Is MO or PEP cheaper?

On trailing earnings, MO is cheaper: MO trades at a 15.05 P/E and PEP at 22.65.

Which has grown faster, MO or PEP?

Over the past five years, PEP grew revenue faster — MO at a 1.08% CAGR versus PEP at 6.00%.

Does MO or PEP pay a bigger dividend?

MO yields 5.84% and PEP yields 3.98% based on trailing dividends and the latest price.

Is MO or PEP more profitable?

MO runs the higher net margin — MO at 36.91% versus PEP at 9.16%.

Which has been the better investment, MO or PEP?

Over the past 10-year, MO delivered the higher annualized total return — MO at 7.92% versus PEP at 6.61%. Past performance doesn't predict future results.

Altria Group, Inc. (MO) vs PepsiCo, Inc. (PEP)

MO leads on 12 of 16 compared metrics.

A side-by-side comparison of Altria Group, Inc. 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).

Altria Group, Inc.

$120.13B

$71.94Consumer Defensive

PEP

PepsiCo, Inc.

$197.21B

$144.27Consumer Defensive

Total return — MO vs PEP

growth of $100 · last 30y

MO +106.8%PEP +330.7%PEP compounded faster

MO PEP

MO vs PEP: by the numbers

•PEP is the larger company ($197.21B vs $120.13B market cap).
•MO trades at the lower earnings multiple (15.05 vs 22.65 P/E).
•MO converts more revenue to profit (36.91% vs 9.16% net margin).
•PEP grew revenue faster over the past five years (6.00% vs 1.08% CAGR).
•MO pays the higher dividend yield (5.84% vs 3.98%).

Which is better, MO or PEP?

Metric tally: MO 12 · PEP 4

It depends on what you're optimizing for:

ValueMO(lower P/E)

GrowthPEP(faster 5Y revenue CAGR)

IncomeMO(higher dividend yield)

QualityMO(higher ROIC)

Valuation

Metric	MO	PEP
P/E ratio	15.05●	22.65
Forward P/E	12.23●	15.81
P/S ratio	5.52	2.07●
P/B ratio	—	9.25
PEG ratio	1.32●	9.44
EV / EBITDA	11.93●	15.92
FCF yield	7.16%●	4.47%

Profitability

Metric	MO	PEP
Gross margin	67.84%●	54.06%
Operating margin	50.73%●	14.79%
Net margin	36.91%●	9.16%
ROE	-198.37%	40.89%●
ROIC	42.95%●	13.29%

Dividends

Metric	MO	PEP
Dividend yield	5.84%●	3.98%
Payout ratio	102.19%	95.32%

Growth (annualized)

Metric	MO	PEP
Revenue CAGR (5Y)	1.08%	6.00%●
EPS CAGR (5Y)	11.36%●	2.40%
FCF CAGR (5Y)	1.28%	6.62%●
Total return CAGR (5Y)	16.42%●	2.72%

Frequently asked

Which is better, MO or PEP?: It depends on your goal. value: MO (lower P/E); growth: PEP (faster 5Y revenue CAGR); income: MO (higher dividend yield); quality: MO (higher ROIC). Across all compared metrics, MO leads 12 to 4.
Is MO or PEP cheaper?: On trailing earnings, MO is cheaper: MO trades at a 15.05 P/E and PEP at 22.65.
Which has grown faster, MO or PEP?: Over the past five years, PEP grew revenue faster — MO at a 1.08% CAGR versus PEP at 6.00%.
Does MO or PEP pay a bigger dividend?: MO yields 5.84% and PEP yields 3.98% based on trailing dividends and the latest price.
Is MO or PEP more profitable?: MO runs the higher net margin — MO at 36.91% versus PEP at 9.16%.
Which has been the better investment, MO or PEP?: Over the past 10-year, MO delivered the higher annualized total return — MO at 7.92% versus PEP at 6.61%. Past performance doesn't predict future results.

Go deeper

Full MO analysis Full PEP analysis Interactive comparison tool

Dig into the metrics

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

Altria & PepsiCo appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest ROE Stocks Highest ROIC 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 13, 2026.