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National Beverage Corp.

FIZZConsumer DefensiveNASDAQ

Beverages - Non-Alcoholic

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Financials · Annual
Revenue
$1.20B
+0.8% YoY
Net Income
$186.8M
+5.7% YoY
EBITDA
$256.3M
+7.4% YoY
Free Cash Flow
$120.2M

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About National Beverage Corp.

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. The company carries a $3.46B market cap, placing it firmly in the mid-cap category. 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.

Key stats
Market Cap$3.46B
P/E (TTM)18.50
Fwd P/E18.38
EPS$2.00
Beta0.71
52W Change-18.7%
ROE38.0%
Analysis

With $314.0M in cash and $62.7M in debt, FIZZ maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $120.2M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 38.0%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 21.4% further supports the picture of efficient asset utilization. Revenue has been relatively flat, moving from $1.14B (2022) to $1.20B (2025).

With cash comfortably exceeding debt, FIZZ has financial flexibility that may help navigate uncertain periods. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FIZZ.

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