The Coca-Cola Company (KO) vs PepsiCo, Inc. (PEP)
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 July 28, 2026. Differences are shown without an overall score or investment verdict.
KO
The Coca-Cola Company
$88.27Consumer DefensiveDelayed quote: Jul 28, 2026, 4:00 PM EDT
PEP
PepsiCo, Inc.
$142.86Consumer DefensiveDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — KO vs PEP
growth of $100 · dividends reinvested · last 30yKO +665.6%PEP +819.5%PEP compounded faster
KO PEP
KO vs PEP: by the numbers
- •KO is the larger company ($379.78B vs $195.15B market cap).
- •PEP trades at the lower trailing earnings multiple (18.32 vs 26.44 P/E), one valuation lens rather than an overall verdict.
- •KO converts more revenue to profit (27.80% vs 10.82% net margin).
- •KO grew revenue faster over the past five years (8.07% vs 5.37% CAGR).
- •PEP pays the higher dividend yield (4.11% vs 2.47%).
Metrics side by side
Valuation
| Metric | KO | PEP |
|---|---|---|
| P/E ratio | 26.44 | 18.32 |
| Forward P/E | 25.72 | 16.34 |
| P/S ratio | 7.36 | 1.97 |
| P/B ratio | 10.78 | 8.66 |
| PEG ratio | 0.98 | 7.63 |
| EV / EBITDA | 25.53 | 12.43 |
| FCF yield | 3.46% | 4.85% |
Profitability
| Metric | KO | PEP |
|---|---|---|
| Gross margin | 61.74% | 53.96% |
| Operating margin | 29.34% | 14.96% |
| Net margin | 27.80% | 10.82% |
| ROE | 40.74% | 47.45% |
| ROIC | 13.00% | 13.29% |
Dividends
| Metric | KO | PEP |
|---|---|---|
| Dividend yield | 2.47% | 4.11% |
| Payout ratio | 68.20% | 95.32% |
Growth (annualized)
| Metric | KO | PEP |
|---|---|---|
| Revenue CAGR (5Y) | 8.07% | 5.37% |
| EPS CAGR (5Y) | 11.12% | 2.40% |
| FCF CAGR (5Y) | -9.38% | 5.40% |
| Total return CAGR (5Y) | 11.23% | 0.72% |
Frequently asked
- Which has the lower trailing P/E, KO or PEP?
- PEP has the lower trailing P/E: KO trades at 26.44 and PEP at 18.32. P/E is one valuation measure and does not by itself establish which business is cheaper.
- 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 5.37%.
- Does KO or PEP pay a bigger dividend?
- KO yields 2.47% and PEP yields 4.11% 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 10.82%.
- How have KO and PEP total returns compared?
- Over the past 10 years, KO delivered 10.23% and PEP delivered 5.85% annualized total return. 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 July 28, 2026.