Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Beverages - Non-Alcoholic Stocks

Beverages - Non-Alcoholic: PepsiCo, Inc. owns the largest revenue base; Celsius Holdings, Inc. has the fastest current growth.

The industry itself · before any single company

How has Beverages - Non-Alcoholic moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 16% behind S&P 500. Earnings across its companies grew 14% on average over the last four reported quarters.

ASLEEP · 1y −4.5%Fundamentals up, price down3 of 12 companies ahead of S&P 500 by 5% or more over three months3 are 20% or more behind over a year while earnings grew 20% or more

RS — · 9/12 >200d (+0) · 3/12 lead (−1) · EPS 10/12↑

200202620252024202320222021 399348 TRAILING 12-MONTH EPS · 100 AT THE START0100136Jun 22Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 6 reportingJun 2022 · trailing 12-month earnings per share at 95, against 100 at the start · up 42.3% on a year ago · 8 reportingSep 2022 · trailing 12-month earnings per share at 94, against 100 at the start · up 76.9% on a year ago · 10 reportingDec 2022 · trailing 12-month earnings per share at 89, against 100 at the start · up 20.6% on a year ago · 9 reportingMar 2023 · trailing 12-month earnings per share at 92, against 100 at the start · down 19.6% on a year ago · 8 reportingJun 2023 · trailing 12-month earnings per share at 108, against 100 at the start · up 0.2% on a year ago · 9 reportingSep 2023 · trailing 12-month earnings per share at 111, against 100 at the start · up 10.7% on a year ago · 8 reportingDec 2023 · trailing 12-month earnings per share at 123, against 100 at the start · up 29.5% on a year ago · 9 reportingMar 2024 · trailing 12-month earnings per share at 117, against 100 at the start · up 40.0% on a year ago · 8 reportingJun 2024 · trailing 12-month earnings per share at 128, against 100 at the start · up 19.5% on a year ago · 9 reportingSep 2024 · trailing 12-month earnings per share at 120, against 100 at the start · up 15.1% on a year ago · 8 reportingDec 2024 · trailing 12-month earnings per share at 118, against 100 at the start · down 0.4% on a year ago · 10 reportingMar 2025 · trailing 12-month earnings per share at 118, against 100 at the start · up 1.1% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 123, against 100 at the start · up 0.0% on a year ago · 10 reportingSep 2025 · trailing 12-month earnings per share at 122, against 100 at the start · up 1.0% on a year ago · 8 reportingDec 2025 · trailing 12-month earnings per share at 128, against 100 at the start · up 7.1% on a year ago · 9 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · up 28.6% on a year ago · 6 reportingJun 2026 · trailing 12-month earnings per share at 112, against 100 at the start · up 20.3% on a year ago · 4 reporting · thin coverageNot reported yet — earnings trail price by a quarter or two112No earnings on file this far back — the price series reaches further than the filings do
200202620252024202320222021 399348 TRAILING 12-MONTH EPS · 100 AT THE START0100136Jun 22Jun 23Jun 24Jun 25Jun 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 6 reportingJun 2022 · trailing 12-month earnings per share at 95, against 100 at the start · up 42.3% on a year ago · 8 reportingSep 2022 · trailing 12-month earnings per share at 94, against 100 at the start · up 76.9% on a year ago · 10 reportingDec 2022 · trailing 12-month earnings per share at 89, against 100 at the start · up 20.6% on a year ago · 9 reportingMar 2023 · trailing 12-month earnings per share at 92, against 100 at the start · down 19.6% on a year ago · 8 reportingJun 2023 · trailing 12-month earnings per share at 108, against 100 at the start · up 0.2% on a year ago · 9 reportingSep 2023 · trailing 12-month earnings per share at 111, against 100 at the start · up 10.7% on a year ago · 8 reportingDec 2023 · trailing 12-month earnings per share at 123, against 100 at the start · up 29.5% on a year ago · 9 reportingMar 2024 · trailing 12-month earnings per share at 117, against 100 at the start · up 40.0% on a year ago · 8 reportingJun 2024 · trailing 12-month earnings per share at 128, against 100 at the start · up 19.5% on a year ago · 9 reportingSep 2024 · trailing 12-month earnings per share at 120, against 100 at the start · up 15.1% on a year ago · 8 reportingDec 2024 · trailing 12-month earnings per share at 118, against 100 at the start · down 0.4% on a year ago · 10 reportingMar 2025 · trailing 12-month earnings per share at 118, against 100 at the start · up 1.1% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 123, against 100 at the start · up 0.0% on a year ago · 10 reportingSep 2025 · trailing 12-month earnings per share at 122, against 100 at the start · up 1.0% on a year ago · 8 reportingDec 2025 · trailing 12-month earnings per share at 128, against 100 at the start · up 7.1% on a year ago · 9 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · up 28.6% on a year ago · 6 reportingJun 2026 · trailing 12-month earnings per share at 112, against 100 at the start · up 20.3% on a year ago · 4 reporting · thin coverageNot reported yet — earnings trail price by a quarter or twoNo earnings on file this far back — the price series reaches further than the filings do
Beverages - Non-Alcoholic, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy NarrowHow much of the industry is participating, how recently, and whether the movers score well.
Together3 of 12 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score +6 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/30
Mid 1/40
Small 1/5−1

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 12 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Beverages - Non-Alcoholic outperforming S&P 500?

Beverages - Non-Alcoholic has underperformed S&P 500 by 5.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 0.5%. 7 of 11 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is broad. The Vita Coco Company, Inc. is the strongest against the sector itself at +20.8%.

+0.5%Sector vs S&P 500 · 13 weeks
-5.8%Sector vs S&P 500 · 52 weeks
7/11Stocks leading S&P 500
7/11Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Beverages - Non-Alcoholic has underperformed S&P 500 by 5.8% over 52 weeks and 0.5% over 13 weeks. 7 of 11 covered companies beat the S&P 500 on Mansfield relative strength, while 7 of 11 beat the sector itself. PepsiCo, Inc. leads with revenue of $96,904 million, based on 8 of 13 comparable companies through Jun 2026.

Is the Beverages - Non-Alcoholic sector outperforming S&P 500?

Beverages - Non-Alcoholic has underperformed S&P 500 by 5.8% over 52 weeks and 0.5% over 13 weeks. 7 of 11 covered companies beat the S&P 500 on Mansfield relative strength, while 7 of 11 beat the sector itself.

Which Beverages - Non-Alcoholic company is largest by revenue?

PepsiCo, Inc. leads with revenue of $96,904 million, based on 8 of 13 comparable companies through Jun 2026.

Which Beverages - Non-Alcoholic company is growing fastest?

Celsius Holdings, Inc. has the fastest current revenue growth at 100%, across 8 of 13 comparable companies.

Which Beverages - Non-Alcoholic company has the strongest 4-Factor Sector Score?

Monster Beverage Corporation ranks first at 72.1/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Beverages - Non-Alcoholic company reports the most CAPEX?

PepsiCo, Inc. reports the largest latest CAPEX at $819 million, with 13 of 13 companies comparable.

Which Beverages - Non-Alcoholic company has the least gross debt?

Monster Beverage Corporation has the lowest comparable gross debt at $0 million. PepsiCo, Inc. has the highest at $53,214 million.

Which Beverages - Non-Alcoholic company has the lowest comparable PEG?

PepsiCo, Inc. has the lowest comparable Guarded PEG at 0.48, among 5 of 13 companies that pass the metric’s comparability rules.

How much history does this Beverages - Non-Alcoholic comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
13
complete canonical membership
Combined market value
$798.8B
The Coca-Cola Company
Revenue growing
7/8
positive TTM year-on-year growth
Beating S&P 500
7/11
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Monster Beverage Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
Keurig Dr Pepper Inc. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Primo Brands Corporation has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Monster Beverage Corporation · MNST

72.1/100 · Favorable setup · 82% evidence

Exact sum: 23.5 + 18.5 + 11.9 + 18.2 = 72.1

Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

23.5/35Growth & earnings

Revenue 18% · PAT 34.5% · OPM change 0.3 pp

83% evidence

18.5/25Capital efficiency

ROCE 9.1% · debt/equity 0×

80% evidence

11.9/20Valuation

P/E 35× · PEG 0.97

65% evidence

18.2/20Relative strength

RS sector 18.3% · RS bench 17.3% · 1Y 65.6%

100% evidence

2. The Vita Coco Company, Inc. · COCO

66.1/100 · Thin evidence · provisional · 59% evidence

Exact sum: 23.7 + 19 + 9.4 + 14 = 66.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

23.7/35Growth & earnings

Revenue — · PAT — · OPM change 4 pp

45% evidence

19.0/25Capital efficiency

ROCE 17.4% · debt/equity 0.03×

80% evidence

9.4/20Valuation

P/E 36.5× · PEG —

15% evidence

14.0/20Relative strength

RS sector 20.8% · RS bench 20% · 1Y 100.2%

100% evidence

3. The Coca-Cola Company · KO

56.5/100 · Thin evidence · provisional · 59% evidence

Exact sum: 18.3 + 12.7 + 10 + 15.5 = 56.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.3/35Growth & earnings

Revenue — · PAT — · OPM change 0.9 pp

45% evidence

12.7/25Capital efficiency

ROCE 5.5% · debt/equity 1.23×

80% evidence

10.0/20Valuation

P/E 24.1× · PEG —

15% evidence

15.5/20Relative strength

RS sector 11.2% · RS bench 10.2% · 1Y 28.2%

100% evidence

4. PepsiCo, Inc. · PEP

54.6/100 · Mixed-positive evidence · 86% evidence

Exact sum: 25.4 + 9.7 + 15.9 + 3.6 = 54.6

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -10% and the one-year return is 2.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

25.4/35Growth & earnings

Revenue 5.6% · PAT 38.3% · OPM change 8.7 pp

95% evidence

9.7/25Capital efficiency

ROCE 5.5% · debt/equity 2.39×

80% evidence

15.9/20Valuation

P/E 18.9× · PEG 0.48

65% evidence

3.6/20Relative strength

RS sector -10% · RS bench -10.9% · 1Y 2.6%

100% evidence

5. Coca-Cola Consolidated, Inc. · COKE

50.5/100 · Thin evidence · provisional · 59% evidence

Exact sum: 15.8 + 11.8 + 10.3 + 12.6 = 50.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

15.8/35Growth & earnings

Revenue — · PAT — · OPM change -1.8 pp

45% evidence

11.8/25Capital efficiency

ROCE 6.5% · debt/equity 1.17×

80% evidence

10.3/20Valuation

P/E 22.4× · PEG —

15% evidence

12.6/20Relative strength

RS sector 13% · RS bench 11.9% · 1Y 73.5%

100% evidence

6. Keurig Dr Pepper Inc. · KDP

47.5/100 · Mixed-negative evidence · 82% evidence

Exact sum: 12.5 + 9.5 + 14.2 + 11.3 = 47.5

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

12.5/35Growth & earnings

Revenue 9.2% · PAT 21.8% · OPM change -3 pp

83% evidence

9.5/25Capital efficiency

ROCE 1.4% · debt/equity 0.88×

80% evidence

14.2/20Valuation

P/E 19.5× · PEG 0.86

65% evidence

11.3/20Relative strength

RS sector 1.3% · RS bench 0.4% · 1Y -6.7%

100% evidence

7. Primo Brands Corporation · PRMB

45.2/100 · Mixed-negative evidence · 65% evidence

Exact sum: 16 + 5.3 + 8.5 + 15.4 = 45.2

Decision use: Price leads the evidence: RS versus the benchmark is 4.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

16.0/35Growth & earnings

Revenue 18.6% · PAT — · OPM change -1 pp

62% evidence

5.3/25Capital efficiency

ROCE 1.5% · debt/equity 1.93×

80% evidence

8.5/20Valuation

P/E 134.5× · PEG —

15% evidence

15.4/20Relative strength

RS sector 5.6% · RS bench 4.7% · 1Y -13%

100% evidence

8. Celsius Holdings, Inc. · CELH

44.7/100 · Mixed-negative evidence · 82% evidence

Exact sum: 26.2 + 11.1 + 6.1 + 1.3 = 44.7

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -37.8% and the one-year return is -34.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

26.2/35Growth & earnings

Revenue 100% · PAT 56.8% · OPM change 2 pp

83% evidence

11.1/25Capital efficiency

ROCE 5% · debt/equity 0.22×

80% evidence

6.1/20Valuation

P/E 82.5× · PEG 2.4

65% evidence

1.3/20Relative strength

RS sector -37.8% · RS bench -38.5% · 1Y -34.1%

100% evidence

9. Zevia PBC · ZVIA

44.3/100 · Thin evidence · provisional · 56% evidence

Exact sum: 22.3 + 8.1 + 10 + 3.9 = 44.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

22.3/35Growth & earnings

Revenue 11.1% · PAT — · OPM change 11.7 pp

62% evidence

8.1/25Capital efficiency

ROCE -6.6% · debt/equity 0×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

3.9/20Relative strength

RS sector -25.1% · RS bench -25.7% · 1Y -48%

70% evidence

10. Buda Juice, Inc. · BUDA

40.0/100 · Thin evidence · provisional · 52% evidence

Exact sum: 8.2 + 12.7 + 9.1 + 10 = 40

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

8.2/35Growth & earnings

Revenue 16.7% · PAT -25% · OPM change -10 pp

83% evidence

12.7/25Capital efficiency

ROCE 5.4% · debt/equity 0.05×

80% evidence

9.1/20Valuation

P/E 42.4× · PEG —

15% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

11. National Beverage Corp. · FIZZ

33.4/100 · Adverse evidence · 86% evidence

Exact sum: 7 + 15 + 6.5 + 4.9 = 33.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

7.0/35Growth & earnings

Revenue -1.7% · PAT -2.7% · OPM change -1.4 pp

95% evidence

15.0/25Capital efficiency

ROCE 8% · debt/equity 0.09×

80% evidence

6.5/20Valuation

P/E 17.4× · PEG 3.72

65% evidence

4.9/20Relative strength

RS sector -14.2% · RS bench -15.1% · 1Y -29.7%

100% evidence

12. Coca-Cola Europacific Partners PLC · CCEP

56.2/100 · Thin evidence · provisional · 35% evidence

Exact sum: 18 + 11.1 + 11.2 + 15.9 = 56.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.0/35Growth & earnings

Revenue — · PAT — · OPM change —

9% evidence

11.1/25Capital efficiency

ROCE 3.2% · debt/equity —

34% evidence

11.2/20Valuation

P/E 18.1× · PEG —

15% evidence

15.9/20Relative strength

RS sector 10.7% · RS bench 9.7% · 1Y 14.5%

100% evidence

13. Suja Life, Inc. · SUJA

45.9/100 · Thin evidence · provisional · 20% evidence

Exact sum: 17 + 8.9 + 10 + 10 = 45.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.0/35Growth & earnings

Revenue — · PAT — · OPM change —

8% evidence

8.9/25Capital efficiency

ROCE 8.7% · debt/equity 8.25×

68% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

PepsiCo, Inc. has the highest Revenue among the 13 Beverages - Non-Alcoholic companies compared here, at $96,904 million. Keurig Dr Pepper Inc. is next at $16,944 million. Celsius Holdings, Inc. has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: PepsiCo, Inc. is the scale leader at $96,904 million, 471.9% ahead of Keurig Dr Pepper Inc.. Celsius Holdings, Inc.'s growth is stored at the ≥100% scoring cap; the uncapped TTM change is 123.4% from a $2,969 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderPepsiCo, Inc. · $96,904 million
Gap471.9% versus #2 · Keurig Dr Pepper Inc.
Persistence5/8 recent comparable periods
Coverage8/13 companies · 207 observations

Investor read: PepsiCo, Inc. is the scale benchmark; Celsius Holdings, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: PepsiCo, Inc.'s growth falls below Celsius Holdings, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1PepsiCo, Inc. PEP$96.9B
2Keurig Dr Pepper Inc. KDP$16.9B
3Monster Beverage Corporation MNST$8.8B
4Primo Brands Corporation PRMB$6.7B
5Celsius Holdings, Inc. CELH$3.0B
Revenue growthfastest growers
1Celsius Holdings, Inc. CELH100%
2Primo Brands Corporation PRMB19%
3Monster Beverage Corporation MNST18%
4Buda Juice, Inc. BUDA17%
5Zevia PBC ZVIA11%
Revenue · company comparison
8/13 level · 8/13 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
PepsiCo, Inc. PEP$24.2B6.4%Jun 2026
The Coca-Cola Company KO$12.5B-0.5%Jun 2026
Coca-Cola Europacific Partners PLC CCEP$10.6B0.2%Dec 2025
Keurig Dr Pepper Inc. KDP$4.0B9.4%Mar 2026
Monster Beverage Corporation MNST$2.4B27%Mar 2026
Coca-Cola Consolidated, Inc. COKE$1.8B-0.5%Jun 2026
Primo Brands Corporation PRMB$1.6B0.7%Mar 2026
Celsius Holdings, Inc. CELH$783M138%Mar 2026
National Beverage Corp. FIZZ$297M-5.4%Jun 2026
The Vita Coco Company, Inc. COCO$180M37%Jun 2026
Suja Life, Inc. SUJA$107M23%Mar 2026
Zevia PBC ZVIA$46M21%Mar 2026
Buda Juice, Inc. BUDA$4M33%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Celsius Holdings, Inc. · CELH

$95M
$104M
$133M
$154M
$188M
$178M
$260M
$326M
$385M
$347M
$356M
$402M
$266M
$332M
$329M
$739M
$725M
$722M
$783M

Coca-Cola Consolidated, Inc. · COKE

$1.4B
$1.5B
$1.4B
$1.6B
$1.6B
$1.7B
$1.7B
$1.6B
$1.8B
$1.8B
$1.7B
$1.6B
$1.9B
$1.9B
$1.9B
$1.8B

Coca-Cola Europacific Partners PLC · CCEP

$5.9B
$7.8B
$8.3B
$9.0B
$9.0B
$9.3B
$9.8B
$10.6B
$10.3B
$10.6B

Keurig Dr Pepper Inc. · KDP

$3.3B
$3.4B
$3.1B
$3.6B
$3.6B
$3.8B
$3.4B
$3.8B
$3.8B
$3.9B
$3.5B
$3.9B
$3.9B
$4.1B
$3.6B
$4.2B
$4.3B
$4.5B
$4.0B

Monster Beverage Corporation · MNST

$1.4B
$1.4B
$1.5B
$1.7B
$1.6B
$1.5B
$1.7B
$1.9B
$1.9B
$1.7B
$1.9B
$1.9B
$1.9B
$1.8B
$1.9B
$2.1B
$2.2B
$2.1B
$2.4B

National Beverage Corp. · FIZZ

$312M
$283M
$259M
$284M
$318M
$300M
$268M
$287M
$324M
$300M
$270M
$297M
$329M
$291M
$267M
$314M
$331M
$288M
$265M
$297M

PepsiCo, Inc. · PEP

$20.2B
$25.2B
$16.2B
$20.2B
$22.0B
$28.0B
$17.8B
$22.3B
$23.5B
$27.9B
$18.3B
$22.5B
$23.3B
$27.8B
$17.9B
$22.7B
$23.9B
$29.3B
$19.4B
$24.2B

Primo Brands Corporation · PRMB

$526M
$551M
$518M
$526M
$571M
$585M
$413M
$451M
$1.1B
$1.3B
$1.3B
$1.4B
$1.6B
$1.7B
$1.8B
$1.6B
$1.6B

Suja Life, Inc. · SUJA

$87M
$107M

The Coca-Cola Company · KO

$10.1B
$10.0B
$10.5B
$11.3B
$10.1B
$11.0B
$12.0B
$12.0B
$10.8B
$11.3B
$12.4B
$11.9B
$11.5B
$11.1B
$12.5B
$12.5B
$11.8B
$12.5B

The Vita Coco Company, Inc. · COCO

$116M
$87M
$96M
$115M
$124M
$92M
$110M
$140M
$138M
$106M
$112M
$144M
$133M
$127M
$131M
$169M
$182M
$128M
$180M

Zevia PBC · ZVIA

$39M
$34M
$38M
$46M
$44M
$35M
$43M
$42M
$43M
$38M
$39M
$40M
$36M
$39M
$38M
$45M
$41M
$38M
$46M

Revenue growth · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Celsius Holdings, Inc. · CELH

137%
98%
71%
95%
112%
105%
95%
37%
23%
-31%
-4.3%
-7.6%
84%
173%
117%
138%

Coca-Cola Consolidated, Inc. · COKE

17%
11%
11%
24%
7.3%
1.3%
3.3%
3.2%
-0.8%
3.3%
6.9%
9.0%
-0.5%

Coca-Cola Europacific Partners PLC · CCEP

36%
40%
15%
3.2%
9.5%
14%
4.5%
0.2%

Keurig Dr Pepper Inc. · KDP

13%
11%
12%
8.9%
6.6%
5.1%
1.7%
3.4%
3.5%
2.3%
5.3%
4.8%
6.1%
11%
11%
9.4%

Monster Beverage Corporation · MNST

13%
15%
6.2%
12%
12%
14%
14%
12%
2.5%
1.4%
4.7%
-2.3%
11%
17%
18%
27%

National Beverage Corp. · FIZZ

1.9%
6.0%
3.5%
1.1%
1.9%
0.0%
0.8%
3.5%
1.5%
-3.0%
-1.1%
5.7%
0.6%
-1.0%
-0.8%
-5.4%

PepsiCo, Inc. · PEP

5.3%
8.8%
11%
10%
10%
6.8%
-0.5%
2.3%
0.8%
-0.6%
-0.2%
-1.8%
1.0%
2.7%
5.6%
8.5%
6.4%

Primo Brands Corporation · PRMB

8.6%
6.2%
-21%
-21%
218%
189%
42%
32%
35%
11%
0.7%

Suja Life, Inc. · SUJA

23%

The Coca-Cola Company · KO

12%
0.8%
14%
5.6%
7.2%
2.9%
3.3%
-0.8%
6.4%
-1.5%
1.4%
5.1%
2.4%
-0.5%

The Vita Coco Company, Inc. · COCO

13%
6.9%
5.8%
15%
22%
11%
15%
1.8%
2.9%
-3.6%
20%
17%
17%
37%
0.8%
37%

Zevia PBC · ZVIA

35%
13%
2.9%
13%
-8.7%
-2.3%
8.6%
-9.3%
-4.8%
-16%
2.6%
-2.6%
13%
14%
-2.6%
21%
02 · compare level, then change

Operating Economics & Margin Trend

The Coca-Cola Company has the highest OPM among the 13 Beverages - Non-Alcoholic companies compared here, at 35%. Monster Beverage Corporation is next at 31%. Zevia PBC has the highest Margin change at +11.7 percentage points, so level and change sit with different companies. 11 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: The Coca-Cola Company leads opm at 35%; Zevia PBC leads margin change at +11.7 percentage points.

LeaderThe Coca-Cola Company · 35%
Gap12.9% versus #2 · Monster Beverage Corporation
Persistence6/8 recent comparable periods
Coverage11/13 companies · 195 observations

Investor read: The Coca-Cola Company sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1The Coca-Cola Company KO35%
2Monster Beverage Corporation MNST31%
3Keurig Dr Pepper Inc. KDP19%
4The Vita Coco Company, Inc. COCO19%
5Celsius Holdings, Inc. CELH18%
Margin changefastest expanders
1Zevia PBC ZVIA+11.7 pp
2PepsiCo, Inc. PEP+8.7 pp
3The Vita Coco Company, Inc. COCO+4.0 pp
4Celsius Holdings, Inc. CELH+2.0 pp
5The Coca-Cola Company KO+0.9 pp
Operating margin · company comparison
11/13 level · 11/13 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
The Coca-Cola Company KO35%+0.9 ppJun 2026
Monster Beverage Corporation MNST31%+0.3 ppMar 2026
Keurig Dr Pepper Inc. KDP19%−3.0 ppMar 2026
The Vita Coco Company, Inc. COCO19%+4.0 ppJun 2026
Celsius Holdings, Inc. CELH18%+2.0 ppMar 2026
National Beverage Corp. FIZZ17%−1.4 ppJun 2026
Buda Juice, Inc. BUDA17%−10.0 ppMar 2026
PepsiCo, Inc. PEP17%+8.7 ppJun 2026
Coca-Cola Consolidated, Inc. COKE13%−1.8 ppJun 2026
Primo Brands Corporation PRMB8.5%−1.0 ppMar 2026
Zevia PBC ZVIA-5.1%+11.7 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Buda Juice, Inc. · BUDA

31%
31%
28%
31%
27%
32%
27%
23%
17%

Celsius Holdings, Inc. · CELH

-8.6%
2.7%
7.6%
8.1%
-78%
-18%
17%
20%
25%
17%
23%
23%
-1.2%
-5.6%
16%
19%
-11%
3.6%
18%

Coca-Cola Consolidated, Inc. · COKE

8.4%
9.4%
9.3%
9.2%
13%
13%
13%
14%
14%
13%
13%
12%
15%
13%
13%
13%

Keurig Dr Pepper Inc. · KDP

25%
21%
31%
16%
11%
18%
17%
20%
24%
24%
22%
22%
23%
1.5%
22%
22%
23%
20%
19%

Monster Beverage Corporation · MNST

32%
29%
26%
23%
26%
26%
29%
28%
28%
25%
29%
28%
26%
21%
31%
30%
31%
26%
31%

National Beverage Corp. · FIZZ

23%
18%
16%
16%
15%
16%
17%
17%
20%
18%
18%
18%
21%
20%
19%
18%
21%
20%
19%
17%

PepsiCo, Inc. · PEP

16%
10%
33%
10%
15%
2.9%
15%
16%
17%
6.0%
15%
18%
17%
8.1%
14%
7.9%
15%
12%
17%
17%

Primo Brands Corporation · PRMB

6.0%
7.7%
3.1%
2.9%
1.2%
7.7%
5.2%
9.2%
11%
12%
12%
-5.8%
9.5%
6.5%
8.3%
1.2%
8.5%

The Coca-Cola Company · KO

30%
29%
33%
21%
21%
31%
20%
27%
21%
19%
21%
21%
24%
33%
34%
32%
16%
35%

The Vita Coco Company, Inc. · COCO

15%
-5.9%
-5.9%
4.4%
6.9%
-5.3%
6.1%
15%
17%
5.1%
17%
21%
16%
3.4%
15%
15%
15%
8.0%
19%

Zevia PBC · ZVIA

-127%
-110%
-46%
-32%
-21%
-18%
-7.5%
-13%
-27%
-24%
-19%
-18%
-8.2%
-16%
-17%
-2.3%
-7.0%
-4.0%
-5.1%

Margin change · reported quarter history

Buda Juice, Inc. · BUDA

−4.4 pp
+0.3 pp
−0.7 pp
−7.9 pp
−10.0 pp

Celsius Holdings, Inc. · CELH

+7.5 pp
−69.8 pp
−21.1 pp
+9.7 pp
+11.8 pp
+103.8 pp
+35.4 pp
+6.1 pp
+3.5 pp
−26.6 pp
−22.6 pp
−7.6 pp
−4.1 pp
−9.8 pp
+9.2 pp
+2.0 pp

Coca-Cola Consolidated, Inc. · COKE

+1.6 pp
+1.9 pp
+0.8 pp
+4.1 pp
+3.4 pp
+0.4 pp
+1.0 pp
+0.3 pp
−1.5 pp
+0.3 pp
+0.2 pp
+0.2 pp
−1.8 pp

Keurig Dr Pepper Inc. · KDP

−7.3 pp
−13.6 pp
−3.7 pp
−14.0 pp
+4.2 pp
+12.6 pp
+6.7 pp
+4.7 pp
+1.7 pp
−0.3 pp
−22.9 pp
−0.1 pp
−0.4 pp
−0.1 pp
+18.1 pp
−3.0 pp

Monster Beverage Corporation · MNST

−13.5 pp
−5.8 pp
−2.9 pp
+2.3 pp
+5.7 pp
+1.8 pp
−1.0 pp
−0.1 pp
−0.5 pp
−2.0 pp
−4.1 pp
+2.2 pp
+2.2 pp
+5.2 pp
+4.5 pp
+0.3 pp

National Beverage Corp. · FIZZ

−8.0 pp
−2.5 pp
+0.9 pp
+1.1 pp
+4.9 pp
+2.4 pp
+1.2 pp
+0.8 pp
+1.6 pp
+1.8 pp
+1.1 pp
+0.5 pp
+0.3 pp
+0.2 pp
+0.4 pp
−1.4 pp

PepsiCo, Inc. · PEP

−6.0 pp
−0.3 pp
−7.2 pp
−17.8 pp
+6.1 pp
+1.8 pp
+3.1 pp
+0.2 pp
+1.6 pp
−0.5 pp
+2.1 pp
−0.5 pp
−10.1 pp
−1.7 pp
+4.0 pp
+2.1 pp
+8.7 pp

Primo Brands Corporation · PRMB

−4.8 pp
0.0 pp
+2.3 pp
+8.0 pp
+6.9 pp
+2.9 pp
−1.5 pp
−5.6 pp
−3.8 pp
+7.0 pp
−1.0 pp

The Coca-Cola Company · KO

−9.1 pp
−8.4 pp
−12.4 pp
+6.7 pp
+0.5 pp
−11.8 pp
+1.2 pp
−6.2 pp
+2.5 pp
+14.0 pp
+12.8 pp
+10.8 pp
−7.9 pp
+0.9 pp

The Vita Coco Company, Inc. · COCO

−3.0 pp
−8.5 pp
+0.6 pp
+12.0 pp
+10.5 pp
+10.1 pp
+10.4 pp
+10.9 pp
+5.9 pp
−1.5 pp
−1.7 pp
−2.3 pp
−5.9 pp
−0.2 pp
+4.6 pp
+4.0 pp

Zevia PBC · ZVIA

−30.3 pp
+106.3 pp
+91.6 pp
+38.7 pp
+19.7 pp
−5.7 pp
−5.5 pp
−11.3 pp
−4.8 pp
+18.3 pp
+7.4 pp
+2.0 pp
+15.2 pp
+1.2 pp
+12.1 pp
+11.7 pp
03 · compare level, then change

Profit Scale & Acceleration

PepsiCo, Inc. has the highest Net profit among the 13 Beverages - Non-Alcoholic companies compared here, at $10,515 million. Monster Beverage Corporation is next at $2,031 million. Celsius Holdings, Inc. has the highest Profit growth at 56.8%, so level and change sit with different companies. 8 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: PepsiCo, Inc. leads with $10,515 million of TTM profit, 417.7% above Monster Beverage Corporation. Celsius Holdings, Inc. shows 56.8% growth from a $174 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderPepsiCo, Inc. · $10,515 million
Gap417.7% versus #2 · Monster Beverage Corporation
Persistence4/8 recent comparable periods
Coverage8/13 companies · 208 observations

Investor read: PepsiCo, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1PepsiCo, Inc. PEP$10.5B
2Monster Beverage Corporation MNST$2.0B
3Keurig Dr Pepper Inc. KDP$1.8B
4National Beverage Corp. FIZZ$183M
5Celsius Holdings, Inc. CELH$174M
Profit growthfastest growers
1Celsius Holdings, Inc. CELH57%
2PepsiCo, Inc. PEP38%
3Monster Beverage Corporation MNST35%
4Keurig Dr Pepper Inc. KDP22%
5National Beverage Corp. FIZZ-2.7%
Net profit · company comparison
8/13 level · 6/13 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
The Coca-Cola Company KO$4.0B4.3%Jun 2026
PepsiCo, Inc. PEP$3.0B135%Jun 2026
Coca-Cola Europacific Partners PLC CCEP$1.0B65%Dec 2025
Monster Beverage Corporation MNST$569M28%Mar 2026
Keurig Dr Pepper Inc. KDP$270M-48%Mar 2026
Coca-Cola Consolidated, Inc. COKE$112M-40%Jun 2026
Celsius Holdings, Inc. CELH$110M150%Mar 2026
National Beverage Corp. FIZZ$40M-11%Jun 2026
The Vita Coco Company, Inc. COCO$30M58%Jun 2026
Primo Brands Corporation PRMB$27M-23%Mar 2026
Suja Life, Inc. SUJA$8MMar 2026
Buda Juice, Inc. BUDA$0M-100%Mar 2026
Zevia PBC ZVIA$-2MMar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Celsius Holdings, Inc. · CELH

$-9M
$12M
$7M
$9M
$-182M
$-21M
$41M
$52M
$84M
$50M
$78M
$80M
$6M
$-19M
$44M
$100M
$-61M
$25M
$110M

Coca-Cola Consolidated, Inc. · COKE

$48M
$69M
$93M
$100M
$118M
$122M
$92M
$166M
$173M
$116M
$179M
$104M
$187M
$142M
$137M
$112M

Coca-Cola Europacific Partners PLC · CCEP

$246M
$742M
$675M
$846M
$854M
$815M
$811M
$633M
$937M
$1.0B

Keurig Dr Pepper Inc. · KDP

$-1M
$843M
$585M
$218M
$-1M
$453M
$467M
$503M
$518M
$693M
$454M
$515M
$616M
$-144M
$517M
$547M
$662M
$353M
$270M

Monster Beverage Corporation · MNST

$337M
$321M
$294M
$273M
$322M
$302M
$397M
$414M
$453M
$367M
$442M
$425M
$371M
$271M
$443M
$489M
$524M
$449M
$569M

National Beverage Corp. · FIZZ

$54M
$39M
$31M
$34M
$35M
$36M
$34M
$36M
$50M
$44M
$40M
$44M
$57M
$46M
$40M
$45M
$56M
$46M
$41M
$40M

PepsiCo, Inc. · PEP

$2.2B
$1.3B
$4.3B
$1.4B
$2.7B
$535M
$1.9B
$2.8B
$3.1B
$1.3B
$2.1B
$3.1B
$2.9B
$1.5B
$1.8B
$1.3B
$2.6B
$2.6B
$2.3B
$3.0B

Primo Brands Corporation · PRMB

$43M
$18M
$-3M
$-7M
$-23M
$1M
$3M
$14M
$46M
$34M
$55M
$53M
$-154M
$35M
$31M
$41M
$-25M
$27M

Suja Life, Inc. · SUJA

$-1M
$8M

The Coca-Cola Company · KO

$2.6B
$2.5B
$2.8B
$1.9B
$2.1B
$3.1B
$2.5B
$3.1B
$2.0B
$3.2B
$2.4B
$2.9B
$2.2B
$3.3B
$3.8B
$3.7B
$2.3B
$4.0B

The Vita Coco Company, Inc. · COCO

$13M
$-3M
$2M
$1M
$7M
$-3M
$7M
$18M
$15M
$7M
$14M
$19M
$19M
$3M
$19M
$23M
$24M
$6M
$30M

Zevia PBC · ZVIA

$-50M
$-37M
$-17M
$-15M
$-9M
$-6M
$-3M
$-5M
$-11M
$-9M
$-7M
$-7M
$-3M
$-7M
$-6M
$-1M
$-3M
$-1M
$-2M

Profit growth · reported quarter history

Buda Juice, Inc. · BUDA

0.0%
0.0%
0.0%
0.0%
-100%

Celsius Holdings, Inc. · CELH

800%
-275%
486%
478%
90%
54%
-93%
-138%
-44%
25%
-1,117%
150%

Coca-Cola Consolidated, Inc. · COKE

12%
75%
108%
31%
-8.0%
41%
42%
26%
-37%
8.1%
22%
-23%
-40%

Coca-Cola Europacific Partners PLC · CCEP

99%
174%
14%
-3.7%
-5.0%
-22%
16%
65%

Keurig Dr Pepper Inc. · KDP

-51%
-46%
-20%
131%
53%
-2.8%
2.4%
19%
-121%
14%
6.2%
7.5%
-48%

Monster Beverage Corporation · MNST

-32%
-4.5%
-5.9%
35%
52%
41%
22%
11%
2.7%
-18%
-26%
0.2%
15%
41%
66%
28%

National Beverage Corp. · FIZZ

-35%
-7.7%
9.7%
5.9%
43%
22%
18%
22%
14%
4.6%
0.0%
2.3%
-1.8%
0.0%
2.5%
-11%

PepsiCo, Inc. · PEP

-39%
21%
-60%
-55%
92%
14%
147%
5.6%
12%
-5.5%
16%
-10%
-59%
-11%
67%
27%
135%

Primo Brands Corporation · PRMB

-153%
-94%
4,500%
1,733%
279%
-435%
2.9%
-44%
-23%
-23%

The Coca-Cola Company · KO

-28%
-17%
-9.7%
62%
-3.4%
2.3%
-4.8%
-7.6%
11%
4.7%
58%
29%
4.7%
4.3%

The Vita Coco Company, Inc. · COCO

-88%
-46%
250%
1,700%
114%
100%
5.6%
27%
-57%
36%
21%
26%
100%
58%
04 · compare level, then change

Capacity Spending & Returns On It

PepsiCo, Inc. has the highest CAPEX among the 13 Beverages - Non-Alcoholic companies compared here, at $819 million. Coca-Cola Europacific Partners PLC is next at $407 million. Suja Life, Inc. has the highest CAPEX intensity at 8.4%, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: PepsiCo, Inc. reports $819 million of CAPEX; Suja Life, Inc. has the highest covered intensity at 8.4%. Coverage is only 13 of 13 companies and 203 reported observations, so this is partial evidence—not a complete sector rank.

LeaderPepsiCo, Inc. · $819 million
Gap101.2% versus #2 · Coca-Cola Europacific Partners PLC
Persistence8/8 recent comparable periods
Coverage13/13 companies · 203 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1PepsiCo, Inc. PEP$819M
2Coca-Cola Europacific Partners PLC CCEP · older report$407M
3The Coca-Cola Company KO$266M
4Keurig Dr Pepper Inc. KDP$116M
5Primo Brands Corporation PRMB$105M
CAPEX intensityhighest reinvestment intensity
1Suja Life, Inc. SUJA8.4%
2Primo Brands Corporation PRMB6.5%
3Coca-Cola Europacific Partners PLC CCEP · older report3.8%
4Coca-Cola Consolidated, Inc. COKE3.4%
5National Beverage Corp. FIZZ3.4%
Capital expenditure · company comparison
13/13 level · 13/13 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
PepsiCo, Inc. PEP$819M3.4%Jun 2026
Coca-Cola Europacific Partners PLC CCEP$407M3.8%Dec 2025
The Coca-Cola Company KO$266M2.1%Jun 2026
Keurig Dr Pepper Inc. KDP$116M2.9%Mar 2026
Primo Brands Corporation PRMB$105M6.5%Mar 2026
Coca-Cola Consolidated, Inc. COKE$63M3.4%Jun 2026
Monster Beverage Corporation MNST$21M0.9%Mar 2026
National Beverage Corp. FIZZ$10M3.4%Jun 2026
Suja Life, Inc. SUJA$9M8.4%Mar 2026
Celsius Holdings, Inc. CELH$8M1.0%Mar 2026
The Vita Coco Company, Inc. COCO$0M0.0%Jun 2026
Zevia PBC ZVIA$0M0.0%Mar 2026
Buda Juice, Inc. BUDA$0M0.0%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Celsius Holdings, Inc. · CELH

$1M
$1M
$1M
$2M
$1M
$5M
$2M
$5M
$6M
$5M
$5M
$9M
$5M
$5M
$7M
$8M
$10M
$10M
$8M

Coca-Cola Consolidated, Inc. · COKE

$104M
$53M
$77M
$82M
$128M
$84M
$98M
$60M
$53M
$102M
$63M

Coca-Cola Europacific Partners PLC · CCEP

$230M
$234M
$356M
$322M
$264M
$408M
$390M
$401M
$343M
$407M

Keurig Dr Pepper Inc. · KDP

$102M
$102M
$109M
$77M
$74M
$93M
$62M
$87M
$122M
$154M
$158M
$115M
$125M
$165M
$120M
$106M
$112M
$148M
$116M

Monster Beverage Corporation · MNST

$13M
$16M
$22M
$78M
$37M
$53M
$40M
$42M
$28M
$111M
$66M
$60M
$47M
$91M
$29M
$31M
$44M
$28M
$21M

National Beverage Corp. · FIZZ

$5M
$2M
$9M
$13M
$3M
$5M
$4M
$10M
$5M
$7M
$7M
$11M
$4M
$7M
$10M
$15M
$3M
$6M
$6M
$10M

PepsiCo, Inc. · PEP

$971M
$2.3B
$522M
$977M
$1.1B
$2.7B
$581M
$932M
$1.0B
$3.0B
$614M
$1.1B
$1.1B
$2.5B
$603M
$904M
$992M
$1.9B
$447M
$819M

Primo Brands Corporation · PRMB

$35M
$38M
$53M
$39M
$47M
$70M
$42M
$27M
$24M
$41M
$32M
$53M
$62M
$54M
$116M
$146M
$105M

Suja Life, Inc. · SUJA

$2M
$9M

The Coca-Cola Company · KO

$234M
$278M
$217M
$270M
$708M
$276M
$339M
$386M
$851M
$370M
$422M
$469M
$803M
$309M
$442M
$479M
$882M
$266M

The Vita Coco Company, Inc. · COCO

$0M
$0M
$0M
$1M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$1M
$1M
$3M
$3M
$0M
$0M

Zevia PBC · ZVIA

$0M
$1M
$1M
$1M
$1M
$0M
$1M
$1M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M

CAPEX intensity · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Celsius Holdings, Inc. · CELH

1.1%
1.0%
0.8%
1.3%
0.5%
2.8%
0.8%
1.5%
1.6%
1.4%
1.4%
2.2%
1.9%
1.5%
2.1%
1.1%
1.4%
1.4%
1.0%

Coca-Cola Consolidated, Inc. · COKE

7.4%
3.4%
4.8%
4.6%
7.2%
4.8%
6.2%
3.2%
2.8%
5.4%
3.4%

Coca-Cola Europacific Partners PLC · CCEP

3.9%
3.0%
4.3%
3.6%
2.9%
4.4%
4.0%
3.8%
3.3%
3.8%

Keurig Dr Pepper Inc. · KDP

3.1%
3.0%
3.5%
2.2%
2.0%
2.4%
1.8%
2.3%
3.2%
4.0%
4.6%
2.9%
3.2%
4.1%
3.3%
2.5%
2.6%
3.3%
2.9%

Monster Beverage Corporation · MNST

0.9%
1.1%
1.4%
4.7%
2.3%
3.5%
2.4%
2.3%
1.5%
6.4%
3.5%
3.2%
2.5%
5.0%
1.6%
1.5%
2.0%
1.3%
0.9%

National Beverage Corp. · FIZZ

1.6%
0.7%
3.5%
4.6%
0.9%
1.7%
1.5%
3.5%
1.5%
2.3%
2.6%
3.7%
1.2%
2.4%
3.7%
4.8%
0.9%
2.1%
2.3%
3.4%

PepsiCo, Inc. · PEP

4.8%
9.3%
3.2%
4.8%
4.8%
9.5%
3.3%
4.2%
4.4%
11%
3.4%
4.8%
4.9%
8.9%
3.4%
4.0%
4.1%
6.5%
2.3%
3.4%

Primo Brands Corporation · PRMB

6.7%
6.9%
10%
7.4%
8.2%
12%
10%
6.0%
2.1%
3.1%
2.5%
3.8%
3.8%
3.1%
6.6%
9.4%
6.5%

Suja Life, Inc. · SUJA

2.3%
8.4%

The Coca-Cola Company · KO

2.3%
2.8%
2.1%
2.4%
7.0%
2.5%
2.8%
3.2%
7.8%
3.3%
3.4%
4.0%
7.0%
2.8%
3.5%
3.8%
7.5%
2.1%

The Vita Coco Company, Inc. · COCO

0.0%
0.0%
0.0%
0.9%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.8%
0.6%
1.6%
2.3%
0.0%

Zevia PBC · ZVIA

0.0%
2.9%
2.6%
2.2%
2.3%
0.0%
2.3%
2.4%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual capital allocation · 6-year view
13/13 capacity base · 13/13 OCF · 13/13 CAPEX · 13/13 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

PepsiCo, Inc. · PEP

$22.4B
$24.3B
$27.0B
$28.0B
$29.9B

Suja Life, Inc. · SUJA

$62M
$59M
$69M

Zevia PBC · ZVIA

$3M
$5M
$4M
$2M
$1M

Operating cash flow · fiscal-year history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

PepsiCo, Inc. · PEP

$11.6B
$10.8B
$13.4B
$12.5B
$12.1B

Suja Life, Inc. · SUJA

$18M
$10M
$8M

The Coca-Cola Company · KO

$12.6B
$11.0B
$11.6B
$6.8B
$7.4B

Zevia PBC · ZVIA

$-18M
$-21M
$-16M
$-1M
$-5M

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

PepsiCo, Inc. · PEP

$4.6B
$5.2B
$5.5B
$5.3B
$4.4B

Suja Life, Inc. · SUJA

$11M
$4M
$14M

Zevia PBC · ZVIA

$3M
$3M
$2M
$0M
$0M

Free cash flow · fiscal-year history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

PepsiCo, Inc. · PEP

$7.0B
$5.6B
$7.9B
$7.2B
$7.7B

Suja Life, Inc. · SUJA

$7M
$6M
$-6M

Zevia PBC · ZVIA

$-21M
$-23M
$-18M
$-1M
$-5M
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Monster Beverage Corporation has the lowest Gross debt among the 13 Beverages - Non-Alcoholic companies compared here, at $0 million. The same company also holds the lowest Net debt, at $2,985 million net cash. 12 of 13 companies report a comparable reading, the latest through Mar 2026. Its Gross debt series carries 19 reported observations across the 20-quarter window.

What the numbers say: Monster Beverage Corporation has the clearest covered balance-sheet capacity with $2,985 million net cash and gross debt of $0 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderMonster Beverage Corporation · $0 million
Gapnull versus #2 · Zevia PBC
Persistence8/8 recent comparable periods
Coverage12/13 companies · 204 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Monster Beverage Corporation MNST$0M
2Zevia PBC ZVIA$0M
3Buda Juice, Inc. BUDA$1M
4The Vita Coco Company, Inc. COCO$13M
5National Beverage Corp. FIZZ$59M
Net debtlowest net debt
1Monster Beverage Corporation MNST$-3.0B
2National Beverage Corp. FIZZ$-291M
3The Vita Coco Company, Inc. COCO$-266M
4Zevia PBC ZVIA$-27M
5Buda Juice, Inc. BUDA$-19M
Debt and balance-sheet capacity · company comparison
12/13 level · 12/13 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
PepsiCo, Inc. PEP$53.2B$42.5BJun 2026
The Coca-Cola Company KO$43.9B$30.1BJun 2026
Keurig Dr Pepper Inc. KDP$25.7B$24.8BMar 2026
Primo Brands Corporation PRMB$5.7B$5.4BMar 2026
Coca-Cola Consolidated, Inc. COKE$2.8B$2.5BJun 2026
Celsius Holdings, Inc. CELH$669M$120MMar 2026
Suja Life, Inc. SUJA$330M$303MMar 2026
National Beverage Corp. FIZZ$59M$-291MJun 2026
The Vita Coco Company, Inc. COCO$13M$-266MJun 2026
Buda Juice, Inc. BUDA$1M$-19MMar 2026
Monster Beverage Corporation MNST$0M$-3.0BMar 2026
Zevia PBC ZVIA$0M$-27MMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Buda Juice, Inc. · BUDA

$2M
$2M
$0M
$0M
$1M
$1M
$1M

Celsius Holdings, Inc. · CELH

$1M
$1M
$1M
$1M
$1M
$1M
$1M
$1M
$1M
$2M
$2M
$2M
$6M
$0M
$20M
$863M
$861M
$670M
$669M

Coca-Cola Consolidated, Inc. · COKE

$988M
$1.0B
$878M
$876M
$755M
$748M
$743M
$737M
$735M
$728M
$1.9B
$1.9B
$1.9B
$1.9B
$1.9B
$1.9B
$2.9B
$2.8B

Keurig Dr Pepper Inc. · KDP

$12.7B
$11.9B
$11.6B
$11.6B
$11.6B
$12.0B
$12.2B
$12.6B
$12.7B
$13.2B
$14.8B
$14.8B
$14.9B
$15.6B
$15.9B
$15.9B
$15.8B
$16.1B
$25.7B

Monster Beverage Corporation · MNST

$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$749M
$749M
$374M
$199M
$0M
$0M
$0M
$0M

National Beverage Corp. · FIZZ

$41M
$38M
$89M
$61M
$41M
$41M
$41M
$42M
$42M
$45M
$58M
$55M
$52M
$50M
$55M
$72M
$70M
$66M
$63M
$59M

PepsiCo, Inc. · PEP

$41.3B
$40.3B
$40.0B
$39.3B
$39.2B
$39.1B
$41.8B
$43.6B
$44.8B
$44.1B
$45.9B
$44.9B
$45.0B
$44.3B
$48.5B
$51.4B
$50.8B
$49.2B
$52.7B
$53.2B

Primo Brands Corporation · PRMB

$1.7B
$1.7B
$1.7B
$1.7B
$1.7B
$1.7B
$1.8B
$1.7B
$4.1B
$1.4B
$1.4B
$1.4B
$5.7B
$5.7B
$5.7B
$5.7B
$5.7B
$5.7B

Suja Life, Inc. · SUJA

$183M
$183M
$305M
$305M
$331M
$331M
$330M

The Coca-Cola Company · KO

$42.0B
$41.7B
$41.7B
$41.9B
$39.1B
$42.4B
$41.6B
$40.2B
$42.1B
$42.6B
$43.8B
$46.3B
$44.5B
$49.1B
$49.4B
$47.4B
$45.5B
$43.9B

The Vita Coco Company, Inc. · COCO

$38M
$0M
$12M
$22M
$10M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$13M
$14M
$14M
$13M
$13M
$13M

Zevia PBC · ZVIA

$0M
$0M
$1M
$1M
$1M
$1M
$2M
$2M
$2M
$2M
$2M
$2M
$2M
$1M
$1M
$1M
$1M
$1M
$0M

Net debt · reported quarter history

Buda Juice, Inc. · BUDA

$1M
$1M
$-2M
$-2M
$-1M
$-1M
$-19M

Celsius Holdings, Inc. · CELH

$-60M
$-15M
$-25M
$-59M
$-591M
$-613M
$-594M
$-680M
$-759M
$-754M
$-877M
$-901M
$-898M
$-890M
$-957M
$248M
$55M
$271M
$120M

Coca-Cola Consolidated, Inc. · COKE

$934M
$823M
$751M
$687M
$557M
$458M
$313M
$121M
$100M
$143M
$10M
$449M
$470M
$410M
$333M
$234M
$2.6B
$2.5B

Keurig Dr Pepper Inc. · KDP

$12.5B
$11.3B
$11.0B
$11.0B
$10.6B
$11.4B
$12.0B
$12.3B
$12.5B
$12.9B
$14.5B
$14.4B
$14.3B
$15.0B
$15.3B
$15.4B
$15.3B
$15.1B
$24.8B

Monster Beverage Corporation · MNST

$-2.9B
$-3.1B
$-2.7B
$-2.5B
$-2.7B
$-2.7B
$-3.1B
$-3.3B
$-3.0B
$-3.3B
$-3.6B
$-816M
$-876M
$-1.2B
$-1.7B
$-2.1B
$-2.6B
$-2.8B
$-3.0B

National Beverage Corp. · FIZZ

$-205M
$-235M
$49M
$13M
$-15M
$-52M
$-77M
$-116M
$-181M
$-203M
$-219M
$-272M
$-25M
$-63M
$-94M
$-122M
$-180M
$-203M
$-251M
$-291M

PepsiCo, Inc. · PEP

$34.4B
$34.3B
$33.1B
$33.6B
$32.5B
$33.7B
$36.6B
$37.2B
$34.5B
$34.1B
$37.5B
$38.3B
$37.0B
$35.0B
$39.9B
$43.4B
$42.2B
$39.7B
$41.9B
$42.5B

Primo Brands Corporation · PRMB

$1.6B
$1.5B
$1.6B
$1.6B
$1.6B
$1.6B
$1.7B
$1.7B
$4.0B
$923M
$822M
$772M
$5.1B
$5.2B
$5.3B
$5.3B
$5.3B
$5.4B

Suja Life, Inc. · SUJA

$155M
$155M
$289M
$289M
$300M
$300M
$303M

The Coca-Cola Company · KO

$29.0B
$26.8B
$31.3B
$30.3B
$27.5B
$28.1B
$25.9B
$24.7B
$28.4B
$25.6B
$24.8B
$28.1B
$30.0B
$35.3B
$35.1B
$31.6B
$29.7B
$30.1B

The Vita Coco Company, Inc. · COCO

$2M
$-29M
$-6M
$6M
$-11M
$-20M
$-29M
$-48M
$-95M
$-133M
$-123M
$-150M
$-157M
$-165M
$-141M
$-153M
$-190M
$-184M
$-189M
$-266M

Zevia PBC · ZVIA

$-79M
$-73M
$-58M
$-49M
$-48M
$-46M
$-54M
$-45M
$-37M
$-30M
$-27M
$-27M
$-31M
$-30M
$-27M
$-25M
$-25M
$-24M
$-27M
06 · compare level, then change

Return On Capital Employed

The Vita Coco Company, Inc. has the highest ROCE among the 13 Beverages - Non-Alcoholic companies compared here, at 17.4%. Monster Beverage Corporation is next at 9.1%. The same company also holds the highest ROCE change, at +8.2 percentage points. 13 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: The Vita Coco Company, Inc. leads ROCE at 17.4%, 8.3 percentage points above Monster Beverage Corporation. The Vita Coco Company, Inc. has the strongest latest improvement at +8.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderThe Vita Coco Company, Inc. · 17.4%
Gap91.2% versus #2 · Monster Beverage Corporation
Persistence4/8 recent comparable periods
Coverage13/13 companies · 217 observations

Investor read: The Vita Coco Company, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1The Vita Coco Company, Inc. COCO17%
2Monster Beverage Corporation MNST9.1%
3Suja Life, Inc. SUJA8.7%
4National Beverage Corp. FIZZ8.0%
5Coca-Cola Consolidated, Inc. COKE6.5%
ROCE changefastest improvers
1The Vita Coco Company, Inc. COCO+8.2 pp
2Zevia PBC ZVIA+6.8 pp
3PepsiCo, Inc. PEP+2.9 pp
4Monster Beverage Corporation MNST+1.9 pp
5Celsius Holdings, Inc. CELH+1.2 pp
Return on capital · company comparison
13/13 level · 13/13 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
The Vita Coco Company, Inc. COCO17%+8.2 ppJun 2026
Monster Beverage Corporation MNST9.1%+1.9 ppMar 2026
Suja Life, Inc. SUJA8.7%0.0 ppMar 2026
National Beverage Corp. FIZZ8.0%−1.9 ppJun 2026
Coca-Cola Consolidated, Inc. COKE6.5%0.0 ppJun 2026
The Coca-Cola Company KO5.5%0.0 ppJun 2026
PepsiCo, Inc. PEP5.5%+2.9 ppJun 2026
Buda Juice, Inc. BUDA5.4%−29.5 ppMar 2026
Celsius Holdings, Inc. CELH5.0%+1.2 ppMar 2026
Coca-Cola Europacific Partners PLC CCEP3.2%+1.0 ppDec 2025
Primo Brands Corporation PRMB1.5%−0.9 ppMar 2026
Keurig Dr Pepper Inc. KDP1.4%−0.4 ppMar 2026
Zevia PBC ZVIA-6.6%+6.8 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Celsius Holdings, Inc. · CELH

-5.4%
1.8%
5.9%
5.8%
-24%
-5.1%
6.7%
9.4%
8.6%
5.1%
6.8%
7.4%
-0.2%
-1.4%
3.8%
6.3%
-2.8%
1.0%
5.0%

Coca-Cola Consolidated, Inc. · COKE

5.2%
5.1%
5.7%
6.4%
7.5%
8.2%
7.3%
5.9%
6.8%
7.2%
6.1%
6.1%
5.1%
6.5%
5.8%
6.7%
6.5%

Coca-Cola Europacific Partners PLC · CCEP

1.4%
2.6%
2.1%
2.1%
2.5%
2.7%
2.7%
2.7%
2.7%
2.6%
2.6%
2.2%
2.2%
3.0%
3.0%
3.2%
3.2%

Keurig Dr Pepper Inc. · KDP

1.9%
1.7%
2.2%
1.3%
0.9%
1.5%
1.3%
1.8%
2.1%
2.2%
1.7%
2.0%
2.1%
0.1%
1.8%
2.0%
2.2%
1.9%
1.4%

Monster Beverage Corporation · MNST

7.8%
6.7%
6.2%
5.6%
6.1%
5.6%
6.6%
6.9%
6.7%
5.5%
6.6%
7.0%
6.4%
5.0%
7.2%
8.8%
9.1%
7.2%
9.1%

National Beverage Corp. · FIZZ

9.3%
12%
12%
12%
11%
13%
13%
16%
12%
9.8%
10%
16%
12%
9.5%
9.9%
15%
11%
8.9%
8.0%

PepsiCo, Inc. · PEP

4.7%
3.8%
7.8%
3.1%
4.9%
1.2%
3.9%
5.5%
5.9%
2.5%
4.0%
6.0%
5.6%
3.3%
3.7%
2.6%
4.9%
5.0%
4.4%
5.5%

Primo Brands Corporation · PRMB

1.4%
0.5%
0.5%
0.2%
1.5%
0.7%
1.4%
7.7%
4.1%
5.2%
5.2%
-1.1%
2.4%
1.8%
2.3%
0.2%
1.5%

Suja Life, Inc. · SUJA

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
8.7%

The Coca-Cola Company · KO

4.0%
4.6%
3.2%
2.8%
4.5%
3.3%
4.5%
3.1%
3.0%
3.6%
3.3%
3.6%
4.9%
5.5%
4.9%
2.3%
5.5%

The Vita Coco Company, Inc. · COCO

14%
-4.0%
-4.8%
4.0%
6.1%
-3.6%
4.6%
13%
14%
3.1%
11%
15%
9.2%
1.9%
7.7%
9.2%
9.5%
3.4%
10%
17%

Zevia PBC · ZVIA

-68%
-53%
-27%
-25%
-9.4%
-6.8%
-3.7%
-6.4%
-15%
-12%
-10%
-11%
-4.9%
-12%
-13%
-2.3%
-6.7%
-3.8%
-6.6%

ROCE change · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Celsius Holdings, Inc. · CELH

−18.1 pp
−6.9 pp
+0.8 pp
+3.6 pp
+32.1 pp
+10.2 pp
+0.1 pp
−2.0 pp
−8.8 pp
−6.5 pp
−3.0 pp
−1.1 pp
−2.6 pp
+2.4 pp
+1.2 pp

Coca-Cola Consolidated, Inc. · COKE

+1.2 pp
+3.1 pp
+1.6 pp
−0.5 pp
−0.7 pp
−1.0 pp
−1.2 pp
+0.2 pp
−1.7 pp
−0.7 pp
−0.3 pp
+0.6 pp
0.0 pp

Coca-Cola Europacific Partners PLC · CCEP

+0.7 pp
−0.1 pp
+0.6 pp
+0.6 pp
+0.2 pp
−0.1 pp
−0.1 pp
−0.5 pp
−0.5 pp
+0.4 pp
+0.4 pp
+1.0 pp
+1.0 pp

Keurig Dr Pepper Inc. · KDP

−1.0 pp
−0.2 pp
−0.9 pp
+0.5 pp
+1.2 pp
+0.7 pp
+0.4 pp
+0.2 pp
0.0 pp
−2.1 pp
+0.1 pp
0.0 pp
+0.1 pp
+1.8 pp
−0.4 pp

Monster Beverage Corporation · MNST

−1.7 pp
−1.1 pp
+0.4 pp
+1.3 pp
+0.6 pp
−0.1 pp
0.0 pp
+0.1 pp
−0.3 pp
−0.5 pp
+0.6 pp
+1.8 pp
+2.7 pp
+2.2 pp
+1.9 pp

National Beverage Corp. · FIZZ

+1.8 pp
+0.5 pp
+0.6 pp
+3.7 pp
+1.2 pp
−2.7 pp
−3.0 pp
+0.6 pp
−0.2 pp
−0.3 pp
−0.1 pp
−1.5 pp
−1.2 pp
−0.6 pp
−1.9 pp

PepsiCo, Inc. · PEP

+0.2 pp
−2.6 pp
−3.9 pp
+2.4 pp
+1.0 pp
+1.3 pp
+0.1 pp
+0.5 pp
−0.3 pp
+0.8 pp
−0.3 pp
−3.4 pp
−0.7 pp
+1.7 pp
+0.7 pp
+2.9 pp

Primo Brands Corporation · PRMB

+0.1 pp
+0.2 pp
+1.2 pp
+6.2 pp
+4.5 pp
+3.8 pp
−8.8 pp
−1.7 pp
−3.4 pp
−2.9 pp
+1.3 pp
−0.9 pp

Suja Life, Inc. · SUJA

0.0 pp
0.0 pp
0.0 pp

The Coca-Cola Company · KO

−1.2 pp
−1.3 pp
+1.3 pp
+0.3 pp
−1.5 pp
+0.3 pp
−1.2 pp
+0.5 pp
+1.9 pp
+1.9 pp
+1.6 pp
−1.3 pp
0.0 pp

The Vita Coco Company, Inc. · COCO

−7.8 pp
+0.4 pp
+9.4 pp
+8.7 pp
+7.4 pp
+6.7 pp
+5.9 pp
+2.1 pp
−4.3 pp
−1.2 pp
−2.8 pp
−5.6 pp
+0.3 pp
+1.5 pp
+2.5 pp
+8.2 pp

Zevia PBC · ZVIA

+58.3 pp
+46.6 pp
+23.2 pp
+18.1 pp
−5.3 pp
−5.5 pp
−6.7 pp
−4.3 pp
+9.8 pp
+0.4 pp
−3.0 pp
+8.4 pp
−1.8 pp
+8.1 pp
+6.8 pp
07 · compare level, then change

Valuation Against Growth & Quality

PepsiCo, Inc. has the lowest Guarded PEG among the 13 Beverages - Non-Alcoholic companies compared here, at 0.48×. Keurig Dr Pepper Inc. is next at 0.86×. National Beverage Corp. has the lowest P/E at 17.4×, so level and change sit with different companies. 5 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: PepsiCo, Inc. has the lowest comparable Guarded PEG at 0.48×, 44.2% below Keurig Dr Pepper Inc.. Only 5 of 13 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderPepsiCo, Inc. · 0.48×
Gap44.2% versus #2 · Keurig Dr Pepper Inc.
Persistence0/8 recent comparable periods
Coverage5/13 companies · 41 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1PepsiCo, Inc. PEP0.5
2Keurig Dr Pepper Inc. KDP0.9
3Monster Beverage Corporation MNST1.0
4Celsius Holdings, Inc. CELH2.4
5National Beverage Corp. FIZZ3.7
P/Elowest P/E
1National Beverage Corp. FIZZ17.4
2Coca-Cola Europacific Partners PLC CCEP · older report18.1
3PepsiCo, Inc. PEP18.9
4Keurig Dr Pepper Inc. KDP19.5
5Coca-Cola Consolidated, Inc. COKE22.4
Valuation · company comparison
5/13 level · 11/13 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
National Beverage Corp. FIZZ3.717.4Jun 2026
Celsius Holdings, Inc. CELH2.482.5Mar 2026
The Coca-Cola Company KO1.024.1Jun 2026
The Vita Coco Company, Inc. COCO1.036.5Jun 2026
Monster Beverage Corporation MNST1.035.0Mar 2026
Keurig Dr Pepper Inc. KDP0.919.5Mar 2026
PepsiCo, Inc. PEP0.518.9Jun 2026
Coca-Cola Europacific Partners PLC CCEP18.2Dec 2025
Coca-Cola Consolidated, Inc. COKE22.4Jun 2026
Primo Brands Corporation PRMB134.5Mar 2026
Buda Juice, Inc. BUDA42.4Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Celsius Holdings, Inc. · CELH

0.9
2.4

Keurig Dr Pepper Inc. · KDP

2.9
0.4
0.6
1.2
0.4
0.9

Monster Beverage Corporation · MNST

2.3
1.1
1.0
1.3
1.7
3.0
1.3
1.0

National Beverage Corp. · FIZZ

2.5
1.3
1.3
1.0
1.5
1.7
2.2
3.7

PepsiCo, Inc. · PEP

0.7
1.2
2.0
3.8
0.5

The Coca-Cola Company · KO

2.4
2.3
1.8
0.9
1.0

The Vita Coco Company, Inc. · COCO

0.5
2.2
3.1
2.2
2.3
1.8
1.0

P/E · reported quarter history

Buda Juice, Inc. · BUDA

42.4

Celsius Holdings, Inc. · CELH

1,243.0
459.8
283.7
119.2
70.8
91.1
56.0
43.6
58.5
111.3
125.4
574.9
183.0
82.5

Coca-Cola Consolidated, Inc. · COKE

15.5
21.0
19.2
11.2
11.1
12.5
13.3
21.3
17.4
19.9
22.5
18.0
20.3
16.7
16.4
22.5
22.4

Coca-Cola Europacific Partners PLC · CCEP

37.4
22.9
17.3
16.6
15.7
15.6
16.0
16.1
16.6
18.2
19.4
21.5
24.0
24.9
23.3
20.3
18.2

Keurig Dr Pepper Inc. · KDP

28.2
24.6
22.6
23.3
28.0
35.3
37.9
27.4
22.9
21.5
19.8
21.3
22.7
30.6
31.1
29.5
22.0
18.3
19.5

Monster Beverage Corporation · MNST

31.2
37.2
31.7
40.5
38.5
45.3
43.9
42.2
35.5
37.4
37.3
31.0
33.4
35.3
38.5
38.9
38.2
39.5
35.0

National Beverage Corp. · FIZZ

31.2
24.7
26.1
36.4
32.0
28.7
32.7
31.5
25.7
26.1
23.1
25.4
22.8
21.3
21.7
23.3
16.7
17.0
17.4

PepsiCo, Inc. · PEP

26.8
30.9
22.3
24.5
24.4
28.1
37.7
32.6
29.4
25.9
25.9
23.8
26.2
22.0
21.4
23.8
27.8
24.0
23.6
18.9

Primo Brands Corporation · PRMB

56.9
23.2
51.9
35.7
34.7
38.3
507.0
102.2
134.5

The Coca-Cola Company · KO

26.0
26.4
29.1
29.1
27.2
24.8
22.5
23.9
24.5
25.8
29.7
25.3
28.2
24.9
21.8
23.0
24.1

The Vita Coco Company, Inc. · COCO

31.9
24.2
40.8
87.6
98.7
89.2
52.7
40.7
32.5
26.6
30.0
28.6
39.3
30.4
33.7
36.9
44.6
35.0
36.5
08 · compare level, then change

Enterprise Value & Book Value

Zevia PBC has the lowest EV/EBITDA among the 13 Beverages - Non-Alcoholic companies compared here, at 0.36×. National Beverage Corp. is next at 11.5×. Keurig Dr Pepper Inc. has the lowest P/BV at 1.42×, so level and change sit with different companies. 12 of 13 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Zevia PBC leads ev/ebitda at 0.36×; Keurig Dr Pepper Inc. leads p/bv at 1.42×.

LeaderZevia PBC · 0.36×
Gap96.9% versus #2 · National Beverage Corp.
Persistence0/8 recent comparable periods
Coverage12/13 companies · 179 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Zevia PBC ZVIA0.4
2National Beverage Corp. FIZZ11.5
3Primo Brands Corporation PRMB11.8
4Coca-Cola Europacific Partners PLC CCEP · older report12.1
5Coca-Cola Consolidated, Inc. COKE12.7
P/BVlowest P/BV
1Keurig Dr Pepper Inc. KDP1.4
2Zevia PBC ZVIA2.0
3Primo Brands Corporation PRMB2.3
4Coca-Cola Europacific Partners PLC CCEP · older report4.4
5National Beverage Corp. FIZZ5.0
Enterprise and book valuation · company comparison
12/13 level · 11/13 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Celsius Holdings, Inc. CELH41.67.3Mar 2026
Buda Juice, Inc. BUDA32.76.3Mar 2026
The Vita Coco Company, Inc. COCO25.89.4Jun 2026
Monster Beverage Corporation MNST25.28.1Mar 2026
The Coca-Cola Company KO23.49.8Jun 2026
Keurig Dr Pepper Inc. KDP16.01.4Mar 2026
PepsiCo, Inc. PEP12.88.9Jun 2026
Coca-Cola Consolidated, Inc. COKE12.7-20.1Jun 2026
Coca-Cola Europacific Partners PLC CCEP12.14.4Dec 2025
Primo Brands Corporation PRMB11.82.3Mar 2026
National Beverage Corp. FIZZ11.55.0Jun 2026
Zevia PBC ZVIA0.42.0Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Buda Juice, Inc. · BUDA

32.7

Celsius Holdings, Inc. · CELH

213.7
85.4
76.2
47.1
62.5
39.1
30.5
37.6
61.9
68.7
139.3
80.8
41.6

Coca-Cola Consolidated, Inc. · COKE

10.0
11.7
12.1
6.6
7.6
7.8
7.3
8.7
9.6
11.0
13.4
10.3
11.0
9.0
8.9
11.0
12.7

Coca-Cola Europacific Partners PLC · CCEP

19.3
14.9
12.3
12.2
11.7
11.6
11.9
11.7
11.9
12.9
13.3
13.7
14.4
14.8
13.9
12.9
12.1

Keurig Dr Pepper Inc. · KDP

17.1
17.7
16.5
16.2
18.2
18.6
21.0
17.9
15.6
15.2
13.8
14.2
15.5
17.6
18.4
17.9
14.3
12.3
16.0

Monster Beverage Corporation · MNST

24.0
25.9
21.6
27.5
26.1
30.6
30.8
30.2
26.3
28.1
27.9
23.1
24.2
24.9
27.1
27.4
26.8
28.5
25.2

National Beverage Corp. · FIZZ

21.0
17.6
18.2
24.8
21.7
19.4
21.9
21.4
17.5
17.9
15.9
19.0
16.8
15.4
15.3
16.1
11.6
11.3
11.5

PepsiCo, Inc. · PEP

17.9
18.7
14.9
15.9
16.3
19.1
23.2
21.2
19.0
17.3
17.5
16.3
17.5
14.7
14.4
15.4
17.0
15.1
15.1
12.8

Primo Brands Corporation · PRMB

13.0
16.9
11.9
12.0
11.1
11.3
9.5
5.7
1.1
0.9
0.7
24.2
24.0
20.5
15.4
10.9
11.8

The Coca-Cola Company · KO

20.6
24.7
26.6
25.0
24.7
23.8
21.9
22.8
26.0
26.4
31.9
27.1
27.0
23.8
20.1
22.5
23.4

The Vita Coco Company, Inc. · COCO

22.2
29.7
39.3
130.6
152.3
62.8
45.0
29.3
23.2
18.2
18.2
19.2
26.0
21.4
27.1
28.8
34.0
26.0
25.8

Zevia PBC · ZVIA

0.4

P/BV · reported quarter history

Buda Juice, Inc. · BUDA

6.3

Celsius Holdings, Inc. · CELH

11.4
8.6
6.1
6.9
38.8
198.2
29.4
29.2
62.1
47.9
57.2
32.0
17.4
15.5
18.9
9.4
12.3
10.0
7.3

Coca-Cola Consolidated, Inc. · COKE

5.4
6.0
6.0
4.3
4.1
4.3
3.9
6.1
5.0
8.0
8.8
7.8
7.7
6.0
6.1
-13.8
-20.1

Coca-Cola Europacific Partners PLC · CCEP

3.5
3.2
2.7
3.1
3.2
3.2
3.5
3.4
3.5
3.5
3.7
3.8
4.0
4.6
4.4
4.5
4.4

Keurig Dr Pepper Inc. · KDP

2.0
2.1
2.1
2.0
2.0
2.0
2.0
1.7
1.7
1.8
1.7
1.8
2.0
1.8
1.9
1.8
1.4
1.5
1.4

Monster Beverage Corporation · MNST

7.5
7.7
6.2
7.2
6.8
7.6
7.6
7.7
7.0
7.3
7.2
8.4
8.8
8.6
8.8
8.5
8.5
9.1
8.1

National Beverage Corp. · FIZZ

11.8
19.6
17.2
19.2
14.8
11.8
12.5
11.7
9.0
8.7
7.3
15.3
11.8
9.9
9.1
8.6
5.8
5.4
5.0

PepsiCo, Inc. · PEP

13.7
14.6
12.4
12.1
12.4
14.5
14.5
14.5
12.9
12.6
12.4
11.6
12.5
11.6
10.9
9.7
10.3
9.6
9.6
8.9

Primo Brands Corporation · PRMB

2.0
2.2
1.8
1.7
1.6
2.0
1.6
5.7
0.0
0.0
0.0
3.4
4.0
3.4
2.6
2.0
2.3

The Coca-Cola Company · KO

10.3
11.0
12.1
11.4
10.6
10.0
9.2
9.8
10.0
10.6
11.7
10.8
11.6
10.6
9.0
9.4
9.8

The Vita Coco Company, Inc. · COCO

5.0
3.9
4.2
4.5
5.5
7.4
8.8
7.7
7.2
6.6
6.8
6.4
8.1
6.3
6.9
7.5
9.1
7.8
9.4

Zevia PBC · ZVIA

3.4
1.9
1.5
1.1
1.7
1.8
1.7
2.0
1.1
1.2
0.9
0.5
0.9
4.7
3.0
4.1
3.6
3.4
2.0
09 · let price answer last

Market action

The Vita Coco Company, Inc. has the strongest one-year price move in Beverages - Non-Alcoholic at +100.2%. It also leads on Mansfield relative strength against the S&P 500 at +20%. 7 of 11 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Beverages - Non-Alcoholic comparison names 5 specific ways its own evidence can mislead, all listed below. 1 of the 13 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
10 · the complete set

Which companies are included?

All 13 companies in the canonical Beverages - Non-Alcoholic membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
The Coca-Cola Company KO$379.8B$88.32026-07-28Jun 2026
PepsiCo, Inc. PEP$195.0B$1432026-07-28Jun 2026
Monster Beverage Corporation MNSTAHEAD18/26 WEEKS$95.6B$97.72026-07-28Mar 2026
Coca-Cola Europacific Partners PLC CCEPAHEAD$49.4B$1112026-07-28Dec 2025
Keurig Dr Pepper Inc. KDPLAGGING, FUNDAMENTALS UP$42.3B$31.12026-07-28Mar 2026
Coca-Cola Consolidated, Inc. COKE$13.0B$1952026-07-28Jun 2026
Primo Brands Corporation PRMBAHEADLAGGING, FUNDAMENTALS UP24/26 WEEKS$8.5B$23.52026-07-28Mar 2026
Celsius Holdings, Inc. CELHLAGGING, FUNDAMENTALS UP$7.5B$29.52026-07-28Mar 2026
The Vita Coco Company, Inc. COCO19/26 WEEKS$4.0B$69.62026-07-28Jun 2026
National Beverage Corp. FIZZ$3.0B$32.52026-07-28Jun 2026
Suja Life, Inc. SUJA$405M$10.52026-07-28Mar 2026
Zevia PBC ZVIA$122M$1.62026-07-28Mar 2026
Buda Juice, Inc. BUDA$106M$8.42026-07-28Mar 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 13 Beverages - Non-Alcoholic companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Beverages - Non-Alcoholic company comparison FAQs

These 18 answers restate the Beverages - Non-Alcoholic comparison above in question form. Every one is computed from the same 13 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Beverages - Non-Alcoholic company is the biggest?

PepsiCo, Inc. is the largest, with trailing-twelve-month revenue of $96,904 million, ahead of Keurig Dr Pepper Inc. at $16,944 million. That covers 8 of 13 companies with comparable reporting through Jun 2026.

Which Beverages - Non-Alcoholic company is growing fastest?

Celsius Holdings, Inc. has the fastest revenue growth at 100% year on year, across 8 of 13 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Beverages - Non-Alcoholic company has the best profit margins?

The Coca-Cola Company has the highest operating margin at 35%, from 11 of 13 comparable companies. Zevia PBC shows the biggest recent improvement, at +11.7 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Beverages - Non-Alcoholic company makes the most profit?

PepsiCo, Inc. earns the most, at $10,515 million of trailing-twelve-month net profit, from 8 of 13 comparable companies. Celsius Holdings, Inc. has the fastest profit growth at 56.8%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Beverages - Non-Alcoholic company earns the highest return on capital?

The Vita Coco Company, Inc. leads on return on capital employed at 17.4%, across 13 of 13 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Beverages - Non-Alcoholic stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — PepsiCo, Inc. screens cheapest at 0.48×. Only 5 of 13 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Beverages - Non-Alcoholic company has the strongest balance sheet?

Monster Beverage Corporation carries the lowest comparable gross debt at $0 million, from 12 of 13 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Beverages - Non-Alcoholic company is investing most in new capacity?

PepsiCo, Inc. reports the largest capital spending at $819 million, across 13 of 13 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Beverages - Non-Alcoholic sector beating the market?

Beverages - Non-Alcoholic has underperformed S&P 500 by 5.8% over the last 52 weeks and 0.5% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 7 of 11 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Beverages - Non-Alcoholic stock has the strongest price momentum?

The Vita Coco Company, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Beverages - Non-Alcoholic company scores highest for research priority?

Monster Beverage Corporation scores 72.1 out of 100 with 82% evidence confidence, from 23.5 points on growth and earnings, 18.5 on capital efficiency, 11.9 on valuation and 18.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Beverages - Non-Alcoholic companies does this comparison cover, and over what period?

It compares 13 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Beverages - Non-Alcoholic sector?

The 13 Beverages - Non-Alcoholic companies on this page carry $798,809 million of combined market value. The Coca-Cola Company is the largest at $379,780 million, about 48% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Beverages - Non-Alcoholic sector's P/E ratio?

The median price-to-earnings ratio across the 13 Beverages - Non-Alcoholic companies on this page is 24.1×, measured on the 11 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Beverages - Non-Alcoholic sector performing?

7 of the 11 covered Beverages - Non-Alcoholic companies are beating S&P 500 on Mansfield relative strength. The sector itself is 5.8% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Beverages - Non-Alcoholic stocks are listed in the US?

This comparison covers 13 listed Beverages - Non-Alcoholic companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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