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Europe's largest frozen food company, selling Birds Eye, Iglo and Findus brand frozen vegetables, fish and meals.
Europe's largest frozen food company, selling Birds Eye, Iglo and Findus brand frozen vegetables, fish and meals.
Assembled by buying established European frozen brands, so its profit model leans on buying power and distribution gained from combining them, with supermarkets as the main buyers and the UK, Germany and Italy among the largest markets.
Moat: narrow (brand, scale, distribution). Leading frozen food brands across multiple European countries with strong retail shelf presence.
Headquarters: Feltham, UK · Founded: 2014 · Employees: 7,752
Size Nomad Foods (NOMD) is a United States Consumer Staples company (Food: Specialty/Candy) with a market value of $1.64B, the 1925th largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.75 on 6 Nov 2026.
Performance Over six months the shares gained 24.5%, against -9.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 2.7% over the last twelve months (peer median +2.5%); the operating margin is 12.9% (peer median 6.0%).
Valuation It trades at 7.3× forward earnings against a peer median of 18.9× (cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.1 points above its cost of capital (6.6% WACC).
Short interest Short interest is 2.0% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.46B | $3.42B | $3.35B | $3.29B | $3.09B |
| Revenue growth | — | +2% | +2% | +7% | — |
| Gross profit | $927M | $918M | $983M | $920M | $848M |
| EBITDA | $571M | $582M | $614M | $564M | $579M |
| Net income | $154M | $154M | $246M | $208M | $263M |
| Free cash flow | $170M | $141M | $271M | $281M | $180M |
| Capital expenditure | $92.1M | $88.6M | $86.9M | $89.1M | $83.1M |
| Total debt | $2.63B | $2.71B | $2.29B | $2.42B | $2.31B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nomad Foods NOMD | $1.64B | +24% | +3% | 13% | 7.3× | -4.1% |
| Conagra Brands CAG | $7.28B | +8% | -2% | 11% | 10.6× | -4.9% |
| Nestle NESN.SW | $266B | +11% | -2% | 16% | 19.0× | 1.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NOMD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.3% | +2.9% | 6th highest of 21 |
| 6-month return | +24.5% | -9.9% | 3rd highest of 21 |
| Distance from 52-week high | -10.2% | -21.7% | 8th highest of 21 |
| Revenue growth (TTM) | +2.7% | +2.5% | 10th highest of 21 |
| Operating margin | 12.9% | 6.0% | 6th highest of 21 |
| Forward P/E | 7.3× | 18.9× | cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -4.1% | 2.8% | 3rd least demanding of 17 |
| Growth delivered (Del g) | +3.6% | +7.2% | 5th lowest of 17 |
| Hurdle (Req g minus delivered) | -7.7 pp | -4.0 pp | 8th least demanding of 17 |
| ROIC minus cost of capital | +0.1 pp | +0.7 pp | 9th lowest of 21 |
| EV / EBITDA | 6.9× | 10.6× | 4th cheapest of 14 |
| Net debt / EBITDA | 4.0× | 0.8× | 2nd most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nomad Foods NOMD | United States | $1.64B | +24% | +3% | 13% | 7.3× | -4.1% | +3.6% |
| Three Squirrels 300783.SZ | China | $1.66B | -12% | -13% | 2% | 21.5× | 19.5% | +0.8% |
| J & J Snack Foods JJSF | United States | $1.68B | +18% | -5% | 6% | 24.1× | 6.8% | +9.1% |
| Sanquan Foods 002216.SZ | China | $1.56B | -18% | +7% | 5% | 18.1× | 2.6% | -1.1% |
| Corbion CRBN.AS | Netherlands | $1.73B | +37% | -3% | 8% | 19.6× | 11.5% | +5.1% |
| Nongshim 004370.KS | South Korea | $1.74B | +8% | +5% | 6% | 11.8× | -16.1% | +5.9% |
| Kagome 2811.T | Japan | $1.51B | +3% | +3% | 7% | 24.0× | 2.2% | +10.0% |
| NIPPN 2001.T | Japan | $1.50B | +8% | +2% | 5% | 11.3× | n/a | n/a |
| Cloetta CLA-B.ST | Sweden | $1.82B | +16% | 0% | 14% | 20.9× | -0.3% | +8.4% |
| Anhui Jinhe Industrial 002597.SZ | China | $1.83B | -8% | +22% | 4% | 19.4× | 10.3% | +6.0% |
| Robertet RBT.PA | France | $1.84B | +4% | 0% | 15% | 18.3× | -0.4% | +9.4% |
| Chacha Food 002557.SZ | China | $1.46B | -17% | +8% | 8% | 15.8× | n/a | n/a |
| Qianhe Condiment & Food 603027.SS | China | $1.43B | -21% | -6% | 14% | 23.9× | 3.1% | +8.8% |
| Flowers Foods FLO | United States | $1.42B | -20% | +2% | 6% | 8.8× | -7.6% | +3.7% |
| Yantai China Pet Foods 002891.SZ | China | $1.39B | -15% | +21% | 4% | 32.6× | n/a | n/a |
| Nissui 1332.T | Japan | $1.97B | -16% | +8% | 4% | 10.8× | 0.9% | +8.7% |
| CCL Products (India) CCL.NS | India | $1.37B | -20% | +24% | 13% | 25.8× | 17.9% | +29.1% |
| Huabao International 0336.HK | Hong Kong | $1.34B | -25% | +13% | 3% | 25.3× | 16.2% | -2.7% |
| Chongqing Fuling Zhacai 002507.SZ | China | $2.04B | -6% | +3% | 28% | 18.0× | -0.9% | +1.4% |
| UTZ Brands UTZ | United States | $2.05B | +90% | +2% | 4% | 17.9× | 31.8% | +8.3% |
| Fufeng 0546.HK | Hong Kong | $1.31B | -37% | +1% | 4% | 7.4× | n/a | n/a |