NASDAQ : NATH
Nathan's Famous, Inc. — Financial statements
Consumer Discretionary · Restaurants · United States
Last price 102.05 USD (At close: Oct 23, 2026) · Market cap 418.17M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Nathan's Famous, Inc. (NATH) reported revenue of 169.13M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 169.13M | 162.06M | 148.18M | 138.61M | 130.78M | 114.88M |
| Cost of Revenue | 119.94M | 113.13M | 96.20M | 89.36M | 81.14M | 70.82M |
| Gross Profit | 49.19M | 48.93M | 51.98M | 49.25M | 49.64M | 44.06M |
| Selling, General & Admin | 14.79M | 14.69M | 14.53M | 15.61M | 14.06M | 13.14M |
| Operating Expenses | 15.73M | 15.62M | 15.49M | 16.75M | 15.20M | 14.20M |
| Operating Income | 33.46M | 33.31M | 36.50M | 32.51M | 34.45M | 29.86M |
| Interest Expense | -2.74M | -2.86M | -4.11M | -5.36M | -7.74M | -10.13M |
| Interest & Investment Income | 710.00K | 780.00K | 672.00K | 383.00K | 440.00K | 110.00K |
| Other Non Operating Income (Expenses) | 60.00K | 81.00K | 87.00K | 86.00K | 105.00K | 52.00K |
| EBT Excluding Unusual Items | 31.50M | 31.32M | 33.15M | 27.62M | 27.25M | 19.89M |
| Merger & Restructuring Charges | -3.48M | -3.21M | ||||
| Gain (Loss) on Sale of Assets | -87.00K | |||||
| Other Unusual Items | 84.00K | 84.00K | -389.00K | -169.00K | -357.00K | -1.35M |
| Pretax Income | 28.10M | 28.19M | 32.76M | 27.45M | 26.80M | 18.54M |
| Income Tax Expense | 8.18M | 8.17M | 8.73M | 7.83M | 7.18M | 4.94M |
| Net Income | 19.92M | 20.02M | 24.03M | 19.62M | 19.62M | 13.60M |
| Net Income to Common | 19.92M | 20.02M | 24.03M | 19.62M | 19.62M | 13.60M |
| Shares Outstanding (Basic) | 4.09M | 4.09M | 4.09M | 4.08M | 4.09M | 4.12M |
| Shares Outstanding (Diluted) | 4.13M | 4.12M | 4.09M | 4.09M | 4.09M | 4.12M |
| EPS (Basic) | 4.87 | 4.89 | 5.88 | 4.81 | 4.80 | 3.30 |
| EPS (Diluted) | 4.83 | 4.85 | 5.87 | 4.80 | 4.80 | 3.30 |
| Free Cash Flow | 19.08M | 17.86M | 25.02M | 19.69M | 19.21M | 15.84M |
| Free Cash Flow Per Share | 4.62 | 4.33 | 6.11 | 4.82 | 4.70 | 3.85 |
| Dividend Per Share | 2.00 | 2.00 | 2.00 | 2.00 | 1.85 | 1.50 |
| Gross Margin | 29.09% | 30.19% | 35.08% | 35.53% | 37.96% | 38.35% |
| Operating Margin | 19.79% | 20.55% | 24.63% | 23.45% | 26.34% | 25.99% |
| Profit Margin | 11.78% | 12.35% | 16.21% | 14.15% | 15.00% | 11.83% |
| Free Cash Flow Margin | 11.28% | 11.02% | 16.88% | 14.21% | 14.69% | 13.79% |
| EBITDA | 34.40M | 34.24M | 37.45M | 33.64M | 35.58M | 30.92M |
| EBITDA Margin | 20.34% | 21.13% | 25.28% | 24.27% | 27.21% | 26.91% |
| D&A For EBITDA | 936.00K | 925.00K | 957.00K | 1.14M | 1.14M | 1.05M |
| EBIT | 33.46M | 33.31M | 36.50M | 32.51M | 34.45M | 29.86M |
| EBIT Margin | 19.79% | 20.55% | 24.63% | 23.45% | 26.34% | 25.99% |
| Effective Tax Rate | 29.10% | 28.98% | 26.66% | 28.54% | 26.79% | 26.65% |
| Revenue as Reported | 169.13M | 162.06M | 148.18M | 138.61M | 130.78M | 114.88M |
| Advertising Expenses | 96.00K | 94.00K | 117.00K | 126.00K | 67.00K |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 24.69M | 24.40M | 27.80M | 21.03M | 29.86M | 50.06M |
| Cash & Short-Term Investments | 24.69M | 24.40M | 27.80M | 21.03M | 29.86M | 50.06M |
| Accounts Receivable | 30.46M | 19.65M | 13.79M | 14.57M | 14.44M | 12.98M |
| Other Receivables | 821.00K | 191.00K | 270.00K | 162.00K | 623.00K | 391.00K |
| Receivables | 31.28M | 19.84M | 14.06M | 14.73M | 15.07M | 13.37M |
| Inventory | 1.40M | 891.00K | 1.22M | 842.00K | 539.00K | 522.00K |
| Prepaid Expenses | 1.15M | 1.38M | 1.26M | 923.00K | 1.28M | 1.05M |
| Other Current Assets | 289.00K | 602.00K | 791.00K | 1.25M | 614.00K | 390.00K |
| Total Current Assets | 58.80M | 47.12M | 45.13M | 38.78M | 47.36M | 65.40M |
| Property, Plant & Equipment | 4.87M | 5.41M | 7.10M | 8.88M | 9.74M | 11.20M |
| Goodwill | 95.00K | 95.00K | 95.00K | 95.00K | 95.00K | 95.00K |
| Other Intangible Assets | 304.00K | 348.00K | 522.00K | 695.00K | 869.00K | 1.04M |
| Long-Term Accounts Receivable | 15.00K | 22.00K | 29.00K | |||
| Long-Term Deferred Tax Assets | 627.00K | 598.00K | 510.00K | 275.00K | 375.00K | 582.00K |
| Other Long-Term Assets | 91.00K | 85.00K | 98.00K | 119.00K | 139.00K | 195.00K |
| Total Assets | 64.79M | 53.65M | 53.48M | 48.86M | 58.61M | 78.52M |
| Accounts Payable | 10.61M | 7.90M | 6.16M | 5.74M | 6.46M | 6.38M |
| Accrued Expenses | 2.93M | 4.68M | 4.31M | 6.07M | 6.50M | 6.50M |
| Current Portion of Long-Term Debt | 2.40M | 2.40M | 2.40M | |||
| Current Portion of Leases | 1.94M | 1.94M | 1.92M | 1.89M | 1.78M | 1.85M |
| Current Income Taxes Payable | 2.91M | 103.00K | ||||
| Current Unearned Revenue | 787.00K | 1.51M | 1.70M | 1.70M | 1.74M | 1.23M |
| Other Current Liabilities | 2.47M | 467.00K | 265.00K | 174.00K | 228.00K | 353.00K |
| Total Current Liabilities | 24.04M | 18.90M | 16.76M | 15.57M | 16.71M | 16.41M |
| Long-Term Debt | 45.16M | 45.74M | 48.07M | 59.56M | 79.05M | 108.18M |
| Long-Term Leases | 1.51M | 2.00M | 3.53M | 4.94M | 5.41M | 6.49M |
| Long-Term Unearned Revenue | 496.00K | 509.00K | 697.00K | 899.00K | 1.27M | 1.75M |
| Other Long-Term Liabilities | 741.00K | 717.00K | 927.00K | 810.00K | 737.00K | 674.00K |
| Total Liabilities | 71.95M | 67.87M | 69.99M | 81.78M | 103.17M | 133.50M |
| Common Stock | 94.00K | 94.00K | 94.00K | 94.00K | 94.00K | 94.00K |
| Additional Paid-In Capital | 64.44M | 64.17M | 63.49M | 62.94M | 62.56M | 62.31M |
| Retained Earnings | 14.96M | 8.18M | 6.56M | -9.29M | -20.56M | -32.62M |
| Treasury Stock | -86.66M | -86.66M | -86.66M | -86.66M | -86.66M | -84.77M |
| Shareholders' Equity | -7.16M | -14.22M | -16.51M | -32.92M | -44.56M | -54.99M |
| Total Liabilities & Equity | 64.79M | 53.65M | 53.48M | 48.86M | 58.61M | 78.52M |
| Total Debt | 51.02M | 52.09M | 55.92M | 66.39M | 86.24M | 116.52M |
| Net Cash (Debt) | -26.33M | -27.68M | -28.12M | -45.36M | -56.38M | -66.46M |
| Net Cash Per Share | -6.38 | -6.71 | -6.87 | -11.10 | -13.78 | -16.15 |
| Filing Date Shares Outstanding | 4.10M | 4.09M | 4.09M | 4.08M | 4.08M | 4.12M |
| Total Common Shares Outstanding | 4.10M | 4.09M | 4.09M | 4.08M | 4.08M | 4.12M |
| Working Capital | 34.76M | 28.22M | 28.37M | 23.20M | 30.65M | 48.99M |
| Book Value Per Share | -1.75 | -3.47 | -4.04 | -8.06 | -10.92 | -13.36 |
| Tangible Book Value | -7.56M | -14.67M | -17.13M | -33.71M | -45.53M | -56.13M |
| Tangible Book Value Per Share | -1.85 | -3.58 | -4.19 | -8.25 | -11.16 | -13.64 |
| Land | 123.00K | 123.00K | 123.00K | 123.00K | 123.00K | |
| Buildings | 1.48M | 1.44M | 1.41M | 1.41M | 1.40M | |
| Machinery | 4.79M | 5.42M | 5.41M | 5.20M | 5.23M | |
| Construction In Progress | 63.00K | 6.00K | 63.00K | 112.00K | ||
| Leasehold Improvements | 7.50M | 7.42M | 7.42M | 7.39M | 7.26M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 19.92M | 20.02M | 24.03M | 19.62M | 19.62M | 13.60M |
| Depreciation & Amortization | 936.00K | 925.00K | 957.00K | 1.14M | 1.14M | 1.05M |
| Other Amortization | 69.00K | 70.00K | 153.00K | 345.00K | 508.00K | 660.00K |
| Loss (Gain) From Sale of Assets | 87.00K | |||||
| Stock-Based Compensation | 1.12M | 1.13M | 993.00K | 733.00K | 258.00K | 74.00K |
| Provision & Write-off of Bad Debts | 123.00K | 129.00K | 275.00K | 157.00K | 457.00K | 186.00K |
| Other Operating Activities | -86.00K | -88.00K | 154.00K | 334.00K | 411.00K | 777.00K |
| Change in Accounts Receivable | -5.13M | -5.91M | 392.00K | -74.00K | -2.15M | -1.91M |
| Change in Inventory | -499.00K | 330.00K | -379.00K | -303.00K | -17.00K | 102.00K |
| Change in Accounts Payable | 3.59M | 2.24M | -1.23M | -1.23M | 377.00K | 1.70M |
| Change in Unearned Revenue | -243.00K | -305.00K | -220.00K | -382.00K | -489.00K | 324.00K |
| Change in Other Net Operating Assets | -407.00K | -311.00K | 116.00K | -327.00K | -364.00K | -83.00K |
| Operating Cash Flow | 19.40M | 18.23M | 25.24M | 20.00M | 19.84M | 16.48M |
| Capital Expenditures | -322.00K | -370.00K | -225.00K | -313.00K | -626.00K | -636.00K |
| Other Investing Activities | 42.00K | |||||
| Investing Cash Flow | -322.00K | -370.00K | -225.00K | -313.00K | -584.00K | -636.00K |
| Long-Term Debt Issued | 60.00M | |||||
| Long-Term Debt Repaid | -2.40M | -69.20M | -20.00M | -30.00M | -40.00M | |
| Net Debt Issued (Repaid) | -2.40M | -2.40M | -9.20M | -20.00M | -30.00M | -40.00M |
| Repurchase of Common Stock | -459.00K | -459.00K | -437.00K | -362.00K | -1.89M | -7.00K |
| Common Dividends Paid | -18.40M | -18.40M | -8.17M | -8.16M | -7.56M | -6.17M |
| Other Financing Activities | -431.00K | -662.00K | ||||
| Financing Cash Flow | -21.26M | -21.26M | -18.24M | -28.52M | -39.45M | -46.84M |
| Net Cash Flow | -2.18M | -3.40M | 6.78M | -8.83M | -20.20M | -31.00M |
| Free Cash Flow | 19.08M | 17.86M | 25.02M | 19.69M | 19.21M | 15.84M |
| Free Cash Flow Margin | 11.28% | 11.02% | 16.88% | 14.21% | 14.69% | 13.79% |
| Free Cash Flow Per Share | 4.62 | 4.33 | 6.11 | 4.82 | 4.70 | 3.85 |
| Levered Free Cash Flow | 18.99M | 17.53M | 21.29M | 17.38M | 16.17M | 13.55M |
| Unlevered Free Cash Flow | 20.63M | 19.25M | 23.71M | 20.38M | 20.50M | 19.23M |
| Cash Interest Paid | 2.76M | 2.88M | 5.48M | 5.48M | 8.06M | 10.56M |
| Cash Income Tax Paid | 8.30M | 8.19M | 8.49M | 8.31M | 7.16M | 4.98M |
| Change in Working Capital | -2.68M | -3.95M | -1.32M | -2.32M | -2.64M | 130.00K |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 418.17M | 412.22M | 387.69M | 289.19M | 295.86M | 226.25M |
| Enterprise Value | 444.50M | 440.66M | 420.76M | 339.00M | 356.38M | 295.96M |
| Last Close Price | 102.05 | 100.18 | 90.14 | 65.67 | 65.43 | 48.17 |
| PE Ratio | 21.12 | 20.59 | 16.14 | 14.74 | 15.08 | 16.64 |
| Forward PE | 12.60 | 12.60 | 12.60 | 12.60 | 12.60 | |
| PS Ratio | 2.47 | 2.54 | 2.62 | 2.09 | 2.26 | 1.97 |
| PB Ratio | -28.98 | -23.48 | -8.78 | -6.64 | -4.12 | |
| P/FCF Ratio | 21.92 | 23.08 | 15.50 | 14.69 | 15.40 | 14.28 |
| P/OCF Ratio | 21.55 | 22.61 | 15.36 | 14.46 | 14.91 | 13.73 |
| EV/Sales Ratio | 2.63 | 2.72 | 2.84 | 2.45 | 2.73 | 2.58 |
| EV/EBITDA Ratio | 12.92 | 12.87 | 11.23 | 10.08 | 10.02 | 9.57 |
| EV/EBIT Ratio | 13.28 | 13.23 | 11.53 | 10.43 | 10.35 | 9.91 |
| EV/FCF Ratio | 23.30 | 24.67 | 16.82 | 17.22 | 18.55 | 18.68 |
| Debt / Equity Ratio | -7.12 | -3.66 | -3.39 | -2.02 | -1.94 | -2.12 |
| Debt / EBITDA Ratio | 1.34 | 1.38 | 1.37 | 1.80 | 2.23 | 3.45 |
| Debt / FCF Ratio | 2.67 | 2.92 | 2.24 | 3.37 | 4.49 | 7.36 |
| Net Debt / Equity Ratio | -3.68 | -1.95 | -1.70 | -1.38 | -1.26 | -1.21 |
| Net Debt / EBITDA Ratio | 0.77 | 0.81 | 0.75 | 1.35 | 1.58 | 2.15 |
| Net Debt / FCF Ratio | 1.38 | 1.55 | 1.12 | 2.30 | 2.94 | 4.20 |
| Asset Turnover | 2.64 | 3.03 | 2.90 | 2.58 | 1.91 | 1.23 |
| Inventory Turnover | 104.34 | 107.13 | 93.26 | 129.41 | 152.96 | 123.59 |
| Quick Ratio | 2.33 | 2.34 | 2.50 | 2.30 | 2.69 | 3.87 |
| Current Ratio | 2.45 | 2.49 | 2.69 | 2.49 | 2.83 | 3.98 |
| Return on Assets (ROA) | 32.62% | 38.87% | 44.58% | 37.81% | 31.40% | 19.93% |
| Return on Invested Capital (ROIC) | 62.86% | 66.21% | 76.48% | 61.79% | 48.49% | 28.02% |
| Return on Capital Employed (ROCE) | 82.10% | 95.90% | 99.40% | 97.70% | 82.20% | 48.10% |
| Earnings Yield | 4.73% | 4.86% | 6.20% | 6.78% | 6.63% | 6.01% |
| FCF Yield | 4.56% | 4.33% | 6.45% | 6.81% | 6.49% | 7.00% |
| Dividend Yield | 1.96% | 1.99% | 2.11% | 2.83% | 2.55% | 2.73% |
| Payout Ratio | 82.80% | 91.92% | 34.01% | 41.60% | 38.54% | 45.40% |
| Buyback Yield / Dilution | -0.52% | -0.71% | -0.20% | 0.07% | 0.61% | 0.02% |
| Total Shareholder Return | 1.44% | 1.28% | 1.91% | 2.90% | 3.16% | 2.75% |