Coca-Cola (KO -0.88%) is the world's largest beverage brand, but the company is much more than just its namesake drink. It owns many brands, including Minute Maid juice, sports drinks such as Powerade, and it has a stake in Monster Beverage.
In recent years, the company has stepped up its efforts to diversify, acquiring Costa Coffee for $5 billion in 2019. Following the COVID-19 pandemic-induced volatility, Coca-Cola has stabilized and continues to deliver steady growth, passing along price increases and benefiting from an unmatched distribution network and marketing power.
For 2025, it reported organic non-GAAP (adjusted) revenue growth of 5%, driven by a 4% increase in price/mix. It also posted currency-neutral earnings-per-share (EPS) growth of 4%, and gained market share in non-alcoholic ready-to-drink beverages for the year. The company has continued to deliver strong results in 2026.
In December 2025, the company announced a new CEO, tapping Chief Operating Officer Henrique Braun to replace James Quincey, who had a successful run after taking the reins in 2017, adding a number of billion-dollar brands to the portfolio, including Topo Chico and Fairlife. Braun looks like a good pick to continue the company's success under Quincey.
2. PepsiCo