NASDAQ : FIZZ
National Beverage Corp. — Financial statements
Consumer Staples · Beverages - Non-Alcoholic · United States
Last price 35.02 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.28B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
National Beverage Corp. (FIZZ) reported revenue of 1.18B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.18B | 1.18B | 1.20B | 1.19B | 1.17B | 1.14B |
| Cost of Revenue | 753.11M | 743.29M | 757.41M | 763.24M | 776.14M | 720.21M |
| Gross Profit | 427.59M | 437.26M | 443.94M | 428.45M | 396.79M | 417.81M |
| Selling, General & Admin | 209.78M | 207.15M | 208.48M | 209.94M | 210.10M | 209.95M |
| Operating Expenses | 209.78M | 207.15M | 208.48M | 209.94M | 210.10M | 209.95M |
| Operating Income | 217.81M | 230.11M | 235.46M | 218.51M | 186.68M | 207.86M |
| Interest & Investment Income | 11.70M | 10.60M | 9.30M | |||
| Other Non Operating Income (Expenses) | -292.00K | -139.00K | -195.00K | 11.34M | -242.00K | -260.00K |
| Pretax Income | 229.22M | 240.57M | 244.56M | 229.85M | 186.44M | 207.60M |
| Income Tax Expense | 54.33M | 56.92M | 57.74M | 53.12M | 44.28M | 49.08M |
| Net Income | 174.89M | 183.65M | 186.82M | 176.73M | 142.16M | 158.51M |
| Net Income to Common | 174.89M | 183.65M | 186.82M | 176.73M | 142.16M | 158.51M |
| Shares Outstanding (Basic) | 93.62M | 93.62M | 93.61M | 93.43M | 93.35M | 93.32M |
| Shares Outstanding (Diluted) | 93.66M | 93.67M | 93.69M | 93.63M | 93.61M | 93.60M |
| EPS (Basic) | 1.87 | 1.96 | 2.00 | 1.89 | 1.52 | 1.70 |
| EPS (Diluted) | 1.86 | 1.96 | 1.99 | 1.89 | 1.52 | 1.69 |
| Free Cash Flow | 161.90M | 156.11M | 170.41M | 167.61M | 139.69M | 104.12M |
| Free Cash Flow Per Share | 1.73 | 1.67 | 1.82 | 1.79 | 1.49 | 1.11 |
| Gross Margin | 36.22% | 37.04% | 36.95% | 35.95% | 33.83% | 36.71% |
| Operating Margin | 18.45% | 19.49% | 19.60% | 18.34% | 15.92% | 18.27% |
| Profit Margin | 14.81% | 15.56% | 15.55% | 14.83% | 12.12% | 13.93% |
| Free Cash Flow Margin | 13.71% | 13.22% | 14.19% | 14.06% | 11.91% | 9.15% |
| EBITDA | 241.41M | 252.78M | 256.26M | 238.67M | 206.72M | 226.40M |
| EBITDA Margin | 20.45% | 21.41% | 21.33% | 20.03% | 17.62% | 19.89% |
| D&A For EBITDA | 23.59M | 22.68M | 20.80M | 20.16M | 20.04M | 18.54M |
| EBIT | 217.81M | 230.11M | 235.46M | 218.51M | 186.68M | 207.86M |
| EBIT Margin | 18.45% | 19.49% | 19.60% | 18.34% | 15.92% | 18.27% |
| Effective Tax Rate | 23.70% | 23.66% | 23.61% | 23.11% | 23.75% | 23.64% |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 107.10M | 349.54M | 193.84M | 327.05M | 158.07M | 48.05M |
| Cash & Short-Term Investments | 107.10M | 349.54M | 193.84M | 327.05M | 158.07M | 48.05M |
| Receivables | 105.77M | 104.30M | 104.16M | 102.84M | 104.92M | 93.59M |
| Inventory | 100.44M | 95.52M | 85.11M | 84.60M | 93.58M | 103.32M |
| Prepaid Expenses | 11.04M | 27.70M | 16.43M | 16.68M | 9.84M | 20.76M |
| Other Current Assets | 3.20M | 16.00M | 7.40M | 5.70M | 8.80M | |
| Total Current Assets | 327.55M | 593.06M | 406.93M | 536.87M | 366.40M | 274.52M |
| Property, Plant & Equipment | 235.57M | 238.86M | 245.87M | 213.23M | 187.93M | 173.51M |
| Goodwill | 13.14M | 13.14M | 13.14M | 13.14M | 13.14M | 13.14M |
| Other Intangible Assets | 1.61M | 1.61M | 1.61M | 1.61M | 1.61M | 1.61M |
| Other Long-Term Assets | 4.39M | 4.97M | 5.30M | 5.29M | 5.25M | 5.01M |
| Total Assets | 582.27M | 851.65M | 672.86M | 770.15M | 574.34M | 467.80M |
| Accounts Payable | 81.80M | 87.45M | 82.45M | 78.28M | 85.11M | 95.30M |
| Accrued Expenses | 35.22M | 30.03M | 38.52M | 40.82M | 37.59M | 33.59M |
| Current Portion of Leases | 14.49M | 14.46M | 14.53M | 13.08M | 11.74M | 10.54M |
| Current Income Taxes Payable | 4.52M | 152.00K | 387.00K | |||
| Other Current Liabilities | 900.00K | 3.27M | 5.00M | 5.74M | 9.72M | 5.50M |
| Total Current Liabilities | 136.93M | 135.21M | 140.50M | 137.93M | 144.32M | 145.32M |
| Long-Term Debt | 30.00M | |||||
| Long-Term Leases | 44.28M | 44.48M | 57.59M | 41.69M | 29.78M | 20.70M |
| Long-Term Deferred Tax Liabilities | 26.42M | 29.19M | 23.01M | 23.25M | 19.81M | 23.82M |
| Other Long-Term Liabilities | 6.93M | 7.05M | 7.76M | 7.78M | 7.94M | 8.52M |
| Total Liabilities | 214.56M | 215.93M | 228.86M | 210.64M | 201.85M | 228.37M |
| Common Stock | 1.02M | 1.02M | 1.02M | 1.02M | 1.02M | 1.02M |
| Additional Paid-In Capital | 44.51M | 44.40M | 43.71M | 42.59M | 40.39M | 39.41M |
| Retained Earnings | 344.15M | 601.40M | 417.75M | 535.08M | 358.35M | 216.18M |
| Treasury Stock | -19.81M | -19.81M | -19.13M | -19.13M | -19.13M | -19.13M |
| Comprehensive Income & Other | 2.78M | 13.65M | 5.60M | 4.91M | -3.19M | 6.92M |
| Total Common Equity | 372.65M | 640.66M | 448.95M | 564.46M | 377.44M | 244.39M |
| Shareholders' Equity | 367.70M | 635.71M | 444.00M | 559.51M | 372.49M | 239.44M |
| Total Liabilities & Equity | 582.27M | 851.65M | 672.86M | 770.15M | 574.34M | 467.80M |
| Total Debt | 58.77M | 58.94M | 72.12M | 54.77M | 41.53M | 61.25M |
| Net Cash (Debt) | 48.33M | 290.61M | 121.71M | 272.28M | 116.55M | -13.20M |
| Net Cash Per Share | 0.52 | 3.10 | 1.30 | 2.91 | 1.25 | -0.14 |
| Filing Date Shares Outstanding | 93.62M | 93.61M | 93.62M | 93.58M | 93.35M | 93.34M |
| Total Common Shares Outstanding | 93.62M | 93.61M | 93.62M | 93.57M | 93.35M | 93.34M |
| Working Capital | 190.62M | 457.85M | 266.43M | 398.94M | 222.08M | 129.20M |
| Book Value Per Share | 3.98 | 6.84 | 4.80 | 6.03 | 4.04 | 2.62 |
| Tangible Book Value | 357.89M | 625.90M | 434.19M | 549.70M | 362.68M | 229.63M |
| Tangible Book Value Per Share | 3.82 | 6.69 | 4.64 | 5.87 | 3.88 | 2.46 |
| Land | 9.84M | 9.84M | 9.84M | 9.84M | 9.84M | 9.84M |
| Buildings | 103.55M | 103.47M | 81.76M | 71.75M | 70.61M | 65.70M |
| Machinery | 316.70M | 313.68M | 290.47M | 281.58M | 289.57M | 277.16M |
| Construction In Progress | 20.20M | 20.30M | 37.70M | 32.50M |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 174.89M | 183.65M | 186.82M | 176.73M | 142.16M | 158.51M |
| Depreciation & Amortization | 23.59M | 22.68M | 20.80M | 20.16M | 33.28M | 31.80M |
| Loss (Gain) From Sale of Assets | -7.00K | |||||
| Stock-Based Compensation | 391.00K | 439.00K | 606.00K | 881.00K | 677.00K | 695.00K |
| Other Operating Activities | 21.57M | 20.43M | 14.98M | 14.96M | -680.00K | 5.33M |
| Change in Accounts Receivable | 737.00K | -144.00K | -1.32M | 2.08M | -11.33M | -7.15M |
| Change in Inventory | -6.53M | -10.41M | -506.00K | 8.97M | 9.74M | -31.84M |
| Change in Accounts Payable | 1.89M | 3.75M | 4.17M | -6.82M | -10.19M | 6.54M |
| Change in Other Net Operating Assets | -29.52M | -39.13M | -18.86M | -19.06M | -2.00M | -30.75M |
| Operating Cash Flow | 187.01M | 181.25M | 206.70M | 197.91M | 161.66M | 133.13M |
| Capital Expenditures | -25.12M | -25.14M | -36.28M | -30.30M | -21.98M | -29.02M |
| Sale of Property, Plant & Equipment | 16.00K | 18.00K | 6.00K | 52.00K | 27.00K | 11.00K |
| Investing Cash Flow | -25.10M | -25.12M | -36.27M | -30.25M | -21.95M | -29.00M |
| Long-Term Debt Issued | 50.00M | |||||
| Long-Term Debt Repaid | -30.00M | -20.00M | ||||
| Net Debt Issued (Repaid) | -30.00M | 30.00M | ||||
| Issuance of Common Stock | 276.00K | 251.00K | 515.00K | 1.31M | 311.00K | 335.00K |
| Repurchase of Common Stock | -673.00K | -673.00K | ||||
| Financing Cash Flow | -304.65M | -422.00K | -303.63M | 1.31M | -29.69M | -249.67M |
| Net Cash Flow | -142.73M | 155.71M | -133.21M | 168.97M | 110.02M | -145.54M |
| Free Cash Flow | 161.90M | 156.11M | 170.41M | 167.61M | 139.69M | 104.12M |
| Free Cash Flow Margin | 13.71% | 13.22% | 14.19% | 14.06% | 11.91% | 9.15% |
| Free Cash Flow Per Share | 1.73 | 1.67 | 1.82 | 1.79 | 1.49 | 1.11 |
| Levered Free Cash Flow | 131.42M | 106.16M | 130.14M | 118.09M | 144.60M | 80.66M |
| Unlevered Free Cash Flow | 131.42M | 106.16M | 130.14M | 118.09M | 144.60M | 80.66M |
| Cash Interest Paid | 278.00K | 278.00K | 116.00K | 228.00K | 315.00K | 371.00K |
| Cash Income Tax Paid | 58.57M | 58.43M | 55.99M | 55.97M | 37.83M | 51.96M |
| Change in Working Capital | -33.43M | -45.94M | -16.52M | -14.82M | -13.78M | -63.20M |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.40B | 3.19B | 4.03B | 4.07B | 4.64B | 4.11B |
| Enterprise Value | 3.35B | 2.94B | 3.94B | 3.85B | 4.56B | 4.16B |
| Last Close Price | 35.30 | 30.83 | 38.95 | 36.75 | 41.93 | 37.18 |
| PE Ratio | 19.51 | 17.39 | 21.59 | 23.06 | 32.64 | 25.95 |
| Forward PE | 19.49 | 17.00 | 21.07 | 22.00 | 28.16 | 24.29 |
| PS Ratio | 2.80 | 2.71 | 3.36 | 3.42 | 3.96 | 3.62 |
| PB Ratio | 8.87 | 5.02 | 9.09 | 7.28 | 12.46 | 17.18 |
| P/TBV Ratio | 9.23 | 5.10 | 9.29 | 7.41 | 12.79 | 17.92 |
| P/FCF Ratio | 20.41 | 20.46 | 23.67 | 24.31 | 33.22 | 39.52 |
| P/OCF Ratio | 17.67 | 17.62 | 19.52 | 20.59 | 28.70 | 30.90 |
| PEG Ratio | 2.17 | 2.17 | 2.17 | 2.17 | 2.17 | |
| EV/Sales Ratio | 2.76 | 2.49 | 3.28 | 3.23 | 3.88 | 3.65 |
| EV/EBITDA Ratio | 13.49 | 11.62 | 15.36 | 16.14 | 22.05 | 18.36 |
| EV/EBIT Ratio | 14.95 | 12.77 | 16.71 | 17.62 | 24.41 | 20.00 |
| EV/FCF Ratio | 20.11 | 18.82 | 23.09 | 22.98 | 32.62 | 39.93 |
| Debt / Equity Ratio | 0.16 | 0.09 | 0.16 | 0.10 | 0.11 | 0.26 |
| Debt / EBITDA Ratio | 0.23 | 0.22 | 0.26 | 0.22 | 0.19 | 0.25 |
| Debt / FCF Ratio | 0.36 | 0.38 | 0.42 | 0.33 | 0.30 | 0.59 |
| Net Debt / Equity Ratio | -0.13 | -0.46 | -0.27 | -0.49 | -0.31 | 0.06 |
| Net Debt / EBITDA Ratio | -0.20 | -1.15 | -0.47 | -1.14 | -0.56 | 0.06 |
| Net Debt / FCF Ratio | -0.30 | -1.86 | -0.71 | -1.62 | -0.83 | 0.13 |
| Asset Turnover | 1.79 | 1.55 | 1.67 | 1.77 | 2.25 | 2.22 |
| Inventory Turnover | 7.75 | 8.23 | 8.93 | 8.57 | 7.88 | 8.24 |
| Quick Ratio | 1.55 | 3.36 | 2.12 | 3.12 | 1.82 | 0.97 |
| Current Ratio | 2.39 | 4.39 | 2.90 | 3.89 | 2.54 | 1.89 |
| Return on Equity (ROE) | 40.12% | 34.02% | 37.23% | 37.92% | 46.47% | 53.24% |
| Return on Assets (ROA) | 20.63% | 18.87% | 20.40% | 20.32% | 22.39% | 25.35% |
| Return on Invested Capital (ROIC) | 50.02% | 52.64% | 59.02% | 61.86% | 55.98% | 69.20% |
| Return on Capital Employed (ROCE) | 48.90% | 32.10% | 44.20% | 34.60% | 43.40% | 64.50% |
| Earnings Yield | 5.13% | 5.75% | 4.63% | 4.34% | 3.06% | 3.85% |
| FCF Yield | 4.90% | 4.89% | 4.22% | 4.11% | 3.01% | 2.53% |
| Buyback Yield / Dilution | 0.03% | 0.01% | -0.06% | -0.02% | -0.01% | 0.02% |