Filing Flows › National Beverage (FIZZ) › Q4 FY26 › vs Q3 FY26
National Beverage (FIZZ) Q4 FY26 vs Q3 FY26 (quarter over quarter)
National Beverage's revenue rose $32.5M (+12%) from $265M in Q3 FY26 to $297M in Q4 FY26. Gross margin 34.7% against 37.6% (-3.0 pts).
National Beverage, Q4 FY26: revenue $297M (-5% year over year), operating margin 16.9%, net earnings $40.3M, operating cash flow $45.5M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 34.7% | 37.6% | -3.0 pts |
| Operating margin | 16.9% | 19.3% | -2.5 pts |
| Net margin | 13.6% | 15.6% | -2.0 pts |
| Free cash flow margin | 12.0% | 16.9% | -4.9 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $297M | $265M | $32.5M | +12% |
| Gross profit | $103M | $99.6M | $3.4M | +3% |
| Cost of revenue | $194M | $165M | $29.1M | +18% |
| Other income, net | $2.8M | $2.8M | −$17K | -0.6% |
| Operating profit | $50.1M | $51.1M | −$1.0M | -2% |
| Operating expenses | $52.9M | $48.5M | $4.4M | +9% |
| Pre-tax earnings | $52.9M | $53.9M | −$1.0M | -2% |
| Net earnings | $40.3M | $41.2M | −$892K | -2% |
| Income tax | $12.6M | $12.7M | −$129K | -1% |
| Depreciation & amortization | $6.1M | $5.6M | $466K | +8% |
| Share-based compensation | $96K | $96K | $0 | 0% |
| Working capital & other | $959K | −$4.0M | $5.0M | — |
| Operating cash flow | $45.5M | $50.9M | −$5.4M | -11% |
| Free cash flow (OCF − capex) | $35.6M | $44.6M | −$9.0M | -20% |
| Capital expenditures | $9.9M | $6.3M | $3.6M | +58% |
Questions
How much did National Beverage's revenue grow quarter over quarter in Q4 FY26?
National Beverage's revenue rose $32.5M (+12%) from $265M in Q3 FY26 to $297M in Q4 FY26. Gross margin 34.7% against 37.6% (-3.0 pts).