PEP · Pepsico 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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $93.92B | $91.85B | $91.47B | $86.39B | $79.47B | $70.37B |
| Cost of Revenue | $43.07B | $41.74B | $41.88B | $40.58B | $37.08B | $31.80B |
| Gross Profit | $50.86B | $50.11B | $49.59B | $45.82B | $42.40B | $38.58B |
| R&D | $839.00M | $813.00M | $804.00M | $771.00M | $752.00M | $719.00M |
| SG&A | $37.37B | $37.19B | $36.68B | $34.46B | $31.24B | $28.50B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $3.45B | $3.16B | $2.95B | $2.76B | $2.71B | $2.55B |
| Operating Income | $11.50B | $12.89B | $11.99B | $11.51B | $11.16B | $10.08B |
| Interest Expense | $1.12B | $919.00M | $819.00M | $939.00M | $1.86B | $1.13B |
| Income Tax | $1.95B | $2.32B | $2.26B | $1.73B | $2.14B | $1.89B |
| Net Income | $8.24B | $9.58B | $9.07B | $8.91B | $7.62B | $7.12B |
| EPS - Basic | $6.02 | $6.97 | $6.59 | $6.45 | $5.51 | $5.14 |
| EPS - Diluted | $6.00 | $6.95 | $6.56 | $6.42 | $5.49 | $5.12 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.16B | $8.51B | $9.71B | $4.95B | $5.60B | $8.19B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $5.84B | $5.31B | $5.33B | $5.22B | $4.35B | $4.17B |
| Accounts Payable | $11.70B | $11.00B | $11.63B | $10.73B | $9.83B | $8.85B |
| Current Assets | $27.95B | $25.83B | $26.95B | $21.54B | $21.78B | $23.00B |
| Total Assets | $107.40B | $99.47B | $100.50B | $92.19B | $92.38B | $92.92B |
| Current Liabilities | $32.76B | $31.54B | $31.65B | $26.79B | $26.22B | $23.37B |
| Long-term Debt | $42.32B | $37.22B | $37.59B | $35.66B | $36.03B | $40.37B |
| Total Liabilities | $86.85B | $81.30B | $81.86B | $74.91B | $76.23B | $79.37B |
| Stockholders' Equity | $20.41B | $18.04B | $18.50B | $17.15B | $16.04B | $13.45B |
| Retained Earnings | $72.79B | $72.27B | $70.03B | $67.80B | $65.17B | $63.44B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.09B | $12.51B | $13.44B | $10.81B | $11.62B | $10.61B |
| Investing Cash Flow | ($6.88B) | ($5.47B) | ($5.50B) | ($2.43B) | ($3.27B) | ($11.62B) |
| Financing Cash Flow | ($4.98B) | ($7.56B) | ($3.01B) | ($8.52B) | ($10.78B) | $3.82B |
| CapEx | $4.42B | $5.32B | $5.52B | $5.21B | $4.63B | $4.24B |
| Free Cash Flow | $7.67B | $7.19B | $7.92B | $5.60B | $6.99B | $6.37B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 54.1% | 54.6% | 54.2% | 53.0% | 53.3% | 54.8% |
| Operating margin | 12.2% | 14.0% | 13.1% | 13.3% | 14.0% | 14.3% |
| EBITDA margin | 15.9% | 17.5% | 16.3% | 16.5% | 17.5% | 17.9% |
| Net margin | 8.8% | 10.4% | 9.9% | 10.3% | 9.6% | 10.1% |
| Free cash flow margin | 8.2% | 7.8% | 8.7% | 6.5% | 8.8% | 9.1% |
| FCF / Net income | 0.93 | 0.75 | 0.87 | 0.63 | 0.92 | 0.90 |
| R&D / Revenue | 0.9% | 0.9% | 0.9% | 0.9% | 0.9% | 1.0% |
| SG&A / Revenue | 39.8% | 40.5% | 40.1% | 39.9% | 39.3% | 40.5% |
| Effective tax rate | 19.1% | 19.5% | 20.0% | 16.2% | 21.9% | 21.0% |
| Return on assets | 7.7% | 9.6% | 9.0% | 9.7% | 8.2% | 7.7% |
| Return on equity | 40.4% | 53.1% | 49.0% | 52.0% | 47.5% | 52.9% |
| Return on invested capital | 14.8% | 18.8% | 17.1% | 18.3% | 16.7% | 14.8% |
| Liquidity | ||||||
| Current ratio | 0.85 | 0.82 | 0.85 | 0.80 | 0.83 | 0.98 |
| Quick ratio | 0.67 | 0.65 | 0.68 | 0.61 | 0.66 | 0.81 |
| Cash ratio | 0.28 | 0.27 | 0.31 | 0.18 | 0.21 | 0.35 |
| Leverage | ||||||
| Debt / Equity | 2.07 | 2.06 | 2.03 | 2.08 | 2.25 | 3.00 |
| Debt / Assets | 0.39 | 0.37 | 0.37 | 0.39 | 0.39 | 0.43 |
| Debt / EBITDA | 2.83 | 2.32 | 2.52 | 2.50 | 2.60 | 3.20 |
| Interest coverage | 10.3x | 14.0x | 14.6x | 12.3x | 6.0x | 8.9x |
| Equity multiplier | 5.26 | 5.51 | 5.43 | 5.38 | 5.76 | 6.91 |
| Liabilities / Assets | 0.81 | 0.82 | 0.81 | 0.81 | 0.83 | 0.85 |
| Efficiency | ||||||
| Asset turnover | 0.87 | 0.92 | 0.91 | 0.94 | 0.86 | 0.76 |
| Inventory turnover | 7.37 | 7.87 | 7.85 | 7.77 | 8.53 | 7.62 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 50d | 46d | 46d | 47d | 43d | 48d |
| Days payable outstanding | 99d | 96d | 101d | 97d | 97d | 102d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 23.9x | 21.9x | 25.9x | 28.1x | 31.6x | 28.3x |
| P / B | 9.7x | 11.6x | 12.7x | 14.6x | 15.0x | 15.0x |
| P / S | 2.1x | 2.3x | 2.6x | 2.9x | 3.0x | 2.9x |
| EV / EBITDA | 15.4x | 14.8x | 17.6x | 19.7x | 19.6x | 18.5x |
| Growth | ||||||
| Revenue growth (YoY) | 2.3% | 0.4% | 5.9% | 8.7% | 12.9% | 4.8% |
| Revenue CAGR (3y) | 2.8% | 4.9% | 9.1% | 8.8% | 8.2% | 3.5% |
| Revenue CAGR (5y) | 5.9% | 6.5% | 7.8% | 6.3% | 4.8% | 2.2% |
| Gross profit growth (YoY) | 1.5% | 1.0% | 8.2% | 8.1% | 9.9% | 4.2% |
| Operating income growth (YoY) | -10.8% | 7.5% | 4.1% | 3.1% | 10.7% | -2.1% |
| Net income growth (YoY) | -14.0% | 5.6% | 1.8% | 17.0% | 7.0% | -2.7% |
| EPS growth (YoY) | -13.7% | 5.9% | 2.2% | 16.9% | 7.2% | -1.5% |
| EPS CAGR (3y) | -2.2% | 8.2% | 8.6% | 7.3% | -14.5% | 14.8% |
| EPS CAGR (5y) | 3.2% | 6.0% | -5.7% | 13.7% | 4.7% | 6.9% |
| FCF growth (YoY) | 6.7% | -9.3% | 41.4% | -19.8% | 9.7% | 17.6% |
| FCF CAGR (5y) | 3.8% | 5.8% | 5.3% | -4.4% | -1.0% | -4.0% |
| Book value growth (YoY) | 13.1% | -2.5% | 7.9% | 6.9% | 19.2% | -9.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-27.
Business segments
$93.92B totalPepsi Co Beverages North America$28.20B · 30.0%
Pepsi Co Foods North America$27.53B · 29.3%
Europe Middle East Africa Segment$18.02B · 19.2%
Latin America Foods Segment$10.55B · 11.2%
International Beverage Franchise$5.00B · 5.3%
Asia Pacific Foods Segment$4.63B · 4.9%
Geographic
$93.92B totalUS$52.23B · 55.6%
All Other Countries$17.94B · 19.1%
MX$6.95B · 7.4%
RU$4.77B · 5.1%
CA$3.73B · 4.0%
CN$2.62B · 2.8%
GB$2.14B · 2.3%
BR$1.78B · 1.9%
ZA$1.77B · 1.9%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.85
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Beverages
Comparing PEPSICO INC against the 5 most active filers in the same SIC group.
Dividends
$5.69/share trailing 12 months · +5.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 6, 2026 | $1.4230 |
| Dec 5, 2025 | $1.4230 |
| Sep 5, 2025 | $1.4230 |
| Jun 6, 2025 | $1.4230 |
| Mar 7, 2025 | $1.3550 |
| Dec 6, 2024 | $1.3550 |
| Sep 6, 2024 | $1.3550 |
| Jun 7, 2024 | $1.3550 |
| Feb 29, 2024 | $1.2650 |
| Nov 30, 2023 | $1.2650 |
| Aug 31, 2023 | $1.2650 |
| Jun 1, 2023 | $1.2650 |
| Mar 2, 2023 | $1.1500 |
| Dec 1, 2022 | $1.1500 |
| Sep 1, 2022 | $1.1500 |
| Jun 2, 2022 | $1.1500 |
| Mar 3, 2022 | $1.0750 |
| Dec 2, 2021 | $1.0750 |
| Sep 2, 2021 | $1.0750 |
| Jun 3, 2021 | $1.0750 |
| Mar 4, 2021 | $1.0230 |
| Dec 3, 2020 | $1.0230 |
| Sep 3, 2020 | $1.0230 |
| Jun 4, 2020 | $1.0230 |