National Beverage (FIZZ) AI Stock Analysis

• Market Cap: $3.23B
• Dividend Yield: N/A
• Average Volume (3M): 399.06K
• Price to Earnings (P/E): 17.4
• Beta (1Y): 0.23
• Revenue Growth: 0.46%
• EPS Growth: 0.91%
• Country: US
• Employees: 1,559
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 0.60
• Shares Outstanding: 93,620,250
• 10 Day Avg. Volume: 509,275
• 30 Day Avg. Volume: 399,060
• PEG Ratio: 3.82
• Price to Book (P/B): 9.36
• Price to Sales (P/S): 3.46
• P/FCF Ratio: 24.39
• Enterprise Value/Market Cap: 1.29
• Enterprise Value/Revenue: 3.46
• Enterprise Value/Gross Profit: 9.31
• Enterprise Value/Ebitda: 16.34
• 1Y Price Target: $39.00
• Price Target Upside: 7.08% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1
• EPS Forecast (FY): 2.04
• Revenue Forecast (FY): $1.21B

• Rating: 64 Neutral
• Price Target: $35.00 ▼(-3.90% Downside)

National Beverage's strong financial performance is a key strength, supported by robust revenue growth and profitability. However, the stock faces significant bearish technical indicators, suggesting potential short-term challenges. The valuation is reasonable, but the lack of a dividend yield may deter some investors. Overall, the stock presents a mixed outlook with strong financials but technical headwinds.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a positive market position and successful product adoption, supporting long-term business expansion.

Profitability

Improved profitability reflects efficient operations and cost management, enhancing the company's ability to reinvest and grow.

Cash Generation

Strong cash generation supports financial flexibility, enabling strategic investments and resilience against market fluctuations.

Negative Factors

Cash Management Concerns

Decreasing cash reserves may limit the company's ability to handle unexpected expenses or invest in growth opportunities.

Leverage Increase

Increased leverage could heighten financial risk, potentially impacting the company's stability and borrowing costs.

Operating Efficiency Variability

Fluctuating operating efficiency may indicate challenges in cost control, affecting profitability and competitive positioning.

National Beverage Business Overview & Revenue Model

Company Description

National Beverage Corp. (FIZZ) is a leading producer and distributor of a diverse range of carbonated and non-carbonated beverages. The company operates primarily within the beverage sector, focusing on sparkling waters, soft drinks, and energy drinks. National Beverage offers popular brands such as LaCroix, Shasta, and Faygo, catering to a wide audience with varying tastes and preferences. The company's commitment to innovation and quality allows it to maintain a significant presence in the competitive beverage market.

How the Company Makes Money

National Beverage generates revenue through the sale of its wide array of beverage products. This includes both the direct sales of its brands to retailers and distributors, as well as private label offerings. Key revenue streams consist of retail sales through grocery stores, convenience stores, and online platforms. Additionally, the company benefits from strategic partnerships with various distribution channels that enhance its market reach. Seasonal and promotional sales also contribute to revenue, particularly with popular flavors and limited-edition products. Furthermore, National Beverage's focus on health-conscious products, like its sparkling waters, taps into the growing trend of consumers seeking healthier beverage options, thereby expanding its customer base and increasing sales.

National Beverage Financial Statement Overview

Summary

National Beverage demonstrates strong financial performance with robust revenue growth and improved profitability. The company maintains a healthy debt-to-equity ratio and shows efficient use of equity. However, there are minor concerns regarding cash management due to recent declines in cash reserves.

Income Statement

National Beverage shows strong revenue growth with a steady increase from $1,000 million in 2020 to $1,201 million in 2025, reflecting a positive growth trajectory. The gross profit margin is robust, maintaining above 36% consistently. The net profit margin improved from 12.97% in 2020 to 15.55% in 2025, indicating enhanced profitability. However, EBIT margin shows minor fluctuations, suggesting some variability in operating efficiency.

Balance Sheet

The company maintains a healthy debt-to-equity ratio, remaining below 0.2, showcasing prudent financial leverage. The return on equity increased from 28.74% in 2020 to 42.09% in 2025, indicating efficient use of equity. However, the equity ratio declined from 69.76% in 2020 to 65.99% in 2025, suggesting a slight increase in leverage over the years.

Cash Flow

Free cash flow shows consistent growth, demonstrating the company's ability to generate cash effectively. The operating cash flow to net income ratio remains strong, suggesting good cash generation relative to net income. However, a decline in cash and equivalents from 2024 to 2025 indicates potential cash management concerns.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.20B	1.20B	1.19B	1.17B	1.14B	1.07B
Gross Profit	446.97M	443.94M	428.45M	396.79M	417.81M	421.62M
EBITDA	254.63M	256.26M	238.67M	219.97M	239.40M	258.98M
Net Income	185.80M	186.82M	176.73M	142.16M	158.51M	174.15M
Balance Sheet
Total Assets	737.76M	672.86M	770.15M	574.34M	467.80M	557.24M
Cash, Cash Equivalents and Short-Term Investments	249.83M	193.84M	327.05M	158.07M	48.05M	193.59M
Total Debt	69.90M	72.12M	54.77M	41.53M	61.25M	43.64M
Total Liabilities	233.63M	228.86M	210.64M	201.85M	228.37M	201.24M
Stockholders Equity	504.13M	444.00M	559.51M	372.49M	239.44M	356.00M
Cash Flow
Free Cash Flow	172.61M	170.41M	167.61M	139.69M	104.12M	168.46M
Operating Cash Flow	208.29M	206.70M	197.91M	161.66M	133.13M	193.77M
Investing Cash Flow	-35.66M	-36.27M	-30.25M	-21.95M	-29.00M	-25.31M
Financing Cash Flow	170.00K	-303.63M	1.31M	-29.69M	-249.67M	-279.38M

National Beverage Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 36.42
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIZZ, the sentiment is Neutral. The current price of 36.42 is above the 20-day moving average (MA) of 33.39, above the 50-day MA of 35.31, and below the 200-day MA of 41.32, indicating a neutral trend. The MACD of -0.43 indicates Negative momentum. The RSI at 51.92 is Neutral, neither overbought nor oversold. The STOCH value of 65.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FIZZ.

National Beverage Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KOF	74 Outperform	$4.61B	15.35	16.18%	3.98%	-2.81%	-2.66%
COCO	74 Outperform	$3.07B	46.56	24.02%	―	23.12%	16.20%
AKO.A	73 Outperform	$3.80B	13.03	25.18%	5.17%	18.92%	34.03%
COKE	71 Outperform	$14.01B	25.36	41.92%	0.61%	4.22%	22.24%
FIZZ	64 Neutral	$3.23B	17.38	45.84%	―	0.46%	0.91%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ZVIA	54 Neutral	$201.01M	―	-23.12%	―	6.17%	41.09%

National Beverage Corporate Events

National Beverage Elects New Director at Annual Meeting

On October 3, 2025, National Beverage Corp. held its Annual Meeting of Shareholders where the election of two Class II Directors took place. Mr. Stanley M. Sheridan was re-elected and Mr. Glenn J. Waldman was newly elected, following the retirement announcement of Cecil D. Conlee, who served on the board since 2009 and decided not to stand for reelection.

The most recent analyst rating on (FIZZ) stock is a Sell with a $39.00 price target. To see the full list of analyst forecasts on National Beverage stock, see the FIZZ Stock Forecast page.

National Beverage Corp. Reports Steady Q1 2025 Performance

National Beverage Corp. is a Delaware-based company that develops, produces, markets, and sells a variety of beverages, including sparkling waters, juices, energy drinks, and carbonated soft drinks, primarily in the United States. The company is known for its innovative product designs and creative flavors.