National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix brands; non-carbonated water under the Clear Fruit; energy drink and shots under the Rip It brand; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr. Pure brands; and carbonated soft drinks under Shasta and Faygo brands. It serves retailers, as well as various smaller up-and-down-the-street accounts through the take-home, convenience, and food-service distribution channels. The company was incorporated in 1985 and is headquartered in Fort Lauderdale, Florida. National Beverage Corp. is a subsidiary of IBS Partners, Ltd.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $256M | $187M | $170M | 42.1% | 0.8% | 5.7% |
| 2024 | $1.2B | $239M | $177M | $168M | 31.6% | 1.6% | 24.3% |
| 2023 | $1.2B | $207M | $142M | $140M | 38.2% | 3.1% | -10.3% |
| 2022 | $1.1B | $226M | $159M | $104M | 66.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,138.01 | 1,172.93 | 1,191.69 | 1,201.35 |
| Cost Of Revenue | 720.21 | 776.14 | 763.24 | 757.41 |
| Gross Profit | 417.80 | 396.79 | 428.45 | 443.94 |
| Operating Expense | 209.95 | 210.10 | 209.94 | 208.48 |
| Operating Income | 207.86 | 186.68 | 218.51 | 235.46 |
| EBITDA | 226.40 | 206.72 | 238.67 | 256.26 |
| EBIT | 207.86 | 186.68 | 218.51 | 235.46 |
| Pretax Income | 207.60 | 186.44 | 229.85 | 244.56 |
| Tax Provision | 49.08 | 44.28 | 53.12 | 57.74 |
| Net Income | 158.51 | 142.16 | 176.73 | 186.82 |
| Net Income Common Stockholders | 158.51 | 142.16 | 176.73 | 186.82 |
| Total Expenses | 930.16 | 986.25 | 973.18 | 965.90 |
| Interest Income | 0.10 | 2.30 | 12.20 | 9.30 |
| Selling General And Administration | 209.95 | 210.10 | 209.94 | 208.48 |
| Normalized EBITDA | 226.40 | 206.72 | 238.67 | 256.26 |
| Normalized Income | 158.51 | 142.16 | 176.73 | 186.82 |
| Market Cap | 3,202.22 | 3,202.22 | 3,202.22 | 3,202.22 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| National Beverage Corp.this co. | FIZZ | $3.2B | 17.14β discount | 7.21 | 42.1% | 12.02 |
| Covista Inc. | CVSA | $4.0B | 15.67 | 2.59 | 16.5% | 10.04 |
| Cal-Maine Foods, Inc. | CALM | $3.7B | 2.96 | 1.41 | 47.6% | - |
| Freshpet, Inc. | FRPT | $3.2B | 23.32 | 2.68 | 11.5% | 19.83 |
| Interparfums, Inc. | IPAR | $2.9B |
| 17.37 |
| 3.32 |
| 19.1% |
| 9.79 |
| The Vita Coco Company, Inc. | COCO | $2.9B | 40.33 | 8.68 | 21.5% | 32.23 |
| The Andersons, Inc. | ANDE | $2.6B | 27.01 | 2.08 | 7.7% | 10.66 |
| The Chefs' Warehouse, Inc. | CHEF | $2.5B | 36.89 | 4.42 | 12.0% | 15.78 |
| Central Garden & Pet Company | CENT | $2.4B | 14.72 | 1.51 | 10.3% | 8.22 |
| Peer Median | - | 20.35 | 2.64 | 14.3% | 10.66 | |