NATIONAL BEVERAGE CORP (FIZZ) — payout ratio, three ways
Fiscal year ending 2025-05-03 · sector Consumer staples · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | 163.1% | The figure most screeners publish. |
| Operating cash flow | 147.1% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | 178.5% | What is left after maintaining the business. |
Spread between highest and lowest: 31 percentage points. Same filings, different denominators.
Coverage rating 0 / 100 — Not covered. ? Peer standing 0/50Direction 0/30Stability 0/20
Free cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2025-05-03 | 178.5% |
| 2022-04-30 | 268.9% |
| 2021-05-01 | 166.1% |
| 2019-04-27 | 133.8% |
| 2018-04-28 | 56.9% |
| 2017-04-29 | 69.7% |
Among the 38 consumer staples companies here, only 0% pay out a larger share on this basis — this is at the demanding end.
The arithmetic
- GAAP earnings — dividends declared per share $3.25 ÷ diluted EPS $1.99
- Operating cash flow — dividends paid $304.1m ÷ operating cash flow $206.7m
- Free cash flow — dividends paid $304.1m ÷ (operating cash flow $206.7m − capex $36.3m)
Where the figures came from
- 10-K filed 2026-07-01 · accession
0001437749-26-022315
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- DPS derived from dividends paid ($3.25); no per-share tag filed
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.