MARKETS / NASDAQ / FIZZ

NASDAQ · BOTTLED & CANNED SOFT DRINKS & CARBONATED WATERS · LARGE CAP

National Beverage Corp. FIZZ

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$1.2B

▼ 1.7% YoY

Net income

$183.6M

▼ 1.7% YoY

Free cash flow

$156.1M

▼ 8.4% YoY

In brief

What this company does

National Beverage Corp. produces and distributes sparkling waters, energy drinks and juices under its Power+ Brands, including LaCroix sparkling waters, Clear Fruit non-carbonated water beverages, Rip It energy drinks and shots, and Everfresh and Mr. Pure juice and juice-based products, as well as carbonated soft drinks including Shasta and Faygo. The company operates twelve strategically located production facilities near major metropolitan markets across the continental United States. As of May 2, 2026, the company employed approximately 1,677 people, of which 378 were covered by collective bargaining agreements. The company utilizes a hybrid distribution system to deliver its products through three primary distribution channels: take-home, convenience and food-service. National Beverage Corp. is incorporated in Delaware and began trading as a public company on the NASDAQ Stock Market in 1991.

Written from the business description in NATIONAL BEVERAGE CORP's annual report to the U.S. Securities and Exchange Commission, filed 1 July 2026. Every sentence was checked against that document before publication.

Growth

USD 1.2B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.2 · Net income 0.2

Compound annual growth

Revenue

+0.2%

+1.9%

+5.3%

+4.6%

Net income

+8.9%

+1.1%

+11.6%

+10.6%

EPS, diluted

+8.8%

+1.1%

Returned to shareholders

−72.7%

−30.8%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +1.9% a year over five years — but profit grew slower: net income at +1.1%, earnings per share at +1.1%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

16 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 19.5% · Net 15.6%

ROE

FY2025 · ROE 34.0%

Gross margin37.0%

Operating margin19.5%

Net margin15.6%

Return on assets24.1%

EBITDAUSD 252.8M

Each USD of equity produced 34 cents of profit this year.

Cash & shareholders

USD 422,000.00

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 156.1

Net buybacks $M Dividends $M

FY2025 · Dividends 0.0 · Net buybacks 0.4

Dividends paid—

Net buybacksUSD 422,000.00

Share of profit0.2%

Consecutive raises—

USD 422,000.00 in buybacks — 0% of the year's profit went back to shareholders.

Total assetsUSD 851.6M

EquityUSD 635.7M

CashUSD 349.5M

Current ratio4.39×

Equity funds 75% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	1.2	1.2	1.2	1.2	1.1	1.1	1.0	1.0	1.0	0.8	0.7	0.6	0.6	0.7	0.6	0.6	0.6
Operating income $B	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	·	·	·	·	·	·	·	·
EBITDA $B	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2	·	·	·	·	·	·	·	·
Income tax $B	0.1	0.1	0.1	0.0	0.0	0.1	0.0	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.2	0.2	0.2	0.1	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.2	0.2	0.2	0.1	0.1	0.2	0.2	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0
EPS, diluted $	1.96	1.99	1.89	1.52	1.69	1.86	1.39	1.50	3.19	2.29	1.31	1.05	0.92	1.01	0.95	0.88	0.71
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	0	163	0	0	177	161	0	96	47	65	·	·	·	252	·	261	190
ROE %	34.0	37.2	37.9	46.5	53.2	43.1	33.2	42.5	51.9	47.4	34.6	38.8	49.4	48.9	43.6	36.7	23.2

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityBottled & Canned Soft Drinks & Carbonated Waters

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsMay 2

Data on record since2009