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Monster Beverage vs National Beverage: MNST and FIZZ compared
Monster Beverage is the larger company: $2.6B of revenue in its latest quarter (Q3 2026) against $331M for National Beverage (Q1 FY27). Monster Beverage is growing faster (+17% against 0% a year earlier). Monster Beverage is more profitable, with an operating margin of 28.0% against 17.7%.
Where the money goes: MNST and FIZZ
Monster Beverage (MNST) · Q3 2026
Monster Beverage, Q3 2026: revenue $2.6B (+17% year over year), operating margin 28.0%, net earnings $568M, operating cash flow $557M. 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.
| Monster Beverage (MNST) | National Beverage (FIZZ) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $2.6B | $331M |
| Revenue growth, Y/Y | +17% | 0% |
| Gross margin | 54.7% | 35.0% |
| Operating margin | 28.0% | 17.7% |
| Net earnings | $568M | $47.0M |
| Net margin | 22.2% | 14.2% |
| Operating cash flow | $557M | $64.8M |
| Free cash flow | $525M | $61.8M |
| Market value | $91.3B | $3.3B |
| P/E | 42.1× | 18.9× |
| Analysts’ mean target | $50.04 | $31.00 |
Where the revenue comes from
Monster Beverage
- Monster Energy Drinks: $2.4B (93%)
- Strategic Brands: $156M (6%)
- Alcohol Brands: $28.5M (1%)
Questions
Which is bigger, Monster Beverage or National Beverage?
Monster Beverage is the larger company: $2.6B of revenue in its latest quarter (Q3 2026) against $331M for National Beverage (Q1 FY27).
Is Monster Beverage or National Beverage growing faster?
Monster Beverage is growing faster (+17% against 0% a year earlier).
Which is more profitable, Monster Beverage or National Beverage?
Monster Beverage is more profitable, with an operating margin of 28.0% against 17.7%.
More: Monster Beverage earnings · how Monster Beverage 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 6, 2026; 10-Q filed Sep 10, 2026). Fiscal quarters can end on different dates. Not investment advice.