CCEP vs. DEO: Coca-Cola Europacific Partners vs. Diageo Stock Comparison

November 11, 2026

How do Coca-Cola Europacific Partners (CCEP) and Diageo (DEO) 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

Coca-Cola Europacific Partners (CCEP) and Diageo (DEO) both belong to the Beverages industry, though CCEP is classified under Soft Drinks & Non-alcoholic Beverages while DEO falls under Distillers & Vintners.

Coca-Cola Europacific Partners (CCEP) trades as ordinary local shares, while Diageo (DEO) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Coca-Cola Europacific Partners (CCEP) and Diageo (DEO)
Profile Item	CCEP	DEO
Name	Coca-Cola Europacific Partners PLC	Diageo plc Sponsored ADR
Country/Region	United Kingdom	United Kingdom
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Beverages
GICS Sub-Industry	Soft Drinks & Non-alcoholic Beverages	Distillers & Vintners
Market Capitalization	50.97 billion USD	55.56 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	November 24, 1986	March 14, 1991
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

CCEP

DEO

GSPC

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO), 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 Coca-Cola Europacific Partners (CCEP) and Diageo (DEO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Coca-Cola Europacific Partners (CCEP) and Diageo (DEO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Coca-Cola Europacific Partners (CCEP) and Diageo (DEO)
Metric	CCEP	DEO
Total Return (1Y)	30.88%	13.51%
Total Return (3Y, Annualized)	27.90%	-11.57%
Total Return (5Y, Annualized)	18.79%	-10.73%

Risk Profile

Drawdown History

CCEP

DEO

GSPC

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO), 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 Coca-Cola Europacific Partners (CCEP) and Diageo (DEO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Coca-Cola Europacific Partners (CCEP) and Diageo (DEO)
Metric	CCEP	DEO
Volatility (1Y, Annualized)	23.77%	33.21%
Beta (5Y)	0.53	0.52
Max Drawdown (5Y)	-28.16%	-63.41%
Avg. Volume (3M)	1.74M	1.07M

Risk-Adjusted Performance

Risk-Return Positioning

CCEP and DEO 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 Coca-Cola Europacific Partners (CCEP) and Diageo (DEO)
Metric	CCEP	DEO
Sharpe Ratio (1Y)	1.12	0.28
Sortino Ratio (1Y)	1.73	0.38

Profitability

ROE (TTM)

Coca-Cola Europacific Partners (CCEP) at 23.54% sits in the top ROE quartile, while Diageo (DEO) at 14.99% is closer to the peer norm — stronger capital efficiency for CCEP.

CCEP

Food, Beverage & Tobacco industry group

23.54%

Max: 32.02%
CCEP: 23.54%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

DEO

Food, Beverage & Tobacco industry group

14.99%

Max: 32.02%
Q3: 16.61%
DEO: 14.99%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

Both Coca-Cola Europacific Partners (CCEP) at 9.35% and Diageo (DEO) at 8.84% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CCEP

Food, Beverage & Tobacco industry group

9.35%

Max: 24.83%
Q3: 11.22%
CCEP: 9.35%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

DEO

Food, Beverage & Tobacco industry group

8.84%

Max: 24.83%
Q3: 11.22%
DEO: 8.84%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Diageo (DEO) at 27.04% operates in the top operating margin quartile, ahead of Coca-Cola Europacific Partners (CCEP) at 13.40%, which runs around its industry’s norm.

CCEP

Food, Beverage & Tobacco industry group

13.40%

Max: 34.91%
Q3: 17.57%
CCEP: 13.40%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

DEO

Food, Beverage & Tobacco industry group

27.04%

Max: 34.91%
DEO: 27.04%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Coca-Cola Europacific Partners (CCEP) and Diageo (DEO)
Metric	CCEP	DEO
ROE (TTM)	23.54%	14.99%
ROA (TTM)	5.64%	7.48%
Net Margin (TTM)	9.35%	8.84%
Operating Margin (TTM)	13.40%	27.04%
Gross Margin (TTM)	35.57%	59.82%

Growth

Revenue Growth

Coca-Cola Europacific Partners (CCEP) at 2.27% is around its peer norm for revenue growth, while Diageo (DEO) at -2.97% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Coca-Cola Europacific Partners (CCEP) at 38.31% sits in the top EPS growth quartile, while Diageo (DEO) at -26.30% is closer to the peer norm — faster per-share earnings growth for CCEP.

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Coca-Cola Europacific Partners (CCEP) and Diageo (DEO)
Metric	CCEP	DEO
Revenue Growth (YoY)	2.27%	-2.97%
Revenue Growth (3Y CAGR)	6.46%	-1.50%
EPS Growth (YoY)	38.31%	-26.30%
EPS Growth (3Y CAGR)	8.99%	-27.84%

Financial Strength

Current Ratio (MRQ)

Diageo (DEO) at 1.60 keeps current ratio within its industry’s typical mid-range, while Coca-Cola Europacific Partners (CCEP) at 0.89 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CCEP.

CCEP

Food, Beverage & Tobacco industry group

0.89

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
CCEP: 0.89
Min: 0.33

DEO

Food, Beverage & Tobacco industry group

1.60

Max: 4.01
Q3: 2.35
DEO: 1.60
Median: 1.53
Q1: 1.02
Min: 0.33

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Both Coca-Cola Europacific Partners (CCEP) at 1.39 and Diageo (DEO) at 1.71 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

CCEP

Food, Beverage & Tobacco industry group

1.39

Max: 2.19
CCEP: 1.39
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

DEO

Food, Beverage & Tobacco industry group

1.71

Max: 2.19
DEO: 1.71
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Coca-Cola Europacific Partners (CCEP) and Diageo (DEO)
Metric	CCEP	DEO
Current Ratio (MRQ)	0.89	1.60
Debt / Equity (MRQ)	1.39	1.71
Net Debt / EBITDA	2.89	3.18

Dividends

Dividend Yield (TTM)

Both Coca-Cola Europacific Partners (CCEP) at 1.76% and Diageo (DEO) at 0.50% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CCEP

Food, Beverage & Tobacco industry group

1.76%

Max: 9.38%
Q3: 3.77%
CCEP: 1.76%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

DEO

Food, Beverage & Tobacco industry group

0.50%

Max: 9.38%
Q3: 3.77%
Median: 1.76%
DEO: 0.50%
Q1: 0.00%
Min: 0.00%

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Diageo (DEO) reports payout ratio above 100% at 106.52%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Coca-Cola Europacific Partners (CCEP) reports 46.62%, ranking against industry peers normally.

CCEP

Food, Beverage & Tobacco industry group

46.62%

Max: 199.19%
Q3: 81.03%
CCEP: 46.62%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

DEO

Food, Beverage & Tobacco industry group

106.52%

Max: 199.19%
DEO: 106.52%
Q3: 81.03%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Coca-Cola Europacific Partners (CCEP) and Diageo (DEO)
Metric	CCEP	DEO
Dividend Yield (TTM)	1.76%	0.50%
Dividend Payout Ratio (TTM)	46.62%	106.52%

Valuation

P/E Ratio (TTM)

Coca-Cola Europacific Partners (CCEP) at 22.42 is near its industry’s usual P/E ratio, while Diageo (DEO) at 31.97 sits in the richer quartile — DEO needs stronger growth or earnings quality to justify the premium.

CCEP

Food, Beverage & Tobacco industry group

22.42

Max: 52.52
Q3: 30.78
CCEP: 22.42
Median: 18.76
Q1: 12.77
Min: 4.72

DEO

Food, Beverage & Tobacco industry group

31.97

Max: 52.52
DEO: 31.97
Q3: 30.78
Median: 18.76
Q1: 12.77
Min: 4.72

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

Both Coca-Cola Europacific Partners (CCEP) at 2.39 and Diageo (DEO) at 2.83 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

CCEP

Food, Beverage & Tobacco industry group

2.39

Max: 4.64
CCEP: 2.39
Q3: 2.27
Median: 1.17
Q1: 0.52
Min: 0.00

DEO

Food, Beverage & Tobacco industry group

2.83

Max: 4.64
DEO: 2.83
Q3: 2.27
Median: 1.17
Q1: 0.52
Min: 0.00

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Coca-Cola Europacific Partners (CCEP) at 5.53 sits in the upper P/B ratio quartile, and Diageo (DEO) at 91.95 prices even higher, above its industry range.

CCEP

Food, Beverage & Tobacco industry group

5.53

Max: 6.35
CCEP: 5.53
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

DEO

Food, Beverage & Tobacco industry group

91.95

DEO: 91.95
Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

Coca-Cola Europacific Partners (CCEP) vs. Diageo (DEO): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for Coca-Cola Europacific Partners (CCEP) and Diageo (DEO)
Metric	CCEP	DEO
P/E Ratio (TTM)	22.42	31.97
P/S Ratio (TTM)	2.39	2.83
P/B Ratio (MRQ)	5.53	91.95
Free Cash Flow Yield (TTM)	3.11%	4.62%