What is National Beverage Corp.'s earnings per share (EPS)?

National Beverage Corp. (FIZZ) reported diluted earnings per share of $1.96 for fiscal year 2026. This represents a -1.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

National Beverage Corp. (FIZZ) Financials

FIZZ

Trailing 12 months to August 1, 2026

Revenue $1.2B -1.7% YoY

Net Income $183.6M -1.7% YoY

EPS (Diluted) $1.86 -6.1% YoY

Free Cash Flow $161.9M -6.2% YoY

Market Cap $2.8B as of Oct 6, 2026

Price / Sales 2.4x on $1.2B revenue, trailing 12 months to August 1, 2026

Price / Earnings 15.3x on $183.6M net income, trailing 12 months to August 1, 2026

Price / Book 7.6x on $367.7M equity, Q1 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Aug 1, 2026 Reported Sep 10, 2026 Currency USD FYE May

Newest figures come from the 10-Q for Q1 FY2027, filed Sep 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FIZZ SEC filings page.

National Beverage Corp. (FIZZ) reported $1.2B in revenue over the twelve months to Aug 1, 2026, down 1.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FIZZ FY2026 2026-10-04

National Beverage converts modest sales growth into durable margins, while cash generation and low borrowing keep the business lightly financed.

From FY2022 to FY2026, operating cash flow rose from $133M to $181M even as revenue expanded only modestly; this indicates improved cash conversion, not just a larger sales base. Free-cash-flow margin moved from 9.2% to 13.2%, confirming that more revenue became cash available after capital spending.

The margin profile became more resilient: gross margin recovered from 36.7% in FY2022 to 37.0% in FY2026 while SG&A remained broadly stable, pointing to mix or cost control rather than scale alone. Operating margin remained near its FY2025 level despite lower revenue, so profitability did not depend on continued top-line growth.

FY2026's 4.4x current ratio and 0.3x debt-to-equity ratio describe a balance sheet funded largely by equity and liquid assets rather than borrowing. Capital spending of $25M versus operating cash flow of $181M shows that reinvestment consumed a relatively small share of internally generated cash.

Financial Health Signals

Financial Health Score 73/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of National Beverage Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

National Beverage Corp. has an operating margin of 19.5%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 88/100, reflecting efficient cost management and pricing power. This is down from 19.6% the prior year.

Growth

National Beverage Corp.'s revenue declined 1.7% year-over-year, from $1.2B to $1.2B. This contraction results in a growth score of 29/100.

Leverage

National Beverage Corp. carries a low D/E ratio of 0.34, meaning only $0.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.39, National Beverage Corp. holds $4.39 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 89/100.

Cash Flow

National Beverage Corp. converts 13.2% of revenue into free cash flow ($156.1M). This strong cash generation earns a score of 75/100.

Returns

National Beverage Corp. earns a strong 28.9% return on equity (ROE), meaning it generates $29 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 90/100. This is down from 42.1% the prior year.

Altman Z-Score Safe

11.72

National Beverage Corp. scores 11.72, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.8B) relative to total liabilities ($215.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

National Beverage Corp. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.99x

For every $1 of reported earnings, National Beverage Corp. generates $0.99 in operating cash flow ($181.3M OCF vs $183.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$330.7M

YoY0.0%

QoQ+11.3%

5Y CAGR+1.2%

10Y CAGR+4.3%

National Beverage Corp. generated $330.7M in revenue in Q1 2027. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 11.3%.

EBITDA

$64.8M

YoY-14.9%

QoQ-4.3%

5Y CAGR-2.9%

National Beverage Corp.'s EBITDA was $64.8M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.9% from the same quarter a year earlier. Against the prior quarter it is down 4.3%.

Net Income

$47.0M

YoY-15.7%

QoQ-4.2%

5Y CAGR-2.7%

10Y CAGR+4.9%

National Beverage Corp. reported $47.0M in net income in Q1 2027. This represents a decrease of 15.7% from the same quarter a year earlier. Against the prior quarter it is down 4.2%.

EPS (Diluted)

$0.50

YoY-16.7%

QoQ+16.3%

5Y CAGR-2.9%

10Y CAGR-2.1%

National Beverage Corp. earned $0.50 per diluted share (EPS) in Q1 2027. This represents a decrease of 16.7% from the same quarter a year earlier. Against the prior quarter it is up 16.3%.

Cash & Balance Sheet

Free Cash Flow

$61.8M

YoY+10.3%

QoQ+73.6%

5Y CAGR+3.6%

10Y CAGR+8.7%

National Beverage Corp. generated $61.8M in free cash flow in Q1 2027, representing cash available after capex. This represents an increase of 10.3% from the same quarter a year earlier. Against the prior quarter it is up 73.6%.

Cash & Debt

$107.1M

YoY-57.1%

QoQ-69.4%

5Y CAGR-15.3%

10Y CAGR-2.1%

National Beverage Corp. held $107.1M in cash as of Q1 2027; long-term debt is not reported for that period.

Shares Outstanding

94M

YoY0.0%

QoQ0.0%

5Y CAGR+0.1%

10Y CAGR+7.2%

National Beverage Corp. had 94M shares outstanding in Q1 2027. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q1 2027.

Margins & Returns

Gross Margin

35.0%

YoY-2.9pp

QoQ-2.9pp

5Y change-5.0pp

10Y change-4.4pp

National Beverage Corp.'s gross margin was 35.0% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is down 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.9 percentage points.

Operating Margin

17.7%

YoY-3.7pp

QoQ-3.3pp

5Y change-4.9pp

National Beverage Corp.'s operating margin was 17.7% in Q1 2027, reflecting core business profitability. This is down 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.3 percentage points.

Net Margin

14.2%

YoY-2.6pp

QoQ-2.3pp

5Y change-3.0pp

10Y change+0.9pp

National Beverage Corp.'s net profit margin was 14.2% in Q1 2027, showing the share of revenue converted to profit. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.3 percentage points.

Return on Equity

12.8%

YoY+1.7pp

QoQ+5.1pp

5Y change-0.4pp

10Y change+0.5pp

National Beverage Corp.'s ROE was 12.8% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.1 percentage points.

Capital Allocation

Capital Expenditures

$3.1M

YoY-0.8%

QoQ-69.1%

5Y CAGR-8.4%

10Y CAGR-1.3%

National Beverage Corp. invested $3.1M in capex in Q1 2027, funding long-term assets and infrastructure. This represents a decrease of 0.8% from the same quarter a year earlier. Against the prior quarter it is down 69.1%.

R&D Spending

Not reported for Q1 2027.

Share Buybacks

Not reported for Q1 2027.

FIZZ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FIZZ quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$1.2B	$1.2B-1.7%	$1.2B+0.8%	$1.2B+1.6%	$1.2B+3.1%	$1.1B+6.1%	$1.1B+7.2%	$1.0B-1.4%	$1.0B+3.9%	$975.7M+18.0%	$826.9M+17.3%	$704.8M+9.1%	$645.8M+0.7%	$641.1M-3.2%	$662.0M+5.3%	$628.9M
Cost of Revenue	$743.3M	$743.3M-1.9%	$757.4M-0.8%	$763.2M-1.7%	$776.1M+7.8%	$720.2M+10.7%	$650.6M+3.2%	$630.3M+0.1%	$629.8M+7.7%	$584.6M+16.7%	$500.8M+8.1%	$463.3M+8.6%	$426.7M+0.8%	$423.5M-4.8%	$444.8M+7.0%	$415.6M
Gross Profit	$437.3M	$437.3M-1.5%	$443.9M+3.6%	$428.5M+8.0%	$396.8M-5.0%	$417.8M-0.9%	$421.6M+13.9%	$370.1M-3.7%	$384.4M-1.7%	$391.1M+20.0%	$326.1M+35.1%	$241.4M+10.2%	$219.1M+0.7%	$217.7M+0.2%	$217.3M+1.9%	$213.3M
SG&A Expenses	$207.2M	$207.2M-0.6%	$208.5M-0.7%	$209.9M-0.1%	$210.1M+0.1%	$209.9M+8.3%	$193.8M-5.2%	$204.4M0.0%	$204.4M+9.3%	$186.9M+14.3%	$163.6M+10.3%	$148.4M+2.2%	$145.2M-5.3%	$153.2M+4.8%	$146.2M0.0%	$146.2M
Operating Income	$230.1M	$230.1M-2.3%	$235.5M+7.8%	$218.5M+17.0%	$186.7M-10.2%	$207.9M-8.8%	$227.8M+37.5%	$165.7M-7.9%	$179.9M-11.9%	$204.2M	N/A	N/A	N/A	N/A	N/A	N/A
EBITDA	N/A	$252.8M-1.4%	$256.3M+7.4%	$238.7M+15.5%	$206.7M-8.7%	$226.4M-7.9%	$245.9M+34.4%	$183.0M-6.3%	$195.4M-10.1%	$217.4M	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$202K+0.5%	$201K+6.3%	$189K-6.9%	$203K-45.3%	$371K-43.8%	$660K+63.8%	$403K+276.6%	$107K
Income Tax	$56.9M	$56.9M-1.4%	$57.7M+8.7%	$53.1M+20.0%	$44.3M-9.8%	$49.1M-9.1%	$54.0M+36.7%	$39.5M-8.2%	$43.0M-22.8%	$55.7M-0.1%	$55.8M+77.0%	$31.5M+24.0%	$25.4M+30.4%	$19.5M-17.2%	$23.5M+2.7%	$22.9M
Net Income	$183.6M	$183.6M-1.7%	$186.8M+5.7%	$176.7M+24.3%	$142.2M-10.3%	$158.5M-9.0%	$174.1M+34.0%	$130.0M-7.7%	$140.9M-6.0%	$149.8M+39.9%	$107.0M+74.9%	$61.2M+24.1%	$49.3M+13.0%	$43.6M-7.0%	$46.9M+6.7%	$44.0M
EPS (Basic)	N/A	$1.96-2.0%	$2.00+5.8%	$1.89+24.3%	$1.52-10.6%	$1.70-9.1%	$1.87+34.5%	$1.39-7.9%	$1.51-53.0%	$3.21+39.6%	$2.30+75.6%	$1.31+23.6%	$1.06+14.0%	$0.93-7.9%	$1.01+6.3%	$0.95
EPS (Diluted)	$1.86	$1.96-1.5%	$1.99+5.3%	$1.89+24.3%	$1.52-10.1%	$1.69-9.1%	$1.86	$1.39-7.3%	$1.50	$3.19+39.3%	$2.29+74.8%	$1.31+24.8%	$1.05+14.1%	$0.92-8.9%	$1.01+6.3%	$0.95
Diluted Shares (Avg)	N/A	94M0.0%	94M+0.1%	94M0.0%	94M0.0%	94M0.0%	94M	93,656-0.2%	93,834	46,921-99.9%	47M+0.2%	47M+0.2%	47M+0.1%	47M+0.1%	46M+0.1%	46M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Revenue	$330.7M0.0%	$297.0M-5.0%	$264.6M-0.9%	$288.3M-1.0%	$330.5M+0.3%	$312.6M+5.1%	$267.1M-1.1%	$291.2M-3.0%
Cost of Revenue	$214.9M+4.8%	$184.3M-9.0%	$165.0M-1.9%	$179.1M-1.5%	$205.1M-1.0%	$202.4M+7.5%	$168.1M-2.9%	$181.9M-5.4%
Gross Profit	$115.8M-7.7%	$112.7M+2.3%	$99.6M+0.7%	$109.2M-0.2%	$125.5M+2.5%	$110.2M+1.0%	$99.0M+2.0%	$109.4M+1.4%
SG&A Expenses	$57.3M+4.8%	$50.2M-6.8%	$48.5M+0.2%	$51.1M-0.7%	$54.7M+3.3%	$53.9M-3.9%	$48.4M-1.0%	$51.5M-3.9%
Operating Income	$58.5M-17.4%	$62.4M+11.0%	$51.1M+1.1%	$58.0M+0.3%	$70.8M+1.8%	$56.2M+6.3%	$50.6M+5.0%	$57.9M+6.6%
EBITDA	$64.8M-14.9%	$67.7M+9.6%	$56.7M+2.3%	$63.5M+1.1%	$76.2M+1.7%	$61.7M+5.3%	$55.5M+4.7%	$62.9M+6.6%
Income Tax	$14.7M-15.0%	$15.2M+7.0%	$12.7M+3.2%	$14.3M+2.7%	$17.3M+1.0%	$14.2M+2.9%	$12.3M+16.8%	$14.0M+5.5%
Net Income	$47.0M-15.7%	$49.1M+7.2%	$41.2M+3.9%	$46.4M+1.6%	$55.8M-1.8%	$45.8M+4.7%	$39.6M+0.1%	$45.6M+4.2%
EPS (Basic)	$0.50-16.7%	$0.43-10.4%	$0.44+4.8%	$0.50+2.0%	$0.60-1.6%	$0.48+2.1%	$0.420.0%	$0.49+4.3%
EPS (Diluted)	$0.50-16.7%	$0.43-8.5%	$0.44+4.8%	$0.490.0%	$0.60-1.6%	$0.470.0%	$0.420.0%	$0.49+4.3%
Diluted Shares (Avg)	94M0.0%	N/A	94M0.0%	94M0.0%	94M0.0%	N/A	94M+0.1%	94M+0.1%

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

FIZZ Balance Sheet

FIZZ quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$851.6M+26.6%	$672.9M-12.6%	$770.2M+34.1%	$574.3M+22.8%	$467.8M-16.0%	$557.2M-14.1%	$648.6M+43.4%	$452.2M-1.4%	$458.8M+29.6%	$354.0M+15.9%	$305.5M+23.3%	$247.8M+11.2%	$222.8M+6.8%	$208.6M-6.4%	$223.0M
Current Assets	$593.1M+45.7%	$406.9M-24.2%	$536.9M+46.5%	$366.4M+33.5%	$274.5M-24.8%	$364.9M-20.8%	$460.7M+43.3%	$321.5M-8.9%	$353.0M+31.5%	$268.3M+20.0%	$223.7M+33.4%	$167.7M+17.2%	$143.1M+9.3%	$130.9M-10.3%	$146.1M
Cash & Equivalents	$349.5M+80.3%	$193.8M-40.7%	$327.0M+106.9%	$158.1M+229.0%	$48.0M-75.2%	$193.6M-36.4%	$304.5M+95.0%	$156.2M-17.7%	$189.9M+39.2%	$136.4M+29.2%	$105.6M+101.3%	$52.5M+75.3%	$29.9M+63.9%	$18.3M-48.7%	$35.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$95.5M+12.2%	$85.1M+0.6%	$84.6M-9.6%	$93.6M-9.4%	$103.3M+44.5%	$71.5M+12.6%	$63.5M-10.2%	$70.7M+16.1%	$60.9M+14.2%	$53.4M+11.3%	$47.9M+11.6%	$42.9M-2.3%	$43.9M+11.9%	$39.2M-4.0%	$40.9M
Accounts Receivable	$104.3M+0.1%	$104.2M+1.3%	$102.8M-2.0%	$104.9M+12.1%	$93.6M+8.3%	$86.4M+1.8%	$84.9M+0.1%	$84.8M+0.6%	$84.4M+18.3%	$71.3M+16.8%	$61.0M+1.8%	$60.0M+3.0%	$58.2M-9.2%	$64.1M+4.0%	$61.6M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M
Total Liabilities	$215.9M-5.6%	$228.9M+8.6%	$210.6M+4.4%	$201.9M-11.6%	$228.4M+13.5%	$201.2M+2.5%	$196.3M+62.8%	$120.6M-5.3%	$127.4M+17.6%	$108.4M+9.1%	$99.3M-0.6%	$100.0M-14.3%	$116.6M-15.7%	$138.3M+36.5%	$101.4M
Current Liabilities	$135.2M-3.8%	$140.5M+1.9%	$137.9M-4.4%	$144.3M-0.7%	$145.3M-1.3%	$147.2M+3.9%	$141.7M+46.0%	$97.0M-7.3%	$104.7M+20.0%	$87.2M+15.3%	$75.6M+14.1%	$66.3M+2.7%	$64.5M+1.7%	$63.4M-16.8%	$76.2M
Non-Current Liabilities	$80.7M-8.6%	$88.4M+21.5%	$72.7M+26.4%	$57.5M-30.7%	$83.0M+53.7%	$54.0M-1.1%	$54.6M+132.0%	$23.5M+3.6%	$22.7M+7.4%	$21.2M-10.8%	$23.7M-29.6%	$33.7M-35.3%	$52.1M-30.4%	$74.9M+198.2%	$25.1M
Long-Term Debt	N/A	N/A	N/A	$0-100.0%	$30.0M	$0	N/A	N/A	N/A	N/A	N/A	$10.0M-66.7%	$30.0M-40.0%	$50.0M	N/A
Total Equity	$635.7M+43.2%	$444.0M-20.6%	$559.5M+50.2%	$372.5M+55.6%	$239.4M-32.7%	$356.0M-21.3%	$452.3M+36.4%	$331.6M+0.1%	$331.4M+34.9%	$245.6M+19.1%	$206.2M+39.5%	$147.8M+39.2%	$106.2M+51.0%	$70.3M-42.2%	$121.6M
Retained Earnings	$601.4M+44.0%	$417.8M-21.9%	$535.1M+49.3%	$358.3M+65.8%	$216.2M-36.0%	$337.7M-23.8%	$443.4M+241.5%	-$313.4M-201.8%	$307.8M+35.1%	$227.9M+19.5%	$190.7M+47.0%	$129.8M+60.7%	$80.7M+113.4%	$37.8M-65.4%	$109.2M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Total Assets	$582.3M-21.1%	$851.6M+26.6%	$792.5M+33.4%	$749.0M+34.4%	$737.8M+41.2%	$672.9M-12.6%	$594.0M-17.5%	$557.4M-17.2%
Current Assets	$327.5M-31.2%	$593.1M+45.7%	$538.0M+52.6%	$491.4M+51.3%	$476.1M+62.4%	$406.9M-24.2%	$352.6M-27.9%	$324.9M-28.8%
Cash & Equivalents	$107.1M-57.1%	$349.5M+80.3%	$314.0M+110.4%	$269.3M+138.7%	$249.8M+224.3%	$193.8M-40.7%	$149.2M-46.1%	$112.8M-54.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$100.4M+7.0%	$95.5M+12.2%	$96.1M+13.0%	$95.9M+5.3%	$93.9M+3.6%	$85.1M+0.6%	$85.0M-4.1%	$91.0M-1.9%
Accounts Receivable	$105.8M-0.7%	$104.3M+0.1%	$97.4M+7.2%	$93.2M-6.5%	$106.5M-8.2%	$104.2M+1.3%	$90.9M-10.6%	$99.6M-0.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%	$13.1M0.0%
Total Liabilities	$214.6M-8.2%	$215.9M-5.6%	$201.4M+3.9%	$197.7M+0.2%	$233.6M+8.2%	$228.9M+8.6%	$193.8M-7.6%	$197.3M-4.1%
Current Liabilities	$136.9M-6.8%	$135.2M-3.8%	$122.1M+2.1%	$114.7M-10.5%	$146.9M-0.4%	$140.5M+1.9%	$119.6M-10.1%	$128.1M-10.1%
Non-Current Liabilities	$77.6M-10.5%	$80.7M-8.6%	$79.3M+7.0%	$83.0M+20.0%	$86.7M+26.7%	$88.4M+21.5%	$74.2M-3.1%	$69.2M+9.5%
Total Equity	$367.7M-27.1%	$635.7M+43.2%	$591.1M+47.7%	$551.3M+53.1%	$504.1M+64.4%	$444.0M-20.6%	$400.2M-21.6%	$360.1M-22.9%
Retained Earnings	$344.2M-27.3%	$601.4M+44.0%	$561.1M+50.4%	$519.9M+56.0%	$473.5M+64.6%	$417.8M-21.9%	$373.0M-24.1%	$333.3M-26.2%

Not reported in any period shown, so not listed: Long-Term Debt.

FIZZ Cash Flow Statement

FIZZ quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$187.0M	$181.3M-12.3%	$206.7M+4.4%	$197.9M+22.4%	$161.7M+21.4%	$133.1M-31.3%	$193.8M+9.0%	$177.7M+27.4%	$139.4M-9.9%	$154.7M+35.4%	$114.3M+42.0%	$80.5M+38.7%	$58.0M+10.8%	$52.4M+30.1%	$40.3M+6.8%	$37.7M
Depreciation & Amortization	N/A	$22.7M+9.0%	$20.8M+3.2%	$20.2M+0.6%	$20.0M+8.1%	$18.5M+2.5%	$18.1M+5.0%	$17.2M+11.6%	$15.4M+16.7%	$13.2M+3.1%	$12.8M+6.5%	$12.1M+4.1%	$11.6M-1.1%	$11.7M+6.4%	$11.0M+3.3%	$10.7M
Stock-Based Compensation	N/A	$439K-27.6%	$606K-31.2%	$881K+30.1%	$677K-2.6%	$695K+50.4%	$462K+269.6%	$125K-50.2%	$251K+55.9%	$161K-22.6%	$208K-8.8%	$228K-25.7%	$307K+223.2%	$95K-58.7%	$230K-20.7%	$290K
Capital Expenditures	$25.1M	$25.1M-30.7%	$36.3M+19.7%	$30.3M+37.9%	$22.0M-24.2%	$29.0M+14.6%	$25.3M+5.9%	$23.9M-37.7%	$38.3M+19.9%	$32.0M+128.1%	$14.0M+15.4%	$12.1M+4.4%	$11.6M-4.1%	$12.1M+25.1%	$9.7M-2.1%	$9.9M
Free Cash Flow	$161.9M	$156.1M-8.4%	$170.4M+1.7%	$167.6M+20.0%	$139.7M+34.2%	$104.1M-38.2%	$168.5M+9.5%	$153.8M+52.1%	$101.1M-17.6%	$122.7M+22.4%	$100.3M+46.7%	$68.3M+47.3%	$46.4M+15.2%	$40.3M+31.7%	$30.6M+10.0%	$27.8M
Investing Cash Flow	-$25.1M	-$25.1M+30.7%	-$36.3M-19.9%	-$30.2M-37.8%	-$22.0M+24.3%	-$29.0M-14.6%	-$25.3M-6.0%	-$23.9M+37.7%	-$38.3M-20.1%	-$31.9M-128.1%	-$14.0M-16.3%	-$12.0M-23.6%	-$9.7M+19.4%	-$12.1M-25.4%	-$9.6M+2.4%	-$9.9M
Financing Cash Flow	-$304.6M	-$422K+99.9%	-$303.6M-23207.5%	$1.3M+104.4%	-$29.7M+88.1%	-$249.7M+10.6%	-$279.4M-4986.2%	-$5.5M+95.9%	-$134.8M-94.5%	-$69.3M+0.2%	-$69.5M-353.0%	-$15.3M+40.5%	-$25.8M+10.1%	-$28.7M+40.3%	-$48.0M-11809.0%	$410K
Dividends Paid	$304.2M	$0-100.0%	$304.1M	$0	$0-100.0%	$280.0M0.0%	$279.9M	$0-100.0%	$135.2M+93.5%	$69.9M0.0%	$69.8M	N/A	N/A	N/A	$118.1M	N/A
Share Buybacks	N/A	$673K	$0	$0	N/A	$0	$0-100.0%	$6.2M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Operating Cash Flow	$64.8M+9.7%	$45.5M-24.2%	$50.9M+9.4%	$25.7M-39.6%	$59.1M+2.8%	$60.1M-0.6%	$46.5M+31.4%	$42.6M+33.4%
Depreciation & Amortization	$6.3M+17.0%	$6.1M+10.8%	$5.6M+14.3%	$5.5M+10.0%	$5.4M+0.2%	$5.5M+8.1%	$4.9M+2.1%	$5.0M+6.4%
Stock-Based Compensation	$87K-35.6%	N/A	N/A	N/A	$135K-15.6%	N/A	N/A	N/A
Capital Expenditures	$3.1M-0.8%	$9.9M-35.7%	$6.3M-38.3%	$5.8M-15.9%	$3.1M-16.4%	$15.5M+42.7%	$10.2M+52.2%	$6.9M-5.2%
Free Cash Flow	$61.8M+10.3%	$35.6M-20.2%	$44.6M+22.9%	$19.9M-44.2%	$56.0M+4.1%	$44.6M-10.1%	$36.3M+26.6%	$35.7M+44.9%
Investing Cash Flow	-$3.1M+0.7%	-$10.0M+35.6%	-$6.3M+38.6%	-$5.8M+15.9%	-$3.1M+16.5%	-$15.5M-42.8%	-$10.2M-52.6%	-$6.9M+5.2%
Financing Cash Flow	-$304.2M	$0	$0-100.0%	-$422K-476.8%	$0+100.0%	$0-100.0%	$58K-89.7%	$112K-59.7%
Dividends Paid	$304.2M	$0	$0	$0	$0-100.0%	$0	$0	$0
Share Buybacks	N/A	$0	$0	N/A	N/A	$0	$0	N/A

FIZZ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FIZZ quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	37.0%+0.1pp	37.0%+1.0pp	35.9%+2.1pp	33.8%-2.9pp	36.7%-2.6pp	39.3%+2.3pp	37.0%-0.9pp	37.9%-2.2pp	40.1%+0.7pp	39.4%+5.2pp	34.3%+0.3pp	33.9%0.0pp	34.0%+1.1pp	32.8%-1.1pp	33.9%
Operating Margin	19.5%-0.1pp	19.6%+1.3pp	18.3%+2.4pp	15.9%-2.3pp	18.3%-3.0pp	21.3%+4.7pp	16.6%-1.2pp	17.7%-3.2pp	20.9%	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.6%0.0pp	15.6%+0.7pp	14.8%+2.7pp	12.1%-1.8pp	13.9%-2.3pp	16.2%+3.3pp	13.0%-0.9pp	13.9%-1.5pp	15.3%+2.4pp	13.0%+4.3pp	8.7%+1.0pp	7.6%+0.8pp	6.8%-0.3pp	7.1%+0.1pp	7.0%
Return on Equity	28.9%-13.2pp	42.1%+10.5pp	31.6%-6.6pp	38.2%-28.0pp	66.2%+17.3pp	48.9%+20.2pp	28.7%-13.8pp	42.5%-2.7pp	45.2%+1.6pp	43.6%+13.9pp	29.7%-3.7pp	33.4%-7.7pp	41.1%-25.6pp	66.7%+30.6pp	36.2%
Return on Assets	21.6%-6.2pp	27.8%+4.8pp	22.9%-1.8pp	24.8%-9.1pp	33.9%+2.6pp	31.3%+11.2pp	20.0%-11.1pp	31.1%-1.5pp	32.6%+2.4pp	30.2%+10.2pp	20.0%+0.1pp	19.9%+0.3pp	19.6%-2.9pp	22.5%+2.8pp	19.7%
Current Ratio	4.39+1.5x	2.90-1.0x	3.89+1.4x	2.54+0.6x	1.89-0.6x	2.48-0.8x	3.25-0.1x	3.31-0.1x	3.37+0.3x	3.08+0.1x	2.96+0.4x	2.53+0.3x	2.22+0.2x	2.06+0.1x	1.92
Debt-to-Equity	0.34-0.2x	0.52+0.1x	0.38+0.4x	0.00-0.1x	0.13+0.1x	0.00-0.4x	0.43+0.1x	0.360.0x	0.38-0.1x	0.440.0x	0.48+0.4x	0.07-0.2x	0.28-0.4x	0.71-0.1x	0.83
Asset Turnover	1.39-0.4x	1.79+0.2x	1.55-0.5x	2.04-0.4x	2.43+0.5x	1.92+0.4x	1.54-0.7x	2.24+0.1x	2.13-0.2x	2.340.0x	2.31-0.3x	2.61-0.3x	2.88-0.3x	3.17+0.4x	2.82
FCF Margin	13.2%-1.0pp	14.2%+0.1pp	14.1%+2.2pp	11.9%+2.8pp	9.2%-6.6pp	15.7%+0.3pp	15.4%+5.4pp	10.0%-2.6pp	12.6%+0.5pp	12.1%+2.4pp	9.7%+2.5pp	7.2%+0.9pp	6.3%+1.7pp	4.6%+0.2pp	4.4%

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Gross Margin	35.0%-2.9pp	37.9%+2.7pp	37.6%+0.6pp	37.9%+0.3pp	38.0%+0.8pp	35.3%-1.4pp	37.0%+1.1pp	37.5%+1.6pp
Operating Margin	17.7%-3.7pp	21.0%+3.0pp	19.3%+0.4pp	20.1%+0.3pp	21.4%+0.3pp	18.0%+0.2pp	18.9%+1.1pp	19.9%+1.8pp
Net Margin	14.2%-2.6pp	16.5%+1.9pp	15.6%+0.7pp	16.1%+0.4pp	16.9%-0.4pp	14.6%-0.1pp	14.8%+0.2pp	15.7%+1.1pp
Return on Equity	12.8%+1.7pp	7.7%-2.6pp	7.0%-2.9pp	8.4%-4.3pp	11.1%-7.5pp	10.3%+2.5pp	9.9%+2.1pp	12.7%+3.3pp
Return on Assets	8.1%+0.5pp	5.8%-1.0pp	5.2%-1.5pp	6.2%-2.0pp	7.6%-3.3pp	6.8%+1.1pp	6.7%+1.2pp	8.2%+1.7pp
Current Ratio	2.39-0.8x	4.39+1.5x	4.41+1.5x	4.28+1.7x	3.24+1.3x	2.90-1.0x	2.95-0.7x	2.54-0.7x
Debt-to-Equity	0.58+0.1x	0.34-0.2x	0.34-0.1x	0.36-0.2x	0.46-0.2x	0.52+0.1x	0.48+0.1x	0.55+0.1x
Asset Turnover	0.57+0.1x	0.35-0.1x	0.33-0.1x	0.39-0.1x	0.45-0.2x	0.46+0.1x	0.45+0.1x	0.52+0.1x
FCF Margin	18.7%+1.7pp	12.0%-2.3pp	16.9%+3.3pp	6.9%-5.3pp	16.9%+0.6pp	14.3%-2.4pp	13.6%+3.0pp	12.3%+4.0pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
National Beverage Corp. FIZZ	FY2026	$1.2B	$183.6M	15.6%	$2.8B	73/100
Primo Brands Corporation PRMB	FY2025	$6.7B	$60.1M	0.9%	$7.2B	44/100
The Vita Coco Company, Inc. COCO	FY2025	$609.8M	$72.7M	11.9%	$3.2B	72/100
Coca-Cola Consolidated, Inc. COKE	FY2025	$7.2B	$570.6M	7.9%	$12.9B	56/100
Celsius Holdings, Inc. CELH	FY2025	$2.5B	$108.0M	4.3%	$7.0B	58/100
SunOpta, Inc. STKL	FY2026	$817.7M	$15.8M	1.9%	$769.4M	41/100

Where National Beverage Corp. Ranks

Frequently Asked Questions

What is National Beverage Corp.'s annual revenue?

National Beverage Corp. (FIZZ) reported $1.2B in total revenue for fiscal year 2026. This represents a -1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is National Beverage Corp.'s revenue growing?

National Beverage Corp. (FIZZ) revenue declined by 1.7% year-over-year, from $1.2B to $1.2B in fiscal year 2026.

Is National Beverage Corp. profitable?

Yes, National Beverage Corp. (FIZZ) reported a net income of $183.6M in fiscal year 2026, with a net profit margin of 15.6%.

What is National Beverage Corp.'s EBITDA?

National Beverage Corp. (FIZZ) had EBITDA of $252.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is National Beverage Corp.'s gross margin?

National Beverage Corp. (FIZZ) had a gross margin of 37.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is National Beverage Corp.'s operating margin?

National Beverage Corp. (FIZZ) had an operating margin of 19.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is National Beverage Corp.'s net profit margin?

National Beverage Corp. (FIZZ) had a net profit margin of 15.6% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is National Beverage Corp.'s return on equity (ROE)?

National Beverage Corp. (FIZZ) has a return on equity of 28.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is National Beverage Corp.'s free cash flow?

National Beverage Corp. (FIZZ) generated $156.1M in free cash flow during fiscal year 2026. This represents a -8.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is National Beverage Corp.'s operating cash flow?

National Beverage Corp. (FIZZ) generated $181.3M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are National Beverage Corp.'s total assets?

National Beverage Corp. (FIZZ) had $851.6M in total assets as of fiscal year 2026, including both current and long-term assets.

What are National Beverage Corp.'s capital expenditures?

National Beverage Corp. (FIZZ) invested $25.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does National Beverage Corp. buy back shares?

Yes, National Beverage Corp. (FIZZ) spent $673K on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does National Beverage Corp. have outstanding?

National Beverage Corp. (FIZZ) had 94M shares outstanding as of fiscal year 2026.

What is National Beverage Corp.'s current ratio?

National Beverage Corp. (FIZZ) had a current ratio of 4.39 as of fiscal year 2026, which is generally considered healthy.

What is National Beverage Corp.'s debt-to-equity ratio?

National Beverage Corp. (FIZZ) had a debt-to-equity ratio of 0.34 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is National Beverage Corp.'s return on assets (ROA)?

National Beverage Corp. (FIZZ) had a return on assets of 21.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is National Beverage Corp.'s P/E ratio?

National Beverage Corp. (FIZZ) trades at 15.3x earnings, its market capitalization divided by net income of $183.6M net income, trailing 12 months to August 1, 2026. The market capitalization is $2.8B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is National Beverage Corp.'s price-to-sales ratio?

National Beverage Corp. (FIZZ) trades at 2.4x sales, its market capitalization divided by revenue of $1.2B revenue, trailing 12 months to August 1, 2026. The market capitalization is $2.8B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is National Beverage Corp.'s Altman Z-Score?

National Beverage Corp. (FIZZ) has an Altman Z-Score of 11.72, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is National Beverage Corp.'s Piotroski F-Score?

National Beverage Corp. (FIZZ) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are National Beverage Corp.'s earnings high quality?

National Beverage Corp. (FIZZ) has an earnings quality ratio of 0.99x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is National Beverage Corp.?

National Beverage Corp. (FIZZ) scores 73 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.