Growth Metrics

National Beverage (FIZZ) Gross Margin (2016 - 2026)

National Beverage's Gross Margin history spans 16 years, with the latest figure at 37.87% for Q4 2025.

  • For Q4 2025, Gross Margin rose 32.0% year-over-year to 37.87%; the TTM value through Nov 2025 reached 37.25%, up 39.0%, while the annual FY2025 figure was 36.95%, 100.0% up from the prior year.
  • Gross Margin for Q4 2025 was 37.87% at National Beverage, roughly flat from 37.96% in the prior quarter.
  • Across five years, Gross Margin topped out at 40.03% in Q3 2021 and bottomed at 31.25% in Q3 2022.
  • The 5-year median for Gross Margin is 36.16% (2022), against an average of 36.36%.
  • The largest annual shift saw Gross Margin crashed -878bps in 2022 before it skyrocketed 406bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 35.84% in 2021, then fell by -7bps to 33.37% in 2022, then grew by 8bps to 35.94% in 2023, then rose by 4bps to 37.55% in 2024, then rose by 1bps to 37.87% in 2025.
  • Per Business Quant, the three most recent readings for FIZZ's Gross Margin are 37.87% (Q4 2025), 37.96% (Q3 2025), and 36.1% (Q2 2025).