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Side-by-side financial comparison of NATIONAL BEVERAGE CORP (FIZZ) and SunCoke Energy, Inc. (SXC), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
SunCoke Energy, Inc. is the larger business by last-quarter revenue ($480.2M vs $288.3M, roughly 1.7× NATIONAL BEVERAGE CORP). NATIONAL BEVERAGE CORP runs the higher net margin — 16.1% vs -17.8%, a 33.9% gap on every dollar of revenue. On growth, NATIONAL BEVERAGE CORP posted the faster year-over-year revenue change (-1.0% vs -1.2%). SunCoke Energy, Inc. produced more free cash flow last quarter ($32.8M vs $19.9M). Over the past eight quarters, NATIONAL BEVERAGE CORP's revenue compounded faster (3.3% CAGR vs -0.8%).
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.
Energy Brands, also doing business as Glacéau, is a privately owned subsidiary of the Coca-Cola Company based in Whitestone, Queens, New York, that manufactures and distributes various lines of drinks marketed as enhanced water. Founded in May 1996 by J. Darius Bikoff with an electrolyte enhanced line of water called Smartwater, Energy Brands initially distributed its products to health food stores and independent retailers in the New York area. Adding Fruitwater and Vitaminwater to its line ...
FIZZ vs SXC — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $288.3M | $480.2M |
| Net Profit | $46.4M | $-85.6M |
| Gross Margin | 37.9% | — |
| Operating Margin | 20.1% | -20.4% |
| Net Margin | 16.1% | -17.8% |
| Revenue YoY | -1.0% | -1.2% |
| Net Profit YoY | 1.6% | -461.2% |
| EPS (diluted) | $0.49 | $-1.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $288.3M | $480.2M | ||
| Q3 25 | $330.5M | $487.0M | ||
| Q2 25 | $313.6M | $434.1M | ||
| Q1 25 | $267.1M | $436.0M | ||
| Q4 24 | $291.2M | $486.0M | ||
| Q3 24 | $329.5M | $490.1M | ||
| Q2 24 | $297.3M | $470.9M | ||
| Q1 24 | $270.1M | $488.4M |
| Q4 25 | $46.4M | $-85.6M | ||
| Q3 25 | $55.8M | $22.2M | ||
| Q2 25 | $44.8M | $1.9M | ||
| Q1 25 | $39.6M | $17.3M | ||
| Q4 24 | $45.6M | $23.7M | ||
| Q3 24 | $56.8M | $30.7M | ||
| Q2 24 | $43.7M | $21.5M | ||
| Q1 24 | $39.6M | $20.0M |
| Q4 25 | 37.9% | — | ||
| Q3 25 | 38.0% | — | ||
| Q2 25 | 36.1% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 37.6% | — | ||
| Q3 24 | 37.2% | — | ||
| Q2 24 | 36.7% | — | ||
| Q1 24 | 35.9% | — |
| Q4 25 | 20.1% | -20.4% | ||
| Q3 25 | 21.4% | 2.8% | ||
| Q2 25 | 18.3% | 2.3% | ||
| Q1 25 | 18.9% | 6.9% | ||
| Q4 24 | 19.9% | 7.3% | ||
| Q3 24 | 21.1% | 9.6% | ||
| Q2 24 | 17.8% | 7.4% | ||
| Q1 24 | 17.8% | 7.1% |
| Q4 25 | 16.1% | -17.8% | ||
| Q3 25 | 16.9% | 4.6% | ||
| Q2 25 | 14.3% | 0.4% | ||
| Q1 25 | 14.8% | 4.0% | ||
| Q4 24 | 15.7% | 4.9% | ||
| Q3 24 | 17.2% | 6.3% | ||
| Q2 24 | 14.7% | 4.6% | ||
| Q1 24 | 14.7% | 4.1% |
| Q4 25 | $0.49 | $-1.00 | ||
| Q3 25 | $0.60 | $0.26 | ||
| Q2 25 | $0.47 | $0.02 | ||
| Q1 25 | $0.42 | $0.20 | ||
| Q4 24 | $0.49 | $0.28 | ||
| Q3 24 | $0.61 | $0.36 | ||
| Q2 24 | $-52.00 | $0.25 | ||
| Q1 24 | $0.42 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $269.3M | $88.7M |
| Total DebtLower is stronger | — | $685.5M |
| Stockholders' EquityBook value | $551.3M | $597.3M |
| Total Assets | $749.0M | $1.8B |
| Debt / EquityLower = less leverage | — | 1.15× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $269.3M | $88.7M | ||
| Q3 25 | $249.8M | $80.4M | ||
| Q2 25 | $193.8M | $186.2M | ||
| Q1 25 | $149.2M | $193.7M | ||
| Q4 24 | $112.8M | $189.6M | ||
| Q3 24 | $77.0M | $164.7M | ||
| Q2 24 | $327.0M | $81.9M | ||
| Q1 24 | $277.0M | $120.1M |
| Q4 25 | — | $685.5M | ||
| Q3 25 | — | $691.1M | ||
| Q2 25 | — | $493.4M | ||
| Q1 25 | — | $492.9M | ||
| Q4 24 | — | $492.3M | ||
| Q3 24 | — | $491.8M | ||
| Q2 24 | — | $491.3M | ||
| Q1 24 | — | $490.8M |
| Q4 25 | $551.3M | $597.3M | ||
| Q3 25 | $504.1M | $695.9M | ||
| Q2 25 | $444.0M | $677.7M | ||
| Q1 25 | $400.2M | $684.6M | ||
| Q4 24 | $360.1M | $680.2M | ||
| Q3 24 | $306.6M | $658.6M | ||
| Q2 24 | $559.5M | $636.9M | ||
| Q1 24 | $510.2M | $623.0M |
| Q4 25 | $749.0M | $1.8B | ||
| Q3 25 | $737.8M | $1.9B | ||
| Q2 25 | $672.9M | $1.6B | ||
| Q1 25 | $594.0M | $1.7B | ||
| Q4 24 | $557.4M | $1.7B | ||
| Q3 24 | $522.6M | $1.7B | ||
| Q2 24 | $770.2M | $1.7B | ||
| Q1 24 | $719.9M | $1.7B |
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.75× | ||
| Q2 24 | — | 0.77× | ||
| Q1 24 | — | 0.79× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $25.7M | $56.6M |
| Free Cash FlowOCF − Capex | $19.9M | $32.8M |
| FCF MarginFCF / Revenue | 6.9% | 6.8% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 2.0% | 5.0% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 0.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $156.8M | $42.3M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $25.7M | $56.6M | ||
| Q3 25 | $59.1M | $9.2M | ||
| Q2 25 | $60.1M | $17.5M | ||
| Q1 25 | $46.5M | $25.8M | ||
| Q4 24 | $42.6M | $60.9M | ||
| Q3 24 | $57.5M | $107.2M | ||
| Q2 24 | $60.4M | $-9.3M | ||
| Q1 24 | $35.4M | $10.0M |
| Q4 25 | $19.9M | $32.8M | ||
| Q3 25 | $56.0M | $-16.3M | ||
| Q2 25 | $44.6M | $4.9M | ||
| Q1 25 | $36.3M | $20.9M | ||
| Q4 24 | $35.7M | $36.1M | ||
| Q3 24 | $53.8M | $92.1M | ||
| Q2 24 | $49.6M | $-26.8M | ||
| Q1 24 | $28.7M | $-5.5M |
| Q4 25 | 6.9% | 6.8% | ||
| Q3 25 | 16.9% | -3.3% | ||
| Q2 25 | 14.2% | 1.1% | ||
| Q1 25 | 13.6% | 4.8% | ||
| Q4 24 | 12.3% | 7.4% | ||
| Q3 24 | 16.3% | 18.8% | ||
| Q2 24 | 16.7% | -5.7% | ||
| Q1 24 | 10.6% | -1.1% |
| Q4 25 | 2.0% | 5.0% | ||
| Q3 25 | 0.9% | 5.2% | ||
| Q2 25 | 4.9% | 2.9% | ||
| Q1 25 | 3.8% | 1.1% | ||
| Q4 24 | 2.4% | 5.1% | ||
| Q3 24 | 1.1% | 3.1% | ||
| Q2 24 | 3.6% | 3.7% | ||
| Q1 24 | 2.5% | 3.2% |
| Q4 25 | 0.55× | — | ||
| Q3 25 | 1.06× | 0.41× | ||
| Q2 25 | 1.34× | 9.21× | ||
| Q1 25 | 1.17× | 1.49× | ||
| Q4 24 | 0.93× | 2.57× | ||
| Q3 24 | 1.01× | 3.49× | ||
| Q2 24 | 1.38× | -0.43× | ||
| Q1 24 | 0.89× | 0.50× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
