Consumer Defensive · Beverages - Non-Alcoholic
Price
$32.73
Market Cap
$3.1B
Employees
1,559
Beta
0.73
Avg Volume
273,877
CEO
Nick A. Caporella
Business Description
National Beverage Corp., operating through its various subsidiaries, specializes in the creation, production, promotion, and distribution of a diverse portfolio of beverages. Its primary markets are the United States and Canada, where it offers sparkling waters, fruit juices, energy drinks, and carbonated soft drinks. The company particularly targets consumers who prioritize an active and health-conscious lifestyle, providing them with options like LaCroix, LaCroix Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr. Pure. Additionally, its selection includes carbonated soft drinks sold under the well-known Shasta and Faygo brand names. The firm distributes its products to major retailers and a multitude of smaller, local businesses, utilizing take-home, convenience, and food-service channels. National Beverage Corp. was established in 1985 and is based in Fort Lauderdale, Florida.
Business History
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
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
16.37
Stock Price: $32.73
EPS (Diluted): 2.00
EPS (Diluted): 2.00
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
9.36
Stock Price: $32.73
Total Equity: $444.00M
Shares: 93,685,000
Total Equity: $444.00M
Shares: 93,685,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
15.20
Market Cap: $3.06B
Total Debt: $0.00
Cash: $193.84M
EBITDA: $265.37M
Total Debt: $0.00
Cash: $193.84M
EBITDA: $265.37M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$4.0B
Market Cap: $3.06B
Total Debt: $0.00
Cash: $193.84M
Total Debt: $0.00
Cash: $193.84M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
37.0%
Gross Profit: $443.94M
Revenue: $1.20B
Revenue: $1.20B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
19.6%
Operating Income: $235.46M
Revenue: $1.20B
Revenue: $1.20B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
15.6%
Net Income: $186.82M
Revenue: $1.20B
Revenue: $1.20B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
42.1%
Net Income: $186.82M
Total Equity: $444.00M
Total Equity: $444.00M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
71.9%
Operating Income: $235.46M
Tax Rate: 23.6%
Equity: $444.00M
Total Debt: $0.00
Cash: $193.84M
Tax Rate: 23.6%
Equity: $444.00M
Total Debt: $0.00
Cash: $193.84M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.90
Current Assets: $406.93M
Current Liabilities: $140.50M
Current Liabilities: $140.50M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $444.00M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $444.00M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$12.82
Revenue: $1.20B
Shares: 93,685,000
Shares: 93,685,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$4.74
Total Equity: $444.00M
Shares: 93,685,000
Shares: 93,685,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.82
Operating CF: $206.70M
CapEx: -$36.28M
Shares: 93,685,000
CapEx: -$36.28M
Shares: 93,685,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
7.3%
Last Dividend: N/A
Stock Price: $32.73
Stock Price: $32.73
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $186.82M
Net Income: $186.82M
Dividends paid not available in cash flow statement
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)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:47pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.2B | $1.2B | $1.2B |
| Cost of Revenue | $650.6M | $720.2M | $776.1M | $763.2M | $757.4M |
| Gross Profit | $421.6M | $417.8M | $396.8M | $428.5M | $443.9M |
| Operating Expenses | $193.8M | $209.9M | $210.1M | $209.9M | $208.5M |
| Operating Income | $227.8M | $207.9M | $186.7M | $218.5M | $235.5M |
| Net Income | $174.1M | $158.5M | $142.2M | $176.7M | $186.8M |
| EBITDA | $259.0M | $239.4M | $220.0M | $250.0M | $265.4M |
| EPS | $1.87 | $1.70 | $1.52 | $1.89 | $2.00 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:47pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $193.6M | $48.1M | $158.1M | $327.0M | $193.8M |
| Total Current Assets | $364.9M | $274.5M | $366.4M | $536.9M | $406.9M |
| Total Assets | $557.2M | $467.8M | $574.3M | $770.2M | $672.9M |
| Current Liabilities | $147.2M | $145.3M | $144.3M | $137.9M | $140.5M |
| Long-Term Debt | $0 | $30.0M | $0 | $0 | $0 |
| Total Liabilities | $201.2M | $228.4M | $201.9M | $210.6M | $228.9M |
| Total Equity | $356.0M | $239.4M | $372.5M | $559.5M | $444.0M |
| Retained Earnings | $337.7M | $216.2M | $358.3M | $535.1M | $417.8M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:47pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $193.8M | $133.1M | $161.7M | $197.9M | $206.7M |
| Capital Expenditure | -$25.3M | -$29.0M | -$22.0M | -$30.3M | -$36.3M |
| Free Cash Flow | $168.5M | $104.1M | $139.7M | $167.6M | $170.4M |
| Acquisitions (net) | $0 | $11,000 | $27,000 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $-335,000 | $0 | $0 | $0 |
| Net Change in Cash | -$110.9M | -$145.5M | $110.0M | $169.0M | -$133.2M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 2:17am (7h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$1.2B $1.2B – $1.2B
|
$1.2B $1.2B – $1.2B
|
$1.2B $1.2B – $1.2B
|
$1.2B $1.2B – $1.2B
|
| EBITDA |
$254.9M $254.9M – $254.9M
|
$252.5M $252.5M – $252.5M
|
$260.9M $260.9M – $260.9M
|
$262.6M $262.6M – $262.6M
|
| Net Income |
$186.7M $186.7M – $186.7M
|
$187.6M $187.6M – $187.6M
|
$188.5M $188.5M – $188.5M
|
$198.1M $198.1M – $198.1M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:47pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +6.1% | +3.1% | +1.6% | +0.8% |
| Gross Profit Growth | -0.9% | -5.0% | +8.0% | +3.6% |
| Operating Income Growth | -8.8% | -10.2% | +17.0% | +7.8% |
| Net Income Growth | -9.0% | -10.3% | +24.3% | +5.7% |
| EBITDA Growth | -7.6% | -8.1% | +13.7% | +6.1% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:47pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2024-06-24 | $3.25 | 2024-06-12 | 2024-06-24 | 2024-07-24 |
| 2021-12-10 | $3.00 | 2021-12-02 | 2021-12-13 | 2022-02-11 |
| 2020-12-03 | $6.00 | 2020-11-24 | 2020-12-04 | 2021-01-29 |
| 2018-11-29 | $2.90 | 2018-11-20 | 2018-11-30 | 2019-01-29 |
| 2017-06-01 | $1.50 | 2017-05-08 | 2017-06-05 | 2017-08-04 |
| 2016-11-23 | $1.50 | 2016-11-21 | 2016-11-28 | 2017-01-27 |
| 2012-12-05 | $2.55 | 2012-11-23 | 2012-12-07 | 2012-12-27 |
| 2010-12-14 | $2.30 | 2010-12-06 | 2010-12-16 | 2011-02-14 |
| 2010-01-04 | $1.35 | 2009-12-18 | 2010-01-06 | 2010-01-22 |
| 2007-07-18 | $0.80 | 2007-06-15 | 2007-07-20 | 2007-08-17 |
| 2006-01-03 | $1.00 | 2005-12-23 | 2006-01-05 | 2006-01-27 |
| 2004-03-24 | $1.00 | 2004-03-05 | 2004-03-26 | 2004-04-30 |
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).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30