ABEV vs. KDP: Ambev vs. Keurig Dr Pepper Stock Comparison

November 11, 2026

How do Ambev (ABEV) and Keurig Dr Pepper (KDP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ambev (ABEV) and Keurig Dr Pepper (KDP) both belong to the Beverages industry, though ABEV is classified under Brewers while KDP falls under Soft Drinks & Non-alcoholic Beverages.

Keurig Dr Pepper (KDP) trades as ordinary local shares, while Ambev (ABEV) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Ambev (ABEV) and Keurig Dr Pepper (KDP)
Profile Item	ABEV	KDP
Name	Ambev S.A. ADR	Keurig Dr Pepper Inc.
Country/Region	Brazil	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Beverages
GICS Sub-Industry	Brewers	Soft Drinks & Non-alcoholic Beverages
Market Capitalization	43.01 billion USD	49.85 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 5, 1997	May 7, 2008
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

ABEV

KDP

GSPC

Ambev (ABEV) vs. Keurig Dr Pepper (KDP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ambev (ABEV) and Keurig Dr Pepper (KDP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ambev (ABEV) and Keurig Dr Pepper (KDP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ambev (ABEV) and Keurig Dr Pepper (KDP)
Metric	ABEV	KDP
Total Return (1Y)	15.68%	46.21%
Total Return (3Y, Annualized)	5.87%	9.12%
Total Return (5Y, Annualized)	1.96%	3.26%

Risk Profile

Drawdown History

ABEV

KDP

GSPC

Ambev (ABEV) vs. Keurig Dr Pepper (KDP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ambev (ABEV) and Keurig Dr Pepper (KDP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ambev (ABEV) and Keurig Dr Pepper (KDP)
Metric	ABEV	KDP
Volatility (1Y, Annualized)	35.89%	26.92%
Beta (5Y)	0.56	0.34
Max Drawdown (5Y)	-38.91%	-31.20%
Avg. Volume (3M)	26.44M	12.79M

Risk-Adjusted Performance

Risk-Return Positioning

ABEV and KDP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ambev (ABEV) and Keurig Dr Pepper (KDP)
Metric	ABEV	KDP
Sharpe Ratio (1Y)	0.32	1.56
Sortino Ratio (1Y)	0.47	2.46

Profitability

ROE (TTM)

Ambev (ABEV) at 17.65% sits in the top ROE quartile, while Keurig Dr Pepper (KDP) at 6.01% is closer to the peer norm — stronger capital efficiency for ABEV.

ABEV

Food, Beverage & Tobacco industry group

17.65%

Max: 32.02%
ABEV: 17.65%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

KDP

Food, Beverage & Tobacco industry group

6.01%

Max: 32.02%
Q3: 16.61%
Median: 10.05%
KDP: 6.01%
Q1: 4.10%
Min: -10.50%

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

Ambev (ABEV) at 17.69% retains a top-quartile share of revenue as profit, ahead of Keurig Dr Pepper (KDP) at 7.12%, which keeps about the industry-typical share.

ABEV

Food, Beverage & Tobacco industry group

17.69%

Max: 24.83%
ABEV: 17.69%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

KDP

Food, Beverage & Tobacco industry group

7.12%

Max: 24.83%
Q3: 11.22%
KDP: 7.12%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Both Ambev (ABEV) at 25.56% and Keurig Dr Pepper (KDP) at 18.82% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

ABEV

Food, Beverage & Tobacco industry group

25.56%

Max: 34.91%
ABEV: 25.56%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

KDP

Food, Beverage & Tobacco industry group

18.82%

Max: 34.91%
KDP: 18.82%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Ambev (ABEV) and Keurig Dr Pepper (KDP)
Metric	ABEV	KDP
ROE (TTM)	17.65%	6.01%
ROA (TTM)	10.27%	3.62%
Net Margin (TTM)	17.69%	7.12%
Operating Margin (TTM)	25.56%	18.82%
Gross Margin (TTM)	51.78%	49.58%

Growth

Revenue Growth

Keurig Dr Pepper (KDP) at 8.16% sits in the top revenue growth quartile, while Ambev (ABEV) at -1.35% is in the bottom quartile, showing a clear gap in revenue momentum.

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Keurig Dr Pepper (KDP) at 45.71% sits in the top EPS growth quartile, while Ambev (ABEV) at 2.20% is closer to the peer norm — faster per-share earnings growth for KDP.

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ambev (ABEV) and Keurig Dr Pepper (KDP)
Metric	ABEV	KDP
Revenue Growth (YoY)	-1.35%	8.16%
Revenue Growth (3Y CAGR)	3.45%	5.71%
EPS Growth (YoY)	2.20%	45.71%
EPS Growth (3Y CAGR)	0.00%	14.85%

Financial Strength

Current Ratio (MRQ)

Ambev (ABEV) at 1.06 keeps current ratio within its industry’s typical mid-range, while Keurig Dr Pepper (KDP) at 0.52 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for KDP.

ABEV

Food, Beverage & Tobacco industry group

1.06

Max: 4.01
Q3: 2.35
Median: 1.53
ABEV: 1.06
Q1: 1.02
Min: 0.33

KDP

Food, Beverage & Tobacco industry group

0.52

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
KDP: 0.52
Min: 0.33

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Ambev (ABEV) at 0.03 keeps leverage in the lower industry quartile, while Keurig Dr Pepper (KDP) at 0.96 runs a more typical debt-to-equity mix.

ABEV

Food, Beverage & Tobacco industry group

0.03

Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
ABEV: 0.03
Min: 0.00

KDP

Food, Beverage & Tobacco industry group

0.96

Max: 2.19
Q3: 1.11
KDP: 0.96
Median: 0.68
Q1: 0.33
Min: 0.00

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Ambev (ABEV) and Keurig Dr Pepper (KDP)
Metric	ABEV	KDP
Current Ratio (MRQ)	1.06	0.52
Debt / Equity (MRQ)	0.03	0.96
Net Debt / EBITDA	-0.72	6.01

Dividends

Dividend Yield (TTM)

Keurig Dr Pepper (KDP) at 2.49% pays an industry-typical yield; Ambev (ABEV) at 9.64% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

ABEV

Food, Beverage & Tobacco industry group

9.64%

ABEV: 9.64%
Max: 9.38%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

KDP

Food, Beverage & Tobacco industry group

2.49%

Max: 9.38%
Q3: 3.77%
KDP: 2.49%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Ambev (ABEV) at 74.21% pays out a band-typical share of earnings, while Keurig Dr Pepper (KDP) at 92.93% distributes more than its industry norm — less retained, thinner cover.

ABEV

Food, Beverage & Tobacco industry group

74.21%

Max: 199.19%
Q3: 81.03%
ABEV: 74.21%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

KDP

Food, Beverage & Tobacco industry group

92.93%

Max: 199.19%
KDP: 92.93%
Q3: 81.03%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Ambev (ABEV) and Keurig Dr Pepper (KDP)
Metric	ABEV	KDP
Dividend Yield (TTM)	9.64%	2.49%
Dividend Payout Ratio (TTM)	74.21%	92.93%

Valuation

P/E Ratio (TTM)

Ambev (ABEV) at 14.68 is near its industry’s usual P/E ratio, while Keurig Dr Pepper (KDP) at 33.00 sits in the richer quartile — KDP needs stronger growth or earnings quality to justify the premium.

ABEV

Food, Beverage & Tobacco industry group

14.68

Max: 52.52
Q3: 30.78
Median: 18.76
ABEV: 14.68
Q1: 12.77
Min: 4.72

KDP

Food, Beverage & Tobacco industry group

33.00

Max: 52.52
KDP: 33.00
Q3: 30.78
Median: 18.76
Q1: 12.77
Min: 4.72

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

Ambev (ABEV) at 0.48 sits in the cheaper P/S ratio quartile while Keurig Dr Pepper (KDP) at 2.16 prices around its industry’s middle — ABEV costs less per dollar of sales, though read it alongside growth and margins.

ABEV

Food, Beverage & Tobacco industry group

0.48

Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
ABEV: 0.48
Min: 0.00

KDP

Food, Beverage & Tobacco industry group

2.16

Max: 4.64
Q3: 2.27
KDP: 2.16
Median: 1.17
Q1: 0.52
Min: 0.00

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Ambev (ABEV) at 2.38 and Keurig Dr Pepper (KDP) at 1.96 are valued close to their industries’ norm against book — neither stands out from peers.

ABEV

Food, Beverage & Tobacco industry group

2.38

Max: 6.35
Q3: 3.07
ABEV: 2.38
Median: 1.58
Q1: 0.82
Min: 0.00

KDP

Food, Beverage & Tobacco industry group

1.96

Max: 6.35
Q3: 3.07
KDP: 1.96
Median: 1.58
Q1: 0.82
Min: 0.00

Ambev (ABEV) vs. Keurig Dr Pepper (KDP): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for Ambev (ABEV) and Keurig Dr Pepper (KDP)
Metric	ABEV	KDP
P/E Ratio (TTM)	14.68	33.00
P/S Ratio (TTM)	0.48	2.16
P/B Ratio (MRQ)	2.38	1.96
Free Cash Flow Yield (TTM)	48.96%	9.52%