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Side-by-side financial comparison of NATIONAL BEVERAGE CORP (FIZZ) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

NATIONAL BEVERAGE CORP is the larger business by last-quarter revenue ($288.3M vs $212.2M, roughly 1.4× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 16.1%, a 2.7% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -1.0%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 3.3%).

National Beverage Corp. is an American beverage developer, manufacturer, and distributor based in Fort Lauderdale, Florida, focused on flavored soft drinks, with its most noted brands being La Croix, Shasta, and Faygo.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

FIZZ vs RAMP — Head-to-Head

Bigger by revenue
FIZZ
FIZZ
1.4× larger
FIZZ
$288.3M
$212.2M
RAMP
Growing faster (revenue YoY)
RAMP
RAMP
+9.6% gap
RAMP
8.6%
-1.0%
FIZZ
Higher net margin
RAMP
RAMP
2.7% more per $
RAMP
18.8%
16.1%
FIZZ
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
3.3%
FIZZ

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
FIZZ
FIZZ
RAMP
RAMP
Revenue
$288.3M
$212.2M
Net Profit
$46.4M
$39.9M
Gross Margin
37.9%
71.9%
Operating Margin
20.1%
18.6%
Net Margin
16.1%
18.8%
Revenue YoY
-1.0%
8.6%
Net Profit YoY
1.6%
255.7%
EPS (diluted)
$0.49
$0.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FIZZ
FIZZ
RAMP
RAMP
Q4 25
$288.3M
$212.2M
Q3 25
$330.5M
$199.8M
Q2 25
$313.6M
$194.8M
Q1 25
$267.1M
$188.7M
Q4 24
$291.2M
$195.4M
Q3 24
$329.5M
$185.5M
Q2 24
$297.3M
$176.0M
Q1 24
$270.1M
$171.9M
Net Profit
FIZZ
FIZZ
RAMP
RAMP
Q4 25
$46.4M
$39.9M
Q3 25
$55.8M
$27.4M
Q2 25
$44.8M
$7.7M
Q1 25
$39.6M
$-6.3M
Q4 24
$45.6M
$11.2M
Q3 24
$56.8M
$1.7M
Q2 24
$43.7M
$-7.5M
Q1 24
$39.6M
$-5.4M
Gross Margin
FIZZ
FIZZ
RAMP
RAMP
Q4 25
37.9%
71.9%
Q3 25
38.0%
70.2%
Q2 25
36.1%
70.1%
Q1 25
37.1%
69.3%
Q4 24
37.6%
71.9%
Q3 24
37.2%
72.4%
Q2 24
36.7%
70.6%
Q1 24
35.9%
72.2%
Operating Margin
FIZZ
FIZZ
RAMP
RAMP
Q4 25
20.1%
18.6%
Q3 25
21.4%
10.7%
Q2 25
18.3%
3.7%
Q1 25
18.9%
-6.1%
Q4 24
19.9%
7.5%
Q3 24
21.1%
4.0%
Q2 24
17.8%
-3.0%
Q1 24
17.8%
-8.3%
Net Margin
FIZZ
FIZZ
RAMP
RAMP
Q4 25
16.1%
18.8%
Q3 25
16.9%
13.7%
Q2 25
14.3%
4.0%
Q1 25
14.8%
-3.3%
Q4 24
15.7%
5.7%
Q3 24
17.2%
0.9%
Q2 24
14.7%
-4.3%
Q1 24
14.7%
-3.1%
EPS (diluted)
FIZZ
FIZZ
RAMP
RAMP
Q4 25
$0.49
$0.62
Q3 25
$0.60
$0.42
Q2 25
$0.47
$0.12
Q1 25
$0.42
$-0.10
Q4 24
$0.49
$0.17
Q3 24
$0.61
$0.03
Q2 24
$-52.00
$-0.11
Q1 24
$0.42
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIZZ
FIZZ
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$269.3M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$551.3M
$962.3M
Total Assets
$749.0M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIZZ
FIZZ
RAMP
RAMP
Q4 25
$269.3M
$403.4M
Q3 25
$249.8M
$376.9M
Q2 25
$193.8M
$371.1M
Q1 25
$149.2M
$420.8M
Q4 24
$112.8M
$384.3M
Q3 24
$77.0M
$348.4M
Q2 24
$327.0M
$342.7M
Q1 24
$277.0M
$368.9M
Stockholders' Equity
FIZZ
FIZZ
RAMP
RAMP
Q4 25
$551.3M
$962.3M
Q3 25
$504.1M
$943.8M
Q2 25
$444.0M
$947.8M
Q1 25
$400.2M
$948.9M
Q4 24
$360.1M
$957.7M
Q3 24
$306.6M
$932.1M
Q2 24
$559.5M
$951.9M
Q1 24
$510.2M
$949.1M
Total Assets
FIZZ
FIZZ
RAMP
RAMP
Q4 25
$749.0M
$1.3B
Q3 25
$737.8M
$1.2B
Q2 25
$672.9M
$1.2B
Q1 25
$594.0M
$1.3B
Q4 24
$557.4M
$1.3B
Q3 24
$522.6M
$1.2B
Q2 24
$770.2M
$1.2B
Q1 24
$719.9M
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIZZ
FIZZ
RAMP
RAMP
Operating Cash FlowLast quarter
$25.7M
Free Cash FlowOCF − Capex
$19.9M
FCF MarginFCF / Revenue
6.9%
Capex IntensityCapex / Revenue
2.0%
0.1%
Cash ConversionOCF / Net Profit
0.55×
TTM Free Cash FlowTrailing 4 quarters
$156.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIZZ
FIZZ
RAMP
RAMP
Q4 25
$25.7M
Q3 25
$59.1M
$57.4M
Q2 25
$60.1M
$-15.8M
Q1 25
$46.5M
Q4 24
$42.6M
$45.1M
Q3 24
$57.5M
$55.6M
Q2 24
$60.4M
$-9.3M
Q1 24
$35.4M
Free Cash Flow
FIZZ
FIZZ
RAMP
RAMP
Q4 25
$19.9M
Q3 25
$56.0M
$56.8M
Q2 25
$44.6M
$-16.2M
Q1 25
$36.3M
Q4 24
$35.7M
$44.8M
Q3 24
$53.8M
$55.4M
Q2 24
$49.6M
$-9.6M
Q1 24
$28.7M
FCF Margin
FIZZ
FIZZ
RAMP
RAMP
Q4 25
6.9%
Q3 25
16.9%
28.4%
Q2 25
14.2%
-8.3%
Q1 25
13.6%
Q4 24
12.3%
22.9%
Q3 24
16.3%
29.8%
Q2 24
16.7%
-5.4%
Q1 24
10.6%
Capex Intensity
FIZZ
FIZZ
RAMP
RAMP
Q4 25
2.0%
0.1%
Q3 25
0.9%
0.3%
Q2 25
4.9%
0.2%
Q1 25
3.8%
0.2%
Q4 24
2.4%
0.1%
Q3 24
1.1%
0.1%
Q2 24
3.6%
0.1%
Q1 24
2.5%
1.0%
Cash Conversion
FIZZ
FIZZ
RAMP
RAMP
Q4 25
0.55×
Q3 25
1.06×
2.09×
Q2 25
1.34×
-2.04×
Q1 25
1.17×
Q4 24
0.93×
4.02×
Q3 24
1.01×
32.10×
Q2 24
1.38×
Q1 24
0.89×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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