COKE vs. PEP: Coca-Cola Consolidated vs. PepsiCo Stock Comparison

November 11, 2026

How do Coca-Cola Consolidated (COKE) 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 Consolidated (COKE) 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 Consolidated (COKE) and PepsiCo (PEP)
Profile Item	COKE	PEP
Name	Coca-Cola Consolidated Inc.	PepsiCo, Inc.
Country/Region	United States	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	13.84 billion USD	192.61 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	February 21, 1973	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

COKE

PEP

GSPC

Coca-Cola Consolidated (COKE) 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 Consolidated (COKE) and PepsiCo (PEP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Coca-Cola Consolidated (COKE) 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 Consolidated (COKE) and PepsiCo (PEP)
Metric	COKE	PEP
Total Return (1Y)	46.60%	4.03%
Total Return (3Y, Annualized)	45.46%	-1.40%
Total Return (5Y, Annualized)	37.59%	0.55%

Risk Profile

Drawdown History

COKE

PEP

GSPC

Coca-Cola Consolidated (COKE) 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 Consolidated (COKE) 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 Consolidated (COKE) and PepsiCo (PEP)
Metric	COKE	PEP
Volatility (1Y, Annualized)	37.13%	21.68%
Beta (5Y)	0.63	0.30
Max Drawdown (5Y)	-35.52%	-30.32%
Avg. Volume (3M)	510.01K	8.86M

Risk-Adjusted Performance

Risk-Return Positioning

COKE 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 Consolidated (COKE) and PepsiCo (PEP)
Metric	COKE	PEP
Sharpe Ratio (1Y)	1.14	-0.01
Sortino Ratio (1Y)	1.56	-0.02

Profitability

ROE (TTM)

Both Coca-Cola Consolidated (COKE) at 90.03% and PepsiCo (PEP) at 52.19% turn shareholders’ equity into profit at rates above their industry benchmark ranges for ROE. That is a strong capital-efficiency signal, though leverage and the equity base still matter.

COKE

Food, Beverage & Tobacco industry group

90.03%

COKE: 90.03%
Max: 32.02%
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 Consolidated (COKE) vs. PepsiCo (PEP): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

Both Coca-Cola Consolidated (COKE) at 7.49% 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.

COKE

Food, Beverage & Tobacco industry group

7.49%

Max: 24.83%
Q3: 11.22%
COKE: 7.49%
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 Consolidated (COKE) vs. PepsiCo (PEP): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Both Coca-Cola Consolidated (COKE) at 13.65% and PepsiCo (PEP) at 16.88% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

COKE

Food, Beverage & Tobacco industry group

13.65%

Max: 34.91%
Q3: 17.57%
COKE: 13.65%
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 Consolidated (COKE) vs. PepsiCo (PEP): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Coca-Cola Consolidated (COKE) and PepsiCo (PEP)
Metric	COKE	PEP
ROE (TTM)	90.03%	52.19%
ROA (TTM)	12.41%	9.02%
Net Margin (TTM)	7.49%	11.09%
Operating Margin (TTM)	13.65%	16.88%
Gross Margin (TTM)	38.90%	54.33%

Growth

Revenue Growth

Both Coca-Cola Consolidated (COKE) at 4.76% 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 Consolidated (COKE) vs. PepsiCo (PEP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Coca-Cola Consolidated (COKE) at -2.63% and PepsiCo (PEP) at -13.67% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Coca-Cola Consolidated (COKE) and PepsiCo (PEP)
Metric	COKE	PEP
Revenue Growth (YoY)	4.76%	2.25%
Revenue Growth (3Y CAGR)	5.24%	2.83%
EPS Growth (YoY)	-2.63%	-13.67%
EPS Growth (3Y CAGR)	14.19%	-2.23%

Financial Strength

Current Ratio (MRQ)

Coca-Cola Consolidated (COKE) at 1.33 keeps current ratio within its industry’s typical mid-range, while PepsiCo (PEP) at 0.94 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PEP.

COKE

Food, Beverage & Tobacco industry group

1.33

Max: 4.01
Q3: 2.35
Median: 1.53
COKE: 1.33
Q1: 1.02
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 Consolidated (COKE) vs. PepsiCo (PEP): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: PepsiCo (PEP) carries debt-to-equity ratio of 2.31 against its industry range, while Coca-Cola Consolidated (COKE) reports no figure this period.

COKE

Food, Beverage & Tobacco industry group

Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00
COKE: --

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 Consolidated (COKE) vs. PepsiCo (PEP): COKE does not report debt-to-equity ratio, so it has no value marker; PEP is benchmarked against the Food, Beverage & Tobacco industry group.

Financial Strength Metrics

Financial strength metrics for Coca-Cola Consolidated (COKE) and PepsiCo (PEP)
Metric	COKE	PEP
Current Ratio (MRQ)	1.33	0.94
Debt / Equity (MRQ)	--	2.31
Net Debt / EBITDA	1.85	2.12

Dividends

Dividend Yield (TTM)

PepsiCo (PEP) at 4.07% delivers top-quartile income for its industry, while Coca-Cola Consolidated (COKE) at 0.47% pays a more typical yield — both are credible income propositions, PEP the richer one.

COKE

Food, Beverage & Tobacco industry group

0.47%

Max: 9.38%
Q3: 3.77%
Median: 1.76%
COKE: 0.47%
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 Consolidated (COKE) vs. PepsiCo (PEP): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Both Coca-Cola Consolidated (COKE) at 11.74% 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.

COKE

Food, Beverage & Tobacco industry group

11.74%

Max: 199.19%
Q3: 81.03%
Median: 41.52%
COKE: 11.74%
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 Consolidated (COKE) vs. PepsiCo (PEP): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Coca-Cola Consolidated (COKE) and PepsiCo (PEP)
Metric	COKE	PEP
Dividend Yield (TTM)	0.47%	4.07%
Dividend Payout Ratio (TTM)	11.74%	73.02%

Valuation

P/E Ratio (TTM)

Both Coca-Cola Consolidated (COKE) at 24.40 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.

COKE

Food, Beverage & Tobacco industry group

24.40

Max: 52.52
Q3: 30.78
COKE: 24.40
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 Consolidated (COKE) vs. PepsiCo (PEP): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Coca-Cola Consolidated (COKE) at 1.78 and PepsiCo (PEP) at 1.96 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

COKE

Food, Beverage & Tobacco industry group

1.78

Max: 4.64
Q3: 2.27
COKE: 1.78
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 Consolidated (COKE) vs. PepsiCo (PEP): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

Coca-Cola Consolidated (COKE) reports a negative P/B ratio of -40.73, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile PepsiCo (PEP) reports 8.65, ranking against industry peers normally.

COKE

Food, Beverage & Tobacco industry group

-40.73

Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00
COKE: -40.73

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 Consolidated (COKE) 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 Consolidated (COKE) and PepsiCo (PEP)
Metric	COKE	PEP
P/E Ratio (TTM)	24.40	17.78
P/S Ratio (TTM)	1.78	1.96
P/B Ratio (MRQ)	-40.73	8.65
Free Cash Flow Yield (TTM)	2.66%	4.70%