Invesaro

Stocks Comparison

National Vision vs Innovative Eyewear: revenue, profit, margins and growth compared

National Vision brought in $2B of revenue in fiscal 2025, Innovative Eyewear $2.7M in fiscal 2025. Revenue changed by +9.0% at National Vision and +62.6% at Innovative Eyewear on the year before, so Innovative Eyewear grew faster. National Vision kept 1.5% of its revenue as net profit, Innovative Eyewear -285.2%. Free cash flow was $73.5M at National Vision and -$7.3M at Innovative Eyewear.

Side by side, latest fiscal year

EYELUCY
Fiscal year endedFY2025 (January 3, 2026)FY2025 (December 31, 2025)
Revenue$2B$2.7M
Revenue growth+9.0%+62.6%
Net income$29.6M-$7.6M
Net margin1.5%-285.2%
Free cash flow$73.5M-$7.3M
Free cash flow margin3.7%-276.1%
Earnings per share (diluted)$0.37-$1.90
Cash$38.7M$6.5M
Debt$236.5Mn/a
Price to earnings44.7n/a
Market value$1.3B$8.2M
Dividend yieldn/an/a
Rank by revenue in sector#111 of 646 · Health care#535 of 646 · Health care

Over the years

Revenue
EYE FY2018: $1.5BEYE FY2019: $1.7BEYE FY2020: $1.7BEYE FY2021: $2.1BEYE FY2022: $1.6BEYE FY2023: $1.8BEYE FY2024: $1.8BEYE FY2025: $2BLUCY FY2022: $690.7KLUCY FY2022: $659.8KLUCY FY2023: $1.2MLUCY FY2024: $1.6MLUCY FY2025: $2.7MFY18FY19FY20FY21FY22FY23FY24FY25
EYE $2BLUCY $2.7M
Net income
EYE FY2018: $23.7MEYE FY2019: $32.8MEYE FY2020: $36.3MEYE FY2021: $128.2MEYE FY2022: $42.1MEYE FY2023: -$65.9MEYE FY2024: -$28.5MEYE FY2025: $29.6MLUCY FY2022: -$3.2MLUCY FY2022: -$5.7MLUCY FY2023: -$6.7MLUCY FY2024: -$7.8MLUCY FY2025: -$7.6MFY18FY19FY20FY21FY22FY23FY24FY25
EYE $29.6MLUCY -$7.6M
Net margin
EYE FY2018: 1.5%EYE FY2019: 1.9%EYE FY2020: 2.1%EYE FY2021: 6.2%EYE FY2022: 2.6%EYE FY2023: -3.8%EYE FY2024: -1.6%EYE FY2025: 1.5%LUCY FY2022: -469.8%LUCY FY2022: -861.2%LUCY FY2023: -578.2%LUCY FY2024: -474.6%LUCY FY2025: -285.2%FY18FY19FY20FY21FY22FY23FY24FY25
EYE 1.5%LUCY -285.2%
Revenue growth
EYE FY2019: +12.2%EYE FY2020: -0.7%EYE FY2021: +21.5%EYE FY2022: -20.9%EYE FY2023: +6.8%EYE FY2024: +3.8%EYE FY2025: +9.0%LUCY FY2022: -4.5%LUCY FY2023: +74.7%LUCY FY2024: +42.0%LUCY FY2025: +62.6%FY19FY20FY21FY22FY23FY24FY25
EYE +9.0%LUCY +62.6%
Free cash flow
EYE FY2018: $2.1MEYE FY2019: $63.8MEYE FY2020: $158.2MEYE FY2021: $163.4MEYE FY2022: $5.7MEYE FY2023: $58.3MEYE FY2024: $38.1MEYE FY2025: $73.5MLUCY FY2022: -$1.2MLUCY FY2022: -$3.3MLUCY FY2023: -$5.8MLUCY FY2024: -$6.8MLUCY FY2025: -$7.3MFY18FY19FY20FY21FY22FY23FY24FY25
EYE $73.5MLUCY -$7.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about National Vision and Innovative Eyewear

Which is bigger by revenue, National Vision or Innovative Eyewear?

National Vision is bigger by revenue: $2B in fiscal 2025, against $2.7M for Innovative Eyewear in fiscal 2025.

Which keeps more of its revenue as profit, National Vision or Innovative Eyewear?

National Vision had a net margin of 1.5% in fiscal 2025; Innovative Eyewear had -285.2% in fiscal 2025.

Which grew revenue faster, National Vision or Innovative Eyewear?

In their latest fiscal years revenue changed by +9.0% at National Vision and +62.6% at Innovative Eyewear.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies