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U.S. Beverage Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies66
  • 7D1.4%
  • 3M-1.2%
  • 1Y0.1%
  • YTD5.1%

The Beverage industry is up 1.4% in the last week, with Coca-Cola up 2.5%. Meanwhile, Celsius Holdings actually underperformed within the industry, shrinking 8.9% in the last week. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the U.S. Beverage Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Nov 2025US$720.6bUS$225.2bUS$25.8b23x27.9x3.2x
Mon, 20 Oct 2025US$722.7bUS$222.2bUS$28.1b24.5x25.7x3.3x
Wed, 17 Sep 2025US$683.1bUS$222.7bUS$26.4b23.8x25.8x3.1x
Fri, 15 Aug 2025US$733.9bUS$222.3bUS$26.5b26.9x27.7x3.3x
Sun, 13 Jul 2025US$704.0bUS$220.7bUS$26.8b28.9x26.3x3.2x
Tue, 10 Jun 2025US$708.2bUS$220.5bUS$27.1b29.2x26.1x3.2x
Thu, 08 May 2025US$715.8bUS$220.0bUS$27.3b29.8x26.2x3.3x
Sat, 05 Apr 2025US$753.7bUS$219.7bUS$28.0b28.3x26.9x3.4x
Mon, 03 Mar 2025US$734.6bUS$219.6bUS$28.0b28.8x26.2x3.3x
Wed, 29 Jan 2025US$681.1bUS$212.9bUS$28.3b22.3x24.1x3.2x
Fri, 27 Dec 2024US$694.2bUS$213.1bUS$28.2b22.6x24.6x3.3x
Sun, 24 Nov 2024US$717.7bUS$213.4bUS$28.2b25.4x25.4x3.4x
Tue, 22 Oct 2024US$775.5bUS$213.7bUS$28.7b26.9x27x3.6x
Thu, 19 Sep 2024US$783.6bUS$214.2bUS$30.8b23.4x25.4x3.7x
Sat, 17 Aug 2024US$756.2bUS$214.8bUS$30.9b23.2x24.5x3.5x
Mon, 15 Jul 2024US$734.2bUS$214.4bUS$30.9b22.4x23.8x3.4x
Wed, 12 Jun 2024US$734.7bUS$213.4bUS$29.7b25x24.7x3.4x
Fri, 10 May 2024US$759.5bUS$214.9bUS$29.8b25.8x25.5x3.5x
Sun, 07 Apr 2024US$737.4bUS$213.3bUS$29.1b25.3x25.3x3.5x
Tue, 05 Mar 2024US$737.8bUS$212.9bUS$28.8b27.1x25.6x3.5x
Thu, 01 Feb 2024US$737.7bUS$211.3bUS$27.1b28.5x27.2x3.5x
Sat, 30 Dec 2023US$739.2bUS$211.5bUS$27.1b28.9x27.3x3.5x
Mon, 27 Nov 2023US$730.8bUS$211.4bUS$27.1b29x27x3.5x
Wed, 25 Oct 2023US$677.3bUS$208.3bUS$25.8b26.5x26.3x3.3x
Fri, 22 Sep 2023US$737.0bUS$207.3bUS$23.6b29.8x31.2x3.6x
Sun, 20 Aug 2023US$765.5bUS$207.5bUS$23.6b33.3x32.4x3.7x
Tue, 18 Jul 2023US$772.6bUS$205.8bUS$22.2b32.7x34.9x3.8x
Thu, 15 Jun 2023US$765.1bUS$203.2bUS$21.1b33.8x36.3x3.8x
Sat, 13 May 2023US$791.3bUS$202.8bUS$21.0b34.8x37.7x3.9x
Mon, 10 Apr 2023US$757.1bUS$199.1bUS$23.1b34.3x32.8x3.8x
Wed, 08 Mar 2023US$725.8bUS$199.1bUS$23.4b31.5x31x3.6x
Fri, 03 Feb 2023US$730.8bUS$194.1bUS$25.4b30.6x28.7x3.8x
Sun, 01 Jan 2023US$762.3bUS$193.5bUS$25.4b31.7x30x3.9x
Tue, 29 Nov 2022US$771.2bUS$193.5bUS$25.4b30.9x30.3x4x
Price to Earnings Ratio

30.3x


Total Market Cap: US$771.2bTotal Earnings: US$25.4bTotal Revenue: US$193.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Beverage Industry Price to Earnings3Y Average 27.8x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Beverage industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 27.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Beverage industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 5.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Staples industry?

US Market-2.08%
Consumer Staples1.04%
Beverage1.38%
Distillers and Wine Makers2.72%
Soft Drinks1.34%
Brewers-0.80%
Industry PE
  • Investors are most optimistic about the Soft Drinks industry, which is trading close to its 3-year average PE ratio of 26.7x.
    • Analysts are expecting annual earnings growth of 10.7%, which is higher than its past year's earnings growth of 7.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Brewers industry, expecting annual earnings growth of 63% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Distillers and Wine Makers industry is expected to see its earnings grow by 9.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
KO Coca-ColaUS$72.952.5%
+US$7.7b		14.1%PE24.1x
KDP Keurig Dr PepperUS$27.742.2%
+US$828.7m		-15.1%PE23.8x
STZ Constellation BrandsUS$133.663.5%
+US$783.2m		-44.2%PE19x
MNST Monster BeverageUS$72.041.0%
+US$713.2m		33.3%PE40.8x
PEP PepsiCoUS$146.330.3%
+US$656.3m		-9.7%PE27.7x

Latest News

IPST
US$8.56
Heritage Distilling Holding Company
7D
-40.0%
1Y
-87.4%
PEP
US$146.33
PepsiCo
7D
0.3%
1Y
-9.7%

PepsiCo: Signs of Action, But Still Waiting on Results

Since September, the picture hasn’t changed much at the top line, but a few developments are worth noting. Investor sentiment improved in October as PepsiCo signalled a more proactive stance, including the possibility of small “tuck-in” acquisitions to support growth in newer categories.
MGPI
US$22.82
MGP Ingredients
7D
-8.8%
1Y
-49.8%
TAP
US$46.11
Molson Coors Beverage
7D
-0.7%
1Y
-23.6%

TAP: Future Upside Will Depend On U.S. Consumer Strength And Market Share Recovery

The analyst price target for Molson Coors Beverage was reduced slightly, by about $0.33 to approximately $50.90. Analysts cite ongoing category weakness, share losses, and a lack of clear near-term catalysts, despite some positive valuation considerations.
BF.B
US$28.45
Brown-Forman
7D
2.1%
1Y
-31.2%
KO
US$72.95
Coca-Cola
7D
2.5%
1Y
14.1%
MNST
US$72.04
Monster Beverage
7D
1.0%
1Y
33.3%
COCO
US$48.32
Vita Coco Company
7D
10.2%
1Y
33.8%

COCO: Upcoming Tariff Relief Will Drive Margins Significantly Higher in 2026

Analysts have raised their price target for Vita Coco Company from approximately $49.63 to $51.78 per share. They cite anticipated long-term benefits from recent tariff relief measures for coconut water products and improved profit margin forecasts.
SBEV
US$0.77
Splash Beverage Group
7D
-28.6%
1Y
-91.0%
CELH
US$38.99
Celsius Holdings
7D
-8.9%
1Y
33.0%

CELH: Expanded Distribution Partnership With Major Beverage Leader Will Drive Upside Momentum

Celsius Holdings' average analyst price target has been reduced by approximately $4 to $64. Analysts are factoring in a more moderate outlook for revenue growth, despite expectations for continued brand strength and margin improvements.
AMZE
US$0.25
Amaze Holdings
7D
-39.2%
1Y
-98.7%
STZ
US$133.66
Constellation Brands
7D
3.5%
1Y
-44.2%

STZ: Demand Stabilization And Distribution Expansion Will Drive Positive Momentum Ahead

Constellation Brands' analyst price target was revised lower by $0.52 to $172.09. Analysts point to reduced profit outlooks and persistent softness in beer demand as key drivers behind the adjustment.
KDP
US$27.74
Keurig Dr Pepper
7D
2.2%
1Y
-15.1%

KDP: Execution of $18 Billion Merger Will Drive Shareholder Value Over Time

Keurig Dr Pepper's analyst price target has significantly decreased in recent updates. Targets now range from $24 to $38, as analysts cite concerns about merger-related uncertainty, deal risks, and near-term complexities impacting future growth prospects.
PRMB
US$15.05
Primo Brands
7D
-8.3%
1Y
-48.0%
COKE
US$161.51
Coca-Cola Consolidated
7D
1.2%
1Y
28.2%
SAM
US$195.84
Boston Beer Company
7D
-1.2%
1Y
-37.4%