FIZZNATIONAL BEVERAGE CORP
Bottled & Canned Soft Drinks & Carbonated Waters
- Revenue
- $1.2B
- 1.7% YoY
- Operating margin
- 19.5%
- 0.5% YoY
- EBITDA
- $253M
- 1.4% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.4×
- −$107M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear99% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B | 1.7% |
| Operating income | $208M | $187M | $219M | $235M | $230M | 2.3% |
| Net income | $159M | $142M | $177M | $187M | $184M | 1.7% |
| Operating cash flow | $133M | $162M | $198M | $207M | $181M | 12% |
| Capex | $29M | $22M | $30M | $36M | $25M | 31% |
| Stock-based comp | $695K | $677K | $881K | $606K | $439K | 28% |
| Buybacks | $0 | — | $0 | $0 | $673K | |
| Dividends | $280M | $0 | $0 | $304M | $0 | 100% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $12M | $0 | 80 | 145 |
| FY2025 | $12M | $0 | 101 | 126 |
| FY2024 | $12M | $0 | 95 | 127 |
| FY2023 | $12M | $0 | 109 | 129 |
| FY2022 | $11M | $0 | 96 | 119 |