Stocks · Consumer discretionary · Retail-Eating Places

NATHANS FAMOUS, INC.

NATH Clue Score57
United States Fiscal year ends March CIK 0000069733
$101.77 +0.02% Close, 9 Oct 2026
Price $101.77 +62.70% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue96.3Operating income26.3Net income7.5EPS, diluted1.78Fiscal year 2018Revenue104.2 +8.3%Operating income27.1Net income2.6 −64.9%EPS, diluted0.62 −65.2%Fiscal year 2019Revenue101.8 −2.3%Operating income28.0Net income21.5 +717.2%EPS, diluted5.09 +721.0%Fiscal year 2020Revenue103.3 +1.4%Operating income27.2Net income13.4 −37.5%EPS, diluted3.19 −37.3%Fiscal year 2021Revenue75.8 −26.6%Operating income25.5Net income11.1 −17.6%EPS, diluted2.69 −15.7%Fiscal year 2022Revenue114.9 +51.5%Operating income29.9Net income13.6 +22.8%EPS, diluted3.30 +22.7%Fiscal year 2023Revenue130.8 +13.8%Operating income34.4Net income19.6 +44.3%EPS, diluted4.80 +45.5%Fiscal year 2024Revenue138.6 +6.0%Operating income32.5Net income19.6 −0.0%EPS, diluted4.80 +0.0%Fiscal year 2025Revenue148.2 +6.9%Operating income36.5Net income24.0 +22.5%EPS, diluted5.87 +22.3%Fiscal year 2026Revenue162.1 +9.4%Operating income30.1Net income20.0 −16.7%EPS, diluted4.85 −17.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 96.3 104.2 101.8 103.3 75.8 114.9 130.8 138.6 148.2 162.1
Growth +8.3% −2.3% +1.4% −26.6% +51.5% +13.8% +6.0% +6.9% +9.4%
Operating income 26.3 27.1 28.0 27.2 25.5 29.9 34.4 32.5 36.5 30.1
Net income 7.5 2.6 21.5 13.4 11.1 13.6 19.6 19.6 24.0 20.0
Growth −64.9% +717.2% −37.5% −17.6% +22.8% +44.3% −0.0% +22.5% −16.7%
EPS, diluted 1.78 0.62 5.09 3.19 2.69 3.30 4.80 4.80 5.87 4.85
Growth −65.2% +721.0% −37.3% −15.7% +22.7% +45.5% +0.0% +22.3% −17.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Operating margin27.3%Net margin7.8%Free cash flow margin9.6%Fiscal year 2018Operating margin26.0%Net margin2.5%Free cash flow margin17.6%Fiscal year 2019Operating margin27.5%Net margin21.1%Free cash flow margin10.5%Fiscal year 2020Operating margin26.3%Net margin13.0%Free cash flow margin11.1%Fiscal year 2021Operating margin33.6%Net margin14.6%Free cash flow margin14.8%Fiscal year 2022Operating margin26.0%Net margin11.8%Free cash flow margin13.8%Fiscal year 2023Operating margin26.3%Net margin15.0%Free cash flow margin14.7%Fiscal year 2024Gross margin40.0%Operating margin23.5%Net margin14.2%Free cash flow margin14.2%Fiscal year 2025Gross margin39.5%Operating margin24.6%Net margin16.2%Free cash flow margin16.9%Fiscal year 2026Gross margin34.3%Operating margin18.6%Net margin12.4%Free cash flow margin11.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin n/a n/a n/a n/a n/a n/a n/a 40.0% 39.5% 34.3%
Operating margin 27.3% 26.0% 27.5% 26.3% 33.6% 26.0% 26.3% 23.5% 24.6% 18.6%
Net margin 7.8% 2.5% 21.1% 13.0% 14.6% 11.8% 15.0% 14.2% 16.2% 12.4%
Free cash flow margin 9.6% 17.6% 10.5% 11.1% 14.8% 13.8% 14.7% 14.2% 16.9% 11.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow10.4Capital expenditure−1.1Free cash flow9.3Buybacks−1.3Dividends paid−0.4Fiscal year 2018Operating cash flow18.9Capital expenditure−0.6Free cash flow18.3 +97.1%Dividends paid−21.1Fiscal year 2019Operating cash flow11.2Capital expenditure−0.4Free cash flow10.7 −41.5%Buybacks−1.0Fiscal year 2020Operating cash flow12.3Capital expenditure−0.9Free cash flow11.5 +7.2%Buybacks−5.0Dividends paid−5.9Fiscal year 2021Operating cash flow11.8Capital expenditure−0.6Free cash flow11.2 −2.3%Buybacks−1.5Fiscal year 2022Operating cash flow16.5Capital expenditure−0.6Free cash flow15.8 +41.2%Buybacks0.0Dividends paid−6.2Fiscal year 2023Operating cash flow19.8Capital expenditure−0.6Free cash flow19.2 +21.3%Buybacks−1.9Dividends paid−7.6Fiscal year 2024Operating cash flow20.0Capital expenditure−0.3Free cash flow19.7 +2.5%Buybacks0.0Fiscal year 2025Operating cash flow25.2Capital expenditure−0.2Free cash flow25.0 +27.1%Fiscal year 2026Operating cash flow18.2Capital expenditure−0.4Free cash flow17.9 −28.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 10.4 18.9 11.2 12.3 11.8 16.5 19.8 20.0 25.2 18.2
Capital expenditure −1.1 −0.6 −0.4 −0.9 −0.6 −0.6 −0.6 −0.3 −0.2 −0.4
Free cash flow 9.3 18.3 10.7 11.5 11.2 15.8 19.2 19.7 25.0 17.9
Growth +97.1% −41.5% +7.2% −2.3% +41.2% +21.3% +2.5% +27.1% −28.6%
Buybacks −1.3 n/a −1.0 −5.0 −1.5 0.0 −1.9 0.0 n/a n/a
Dividends paid −0.4 −21.1 n/a −5.9 n/a −6.2 −7.6 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash56.9Total debt131.5Net cash (debt)−74.6Shareholders’ equity−66.5Fiscal year 2018Cash57.3Total debt144.8Net cash (debt)−87.4Shareholders’ equity−84.6Fiscal year 2019Cash75.4Total debt145.4Net cash (debt)−70.0Shareholders’ equity−70.1Fiscal year 2020Cash77.1Total debt146.1Net cash (debt)−69.0Shareholders’ equity−66.4Fiscal year 2021Cash81.1Total debt146.8Net cash (debt)−65.8Shareholders’ equity−62.5Fiscal year 2022Cash50.1Total debt108.2Net cash (debt)−58.1Shareholders’ equity−55.0Fiscal year 2023Cash29.9Total debt79.0Net cash (debt)−49.2Shareholders’ equity−44.6Fiscal year 2024Cash21.0Total debt59.6Net cash (debt)−38.5Shareholders’ equity−32.9Fiscal year 2025Cash27.8Total debt50.5Net cash (debt)−22.7Shareholders’ equity−16.5Fiscal year 2026Cash24.4Total debt48.1Net cash (debt)−23.7Shareholders’ equity−14.2
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 56.9 57.3 75.4 77.1 81.1 50.1 29.9 21.0 27.8 24.4
Total debt 131.5 144.8 145.4 146.1 146.8 108.2 79.0 59.6 50.5 48.1
Net cash (debt) −74.6 −87.4 −70.0 −69.0 −65.8 −58.1 −49.2 −38.5 −22.7 −23.7
Shareholders’ equity −66.5 −84.6 −70.1 −66.4 −62.5 −55.0 −44.6 −32.9 −16.5 −14.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 26 Mar 2017 FY2018 25 Mar 2018 FY2019 31 Mar 2019 FY2020 29 Mar 2020 FY2021 28 Mar 2021 FY2022 27 Mar 2022 FY2023 26 Mar 2023 FY2024 31 Mar 2024 FY2025 30 Mar 2025 FY2026 29 Mar 2026
Margins
n/a n/a n/a n/a n/a n/a n/a 40.0% 39.5% 34.3%
27.3% 26.0% 27.5% 26.3% 33.6% 26.0% 26.3% 23.5% 24.6% 18.6%
12.3% 3.9% 28.9% 17.4% 20.2% 16.1% 20.5% 19.8% 22.1% 17.4%
7.8% 2.5% 21.1% 13.0% 14.6% 11.8% 15.0% 14.2% 16.2% 12.4%
9.6% 17.6% 10.5% 11.1% 14.8% 13.8% 14.7% 14.2% 16.9% 11.0%
Spending
14.2% 12.9% 13.6% 14.3% 15.9% 11.4% 10.8% 11.3% 9.8% 11.0%
1.2% 0.5% 0.4% 0.8% 0.7% 0.6% 0.5% 0.2% 0.2% 0.2%
36.6% 36.0% 26.9% 25.4% 27.7% 26.7% 26.8% 28.5% 26.7% 29.0%
Returns
9.6% 3.3% 22.8% 12.8% 10.2% 17.3% 33.5% 40.1% 44.9% 37.3%
Balance and payout
185.1% 205.6% 174.4% 163.1% 157.4% 170.0% 176.0% 167.4% 130.9% 126.5%
5.0% 801.3% n/a 44.0% n/a 45.4% 38.5% n/a n/a n/a
17.7% 115.2% 9.3% 94.8% 13.4% 39.0% 49.2% 0.0% n/a n/a