Abstract Over the past 30 years we have seen a welcome growth in the understanding of narrative as a complex and broadly defined set of concepts. While the complexity of children’s narrative development has been brought to light by researchers and theorists across multiple fields of study, reflecting this growth by comprehensively analyzing narrative complexity still remains a challenge. One reason for this ongoing challenge is the isolated, disparate focus of the approaches, either in analyzing solely story structure, content, or function. Few approaches combine these disparate dimensions to comprehensively analyze children’s narratives. In response, we build on research from the past 30 years to develop the Two-Lens Approach, a holistic theoretical framework for analyzing the form, content, and context of children’s narratives. This paper presents and applies this approach in an effort to start closing the gaps among the field of narrative analysis and narrative theory.