Beverages - Non-alcoholic

12 companies · $182B combined revenue · $32.9B operating profit

Open in ScreenerAsk AI about beverages - non-alcoholic

The typical US-listed beverages - non-alcoholic company grew revenue 4.2% and earnings 15.3% in its latest year, at a 13.5% operating margin, and 8 of 12 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.

4.2%Median revenue growth
15.3%Median earnings growth
6.1%Median revenue growth, 3 yrs
9.9%Median earnings growth, 3 yrs
13.5%Median operating margin
16.6%Median ROCE
Fastest revenue growthPrimo Brands PRMB29.3%Fastest earnings growthKeurig Dr Pepper KDP44.3%Highest ROCENational Beverage FIZZ32.1%Biggest margin gainCoca Cola KO+7.5 pts

Growth engines: the 4 Cylinders

All four working: 0% of companies

A company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.

  • Sales growth · Revenue up 10% or more25%
  • Operating leverage · Operating income growing faster than a growing revenue33%
  • Margin expansion · Operating margin up 1 point or more42%
  • Debt reduction · Debt down 5% or more, or net cash44%

Combined revenue · 8 companies reporting in US dollars

Revenue
$0$50B$100B$150B$200BFY21FY22FY23FY24FY25

Combined operating margin

Operating margin
0%5%10%15%20%FY21FY22FY23FY24FY25

All 12 companies

Median–4.2%15.3%13.5%16.6%0.95x
KOCoca Cola$47.9B1.9%▼23.3%▲28.7%▲16.5%▼1.36x▼
PEPPepsico$93.9B2.3%▼-14%▼12.2%▼15.4%▼2.41x▼
MNSTMonster Beverage$8.3B10.7%▲26.3%▲29.2%▲28.3%▲–
ABEVAMBEVBRL 88.2B-1.4%▼7.7%▼26.4%▲23.4%▲0.04x▲
CCEPCoca-Cola Europacific PartnersEUR 20.9B2.3%▼37%▲13.4%▼12.5%▼1.36x▼
KDPKeurig Dr Pepper$16.6B8.2%▲44.3%▲21.5%▲7.6%▼0.55x▲
FMXMexican Economic DevelopmentMXN 841B7.6%▲-17.9%▼8.8%▼12.7%▼0.54x▲
COKECoca-Cola Consolidated$7.2B4.8%▲-9.9%▼13.2%▼29.9%▲–
PRMBPrimo Brands$6.7B29.3%▲–6.5%▼4.6%▼1.72x▼
AKO-AAndina BottlingCLP 3.34T3.7%▼15.3%13.4%▼16.7%▲–
COCOVita Coco$610M18.2%▲27.5%▲13.5%▲23.9%▲0.00x▲
FIZZNational Beverage$1.2B-1.7%▼-1.7%▼19.5%▲32.1%▲–

▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).