FIZZ vs. KO

Last updated Apr 2, 2026

Compare and contrast key facts about National Beverage Corp. (FIZZ) and The Coca-Cola Company (KO).

Performance

FIZZ vs. KO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in National Beverage Corp. (FIZZ) and The Coca-Cola Company (KO). The values are adjusted to include any dividend payments, if applicable.

FIZZ vs. KO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIZZ National Beverage Corp.	6.11%	-25.26%	-8.04%	6.86%	2.65%	13.39%	77.14%	-28.91%	-23.92%	93.79%
KO The Coca-Cola Company	9.57%	15.60%	8.88%	-4.43%	10.61%	11.37%	2.47%	20.60%	6.77%	14.38%

Fundamentals

Market Cap FIZZ : $3.17B KO : $328.13B
EPS FIZZ : $2.01 KO : $3.04
PE Ratio FIZZ : 16.85 KO : 25.04
PEG Ratio FIZZ : 6.43 KO : 3.02
PS Ratio FIZZ : 2.65 KO : 6.85
PB Ratio FIZZ : 5.36 KO : 10.20
Total Revenue (TTM) FIZZ : $1.20B KO : $47.94B
Gross Profit (TTM) FIZZ : $447.46M KO : $29.54B
EBITDA (TTM) FIZZ : $253.94M KO : $18.18B

Returns By Period

In the year-to-date period, FIZZ achieves a 6.11% return, which is significantly lower than KO's 9.57% return. Over the past 10 years, FIZZ has underperformed KO with an annualized return of 7.32%, while KO has yielded a comparatively higher 8.31% annualized return.

FIZZ

• 1D: 0.56%
• 1M: -8.29%
• YTD: 6.11%
• 6M: -10.00%
• 1Y: -20.04%
• 3Y*: -11.73%
• 5Y*: -4.33%
• 10Y*: 7.32%

KO

• 1D: 0.04%
• 1M: -4.51%
• YTD: 9.57%
• 6M: 15.52%
• 1Y: 8.93%
• 3Y*: 10.28%
• 5Y*: 10.95%
• 10Y*: 8.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FIZZ vs. KO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIZZ

FIZZ Risk / Return Rank: 16
FIZZ Sharpe Ratio Rank: 9
FIZZ Sortino Ratio Rank: 11
FIZZ Omega Ratio Rank: 12
FIZZ Calmar Ratio Rank: 23
FIZZ Martin Ratio Rank: 25

KO

KO Risk / Return Rank: 56
KO Sharpe Ratio Rank: 59
KO Sortino Ratio Rank: 52
KO Omega Ratio Rank: 49
KO Calmar Ratio Rank: 62
KO Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIZZ vs. KO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for National Beverage Corp. (FIZZ) and The Coca-Cola Company (KO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FIZZ	KO	Difference
Sharpe ratio Return per unit of total volatility	-0.78	0.54	-1.32
Sortino ratio Return per unit of downside risk	-1.02	0.91	-1.93
Omega ratio Gain probability vs. loss probability	0.88	1.10	-0.22
Calmar ratio Return relative to maximum drawdown	-0.55	0.95	-1.50
Martin ratio Return relative to average drawdown	-0.90	1.92	-2.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIZZ vs. KO - Sharpe Ratio Comparison

The current FIZZ Sharpe Ratio is -0.78, which is lower than the KO Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of FIZZ and KO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIZZ	KO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.78	0.54	-1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	0.70	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.46	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.53	-0.24

Correlation

The correlation between FIZZ and KO is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FIZZ vs. KO - Dividend Comparison

FIZZ has not paid dividends to shareholders, while KO's dividend yield for the trailing twelve months is around 2.71%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIZZ National Beverage Corp.	0.00%	0.00%	7.62%	0.00%	0.00%	6.62%	7.07%	0.00%	4.04%	1.54%	2.94%	0.00%
KO The Coca-Cola Company	2.71%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%

Drawdowns

FIZZ vs. KO - Drawdown Comparison

The maximum FIZZ drawdown since its inception was -69.59%, roughly equal to the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for FIZZ and KO.

Drawdown Indicators

	FIZZ	KO	Difference
Max Drawdown Largest peak-to-trough decline	-69.59%	-68.23%	-1.36%
Max Drawdown (1Y) Largest decline over 1 year	-33.61%	-9.82%	-23.79%
Max Drawdown (5Y) Largest decline over 5 years	-43.05%	-17.27%	-25.78%
Max Drawdown (10Y) Largest decline over 10 years	-69.59%	-36.99%	-32.60%
Current Drawdown Current decline from peak	-57.58%	-6.08%	-51.50%
Average Drawdown Average peak-to-trough decline	-28.40%	-16.13%	-12.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.62%	4.84%	+15.78%

Volatility

FIZZ vs. KO - Volatility Comparison

National Beverage Corp. (FIZZ) has a higher volatility of 7.43% compared to The Coca-Cola Company (KO) at 4.04%. This indicates that FIZZ's price experiences larger fluctuations and is considered to be riskier than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIZZ	KO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	4.04%	+3.39%
Volatility (6M) Calculated over the trailing 6-month period	17.73%	11.82%	+5.91%
Volatility (1Y) Calculated over the trailing 1-year period	25.83%	16.62%	+9.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.72%	15.76%	+14.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.73%	18.14%	+21.59%

Financials

FIZZ vs. KO - Profitability Comparison

The chart below illustrates the profitability comparison between National Beverage Corp. and The Coca-Cola Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FIZZ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, National Beverage Corp. reported a gross profit of 99.60M and revenue of 264.59M. Therefore, the gross margin over that period was 37.7%.

KO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Coca-Cola Company reported a gross profit of 7.10B and revenue of 11.82B. Therefore, the gross margin over that period was 60.1%.

FIZZ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, National Beverage Corp. reported an operating income of 51.15M and revenue of 264.59M, resulting in an operating margin of 19.3%.

KO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Coca-Cola Company reported an operating income of 3.11B and revenue of 11.82B, resulting in an operating margin of 26.3%.

FIZZ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, National Beverage Corp. reported a net income of 41.21M and revenue of 264.59M, resulting in a net margin of 15.6%.

KO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Coca-Cola Company reported a net income of 2.27B and revenue of 11.82B, resulting in a net margin of 19.2%.