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Friday 6 November 2026 Export KDP’s income statement to Excel — free account

Keurig Dr Pepper, Inc

KDP Consumer Defensive Beverages Non Alcoholic

Keurig Dr Pepper, Inc’s revenue for fiscal 2025 (year ended December 2025) was $16.6 billion, up 8.16% from fiscal 2024.

Revenue
+70.6%
EPS
+42.8%
Free cash flow
+91.3%
Total debt
+59.6%

Quarter to September 2026, against a year earlier

36.90 0.11 +0.30%
Market cap
$50.2B
P/E
30.8×
Fwd P/E
23.5×
Dividend yield
2.49%
F-score
7/9
Altman Z
1.35
Beneish M
−2.32
Dividend safety
40/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Keurig Dr Pepper, Inc (KDP) Debt to equity

Alert me on Debt to equity

Keurig Dr Pepper, Inc's debt to equity at the end of the quarter to 30 September 2026 was 0.7×, up 0.2× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.5× (fiscal 2021) to 2.1× (fiscal 2016); the current reading is higher than 27% of that period. That is above the Beverages Non Alcoholic industry median of 0.0× and above the Consumer Defensive sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.5× (20.37%)
FY2024 0.6× 24.90%
FY2023 0.5× 4.94%
FY2022 0.5× 0.37%
FY2021 0.5× (15.52%)
FY2020 0.6× (9.60%)
FY2019 0.6× (11.23%)
FY2018 0.7× 5.28%
FY2017 0.7× (67.44%)
FY2016 2.1× 59.33%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.7× (28.95%)
Jun 2026 1.0× 43.27%
Mar 2026 0.7× 40.13%
Dec 2025 0.5× (4.38%)
43 more quarters

Against its own ten years

Low 0.5× High 2.1×
Ten-year median 0.6×
Current reading's percentile 27

Debt to equity against peers

Company Debt to equity
COKE Coca-Cola Consolidated, Inc. compare −7.4×
MNST Monster Beverage Corporation compare 0.0×
CELH Celsius Holdings Inc. compare 0.0×
COCO Vita Coco Company, Inc. compare 0.0×
KOF Coca Cola Femsa S.A.B. de C.V. compare 0.5×
KDP Keurig Dr Pepper, Inc 0.7×
KO CocaCola Company (The) compare 1.1×
CCEP Coca-Cola Europacific Partners compare 1.4×
PEP PepsiCo, Inc. compare 1.9×
Beverages Non Alcoholic industry median 0.0×
Consumer Defensive sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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