National Beverage Corp.

FIZZNASDAQConsumer Defensive● Active

$35.76

$-0.76(-2.07%)

Market Cap$3.3B

P/E Ratio—

52W High$47.89

52W Low$31.21

Avg Volume260K

Open$36.17

Beta0.73

Overview

National Beverage Corp. (FIZZ) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FIZZ · free cash flow · updated Jun 8, 2026

Core FCF metrics

FIZZ · FCF · TTM · margin & CAGR

Free cash flow was $170.4M for FY2025 (fiscal year ending 2025-04-30), up 1.7% year-over-year The FCF margin was 14.2%. Five-year CAGR stands at +2.1%.

FY2025 Free Cash Flow$170.4M▲ +1.7% YoY

Trailing 12M (TTM)$165.1Mtrailing 4 quarters sum

FCF Margin14.2%$170.4M ÷ revenue

3-Year CAGR+17.9%FY2022 → FY2025

5-Year CAGR+2.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FIZZ · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$206.7M(36M)$170.4M▲ +1.7%14.2%

FY2024$197.9M(30M)$167.6M▲ +20.0%14.1%

FY2023$161.7M(22M)$139.7M▲ +34.2%11.9%

FY2022$133.1M(29M)$104.1M▼ 38.2%9.2%

FY2021$193.8M(25M)$168.5M▲ +9.5%15.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FIZZ · P/FCF · FCF yield · FCF per share

National Beverage Corp. (FIZZ) trades at a FCF yield of 4.93% and a price-to-free-cash-flow ratio of 20.3x. FCF per share stands at $1.76, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.93%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.76

TTM FCF ÷ Shares Outstanding

Price / FCF

x20.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x18.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-04-30

Cash flow statement summary

FIZZ · cash flow statement · operating / investing / financing

For FY2025, National Beverage Corp. generated $206.7M in operating cash flow and spent 36M in capital expenditures, yielding $170.4M in free cash flow.

Operating Activities

+$206.7M

Cash from core business operations

2025-04-30

Investing Activities

−$36.3M

CapEx, acquisitions & investments

2025-04-30

Financing Activities

−$303.6M

Buybacks, dividends & debt

2025-04-30

FCF FormulaOperating CF ($206.7M) − |CapEx| (36M) = FCF ($170.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

FIZZ vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

National Beverage Corp.YOU

FIZZ

$170.4M+1.7%14.2%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

National Beverage Corp. (FIZZ) reported free cash flow of $170.4M for FY2025 (fiscal year ending 2025-04-30), up 1.7% year-over-year. The FCF margin was 14.2%.

Based on available data, National Beverage Corp. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $170.4M in FY2025. The 5-year CAGR stands at +2.1%.

National Beverage Corp.'s FCF yield is 4.93% and price-to-FCF ratio is 20.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FIZZ free cash flow · 8 questions

National Beverage Corp. free cash flow was $170.4M for FY2025, up 1.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $165.1M.

FIZZ free cash flowFIZZ FCFFIZZ FCF 2025FIZZ free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · National Beverage Corp. · National Beverage Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026