What is Keurig Dr Pepper Inc's earnings per share (EPS)?

Keurig Dr Pepper Inc (KDP) reported diluted earnings per share of $1.53 for fiscal year 2025. This represents a 45.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Keurig Dr Pepper Inc Financials

KDP

FY2025 annual

Revenue $16.6B +8.2% YoY

Net Income $2.1B +44.3% YoY

EPS (Diluted) $1.53 +45.7% YoY

Free Cash Flow $1.5B -9.1% YoY

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Keurig Dr Pepper Inc (KDP) reported $16.6B in revenue for fiscal year 2025, up 8.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI KDP FY2025 2026-04-23

Stable gross economics are supporting earnings recovery, while free cash flow is increasingly spoken for by dividends and working capital.

In FY2025, free cash flow of $1.5B covered dividends paid of $1.25B, leaving limited discretionary cash after shareholder distributions. That helps explain why buybacks nearly disappeared despite higher reported profit: repurchases fell to $9M from $1.11B in FY2024, showing that cash conversion, not earnings alone, is the tighter constraint.

From FY2023 through FY2025, gross margin stayed relatively tight, landing at 54.2% in FY2025 after 55.6% in FY2024. Meanwhile, operating margin rebounded to 21.5% from 16.9%, which points to below-gross-profit cost pressure easing rather than the core economics of each sale deteriorating.

Even after cash rose to $1.03B, the business still carried $8.29B of current liabilities, so liquidity depends more on steady operating inflows than on a large cash buffer. Goodwill of $20.2B against equity of $25.5B also means much of book value is intangible, making the balance sheet less tangible than the headline equity figure suggests.

Financial Health Signals

Financial Health Score 51/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Keurig Dr Pepper Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Keurig Dr Pepper Inc has an operating margin of 21.5%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 88/100, reflecting efficient cost management and pricing power. This is up from 16.9% the prior year.

Growth

Keurig Dr Pepper Inc's revenue grew 8.2% year-over-year to $16.6B, a solid pace of expansion. This earns a growth score of 54/100.

Leverage

Keurig Dr Pepper Inc has elevated debt relative to equity (D/E of 0.51), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 22/100, reflecting increased financial risk.

Liquidity

Keurig Dr Pepper Inc's current ratio of 0.64 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Keurig Dr Pepper Inc has a free cash flow margin of 9.1%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Keurig Dr Pepper Inc earns a strong 8.2% return on equity (ROE), meaning it generates $8 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 68/100. This is up from 5.9% the prior year.

Altman Z-Score Distress

1.46

Keurig Dr Pepper Inc scores 1.46, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($43.6B) relative to total liabilities ($29.9B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Keurig Dr Pepper Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.96x

For every $1 of reported earnings, Keurig Dr Pepper Inc generates $0.96 in operating cash flow ($2.0B OCF vs $2.1B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$16.6B

YoY+8.2%

5Y CAGR+7.4%

10Y CAGR+10.2%

Keurig Dr Pepper Inc generated $16.6B in revenue in fiscal year 2025. This represents an increase of 8.2% from the prior year.

EBITDA

$4.3B

YoY+32.1%

5Y CAGR+7.2%

10Y CAGR+11.8%

Keurig Dr Pepper Inc's EBITDA was $4.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.1% from the prior year.

Net Income

$2.1B

YoY+44.3%

5Y CAGR+9.4%

10Y CAGR+10.5%

Keurig Dr Pepper Inc reported $2.1B in net income in fiscal year 2025. This represents an increase of 44.3% from the prior year.

EPS (Diluted)

$1.53

YoY+45.7%

5Y CAGR+10.5%

Keurig Dr Pepper Inc earned $1.53 per diluted share (EPS) in fiscal year 2025. This represents an increase of 45.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.5B

YoY-9.1%

5Y CAGR-5.5%

10Y CAGR+6.1%

Keurig Dr Pepper Inc generated $1.5B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 9.1% from the prior year.

Cash & Debt

$1.0B

YoY+101.2%

5Y CAGR+33.7%

10Y CAGR+1.2%

Keurig Dr Pepper Inc held $1.0B in cash against $13.0B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.92

YoY+3.4%

5Y CAGR+8.9%

Keurig Dr Pepper Inc paid $0.92 per share in dividends in fiscal year 2025. This represents an increase of 3.4% from the prior year.

Shares Outstanding

1.36B

YoY+0.1%

5Y CAGR-0.7%

Keurig Dr Pepper Inc had 1.36B shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin

54.2%

YoY-1.4pp

5Y CAGR-1.6pp

10Y CAGR-5.1pp

Keurig Dr Pepper Inc's gross margin was 54.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the prior year.

Operating Margin

21.5%

YoY+4.6pp

5Y CAGR+0.2pp

10Y CAGR+0.9pp

Keurig Dr Pepper Inc's operating margin was 21.5% in fiscal year 2025, reflecting core business profitability. This is up 4.6 percentage points from the prior year.

Net Margin

12.5%

YoY+3.1pp

5Y CAGR+1.1pp

10Y CAGR+0.4pp

Keurig Dr Pepper Inc's net profit margin was 12.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.1 percentage points from the prior year.

Return on Equity

8.2%

YoY+2.2pp

5Y CAGR+2.6pp

10Y CAGR-26.8pp

Keurig Dr Pepper Inc's ROE was 8.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$70.0M

YoY0.0%

5Y CAGR+0.3%

10Y CAGR+13.9%

Keurig Dr Pepper Inc invested $70.0M in research and development in fiscal year 2025. That is unchanged from the prior year.

Share Buybacks

$9.0M

YoY-99.2%

Keurig Dr Pepper Inc spent $9.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.2% from the prior year.

Capital Expenditures

$486.0M

YoY-13.7%

5Y CAGR+1.1%

10Y CAGR+10.5%

Keurig Dr Pepper Inc invested $486.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 13.7% from the prior year.

KDP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

KDP annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$20.1B	$16.6B+8.2%	$15.4B+3.6%	$14.8B+5.4%	$14.1B+10.8%	$12.7B+9.2%	$11.6B+4.5%	$11.1B+49.4%	$7.4B+74.3%	$4.3B-33.7%	$6.4B+2.5%	$6.3B+2.6%	$6.1B+2.1%	$6.0B0.0%	$6.0B+1.6%	$5.9B
Cost of Revenue	$10.2B	$7.6B+11.5%	$6.8B+1.3%	$6.7B0.0%	$6.7B+18.0%	$5.7B+11.2%	$5.1B+7.4%	$4.8B+34.2%	$3.6B+60.0%	$2.2B-13.8%	$2.6B+0.9%	$2.6B+2.7%	$2.5B-0.3%	$2.5B0.0%	$2.5B+0.6%	$2.5B
Gross Profit	$9.9B	$9.0B+5.5%	$8.5B+5.6%	$8.1B+10.3%	$7.3B+5.0%	$7.0B+7.6%	$6.5B+2.3%	$6.3B+63.4%	$3.9B-2.8%	$4.0B+3.6%	$3.9B+3.6%	$3.7B+2.6%	$3.6B+3.8%	$3.5B+0.1%	$3.5B+2.3%	$3.4B
R&D Expenses	N/A	$70.0M0.0%	$70.0M+6.1%	$66.0M+1.5%	$65.0M-1.5%	$66.0M-4.3%	$69.0M-14.8%	$81.0M+26.6%	$64.0M+220.0%	$20.0M0.0%	$20.0M+5.3%	$19.0M+5.6%	$18.0M-14.3%	$21.0M0.0%	$21.0M+40.0%	$15.0M
SG&A Expenses	$6.5B	$5.4B+6.7%	$5.0B+2.1%	$4.9B+5.7%	$4.6B+11.8%	$4.2B+4.4%	$4.0B+0.4%	$4.0B+50.4%	$2.6B+3.1%	$2.6B+9.7%	$2.3B+0.7%	$2.3B-0.9%	$2.3B+2.7%	$2.3B+0.2%	$2.3B+0.5%	$2.3B
Operating Income	$3.3B	$3.6B+38.0%	$2.6B-18.8%	$3.2B+22.5%	$2.6B-10.0%	$2.9B+16.7%	$2.5B+4.3%	$2.4B+92.2%	$1.2B-10.9%	$1.4B-3.1%	$1.4B+10.4%	$1.3B+10.0%	$1.2B+12.8%	$1.0B-4.2%	$1.1B+6.6%	$1.0B
Interest Expense	N/A	N/A	N/A	$496.0M-28.4%	$693.0M+38.6%	$500.0M-17.2%	$604.0M-7.6%	$654.0M+63.1%	$401.0M+144.5%	$164.0M+11.6%	$147.0M+25.6%	$117.0M+7.3%	$109.0M-11.4%	$123.0M-1.6%	$125.0M+9.6%	$114.0M
Income Tax	$476.0M	$608.0M+28.5%	$473.0M-17.9%	$576.0M+102.8%	$284.0M-56.5%	$653.0M+52.6%	$428.0M-2.7%	$440.0M+117.8%	$202.0M+112.6%	$95.0M-78.1%	$434.0M+3.3%	$420.0M+13.2%	$371.0M+558.0%	-$81.0M-123.2%	$349.0M+9.1%	$320.0M
Net Income	$1.4B	$2.1B+44.3%	$1.4B-33.9%	$2.2B+51.9%	$1.4B-33.1%	$2.1B+62.0%	$1.3B+5.7%	$1.3B+114.0%	$586.0M-45.5%	$1.1B+27.0%	$847.0M+10.9%	$764.0M+8.7%	$703.0M+12.7%	$624.0M-0.8%	$629.0M+3.8%	$606.0M
EPS (Diluted)	—	$1.53+45.7%	$1.05-32.3%	$1.55+53.5%	$1.01-32.7%	$1.50+61.3%	$0.93+5.7%	$0.88+66.0%	$0.53	$5.89+29.7%	$4.54+14.4%	$3.97+11.5%	$3.56+16.7%	$3.05+3.0%	$2.96+8.0%	$2.74

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$7.3B+83.8%	$4.0B-11.6%	$4.5B+4.5%	$4.3B+3.4%	$4.2B+14.5%	$3.6B-10.7%	$4.1B+4.6%	$3.9B
Cost of Revenue	$4.2B+125.9%	$1.9B-9.7%	$2.1B+5.8%	$2.0B+3.0%	$1.9B+15.6%	$1.6B-8.0%	$1.8B+2.4%	$1.8B
Gross Profit	$3.1B+46.1%	$2.1B-13.3%	$2.4B+3.4%	$2.3B+3.8%	$2.3B+13.6%	$2.0B-12.8%	$2.3B+6.4%	$2.1B
SG&A Expenses	$2.4B+78.6%	$1.3B-8.0%	$1.5B+8.6%	$1.3B-0.9%	$1.4B+13.8%	$1.2B-8.1%	$1.3B+4.2%	$1.2B
Operating Income	$628.0M-16.9%	$756.0M-14.2%	$881.0M-11.5%	$995.0M+10.8%	$898.0M+12.1%	$801.0M+1171.4%	$63.0M-93.0%	$902.0M
Interest Expense	-$336.0M-19.6%	-$281.0M	N/A	-$188.0M-4.4%	-$180.0M-21.6%	-$148.0M	N/A	-$106.0M
Income Tax	$95.0M+9.2%	$87.0M-16.3%	$104.0M-45.3%	$190.0M+11.1%	$171.0M+19.6%	$143.0M+1530.0%	-$10.0M-105.4%	$186.0M
Net Income	$142.0M-47.4%	$270.0M-23.5%	$353.0M-46.7%	$662.0M+21.0%	$547.0M+5.8%	$517.0M+459.0%	-$144.0M-123.4%	$616.0M
EPS (Diluted)	$0.04	$0.20	N/A	$0.49+22.5%	$0.40+5.3%	$0.38	N/A	$0.45

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

KDP Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

KDP annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$55.5B+3.8%	$53.4B+2.5%	$52.1B+0.6%	$51.8B+2.4%	$50.6B+1.6%	$49.8B+0.5%	$49.5B+1.2%	$48.9B+203.7%	$16.1B+64.5%	$9.8B+10.4%	$8.9B+7.3%	$8.3B+0.8%	$8.2B-8.1%	$8.9B-3.8%	$9.3B
Current Assets	$5.3B+31.7%	$4.0B+18.4%	$3.4B-11.3%	$3.8B+24.4%	$3.1B+28.0%	$2.4B+5.1%	$2.3B+5.3%	$2.2B+55.3%	$1.4B-49.2%	$2.7B+50.6%	$1.8B+50.0%	$1.2B+8.2%	$1.1B-16.2%	$1.3B-24.0%	$1.8B
Cash & Equivalents	$1.0B+101.2%	$510.0M+91.0%	$267.0M-50.1%	$535.0M-5.6%	$567.0M+136.3%	$240.0M+220.0%	$75.0M-9.6%	$83.0M+25.8%	$66.0M-96.3%	$1.8B+96.2%	$911.0M+284.4%	$237.0M+54.9%	$153.0M-58.2%	$366.0M-47.8%	$701.0M
Inventory	$1.7B+33.4%	$1.3B+13.7%	$1.1B-13.1%	$1.3B+47.0%	$894.0M+17.3%	$762.0M+16.5%	$654.0M+4.5%	$626.0M+32.1%	$474.0M+134.7%	$202.0M-3.3%	$209.0M+2.5%	$204.0M+2.0%	$200.0M+1.5%	$197.0M-7.1%	$212.0M
Accounts Receivable	$1.7B+11.3%	$1.5B+9.8%	$1.4B-7.8%	$1.5B+29.3%	$1.1B+9.5%	$1.0B-6.0%	$1.1B-3.0%	$1.1B+157.3%	$447.0M-24.9%	$595.0M+4.4%	$570.0M+2.5%	$556.0M-1.4%	$564.0M+2.2%	$552.0M-5.6%	$585.0M
Goodwill	$20.2B+1.0%	$20.1B-0.7%	$20.2B+0.6%	$20.1B-0.5%	$20.2B0.0%	$20.2B+0.1%	$20.2B+0.8%	$20.0B+103.6%	$9.8B+228.4%	$3.0B+0.2%	$3.0B-0.1%	$3.0B+0.1%	$3.0B+0.2%	$3.0B+0.1%	$3.0B
Total Liabilities	$29.9B+2.6%	$29.2B+10.3%	$26.5B-1.0%	$26.7B+4.2%	$25.6B-1.2%	$25.9B-1.2%	$26.3B-0.5%	$26.4B+191.2%	$9.1B+18.3%	$7.7B+14.5%	$6.7B+12.0%	$6.0B+0.8%	$5.9B-10.9%	$6.6B-5.3%	$7.0B
Current Liabilities	$8.3B+2.5%	$8.1B-9.3%	$8.9B+10.4%	$8.1B+24.5%	$6.5B-15.7%	$7.7B+18.8%	$6.5B+13.5%	$5.7B+197.9%	$1.9B+82.1%	$1.1B-33.6%	$1.6B+52.5%	$1.0B+0.8%	$1.0B-16.4%	$1.2B-35.7%	$1.9B
Long-Term Debt	$13.0B+1.0%	$12.9B+29.8%	$9.9B-10.2%	$11.1B-4.4%	$11.6B+3.9%	$11.1B-13.1%	$12.8B-9.7%	$14.2B+288.0%	$3.7B-18.1%	$4.5B+55.4%	$2.9B+11.4%	$2.6B+2.9%	$2.5B-1.8%	$2.6B+13.6%	$2.2B
Total Equity	$25.5B+5.3%	$24.2B-5.6%	$25.7B+2.2%	$25.1B+0.6%	$25.0B+4.8%	$23.8B+2.5%	$23.3B+3.2%	$22.5B+230.0%	$6.8B+220.0%	$2.1B-2.2%	$2.2B-4.8%	$2.3B+0.7%	$2.3B-0.1%	$2.3B+0.8%	$2.3B
Retained Earnings	$5.6B+17.3%	$4.8B+5.1%	$4.6B+28.8%	$3.5B+10.6%	$3.2B+55.2%	$2.1B+30.3%	$1.6B+34.3%	$1.2B+249.6%	$337.0M-85.1%	$2.3B+4.7%	$2.2B+22.2%	$1.8B+27.1%	$1.4B+29.0%	$1.1B+45.9%	$740.0M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$87.6B+19.8%	$73.1B+31.9%	$55.5B+1.6%	$54.6B+0.4%	$54.4B+1.2%	$53.7B+0.5%	$53.4B+1.4%	$52.7B
Current Assets	$9.5B-59.1%	$23.1B+339.3%	$5.3B+12.0%	$4.7B+2.1%	$4.6B+6.0%	$4.3B+8.7%	$4.0B-2.6%	$4.1B
Cash & Equivalents	$1.5B+68.9%	$898.0M-12.5%	$1.0B+98.8%	$516.0M+1.4%	$509.0M-22.1%	$653.0M+28.0%	$510.0M-7.6%	$552.0M
Inventory	$3.9B+110.9%	$1.8B+5.5%	$1.7B-5.8%	$1.8B+5.7%	$1.7B+13.1%	$1.5B+18.5%	$1.3B-3.8%	$1.4B
Accounts Receivable	$2.4B+57.4%	$1.5B-7.9%	$1.7B+11.6%	$1.5B-0.1%	$1.5B+12.7%	$1.3B-11.5%	$1.5B+3.7%	$1.4B
Goodwill	$29.8B+47.3%	$20.2B-0.2%	$20.2B+0.2%	$20.2B-0.1%	$20.2B+0.8%	$20.1B0.0%	$20.1B-0.1%	$20.1B
Total Liabilities	$54.0B+36.5%	$39.5B+32.1%	$29.9B+2.3%	$29.3B-0.3%	$29.4B+0.4%	$29.3B+0.2%	$29.2B+5.2%	$27.7B
Current Liabilities	$19.7B+96.9%	$10.0B+20.9%	$8.3B+10.1%	$7.5B+4.2%	$7.2B-21.3%	$9.2B+13.4%	$8.1B+5.0%	$7.7B
Long-Term Debt	$21.6B+3.3%	$20.9B+60.3%	$13.0B-3.7%	$13.5B-2.8%	$13.9B+16.7%	$11.9B-7.6%	$12.9B+4.0%	$12.4B
Total Equity	$25.0B-0.9%	$25.3B-1.0%	$25.5B+0.8%	$25.3B+1.4%	$25.0B+2.2%	$24.4B+0.8%	$24.2B-2.9%	$25.0B
Retained Earnings	$5.3B-4.6%	$5.6B-0.7%	$5.6B+0.7%	$5.6B+6.7%	$5.2B+4.7%	$5.0B+4.3%	$4.8B-8.7%	$5.2B

KDP Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

KDP annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$2.5B	$2.0B-10.3%	$2.2B+67.0%	$1.3B-53.2%	$2.8B-1.3%	$2.9B+17.0%	$2.5B-0.7%	$2.5B+53.4%	$1.6B+55.4%	$1.0B+8.0%	$961.0M-5.2%	$1.0B-0.8%	$1.0B+18.0%	$866.0M+79.7%	$482.0M-38.4%	$783.0M
Capital Expenditures	$557.0M	$486.0M-13.7%	$563.0M+32.5%	$425.0M+20.4%	$353.0M-16.5%	$423.0M-8.2%	$461.0M+39.7%	$330.0M+83.3%	$180.0M-10.9%	$202.0M+12.2%	$180.0M+0.6%	$179.0M+5.3%	$170.0M-5.0%	$179.0M-17.5%	$217.0M-8.8%	$238.0M
Free Cash Flow	$2.0B	$1.5B-9.1%	$1.7B+83.2%	$904.0M-63.6%	$2.5B+1.3%	$2.5B+22.9%	$2.0B-6.9%	$2.1B+49.6%	$1.4B+71.4%	$836.0M+7.0%	$781.0M-6.5%	$835.0M-2.0%	$852.0M+24.0%	$687.0M+159.2%	$265.0M-51.4%	$545.0M
Investing Cash Flow	-$17.2B	-$573.0M+64.5%	-$1.6B-105.9%	-$784.0M+30.9%	-$1.1B-640.5%	$210.0M+166.5%	-$316.0M-110.7%	-$150.0M+99.2%	-$19.1B-985.1%	-$1.8B-832.8%	-$189.0M+2.6%	-$194.0M-4.9%	-$185.0M+5.1%	-$195.0M+10.1%	-$217.0M+9.6%	-$240.0M
Financing Cash Flow	$16.0B	-$999.0M-348.0%	-$223.0M+73.2%	-$832.0M+51.9%	-$1.7B+37.4%	-$2.8B-38.8%	-$2.0B+15.8%	-$2.4B-113.4%	$17.6B+2037.9%	-$907.0M-939.8%	$108.0M+178.8%	-$137.0M+81.7%	-$747.0M+15.1%	-$880.0M-45.9%	-$603.0M-296.7%	-$152.0M
Dividends Paid	$1.2B	$1.3B+4.7%	$1.2B+4.6%	$1.1B+5.7%	$1.1B+13.1%	$955.0M+12.9%	$846.0M+0.2%	$844.0M+263.8%	$232.0M+321.8%	$55.0M-85.8%	$386.0M+8.7%	$355.0M+12.0%	$317.0M+5.0%	$302.0M+6.3%	$284.0M+13.1%	$251.0M
Share Buybacks	N/A	$9.0M-99.2%	$1.1B+57.2%	$706.0M+86.3%	$379.0M	$0	$0	N/A	$0-100.0%	$399.0M-23.1%	$519.0M-0.4%	$521.0M+30.3%	$400.0M0.0%	$400.0M0.0%	$400.0M-23.4%	$522.0M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$895.0M+218.5%	$281.0M-60.5%	$712.0M+11.4%	$639.0M+48.3%	$431.0M+106.2%	$209.0M-75.4%	$849.0M+35.2%	$628.0M
Capital Expenditures	$181.0M+56.0%	$116.0M-21.6%	$148.0M+32.1%	$112.0M+5.7%	$106.0M-11.7%	$120.0M-27.3%	$165.0M+32.0%	$125.0M
Free Cash Flow	$714.0M+332.7%	$165.0M-70.7%	$564.0M+7.0%	$527.0M+62.2%	$325.0M+265.2%	$89.0M-87.0%	$684.0M+36.0%	$503.0M
Investing Cash Flow	-$16.8B-17043.9%	-$98.0M+46.4%	-$183.0M-63.4%	-$112.0M+49.3%	-$221.0M-287.7%	-$57.0M+94.7%	-$1.1B-414.8%	-$209.0M
Financing Cash Flow	-$1.1B-106.2%	$17.6B+27236.9%	-$65.0M+87.6%	-$525.0M-30.6%	-$402.0M-5642.9%	-$7.0M-102.5%	$281.0M+199.6%	-$282.0M
Dividends Paid	$312.0M0.0%	$312.0M-0.3%	$313.0M+0.3%	$312.0M-0.3%	$313.0M+0.3%	$312.0M+0.3%	$311.0M+6.5%	$292.0M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$9.0M	$0-100.0%	$5.0M	$0

KDP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

KDP annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	54.2%-1.4pp	55.6%+1.0pp	54.5%+2.4pp	52.1%-2.9pp	55.0%-0.8pp	55.8%-1.2pp	57.0%+4.9pp	52.2%-41.4pp	93.6%+33.7pp	59.9%+0.6pp	59.3%0.0pp	59.3%+1.0pp	58.3%0.0pp	58.3%+0.4pp	57.9%
Operating Margin	21.5%+4.6pp	16.9%-4.7pp	21.6%+3.0pp	18.5%-4.3pp	22.8%+1.5pp	21.3%0.0pp	21.4%+4.8pp	16.6%-15.9pp	32.5%+10.3pp	22.3%+1.6pp	20.7%+1.4pp	19.3%+1.8pp	17.4%-0.8pp	18.2%+0.9pp	17.3%
Net Margin	12.5%+3.1pp	9.4%-5.3pp	14.7%+4.5pp	10.2%-6.7pp	16.9%+5.5pp	11.4%+0.1pp	11.3%+3.4pp	7.9%-17.3pp	25.2%+12.0pp	13.2%+1.0pp	12.2%+0.7pp	11.5%+1.1pp	10.4%-0.1pp	10.5%+0.2pp	10.3%
Return on Equity	8.2%+2.2pp	5.9%-2.6pp	8.5%+2.8pp	5.7%-2.9pp	8.6%+3.0pp	5.6%+0.2pp	5.4%+2.8pp	2.6%-13.2pp	15.8%-23.9pp	39.7%+4.7pp	35.0%+4.3pp	30.6%+3.2pp	27.4%-0.2pp	27.6%+0.8pp	26.8%
Return on Assets	3.8%+1.0pp	2.7%-1.5pp	4.2%+1.4pp	2.8%-1.5pp	4.2%+1.6pp	2.7%+0.1pp	2.5%+1.3pp	1.2%-5.5pp	6.7%-2.0pp	8.6%0.0pp	8.6%+0.1pp	8.5%+0.9pp	7.6%+0.6pp	7.0%+0.5pp	6.5%
Current Ratio	0.64+0.1x	0.49+0.1x	0.38-0.1x	0.470.0x	0.47+0.2x	0.310.0x	0.350.0x	0.38-0.3x	0.73-1.9x	2.60+1.5x	1.150.0x	1.17+0.1x	1.090.0x	1.08+0.2x	0.92
Debt-to-Equity	0.510.0x	0.53+0.1x	0.39-0.1x	0.440.0x	0.460.0x	0.47-0.1x	0.55-0.1x	0.63+0.1x	0.54-1.6x	2.09+0.8x	1.32+0.2x	1.120.0x	1.100.0x	1.12+0.1x	0.99
FCF Margin	9.1%-1.7pp	10.8%+4.7pp	6.1%-11.6pp	17.7%-1.7pp	19.3%+2.2pp	17.2%-2.1pp	19.3%0.0pp	19.3%-0.3pp	19.6%+7.4pp	12.1%-1.2pp	13.3%-0.6pp	13.9%+2.5pp	11.5%+7.0pp	4.4%-4.8pp	9.2%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	41.9%-10.8pp	52.8%-1.0pp	53.8%-0.6pp	54.3%+0.2pp	54.2%-0.4pp	54.6%-1.3pp	56.0%+0.9pp	55.0%
Operating Margin	8.6%-10.4pp	19.0%-0.6pp	19.6%-3.5pp	23.1%+1.5pp	21.6%-0.5pp	22.0%+20.5pp	1.6%-21.6pp	23.2%
Net Margin	1.9%-4.9pp	6.8%-1.1pp	7.8%-7.5pp	15.4%+2.2pp	13.1%-1.1pp	14.2%+17.8pp	-3.5%-19.4pp	15.8%
Return on Equity	0.6%-0.5pp	1.1%-0.3pp	1.4%-1.2pp	2.6%+0.4pp	2.2%+0.1pp	2.1%+2.7pp	-0.6%-3.1pp	2.5%
Return on Assets	0.2%-0.2pp	0.4%-0.3pp	0.6%-0.6pp	1.2%+0.2pp	1.0%+0.1pp	1.0%+1.2pp	-0.3%-1.4pp	1.2%
Current Ratio	0.48-1.8x	2.31+1.7x	0.640.0x	0.620.0x	0.64+0.2x	0.470.0x	0.490.0x	0.53
Debt-to-Equity	0.860.0x	0.83+0.3x	0.510.0x	0.530.0x	0.56+0.1x	0.490.0x	0.530.0x	0.50
FCF Margin	9.8%+5.6pp	4.2%-8.4pp	12.5%+0.3pp	12.2%+4.4pp	7.8%+5.4pp	2.5%-14.4pp	16.8%+3.9pp	12.9%

Note: The current ratio is below 1.0 (0.64), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Keurig Dr Pepper Inc Ranks

Frequently Asked Questions

What is Keurig Dr Pepper Inc's annual revenue?

Keurig Dr Pepper Inc (KDP) reported $16.6B in total revenue for fiscal year 2025. This represents a 8.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Keurig Dr Pepper Inc's revenue growing?

Keurig Dr Pepper Inc (KDP) revenue grew by 8.2% year-over-year, from $15.4B to $16.6B in fiscal year 2025.

Is Keurig Dr Pepper Inc profitable?

Yes, Keurig Dr Pepper Inc (KDP) reported a net income of $2.1B in fiscal year 2025, with a net profit margin of 12.5%.

What is Keurig Dr Pepper Inc's EBITDA?

Keurig Dr Pepper Inc (KDP) had EBITDA of $4.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Keurig Dr Pepper Inc have?

As of fiscal year 2025, Keurig Dr Pepper Inc (KDP) had $1.0B in cash and equivalents against $13.0B in long-term debt.

What is Keurig Dr Pepper Inc's gross margin?

Keurig Dr Pepper Inc (KDP) had a gross margin of 54.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Keurig Dr Pepper Inc's operating margin?

Keurig Dr Pepper Inc (KDP) had an operating margin of 21.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Keurig Dr Pepper Inc's net profit margin?

Keurig Dr Pepper Inc (KDP) had a net profit margin of 12.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Keurig Dr Pepper Inc pay dividends?

Yes, Keurig Dr Pepper Inc (KDP) paid $0.92 per share in dividends during fiscal year 2025.

What is Keurig Dr Pepper Inc's return on equity (ROE)?

Keurig Dr Pepper Inc (KDP) has a return on equity of 8.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Keurig Dr Pepper Inc's free cash flow?

Keurig Dr Pepper Inc (KDP) generated $1.5B in free cash flow during fiscal year 2025. This represents a -9.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Keurig Dr Pepper Inc's operating cash flow?

Keurig Dr Pepper Inc (KDP) generated $2.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Keurig Dr Pepper Inc's total assets?

Keurig Dr Pepper Inc (KDP) had $55.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Keurig Dr Pepper Inc's capital expenditures?

Keurig Dr Pepper Inc (KDP) invested $486.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Keurig Dr Pepper Inc spend on research and development?

Keurig Dr Pepper Inc (KDP) invested $70.0M in research and development during fiscal year 2025.

Does Keurig Dr Pepper Inc buy back shares?

Yes, Keurig Dr Pepper Inc (KDP) spent $9.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Keurig Dr Pepper Inc have outstanding?

Keurig Dr Pepper Inc (KDP) had 1.36B shares outstanding as of fiscal year 2025.

What is Keurig Dr Pepper Inc's current ratio?

Keurig Dr Pepper Inc (KDP) had a current ratio of 0.64 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Keurig Dr Pepper Inc's debt-to-equity ratio?

Keurig Dr Pepper Inc (KDP) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Keurig Dr Pepper Inc's return on assets (ROA)?

Keurig Dr Pepper Inc (KDP) had a return on assets of 3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Keurig Dr Pepper Inc's Altman Z-Score?

Keurig Dr Pepper Inc (KDP) has an Altman Z-Score of 1.46, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Keurig Dr Pepper Inc's Piotroski F-Score?

Keurig Dr Pepper Inc (KDP) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Keurig Dr Pepper Inc's earnings high quality?

Keurig Dr Pepper Inc (KDP) has an earnings quality ratio of 0.96x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Keurig Dr Pepper Inc?

Keurig Dr Pepper Inc (KDP) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.