Keurig Dr Pepper

Consumer Staples Soft Drinks & Non-alcoholic Beverages Burlington, Massachusetts Last filing Feb 24, 2026 · FY2025

                    Revenue
                    FY2025
                
$16.6B
                    3y CAGR +5.7%
                    
                    P77
                    
                    +8.2%
                    
                    Net income
                    FY2025
                
$2.1B
                    Net margin +12.5%
                    
                    P86
                    
                    +44.3%
                    
                    Total assets
                    FY2025
                
$55.5B
                    ROA +3.7%
                    
                    P37
                    
                    +3.8%
                    
                    Operating cash flow
                    FY2025
                
$2.0B
                    FCF margin +9.1%
                    
                    P47
                    
                    -10.3%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Total assets $55.5B

Total liabilities $29.9B

Shareholders equity $25.5B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+71.7%	+127.7%	-50.1%	-5.8%	—
Accounts Receivable	+11.3%	+9.8%	-7.8%	+29.3%	—
Inventory	+33.4%	+13.7%	-13.1%	+47.0%	—
Prepaid Expenses	+35.0%	+1.3%	+27.0%	+5.4%	—
Total Current Assets	+31.7%	+18.4%	-11.3%	+24.4%	—
Property,Plant and Equipment	+9.0%	+9.8%	+8.4%	-0.1%	—
Operating Lease Assets	-4.0%	+0.5%	-0.6%	+30.9%	—
Goodwill	+1.0%	-0.7%	+0.6%	-0.5%	—
Intangible Assets	+0.4%	+1.5%	+0.4%	-2.8%	—
Long Term Investments	+7.6%	+11.2%	+38.7%	+3233.3%	—
Deferred Tax Assets	-7.7%	+25.8%	-11.4%	-16.7%	—
Other Noncurrent Assets	+7.9%	+4.4%	-8.2%	+33.6%	—
Total Assets	+3.8%	+2.5%	+0.6%	+2.4%	—
Liabilities
Accounts Payable	+0.4%	-17.0%	-30.9%	+20.6%	—
Accrued Liabilities	-12.9%	+27.5%	+7.7%	+3.9%	—
Current Portion of Long Term Debt	-12.8%	-10.8%	+131.9%	+220.0%	—
Operating Lease Liabilities	-0.8%	+12.3%	+14.0%	+31.6%	—
Other Current Liabilities	-6.0%	+16.9%	+4.2%	+11.7%	—
Total Current Liabilities	+2.5%	-9.3%	+10.4%	+24.5%	—
Long Term Debt	+1.0%	+29.8%	-10.2%	-4.4%	—
Operating Lease Liabilities Noncurrent	-3.3%	-0.4%	-1.2%	+32.1%	—
Deferred Tax Liabilities	+1.7%	-5.6%	+0.4%	-4.1%	—
Other Noncurrent Liabilities	+12.3%	+50.2%	+0.4%	+15.7%	—
Total Liabilities	+2.6%	+10.3%	-1.0%	+4.2%	—
Equity
Preferred Stock	—	—	—	—	—
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+0.3%	-5.2%	-3.1%	-1.6%	—
Retained Earnings	+17.3%	+5.1%	+28.8%	+10.6%	—
Accumulated Other Comprehensive Income	+137.0%	-187.6%	+144.2%	+596.2%	—
Noncontrolling Interest	—	—	+100.0%	—	—
Total Stockholders Equity	+5.3%	-5.6%	+2.2%	+0.6%	—
Total Liabilitiesand Equity	+3.8%	+2.5%	+0.6%	+2.4%	—

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $16.6B

Operating income $3.6B

Net income $2.1B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+8.2%	+3.6%	+5.4%	+10.8%	—
Expenses Cost of Revenue	+11.5%	+1.3%	+0.0%	+18.0%	—
Expenses Research and Development	+0.0%	+6.1%	+1.5%	-1.5%	—
Expenses Selling,General and Administrative	+6.7%	+2.1%	+5.7%	+11.8%	—
Expenses Depreciation and Amortization	+3.8%	-2.9%	-0.7%	+3.0%	—
Expenses Share Based Compensation	-1.0%	-15.5%	+123.1%	-40.9%	—
Expenses Restructuring and Asset Impairment	-30.8%	+160.0%	-79.7%	-14.9%	—
Other Income Expense Gross Profit	+5.5%	+5.6%	+10.3%	+5.0%	—
Other Income Expense Operating Income	+38.0%	-18.8%	+22.5%	-10.0%	—
Other Income Expense Interest Expense	+15.2%	-93.3%	-28.4%	+38.6%	—
Other Income Expense Other Income/expense	-331.0%	-4.9%	+535.7%	-800.0%	—
Other Income Expense Income Before Tax	+40.4%	-30.6%	+60.4%	-38.6%	—
Income Tax Income Tax Expense	+28.5%	-17.9%	+102.8%	-56.5%	—
net Income net Income	+44.3%	-33.9%	+51.9%	-33.1%	—
net Income Comprehensive Income	+189.1%	-64.1%	+48.9%	-22.1%	—
Earnings Per Share Basic Eps	+44.3%	-32.1%	+54.5%	-33.6%	—
Earnings Per Share Diluted Eps	+45.7%	-32.3%	+53.5%	-32.7%	—
Earnings Per Share Weighted Average Shares Basic	-0.3%	-2.7%	-1.2%	+0.1%	—
Earnings Per Share Weighted Average Shares Diluted	-0.4%	-2.8%	-1.4%	+0.0%	—

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 5 years

Operating cash flow $2.0B

Investing cash flow $-573.0M

Financing cash flow $-999.0M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+44.3%	-33.9%	+51.9%	-33.1%	—
Operating Activities Depreciation and Amortization	+7.8%	+5.0%	+0.8%	-2.7%	—
Operating Activities Stock Based Compensation	-1.0%	-15.5%	+123.1%	-40.9%	—
Operating Activities Deferred Income Taxes	+117.7%	-6250.0%	+98.6%	-1032.3%	—
Operating Activities Changes In Operating Assets and Liabilities	+69.7%	-66.2%	+535.3%	+178.3%	—
Operating Activities Other Non Cash Items	—	-100.0%	-95.2%	+6800.0%	—
Operating Activities net Cash From Operating Activities	-10.3%	+67.0%	-53.2%	-1.3%	—
Investing Activities Capital Expenditures	-13.7%	+32.5%	+20.4%	-16.5%	—
Investing Activities Business Acquisitions	-85.1%	—	—	—	—
Investing Activities Other Investing Activities	-500.0%	-175.0%	+33.3%	-137.5%	—
Investing Activities net Cash From Investing Activities	+64.5%	-105.9%	+30.9%	-640.5%	—
Financing Activities Proceeds From Debt	-33.3%	—	-100.0%	+39.5%	—
Financing Activities Repayment of Debt	-10.5%	+130.0%	-85.1%	-6.4%	—
Financing Activities Repurchase of Common Stock	-99.2%	+57.2%	+86.3%	—	—
Financing Activities Dividends Paid	+4.7%	+4.6%	+5.7%	+13.1%	—
Financing Activities Tax Withholding On Stock Based Compensation	-49.2%	-1.6%	+313.3%	-88.0%	—
Financing Activities Other Financing Activities	+28.6%	-16.7%	+87.0%	-27.8%	—
Financing Activities net Cash From Financing Activities	-348.0%	+73.2%	+51.9%	+37.4%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+141.5%	-315.8%	+371.4%	+22.2%	—
Cash Reconciliation net Change In Cash	+9.7%	+233.1%	-1003.8%	-108.1%	—
Cash Reconciliation Cash At Beginning of Period	+71.7%	+127.7%	-50.1%	-5.8%	—
Cash Reconciliation Cash At End of Period	+71.7%	+127.7%	-50.1%	-5.8%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+54.2%	+55.6%	+54.5%	+52.1%	+55.0%
Operating margin	+21.5%	+16.9%	+21.5%	+18.5%	+22.8%
Net margin	+12.5%	+9.4%	+14.7%	+10.2%	+16.9%
FCF margin	+9.1%	+10.8%	+6.1%	+17.7%	+19.3%
Growth
Revenue CAGR (3y)	+5.7%	+6.6%	+8.4%	+8.1%	+19.4%
Returns
ROE	+8.1%	+5.9%	+8.5%	+5.7%	+8.6%
ROA	+3.7%	+2.7%	+4.2%	+2.8%	+4.2%
ROIC	+7.2%	+5.2%	+6.9%	+6.0%	+6.1%
Liquidity
Current ratio	0.64x	0.49x	0.38x	0.47x	0.47x
Quick ratio	0.33x	0.26x	0.18x	0.25x	0.26x
Leverage
D/E	1.17x	1.20x	1.03x	1.06x	1.03x
Interest coverage	94.08x	78.52x	6.44x	3.76x	5.79x
Efficiency
Asset turnover	0.30x	0.29x	0.28x	0.27x	0.25x
Cash conversion cycle	-24d	-54d	-99d	-172d	-186d

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Keurig Dr Pepper

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