National Beverage Corp (FIZZ) — Capital Reinvestment Ratio
National Beverage Corp (FIZZ) has a Capital Reinvestment Ratio of 0.12x as of January 2026, meaning it reinvests 0% of its operating cash flow ($50.92 Million) in capital expenditures ($6.30 Million). Check FIZZ goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
National Beverage Corp Capital Reinvestment Ratio (1992–2025)
This chart tracks National Beverage Corp's Capital Reinvestment Ratio across 38 annual periods. For the full cash flow conversion analysis, see FIZZ cash generation efficiency.
Annual Capital Reinvestment Ratio for National Beverage Corp (1992–2025)
Year-by-year Capital Reinvestment Ratio for National Beverage Corp from 1992 to 2025. See National Beverage Corp free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.18x | $206.70 Million | $36.28 Million | ▲ +14.6% |
| 2024 | 0.15x | $197.91 Million | $30.30 Million | ▲ +12.6% |
| 2023 | 0.14x | $161.66 Million | $21.98 Million | ▼ -37.6% |
| 2022 | 0.22x | $133.13 Million | $29.02 Million | ▲ +66.8% |
| 2021 | 0.13x | $193.77 Million | $25.31 Million | ▼ -2.8% |
| 2020 | 0.13x | $177.69 Million | $23.89 Million | ▼ -51.1% |
| 2019 | 0.27x | $139.44 Million | $38.33 Million | ▲ +33.0% |
| 2018 | 0.21x | $154.72 Million | $31.97 Million | ▲ +67.8% |
| 2017 | 0.12x | $113.77 Million | $14.02 Million | ▼ -19.9% |
| 2016 | 0.15x | $78.95 Million | $12.14 Million | ▼ -23.3% |
| 2015 | 0.20x | $58.02 Million | $11.63 Million | ▼ -13.4% |
| 2014 | 0.23x | $52.38 Million | $12.12 Million | ▼ -3.9% |
| 2013 | 0.24x | $40.26 Million | $9.69 Million | ▼ -8.4% |
| 2012 | 0.26x | $37.70 Million | $9.90 Million | ▲ +27.6% |
| 2011 | 0.21x | $55.30 Million | $11.39 Million | ▲ +34.1% |
| 2010 | 0.15x | $54.38 Million | $8.35 Million | ▼ -17.4% |
| 2009 | 0.19x | $35.83 Million | $6.66 Million | ▲ +0.0% |
| 2009 | 0.19x | $35.83 Million | $6.66 Million | ▼ -35.1% |
| 2008 | 0.29x | $33.99 Million | $9.72 Million | ▲ +0.0% |
| 2008 | 0.29x | $33.99 Million | $9.72 Million | ▼ -14.4% |
| 2007 | 0.33x | $32.84 Million | $10.97 Million | ▲ +19.8% |
| 2006 | 0.28x | $28.55 Million | $7.96 Million | ▼ -29.4% |
| 2005 | 0.40x | $32.90 Million | $13.00 Million | ▼ -3.1% |
| 2004 | 0.41x | $21.32 Million | $8.70 Million | ▲ +0.0% |
| 2004 | 0.41x | $21.32 Million | $8.70 Million | ▲ +64.3% |
| 2003 | 0.25x | $35.99 Million | $8.94 Million | ▲ +0.0% |
| 2003 | 0.25x | $35.99 Million | $8.94 Million | ▼ -19.0% |
| 2002 | 0.31x | $23.36 Million | $7.16 Million | ▲ +8.8% |
| 2001 | 0.28x | $21.47 Million | $6.05 Million | ▼ -35.3% |
| 2000 | 0.44x | $19.65 Million | $8.56 Million | ▼ -57.1% |
| 1999 | 1.01x | $6.70 Million | $6.80 Million | ▲ +233.7% |
| 1998 | 0.30x | $24.00 Million | $7.30 Million | ▼ -19.9% |
| 1997 | 0.38x | $16.60 Million | $6.30 Million | ▲ +8.6% |
| 1996 | 0.35x | $14.60 Million | $5.10 Million | ▼ -33.9% |
| 1995 | 0.53x | $8.90 Million | $4.70 Million | ▼ -18.2% |
| 1994 | 0.65x | $7.90 Million | $5.10 Million | ▲ +261.2% |
| 1993 | 0.18x | $23.50 Million | $4.20 Million | ▼ -57.4% |
| 1992 | 0.42x | $10.50 Million | $4.40 Million | — |