National Beverage (FIZZ) AI Stock Analysis

• Market Cap: $3.37B
• Dividend Yield: N/A
• Average Volume (3M): 266.19K
• Price to Earnings (P/E): 18.2
• Beta (1Y): 0.32
• 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: 240,278
• 30 Day Avg. Volume: 266,185
• PEG Ratio: 3.71
• Price to Book (P/B): 9.08
• Price to Sales (P/S): 3.36
• P/FCF Ratio: 23.67
• Enterprise Value/Market Cap: 1.23
• Enterprise Value/Revenue: 3.46
• Enterprise Value/Gross Profit: 9.31
• Enterprise Value/Ebitda: 16.34
• 1Y Price Target: $39.00
• Price Target Upside: 8.24% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: $46.00 ▲(27.67% Upside)

National Beverage's strong financial performance is the primary driver of its stock score, supported by robust revenue and profit growth. However, technical analysis reveals bearish signals, indicating weak market momentum. The valuation is moderate, with a reasonable P/E ratio but no dividend yield. These factors collectively result in a balanced stock score.

National Beverage Business Overview & Revenue Model

Company Description

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr. Pure brands. It also offers carbonated soft drinks under the Shasta and Faygo brands. The company serves retailers, as well as various smaller up-and-down-the-street accounts through the take-home, convenience, and food-service distribution channels. National Beverage Corp. was incorporated in 1985 and is based in Fort Lauderdale, Florida.

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 and profit growth. The company maintains a healthy debt-to-equity ratio and efficient use of equity, although there is a slight increase in leverage. Cash flow generation is consistent, but recent declines in cash reserves suggest a need for careful cash management.

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 2019
Income Statement
Total Revenue	1.20B	1.20B	1.19B	1.17B	1.14B	1.01B
Gross Profit	446.97M	443.94M	428.45M	396.79M	417.81M	384.35M
EBITDA	254.63M	256.26M	238.67M	219.97M	207.86M	195.37M
Net Income	185.80M	186.82M	176.73M	142.16M	158.51M	140.85M
Balance Sheet
Total Assets	737.76M	672.86M	770.15M	574.34M	467.80M	452.19M
Cash, Cash Equivalents and Short-Term Investments	249.83M	193.84M	327.05M	158.07M	48.05M	156.20M
Total Debt	69.90M	72.12M	54.77M	41.53M	61.25M	0.00
Total Liabilities	233.63M	228.86M	210.64M	201.85M	228.37M	120.58M
Stockholders Equity	504.13M	444.00M	559.51M	372.49M	239.44M	331.61M
Cash Flow
Free Cash Flow	172.61M	170.41M	167.61M	139.69M	104.12M	101.11M
Operating Cash Flow	208.29M	206.70M	197.91M	161.66M	133.13M	139.44M
Investing Cash Flow	-35.66M	-36.27M	-30.25M	-21.95M	-29.00M	-38.31M
Financing Cash Flow	170.00K	-303.63M	1.31M	-29.69M	-249.67M	-134.79M

National Beverage Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 36.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIZZ, the sentiment is Negative. The current price of 36.03 is below the 20-day moving average (MA) of 37.13, below the 50-day MA of 40.50, and below the 200-day MA of 42.52, indicating a bearish trend. The MACD of -1.06 indicates Negative momentum. The RSI at 28.91 is Positive, neither overbought nor oversold. The STOCH value of 12.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FIZZ.

National Beverage Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
COCO	77 Outperform	$2.26B	36.18	24.35%	―	11.97%	16.10%
COKE	75 Outperform	$10.84B	20.77	41.45%	4.68%	3.22%	23.88%
AKO.A	74 Outperform	$3.42B	11.80	24.18%	7.64%	17.01%	11.63%
KOF	68 Neutral	$4.27B	14.28	16.78%	4.25%	-4.05%	-3.69%
FIZZ	63 Neutral	$3.37B	18.17	45.84%	―	0.46%	0.91%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ZVIA	54 Neutral	$179.88M	―	-22.11%	―	-1.08%	54.50%