National Beverage (FIZZ)
Market Price (2/11/2026): $35.37 | Market Cap: $3.3 BilSector: Consumer Staples | Industry: Soft Drinks & Non-alcoholic Beverages
National Beverage (FIZZ)
Market Price (2/11/2026): $35.37Market Cap: $3.3 BilSector: Consumer StaplesIndustry: Soft Drinks & Non-alcoholic Beverages
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6% | Weak multi-year price returns2Y Excs Rtn is -58%, 3Y Excs Rtn is -84% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -1.0% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 20% | Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.94 | Key risksFIZZ key risks include [1] its challenge in achieving volume growth, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% | ||
| Low stock price volatilityVol 12M is 26% | ||
| Megatrend and thematic driversMegatrends include Health & Wellness Trends. Themes include Functional Foods & Beverages, and Organic & Natural Products. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 20% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Low stock price volatilityVol 12M is 26% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends. Themes include Functional Foods & Beverages, and Organic & Natural Products. |
| Weak multi-year price returns2Y Excs Rtn is -58%, 3Y Excs Rtn is -84% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.94 |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -1.0% |
| Key risksFIZZ key risks include [1] its challenge in achieving volume growth, Show more. |
Qualitative Assessment
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National Beverage (FIZZ) stock has gained about 5% since 10/31/2025 because of the following key factors:
1. Mixed Quarterly Financial Results and Missed Analyst Expectations: National Beverage's financial performance during the period was inconsistent, which likely contributed to its flat stock movement. While the company reported record net sales for its first quarter of fiscal year 2026 (ended August 2, 2025), its revenue still fell short of analyst expectations. Subsequently, the second quarter of fiscal year 2026 (reported December 2025) saw both earnings per share and revenue miss analyst estimates, primarily due to ongoing inflation and cautious consumer spending. This failure to consistently meet market expectations provided no strong catalyst for upward price movement.
2. Broad Industry Headwinds and Cautious Consumer Spending: The broader economic environment presented significant challenges to the beverage industry, including National Beverage. Elevated commodity costs and persistent inflation led to more cautious consumer spending, which directly impacted the company's sales volume and overall growth potential. These macroeconomic pressures created a difficult operating landscape that prevented FIZZ's stock from gaining significant traction.
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1. Mixed Quarterly Financial Results and Missed Analyst Expectations: National Beverage's financial performance during the period was inconsistent, which likely contributed to its flat stock movement. While the company reported record net sales for its first quarter of fiscal year 2026 (ended August 2, 2025), its revenue still fell short of analyst expectations. Subsequently, the second quarter of fiscal year 2026 (reported December 2025) saw both earnings per share and revenue miss analyst estimates, primarily due to ongoing inflation and cautious consumer spending. This failure to consistently meet market expectations provided no strong catalyst for upward price movement.
2. Broad Industry Headwinds and Cautious Consumer Spending: The broader economic environment presented significant challenges to the beverage industry, including National Beverage. Elevated commodity costs and persistent inflation led to more cautious consumer spending, which directly impacted the company's sales volume and overall growth potential. These macroeconomic pressures created a difficult operating landscape that prevented FIZZ's stock from gaining significant traction.
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Stock Movement Drivers
Fundamental Drivers
The 3.2% change in FIZZ stock from 10/31/2025 to 2/10/2026 was primarily driven by a 2.8% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2102026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.27 | 35.38 | 3.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,202 | 1,200 | -0.2% |
| Net Income Margin (%) | 15.5% | 15.6% | 0.6% |
| P/E Multiple | 17.3 | 17.8 | 2.8% |
| Shares Outstanding (Mil) | 94 | 94 | 0.0% |
| Cumulative Contribution | 3.2% |
Market Drivers
10/31/2025 to 2/10/2026| Return | Correlation | |
|---|---|---|
| FIZZ | 3.2% | |
| Market (SPY) | 1.5% | 7.6% |
| Sector (XLP) | 14.3% | 41.6% |
Fundamental Drivers
The -22.8% change in FIZZ stock from 7/31/2025 to 2/10/2026 was primarily driven by a -22.7% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2102026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.82 | 35.38 | -22.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,201 | 1,200 | -0.2% |
| Net Income Margin (%) | 15.6% | 15.6% | 0.0% |
| P/E Multiple | 23.0 | 17.8 | -22.7% |
| Shares Outstanding (Mil) | 94 | 94 | 0.0% |
| Cumulative Contribution | -22.8% |
Market Drivers
7/31/2025 to 2/10/2026| Return | Correlation | |
|---|---|---|
| FIZZ | -22.8% | |
| Market (SPY) | 9.8% | 6.9% |
| Sector (XLP) | 10.0% | 41.6% |
Fundamental Drivers
The -15.9% change in FIZZ stock from 1/31/2025 to 2/10/2026 was primarily driven by a -16.2% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2102026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.05 | 35.38 | -15.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,188 | 1,200 | 1.0% |
| Net Income Margin (%) | 15.6% | 15.6% | -0.5% |
| P/E Multiple | 21.2 | 17.8 | -16.2% |
| Shares Outstanding (Mil) | 94 | 94 | 0.0% |
| Cumulative Contribution | -15.9% |
Market Drivers
1/31/2025 to 2/10/2026| Return | Correlation | |
|---|---|---|
| FIZZ | -15.9% | |
| Market (SPY) | 16.0% | 5.8% |
| Sector (XLP) | 12.5% | 44.0% |
Fundamental Drivers
The -14.2% change in FIZZ stock from 1/31/2023 to 2/10/2026 was primarily driven by a -36.9% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2102026 | Change |
|---|---|---|---|
| Stock Price ($) | 41.25 | 35.38 | -14.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,161 | 1,200 | 3.3% |
| Net Income Margin (%) | 11.8% | 15.6% | 31.9% |
| P/E Multiple | 28.1 | 17.8 | -36.9% |
| Shares Outstanding (Mil) | 93 | 94 | -0.3% |
| Cumulative Contribution | -14.2% |
Market Drivers
1/31/2023 to 2/10/2026| Return | Correlation | |
|---|---|---|
| FIZZ | -14.2% | |
| Market (SPY) | 76.6% | 11.8% |
| Sector (XLP) | 27.1% | 37.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FIZZ Return | 13% | 3% | 7% | -8% | -25% | 10% | -6% |
| Peers Return | 20% | 12% | 12% | -12% | 25% | 8% | 79% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 85% |
Monthly Win Rates [3] | |||||||
| FIZZ Win Rate | 50% | 50% | 42% | 42% | 33% | 100% | |
| Peers Win Rate | 58% | 50% | 53% | 45% | 58% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| FIZZ Max Drawdown | -7% | -15% | -9% | -12% | -25% | -1% | |
| Peers Max Drawdown | -11% | -19% | -15% | -19% | -13% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PEP, KO, KDP, MNST, CELH. See FIZZ Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/10/2026 (YTD)
How Low Can It Go
| Event | FIZZ | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -57.5% | -25.4% |
| % Gain to Breakeven | 135.5% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -27.1% | -33.9% |
| % Gain to Breakeven | 37.1% | 51.3% |
| Time to Breakeven | 17 days | 148 days |
| 2018 Correction | ||
| % Loss | -68.4% | -19.8% |
| % Gain to Breakeven | 216.9% | 24.7% |
| Time to Breakeven | 518 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -53.7% | -56.8% |
| % Gain to Breakeven | 116.0% | 131.3% |
| Time to Breakeven | 786 days | 1,480 days |
Compare to PEP, KO, KDP, MNST, CELH
In The Past
National Beverage's stock fell -57.5% during the 2022 Inflation Shock from a high on 1/27/2021. A -57.5% loss requires a 135.5% gain to breakeven.
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About National Beverage (FIZZ)
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr. Pure brands; and carbonated soft drinks under the 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 based in Fort Lauderdale, Florida.
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Here are 1-2 brief analogies for National Beverage (FIZZ):
- FIZZ is the Monster Beverage for sparkling water.
- FIZZ is like a smaller, more focused Keurig Dr Pepper for niche soda brands and sparkling water.
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- LaCroix Sparkling Water: A popular brand of flavored sparkling water with no artificial sweeteners, sodium, or calories.
- Rip It Energy Fuel: A line of energy drinks known for various flavors and packaging options.
- Everfresh Juices: A brand encompassing various juices, juice drinks, and smoothies.
- Shasta Sodas: A long-standing brand of carbonated soft drinks available in multiple flavors.
- Faygo Beverages: A diverse range of soft drinks, including many unique and traditional flavors.
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National Beverage (FIZZ) Major Customers
National Beverage Corp. (symbol: FIZZ) primarily sells its products to other companies, which then distribute or sell them to individual consumers. However, according to its latest financial filings, no single customer accounts for more than 10% of National Beverage's net sales. This indicates a diversified customer base rather than reliance on a few dominant "major customers" in terms of revenue concentration. Therefore, instead of listing specific major customers, below are the primary categories of companies that purchase and distribute National Beverage's products, along with examples of prominent public companies that operate within these categories and would likely stock FIZZ's brands:
-
Grocery Store Chains: Large supermarket retailers that stock a wide range of food and beverage products for direct sale to consumers.
Examples:- Kroger Co. (KR)
- Ahold Delhaize (ADRNY) - parent company of brands like Food Lion, Hannaford, Giant
-
Mass Merchandisers & Club Stores: Retailers that offer a broad assortment of merchandise, often including groceries, at competitive prices, sometimes requiring membership.
Examples:- Walmart Inc. (WMT)
- Target Corporation (TGT)
- Costco Wholesale Corporation (COST)
- BJ's Wholesale Club Holdings, Inc. (BJ)
-
Drug Store Chains: Retailers primarily focused on pharmacy services and health-related products, but also offering a selection of convenience items, including beverages.
Examples:- CVS Health Corporation (CVS)
- Walgreens Boots Alliance, Inc. (WBA)
-
Wholesalers and Foodservice Distributors: Companies that buy products in bulk and distribute them to smaller retail outlets, restaurants, institutions, or other businesses.
Examples:- Sysco Corporation (SYY)
- US Foods Holding Corp. (USFD)
- Convenience Store Chains: Smaller retail outlets that offer a limited range of everyday items, including beverages, often with extended hours. These are typically supplied through a network of regional distributors; no single major public company example is generally a direct major customer for FIZZ.
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Nick A. Caporella, Chairman of the Board and Chief Executive Officer
Mr. Caporella founded National Beverage Corp. in 1985. Prior to that, he served as the President and Chief Executive Officer of Burnup & Sims Inc., a telecom firm, from 1976 to 1994, and as its Chairman from 1979 to 1994. He formed National Beverage Corp. to prevent an acquisition of Burnup & Sims Inc. and subsequently acquired Shasta Beverages and Faygo to establish National Beverage's business. His services to National Beverage Corp. are provided through Corporate Management Advisors, Inc., a company he owns. Under his leadership, the company has grown significantly, notably with the success of its LaCroix sparkling water brand.
George R. Bracken, Executive Vice President, Finance, Principal Accounting Officer, Principal Financial Officer
Mr. Bracken serves as the Executive Vice President of Finance, Principal Accounting Officer, and Principal Financial Officer at National Beverage Corp.. He is responsible for guiding the company's financial strategy, resource allocation, and fiscal management. His duties encompass overseeing all financial operations, including accounting, treasury, budgeting, and financial planning and analysis. He has held the position of Executive Vice President of Finance since July 2012.
Joseph G. Caporella, President & Director
Mr. Caporella holds the positions of President and Director at National Beverage Corp.. He plays a crucial role in shaping the company's operational strategy and overall business direction. As President, he focuses on driving day-to-day operations, including innovation, efficiency, and market penetration for the company's diverse portfolio of beverage brands. He has served as President since September 2002.
Dean A. McCoy, Senior Vice President and Chief Accounting Officer
Mr. McCoy is the Senior Vice President and Chief Accounting Officer at National Beverage Corp.. He is based in Fort Lauderdale, Florida.
Gregory P. Cook, VP, Controller & Chief Accounting Officer
Mr. Cook serves as the Vice President, Controller, and Chief Accounting Officer for National Beverage Corp.. He also holds the position of Vice President and Comptroller of Beverage Corporation International, Inc..
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The key risks to National Beverage (FIZZ) primarily revolve around intense market competition, challenges in maintaining volume growth, and the volatility of input costs.
- Intense Competition and Shifting Consumer Preferences: The beverage industry is highly competitive, featuring numerous players, including larger companies with substantially greater financial, marketing, and distribution resources. National Beverage's products compete with a wide array of beverages. Consumer preferences can change rapidly, and maintaining brand image and loyalty, particularly for its flagship LaCroix brand, is crucial for sustaining revenues and profits. Discounting and other actions by competitors could adversely affect the company's market share and profitability.
- Limited Volume Growth: Despite prioritizing profitability and margins, National Beverage has experienced challenges with volume growth, including recent declines in case volume. While the company has managed to offset some of these declines with higher selling prices and improved operating efficiencies, a sustained lack of volume growth could lead to gradual market share erosion over time, especially in an industry where larger competitors aggressively invest in marketing and distribution. The company's significant dependence on LaCroix means that changes in consumer trends or increased competition in premium sparkling water offerings could disproportionately impact its financial performance.
- Cost Volatility of Raw Materials and Energy: Fluctuations in the costs and availability of raw materials, such as aluminum for cans, and energy can significantly impact National Beverage's cost structure and, consequently, its financial results. Although the company has engaged in strategies like aluminum swap contracts to mitigate some of this risk, it remains exposed to market volatility and increasing packaging and ingredient costs.
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Intensified and diversified competition, particularly within the sparkling water and "better-for-you" beverage categories, threatening La Croix's market share, pricing power, and leadership position.
- Large beverage conglomerates (e.g., PepsiCo with Bubly, Coca-Cola with AHA) are aggressively marketing well-funded competing sparkling water brands, directly challenging La Croix.
- A proliferation of innovative niche and functional sparkling beverages (e.g., prebiotic sodas like Poppi and Olipop, sparkling waters with adaptogens or electrolytes, real fruit-infused sparkling waters like Spindrift) is capturing health-conscious consumers seeking benefits beyond just zero-sugar and natural ingredients.
- The growth of private-label sparkling water brands offers lower-cost alternatives, putting pressure on La Croix's value proposition.
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National Beverage Corp. (FIZZ) primarily operates in the sparkling water, carbonated soft drinks, energy drinks, and juice markets in the United States and Canada. Below are the addressable market sizes for their main product categories:
Sparkling Water
- The North American sparkling water market is projected to reach USD 92.9 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 12.1%.
- The U.S. sparkling water market is a significant part of this, projected to reach USD 23.505 billion by 2031.
- Other estimates place the global sparkling water market size at approximately USD 63.5 billion as of Q1 2024, with North America holding over 30% market share. It is projected to surpass USD 75 billion by 2027.
Carbonated Soft Drinks (CSDs)
- The U.S. soft drink market is anticipated to achieve USD 388 billion in annual sales by 2025.
- The North America Carbonated Soft Drinks Market size is forecast to reach USD 108.58 billion by 2030, with a CAGR of 3.80% from 2024-2030.
Energy Drinks
- The United States energy drinks market size is estimated at USD 23.9 billion in 2024 and is projected to reach USD 22.57 billion by 2030.
- Other data indicates the U.S. energy drinks market was valued at USD 23.95 billion in 2023 and is projected to reach approximately USD 48.45 billion by 2033, growing at a CAGR of 7.3% during the forecast period 2024 to 2033.
Juice
- The United States fruit juice market size was valued at USD 55.5 billion in 2024 and is estimated to reach USD 77.5 billion by 2033.
- Another estimate for the U.S. 100% juice market generated revenue of USD 9.9046 billion in 2024 and is expected to reach USD 15.0771 billion by 2030.
- The Juice Production market in the US was valued at USD 14.3 billion in 2024 and is projected to be USD 14.5 billion in 2025.
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Here are 3-5 expected drivers of future revenue growth for National Beverage (symbol: FIZZ) over the next 2-3 years:- Ongoing Product Innovation, particularly with LaCroix: National Beverage has demonstrated a strategic focus on introducing new flavors for its flagship LaCroix sparkling water brand. Recent launches like Sunshine, Cherry Lime, and Blackberry Cucumber have been noted for contributing to sales growth and reversing previous declines in case shipments. This continuous innovation is anticipated to maintain consumer interest and capture evolving tastes in the sparkling water market.
- Expanded and Targeted Marketing Campaigns: The company is increasing its marketing efforts, including wider advertising campaigns, multi-city bus tours, and sponsorship arrangements with professional sports teams. These initiatives aim to enhance brand visibility, boost end-user interest, and ultimately drive increased sales across its product portfolio.
- Strategic Geographic and Channel Expansion: Future revenue growth is expected from gradual geographic expansion, specifically into markets such as Canada and other international regions. Additionally, National Beverage plans to diversify its distribution by expanding into new channels like e-commerce and food service to reach a broader consumer base and optimize shelf space in retail outlets.
- Price Increases and Favorable Product Mix: Recent financial results indicate that strategic price programs and improvements in the price/mix have positively impacted revenue and gross margins. This ability to implement stronger pricing, even amidst fluctuating case volumes, is a likely driver of revenue growth going forward.
- Continued Focus on Health-Oriented Beverages: National Beverage's emphasis on premium, health-oriented beverages aligns with a broader consumer shift away from sugary drinks toward calorie-free and functional options. This strategic positioning within the growing sparkling water market and other health-conscious categories is expected to sustain revenue growth.
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Share Repurchases
- National Beverage's Board of Directors authorized a program to repurchase 3.2 million shares of common stock, with approximately 1.9 million shares remaining available for future repurchases as of June 12, 2024.
- The company commenced open market purchases of its common stock under a previously announced share repurchase program as of October 30, 2025.
- No shares of common stock were repurchased during the fiscal year ended May 3, 2025.
Capital Expenditures
- For the fiscal year 2025, capital expenditures are anticipated to be in the range of $25 million to $30 million.
- Capital expenditures for the first quarter of fiscal 2025 were $3.7 million, following $5.5 million for the first quarter of fiscal 2024.
- The primary focus of capital expenditures includes certain production capacity and efficiency improvement projects that are currently in progress.
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 61.58 |
| Mkt Cap | 58.6 |
| Rev LTM | 12,075 |
| Op Inc LTM | 2,866 |
| FCF LTM | 1,772 |
| FCF 3Y Avg | 1,489 |
| CFO LTM | 2,154 |
| CFO 3Y Avg | 1,872 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.8% |
| Rev Chg 3Y Avg | 4.9% |
| Rev Chg Q | 8.1% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Mgn LTM | 20.6% |
| Op Mgn 3Y Avg | 20.4% |
| QoQ Delta Op Mgn LTM | 0.9% |
| CFO/Rev LTM | 16.0% |
| CFO/Rev 3Y Avg | 15.7% |
| FCF/Rev LTM | 12.4% |
| FCF/Rev 3Y Avg | 13.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 58.6 |
| P/S | 4.2 |
| P/EBIT | 19.5 |
| P/E | 26.5 |
| P/CFO | 20.2 |
| Total Yield | 5.6% |
| Dividend Yield | 0.8% |
| FCF Yield 3Y Avg | 2.9% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.3% |
| 3M Rtn | 8.2% |
| 6M Rtn | -2.5% |
| 12M Rtn | 21.4% |
| 3Y Rtn | 22.8% |
| 1M Excs Rtn | 5.6% |
| 3M Excs Rtn | 8.4% |
| 6M Excs Rtn | -10.9% |
| 12M Excs Rtn | 6.8% |
| 3Y Excs Rtn | -43.1% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $35.38 | |
| Market Cap ($ Bil) | 3.3 | |
| First Trading Date | 09/16/1991 | |
| Distance from 52W High | -25.8% | |
| 50 Days | 200 Days | |
| DMA Price | $33.57 | $39.35 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 5.4% | -10.1% |
| 3M | 1YR | |
| Volatility | 24.6% | 26.5% |
| Downside Capture | -70.58 | 4.81 |
| Upside Capture | -36.07 | -9.08 |
| Correlation (SPY) | 6.1% | 5.8% |
FIZZ Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.15 | 0.57 | 0.19 | 0.23 | 0.08 | 0.21 |
| Up Beta | 1.39 | 2.31 | 0.92 | 1.15 | 0.49 | 0.40 |
| Down Beta | 0.94 | 1.58 | 1.05 | 0.30 | -0.31 | -0.05 |
| Up Capture | 1% | -52% | -36% | -39% | -9% | 4% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 17 | 28 | 51 | 112 | 362 |
| Down Capture | -189% | -30% | -45% | 41% | 9% | 52% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 23 | 32 | 72 | 136 | 384 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FIZZ | |
|---|---|---|---|---|
| FIZZ | -15.5% | 26.2% | -0.68 | - |
| Sector ETF (XLP) | 12.0% | 14.1% | 0.57 | 44.9% |
| Equity (SPY) | 16.3% | 19.3% | 0.65 | 6.5% |
| Gold (GLD) | 76.7% | 25.0% | 2.25 | 3.4% |
| Commodities (DBC) | 9.4% | 16.6% | 0.37 | -8.9% |
| Real Estate (VNQ) | 6.5% | 16.6% | 0.21 | 33.1% |
| Bitcoin (BTCUSD) | -27.3% | 44.7% | -0.58 | 9.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FIZZ | |
|---|---|---|---|---|
| FIZZ | -8.7% | 32.2% | -0.23 | - |
| Sector ETF (XLP) | 8.8% | 13.1% | 0.45 | 38.0% |
| Equity (SPY) | 14.1% | 17.0% | 0.66 | 28.0% |
| Gold (GLD) | 22.1% | 16.9% | 1.06 | 5.0% |
| Commodities (DBC) | 11.3% | 18.9% | 0.48 | -1.4% |
| Real Estate (VNQ) | 5.3% | 18.8% | 0.19 | 30.9% |
| Bitcoin (BTCUSD) | 13.4% | 57.9% | 0.45 | 11.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FIZZ | |
|---|---|---|---|---|
| FIZZ | 8.1% | 40.1% | 0.32 | - |
| Sector ETF (XLP) | 8.4% | 14.6% | 0.44 | 30.3% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 23.8% |
| Gold (GLD) | 15.7% | 15.5% | 0.84 | -0.1% |
| Commodities (DBC) | 8.4% | 17.6% | 0.39 | 2.0% |
| Real Estate (VNQ) | 6.2% | 20.7% | 0.27 | 23.9% |
| Bitcoin (BTCUSD) | 68.8% | 66.7% | 1.08 | 5.2% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/12/2025 | 0.2% | -4.5% | |
| 9/12/2025 | -1.4% | -2.9% | -7.6% |
| 7/3/2025 | 4.0% | -1.3% | 4.8% |
| 3/7/2025 | 4.1% | -1.8% | 3.3% |
| 12/6/2024 | 4.2% | 0.8% | -5.9% |
| 9/6/2024 | -0.5% | -1.2% | -0.4% |
| 6/27/2024 | 1.0% | 3.7% | -4.1% |
| 3/8/2024 | -2.5% | -5.5% | -3.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 9 |
| # Negative | 12 | 14 | 14 |
| Median Positive | 3.3% | 3.3% | 8.0% |
| Median Negative | -1.4% | -2.9% | -3.9% |
| Max Positive | 6.1% | 11.0% | 17.9% |
| Max Negative | -3.8% | -11.0% | -14.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 10/31/2025 | 12/11/2025 | 10-Q |
| 07/31/2025 | 09/11/2025 | 10-Q |
| 04/30/2025 | 07/02/2025 | 10-K |
| 01/31/2025 | 03/06/2025 | 10-Q |
| 10/31/2024 | 12/05/2024 | 10-Q |
| 07/31/2024 | 09/05/2024 | 10-Q |
| 04/30/2024 | 06/26/2024 | 10-K |
| 01/31/2024 | 03/07/2024 | 10-Q |
| 10/31/2023 | 12/07/2023 | 10-Q |
| 07/31/2023 | 09/07/2023 | 10-Q |
| 04/30/2023 | 06/28/2023 | 10-K |
| 01/31/2023 | 03/09/2023 | 10-Q |
| 10/31/2022 | 12/08/2022 | 10-Q |
| 07/31/2022 | 09/08/2022 | 10-Q |
| 04/30/2022 | 06/29/2022 | 10-K |
| 01/31/2022 | 03/10/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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