National Beverage's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of National Beverage (FIZZ) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: National Beverage vs Its Competitors
- TTM: Trailing 12-month revenue of 1,181M vs 189,508M combined for its competitors (0.6% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+0.7% annualized vs trailing 12 months), vs decelerating (-13.7%) for its tracked peer group.
- Growth: National Beverage generated -5.3% revenue growth year over year in Q4 2026, vs 12.2% for its competitors combined.
- Profitability: Its 13.6% net margin compares with 17.9% for the peer group.
- Scale: National Beverage ranks #15 of 37 companies by market capitalization in the Nonalcoholic Beverages industry, holding 0.3% of industry market cap.
- Peer revenue share: National Beverage accounted for 0.7% of combined revenue among its tracked peer group, down from 0.9% a year earlier.
- Peer differentiation: Revenue per employee of $0.70M compares with $0.44M for the peer group (1.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
FIZZ Sales vs. its Competitors, Q4 2026
National Beverage reported revenue contraction of 5.26 % year on year in Q4 2026, below its competitors' combined revenue growth of 12.17 %.
With a net margin of 13.57 %, National Beverage reported lower profitability than its competitors (17.91 %).
National Beverage generated 0.72 % of the combined sales of its peer group, down from 0.85 % a year earlier.
National Beverage vs. its Competitors, Q4 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in National Beverage reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across National Beverage and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| National Beverage Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across National Beverage's competitor groups requires a Commercial License.
For context: the Nonalcoholic Beverages industry grew revenue 8.1% year over year, combined, vs -5.3% for National Beverage. National Beverage's share of combined industry revenue moved from 0.17% to 0.15%, a loss of 0.02 percentage points.
National Beverage's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| National Beverage Corp | Yes | No | No | No |
| Competitors combined (13) | ||||
| High-Confidence Competitors (4) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 62.50 % (5 of 8) | 50.00 % (4 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
FIZZ Stock Performance relative to its Competitors
FIZZ Stock Performance relative to High-Confidence Competitors
FIZZ Stock Performance relative to Similar-Size Competitors
FIZZ Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Coca cola Consolidated Inc | 282.9% | Outperformed |
| 2 | Keurig Dr Pepper Inc | 282.9% | Outperformed |
| 3 | Coca Cola Co | 282.9% | Outperformed |
| 4 | Pepsico Inc | 282.9% | Outperformed |
| 5 | Equator Beverage Company | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for National Beverage's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
National Beverage's Comment on Competition and Industry Peers
Publicly Traded Peers of National Beverage Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 National Beverage Corp |
3,480.85 | 1,180.55 |
 Coca Cola Co |
412,979.22 | 51,054.00 |
 Pepsico Inc |
195,084.57 | 98,241.00 |
 Monster Beverage Corp |
94,557.90 | 9,218.64 |
 Keurig Dr Pepper Inc |
50,336.41 | 20,090.00 |
 Celsius Holdings Inc |
7,718.27 | 3,047.10 |
| SUBTOTAL | 764,299.48 | 190,688.81 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on National Beverage Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
National Beverage's Competitors Named by the Company
Competitive relationships identified from National Beverage reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| PepsiCo | Company report | 85% |
| The Coca-Cola Company | Company report | 85% |
| Nestlé S.A. | Company report | 85% |
| Keurig Dr. Pepper | Company report | 85% |
| Zevia Pbc | Company report | 85% |
| Cimg Inc | Company report | 85% |
| Reed s Inc | Company report | 85% |
| Lftd Partners Inc | Company report | 85% |
| Coca Cola Co | Company report | 85% |
| Monster Beverage Corp | Company report | 85% |
| The Alkaline Water Company Inc | Company report | 85% |
| Jones Soda Co | Company report | 85% |
| Celsius Holdings Inc | Company report | 85% |
| Newage Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for National Beverage's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
National Beverage's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Coca Cola Co | North America 40.24 % |
| Pepsico Inc | PepsiCo Beverages North America 30.49 % |
| Monster Beverage Corp | Monster Energy Drinks segment 92.85 % |
| Keurig Dr Pepper Inc | U.S. Refreshment Beverages 40.02 % |
| Celsius Holdings Inc | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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National Beverage's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| National Beverage Corp | 3,481 | 703,967 | 109,510 |
| Coca Cola Co | 412,979 | 774,719 | 223,308 |
| Pepsico Inc | 195,085 | 321,049 | 35,768 |
| Monster Beverage Corp | 94,558 | 1,337,780 | 308,761 |
| Keurig Dr Pepper Inc | 50,336 | 656,536 | 48,856 |
| Celsius Holdings Inc | 7,718 | 6,469,429 | 249,144 |
| PEERS TOTAL | 760,819 | 443,693 | 69,877 |
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National Beverage's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Coca Cola Co | Non-US 60.70 % |
| Monster Beverage Corp | U.s.And Canada 57.21 % |
| Celsius Holdings Inc | North America 95.16 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
National Beverage's Position in Industry Market Structure
Market-capitalization share and concentration across all 33 companies in National Beverage's industry classification, broader than the peer set above. Market cap in millions of $.National Beverage ranks #15 of 33 companies by market capitalization in its industry, holding 0.30 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,086, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Coca Cola Co | 412,884 | 35.92 % |
| 2 | Diageo Plc | 223,658 | 19.46 % |
| 3 | Pepsico Inc | 195,370 | 17.00 % |
| 4 | Monster Beverage Corp | 94,558 | 8.23 % |
| 5 | Coca cola Europacific Partners Plc | 1,234 | 5.2% |
| 6 | Keurig Dr Pepper Inc | 1,234 | 5.2% |
| 7 | Constellation Brands Inc | 1,234 | 5.2% |
| 8 | Coca Cola Femsa Sab De Cv | 1,234 | 5.2% |
| 10 | Coca cola Consolidated Inc | 1,234 | 5.2% |
| 11 | Ambev S a | 1,234 | 5.2% |
| 15 | National Beverage Corp | 3,481 | 0.30 % |
Market cap and industry share for the rest of National Beverage's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-05.
National Beverage's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 10 | Coca cola Consolidated Inc | 14,157 | 69.34 % |
| 11 | Ambev S a | 8,314 | 15.34 % |
| 12 | Primo Brands Corp | 8,100 | -2.01 % |
| 13 | Celsius Holdings Inc | 7,718 | -46.84 % |
| 14 | The Vita Coco Company Inc | 1,234 | 12.3% |
| 15 | National Beverage Corp | 3,481 | 13.55 % |
| 16 | Brc Inc | 1,234 | 12.3% |
| 17 | Westrock Coffee Company | 1,234 | 12.3% |
| 18 | Zevia Pbc | 1,234 | 12.3% |
| 19 | Buda Juice Inc | 1,234 | 12.3% |
| 20 | Crimson Wine Group Ltd | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of National Beverage's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-05. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
National Beverage's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Nonalcoholic Beverages industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (54 companies). See the full Nonalcoholic Beverages industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 37.04 % | 31.40 % (avg) | +5.6 pp |
| Operating Margin | 19.49 % | industry median | +11.8 pp |
| EBITDA Margin | 22.30 % | 7.87 % (avg) | +14.4 pp |
| Capital Intensity (Capex / Revenue) | - | 5.50 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
National Beverage's Valuation vs Competitive Position
Valuation multiples vs the Nonalcoholic Beverages industry average (54 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Nonalcoholic Beverages industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 17.7x | 42.3x | -24.6x |
| EV / EBITDA | 11.1x | 17.7x | -6.6x |
| P/B | 6.1x | 6.2x | -0.2x |
| Return on Equity | 34.41 % | industry aggregate | 6.42 % |
| Return on Invested Capital | 18.98 % | 5.18 % (avg) | 13.80 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
National Beverage's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 18.85 % | 7.95 % | -3.99 % | 9.78 % | 3.86 % | 0.91 % | 0.34 % | 1.01 % |
| Operating Margin | 21.05 % | 19.26 % | 15.66 % | 20.75 % | 19.19 % | 18.16 % | 19.48 % | 19.84 % |
| Return on Invested Capital | 37.98 % | 26.52 % | 18.88 % | 22.28 % | 26.78 % | 23.54 % | 23.00 % | 21.16 % |
| P/E | 33.8x | 26.1x | 18.5x | 50.9x | 29.1x | 26.4x | 23.5x | 17.1x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
National Beverage's Strategic Group Map
National Beverage is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
National Beverage's trailing-12-month revenue growth of -1.7% and operating margin of 19.5% compares with an average of 0.5% growth and 18.9% margin across its 8 closest peers by combined growth, margin and ROIC -- National Beverage sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
National Beverage's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
National Beverage falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 3.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Coca Cola Co alone holds 36% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
National Beverage's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,086 (see Industry Market Structure & Concentration above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on National Beverage's dedicated Suppliers and Customers pages, not here.
National Beverage's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
National Beverage falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
National Beverage's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 11.8 points above the industry median.
- Return on equity 6.4 points above the industry aggregate.
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.01x).
Opportunities
- Trades at a lower P/E than the industry average (17.7x vs 42.3x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of competitors (30.80 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Coca Cola Co, holding 35.92 % of industry market cap.
- Tracked peer group's revenue run-rate is broadly decelerating (-13.7% annualized).
Methodology: see Methodology: SWOT Analysis.
National Beverage's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| National Beverage Corp | 2.38 | 3.66 | - |
| Coca Cola Co | 0.28 | 1.37 | 1.74 |
| Pepsico Inc | 0.30 | 0.91 | 2.38 |
| Monster Beverage Corp | 1.31 | 3.46 | - |
| Keurig Dr Pepper Inc | 0.48 | 0.93 | 0.80 |
| Celsius Holdings Inc | 0.57 | 1.78 | 0.60 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
National Beverage's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| National Beverage Corp | Q1 2026 | -5.3 % | -9.9 % |
| Coca Cola Co | Q3 2026 | +7.4 % | +8.9 % |
| Pepsico Inc | Q3 2026 | +5.6 % | +16.4 % |
| Monster Beverage Corp | Q2 2026 | +20.2 % | +19.6 % |
| Keurig Dr Pepper Inc | Q2 2026 | +75.6 % | -61.6 % |
| Celsius Holdings Inc | Q2 2026 | +10.7 % | -45.4 % |
| PEERS TOTAL | +13.4 % | +5.5 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
National Beverage's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| National Beverage Corp | Q1 2026 | -3.1 % | - |
| Coca Cola Co | Q3 2026 | +2.8 % | -20.9 % |
| Pepsico Inc | Q3 2026 | +3.7 % | -7.7 % |
| Monster Beverage Corp | Q2 2026 | +19.6 % | +54.2 % |
| Keurig Dr Pepper Inc | Q2 2026 | +122.4 % | +69.4 % |
| Celsius Holdings Inc | Q2 2026 | +18.5 % | +106.9 % |
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National Beverage's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| National Beverage Corp | 24.39% | 27.05% | 34.41% |
| Coca Cola Co | 13.85% | 14.46% | 39.81% |
| Pepsico Inc | 9.90% | 13.66% | 50.41% |
| Monster Beverage Corp | 20.35% | 24.75% | 24.96% |
| Keurig Dr Pepper Inc | 2.21% | 2.34% | 5.47% |
| Celsius Holdings Inc | 2.27% | 3.90% | 9.71% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
National Beverage's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| National Beverage Corp | 18.96 | 2.95 |
| Coca Cola Co | 28.24 | 8.09 |
| Pepsico Inc | 17.93 | 1.99 |
| Monster Beverage Corp | 44.29 | 10.26 |
| Keurig Dr Pepper Inc | 37.31 | 2.51 |
| Celsius Holdings Inc | 115.54 | 2.53 |
| PEERS AVERAGE | 25.45 | 4.01 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.