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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
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Keurig Dr Pepper, Inc (KDP) Operating margin

Alert me on Operating margin

Keurig Dr Pepper, Inc's operating margin over the twelve months to 30 September 2026 was 15.6%, down 6.0 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 13.2% and above the Consumer Defensive sector median of 1.70%.

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)
Sep 2026 18.2% 9.56
Jun 2026 8.59% (10.42)
Mar 2026 19.0% (0.57)
Dec 2025 19.6% (3.53)
43 more quarters

Against its own ten years

Low 16.6% High 22.8%
Ten-year median 21.2%
Current reading's percentile 5

Operating margin against peers

Company Operating margin
KO CocaCola Company (The) compare 30.0%
MNST Monster Beverage Corporation compare 29.2%
COCO Vita Coco Company, Inc. compare 19.9%
KDP Keurig Dr Pepper, Inc 15.6%
PEP PepsiCo, Inc. compare 15.3%
KOF Coca Cola Femsa S.A.B. de C.V. compare 14.5%
COKE Coca-Cola Consolidated, Inc. compare 13.1%
CELH Celsius Holdings Inc. compare 13.0%
CCEP Coca-Cola Europacific Partners compare 0.00%
Beverages Non Alcoholic industry median 13.2%
Consumer Defensive sector median 1.70%
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

The full definition of Operating margin →

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