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National Beverage Corp.

FIZZ Consumer Defensive Beverages Non Alcoholic

National Beverage Corp.’s revenue for fiscal 2026 (year ended April 2026) was $1.2 billion, down 1.73% from fiscal 2025.

Revenue
+0.04%
EPS
−16.7%
Free cash flow
+10.3%

Quarter to July 2026, against a year earlier

35.30 0.28 +0.80%
Market cap
$3.3B
P/E
18.8×
Fwd P/E
19.4×
Dividend yield
0.00%
F-score
5/9
Altman Z
12.81
Beneish M
−2.53
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.01
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — 1 — — — —
Sell — — — — — — — — — — — —
Insider Ownership 74.58%

Capital & Financial Ratios $m

Size
Market Cap 3,280.00
Revenue ttm 1,180.70
Net income ttm 174.89
Free cash flow ttm 161.91
Net debt Q (107.10)
Valuation
P/E 18.84
Forward P/E 19.40
Price / sales 2.79
Forward P/S Powerpack
Price / FCF 20.37
Price / book 8.98 (above 6: high)
Financial health
Current ratio Q 2.39 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 24.68
Growth
Revenue growth Q +0.04% (above 0%: growing)
Operating income growth Q −17.37% (below 0%: shrinking)
EPS, this year −6.96% (below 0%: weak)
EPS, next year A +7.21%
Revenue, next year A +4.19%
EPS, past 5 yrs +1.05%
EPS, next 5 yrs A +2.16%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.7×, against a ten-year median of 3.5×; over the ten years it ranged from 1.8× in 2019 to 6.4× in 2017.
P/E against its own 10 years 19.35%
10-year low 10-year high
P/S against its own 10 years 21.34%
10-year low 10-year high
P/B against its own 10 years 35.59%
10-year low 10-year high
EV/Sales against its own 10 years 25.41%
10-year low 10-year high
EV/FCF against its own 10 years 21.04%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
0.00%
  1. 0.00 ’18
  2. 0.00 ’20
  3. 0.00 ’21
  4. 0.00 ’24
  5. 3.25 ’26e
paid forecast Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 327 194 350 107
Receivables 103 104 104 106
Inventory 85 85 96 100
Other — — — —
537 407 593 328
2024 2025 2026 Q'26
Payables 78 82 87 82
ST’ Debt — — — —
Other — — — —
138 141 135 137

Compound Annual Growth %

10y 5y 3y
Sales 5.29% 1.94% 0.22%
Cash Flow 8.46% (1.33%) 3.89%
Earnings 11.66% 1.07% 8.91%
Book Value 11.92% 12.30% 19.50%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY23 Estimate 0.34 Actual 0.39

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY23 0.57 0.38 Miss by 0.19
Q2 FY23 0.31 0.39 Beat by 0.08
Q3 FY23 0.28 0.37 Beat by 0.09
Q4 FY23 0.34 0.39 Beat by 0.05

EPS $

Jul Oct Jan Apr Year
’26 0.50 — — — —
’26 0.60 0.49 0.44 0.43 1.96
’25 0.61 0.49 0.42 0.48 1.99
’24 0.53 0.47 0.42 0.47 1.89
’23 0.38 0.39 0.37 0.39 1.52
’22 0.58 0.42 0.33 0.36 1.69
’21 0.55 0.51 0.39 0.42 1.86
Fiscal quarters ending in the months shown.

Revenue $m

Jul Oct Jan Apr Year
’26 331 — — — —
’26 331 288 265 297 1,181
’25 329 291 267 314 1,201
’24 324 300 270 297 1,192
’23 318 300 268 287 1,173
’22 312 283 259 284 1,138
’21 293 272 246 261 1,072
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jul Oct Jan Apr Year
’26 65 — — — —
’26 59 26 51 46 181
’25 57 43 47 60 207
’24 70 32 35 60 198
’23 41 42 30 49 162
’22 57 29 7 41 133
’21 52 59 34 49 194
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jul Oct Jan Apr Year
’26 62 — — — —
’26 56 20 45 36 156
’25 54 36 36 45 170
’24 65 25 29 50 168
’23 38 36 26 40 140
’22 52 27 (3) 28 104
’21 48 53 28 40 168
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to April

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 827 976 1,014 1,000 1,072 1,138 1,173 1,192 1,201 1,181 1,181 +4.0% 1,230 1,248 1,266 +2.4%
Gross margin, % 39.43 40.09 37.90 37.00 39.32 36.71 33.83 35.95 36.95 37.04 36.21 (2.4) pt
EBT 163 205 184 169 228 208 186 230 245 241 229 +4.4%
EBT margin, % 19.69 21.06 18.13 16.94 21.28 18.24 15.90 19.29 20.36 20.38 19.41 +0.7 pt
Net income 107 150 141 130 174 159 142 177 187 184 175 +6.2%
Per share, $
Per share, $ Revenue 8.88 10.47 10.87 10.73 11.49 12.19 12.57 12.76 12.83 12.61 12.61 +4.0%
Earnings 1.15 1.61 1.51 1.40 1.87 1.70 1.52 1.89 2.00 1.96 1.87 +6.1%
Cash flow 1.23 1.66 1.50 1.91 2.08 1.43 1.73 2.12 2.21 1.94 2.00 +5.2%
Capex (0.15) (0.34) (0.41) (0.26) (0.27) (0.31) (0.24) (0.32) (0.39) (0.27) (0.27) +6.7%
Free cash flow 1.08 1.32 1.08 1.65 1.81 1.12 1.50 1.79 1.82 1.67 1.73 +5.0%
Book value 2.64 3.56 3.56 4.85 3.82 2.57 3.99 5.99 4.74 6.79 3.93 +11.1%
Shares, m 93 93 93 93 93 93 93 93 94 94 94 +0.1%
Valuation, ×
Valuation, × P/E 39.00 27.53 18.54 18.01 26.05 25.79 33.46 23.55 22.20 17.37 18.84 25.1
P/S 5.05 4.22 2.58 2.34 4.23 3.60 4.07 3.49 3.46 2.71 2.79 3.6
P/B 17.02 12.43 7.88 5.18 12.74 17.10 12.83 7.43 9.36 5.04 8.98 10.7
EV/Sales 4.89 4.03 2.43 2.07 4.07 3.58 3.96 3.24 3.32 2.44 2.73 3.4
EV/FCF 40.34 32.02 24.33 13.46 25.93 39.12 33.29 23.03 23.43 18.47 19.90 27.3
Cash, $m
Cash, $m Operating cash flow 114 155 139 178 194 133 162 198 207 181 187 +5.3%
Capex (14) (32) (38) (24) (25) (29) (22) (30) (36) (25) (25) +6.7%
Free cash flow 100 123 101 154 168 104 140 168 170 156 162 +5.0%
Balance, $m
Balance, $m Working capital 181 248 224 319 218 129 222 399 266 458 191 +10.9%
Net debt (136) (190) (156) (272) (165) (18) (158) (327) (194) (350) (107) +11.0%
Shareholders’ equity 246 331 332 452 356 239 372 560 444 636 368 +11.1%
Returns, %
Returns, % ROA 32.46 36.85 30.92 23.61 28.88 30.93 27.28 26.29 25.89 24.09 26.50 (8.4) pt
ROIC 92.95 90.14 64.11 57.56 74.45 58.68 54.42 58.75 58.83 50.26 52.24 (42.7) pt
ROE 47.42 51.94 42.51 33.17 43.10 53.27 46.49 37.94 37.24 34.03 40.13 (13.4) pt
People
People Employees 1,300 1,500 1,640 1,550 1,550 1,580 1,593 1,559 1,681 1,677 — +2.9%
Revenue/emp, $m 0.64 0.65 0.62 0.65 0.69 0.72 0.74 0.76 0.71 0.70 — +1.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Apr 2026 · latest quarter Jul 2026

National Beverage Corp. vs peers in Beverages Non Alcoholic (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KDP Keurig Dr Pepper, Inc $48.0B 36.2× 23.5× +75.57% (above 0%: growing) −90.00% (below 0%: shrinking) +120.43% (above 0%: growing) 41.95% 8.59% Compare
COKE Coca-Cola Consolidated, Inc. $13.9B 27.8× — (loss-making) +10.61% (above 0%: growing) +11.16% (above 0%: growing) −15.07% (below 0%: shrinking) 37.93% 13.22% Compare
CELH Celsius Holdings Inc. $7.1B 122× 24.4× +10.64% (above 0%: growing) −57.58% (below 0%: shrinking) +479.43% (above 0%: growing) 48.13% 9.20% Compare
KOF Coca Cola Femsa S.A.B. de C.V. $6.1B 17.3× 17.2× +17.31% (above 0%: growing) +30.77% (above 0%: growing) −24.76% (below 0%: shrinking) 47.09% 13.96% Compare
FIZZ National Beverage Corp. $3.3B 18.8× 19.4× +0.04% (above 0%: growing) −16.67% (below 0%: shrinking) +10.33% (above 0%: growing) 35.02% 17.69%
COCO Vita Coco Company, Inc. $3.2B 30.4× 28.5× +28.08% (above 0%: growing) +115.00% (above 0%: growing) +287.22% (above 0%: growing) 48.72% 29.21% Compare
AKO.B Embotelladora Andina S.A. $2.2B 13.7× — +11.10% (above 0%: growing) +4.00% (above 0%: growing) +930.72% (above 0%: growing) 38.92% 10.52% Compare
AKO.A Embotelladora Andina S.A. $1.9B 11.8× — +11.10% (above 0%: growing) +4.00% (above 0%: growing) +930.72% (above 0%: growing) 38.92% 10.52% Compare
SUJA Suja Life Inc. $415.2M — — — — — 46.71% (24.50%) Compare
Median of peers $4.6B 27.8× 24.0× +11.10% +4.00% +287.22% 44.33% 10.52%

All 19 Beverages Non Alcoholic stocks →

Pay and ownership Proxy statement filed 28 August 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 11.81m 0.00 80.00
2025 12.01m 0.00 101.10
2024 11.92m 0.00 95.20
2023 11.73m 0.00 108.60
2022 11.15m 0.00 96.40
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

National Beverage Corp. (FIZZ) Latest News

20 Oct

Impact 3 · · Simply Wall St.

14 Sep

Impact 3 ·

10 Sep

Impact 3 ·

1 Jul

Impact 3 ·

15 Jun

Impact 3 ·

10 Jun

Impact 3 · · IPO-Edge.com

12 Mar

Impact 3 · · Associated Press Finance
Impact 3 · · Business Wire

6 Feb

Impact 3 · · Simply Wall St.

17 Jan

Impact 3 · · Simply Wall St.

15 Dec

Impact 4 · · Simply Wall St.Associated Press FinanceSimply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.
Impact 3 · · Simply Wall St.

11 Dec

Impact 4 · · Business Wire
Impact 3 · · Associated Press Finance

30 Oct

Impact 4 · · Business WireSimply Wall St.

4 Oct

Impact 3 · · Simply Wall St.Insider MonkeyMotley FoolInsider MonkeyInsider Monkey

28 Sep

Impact 3 · · Insider MonkeyAssociated Press FinanceInsider MonkeyStockStoryStockStoryInsider MonkeyStockStory

11 Sep

Impact 3 · · Associated Press FinanceInsider MonkeyInvestopediaBloomberg
Impact 3 · · Business Wire

7 Sep

Impact 4 · · Simply Wall St.

11 Aug

Impact 4 · · Simply Wall St.

28 Jul

Impact 3 · · Insider Monkey

23 Jul

Impact 3 · · Simply Wall St.

11 Jul

Impact 3 · · Business Wire

2 Jul

Impact 4 · · Business Wire
Impact 3 ·

30 Jun

Impact 3 ·

9 Apr

Impact 3 ·

8 Mar

Impact 4 ·

6 Mar

Impact 4 · · Business Wire
stockrow.com/FIZZ · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com