National Beverage (FIZZ) Financials

$34.55 -0.59 (-1.68%)

Closing price 04:00 PM Eastern

Extended Trading

$34.56 +0.01 (+0.03%)

As of 07:18 PM Eastern

Annual Income Statements for National Beverage

This table shows National Beverage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/2/2015	4/30/2016	4/29/2017	4/28/2018	4/27/2019	5/2/2020	5/1/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025
Net Income / (Loss) Attributable to Common Shareholders	49	61	107	150	133	130	174	159	142	177	187
Consolidated Net Income / (Loss)	49	61	107	150	141	130	174	159	142	177	187
Net Income / (Loss) Continuing Operations	49	61	107	150	133	130	174	159	142	177	187
Total Pre-Tax Income	75	93	163	205	184	169	228	208	186	230	245
Total Operating Income	74	93	162	204	180	166	228	208	187	219	235
Total Gross Profit	219	241	326	391	384	370	422	418	397	428	444
Total Revenue	646	705	827	976	1,014	1,000	1,072	1,138	1,173	1,192	1,201
Operating Revenue	646	705	827	976	1,014	1,000	1,072	1,138	1,173	1,192	1,201
Total Cost of Revenue	427	463	501	585	630	630	651	720	776	763	757
Operating Cost of Revenue	427	463	501	585	630	630	651	720	776	763	757
Total Operating Expenses	145	148	164	187	204	204	194	210	210	210	208
Selling, General & Admin Expense	145	148	164	187	204	204	194	210	210	210	208
Total Other Income / (Expense), net	0.73	-0.35	0.35	1.30	-3.94	3.71	0.31	-0.26	-0.24	11	9.11
Other Income / (Expense), net	1.10	-0.15	0.54	1.30	3.94	3.71	0.31	-0.26	-0.24	11	9.11
Income Tax Expense	25	32	56	56	43	39	54	49	44	53	58
Basic Earnings per Share	$1.06	$1.31	$2.30	$3.21	$1.51	$1.39	$1.87	$1.70	$1.52	$1.89	$2.00
Weighted Average Basic Shares Outstanding	46.35M	46.45M	46.56M	46.60M	93.27M	93.26M	93.28M	93.32M	93.35M	93.43M	93.61M
Diluted Earnings per Share	$1.05	$1.31	$2.29	$3.19	$1.50	$1.39	$1.86	$1.69	$1.52	$1.89	$1.99
Weighted Average Diluted Shares Outstanding	46.56M	46.67M	46.77M	46.92M	93.83M	93.66M	93.62M	93.60M	93.61M	93.63M	93.69M
Weighted Average Basic & Diluted Shares Outstanding	46.30M	46.50M	46.50M	46.70M	46.60M	46.63M	93.31M	93.34M	93.35M	93.58M	93.62M

This table shows National Beverage's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/29/2023	10/28/2023	1/27/2024	4/27/2024	7/27/2024	10/26/2024	1/25/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	50	44	40	44	57	46	40	45	56	46	41
Consolidated Net Income / (Loss)	50	44	40	44	57	46	40	45	56	46	41
Net Income / (Loss) Continuing Operations	50	44	40	44	57	46	40	45	56	46	41
Total Pre-Tax Income	65	57	50	58	74	60	52	59	73	61	54
Total Operating Income	63	54	48	53	70	58	51	58	71	58	51
Total Gross Profit	114	108	97	109	122	109	99	113	125	109	100
Total Revenue	324	300	270	297	329	291	267	314	331	288	265
Operating Revenue	324	300	270	297	329	291	267	314	331	288	265
Total Cost of Revenue	210	192	173	188	207	182	168	200	205	179	165
Operating Cost of Revenue	210	192	173	188	207	182	168	200	205	179	165
Total Operating Expenses	51	54	49	56	53	51	48	56	55	51	48
Selling, General & Admin Expense	51	54	49	56	53	51	48	56	55	51	48
Total Other Income / (Expense), net	2.06	2.72	1.97	4.59	4.35	1.73	1.40	1.63	2.24	2.66	2.79
Other Income / (Expense), net	2.06	2.72	1.97	4.59	4.35	1.73	1.40	1.63	2.24	2.66	2.79
Income Tax Expense	16	13	11	14	17	14	12	14	17	14	13
Basic Earnings per Share	$0.53	$0.47	$0.42	($93.58)	$0.61	$0.49	$0.42	$0.48	$0.60	$0.50	$0.44
Weighted Average Basic Shares Outstanding	93.35M	93.36M	93.45M	93.43M	93.57M	93.61M	93.62M	93.61M	93.62M	93.62M	93.61M
Diluted Earnings per Share	$0.53	$0.47	$0.42	($93.58)	$0.61	$0.49	$0.42	$0.47	$0.60	$0.49	$0.44
Weighted Average Diluted Shares Outstanding	93.61M	93.60M	93.64M	93.63M	93.67M	93.69M	93.69M	93.69M	93.70M	93.68M	93.65M
Weighted Average Basic & Diluted Shares Outstanding	93.35M	93.39M	93.54M	93.58M	93.61M	93.61M	93.62M	93.62M	93.62M	93.63M	93.63M

This table details how cash moves in and out of National Beverage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/2/2015	4/30/2016	4/29/2017	4/28/2018	4/27/2019	5/2/2020	5/1/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025
Net Change in Cash & Equivalents	23	53	31	53	-34	148	-111	-146	110	169	-133
Net Cash From Operating Activities	58	80	114	155	139	178	194	133	162	198	207
Net Cash From Continuing Operating Activities	58	80	114	155	139	178	194	133	162	198	207
Net Income / (Loss) Continuing Operations	49	61	107	150	141	130	174	159	142	177	187
Consolidated Net Income / (Loss)	49	61	107	150	141	130	174	159	142	177	187
Depreciation Expense	12	12	13	13	15	17	18	19	20	20	21
Amortization Expense	-	-	-	-	0.00	13	13	13	13	14	15
Non-Cash Adjustments To Reconcile Net Income	-0.88	1.89	0.78	0.31	0.26	-12	-11	-13	-12	-14	-12
Changes in Operating Assets and Liabilities, net	-1.99	5.34	-6.39	-8.59	-17	29	-1.02	-45	-1.38	0.87	-2.98
Net Cash From Investing Activities	-9.73	-12	-14	-32	-38	-24	-25	-29	-22	-30	-36
Net Cash From Continuing Investing Activities	-9.73	-12	-14	-32	-38	-24	-25	-29	-22	-30	-36
Purchase of Property, Plant & Equipment	-12	-12	-14	-32	-38	-24	-25	-29	-22	-30	-36
Sale of Property, Plant & Equipment	1.91	0.12	0.03	0.06	0.02	0.01	0.01	0.01	0.03	0.05	0.01
Net Cash From Financing Activities	-26	-15	-69	-69	-135	-5.49	-279	-250	-30	1.31	-304
Net Cash From Continuing Financing Activities	-26	-15	-69	-69	-135	-5.49	-279	-250	-30	1.31	-304
Repayment of Debt	-20	-10	-	-	-	0.00	0.00	-20	-30	0.00	0.00
Payment of Dividends	-0.24	-0.19	-70	-70	-135	0.00	-280	-280	0.00	0.00	-304
Other Financing Activities, net	0.47	0.85	0.37	0.56	0.46	0.74	0.49	0.34	0.31	1.31	0.52
Cash Interest Paid	0.38	0.12	0.20	0.10	0.05	0.05	0.15	0.37	0.32	0.23	0.12
Cash Income Taxes Paid	25	29	56	57	37	29	63	52	38	56	56

This table details how cash moves in and out of National Beverage's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/29/2023	10/28/2023	1/27/2024	4/27/2024	7/27/2024	10/26/2024	1/25/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026
Net Change in Cash & Equivalents	65	25	29	50	-250	36	36	45	56	19	45
Net Cash From Operating Activities	70	32	35	60	57	43	47	60	59	26	51
Net Cash From Continuing Operating Activities	70	32	35	60	57	43	47	60	59	26	51
Net Income / (Loss) Continuing Operations	50	44	40	44	57	46	40	45	56	46	41
Consolidated Net Income / (Loss)	50	44	40	44	57	46	40	45	56	46	41
Depreciation Expense	4.96	4.99	5.15	5.07	5.39	5.14	4.78	5.48	5.41	5.59	5.61
Amortization Expense	3.33	3.59	3.56	3.56	3.56	3.59	3.65	3.77	3.80	3.86	3.88
Non-Cash Adjustments To Reconcile Net Income	-3.13	-4.82	-2.82	-3.13	-3.36	-3.55	-2.55	-3.04	-3.50	-3.36	-3.12
Changes in Operating Assets and Liabilities, net	15	-16	-10	11	-4.87	-8.22	1.01	9.10	-2.38	-27	3.35
Net Cash From Investing Activities	-5.45	-7.28	-6.69	-11	-3.70	-6.91	-10	-15	-3.09	-5.81	-6.27
Net Cash From Continuing Investing Activities	-5.45	-7.28	-6.69	-11	-3.70	-6.91	-10	-15	-3.09	-5.81	-6.27
Purchase of Property, Plant & Equipment	-5.47	-7.29	-6.70	-11	-3.70	-6.91	-10	-15	-3.10	-5.81	-6.30
Sale of Property, Plant & Equipment	0.03	0.00	0.02	0.01	0.00	0.00	-	0.00	0.00	-	0.03
Cash Interest Paid	0.11	0.03	-	0.08	0.03	-0.01	0.05	0.05	0.03	0.10	0.05
Cash Income Taxes Paid	0.00	31	13	12	0.22	31	15	9.49	0.09	33	10

This table presents National Beverage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/2/2015	4/30/2016	4/29/2017	4/28/2018	4/27/2019	5/2/2020	5/1/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025
Total Assets	248	305	354	459	452	649	557	468	574	770	673
Total Current Assets	168	224	268	353	321	461	365	275	366	537	407
Cash & Equivalents	52	106	136	190	156	305	194	48	158	327	194
Accounts Receivable	60	61	71	84	85	85	86	94	105	103	104
Inventories, net	43	48	53	61	71	63	71	103	94	85	85
Prepaid Expenses	8.05	4.67	7.28	18	9.71	7.79	13	30	9.84	22	24
Plant, Property, & Equipment, net	60	62	65	86	111	121	131	144	148	160	176
Total Noncurrent Assets	20	20	21	20	19	67	61	49	60	74	90
Goodwill	13	13	13	13	13	13	13	13	13	13	13
Intangible Assets	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62
Other Noncurrent Operating Assets	5.08	5.14	5.75	5.30	4.66	53	47	34	45	59	76
Total Liabilities & Shareholders' Equity	248	305	354	459	452	649	557	468	574	770	673
Total Liabilities	100	99	108	127	121	196	201	228	202	211	229
Total Current Liabilities	66	76	87	105	97	142	147	145	144	138	141
Accounts Payable	45	49	58	75	66	74	89	95	85	78	82
Accrued Expenses	21	26	29	30	30	42	44	39	47	47	44
Current Deferred & Payable Income Tax Liabilities	0.10	0.03	0.09	0.10	0.40	7.86	0.09	0.39	0.15	-	0.00
Other Current Liabilities	-	-	-	-	0.00	17	15	11	12	13	15
Total Noncurrent Liabilities	34	24	21	23	24	55	54	83	58	73	88
Noncurrent Deferred & Payable Income Tax Liabilities	15	14	12	15	16	15	17	24	20	23	23
Other Noncurrent Operating Liabilities	8.47	9.26	9.07	8.22	7.56	40	37	29	38	49	65
Commitments & Contingencies	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	148	206	246	331	-295	452	356	239	372	560	444
Total Preferred & Common Equity	148	201	246	331	332	452	356	239	372	560	444
Preferred Stock	0.27	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Total Common Equity	148	206	245	331	-295	452	356	239	372	559	444
Common Stock	38	35	36	37	38	38	39	40	41	44	45
Retained Earnings	130	191	228	308	313	443	338	216	358	535	418
Treasury Stock	-18	-18	-18	-18	-18	-24	-24	-	-19	-19	-19
Accumulated Other Comprehensive Income / (Loss)	-2.52	-1.81	-0.60	4.60	-1.54	-5.42	3.02	6.92	-3.19	4.91	5.60
Other Equity Adjustments	-	-	-	-	-	-	-	-24	-5.10	-5.10	-5.10

This table presents National Beverage's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	10/29/2022	1/28/2023	7/29/2023	10/28/2023	1/27/2024	7/27/2024	10/26/2024	1/25/2025	8/2/2025	11/1/2025	1/31/2026
Total Assets	500	526	640	673	720	523	557	594	738	749	792
Total Current Assets	299	324	431	456	489	293	325	353	476	491	538
Cash & Equivalents	93	118	223	248	277	77	113	149	250	269	314
Accounts Receivable	100	97	108	100	102	116	100	91	107	93	97
Inventories, net	88	94	93	93	89	91	91	85	94	96	96
Prepaid Expenses	17	15	8.03	16	22	9.52	21	27	26	33	31
Plant, Property, & Equipment, net	143	143	149	152	154	158	160	166	173	174	174
Total Noncurrent Assets	58	60	60	65	77	71	72	76	88	84	80
Goodwill	13	13	13	13	13	13	13	13	13	13	13
Intangible Assets	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62
Other Noncurrent Operating Assets	44	45	45	50	62	56	57	61	73	69	65
Total Liabilities & Shareholders' Equity	500	526	640	673	720	523	557	594	738	749	792
Total Liabilities	205	187	218	206	210	216	197	194	234	198	201
Total Current Liabilities	148	126	157	143	133	147	128	120	147	115	122
Accounts Payable	84	69	87	80	73	74	70	63	79	64	67
Accrued Expenses	51	44	49	49	45	50	45	43	40	35	40
Current Deferred & Payable Income Tax Liabilities	0.15	0.47	8.90	0.19	0.79	11	0.68	0.64	13	0.41	0.77
Other Current Liabilities	12	12	12	13	14	13	13	13	15	15	15
Total Noncurrent Liabilities	57	61	62	63	77	68	69	74	87	83	79
Noncurrent Deferred & Payable Income Tax Liabilities	21	25	24	24	25	21	24	24	24	25	24
Other Noncurrent Operating Liabilities	37	37	37	39	52	47	46	50	63	58	55
Commitments & Contingencies	-	-	0.00	-	-	0.00	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	295	340	422	467	510	307	360	400	504	551	591
Total Preferred & Common Equity	295	340	422	467	510	307	360	400	504	551	591
Preferred Stock	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Total Common Equity	295	339	422	467	510	306	360	400	504	551	591
Common Stock	41	41	42	42	43	44	44	45	45	45	45
Retained Earnings	288	322	408	452	491	288	333	373	474	520	561
Treasury Stock	-24	-24	-19	-19	-19	-19	-19	-19	-19	-20	-20
Accumulated Other Comprehensive Income / (Loss)	-9.53	0.32	-3.40	-2.54	0.19	-1.14	6.51	6.74	9.84	11	9.41
Other Equity Adjustments	-	-	-5.10	-5.10	-5.10	-5.10	-5.10	-5.10	-5.10	-5.10	-5.10

This table displays calculated financial ratios and metrics derived from National Beverage's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/2/2015	4/30/2016	4/29/2017	4/28/2018	4/27/2019	5/2/2020	5/1/2021	4/30/2022	4/29/2023	4/27/2024	5/3/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.73%	9.13%	17.33%	18.00%	3.93%	-1.35%	7.18%	6.14%	3.07%	1.60%	0.81%
EBITDA Growth	14.82%	21.12%	67.53%	24.38%	-8.87%	0.36%	29.62%	-7.67%	-8.22%	20.17%	6.01%
EBIT Growth	17.74%	23.74%	75.46%	26.06%	-10.52%	-7.84%	34.63%	-9.00%	-10.19%	23.28%	6.40%
NOPAT Growth	9.60%	25.80%	73.89%	39.33%	-7.39%	-7.77%	36.80%	-8.74%	-10.31%	18.03%	7.05%
Net Income Growth	13.01%	24.11%	74.92%	39.92%	-5.96%	-7.73%	33.99%	-8.98%	-10.31%	24.32%	5.71%
EPS Growth	14.13%	24.76%	74.81%	39.30%	-5.96%	-7.73%	33.81%	-9.14%	-10.06%	24.34%	5.29%
Operating Cash Flow Growth	10.76%	38.72%	41.98%	35.40%	-9.88%	27.43%	9.05%	-31.29%	21.43%	22.42%	4.44%
Free Cash Flow Firm Growth	23.41%	32.96%	48.30%	18.70%	-10.73%	48.77%	2.97%	-37.40%	49.73%	0.43%	8.14%
Invested Capital Growth	-0.89%	-4.51%	8.62%	29.59%	23.90%	-15.73%	9.87%	36.32%	-3.15%	8.42%	7.61%
Revenue Q/Q Growth	0.04%	2.09%	4.16%	3.42%	-0.43%	2.30%	-0.12%	2.07%	0.21%	0.90%	1.38%
EBITDA Q/Q Growth	3.39%	8.43%	11.66%	2.56%	-6.95%	15.02%	1.10%	-2.37%	1.30%	4.04%	0.81%
EBIT Q/Q Growth	4.07%	9.27%	12.50%	2.88%	-7.93%	8.22%	1.80%	-2.90%	1.64%	4.26%	0.66%
NOPAT Q/Q Growth	-0.71%	9.62%	12.06%	4.95%	-7.17%	8.49%	2.19%	-2.90%	1.71%	2.02%	1.88%
Net Income Q/Q Growth	0.51%	9.59%	12.18%	5.11%	-6.82%	8.40%	1.70%	-2.93%	1.40%	4.38%	0.56%
EPS Q/Q Growth	0.96%	10.08%	12.25%	4.93%	-6.82%	8.40%	-99.90%	-3.43%	1.33%	4.42%	0.00%
Operating Cash Flow Q/Q Growth	2.17%	13.15%	1.81%	10.95%	-10.03%	12.73%	-1.96%	-5.68%	5.78%	5.90%	-0.18%
Free Cash Flow Firm Q/Q Growth	5.88%	8.11%	7.40%	2.10%	-10.40%	21.32%	-5.17%	-9.57%	10.90%	-1.74%	2.12%
Invested Capital Q/Q Growth	-5.98%	-5.87%	-1.38%	2.23%	2.65%	-7.93%	-0.19%	2.55%	-3.06%	-0.34%	-0.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.93%	34.26%	39.43%	40.09%	37.90%	37.00%	39.32%	36.71%	33.83%	35.95%	36.95%
EBITDA Margin	13.42%	14.89%	21.27%	22.42%	19.65%	20.00%	24.18%	21.04%	18.73%	22.16%	23.30%
Operating Margin	11.46%	13.20%	19.65%	20.93%	17.74%	16.57%	21.25%	18.26%	15.92%	18.34%	19.60%
EBIT Margin	11.63%	13.18%	19.71%	21.06%	18.13%	16.94%	21.28%	18.24%	15.90%	19.29%	20.36%
Profit (Net Income) Margin	7.64%	8.68%	12.95%	15.35%	13.89%	12.99%	16.24%	13.93%	12.12%	14.83%	15.55%
Tax Burden Percent	66.00%	66.01%	65.74%	72.89%	76.60%	76.70%	76.33%	76.36%	76.25%	76.89%	76.39%
Interest Burden Percent	99.51%	99.78%	99.88%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	34.00%	33.99%	34.26%	27.11%	23.40%	23.30%	23.67%	23.64%	23.75%	23.11%	23.61%
Return on Invested Capital (ROIC)	46.15%	59.67%	101.82%	118.67%	86.97%	78.66%	112.12%	82.71%	65.33%	75.19%	74.54%
ROIC Less NNEP Spread (ROIC-NNEP)	44.92%	59.98%	101.63%	118.09%	89.12%	82.09%	112.02%	82.89%	65.54%	71.60%	71.87%
Return on Net Nonoperating Assets (RNNOA)	-12.14%	-25.09%	-54.43%	-66.76%	691.46%	86.82%	-69.03%	-29.46%	-18.86%	-37.27%	-37.30%
Return on Equity (ROE)	34.01%	34.58%	47.39%	51.91%	778.43%	165.48%	43.09%	53.24%	46.46%	37.93%	37.23%
Cash Return on Invested Capital (CROIC)	47.04%	64.28%	93.55%	92.89%	65.62%	95.73%	102.71%	51.97%	68.53%	67.12%	67.20%
Operating Return on Assets (OROA)	31.91%	33.59%	49.44%	50.56%	40.37%	30.79%	37.84%	40.50%	35.78%	34.19%	33.90%
Return on Assets (ROA)	20.96%	22.12%	32.46%	36.85%	30.92%	23.61%	28.88%	30.93%	27.28%	26.29%	25.89%
Return on Common Equity (ROCE)	33.93%	34.54%	47.36%	51.88%	771.98%	165.16%	43.07%	53.22%	46.44%	37.91%	37.22%
Return on Equity Simple (ROE_SIMPLE)	33.37%	30.42%	43.58%	45.19%	42.48%	28.73%	48.92%	66.20%	38.17%	31.59%	42.08%
Net Operating Profit after Tax (NOPAT)	49	61	107	149	138	127	174	159	142	168	180
NOPAT Margin	7.56%	8.72%	12.92%	15.25%	13.59%	12.71%	16.22%	13.95%	12.14%	14.10%	14.97%
Net Nonoperating Expense Percent (NNEP)	1.23%	-0.31%	0.19%	0.58%	-2.15%	-3.42%	0.10%	-0.19%	-0.21%	3.59%	2.67%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	40.51%
Cost of Revenue to Revenue	66.07%	65.74%	60.57%	59.91%	62.10%	63.00%	60.68%	63.29%	66.17%	64.05%	63.05%
SG&A Expenses to Revenue	22.48%	21.05%	19.78%	19.16%	20.16%	20.43%	18.07%	18.45%	17.91%	17.62%	17.35%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.48%	21.05%	19.78%	19.16%	20.16%	20.43%	18.07%	18.45%	17.91%	17.62%	17.35%
Earnings before Interest and Taxes (EBIT)	75	93	163	205	184	169	228	208	186	230	245
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	87	105	176	219	199	200	259	239	220	264	280
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	4.57	12.00	16.05	11.63	6.80	9.09
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	4.72	12.52	17.10	12.11	6.98	9.40
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	2.06	3.98	3.37	3.69	3.19	3.36
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	15.89	24.52	24.22	30.46	21.52	21.59
Dividend Yield	0.00%	0.00%	4.02%	7.80%	11.40%	0.00%	0.00%	7.29%	0.00%	0.00%	7.54%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	6.29%	4.08%	4.13%	3.28%	4.65%	4.63%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	11.91	25.10	17.26	19.46	14.95	15.35
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	1.76	3.80	3.36	3.56	2.92	3.20
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	8.80	15.72	15.96	18.99	13.16	13.72
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	10.39	17.87	18.41	22.38	15.12	15.70
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	13.85	23.44	24.08	29.31	20.69	21.35
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	9.91	21.04	28.71	25.81	17.56	18.58
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	11.38	25.58	38.32	27.94	23.18	23.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.00	0.00	0.00
Long-Term Debt to Equity	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.00	0.00	0.00
Financial Leverage	-0.27	-0.42	-0.54	-0.57	7.76	1.06	-0.62	-0.36	-0.29	-0.52	-0.52
Leverage Ratio	1.62	1.56	1.46	1.41	25.17	7.01	1.49	1.72	1.70	1.44	1.44
Compound Leverage Factor	1.61	1.56	1.46	1.41	25.17	7.01	1.49	1.72	1.70	1.44	1.44
Debt to Total Capital	6.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.13%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	6.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.13%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.17%	0.07%	0.06%	0.05%	-0.05%	0.03%	0.04%	0.06%	0.04%	0.03%	0.03%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.49%	99.93%	99.94%	99.95%	100.05%	99.97%	99.96%	88.81%	99.96%	99.97%	99.97%
Debt to EBITDA	0.12	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.00	0.00	0.00
Net Debt to EBITDA	-0.49	0.00	0.00	0.00	0.00	0.00	0.00	-0.08	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.12	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.00	0.00	0.00
Debt to NOPAT	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.19	0.00	0.00	0.00
Net Debt to NOPAT	-0.87	0.00	0.00	0.00	0.00	0.00	0.00	-0.11	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.19	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	10.26	17.32	14.96	17.32	14.96	14.91
Noncontrolling Interest Sharing Ratio	0.23%	0.12%	0.07%	0.05%	0.83%	0.19%	0.04%	0.05%	0.05%	0.03%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.53	2.96	3.08	3.37	3.31	3.25	2.48	1.89	2.54	3.89	2.90
Quick Ratio	1.70	2.20	2.38	2.62	2.48	2.75	1.90	0.97	1.82	3.12	2.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	50	66	98	116	104	155	159	100	149	150	162
Operating Cash Flow to CapEx	596.61%	669.35%	816.95%	484.85%	363.94%	744.07%	765.83%	459.02%	736.45%	654.28%	569.80%
Free Cash Flow to Firm to Interest Expense	134.16	326.00	519.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	156.39	396.47	604.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	130.18	337.24	530.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.74	2.55	2.51	2.40	2.23	1.82	1.78	2.22	2.25	1.77	1.67
Accounts Receivable Turnover	10.93	11.65	12.49	12.54	11.99	11.79	12.51	12.64	11.82	11.47	11.61
Inventory Turnover	9.83	10.20	9.89	10.23	9.57	9.39	9.64	8.24	7.88	8.57	8.93
Fixed Asset Turnover	10.79	11.54	13.01	12.93	10.29	8.63	8.52	8.27	8.02	7.73	7.17
Accounts Payable Turnover	9.43	9.83	9.32	8.79	8.93	8.97	7.98	7.83	8.60	9.34	9.42
Days Sales Outstanding (DSO)	33.39	31.33	29.21	29.12	30.45	30.97	29.17	28.87	30.89	31.82	31.44
Days Inventory Outstanding (DIO)	37.14	35.78	36.90	35.67	38.14	38.86	37.86	44.29	46.30	42.61	40.89
Days Payable Outstanding (DPO)	38.71	37.14	39.17	41.51	40.88	40.70	45.76	46.64	42.42	39.07	38.73
Cash Conversion Cycle (CCC)	31.82	29.98	26.95	23.29	27.72	29.12	21.27	26.53	34.76	35.35	33.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	105	101	109	142	175	148	162	221	214	232	250
Invested Capital Turnover	6.10	6.85	7.88	7.78	6.40	6.19	6.91	5.93	5.38	5.33	4.98
Increase / (Decrease) in Invested Capital	-0.94	-4.75	8.67	32	34	-28	15	59	-6.98	18	18
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	1,761	4,076	3,822	4,172	3,476	3,840
Market Capitalization	0.00	0.00	0.00	0.00	0.00	2,065	4,270	3,840	4,330	3,803	4,034
Book Value per Share	$3.18	$4.43	$5.27	$7.11	($6.33)	$9.70	$3.81	$2.56	$3.99	$5.98	$4.74
Tangible Book Value per Share	$2.86	$4.11	$4.95	$6.79	($6.65)	$9.38	$3.66	$2.41	$3.83	$5.82	$4.58
Total Capital	158	206	246	331	-295	452	356	269	372	560	444
Total Debt	10	0.00	0.00	0.00	0.00	0.00	0.00	30	0.00	0.00	0.00
Total Long-Term Debt	10	0.00	0.00	0.00	0.00	0.00	0.00	30	0.00	0.00	0.00
Net Debt	-42	-106	-136	-190	-156	-305	-194	-18	-158	-327	-194
Capital Expenditures (CapEx)	9.73	12	14	32	38	24	25	29	22	30	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	49	42	45	58	68	15	24	81	64	72	73
Debt-free Net Working Capital (DFNWC)	101	148	181	248	224	319	218	129	222	399	266
Net Working Capital (NWC)	101	148	181	248	224	319	218	129	222	399	266
Net Nonoperating Expense (NNE)	-0.48	0.23	-0.23	-0.95	-3.02	-2.84	-0.24	0.20	0.18	-8.72	-6.96
Net Nonoperating Obligations (NNO)	-42	-106	-136	-190	471	-305	-194	-18	-158	-327	-194
Total Depreciation and Amortization (D&A)	12	12	13	13	15	31	31	32	33	34	35
Debt-free, Cash-free Net Working Capital to Revenue	7.59%	6.03%	5.41%	5.99%	6.73%	1.45%	2.25%	7.13%	5.46%	6.03%	6.04%
Debt-free Net Working Capital to Revenue	15.71%	21.01%	21.90%	25.45%	22.13%	31.89%	20.31%	11.35%	18.93%	33.48%	22.18%
Net Working Capital to Revenue	15.71%	21.01%	21.90%	25.45%	22.13%	31.89%	20.31%	11.35%	18.93%	33.48%	22.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.53	$0.66	$1.15	$1.61	$1.51	$1.40	$1.87	$1.70	$1.52	$1.89	$2.00
Adjusted Weighted Average Basic Shares Outstanding	92.71M	92.90M	93.13M	93.20M	93.27M	93.26M	93.28M	93.32M	93.35M	93.43M	93.61M
Adjusted Diluted Earnings per Share	$0.53	$0.66	$1.15	$1.60	$1.50	$1.39	$1.86	$1.69	$1.52	$1.89	$1.99
Adjusted Weighted Average Diluted Shares Outstanding	93.12M	93.34M	93.54M	93.84M	93.83M	93.66M	93.62M	93.60M	93.61M	93.63M	93.69M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$1.40	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	92.80M	93.11M	93.17M	93.24M	93.29M	93.25M	93.31M	93.34M	93.35M	93.58M	93.62M
Normalized Net Operating Profit after Tax (NOPAT)	49	61	107	149	138	127	174	159	142	168	180
Normalized NOPAT Margin	7.56%	8.72%	12.92%	15.25%	13.59%	12.71%	16.22%	13.95%	12.14%	14.10%	14.97%
Pre Tax Income Margin	11.57%	13.15%	19.69%	21.06%	18.13%	16.94%	21.28%	18.24%	15.90%	19.29%	20.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	202.38	457.67	862.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	131.62	302.60	565.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	176.17	398.44	788.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	105.40	243.37	491.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.48%	0.30%	65.25%	46.66%	96.02%	0.00%	160.71%	176.64%	0.00%	0.00%	162.80%
Augmented Payout Ratio	0.48%	0.30%	65.25%	46.66%	96.02%	4.80%	160.71%	176.64%	0.00%	0.00%	162.80%

This table displays calculated financial ratios and metrics derived from National Beverage's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/29/2023	10/28/2023	1/27/2024	4/27/2024	7/27/2024	10/26/2024	1/25/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	93,632,102.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	93,632,102.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.44
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	48	42	38	40	53	44	39	44	54	44	39
Return On Investment Capital (ROIC_SIMPLE)	-	-	7.46%	-	-	-	9.64%	9.80%	10.72%	8.04%	6.61%
Earnings before Interest and Taxes (EBIT)	65	57	50	58	74	60	52	59	73	61	54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	73	66	59	66	83	68	60	68	82	70	63
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	57	25	26	22	23	16	21	26	29	9.70	13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	199	219	233	232	230	247	251	250	254	282	277
Increase / (Decrease) in Invested Capital	-8.74	17	12	18	30	28	18	18	25	35	26
Book Value per Share	$4.52	$5.00	$5.46	$5.98	$3.27	$3.85	$4.27	$4.74	$5.38	$5.89	$6.31
Tangible Book Value per Share	$4.36	$4.84	$5.30	$5.82	$3.12	$3.69	$4.12	$4.58	$5.23	$5.73	$6.15
Total Capital	422	467	510	560	307	360	400	444	504	551	591
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-223	-248	-277	-327	-77	-113	-149	-194	-250	-269	-314
Capital Expenditures (CapEx)	5.45	7.28	6.69	11	3.70	6.91	10	15	3.09	5.81	6.27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	52	66	79	72	69	84	84	73	79	107	102
Debt-free Net Working Capital (DFNWC)	275	314	356	399	146	197	233	266	329	377	416
Net Working Capital (NWC)	275	314	356	399	146	197	233	266	329	377	416
Net Nonoperating Expense (NNE)	-1.57	-2.09	-1.55	-3.49	-3.34	-1.32	-1.07	-1.23	-1.71	-2.03	-2.13
Net Nonoperating Obligations (NNO)	-223	-248	-277	-327	-77	-113	-149	-194	-250	-269	-314
Total Depreciation and Amortization (D&A)	8.29	8.58	8.71	8.63	8.95	8.73	8.43	9.25	9.21	9.45	9.49
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$53.00	$0.47	$42.00	($93.58)	$0.61	$0.49	$0.42	$0.48	$0.60	$0.50	$0.44
Adjusted Weighted Average Basic Shares Outstanding	93.35M	93.36M	93.45M	93.43M	93.57M	93.61M	93.62M	93.61M	93.62M	93.62M	93.61M
Adjusted Diluted Earnings per Share	$53.00	$0.47	$42.00	($93.58)	$0.61	$0.49	$0.42	$0.47	$0.60	$0.49	$0.44
Adjusted Weighted Average Diluted Shares Outstanding	93.61M	93.60M	93.64M	93.63M	93.67M	93.69M	93.69M	93.69M	93.70M	93.68M	93.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	93.35M	93.39M	93.54M	93.58M	93.61M	93.61M	93.62M	93.62M	93.62M	93.63M	93.63M
Normalized Net Operating Profit after Tax (NOPAT)	48	42	38	40	53	44	39	44	54	44	39
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Here are the top trends for National Beverage Corp (NASDAQ: FIZZ) based on the quarterly statements from the last four years (Q1 2024 through Q2 2026). The focus is on how the company is performing financially and what that could mean for investors.

Gross margin has remained solid and relatively stable in the mid-30s to high-30s percent range (roughly 36%–39%), with recent quarters hovering around 37%–38%.
Net income margin has stayed in the mid-teens (approximately 15%–17%), with 2025–2026 periods generating roughly 16% on revenue, signaling consistent profitability.
Cash flow from operations has been positive in every quarter over the four-year window, highlighting a strong cash-generating core. For example, CFO was around $59M in Q1 2026 and remained positive in later quarters.
The company carries little to no long-term debt in the period, indicating a conservative capital structure and limited interest expense risk.
Liquidity is robust, with cash & equivalents around $250–$270 million in recent quarters and current liabilities in the low-to-mid $100 million range, yielding a comfortable liquidity cushion.
Revenue has fluctuated within a fairly narrow band (roughly $270–$330 million per quarter), suggesting steady but not rapidly growing top-line performance.
Near-term cash flow can be volatile. For example, cash flow from operations declined from about $59 million in Q1 2026 to about $25.7 million in Q2 2026, indicating quarterly swings in operating performance.
Investing activity shows ongoing but moderate capital expenditure, with free cash flow remaining positive but varying quarter to quarter due to capex timing and asset purchases.
There was a one-time large dividend payment in Q1 2025 (~$304 million), which temporarily reduced financing cash flows and could influence near-term liquidity comparisons.
In the near term, cash flow dynamics can present headwinds if large financing outflows or growth-related capex persist (e.g., the notable Q1 2025 dividend and volatile quarterly CFO trends). This adds some near-term uncertainty to liquidity and cash generation.

05/11/26 09:59 PM ETAI Generated. May Contain Errors.

National Beverage Financials - Frequently Asked Questions

According to the most recent income statement we have on file, National Beverage's fiscal year ends in May. Their fiscal year 2025 ended on May 3, 2025.

National Beverage's net income appears to be on an upward trend, with a most recent value of $186.82 million in 2025, rising from $49.31 million in 2015. The previous period was $176.73 million in 2024. Check out National Beverage's forecast to explore projected trends and price targets.

National Beverage's total operating income in 2025 was $235.46 million, based on the following breakdown:

Total Gross Profit: $443.94 million
Total Operating Expenses: $208.48 million

Over the last 10 years, National Beverage's total revenue changed from $645.83 million in 2015 to $1.20 billion in 2025, a change of 86.0%.

National Beverage's total liabilities were at $228.86 million at the end of 2025, a 8.6% increase from 2024, and a 128.9% increase since 2015.

In the past 10 years, National Beverage's cash and equivalents has ranged from $48.05 million in 2022 to $327.05 million in 2024, and is currently $193.84 million as of their latest financial filing in 2025.

Over the last 10 years, National Beverage's book value per share changed from 3.18 in 2015 to 4.74 in 2025, a change of 49.0%.

Related Companies

Financial statements for NASDAQ:FIZZ last updated on 3/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

National Beverage (FIZZ) Financials

Financials Breakdown Chart

Key Financial Trends

National Beverage Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

National Beverage (FIZZ) Financials

Annual Income Statements for National Beverage

Quarterly Income Statements for National Beverage

Annual Cash Flow Statements for National Beverage

Quarterly Cash Flow Statements for National Beverage

Annual Balance Sheets for National Beverage

Quarterly Balance Sheets for National Beverage

Annual Metrics And Ratios for National Beverage

Quarterly Metrics And Ratios for National Beverage

Financials Breakdown Chart

Key Financial Trends

National Beverage Financials - Frequently Asked Questions

When does National Beverage's financial year end?

How has National Beverage's net income changed over the last 10 years?

What is National Beverage's operating income?

How has National Beverage's revenue changed over the last 10 years?

How much debt does National Beverage have?

How much cash does National Beverage have?

How has National Beverage's book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools