National Beverage Corp
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 a… Read more
National Beverage Corp (FIZZ) - Net Assets
Latest net assets as of October 2025: $551.26 Million USD
Based on the latest financial reports, National Beverage Corp (FIZZ) has net assets worth $551.26 Million USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($748.97 Million) and total liabilities ($197.72 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $551.26 Million |
| % of Total Assets | 73.6% |
| Annual Growth Rate | 9.02% |
| 5-Year Change | 24.72% |
| 10-Year Change | 115.37% |
| Growth Volatility | 28.67 |
National Beverage Corp - Net Assets Trend (1992–2025)
This chart illustrates how National Beverage Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for National Beverage Corp (1992–2025)
The table below shows the annual net assets of National Beverage Corp from 1992 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | $444.00 Million | -20.65% |
| 2024-04-30 | $559.51 Million | +50.21% |
| 2023-04-30 | $372.49 Million | +55.57% |
| 2022-04-30 | $239.44 Million | -32.74% |
| 2021-04-30 | $356.00 Million | -21.30% |
| 2020-04-30 | $452.34 Million | +36.41% |
| 2019-04-30 | $331.61 Million | +0.05% |
| 2018-04-30 | $331.44 Million | +34.94% |
| 2017-04-30 | $245.62 Million | +19.14% |
| 2016-04-30 | $206.15 Million | +39.50% |
| 2015-04-30 | $147.78 Million | +39.15% |
| 2014-04-30 | $106.20 Million | +51.03% |
| 2013-04-30 | $70.32 Million | -42.19% |
| 2012-04-30 | $121.64 Million | +51.41% |
| 2011-04-30 | $80.34 Million | -43.25% |
| 2010-04-30 | $141.57 Million | -16.72% |
| 2009-05-31 | $170.00 Million | -0.01% |
| 2009-04-30 | $170.01 Million | +17.57% |
| 2008-05-31 | $144.60 Million | -0.02% |
| 2008-04-30 | $144.62 Million | -8.09% |
| 2007-04-30 | $157.36 Million | +20.25% |
| 2006-04-30 | $130.86 Million | -8.68% |
| 2005-04-30 | $143.30 Million | +14.27% |
| 2004-05-31 | $125.40 Million | +0.02% |
| 2004-04-30 | $125.38 Million | -12.51% |
| 2003-05-31 | $143.30 Million | +0.01% |
| 2003-04-30 | $143.29 Million | +14.02% |
| 2002-04-30 | $125.68 Million | +15.84% |
| 2001-04-30 | $108.49 Million | +15.80% |
| 2000-04-30 | $93.69 Million | +14.25% |
| 1999-04-30 | $82.00 Million | +17.14% |
| 1998-04-30 | $70.00 Million | +23.02% |
| 1997-04-30 | $56.90 Million | +20.81% |
| 1996-04-30 | $47.10 Million | +7.29% |
| 1995-04-30 | $43.90 Million | +20.94% |
| 1994-04-30 | $36.30 Million | +91.05% |
| 1993-04-30 | $19.00 Million | -26.07% |
| 1992-04-30 | $25.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Beverage Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1765.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $417.75 Million | 94.09% |
| Common Stock | $1.02 Million | 0.23% |
| Other Comprehensive Income | $5.60 Million | 1.26% |
| Other Components | $19.62 Million | 4.42% |
| Total Equity | $444.00 Million | 100.00% |
National Beverage Corp Competitors by Market Cap
The table below lists competitors of National Beverage Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Viad Corp
NYSE:VVI
|
$820.17 Million |
|
Tellurian Inc
F:MPLN
|
$820.47 Million |
|
Apollo Medical Holdings Inc
F:3AM
|
$820.67 Million |
|
Xiamen Meiya Pico Information
SHE:300188
|
$820.69 Million |
|
Thai Union Group PCL
BK:TU
|
$820.04 Million |
|
Hongta Securities Co Ltd
SHG:601236
|
$820.01 Million |
|
Jiangxi Fushine Pharmaceutical Co Ltd
SHE:300497
|
$819.90 Million |
|
Criteo Sa
NASDAQ:CRTO
|
$819.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Beverage Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 559,512,000 to 443,999,000, a change of -115,513,000 (-20.6%).
- Net income of 186,821,000 contributed positively to equity growth.
- Dividend payments of 304,148,000 reduced retained earnings.
- Other comprehensive income increased equity by 693,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $186.82 Million | +42.08% |
| Dividends Paid | $304.15 Million | -68.5% |
| Other Comprehensive Income | $693.00K | +0.16% |
| Other Changes | $1.12 Million | +0.25% |
| Total Change | $- | -20.65% |
Book Value vs Market Value Analysis
This analysis compares National Beverage Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.30x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 134.09x to 7.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-04-30 | $0.26 | $34.60 | x |
| 1993-04-30 | $0.20 | $34.60 | x |
| 1994-04-30 | $0.42 | $34.60 | x |
| 1995-04-30 | $0.49 | $34.60 | x |
| 1996-04-30 | $0.59 | $34.60 | x |
| 1997-04-30 | $0.62 | $34.60 | x |
| 1998-04-30 | $0.75 | $34.60 | x |
| 1999-04-30 | $0.89 | $34.60 | x |
| 2000-04-30 | $1.03 | $34.60 | x |
| 2001-04-30 | $1.20 | $34.60 | x |
| 2002-04-30 | $1.38 | $34.60 | x |
| 2003-04-30 | $1.57 | $34.60 | x |
| 2003-05-31 | $1.57 | $34.60 | x |
| 2004-04-30 | $1.37 | $34.60 | x |
| 2004-05-31 | $1.37 | $34.60 | x |
| 2005-04-30 | $1.56 | $34.60 | x |
| 2006-04-30 | $1.42 | $34.60 | x |
| 2007-04-30 | $1.71 | $34.60 | x |
| 2008-04-30 | $1.57 | $34.60 | x |
| 2008-05-31 | $1.57 | $34.60 | x |
| 2009-04-30 | $1.84 | $34.60 | x |
| 2009-05-31 | $1.84 | $34.60 | x |
| 2010-04-30 | $1.53 | $34.60 | x |
| 2011-04-30 | $0.87 | $34.60 | x |
| 2012-04-30 | $1.31 | $34.60 | x |
| 2013-04-30 | $0.76 | $34.60 | x |
| 2014-04-30 | $1.14 | $34.60 | x |
| 2015-04-30 | $1.59 | $34.60 | x |
| 2016-04-30 | $2.21 | $34.60 | x |
| 2017-04-30 | $2.63 | $34.60 | x |
| 2018-04-30 | $3.53 | $34.60 | x |
| 2019-04-30 | $3.53 | $34.60 | x |
| 2020-04-30 | $4.83 | $34.60 | x |
| 2021-04-30 | $3.80 | $34.60 | x |
| 2022-04-30 | $2.56 | $34.60 | x |
| 2023-04-30 | $3.98 | $34.60 | x |
| 2024-04-30 | $5.98 | $34.60 | x |
| 2025-04-30 | $4.74 | $34.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Beverage Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 42.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.55%
- • Asset Turnover: 1.79x
- • Equity Multiplier: 1.52x
- Recent ROE (42.08%) is above the historical average (26.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 21.79% | 1.67% | 2.08x | 6.28x | $3.03 Million |
| 1993 | -31.58% | -1.80% | 2.09x | 8.36x | $-7.90 Million |
| 1994 | 37.19% | 3.88% | 2.14x | 4.48x | $9.87 Million |
| 1995 | 19.59% | 2.47% | 2.14x | 3.70x | $4.21 Million |
| 1996 | 19.11% | 2.57% | 1.97x | 3.77x | $4.29 Million |
| 1997 | 18.80% | 2.78% | 2.26x | 3.00x | $5.01 Million |
| 1998 | 18.71% | 3.27% | 2.20x | 2.60x | $6.10 Million |
| 1999 | 16.10% | 3.28% | 2.23x | 2.20x | $5.00 Million |
| 2000 | 14.50% | 3.19% | 2.16x | 2.11x | $4.21 Million |
| 2001 | 13.81% | 3.12% | 2.36x | 1.88x | $4.13 Million |
| 2002 | 13.17% | 3.29% | 2.44x | 1.64x | $3.98 Million |
| 2003 | 12.27% | 3.51% | 2.29x | 1.52x | $3.26 Million |
| 2003 | 12.28% | 3.52% | 2.29x | 1.52x | $3.27 Million |
| 2004 | 14.91% | 3.65% | 2.56x | 1.59x | $6.15 Million |
| 2004 | 14.92% | 3.65% | 2.56x | 1.59x | $6.16 Million |
| 2005 | 11.78% | 3.41% | 2.21x | 1.57x | $2.56 Million |
| 2006 | 16.98% | 4.30% | 2.37x | 1.67x | $9.14 Million |
| 2007 | 15.68% | 4.58% | 2.09x | 1.64x | $8.95 Million |
| 2008 | 15.54% | 3.97% | 2.37x | 1.65x | $8.02 Million |
| 2008 | 15.56% | 3.98% | 2.37x | 1.65x | $8.04 Million |
| 2009 | 14.55% | 4.30% | 2.16x | 1.56x | $7.74 Million |
| 2009 | 14.53% | 4.29% | 2.16x | 1.56x | $7.70 Million |
| 2010 | 23.21% | 5.54% | 2.47x | 1.70x | $18.70 Million |
| 2011 | 50.73% | 6.79% | 3.28x | 2.28x | $32.72 Million |
| 2012 | 36.17% | 7.00% | 2.82x | 1.83x | $31.83 Million |
| 2013 | 66.73% | 7.09% | 3.17x | 2.97x | $39.89 Million |
| 2014 | 41.09% | 6.81% | 2.88x | 2.10x | $33.01 Million |
| 2015 | 33.37% | 7.64% | 2.61x | 1.68x | $34.53 Million |
| 2016 | 29.69% | 8.68% | 2.31x | 1.48x | $40.58 Million |
| 2017 | 43.58% | 12.95% | 2.31x | 1.46x | $82.48 Million |
| 2018 | 45.19% | 15.35% | 2.13x | 1.38x | $116.63 Million |
| 2019 | 42.48% | 13.89% | 2.24x | 1.36x | $107.69 Million |
| 2020 | 28.73% | 12.99% | 1.54x | 1.43x | $84.74 Million |
| 2021 | 48.92% | 16.24% | 1.92x | 1.57x | $138.55 Million |
| 2022 | 66.20% | 13.93% | 2.43x | 1.95x | $134.57 Million |
| 2023 | 38.17% | 12.12% | 2.04x | 1.54x | $104.92 Million |
| 2024 | 31.59% | 14.83% | 1.55x | 1.38x | $120.78 Million |
| 2025 | 42.08% | 15.55% | 1.79x | 1.52x | $142.42 Million |
Industry Comparison
This section compares National Beverage Corp's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $91,942,689,968
- Average return on equity (ROE) among peers: -129.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Beverage Corp (FIZZ) | $551.26 Million | 21.79% | 0.36x | $820.06 Million |
| Embotelladora Andina S.A (AKO-B) | $919.00 Billion | 8.21% | 1.47x | $4.29 Billion |
| Alkame Holdings Inc (ALKM) | $-39.16K | 0.00% | 0.00x | $549.92K |
| Apple Rush Company (APRU) | $52.46K | -1399.10% | 30.30x | $11.05 |
| Signet International Holdings Inc (AQPW) | $129.01K | -179.65% | 2.11x | $740.86K |
| A1 Group Inc (AWON) | $-124.65K | 0.00% | 0.00x | $25.26 |
| A.G. BARR p.l.c (BAGFF) | $292.70 Million | 13.15% | 0.37x | $578.72 Million |
| Blue Gem Enterprise (BGEM) | $10.00K | -60.00% | 0.00x | $0.96 |
| Barfresh Food Group Inc (BRFH) | $1.07 Million | -353.23% | 2.45x | $18.15 Million |
| Britvic plc (BTVCF) | $134.97 Million | 107.94% | 12.26x | $3.84 Billion |
| Buda Juice, Inc. (BUDA) | $401.00K | 564.09% | 6.39x | $21.46 Million |