PepsiCo
PEP Nasdaq· Soft Drinks & Non-alcoholic Beverages
Last close · Oct 26, 2026
$135.46
KIRA · Stoqly’s AI analyst, in plain words
- PepsiCo had $93.9B of revenue in fiscal 2025, up 2.3% on the year before. Over five years, revenue changed +5.9% a year on average.
- Its operating margin was 12.2%, down 1.8 pts: of every 100 in sales, about 12 is left after running the business.
- PepsiCo made $8.2B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 3.6% a year.
- Free cash flow was $7.7B in fiscal 2025, 8.2% of revenue.
- PepsiCo returned $8.6B to shareholders in fiscal 2025, 113% of free cash flow. The diluted share count fell 0.4%.
- PepsiCo owes $39.7B more than it holds in cash, about 2.7 years of operating profit.
Market cap
$185.2B
P/E
17.0x
Revenue
$93.9B
Net income
$8.2B
Free cash flow
$7.7B
Operating margin
12.2%
PepsiCo in 30 seconds · fiscal 2025
Are sales growing?
+2.3%
Only a little. Sales grew 2.3% last year.
Does it make a profit?
8.8%
A little. It keeps 8.8% of every sale as profit.
Does profit turn into cash?
8.2%
Partly. 8.2% of sales ends up as free cash.
Is debt under control?
2.7x
Keep an eye on it. Repaying its debt would take 2.7 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
17.0x
One share costs 17.0 times its yearly profit per share. Typical for its sector: 24.7x.
What PepsiCo does
PepsiCo makes and sells snacks and drinks in more than 200 countries and territories. Its brands include Lay's, Doritos, Cheetos, Tostitos and Quaker foods, and Pepsi, Mountain Dew, Gatorade, Aquafina and SodaStream drinks. It sells to grocery stores, big-box chains, convenience and dollar stores, restaurants and vending operators, and sells drink concentrate to independent bottlers, which make and sell the finished drinks in their own areas. It reports six segments: foods in North America, drinks in North America, an international drinks business that mostly sells concentrate to bottlers, and three regional segments for Europe, the Middle East and Africa, Latin America, and Asia Pacific. Drinks made up 42% of revenue in 2025 and snacks and other foods 58%. Sales outside the United States brought in 44%. Sales to Walmart and its Sam's Club stores made up about 14% of revenue.
Biggest risks, in its own words
- Lower demand if people's tastes shift toward healthier food and drinks or away from its brands.
- Higher costs or shortages of ingredients, packaging, transport and labor, or problems at its plants and suppliers.
- Its reliance on large retailers such as Walmart, and changes in how and where people shop.
- Taxes on sugary drinks and other limits on how its products may be marketed or sold.
- Fiscal year ends
- December 27, 2025
- Latest annual report
- 10-K · Feb 3, 2026
- Legal name
- PEPSICO INC
- CIK
- 0000077476
PepsiCo · PEP
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $79.5B | $86.4B | $91.5B | $91.9B | $93.9B |
| Revenue growth | 12.9% | 8.7% | 5.9% | 0.4% | 2.3% |
| Gross margin | 53.4% | 53.0% | 54.2% | 54.6% | 54.2% |
| Operating margin | 14.0% | 13.3% | 13.1% | 14.0% | 12.2% |
| Net income | $7.6B | $8.9B | $9.1B | $9.6B | $8.2B |
| Net margin | 9.6% | 10.3% | 9.9% | 10.4% | 8.8% |
| Diluted EPS | $5.49 | $6.42 | $6.56 | $6.95 | $6.00 |
| Cash | |||||
| Cash from operations | $11.6B | $10.8B | $13.4B | $12.5B | $12.1B |
| Capital expenditure | $4.6B | $5.2B | $5.5B | $5.3B | $4.4B |
| Free cash flow | $7.0B | $5.6B | $7.9B | $7.2B | $7.7B |
| FCF margin | 8.8% | 6.5% | 8.7% | 7.8% | 8.2% |
| Dividends paid | $5.8B | $6.2B | $6.7B | $7.2B | $7.6B |
| Share buybacks | $106M | $1.5B | $1.0B | $1.0B | $1.0B |
| Share count change | −0.2% | −0.1% | −0.3% | −0.4% | −0.4% |
| Debt and strength | |||||
| Cash and short-term investments | $6.0B | $5.3B | $10.0B | $9.3B | $9.5B |
| Debt incl. finance leases | $40.3B | $39.1B | $44.1B | $44.3B | $49.2B |
| Shareholders' equity | $16.0B | $17.1B | $18.5B | $18.0B | $20.4B |
| Net debt / EBITDA | 2.5x | 2.4x | 2.3x | 2.2x | 2.7x |
| Current ratio | 0.8x | 0.8x | 0.9x | 0.8x | 0.9x |
| Interest coverage | 6.0x | 12.3x | 14.6x | 14.0x | 10.3x |
| Returns and quality | |||||
| Return on capital | 17.7% | 19.0% | 18.5% | 19.6% | 16.4% |
| Return on equity | 51.7% | 53.7% | 50.9% | 52.4% | 42.9% |
| Piotroski F-score | 5 | 7 | 8 | 6 | 6 |
| Altman Z'' | 3.0 | 3.1 | 3.0 | 3.1 | 2.9 |
Insiders bought, 12 months
$17.9M
1 insider
Insiders sold, 12 months
$10.2M
3 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.
PepsiCo · PEP
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 |
|---|---|---|---|---|---|---|---|
| PepsiCo PEP | $185.2B | 2.3% | 12.2% | 8.2% | 16.4% | 17.0x | 6 |
| Coca-Cola KO | $399.9B | 1.9% | 28.7% | 11.1% | 18.3% | 29.2x | 7 |
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 $135.46 a share, the company is worth $185.2B: 17.0 times its earnings of the last four quarters.
PepsiCo grew sales faster than 1 of its 1 similar companies. Its P/E is higher than 0 of 1.
Source: SEC EDGAR XBRL filings (CIK 0000077476). Data updated October 13, 2026. For information only — not investment advice. Check the original filings before relying on any figure.