CCEP vs. PEP: Coca-Cola Europacific Partners vs. PepsiCo Stock Comparison

November 11, 2026

How do Coca-Cola Europacific Partners (CCEP) and PepsiCo (PEP) 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 PepsiCo (PEP) are both classified in the Soft Drinks & Non-alcoholic Beverages sub-industry within the broader Beverages industry, placing them in the closest GICS peer bucket.

Company profile comparison for Coca-Cola Europacific Partners (CCEP) and PepsiCo (PEP)
Profile Item	CCEP	PEP
Name	Coca-Cola Europacific Partners PLC	PepsiCo, Inc.
Country/Region	United Kingdom	United States
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	Soft Drinks & Non-alcoholic Beverages
Market Capitalization	50.97 billion USD	192.61 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	November 24, 1986	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CCEP

PEP

GSPC

Coca-Cola Europacific Partners (CCEP) vs. PepsiCo (PEP), 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 PepsiCo (PEP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Coca-Cola Europacific Partners (CCEP) and PepsiCo (PEP). 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 PepsiCo (PEP)
Metric	CCEP	PEP
Total Return (1Y)	30.88%	4.03%
Total Return (3Y, Annualized)	27.90%	-1.40%
Total Return (5Y, Annualized)	18.79%	0.55%

Risk Profile

Drawdown History

CCEP

PEP

GSPC

Coca-Cola Europacific Partners (CCEP) vs. PepsiCo (PEP), 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 PepsiCo (PEP). 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 PepsiCo (PEP)
Metric	CCEP	PEP
Volatility (1Y, Annualized)	23.77%	21.68%
Beta (5Y)	0.53	0.30
Max Drawdown (5Y)	-28.16%	-30.32%
Avg. Volume (3M)	1.74M	8.86M

Risk-Adjusted Performance

Risk-Return Positioning

CCEP and PEP 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 PepsiCo (PEP)
Metric	CCEP	PEP
Sharpe Ratio (1Y)	1.12	-0.01
Sortino Ratio (1Y)	1.73	-0.02

Profitability

ROE (TTM)

Both companies show strong equity returns, but PepsiCo (PEP) at 52.19% is the standout with ROE above its industry range; Coca-Cola Europacific Partners (CCEP) at 23.54% also sits in the top quartile.

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%

PEP

Food, Beverage & Tobacco industry group

52.19%

PEP: 52.19%
Max: 32.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

Coca-Cola Europacific Partners (CCEP) vs. PepsiCo (PEP): 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 PepsiCo (PEP) at 11.09% 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%

PEP

Food, Beverage & Tobacco industry group

11.09%

Max: 24.83%
Q3: 11.22%
PEP: 11.09%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

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

Operating Margin (TTM)

Both Coca-Cola Europacific Partners (CCEP) at 13.40% and PepsiCo (PEP) at 16.88% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

PEP

Food, Beverage & Tobacco industry group

16.88%

Max: 34.91%
Q3: 17.57%
PEP: 16.88%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

Coca-Cola Europacific Partners (CCEP) vs. PepsiCo (PEP): 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 PepsiCo (PEP)
Metric	CCEP	PEP
ROE (TTM)	23.54%	52.19%
ROA (TTM)	5.64%	9.02%
Net Margin (TTM)	9.35%	11.09%
Operating Margin (TTM)	13.40%	16.88%
Gross Margin (TTM)	35.57%	54.33%

Growth

Revenue Growth

Both Coca-Cola Europacific Partners (CCEP) at 2.27% and PepsiCo (PEP) at 2.25% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Coca-Cola Europacific Partners (CCEP) vs. PepsiCo (PEP): 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 PepsiCo (PEP) at -13.67% is closer to the peer norm — faster per-share earnings growth for CCEP.

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

Growth Metrics

Growth metrics for Coca-Cola Europacific Partners (CCEP) and PepsiCo (PEP)
Metric	CCEP	PEP
Revenue Growth (YoY)	2.27%	2.25%
Revenue Growth (3Y CAGR)	6.46%	2.83%
EPS Growth (YoY)	38.31%	-13.67%
EPS Growth (3Y CAGR)	8.99%	-2.23%

Financial Strength

Current Ratio (MRQ)

Both Coca-Cola Europacific Partners (CCEP) at 0.89 and PepsiCo (PEP) at 0.94 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

PEP

Food, Beverage & Tobacco industry group

0.94

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
PEP: 0.94
Min: 0.33

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

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but PEP is more stretched: Coca-Cola Europacific Partners (CCEP) at 1.39 sits in the higher-leverage quartile and PepsiCo (PEP) at 2.31 is above its industry benchmark range.

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

PEP

Food, Beverage & Tobacco industry group

2.31

PEP: 2.31
Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

Coca-Cola Europacific Partners (CCEP) vs. PepsiCo (PEP): 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 PepsiCo (PEP)
Metric	CCEP	PEP
Current Ratio (MRQ)	0.89	0.94
Debt / Equity (MRQ)	1.39	2.31
Net Debt / EBITDA	2.89	2.12

Dividends

Dividend Yield (TTM)

PepsiCo (PEP) at 4.07% delivers top-quartile income for its industry, while Coca-Cola Europacific Partners (CCEP) at 1.76% pays a more typical yield — both are credible income propositions, PEP the richer one.

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%

PEP

Food, Beverage & Tobacco industry group

4.07%

Max: 9.38%
PEP: 4.07%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Coca-Cola Europacific Partners (CCEP) at 46.62% and PepsiCo (PEP) at 73.02% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

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%

PEP

Food, Beverage & Tobacco industry group

73.02%

Max: 199.19%
Q3: 81.03%
PEP: 73.02%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

Coca-Cola Europacific Partners (CCEP) vs. PepsiCo (PEP): 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 PepsiCo (PEP)
Metric	CCEP	PEP
Dividend Yield (TTM)	1.76%	4.07%
Dividend Payout Ratio (TTM)	46.62%	73.02%

Valuation

P/E Ratio (TTM)

Both Coca-Cola Europacific Partners (CCEP) at 22.42 and PepsiCo (PEP) at 17.78 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

PEP

Food, Beverage & Tobacco industry group

17.78

Max: 52.52
Q3: 30.78
Median: 18.76
PEP: 17.78
Q1: 12.77
Min: 4.72

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

P/S Ratio (TTM)

PepsiCo (PEP) at 1.96 is priced about in line with its industry on P/S ratio, while Coca-Cola Europacific Partners (CCEP) at 2.39 sits in the pricier quartile — CCEP costs more per dollar of sales.

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

PEP

Food, Beverage & Tobacco industry group

1.96

Max: 4.64
Q3: 2.27
PEP: 1.96
Median: 1.17
Q1: 0.52
Min: 0.00

Coca-Cola Europacific Partners (CCEP) vs. PepsiCo (PEP): 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 PepsiCo (PEP) at 8.65 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

PEP

Food, Beverage & Tobacco industry group

8.65

PEP: 8.65
Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

Coca-Cola Europacific Partners (CCEP) vs. PepsiCo (PEP): 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 PepsiCo (PEP)
Metric	CCEP	PEP
P/E Ratio (TTM)	22.42	17.78
P/S Ratio (TTM)	2.39	1.96
P/B Ratio (MRQ)	5.53	8.65
Free Cash Flow Yield (TTM)	3.11%	4.70%