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COKE vs FIZZ

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
COKE
Coca-Cola Consolidated, Inc.

Beverages - Non-Alcoholic

Consumer DefensiveNASDAQ • US
Market Cap$17.62B
5Y Perf.+764.9%
FIZZ
National Beverage Corp.

Beverages - Non-Alcoholic

Consumer DefensiveNASDAQ • US
Market Cap$3.27B
5Y Perf.+22.7%

COKE vs FIZZ — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
COKE logoCOKE
FIZZ logoFIZZ
IndustryBeverages - Non-AlcoholicBeverages - Non-Alcoholic
Market Cap$17.62B$3.27B
Revenue (TTM)$7.49B$1.20B
Net Income (TTM)$579M$187M
Gross Margin39.3%37.2%
Operating Margin13.4%19.7%
Forward P/E30.9x17.5x
Total Debt$3.00B$72M
Cash & Equiv.$282M$194M

COKE vs FIZZLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

COKE
FIZZ
StockMay 20May 26Return
Coca-Cola Consolida… (COKE)100864.9+764.9%
National Beverage C… (FIZZ)100122.7+22.7%

Price return only. Dividends and distributions are not included.

Quick Verdict: COKE vs FIZZ

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: FIZZ leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Coca-Cola Consolidated, Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
COKE
Coca-Cola Consolidated, Inc.
The Growth Play

COKE is the clearest fit if your priority is growth exposure and long-term compounding.

  • Rev growth 4.8%, EPS growth -2.6%, 3Y rev CAGR 5.2%
  • 12.0% 10Y total return vs FIZZ's 91.0%
  • Lower volatility, beta 0.18, current ratio 1.26x
Best for: growth exposure and long-term compounding
FIZZ
National Beverage Corp.
The Income Pick

FIZZ carries the broadest edge in this set and is the clearest fit for income & stability and defensive.

  • Dividend streak 4 yrs, beta 0.29, yield 9.3%
  • Beta 0.29, yield 9.3%, current ratio 2.90x
  • Lower P/E (17.5x vs 30.9x)
Best for: income & stability and defensive
See the full category breakdown
CategoryWinnerWhy
GrowthCOKE logoCOKE4.8% revenue growth vs FIZZ's 0.8%
ValueFIZZ logoFIZZLower P/E (17.5x vs 30.9x)
Quality / MarginsFIZZ logoFIZZ15.6% margin vs COKE's 7.7%
Stability / SafetyCOKE logoCOKEBeta 0.18 vs FIZZ's 0.29
DividendsFIZZ logoFIZZ9.3% yield, 4-year raise streak, vs COKE's 0.5%
Momentum (1Y)COKE logoCOKE+80.2% vs FIZZ's -20.2%
Efficiency (ROA)FIZZ logoFIZZ27.1% ROA vs COKE's 11.4%, ROIC 57.9% vs 34.2%

COKE vs FIZZ — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

COKECoca-Cola Consolidated, Inc.
FY 2025
Nonalcoholic Beverage Segment
95.7%$7.2B
Other Operating Segment
4.3%$326M
FIZZNational Beverage Corp.

Segment breakdown not available.

COKE vs FIZZ — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLFIZZLAGGINGCOKE

Income & Cash Flow (Last 12 Months)

Evenly matched — COKE and FIZZ each lead in 3 of 6 comparable metrics.

COKE is the larger business by revenue, generating $7.5B annually — 6.2x FIZZ's $1.2B. FIZZ is the more profitable business, keeping 15.6% of every revenue dollar as net income compared to COKE's 7.7%. On growth, COKE holds the edge at +16.9% YoY revenue growth, suggesting stronger near-term business momentum.

MetricCOKE logoCOKECoca-Cola Consoli…FIZZ logoFIZZNational Beverage…
RevenueTrailing 12 months$7.5B$1.2B
EBITDAEarnings before interest/tax$1.1B$258M
Net IncomeAfter-tax profit$579M$187M
Free Cash FlowCash after capex$662M$157M
Gross MarginGross profit ÷ Revenue+39.3%+37.2%
Operating MarginEBIT ÷ Revenue+13.4%+19.7%
Net MarginNet income ÷ Revenue+7.7%+15.6%
FCF MarginFCF ÷ Revenue+8.8%+13.1%
Rev. Growth (YoY)Latest quarter vs prior year+16.9%-1.0%
EPS Growth (YoY)Latest quarter vs prior year+40.3%0.0%
Evenly matched — COKE and FIZZ each lead in 3 of 6 comparable metrics.

Valuation Metrics

FIZZ leads this category, winning 3 of 5 comparable metrics.

At 17.6x trailing earnings, FIZZ trades at a 43% valuation discount to COKE's 30.9x P/E. Adjusting for growth (PEG ratio), COKE offers better value at 1.03x vs FIZZ's 2.36x — a lower PEG means you pay less per unit of expected earnings growth.

MetricCOKE logoCOKECoca-Cola Consoli…FIZZ logoFIZZNational Beverage…
Market CapShares × price$17.6B$3.3B
Enterprise ValueMkt cap + debt − cash$20.3B$3.2B
Trailing P/EPrice ÷ TTM EPS30.91x17.57x
Forward P/EPrice ÷ next-FY EPS est.17.46x
PEG RatioP/E ÷ EPS growth rate1.03x2.36x
EV / EBITDAEnterprise value multiple17.40x12.30x
Price / SalesMarket cap ÷ Revenue2.44x2.72x
Price / BookPrice ÷ Book value/share7.38x
Price / FCFMarket cap ÷ FCF28.21x19.21x
FIZZ leads this category, winning 3 of 5 comparable metrics.

Profitability & Efficiency

FIZZ leads this category, winning 5 of 6 comparable metrics.

COKE delivers a 122.9% return on equity — every $100 of shareholder capital generates $123 in annual profit, vs $39 for FIZZ.

MetricCOKE logoCOKECoca-Cola Consoli…FIZZ logoFIZZNational Beverage…
ROE (TTM)Return on equity+122.9%+39.3%
ROA (TTM)Return on assets+11.4%+27.1%
ROICReturn on invested capital+34.2%+57.9%
ROCEReturn on capital employed+25.4%+40.4%
Piotroski ScoreFundamental quality 0–955
Debt / EquityFinancial leverage0.16x
Net DebtTotal debt minus cash$2.7B-$122M
Cash & Equiv.Liquid assets$282M$194M
Total DebtShort + long-term debt$3.0B$72M
Interest CoverageEBIT ÷ Interest expense10.53x
FIZZ leads this category, winning 5 of 6 comparable metrics.

Total Returns (Dividends Reinvested)

COKE leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in COKE five years ago would be worth $74,616 today (with dividends reinvested), compared to $8,707 for FIZZ. Over the past 12 months, COKE leads with a +80.2% total return vs FIZZ's -20.2%. The 3-year compound annual growth rate (CAGR) favors COKE at 48.6% vs FIZZ's -9.6% — a key indicator of consistent wealth creation.

MetricCOKE logoCOKECoca-Cola Consoli…FIZZ logoFIZZNational Beverage…
YTD ReturnYear-to-date+40.8%+10.4%
1-Year ReturnPast 12 months+80.2%-20.2%
3-Year ReturnCumulative with dividends+228.4%-26.1%
5-Year ReturnCumulative with dividends+646.2%-12.9%
10-Year ReturnCumulative with dividends+1203.8%+91.0%
CAGR (3Y)Annualised 3-year return+48.6%-9.6%
COKE leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

COKE leads this category, winning 2 of 2 comparable metrics.

COKE is the less volatile stock with a 0.18 beta — it tends to amplify market swings less than FIZZ's 0.29 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. COKE currently trades 95.8% from its 52-week high vs FIZZ's 73.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricCOKE logoCOKECoca-Cola Consoli…FIZZ logoFIZZNational Beverage…
Beta (5Y)Sensitivity to S&P 5000.18x0.29x
52-Week HighHighest price in past year$219.65$47.89
52-Week LowLowest price in past year$105.21$31.21
% of 52W HighCurrent price vs 52-week peak+95.8%+73.0%
RSI (14)Momentum oscillator 0–10067.156.4
Avg Volume (50D)Average daily shares traded467K218K
COKE leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

FIZZ leads this category, winning 2 of 2 comparable metrics.

Wall Street rates COKE as "Hold" and FIZZ as "Sell". For income investors, FIZZ offers the higher dividend yield at 9.29% vs COKE's 0.49%.

MetricCOKE logoCOKECoca-Cola Consoli…FIZZ logoFIZZNational Beverage…
Analyst RatingConsensus buy/hold/sellHoldSell
Price TargetConsensus 12-month target$34.00
# AnalystsCovering analysts18
Dividend YieldAnnual dividend ÷ price+0.5%+9.3%
Dividend StreakConsecutive years of raises04
Dividend / ShareAnnual DPS$1.03$3.25
Buyback YieldShare repurchases ÷ mkt cap+14.8%0.0%
FIZZ leads this category, winning 2 of 2 comparable metrics.
Key Takeaway

FIZZ leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). COKE leads in 2 (Total Returns, Risk & Volatility). 1 tied.

Best OverallNational Beverage Corp. (FIZZ)Leads 3 of 6 categories
Loading custom metrics...

COKE vs FIZZ: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is COKE or FIZZ a better buy right now?

For growth investors, Coca-Cola Consolidated, Inc.

(COKE) is the stronger pick with 4. 8% revenue growth year-over-year, versus 0. 8% for National Beverage Corp. (FIZZ). National Beverage Corp. (FIZZ) offers the better valuation at 17. 6x trailing P/E (17. 5x forward), making it the more compelling value choice. Analysts rate Coca-Cola Consolidated, Inc. (COKE) a "Hold" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — COKE or FIZZ?

On trailing P/E, National Beverage Corp.

(FIZZ) is the cheapest at 17. 6x versus Coca-Cola Consolidated, Inc. at 30. 9x.

03

Which is the better long-term investment — COKE or FIZZ?

Over the past 5 years, Coca-Cola Consolidated, Inc.

(COKE) delivered a total return of +646. 2%, compared to -12. 9% for National Beverage Corp. (FIZZ). Over 10 years, the gap is even starker: COKE returned +1204% versus FIZZ's +91. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — COKE or FIZZ?

By beta (market sensitivity over 5 years), Coca-Cola Consolidated, Inc.

(COKE) is the lower-risk stock at 0. 18β versus National Beverage Corp. 's 0. 29β — meaning FIZZ is approximately 64% more volatile than COKE relative to the S&P 500.

05

Which is growing faster — COKE or FIZZ?

By revenue growth (latest reported year), Coca-Cola Consolidated, Inc.

(COKE) is pulling ahead at 4. 8% versus 0. 8% for National Beverage Corp. (FIZZ). On earnings-per-share growth, the picture is similar: National Beverage Corp. grew EPS 5. 3% year-over-year, compared to -2. 6% for Coca-Cola Consolidated, Inc.. Over a 3-year CAGR, COKE leads at 5. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — COKE or FIZZ?

National Beverage Corp.

(FIZZ) is the more profitable company, earning 15. 6% net margin versus 7. 9% for Coca-Cola Consolidated, Inc. — meaning it keeps 15. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FIZZ leads at 19. 6% versus 13. 2% for COKE. At the gross margin level — before operating expenses — COKE leads at 39. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Which pays a better dividend — COKE or FIZZ?

All stocks in this comparison pay dividends.

National Beverage Corp. (FIZZ) offers the highest yield at 9. 3%, versus 0. 5% for Coca-Cola Consolidated, Inc. (COKE).

08

Is COKE or FIZZ better for a retirement portfolio?

For long-horizon retirement investors, Coca-Cola Consolidated, Inc.

(COKE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 18), +1204% 10Y return). Both have compounded well over 10 years (COKE: +1204%, FIZZ: +91. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between COKE and FIZZ?

Both stocks operate in the Consumer Defensive sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: COKE is a mid-cap quality compounder stock; FIZZ is a small-cap deep-value stock. FIZZ pays a dividend while COKE does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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COKE

High-Growth Disruptor

  • Sector: Consumer Defensive
  • Market Cap > $100B
  • Revenue Growth > 8%
  • Net Margin > 5%
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FIZZ

Income & Dividend Stock

  • Sector: Consumer Defensive
  • Market Cap > $100B
  • Net Margin > 9%
  • Dividend Yield > 3.7%
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Beat Both

Find stocks that outperform COKE and FIZZ on the metrics below

Revenue Growth>
%
(COKE: 16.9% · FIZZ: -1.0%)
Net Margin>
%
(COKE: 7.7% · FIZZ: 15.6%)
P/E Ratio<
x
(COKE: 30.9x · FIZZ: 17.6x)

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