The National Beverage shows a gross margin of 36.2%, an operating margin of 18.4%, an EBITDA margin of 22.7%, and a net margin of 14.8%. Operating margin drove the decline across the available margins, decreasing by 1.3 percentage points.
Over the last 3 years, National Beverage's margins averaged 36.75% gross, 19.15% operating, 23% EBITDA, and 15.33% net. Each of the four current margins is below its three-year average.
All available margins contracted year over year, led by operating margin with a decline of 1.3 percentage points.
The average gross margin for National Beverage was 36.75% over the last 3 years. As of the latest period, the current gross margin for National Beverage is 36.2%, 0.6 percentage points below its three-year average. The gross margin for National Beverage moved between 35.7% in Jan 2024 and 37.4% in Jan 2026.
Over the last 3 years, National Beverage's operating margin averaged 19.15%. The current operating margin of 18.4% is 0.8 percentage points below its three-year average. During this period, operating margin reached a high of 19.8% in Jan 2026 and a low of 18.2% in Jan 2024.
The average EBITDA margin for National Beverage was 23% during the last 3 years. The latest EBITDA margin for National Beverage is 22.7%, 0.3 percentage points below its three-year average. The EBITDA margin for National Beverage moved between 21.5% in Jan 2024 and 23.7% in Jan 2026.
The average net margin for National Beverage was 15.33% in the last 3 years. As of the latest period, the current net margin for National Beverage is 14.8%, 0.5 percentage points below its three-year average. The net margin for National Beverage moved between 14.3% in Jan 2024 and 15.7% in Jan 2026.
With a gross margin of 36.2%, FIZZ stands below the Consumer Defensive sector, the industry and its peers average. But compared to its Consumer Defensive sector average of 36.4%, National Beverage's gross margin is only 0.5% lower.
As of Aug 1, 2026, FIZZ has a gross margin of 36.2%.
The current operating margin for FIZZ is 18.4% as of Aug 1, 2026.
The current EBITDA margin for FIZZ is 22.7% as of Aug 1, 2026.
For the period ending Aug 1, 2026, FIZZ recorded a net margin of 14.8%.
Over the last 3 years, National Beverage's margins averaged 36.8% gross, 19.2% operating, 23.0% EBITDA, and 15.3% net.
Over the last 5 years, National Beverage's highest margins were 37.7% gross in Jan 2022, 19.8% operating in Jan 2026, 23.7% EBITDA in Jan 2026, and 15.7% net in Jan 2026.
Within the 5-year period, FIZZ recorded its lowest margins at 33.5% gross in Jan 2023, 15.5% operating in Oct 2022, 18.2% EBITDA in Oct 2022, and 11.8% net in Oct 2022.