KDP vs. PEP: Keurig Dr Pepper vs. PepsiCo Stock Comparison

November 11, 2026

How do Keurig Dr Pepper (KDP) 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

Keurig Dr Pepper (KDP) 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 Keurig Dr Pepper (KDP) and PepsiCo (PEP)
Profile Item	KDP	PEP
Name	Keurig Dr Pepper 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	49.85 billion USD	192.61 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	May 7, 2008	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

KDP

PEP

GSPC

Keurig Dr Pepper (KDP) 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 Keurig Dr Pepper (KDP) and PepsiCo (PEP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Keurig Dr Pepper (KDP) and PepsiCo (PEP)
Metric	KDP	PEP
Total Return (1Y)	46.21%	4.03%
Total Return (3Y, Annualized)	9.12%	-1.40%
Total Return (5Y, Annualized)	3.26%	0.55%

Risk Profile

Drawdown History

KDP

PEP

GSPC

Keurig Dr Pepper (KDP) 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 Keurig Dr Pepper (KDP) and PepsiCo (PEP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Keurig Dr Pepper (KDP) and PepsiCo (PEP)
Metric	KDP	PEP
Volatility (1Y, Annualized)	26.92%	21.68%
Beta (5Y)	0.34	0.30
Max Drawdown (5Y)	-31.20%	-30.32%
Avg. Volume (3M)	12.79M	8.86M

Risk-Adjusted Performance

Risk-Return Positioning

KDP 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 Keurig Dr Pepper (KDP) and PepsiCo (PEP)
Metric	KDP	PEP
Sharpe Ratio (1Y)	1.56	-0.01
Sortino Ratio (1Y)	2.46	-0.02

Profitability

ROE (TTM)

PepsiCo (PEP) at 52.19% clears its industry range for ROE, a sharper capital-efficiency signal than Keurig Dr Pepper (KDP) at 6.01%, which is closer to a typical peer reading.

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%

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%

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

Net Margin (TTM)

Both Keurig Dr Pepper (KDP) at 7.12% 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.

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%

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%

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

Operating Margin (TTM)

Keurig Dr Pepper (KDP) at 18.82% operates in the top operating margin quartile, ahead of PepsiCo (PEP) at 16.88%, which runs around its industry’s norm.

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%

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%

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

Profitability Metrics

Profitability metrics for Keurig Dr Pepper (KDP) and PepsiCo (PEP)
Metric	KDP	PEP
ROE (TTM)	6.01%	52.19%
ROA (TTM)	3.62%	9.02%
Net Margin (TTM)	7.12%	11.09%
Operating Margin (TTM)	18.82%	16.88%
Gross Margin (TTM)	49.58%	54.33%

Growth

Revenue Growth

Keurig Dr Pepper (KDP) at 8.16% sits in the top revenue growth quartile, while PepsiCo (PEP) at 2.25% is closer to the peer norm — faster top-line expansion for KDP.

Keurig Dr Pepper (KDP) vs. PepsiCo (PEP): 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 PepsiCo (PEP) at -13.67% is closer to the peer norm — faster per-share earnings growth for KDP.

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

Growth Metrics

Growth metrics for Keurig Dr Pepper (KDP) and PepsiCo (PEP)
Metric	KDP	PEP
Revenue Growth (YoY)	8.16%	2.25%
Revenue Growth (3Y CAGR)	5.71%	2.83%
EPS Growth (YoY)	45.71%	-13.67%
EPS Growth (3Y CAGR)	14.85%	-2.23%

Financial Strength

Current Ratio (MRQ)

Both Keurig Dr Pepper (KDP) at 0.52 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.

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

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

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

Debt / Equity (MRQ)

Keurig Dr Pepper (KDP) at 0.96 is near its industry mid-range for debt-to-equity ratio, while PepsiCo (PEP) at 2.31 sits above its benchmark range, pointing to a heavier debt load relative to equity.

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

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

Keurig Dr Pepper (KDP) 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 Keurig Dr Pepper (KDP) and PepsiCo (PEP)
Metric	KDP	PEP
Current Ratio (MRQ)	0.52	0.94
Debt / Equity (MRQ)	0.96	2.31
Net Debt / EBITDA	6.01	2.12

Dividends

Dividend Yield (TTM)

PepsiCo (PEP) at 4.07% delivers top-quartile income for its industry, while Keurig Dr Pepper (KDP) at 2.49% pays a more typical yield — both are credible income propositions, PEP the richer one.

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%

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%

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

Dividend Payout Ratio (TTM)

PepsiCo (PEP) at 73.02% 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.

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%

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%

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

Dividend Metrics

Dividend metrics for Keurig Dr Pepper (KDP) and PepsiCo (PEP)
Metric	KDP	PEP
Dividend Yield (TTM)	2.49%	4.07%
Dividend Payout Ratio (TTM)	92.93%	73.02%

Valuation

P/E Ratio (TTM)

PepsiCo (PEP) at 17.78 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.

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

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

Keurig Dr Pepper (KDP) 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 Keurig Dr Pepper (KDP) at 2.16 and PepsiCo (PEP) at 1.96 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

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

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

P/B Ratio (MRQ)

Keurig Dr Pepper (KDP) at 1.96 sits near its industry’s typical P/B ratio, while PepsiCo (PEP) at 8.65 prices above its benchmark range — PEP looks rich relative to book.

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

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

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

Valuation Metrics

Valuation metrics for Keurig Dr Pepper (KDP) and PepsiCo (PEP)
Metric	KDP	PEP
P/E Ratio (TTM)	33.00	17.78
P/S Ratio (TTM)	2.16	1.96
P/B Ratio (MRQ)	1.96	8.65
Free Cash Flow Yield (TTM)	9.52%	4.70%