FIZZ
NATIONAL BEVERAGE CORP
Consumer Staples • CIK: 0000069891
Loading...
Market Cap
$3.21B
P/E (TTM)
17.1x
Rev Growth (TTM)
+1.0%
Net Margin (TTM)
15.6%
FCF Yield (TTM)
4.9%
FCF Margin (TTM)
13.1%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$157M
Q2 '26
$20M-64%
Q1 '26
$56M+26%
FCF Margin
TTM13.1%
Q2 '266.9%-59%
Sector: 6.9%Top 25%
OCF Margin16.0%
OCF/NI1.03x
CapEx Coverage5.5x
FCF Yield4.9%
FCF Growth (2Y)+17%
Cash Conversion Cycle
38 days
DSO: 30+DIO: 43−DPO: 35
Capital Allocation & Returns
Shareholder Friendly
Total Shareholder YieldEst.
Est.9.5%
Div Yield9.5%
Strong capital returns to shareholders
Dividend & Payout Metrics
Dividend Yield (TTM)9.5%
FCF Payout Ratio193.9%
Free Cash Flow (TTM)$156.8M
Capital Return / FCF193.9%
Est. Dividends Paid (TTM)$304.1M
Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
34.3%
Moderate
-0.0% YoY+3.3%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
15.0%
8Q: 14.8%
Asset Turnover
1.81x
8Q: 1.86x
Leverage (1+D/E)
1.00x
D/E: 0.00x
DuPont: 27.2% ≈ 34.3% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
7.04x
8Q:7.33x
-54.5%
Invested Cap Turn
2.28x
8Q:2.39x
+6.3%
CapEx Intensity
6.6%
8Q:5.9%
CapEx/Depreciation
1.63x
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q2 2026 | Q1 2026 | Q4 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $1.2B | $288.3M↓12.8% | $330.5M↑5.4% | $313.6M↑17.4% | $267.1M↓8.3% | $291.2M↓11.6% | $329.5M↑10.8% | $297.3M↑10.1% | $270.1M |
Operating Income | $236.9M | $58.0M↓18.0% | $70.8M↑23.1% | $57.5M↑13.7% | $50.6M↓12.6% | $57.9M↓16.8% | $69.5M↑31.3% | $52.9M↑9.8% | $48.2M |
Net Income | $186.5M | $46.4M↓16.9% | $55.8M↑24.6% | $44.8M↑12.9% | $39.6M↓13.1% | $45.6M↓19.6% | $56.8M↑29.9% | $43.7M↑10.4% | $39.6M |
Operating Cash Flow | $191.4M | $25.7M↓56.5% | $59.1M↓1.6% | $60.1M↑29.1% | $46.5M↑9.3% | $42.6M↓25.9% | $57.5M↓4.9% | $60.4M↑70.7% | $35.4M |
Free Cash Flow | $156.8M | $19.9M↓64.5% | $56.0M↑25.5% | $44.6M↑22.8% | $36.3M↑1.8% | $35.7M↓33.7% | $53.8M↑8.4% | $49.6M↑72.8% | $28.7M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
17.1x
Volatile
8Q: 91.2x-2935%
Valuation Lenses
Earnings
17.1x
vs – sector
Cash Flow
26.6x
EV/FCF vs –
Growth-Adj
–PEG
N/A
Quality-Adj
0.5P/E per %ROIC
ROIC: 34.3%
Shareholder Returns
Dividend
9.5%
Buyback
–
Total Yield
9.5%
Market Cap$3.21B
EV–
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
90/100
Exceptional
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Top 10%
41.4%
8Q:–
Return on Invested Capital (ROIC)Top 25%
34.3%
8Q:–
+3.3%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 15.0%
Asset Turnover: 1.81x
Earnings Quality
Cash Conversion
1.03x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin37.2%
Capital Efficiency
Invested Capital Turnover2.28x
Working Capital
Cash Conversion Cycle38 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
59/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
1.0%
OpInc Growth YoY
0.3%
EPS Growth YoY
-0.5%
FCF 3Y CAGR
16.6%
Growth Quality Analysis
✓Efficient Growth: Free cash flow growing faster than revenue
Margin Quality & Sustainability
Moderate
Profitability Cascade
Gross
37.2%
Operating
19.7%
Top 25% in sector
Net
15.6%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
-2.5 pts
FCF: 13.1% | Net: 15.6%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $269.31M
Interest Coverage
–
+Net cash position: $269.31M
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis