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National Beverage (FIZZ) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

National Beverage
NasdaqGS•Consumer Defensive•Beverages - Non-Alcoholic
$32.18+0.81(0.03%)Pre-market
Market Cap
$2.96B
P/E
16.9x
P/S
2.5x
P/B
8.1x

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix brands; non-carbonated water under the Clear Fruit; energy drink and shots under the Rip It brand; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr. Pure brands; and carbonated soft drinks under Shasta and Faygo brands. It serves retailers, as well as various smaller up-and-down-the-street accounts through the take-home, convenience, and food-service distribution channels. The company was incorporated in 1985 and is headquartered in Fort Lauderdale, Florida. National Beverage Corp. is a subsidiary of IBS Partners, Ltd.

B

How this company scores

GoodMetricSide Score: 61/100

Strongest: Profitability (19/25); weakest: Growth (9/25).

Profitability19/25
Growth9/25
Balance Sheet & Red Flags17/25
Cash & Earnings Quality16/25
Strengths
Strong marginsHigh ROELow leverageConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.9x5y range 0.0x – 32.6x
P/E 16.9x · near its 20-quarter median

Currently near its 20-quarter median.

P/S · 2.5x5y range 0.0x – 4.2x
P/S 2.5x · below its 20-quarter median

Currently below its 20-quarter median.

P/B · 8.1x5y range 0.0x – 15.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 5.8% — watch for continued compression, which may signal competitive or cost pressure.

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Watch for further erosion.

Price & Volume
Market Cap $2.96B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$1.18B
2%
Q. Revenue
$330.66M
2Q
TTM EBITDA
$241.41M
2Q
TTM Op. Income
$217.81M
2Q
Q. Op. Income
$58.48M
17%
TTM Net Income
$174.89M
2Q
Q. Net Income
$47.00M
16%
EPS
$0.5
17%
Shares Out.
$93.61M
0%
$1.18B in TTM revenue declined 1.8% YoY, reaching $330.66M last quarter. TTM EBITDA of $241.41M and TTM operating income of $217.81M show growth is flowing through to the bottom line. TTM net income of $174.89M means revenue is converting into profit. Over the past year, TTM revenue is down 2% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
35.0%
8%
EBITDA Margin
19.6%
15%
Op. Margin
17.7%
17%
Net Margin
14.2%
16%
Op. margin of 17.7% is down 3.7% YoY — costs are rising relative to revenue. Net margin at 14.2% and gross margin of 35.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 17% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
16.9x
27%
P/S Ratio
2.5x
30%
P/B Ratio
8.1x
6%
At 16.9x P/E, the stock trades within typical market levels. P/S of 2.5x and P/B of 8.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 27% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$582.27M
21%
Cash
$107.10M
57%
Long-Term Debt
$44.28M
5Q
Book Value
$367.70M
27%
D/E Ratio
0.1
11%
Debt/EBITDA
0.7
2Q
With $582.27M in assets and $44.28M in long-term debt, D/E is 0.1and book value is $367.70M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 11% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$64.85M
10%
TTM Free Cash Flow
$161.90M
6%
FCF Margin
13.7%
4%
FCF / Net Income
0.9
0%
TTM FCF of $161.90M on $64.85M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 6% — an improving trend.

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· near its 20-quarter median

Currently near its 20-quarter median.