Company Analysis

National Beverage Corp. (FIZZ)

Nasdaq: FIZZ · Bottled & Canned Soft Drinks & Carbonated Waters · Ft. Lauderdale, FL · filing with the SEC since 1994
Grade5.3
◀ Past 4.5● Present 6.2▶ Future 4.8
1 est.

The grade of National Beverage Corp.

Nine metrics read from its own filings, by tense
Headline grade
5.3/10
◀ Past4.530% of the headline
● Present6.240% of the headline
▶ Future4.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.5/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.2/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2024-11-06.

weight 33% of this tense · 32nd percentile among 11 sector filers · read for itself

From the record

National Beverage Corp.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2024-11-06) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.9/10

What has it actually done, year after year?

+4% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 49th percentile among 11 sector filers · read for its customers

From the record

National Beverage Corp.'s 10 filed years say what it did: revenue went from $827 million in fiscal 2017 to $1.2 billion in fiscal 2026, up 4% a year; it rose in 7 of 9 years; the deepest fall was 2% from fiscal 2025 to fiscal 2026; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span4.0%bottom 14% of its family
  • the share of years revenue rosebottom 41% of its family
  • the share of filed years with a profittop 27% of its family
  • the deepest fall from a revenue peak1.7%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.6/10

How has it treated the people who own it?

Share count steady. 52% of cash flow returned. Insiders: 0 sales, 1 purchases.

weight 22% of this tense · 56th percentile among 7 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-05-02, National Beverage Corp.'s diluted share count held steady, and dividends and buybacks returned about 52% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $8 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 39% of its family
  • cash returned against operating cash flowtop 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
8.3/10

Is it financially healthy right now?

ROE 29%: 29¢ of profit per shareholder dollar. Leverage 25%: owes 25¢ per asset dollar.

weight 45% of this tense · 83rd percentile among 11 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-05-02, National Beverage Corp. earned about 29 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 51 cents per dollar of everything the company owns. Leverage: it owed about 25 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 14% of its family
  • return on equitytop 5% of its family
  • gross profit against assetstop 23% of its family
  • the share count against the year beforetop 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.0/10

How strong is its position in its industry?

top 50% of 11 in its family; net margin 15.6%.

weight 33% of this tense · 50th percentile among 11 sector filers · read for its customers

From the record

National Beverage Corp.'s standing among 11 graded names in its industry family: revenue of $1.2 billion in fiscal 2026 ranks in the bottom 42% by size; a net margin of 15.6% ranks in the top 14%; revenue growth of 0.2% a year over the last 3 filed years ranks in the bottom 23% (its annual reports).

What it rests on

  • revenue against the family$1.18Bbottom 42% of its family
  • net margin15.6%top 14% of its family
  • three-year revenue growth0.2%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
3.7/10

What are the people in charge doing?

SI estimate 3.7/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 6 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 6 members with one.
What the record cannot read
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
How it was reasoned
family median, 6 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: National Beverage Corp.'s leadership is put at 3.7 of 10 with a confidence of 20 of 100, because fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 6 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.8/10

How much room does it have to grow?

top 32% of 11 in its family for room to expand.

weight 45% of this tense · 68th percentile among 11 sector filers · read for itself

From the record

National Beverage Corp.'s room to grow, from the newest filed statements (fiscal 2026): cash of $350 million against no long-term debt tagged leaves 41% of its assets as net cash, top 5% of its family; cash from operations less capital spending is 13.2% of revenue (top 15%); a gross margin of 37% (bottom 23%) (its annual report).

What it rests on

  • cash less debt against assets41.0%top 5% of its family
  • cash from operations less capital spending against revenue13.2%top 15% of its family
  • gross margin37.0%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.9/10

What could actually drive growth from here?

bottom 29% of 11 in its family for growth drivers.

weight 33% of this tense · 29th percentile among 11 sector filers · read for its customers

From the record

National Beverage Corp.'s growth drivers, from the filed years to fiscal 2026: revenue grew 0.2% a year over the last three filed years against 4% over all 10, slowing (bottom 32% of its family); the newest year grew -1.7% (bottom 14%); capital spending grew 4.6% a year (bottom 41%) (its annual reports). National Beverage Corp. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-3.8 points a yearbottom 32% of its family
  • the newest year's revenue growth-1.7%bottom 14% of its family
  • three-year growth of capital spending4.6%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.8/10

Did its newest year beat what its own record pointed to?

bottom 38% of 11 in its family for expectations against reality.

weight 22% of this tense · 38th percentile among 11 sector filers · read for its shareholders

From the record

National Beverage Corp.'s newest year against its own record: revenue of $1.2 billion in fiscal 2026 came in 2.9% below the $1.2 billion its prior three years' pace pointed to (bottom 41% of its family); net income of $184 million against a prior three-year average of $169 million (bottom 23%); a net margin of 15.6% against 14.2% before (top 50%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-2.9%bottom 41% of its family
  • net income against the prior three years' average+9%bottom 23% of its family
  • net margin against its prior average+1.4 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FIZZ · research, not advice