National Beverage (FIZZ) Financials

$43.89 -0.34 (-0.77%)

As of 04:00 PM Eastern

Annual Income Statements for National Beverage

This table shows National Beverage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	49	61	107	150	133	130	174	159	142	177
Consolidated Net Income / (Loss)	49	61	107	150	141	130	174	159	142	177
Net Income / (Loss) Continuing Operations	49	61	107	150	133	130	174	159	142	177
Total Pre-Tax Income	75	93	163	205	184	169	228	208	186	230
Total Operating Income	74	93	162	204	180	166	228	208	187	219
Total Gross Profit	219	241	326	391	384	370	422	418	397	428
Total Revenue	646	705	827	976	1,014	1,000	1,072	1,138	1,173	1,192
Operating Revenue	646	705	827	976	1,014	1,000	1,072	1,138	1,173	1,192
Total Cost of Revenue	427	463	501	585	630	630	651	720	776	763
Operating Cost of Revenue	427	463	501	585	630	630	651	720	776	763
Total Operating Expenses	145	148	164	187	204	204	194	210	210	210
Selling, General & Admin Expense	145	148	164	187	204	204	194	210	210	210
Total Other Income / (Expense), net	0.73	-0.35	0.35	1.30	-3.94	3.71	0.31	-0.26	-0.24	11
Other Income / (Expense), net	1.10	-0.15	0.54	1.30	3.94	3.71	0.31	-0.26	-0.24	11
Income Tax Expense	25	32	56	56	43	39	54	49	44	53
Basic Earnings per Share	$1.06	$1.31	$2.30	$3.21	$1.51	$1.39	$1.87	$1.70	$1.52	$1.89
Weighted Average Basic Shares Outstanding	46.35M	46.45M	46.56M	46.60M	93.27M	93.26M	93.28M	93.32M	93.35M	93.43M
Diluted Earnings per Share	$1.05	$1.31	$2.29	$3.19	$1.50	$1.39	$1.86	$1.69	$1.52	$1.89
Weighted Average Diluted Shares Outstanding	46.56M	46.67M	46.77M	46.92M	93.83M	93.66M	93.62M	93.60M	93.61M	93.63M
Weighted Average Basic & Diluted Shares Outstanding	46.30M	46.50M	46.50M	46.70M	46.60M	46.63M	93.31M	93.34M	93.35M	93.58M

This table shows National Beverage's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	35	36	34	36	50	44	40	44	57	46	40
Consolidated Net Income / (Loss)	35	36	34	36	50	44	40	44	57	46	40
Net Income / (Loss) Continuing Operations	35	36	34	36	50	44	40	44	57	46	40
Total Pre-Tax Income	46	47	45	48	65	57	50	58	74	60	52
Total Operating Income	46	47	44	49	63	54	48	53	70	58	51
Total Gross Profit	99	100	95	102	114	108	97	109	122	109	99
Total Revenue	318	300	268	287	324	300	270	297	329	291	267
Operating Revenue	318	300	268	287	324	300	270	297	329	291	267
Total Cost of Revenue	219	200	174	184	210	192	173	188	207	182	168
Operating Cost of Revenue	219	200	174	184	210	192	173	188	207	182	168
Total Operating Expenses	53	53	50	54	51	54	49	56	53	51	48
Selling, General & Admin Expense	53	53	50	54	51	54	49	56	53	51	48
Total Other Income / (Expense), net	-0.08	0.09	0.48	-0.73	2.06	2.72	1.97	4.59	4.35	1.73	1.40
Other Income / (Expense), net	-0.08	0.09	0.48	-0.73	2.06	2.72	1.97	4.59	4.35	1.73	1.40
Income Tax Expense	11	11	11	12	16	13	11	14	17	14	12
Basic Earnings per Share	$38.00	$0.39	$37.00	$0.39	$0.53	$0.47	$0.42	($93.58)	$0.61	$0.49	$0.42
Weighted Average Basic Shares Outstanding	93.34M	93.34M	93.35M	93.35M	93.35M	93.36M	93.45M	93.43M	93.57M	93.61M	93.62M
Diluted Earnings per Share	$38.00	$0.39	$37.00	$0.39	$0.53	$0.47	$0.42	($93.58)	$0.61	$0.49	$0.42
Weighted Average Diluted Shares Outstanding	93.60M	93.60M	93.61M	93.61M	93.61M	93.60M	93.64M	93.63M	93.67M	93.69M	93.69M
Weighted Average Basic & Diluted Shares Outstanding	93.34M	93.35M	93.35M	93.35M	93.35M	93.39M	93.54M	93.58M	93.61M	93.61M	93.62M

This table details how cash moves in and out of National Beverage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	23	53	31	53	-34	148	-111	-146	110	169
Net Cash From Operating Activities	58	80	114	155	139	178	194	133	162	198
Net Cash From Continuing Operating Activities	58	80	114	155	139	178	194	133	162	198
Net Income / (Loss) Continuing Operations	49	61	107	150	141	130	174	159	142	177
Consolidated Net Income / (Loss)	49	61	107	150	141	130	174	159	142	177
Depreciation Expense	12	12	13	13	15	17	18	19	20	20
Amortization Expense	-	-	-	-	0.00	13	13	13	13	14
Non-Cash Adjustments To Reconcile Net Income	-0.88	1.89	0.78	0.31	0.26	-12	-11	-13	-12	-14
Changes in Operating Assets and Liabilities, net	-1.99	5.34	-6.39	-8.59	-17	29	-1.02	-45	-1.38	0.87
Net Cash From Investing Activities	-9.73	-12	-14	-32	-38	-24	-25	-29	-22	-30
Net Cash From Continuing Investing Activities	-9.73	-12	-14	-32	-38	-24	-25	-29	-22	-30
Purchase of Property, Plant & Equipment	-12	-12	-14	-32	-38	-24	-25	-29	-22	-30
Sale of Property, Plant & Equipment	1.91	0.12	0.03	0.06	0.02	0.01	0.01	0.01	0.03	0.05
Net Cash From Financing Activities	-26	-15	-69	-69	-135	-5.49	-279	-250	-30	1.31
Net Cash From Continuing Financing Activities	-26	-15	-69	-69	-135	-5.49	-279	-250	-30	1.31
Repayment of Debt	-20	-10	-	-	-	0.00	0.00	-20	-30	0.00
Payment of Dividends	-0.24	-0.19	-70	-70	-135	0.00	-280	-280	0.00	0.00
Issuance of Debt	-	-	-	-	-	0.00	0.00	50	0.00	0.00
Other Financing Activities, net	0.47	0.85	0.37	0.56	0.46	0.74	0.49	0.34	0.31	1.31
Cash Interest Paid	0.38	0.12	0.20	0.10	0.05	0.05	0.15	0.37	0.32	0.23
Cash Income Taxes Paid	25	29	56	57	37	29	63	52	38	56

This table details how cash moves in and out of National Beverage's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	8.01	37	26	40	65	25	29	50	-250	36	36
Net Cash From Operating Activities	41	42	30	49	70	32	35	60	57	43	47
Net Cash From Continuing Operating Activities	41	42	30	49	70	32	35	60	57	43	47
Net Income / (Loss) Continuing Operations	35	36	34	36	50	44	40	44	57	46	40
Consolidated Net Income / (Loss)	35	36	34	36	50	44	40	44	57	46	40
Depreciation Expense	5.46	4.98	5.12	4.49	4.96	4.99	5.15	5.07	5.39	5.14	4.78
Amortization Expense	3.16	3.43	3.35	3.29	3.33	3.59	3.56	3.56	3.56	3.59	3.65
Non-Cash Adjustments To Reconcile Net Income	-2.98	-3.21	-3.19	-3.02	-3.13	-4.82	-2.82	-3.13	-3.36	-3.55	-2.55
Changes in Operating Assets and Liabilities, net	-0.48	0.38	-9.63	8.34	15	-16	-10	11	-4.87	-8.22	1.01
Net Cash From Investing Activities	-2.61	-5.34	-4.32	-9.68	-5.45	-7.28	-6.69	-11	-3.70	-6.91	-10
Net Cash From Continuing Investing Activities	-2.61	-5.34	-4.32	-9.68	-5.45	-7.28	-6.69	-11	-3.70	-6.91	-10
Purchase of Property, Plant & Equipment	-2.61	-5.37	-4.31	-9.70	-5.47	-7.29	-6.70	-11	-3.70	-6.91	-10
Net Cash From Financing Activities	-30	0.29	0.01	0.02	0.00	0.28	0.56	0.47	-304	0.11	0.06
Net Cash From Continuing Financing Activities	-30	0.29	0.01	0.02	0.00	0.28	0.56	0.47	-304	0.11	0.06
Other Financing Activities, net	-	-	0.01	0.02	0.00	0.28	0.56	0.47	0.35	0.11	0.06
Cash Interest Paid	0.19	0.03	0.07	0.02	0.11	0.03	-	0.08	0.03	-0.01	0.05
Cash Income Taxes Paid	-0.08	21	6.04	10	0.00	31	13	12	0.22	31	15

This table presents National Beverage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	248	305	354	459	452	649	557	468	574	770
Total Current Assets	168	224	268	353	321	461	365	275	366	537
Cash & Equivalents	52	106	136	190	156	305	194	48	158	327
Accounts Receivable	60	61	71	84	85	85	86	94	105	103
Inventories, net	43	48	53	61	71	63	71	103	94	85
Prepaid Expenses	8.05	4.67	7.28	18	9.71	7.79	13	30	9.84	22
Plant, Property, & Equipment, net	60	62	65	86	111	121	131	144	148	160
Total Noncurrent Assets	20	20	21	20	19	67	61	49	60	74
Goodwill	13	13	13	13	13	13	13	13	13	13
Intangible Assets	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62
Other Noncurrent Operating Assets	5.08	5.14	5.75	5.30	4.66	53	47	34	45	59
Total Liabilities & Shareholders' Equity	248	305	354	459	452	649	557	468	574	770
Total Liabilities	100	99	108	127	121	196	201	228	202	211
Total Current Liabilities	66	76	87	105	97	142	147	145	144	138
Accounts Payable	45	49	58	75	66	74	89	95	85	78
Accrued Expenses	21	26	29	30	30	42	44	39	47	47
Current Deferred & Payable Income Tax Liabilities	0.10	0.03	0.09	0.10	0.40	7.86	0.09	0.39	0.15	0.00
Other Current Liabilities	-	-	-	-	0.00	17	15	11	12	13
Total Noncurrent Liabilities	34	24	21	23	24	55	54	83	58	73
Noncurrent Deferred & Payable Income Tax Liabilities	15	14	12	15	16	15	17	24	20	23
Other Noncurrent Operating Liabilities	8.47	9.26	9.07	8.22	7.56	40	37	29	38	49
Total Equity & Noncontrolling Interests	148	206	246	331	-295	452	356	239	372	560
Total Preferred & Common Equity	148	201	246	331	332	452	356	239	372	560
Preferred Stock	0.27	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Total Common Equity	148	206	245	331	-295	452	356	239	372	559
Common Stock	38	35	36	37	38	38	39	40	41	44
Retained Earnings	130	191	228	308	313	443	338	216	358	535
Treasury Stock	-18	-18	-18	-18	-18	-24	-24	-	-19	-19
Accumulated Other Comprehensive Income / (Loss)	-2.52	-1.81	-0.60	4.60	-1.54	-5.42	3.02	6.92	-3.19	4.91
Other Equity Adjustments	-	-	-	-	-	-	-	-24	-5.10	-5.10

This table presents National Beverage's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	428	456	500	526	640	673	720	523	557	594
Total Current Assets	237	254	299	324	431	456	489	293	325	353
Cash & Equivalents	40	56	93	118	223	248	277	77	113	149
Accounts Receivable	82	100	100	97	108	100	102	116	100	91
Inventories, net	89	90	88	94	93	93	89	91	91	85
Prepaid Expenses	26	7.16	17	15	8.03	16	22	9.52	21	27
Plant, Property, & Equipment, net	135	142	143	143	149	152	154	158	160	166
Total Noncurrent Assets	56	59	58	60	60	65	77	71	72	76
Goodwill	13	13	13	13	13	13	13	13	13	13
Intangible Assets	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62	1.62
Other Noncurrent Operating Assets	41	45	44	45	45	50	62	56	57	61
Total Liabilities & Shareholders' Equity	428	456	500	526	640	673	720	523	557	594
Total Liabilities	222	191	205	187	218	206	210	216	197	194
Total Current Liabilities	119	132	148	126	157	143	133	147	128	120
Accounts Payable	69	76	84	69	87	80	73	74	70	63
Accrued Expenses	37	43	51	44	49	49	45	50	45	43
Current Deferred & Payable Income Tax Liabilities	0.73	0.65	0.15	0.47	8.90	0.19	0.79	11	0.68	0.64
Other Current Liabilities	13	12	12	12	12	13	14	13	13	13
Total Noncurrent Liabilities	103	59	57	61	62	63	77	68	69	74
Noncurrent Deferred & Payable Income Tax Liabilities	19	21	21	25	24	24	25	21	24	24
Other Noncurrent Operating Liabilities	34	38	37	37	37	39	52	47	46	50
Total Equity & Noncontrolling Interests	206	264	295	340	422	467	510	307	360	400
Total Preferred & Common Equity	206	264	295	340	422	467	510	307	360	400
Preferred Stock	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Total Common Equity	206	264	295	339	422	467	510	306	360	400
Common Stock	40	41	41	41	42	42	43	44	44	45
Retained Earnings	182	252	288	322	408	452	491	288	333	373
Treasury Stock	-24	-24	-24	-24	-19	-19	-19	-19	-19	-19
Accumulated Other Comprehensive Income / (Loss)	8.29	-4.04	-9.53	0.32	-3.40	-2.54	0.19	-1.14	6.51	6.74
Other Equity Adjustments	-	-	-	-	-5.10	-5.10	-5.10	-5.10	-5.10	-5.10

This table displays calculated financial ratios and metrics derived from National Beverage's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.73%	9.13%	17.33%	18.00%	3.93%	-1.35%	7.18%	6.14%	3.07%	1.60%
EBITDA Growth	14.82%	21.12%	67.53%	24.38%	-8.87%	0.36%	29.62%	-7.67%	-8.22%	20.17%
EBIT Growth	17.74%	23.74%	75.46%	26.06%	-10.52%	-7.84%	34.63%	-9.00%	-10.19%	23.28%
NOPAT Growth	9.60%	25.80%	73.89%	39.33%	-7.39%	-7.77%	36.80%	-8.74%	-10.31%	18.03%
Net Income Growth	13.01%	24.11%	74.92%	39.92%	-5.96%	-7.73%	33.99%	-8.98%	-10.31%	24.32%
EPS Growth	14.13%	24.76%	74.81%	39.30%	-5.96%	-7.73%	33.81%	-9.14%	-10.06%	24.34%
Operating Cash Flow Growth	10.76%	38.72%	41.98%	35.40%	-9.88%	27.43%	9.05%	-31.29%	21.43%	22.42%
Free Cash Flow Firm Growth	23.41%	32.96%	48.30%	18.70%	-10.73%	48.77%	2.97%	-37.40%	49.73%	0.43%
Invested Capital Growth	-0.89%	-4.51%	8.62%	29.59%	23.90%	-15.73%	9.87%	36.32%	-3.15%	8.42%
Revenue Q/Q Growth	0.04%	2.09%	4.16%	3.42%	-0.43%	2.30%	-0.12%	2.07%	0.21%	0.90%
EBITDA Q/Q Growth	3.39%	8.43%	11.66%	2.56%	-6.95%	15.02%	1.10%	-2.37%	1.30%	4.04%
EBIT Q/Q Growth	4.07%	9.27%	12.50%	2.88%	-7.93%	8.22%	1.80%	-2.90%	1.64%	4.26%
NOPAT Q/Q Growth	-0.71%	9.62%	12.06%	4.95%	-7.17%	8.49%	2.19%	-2.90%	1.71%	2.02%
Net Income Q/Q Growth	0.51%	9.59%	12.18%	5.11%	-6.82%	8.40%	1.70%	-2.93%	1.40%	4.38%
EPS Q/Q Growth	0.96%	10.08%	12.25%	4.93%	-6.82%	8.40%	-99.90%	-3.43%	1.33%	4.42%
Operating Cash Flow Q/Q Growth	2.17%	13.15%	1.81%	10.95%	-10.03%	12.73%	-1.96%	-5.68%	5.78%	5.90%
Free Cash Flow Firm Q/Q Growth	5.88%	8.11%	7.40%	2.10%	-10.40%	21.32%	-5.17%	-9.57%	10.90%	-1.74%
Invested Capital Q/Q Growth	-5.98%	-5.87%	-1.38%	2.23%	2.65%	-7.93%	-0.19%	2.55%	-3.06%	-0.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.93%	34.26%	39.43%	40.09%	37.90%	37.00%	39.32%	36.71%	33.83%	35.95%
EBITDA Margin	13.42%	14.89%	21.27%	22.42%	19.65%	20.00%	24.18%	21.04%	18.73%	22.16%
Operating Margin	11.46%	13.20%	19.65%	20.93%	17.74%	16.57%	21.25%	18.26%	15.92%	18.34%
EBIT Margin	11.63%	13.18%	19.71%	21.06%	18.13%	16.94%	21.28%	18.24%	15.90%	19.29%
Profit (Net Income) Margin	7.64%	8.68%	12.95%	15.35%	13.89%	12.99%	16.24%	13.93%	12.12%	14.83%
Tax Burden Percent	66.00%	66.01%	65.74%	72.89%	76.60%	76.70%	76.33%	76.36%	76.25%	76.89%
Interest Burden Percent	99.51%	99.78%	99.88%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	34.00%	33.99%	34.26%	27.11%	23.40%	23.30%	23.67%	23.64%	23.75%	23.11%
Return on Invested Capital (ROIC)	46.15%	59.67%	101.82%	118.67%	86.97%	78.66%	112.12%	82.71%	65.33%	75.19%
ROIC Less NNEP Spread (ROIC-NNEP)	44.92%	59.98%	101.63%	118.09%	89.12%	82.09%	112.02%	82.89%	65.54%	71.60%
Return on Net Nonoperating Assets (RNNOA)	-12.14%	-25.09%	-54.43%	-66.76%	691.46%	86.82%	-69.03%	-29.46%	-18.86%	-37.27%
Return on Equity (ROE)	34.01%	34.58%	47.39%	51.91%	778.43%	165.48%	43.09%	53.24%	46.46%	37.93%
Cash Return on Invested Capital (CROIC)	47.04%	64.28%	93.55%	92.89%	65.62%	95.73%	102.71%	51.97%	68.53%	67.12%
Operating Return on Assets (OROA)	31.91%	33.59%	49.44%	50.56%	40.37%	30.79%	37.84%	40.50%	35.78%	34.19%
Return on Assets (ROA)	20.96%	22.12%	32.46%	36.85%	30.92%	23.61%	28.88%	30.93%	27.28%	26.29%
Return on Common Equity (ROCE)	33.93%	34.54%	47.36%	51.88%	771.98%	165.16%	43.07%	53.22%	46.44%	37.91%
Return on Equity Simple (ROE_SIMPLE)	33.37%	30.42%	43.58%	45.19%	42.48%	28.73%	48.92%	66.20%	38.17%	31.59%
Net Operating Profit after Tax (NOPAT)	49	61	107	149	138	127	174	159	142	168
NOPAT Margin	7.56%	8.72%	12.92%	15.25%	13.59%	12.71%	16.22%	13.95%	12.14%	14.10%
Net Nonoperating Expense Percent (NNEP)	1.23%	-0.31%	0.19%	0.58%	-2.15%	-3.42%	0.10%	-0.19%	-0.21%	3.59%
Cost of Revenue to Revenue	66.07%	65.74%	60.57%	59.91%	62.10%	63.00%	60.68%	63.29%	66.17%	64.05%
SG&A Expenses to Revenue	22.48%	21.05%	19.78%	19.16%	20.16%	20.43%	18.07%	18.45%	17.91%	17.62%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.48%	21.05%	19.78%	19.16%	20.16%	20.43%	18.07%	18.45%	17.91%	17.62%
Earnings before Interest and Taxes (EBIT)	75	93	163	205	184	169	228	208	186	230
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	87	105	176	219	199	200	259	239	220	264
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	4.57	12.00	16.05	11.63	6.80
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	4.72	12.52	17.10	12.11	6.98
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	2.06	3.98	3.37	3.69	3.19
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	15.89	24.52	24.22	30.46	21.52
Dividend Yield	0.00%	0.00%	4.02%	7.80%	11.40%	0.00%	0.00%	7.29%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	6.29%	4.08%	4.13%	3.28%	4.65%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	11.91	25.10	17.26	19.46	14.95
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	1.76	3.80	3.36	3.56	2.92
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	8.80	15.72	15.96	18.99	13.16
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	10.39	17.87	18.41	22.38	15.12
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	13.85	23.44	24.08	29.31	20.69
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	9.91	21.04	28.71	25.81	17.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	11.38	25.58	38.32	27.94	23.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.00	0.00
Long-Term Debt to Equity	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.00	0.00
Financial Leverage	-0.27	-0.42	-0.54	-0.57	7.76	1.06	-0.62	-0.36	-0.29	-0.52
Leverage Ratio	1.62	1.56	1.46	1.41	25.17	7.01	1.49	1.72	1.70	1.44
Compound Leverage Factor	1.61	1.56	1.46	1.41	25.17	7.01	1.49	1.72	1.70	1.44
Debt to Total Capital	6.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.13%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	6.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.13%	0.00%	0.00%
Preferred Equity to Total Capital	0.17%	0.07%	0.06%	0.05%	-0.05%	0.03%	0.04%	0.06%	0.04%	0.03%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.49%	99.93%	99.94%	99.95%	100.05%	99.97%	99.96%	88.81%	99.96%	99.97%
Debt to EBITDA	0.12	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.00	0.00
Net Debt to EBITDA	-0.49	0.00	0.00	0.00	0.00	0.00	0.00	-0.08	0.00	0.00
Long-Term Debt to EBITDA	0.12	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.00	0.00
Debt to NOPAT	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.19	0.00	0.00
Net Debt to NOPAT	-0.87	0.00	0.00	0.00	0.00	0.00	0.00	-0.11	0.00	0.00
Long-Term Debt to NOPAT	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.19	0.00	0.00
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	10.26	17.32	14.96	17.32	14.96
Noncontrolling Interest Sharing Ratio	0.23%	0.12%	0.07%	0.05%	0.83%	0.19%	0.04%	0.05%	0.05%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.53	2.96	3.08	3.37	3.31	3.25	2.48	1.89	2.54	3.89
Quick Ratio	1.70	2.20	2.38	2.62	2.48	2.75	1.90	0.97	1.82	3.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	50	66	98	116	104	155	159	100	149	150
Operating Cash Flow to CapEx	596.61%	669.35%	816.95%	484.85%	363.94%	744.07%	765.83%	459.02%	736.45%	654.28%
Free Cash Flow to Firm to Interest Expense	134.16	326.00	519.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	156.39	396.47	604.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	130.18	337.24	530.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.74	2.55	2.51	2.40	2.23	1.82	1.78	2.22	2.25	1.77
Accounts Receivable Turnover	10.93	11.65	12.49	12.54	11.99	11.79	12.51	12.64	11.82	11.47
Inventory Turnover	9.83	10.20	9.89	10.23	9.57	9.39	9.64	8.24	7.88	8.57
Fixed Asset Turnover	10.79	11.54	13.01	12.93	10.29	8.63	8.52	8.27	8.02	7.73
Accounts Payable Turnover	9.43	9.83	9.32	8.79	8.93	8.97	7.98	7.83	8.60	9.34
Days Sales Outstanding (DSO)	33.39	31.33	29.21	29.12	30.45	30.97	29.17	28.87	30.89	31.82
Days Inventory Outstanding (DIO)	37.14	35.78	36.90	35.67	38.14	38.86	37.86	44.29	46.30	42.61
Days Payable Outstanding (DPO)	38.71	37.14	39.17	41.51	40.88	40.70	45.76	46.64	42.42	39.07
Cash Conversion Cycle (CCC)	31.82	29.98	26.95	23.29	27.72	29.12	21.27	26.53	34.76	35.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	105	101	109	142	175	148	162	221	214	232
Invested Capital Turnover	6.10	6.85	7.88	7.78	6.40	6.19	6.91	5.93	5.38	5.33
Increase / (Decrease) in Invested Capital	-0.94	-4.75	8.67	32	34	-28	15	59	-6.98	18
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	1,761	4,076	3,822	4,172	3,476
Market Capitalization	0.00	0.00	0.00	0.00	0.00	2,065	4,270	3,840	4,330	3,803
Book Value per Share	$3.18	$4.43	$5.27	$7.11	($6.33)	$9.70	$3.81	$2.56	$3.99	$5.98
Tangible Book Value per Share	$2.86	$4.11	$4.95	$6.79	($6.65)	$9.38	$3.66	$2.41	$3.83	$5.82
Total Capital	158	206	246	331	-295	452	356	269	372	560
Total Debt	10	0.00	0.00	0.00	0.00	0.00	0.00	30	0.00	0.00
Total Long-Term Debt	10	0.00	0.00	0.00	0.00	0.00	0.00	30	0.00	0.00
Net Debt	-42	-106	-136	-190	-156	-305	-194	-18	-158	-327
Capital Expenditures (CapEx)	9.73	12	14	32	38	24	25	29	22	30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	49	42	45	58	68	15	24	81	64	72
Debt-free Net Working Capital (DFNWC)	101	148	181	248	224	319	218	129	222	399
Net Working Capital (NWC)	101	148	181	248	224	319	218	129	222	399
Net Nonoperating Expense (NNE)	-0.48	0.23	-0.23	-0.95	-3.02	-2.84	-0.24	0.20	0.18	-8.72
Net Nonoperating Obligations (NNO)	-42	-106	-136	-190	471	-305	-194	-18	-158	-327
Total Depreciation and Amortization (D&A)	12	12	13	13	15	31	31	32	33	34
Debt-free, Cash-free Net Working Capital to Revenue	7.59%	6.03%	5.41%	5.99%	6.73%	1.45%	2.25%	7.13%	5.46%	6.03%
Debt-free Net Working Capital to Revenue	15.71%	21.01%	21.90%	25.45%	22.13%	31.89%	20.31%	11.35%	18.93%	33.48%
Net Working Capital to Revenue	15.71%	21.01%	21.90%	25.45%	22.13%	31.89%	20.31%	11.35%	18.93%	33.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.53	$0.66	$1.15	$1.61	$1.51	$1.40	$1.87	$1.70	$1.52	$1.89
Adjusted Weighted Average Basic Shares Outstanding	92.71M	92.90M	93.13M	93.20M	93.27M	93.26M	93.28M	93.32M	93.35M	93.43M
Adjusted Diluted Earnings per Share	$0.53	$0.66	$1.15	$1.60	$1.50	$1.39	$1.86	$1.69	$1.52	$1.89
Adjusted Weighted Average Diluted Shares Outstanding	93.12M	93.34M	93.54M	93.84M	93.83M	93.66M	93.62M	93.60M	93.61M	93.63M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$1.40	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	92.80M	93.11M	93.17M	93.24M	93.29M	93.25M	93.31M	93.34M	93.35M	93.58M
Normalized Net Operating Profit after Tax (NOPAT)	49	61	107	149	138	127	174	159	142	168
Normalized NOPAT Margin	7.56%	8.72%	12.92%	15.25%	13.59%	12.71%	16.22%	13.95%	12.14%	14.10%
Pre Tax Income Margin	11.57%	13.15%	19.69%	21.06%	18.13%	16.94%	21.28%	18.24%	15.90%	19.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	202.38	457.67	862.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	131.62	302.60	565.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	176.17	398.44	788.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	105.40	243.37	491.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.48%	0.30%	65.25%	46.66%	96.02%	0.00%	160.71%	176.64%	0.00%	0.00%
Augmented Payout Ratio	0.48%	0.30%	65.25%	46.66%	96.02%	4.80%	160.71%	176.64%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from National Beverage's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.05%	5.82%	3.69%	0.87%	1.92%	0.15%	0.59%	3.70%	1.61%	-2.96%	-1.12%
EBITDA Growth	-29.96%	-6.74%	10.45%	5.31%	33.50%	18.37%	10.25%	18.32%	12.74%	4.16%	2.63%
EBIT Growth	-34.02%	-8.82%	10.59%	6.67%	40.46%	21.29%	11.65%	19.52%	13.34%	4.53%	3.64%
NOPAT Growth	-34.01%	-8.42%	9.19%	6.93%	35.31%	15.90%	11.91%	9.17%	11.19%	6.26%	1.41%
Net Income Growth	-34.12%	-8.24%	10.60%	5.70%	39.99%	21.48%	15.22%	20.43%	14.40%	4.22%	0.13%
EPS Growth	6,451.72%	-99.07%	11,112.12%	5.41%	-98.61%	20.51%	-98.86%	-24,094.87%	15.09%	4.26%	0.00%
Operating Cash Flow Growth	-28.31%	42.02%	355.60%	21.76%	72.69%	-23.32%	17.96%	22.32%	-18.03%	33.45%	31.42%
Free Cash Flow Firm Growth	-120.58%	-59.70%	230.19%	278.76%	681.25%	238.35%	-9.52%	-49.39%	-59.17%	-33.21%	-19.79%
Invested Capital Growth	27.83%	16.50%	2.46%	-3.15%	-4.20%	8.40%	5.46%	8.42%	15.18%	12.67%	7.61%
Revenue Q/Q Growth	11.93%	-5.81%	-10.40%	6.78%	13.09%	-7.45%	-10.00%	10.09%	10.82%	-11.62%	-8.29%
EBITDA Q/Q Growth	3.64%	0.71%	-3.66%	4.72%	31.38%	-10.70%	-10.27%	12.39%	25.19%	-17.50%	-11.59%
EBIT Q/Q Growth	2.84%	1.33%	-4.45%	7.14%	35.42%	-12.51%	-12.04%	14.70%	28.42%	-19.31%	-12.79%
NOPAT Q/Q Growth	3.06%	1.30%	-5.52%	8.41%	30.42%	-13.23%	-8.78%	5.76%	32.83%	-17.08%	-12.94%
Net Income Q/Q Growth	3.23%	1.67%	-4.67%	5.65%	36.71%	-11.77%	-9.58%	10.43%	29.87%	-19.62%	-13.13%
EPS Q/Q Growth	10,170.27%	-98.97%	9,387.18%	-98.95%	35.90%	-11.32%	-10.64%	-322.81%	100.65%	-19.67%	-14.29%
Operating Cash Flow Q/Q Growth	0.09%	2.47%	-27.89%	64.62%	41.96%	-54.50%	10.94%	70.71%	-4.87%	-25.93%	9.25%
Free Cash Flow Firm Q/Q Growth	60.14%	174.71%	293.01%	52.75%	29.60%	-56.51%	5.10%	-14.56%	4.55%	-28.86%	26.22%
Invested Capital Q/Q Growth	-6.03%	-2.67%	9.23%	-3.06%	-7.05%	10.13%	6.27%	-0.34%	-1.25%	7.73%	1.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.25%	33.37%	35.35%	35.74%	35.31%	35.94%	35.93%	36.69%	37.16%	37.55%	37.05%
EBITDA Margin	17.30%	18.49%	19.88%	19.50%	22.65%	21.86%	21.79%	22.25%	25.13%	23.46%	22.62%
Operating Margin	14.61%	15.66%	16.55%	17.04%	19.46%	18.10%	17.84%	17.80%	21.10%	19.87%	18.94%
EBIT Margin	14.58%	15.69%	16.73%	16.79%	20.10%	19.00%	18.57%	19.35%	22.42%	20.47%	19.46%
Profit (Net Income) Margin	11.15%	12.03%	12.80%	12.66%	15.31%	14.59%	14.66%	14.71%	17.23%	15.67%	14.84%
Tax Burden Percent	76.42%	76.68%	76.50%	75.44%	76.16%	76.80%	78.95%	76.01%	76.87%	76.58%	76.27%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	23.58%	23.32%	23.50%	24.56%	23.84%	23.20%	21.05%	23.99%	23.13%	23.42%	23.73%
Return on Invested Capital (ROIC)	68.92%	74.09%	67.81%	69.19%	85.80%	77.69%	73.21%	72.17%	90.53%	77.46%	70.70%
ROIC Less NNEP Spread (ROIC-NNEP)	68.96%	74.06%	67.13%	69.81%	84.68%	76.46%	72.43%	70.73%	88.31%	76.72%	70.20%
Return on Net Nonoperating Assets (RNNOA)	-30.93%	-37.69%	-13.37%	-20.09%	-34.41%	-34.14%	-33.69%	-36.82%	-36.33%	-33.43%	-32.86%
Return on Equity (ROE)	37.99%	36.41%	54.44%	49.10%	51.40%	43.55%	39.52%	35.35%	54.20%	44.03%	37.84%
Cash Return on Invested Capital (CROIC)	51.30%	57.62%	61.62%	68.53%	80.34%	68.07%	67.16%	67.12%	66.75%	63.49%	65.58%
Operating Return on Assets (OROA)	31.25%	32.08%	41.02%	37.78%	43.24%	38.21%	35.20%	34.29%	46.15%	39.52%	35.11%
Return on Assets (ROA)	23.88%	24.60%	31.38%	28.50%	32.94%	29.35%	27.79%	26.07%	35.47%	30.27%	26.78%
Return on Common Equity (ROCE)	37.97%	36.39%	54.41%	49.07%	51.37%	43.54%	39.51%	35.34%	54.18%	44.01%	37.83%
Return on Equity Simple (ROE_SIMPLE)	53.07%	46.39%	41.30%	0.00%	37.04%	35.12%	33.18%	0.00%	59.98%	51.57%	46.42%
Net Operating Profit after Tax (NOPAT)	36	36	34	37	48	42	38	40	53	44	39
NOPAT Margin	11.17%	12.01%	12.66%	12.85%	14.82%	13.90%	14.09%	13.53%	16.22%	15.22%	14.45%
Net Nonoperating Expense Percent (NNEP)	-0.04%	0.03%	0.68%	-0.62%	1.13%	1.23%	0.79%	1.44%	2.23%	0.73%	0.50%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	7.46%	-	-	-	9.64%
Cost of Revenue to Revenue	68.75%	66.63%	64.65%	64.26%	64.69%	64.06%	64.07%	63.31%	62.84%	62.45%	62.95%
SG&A Expenses to Revenue	16.64%	17.71%	18.80%	18.70%	15.85%	17.85%	18.09%	18.89%	16.06%	17.68%	18.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.64%	17.71%	18.80%	18.70%	15.85%	17.85%	18.09%	18.89%	16.06%	17.68%	18.11%
Earnings before Interest and Taxes (EBIT)	46	47	45	48	65	57	50	58	74	60	52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	55	55	53	56	73	66	59	66	83	68	60
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	19.16	14.80	11.84	11.63	10.92	8.44	8.06	6.80	15.26	11.79	9.89
Price to Tangible Book Value (P/TBV)	20.29	15.58	12.38	12.11	11.32	8.71	8.30	6.98	16.03	12.29	10.26
Price to Revenue (P/Rev)	4.42	3.76	3.43	3.69	3.91	3.34	3.48	3.19	3.91	3.57	3.34
Price to Earnings (P/E)	36.08	31.89	28.65	30.46	29.48	24.01	24.28	21.52	25.44	22.85	21.29
Dividend Yield	5.54%	6.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.50%	7.17%	7.69%
Earnings Yield	2.77%	3.14%	3.49%	3.28%	3.39%	4.16%	4.12%	4.65%	3.93%	4.38%	4.70%
Enterprise Value to Invested Capital (EV/IC)	24.04	21.11	17.63	19.46	22.01	16.82	16.44	14.95	20.04	16.71	15.16
Enterprise Value to Revenue (EV/Rev)	4.37	3.68	3.33	3.56	3.72	3.13	3.25	2.92	3.84	3.48	3.21
Enterprise Value to EBITDA (EV/EBITDA)	23.17	20.17	17.97	18.99	18.42	14.87	15.11	13.16	16.83	14.96	13.71
Enterprise Value to EBIT (EV/EBIT)	27.23	23.86	21.25	22.38	21.37	17.16	17.39	15.12	19.28	17.14	15.67
Enterprise Value to NOPAT (EV/NOPAT)	35.62	31.18	27.86	29.31	28.32	22.99	23.28	20.69	26.53	23.48	21.56
Enterprise Value to Operating Cash Flow (EV/OCF)	42.71	33.03	25.51	25.81	22.94	20.34	20.52	17.56	24.83	21.09	18.38
Enterprise Value to Free Cash Flow (EV/FCFF)	52.58	39.42	28.95	27.94	26.81	25.71	25.13	23.18	32.14	27.88	23.97
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.45	-0.51	-0.20	-0.29	-0.41	-0.45	-0.47	-0.52	-0.41	-0.44	-0.47
Leverage Ratio	1.59	1.48	1.75	1.70	1.60	1.54	1.47	1.44	1.60	1.49	1.44
Compound Leverage Factor	1.59	1.48	1.75	1.70	1.60	1.54	1.47	1.44	1.60	1.49	1.44
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.06%	0.05%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.05%	0.04%	0.04%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.94%	99.95%	99.96%	99.96%	99.96%	99.97%	99.97%	99.97%	99.95%	99.96%	99.96%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	19.79	16.58	16.71	16.53	16.25	15.02	15.19	14.22	16.86	16.65	15.88
Noncontrolling Interest Sharing Ratio	0.04%	0.04%	0.06%	0.05%	0.04%	0.04%	0.04%	0.03%	0.04%	0.04%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.92	2.02	2.58	2.54	2.75	3.20	3.68	3.89	1.99	2.54	2.95
Quick Ratio	1.18	1.31	1.72	1.82	2.11	2.44	2.85	3.12	1.31	1.66	2.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9.77	7.30	29	44	57	25	26	22	23	16	21
Operating Cash Flow to CapEx	1,558.60%	779.27%	694.15%	510.40%	1,287.50%	438.17%	529.48%	558.15%	1,552.77%	616.72%	456.01%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.14	2.04	2.45	2.25	2.15	2.01	1.90	1.77	2.06	1.93	1.80
Accounts Receivable Turnover	11.51	12.31	13.06	11.82	11.34	11.76	11.88	11.47	10.70	11.89	12.30
Inventory Turnover	9.38	9.21	8.54	7.88	8.37	8.39	8.33	8.57	8.28	8.16	8.58
Fixed Asset Turnover	8.35	8.50	8.41	8.02	8.09	8.00	7.96	7.73	7.78	7.61	7.42
Accounts Payable Turnover	9.34	8.81	11.32	8.60	9.39	9.24	10.67	9.34	9.43	10.03	10.96
Days Sales Outstanding (DSO)	31.72	29.66	27.95	30.89	32.19	31.05	30.72	31.82	34.11	30.70	29.67
Days Inventory Outstanding (DIO)	38.90	39.63	42.74	46.30	43.62	43.52	43.81	42.61	44.06	44.72	42.54
Days Payable Outstanding (DPO)	39.09	41.41	32.24	42.42	38.89	39.49	34.20	39.07	38.69	36.41	33.29
Cash Conversion Cycle (CCC)	31.53	27.88	38.45	34.76	36.92	35.08	40.33	35.35	39.49	39.01	38.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	208	202	221	214	199	219	233	232	230	247	251
Invested Capital Turnover	6.17	6.17	5.36	5.38	5.79	5.59	5.20	5.33	5.58	5.09	4.89
Increase / (Decrease) in Invested Capital	45	29	5.30	-6.98	-8.74	17	12	18	30	28	18
Enterprise Value (EV)	5,001	4,274	3,899	4,172	4,386	3,692	3,834	3,476	4,600	4,132	3,806
Market Capitalization	5,057	4,366	4,017	4,330	4,609	3,940	4,111	3,803	4,677	4,244	3,955
Book Value per Share	$2.83	$3.16	$3.64	$3.99	$4.52	$5.00	$5.46	$5.98	$3.27	$3.85	$4.27
Tangible Book Value per Share	$2.67	$3.00	$3.48	$3.83	$4.36	$4.84	$5.30	$5.82	$3.12	$3.69	$4.12
Total Capital	264	295	340	372	422	467	510	560	307	360	400
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-56	-93	-118	-158	-223	-248	-277	-327	-77	-113	-149
Capital Expenditures (CapEx)	2.61	5.34	4.32	9.68	5.45	7.28	6.69	11	3.70	6.91	10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	66	58	80	64	52	66	79	72	69	84	84
Debt-free Net Working Capital (DFNWC)	122	151	198	222	275	314	356	399	146	197	233
Net Working Capital (NWC)	122	151	198	222	275	314	356	399	146	197	233
Net Nonoperating Expense (NNE)	0.06	-0.07	-0.37	0.55	-1.57	-2.09	-1.55	-3.49	-3.34	-1.32	-1.07
Net Nonoperating Obligations (NNO)	-56	-93	-118	-158	-223	-248	-277	-327	-77	-113	-149
Total Depreciation and Amortization (D&A)	8.63	8.40	8.47	7.78	8.29	8.58	8.71	8.63	8.95	8.73	8.43
Debt-free, Cash-free Net Working Capital to Revenue	5.74%	5.03%	6.84%	5.46%	4.40%	5.62%	6.70%	6.03%	5.74%	7.07%	7.07%
Debt-free Net Working Capital to Revenue	10.64%	13.00%	16.95%	18.93%	23.29%	26.62%	30.15%	33.48%	12.18%	16.56%	19.66%
Net Working Capital to Revenue	10.64%	13.00%	16.95%	18.93%	23.29%	26.62%	30.15%	33.48%	12.18%	16.56%	19.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.38	$39.00	$0.37	$0.39	$53.00	$0.47	$42.00	($93.58)	$0.61	$0.49	$0.42
Adjusted Weighted Average Basic Shares Outstanding	93.34M	93.34K	93.35M	93.35M	93.35M	93.36M	93.45M	93.43M	93.57M	93.61M	93.62M
Adjusted Diluted Earnings per Share	$0.38	$39.00	$0.37	$0.39	$53.00	$0.47	$42.00	($93.58)	$0.61	$0.49	$0.42
Adjusted Weighted Average Diluted Shares Outstanding	93.60M	93.60K	93.61M	93.61M	93.61M	93.60M	93.64M	93.63M	93.67M	93.69M	93.69M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.39	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	93.34M	93.35M	93.35M	93.35M	93.35M	93.39M	93.54M	93.58M	93.61M	93.61M	93.62M
Normalized Net Operating Profit after Tax (NOPAT)	36	36	34	37	48	42	38	40	53	44	39
Normalized NOPAT Margin	11.17%	12.01%	12.66%	12.85%	14.82%	13.90%	14.09%	13.53%	16.22%	15.22%	14.45%
Pre Tax Income Margin	14.58%	15.69%	16.73%	16.79%	20.10%	19.00%	18.57%	19.35%	22.42%	20.47%	19.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	165.40%	163.76%	163.71%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	165.40%	163.76%	163.71%

Frequently Asked Questions About National Beverage's Financials

When does National Beverage's fiscal year end?

According to the most recent income statement we have on file, National Beverage's financial year ends in April. Their financial year 2024 ended on April 27, 2024.

How has National Beverage's net income changed over the last 9 years?

National Beverage's net income appears to be on an upward trend, with a most recent value of $176.73 million in 2024, rising from $49.31 million in 2015. The previous period was $142.16 million in 2023.

What is National Beverage's operating income?

National Beverage's total operating income in 2024 was $218.51 million, based on the following breakdown:

Total Gross Profit: $428.45 million
Total Operating Expenses: $209.94 million

How has National Beverage revenue changed over the last 9 years?

Over the last 9 years, National Beverage's total revenue changed from $645.83 million in 2015 to $1.19 billion in 2024, a change of 84.5%.

How much debt does National Beverage have?

National Beverage's total liabilities were at $210.64 million at the end of 2024, a 4.4% increase from 2023, and a 110.7% increase since 2015.

How much cash does National Beverage have?

In the past 9 years, National Beverage's cash and equivalents has ranged from $48.05 million in 2022 to $327.05 million in 2024, and is currently $327.05 million as of their latest financial filing in 2024.

How has National Beverage's book value per share changed over the last 9 years?

Over the last 9 years, National Beverage's book value per share changed from 3.18 in 2015 to 5.98 in 2024, a change of 88.0%.

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This page (NASDAQ:FIZZ) was last updated on 4/14/2025 by MarketBeat.com Staff

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National Beverage (FIZZ) Financials

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National Beverage (FIZZ) Financials

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