A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
NATIONAL BEVERAGE CORP
FIZZ
$2.9B
Mkt Cap
$30.91
+1.21%
Celebrating its 40th anniversary in November 2025, National Beverage Corp. innovatively refreshes America with a distinctive portfolio of sparkling waters, juices, energy drinks and, to a lesser extent, carbonated soft drinks. We believe our creative product designs, innovative packaging and imaginative flavors, along with our corporate culture and philosophy, make National Beverage unique as a stand-alone entity in the beverage industry. Points of differentiation include the following: Healthy Transformation – We focus on developing and delighting consumers with healthier beverages in response to the global shift in consumer buying habits and lifestyles. We believe our portfolio targets the preferences of a diverse mix of consumers including ‘crossover consumers’ – a growing group desiring healthier alternatives to artificially sweetened or high-calorie beverages.
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B |
| Net Income | 184M | 184M | 187M | 177M | 142M | 159M |
| EPS | $1.96 | $1.96 | $1.99 | $1.89 | $1.52 | $1.69 |
| Free Cash Flow | 156M | 156M | 170M | 168M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 646M | 705M | 827M | 976M | 1.0B | 1.0B | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B |
| Gross Margin | 33.9% | 34.3% | 39.4% | 40.1% | 37.9% | 37.0% | 39.3% | 36.7% | 33.8% | 36.0% | 37.0% | 37.0% | 37.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 145M | 148M | 164M | 187M | 204M | 204M | 194M | 210M | 210M | 210M | 208M | 207M | 207M |
| EBIT | 75M | 93M | 163M | 204M | 180M | 166M | 228M | 208M | 187M | 219M | 235M | 230M | 230M |
| Op. Margin | 11.6% | 13.1% | 19.7% | 20.9% | 17.7% | 16.6% | 21.2% | 18.3% | 15.9% | 18.3% | 19.6% | 19.5% | 19.5% |
| Net Income | 49M | 61M | 107M | 150M | 141M | 130M | 174M | 159M | 142M | 177M | 187M | 184M | 184M |
| Net Margin | 7.6% | 8.6% | 12.9% | 15.3% | 13.9% | 13.0% | 16.2% | 13.9% | 12.1% | 14.8% | 15.6% | 15.6% | 15.6% |
| Non-Recurring | 1.2M | -129K | -72K | -149K | -12K | -206K | -114K | 7K | -141K | -12K | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 39.2% | 56.7% | 102.2% | 118.7% | 87.0% | 78.7% | 112.1% | 55.0% | 65.3% | 163.1% | 96.3% | 109.1% | 61.4% |
| ROE | 38.6% | 34.4% | 47.4% | 51.9% | 42.5% | 33.2% | 43.1% | 53.2% | 46.5% | 37.9% | 37.2% | 34.0% | 28.9% |
| ROA | 20.8% | 22.0% | 32.5% | 36.9% | 30.9% | 23.6% | 28.9% | 30.9% | 27.3% | 26.3% | 25.9% | 24.1% | 21.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 58M | 80M | 114M | 155M | 139M | 178M | 194M | 133M | 162M | 198M | 207M | 181M | 181M |
| Free Cash Flow | 46M | 68M | 100M | 123M | 101M | 154M | 168M | 104M | 140M | 168M | 170M | 156M | 156M |
| Owner Earnings | 46M | 68M | 101M | 141M | 124M | 160M | 175M | 114M | 141M | 177M | 185M | 158M | 158M |
| CapEx | 12M | 12M | 14M | 32M | 38M | 24M | 25M | 29M | 22M | 30M | 36M | 25M | 25M |
| Maint. CapEx | 12M | 12M | 13M | 13M | 15M | 17M | 18M | 19M | 20M | 20M | 21M | 23M | 23M |
| Growth CapEx | 50K | 84K | 1.2M | 19M | 23M | 6.7M | 7.2M | 10M | 1.9M | 10M | 15M | 2.5M | 2.5M |
| D&A | 12M | 12M | 13M | 13M | 15M | 17M | 18M | 19M | 20M | 20M | 21M | 23M | 23M |
| CapEx/OCF | 20.0% | 15.1% | 12.3% | 20.7% | 27.5% | 13.4% | 13.1% | 21.8% | 13.6% | 15.3% | 17.6% | N/A | 13.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 239K | 186K | 70M | 70M | 135M | 0 | 280M | 280M | 0 | 0 | 304M | 0 | 0 |
| Dividend Yield | 0.0% | 0.0% | 3.2% | 1.9% | 2.0% | N/A | 8.2% | 6.9% | N/A | N/A | 7.2% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 6.2M | 0 | 0 | 0 | 0 | 0 | 673K | 673K |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.6% | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 307K | 228K | 208K | 161K | 251K | 125K | 462K | 695K | 677K | 881K | 606K | 439K | 439K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20M | 30M | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -32M | -106M | -136M | N/A | N/A | N/A | -194M | -18M | -158M | N/A | N/A | N/A | -350M |
| Cash & Equiv. | 52M | 106M | 136M | 190M | 156M | 305M | 194M | 48M | 158M | 327M | 194M | 350M | 350M |
| Long-Term Debt | 10M | N/A | N/A | N/A | N/A | N/A | 0 | 30M | 0 | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.14 | 0.00 | 0.00 | 0.38 | 0.36 | 0.43 | 0.00 | 0.13 | 0.00 | 0.38 | 0.52 | 0.34 | 0.00 |
| Interest Coverage | 201.6 | 456.5 | 862.5 | 1015.9 | 890.8 | 3249.9 | 1539.4 | 560.3 | 592.6 | 958.4 | 2029.8 | 827.7 | 827.7 |
| Equity | 148M | 206M | 246M | 331M | 332M | 452M | 356M | 239M | 372M | 560M | 444M | 636M | 636M |
| Total Assets | 248M | 305M | 354M | 459M | 452M | 649M | 557M | 468M | 574M | 770M | 673M | 852M | 852M |
| Total Liabilities | 100M | 99M | 108M | 127M | 121M | 196M | 201M | 228M | 202M | 211M | 229M | 216M | 216M |
| Intangibles | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M |
| Retained Earnings | 130M | 191M | 228M | 308M | -313M | 443M | 338M | 216M | 358M | 535M | 418M | 601M | 601M |
| Working Capital | 101M | 148M | 181M | 248M | 224M | 319M | 218M | 129M | 222M | 399M | 266M | 458M | 458M |
| Current Assets | 168M | 224M | 268M | 353M | 321M | 461M | 365M | 275M | 366M | 537M | 407M | 593M | 593M |
| Current Liabilities | 66M | 76M | 87M | 105M | 97M | 142M | 147M | 145M | 144M | 138M | 141M | 135M | 135M |
| Per Share Data | |||||||||||||
| EPS | 0.53 | 0.66 | 1.15 | 1.60 | 0.75 | 1.39 | 1.86 | 1.69 | 1.52 | 1.89 | 1.99 | 1.96 | 1.96 |
| Owner EPS | 0.49 | 0.73 | 1.08 | 1.51 | 0.66 | 1.72 | 1.87 | 1.21 | 1.51 | 1.89 | 1.97 | 1.69 | 1.69 |
| Book Value | 1.58 | 2.22 | 2.63 | 3.53 | 1.77 | 4.85 | 3.80 | 2.55 | 3.98 | 5.98 | 4.73 | 6.78 | 6.78 |
| Cash Flow/Share | 0.62 | 0.86 | 1.22 | 1.65 | 0.74 | 1.91 | 2.07 | 1.42 | 1.73 | 2.12 | 2.20 | 1.93 | 2.20 |
| Dividends/Share | 0.00 | 0.00 | 0.75 | 0.74 | 0.73 | 0.00 | 3.00 | 2.99 | 0.00 | 3.25 | 3.24 | 0.00 | 0.00 |
| Shares Out. | 93.4M | 93.1M | 93.5M | 93.9M | 187.8M | 93.3M | 93.6M | 93.8M | 93.5M | 93.5M | 93.9M | 93.7M | 93.7M |
| Valuation | |||||||||||||
| P/E Ratio | 7.7 | 15.5 | 16.3 | 11.6 | 13.0 | 16.8 | 23.6 | 28.1 | 30.7 | 22.7 | 22.1 | N/A | 15.8 |
| P/FCF | 16.2 | 27.6 | 34.7 | 28.2 | 36.2 | 14.2 | 24.4 | 42.8 | 31.2 | 23.9 | 24.2 | N/A | 18.6 |
| EV/EBIT | 4.5 | 9.2 | N/A | N/A | N/A | N/A | N/A | 21.4 | 21.7 | N/A | N/A | N/A | 11.1 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 11.7 | 7.2 | 9.3 | N/A | 4.6 |
| Price/Sales | 0.6 | 0.9 | 1.3 | 1.9 | 3.3 | 0.9 | 3.2 | 3.6 | 3.6 | 3.6 | 3.5 | N/A | 2.5 |
| FCF Yield | 12.3% | 7.2% | 5.8% | 7.1% | 5.5% | 14.1% | 4.1% | 2.3% | 3.2% | 4.2% | 4.1% | N/A | 5.4% |
| Market Cap | 376M | 944M | 1.7B | 1.7B | 1.8B | 1.1B | 4.1B | 4.5B | 4.4B | 4.0B | 4.1B | 0 | 2.9B |
| Avg. Price | 8.26 | 13.63 | 23.16 | 40.13 | 35.27 | 18.97 | 36.61 | 43.23 | 45.08 | 45.37 | 44.91 | 0.00 | 30.91 |
| Year-End Price | 8.05 | 20.29 | 37.25 | 36.85 | 19.51 | 23.39 | 43.88 | 47.54 | 46.65 | 42.87 | 43.97 | 0.00 | 30.91 |
NATIONAL BEVERAGE CORP passes 3 of 9 quality checks, indicating weak fundamentals.
NATIONAL BEVERAGE CORP trades at 15.8x trailing earnings, compared to its 15-year median P/E of 22.1x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 18.6x vs a median of 28.2x. The company's 5-year average ROIC is 97.8% with a gross margin of 36.1%. At current prices, the estimated annualized return to fair value is +7.4%.
NATIONAL BEVERAGE CORP (FIZZ) has a current P/E ratio of 15.8, compared to its historical median P/E of 22.1. The stock is currently considered Cheap based on its historical valuation range.
NATIONAL BEVERAGE CORP (FIZZ) has a 5-year average return on invested capital (ROIC) of 97.8%. This indicates strong capital allocation and a potential competitive advantage.
NATIONAL BEVERAGE CORP (FIZZ) has a market capitalization of $2.9B. It is classified as a mid-cap stock.
NATIONAL BEVERAGE CORP (FIZZ) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.02%.
Based on historical P/E analysis, NATIONAL BEVERAGE CORP (FIZZ) appears cheap. The current P/E of 15.8 is 29% below its historical median of 22.1. The estimated fair value CAGR (P/E method) is 8.3%.
NATIONAL BEVERAGE CORP (FIZZ) operates in the Bottled & Canned Soft Drinks & Carbonated Waters industry, within the Consumer Defensive sector.
| 140M |
| 104M |
| ROIC | 61.4% | 109.1% | 96.3% | 163.1% | 65.3% | 55.0% |
|---|
| Gross Margin | 37.0% | 37.0% | 37.0% | 36.0% | 33.8% | 36.7% |
|---|
| Debt/Equity | 0.00 | 0.34 | 0.52 | 0.38 | 0.00 | 0.13 |
|---|
| Dividends/Share | $0.00 | $0.00 | $3.24 | $3.25 | $0.00 | $2.99 |
|---|
| Operating Income | 230M | 230M | 235M | 219M | 187M | 208M |
|---|
| Operating Margin | 19.5% | 19.5% | 19.6% | 18.3% | 15.9% | 18.3% |
|---|
| ROE | 28.9% | 34.0% | 37.2% | 37.9% | 46.5% | 53.2% |
|---|
| Shares Outstanding | 94M | 94M | 94M | 94M | 94M | 94M |
|---|
NATIONAL BEVERAGE CORP (FIZZ) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
NATIONAL BEVERAGE CORP (FIZZ) has a net profit margin of 15.6%. This is a healthy margin.
NATIONAL BEVERAGE CORP (FIZZ) generated $156 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NATIONAL BEVERAGE CORP (FIZZ) has a debt-to-equity ratio of 0.34. This indicates a conservatively financed balance sheet.
NATIONAL BEVERAGE CORP (FIZZ) reported earnings per share (EPS) of $1.96 in its most recent fiscal year.
NATIONAL BEVERAGE CORP (FIZZ) has a return on equity (ROE) of 34.0%. This indicates the company generates strong returns for shareholders.
NATIONAL BEVERAGE CORP (FIZZ) has a 5-year average gross margin of 36.1%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for NATIONAL BEVERAGE CORP (FIZZ), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NATIONAL BEVERAGE CORP (FIZZ) has a book value per share of $6.78, based on its most recent annual SEC filing.