KDP · Keurig Dr Pepper Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.98B | - | $4.31B | $4.16B | $3.63B | - | $3.89B | $3.92B | $3.47B | - |
| Cost of Revenue | $1.88B | - | $1.97B | $1.91B | $1.65B | - | $1.75B | $1.75B | $1.53B | - |
| Gross Profit | $2.10B | - | $2.34B | $2.25B | $1.99B | - | $2.14B | $2.17B | $1.94B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.34B | - | $1.34B | $1.36B | $1.19B | - | $1.25B | $1.29B | $1.18B | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $114.00M | - | - | - | $106.00M | - | - | - | $101.00M | - |
| Operating Income | $756.00M | - | $995.00M | $898.00M | $801.00M | - | $902.00M | $861.00M | $765.00M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $87.00M | - | $190.00M | $171.00M | $143.00M | - | $186.00M | $157.00M | $140.00M | - |
| Net Income | $270.00M | - | $662.00M | $547.00M | $517.00M | - | $616.00M | $515.00M | $454.00M | - |
| EPS - Basic | $0.20 | - | $0.49 | $0.40 | $0.38 | - | $0.45 | $0.38 | $0.33 | - |
| EPS - Diluted | $0.20 | - | $0.49 | $0.40 | $0.38 | - | $0.45 | $0.38 | $0.33 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $898.00M | $1.03B | $516.00M | $509.00M | $653.00M | $510.00M | $552.00M | $438.00M | $317.00M | $267.00M |
| Accounts Receivable | $1.54B | $1.67B | $1.50B | $1.50B | $1.33B | $1.50B | $1.45B | $1.39B | $1.31B | $1.37B |
| Inventory | $1.83B | $1.73B | $1.84B | $1.74B | $1.54B | $1.30B | $1.35B | $1.25B | $1.20B | $1.14B |
| Accounts Payable | $2.84B | $3.00B | $2.99B | $3.11B | $3.15B | $2.98B | $3.13B | $3.10B | $3.19B | $3.60B |
| Current Assets | $23.13B | $5.27B | $4.70B | $4.61B | $4.35B | $4.00B | $4.10B | $3.82B | $3.57B | $3.38B |
| Total Assets | $73.14B | $55.46B | $54.60B | $54.37B | $53.70B | $53.43B | $52.72B | $52.34B | $52.29B | $52.13B |
| Current Liabilities | $10.03B | $8.29B | $7.53B | $7.22B | $9.17B | $8.09B | $7.70B | $7.51B | $7.00B | $8.92B |
| Long-term Debt | $20.89B | $13.04B | $13.53B | $13.92B | $11.93B | $12.91B | $12.41B | $12.41B | $12.93B | $9.95B |
| Total Liabilities | $39.54B | $29.94B | $29.28B | $29.38B | $29.25B | $29.19B | $27.75B | $27.63B | $27.63B | $26.45B |
| Stockholders' Equity | $25.26B | $25.52B | $25.32B | $24.98B | $24.45B | $24.24B | $24.97B | $24.72B | $24.65B | $25.68B |
| Retained Earnings | $5.58B | $5.62B | $5.58B | $5.23B | $5.00B | $4.79B | $5.25B | $4.94B | $4.72B | $4.56B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $281.00M | - | - | - | $209.00M | - | - | - | $85.00M | - |
| Investing Cash Flow | ($98.00M) | - | - | - | ($57.00M) | - | - | - | ($193.00M) | - |
| Financing Cash Flow | $17.64B | - | - | - | ($7.00M) | - | - | - | $158.00M | - |
| CapEx | $116.00M | - | - | - | $120.00M | - | - | - | $158.00M | - |
| Free Cash Flow | $165.00M | - | - | - | $89.00M | - | - | - | ($73.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 52.8% | - | 54.3% | 54.2% | 54.6% | - | 55.0% | 55.4% | 55.9% | - |
| Operating margin | 19.0% | - | 23.1% | 21.6% | 22.0% | - | 23.2% | 22.0% | 22.1% | - |
| EBITDA margin | 21.9% | - | - | - | 25.0% | - | - | - | 25.0% | - |
| Net margin | 6.8% | - | 15.4% | 13.1% | 14.2% | - | 15.8% | 13.1% | 13.1% | - |
| Free cash flow margin | 4.1% | - | - | - | 2.4% | - | - | - | -2.1% | - |
| FCF / Net income | 0.61 | - | - | - | 0.17 | - | - | - | -0.16 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 33.8% | - | 31.2% | 32.6% | 32.8% | - | 32.0% | 33.0% | 33.9% | - |
| Effective tax rate | 24.4% | - | 22.3% | 23.8% | 21.7% | - | 23.2% | 23.4% | 23.6% | - |
| Return on assets | 0.4% | - | 1.2% | 1.0% | 1.0% | - | 1.2% | 1.0% | 0.9% | - |
| Return on equity | 1.1% | - | 2.6% | 2.2% | 2.1% | - | 2.5% | 2.1% | 1.8% | - |
| Return on invested capital | 1.2% | - | 2.0% | 1.8% | 1.7% | - | 1.9% | 1.8% | 1.6% | - |
| Liquidity | ||||||||||
| Current ratio | 2.31 | 0.64 | 0.62 | 0.64 | 0.47 | 0.49 | 0.53 | 0.51 | 0.51 | 0.38 |
| Quick ratio | 2.12 | 0.43 | 0.38 | 0.40 | 0.31 | 0.33 | 0.36 | 0.34 | 0.34 | 0.25 |
| Cash ratio | 0.09 | 0.12 | 0.07 | 0.07 | 0.07 | 0.06 | 0.07 | 0.06 | 0.05 | 0.03 |
| Leverage | ||||||||||
| Debt / Equity | 0.83 | 0.51 | 0.53 | 0.56 | 0.49 | 0.53 | 0.50 | 0.50 | 0.52 | 0.39 |
| Debt / Assets | 0.29 | 0.24 | 0.25 | 0.26 | 0.22 | 0.24 | 0.24 | 0.24 | 0.25 | 0.19 |
| Debt / EBITDA | 24.01 | - | - | - | 13.15 | - | - | - | 14.93 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.90 | 2.17 | 2.16 | 2.18 | 2.20 | 2.20 | 2.11 | 2.12 | 2.12 | 2.03 |
| Liabilities / Assets | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.55 | 0.53 | 0.53 | 0.53 | 0.51 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.08 | 0.08 | 0.07 | - | 0.07 | 0.07 | 0.07 | - |
| Inventory turnover | 1.03 | - | 1.07 | 1.10 | 1.07 | - | 1.30 | 1.40 | 1.27 | - |
| Days sales outstanding | 141d | - | 127d | 131d | 133d | - | 136d | 129d | 138d | - |
| Days inventory outstanding | 355d | - | 342d | 333d | 340d | - | 282d | 261d | 288d | - |
| Days payable outstanding | 553d | - | 556d | 596d | 698d | - | 653d | 646d | 761d | - |
| Cash conversion cycle | -56d | - | -87d | -131d | -224d | - | -236d | -256d | -336d | - |
| Valuation | ||||||||||
| P / E | 131.6x | - | 52.1x | 82.7x | 90.1x | - | 83.3x | 87.9x | 92.9x | - |
| P / B | 1.4x | - | 1.4x | 1.8x | 1.9x | - | 2.0x | 1.8x | 1.7x | - |
| P / S | 9.0x | - | 8.1x | 10.8x | 12.8x | - | 13.1x | 11.6x | 12.3x | - |
| EV / EBITDA | 64.3x | - | - | - | 63.8x | - | - | - | 63.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.4% | - | 10.7% | 6.1% | 4.8% | - | 2.3% | 3.5% | 3.4% | - |
| Revenue CAGR (3y) | 5.8% | - | 5.9% | 5.4% | 5.7% | - | 6.2% | 7.7% | 6.1% | - |
| Revenue CAGR (5y) | 6.5% | - | 7.4% | 7.8% | 6.8% | - | 6.3% | 6.9% | 6.7% | - |
| Gross profit growth (YoY) | 5.7% | - | 9.3% | 3.8% | 2.3% | - | 1.4% | 6.4% | 11.2% | - |
| Operating income growth (YoY) | -5.6% | - | 10.3% | 4.3% | 4.7% | - | 0.7% | 12.0% | 31.0% | - |
| Net income growth (YoY) | -47.8% | - | 7.5% | 6.2% | 13.9% | - | 18.9% | 2.4% | -2.8% | - |
| EPS growth (YoY) | -47.4% | - | 8.9% | 5.3% | 15.2% | - | 21.6% | 5.6% | 0.0% | - |
| EPS CAGR (3y) | -15.4% | - | 55.6% | 38.7% | -2.5% | - | 6.7% | 7.0% | 12.8% | - |
| EPS CAGR (5y) | -2.8% | - | 9.6% | 13.8% | 28.1% | - | 16.5% | 11.6% | 15.6% | - |
| FCF growth (YoY) | 85.4% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | -18.2% | - | - | - | -19.5% | - | - | - | - | - |
| Book value growth (YoY) | 3.3% | 5.3% | 1.4% | 1.1% | -0.8% | -5.6% | -1.6% | -2.2% | -1.8% | 2.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$16.60B totalU.S.Refreshment Beverages$10.44B · 62.9%
U.S.Coffee$3.99B · 24.0%
International$2.17B · 13.1%
Product / service
$14.23B totalLRB$10.14B · 71.3%
KCup Pods$3.21B · 22.6%
Appliances$582.00M · 4.1%
Other Net Sales$295.00M · 2.1%
Geographic
$16.60B totalUS$14.50B · 87.3%
Non Us$2.10B · 12.7%
Peer comparison
Same SIC group: Beverages
Comparing Keurig Dr Pepper Inc. against the 5 most active filers in the same SIC group.
Dividends
$0.92/share trailing 12 months · +1.7% YoY
| Ex-date | Per share |
|---|---|
| Mar 27, 2026 | $0.2300 |
| Jan 2, 2026 | $0.2300 |
| Sep 26, 2025 | $0.2300 |
| Jun 27, 2025 | $0.2300 |
| Mar 28, 2025 | $0.2300 |
| Jan 3, 2025 | $0.2300 |
| Sep 27, 2024 | $0.2300 |
| Jun 28, 2024 | $0.2150 |
| Mar 27, 2024 | $0.2150 |
| Jan 4, 2024 | $0.2150 |
| Sep 28, 2023 | $0.2150 |
| Jun 29, 2023 | $0.2000 |
| Mar 30, 2023 | $0.2000 |
| Jan 5, 2023 | $0.2000 |
| Sep 29, 2022 | $0.2000 |
| Jun 30, 2022 | $0.1880 |
| Mar 31, 2022 | $0.1880 |
| Jan 5, 2022 | $0.1880 |
| Sep 30, 2021 | $0.1880 |
| Jun 30, 2021 | $0.1880 |
| Mar 31, 2021 | $0.1500 |
| Jan 7, 2021 | $0.1500 |
| Oct 1, 2020 | $0.1500 |
| Jul 1, 2020 | $0.1500 |