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National Beverage FIZZ Occupancy and equipment

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Other financials

Income statement

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Revenue$297.1M-5.3%
Gross profit$103.0M-9.0%
Operating income$50.1M-12.8%
Net income$40.3M-9.9%
EPS (diluted)$0.43-8.5%

Balance sheet

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Cash & equivalents$349.5M+80.3%
Total debt$58.9M-18.3%
Total equity$635.7M+43.2%
Total assets$851.6M+26.6%

Cash flow

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Operating cash flow$45.5M-24.2%
CapEx$9.9M-35.7%
Free cash flow$35.6M-20.2%

Valuation

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Market cap$2.99B-30.8%
Enterprise value$2.7B-35.7%
P/E16.3×-6.9×
P/S2.5×-1.1×

Profitability

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Gross margin37%+0.1pp
Operating margin19.5%-0.1pp
Net margin15.6%0.0pp
FCF margin13.2%-1.0pp

Returns & leverage

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Return on equity34%-3.2pp
Debt / equity0.1×-0.1×
Current ratio4.4×+1.5×

Where this comes from

Reported directly by National Beverage in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseCost.

The source filing: National Beverage’s 10-Q, filed March 12, 2026.

Filed
Mar 12, 2026, 4:33 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-007987

The Company has entered into various non-cancelable operating lease agreements for certain offices, buildings and machinery and equipment which expire at various dates through June 2037. The Company does not assume renewals in the determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. Lease agreements generally do not contain material residual value guarantees or material restrictive covenants. Operating lease costs were $4.6 million and $4.2 million for the three fiscal months ended January 31, 2026 and January 25, 2025, respectively. Operating lease costs were $13.8 million and $12.5 million for the nine fiscal months ended January 31, 2026 and January 25, 2025, respectively. As of January 31, 2026, the weighted-average remaining lease term and weighted-average discount rate of operating leases was 5.48 years and 4.57%, respectively. As of May 3, 2025, the weighted-average remaining lease term and weighted average discount rate of operating leases was 5.92 years and 4.52%, respectively. Cash payments were $4.3 million and $3.9 million for operating leases for the three fiscal months ended January 31, 2026 and January 25, 2025, respectively. Cash payments were $13.5 million and $12.3 million for operating leases for the nine fiscal months ended January 31, 2026 and January 25, 2025, respectively.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is National Beverage's occupancy and equipment?
National Beverage (FIZZ) reported occupancy and equipment of $4.6M in Q4 2025.
How has National Beverage's occupancy and equipment changed year-over-year?
National Beverage's occupancy and equipment increased by 9.5% year-over-year, from $4.2M to $4.6M.
What does occupancy and equipment mean?
Costs for office and branch facilities (rent, utilities, maintenance) and equipment (depreciation, repairs, technology hardware) used in operations.

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