Nathan's Famous (NATH) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Nathan's Famous

NasdaqGS•Consumer Cyclical•Restaurants

$98.30-0.37(<0.01%)Pre-market

Market Cap

$401.74M

P/E

20.2x

P/S

2.4x

Nathan's Famous, Inc., along with its subsidiaries, operates in the foodservice industry both in the United States and internationally. It operates through three segments: Branded Product Program; Product licensing; and Restaurant operations. The company owns and franchises restaurants under the Nathan's Famous brand name. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded beef hot dogs, crinkle-cut french fries, and sausages in refrigerated consumer packages, which are resold through retail channels such as supermarkets, grocery stores, mass merchandisers, and club stores. In addition, the company has license agreements to manufacture Nathan's Famous branded hot dog and sausage products in bulk for use in the foodservice industry, supply Nathan's Famous natural casing and skinless hot dogs in bulk for use in the Nathan's Famous restaurant system, as well as manufacture proprietary spices; produce and distribute pickles; and produce and sell french fries and onion rings for retail sale. Further, the company produces and sells miniature bagel dogs, franks-in-a-blanket, mozzarella sticks, corn dog nuggets, other hors d'oeuvres, and bottled mustard through club stores, supermarkets, and other retail food stores. Additionally, it sells Nathan's products directly to foodservice operators or various foodservice distributors, and provides Fish-n-Chips under the Arthur Treacher's brand name. Nathan's Famous, Inc. was founded in 1916 and is headquartered in Jericho, New York.

How this company scores

WeakMetricSide Score: 55/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Cash & Earnings Quality (17/25); weakest: Profitability (11/25).

Profitability11/25

Growth14/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality17/25

Strengths

Strong marginsInterest easily coveredCash-backed earningsConsistent growth

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.2x5y range 0.0x – 20.6x

Currently above its 20-quarter median.

P/S · 2.4x5y range 0.0x – 3.0x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 26.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Price & Volume

Market Cap $401.74M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $169.13M
Q. Revenue: $54.06M
TTM EBITDA: $30.91M
TTM Op. Income: $29.98M
Q. Op. Income: $12.67M
TTM Net Income: $19.92M
Q. Net Income: $8.83M
EPS: $2.16
Shares Out.: $4.09M

$169.13M in TTM revenue grew 12.4% YoY, reaching $54.06M last quarter. TTM EBITDA of $30.91M and TTM operating income of $29.98M show growth is flowing through to the bottom line. TTM net income of $19.92M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 34.9%
EBITDA Margin: 23.9%
Op. Margin: 23.4%
Net Margin: 16.3%

Op. margin of 23.4% is down 3.8% YoY — costs are rising relative to revenue. Net margin at 16.3% and gross margin of 34.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 14% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.2x
P/S Ratio: 2.4x
P/B Ratio: N/A

At 20.2x P/E, the stock trades within typical market levels. P/S of 2.4x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 6% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $64.79M
Cash: $24.69M
Long-Term Debt: $45.16M
Book Value: $-7.16M
D/E Ratio: N/A
Debt/EBITDA: 3.5

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $949,000
TTM Free Cash Flow: $19.08M
FCF Margin: 11.3%
FCF / Net Income: 1.0

TTM FCF of $19.08M on $949,000 in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 3% — an improving trend.