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FIZZ

National Beverage Corp.

FIZZ

National Beverage Corp. • NASDAQ
$34.06 ▼ -1.16% (-0.40)
Market Cap $3.19 B
52w High $50.51
52w Low $32.21
Dividend Yield 0%
P/E 17.2
Volume 239.11K
Outstanding Shares 93.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $330.515M ▲ $54.687M ▼ $55.76M ▲ 16.871% ▲ $0.6 ▲ $78.418M ▲
Q4-2025 $313.629M ▲ $55.708M ▲ $44.761M ▲ 14.272% ▼ $0.48 ▲ $62.984M ▲
Q3-2025 $267.05M ▼ $48.373M ▼ $39.643M ▼ 14.845% ▼ $0.42 ▼ $55.361M ▼
Q2-2025 $291.202M ▼ $51.484M ▼ $45.637M ▼ 15.672% ▼ $0.49 ▼ $57.867M ▼
Q1-2025 $329.473M $52.917M $56.78M 17.234% $0.61 $74.908M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $249.831M ▲ $737.76M ▲ $233.627M ▲ $504.133M ▲
Q4-2025 $193.835M ▲ $672.86M ▲ $228.861M ▲ $443.999M ▲
Q3-2025 $149.222M ▲ $594.02M ▲ $193.784M ▼ $400.236M ▲
Q2-2025 $112.837M ▲ $557.44M ▲ $197.296M ▼ $360.144M ▲
Q1-2025 $77.04M $522.572M $215.976M $306.596M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $55.76M ▲ $59.089M ▼ $-3.093M ▲ $0 $55.996M ▲ $55.994M ▲
Q4-2025 $44.761M ▲ $60.075M ▲ $-15.462M ▼ $0 ▼ $44.613M ▲ $44.609M ▲
Q3-2025 $39.643M ▼ $46.531M ▲ $-10.204M ▼ $58K ▼ $36.385M ▲ $36.327M ▲
Q2-2025 $45.637M ▼ $42.591M ▼ $-6.906M ▼ $112K ▲ $35.797M ▲ $35.684M ▼
Q1-2025 $56.78M $57.499M $-3.703M $-303.803M $-250.007M $53.795M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, though at a modest pace rather than rapid expansion. Profitability looks solid: gross profits have held up well, and operating and net income have recovered after a soft patch a couple of years ago. Earnings per share now sit above where they were earlier in the period, suggesting disciplined cost control and reasonably efficient operations. Overall, this is a picture of a mature but healthy consumer business: not explosive growth, but consistent sales and solid margins.

Balance Sheet

Balance Sheet The balance sheet appears conservative and relatively strong. The company holds a meaningful cash cushion, even though cash has come down from a recent peak, and it uses only a small amount of debt. Equity levels remain healthy, indicating a solid capital base and room to absorb shocks. The recent dip in total assets and equity may reflect capital returns or balance-sheet optimization rather than stress, but it is still worth watching how this trend develops over time.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has generally trended upward in line with earnings, and free cash flow has been consistently positive across the period. Investment needs for equipment and facilities appear modest relative to the cash the business produces, leaving room for management to fund dividends, buybacks, or other corporate uses if they choose. In simple terms, the core business throws off more cash than it needs to maintain itself, which is a favorable sign of underlying health.

Competitive Edge

Competitive Edge National Beverage competes in a tough space against global giants and many smaller niche brands, yet it has carved out a distinct position. LaCroix, in particular, has strong brand recognition and loyal followers in the sparkling water segment, helped by its health-oriented image and distinctive look. The company’s vertical integration—owning much of its production and flavor creation—supports cost control, quality, and speed in bringing new flavors to market. At the same time, it faces intense competition, pressure on shelf space, and the risk that consumer tastes shift away from its core brands, so sustaining its edge requires continual refresh and strong retail relationships.

Innovation and R&D

Innovation and R&D Innovation here is more about brand, flavor, and agility than heavy scientific research. FIZZ has been successful at quickly launching new and sometimes quirky flavors, refreshing packaging, and leaning into wellness-oriented, low-ingredient formulations that resonate with health-conscious consumers. Its control over flavor concentrates and production supports fast experimentation and product tweaks. The company is also signaling further creativity in sparkling water and may have room to modernize legacy brands and expand abroad. The key question going forward is whether it can keep refreshing its offerings fast enough to stay ahead of rivals and consumer fatigue.

Summary

Taken together, National Beverage looks like a mature, profitable beverage company with a standout flagship brand, strong cash generation, and a cautious balance sheet. Growth has been steady rather than spectacular, but margins and cash flows suggest a well-run operation with good cost discipline. Its main strengths lie in brand equity (especially LaCroix), vertical integration, and an innovation style focused on flavor and marketing. Main risks revolve around intense category competition, reliance on a few core brands, and the need to keep its products culturally relevant as consumer tastes evolve. Overall, it appears financially sound, with its future shaped largely by how well it can sustain and extend its brand-driven moat.

NEWS

October 30, 2025 · 11:23 AM UTC

National Beverage Corp. Announces Commencement of Stock Buyback and Addresses Market Conditions

Read more