NOMDNYSEFood and Kindred ProductsFiscal year ends December 31
Nomad Foods Ltd
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 20-F on Feb 26, 2026
$11.70−0.06 (-0.51%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
27.1%−3.2 pts over 5 years
Operating margin
10.7%−3.5 pts over 5 years
Net margin
4.5%−4.4 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 | -2.2% | +1.0% | +3.8% | – | |
| Gross profit | -10.3% | +0.3% | +1.5% | – | |
| Operating income | -15.9% | -4.7% | -2.0% | – | |
| Net income | -39.8% | -18.2% | -9.5% | – | |
| EPS, diluted | -35.0% | -14.0% | -4.4% | – | |
| Free cash flow | -29.0% | +3.9% | -8.7% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -121.9% | 9.6% | – | |
| Return on assets | – | 3.9% | 2.1% | |
| Current ratio | – | 1.06 | 1.07 | |
| Debt to equity | – | 0.83 | – | |
| Net debt to EBITDA | – | 3.20× | – | |
| Interest coverage | – | 5.3× | 1.7× | |
| Inventory turnover | – | 5.3× | 5.0× | |
| Capex to revenue | – | 2.3% | 2.6% | |
| Diluted shares | – | 193M | 150M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Nomad Foods generated €1.81B from operations and spent €1.17B on capital expenditure, dividends and share buybacks. 34% of that went back into the business.
Generated
€1.81B
Used
€1.17B
Capital expenditure€399.50M34%Dividends€180.50M15%Share buybacks€589.60M50%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.3%
×Asset turnover0.48×
×Equity multiplier2.45×
=Return on equity, FY20248.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 7.3% | 0.48× | 2.45× | 8.6% |
| FY2023 | 6.3% | 0.48× | 2.45× | 7.4% |
| FY2022 | 8.5% | 0.47× | 2.55× | 10.2% |
| FY2021 | 6.9% | 0.44× | 2.66× | 8.2% |
| FY2020 | 9.0% | 0.44× | 2.45× | 9.6% |
| FY2019 | 6.6% | 0.41× | 2.44× | 6.7% |
| FY2018 | 7.9% | 0.44× | 2.54× | 8.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero€136.70M
- Cash generatingOperating cash flow above zero€330.70M
- Return on assets improvedROA up on the prior year3.5% → 2.1%
- Earnings backed by cashOperating cash flow above net income€330.70M vs €136.70M
- Less leverageLong-term debt to assets fell33.5% → 35.7%
- Better liquidityCurrent ratio rose1.10 → 1.07
- No dilutionShare count did not rise161M → 150M
- Gross margin improvedGross margin up on the prior year29.61% → 27.14%
- More efficientAsset turnover rose0.48 → 0.47