British American Tobacco p.l.c. (BTI) vs PepsiCo, Inc. (PEP)
A side-by-side comparison of British American Tobacco p.l.c. and PepsiCo, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 21, 2026. Differences are shown without an overall score or investment verdict.
BTI
British American Tobacco p.l.c.
$56.21Consumer DefensiveDelayed quote: Aug 21, 2026, 4:00 PM EDT
PEP
PepsiCo, Inc.
$143.48Consumer DefensiveDelayed quote: Aug 21, 2026, 4:00 PM EDT
Total return — BTI vs PEP
growth of $100 · dividends reinvested · last 10yBTI +71.8% (+5.6%/yr)PEP +81.3% (+6.1%/yr)PEP compounded faster over this window
BTI PEP
BTI vs PEP: by the numbers
- •PEP is the larger company ($195.99B vs $121.24B market cap).
- •BTI trades at the lower trailing earnings multiple (9.59 vs 18.80 P/E), one valuation lens rather than an overall verdict.
- •BTI converts more revenue to profit (20.62% vs 10.82% net margin).
- •PEP grew revenue faster over the past five years (5.37% vs -3.08% CAGR).
- •BTI pays the higher dividend yield (5.76% vs 4.01%).
Metrics side by side
Valuation
| Metric | BTI | PEP |
|---|---|---|
| P/E ratio | 9.59 | 18.80 |
| Forward P/E | 15.57 | 16.77 |
| P/S ratio | 1.80 | 2.03 |
| P/B ratio | 1.91 | 8.89 |
| EV / EBITDA | 6.77 | 12.70 |
| FCF yield | 15.70% | 4.73% |
Profitability
| Metric | BTI | PEP |
|---|---|---|
| Gross margin | 83.50% | 53.96% |
| Operating margin | 39.04% | 14.96% |
| Net margin | 20.62% | 10.82% |
| ROE | 6.94% | 47.45% |
| ROIC | 8.04% | 13.22% |
Dividends
| Metric | BTI | PEP |
|---|---|---|
| Dividend yield | 5.76% | 4.01% |
| Payout ratio | 68.53% | 95.32% |
Growth (annualized)
| Metric | BTI | PEP |
|---|---|---|
| Revenue CAGR (5Y) | -3.08% | 5.37% |
| EPS CAGR (5Y) | 4.31% | 3.25% |
| FCF CAGR (5Y) | -9.26% | 5.40% |
| Total return CAGR (5Y) | 17.25% | 1.19% |
Frequently asked
- Which has the lower trailing P/E, BTI or PEP?
- BTI has the lower trailing P/E: BTI trades at 9.59 and PEP at 18.80. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, BTI or PEP?
- Over the past five years, PEP grew revenue faster — BTI at a -3.08% CAGR versus PEP at 5.37%.
- Does BTI or PEP pay a bigger dividend?
- BTI yields 5.76% and PEP yields 4.01% based on trailing dividends and the latest price.
- Is BTI or PEP more profitable?
- BTI runs the higher net margin — BTI at 20.62% versus PEP at 10.82%.
- How have BTI and PEP total returns compared?
- Over the past 10 years, BTI delivered 5.54% and PEP delivered 6.06% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
British American Tobacco p.l.c. P/E ratioPepsiCo P/E ratioBritish American Tobacco p.l.c. dividend yieldPepsiCo dividend yieldBritish American Tobacco p.l.c. ROEPepsiCo ROEBritish American Tobacco p.l.c. operating marginPepsiCo operating marginBritish American Tobacco p.l.c. revenue growthPepsiCo revenue growthBritish American Tobacco p.l.c. free cash flowPepsiCo free cash flow
British American Tobacco p.l.c. & PepsiCo appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 21, 2026.