Nathan's Famous Income Statement

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 28, 2025	Mar '25 Mar 30, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 26, 2023	Mar '22 Mar 27, 2022	Mar '21 Mar 28, 2021
Revenue	157.78	148.18	138.61	130.79	114.88	75.84
Revenue Growth (YoY)	7.79%	6.91%	5.98%	13.84%	51.48%	-26.60%
Cost of Revenue	109.42	96.2	89.36	81.14	70.82	37.1
Gross Profit	48.36	51.98	49.25	49.64	44.06	38.74
Selling, General & Admin	15.65	14.53	15.61	14.06	13.15	12.04
Operating Expenses	16.57	15.49	16.75	15.2	14.2	13.22
Operating Income	31.79	36.5	32.51	34.45	29.86	25.52
Interest Expense	-2.97	-4.11	-5.36	-7.74	-10.14	-10.6
Interest & Investment Income	0.84	0.67	0.38	0.44	0.11	0.36
Other Non Operating Income (Expenses)	0.1	0.09	0.09	0.11	0.05	0.05
EBT Excluding Unusual Items	29.76	33.15	27.62	27.25	19.89	15.33
Gain (Loss) on Sale of Assets	-	-	-	-0.09	-	-
Other Unusual Items	0.08	-0.39	-0.17	-0.36	-1.35	-
Pretax Income	29.85	32.76	27.45	26.8	18.54	15.33
Income Tax Expense	8.4	8.74	7.84	7.18	4.94	4.25
Net Income	21.45	24.03	19.62	19.62	13.6	11.08
Net Income to Common	21.45	24.03	19.62	19.62	13.6	11.08
Net Income Growth	-9.51%	22.48%	-0.04%	44.33%	22.76%	-17.57%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	0.69%	0.20%	-0.07%	-0.61%	-0.02%	-2.37%
EPS (Basic)	5.24	5.88	4.81	4.80	3.30	2.69
EPS (Diluted)	5.20	5.87	4.80	4.80	3.30	2.69
EPS Growth	-10.31%	22.29%	0.02%	45.42%	22.68%	-15.59%
Free Cash Flow	22.1	25.02	19.69	19.21	15.84	11.22
Free Cash Flow Per Share	5.36	6.11	4.82	4.70	3.85	2.73
Dividend Per Share	2.000	2.000	2.000	1.850	1.500	1.400
Dividend Growth	-	-	8.11%	23.33%	7.14%	-
Gross Margin	30.65%	35.08%	35.53%	37.96%	38.35%	51.08%
Operating Margin	20.15%	24.63%	23.45%	26.34%	25.99%	33.64%
Profit Margin	13.59%	16.21%	14.15%	15.00%	11.83%	14.60%
Free Cash Flow Margin	14.00%	16.88%	14.21%	14.69%	13.79%	14.79%
EBITDA	32.71	37.45	33.64	35.58	30.92	26.7
EBITDA Margin	20.73%	25.28%	24.27%	27.21%	26.91%	35.20%
D&A For EBITDA	0.92	0.96	1.14	1.14	1.05	1.18
EBIT	31.79	36.5	32.51	34.45	29.86	25.52
EBIT Margin	20.15%	24.63%	23.45%	26.34%	25.99%	33.64%
Effective Tax Rate	28.14%	26.66%	28.54%	26.79%	26.65%	27.73%
Revenue as Reported	157.78	148.18	138.61	130.79	114.88	75.84
Advertising Expenses	-	0.09	0.12	0.13	0.07	0.07

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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