NYSE : NOMD
Nomad Foods Limited — Financial statements
Consumer Staples · Packaged Foods · United Kingdom
Last price 11.91 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.66B
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Financial statements
Nomad Foods Limited (NOMD) reported revenue of 2.96B EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.96B | 3.03B | 3.10B | 3.04B | 2.94B | 2.61B |
| Cost of Revenue | 2.16B | 2.20B | 2.18B | 2.19B | 2.12B | 1.86B |
| Gross Profit | 806.40M | 832.90M | 917.80M | 858.70M | 815.30M | 744.30M |
| Selling, General & Admin | 5.10M | 5.30M | 4.70M | 4.60M | 2.80M | 1.70M |
| Amortization of Goodwill & Intangibles | 8.80M | |||||
| Other Operating Expenses | 416.70M | 409.70M | 449.60M | 418.70M | 370.70M | 351.20M |
| Operating Expenses | 423.20M | 423.40M | 464.70M | 449.40M | 390.90M | 358.00M |
| Operating Income | 383.20M | 409.50M | 453.10M | 409.30M | 424.40M | 386.30M |
| Interest Expense | -113.50M | -115.80M | -121.30M | -124.50M | -67.60M | -60.20M |
| Interest & Investment Income | 5.30M | 6.20M | 10.00M | 5.80M | 600.00K | 100.00K |
| Currency Exchange Gain (Loss) | 9.50M | 10.00M | -20.60M | -3.00M | 9.20M | -4.00M |
| Other Non Operating Income (Expenses) | -400.00K | -1.00M | -5.90M | |||
| EBT Excluding Unusual Items | 284.50M | 309.90M | 320.80M | 286.60M | 366.60M | 316.30M |
| Merger & Restructuring Charges | -76.40M | -86.10M | -69.30M | -73.70M | -63.50M | -33.40M |
| Gain (Loss) on Sale of Investments | 5.70M | 300.00K | -8.60M | |||
| Asset Writedown | -5.80M | |||||
| Other Unusual Items | -77.70M | -78.50M | 20.70M | 40.40M | 23.70M | -37.60M |
| Pretax Income | 130.40M | 145.30M | 277.90M | 253.60M | 321.00M | 236.70M |
| Income Tax Expense | 6.10M | 8.60M | 50.80M | 60.90M | 71.20M | 55.70M |
| Earnings From Continuing Operations | 124.30M | 136.70M | 227.10M | 192.70M | 249.80M | 181.00M |
| Net Income | 124.30M | 136.70M | 227.10M | 192.70M | 249.80M | 181.00M |
| Net Income to Common | 124.30M | 136.70M | 227.10M | 192.70M | 249.80M | 181.00M |
| Shares Outstanding (Basic) | 143.51M | 149.86M | 161.50M | 170.57M | 174.28M | 178.07M |
| Shares Outstanding (Diluted) | 143.90M | 150.20M | 162.22M | 171.20M | 174.28M | 178.07M |
| EPS (Basic) | 0.87 | 0.91 | 1.41 | 1.13 | 1.43 | 1.02 |
| EPS (Diluted) | 0.87 | 0.91 | 1.40 | 1.13 | 1.43 | 1.02 |
| Free Cash Flow | 251.40M | 252.20M | 355.10M | 348.40M | 224.70M | 227.10M |
| Free Cash Flow Per Share | 1.75 | 1.68 | 2.19 | 2.04 | 1.29 | 1.27 |
| Dividend Per Share | 0.59 | 0.58 | 0.60 | 0.14 | ||
| Gross Margin | 27.20% | 27.47% | 29.61% | 28.21% | 27.73% | 28.55% |
| Operating Margin | 12.93% | 13.50% | 14.62% | 13.44% | 14.44% | 14.82% |
| Profit Margin | 4.19% | 4.51% | 7.33% | 6.33% | 8.50% | 6.94% |
| Free Cash Flow Margin | 8.48% | 8.32% | 11.46% | 11.44% | 7.64% | 8.71% |
| EBITDA | 456.80M | 483.20M | 516.70M | 476.70M | 485.80M | 441.30M |
| EBITDA Margin | 15.41% | 15.93% | 16.67% | 15.66% | 16.53% | 16.93% |
| D&A For EBITDA | 73.60M | 73.70M | 63.60M | 67.40M | 61.40M | 55.00M |
| EBIT | 383.20M | 409.50M | 453.10M | 409.30M | 424.40M | 386.30M |
| EBIT Margin | 12.93% | 13.50% | 14.62% | 13.44% | 14.44% | 14.82% |
| Effective Tax Rate | 4.68% | 5.92% | 18.28% | 24.01% | 22.18% | 23.53% |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 273.40M | 324.80M | 403.30M | 412.90M | 369.70M | 254.20M |
| Cash & Short-Term Investments | 273.40M | 324.80M | 403.30M | 412.90M | 369.70M | 254.20M |
| Accounts Receivable | 426.20M | 295.70M | 282.90M | 208.30M | 211.20M | 182.80M |
| Other Receivables | 12.80M | 64.30M | 74.30M | 79.80M | 39.70M | 36.40M |
| Receivables | 439.00M | 360.00M | 357.20M | 288.10M | 250.90M | 219.20M |
| Inventory | 470.80M | 440.60M | 441.50M | 446.40M | 457.10M | 410.60M |
| Prepaid Expenses | 16.90M | 15.00M | 16.00M | 15.90M | 15.40M | |
| Other Current Assets | 4.70M | 4.50M | 16.90M | 1.70M | 21.70M | 29.70M |
| Total Current Assets | 1.19B | 1.15B | 1.23B | 1.17B | 1.12B | 929.10M |
| Property, Plant & Equipment | 602.20M | 595.20M | 591.10M | 563.70M | 542.90M | 549.40M |
| Long-Term Investments | 200.00K | |||||
| Goodwill | 2.11B | 2.10B | 2.11B | 2.10B | 2.10B | 2.10B |
| Other Intangible Assets | 2.46B | 2.46B | 2.47B | 2.47B | 2.46B | 2.46B |
| Long-Term Deferred Tax Assets | 11.30M | 17.10M | 14.70M | 106.90M | 100.40M | 128.30M |
| Other Long-Term Assets | 10.60M | 7.40M | 12.90M | 7.80M | 8.10M | 8.90M |
| Total Assets | 6.38B | 6.33B | 6.43B | 6.42B | 6.33B | 6.17B |
| Accounts Payable | 841.80M | 433.40M | 409.20M | 400.60M | 433.30M | 413.20M |
| Accrued Expenses | 166.80M | 247.70M | 216.80M | 151.40M | 145.00M | |
| Short-Term Debt | 13.20M | 2.90M | ||||
| Current Portion of Long-Term Debt | 33.70M | 4.00M | 300.00K | 6.50M | ||
| Current Portion of Leases | 28.60M | 26.00M | 21.40M | 22.30M | 22.60M | |
| Current Income Taxes Payable | 166.50M | 193.40M | 226.70M | 189.50M | 183.00M | 198.50M |
| Current Unearned Revenue | 154.50M | 112.40M | 75.50M | 63.40M | 93.80M | |
| Other Current Liabilities | 40.10M | 87.20M | 101.30M | 111.00M | 84.20M | 86.60M |
| Total Current Liabilities | 1.08B | 1.07B | 1.12B | 1.03B | 940.80M | 966.20M |
| Long-Term Debt | 2.18B | 2.20B | 2.08B | 2.06B | 2.15B | 2.16B |
| Long-Term Leases | 94.60M | 60.70M | 68.10M | 57.40M | 44.30M | 58.30M |
| Pension & Post-Retirement Benefits | 140.20M | 138.40M | 152.10M | 158.30M | 132.10M | 244.20M |
| Long-Term Deferred Tax Liabilities | 265.70M | 259.30M | 292.70M | 425.10M | 445.70M | 437.60M |
| Other Long-Term Liabilities | 95.00M | 114.00M | 49.60M | 99.70M | 2.40M | 4.90M |
| Total Liabilities | 3.86B | 3.84B | 3.77B | 3.82B | 3.72B | 3.87B |
| Common Stock | 1.14B | 1.16B | 1.34B | 1.45B | 1.61B | 1.64B |
| Retained Earnings | 1.29B | 1.26B | 1.20B | 1.06B | 886.60M | 387.40M |
| Comprehensive Income & Other | 87.50M | 78.70M | 119.20M | 80.50M | 95.80M | 95.40M |
| Total Common Equity | 2.52B | 2.50B | 2.66B | 2.59B | 2.60B | 2.12B |
| Shareholders' Equity | 2.52B | 2.50B | 2.66B | 2.59B | 2.61B | 2.30B |
| Total Liabilities & Equity | 6.38B | 6.33B | 6.43B | 6.42B | 6.33B | 6.17B |
| Total Debt | 2.31B | 2.29B | 2.18B | 2.15B | 2.22B | 2.25B |
| Net Cash (Debt) | -2.04B | -1.97B | -1.77B | -1.74B | -1.85B | -1.99B |
| Net Cash Per Share | -14.17 | -13.09 | -10.94 | -10.14 | -10.64 | -11.20 |
| Filing Date Shares Outstanding | 139.79M | 142.09M | 153.40M | 162.72M | 174.24M | 172.40M |
| Total Common Shares Outstanding | 139.79M | 142.43M | 156.09M | 163.17M | 172.55M | 173.56M |
| Working Capital | 105.80M | 78.90M | 110.60M | 137.10M | 174.50M | -37.10M |
| Book Value Per Share | 18.01 | 17.53 | 17.06 | 15.88 | 15.04 | 12.23 |
| Tangible Book Value | -2.05B | -2.07B | -1.92B | -1.98B | -1.96B | -2.43B |
| Tangible Book Value Per Share | -14.66 | -14.55 | -12.28 | -12.14 | -11.38 | -14.02 |
| Land | 263.50M | 254.80M | 239.20M | 226.00M | 216.70M | |
| Machinery | 720.60M | 657.50M | 595.50M | 542.80M | 513.90M |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 124.30M | 136.70M | 227.10M | 192.70M | 249.80M | 181.00M |
| Depreciation & Amortization | 102.00M | 102.10M | 90.30M | 95.00M | 83.50M | 71.60M |
| Other Amortization | 10.50M | 13.40M | 13.60M | 6.40M | 7.80M | 2.00M |
| Loss (Gain) From Sale of Assets | 900.00K | 1.00M | 1.60M | 1.20M | 800.00K | 700.00K |
| Asset Writedown & Restructuring Costs | 69.90M | 78.20M | 68.00M | 68.40M | 11.50M | 23.70M |
| Loss (Gain) From Sale of Investments | -5.30M | 700.00K | 22.30M | |||
| Stock-Based Compensation | 1.40M | 8.40M | 8.80M | 24.10M | 8.10M | 5.10M |
| Other Operating Activities | 56.90M | 38.40M | 42.90M | -15.70M | 39.10M | 23.40M |
| Change in Accounts Receivable | -2.20M | -18.20M | -75.00M | 300.00K | -38.30M | 24.10M |
| Change in Inventory | -11.50M | -14.20M | -1.20M | 18.80M | -61.70M | -23.80M |
| Change in Accounts Payable | -13.30M | -8.80M | 68.60M | 42.10M | 5.60M | -25.00M |
| Change in Other Net Operating Assets | -8.70M | -6.30M | -4.00M | -3.20M | -2.40M | 1.20M |
| Operating Cash Flow | 330.20M | 330.70M | 435.40M | 430.80M | 303.80M | 306.30M |
| Capital Expenditures | -78.80M | -78.50M | -80.30M | -82.40M | -79.10M | -79.20M |
| Cash Acquisitions | 400.00K | -597.30M | ||||
| Investment in Securities | 5.70M | 300.00K | 16.50M | |||
| Other Investing Activities | 3.50M | 3.90M | 10.20M | 5.30M | ||
| Investing Cash Flow | -75.30M | -74.60M | -64.40M | -76.80M | -78.70M | -660.00M |
| Long-Term Debt Issued | 193.20M | 6.00M | 799.30M | 800.00M | ||
| Total Debt Issued | 193.20M | 193.20M | 6.00M | 799.30M | 800.00M | |
| Long-Term Debt Repaid | -91.30M | -37.80M | -42.70M | -942.70M | -428.10M | |
| Lease Payments | -34.80M | -34.20M | -31.30M | -30.10M | -26.50M | -19.40M |
| Total Debt Repaid | -91.90M | -91.30M | -37.80M | -42.70M | -942.70M | -428.10M |
| Net Debt Issued (Repaid) | 101.30M | 101.90M | -37.80M | -36.70M | -143.40M | 371.90M |
| Repurchase of Common Stock | -119.50M | -202.50M | -124.50M | -178.00M | -29.70M | -100.20M |
| Common Dividends Paid | -83.80M | -91.30M | -89.20M | |||
| Other Financing Activities | -137.60M | -140.20M | -114.90M | -106.80M | 65.00M | -57.30M |
| Financing Cash Flow | -239.60M | -332.10M | -366.40M | -321.50M | -108.10M | 214.40M |
| Foreign Exchange Rate Adjustments | -8.50M | -2.50M | -1.00M | 400.00K | -4.40M | 11.00M |
| Net Cash Flow | 6.80M | -78.50M | 3.60M | 32.90M | 112.60M | -128.30M |
| Free Cash Flow | 251.40M | 252.20M | 355.10M | 348.40M | 224.70M | 227.10M |
| Free Cash Flow Margin | 8.48% | 8.32% | 11.46% | 11.44% | 7.64% | 8.71% |
| Free Cash Flow Per Share | 1.75 | 1.68 | 2.19 | 2.04 | 1.29 | 1.27 |
| Levered Free Cash Flow | 128.26M | 175.56M | 266.88M | 294.60M | 151.30M | 131.81M |
| Unlevered Free Cash Flow | 196.00M | 241.84M | 335.69M | 366.01M | 190.85M | 167.44M |
| Free Cash Flow After Leases | 216.60M | 218.00M | 323.80M | 318.30M | 198.20M | 207.70M |
| Cash Interest Paid | 109.00M | 111.90M | 112.20M | 103.10M | 54.20M | 36.70M |
| Cash Income Tax Paid | 60.90M | 74.10M | 49.10M | 92.80M | 80.20M | 95.20M |
| Change in Working Capital | -35.70M | -47.50M | -11.60M | 58.00M | -96.80M | -23.50M |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.73B | 1.83B | 2.70B | 2.83B | 2.97B | 4.49B |
| Enterprise Value | 4.06B | 4.08B | 4.70B | 4.83B | 5.25B | 7.05B |
| Last Close Price | 12.03 | 11.95 | 15.35 | 14.99 | 15.25 | 22.45 |
| PE Ratio | 12.49 | 11.43 | 11.48 | 13.28 | 11.14 | 21.79 |
| Forward PE | 7.70 | 6.08 | 8.84 | 9.11 | 9.28 | 13.39 |
| PS Ratio | 0.51 | 0.52 | 0.84 | 0.84 | 0.95 | 1.51 |
| PB Ratio | 0.58 | 0.63 | 0.98 | 0.99 | 1.07 | 1.72 |
| P/FCF Ratio | 6.10 | 6.20 | 7.34 | 7.34 | 12.39 | 17.37 |
| P/OCF Ratio | 4.64 | 4.72 | 5.99 | 5.94 | 9.16 | 12.88 |
| PEG Ratio | 2.16 | 1.39 | 1.04 | 2.92 | 1.22 | 1.50 |
| EV/Sales Ratio | 1.19 | 1.15 | 1.47 | 1.44 | 1.67 | 2.38 |
| EV/EBITDA Ratio | 7.75 | 7.19 | 8.79 | 9.17 | 10.12 | 14.06 |
| EV/EBIT Ratio | 9.24 | 8.48 | 10.03 | 10.68 | 11.58 | 16.06 |
| EV/FCF Ratio | 14.37 | 13.77 | 12.79 | 12.55 | 21.87 | 27.31 |
| Debt / Equity Ratio | 0.92 | 0.92 | 0.82 | 0.83 | 0.85 | 0.98 |
| Debt / EBITDA Ratio | 4.77 | 4.48 | 4.01 | 4.26 | 4.38 | 4.91 |
| Debt / FCF Ratio | 9.20 | 9.09 | 6.13 | 6.17 | 9.90 | 9.90 |
| Net Debt / Equity Ratio | 0.81 | 0.79 | 0.67 | 0.67 | 0.71 | 0.87 |
| Net Debt / EBITDA Ratio | 4.46 | 4.07 | 3.43 | 3.64 | 3.82 | 4.52 |
| Net Debt / FCF Ratio | 8.11 | 7.80 | 5.00 | 4.98 | 8.25 | 8.78 |
| Asset Turnover | 0.47 | 0.47 | 0.48 | 0.48 | 0.47 | 0.44 |
| Inventory Turnover | 4.63 | 4.99 | 4.92 | 4.84 | 4.90 | 4.93 |
| Quick Ratio | 0.66 | 0.64 | 0.68 | 0.68 | 0.66 | 0.49 |
| Current Ratio | 1.10 | 1.07 | 1.10 | 1.13 | 1.19 | 0.96 |
| Return on Equity (ROE) | 4.89% | 5.30% | 8.64% | 7.41% | 10.18% | 8.18% |
| Return on Assets (ROA) | 3.75% | 4.01% | 4.41% | 4.01% | 4.25% | 4.11% |
| Return on Invested Capital (ROIC) | 8.05% | 8.66% | 8.45% | 7.08% | 7.55% | 7.52% |
| Return on Capital Employed (ROCE) | 7.20% | 7.80% | 8.50% | 7.60% | 7.90% | 7.40% |
| Earnings Yield | 8.01% | 8.75% | 8.71% | 7.53% | 8.97% | 4.59% |
| FCF Yield | 16.40% | 16.14% | 13.62% | 13.62% | 8.07% | 5.76% |
| Dividend Yield | 5.50% | 5.28% | 3.59% | 0.86% | ||
| Payout Ratio | 68.72% | 66.79% | 39.28% | |||
| Buyback Yield / Dilution | 8.62% | 7.41% | 5.25% | 1.76% | 2.13% | 10.02% |
| Total Shareholder Return | 14.16% | 12.69% | 8.83% | 2.63% | 2.13% | 10.02% |