Is the business good?
How good a business is FIZZ?
National Beverage Corp. earns 64% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
64%
Return on invested capital · cost of capital 9.0% · 55 points above what the capital costs: growth creates value
- Operating margin
- 19%
Operating margin · Beverages - Non-Alcoholic median 16% · 12 months to Q4 2026
- Cash conversion
- 0.85×
Cash conversion · 0.91× a year ago · some of the reported profit has not turned into cash yet
- Gross margin
- 37%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | 21% |
| FY2022 | 18% |
| FY2023 | 16% |
| FY2024 | 18% |
| FY2025 | 20% |
| FY2026 | 19% |
Details›
- Gross margin12 months to Q4 2026
- 37%
- Operating margin12 months to Q4 2026
- 19%
- Net margin12 months to Q4 2026
- 16%
- Free cash flow margin
- 13%
- Revenue, trailing twelve months
- $1.18B
- Free cash flow, trailing twelve months
- $156M
- Net income, trailing twelve months
- $184M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 64%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Beverages - Non-Alcoholic
Ranks #7 of 10 by Smart Score