Keurig Dr Pepper
KDP Nasdaq· Soft Drinks & Non-alcoholic Beverages
Last close · Oct 26, 2026
$34.99
KIRA · Stoqly’s AI analyst, in plain words
- Keurig Dr Pepper had $16.6B of revenue in fiscal 2025, up 8.2% on the year before. Over five years, revenue changed +7.4% a year on average.
- Its operating margin was 21.5%, up 4.7 pts: of every 100 in sales, about 22 is left after running the business.
- Keurig Dr Pepper made $2.1B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −11.4% a year.
- Free cash flow was $1.5B in fiscal 2025, 9.1% of revenue.
- Keurig Dr Pepper returned $1.3B to shareholders in fiscal 2025, 84% of free cash flow. The diluted share count fell 0.4%.
- Keurig Dr Pepper owes $16.0B more than it holds in cash, about 3.9 years of operating profit.
Market cap
$47.7B
P/E
35.3x
Revenue
$16.6B
Net income
$2.1B
Free cash flow
$1.5B
Operating margin
21.5%
Keurig Dr Pepper in 30 seconds · fiscal 2025
Are sales growing?
+8.2%
Yes. Sales grew 8.2% last year.
Does it make a profit?
12.5%
Yes. It keeps 12.5% of every sale as profit.
Does profit turn into cash?
9.1%
Partly. 9.1% of sales ends up as free cash.
Is debt under control?
3.9x
Heavy. Repaying its debt would take 3.9 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
35.3x
One share costs 35.3 times its yearly profit per share. Typical for its sector: 24.2x.
What Keurig Dr Pepper does
Keurig Dr Pepper makes, markets, distributes and sells hot and cold drinks and Keurig single-serve coffee brewers in the U.S., Canada, Mexico, the Caribbean and other markets. Its brands include Dr Pepper, Canada Dry, Mott's, A&W, Peñafiel, GHOST, 7UP, Snapple and Green Mountain Coffee Roasters, and it offers more than 125 owned, licensed and partner brands. It was created on July 9, 2018, by combining Keurig with DPS, a group of beverage brands built through acquisitions. It has three segments. U.S. Refreshment Beverages makes concentrates, syrups and finished drinks and sells them to bottlers, distributors, retailers and fountain customers such as fast food restaurants. U.S. Coffee sells Keurig brewers, coffee and K-Cup pods, and also makes pods for partner brands such as Starbucks, Dunkin', Folgers and Peet's. International covers Canada, Mexico, the Caribbean and other markets. Its largest retailer, Walmart, made up approximately 16% of net sales in 2025.
Biggest risks, in its own words
- Disruptions to its manufacturing, distribution or supply chain, including higher costs for ingredients and materials.
- Its dependence on third-party bottlers and distributors for a large part of its business.
- Changes in how retailers operate, or lower sales to any of its key customers.
- Losing its relationships with the outside brand owners whose drinks and pods it makes or distributes.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 24, 2026
- Legal name
- Keurig Dr Pepper Inc.
- CIK
- 0001418135
Keurig Dr Pepper · KDP
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $12.7B | $14.1B | $14.8B | $15.4B | $16.6B |
| Revenue growth | 9.2% | 10.8% | 5.4% | 3.6% | 8.2% |
| Gross margin | 55.0% | 52.1% | 54.5% | 55.6% | 54.2% |
| Operating margin | 22.8% | 18.5% | 21.6% | 16.9% | 21.5% |
| Net income | $2.1B | $1.4B | $2.2B | $1.4B | $2.1B |
| Net margin | 16.9% | 10.2% | 14.7% | 9.4% | 12.5% |
| Diluted EPS | $1.50 | $1.01 | $1.55 | $1.05 | $1.53 |
| Cash | |||||
| Cash from operations | $2.9B | $2.8B | $1.3B | $2.2B | $2.0B |
| Capital expenditure | $423M | $353M | $425M | $563M | $486M |
| Free cash flow | $2.5B | $2.5B | $904M | $1.7B | $1.5B |
| FCF margin | 19.3% | 17.7% | 6.1% | 10.8% | 9.1% |
| Dividends paid | $955M | $1.1B | $1.1B | $1.2B | $1.3B |
| Share buybacks | $0.0M | $379M | $706M | $1.1B | $9.0M |
| Share count change | 0.4% | 0.0% | −1.4% | −2.9% | −0.4% |
| Debt and strength | |||||
| Cash and short-term investments | $567M | $535M | $267M | $510M | $1.0B |
| Debt incl. finance leases | $12.6B | $12.7B | $13.9B | $16.4B | $17.1B |
| Shareholders' equity | $25.0B | $25.1B | $25.7B | $24.2B | $25.5B |
| Net debt / EBITDA | 3.5x | 3.9x | 3.7x | 5.0x | 3.9x |
| Current ratio | 0.5x | 0.5x | 0.4x | 0.5x | 0.6x |
| Interest coverage | 5.8x | 3.8x | 6.4x | 5.2x | 6.0x |
| Returns and quality | |||||
| Return on capital | 6.0% | 5.9% | 6.6% | 4.9% | 6.8% |
| Return on equity | 8.8% | 5.7% | 8.6% | 5.8% | 8.4% |
| Piotroski F-score | 7 | 5 | 6 | 7 | 6 |
| Altman Z'' | 1.2 | 1.0 | 1.0 | 1.0 | 1.3 |
Insiders bought, 12 months
$0.3M
1 insider
Insiders sold, 12 months
$1.4M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Keurig Dr Pepper · KDP
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Keurig Dr Pepper KDP | $47.7B | 8.2% | 21.5% | 9.1% | 6.8% | 35.3x | 6 |
| Monster Beverage MNST | $45.9B | 10.7% | 29.2% | 23.7% | 36.1% | 21.5x | 9 |
| Coca-Cola Consolidated COKE | — | 4.8% | 13.2% | 8.6% | 39.7% | — | — |
| Coca-Cola KO | $399.9B | 1.9% | 28.7% | 11.1% | 18.3% | 29.2x | 7 |
| PepsiCo PEP | $185.2B | 2.3% | 12.2% | 8.2% | 16.4% | 17.0x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $34.99 a share, the company is worth $47.7B: 35.3 times its earnings of the last four quarters.
Keurig Dr Pepper grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 3 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001418135). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.