NATHNasdaqRetail-Eating PlacesFiscal year ends March 28
NATHANS FAMOUS, INC.
Financials through Q1 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 7, 2026
$101.88−0.02 (-0.02%)
Close on Oct 19, 2026
- Market cap
- $420.66M
- P/E (TTM)
- 21.1
- Dividend yield
- 4.42%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
34.3%−22.8 pts over 5 years
Operating margin
18.6%−15.1 pts over 5 years
Net margin
12.4%−2.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.4% | +7.4% | +16.4% | +4.9% | |
| Gross profit | -5.0% | -0.0% | +5.1% | +2.6% | |
| Operating income | -17.5% | -4.4% | +3.4% | +1.9% | |
| Net income | -16.7% | +0.7% | +12.6% | +12.6% | |
| EPS, diluted | -17.4% | +0.3% | +12.5% | +13.5% | |
| Free cash flow | -28.6% | -2.4% | +9.8% | +4.6% | |
| Dividend per share | +125.0% | +34.5% | +26.3% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -10.8% | -17.2% | -130.3% | |
| Return on assets | 10.0% | 10.3% | 37.4% | |
| Current ratio | 6.27 | 6.49 | 2.49 | |
| Debt to equity | -1.98 | -2.35 | -3.38 | |
| Net debt to EBITDA | 2.70× | 2.46× | 0.77× | |
| Interest coverage | – | – | 10.5× | |
| Inventory turnover | 81.6× | 64.9× | 100.9× | |
| Capex to revenue | 1.2% | 0.7% | 0.2% | |
| Diluted shares | 4M | 4M | 4M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Nathans Famous generated $99.79M from operations and spent $17.80M on capital expenditure, dividends and share buybacks. 12% of that went back into the business.
Generated
$99.79M
Used
$17.80M
Capital expenditure$2.17M12%Dividends$13.74M77%Share buybacks$1.89M11%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.4%
×Asset turnover3.03×
×Equity multiplier-3.49×
=Return on equity, FY2025-130.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.4% | 3.03× | -3.49× | -130.3% |
| FY2024 | 16.2% | 2.90× | -2.07× | -97.2% |
| FY2023 | 14.2% | 2.58× | -1.39× | -50.6% |
| FY2022 | 15.0% | 1.91× | -1.38× | -39.4% |
| FY2021 | 11.8% | 1.23× | -1.59× | -23.1% |
| FY2020 | 14.6% | 0.71× | -1.66× | -17.2% |
| FY2019 | 13.0% | 1.04× | -1.46× | -19.7% |
| FY2018 | 21.1% | 1.17× | -1.13× | -27.8% |
| FY2017 | 2.5% | 1.32× | -1.05× | -3.5% |
| FY2016 | 7.8% | 1.29× | -1.08× | -10.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$20.02M
- Cash generatingOperating cash flow above zero$18.23M
- Return on assets improvedROA up on the prior year49.2% → 37.4%
- Earnings backed by cashOperating cash flow above net income$18.23M vs $20.02M
- Less leverageLong-term debt to assets fell89.9% → 85.3%
- Better liquidityCurrent ratio rose2.69 → 2.49
- No dilutionShare count did not rise4M → 4M
- Gross margin improvedGross margin up on the prior year39.46% → 34.27%
- More efficientAsset turnover rose3.03 → 3.03