The Tip Desk

NATHANS FAMOUS, INC.

Company Stats

Market Cap
$415.6M
as of Sep 30, 2026
Enterprise Value
$439.6M
Shares Outstanding
4.1M
Free Float
15.7%

Income Statement

Revenue
$162.1M
Operating Income
$30.1M
Net Income
$20.0M
EBITDA
$31.0M
Revenue Growth, 3Y
7.4%
FCF Margin, 3Y Avg
14.0%
FCF Margin, Worst Year
11.0%

Cash Flow

Free Cash Flow
$17.9M
FCF Yield
4.3%
Owner FCF Yield
4.0%

Balance Sheet

Cash & Equivalents
$24.4M
Total Debt
$48.4M
Net Debt
$24.0M
Net Debt / EBITDA
0.77x
EV / EBITDA
14.17x
Net Debt / EBIT
0.80x

Returns & Capital

SBC, 3Y Avg
$952,667

Cash Flow by Year

YearRevenueFCFMargin
FY2026$162.1M$17.9M11.0%
FY2025$148.2M$25.0M16.9%
FY2024$138.6M$19.7M14.2%
FY2023$130.8M$19.2M14.7%
FY2022$114.9M$15.8M13.8%

Annual filing data through FY ended March 29, 2026; shares and float as of October 17, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage