Is the business good?
How good a business is NOMD?
Nomad Foods Limited earns 5.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
5.4%
Return on invested capital · cost of capital 9.0% · 3.6 points below what the capital costs: growth destroys value
- Operating margin
- 11%
Operating margin · Packaged Foods median 8.2% · 12 months to Q4 2025
- Cash conversion
- 1.84×
Cash conversion · 1.56× a year ago · every dollar of reported profit arrived as cash, and more
- Gross margin
- 27%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 14% |
| FY2021 | 13% |
| FY2022 | 13% |
| FY2023 | 11% |
| FY2024 | 12% |
| FY2025 | 11% |
Details›
- Gross margin12 months to Q4 2025
- 27%
- Operating margin12 months to Q4 2025
- 11%
- Net margin12 months to Q4 2025
- 4.5%
- Free cash flow margin
- 8.3%
- Revenue, trailing twelve months
- $3.03B
- Free cash flow, trailing twelve months
- $252M
- Net income, trailing twelve months
- $137M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.4%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.