Is MDLZ or PEP cheaper?

On trailing earnings, PEP is cheaper: MDLZ trades at a 30.60 P/E and PEP at 21.90.

Which has grown faster, MDLZ or PEP?

Over the past five years, MDLZ grew revenue faster — MDLZ at a 7.71% CAGR versus PEP at 6.00%.

Does MDLZ or PEP pay a bigger dividend?

MDLZ yields 3.22% and PEP yields 4.12% based on trailing dividends and the latest price.

Is MDLZ or PEP more profitable?

PEP runs the higher net margin — MDLZ at 6.64% versus PEP at 9.16%.

Which has been the better investment, MDLZ or PEP?

Over the past 10-year, PEP delivered the higher annualized total return — MDLZ at 6.21% versus PEP at 6.39%. Past performance doesn't predict future results.

Mondelez International, Inc. (MDLZ) vs PepsiCo, Inc. (PEP)

PEP leads on 13 of 15 compared metrics.

A side-by-side comparison of Mondelez International, Inc. and PepsiCo, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 26, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

MDLZ

Mondelez International, Inc.

$78.56B

$61.20Consumer Defensive

PEP

PepsiCo, Inc.

$190.72B

$139.52Consumer Defensive

Total return — MDLZ vs PEP

growth of $100 · last 25y

MDLZ +199.3%PEP +214.8%PEP compounded faster

MDLZ PEP

MDLZ vs PEP: by the numbers

•PEP is the larger company ($190.72B vs $78.56B market cap).
•PEP trades at the lower earnings multiple (21.90 vs 30.60 P/E).
•PEP converts more revenue to profit (9.16% vs 6.64% net margin).
•MDLZ grew revenue faster over the past five years (7.71% vs 6.00% CAGR).
•PEP pays the higher dividend yield (4.12% vs 3.22%).

Which is better, MDLZ or PEP?

Metric tally: MDLZ 2 · PEP 13

It depends on what you're optimizing for:

ValuePEP(lower P/E)

GrowthMDLZ(faster 5Y revenue CAGR)

IncomePEP(higher dividend yield)

QualityPEP(higher ROIC)

Metrics side by side

Valuation

Metric	MDLZ	PEP
P/E ratio	30.60	21.90●
Forward P/E	18.10	15.36●
P/S ratio	2.01	2.00
P/B ratio	3.07●	8.95
PEG ratio	—	9.13
EV / EBITDA	19.33	14.34●
FCF yield	3.26%	4.62%●

Profitability

Metric	MDLZ	PEP
Gross margin	28.77%	54.06%●
Operating margin	9.55%	14.79%●
Net margin	6.64%	9.16%●
ROE	10.13%	40.89%●
ROIC	5.13%	13.29%●

Dividends

Metric	MDLZ	PEP
Dividend yield	3.22%	4.12%●
Payout ratio	104.23%	95.32%

Growth (annualized)

Metric	MDLZ	PEP
Revenue CAGR (5Y)	7.71%●	6.00%
EPS CAGR (5Y)	-5.29%	2.40%●
FCF CAGR (5Y)	-7.14%	6.62%●
Total return CAGR (5Y)	1.97%	2.22%●

Frequently asked

Which is better, MDLZ or PEP?: It depends on your goal. value: PEP (lower P/E); growth: MDLZ (faster 5Y revenue CAGR); income: PEP (higher dividend yield); quality: PEP (higher ROIC). Across all compared metrics, PEP leads 13 to 2.
Is MDLZ or PEP cheaper?: On trailing earnings, PEP is cheaper: MDLZ trades at a 30.60 P/E and PEP at 21.90.
Which has grown faster, MDLZ or PEP?: Over the past five years, MDLZ grew revenue faster — MDLZ at a 7.71% CAGR versus PEP at 6.00%.
Does MDLZ or PEP pay a bigger dividend?: MDLZ yields 3.22% and PEP yields 4.12% based on trailing dividends and the latest price.
Is MDLZ or PEP more profitable?: PEP runs the higher net margin — MDLZ at 6.64% versus PEP at 9.16%.
Which has been the better investment, MDLZ or PEP?: Over the past 10-year, PEP delivered the higher annualized total return — MDLZ at 6.21% versus PEP at 6.39%. Past performance doesn't predict future results.

Go deeper

Full MDLZ analysis Full PEP analysis Interactive comparison tool

Dig into the metrics

Mondelez International P/E ratio PepsiCo P/E ratio Mondelez International dividend yield PepsiCo dividend yield Mondelez International ROE PepsiCo ROE Mondelez International operating margin PepsiCo operating margin Mondelez International revenue growth PepsiCo revenue growth Mondelez International free cash flow PepsiCo free cash flow

Mondelez International & PepsiCo appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest ROE Stocks Highest FCF Yield Stocks

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 26, 2026.