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

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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.

TTMFY2026FY2025FY2024FY2023FY2022
Revenue169.13M162.06M148.18M138.61M130.78M114.88M
Cost of Revenue119.94M113.13M96.20M89.36M81.14M70.82M
Gross Profit49.19M48.93M51.98M49.25M49.64M44.06M
Selling, General & Admin14.79M14.69M14.53M15.61M14.06M13.14M
Operating Expenses15.73M15.62M15.49M16.75M15.20M14.20M
Operating Income33.46M33.31M36.50M32.51M34.45M29.86M
Interest Expense-2.74M-2.86M-4.11M-5.36M-7.74M-10.13M
Interest & Investment Income710.00K780.00K672.00K383.00K440.00K110.00K
Other Non Operating Income (Expenses)60.00K81.00K87.00K86.00K105.00K52.00K
EBT Excluding Unusual Items31.50M31.32M33.15M27.62M27.25M19.89M
Merger & Restructuring Charges-3.48M-3.21M
Gain (Loss) on Sale of Assets-87.00K
Other Unusual Items84.00K84.00K-389.00K-169.00K-357.00K-1.35M
Pretax Income28.10M28.19M32.76M27.45M26.80M18.54M
Income Tax Expense8.18M8.17M8.73M7.83M7.18M4.94M
Net Income19.92M20.02M24.03M19.62M19.62M13.60M
Net Income to Common19.92M20.02M24.03M19.62M19.62M13.60M
Shares Outstanding (Basic)4.09M4.09M4.09M4.08M4.09M4.12M
Shares Outstanding (Diluted)4.13M4.12M4.09M4.09M4.09M4.12M
EPS (Basic)4.874.895.884.814.803.30
EPS (Diluted)4.834.855.874.804.803.30
Free Cash Flow19.08M17.86M25.02M19.69M19.21M15.84M
Free Cash Flow Per Share4.624.336.114.824.703.85
Dividend Per Share2.002.002.002.001.851.50
Gross Margin29.09%30.19%35.08%35.53%37.96%38.35%
Operating Margin19.79%20.55%24.63%23.45%26.34%25.99%
Profit Margin11.78%12.35%16.21%14.15%15.00%11.83%
Free Cash Flow Margin11.28%11.02%16.88%14.21%14.69%13.79%
EBITDA34.40M34.24M37.45M33.64M35.58M30.92M
EBITDA Margin20.34%21.13%25.28%24.27%27.21%26.91%
D&A For EBITDA936.00K925.00K957.00K1.14M1.14M1.05M
EBIT33.46M33.31M36.50M32.51M34.45M29.86M
EBIT Margin19.79%20.55%24.63%23.45%26.34%25.99%
Effective Tax Rate29.10%28.98%26.66%28.54%26.79%26.65%
Revenue as Reported169.13M162.06M148.18M138.61M130.78M114.88M
Advertising Expenses96.00K94.00K117.00K126.00K67.00K

Balance sheet

Fiscal year April - March; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Cash & Equivalents24.69M24.40M27.80M21.03M29.86M50.06M
Cash & Short-Term Investments24.69M24.40M27.80M21.03M29.86M50.06M
Accounts Receivable30.46M19.65M13.79M14.57M14.44M12.98M
Other Receivables821.00K191.00K270.00K162.00K623.00K391.00K
Receivables31.28M19.84M14.06M14.73M15.07M13.37M
Inventory1.40M891.00K1.22M842.00K539.00K522.00K
Prepaid Expenses1.15M1.38M1.26M923.00K1.28M1.05M
Other Current Assets289.00K602.00K791.00K1.25M614.00K390.00K
Total Current Assets58.80M47.12M45.13M38.78M47.36M65.40M
Property, Plant & Equipment4.87M5.41M7.10M8.88M9.74M11.20M
Goodwill95.00K95.00K95.00K95.00K95.00K95.00K
Other Intangible Assets304.00K348.00K522.00K695.00K869.00K1.04M
Long-Term Accounts Receivable15.00K22.00K29.00K
Long-Term Deferred Tax Assets627.00K598.00K510.00K275.00K375.00K582.00K
Other Long-Term Assets91.00K85.00K98.00K119.00K139.00K195.00K
Total Assets64.79M53.65M53.48M48.86M58.61M78.52M
Accounts Payable10.61M7.90M6.16M5.74M6.46M6.38M
Accrued Expenses2.93M4.68M4.31M6.07M6.50M6.50M
Current Portion of Long-Term Debt2.40M2.40M2.40M
Current Portion of Leases1.94M1.94M1.92M1.89M1.78M1.85M
Current Income Taxes Payable2.91M103.00K
Current Unearned Revenue787.00K1.51M1.70M1.70M1.74M1.23M
Other Current Liabilities2.47M467.00K265.00K174.00K228.00K353.00K
Total Current Liabilities24.04M18.90M16.76M15.57M16.71M16.41M
Long-Term Debt45.16M45.74M48.07M59.56M79.05M108.18M
Long-Term Leases1.51M2.00M3.53M4.94M5.41M6.49M
Long-Term Unearned Revenue496.00K509.00K697.00K899.00K1.27M1.75M
Other Long-Term Liabilities741.00K717.00K927.00K810.00K737.00K674.00K
Total Liabilities71.95M67.87M69.99M81.78M103.17M133.50M
Common Stock94.00K94.00K94.00K94.00K94.00K94.00K
Additional Paid-In Capital64.44M64.17M63.49M62.94M62.56M62.31M
Retained Earnings14.96M8.18M6.56M-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 & Equity64.79M53.65M53.48M48.86M58.61M78.52M
Total Debt51.02M52.09M55.92M66.39M86.24M116.52M
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 Outstanding4.10M4.09M4.09M4.08M4.08M4.12M
Total Common Shares Outstanding4.10M4.09M4.09M4.08M4.08M4.12M
Working Capital34.76M28.22M28.37M23.20M30.65M48.99M
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
Land123.00K123.00K123.00K123.00K123.00K
Buildings1.48M1.44M1.41M1.41M1.40M
Machinery4.79M5.42M5.41M5.20M5.23M
Construction In Progress63.00K6.00K63.00K112.00K
Leasehold Improvements7.50M7.42M7.42M7.39M7.26M

Cash flow statement

Fiscal year April - March; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Net Income19.92M20.02M24.03M19.62M19.62M13.60M
Depreciation & Amortization936.00K925.00K957.00K1.14M1.14M1.05M
Other Amortization69.00K70.00K153.00K345.00K508.00K660.00K
Loss (Gain) From Sale of Assets87.00K
Stock-Based Compensation1.12M1.13M993.00K733.00K258.00K74.00K
Provision & Write-off of Bad Debts123.00K129.00K275.00K157.00K457.00K186.00K
Other Operating Activities-86.00K-88.00K154.00K334.00K411.00K777.00K
Change in Accounts Receivable-5.13M-5.91M392.00K-74.00K-2.15M-1.91M
Change in Inventory-499.00K330.00K-379.00K-303.00K-17.00K102.00K
Change in Accounts Payable3.59M2.24M-1.23M-1.23M377.00K1.70M
Change in Unearned Revenue-243.00K-305.00K-220.00K-382.00K-489.00K324.00K
Change in Other Net Operating Assets-407.00K-311.00K116.00K-327.00K-364.00K-83.00K
Operating Cash Flow19.40M18.23M25.24M20.00M19.84M16.48M
Capital Expenditures-322.00K-370.00K-225.00K-313.00K-626.00K-636.00K
Other Investing Activities42.00K
Investing Cash Flow-322.00K-370.00K-225.00K-313.00K-584.00K-636.00K
Long-Term Debt Issued60.00M
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-3.40M6.78M-8.83M-20.20M-31.00M
Free Cash Flow19.08M17.86M25.02M19.69M19.21M15.84M
Free Cash Flow Margin11.28%11.02%16.88%14.21%14.69%13.79%
Free Cash Flow Per Share4.624.336.114.824.703.85
Levered Free Cash Flow18.99M17.53M21.29M17.38M16.17M13.55M
Unlevered Free Cash Flow20.63M19.25M23.71M20.38M20.50M19.23M
Cash Interest Paid2.76M2.88M5.48M5.48M8.06M10.56M
Cash Income Tax Paid8.30M8.19M8.49M8.31M7.16M4.98M
Change in Working Capital-2.68M-3.95M-1.32M-2.32M-2.64M130.00K

Ratios

Fiscal year April - March; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Market Capitalization418.17M412.22M387.69M289.19M295.86M226.25M
Enterprise Value444.50M440.66M420.76M339.00M356.38M295.96M
Last Close Price102.05100.1890.1465.6765.4348.17
PE Ratio21.1220.5916.1414.7415.0816.64
Forward PE12.6012.6012.6012.6012.60
PS Ratio2.472.542.622.092.261.97
PB Ratio-28.98-23.48-8.78-6.64-4.12
P/FCF Ratio21.9223.0815.5014.6915.4014.28
P/OCF Ratio21.5522.6115.3614.4614.9113.73
EV/Sales Ratio2.632.722.842.452.732.58
EV/EBITDA Ratio12.9212.8711.2310.0810.029.57
EV/EBIT Ratio13.2813.2311.5310.4310.359.91
EV/FCF Ratio23.3024.6716.8217.2218.5518.68
Debt / Equity Ratio-7.12-3.66-3.39-2.02-1.94-2.12
Debt / EBITDA Ratio1.341.381.371.802.233.45
Debt / FCF Ratio2.672.922.243.374.497.36
Net Debt / Equity Ratio-3.68-1.95-1.70-1.38-1.26-1.21
Net Debt / EBITDA Ratio0.770.810.751.351.582.15
Net Debt / FCF Ratio1.381.551.122.302.944.20
Asset Turnover2.643.032.902.581.911.23
Inventory Turnover104.34107.1393.26129.41152.96123.59
Quick Ratio2.332.342.502.302.693.87
Current Ratio2.452.492.692.492.833.98
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 Yield4.73%4.86%6.20%6.78%6.63%6.01%
FCF Yield4.56%4.33%6.45%6.81%6.49%7.00%
Dividend Yield1.96%1.99%2.11%2.83%2.55%2.73%
Payout Ratio82.80%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 Return1.44%1.28%1.91%2.90%3.16%2.75%