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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. 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.

31.76 0.50 +1.60%
Market cap
$42.5B
P/E
32.1×
Fwd P/E
15.0×
Dividend yield
2.90%
F-score
7/9
Altman Z
1.35
Beneish M
−2.32
Dividend safety
40/100

Keurig Dr Pepper, Inc (KDP) Piotroski F-score

Alert me on Piotroski F-score

Keurig Dr Pepper, Inc's Piotroski F-score for fiscal 2025 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.

Piotroski F-score, annual

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Annual newest first

Period Piotroski F-score Change (points)
FY2025 7 0.00
FY2024 7 0.00
FY2023 7 2.00
FY2022 5 (1.00)
FY2021 6 0.00
FY2020 6 0.00
FY2019 6 (1.00)
FY2016 7 —

How fiscal 2025’s score is made up

Test This year Year before Result Points
Positive return on assets 3.82% 2.73% Pass 1
Positive operating cash flow 1.99b 2.22b Pass 1
Rising return on assets 3.82% 2.73% Pass 1
Cash flow above net income (88.00m) 778.00m Fail 0
Falling long-term leverage 0.24 0.24 Pass 1
Rising current ratio 0.64 0.49 Pass 1
No new shares issued 1,358,100,000 1,362,200,000 Pass 1
Rising gross margin 54.20% 55.56% Fail 0
Rising asset turnover 0.30 0.29 Pass 1
Piotroski F-score Strong — most fundamentals improved 7

How the Piotroski F-score works

One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.

Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:

7–9Strong — most fundamentals improved
4–6Mixed
0–3Weak — most fundamentals deteriorated

Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.

Piotroski F-score against peers

What Piotroski F-score is

The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.

One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover

The full definition of Piotroski F-score →

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