PepsiCo, Inc.
PEP Consumer Defensive Beverages Non Alcoholic
PepsiCo, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $93.9 billion, up 2.25% from fiscal 2024. In the quarter to September 2026, revenue grew 5.59%, EPS grew 18.5%, free cash flow grew 1,051.6% and total debt fell 3.30%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for twenty-five consecutive years, revenue growth for five.
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PepsiCo, Inc. (PEP) Free cash flow margin
PepsiCo, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 11.0%, up 2.3 percentage points from fiscal 2025 (8.73%). Over the past ten years it has ranged from 6.78% (fiscal 2022) to 13.0% (fiscal 2015); the current reading is higher than 36% of that period. That is above the Beverages Non Alcoholic industry median of 8.38% and above the Consumer Defensive sector median of 1.64%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 8.73% | 0.53 |
| FY2024 | 8.20% | (0.68) |
| FY2023 | 8.88% | 2.10 |
| FY2022 | 6.78% | (2.23) |
| FY2021 | 9.01% | (0.12) |
| FY2020 | 9.13% | 0.81 |
| FY2019 | 8.32% | (1.37) |
| FY2018 | 9.69% | (1.71) |
| FY2017 | 11.4% | (0.90) |
| FY2016 | 12.3% | (0.69) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| KO CocaCola Company (The) compare | 28.5% |
| MNST Monster Beverage Corporation compare | 22.6% |
| COCO Vita Coco Company, Inc. compare | 17.6% |
| CELH Celsius Holdings Inc. compare | 15.2% |
| PEP PepsiCo, Inc. | 11.0% |
| KDP Keurig Dr Pepper, Inc compare | 9.88% |
| COKE Coca-Cola Consolidated, Inc. compare | 8.38% |
| CCEP Coca-Cola Europacific Partners compare | 0.00% |
| KOF Coca Cola Femsa S.A.B. de C.V. compare | 0.00% |
| Beverages Non Alcoholic industry median | 8.38% |
| Consumer Defensive sector median | 1.64% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on PEP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net 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
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