Anheuser-Busch InBev SA/NV (BUD) vs PepsiCo, Inc. (PEP)
A side-by-side comparison of Anheuser-Busch InBev SA/NV and PepsiCo, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 1, 2026. Differences are shown without an overall score or investment verdict.
BUD
Anheuser-Busch InBev SA/NV
$86.48Consumer DefensiveAt close: Jul 31, 2026, 4:00 PM ET
PEP
PepsiCo, Inc.
$139.56Consumer DefensiveAt close: Jul 31, 2026, 4:00 PM ET
Total return — BUD vs PEP
growth of $100 · dividends reinvested · last 17yBUD +222.7%PEP +324.4%PEP compounded faster
BUD PEP
BUD vs PEP: by the numbers
- •PEP is the larger company ($190.64B vs $170.32B market cap).
- •BUD trades at the lower trailing earnings multiple (14.15 vs 18.29 P/E), one valuation lens rather than an overall verdict.
- •PEP converts more revenue to profit (10.82% vs 10.14% net margin).
- •PEP grew revenue faster over the past five years (5.37% vs 3.94% CAGR).
- •PEP pays the higher dividend yield (4.12% vs 1.56%).
Metrics side by side
Valuation
| Metric | BUD | PEP |
|---|---|---|
| P/E ratio | 14.15 | 18.29 |
| Forward P/E | 19.59 | 16.32 |
| P/S ratio | 1.42 | 1.97 |
| P/B ratio | 1.96 | 8.65 |
| PEG ratio | 1.00 | 7.62 |
| EV / EBITDA | 4.77 | 12.41 |
| FCF yield | 13.07% | 4.86% |
Profitability
| Metric | BUD | PEP |
|---|---|---|
| Gross margin | 55.67% | 53.96% |
| Operating margin | 31.82% | 14.96% |
| Net margin | 10.14% | 10.82% |
| ROE | 13.99% | 47.45% |
| ROIC | 6.32% | 13.29% |
Dividends
| Metric | BUD | PEP |
|---|---|---|
| Dividend yield | 1.56% | 4.12% |
| Payout ratio | 38.95% | 95.32% |
Growth (annualized)
| Metric | BUD | PEP |
|---|---|---|
| Revenue CAGR (5Y) | 3.94% | 5.37% |
| EPS CAGR (5Y) | 37.66% | 2.40% |
| FCF CAGR (5Y) | 10.48% | 5.40% |
| Total return CAGR (5Y) | 8.07% | 0.81% |
Frequently asked
- Which has the lower trailing P/E, BUD or PEP?
- BUD has the lower trailing P/E: BUD trades at 14.15 and PEP at 18.29. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, BUD or PEP?
- Over the past five years, PEP grew revenue faster — BUD at a 3.94% CAGR versus PEP at 5.37%.
- Does BUD or PEP pay a bigger dividend?
- BUD yields 1.56% and PEP yields 4.12% based on trailing dividends and the latest price.
- Is BUD or PEP more profitable?
- PEP runs the higher net margin — BUD at 10.14% versus PEP at 10.82%.
- How have BUD and PEP total returns compared?
- Over the past 10 years, BUD delivered -1.98% and PEP delivered 5.69% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Anheuser-Busch InBev SA/NV P/E ratioPepsiCo P/E ratioAnheuser-Busch InBev SA/NV dividend yieldPepsiCo dividend yieldAnheuser-Busch InBev SA/NV ROEPepsiCo ROEAnheuser-Busch InBev SA/NV operating marginPepsiCo operating marginAnheuser-Busch InBev SA/NV revenue growthPepsiCo revenue growthAnheuser-Busch InBev SA/NV free cash flowPepsiCo free cash flow
Anheuser-Busch InBev SA/NV & 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 1, 2026.