National Beverage (FIZZ) financial statements
National Beverage reported revenue of $1.2B in fiscal 2026, up 4.0% a year over 9 years.
Net income was $184M.
Free cash flow was $156M, and the company returned $673,000 in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from National Beverage's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $827M | $976M | $1.0B | $1.0B | $1.1B | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B |
| Cost of revenue | $501M | $585M | $630M | $630M | $651M | $720M | $776M | $763M | $757M | $743M |
| Gross profit | $326M | $391M | $384M | $370M | $422M | $418M | $397M | $428M | $444M | $437M |
| Selling, general and admin | $164M | $187M | $204M | $204M | $194M | $210M | $210M | $210M | $208M | $207M |
| Operating income | — | $204M | $180M | $166M | $228M | $208M | $187M | $219M | $235M | $230M |
| Interest expense | $189,000 | $201,000 | $202,000 | — | — | — | — | — | — | — |
| Pre-tax income | $163M | $205M | $184M | $169M | $228M | $208M | $186M | $230M | $245M | $241M |
| Income tax | $56M | $56M | $43M | $39M | $54M | $49M | $44M | $53M | $58M | $57M |
| Net income | $107M | $150M | $141M | $130M | $174M | $159M | $142M | $177M | $187M | $184M |
| EPS (diluted) | $1.15 | $1.59 | $1.50 | $1.39 | $1.86 | $1.69 | $1.52 | $1.89 | $1.99 | $1.96 |
| Diluted shares | 94M | 94M | 94M | 94M | 94M | 94M | 94M | 94M | 94M | 94M |
| Gross margin | 39.4% | 40.1% | 37.9% | 37.0% | 39.3% | 36.7% | 33.8% | 36.0% | 37.0% | 37.0% |
| Operating margin | — | 20.9% | 17.7% | 16.6% | 21.2% | 18.3% | 15.9% | 18.3% | 19.6% | 19.5% |
| Net margin | 12.9% | 15.3% | 13.9% | 13.0% | 16.2% | 13.9% | 12.1% | 14.8% | 15.6% | 15.6% |
Balance sheet
Fiscal years, from National Beverage's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $136M | $190M | $156M | $305M | $194M | $48M | $158M | $327M | $194M | $350M |
| Receivables | $71M | $84M | $85M | $85M | $86M | $94M | $105M | $103M | $104M | $104M |
| Inventory | $53M | $61M | $71M | $63M | $71M | $103M | $94M | $85M | $85M | $96M |
| Total current assets | $268M | $353M | $321M | $461M | $365M | $275M | $366M | $537M | $407M | $593M |
| Property, plant and equipment | $65M | $86M | $111M | $121M | $131M | $144M | $148M | $160M | $176M | $182M |
| Goodwill | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M |
| Total assets | $354M | $459M | $452M | $649M | $557M | $468M | $574M | $770M | $673M | $852M |
| Total current liabilities | $87M | $105M | $97M | $142M | $147M | $145M | $144M | $138M | $141M | $135M |
| Long-term debt | — | — | — | — | $0 | $30M | $0 | — | — | — |
| Total liabilities | $108M | $127M | $121M | $196M | $201M | $228M | $202M | $211M | $229M | $216M |
| Shareholders' equity | $246M | $331M | $332M | $452M | $356M | $239M | $372M | $560M | $444M | $636M |
| Net debt | -$136M | -$190M | -$156M | -$305M | -$194M | -$18M | -$158M | -$327M | -$194M | -$350M |
Cash flow
Fiscal years, from National Beverage's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $114M | $155M | $139M | $178M | $194M | $133M | $162M | $198M | $207M | $181M |
| Capital spending | $14M | $32M | $38M | $24M | $25M | $29M | $22M | $30M | $36M | $25M |
| Free cash flow | $100M | $123M | $101M | $154M | $168M | $104M | $140M | $168M | $170M | $156M |
| Stock-based compensation | $208,000 | $161,000 | $251,000 | $125,000 | $462,000 | $695,000 | $677,000 | $881,000 | $606,000 | $439,000 |
| Dividends paid | $70M | $70M | $135M | $0 | $280M | $280M | $0 | $0 | $304M | $0 |
| Share buybacks (net) | — | $0 | $0 | -$6M | $0 | $0 | — | $0 | $0 | -$673,000 |
| Net borrowing | — | — | — | $0 | $0 | $30M | -$30M | $0 | $0 | — |
| Free cash flow margin | 12.1% | 12.6% | 10.0% | 15.4% | 15.7% | 9.1% | 11.9% | 14.1% | 14.2% | 13.2% |
| Dividends per share | $0.75 | $0.74 | $1.44 | — | $2.99 | $2.99 | — | — | $3.25 | — |
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Open FIZZ in InvestinglyQuestions
What was National Beverage's revenue in 2026?
$1.2B in fiscal 2026, from its 10-K filing.
How much free cash flow does National Beverage generate?
$156M in fiscal 2026 (operating cash flow minus capital spending).
From National Beverage's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.