National Beverage Valuation Multiples

National Beverage Overview

About National Beverage

National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants).

Founded

1985

HQ

Employees

1.7K

Website

nationalbeverage.com

Sectors

Food & Beverages

Financials (LTM)

Revenue: $1B

EBITDA: $257M

EV

$3B

Valuation Multiples

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National Beverage Financials

National Beverage reported last 12-month revenue of $1B and EBITDA of $257M.

In the same LTM period, National Beverage generated $257M in EBITDA and $188M in net income.

National Beverage P&L

In the most recent fiscal year, National Beverage reported revenue of $1B and EBITDA of $256M.

National Beverage expects next 12-month revenue of XXX and NTM EBITDA of XXX

National Beverage Stock Performance

National Beverage has current market cap of $3B, and enterprise value of $3B.

National Beverage's stock price is $34.30.

National Beverage Valuation Multiples

National Beverage trades at 2.5x EV/Revenue multiple, and 11.5x EV/EBITDA.

National Beverage Financial Valuation Multiples

As of April 20, 2026, National Beverage has market cap of $3B and EV of $3B.

Equity research analysts estimate National Beverage's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

National Beverage has a P/E ratio of 17.1x.

National Beverage Margins & Growth Rates

National Beverage's revenue in the last 12 month grew by 3%.

National Beverage's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.1M for the same period.

National Beverage's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

National Beverage's rule of X is 25% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

National Beverage Public Comps

See public comps and valuation multiples for other Food & Beverages comps.

National Beverage M&A Activity

National Beverage acquired XXX companies to date.

Last acquisition by National Beverage was on XXXXXXXX, XXXXX. National Beverage acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

National Beverage Investment Activity

National Beverage invested in XXX companies to date.

National Beverage made its latest investment on XXXXXXXX, XXXXX. National Beverage invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).