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U.S. Beverage Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies62
  • 7D1.9%
  • 3M5.2%
  • 1Y1.1%
  • YTD6.0%

PepsiCo is up 3.1%, leading the way for the Beverage industry, which has gained 1.9%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 9.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026US$739.7bUS$221.4bUS$26.9b25x27.5x3.3x
Fri, 27 Feb 2026US$803.9bUS$221.5bUS$26.7b24.3x30.1x3.6x
Sun, 25 Jan 2026US$747.6bUS$225.8bUS$25.8b24.4x29x3.3x
Tue, 23 Dec 2025US$821.0bUS$225.4bUS$25.8b23.1x31.8x3.6x
Thu, 20 Nov 2025US$720.6bUS$225.2bUS$25.8b23x27.9x3.2x
Sat, 18 Oct 2025US$716.5bUS$222.2bUS$28.1b24.5x25.5x3.2x
Mon, 15 Sep 2025US$694.3bUS$222.6bUS$26.4b24.1x26.3x3.1x
Wed, 13 Aug 2025US$726.7bUS$222.5bUS$26.5b26.6x27.4x3.3x
Fri, 11 Jul 2025US$704.3bUS$220.7bUS$26.8b29.1x26.3x3.2x
Sun, 08 Jun 2025US$708.0bUS$220.5bUS$27.1b29x26.1x3.2x
Tue, 06 May 2025US$717.7bUS$220.0bUS$27.3b29.9x26.2x3.3x
Thu, 03 Apr 2025US$744.3bUS$219.7bUS$28.0b28.9x26.6x3.4x
Sat, 01 Mar 2025US$730.0bUS$219.6bUS$28.0b28.8x26.1x3.3x
Mon, 27 Jan 2025US$667.1bUS$213.1bUS$28.3b22.1x23.6x3.1x
Wed, 25 Dec 2024US$694.2bUS$213.2bUS$28.2b22.7x24.6x3.3x
Fri, 22 Nov 2024US$706.7bUS$213.4bUS$28.2b25.3x25x3.3x
Sun, 20 Oct 2024US$775.5bUS$213.8bUS$28.7b27.1x27x3.6x
Tue, 17 Sep 2024US$781.1bUS$214.3bUS$30.8b22.9x25.3x3.6x
Thu, 15 Aug 2024US$751.9bUS$214.6bUS$30.9b23x24.3x3.5x
Sat, 13 Jul 2024US$726.4bUS$214.4bUS$30.9b22.4x23.5x3.4x
Mon, 10 Jun 2024US$748.0bUS$213.5bUS$29.8b25.6x25.1x3.5x
Wed, 08 May 2024US$760.4bUS$214.8bUS$29.8b25.6x25.5x3.5x
Fri, 05 Apr 2024US$738.6bUS$213.2bUS$29.1b25.4x25.3x3.5x
Sun, 03 Mar 2024US$734.9bUS$212.8bUS$28.9b27.1x25.5x3.5x
Tue, 30 Jan 2024US$733.7bUS$211.3bUS$27.1b28.8x27x3.5x
Thu, 28 Dec 2023US$737.8bUS$211.5bUS$27.1b28.8x27.2x3.5x
Sat, 25 Nov 2023US$730.8bUS$211.4bUS$27.1b29x27x3.5x
Mon, 23 Oct 2023US$678.8bUS$208.2bUS$25.8b26.5x26.3x3.3x
Wed, 20 Sep 2023US$749.6bUS$207.5bUS$23.6b30.1x31.7x3.6x
Fri, 18 Aug 2023US$769.5bUS$207.5bUS$23.6b33.3x32.6x3.7x
Sun, 16 Jul 2023US$772.6bUS$205.8bUS$22.2b32.8x34.9x3.8x
Tue, 13 Jun 2023US$757.8bUS$203.1bUS$21.1b33.3x36x3.7x
Thu, 11 May 2023US$785.4bUS$202.8bUS$21.1b34.7x37.2x3.9x
Sat, 08 Apr 2023US$757.1bUS$199.1bUS$23.1b34.3x32.8x3.8x
Price to Earnings Ratio

32.8x


Total Market Cap: US$757.1bTotal Earnings: US$23.1bTotal Revenue: US$199.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Beverage Industry Price to Earnings3Y Average 27.7x202420252026
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 27.7x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Beverage industry have grown 5.3% per year over the last three years.
  • Revenues for these companies have grown 3.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market-0.61%
Consumer Staples1.40%
Beverage1.94%
Brewers5.01%
Distillers and Wine Makers3.21%
Soft Drinks1.83%
Industry PE
  • Investors are most optimistic about the Soft Drinks industry, which is trading close to its 3-year average PE ratio of 26.6x.
    • Analysts are expecting annual earnings growth of 8.4%, which is lower than the prior year's growth of 12.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Brewers industry, expecting annual earnings growth of 44% over the next 5 years.
  • However this is lower than its past earnings growth rate of 81% per year.
  • In contrast, the Soft Drinks industry is expected to see its earnings grow by 8.4% 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
PEP PepsiCoUS$155.293.1%
+US$6.5b		3.8%PE25.8x
KO Coca-ColaUS$76.051.8%
+US$5.9b		5.8%PE25x
BF.B Brown-FormanUS$26.4416.0%
+US$1.7b		-21.1%PE15x
KOF Coca-Cola FEMSA. deUS$97.553.5%
+US$695.4m		4.1%PE15.4x
COKE Coca-Cola ConsolidatedUS$191.743.4%
+US$418.7m		38.1%PE22.4x

Latest News

KO
US$76.05
Coca-Cola
7D
1.8%
1Y
5.8%
TAP
US$43.06
Molson Coors Beverage
7D
4.6%
1Y
-29.7%

TAP: 2026 Earnings Reset And Cost Pressures Will Limit Horizon 2030 Upside

Molson Coors Beverage’s analyst price targets have generally moved lower, with the model fair value estimate trimmed from $36.94 to $36.00 as analysts factor in softer 2026 earnings guidance, flattish sales expectations, cost headwinds, and mixed views on the Horizon 2030 plan. Analyst Commentary Recent research coverage on Molson Coors points to a more cautious tone, with multiple price target cuts clustered around the company’s Q4 results and its 2026 outlook.
PEP
US$155.29
PepsiCo
7D
3.1%
1Y
3.8%
MNST
US$72.46
Monster Beverage
7D
-0.7%
1Y
22.7%
COCO
US$47.91
Vita Coco Company
7D
-12.4%
1Y
59.5%

COCO: Index Additions And Strong Beverage Story Are Expected To Support Upside

Analysts have raised their average price target on Vita Coco, with recent moves up to $57, $58, and $70 per share. These changes reflect updated EPS estimates and views that the company offers one of the stronger growth stories in beverages.
KDP
US$26.33
Keurig Dr Pepper
7D
0.5%
1Y
-24.7%
STZ
US$150.00
Constellation Brands
7D
-1.8%
1Y
-18.8%
BF.B
US$26.44
Brown-Forman
7D
16.0%
1Y
-21.1%
AMZE
US$0.19
Amaze Holdings
7D
-21.3%
1Y
-98.4%
REED
US$3.63
Reed's
7D
-17.7%
1Y
-55.8%

REED: Stable Assumptions And New Leadership Will Support Bullish Repricing Outlook

Analysts have kept their $4.75 price target for Reed's unchanged, citing largely steady assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their view. What's in the News Reed's Inc.
KOF
US$97.55
Coca-Cola FEMSA. de
7D
3.5%
1Y
4.1%
SAM
US$230.40
Boston Beer Company
7D
6.4%
1Y
-5.4%

SAM: Margin Progress And Portfolio Expansion Will Support Future Upside

Analysts have nudged Boston Beer Company's consensus price target slightly lower to around the mid $220s, with recent moves such as cuts to $226 and $235, along with one increase to $230, reflecting ongoing concerns about alcohol industry topline pressure, portfolio headwinds, and continued reinvestment, even as gross margin progress holds up. Analyst Commentary Recent Street research on Boston Beer Company points to a mixed but constructive backdrop, with several price target tweaks converging around the mid US$220s.
COKE
US$191.74
Coca-Cola Consolidated
7D
3.4%
1Y
38.1%
CELH
US$35.48
Celsius Holdings
7D
-1.3%
1Y
-3.5%

CELH: Strong Q4 Execution And Shelf Gains Will Support Long-Term Upside

The analyst price target for Celsius Holdings in this update moves to $85 from $80, as analysts factor in a mix of more moderate revenue growth assumptions, higher expected profit margins, and a lower projected future P/E multiple following recent research that highlights strong Q4 results, positive 2026 outlooks, and ongoing category strength. Analyst Commentary Recent research on Celsius Holdings shows a clear cluster of bullish analysts raising price targets and upgrading ratings following the latest Q4 report and 2026 outlook commentary.
ZVIA
US$1.17
Zevia PBC
7D
-4.9%
1Y
-46.8%

ZVIA: Turnaround Outlook Will Depend On Delivering 2026 Sales Guidance

Analysts have trimmed their price targets on Zevia PBC, with figures such as $6 to $5, $2.90 to $1.75 and $3.50 to $3, citing mixed Q4 results, below-consensus 2026 guidance, and an ongoing turnaround effort that is starting to show in the company’s longer term sales outlook. Analyst Commentary Recent research highlights a split view on Zevia PBC, with some analysts focusing on early signs of progress in the turnaround and others stressing execution risk and guidance that sits below prior expectations.
FIZZ
US$33.65
National Beverage
7D
-0.2%
1Y
-20.5%