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National Beverage FIZZ Return on invested capital

Return on invested capital at other companies

Coca-Cola logo
Coca-ColaKO
18.2%+2.3pp
PepsiCo logo
PepsiCoPEP
16.1%-1.7pp
Coca-Cola Consolidated, Inc. logo
Coca-Cola Consolidated, Inc.COKE
35.7%+4.1pp
Monster Beverage logo
Monster BeverageMNST
27.2%+0.6pp
Keurig Dr Pepper logo
Keurig Dr PepperKDP
7.8%+2.5pp
Molson Coors Beverage Company logo
Molson Coors Beverage CompanyTAP
-13.1%-19.2pp

Other financials

Income statement

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Revenue$264.6M-0.9%
Gross profit$99.6M+0.7%
Operating income$51.1M+1.1%
Net income$41.2M+3.9%
EPS (diluted)$0.44+4.8%

Balance sheet

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Cash & equivalents$314.0M+110%
Total debt$62.7M+13.3%
Total equity$591.1M+47.7%
Total assets$792.5M+33.4%

Cash flow

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Operating cash flow$50.9M+9.4%
CapEx$6.3M-38.3%
Free cash flow$44.6M+22.9%

Valuation

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Market cap$3.23B-8.7%

Profitability

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Gross margin37.4%+0.3pp
Operating margin19.8%+0.4pp
Net margin15.7%0.0pp
FCF margin13.8%-1.0pp

Returns & leverage

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Return on equity37.9%-2.9pp
Debt / equity0.1×0.0×
Current ratio4.4×+1.5×

Where this comes from

Calculated from National Beverage’s reported figures.

Based on trailing twelve months.

The official record: National Beverage’s 10-Q, filed March 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is National Beverage's return on invested capital?
National Beverage (FIZZ) reported return on invested capital of 56% in Q4 2025.
How has National Beverage's return on invested capital changed year-over-year?
National Beverage's return on invested capital decreased by 5.2% year-over-year, from 59.1% to 56%.
What is the long-term trend for National Beverage's return on invested capital?
Over 4 years (2021 to 2025), National Beverage's return on invested capital has grown at a -9.1% compound annual growth rate (CAGR), from 86.3% to 59%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.