Nathan's Famous Inc NATH

Consumer DiscretionaryHotels & Entertainment ServicesUnited States of America

Last close 102.05 USD on Nov 2, 2026, +10.1% year to date

Quant rating

Quant rating D Rank 310 of 344 in Consumer Discretionary

Growth D 318 of 344
Valuation D 285 of 344
Quality C 231 of 344
Revisions D 318 of 344
Momentum B 129 of 344

Historical valuation

Valuation history unavailable.

Key data

Market cap: 418M
Enterprise value: 441M
52-week range: 89.00 – 108.07
3-year range: 62.71 – 112.78
Dividend yield: 1.96%
Beta (5 years): 0.25
Shares outstanding: 4.1M
Next earnings: –

About the company

Nathan’s Famous, Inc. is a licensor, wholesaler and retailer of products marketed under its Nathan’s Famous brand, including its Nathan’s World Famous Beef Hot Dogs. The Company distributes its products in 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, and 20 foreign countries. The Branded Product Program segment is engaged in the sale of hot dog products either directly to foodservice operators or to various foodservice distributors who resell the products to foodservice operators. The Product licensing segment includes royalties, from licensing a range of its branded products, including its hot dogs, sausage and corned beef products, frozen French fries and additional products, through retail grocery channels and club stores throughout the United States. The Restaurant operations segment is engaged in the sale of its products at Company-owned restaurants and earns fees and royalties from its franchised restaurants, including its virtual kitchens.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	162	148	139	131	115	–
Revenue growth	9.4%	6.9%	6.0%	13.8%	51.5%	16.4%
EPS (basic, normalized)	–	–	–	–	–	–
EPS growth	–	–	–	–	–	–
Gross margin	33.2%	38.4%	38.8%	41.3%	42.0%	38.8%
Net margin	12.4%	16.2%	14.2%	15.0%	11.8%	13.9%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	24.7
Current ratio	2.45x
Long-term debt (mil)	45.2
Net debt (mil)	22.9
Total equity (mil)	−7.2
Net debt / equity	−3.19x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	162	+9.4%	2.7x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–
2029	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Hotels & Entertainment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
NATH Nathan's Famous Inc	418M	–	12.4%	−58.39x	–	–	–	–
CMPGY Compass Group PLC	58.6B	–	–	–	23.4x	21.3x	–	–
QSR Restaurant Brands International Inc.	26.0B	4.76x	9.6%	8.55x	18.3x	16.9x	12.8x	12.1x
DRI Darden Restaurants Inc	25.2B	1.92x	9.2%	12.21x	19.8x	18.0x	12.9x	12.1x
EXHO Sodexo SA	9.8B	–	1.3%	2.32x	17.8x	14.8x	9.0x	7.9x
WING Wingstop Inc.	4.4B	4.53x	25.0%	−5.71x	39.2x	32.5x	22.1x	19.0x
Mean		3.74x	11.5%	−8.20x	23.7x	20.7x	14.2x	12.8x
Median		4.53x	9.6%	2.32x	19.8x	18.0x	12.9x	12.1x

Technical analysis

1M+0.6%
3M+4.0%
1Y+3.3%
3Y+77.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Nathan's Famous Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	162	148	139	131	115	75.8
Cost of revenue	108	91.3	84.8	76.7	66.6	33.8
Gross profit	53.9	56.9	53.8	54.0	48.3	42.0
Selling, general & administrative expenses	22.9	19.4	20.1	18.5	17.3	15.3
Research & development	–	–	–	–	–	–
Depreciation/amortization	0.9	1.0	1.1	1.1	1.1	1.2
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	0	0.4	0.2	0.4	1.4	–
Other operating expenses	0	0	0	0	0	0
Operating income	30.1	36.1	32.3	34.1	28.5	25.5
Net interest income (expense)	−2.1	−3.4	−5.0	−7.3	−10.0	−10.2
Gain (loss) on sale of assets	0.1	–	–	–	–	–
Other non-operating income (expense)	0.1	0.1	0.1	0	0.1	0
Net income before taxes	28.2	32.8	27.5	26.8	18.5	15.3
Provision for taxes	8.2	8.7	7.8	7.2	4.9	4.2
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	20.0	24.0	19.6	19.6	13.6	11.1
Extraordinary items	–	–	–	–	–	–
Net income	20.0	24.0	19.6	19.6	13.6	11.1
EBIT, normalized	30.1	36.5	32.5	34.4	29.9	25.5
EBITDA, normalized	31.0	37.5	33.6	35.6	30.9	26.7
Basic EPS, normalized	–	–	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Nathan's Famous Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	24.4	27.8	21.0	29.9	50.1	81.1
Receivables	19.8	14.1	14.7	15.1	13.4	11.7
Total inventory	0.9	1.2	0.8	0.5	0.5	0.6
Prepaid expenses	0.7	1.0	1.2	0.6	0.4	0.8
Other current assets	1.3	1.1	1.0	1.3	1.0	0.6
Total current assets	47.1	45.1	38.8	47.4	65.4	94.7
Property, plant & equipment	5.4	7.1	8.9	9.7	11.2	12.4
Goodwill	0.1	0.1	0.1	0.1	0.1	0.1
Intangibles	0.3	0.5	0.7	0.9	1.0	1.2
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	0.7	0.6	0.4	0.5	0.8	0.5
Total assets	53.7	53.5	48.9	58.6	78.5	109
Liabilities
Accounts payable	7.9	6.2	5.7	6.5	6.4	4.0
Payable/accrued	–	–	–	–	–	–
Accrued expenses	7.1	6.5	8.1	8.5	8.7	9.5
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	2.4	2.4	–	–	–	–
Other current liabilities	1.5	1.7	1.7	1.7	1.3	1.1
Total current liabilities	18.9	16.8	15.6	16.7	16.4	14.6
Long-term debt	45.7	48.1	59.6	79.0	108	147
Minority interest	–	–	–	–	–	–
Other liabilities	3.2	5.2	6.6	7.4	8.9	9.9
Total liabilities	67.9	70.0	81.8	103	134	171
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.1	0.1	0.1	0.1	0.1	0.1
Additional paid-in capital	64.2	63.5	62.9	62.6	62.3	62.2
Retained earnings (accumulated deficit)	8.2	6.6	−9.3	−20.6	−32.6	−40.0
Treasury stock	−86.7	−86.7	−86.7	−86.7	−84.8	−84.8
Other equity	0	0	0	0	0	0
Total equity	−14.2	−16.5	−32.9	−44.6	−55.0	−62.5
Total liabilities & shareholders' equity	53.7	53.5	48.9	58.6	78.5	109

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Nathan's Famous Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	20.0	24.0	19.6	19.6	13.6	11.1
Depreciation, depletion & amortization	0.9	1.0	1.1	1.1	1.1	1.2
Deferred taxes	−0.1	−0.2	0.2	0.2	−0.4	−0.1
Non-cash items	1.1	1.7	1.3	1.5	2.1	1.0
Changes in working capital	−3.8	−1.2	−2.2	−2.6	0.1	−1.4
Cash from operations	18.2	25.2	20.0	19.8	16.5	11.8
Investing activities
Capital expenditures	−0.4	−0.2	−0.3	−0.6	−0.6	−0.6
Other investing cash flows	0	0	0	0	0	0
Cash from investing	−0.4	−0.2	−0.3	−0.6	−0.6	−0.6
Financing activities
Financing cash flow items	−0.5	−0.9	−0.4	0	0	0
Cash dividends paid	−18.4	−8.2	−8.2	−7.6	−6.2	−5.8
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−2.4	−9.2	−20.0	−31.9	−40.7	−1.5
Cash from financing	−21.3	−18.2	−28.5	−39.5	−46.8	−7.3
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−3.4	6.8	−8.8	−20.2	−31.0	3.9
Free cash flow	17.9	25.0	19.7	19.2	15.8	11.2

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.