Keurig Dr Pepper Inc. KDP

Consumer staples SIC 2080 - Beverages NAICS Manufacturing › Beverage and Tobacco Product Manufacturing › Beverage Manufacturing derived Nasdaq

Keurig Dr Pepper Inc. is a leading beverage company in North America that manufactures, markets, distributes, and sells hot and cold beverages and single serve brewing systems. We have a broad portfolio of iconic beverage brands, including Dr Pepper, Canada Dry, Mott's, A&W, Peñafiel, GHOST, 7UP, Snapple, Green Mountain Coffee Roasters, Clamato, The Original Donut Shop, and Core Hydration, as well as the Keurig brewing system. Our beverage brands are some of the most recognized beverage brands in North America, with significant consumer awareness levels and long histories that evoke strong emotional connections with consumers. We offer more than 125 owned, licensed, and partner brands, supported by powerful distribution capabilities.

Last close 34.68 2026-10-23
Market cap $47.19B 2026-06-30 share count
52-week range 24.88 - 35.40

Valuation FY2025 figures against the last close

P/S2.8x
P/E22.7x
P/FCF31.4x
EV/EBITDA14.9x
Dividend yield2.6%
Diluted EPS1.53

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • Foreign
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 14.5B (87.3%) 87% U.S. Foreign, FY2025: 2.1B (12.7%) 13% Foreign FY2024 U.S., FY2024: 13.4B (87.1%) 87% Foreign, FY2024: 2B (12.9%) 13% FY2023 U.S., FY2023: 13B (87.5%) 87% Foreign, FY2023: 1.9B (12.5%) 13%
Region FY2025FY2024FY2023
U.S. $14.50B $13.37B $12.96B
Foreign $2.10B $1.98B $1.85B

As the company reported it, from the “Segments - Revenue by Geography (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $16.60B$15.35B$14.81B$14.06B$12.68B$11.62B$11.12B$7.44B$4.27B$6.44B
Cost of revenue $7.60B$6.82B$6.73B$6.73B$5.71B$5.13B$4.78B$3.56B$2.23B$2.58B
Gross profit $9.00B$8.53B$8.08B$7.32B$6.98B$6.49B$6.34B$3.88B$2.04B$3.86B
R&D $70.0M$70.0M$66.0M$65.0M$66.0M$69.0M$81.0M$64.0M$56.0M$20.0M
SG&A $5.35B$5.01B$4.91B$4.64B$4.15B$3.98B$3.96B$2.63B$1.15B$2.33B
Operating income $3.58B$2.59B$3.19B$2.60B$2.89B$2.48B$2.38B$1.24B$897.0M$1.43B
Interest expense ——$496.0M$693.0M$500.0M$604.0M$654.0M$401.0M$101.0M$147.0M
Pre-tax income $2.69B$1.91B$2.76B$1.72B$2.80B$1.75B$1.69B$791.0M$567.0M$1.28B
Income tax $608.0M$473.0M$576.0M$284.0M$653.0M$428.0M$440.0M$202.0M$184.0M$434.0M
Net income $2.08B$1.44B$2.18B$1.44B$2.15B$1.32B$1.25B$586.0M$378.0M$847.0M
EPS, basic 1.531.061.561.011.520.940.890.540.484.57
EPS, diluted 1.531.051.551.011.500.930.880.530.474.54
Shares, diluted (wtd. avg.) 1.36B1.37B1.41B1.43B1.43B1.42B1.42B1.10B790.5M186.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.03B$510.0M$267.0M$535.0M$568.0M$255.0M$111.0M$139.0M$95.0M$438.0M
Receivables $1.67B$1.50B$1.37B$1.48B$1.15B$1.05B$1.11B$1.15B$668.0M$595.0M
Inventory $1.73B$1.30B$1.14B$1.31B$894.0M$762.0M$654.0M$626.0M$229.0M$202.0M
Total current assets $5.27B$4.00B$3.38B$3.80B$3.06B$2.39B$2.27B$2.16B$1.12B$2.74B
Property, plant and equipment $3.23B$2.96B$2.70B$2.49B$2.49B$2.21B$2.03B$2.31B$1.20B$1.14B
Goodwill $20.25B$20.05B$20.20B$20.07B$20.18B$20.18B$20.17B$20.01B$9.82B$2.99B
Other intangibles $23.73B$23.63B$23.29B$23.18B$23.86B$23.97B$24.12B$23.97B$3.78B$2.66B
Total assets $55.46B$53.43B$52.13B$51.84B$50.60B$49.78B$49.52B$48.92B$10.02B$9.79B
Accounts payable $3.00B$2.98B$3.60B$5.21B$4.32B$3.74B$3.18B$2.30B$365.0M$303.0M
Short-term debt $895.0M$1.03B$1.15B$496.0M$155.0M$2.35B$347.0M$379.0M$79.0M$10.0M
Total current liabilities $8.29B$8.09B$8.92B$8.08B$6.49B$7.69B$6.47B$5.70B$1.24B$1.05B
Long-term debt $13.04B$12.91B$9.95B$11.07B$11.58B$11.14B$12.83B$14.20B$4.23B$4.33B
Total liabilities $29.94B$29.19B$26.45B$26.71B$25.63B$25.95B$26.26B$26.39B$7.57B$7.66B
Retained earnings $5.62B$4.79B$4.56B$3.54B$3.20B$2.06B$1.58B$1.18B$2.65B$2.27B
Total equity $25.52B$24.24B$25.68B$25.13B$24.97B$23.83B$23.26B$22.53B$7.40B$6.51B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.99B$2.22B$1.33B$2.84B$2.87B$2.46B$2.47B$1.61B$1.75B$961.0M
Depreciation and amortisation $455.0M$422.0M$402.0M$399.0M$410.0M$362.0M$358.0M$233.0M$142.0M$191.0M
Stock-based compensation $97.0M$98.0M$116.0M$52.0M$88.0M$85.0M$64.0M$35.0M$58.0M$45.0M
Capital expenditure $486.0M$563.0M$425.0M$353.0M$423.0M$461.0M$330.0M$180.0M$66.0M$180.0M
Investing cash flow -$573.0M-$1.61B-$784.0M-$1.14B$210.0M-$316.0M-$150.0M-$19.13B$180.0M-$189.0M
Financing cash flow -$999.0M-$223.0M-$832.0M-$1.73B-$2.76B-$1.99B-$2.36B$17.58B-$2.03B$108.0M
Dividends paid $1.25B$1.19B$1.14B$1.08B$955.0M$846.0M$844.0M$232.0M$55.0M$386.0M
Buybacks $9.0M$1.11B$706.0M$379.0M$0$0——$399.0M$519.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-177266.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B 20B Revenue, FY2016: 6.4B Gross profit, FY2016: 3.9B Net income, FY2016: 847M Revenue, FY2017: 4.3B Gross profit, FY2017: 2B Net income, FY2017: 378M Revenue, FY2018: 7.4B Gross profit, FY2018: 3.9B Net income, FY2018: 586M Revenue, FY2019: 11.1B Gross profit, FY2019: 6.3B Net income, FY2019: 1.3B Revenue, FY2020: 11.6B Gross profit, FY2020: 6.5B Net income, FY2020: 1.3B Revenue, FY2021: 12.7B Gross profit, FY2021: 7B Net income, FY2021: 2.1B Revenue, FY2022: 14.1B Gross profit, FY2022: 7.3B Net income, FY2022: 1.4B Revenue, FY2023: 14.8B Gross profit, FY2023: 8.1B Net income, FY2023: 2.2B Revenue, FY2024: 15.4B Gross profit, FY2024: 8.5B Net income, FY2024: 1.4B Revenue, FY2025: 16.6B Gross profit, FY2025: 9B Net income, FY2025: 2.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $6.44B $4.27B $7.44B $11.12B $11.62B $12.68B $14.06B $14.81B $15.35B $16.60B
Gross profit $3.86B $2.04B $3.88B $6.34B $6.49B $6.98B $7.32B $8.08B $8.53B $9.00B
Net income $847.0M $378.0M $586.0M $1.25B $1.32B $2.15B $1.44B $2.18B $1.44B $2.08B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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BRCC BRC Inc. $1.33B — 1.7%
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