National Beverage Corp. (FIZZ) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Beverages - Non-Alcoholic
EV/EBITDA
↓
12.30
↓-29% vs avg
5yr avg: 17.39
30Y Low4.2·High22.9
P/FCF
↓
19.21
↓-36% vs avg
5yr avg: 29.84
30Y Low8.3·High41.5
P/B Ratio
↓
7.38
↓-38% vs avg
5yr avg: 11.86
30Y Low1.7·High17.2
ROE
↓
37.2%
-15% vs avg
5yr avg: 43.6%
30Y Low13%·High53%
Debt/EBITDA
↑
0.28
↑+25% vs avg
5yr avg: 0.22
30Y Low0.0·High2.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FIZZ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
National Beverage Corp. trades at 17.6x earnings, 33% below its 5-year average of 26.2x, sitting at the 47th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 19.6x, the stock trades at a discount of 11%. On a free-cash-flow basis, the stock trades at 19.2x P/FCF, 36% below the 5-year average of 29.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.3B | $4.2B | $4.2B | $4.7B | $4.1B | $4.5B | $2.4B | $2.6B | $4.1B | $4.1B | $2.2B |
| Enterprise Value | $3.2B | $4.0B | $3.9B | $4.5B | $4.1B | $4.4B | $2.1B | $2.5B | $4.0B | $4.0B | $2.1B |
| P/E Ratio → | 17.57 | 22.31 | 23.54 | 32.70 | 26.08 | 26.12 | 18.07 | 18.67 | 27.61 | 38.52 | 35.41 |
| P/S Ratio | 2.72 | 3.46 | 3.50 | 3.97 | 3.63 | 4.24 | 2.35 | 2.59 | 4.25 | 5.01 | 3.10 |
| P/B Ratio | 7.38 | 9.37 | 7.45 | 12.49 | 17.23 | 12.78 | 5.20 | 7.92 | 12.51 | 16.87 | 10.58 |
| P/FCF | 19.21 | 24.41 | 24.86 | 33.31 | 39.63 | 27.00 | 15.30 | 25.99 | 33.78 | 41.54 | 32.65 |
| P/OCF | 15.84 | 20.12 | 21.05 | 28.78 | 30.99 | 23.48 | 13.24 | 18.84 | 26.80 | 36.42 | 27.63 |
P/E links to full P/E history page with 30-year chart
FIZZ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
National Beverage Corp.'s enterprise value stands at 12.3x EBITDA, 29% below its 5-year average of 17.4x. The Consumer Defensive sector median is 11.5x, placing the stock at a 7% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.36 | 3.27 | 3.87 | 3.64 | 4.10 | 2.10 | 2.44 | 4.05 | 4.85 | 2.95 |
| EV / EBITDA | 12.30 | 15.76 | 16.32 | 20.62 | 17.27 | 16.99 | 10.68 | 12.65 | 18.20 | 22.86 | 19.75 |
| EV / EBIT | 13.39 | 17.15 | 17.82 | 24.33 | 19.94 | 19.31 | 12.65 | 13.73 | 19.37 | 24.58 | 22.31 |
| EV / FCF | — | 23.69 | 23.23 | 32.47 | 39.75 | 26.11 | 13.64 | 24.44 | 32.23 | 40.17 | 31.07 |
FIZZ Profitability
Margins and return-on-capital ratios measuring operating efficiency
National Beverage Corp. earns an operating margin of 19.6%, significantly above the Consumer Defensive sector average of 1.5%. Operating margins have expanded from 15.9% to 19.6% over the past 3 years, signaling improving operational efficiency. Return on equity of 37.2% is exceptionally high — well above the sector median of 7.7%. ROIC of 57.9% represents excellent returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.0% | 37.0% | 36.0% | 33.8% | 36.7% | 39.3% | 37.0% | 37.9% | 40.1% | 39.4% | 34.3% |
| Operating Margin | 19.6% | 19.6% | 18.3% | 15.9% | 18.3% | 21.2% | 16.6% | 17.7% | 20.9% | 19.6% | 13.2% |
| Net Profit Margin | 15.6% | 15.6% | 14.8% | 12.1% | 13.9% | 16.2% | 13.0% | 13.9% | 15.3% | 12.9% | 8.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 37.2% | 37.2% | 37.9% | 46.5% | 53.2% | 43.1% | 33.2% | 42.5% | 51.9% | 47.4% | 34.6% |
| ROA | 25.9% | 25.9% | 26.3% | 27.3% | 30.9% | 28.9% | 23.6% | 30.9% | 36.7% | 32.3% | 22.1% |
| ROIC | 57.9% | 57.9% | 60.3% | 55.1% | 68.0% | 84.8% | 66.8% | 85.1% | 122.1% | 116.2% | 67.8% |
| ROCE | 40.4% | 40.4% | 41.1% | 49.6% | 56.8% | 49.7% | 38.5% | 50.7% | 65.4% | 64.9% | 45.2% |
FIZZ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
National Beverage Corp. carries a Debt/EBITDA ratio of 0.3x, which is very conservative (92% below the sector average of 3.4x). The company holds a net cash position — cash of $194M exceeds total debt of $72M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.16 | 0.16 | 0.10 | 0.11 | 0.26 | 0.12 | 0.11 | — | — | — | — |
| Debt / EBITDA | 0.28 | 0.28 | 0.23 | 0.19 | 0.26 | 0.17 | 0.25 | — | — | — | — |
| Net Debt / Equity | — | -0.27 | -0.49 | -0.31 | 0.06 | -0.42 | -0.56 | -0.47 | -0.57 | -0.56 | -0.51 |
| Net Debt / EBITDA | -0.47 | -0.47 | -1.14 | -0.53 | 0.06 | -0.58 | -1.30 | -0.80 | -0.87 | -0.78 | -1.00 |
| Debt / FCF | — | -0.71 | -1.62 | -0.83 | 0.13 | -0.89 | -1.66 | -1.54 | -1.55 | -1.37 | -1.58 |
| Interest Coverage | — | — | — | — | — | — | — | 890.77 | 1015.86 | 859.67 | 458.39 |
Net cash position: cash ($194M) exceeds total debt ($72M)
FIZZ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
National Beverage Corp.'s current ratio of 2.90x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.29x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.54x to 2.90x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.90 | 2.90 | 3.89 | 2.54 | 1.89 | 2.48 | 3.25 | 3.31 | 3.37 | 3.12 | 2.96 |
| Quick Ratio | 2.29 | 2.29 | 3.28 | 1.89 | 1.18 | 1.99 | 2.80 | 2.58 | 2.79 | 2.51 | 2.32 |
| Cash Ratio | 1.38 | 1.38 | 2.37 | 1.10 | 0.33 | 1.32 | 2.15 | 1.61 | 1.81 | 1.56 | 1.40 |
| Asset Turnover | — | 1.79 | 1.55 | 2.04 | 2.43 | 1.92 | 1.54 | 2.24 | 2.13 | 2.31 | 2.31 |
| Inventory Turnover | 8.90 | 8.90 | 9.02 | 8.29 | 6.97 | 9.10 | 9.93 | 8.91 | 9.60 | 9.39 | 9.67 |
| Days Sales Outstanding | — | 31.65 | 31.50 | 32.65 | 30.02 | 29.43 | 30.98 | 30.54 | 31.56 | 31.48 | 31.61 |
FIZZ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
National Beverage Corp. returns 9.3% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 162.8%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 5.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 9.3% | 7.3% | — | — | 6.8% | 6.2% | — | 5.1% | 1.7% | 1.7% | 0.0% |
| Payout Ratio | 162.8% | 162.8% | — | — | 176.6% | 160.7% | — | 96.0% | 46.7% | 65.3% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 4.5% | 4.2% | 3.1% | 3.8% | 3.8% | 5.5% | 5.4% | 3.6% | 2.6% | 2.8% |
| FCF Yield | 5.2% | 4.1% | 4.0% | 3.0% | 2.5% | 3.7% | 6.5% | 3.8% | 3.0% | 2.4% | 3.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.0% | 0.3% |
| Total Shareholder Yield | 9.3% | 7.3% | 0.0% | 0.0% | 6.8% | 6.2% | 0.3% | 5.1% | 1.7% | 1.7% | 0.3% |
| Shares Outstanding | — | $94M | $94M | $94M | $94M | $94M | $94M | $94M | $94M | $94M | $93M |
Peer Comparison
Compare FIZZ with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FIZZYou | $3B | 17.6 | 12.3 | 19.2 | 37.0% | 19.6% | 37.2% | 57.9% | 0.3 |
 CELH | $8B | 131.2 | 17.5 | 26.1 | 50.4% | 18.6% | 5.2% | 19.7% | 1.3 |
 MNST | $76B | 39.8 | 30.3 | — | 55.8% | 29.2% | 26.8% | 33.1% | — |
 NRXS | $94M | -9.3 | — | — | 84.2% | -219.4% | -285.4% | -477.9% | — |
 KO | $341B | 26.0 | 25.4 | 64.3 | 61.6% | 28.7% | 43.2% | 15.8% | 3.1 |
 PEP | $213B | 26.0 | 17.8 | 27.8 | 54.1% | 12.2% | 42.6% | 14.9% | 3.5 |
 KDP | $39B | 18.7 | 12.3 | 25.8 | 52.4% | 22.0% | 8.4% | 6.7% | 3.7 |
 CCK | $11B | 15.8 | 8.0 | 10.3 | 18.3% | 13.2% | 21.9% | 14.1% | 3.0 |
 SEE | $6B | 12.3 | 14.3 | 13.5 | 29.8% | 13.5% | 54.3% | 11.2% | 5.9 |
 SWK | $13B | 30.6 | 11.8 | 18.3 | 29.9% | 7.6% | 4.5% | 5.8% | 3.8 |
 INGR | $7B | 9.5 | 6.0 | 13.1 | 25.3% | 14.0% | 17.7% | 15.1% | 1.4 |
| Consumer Defensive Median | — | 19.6 | 11.5 | 14.8 | 40.2% | 1.5% | 7.7% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonFIZZ — Frequently Asked Questions
Quick answers to the most common questions about buying FIZZ stock.
What is National Beverage Corp.'s P/E ratio?
National Beverage Corp.'s current P/E ratio is 17.6x. The historical average is 20.2x. This places it at the 47th percentile of its historical range.
What is National Beverage Corp.'s EV/EBITDA?
National Beverage Corp.'s current EV/EBITDA is 12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
What is National Beverage Corp.'s ROE?
National Beverage Corp.'s return on equity (ROE) is 37.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 29.7%.
Is FIZZ stock overvalued?
Based on historical data, National Beverage Corp. is trading at a P/E of 17.6x. This is at the 47th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is National Beverage Corp.'s dividend yield?
National Beverage Corp.'s current dividend yield is 9.29% with a payout ratio of 162.8%.
What are National Beverage Corp.'s profit margins?
National Beverage Corp. has 37.0% gross margin and 19.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does National Beverage Corp. have?
National Beverage Corp.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.