# National Beverage Corp. (FIZZ) · Edgar & Edgarette company card

> National Beverage (FIZZ) saw revenue fall 1.7% in FY2026 to $1.2 billion, operating margin 19.5% against a 7.4% median for bottled & canned soft drinks & carbonated waters, equity 74.6% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 69891 · fiscal year ended 2026-05-02 · 5 audited years read · [page](https://www.pops4.com/boards/company/FIZZ) · [JSON](https://www.pops4.com/boards/company/FIZZ.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.2B |
| Revenue growth, 1 year | -1.7% |
| Revenue growth per year | 0.9% |
| Operating margin | 19.5% (prior year 19.6%) |
| Net margin | 15.6% |
| Operating cash flow | $181M |
| Capital spending | $25M |
| Free cash flow | $156M |
| Cash | $350M |
| Long-term debt | — |
| Total assets | $852M |
| Total equity | $636M |
| Equity ÷ assets | 74.6% |
| Return on equity | 28.9% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 10.74 (safe zone)
- Piotroski F: 6 of 9 (solid)
- Beneish M: -2.53 (below the −1.78 line)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $1.2B (FY2026). Experience: revenue down 1.7% on the year, up 0.9% a year over 4 years; operating margin 19.5%, down from 19.6%. Soundness: equity 74.6% of assets, return on equity 28.9%, payout 0.0% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.1B and $1.2B next year (method v4.1: its own 5-year record of growth weighed at 57% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $990.6M to $1.3B. A statistical range, not company guidance. Against peers (15 filers, $50M+ revenue, its industry group): operating margin 19.5% against a 7.4% median; growth -1.7% against 2.3%.

Range logged 2026-09-24, receipt bfab0073dc6b86d2, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-10-05 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/69891/000143774926032043/0001437749-26-032043-index.htm)
- 8-K · filed 2026-09-11 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/69891/000143774926030186/0001437749-26-030186-index.htm)
- 10-Q · filed 2026-09-10 · [filing](https://www.sec.gov/Archives/edgar/data/69891/000143774926030095/0001437749-26-030095-index.htm)
- DEF 14A · filed 2026-08-28 · [filing](https://www.sec.gov/Archives/edgar/data/69891/000143774926029176/0001437749-26-029176-index.htm)
- 8-K · filed 2026-07-02 · 2.02 Results of Operations and Financial Condition; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/69891/000143774926022532/0001437749-26-022532-index.htm)
- 10-K · filed 2026-07-01 · [filing](https://www.sec.gov/Archives/edgar/data/69891/000143774926022315/0001437749-26-022315-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000069891.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=69891

## Cite

POPS4, Edgar & Edgarette: National Beverage Corp. (FIZZ) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/FIZZ. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.