MO vs. PEP: Altria vs. PepsiCo Stock Comparison

July 2, 2026

How do Altria (MO) 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

Altria (MO) and PepsiCo (PEP) both fall under the Food, Beverage & Tobacco industry group, but MO is classified in Tobacco while PEP is classified in Beverages.

Company profile comparison for Altria (MO) and PepsiCo (PEP)
Profile Item	MO	PEP
Name	Altria Group, 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	Tobacco	Beverages
GICS Sub-Industry	Tobacco	Soft Drinks & Non-alcoholic Beverages
Market Capitalization	120.15 billion USD	185.08 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	January 2, 1962	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

PEP

Altria (MO) vs. PepsiCo (PEP): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Altria (MO) and PepsiCo (PEP). Returns over one year are annualized.

Performance Metrics

Price performance metrics for Altria (MO) and PepsiCo (PEP)
Metric	MO	PEP
Total Return (1Y)	31.04%	6.60%

Risk Profile

Drawdown History

PEP

Altria (MO) vs. PepsiCo (PEP): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk Metrics

Risk profile metrics for Altria (MO) and PepsiCo (PEP)
Metric	MO	PEP
Volatility (1Y, Annualized)	23.12%	21.95%
Beta (5Y)	0.46	0.36
Avg. Volume (3M)	8.90M	7.54M

Risk-Adjusted Performance

Risk-Return Positioning

MO 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.

Profitability

ROE (TTM)

Capital efficiency shows on one side only: PepsiCo (PEP) earns 43.88% on shareholders’ equity, ranked against its industry; Altria (MO) has no ROE this period.

MO

Food, Beverage & Tobacco industry group

Max: 37.95%
Q3: 18.99%
Median: 14.93%
Q1: 3.88%
Min: -18.08%
MO: --

PEP

Food, Beverage & Tobacco industry group

43.88%

PEP: 43.88%
Max: 37.95%
Q3: 18.99%
Median: 14.93%
Q1: 3.88%
Min: -18.08%

Altria (MO) vs. PepsiCo (PEP): MO does not report ROE, so it has no value marker; PEP is benchmarked against the Food, Beverage & Tobacco industry group.

Net Margin (TTM)

Altria (MO) at 39.52% converts revenue to bottom-line profit above its industry’s benchmark range, while PepsiCo (PEP) at 9.15% keeps roughly the typical share for its industry.

MO

Food, Beverage & Tobacco industry group

39.52%

MO: 39.52%
Max: 27.80%
Q3: 12.29%
Median: 6.11%
Q1: 1.28%
Min: -7.46%

PEP

Food, Beverage & Tobacco industry group

9.15%

Max: 27.80%
Q3: 12.29%
PEP: 9.15%
Median: 6.11%
Q1: 1.28%
Min: -7.46%

Altria (MO) vs. PepsiCo (PEP): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Altria (MO) at 62.30% turns sales into operating profit above its industry’s benchmark range, while PepsiCo (PEP) at 16.96% operates around its industry’s norm.

MO

Food, Beverage & Tobacco industry group

62.30%

MO: 62.30%
Max: 36.04%
Q3: 17.68%
Median: 10.44%
Q1: 3.65%
Min: -7.33%

PEP

Food, Beverage & Tobacco industry group

16.96%

Max: 36.04%
Q3: 17.68%
PEP: 16.96%
Median: 10.44%
Q1: 3.65%
Min: -7.33%

Altria (MO) vs. PepsiCo (PEP): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Altria (MO) and PepsiCo (PEP)
Metric	MO	PEP
ROE (TTM)	--	43.88%
ROA (TTM)	27.61%	9.09%
Net Margin (TTM)	39.52%	9.15%
Operating Margin (TTM)	62.30%	16.96%
Gross Margin (TTM)	87.38%	54.38%

Growth

Revenue Growth

Altria (MO) vs. PepsiCo (PEP): A comparison of their Revenue Growth across different time periods.

Revenue Growth Metrics

Revenue growth metrics for Altria (MO) and PepsiCo (PEP)
Metric	MO	PEP
Revenue Growth (YoY)	-1.49%	2.25%
Revenue Growth (3Y CAGR)	-0.89%	2.83%

EPS Growth

Altria (MO) vs. PepsiCo (PEP): A comparison of their EPS Growth across different time periods.

EPS Growth Metrics

EPS growth metrics for Altria (MO) and PepsiCo (PEP)
Metric	MO	PEP
EPS Growth (YoY)	-37.00%	-13.67%
EPS Growth (3Y CAGR)	8.90%	-2.23%

Financial Strength

Current Ratio (MRQ)

Both Altria (MO) at 0.62 and PepsiCo (PEP) at 0.90 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

MO

Food, Beverage & Tobacco industry group

0.62

Max: 5.06
Q3: 2.66
Median: 1.60
Q1: 1.05
MO: 0.62
Min: 0.54

PEP

Food, Beverage & Tobacco industry group

0.90

Max: 5.06
Q3: 2.66
Median: 1.60
Q1: 1.05
PEP: 0.90
Min: 0.54

Altria (MO) 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 2.45 against its industry range, while Altria (MO) reports no figure this period.

MO

Food, Beverage & Tobacco industry group

Max: 2.20
Q3: 1.12
Median: 0.70
Q1: 0.35
Min: 0.00
MO: --

PEP

Food, Beverage & Tobacco industry group

2.45

PEP: 2.45
Max: 2.20
Q3: 1.12
Median: 0.70
Q1: 0.35
Min: 0.00

Altria (MO) vs. PepsiCo (PEP): MO 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 Altria (MO) and PepsiCo (PEP)
Metric	MO	PEP
Current Ratio (MRQ)	0.62	0.90
Debt / Equity (MRQ)	--	2.45
Net Debt / EBITDA	1.33	2.24

Dividends

Dividend Yield (TTM)

Altria (MO) at 5.67% delivers top-quartile income for its industry, while PepsiCo (PEP) at 4.10% pays a more typical yield — both are credible income propositions, MO the richer one.

MO

Food, Beverage & Tobacco industry group

5.67%

Max: 10.01%
MO: 5.67%
Q3: 4.23%
Median: 2.71%
Q1: 0.00%
Min: 0.00%

PEP

Food, Beverage & Tobacco industry group

4.10%

Max: 10.01%
Q3: 4.23%
PEP: 4.10%
Median: 2.71%
Q1: 0.00%
Min: 0.00%

Altria (MO) vs. PepsiCo (PEP): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Both Altria (MO) at 87.68% and PepsiCo (PEP) at 89.32% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

MO

Food, Beverage & Tobacco industry group

87.68%

Max: 159.06%
MO: 87.68%
Q3: 86.47%
Median: 44.62%
Q1: 0.00%
Min: 0.00%

PEP

Food, Beverage & Tobacco industry group

89.32%

Max: 159.06%
PEP: 89.32%
Q3: 86.47%
Median: 44.62%
Q1: 0.00%
Min: 0.00%

Altria (MO) vs. PepsiCo (PEP): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Altria (MO) and PepsiCo (PEP)
Metric	MO	PEP
Dividend Yield (TTM)	5.67%	4.10%
Dividend Payout Ratio (TTM)	87.68%	89.32%

Valuation

P/E Ratio (TTM)

Both Altria (MO) at 15.02 and PepsiCo (PEP) at 21.29 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

MO

Food, Beverage & Tobacco industry group

15.02

Max: 47.93
Q3: 29.08
Median: 18.25
MO: 15.02
Q1: 11.32
Min: 5.61

PEP

Food, Beverage & Tobacco industry group

21.29

Max: 47.93
Q3: 29.08
PEP: 21.29
Median: 18.25
Q1: 11.32
Min: 5.61

Altria (MO) 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 1.94 prices around its industry’s typical P/S ratio, while Altria (MO) at 5.90 clears its benchmark range — MO looks notably rich on sales.

MO

Food, Beverage & Tobacco industry group

5.90

MO: 5.90
Max: 5.21
Q3: 2.44
Median: 0.95
Q1: 0.53
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

1.94

Max: 5.21
Q3: 2.44
PEP: 1.94
Median: 0.95
Q1: 0.53
Min: 0.00

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

P/B Ratio (MRQ)

Altria (MO) reports a negative P/B ratio of -37.43, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile PepsiCo (PEP) reports 8.66, ranking against industry peers normally.

MO

Food, Beverage & Tobacco industry group

-37.43

Max: 6.01
Q3: 3.17
Median: 1.68
Q1: 0.90
Min: 0.00
MO: -37.43

PEP

Food, Beverage & Tobacco industry group

8.66

PEP: 8.66
Max: 6.01
Q3: 3.17
Median: 1.68
Q1: 0.90
Min: 0.00

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

Valuation Metrics

Valuation metrics for Altria (MO) and PepsiCo (PEP)
Metric	MO	PEP
P/E Ratio (TTM)	15.02	21.29
P/S Ratio (TTM)	5.90	1.94
P/B Ratio (MRQ)	-37.43	8.66
Free Cash Flow Yield (TTM)	7.11%	4.73%