Nomad Foods (NOMD) financial statements

Consumer Defensive · Packaged Foods · Market cap $1.7B

Nomad Foods reported revenue of 3.0B EUR in fiscal 2025, up 5.2% a year over 9 years.

Net income was 137M EUR and the operating margin 10.7%, against 7.2% in 2016.

Free cash flow was 252M EUR, and the company returned 91M EUR in dividends and 196M EUR in net buybacks.

The diluted share count fell 18% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions (EUR).

012342016201720182019202020212022202320242025RevenueFree cash flow
Embed this chart

Free to use in articles and newsletters with the source line. Paste this HTML:

Income statement

Fiscal years, in EUR, from Nomad Foods's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue1.9B EUR2.0B EUR2.2B EUR2.3B EUR2.5B EUR2.6B EUR2.9B EUR3.0B EUR3.1B EUR3.0B EUR
Cost of revenue1.4B EUR1.4B EUR1.5B EUR1.6B EUR1.8B EUR1.9B EUR2.1B EUR2.2B EUR2.2B EUR2.2B EUR
Gross profit571M EUR599M EUR654M EUR698M EUR762M EUR744M EUR815M EUR859M EUR918M EUR823M EUR
Research and development13M EUR15M EUR16M EUR19M EUR18M EUR19M EUR19M EUR21M EUR21M EUR23M EUR
Operating income138M EUR243M EUR283M EUR284M EUR359M EUR343M EUR375M EUR340M EUR387M EUR325M EUR
Interest expense86M EUR82M EUR58M EUR76M EUR68M EUR106M EUR66M EUR110M EUR139M EUR196M EUR
Pre-tax income76M EUR168M EUR227M EUR210M EUR296M EUR237M EUR321M EUR254M EUR278M EUR145M EUR
Income tax40M EUR32M EUR57M EUR57M EUR70M EUR56M EUR71M EUR61M EUR51M EUR9M EUR
Net income36M EUR136M EUR171M EUR154M EUR225M EUR181M EUR250M EUR193M EUR227M EUR137M EUR
EPS (diluted)0.20 EUR0.74 EUR0.97 EUR0.78 EUR1.14 EUR1.02 EUR1.43 EUR1.13 EUR1.40 EUR0.91 EUR
Diluted shares182M175M174M191M193M177M173M171M161M150M
Gross margin29.6%30.6%30.1%30.0%30.3%28.6%27.7%28.2%29.6%27.1%
Operating margin7.2%12.4%13.0%12.2%14.3%13.1%12.8%11.2%12.5%10.7%
Net margin1.9%7.0%7.9%6.6%9.0%6.9%8.5%6.3%7.3%4.5%

Balance sheet

Fiscal years, in EUR, from Nomad Foods's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments325M EUR219M EUR328M EUR826M EUR393M EUR254M EUR369M EUR———
Receivables136M EUR147M EUR174M EUR207M EUR185M EUR235M EUR262M EUR263M EUR335M EUR351M EUR
Inventory325M EUR307M EUR342M EUR323M EUR344M EUR411M EUR457M EUR446M EUR442M EUR441M EUR
Total current assets874M EUR749M EUR937M EUR1.4B EUR968M EUR929M EUR1.1B EUR1.2B EUR1.2B EUR1.1B EUR
Property, plant and equipment298M EUR295M EUR349M EUR350M EUR373M EUR489M EUR494M EUR502M EUR519M EUR528M EUR
Goodwill1.7B EUR1.7B EUR1.9B EUR1.9B EUR1.9B EUR2.1B EUR2.1B EUR2.1B EUR2.1B EUR2.1B EUR
Total assets4.7B EUR4.6B EUR5.3B EUR5.9B EUR5.6B EUR6.2B EUR6.3B EUR6.4B EUR6.4B EUR6.3B EUR
Total current liabilities753M EUR702M EUR840M EUR823M EUR917M EUR966M EUR941M EUR1.0B EUR1.1B EUR1.1B EUR
Long-term debt1.5B EUR1.4B EUR1.7B EUR1.8B EUR1.7B EUR2.2B EUR2.1B EUR2.1B EUR2.2B EUR2.3B EUR
Total liabilities2.8B EUR2.7B EUR3.3B EUR3.3B EUR3.5B EUR3.9B EUR3.7B EUR3.8B EUR3.8B EUR3.8B EUR
Shareholders' equity1.9B EUR1.9B EUR2.1B EUR2.6B EUR2.1B EUR2.3B EUR2.6B EUR2.6B EUR2.7B EUR2.5B EUR
Net debt1.1B EUR1.2B EUR1.4B EUR1.0B EUR1.3B EUR1.9B EUR1.8B EUR———

Cash flow

Fiscal years, in EUR, from Nomad Foods's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow282M EUR194M EUR321M EUR315M EUR457M EUR306M EUR304M EUR431M EUR435M EUR331M EUR
Capital spending42M EUR47M EUR48M EUR47M EUR59M EUR79M EUR79M EUR82M EUR80M EUR78M EUR
Free cash flow240M EUR147M EUR273M EUR268M EUR398M EUR227M EUR225M EUR348M EUR355M EUR252M EUR
Stock-based compensation1M EUR3M EUR13M EUR15M EUR9M EUR5M EUR8M EUR24M EUR9M EUR8M EUR
Dividends paid——————0 EUR0 EUR89M EUR91M EUR
Share buybacks (net)0 EUR-178M EUR0 EUR0 EUR-609M EUR-78M EUR-27M EUR-171M EUR-119M EUR-196M EUR
Net borrowing0 EUR1M EUR350M EUR-20M EUR-12M EUR391M EUR-117M EUR-7M EUR-6M EUR136M EUR
Free cash flow margin12.4%7.5%12.6%11.5%15.8%8.7%7.6%11.4%11.5%8.3%
Dividends per share————————0.55 EUR0.61 EUR
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for NOMD.
Open NOMD in Investingly

Questions

What was Nomad Foods's revenue in 2025?

3.0B EUR in fiscal 2025, from its 10-K filing.

How much free cash flow does Nomad Foods generate?

252M EUR in fiscal 2025 (operating cash flow minus capital spending).

From Nomad Foods's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.