National Vision Holdings, Inc., through its subsidiaries, operates as an optical retailer in the United States. It operates in two segments, Owned & Host and Legacy. The company offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, Vista Optical military, Discount Contacts, and Walmart Vision Center stores. …
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Competitive advantage assessment
Key strengths
Scale Supporting ProfitabilityProfitability at scale is strong (score 0.74), demonstrating competitive advantages.
Key risks
Liquidity ConcernsLiquidity is concerning (score 0.04), raising questions about short-term obligations.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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National Vision Holdings, Inc. ranks #26 of 52
scored companies in Specialty Retail by moat score — the top 50%.
The widest moat in the group is Winmark Corporation (WINA)
at 83/100.
Moat scores for companies ranked near EYE in Specialty Retail
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 39
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 61
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 50
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 37
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 59
· 15% of the moat score
Scale matters only when it converts into economics.
What is National Vision Holdings, Inc.'s moat score?
National Vision Holdings, Inc. (EYE) scores 51 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #26 of 52 scored companies in Specialty Retail, the top 50%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 51 companies in Specialty Retail. Its strongest defense is Customer Stickiness (61/100) and its weakest is Resilience (37/100).
How does National Vision Holdings, Inc. compare with other Specialty Retail companies?
National Vision Holdings, Inc. ranks #26 of 52 scored companies in Specialty Retail by moat score. The widest moat in Specialty Retail is Winmark Corporation (WINA) at 83/100. The companies ranked closest are Tandy Leather Factory, Inc. (TLF) at 52 just above it and ARKO Corp. (ARKO) at 50 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 51 companies in Specialty Retail. The defenses are then weighted to produce the overall score out of 100.
Why is National Vision Holdings, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for National Vision Holdings, Inc.?
The Corporate Default template measures 6 defenses, and EYE scores: Pricing Power (58), Cost Advantage (39), Customer Stickiness (61), Capital Efficiency (50), Resilience (37), Scale & Market Position (59). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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