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Non-alcoholic beverages

The 18 companies in this industry listed on the NYSE and Nasdaq are worth $822 bn combined; the largest are Coca-Cola (KO), PepsiCo (PEP) and Monster Beverage (MNST). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Comfortable leader
18 companies value 822 bn revenue 257 bn margin 12.8% free cash flow 33 bn avg. score 3.9
KO holds 48.9% of the group's value, 2.2x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 KO Coca-Cola
United States · score 6.9
49% 402 bn 50 bn 28.6% 14 bn 3.6% 2.8% Soft drinks and beverages: Coca-Cola, Sprite and Fanta · World's most valuable beverage brand; a global bottling system
2 PEP PepsiCo
United States · score 6.9
22% 182 bn 98 bn 11.1% 10 bn 5.8% 4.3% Pepsi soft drinks and Frito-Lay and Quaker snacks · Beverages + Frito-Lay, the undisputed leader in salty snacks
3 MNST Monster Beverage
United States · score 6.9
11% 92 bn 9.2 bn 23.1% 2.1 bn 2.3% — Monster energy drinks · Global energy drink leader alongside Red Bull (unlisted)
4 KDP Keurig Dr Pepper
United States · score 4.6
6% 47 bn 20 bn 7.1% 2.0 bn 4.2% 2.7% Dr Pepper soft drinks and Keurig coffee makers · Coffee pods + soft drinks; a rare mix of growth and dividends
5 FMX Fomento Económico Mexicano
Mexico · score 6.0
5% 44 bn 47 bn 3.9% 1.8 bn 4.2% 6.4% Oxxo stores, Coca-Cola bottling and logistics, from Mexico · World's largest Coca-Cola bottler + the OXXO chain
6 KOF COCA COLA FEMSA SAB DE CV
Mexico · score 5.6
3% 25 bn 16 bn 8.6% 0.5 bn 2.0% 3.4% World's largest Coca-Cola bottler, from Mexico · Mexico — revenue of $15.8bn
7 COKE Coca-Cola Consolidated
United States · score 4.6
2% 14 bn 7.7 bn 7.2% 0.6 bn 4.6% 0.6% Largest Coca-Cola bottler in the United States · Largest US Coca-Cola bottler
8 CELH Celsius Holdings
United States · score 6.1
1% 7.5 bn 3.0 bn 4.2% 0.5 bn 6.2% — Celsius functional energy drinks · The fastest-growing fitness energy drink in the US this decade
9 AKO-A ANDINA BOTTLING CO INC
Chile · score 6.3
1% 4.2 bn 3.4 bn 8.1% 0.2 bn 4.5% 4.8% Coca-Cola bottler in Chile, Brazil, Argentina and Paraguay · Chile — revenue of $3.4bn
10 COCO Vita Coco Company, Inc.
United States · score 6.7
0% 3.4 bn 0.7 bn 15.5% 0.1 bn 3.7% — Coconut water and plant-based beverages · New York — revenue of $706m
11 WEST Westrock Coffee Co
United States · score 0.0
0% 0.9 bn 1.3 bn -4.9% -0.0 bn -1.8% — Coffee, tea, extracts and ingredients, from farm to cup · Arkansas — revenue of $1.3bn
12 SUJA SUJA LIFE, INC.
United States · score 0.4
0% 0.4 bn 0.4 bn -6.6% -0.0 bn — -3.4% — Cold-pressed juices and wellness drinks · California — revenue of $355m
13 BRCC BRC Inc.
United States · score 1.3
0% 0.3 bn 0.4 bn -0.9% 0.0 bn 3.1% — Black Rifle coffee and beverages · Utah — revenue of $430m
14 ZVIA Zevia PBC
United States · score 2.2
0% 0.1 bn 0.2 bn -5.3% 0.0 bn 3.1% — Zero-sugar sodas sweetened with stevia · California — revenue of $170m
15 BUDA BUDA JUICE, INC.
United States · score 5.4
0% 0.1 bn 0.0 bn 17.1% 0.0 bn 2.1% — Organic cold-pressed juices · Texas — revenue of $14m
16 REED REED'S, INC.
United States · score 0.0
0% 0.0 bn 0.0 bn -63.5% -0.0 bn -338.9% — Natural and functional beverages under the Reed's and Virgil's brands · Connecticut — revenue of $29m
17 RKDA Arcadia Biosciences, Inc.
United States · score 0.0
0% 0.0 bn 0.0 bn -234.5% 0.0 bn -832.3% — Zola coconut water, after selling the GoodWheat wheat brand · Texas — revenue of $5m
18 IBG Innovation Beverage Group Ltd
Australia · score 0.3
— — 0.0 bn -223.4% 0.0 bn — — Alcoholic and non-alcoholic beverages, from Australia · Australia — revenue of $3m

Other industries in the same sector

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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