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National Beverage vs Monster Beverage: revenue, profit, margins and growth compared

National Beverage brought in $1.2B of revenue in fiscal 2026, Monster Beverage $8.3B in fiscal 2025. Revenue changed by -1.7% at National Beverage and +10.7% at Monster Beverage on the year before, so Monster Beverage grew faster. National Beverage kept 15.6% of its revenue as net profit, Monster Beverage 23.0%. Free cash flow was $156.1M at National Beverage and $2B at Monster Beverage.

Side by side, latest fiscal year

FIZZMNST
Fiscal year endedFY2026 (May 2, 2026)FY2025 (December 31, 2025)
Revenue$1.2B$8.3B
Revenue growth-1.7%+10.7%
Net income$183.6M$1.9B
Net margin15.6%23.0%
Free cash flow$156.1M$2B
Free cash flow margin13.2%23.7%
Earnings per share (diluted)$1.96n/a
Cash$349.5M$2.1B
Debtn/an/a
Price to earnings15.1n/a
Market value$2.8B$126.7B
Dividend yieldn/an/a
Rank by revenue in sector#60 of 93 · Consumer staples#27 of 93 · Consumer staples

Over the years

Revenue
FIZZ FY2019: $1BFIZZ FY2020: $1BFIZZ FY2021: $1.1BFIZZ FY2022: $1.1BFIZZ FY2023: $1.2BFIZZ FY2024: $1.2BFIZZ FY2025: $1.2BFIZZ FY2026: $1.2BMNST FY2018: $3.8BMNST FY2019: $4.2BMNST FY2020: $4.6BMNST FY2021: $5.5BMNST FY2022: $6.3BMNST FY2023: $7.1BMNST FY2024: $7.5BMNST FY2025: $8.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FIZZ $1.2BMNST $8.3B
Net income
FIZZ FY2019: $140.9MFIZZ FY2020: $130MFIZZ FY2021: $174.1MFIZZ FY2022: $158.5MFIZZ FY2023: $142.2MFIZZ FY2024: $176.7MFIZZ FY2025: $186.8MFIZZ FY2026: $183.6MMNST FY2018: $993MMNST FY2019: $1.1BMNST FY2020: $1.4BMNST FY2021: $1.4BMNST FY2022: $1.2BMNST FY2023: $1.6BMNST FY2024: $1.5BMNST FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FIZZ $183.6MMNST $1.9B
Net margin
FIZZ FY2019: 13.9%FIZZ FY2020: 13.0%FIZZ FY2021: 16.2%FIZZ FY2022: 13.9%FIZZ FY2023: 12.1%FIZZ FY2024: 14.8%FIZZ FY2025: 15.6%FIZZ FY2026: 15.6%MNST FY2018: 26.1%MNST FY2019: 26.4%MNST FY2020: 30.7%MNST FY2021: 24.9%MNST FY2022: 18.9%MNST FY2023: 22.8%MNST FY2024: 20.1%MNST FY2025: 23.0%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FIZZ 15.6%MNST 23.0%
Revenue growth
FIZZ FY2020: -1.4%FIZZ FY2021: +7.2%FIZZ FY2022: +6.1%FIZZ FY2023: +3.1%FIZZ FY2024: +1.6%FIZZ FY2025: +0.8%FIZZ FY2026: -1.7%MNST FY2019: +10.3%MNST FY2020: +9.5%MNST FY2021: +20.5%MNST FY2022: +13.9%MNST FY2023: +13.1%MNST FY2024: +4.9%MNST FY2025: +10.7%FY19FY20FY21FY22FY23FY24FY25FY26
FIZZ -1.7%MNST +10.7%
Free cash flow
FIZZ FY2019: $101.1MFIZZ FY2020: $153.8MFIZZ FY2021: $168.5MFIZZ FY2022: $104.1MFIZZ FY2023: $139.7MFIZZ FY2024: $167.6MFIZZ FY2025: $170.4MFIZZ FY2026: $156.1MMNST FY2018: $1.1BMNST FY2019: $1BMNST FY2020: $1.3BMNST FY2021: $1.1BMNST FY2022: $699MMNST FY2023: $1.5BMNST FY2024: $1.7BMNST FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FIZZ $156.1MMNST $2B

Fiscal years as each company reports them; the two may end in different months.

Questions about National Beverage and Monster Beverage

Which is bigger by revenue, National Beverage or Monster Beverage?

Monster Beverage is bigger by revenue: $8.3B in fiscal 2025, against $1.2B for National Beverage in fiscal 2026.

Which keeps more of its revenue as profit, National Beverage or Monster Beverage?

National Beverage had a net margin of 15.6% in fiscal 2026; Monster Beverage had 23.0% in fiscal 2025.

Which grew revenue faster, National Beverage or Monster Beverage?

In their latest fiscal years revenue changed by -1.7% at National Beverage and +10.7% at Monster Beverage.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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