FIZZNasdaqBottled & Canned Soft Drinks & Carbonated WatersFiscal year ends May 2
NATIONAL BEVERAGE CORP
Financials through Q1 FY2027, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 10, 2026
$34.71−0.25 (-0.72%)
Close on Oct 19, 2026
- Market cap
- $3.25B
- P/E (TTM)
- 18.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
37.0%−2.3 pts over 5 years
Operating margin
19.5%−1.8 pts over 5 years
Net margin
15.6%−0.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.7% | +0.2% | +1.9% | +5.3% | |
| Gross profit | -1.5% | +3.3% | +0.7% | +6.1% | |
| Operating income | -2.3% | +7.2% | +0.2% | – | |
| Net income | -1.7% | +8.9% | +1.1% | +11.6% | |
| EPS, diluted | -1.5% | +8.8% | +1.1% | +11.6% | |
| Free cash flow | -8.4% | +3.8% | -1.5% | +8.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 47.4% | 43.1% | 34.0% | |
| Return on assets | 32.5% | 28.9% | 24.1% | |
| Current ratio | 3.08 | 2.48 | 4.39 | |
| Debt to equity | – | 0.00 | – | |
| Net debt to EBITDA | – | -0.79× | – | |
| Interest coverage | – | – | – | |
| Inventory turnover | 9.9× | 9.6× | 8.2× | |
| Capex to revenue | 1.7% | 2.4% | 2.1% | |
| Diluted shares | 94M | 94M | 94M |
Where the cash went
Fiscal 2022 to 2026, five years combined
National Beverage generated $880.66M from operations and spent $727.54M on capital expenditure, dividends and share buybacks. 20% of that went back into the business.
Generated
$880.66M
Used
$727.54M
Capital expenditure$142.72M20%Dividends$584.15M80%Share buybacks$673.00K0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin15.6%
×Asset turnover1.55×
×Equity multiplier1.41×
=Return on equity, FY202634.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 15.6% | 1.55× | 1.41× | 34.0% |
| FY2025 | 15.6% | 1.67× | 1.44× | 37.2% |
| FY2024 | 14.8% | 1.77× | 1.44× | 37.9% |
| FY2023 | 12.1% | 2.25× | 1.70× | 46.5% |
| FY2022 | 13.9% | 2.22× | 1.72× | 53.2% |
| FY2021 | 16.2% | 1.78× | 1.49× | 43.1% |
| FY2020 | 13.0% | 1.82× | 1.40× | 33.2% |
| FY2019 | 13.9% | 2.23× | 1.37× | 42.5% |
| FY2018 | 15.3% | 2.40× | 1.41× | 51.9% |
| FY2017 | 12.9% | 2.51× | 1.46× | 47.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$183.65M
- Cash generatingOperating cash flow above zero$181.25M
- Return on assets improvedROA up on the prior year24.3% → 27.3%
- Earnings backed by cashOperating cash flow above net income$181.25M vs $183.65M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.90 → 4.39
- No dilutionShare count did not rise94M → 94M
- Gross margin improvedGross margin up on the prior year36.95% → 37.04%
- More efficientAsset turnover rose1.56 → 1.75