
Accounts Payable Turnover	12.51	11.71	13.63
Days Sales Outstanding (DSO)	39.76	39.69	39.23
Days Inventory Outstanding (DIO)	3.21	2.58	3.03
Days Payable Outstanding (DPO)	29.19	31.18	26.78
Cash Conversion Cycle (CCC)	13.78	11.08	15.48
Capital & Investment Metrics	-	-	-
Invested Capital	3.13	4.63	5.61
Invested Capital Turnover	35.78	33.72	27.08
Increase / (Decrease) in Invested Capital	-0.16	1.49	0.99
Enterprise Value (EV)	269	333	324
Market Capitalization	211	284	285
Book Value per Share	($13.36)	($10.92)	($8.06)
Tangible Book Value per Share	($13.64)	($11.16)	($8.25)
Total Capital	53	34	27
Total Debt	108	79	60
Total Long-Term Debt	108	79	60
Net Debt	58	49	39
Capital Expenditures (CapEx)	0.64	0.58	0.31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.08	0.79	2.18
Debt-free Net Working Capital (DFNWC)	49	31	23
Net Working Capital (NWC)	49	31	23
Net Nonoperating Expense (NNE)	8.31	5.59	3.61
Net Nonoperating Obligations (NNO)	58	49	39
Total Depreciation and Amortization (D&A)	1.71	1.64	1.48
Debt-free, Cash-free Net Working Capital to Revenue	-0.94%	0.60%	1.57%
Debt-free Net Working Capital to Revenue	42.64%	23.44%	16.74%
Net Working Capital to Revenue	42.64%	23.44%	16.74%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$3.30	$4.80	$4.81
Adjusted Weighted Average Basic Shares Outstanding	4.12M	4.09M	4.08M
Adjusted Diluted Earnings per Share	$3.30	$4.80	$4.80
Adjusted Weighted Average Diluted Shares Outstanding	4.12M	4.09M	4.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.12M	4.08M	4.08M
Normalized Net Operating Profit after Tax (NOPAT)	22	25	23
Normalized NOPAT Margin	19.07%	19.28%	16.76%
Pre Tax Income Margin	16.13%	20.49%	19.80%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.60	4.26	5.90
NOPAT to Interest Expense	1.91	3.11	4.21
EBIT Less CapEx to Interest Expense	2.55	4.18	5.84
NOPAT Less CapEx to Interest Expense	1.85	3.04	4.15
Payout Ratios	-	-	-
Dividend Payout Ratio	45.40%	38.54%	41.60%
Augmented Payout Ratio	45.40%	48.18%	41.60%

This table displays calculated financial ratios and metrics derived from Nathan's Famous' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	35.48%	26.82%	14.05%	0.93%	5.63%	0.00%	3.33%	10.46%	6.63%	6.10%	9.10%
EBITDA Growth	10.50%	8.89%	30.99%	10.83%	17.79%	0.38%	-7.71%	-17.67%	18.46%	4.42%	27.31%
EBIT Growth	12.61%	10.11%	33.64%	11.68%	18.33%	0.00%	-8.25%	-17.76%	19.87%	5.79%	31.31%
NOPAT Growth	28.22%	11.81%	33.56%	15.18%	10.35%	0.00%	-9.50%	-22.15%	19.33%	8.47%	39.36%
Net Income Growth	4.71%	23.84%	68.07%	53.19%	62.74%	0.00%	-4.15%	-20.10%	25.57%	5.59%	72.00%
EPS Growth	4.00%	24.29%	69.77%	51.92%	67.31%	0.00%	-4.11%	-18.99%	25.41%	5.00%	71.88%
Operating Cash Flow Growth	8.67%	901.30%	-13.80%	265.20%	-1.11%	0.00%	20.91%	-37.31%	132.45%	6.67%	62.51%
Free Cash Flow Firm Growth	59.31%	326.38%	64.79%	-33.81%	-21.77%	67.91%	178.53%	-11.74%	-88.84%	-99.44%	49.97%
Invested Capital Growth	-4.77%	-14.67%	55.65%	21.51%	47.67%	0.00%	0.00%	8.92%	0.00%	0.00%	7.39%
Revenue Q/Q Growth	-4.40%	60.34%	-10.69%	-32.50%	0.05%	60.45%	-7.72%	-25.43%	0.00%	-8.17%	-23.33%
EBITDA Q/Q Growth	7.92%	86.36%	-12.77%	-29.53%	14.70%	54.66%	-19.81%	-42.12%	0.00%	-29.32%	-29.43%
EBIT Q/Q Growth	9.28%	92.31%	-13.38%	-31.28%	15.78%	58.14%	-20.52%	-43.49%	0.00%	-29.86%	-29.85%
NOPAT Q/Q Growth	25.79%	69.18%	-12.59%	-30.34%	20.51%	50.59%	-20.90%	-45.77%	0.00%	-28.10%	-30.32%
Net Income Q/Q Growth	1.31%	230.72%	-19.36%	-42.86%	7.63%	110.36%	-22.70%	-54.35%	0.00%	-35.00%	-25.64%
EPS Q/Q Growth	0.00%	234.62%	-19.34%	-43.57%	10.13%	108.05%	-22.65%	-54.29%	0.00%	-35.24%	-25.17%
Operating Cash Flow Q/Q Growth	575.67%	-88.28%	254.93%	-53.34%	82.96%	-66.99%	329.14%	-75.81%	-22.06%	96.94%	-63.14%
Free Cash Flow Firm Q/Q Growth	2.76%	90.51%	-50.21%	-19.51%	21.46%	302.67%	-17.41%	-78.15%	0.00%	-95.87%	5,766.54%
Invested Capital Q/Q Growth	-46.73%	154.79%	-13.75%	3.81%	-35.27%	-100.00%	0.00%	0.00%	0.00%	-12.94%	17.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.99%	42.93%	41.60%	42.93%	48.82%	41.21%	37.57%	38.14%	43.62%	36.68%	37.91%
EBITDA Margin	26.34%	30.62%	27.55%	25.63%	29.38%	28.32%	24.61%	19.10%	31.46%	24.22%	22.29%
Operating Margin	24.66%	29.66%	26.44%	24.21%	27.63%	27.30%	23.50%	17.78%	30.70%	23.43%	21.42%
EBIT Margin	24.77%	29.71%	26.53%	23.98%	27.75%	27.35%	23.56%	17.85%	30.75%	23.49%	21.49%
Profit (Net Income) Margin	8.71%	17.97%	15.89%	12.48%	13.42%	17.60%	14.74%	9.02%	20.72%	14.67%	14.23%
Tax Burden Percent	82.34%	72.24%	73.69%	72.74%	76.78%	72.92%	72.62%	69.80%	72.57%	74.45%	74.01%
Interest Burden Percent	42.71%	83.71%	81.27%	71.52%	62.99%	88.23%	86.16%	72.41%	92.87%	83.88%	89.46%
Effective Tax Rate	17.67%	27.76%	26.31%	27.26%	23.22%	27.08%	27.38%	30.20%	27.43%	25.55%	25.99%
Return on Invested Capital (ROIC)	726.56%	304.78%	440.87%	349.88%	715.28%	0.00%	0.00%	227.87%	772.99%	706.82%	287.59%
ROIC Less NNEP Spread (ROIC-NNEP)	721.93%	302.38%	438.24%	347.53%	711.48%	0.00%	0.00%	225.83%	768.84%	698.78%	286.13%
Return on Net Nonoperating Assets (RNNOA)	-761.39%	-356.22%	-492.47%	-392.23%	-766.92%	0.00%	0.00%	-267.48%	-1,014.59%	-931.75%	-371.69%
Return on Equity (ROE)	-34.83%	-51.44%	-51.60%	-42.35%	-51.64%	0.00%	0.00%	-39.60%	-241.60%	-224.93%	-84.10%
Cash Return on Invested Capital (CROIC)	687.16%	278.97%	392.34%	356.75%	611.68%	0.00%	0.00%	304.50%	409.79%	516.04%	324.97%
Operating Return on Assets (OROA)	30.39%	40.74%	37.27%	31.62%	52.94%	0.00%	0.00%	39.23%	74.29%	58.51%	68.66%
Return on Assets (ROA)	10.69%	24.63%	22.32%	16.45%	25.60%	0.00%	0.00%	19.83%	50.06%	36.54%	45.46%
Return on Common Equity (ROCE)	-34.83%	-51.44%	-51.60%	-42.35%	-51.64%	0.00%	0.00%	-39.60%	-241.60%	-224.93%	-84.10%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-38.17%	-49.14%	-39.75%	0.00%	0.00%	0.00%	-54.24%	-84.33%	-102.54%	-124.80%
Net Operating Profit after Tax (NOPAT)	5.03	8.51	7.31	4.61	5.55	8.36	6.61	3.59	9.97	7.17	5.00
NOPAT Margin	20.30%	21.42%	19.48%	17.61%	21.21%	19.91%	17.06%	12.41%	22.28%	17.44%	15.85%
Net Nonoperating Expense Percent (NNEP)	4.64%	2.39%	2.63%	2.35%	3.80%	0.00%	0.00%	2.04%	4.14%	8.04%	1.46%
Return On Investment Capital (ROIC_SIMPLE)	-	21.32%	-	-	-	-	-	14.63%	-	-	15.58%
Cost of Revenue to Revenue	55.01%	57.07%	58.40%	57.07%	51.18%	58.79%	62.43%	61.86%	56.38%	63.32%	62.09%
SG&A Expenses to Revenue	17.07%	11.63%	12.33%	15.65%	18.20%	12.15%	11.79%	17.67%	11.40%	11.29%	14.09%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.33%	13.28%	15.16%	18.72%	21.19%	13.91%	14.07%	20.36%	12.91%	13.25%	16.49%
Earnings before Interest and Taxes (EBIT)	6.14	12	9.95	6.27	7.26	11	9.13	5.16	14	9.66	6.77
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.53	12	10	6.70	7.69	12	9.53	5.52	14	9.96	7.03
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.84	1.80	1.93	2.00	2.17	2.26	2.10	2.24	1.95	2.31	2.20
Price to Earnings (P/E)	15.51	14.86	14.19	14.17	14.46	15.12	14.39	16.18	12.79	15.24	13.61
Dividend Yield	2.93%	2.96%	2.81%	2.84%	2.66%	2.58%	2.82%	2.66%	2.97%	2.46%	2.53%
Earnings Yield	6.45%	6.73%	7.05%	7.06%	6.91%	6.61%	6.95%	6.18%	7.82%	6.56%	7.35%
Enterprise Value to Invested Capital (EV/IC)	85.86	33.78	41.96	43.66	72.00	0.00	0.00	44.94	37.88	50.86	41.87
Enterprise Value to Revenue (EV/Rev)	2.34	2.19	2.26	2.41	2.55	0.00	0.00	2.55	2.18	2.51	2.39
Enterprise Value to EBITDA (EV/EBITDA)	8.50	8.25	8.23	8.93	9.22	0.00	0.00	10.35	8.51	9.84	9.16
Enterprise Value to EBIT (EV/EBIT)	8.99	8.70	8.62	9.36	9.66	0.00	0.00	10.86	8.85	10.19	9.45
Enterprise Value to NOPAT (EV/NOPAT)	12.28	11.82	11.72	12.73	13.21	0.00	0.00	14.97	12.42	14.20	13.06
Enterprise Value to Operating Cash Flow (EV/OCF)	16.32	14.54	16.67	15.67	16.79	0.00	0.00	17.40	13.51	15.38	14.08
Enterprise Value to Free Cash Flow (EV/FCFF)	12.19	11.15	13.02	13.43	14.04	0.00	0.00	15.39	18.49	19.71	13.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.97	-2.02	-2.24	-2.36	-1.77	0.00	0.00	-1.70	-2.34	-2.80	-2.69
Long-Term Debt to Equity	-1.97	-2.02	-2.24	-2.36	-1.77	0.00	0.00	-1.70	-2.34	-2.69	-2.56
Financial Leverage	-1.05	-1.18	-1.12	-1.13	-1.08	0.00	0.00	-1.18	-1.32	-1.33	-1.30
Leverage Ratio	-1.59	-1.85	-1.99	-1.94	-1.38	0.00	0.00	-1.54	-2.30	-2.71	-1.70
Compound Leverage Factor	-0.68	-1.55	-1.62	-1.39	-0.87	0.00	0.00	-1.12	-2.13	-2.27	-1.52
Debt to Total Capital	203.37%	198.27%	180.64%	173.43%	229.22%	0.00%	0.00%	242.69%	174.72%	155.57%	159.22%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.27%	7.48%
Long-Term Debt to Total Capital	203.37%	198.27%	180.64%	173.43%	229.22%	0.00%	0.00%	242.69%	174.72%	149.30%	151.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-103.37%	-98.27%	-80.64%	-73.43%	-129.22%	0.00%	0.00%	-142.69%	-74.72%	-55.57%	-59.22%
Debt to EBITDA	3.42	2.42	2.26	3.11	2.19	0.00	0.00	1.76	1.64	1.62	1.34
Net Debt to EBITDA	1.84	1.45	1.20	1.52	1.36	0.00	0.00	1.26	0.93	0.77	0.72
Long-Term Debt to EBITDA	3.42	2.42	2.26	3.11	2.19	0.00	0.00	1.76	1.64	1.56	1.27
Debt to NOPAT	4.94	3.47	3.22	4.43	3.13	0.00	0.00	2.55	2.40	2.35	1.91
Net Debt to NOPAT	2.65	2.07	1.72	2.17	1.95	0.00	0.00	1.83	1.35	1.12	1.02
Long-Term Debt to NOPAT	4.94	3.47	3.22	4.43	3.13	0.00	0.00	2.55	2.40	2.25	1.82
Altman Z-Score	2.84	4.07	4.40	3.53	4.43	0.00	0.00	6.18	5.74	6.29	7.10
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.98	2.92	3.77	6.07	2.83	0.00	0.00	2.84	2.69	3.03	2.94
Quick Ratio	3.87	2.80	3.65	5.94	2.69	0.00	0.00	2.66	2.55	2.92	2.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5.19	9.88	4.84	3.34	4.06	16	13	2.95	1.82	0.08	4.42
Operating Cash Flow to CapEx	3,848.54%	315.98%	2,077.38%	2,868.55%	10,496.77%	2,942.47%	9,602.08%	3,013.51%	12,178.05%	11,048.31%	8,839.02%
Free Cash Flow to Firm to Interest Expense	1.47	5.08	2.49	1.72	1.45	11.55	9.55	1.89	1.72	0.04	4.93
Operating Cash Flow to Interest Expense	1.86	0.40	3.92	1.83	2.33	1.52	6.52	1.43	4.71	5.54	4.04
Operating Cash Flow Less CapEx to Interest Expense	1.81	0.27	3.73	1.77	2.30	1.47	6.46	1.38	4.67	5.49	3.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.23	1.37	1.40	1.32	1.91	0.00	0.00	2.20	2.42	2.49	3.20
Accounts Receivable Turnover	9.18	6.14	8.37	9.51	9.20	0.00	0.00	10.29	6.91	9.17	10.33
Inventory Turnover	113.72	95.66	79.44	213.32	141.70	0.00	0.00	185.22	89.95	85.16	152.85
Fixed Asset Turnover	29.18	34.54	37.12	35.23	36.81	0.00	0.00	43.43	55.78	60.05	58.08
Accounts Payable Turnover	12.51	10.33	13.88	15.77	11.71	0.00	0.00	19.33	11.88	13.38	18.66
Days Sales Outstanding (DSO)	39.76	59.43	43.63	38.39	39.69	0.00	0.00	35.47	52.85	39.79	35.33
Days Inventory Outstanding (DIO)	3.21	3.82	4.59	1.71	2.58	0.00	0.00	1.97	4.06	4.29	2.39
Days Payable Outstanding (DPO)	29.19	35.34	26.29	23.14	31.18	0.00	0.00	18.88	30.71	27.27	19.56
Cash Conversion Cycle (CCC)	13.78	27.91	21.93	16.96	11.08	0.00	0.00	18.56	26.19	16.80	18.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3.13	7.98	6.88	7.15	4.63	0.00	0.00	7.78	8.15	7.10	8.36
Invested Capital Turnover	35.78	14.23	22.63	19.87	33.72	0.00	0.00	18.36	34.69	40.52	18.14
Increase / (Decrease) in Invested Capital	-0.16	-1.37	2.46	1.27	1.49	-7.98	-6.88	0.64	8.15	7.10	0.58
Enterprise Value (EV)	269	270	289	312	333	0.00	0.00	350	309	361	350
Market Capitalization	211	222	247	259	284	300	282	307	275	332	323
Book Value per Share	($13.36)	($9.53)	($8.67)	($11.27)	($10.92)	$0.00	$0.00	($8.57)	($6.24)	($5.21)	($4.65)
Tangible Book Value per Share	($13.64)	($9.76)	($8.88)	($11.51)	($11.16)	$0.00	$0.00	($8.78)	($6.43)	($5.38)	($4.81)
Total Capital	53	40	44	63	34	0.00	0.00	25	34	38	32
Total Debt	108	79	79	109	79	0.00	0.00	59	60	60	51
Total Long-Term Debt	108	79	79	109	79	0.00	0.00	59	60	57	49
Net Debt	58	47	42	53	49	0.00	0.00	43	34	28	27
Capital Expenditures (CapEx)	0.17	0.24	0.37	0.12	0.06	0.07	0.10	0.07	0.04	0.09	0.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.08	4.22	3.07	2.96	0.79	0.00	0.00	4.32	4.78	3.81	5.19
Debt-free Net Working Capital (DFNWC)	49	36	40	58	31	0.00	0.00	21	31	35	29
Net Working Capital (NWC)	49	36	40	58	31	0.00	0.00	21	31	33	27
Net Nonoperating Expense (NNE)	2.87	1.37	1.35	1.34	2.04	0.97	0.90	0.98	0.70	1.14	0.51
Net Nonoperating Obligations (NNO)	58	47	42	53	49	0.00	0.00	43	34	28	27
Total Depreciation and Amortization (D&A)	0.39	0.36	0.38	0.43	0.43	0.41	0.41	0.36	0.32	0.30	0.25
Debt-free, Cash-free Net Working Capital to Revenue	-0.94%	3.42%	2.40%	2.29%	0.60%	0.00%	0.00%	3.15%	3.38%	2.65%	3.55%
Debt-free Net Working Capital to Revenue	42.64%	29.33%	31.31%	45.14%	23.44%	0.00%	0.00%	15.36%	21.76%	24.36%	19.75%
Net Working Capital to Revenue	42.64%	29.33%	31.31%	45.14%	23.44%	0.00%	0.00%	15.36%	21.76%	22.69%	18.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.52	$1.74	$1.46	$0.80	$0.86	$0.00	$0.00	$0.64	$2.27	$1.48	$1.10
Adjusted Weighted Average Basic Shares Outstanding	4.12M	4.11M	4.08M	4.08M	4.09M	0.00	0.00	4.08M	4.09M	4.09M	4.09M
Adjusted Diluted Earnings per Share	$0.52	$1.74	$1.46	$0.79	$0.87	$0.00	$0.00	$0.64	$2.27	$1.47	$1.10
Adjusted Weighted Average Diluted Shares Outstanding	4.12M	4.11M	4.08M	4.12M	4.09M	0.00	0.00	4.08M	4.09M	4.10M	4.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.12M	4.08M	4.08M	4.08M	4.08M	0.00	0.00	4.08M	4.08M	4.08M	4.09M
Normalized Net Operating Profit after Tax (NOPAT)	5.03	8.51	7.31	4.61	5.55	8.36	6.61	3.59	9.97	7.17	5.00
Normalized NOPAT Margin	20.30%	21.42%	19.48%	17.61%	21.21%	19.91%	17.06%	12.41%	22.28%	17.44%	15.85%
Pre Tax Income Margin	10.58%	24.87%	21.56%	17.15%	17.48%	24.13%	20.30%	12.93%	28.56%	19.70%	19.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.73	6.07	5.12	3.23	2.60	8.12	6.46	3.30	12.99	5.44	7.55
NOPAT to Interest Expense	1.42	4.38	3.76	2.37	1.98	5.91	4.68	2.30	9.41	4.04	5.57
EBIT Less CapEx to Interest Expense	1.69	5.95	4.93	3.16	2.57	8.07	6.39	3.26	12.95	5.39	7.51
NOPAT Less CapEx to Interest Expense	1.37	4.25	3.57	2.31	1.96	5.86	4.61	2.25	9.37	3.99	5.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	45.40%	31.62%	0.00%	40.38%	38.54%	0.00%	0.00%	43.01%	0.00%	37.42%	34.46%
Augmented Payout Ratio	45.40%	31.62%	10.88%	50.74%	48.18%	0.00%	0.00%	43.01%	0.00%	37.42%	34.46%

Frequently Asked Questions About Nathan's Famous' Financials

When does Nathan's Famous's fiscal year end?

According to the most recent income statement we have on file, Nathan's Famous' financial year ends in March. Their financial year 2024 ended on March 31, 2024.

How has Nathan's Famous' net income changed over the last 2 years?

Nathan's Famous' net income appears to be on an upward trend, with a most recent value of $19.62 million in 2024, rising from $13.60 million in 2022. The previous period was $19.62 million in 2023.

What is Nathan's Famous's operating income?

Nathan's Famous's total operating income in 2024 was $32.51 million, based on the following breakdown:

Total Gross Profit: $55.43 million
Total Operating Expenses: $22.92 million

How has Nathan's Famous revenue changed over the last 2 years?

Over the last 2 years, Nathan's Famous' total revenue changed from $114.88 million in 2022 to $138.61 million in 2024, a change of 20.7%.

How much debt does Nathan's Famous have?

Nathan's Famous' total liabilities were at $81.78 million at the end of 2024, a 20.7% decrease from 2023, and a 38.7% decrease since 2022.

How much cash does Nathan's Famous have?

In the past 2 years, Nathan's Famous' cash and equivalents has ranged from $21.03 million in 2024 to $50.06 million in 2022, and is currently $21.03 million as of their latest financial filing in 2024.

How has Nathan's Famous' book value per share changed over the last 2 years?

Over the last 2 years, Nathan's Famous' book value per share changed from -13.36 in 2022 to -8.06 in 2024, a change of -39.7%.

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This page (NASDAQ:NATH) was last updated on 4/20/2025 by MarketBeat.com Staff

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Nathan's Famous (NATH) Financials

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Nathan's Famous (NATH) Financials

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