The Coca-Cola Company (KO) vs PepsiCo, Inc. (PEP)
PEP leads on 9 of 16 compared metrics.
A side-by-side comparison of The Coca-Cola Company and PepsiCo, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
KO
The Coca-Cola Company
$82.62Consumer Defensive
PEP
PepsiCo, Inc.
$144.27Consumer Defensive
Total return — KO vs PEP
growth of $100 · last 30yKO +256.3%PEP +330.7%PEP compounded faster
KO PEP
KO vs PEP: by the numbers
- •KO is the larger company ($355.47B vs $197.21B market cap).
- •PEP trades at the lower earnings multiple (22.65 vs 25.98 P/E).
- •KO converts more revenue to profit (27.80% vs 9.16% net margin).
- •KO grew revenue faster over the past five years (8.07% vs 6.00% CAGR).
- •PEP pays the higher dividend yield (3.98% vs 1.88%).
Which is better, KO or PEP?
Metric tally: KO 7 · PEP 9It depends on what you're optimizing for:
ValuePEP(lower P/E)
GrowthKO(faster 5Y revenue CAGR)
IncomePEP(higher dividend yield)
QualityPEP(higher ROIC)
Valuation
| Metric | KO | PEP |
|---|---|---|
| P/E ratio | 25.98 | 22.65● |
| Forward P/E | 23.70 | 15.81● |
| P/S ratio | 7.23 | 2.07● |
| P/B ratio | 10.60 | 9.25● |
| PEG ratio | 0.98● | 9.44 |
| EV / EBITDA | 20.26 | 15.92● |
| FCF yield | 3.52% | 4.47%● |
Profitability
| Metric | KO | PEP |
|---|---|---|
| Gross margin | 61.74%● | 54.06% |
| Operating margin | 29.34%● | 14.79% |
| Net margin | 27.80%● | 9.16% |
| ROE | 40.74% | 40.89% |
| ROIC | 13.00% | 13.29%● |
Dividends
| Metric | KO | PEP |
|---|---|---|
| Dividend yield | 1.88% | 3.98%● |
| Payout ratio | 50.82% | 95.32% |
Growth (annualized)
| Metric | KO | PEP |
|---|---|---|
| Revenue CAGR (5Y) | 8.07%● | 6.00% |
| EPS CAGR (5Y) | 11.12%● | 2.40% |
| FCF CAGR (5Y) | 4.97% | 6.62%● |
| Total return CAGR (5Y) | 11.29%● | 2.72% |
Frequently asked
- Which is better, KO or PEP?
- It depends on your goal. value: PEP (lower P/E); growth: KO (faster 5Y revenue CAGR); income: PEP (higher dividend yield); quality: PEP (higher ROIC). Across all compared metrics, PEP leads 9 to 7.
- Is KO or PEP cheaper?
- On trailing earnings, PEP is cheaper: KO trades at a 25.98 P/E and PEP at 22.65.
- Which has grown faster, KO or PEP?
- Over the past five years, KO grew revenue faster — KO at a 8.07% CAGR versus PEP at 6.00%.
- Does KO or PEP pay a bigger dividend?
- KO yields 1.88% and PEP yields 3.98% based on trailing dividends and the latest price.
- Is KO or PEP more profitable?
- KO runs the higher net margin — KO at 27.80% versus PEP at 9.16%.
- Which has been the better investment, KO or PEP?
- Over the past 10-year, KO delivered the higher annualized total return — KO at 9.41% versus PEP at 6.61%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Coca-Cola P/E ratioPepsiCo P/E ratioCoca-Cola dividend yieldPepsiCo dividend yieldCoca-Cola ROEPepsiCo ROECoca-Cola operating marginPepsiCo operating marginCoca-Cola revenue growthPepsiCo revenue growthCoca-Cola free cash flowPepsiCo free cash flow
Coca-Cola & PepsiCo appear in these rankings
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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 13, 2026.