FIZZ
National Beverage Corp.
FIZZ's fundamentals are mixed: it turned 14% of its revenue into free cash flow, but its operating margin fell 1 points to 18%. At 19x earnings, it's trading in line with its usual 18x. Analysts expect earnings to hold roughly steady.
FIZZ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
FIZZ's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
FIZZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $30.91 | -15% |
| Fair | 18x | $33.72 | -7% |
| Forward | 18x | $36.26 | — |
| Current | 19x | $36.26 | — |
| Expensive | 22x | $40.73 | +12% |
Historical ranges are pointers, not guarantees.
FIZZ's PE is in its expensive range at 19x. On analysts' estimates for next year's earnings, today's price would be 18x, in its fair range.
FIZZ Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect FIZZ's earnings, revenue and profitability to hold roughly steady.
FIZZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.99 | +7.3% |
| Q3 2026 | $1.86 | -6.1% |
| Q2 2026 | $1.96 | -1.5% |
| Q1 2026 | $2.00 | +0.5% |
FIZZ earned $1.86 per share over the past year, down 6.1% from the year before.
FIZZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $330.7M | 0% |
| Q2 2026 | $297.1M | -5.3% |
| Q1 2026 | $264.6M | -0.9% |
| Q4 2025 | $288.3M | -1% |
| Q3 2025 | $330.5M | +0.3% |
| Q2 2025 | $313.6M | +5.5% |
| Q1 2025 | $267.1M | -1.1% |
| Q4 2024 | $291.2M | -3% |
FIZZ's revenue grew through 2021 and has held roughly level since: $331M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | -3.7 points |
| Q2 2026 | 17% | -1.4 points |
| Q1 2026 | 19% | +0.4 points |
| Q4 2025 | 20% | +0.3 points |
| Q3 2025 | 21% | +0.3 points |
| Q2 2025 | 18% | +0.5 points |
| Q1 2025 | 19% | +1.1 points |
| Q4 2024 | 20% | +1.8 points |
FIZZ's operating margin was 18% last quarter, down 3.7 points from the same quarter a year ago.
FIZZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $61.8M | +10% |
| Q2 2026 | $35.6M | -20% |
| Q1 2026 | $44.6M | +23% |
| Q4 2025 | $19.9M | -44% |
| Q3 2025 | $56M | +4.1% |
| Q2 2025 | $44.6M | -10% |
| Q1 2025 | $36.3M | +27% |
| Q4 2024 | $35.7M | +45% |
FIZZ generated $162M in free cash flow over the past year, down 6.2% from the year before.
FIZZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -12K shares |
| 1 year | 0% | -39K shares |
| 3 years | +0.1% | +50K shares |
FIZZ has 94M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2021 | — |
| Q2 2020 | $1.9M |
FIZZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -0.5x | Net Cash |
FIZZ has more cash than debt.
FIZZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.7 | Neutral |
| Stochastic | 80.0 | Neutral |
FIZZ's weekly RSI is 59 (neutral) and its Stochastic is 80 (neutral).
FIZZ PE vs Consumer Defensive Sector
| Metric | FIZZ | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 19x | Same PE |
| PE % | 67 | 18 | 49 pts above |
FIZZ is trading at 19x earnings, in line with the Consumer Defensive sector's median of 19x.
FIZZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.8 | 7.3% above |
| 20 week MA | $32.7 | 11% above |
| 50 week MA | $33.8 | 7.2% above |
| 100 week MA | $37.7 | 3.7% below |
| 200 week MA | $43.0 | 16% below |
FIZZ has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 16% below its 200-week average.
FIZZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.9 | $43.9 | +70% |
| 2021 | $43.9 | $46.6 | +6.1% |
| 2022 | $46.6 | $48.8 | +4.7% |
| 2023 | $48.8 | $49.7 | +1.9% |
| 2024 | $49.7 | $42.9 | -14% |
| 2025 | $42.9 | $32.3 | -25% |
| 2026 YTD | $32.3 | $36.3 | +12% |
FIZZ has finished higher in four of the last six years. It's up 12% so far in 2026.