Keurig Dr Pepper Inc. (KDP) vs PepsiCo, Inc. (PEP)

PEP leads on 9 of 16 compared metrics.

A side-by-side comparison of Keurig Dr Pepper Inc. and PepsiCo, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — KDP vs PEP

growth of $100 · last 18y
KDP +624.0%PEP +111.5%KDP compounded faster
0200400600800Start $100201120142017202020232026$724$212
KDP PEP

KDP vs PEP: by the numbers

  • PEP is the larger company ($197.21B vs $43.14B market cap).
  • PEP trades at the lower earnings multiple (22.65 vs 23.49 P/E).
  • KDP converts more revenue to profit (10.81% vs 9.16% net margin).
  • KDP grew revenue faster over the past five years (7.31% vs 6.00% CAGR).
  • PEP pays the higher dividend yield (3.98% vs 2.90%).

Which is better, KDP or PEP?

Metric tally: KDP 7 · PEP 9

It depends on what you're optimizing for:

ValuePEP(lower P/E)
GrowthKDP(faster 5Y revenue CAGR)
IncomePEP(higher dividend yield)
QualityPEP(higher ROIC)

Valuation

MetricKDPPEP
P/E ratio23.4922.65
Forward P/E12.5815.81
P/S ratio2.552.07
P/B ratio1.719.25
PEG ratio0.419.44
EV / EBITDA16.8115.92
FCF yield3.66%4.47%

Profitability

MetricKDPPEP
Gross margin53.78%54.06%
Operating margin21.29%14.79%
Net margin10.81%9.16%
ROE7.25%40.89%
ROIC5.62%13.29%

Dividends

MetricKDPPEP
Dividend yield2.90%3.98%
Payout ratio60.13%95.32%

Growth (annualized)

MetricKDPPEP
Revenue CAGR (5Y)7.31%6.00%
EPS CAGR (5Y)10.23%2.40%
FCF CAGR (5Y)-5.79%6.62%
Total return CAGR (5Y)0.48%2.72%

Frequently asked

Which is better, KDP or PEP?
It depends on your goal. value: PEP (lower P/E); growth: KDP (faster 5Y revenue CAGR); income: PEP (higher dividend yield); quality: PEP (higher ROIC). Across all compared metrics, PEP leads 9 to 7.
Is KDP or PEP cheaper?
On trailing earnings, PEP is cheaper: KDP trades at a 23.49 P/E and PEP at 22.65.
Which has grown faster, KDP or PEP?
Over the past five years, KDP grew revenue faster — KDP at a 7.31% CAGR versus PEP at 6.00%.
Does KDP or PEP pay a bigger dividend?
KDP yields 2.90% and PEP yields 3.98% based on trailing dividends and the latest price.
Is KDP or PEP more profitable?
KDP runs the higher net margin — KDP at 10.81% versus PEP at 9.16%.
Which has been the better investment, KDP or PEP?
Over the past 10-year, KDP delivered the higher annualized total return — KDP at 12.76% versus PEP at 6.61%. Past performance doesn't predict future results.

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 June 14, 2026.