PepsiCo, Inc. (PEP) vs Walmart Inc. (WMT)
A side-by-side comparison of PepsiCo, Inc. and Walmart Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.
PEP
PepsiCo, Inc.
$136.32Consumer DefensiveDelayed quote: Sep 11, 2026, 4:00 PM EDT
WMT
Walmart Inc.
$107.15Consumer DefensiveDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — PEP vs WMT
growth of $100 · dividends reinvested · last 10yPEP +78.1% (+5.9%/yr)WMT +420.6% (+17.9%/yr)WMT compounded faster over this window
PEP WMT
PEP vs WMT: by the numbers
- •WMT is the larger company ($852.71B vs $186.21B market cap).
- •PEP trades at the lower trailing earnings multiple (17.87 vs 38.68 P/E), one valuation lens rather than an overall verdict.
- •PEP converts more revenue to profit (10.82% vs 3.00% net margin).
- •PEP pays the higher dividend yield (4.25% vs 0.92%).
Metrics side by side
Valuation
| Metric | PEP | WMT |
|---|---|---|
| P/E ratio | 17.87 | 38.68 |
| Forward P/E | 15.94 | 37.07 |
| P/S ratio | 1.92 | 1.16 |
| P/B ratio | 8.43 | 8.68 |
| EV / EBITDA | 12.16 | 19.31 |
| FCF yield | 4.98% | 1.58% |
Profitability
| Metric | PEP | WMT |
|---|---|---|
| Gross margin | 53.96% | 25.23% |
| Operating margin | 14.96% | 4.39% |
| Net margin | 10.82% | 3.00% |
| ROE | 47.45% | 22.47% |
| ROIC | 13.22% | 12.89% |
Dividends
| Metric | PEP | WMT |
|---|---|---|
| Dividend yield | 4.25% | 0.92% |
| Payout ratio | 76.08% | 35.29% |
Growth (annualized)
| Metric | PEP | WMT |
|---|---|---|
| Revenue CAGR (5Y) | 5.37% | 5.38% |
| EPS CAGR (5Y) | 3.25% | 10.95% |
| FCF CAGR (5Y) | 5.40% | -5.40% |
| Total return CAGR (5Y) | 0.63% | 18.21% |
Frequently asked
- Which has the lower trailing P/E, PEP or WMT?
- PEP has the lower trailing P/E: PEP trades at 17.87 and WMT at 38.68. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Does PEP or WMT pay a bigger dividend?
- PEP yields 4.25% and WMT yields 0.92% based on trailing dividends and the latest price.
- Is PEP or WMT more profitable?
- PEP runs the higher net margin — PEP at 10.82% versus WMT at 3.00%.
- How have PEP and WMT total returns compared?
- Over the past 10 years, PEP delivered 6.00% and WMT delivered 18.23% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
PepsiCo P/E ratioWalmart P/E ratioPepsiCo dividend yieldWalmart dividend yieldPepsiCo ROEWalmart ROEPepsiCo operating marginWalmart operating marginPepsiCo revenue growthWalmart revenue growthPepsiCo free cash flowWalmart free cash flow
PepsiCo & Walmart 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 September 10, 2026.