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Celsius Holdings vs National Beverage: CELH and FIZZ compared
Celsius Holdings is the larger company: $847M of revenue in its latest quarter (Q3 2026) against $331M for National Beverage (Q1 FY27). Celsius Holdings is growing faster (+17% against 0% a year earlier). Celsius Holdings is more profitable, with an operating margin of 20.3% against 17.7%.
Where the money goes: CELH and FIZZ
Celsius Holdings (CELH) · Q3 2026
Celsius Holdings, Q3 2026: revenue $847M (+17% year over year), operating margin 20.3%, net earnings $127M, operating cash flow $154M. The chart follows the revenue to costs, profit and cash.
National Beverage (FIZZ) · Q1 FY27
National Beverage, Q1 FY27: revenue $331M (0% year over year), operating margin 17.7%, net earnings $47.0M, operating cash flow $64.8M. The chart follows the revenue to costs, profit and cash.
| Celsius Holdings (CELH) | National Beverage (FIZZ) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $847M | $331M |
| Revenue growth, Y/Y | +17% | 0% |
| Gross margin | 46.8% | 35.0% |
| Operating margin | 20.3% | 17.7% |
| Net earnings | $127M | $47.0M |
| Net margin | 15.0% | 14.2% |
| Operating cash flow | $154M | $64.8M |
| Free cash flow | $128M | $61.8M |
| Market value | $8.2B | $3.3B |
| P/E | 25.9× | 18.9× |
| Analysts’ mean target | $41.48 | $31.00 |
Questions
Which is bigger, Celsius Holdings or National Beverage?
Celsius Holdings is the larger company: $847M of revenue in its latest quarter (Q3 2026) against $331M for National Beverage (Q1 FY27).
Is Celsius Holdings or National Beverage growing faster?
Celsius Holdings is growing faster (+17% against 0% a year earlier).
Which is more profitable, Celsius Holdings or National Beverage?
Celsius Holdings is more profitable, with an operating margin of 20.3% against 17.7%.
More: Celsius Holdings earnings · how Celsius Holdings makes money · National Beverage earnings · how National Beverage makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Sep 10, 2026). Fiscal quarters can end on different dates. Not investment advice.