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. In the quarter to June 2026, revenue grew 75.6%, EPS fell 90.0%, free cash flow grew 120.4% and total debt rose 115.4%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.
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Keurig Dr Pepper, Inc (KDP) Operating margin
Keurig Dr Pepper, Inc's operating margin over the twelve months to 30 June 2026 was 16.2%, down 5.3 percentage points from fiscal 2025 (21.5%). Over the past ten years it has ranged from 16.6% (fiscal 2018) to 22.8% (fiscal 2021); the current reading is higher than 75% of that period. That is above the Beverages Non Alcoholic industry median of 13.4% and above the Consumer Defensive sector median of 1.55%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 21.5% | 4.65 |
| FY2024 | 16.9% | (4.67) |
| FY2023 | 21.6% | 3.02 |
| FY2022 | 18.5% | (4.29) |
| FY2021 | 22.8% | 1.47 |
| FY2020 | 21.4% | (0.03) |
| FY2019 | 21.4% | 4.76 |
| FY2018 | 16.6% | (4.13) |
| FY2017 | 20.8% | (0.26) |
| FY2017 | 21.0% | (1.24) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 8.59% | (10.42) |
| Mar 2026 | 19.0% | (0.57) |
| Dec 2025 | 19.6% | (3.53) |
| Sep 2025 | 23.1% | 1.54 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| KO CocaCola Company (The) compare | 29.6% |
| MNST Monster Beverage Corporation compare | 29.2% |
| COCO Vita Coco Company, Inc. compare | 19.1% |
| KDP Keurig Dr Pepper, Inc | 16.2% |
| PEP PepsiCo, Inc. compare | 15.3% |
| KOF Coca Cola Femsa S.A.B. de C.V. compare | 14.4% |
| COKE Coca-Cola Consolidated, Inc. compare | 13.0% |
| CELH Celsius Holdings Inc. compare | 5.26% |
| CCEP Coca-Cola Europacific Partners compare | 0.00% |
| Beverages Non Alcoholic industry median | 13.4% |
| Consumer Defensive sector median | 1.55% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on KDP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement