Homepage
Full 18-step deep-dive · ~20–30 min · a member feature.
No report run on this ticker yet
Only preliminary foundational data below
Sign in to run a fresh report
Free · results in ~10 min
For AI assistants & researchers — machine-readable summary of this page
What this page is: Delvantic's full research page for National Beverage Corp. (FIZZ) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
/llms.txt ·
any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Consumer Defensive · Beverages - Non-Alcoholic
Fort Lauderdale, FL 33324, United States
nationalbeverage.com
Price
$30.77
Market Cap
$2.9B
Employees
1,681
Beta
0.76
Avg Volume
555,311
CEO
Mr. Nick A. Caporella
National Beverage Corp. is a beverage company that develops, produces, markets, and sells a diverse portfolio of non-alcoholic drinks in the United States and Canada. Its offerings span sparkling waters under the popular LaCroix brand, including varieties like LaCroix Cúrate and LaCroix NiCola; non-carbonated waters through Clear Fruit; energy drinks and shots via the Rip It brand; juices and juice-based products from Everfresh, Everfresh Premier Varietals, and Mr. Pure; and carbonated soft drinks such as Shasta and Faygo. The company operates within the consumer staples sector, focusing on non-alcoholic beverages that cater to health-conscious consumers seeking alternatives to sugary sodas. National Beverage Corp. distributes its products through various channels to reach a broad audience in the competitive beverage market. Headquartered in Fort Lauderdale, Florida, since 1985, it plays a notable role in the sparkling water and energy drink categories, emphasizing innovation in flavor profiles and product variety.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 11 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 1, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+6.7%
Oct '25
-210.7%
Nov '25
-3.9%
Dec '25
+0.0%
Mar '26
-8.5%
Jul '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jul 1, 2026 | $0.47 | $0.43 -8.5% | — | — |
| Mar 12, 2026 | $0.44 | $0.44 +0.0% | — | — |
| Dec 11, 2025 | $0.51 | $0.49 -3.9% | — | — |
| Nov 26, 2025 | $0.56 | $-0.62 -210.7% | — | — |
| Oct 21, 2025 | $2.10 | $2.24 +6.7% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Jul 29, 2026 | 4 | View |
| Jul 2, 2026 | 8-K | View |
| Jul 1, 2026 | 10-K | View |
| Mar 13, 2026 | 8-K | View |
| Mar 12, 2026 | 10-Q | View |
| Dec 12, 2025 | 8-K | View |
| Dec 11, 2025 | 10-Q | View |
| Oct 31, 2025 | 8-K | View |
| Oct 20, 2025 | 3 | View |
| Oct 6, 2025 | 8-K | View |
| Sep 12, 2025 | 8-K | View |
| Sep 11, 2025 | 10-Q | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 11, 2026 10:58am (just now)
Current data · timestamped when a report runs
$30.77
Change · Aug 11
-0.27 (-0.87%)
Day Range
$30.77 – $30.99
52-Week Range
$30.01 – $46.99
50-Day MA
$33.21
200-Day MA
$34.03
Volume
1,209.00
Share Structure
Outstanding
93,612,102.00
Float
23,522,849.00
Free Float
25.1%
Low free float
— 25.1% of shares trade freely, ~74.9% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
15.70
Stock Price: $30.77
EPS (Diluted): 1.96
EPS (Diluted): 1.96
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
4.53
Stock Price: $30.77
Total Equity: $635.71M
Shares: 93,672,000
Total Equity: $635.71M
Shares: 93,672,000
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
10.11
Market Cap: $2.91B
Total Debt: $0.00
Cash: $349.54M
EBITDA: $252.79M
Total Debt: $0.00
Cash: $349.54M
EBITDA: $252.79M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$2.6B
Market Cap: $2.91B
Total Debt: $0.00
Cash: $349.54M
Total Debt: $0.00
Cash: $349.54M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
37.0%
Gross Profit: $437.26M
Revenue: $1.18B
Revenue: $1.18B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
19.5%
Operating Income: $230.11M
Revenue: $1.18B
Revenue: $1.18B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
15.6%
Net Income: $183.65M
Revenue: $1.18B
Revenue: $1.18B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
28.9%
Net Income: $183.65M
Total Equity: $635.71M
Total Equity: $635.71M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
61.4%
Operating Income: $230.11M
Tax Rate: 23.7%
Equity: $635.71M
Total Debt: $0.00
Cash: $349.54M
Tax Rate: 23.7%
Equity: $635.71M
Total Debt: $0.00
Cash: $349.54M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
4.39
Current Assets: $593.06M
Current Liabilities: $135.21M
Current Liabilities: $135.21M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $635.71M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $635.71M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$12.60
Revenue: $1.18B
Shares: 93,672,000
Shares: 93,672,000
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$6.79
Total Equity: $635.71M
Shares: 93,672,000
Shares: 93,672,000
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$1.67
Operating CF: $181.25M
CapEx: -$25.14M
Shares: 93,672,000
CapEx: -$25.14M
Shares: 93,672,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $30.77
Stock Price: $30.77
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
0.0%
Dividends Paid: $0.00
Net Income: $183.65M
Net Income: $183.65M
Income Statement (Annual)
Last updated: Aug 7, 2026 1:05am (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B |
| Cost of Revenue | $720.2M | $776.1M | $763.2M | $757.4M | $743.3M |
| Gross Profit | $417.8M | $396.8M | $428.5M | $443.9M | $437.3M |
| Operating Expenses | $209.9M | $210.1M | $209.9M | $208.5M | $207.2M |
| Operating Income | $207.9M | $186.7M | $218.5M | $235.5M | $230.1M |
| Net Income | $158.5M | $142.2M | $176.7M | $186.8M | $183.6M |
| EBITDA | $226.4M | $206.7M | $238.7M | $256.3M | $252.8M |
| EPS | $1.70 | $1.52 | $1.89 | $2.00 | $1.96 |
| EPS (Diluted) | $1.69 | $1.52 | $1.89 | $1.99 | $1.96 |
Balance Sheet (Annual)
Last updated: Aug 7, 2026 1:05am (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $48.1M | $158.1M | $327.0M | $193.8M | $349.5M |
| Total Current Assets | $274.5M | $366.4M | $536.9M | $406.9M | $593.1M |
| Total Assets | $467.8M | $574.3M | $770.2M | $672.9M | $851.6M |
| Current Liabilities | $145.3M | $144.3M | $137.9M | $140.5M | $135.2M |
| Long-Term Debt | $30.0M | $0 | — | — | — |
| Total Liabilities | $228.4M | $201.9M | $210.6M | $228.9M | $215.9M |
| Total Equity | $239.4M | $372.5M | $559.5M | $444.0M | $635.7M |
| Retained Earnings | $216.2M | $358.3M | $535.1M | $417.8M | $601.4M |
Cash Flow (Annual)
Last updated: Aug 7, 2026 1:05am (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $133.1M | $161.7M | $197.9M | $206.7M | $181.3M |
| Capital Expenditure | -$29.0M | -$22.0M | -$30.3M | -$36.3M | -$25.1M |
| Free Cash Flow | $104.1M | $139.7M | $167.6M | $170.4M | $156.1M |
| Acquisitions (net) | — | — | — | — | — |
| Net Debt Issued / (Repaid) | $30.0M | -$30.0M | $0 | $0 | — |
| Dividends Paid | -$280.0M | $0 | $0 | -$304.1M | $0 |
| Stock Buybacks | $0 | — | $0 | $0 | $-673,000 |
| Net Change in Cash | -$145.5M | $110.0M | $169.0M | -$133.2M | $155.7M |
Growth Trends (YoY %)
Last updated: Aug 7, 2026 1:05am (4d ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | +3.1% | +1.6% | +0.8% | -1.7% |
| Gross Profit Growth | -5.0% | +8.0% | +3.6% | -1.5% |
| Operating Income Growth | -10.2% | +17.0% | +7.8% | -2.3% |
| Net Income Growth | -10.3% | +24.3% | +5.7% | -1.7% |
| EBITDA Growth | -8.7% | +15.5% | +7.4% | -1.4% |
Dividend History (Last 20)
Last updated: Aug 10, 2026 12:14am (1d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-07-13 | $3.25 | — | — | — |
| 2024-06-24 | $3.25 | — | — | — |
| 2021-12-10 | $3.00 | — | — | — |
| 2020-12-03 | $3.00 | — | — | — |
| 2018-11-29 | $1.45 | — | — | — |
| 2017-06-01 | $0.75 | — | — | — |
| 2016-11-23 | $0.75 | — | — | — |
| 2012-12-05 | $0.64 | — | — | — |
| 2010-12-14 | $0.58 | — | — | — |
| 2010-01-04 | $0.34 | — | — | — |
| 2007-07-18 | $0.20 | — | — | — |
| 2006-01-03 | $0.42 | — | — | — |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-20 | Waldman Glenn J. | P-Purchase | 250.00 | $31.78 | $7,945 |
| 2025-04-15 | sheridan stanley michael | S-Sale | 8,000.00 | $43.40 | $347,200 |
| 2024-12-31 | sheridan stanley michael | S-Sale | 6,100.00 | $42.49 | $259,213 |
| 2024-12-30 | HATHORN SAMUEL C | G-Gift | 20,000.00 | $42.50 | $850,000 |
| 2024-12-13 | CONLEE CECIL D | S-Sale | 5,264.00 | $46.76 | $246,145 |
| 2024-12-12 | CONLEE CECIL D | S-Sale | 2,736.00 | $47.01 | $128,619 |
| 2024-07-11 | CONLEE CECIL D | S-Sale | 10,000.00 | $50.11 | $501,130 |
| 2024-07-05 | sheridan stanley michael | S-Sale | 16,000.00 | $51.81 | $829,008 |
| 2024-06-13 | CONLEE CECIL D | M-OptionExercise | 6,000.00 | $0.01 | $60 |
| 2024-06-13 | CONLEE CECIL D | M-OptionExercise | 4,400.00 | — | — |
| 2024-06-13 | CONLEE CECIL D | M-OptionExercise | 1,600.00 | — | — |
| 2024-04-09 | CONLEE CECIL D | S-Sale | 12,000.00 | $47.94 | $575,244 |
| 2023-12-28 | sheridan stanley michael | M-OptionExercise | 16,000.00 | — | — |
| 2023-12-28 | BRACKEN GEORGE R | M-OptionExercise | 30,000.00 | — | — |
| 2023-12-26 | HATHORN SAMUEL C | G-Gift | 2,000.00 | $49.80 | $99,600 |
| 2023-12-22 | CONLEE CECIL D | M-OptionExercise | 24,000.00 | — | — |
| 2023-12-22 | HATHORN SAMUEL C | G-Gift | 6,000.00 | $49.34 | $296,040 |
| 2023-12-13 | CONLEE CECIL D | G-Gift | 5,000.00 | $51.96 | $259,800 |
| 2023-12-12 | CAPORELLA JOSEPH G | M-OptionExercise | 40,000.00 | — | — |
Industry Benchmarks
Compares FIZZ against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for FIZZ — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for FIZZ — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for FIZZ — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for FIZZ — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
No community reviews yet for FIZZ.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.525 · a5aac093 · 2026-08-10 20:52:14