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NOMD

Nomad Foods Limited

NOMD

Nomad Foods Limited NYSE
$12.23 0.49% (+0.06)

Market Cap $1.79 B
52w High $20.81
52w Low $11.04
Dividend Yield 0.68%
P/E 8.15
Volume 692.70K
Outstanding Shares 146.67M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $752.4M $113.8M $57.6M 7.656% $0.39 $129.8M
Q2-2025 $746.9M $118.8M $57.1M 7.645% $0.37 $127.4M
Q1-2025 $760.1M $137.8M $32.7M 4.302% $0.21 $99.3M
Q4-2024 $793.4M $134.4M $51.4M 6.478% $0.31 $112.5M
Q3-2024 $769.6M $125.8M $70.3M 9.135% $0.44 $149.3M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $193.6M $6.313B $3.759B $2.554B
Q2-2025 $266.6M $6.376B $3.812B $2.564B
Q1-2025 $329.8M $6.401B $3.786B $2.614B
Q4-2024 $403M $6.432B $3.769B $2.663B
Q3-2024 $334.4M $6.48B $3.802B $2.678B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $57.6M $54M $-20.4M $-107.3M $-73M $31.5M
Q2-2025 $57.1M $69.6M $-17.2M $-113.8M $-63.2M $51.2M
Q1-2025 $32.7M $50.6M $-17.5M $-110.5M $-73.5M $31.9M
Q4-2024 $51.4M $226.5M $-19.9M $-136M $68.9M $202.1M
Q3-2024 $70.3M $97.6M $-8.3M $-84.4M $6.7M $81.6M

Five-Year Company Overview

Income Statement

Income Statement Nomad Foods shows a picture of steady, low‑drama growth. Sales have inched up each year, even through a choppy economic backdrop, which is what you’d hope to see from a defensive food company. Profitability looks solid: gross profit and operating profit have both trended higher, suggesting the company has generally been able to handle input cost swings and keep pricing power. Earnings have moved around a bit from year to year but remain healthy overall, pointing to a mature business that’s more about consistency than big jumps. The overall story is “slow and steady” rather than “spectacular,” with resilience as the main theme.


Balance Sheet

Balance Sheet The balance sheet looks relatively robust for a packaged food company. Total assets have grown gradually, and equity has built up over time, which implies retained profits and a stronger capital base. Debt is meaningful but fairly stable, not racing higher, and appears manageable given the earnings and cash flow profile. Cash on hand has stayed at a comfortable level rather than swinging wildly, hinting at cautious financial management. Overall, leverage is present but not alarming, and the company seems to be operating from a position of balance rather than stress.


Cash Flow

Cash Flow Cash generation is one of the clear strengths here. Operating cash flow is solid and has generally improved over time, backing up the accounting profits with real money. Free cash flow, after investment in the business, has been consistently positive and has grown from weaker levels a few years ago. Capital spending is modest and stable, which fits a mature food business that upgrades facilities but doesn’t need to pour in huge amounts to keep growing. This pattern supports flexibility for dividends, buybacks, and debt service without stretching the company too thin.


Competitive Edge

Competitive Edge Nomad Foods holds a strong seat at the frozen food table in Europe. It controls well‑known brands that many households buy out of habit and trust, which helps defend shelf space and supports pricing. Its size gives it clout with retailers and cost advantages in sourcing and logistics, making it harder for smaller rivals to compete on both price and distribution. Vertical control in areas like pea production adds extra reliability and cost control. On the risk side, the company still faces pressure from supermarket private labels, shifting consumer tastes, and retailer bargaining power, but its brand strength and scale form a meaningful moat.


Innovation and R&D

Innovation and R&D For a traditional frozen food company, Nomad is leaning surprisingly hard into innovation. It is pushing sustainability (including energy‑saving cold chain initiatives and very high levels of certified sustainable seafood), which aligns well with European consumer and regulatory trends. Its Green Cuisine plant‑based range and health‑oriented lines like Steamfresh show that it is not just defending old categories but also creating new ones. The Open Innovation Portal and Future Foods Lab open the door to external ideas, especially around functional nutrition and better‑for‑you ready meals. This suggests an active pipeline of new concepts rather than a business resting on legacy products.


Summary

Nomad Foods comes across as a steady, cash‑generative consumer defensive company with a clear niche in European frozen foods. Financially, it combines gradual revenue growth, solid margins, and reliable free cash flow with a balance sheet that looks sound rather than stretched. Strategically, it benefits from strong brands, scale, and a credible sustainability story, while also investing in plant‑based, health‑focused, and functional products to stay relevant. Key watchpoints include competition from private labels, cost inflation, and the pace of consumer adoption of newer product lines. Overall, the profile is one of durability and incremental improvement, not rapid transformation.