FIZZ National Beverage margins

Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
Relative Profitability: Rel. Profitability: 75
Gross margin
36.2%
Operating margin
18.4%
EBITDA margin
22.7%
Net margin
14.8%

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.

FIZZ margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, National Beverage's margins averaged 36.65% gross, 19.05% operating, 22.84% EBITDA, and 15.21% net. Each of the four current margins is below its three-year average.

FIZZ margin expansion

Year-over-year margin changes in percentage points

All available margins contracted year over year, led by operating margin with a decline of 1.3 percentage points.

Gross margin expansion
-1pp
Operating margin expansion
-1.3pp
EBITDA margin expansion
-0.5pp
Net margin expansion
-0.7pp

FIZZ Gross margin

The average gross margin for National Beverage was 36.65% over the last 3 years. As of the latest period, the current gross margin for National Beverage is 36.2%, 0.5 percentage points below its three-year average. The gross margin for National Beverage moved between 35.6% in Oct 2023 and 37.4% in Jan 2026.

FIZZ Operating margin

Over the last 3 years, National Beverage's operating margin averaged 19.05%. The current operating margin of 18.4% is 0.7 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 17.9% in Oct 2023.

FIZZ EBITDA margin

The average EBITDA margin for National Beverage was 22.84% during the last 3 years. The latest EBITDA margin for National Beverage is 22.7%, 0.1 percentage points below its three-year average. The EBITDA margin for National Beverage moved between 21.1% in Oct 2023 and 23.7% in Jan 2026.

FIZZ Net margin

The average net margin for National Beverage was 15.21% in the last 3 years. As of the latest period, the current net margin for National Beverage is 14.8%, 0.4 percentage points below its three-year average. The net margin for National Beverage moved between 13.9% in Oct 2023 and 15.7% in Jan 2026.

FIZZ margin group comparison

Margins compared with peer-group, industry and sector averages

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 36.6%, National Beverage's gross margin is only 1.1% lower.

FIZZ margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is National Beverage's gross margin?

As of Aug 1, 2026, FIZZ has a gross margin of 36.2%.

What is National Beverage's operating margin?

The current operating margin for FIZZ is 18.4% as of Aug 1, 2026.

What is National Beverage's EBITDA margin?

The current EBITDA margin for FIZZ is 22.7% as of Aug 1, 2026.

What is National Beverage's net margin?

For the period ending Aug 1, 2026, FIZZ recorded a net margin of 14.8%.

What are the average margins of FIZZ?

Over the last 3 years, National Beverage's margins averaged 36.7% gross, 19.1% operating, 22.8% EBITDA, and 15.2% net.

What are the highest historical margins of FIZZ?

Over the last 5 years, National Beverage's highest margins were 38.4% gross in Oct 2021, 20.1% operating in Oct 2021, 23.7% EBITDA in Jan 2026, and 15.7% net in Jan 2026.

What are the lowest historical margins of FIZZ?

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.