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MARKETS / NASDAQ / NATH
NASDAQ · RETAIL-EATING PLACES · MID CAP

Nathans Famous, Inc. NATH

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$162.1M
▲ 9.4% YoY
$20.0M
▼ 16.7% YoY
$17.9M
▼ 28.6% YoY
In brief

What this company does

Nathan's Famous, Inc. licenses, distributes at wholesale, and retails products marketed under its Nathan's Famous brand, including Nathan's World Famous Beef Hot Dogs. As of March 29, 2026, the Company employed 129 people, comprising 29 corporate management and administrative employees, 20 restaurant managers and 80 hourly full-time and part-time foodservice employees. It organizes its operations into three reportable segments: Branded Product Program, Product licensing, and Restaurant operations. As of March 29, 2026, it operated four Company-owned restaurants, including one seasonal unit, within the New York metropolitan area. At March 29, 2026, its franchise system, including its Branded Menu Program, consisted of 221 locations operating in 19 states and 11 foreign countries. It was incorporated in Delaware on July 10, 1992 under the name Nathan's Famous Holding Corporation, to act as the parent of a Delaware corporation then known as Nathan's Famous, Inc.

Written from the business description in NATHANS FAMOUS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 9 June 2026. Every sentence was checked against that document before publication.

Growth
USD 162.1M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 162.1 · Net income 20.0
80M160M200920112013201520172019202120232025
Compound annual growth
+7.4%
+16.4%
+4.9%
+7.2%
+0.7%
+12.6%
+12.6%
+15.8%
+0.3%
+12.5%
+13.5%
+18.1%
+34.5%
+26.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.4% a year over five years — but profit grew slower: net income at +12.6%, earnings per share at +12.5%.

The share count fell from 0.00B to 0.00B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
12 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 18.6% · Net 12.4%
10%20%30%200920112013201520172019202120232025
ROE
FY2013 · ROE 21.3%
10%20%200920112013201520172019202120232025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 17.9
10M20M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2023 · Dividends — · Net buybacks 0.0
40M80M20092011201320152017201920212023

Total assetsUSD 53.7M
EquityUSD -14.2M
CashUSD 24.4M
Gross debtUSD 48.1M
Net debtUSD 23.7M
Current ratio2.49×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.20.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.1
Operating income $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.0···
EBITDA $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.0···
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.00.00.00.00.00.00.00.00.00.00.00.0−0.00.00.00.00.0
EPS, diluted $4.855.874.804.803.302.693.195.090.621.781.372.551.811.631.220.400.97
Dividend / sh $4.502.002.001.851.501.401.401.005.00·0.0025.000.000.00···
Payout %···3945·44·80156984·····
ROE %············21.323.718.45.412.6
Shares out B0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Eating Places
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsMarch 28
Data on record since2009

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