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

Keurig Dr Pepper, Inc (KDP) Gross margin

Alert me on Gross margin

Keurig Dr Pepper, Inc's gross margin over the twelve months to 30 September 2026 was 48.0%, down 6.2 percentage points from fiscal 2025 (54.2%). Over the past ten years it has ranged from 47.9% (fiscal 2017) to 59.9% (fiscal 2016); the current reading is higher than 33% of that period. That is above the Beverages Non Alcoholic industry median of 41.5% and above the Consumer Defensive sector median of 34.6%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2025 54.2% (1.36)
FY2024 55.6% 1.02
FY2023 54.5% 2.44
FY2022 52.1% (2.91)
FY2021 55.0% (0.82)
FY2020 55.8% (1.20)
FY2019 57.0% 4.87
FY2018 52.2% (7.56)
FY2017 59.7% 11.84
FY2017 47.9% (12.03)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 48.0% 6.05
Jun 2026 42.0% (10.82)
Mar 2026 52.8% (1.00)
Dec 2025 53.8% (0.57)
43 more quarters

Against its own ten years

Low 47.9% High 59.9%
Ten-year median 55.3%
Current reading's percentile 2

Gross margin against peers

Company Gross margin
KO CocaCola Company (The) compare 62.3%
MNST Monster Beverage Corporation compare 55.6%
PEP PepsiCo, Inc. compare 54.2%
KDP Keurig Dr Pepper, Inc 48.0%
CELH Celsius Holdings Inc. compare 47.6%
KOF Coca Cola Femsa S.A.B. de C.V. compare 46.7%
COCO Vita Coco Company, Inc. compare 41.0%
COKE Coca-Cola Consolidated, Inc. compare 38.9%
CCEP Coca-Cola Europacific Partners compare 36.0%
Beverages Non Alcoholic industry median 41.5%
Consumer Defensive sector median 34.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on KDP