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FIZZNational Beverage Corp.
$31.12$2.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
FIZZ logo

National Beverage Corp.

FIZZ
NASDAQ · Non-Alcoholic Beverages
$31.12
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$2.91B
P/E15.9x
52W High$38.27
Volume411.25K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q1

Stagnant Growth and Volatile Margins Amid Private Label Pressure

National Beverage's investment thesis is defined by a stark dichotomy: a fortress balance sheet with low leverage (0.16 D/E) and robust cash conversion (1.12 average OCF/NI) is juxtaposed against a core business exhibiting near-zero revenue growth and margin v...

GrowthDecelerating
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

FIZZ price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

4/12 Beats

EPS beat 4 of last 12 quarters

02

Valuation risk

-27% Peers

P/E is 27% below peer median

03

Market leadership

RS 43 · Lag

Laggard (Underperforming 57% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Dec 10

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FIZZ+8.56%
S&P 500 (^GSPC)+13.20%
1-Year Return
FIZZ-8.44%
S&P 500 (^GSPC)+15.98%
3-Year Return
FIZZ-19.58%
S&P 500 (^GSPC)+77.73%
5-Year Return
FIZZ-23.43%
S&P 500 (^GSPC)+77.68%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
15.6x
Forward P/EExpansion
15.3x
EV/EBITDA0th %ile
10.2x
FCF YieldCash Flow
5.4%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
15.6x
23.5x
0th· Low
EV/EBITDA
10.2x
16.3x
0th· Low
Price/FCF
18.4x
24.9x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$21.82-29.9%
Base (Fair)$32.74+3.6%
Bull$45.40+45.9%
$21.82 Bear$32.74 Base$45.40 Bull
Current Market Price: $31.12
Trades at a 4.9% discount to Base DCF ($32.74)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.18B-1.7% YoY
Net income
$184M-1.7% YoY
Free cash flow
$156M-8.4% YoY
Operating margin
19.5%-0.1 pts YoY
ROIC (TTM)51.7%
Avg ROIC 5Y-
ROE (TTM)34%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate4/12 (33%)
Revenue Beat Rate4/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Sep 10, 2026
$0.50-15.5%
vs $0.59
$331M-3.3%
vs $342M
Q3 2026
Jul 1, 2026
$0.43-8.6%
vs $0.47
$297M+0.8%
vs $295M
Q2 2026
Mar 12, 2026
$0.44-0.8%
vs $0.44
$265M-1.9%
vs $270M
Q4 2025
Dec 11, 2025
$0.49-4.9%
vs $0.52
$288M-1.5%
vs $293M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·5d ago
Engineers Gate Manager LP Purchases New Shares in National Beverage Corp. $FIZZ

Engineers Gate Manager LP acquired a new position in National Beverage Corp. (NASDAQ: FIZZ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 43,040 shares of the company's stock, valued at approximately $1,343,000. Other large investors also recently bought

Seeking Alpha·Sep 16, 2026
National Beverage: Hard To Downgrade When Revenues Could Show Growth Again

National Beverage Corp. reported Q1 2027 revenue of $330.7M, marking its first year-on-year growth since Q1 2026. Despite sequential revenue improvement, FIZZ's gross margin fell to 35% and EPS declined from $0.60 to $0.50. A $3.25/share special dividend reduced shareholder equity sharply, highlighting challenges for both income and capital appreciation investors.

The Motley Fool·Sep 11, 2026
Why National Beverage Stock Dropped, Then Popped

National Beverage missed on earnings last night. Shares of the LaCroix sparkling water company are feeling margin pressure as Trump tariffs eat into profits.

Benzinga·Sep 11, 2026
National Beverage Posts Downbeat Q1 Results, Joins Zumiez, Adobe And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining around 250 points on Friday.

Filtered for National Beverage Corp.More Headlines
04

Compare before deciding

Benchmark FIZZ against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for National Beverage Corp. (FIZZ)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FIZZ logoFIZZNational Beverage Corp.Current
$31.12$2.91B15.88-1.73%15.56%34.02%—
CELH logoCELHCelsius Holdings, Inc.
$29.39$7.51B117.5485.54%3.62%4.36%—
MNST logoMNSTMonster Beverage Corporation
$44.27$86.59B45.6410.7%23.08%24.96%—
NRXS logoNRXSNeurAxis, Inc.
$7.40$92.33M-7.7932.89%-148.04%-173.28%—
KO logoKOThe Coca-Cola Company
$88.61$381.24B29.151.87%28.56%40.44%—
PEP logoPEPPepsiCo, Inc.
$131.19$179.21B21.872.25%10.82%49.99%—

Compare FIZZ vs Peers

National Beverage Corp. (FIZZ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CELH

Most directly comparable listed peer for FIZZ.

Scale Benchmark

vs KO

Larger-name benchmark to compare FIZZ against a more recognizable public peer.

Peer Set

Compare Top 5

vs CELH, MNST, NRXS, KO

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

FIZZ SEC Filings & Documents

National Beverage Corp. (FIZZ) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Sep 11, 2026·SEC

Material company update

Jul 2, 2026·SEC

Material company update

Mar 13, 2026·SEC

10-K Annual Reports

5
FY 2026

Jul 1, 2026·SEC

FY 2025

Jul 2, 2025·SEC

FY 2024

Jun 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Sep 10, 2026·SEC

FY 2026

Mar 12, 2026·SEC

FY 2025

Dec 11, 2025·SEC

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FIZZ Frequently Asked Questions

National Beverage Corp. (FIZZ) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is National Beverage Corp.'s revenue?

National Beverage Corp. (FIZZ) reported $1.18B in revenue for fiscal year 2026. This represents a 206% increase from $385.4M in 1997.

How fast is National Beverage Corp. growing?

National Beverage Corp. (FIZZ) saw revenue decline by 1.7% over the past year.

Is FIZZ profitable?

Yes, National Beverage Corp. (FIZZ) is profitable, generating $174.9M in net income for fiscal year 2026 (15.6% net margin).

Dividend & Returns
What is FIZZ's return on equity?

National Beverage Corp. (FIZZ) has a return on equity (ROE) of 34.0%. This is excellent, indicating efficient use of shareholder capital.

What is National Beverage Corp.'s free cash flow?

National Beverage Corp. (FIZZ) generated $161.9M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in FIZZ back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →