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.

01 · the industry itself · before any single company

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

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 17% behind S&P 500. Earnings across its companies grew 14% on average over the last four reported quarters.

FADING · −4 in 4w✓Fundamentals up, price down3 of the 12 companies with a long enough price record ahead of S&P 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS — · 7/12 >200d (−2) · 3/12 lead (−4) · EPS 9/12↑

Beverages - Non-Alcoholic, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

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 12 of its 13 companies — the 1 with too short a price record are ranked in the scorecard but cannot sit in this line. 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.

02 · sector relative strength, before individual stocks

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

Beverages - Non-Alcoholic has underperformed S&P 500 by 3.6% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.8%. 4 of 11 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Coca-Cola Consolidated, Inc. is the strongest against the sector itself at +14.8%.

-3.8%Sector vs S&P 500 · 13 weeks

-3.6%Sector vs S&P 500 · 52 weeks

4/11Stocks leading S&P 500

6/11Stocks 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 3.6% over 52 weeks and 3.8% over 13 weeks. 4 of 11 covered companies beat the S&P 500 on Mansfield relative strength, while 6 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.

Companies

complete canonical membership

Combined market value

$772.8B

The Coca-Cola Company

Revenue growing

7/8

positive TTM year-on-year growth

Beating S&P 500

4/11

positive Mansfield relative strength

Comparing 5 of 13

03 · 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%

The Coca-Cola Company has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 57.8% 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.

Coca-Cola Consolidated, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1The Coca-Cola CompanyKO	71.3/100Thin evidence · provisional58% evidence	BREAKING OUT	21.8/35 Revenue — · PAT — · OPM change 2.5 pp 45% evidence	20.1/25 ROCE 19.3% · OPM 34.9% 76% evidence	10.3/20 P/E 25.3× · PEG — 15% evidence	19.1/20 RS sector 13.3% · RS bench 6.5% · 1Y 32.3%6 of 12 weeks ahead 100% evidence
Exact sum: 21.8 + 20.1 + 10.3 + 19.1 = 71.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2Monster Beverage CorporationMNST	60.8/100Mixed-positive evidence81% evidence	FADING	21.1/35 Revenue 20.3% · PAT 35.1% · OPM change -0.7 pp 83% evidence	14.9/25 ROCE 8.6% · OPM 29.2% 76% evidence	10.2/20 P/E 44.5× · PEG 1.33 65% evidence	14.6/20 RS sector 9.2% · RS bench 2.7% · 1Y 39%6 of 12 weeks ahead 100% evidence
Exact sum: 21.1 + 14.9 + 10.2 + 14.6 = 60.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3PepsiCo, Inc.PEP	56.8/100Mixed-positive evidence81% evidence	BASING	17.8/35 Revenue 5.6% · PAT 38.4% · OPM change -0.7 pp 83% evidence	19.2/25 ROCE 20.2% · OPM 16.8% 76% evidence	16.2/20 P/E 18.9× · PEG 0.48 65% evidence	3.6/20 RS sector -9.6% · RS bench -15.3% · 1Y -5.2%0 of 12 weeks ahead 100% evidence
Exact sum: 17.8 + 19.2 + 16.2 + 3.6 = 56.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Coca-Cola Consolidated, Inc.COKE	55.9/100Thin evidence · provisional56% evidence	TURNING	16.7/35 Revenue — · PAT — · OPM change -1.8 pp 39% evidence	11.4/25 ROCE 6.5% · OPM 12.9% 76% evidence	10.6/20 P/E 22.4× · PEG — 15% evidence	17.2/20 RS sector 14.8% · RS bench 7.8% · 1Y 75.5%5 of 12 weeks ahead 100% evidence
Exact sum: 16.7 + 11.4 + 10.6 + 17.2 = 55.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5The Vita Coco Company, Inc.COCO	54.2/100Thin evidence · provisional56% evidence	ASLEEP	22.9/35 Revenue — · PAT — · OPM change 4 pp 39% evidence	17.0/25 ROCE 17.4% · OPM 18.7% 76% evidence	9.7/20 P/E 36.5× · PEG — 15% evidence	4.6/20 RS sector -1.9% · RS bench -7.7% · 1Y 41.9%4 of 12 weeks ahead 100% evidence
Exact sum: 22.9 + 17 + 9.7 + 4.6 = 54.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Keurig Dr Pepper Inc.KDP	50.4/100Mixed-positive evidence81% evidence	FADING	12.6/35 Revenue 27.5% · PAT -2.7% · OPM change -13 pp 83% evidence	6.8/25 ROCE 1.1% · OPM 8.6% 76% evidence	13.6/20 P/E 33.1× · PEG 0.86 65% evidence	17.4/20 RS sector 9.6% · RS bench 3% · 1Y 17.3%5 of 12 weeks ahead 100% evidence
Exact sum: 12.6 + 6.8 + 13.6 + 17.4 = 50.4 · Decision use: Price leads the evidence: RS versus the benchmark is 3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
7Celsius Holdings, Inc.CELH	45.7/100Mixed-negative evidence66% evidence	ASLEEP	23.6/35 Revenue 100% · PAT 56.8% · OPM change 2 pp 53% evidence	10.4/25 ROCE 5% · OPM 17.8% 57% evidence	6.1/20 P/E 82.5× · PEG 2.4 65% evidence	5.6/20 RS sector -30.7% · RS bench -35.2% · 1Y -48.4%1 of 12 weeks ahead 100% evidence
Exact sum: 23.6 + 10.4 + 6.1 + 5.6 = 45.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -30.7% and the one-year return is -48.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
8Primo Brands CorporationPRMB	39.3/100Thin evidence · provisional51% evidence	ASLEEP	16.0/35 Revenue 18.6% · PAT — · OPM change -1 pp 40% evidence	7.5/25 ROCE 1.5% · OPM 8.5% 57% evidence	8.5/20 P/E 134.5× · PEG — 15% evidence	7.3/20 RS sector 1.9% · RS bench -4.1% · 1Y -5.9%5 of 12 weeks ahead 100% evidence
Exact sum: 16 + 7.5 + 8.5 + 7.3 = 39.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9National Beverage Corp.FIZZ	33.9/100Adverse evidence81% evidence	ASLEEP	9.2/35 Revenue -1.7% · PAT -2.7% · OPM change -1.4 pp 83% evidence	13.0/25 ROCE 8% · OPM 16.9% 76% evidence	6.5/20 P/E 17.4× · PEG 3.72 65% evidence	5.2/20 RS sector -6.1% · RS bench -11.9% · 1Y -15.4%0 of 12 weeks ahead 100% evidence
Exact sum: 9.2 + 13 + 6.5 + 5.2 = 33.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Coca-Cola Europacific Partners PLCCCEP	53.6/100Thin evidence · provisional44% evidence	BREAKING OUT	18.1/35 Revenue — · PAT — · OPM change — 16% evidence	10.1/25 ROCE 3.2% · OPM — 61% evidence	10.9/20 P/E 21× · PEG — 15% evidence	14.5/20 RS sector 5.9% · RS bench -0.5% · 1Y 14.2%7 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 10.1 + 10.9 + 14.5 = 53.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11Suja Life, Inc.SUJA	48.6/100Thin evidence · provisional14% evidence	ASLEEP	17.3/35 Revenue — · PAT — · OPM change — 6% evidence	11.3/25 ROCE 8.7% · OPM — 46% evidence	10.0/20 P/E — · PEG — 0% evidence	10.0/20 RS sector — · RS bench — · 1Y —0 of 7 weeks ahead 0% evidence
Exact sum: 17.3 + 11.3 + 10 + 10 = 48.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Buda Juice, Inc.BUDA	41.7/100Thin evidence · provisional36% evidence		11.3/35 Revenue 16.7% · PAT -25% · OPM change -10 pp 53% evidence	11.0/25 ROCE 5.4% · OPM 16.9% 57% evidence	9.4/20 P/E 42.4× · PEG — 15% evidence	10.0/20 RS sector — · RS bench — · 1Y —0 of 5 weeks ahead to 2026-07-31 0% evidence
Exact sum: 11.3 + 11 + 9.4 + 10 = 41.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Zevia PBCZVIA	38.7/100Thin evidence · provisional42% evidence		20.3/35 Revenue 11.1% · PAT — · OPM change 11.7 pp 40% evidence	5.4/25 ROCE -6.6% · OPM -5.1% 57% evidence	10.0/20 P/E — · PEG — 0% evidence	3.0/20 RS sector -32.6% · RS bench -36.1% · 1Y -57.1%5 of 8 weeks ahead to 2026-08-21 70% evidence
Exact sum: 20.3 + 5.4 + 10 + 3 = 38.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Showing 10 of 13 companies

04 · what price has already done

Market action

Coca-Cola Consolidated, Inc. has the strongest one-year price move in Beverages - Non-Alcoholic at +75.5%. It also leads on Mansfield relative strength against the S&P 500 at +7.8%. 4 of 11 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-09-16.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · 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 $20,090 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, 382.3% 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 18 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

Gap382.3% versus #2 · Keurig Dr Pepper Inc.

Persistence5/8 recent comparable periods

Coverage8/13 companies · 200 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$20.1B

3Monster Beverage Corporation MNST$9.2B

4Primo Brands Corporation PRMB · older report$6.7B

5Celsius Holdings, Inc. CELH · older report$3.0B

Revenue growthfastest growers

1Celsius Holdings, Inc. CELH · older report100%

2Keurig Dr Pepper Inc. KDP28%

3Monster Beverage Corporation MNST20%

4Primo Brands Corporation PRMB · older report19%

5Buda Juice, Inc. BUDA · older report17%

Revenue · company comparison

8/13 level · 8/13 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
PepsiCo, Inc. PEP	$24.2B	6.4%	Jun 2026
The Coca-Cola Company KO	$13.4B	7.4%	Sep 2026
Coca-Cola Europacific Partners PLC CCEP	$10.7B	0.2%	Sep 2026
Keurig Dr Pepper Inc. KDP	$7.3B	76%	Jun 2026
Monster Beverage Corporation MNST	$2.5B	20%	Jun 2026
Coca-Cola Consolidated, Inc. COKE	$1.8B	-0.5%	Jun 2026
Primo Brands Corporation PRMB	$1.6B	0.7%	Mar 2026
Celsius Holdings, Inc. CELH	$783M	138%	Mar 2026
National Beverage Corp. FIZZ	$297M	-5.4%	Jun 2026
The Vita Coco Company, Inc. COCO	$180M	37%	Jun 2026
Suja Life, Inc. SUJA	$107M	23%	Mar 2026
Zevia PBC ZVIA	$46M	21%	Mar 2026
Buda Juice, Inc. BUDA	$4M	33%	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

Dec 2021$104M

Mar 2022$133M

Jun 2022$154M

Sep 2022$188M

Dec 2022$178M

Mar 2023$260M

Jun 2023$326M

Sep 2023$385M

Dec 2023$347M

Mar 2024$356M

Jun 2024$402M

Sep 2024$266M

Dec 2024$332M

Mar 2025$329M

Jun 2025$739M

Sep 2025$725M

Dec 2025$722M

Mar 2026$783M

Jun 2026—

Sep 2026—

Coca-Cola Consolidated, Inc. · COKE

Dec 2021$1.5B

Mar 2022—

Jun 2022$1.4B

Sep 2022$1.6B

Dec 2022—

Mar 2023$1.6B

Jun 2023$1.7B

Sep 2023$1.7B

Dec 2023—

Mar 2024$1.6B

Jun 2024$1.8B

Sep 2024$1.8B

Dec 2024$1.7B

Mar 2025$1.6B

Jun 2025$1.9B

Sep 2025$1.9B

Dec 2025$1.9B

Mar 2026—

Jun 2026$1.8B

Sep 2026—

Coca-Cola Europacific Partners PLC · CCEP

Dec 2021$7.8B

Mar 2022—

Jun 2022—

Sep 2022$8.3B

Dec 2022$9.0B

Mar 2023—

Jun 2023$9.0B

Sep 2023—

Dec 2023$9.3B

Mar 2024—

Jun 2024$9.8B

Sep 2024—

Dec 2024$10.6B

Mar 2025—

Jun 2025$10.3B

Sep 2025—

Dec 2025$10.6B

Mar 2026—

Jun 2026—

Sep 2026$10.7B

Keurig Dr Pepper Inc. · KDP

Dec 2021$3.4B

Mar 2022$3.1B

Jun 2022$3.6B

Sep 2022$3.6B

Dec 2022$3.8B

Mar 2023$3.4B

Jun 2023$3.8B

Sep 2023$3.8B

Dec 2023$3.9B

Mar 2024$3.5B

Jun 2024$3.9B

Sep 2024$3.9B

Dec 2024$4.1B

Mar 2025$3.6B

Jun 2025$4.2B

Sep 2025$4.3B

Dec 2025$4.5B

Mar 2026$4.0B

Jun 2026$7.3B

Sep 2026—

Monster Beverage Corporation · MNST

Dec 2021$1.4B

Mar 2022$1.5B

Jun 2022$1.7B

Sep 2022$1.6B

Dec 2022$1.5B

Mar 2023$1.7B

Jun 2023$1.9B

Sep 2023$1.9B

Dec 2023$1.7B

Mar 2024$1.9B

Jun 2024$1.9B

Sep 2024$1.9B

Dec 2024$1.8B

Mar 2025$1.9B

Jun 2025$2.1B

Sep 2025$2.2B

Dec 2025$2.1B

Mar 2026$2.4B

Jun 2026$2.5B

Sep 2026—

National Beverage Corp. · FIZZ

Dec 2021$283M

Mar 2022$259M

Jun 2022$284M

Sep 2022$318M

Dec 2022$300M

Mar 2023$268M

Jun 2023$287M

Sep 2023$324M

Dec 2023$300M

Mar 2024$270M

Jun 2024$297M

Sep 2024$329M

Dec 2024$291M

Mar 2025$267M

Jun 2025$314M

Sep 2025$331M

Dec 2025$288M

Mar 2026$265M

Jun 2026$297M

Sep 2026—

PepsiCo, Inc. · PEP

Dec 2021$25.2B

Mar 2022$16.2B

Jun 2022$20.2B

Sep 2022$22.0B

Dec 2022$28.0B

Mar 2023$17.8B

Jun 2023$22.3B

Sep 2023$23.5B

Dec 2023$27.9B

Mar 2024$18.3B

Jun 2024$22.5B

Sep 2024$23.3B

Dec 2024$27.8B

Mar 2025$17.9B

Jun 2025$22.7B

Sep 2025$23.9B

Dec 2025$29.3B

Mar 2026$19.4B

Jun 2026$24.2B

Sep 2026—

Primo Brands Corporation · PRMB

Dec 2021$551M

Mar 2022$518M

Jun 2022$526M

Sep 2022$571M

Dec 2022$585M

Mar 2023—

Jun 2023$413M

Sep 2023$451M

Dec 2023—

Mar 2024$1.1B

Jun 2024$1.3B

Sep 2024$1.3B

Dec 2024$1.4B

Mar 2025$1.6B

Jun 2025$1.7B

Sep 2025$1.8B

Dec 2025$1.6B

Mar 2026$1.6B

Jun 2026—

Sep 2026—

Suja Life, Inc. · SUJA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025$87M

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026$107M

Jun 2026—

Sep 2026—

The Coca-Cola Company · KO

Dec 2021$10.0B

Mar 2022—

Jun 2022$10.5B

Sep 2022$11.3B

Dec 2022$10.1B

Mar 2023$11.0B

Jun 2023$12.0B

Sep 2023$12.0B

Dec 2023$10.8B

Mar 2024$11.3B

Jun 2024$12.4B

Sep 2024$11.9B

Dec 2024$11.5B

Mar 2025$11.1B

Jun 2025$12.5B

Sep 2025$12.5B

Dec 2025$11.8B

Mar 2026—

Jun 2026$12.5B

Sep 2026$13.4B

The Vita Coco Company, Inc. · COCO

Dec 2021$87M

Mar 2022$96M

Jun 2022$115M

Sep 2022$124M

Dec 2022$92M

Mar 2023$110M

Jun 2023$140M

Sep 2023$138M

Dec 2023$106M

Mar 2024$112M

Jun 2024$144M

Sep 2024$133M

Dec 2024$127M

Mar 2025$131M

Jun 2025$169M

Sep 2025$182M

Dec 2025$128M

Mar 2026$180M

Jun 2026—

Sep 2026—

Zevia PBC · ZVIA

Dec 2021$34M

Mar 2022$38M

Jun 2022$46M

Sep 2022$44M

Dec 2022$35M

Mar 2023$43M

Jun 2023$42M

Sep 2023$43M

Dec 2023$38M

Mar 2024$39M

Jun 2024$40M

Sep 2024$36M

Dec 2024$39M

Mar 2025$38M

Jun 2025$45M

Sep 2025$41M

Dec 2025$38M

Mar 2026$46M

Jun 2026—

Sep 2026—

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

Dec 2021—

Mar 2022—

Jun 2022137%

Sep 202298%

Dec 202271%

Mar 202395%

Jun 2023112%

Sep 2023105%

Dec 202395%

Mar 202437%

Jun 202423%

Sep 2024-31%

Dec 2024-4.3%

Mar 2025-7.6%

Jun 202584%

Sep 2025173%

Dec 2025117%

Mar 2026138%

Jun 2026—

Sep 2026—

Coca-Cola Consolidated, Inc. · COKE

Dec 2021—

Mar 2022—

Jun 202211%

Sep 202211%

Dec 2022—

Mar 2023—

Jun 202324%

Sep 20237.3%

Dec 2023—

Mar 20241.3%

Jun 20243.3%

Sep 20243.2%

Dec 2024—

Mar 2025-0.8%

Jun 20253.3%

Sep 20256.9%

Dec 20259.0%

Mar 2026—

Jun 2026-0.5%

Sep 2026—

Coca-Cola Europacific Partners PLC · CCEP

Dec 202136%

Mar 2022—

Jun 2022—

Sep 202240%

Dec 202215%

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20233.2%

Mar 2024—

Jun 20249.5%

Sep 2024—

Dec 202414%

Mar 2025—

Jun 20254.5%

Sep 2025—

Dec 20250.2%

Mar 2026—

Jun 2026—

Sep 2026—

Keurig Dr Pepper Inc. · KDP

Dec 2021—

Mar 2022—

Jun 202213%

Sep 202211%

Dec 202212%

Mar 20238.9%

Jun 20236.6%

Sep 20235.1%

Dec 20231.7%

Mar 20243.4%

Jun 20243.5%

Sep 20242.3%

Dec 20245.3%

Mar 20254.8%

Jun 20256.1%

Sep 202511%

Dec 202511%

Mar 20269.4%

Jun 202676%

Sep 2026—

Monster Beverage Corporation · MNST

Dec 2021—

Mar 2022—

Jun 202213%

Sep 202215%

Dec 20226.2%

Mar 202312%

Jun 202312%

Sep 202314%

Dec 202314%

Mar 202412%

Jun 20242.5%

Sep 20241.4%

Dec 20244.7%

Mar 2025-2.3%

Jun 202511%

Sep 202517%

Dec 202518%

Mar 202627%

Jun 202620%

Sep 2026—

National Beverage Corp. · FIZZ

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20221.9%

Dec 20226.0%

Mar 20233.5%

Jun 20231.1%

Sep 20231.9%

Dec 20230.0%

Mar 20240.8%

Jun 20243.5%

Sep 20241.5%

Dec 2024-3.0%

Mar 2025-1.1%

Jun 20255.7%

Sep 20250.6%

Dec 2025-1.0%

Mar 2026-0.8%

Jun 2026-5.4%

Sep 2026—

PepsiCo, Inc. · PEP

Dec 2021—

Mar 2022—

Jun 20225.3%

Sep 20228.8%

Dec 202211%

Mar 202310%

Jun 202310%

Sep 20236.8%

Dec 2023-0.5%

Mar 20242.3%

Jun 20240.8%

Sep 2024-0.6%

Dec 2024-0.2%

Mar 2025-1.8%

Jun 20251.0%

Sep 20252.7%

Dec 20255.6%

Mar 20268.5%

Jun 20266.4%

Sep 2026—

Primo Brands Corporation · PRMB

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20228.6%

Dec 20226.2%

Mar 2023—

Jun 2023-21%

Sep 2023-21%

Dec 2023—

Mar 2024—

Jun 2024218%

Sep 2024189%

Dec 2024—

Mar 202542%

Jun 202532%

Sep 202535%

Dec 202511%

Mar 20260.7%

Jun 2026—

Sep 2026—

Suja Life, Inc. · SUJA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 202623%

Jun 2026—

Sep 2026—

The Coca-Cola Company · KO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202212%

Dec 20220.8%

Mar 2023—

Jun 202314%

Sep 20235.6%

Dec 20237.2%

Mar 20242.9%

Jun 20243.3%

Sep 2024-0.8%

Dec 20246.4%

Mar 2025-1.5%

Jun 20251.4%

Sep 20255.1%

Dec 20252.4%

Mar 2026—

Jun 2026-0.5%

Sep 20267.4%

The Vita Coco Company, Inc. · COCO

Dec 2021—

Mar 2022—

Jun 202213%

Sep 20226.9%

Dec 20225.8%

Mar 202315%

Jun 202322%

Sep 202311%

Dec 202315%

Mar 20241.8%

Jun 20242.9%

Sep 2024-3.6%

Dec 202420%

Mar 202517%

Jun 202517%

Sep 202537%

Dec 20250.8%

Mar 202637%

Jun 2026—

Sep 2026—

Zevia PBC · ZVIA

Dec 2021—

Mar 2022—

Jun 202235%

Sep 202213%

Dec 20222.9%

Mar 202313%

Jun 2023-8.7%

Sep 2023-2.3%

Dec 20238.6%

Mar 2024-9.3%

Jun 2024-4.8%

Sep 2024-16%

Dec 20242.6%

Mar 2025-2.6%

Jun 202513%

Sep 202514%

Dec 2025-2.6%

Mar 202621%

Jun 2026—

Sep 2026—

06 · 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 34.9%. Monster Beverage Corporation is next at 29.2%. 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 Sep 2026.

What the numbers say: The Coca-Cola Company leads opm at 34.9%; Zevia PBC leads margin change at +11.7 percentage points.

LeaderThe Coca-Cola Company · 34.9%

Gap19.5% versus #2 · Monster Beverage Corporation

Persistence6/8 recent comparable periods

Coverage11/13 companies · 188 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 MNST29%

3The Vita Coco Company, Inc. COCO19%

4Celsius Holdings, Inc. CELH · older report18%

5Buda Juice, Inc. BUDA · older report17%

Margin changefastest expanders

1Zevia PBC ZVIA · older report+11.7 pp

2The Vita Coco Company, Inc. COCO+4.0 pp

3The Coca-Cola Company KO+2.5 pp

4Celsius Holdings, Inc. CELH · older report+2.0 pp

5Monster Beverage Corporation MNST−0.7 pp

Operating margin · company comparison

11/13 level · 11/13 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
The Coca-Cola Company KO	35%	+2.5 pp	Sep 2026
Monster Beverage Corporation MNST	29%	−0.7 pp	Jun 2026
The Vita Coco Company, Inc. COCO	19%	+4.0 pp	Jun 2026
Celsius Holdings, Inc. CELH	18%	+2.0 pp	Mar 2026
National Beverage Corp. FIZZ	17%	−1.4 pp	Jun 2026
Buda Juice, Inc. BUDA	17%	−10.0 pp	Mar 2026
PepsiCo, Inc. PEP	17%	−0.7 pp	Jun 2026
Coca-Cola Consolidated, Inc. COKE	13%	−1.8 pp	Jun 2026
Keurig Dr Pepper Inc. KDP	8.6%	−13.0 pp	Jun 2026
Primo Brands Corporation PRMB	8.5%	−1.0 pp	Mar 2026
Zevia PBC ZVIA	-5.1%	+11.7 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Buda Juice, Inc. · BUDA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 202431%

Jun 202431%

Sep 202428%

Dec 202431%

Mar 202527%

Jun 202532%

Sep 202527%

Dec 202523%

Mar 202617%

Jun 2026—

Sep 2026—

Celsius Holdings, Inc. · CELH

Dec 20212.7%

Mar 20227.6%

Jun 20228.1%

Sep 2022-78%

Dec 2022-18%

Mar 202317%

Jun 202320%

Sep 202325%

Dec 202317%

Mar 202423%

Jun 202423%

Sep 2024-1.2%

Dec 2024-5.6%

Mar 202516%

Jun 202519%

Sep 2025-11%

Dec 20253.6%

Mar 202618%

Jun 2026—

Sep 2026—

Coca-Cola Consolidated, Inc. · COKE

Dec 20219.4%

Mar 2022—

Jun 20229.3%

Sep 20229.2%

Dec 2022—

Mar 202313%

Jun 202313%

Sep 202313%

Dec 2023—

Mar 202414%

Jun 202414%

Sep 202413%

Dec 202413%

Mar 202512%

Jun 202515%

Sep 202513%

Dec 202513%

Mar 2026—

Jun 202613%

Sep 2026—

Keurig Dr Pepper Inc. · KDP

Dec 202121%

Mar 202231%

Jun 202216%

Sep 202211%

Dec 202218%

Mar 202317%

Jun 202320%

Sep 202324%

Dec 202324%

Mar 202422%

Jun 202422%

Sep 202423%

Dec 20241.5%

Mar 202522%

Jun 202522%

Sep 202523%

Dec 202520%

Mar 202619%

Jun 20268.6%

Sep 2026—

Monster Beverage Corporation · MNST

Dec 202129%

Mar 202226%

Jun 202223%

Sep 202226%

Dec 202226%

Mar 202329%

Jun 202328%

Sep 202328%

Dec 202325%

Mar 202429%

Jun 202428%

Sep 202426%

Dec 202421%

Mar 202531%

Jun 202530%

Sep 202531%

Dec 202526%

Mar 202631%

Jun 202629%

Sep 2026—

National Beverage Corp. · FIZZ

Dec 202118%

Mar 202216%

Jun 202216%

Sep 202215%

Dec 202216%

Mar 202317%

Jun 202317%

Sep 202320%

Dec 202318%

Mar 202418%

Jun 202418%

Sep 202421%

Dec 202420%

Mar 202519%

Jun 202518%

Sep 202521%

Dec 202520%

Mar 202619%

Jun 202617%

Sep 2026—

PepsiCo, Inc. · PEP

Dec 202111%

Mar 202218%

Jun 202218%

Sep 202216%

Dec 20228.8%

Mar 202316%

Jun 202317%

Sep 202318%

Dec 202311%

Mar 202416%

Jun 202419%

Sep 202418%

Dec 202413%

Mar 202516%

Jun 202518%

Sep 202517%

Dec 202514%

Mar 202617%

Jun 202617%

Sep 2026—

Primo Brands Corporation · PRMB

Dec 20217.7%

Mar 20223.1%

Jun 20222.9%

Sep 20221.2%

Dec 20227.7%

Mar 2023—

Jun 20235.2%

Sep 20239.2%

Dec 2023—

Mar 202411%

Jun 202412%

Sep 202412%

Dec 2024-5.8%

Mar 20259.5%

Jun 20256.5%

Sep 20258.3%

Dec 20251.2%

Mar 20268.5%

Jun 2026—

Sep 2026—

The Coca-Cola Company · KO

Dec 202130%

Mar 2022—

Jun 202233%

Sep 202230%

Dec 202222%

Mar 202332%

Jun 202331%

Sep 202330%

Dec 202322%

Mar 202433%

Jun 202432%

Sep 202430%

Dec 202427%

Mar 202534%

Jun 202535%

Sep 202532%

Dec 202525%

Mar 2026—

Jun 202635%

Sep 202635%

The Vita Coco Company, Inc. · COCO

Dec 2021-5.9%

Mar 2022-5.9%

Jun 20224.4%

Sep 20226.9%

Dec 2022-5.3%

Mar 20236.1%

Jun 202315%

Sep 202317%

Dec 20235.1%

Mar 202417%

Jun 202421%

Sep 202416%

Dec 20243.4%

Mar 202515%

Jun 202515%

Sep 202515%

Dec 20258.0%

Mar 202619%

Jun 2026—

Sep 2026—

Zevia PBC · ZVIA

Dec 2021-110%

Mar 2022-46%

Jun 2022-32%

Sep 2022-21%

Dec 2022-18%

Mar 2023-7.5%

Jun 2023-13%

Sep 2023-27%

Dec 2023-24%

Mar 2024-19%

Jun 2024-18%

Sep 2024-8.2%

Dec 2024-16%

Mar 2025-17%

Jun 2025-2.3%

Sep 2025-7.0%

Dec 2025-4.0%

Mar 2026-5.1%

Jun 2026—

Sep 2026—

Margin change · reported quarter history

Buda Juice, Inc. · BUDA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025−4.4 pp

Jun 2025+0.3 pp

Sep 2025−0.7 pp

Dec 2025−7.9 pp

Mar 2026−10.0 pp

Jun 2026—

Sep 2026—

Celsius Holdings, Inc. · CELH

Dec 2021—

Mar 2022—

Jun 2022+7.5 pp

Sep 2022−69.8 pp

Dec 2022−21.1 pp

Mar 2023+9.7 pp

Jun 2023+11.8 pp

Sep 2023+103.8 pp

Dec 2023+35.4 pp

Mar 2024+6.1 pp

Jun 2024+3.5 pp

Sep 2024−26.6 pp

Dec 2024−22.6 pp

Mar 2025−7.6 pp

Jun 2025−4.1 pp

Sep 2025−9.8 pp

Dec 2025+9.2 pp

Mar 2026+2.0 pp

Jun 2026—

Sep 2026—

Coca-Cola Consolidated, Inc. · COKE

Dec 2021—

Mar 2022—

Jun 2022+1.9 pp

Sep 2022+0.8 pp

Dec 2022—

Mar 2023—

Jun 2023+4.1 pp

Sep 2023+3.4 pp

Dec 2023—

Mar 2024+0.4 pp

Jun 2024+1.0 pp

Sep 2024+0.3 pp

Dec 2024—

Mar 2025−1.5 pp

Jun 2025+0.3 pp

Sep 2025+0.2 pp

Dec 2025+0.2 pp

Mar 2026—

Jun 2026−1.8 pp

Sep 2026—

Keurig Dr Pepper Inc. · KDP

Dec 2021—

Mar 2022—

Jun 2022−7.3 pp

Sep 2022−13.6 pp

Dec 2022−3.7 pp

Mar 2023−14.0 pp

Jun 2023+4.2 pp

Sep 2023+12.6 pp

Dec 2023+6.7 pp

Mar 2024+4.7 pp

Jun 2024+1.7 pp

Sep 2024−0.3 pp

Dec 2024−22.9 pp

Mar 2025−0.1 pp

Jun 2025−0.4 pp

Sep 2025−0.1 pp

Dec 2025+18.1 pp

Mar 2026−3.0 pp

Jun 2026−13.0 pp

Sep 2026—

Monster Beverage Corporation · MNST

Dec 2021—

Mar 2022—

Jun 2022−13.5 pp

Sep 2022−5.8 pp

Dec 2022−2.9 pp

Mar 2023+2.3 pp

Jun 2023+5.7 pp

Sep 2023+1.8 pp

Dec 2023−1.0 pp

Mar 2024−0.1 pp

Jun 2024−0.5 pp

Sep 2024−2.0 pp

Dec 2024−4.1 pp

Mar 2025+2.2 pp

Jun 2025+2.2 pp

Sep 2025+5.2 pp

Dec 2025+4.5 pp

Mar 2026+0.3 pp

Jun 2026−0.7 pp

Sep 2026—

National Beverage Corp. · FIZZ

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−8.0 pp

Dec 2022−2.5 pp

Mar 2023+0.9 pp

Jun 2023+1.1 pp

Sep 2023+4.9 pp

Dec 2023+2.4 pp

Mar 2024+1.2 pp

Jun 2024+0.8 pp

Sep 2024+1.6 pp

Dec 2024+1.8 pp

Mar 2025+1.1 pp

Jun 2025+0.5 pp

Sep 2025+0.3 pp

Dec 2025+0.2 pp

Mar 2026+0.4 pp

Jun 2026−1.4 pp

Sep 2026—

PepsiCo, Inc. · PEP

Dec 2021—

Mar 2022—

Jun 2022+1.4 pp

Sep 2022−0.6 pp

Dec 2022−2.4 pp

Mar 2023−1.6 pp

Jun 2023−0.4 pp

Sep 2023+1.4 pp

Dec 2023+2.4 pp

Mar 2024−0.3 pp

Jun 2024+1.2 pp

Sep 2024+0.2 pp

Dec 2024+1.4 pp

Mar 2025−0.2 pp

Jun 2025−1.0 pp

Sep 2025−0.9 pp

Dec 2025+1.5 pp

Mar 2026+1.2 pp

Jun 2026−0.7 pp

Sep 2026—

Primo Brands Corporation · PRMB

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−4.8 pp

Dec 20220.0 pp

Mar 2023—

Jun 2023+2.3 pp

Sep 2023+8.0 pp

Dec 2023—

Mar 2024—

Jun 2024+6.9 pp

Sep 2024+2.9 pp

Dec 2024—

Mar 2025−1.5 pp

Jun 2025−5.6 pp

Sep 2025−3.8 pp

Dec 2025+7.0 pp

Mar 2026−1.0 pp

Jun 2026—

Sep 2026—

The Coca-Cola Company · KO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.1 pp

Dec 2022−8.1 pp

Mar 2023—

Jun 2023−2.1 pp

Sep 2023+0.7 pp

Dec 20230.0 pp

Mar 2024+1.2 pp

Jun 2024+0.9 pp

Sep 2024−0.7 pp

Dec 2024+4.9 pp

Mar 2025+0.5 pp

Jun 2025+2.5 pp

Sep 2025+2.7 pp

Dec 2025−2.1 pp

Mar 2026—

Jun 2026+0.4 pp

Sep 2026+2.5 pp

The Vita Coco Company, Inc. · COCO

Dec 2021—

Mar 2022—

Jun 2022−3.0 pp

Sep 2022−8.5 pp

Dec 2022+0.6 pp

Mar 2023+12.0 pp

Jun 2023+10.5 pp

Sep 2023+10.1 pp

Dec 2023+10.4 pp

Mar 2024+10.9 pp

Jun 2024+5.9 pp

Sep 2024−1.5 pp

Dec 2024−1.7 pp

Mar 2025−2.3 pp

Jun 2025−5.9 pp

Sep 2025−0.2 pp

Dec 2025+4.6 pp

Mar 2026+4.0 pp

Jun 2026—

Sep 2026—

Zevia PBC · ZVIA

Dec 2021—

Mar 2022—

Jun 2022−30.3 pp

Sep 2022+106.3 pp

Dec 2022+91.6 pp

Mar 2023+38.7 pp

Jun 2023+19.7 pp

Sep 2023−5.7 pp

Dec 2023−5.5 pp

Mar 2024−11.3 pp

Jun 2024−4.8 pp

Sep 2024+18.3 pp

Dec 2024+7.4 pp

Mar 2025+2.0 pp

Jun 2025+15.2 pp

Sep 2025+1.2 pp

Dec 2025+12.1 pp

Mar 2026+11.7 pp

Jun 2026—

Sep 2026—

07 · compare level, then change

Profit Scale & Acceleration

PepsiCo, Inc. has the highest Net profit among the 13 Beverages - Non-Alcoholic companies compared here, at $10,451 million. Monster Beverage Corporation is next at $2,127 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 $10,451 million of TTM profit, 391.3% 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. · $10,451 million

Gap391.3% versus #2 · Monster Beverage Corporation

Persistence4/8 recent comparable periods

Coverage8/13 companies · 201 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$2.1B

3Keurig Dr Pepper Inc. KDP$1.5B

4National Beverage Corp. FIZZ$183M

5Celsius Holdings, Inc. CELH · older report$174M

Profit growthfastest growers

1Celsius Holdings, Inc. CELH · older report57%

2PepsiCo, Inc. PEP38%

3Monster Beverage Corporation MNST35%

4National Beverage Corp. FIZZ-2.7%

5Keurig Dr Pepper Inc. KDP-2.7%

Net profit · company comparison

8/13 level · 6/13 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
The Coca-Cola Company KO	$4.4B	20%	Sep 2026
PepsiCo, Inc. PEP	$3.0B	136%	Jun 2026
Coca-Cola Europacific Partners PLC CCEP	$991M	65%	Sep 2026
Monster Beverage Corporation MNST	$585M	20%	Jun 2026
Keurig Dr Pepper Inc. KDP	$210M	-62%	Jun 2026
Coca-Cola Consolidated, Inc. COKE	$112M	-40%	Jun 2026
Celsius Holdings, Inc. CELH	$110M	150%	Mar 2026
National Beverage Corp. FIZZ	$40M	-11%	Jun 2026
The Vita Coco Company, Inc. COCO	$30M	58%	Jun 2026
Primo Brands Corporation PRMB	$27M	-23%	Mar 2026
Suja Life, Inc. SUJA	$8M	—	Mar 2026
Buda Juice, Inc. BUDA	$0M	-100%	Mar 2026
Zevia PBC ZVIA	$-2M	—	Mar 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

Dec 2021$12M

Mar 2022$7M

Jun 2022$9M

Sep 2022$-182M

Dec 2022$-21M

Mar 2023$41M

Jun 2023$52M

Sep 2023$84M

Dec 2023$50M

Mar 2024$78M

Jun 2024$80M

Sep 2024$6M

Dec 2024$-19M

Mar 2025$44M

Jun 2025$100M

Sep 2025$-61M

Dec 2025$25M

Mar 2026$110M

Jun 2026—

Sep 2026—

Coca-Cola Consolidated, Inc. · COKE

Dec 2021$69M

Mar 2022—

Jun 2022$93M

Sep 2022$100M

Dec 2022—

Mar 2023$118M

Jun 2023$122M

Sep 2023$92M

Dec 2023—

Mar 2024$166M

Jun 2024$173M

Sep 2024$116M

Dec 2024$179M

Mar 2025$104M

Jun 2025$187M

Sep 2025$142M

Dec 2025$137M

Mar 2026—

Jun 2026$112M

Sep 2026—

Coca-Cola Europacific Partners PLC · CCEP

Dec 2021$742M

Mar 2022—

Jun 2022—

Sep 2022$675M

Dec 2022$846M

Mar 2023—

Jun 2023$854M

Sep 2023—

Dec 2023$815M

Mar 2024—

Jun 2024$811M

Sep 2024—

Dec 2024$633M

Mar 2025—

Jun 2025$937M

Sep 2025—

Dec 2025$1.0B

Mar 2026—

Jun 2026—

Sep 2026$991M

Keurig Dr Pepper Inc. · KDP

Dec 2021$843M

Mar 2022$585M

Jun 2022$218M

Sep 2022$179M

Dec 2022$453M

Mar 2023$467M

Jun 2023$503M

Sep 2023$518M

Dec 2023$693M

Mar 2024$454M

Jun 2024$515M

Sep 2024$616M

Dec 2024$-144M

Mar 2025$517M

Jun 2025$547M

Sep 2025$662M

Dec 2025$353M

Mar 2026$270M

Jun 2026$210M

Sep 2026—

Monster Beverage Corporation · MNST

Dec 2021$321M

Mar 2022$294M

Jun 2022$273M

Sep 2022$322M

Dec 2022$302M

Mar 2023$397M

Jun 2023$414M

Sep 2023$453M

Dec 2023$367M

Mar 2024$442M

Jun 2024$425M

Sep 2024$371M

Dec 2024$271M

Mar 2025$443M

Jun 2025$489M

Sep 2025$524M

Dec 2025$449M

Mar 2026$569M

Jun 2026$585M

Sep 2026—

National Beverage Corp. · FIZZ

Dec 2021$39M

Mar 2022$31M

Jun 2022$34M

Sep 2022$35M

Dec 2022$36M

Mar 2023$34M

Jun 2023$36M

Sep 2023$50M

Dec 2023$44M

Mar 2024$40M

Jun 2024$44M

Sep 2024$57M

Dec 2024$46M

Mar 2025$40M

Jun 2025$45M

Sep 2025$56M

Dec 2025$46M

Mar 2026$41M

Jun 2026$40M

Sep 2026—

PepsiCo, Inc. · PEP

Dec 2021$1.3B

Mar 2022$4.3B

Jun 2022$1.4B

Sep 2022$2.7B

Dec 2022$518M

Mar 2023$1.9B

Jun 2023$2.7B

Sep 2023$3.1B

Dec 2023$1.3B

Mar 2024$2.0B

Jun 2024$3.1B

Sep 2024$2.9B

Dec 2024$1.5B

Mar 2025$1.8B

Jun 2025$1.3B

Sep 2025$2.6B

Dec 2025$2.5B

Mar 2026$2.3B

Jun 2026$3.0B

Sep 2026—

Primo Brands Corporation · PRMB

Dec 2021$18M

Mar 2022$-3M

Jun 2022$-7M

Sep 2022$-23M

Dec 2022$1M

Mar 2023—

Jun 2023$3M

Sep 2023$14M

Dec 2023$46M

Mar 2024$34M

Jun 2024$55M

Sep 2024$53M

Dec 2024$-154M

Mar 2025$35M

Jun 2025$31M

Sep 2025$41M

Dec 2025$-25M

Mar 2026$27M

Jun 2026—

Sep 2026—

Suja Life, Inc. · SUJA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025$-1M

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026$8M

Jun 2026—

Sep 2026—

The Coca-Cola Company · KO

Dec 2021$2.5B

Mar 2022—

Jun 2022$2.8B

Sep 2022$1.9B

Dec 2022$2.0B

Mar 2023$3.1B

Jun 2023$2.5B

Sep 2023$3.1B

Dec 2023$2.0B

Mar 2024$3.2B

Jun 2024$2.4B

Sep 2024$2.8B

Dec 2024$2.2B

Mar 2025$3.3B

Jun 2025$3.8B

Sep 2025$3.7B

Dec 2025$2.3B

Mar 2026—

Jun 2026$3.9B

Sep 2026$4.4B

The Vita Coco Company, Inc. · COCO

Dec 2021$-3M

Mar 2022$2M

Jun 2022$1M

Sep 2022$7M

Dec 2022$-3M

Mar 2023$7M

Jun 2023$18M

Sep 2023$15M

Dec 2023$7M

Mar 2024$14M

Jun 2024$19M

Sep 2024$19M

Dec 2024$3M

Mar 2025$19M

Jun 2025$23M

Sep 2025$24M

Dec 2025$6M

Mar 2026$30M

Jun 2026—

Sep 2026—

Zevia PBC · ZVIA

Dec 2021$-37M

Mar 2022$-17M

Jun 2022$-15M

Sep 2022$-9M

Dec 2022$-6M

Mar 2023$-3M

Jun 2023$-5M

Sep 2023$-11M

Dec 2023$-9M

Mar 2024$-7M

Jun 2024$-7M

Sep 2024$-3M

Dec 2024$-7M

Mar 2025$-6M

Jun 2025$-1M

Sep 2025$-3M

Dec 2025$-1M

Mar 2026$-2M

Jun 2026—

Sep 2026—

Profit growth · reported quarter history

Buda Juice, Inc. · BUDA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.0%

Jun 20250.0%

Sep 20250.0%

Dec 20250.0%

Mar 2026-100%

Jun 2026—

Sep 2026—

Celsius Holdings, Inc. · CELH

Dec 2021—

Mar 2022—

Jun 2022800%

Sep 2022—

Dec 2022-275%

Mar 2023486%

Jun 2023478%

Sep 2023—

Dec 2023—

Mar 202490%

Jun 202454%

Sep 2024-93%

Dec 2024-138%

Mar 2025-44%

Jun 202525%

Sep 2025-1,117%

Dec 2025—

Mar 2026150%

Jun 2026—

Sep 2026—

Coca-Cola Consolidated, Inc. · COKE

Dec 2021—

Mar 2022—

Jun 202275%

Sep 2022108%

Dec 2022—

Mar 2023—

Jun 202331%

Sep 2023-8.0%

Dec 2023—

Mar 202441%

Jun 202442%

Sep 202426%

Dec 2024—

Mar 2025-37%

Jun 20258.1%

Sep 202522%

Dec 2025-23%

Mar 2026—

Jun 2026-40%

Sep 2026—

Coca-Cola Europacific Partners PLC · CCEP

Dec 202199%

Mar 2022—

Jun 2022—

Sep 2022174%

Dec 202214%

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-3.7%

Mar 2024—

Jun 2024-5.0%

Sep 2024—

Dec 2024-22%

Mar 2025—

Jun 202516%

Sep 2025—

Dec 202565%

Mar 2026—

Jun 2026—

Sep 2026—

Keurig Dr Pepper Inc. · KDP

Dec 2021—

Mar 2022—

Jun 2022-51%

Sep 2022-66%

Dec 2022-46%

Mar 2023-20%

Jun 2023131%

Sep 2023189%

Dec 202353%

Mar 2024-2.8%

Jun 20242.4%

Sep 202419%

Dec 2024-121%

Mar 202514%

Jun 20256.2%

Sep 20257.5%

Dec 2025—

Mar 2026-48%

Jun 2026-62%

Sep 2026—

Monster Beverage Corporation · MNST

Dec 2021—

Mar 2022—

Jun 2022-32%

Sep 2022-4.5%

Dec 2022-5.9%

Mar 202335%

Jun 202352%

Sep 202341%

Dec 202322%

Mar 202411%

Jun 20242.7%

Sep 2024-18%

Dec 2024-26%

Mar 20250.2%

Jun 202515%

Sep 202541%

Dec 202566%

Mar 202628%

Jun 202620%

Sep 2026—

National Beverage Corp. · FIZZ

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-35%

Dec 2022-7.7%

Mar 20239.7%

Jun 20235.9%

Sep 202343%

Dec 202322%

Mar 202418%

Jun 202422%

Sep 202414%

Dec 20244.6%

Mar 20250.0%

Jun 20252.3%

Sep 2025-1.8%

Dec 20250.0%

Mar 20262.5%

Jun 2026-11%

Sep 2026—

PepsiCo, Inc. · PEP

Dec 2021—

Mar 2022—

Jun 2022-40%

Sep 202221%

Dec 2022-61%

Mar 2023-55%

Jun 202392%

Sep 202314%

Dec 2023151%

Mar 20245.7%

Jun 202412%

Sep 2024-5.2%

Dec 202417%

Mar 2025-10%

Jun 2025-59%

Sep 2025-11%

Dec 202567%

Mar 202627%

Jun 2026136%

Sep 2026—

Primo Brands Corporation · PRMB

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-153%

Dec 2022-94%

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20234,500%

Mar 2024—

Jun 20241,733%

Sep 2024279%

Dec 2024-435%

Mar 20252.9%

Jun 2025-44%

Sep 2025-23%

Dec 2025—

Mar 2026-23%

Jun 2026—

Sep 2026—

The Coca-Cola Company · KO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-27%

Dec 2022-18%

Mar 2023—

Jun 2023-8.4%

Sep 202362%

Dec 2023-2.9%

Mar 20242.3%

Jun 2024-5.3%

Sep 2024-7.7%

Dec 202411%

Mar 20254.8%

Jun 202558%

Sep 202530%

Dec 20253.5%

Mar 2026—

Jun 20263.0%

Sep 202620%

The Vita Coco Company, Inc. · COCO

Dec 2021—

Mar 2022—

Jun 2022-88%

Sep 2022-46%

Dec 2022—

Mar 2023250%

Jun 20231,700%

Sep 2023114%

Dec 2023—

Mar 2024100%

Jun 20245.6%

Sep 202427%

Dec 2024-57%

Mar 202536%

Jun 202521%

Sep 202526%

Dec 2025100%

Mar 202658%

Jun 2026—

Sep 2026—

08 · compare level, then change

Return On Capital Employed

PepsiCo, Inc. has the highest ROCE among the 13 Beverages - Non-Alcoholic companies compared here, at 20.2%. The Coca-Cola Company is next at 19.3%. The Vita Coco Company, Inc. has the highest ROCE change at +8.2 percentage points, 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. leads ROCE at 20.2%, 0.9 percentage points above The Coca-Cola Company. 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.

LeaderPepsiCo, Inc. · 20.2%

Gap4.7% versus #2 · The Coca-Cola Company

Persistence4/8 recent comparable periods

Coverage13/13 companies · 215 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 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

1PepsiCo, Inc. PEP20%

2The Coca-Cola Company KO19%

3The Vita Coco Company, Inc. COCO17%

4Suja Life, Inc. SUJA · older report8.7%

5Monster Beverage Corporation MNST8.6%

ROCE changefastest improvers

1The Vita Coco Company, Inc. COCO+8.2 pp

2Zevia PBC ZVIA · older report+6.8 pp

3Celsius Holdings, Inc. CELH · older report+1.2 pp

4The Coca-Cola Company KO+1.1 pp

5Coca-Cola Europacific Partners PLC CCEP0.0 pp

Return on capital · company comparison

13/13 level · 13/13 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
PepsiCo, Inc. PEP	20%	−0.8 pp	Jun 2026
The Coca-Cola Company KO	19%	+1.1 pp	Sep 2026
The Vita Coco Company, Inc. COCO	17%	+8.2 pp	Jun 2026
Suja Life, Inc. SUJA	8.7%	0.0 pp	Mar 2026
Monster Beverage Corporation MNST	8.6%	−0.2 pp	Jun 2026
National Beverage Corp. FIZZ	8.0%	−1.9 pp	Jun 2026
Coca-Cola Consolidated, Inc. COKE	6.5%	0.0 pp	Jun 2026
Buda Juice, Inc. BUDA	5.4%	−29.5 pp	Mar 2026
Celsius Holdings, Inc. CELH	5.0%	+1.2 pp	Mar 2026
Coca-Cola Europacific Partners PLC CCEP	3.2%	0.0 pp	Sep 2026
Primo Brands Corporation PRMB	1.5%	−0.9 pp	Mar 2026
Keurig Dr Pepper Inc. KDP	1.1%	−0.9 pp	Jun 2026
Zevia PBC ZVIA	-6.6%	+6.8 pp	Mar 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

Dec 20211.8%

Mar 20225.9%

Jun 20225.8%

Sep 2022-24%

Dec 2022-5.1%

Mar 20236.7%

Jun 20239.4%

Sep 20238.6%

Dec 20235.1%

Mar 20246.8%

Jun 20247.4%

Sep 2024-0.2%

Dec 2024-1.4%

Mar 20253.8%

Jun 20256.3%

Sep 2025-2.8%

Dec 20251.0%

Mar 20265.0%

Jun 2026—

Sep 2026—

Coca-Cola Consolidated, Inc. · COKE

Dec 20215.2%

Mar 2022—

Jun 20225.1%

Sep 20225.7%

Dec 20226.4%

Mar 20237.5%

Jun 20238.2%

Sep 20237.3%

Dec 20235.9%

Mar 20246.8%

Jun 20247.2%

Sep 20246.1%

Dec 20246.1%

Mar 20255.1%

Jun 20256.5%

Sep 20255.8%

Dec 20256.7%

Mar 2026—

Jun 20266.5%

Sep 2026—

Coca-Cola Europacific Partners PLC · CCEP

Dec 20212.6%

Mar 2022—

Jun 20222.1%

Sep 20222.1%

Dec 20222.5%

Mar 20232.7%

Jun 20232.7%

Sep 20232.7%

Dec 20232.7%

Mar 20242.6%

Jun 20242.6%

Sep 20242.2%

Dec 20242.2%

Mar 20253.0%

Jun 20253.0%

Sep 20253.2%

Dec 20253.2%

Mar 2026—

Jun 20263.2%

Sep 20263.2%

Keurig Dr Pepper Inc. · KDP

Dec 20211.7%

Mar 20222.2%

Jun 20221.3%

Sep 20220.9%

Dec 20221.5%

Mar 20231.3%

Jun 20231.8%

Sep 20232.1%

Dec 20232.2%

Mar 20241.7%

Jun 20242.0%

Sep 20242.1%

Dec 20240.1%

Mar 20251.8%

Jun 20252.0%

Sep 20252.2%

Dec 20251.9%

Mar 20261.4%

Jun 20261.1%

Sep 2026—

Monster Beverage Corporation · MNST

Dec 20216.7%

Mar 20226.2%

Jun 20225.6%

Sep 20226.1%

Dec 20225.6%

Mar 20236.6%

Jun 20236.9%

Sep 20236.7%

Dec 20235.5%

Mar 20246.6%

Jun 20247.0%

Sep 20246.4%

Dec 20245.0%

Mar 20257.2%

Jun 20258.8%

Sep 20259.1%

Dec 20257.2%

Mar 20269.1%

Jun 20268.6%

Sep 2026—

National Beverage Corp. · FIZZ

Dec 20219.3%

Mar 202212%

Jun 202212%

Sep 202212%

Dec 202211%

Mar 202313%

Jun 202313%

Sep 202316%

Dec 202312%

Mar 20249.8%

Jun 202410%

Sep 202416%

Dec 202412%

Mar 20259.5%

Jun 20259.9%

Sep 202515%

Dec 202511%

Mar 20268.9%

Jun 20268.0%

Sep 2026—

PepsiCo, Inc. · PEP

Dec 202118%

Mar 202219%

Jun 202219%

Sep 202219%

Dec 202219%

Mar 202319%

Jun 202319%

Sep 202320%

Dec 202320%

Mar 202420%

Jun 202421%

Sep 202420%

Dec 202422%

Mar 202521%

Jun 202521%

Sep 202519%

Dec 202520%

Mar 202620%

Jun 202620%

Sep 2026—

Primo Brands Corporation · PRMB

Dec 20211.4%

Mar 20220.5%

Jun 20220.5%

Sep 20220.2%

Dec 20221.5%

Mar 2023—

Jun 20230.7%

Sep 20231.4%

Dec 20237.7%

Mar 20244.1%

Jun 20245.2%

Sep 20245.2%

Dec 2024-1.1%

Mar 20252.4%

Jun 20251.8%

Sep 20252.3%

Dec 20250.2%

Mar 20261.5%

Jun 2026—

Sep 2026—

Suja Life, Inc. · SUJA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.0%

Mar 20240.0%

Jun 2024—

Sep 20240.0%

Dec 20240.0%

Mar 2025—

Jun 2025—

Sep 20250.0%

Dec 20250.0%

Mar 20268.7%

Jun 2026—

Sep 2026—

The Coca-Cola Company · KO

Dec 202116%

Mar 2022—

Jun 202216%

Sep 202217%

Dec 202217%

Mar 202317%

Jun 202317%

Sep 202318%

Dec 202318%

Mar 202419%

Jun 202419%

Sep 202418%

Dec 202419%

Mar 202518%

Jun 202518%

Sep 202518%

Dec 202518%

Mar 2026—

Jun 202619%

Sep 202619%

The Vita Coco Company, Inc. · COCO

Dec 2021-4.0%

Mar 2022-4.8%

Jun 20224.0%

Sep 20226.1%

Dec 2022-3.6%

Mar 20234.6%

Jun 202313%

Sep 202314%

Dec 20233.1%

Mar 202411%

Jun 202415%

Sep 20249.2%

Dec 20241.9%

Mar 20257.7%

Jun 20259.2%

Sep 20259.5%

Dec 20253.4%

Mar 202610%

Jun 202617%

Sep 2026—

Zevia PBC · ZVIA

Dec 2021-53%

Mar 2022-27%

Jun 2022-25%

Sep 2022-9.4%

Dec 2022-6.8%

Mar 2023-3.7%

Jun 2023-6.4%

Sep 2023-15%

Dec 2023-12%

Mar 2024-10%

Jun 2024-11%

Sep 2024-4.9%

Dec 2024-12%

Mar 2025-13%

Jun 2025-2.3%

Sep 2025-6.7%

Dec 2025-3.8%

Mar 2026-6.6%

Jun 2026—

Sep 2026—

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

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−6.9 pp

Mar 2023+0.8 pp

Jun 2023+3.6 pp

Sep 2023+32.1 pp

Dec 2023+10.2 pp

Mar 2024+0.1 pp

Jun 2024−2.0 pp

Sep 2024−8.8 pp

Dec 2024−6.5 pp

Mar 2025−3.0 pp

Jun 2025−1.1 pp

Sep 2025−2.6 pp

Dec 2025+2.4 pp

Mar 2026+1.2 pp

Jun 2026—

Sep 2026—

Coca-Cola Consolidated, Inc. · COKE

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+1.2 pp

Mar 2023—

Jun 2023+3.1 pp

Sep 2023+1.6 pp

Dec 2023−0.5 pp

Mar 2024−0.7 pp

Jun 2024−1.0 pp

Sep 2024−1.2 pp

Dec 2024+0.2 pp

Mar 2025−1.7 pp

Jun 2025−0.7 pp

Sep 2025−0.3 pp

Dec 2025+0.6 pp

Mar 2026—

Jun 20260.0 pp

Sep 2026—

Coca-Cola Europacific Partners PLC · CCEP

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−0.1 pp

Mar 2023—

Jun 2023+0.6 pp

Sep 2023+0.6 pp

Dec 2023+0.2 pp

Mar 2024−0.1 pp

Jun 2024−0.1 pp

Sep 2024−0.5 pp

Dec 2024−0.5 pp

Mar 2025+0.4 pp

Jun 2025+0.4 pp

Sep 2025+1.0 pp

Dec 2025+1.0 pp

Mar 2026—

Jun 2026+0.2 pp

Sep 20260.0 pp

Keurig Dr Pepper Inc. · KDP

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−0.2 pp

Mar 2023−0.9 pp

Jun 2023+0.5 pp

Sep 2023+1.2 pp

Dec 2023+0.7 pp

Mar 2024+0.4 pp

Jun 2024+0.2 pp

Sep 20240.0 pp

Dec 2024−2.1 pp

Mar 2025+0.1 pp

Jun 20250.0 pp

Sep 2025+0.1 pp

Dec 2025+1.8 pp

Mar 2026−0.4 pp

Jun 2026−0.9 pp

Sep 2026—

Monster Beverage Corporation · MNST

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−1.1 pp

Mar 2023+0.4 pp

Jun 2023+1.3 pp

Sep 2023+0.6 pp

Dec 2023−0.1 pp

Mar 20240.0 pp

Jun 2024+0.1 pp

Sep 2024−0.3 pp

Dec 2024−0.5 pp

Mar 2025+0.6 pp

Jun 2025+1.8 pp

Sep 2025+2.7 pp

Dec 2025+2.2 pp

Mar 2026+1.9 pp

Jun 2026−0.2 pp

Sep 2026—

National Beverage Corp. · FIZZ

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+1.8 pp

Mar 2023+0.5 pp

Jun 2023+0.6 pp

Sep 2023+3.7 pp

Dec 2023+1.2 pp

Mar 2024−2.7 pp

Jun 2024−3.0 pp

Sep 2024+0.6 pp

Dec 2024−0.2 pp

Mar 2025−0.3 pp

Jun 2025−0.1 pp

Sep 2025−1.5 pp

Dec 2025−1.2 pp

Mar 2026−0.6 pp

Jun 2026−1.9 pp

Sep 2026—

PepsiCo, Inc. · PEP

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+1.0 pp

Mar 2023+0.1 pp

Jun 20230.0 pp

Sep 2023+1.1 pp

Dec 2023+1.2 pp

Mar 2024+1.5 pp

Jun 2024+1.6 pp

Sep 2024+0.6 pp

Dec 2024+1.4 pp

Mar 2025+0.7 pp

Jun 2025+0.1 pp

Sep 2025−1.3 pp

Dec 2025−1.6 pp

Mar 2026−0.5 pp

Jun 2026−0.8 pp

Sep 2026—

Primo Brands Corporation · PRMB

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+0.1 pp

Mar 2023—

Jun 2023+0.2 pp

Sep 2023+1.2 pp

Dec 2023+6.2 pp

Mar 2024—

Jun 2024+4.5 pp

Sep 2024+3.8 pp

Dec 2024−8.8 pp

Mar 2025−1.7 pp

Jun 2025−3.4 pp

Sep 2025−2.9 pp

Dec 2025+1.3 pp

Mar 2026−0.9 pp

Jun 2026—

Sep 2026—

Suja Life, Inc. · SUJA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20240.0 pp

Mar 2025—

Jun 2025—

Sep 20250.0 pp

Dec 20250.0 pp

Mar 2026—

Jun 2026—

Sep 2026—

The Coca-Cola Company · KO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+1.1 pp

Mar 2023—

Jun 2023+1.1 pp

Sep 2023+1.4 pp

Dec 2023+1.0 pp

Mar 2024+2.4 pp

Jun 2024+2.0 pp

Sep 2024−0.4 pp

Dec 2024+1.1 pp

Mar 2025−0.6 pp

Jun 2025−1.3 pp

Sep 2025+0.7 pp

Dec 2025−1.0 pp

Mar 2026—

Jun 2026+1.3 pp

Sep 2026+1.1 pp

The Vita Coco Company, Inc. · COCO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+0.4 pp

Mar 2023+9.4 pp

Jun 2023+8.7 pp

Sep 2023+7.4 pp

Dec 2023+6.7 pp

Mar 2024+5.9 pp

Jun 2024+2.1 pp

Sep 2024−4.3 pp

Dec 2024−1.2 pp

Mar 2025−2.8 pp

Jun 2025−5.6 pp

Sep 2025+0.3 pp

Dec 2025+1.5 pp

Mar 2026+2.5 pp

Jun 2026+8.2 pp

Sep 2026—

Zevia PBC · ZVIA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+46.6 pp

Mar 2023+23.2 pp

Jun 2023+18.1 pp

Sep 2023−5.3 pp

Dec 2023−5.5 pp

Mar 2024−6.7 pp

Jun 2024−4.3 pp

Sep 2024+9.8 pp

Dec 2024+0.4 pp

Mar 2025−3.0 pp

Jun 2025+8.4 pp

Sep 2025−1.8 pp

Dec 2025+8.1 pp

Mar 2026+6.8 pp

Jun 2026—

Sep 2026—

09 · compare level, then change

Valuation Against Growth & Quality

PepsiCo, Inc. has the lowest 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 PEG at 0.48×, 44.2% below Keurig Dr Pepper Inc.. Only 5 of 13 companies have earnings and growth steady enough for the ratio to mean anything, 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 · 43 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1PepsiCo, Inc. PEP0.5

2Keurig Dr Pepper Inc. KDP0.9

3Monster Beverage Corporation MNST1.3

4Celsius Holdings, Inc. CELH · older report2.4

5National Beverage Corp. FIZZ3.7

P/Elowest P/E

1National Beverage Corp. FIZZ17.4

2PepsiCo, Inc. PEP18.9

3Coca-Cola Europacific Partners PLC CCEP21.0

4Coca-Cola Consolidated, Inc. COKE22.4

5The Coca-Cola Company KO25.3

Valuation · company comparison

5/13 level · 11/13 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
National Beverage Corp. FIZZ	3.7	17.4	Jun 2026
Celsius Holdings, Inc. CELH	2.4	82.5	Mar 2026
Monster Beverage Corporation MNST	1.3	44.5	Jun 2026
The Coca-Cola Company KO	1.0	25.3	Sep 2026
The Vita Coco Company, Inc. COCO	1.0	36.5	Jun 2026
Keurig Dr Pepper Inc. KDP	0.9	33.1	Jun 2026
PepsiCo, Inc. PEP	0.5	18.9	Jun 2026
Coca-Cola Europacific Partners PLC CCEP	—	21.0	Sep 2026
Coca-Cola Consolidated, Inc. COKE	—	22.4	Jun 2026
Primo Brands Corporation PRMB	—	134.5	Mar 2026
Buda Juice, Inc. BUDA	—	42.4	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Celsius Holdings, Inc. · CELH

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20240.9

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 20262.4

Jun 2026—

Sep 2026—

Keurig Dr Pepper Inc. · KDP

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20232.9

Dec 20230.4

Mar 2024—

Jun 20240.6

Sep 20241.2

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20250.4

Mar 20260.9

Jun 2026—

Sep 2026—

Monster Beverage Corporation · MNST

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20232.2

Sep 20231.2

Dec 20231.0

Mar 20241.3

Jun 20241.8

Sep 20246.2

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20253.0

Dec 20251.3

Mar 20261.0

Jun 20261.3

Sep 2026—

National Beverage Corp. · FIZZ

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20232.5

Dec 20231.3

Mar 20241.3

Jun 20241.0

Sep 20241.5

Dec 20241.7

Mar 20252.2

Jun 20253.7

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Sep 2026—

PepsiCo, Inc. · PEP

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20240.6

Jun 20241.2

Sep 20242.0

Dec 20243.8

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 20260.5

Sep 2026—

The Coca-Cola Company · KO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20242.4

Jun 20242.3

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20251.7

Sep 20250.9

Dec 20251.0

Mar 2026—

Jun 2026—

Sep 2026—

The Vita Coco Company, Inc. · COCO

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20240.5

Dec 20242.2

Mar 20253.1

Jun 20252.2

Sep 20252.3

Dec 20251.8

Mar 20261.0

Jun 2026—

Sep 2026—

P/E · reported quarter history

Buda Juice, Inc. · BUDA

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 202642.4

Jun 2026—

Sep 2026—

Celsius Holdings, Inc. · CELH

Dec 20211,243.0

Mar 2022459.8

Jun 2022283.7

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023119.2

Dec 202370.8

Mar 202491.1

Jun 202456.0

Sep 202443.6

Dec 202458.5

Mar 2025111.3

Jun 2025125.4

Sep 2025574.9

Dec 2025183.0

Mar 202682.5

Jun 2026—

Sep 2026—

Coca-Cola Consolidated, Inc. · COKE

Dec 202115.5

Mar 2022—

Jun 202221.0

Sep 202219.2

Dec 202211.2

Mar 202311.1

Jun 202312.5

Sep 202313.3

Dec 202321.3

Mar 202417.4

Jun 202419.9

Sep 202422.5

Dec 202418.0

Mar 202520.3

Jun 202516.7

Sep 202516.4

Dec 202522.5

Mar 2026—

Jun 202622.4

Sep 2026—

Coca-Cola Europacific Partners PLC · CCEP

Dec 202122.9

Mar 2022—

Jun 202217.3

Sep 202216.6

Dec 202215.7

Mar 202315.6

Jun 202316.0

Sep 202316.1

Dec 202316.6

Mar 202418.2

Jun 202419.4

Sep 202421.5

Dec 202424.0

Mar 202524.9

Jun 202523.3

Sep 202520.3

Dec 202518.2

Mar 2026—

Jun 202618.4

Sep 202621.0

Keurig Dr Pepper Inc. · KDP

Dec 202124.6

Mar 202222.6

Jun 202223.3

Sep 202228.0

Dec 202235.3

Mar 202337.9

Jun 202327.4

Sep 202322.9

Dec 202321.5

Mar 202419.8

Jun 202421.3

Sep 202422.7

Dec 202430.6

Mar 202531.1

Jun 202529.5

Sep 202522.0

Dec 202518.3

Mar 202619.5

Jun 202633.1

Sep 2026—

Monster Beverage Corporation · MNST

Dec 202137.2

Mar 202231.7

Jun 202240.5

Sep 202238.5

Dec 202245.3

Mar 202343.9

Jun 202342.2

Sep 202335.5

Dec 202337.4

Mar 202437.3

Jun 202431.0

Sep 202433.4

Dec 202435.3

Mar 202538.5

Jun 202538.9

Sep 202538.2

Dec 202539.5

Mar 202635.0

Jun 202644.5

Sep 2026—

National Beverage Corp. · FIZZ

Dec 202131.2

Mar 202224.7

Jun 202226.1

Sep 202236.4

Dec 202232.0

Mar 202328.7

Jun 202332.7

Sep 202331.5

Dec 202325.7

Mar 202426.1

Jun 202423.1

Sep 202425.4

Dec 202422.8

Mar 202521.3

Jun 202521.7

Sep 202523.3

Dec 202516.7

Mar 202617.0

Jun 202617.4

Sep 2026—

PepsiCo, Inc. · PEP

Dec 202131.2

Mar 202222.2

Jun 202224.3

Sep 202224.2

Dec 202228.3

Mar 202337.5

Jun 202332.4

Sep 202329.3

Dec 202326.0

Mar 202425.8

Jun 202423.7

Sep 202426.0

Dec 202422.2

Mar 202521.3

Jun 202523.8

Sep 202527.8

Dec 202523.9

Mar 202623.5

Jun 202618.9

Sep 2026—

Primo Brands Corporation · PRMB

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202356.9

Sep 202323.2

Dec 202351.9

Mar 202435.7

Jun 202434.7

Sep 202438.3

Dec 2024—

Mar 2025507.0

Jun 2025—

Sep 2025—

Dec 2025102.2

Mar 2026134.5

Jun 2026—

Sep 2026—

The Coca-Cola Company · KO

Dec 202126.0

Mar 2022—

Jun 202226.5

Sep 202229.2

Dec 202228.8

Mar 202327.2

Jun 202324.8

Sep 202322.5

Dec 202323.8

Mar 202424.5

Jun 202425.8

Sep 202429.7

Dec 202425.2

Mar 202528.1

Jun 202524.9

Sep 202521.7

Dec 202522.9

Mar 2026—

Jun 202624.1

Sep 202625.3

The Vita Coco Company, Inc. · COCO

Dec 202131.9

Mar 202224.2

Jun 202240.8

Sep 202287.6

Dec 202298.7

Mar 202389.2

Jun 202352.7

Sep 202340.7

Dec 202332.5

Mar 202426.6

Jun 202430.0

Sep 202428.6

Dec 202439.3

Mar 202530.4

Jun 202533.7

Sep 202536.9

Dec 202544.6

Mar 202635.0

Jun 202636.5

Sep 2026—

10 · 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. 5 of the 13 companies report on an older date than the sector's freshest reporters, so their ranks are 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.
5 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker.

11 · 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 Sep 2026 and market data through 2026-09-16. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Sep 2026 · up to 20 quarters per company

Market dataThrough 2026-09-16 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG 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.

12 · questions investors ask, short speakable answers

Beverages - Non-Alcoholic company comparison FAQs

These 22 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 Sep 2026. Price and relative-strength answers run through 2026-09-16. Nothing here is estimated, and none of it is a recommendation.

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

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?

The Coca-Cola Company ranks first at 71.3/100 with 57.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

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

PepsiCo, Inc. has the lowest comparable PEG at 0.48, among 5 of 13 companies whose earnings and growth are steady enough for the ratio to mean anything.

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

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Sep 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.

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 $20,090 million. That covers 8 of 13 companies with comparable reporting through Jun 2026.

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

The Coca-Cola Company has the highest operating margin at 34.9%, 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 $10,451 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?

PepsiCo, Inc. leads on return on capital employed at 20.2%, 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 PEG — where a LOWER number is cheaper — PepsiCo, Inc. screens cheapest at 0.48×. Only 5 of 13 companies have earnings and growth steady enough for the ratio to mean anything, 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.

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

Beverages - Non-Alcoholic has underperformed S&P 500 by 3.6% over the last 52 weeks and 3.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 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?

Coca-Cola Consolidated, 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?

The Coca-Cola Company scores 71.3 out of 100 with 57.8% evidence confidence, from 21.8 points on growth and earnings, 20.1 on capital efficiency, 10.3 on valuation and 19.1 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, ending Sep 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 $772,786 million of combined market value. The Coca-Cola Company is the largest at $378,065 million, about 49% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-16.

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 33.1×, 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 2026-09-16.

How is the Beverages - Non-Alcoholic sector performing?

4 of the 11 covered Beverages - Non-Alcoholic companies are beating S&P 500 on Mansfield relative strength. The sector itself is 3.6% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-16.

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 Sep 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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