National Beverage Corp. (FIZZ) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.59	$0.5	-15.3%	—	$330.7M	—
Q4 26	$0.47	$0.43	-8.5%	—	$297.1M	—
Q3 26	$0.44	$0.44	0.0%	—	$264.6M	—
Q2 26	$0.51	$0.49	-3.9%	—	$288.3M	—
Q1 26	$0.6	$0.6	0.0%	—	$330.5M	—
Q4 25	$0.48	$0.47	-2.1%	—	$313.6M	—
Q3 25	$0.44	$0.42	-4.5%	—	$267.1M	—
Q2 25	$0.51	$0.49	-3.9%	—	$291.2M	—
Q1 25	$0.6	$0.61	+1.7%	—	$329.5M	—
Q4 24	$0.47	$0.47	0.0%	—	$297.3M	—
Q3 24	$0.41	$0.42	+2.4%	—	$270.1M	—
Q2 24	$0.47	$0.47	0.0%	—	$300.1M	—
Q1 24	$0.53	$0.53	0.0%	—	$324.2M	—
Q4 23	$0.39	$0.39	0.0%	—	$286.7M	—
Q3 23	$0.32	$0.37	+15.6%	—	$268.5M	—
Q2 23	$0.34	$0.39	+14.7%	—	$299.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$1.96	—	—	$1.2B	—
FY25	—	$2	—	—	$1.2B	—
FY24	—	$1.89	—	—	$1.2B	—
FY23	—	$1.52	—	—	$1.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$826.9M	$975.7M	$1B	$1B	$1.1B	$1.1B	$1.2B	$1.2B	$1.2B	$1.2B
YoY change	+17.3%	+18%	+3.93%	-1.35%	+7.18%	+6.14%	+3.07%	+1.6%	+0.81%	-1.73%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	826.9M	975.7M	1B	1B	1.1B	1.1B	1.2B	1.2B	1.2B	1.2B
Cost of revenue	500.8M	584.6M	629.8M	630.3M	650.6M	720.2M	776.1M	763.2M	757.4M	743.3M
Gross profit	326.1M	391.1M	384.4M	370.1M	421.6M	417.8M	396.8M	428.5M	443.9M	437.3M
Gross margin	39.4%	40.1%	37.9%	37%	39.3%	36.7%	33.8%	36%	37%	37%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	163.6M	186.9M	204.4M	204.4M	193.8M	209.9M	210.1M	209.9M	208.5M	207.2M
Operating expenses	163.6M	186.9M	204.4M	204.4M	193.8M	209.9M	210.1M	209.9M	208.5M	207.2M
Operating income	162.5M	204.2M	179.9M	165.7M	227.8M	207.9M	186.7M	218.5M	235.5M	230.1M
Operating margin	19.6%	20.9%	17.7%	16.6%	21.2%	18.3%	15.9%	18.3%	19.6%	19.5%
Non-operating income, net	537K	1.3M	3.9M	3.7M	312K	-260K	-2.5M	11.3M	-195K	-139K
Pretax income	162.8M	205.5M	183.9M	169.5M	228.1M	207.6M	186.4M	229.8M	244.6M	240.6M
Income tax	55.8M	55.7M	43M	39.5M	54M	49.1M	44.3M	53.1M	57.7M	56.9M
Net income	107M	149.8M	140.9M	130M	174.1M	158.5M	142.2M	176.7M	186.8M	183.6M
Net margin	12.9%	15.3%	13.9%	13%	16.2%	13.9%	12.1%	14.8%	15.6%	15.6%
EBITDA	175.8M	217.4M	195.4M	196.3M	259M	226.4M	206.7M	238.7M	256.3M	252.8M
EPS	1.15	1.6	1.51	1.39	1.87	1.7	1.52	1.89	2	1.96
Diluted EPS	1.15	1.59	1.5	1.39	1.86	1.69	1.52	1.89	1.99	1.96

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	300.1M	270.1M	297.3M	329.5M	291.2M	267.1M	313.6M	330.5M	288.3M	264.6M	297.1M	330.7M
Cost of revenue	192.2M	173M	188.2M	207M	181.9M	168.1M	200.4M	205.1M	179.1M	165M	194.1M	214.9M
Gross profit	107.9M	97M	109.1M	122.4M	109.4M	99M	113.2M	125.5M	109.2M	99.6M	103M	115.8M
Gross margin	35.9%	35.9%	36.7%	37.2%	37.6%	37.1%	36.1%	38%	37.9%	37.6%	34.7%	35%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	53.6M	48.9M	56.2M	52.9M	51.5M	48.4M	55.7M	54.7M	51.1M	48.5M	52.9M	57.3M
Operating expenses	53.6M	48.9M	56.2M	52.9M	51.5M	48.4M	55.7M	54.7M	51.1M	48.5M	52.9M	57.3M
Operating income	54.3M	48.2M	52.9M	69.5M	57.9M	50.6M	57.5M	70.8M	58M	51.1M	50.1M	58.5M
Operating margin	18.1%	17.8%	17.8%	21.1%	19.9%	18.9%	18.3%	21.4%	20.1%	19.3%	16.9%	17.7%
Non-operating income, net	2.7M	167K	10.4M	4.3M	1.7M	-2K	-269K	2.2M	-145K	-7K	-124K	-116K
Pretax income	57M	50.1M	57.5M	73.9M	59.6M	52M	59.1M	73M	60.7M	53.9M	52.9M	61.7M
Income tax	13.2M	10.6M	13.8M	17.1M	14M	12.3M	14.4M	17.3M	14.3M	12.7M	12.6M	14.7M
Net income	43.8M	39.6M	43.7M	56.8M	45.6M	39.6M	44.8M	55.8M	46.4M	41.2M	40.3M	47M
Net margin	14.6%	14.7%	14.7%	17.2%	15.7%	14.8%	14.3%	16.9%	16.1%	15.6%	13.6%	14.2%
EBITDA	59.3M	63.8M	52.9M	74.9M	63M	55.4M	63M	76.2M	63.6M	56.8M	56.2M	64.8M
EPS	0.47	0.42	—	0.61	0.49	0.42	—	0.6	0.5	0.44	—	0.5
Diluted EPS	0.47	0.42	—	0.61	0.49	0.42	—	0.6	0.49	0.44	—	0.5

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	4.1B	4.1B	2.6B	2.3B	4.5B	4.1B	4.6B	4.2B	4.2B	3.2B	2.8B
Enterprise value	4B	3.9B	2.5B	2.1B	4.4B	4.1B	4.5B	3.9B	4B	2.9B	2.7B
Shares outstanding	93.1M	93.2M	93.3M	93.3M	93.3M	93.3M	93.3M	93.4M	93.6M	93.6M	93.6M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	38.5	27.5	18.5	18	26	26	32.6	23.5	22.2	17.4	15.7
P/S	4.99	4.22	2.58	2.34	4.23	3.61	3.96	3.49	3.46	2.71	2.31
P/B	16.8	12.4	7.88	5.18	12.7	17.2	12.5	7.43	9.36	5.04	7.33
EV/EBITDA	22.7	18.1	12.6	10.6	16.9	18.2	21.9	16.3	15.7	11.5	11.3
EV/Sales	4.82	4.03	2.42	2.09	4.09	3.63	3.86	3.26	3.36	2.47	2.31
Earnings yield	2.59%	3.64%	5.39%	5.55%	3.84%	3.85%	3.06%	4.25%	4.5%	5.73%	6.38%
FCF yield	2.43%	2.98%	3.87%	6.57%	3.72%	2.53%	3.01%	4.03%	4.1%	4.87%	4.75%
PEG	—	—	—	—	—	—	—	—	—	—	-0.94

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	39.4%	40.1%	37.9%	37%	39.3%	36.7%	33.8%	36%	37%	37%	35%
Operating margin	19.6%	20.9%	17.7%	16.6%	21.2%	18.3%	15.9%	18.3%	19.6%	19.5%	17.7%
Net margin	12.9%	15.3%	13.9%	13%	16.2%	13.9%	12.1%	14.8%	15.6%	15.6%	14.8%
ROE	43.6%	45.2%	42.5%	28.7%	48.9%	66.2%	38.2%	31.6%	42.1%	28.9%	40.1%
ROA	30.2%	32.6%	31.1%	20%	31.3%	33.9%	24.8%	22.9%	27.8%	21.6%	20.6%
ROIC	97.8%	105.1%	78.6%	64.5%	84.4%	62.8%	55.6%	58.5%	55.8%	50.9%	52%
Return on tangible assets	33%	34.9%	33.3%	21%	33%	36.2%	26.1%	23.9%	29%	22.3%	31.6%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	3.08	3.37	3.31	3.25	2.48	1.89	2.54	3.89	2.9	4.39	2.39
Quick ratio	2.47	2.79	2.58	2.8	1.99	1.18	1.89	3.28	2.29	3.68	1.66
Debt / equity	—	—	—	0.11	0.12	0.26	0.11	0.1	0.16	0.09	0.16
Debt / assets	—	—	—	0.08	0.08	0.13	0.07	0.07	0.11	0.07	0.1
Net debt / EBITDA	—	—	—	-1.3	-0.58	0.06	-0.56	-1.14	-0.47	-1.15	-0.2
Interest coverage	862.5	1K	890.8	—	—	—	—	—	—	—	—
Effective tax rate	34.3%	27.1%	23.4%	23.3%	23.7%	23.6%	23.7%	23.1%	23.6%	23.7%	23.7%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	8.88	10.5	10.9	10.7	11.5	12.2	12.6	12.8	12.8	12.6	12.6
EPS (basic)	1.15	1.6	1.51	1.39	1.87	1.7	1.52	1.89	2	1.96	1.96
EPS (diluted)	1.15	1.59	1.5	1.39	1.86	1.69	1.52	1.89	1.99	1.96	1.86
Book value per share	2.64	3.56	3.56	4.85	3.82	2.57	3.99	5.99	4.74	6.79	3.98
FCF per share	1.08	1.32	1.08	1.65	1.81	1.12	1.5	1.79	1.82	1.67	1.73
Cash per share	1.46	2.04	1.67	3.27	2.08	0.51	1.69	3.5	2.07	3.73	1.14
Capex per share	0.15	0.34	0.41	0.26	0.27	0.31	0.24	0.32	0.39	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	1.69%	3.27%	3.78%	2.39%	2.36%	2.55%	1.87%	2.54%	3.02%	—	—
Capex / operating cash flow	12.2%	19.9%	27.2%	14.6%	12.8%	20.1%	17.3%	15%	17.1%	—	—
Payout ratio	65.3%	46.7%	96%	0%	160.7%	176.6%	0%	0%	162.8%	0%	0%
Dividend yield	1.69%	1.7%	5.18%	0%	6.17%	6.81%	0%	0%	7.32%	0%	0%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$3.25

ex-dividend Jul 13, 2026

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 13, 2026	$3.25
Jun 24, 2024	$3.25
Dec 10, 2021	$3.00
Dec 3, 2020	$3.00
Nov 29, 2018	$1.45
Jun 1, 2017	$0.75
Nov 23, 2016	$0.75
Dec 5, 2012	$0.6375

Split history

Date	Ratio
Feb 22, 2021	2:1
May 31, 2007

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$300.1M	$270.1M	$297.3M	$329.5M	$291.2M	$267.1M	$313.6M	$330.5M	$288.3M	$264.6M	$297.1M	$330.7M
YoY change	+0.15%	+0.59%	+3.7%	+1.61%	-2.96%	-1.12%	+5.49%	+0.32%	-0.99%	-0.92%	-5.26%	+0.04%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	136.4M	189.9M	156.2M	304.5M	193.6M	48M	158.1M	327M	193.8M	349.5M
Receivables	71.3M	84.4M	84.8M	84.9M	86.4M	93.6M	104.9M	102.8M	104.2M	104.3M
Inventory	53.4M	60.9M	70.7M	63.5M	71.5M	103.3M	93.6M	84.6M	85.1M	95.5M
Total current assets	268.3M	353M	321.5M	460.7M	364.9M	274.5M	366.4M	536.9M	406.9M	593.1M
Property, plant & equipment	14M	28.9M	53M	108.9M	110.4M	107.8M	117.3M	141.5M	164.1M	135.4M
Goodwill & intangibles	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M
Total assets	354M	458.8M	452.2M	648.6M	557.2M	467.8M	574.3M	770.2M	672.9M	851.6M
Accounts payable	58.1M	74.9M	66.2M	74.4M	88.8M	95.3M	85.1M	78.3M	82.4M	87.4M
Short-term debt	—	—	—	17M	14.8M	10.5M	11.7M	13.1M	14.5M	14.5M
Total current liabilities	87.2M	104.7M	97M	141.7M	147.2M	145.3M	144.3M	137.9M	140.5M	135.2M
Long-term debt	—	—	—	32.2M	28.8M	50.7M	29.8M	41.7M	57.6M	44.5M
Total liabilities	108.4M	127.4M	120.6M	196.3M	201.2M	228.4M	201.9M	210.6M	228.9M	215.9M
Shareholders' equity	245.6M	331.4M	331.6M	452.3M	356M	239.4M	372.5M	559.5M	444M	635.7M
Total debt	—	—	—	49.1M	43.6M	61.2M	41.5M	54.8M	72.1M	58.9M
Net debt	—	—	—	-255.4M	-150M	13.2M	-116.5M	-272.3M	-121.7M	-290.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	247.7M	277M	327M	77M	112.8M	149.2M	193.8M	249.8M	269.3M	314M	349.5M	107.1M
Receivables	100.2M	101.7M	102.8M	116M	99.6M	90.9M	104.2M	106.5M	93.2M	97.4M	104.3M	105.8M
Inventory	92.8M	88.7M	84.6M	90.6M	91M	85M	85.1M	93.9M	95.9M	96.1M	95.5M	100.4M
Total current assets	456.5M	489.1M	536.9M	293.2M	324.9M	352.6M	406.9M	476.1M	491.4M	538M	593.1M	327.5M
Property, plant & equipment	125.3M	139.4M	141.5M	137.3M	136.7M	145.7M	164.1M	159.4M	155.7M	152.1M	135.4M	132M
Goodwill & intangibles	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M	29.5M
Total assets	672.9M	719.9M	770.2M	522.6M	557.4M	594M	672.9M	737.8M	749M	792.5M	851.6M	582.3M
Accounts payable	80M	73.3M	78.3M	73.9M	69.6M	62.6M	82.4M	78.7M	63.8M	66.9M	87.4M	81.8M
Short-term debt	13.5M	13.6M	13.1M	12.8M	12.9M	13.1M	14.5M	15M	15M	14.9M	14.5M	14.5M
Total current liabilities	142.6M	133.1M	137.9M	147.5M	128.1M	119.6M	140.5M	146.9M	114.7M	122.1M	135.2M	136.9M
Long-term debt	31.6M	44.6M	41.7M	39.1M	37.6M	42.3M	57.6M	54.9M	51.2M	47.7M	44.5M	44.3M
Total liabilities	205.7M	209.7M	210.6M	216M	197.3M	193.8M	228.9M	233.6M	197.7M	201.4M	215.9M	214.6M
Shareholders' equity	467.2M	510.2M	559.5M	306.6M	360.1M	400.2M	444M	504.1M	551.3M	591.1M	635.7M	367.7M
Total debt	45.1M	58.2M	54.8M	51.9M	50.5M	55.3M	72.1M	69.9M	66.2M	62.7M	58.9M	58.8M
Net debt	-202.6M	-218.8M	-272.3M	-25.1M	-62.4M	-93.9M	-121.7M	-179.9M	-203.1M	-251.3M	-290.6M	-48.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	107M	149.8M	140.9M	130M	174.1M	158.5M	142.2M	176.7M	186.8M	183.6M
Depreciation & amortization	12.8M	13.2M	15.4M	30.6M	31.2M	18.5M	20M	20.2M	20.8M	22.7M
Stock-based compensation	208K	161K	251K	125K	462K	695K	677K	881K	606K	439K
Change in working capital	-7M	-3.9M	-18.9M	3.2M	-7.5M	-51.7M	-48.5M	-10.6M	-11.6M	-21.9M
Operating cash flow	114.4M	160M	141M	163.9M	198.1M	144.6M	126.8M	202.2M	211.6M	181.3M
Capital expenditure	-14M	-31.9M	-38.3M	-23.9M	-25.3M	-29M	-22M	-30.2M	-36.3M	—
Investing cash flow	-14M	-31.9M	-38.3M	-23.9M	-25.3M	-29M	-22M	-30.2M	-36.3M	—
Dividends paid	-69.8M	-69.9M	-135.2M	0	-279.9M	-280M	0	0	-304.1M	0
Share repurchases	0	0	0	-6.2M	0	0	—	—	—	-673K
Financing cash flow	-69.4M	-69.9M	-135.2M	-6.2M	-279.9M	-250M	-30M	0	-304.1M	-673K
Net change in cash	31.1M	58.2M	-32.6M	133.8M	-107M	-134.4M	74.9M	171.9M	-128.9M	180.6M
Free cash flow	100.3M	122.7M	101.1M	153.8M	168.5M	104.1M	139.7M	167.6M	170.4M	156.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	43.8M	39.6M	43.7M	56.8M	45.6M	39.6M	44.8M	55.8M	46.4M	41.2M	40.3M	47M
Depreciation & amortization	5M	15.6M	-5.4M	5.4M	5.1M	4.8M	5.5M	5.4M	5.6M	5.6M	6.1M	6.3M
Stock-based compensation	170K	163K	377K	160K	151K	154K	141K	135K	112K	96K	96K	87K
Change in working capital	-12.9M	4.8M	-23.5M	-27.1M	8.1M	4.4M	3.1M	-18.8M	-7.3M	-5M	9.2M	-16.1M
Operating cash flow	39.5M	60.1M	12.1M	38.5M	62.7M	53.4M	57M	59.1M	25.7M	50.9M	45.5M	64.8M
Capital expenditure	-7.3M	-6.7M	-10.8M	-3.7M	-6.9M	-10.2M	-15.5M	—	—	—	—	—
Investing cash flow	-7.3M	-6.7M	-10.8M	-3.7M	-6.9M	-10.2M	-15.5M	—	—	—	—	—
Dividends paid	0	—	—	-304.1M	0	0	0	0	0	0	0	-304.2M
Share repurchases	—	—	—	—	—	—	—	—	—	0	0	—
Financing cash flow	0	0	0	-304.1M	0	0	0	0	0	0	0	-304.2M
Net change in cash	32.2M	53.4M	1.3M	-269.4M	55.8M	43.2M	41.5M	59.1M	25.7M	50.9M	45.5M	-239.4M
Free cash flow	24.6M	28.7M	49.6M	53.8M	35.7M	36.3M	44.6M	56M	19.9M	44.6M	35.6M	61.8M

National Beverage Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement