With more than 500 beverage brands, Coca-Cola (No. 57) has successfully quieted talk of a cola war with PepsiCo (No. 43), whose revenue growth now stems from markets beyond carbonated drinks. Sure, obesity awareness is on the rise, causing sales in developed markets like the U.S. to slow (to 2%), but Coke and Diet Coke remain Americans' favorite soft drinks. Four years ago chairman and CEO Muhtar Kent revealed 2020 Vision -- his plan to double the company's sales in a decade -- and it looks as if Coke is on track: 2012 revenues hit a record $48 billion, fueled by the Coca-Cola brand's growth in emerging markets like India and Thailand.
Wal-Mart retook the top spot, Berkshire Hathaway made the top five, and Apple grew enormously.