KDP
Keurig Dr Pepper Inc
NASDAQ: KDP · CONSUMER DEFENSIVE · BEVERAGES - NON-ALCOHOLIC
$28.93
+0.49% today
Updated 2026-04-29
Market cap
$39.36B
P/E ratio
21.43
P/S ratio
2.32x
EPS (TTM)
$1.35
Dividend yield
3.19%
52W range
$25 – $35
Volume
11.4M
Keurig Dr Pepper Inc (KDP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.74B | $5.75B | $5.71B | $5.53B | $5.64B | $5.90B | $6.00B | $6.00B | $6.12B | $6.28B | $6.44B | $6.69B | $7.44B | $11.12B | $11.62B | $12.68B | $14.06B | $14.81B | $15.35B | $16.60B |
| Revenue growth (YoY) | — | +21.4% | -0.7% | -3.1% | +1.9% | +4.7% | +1.6% | +0.0% | +2.1% | +2.6% | +2.5% | +3.9% | +11.2% | +49.4% | +4.5% | +9.2% | +10.8% | +5.4% | +3.6% | +8.2% |
| Cost of revenue | $1.99B | $2.62B | $2.59B | $2.23B | $2.24B | $2.48B | $2.50B | $2.50B | $2.49B | $2.56B | $2.58B | $2.69B | $3.56B | $4.78B | $5.13B | $5.71B | $6.73B | $6.73B | $6.82B | $7.90B |
| Gross profit | $2.74B | $3.13B | $3.12B | $3.30B | $3.39B | $3.42B | $3.50B | $3.50B | $3.63B | $3.72B | $3.86B | $4.00B | $3.88B | $6.34B | $6.49B | $6.98B | $7.32B | $8.08B | $8.53B | $8.70B |
| Gross margin | 57.9% | 54.5% | 54.6% | 59.6% | 60.2% | 57.9% | 58.3% | 58.3% | 59.3% | 59.3% | 59.9% | 59.7% | 52.2% | 57.0% | 55.8% | 55.0% | 52.1% | 54.5% | 55.6% | 52.4% |
| R&D | $24.00M | $14.00M | $17.00M | $15.00M | $6.00M | $15.00M | $15.00M | $57.70M | $18.00M | $19.00M | $20.00M | $20.00M | $64.00M | $81.00M | $69.00M | $66.00M | $65.00M | $66.00M | $70.00M | — |
| SG&A | $63.92M | $2.02B | $2.08B | $2.13B | $2.23B | $2.26B | $2.27B | $2.33B | $2.33B | $2.31B | $2.33B | $2.56B | $1.41B | $2.11B | $1.92B | $1.75B | $2.00B | $2.20B | $2.09B | $5.35B |
| Operating income | $1.02B | $1.00B | $-168.00M | $1.08B | $1.02B | $1.02B | $1.09B | $1.05B | $1.18B | $1.30B | $1.43B | $1.39B | $1.24B | $2.38B | $2.48B | $2.89B | $2.60B | $3.19B | $2.59B | $3.65B |
| Operating margin | 21.5% | 17.5% | -2.9% | 19.6% | 18.2% | 17.3% | 18.2% | 17.4% | 19.3% | 20.7% | 22.3% | 20.7% | 16.6% | 21.4% | 21.3% | 22.8% | 18.5% | 21.5% | 16.9% | 22.0% |
| EBITDA | $1.18B | $1.17B | $77.00M | $1.32B | $1.18B | $1.27B | $1.34B | $899.00M | $1.42B | $1.53B | $1.65B | $1.57B | $1.68B | $3.01B | $3.01B | $4.01B | $3.12B | $3.97B | $3.38B | $4.19B |
| EBITDA margin | 25.0% | 20.4% | 1.3% | 23.8% | 20.9% | 21.5% | 22.4% | 15.0% | 23.1% | 24.3% | 25.7% | 23.4% | 22.5% | 27.0% | 25.9% | 31.6% | 22.2% | 26.8% | 22.0% | 25.3% |
| EBIT | $1.04B | $1.00B | $-118.00M | $1.11B | $949.00M | $1.04B | $1.10B | $665.00M | $1.18B | $1.30B | $1.43B | $1.34B | $1.24B | $2.35B | $2.36B | $3.30B | $2.41B | $3.25B | $2.65B | $3.44B |
| Interest expense | $257.00M | $253.00M | $257.00M | $197.00M | $141.00M | $125.00M | $132.00M | $125.00M | $117.00M | $126.00M | $140.00M | $168.00M | $446.00M | $647.00M | $597.00M | $525.00M | $468.00M | $596.00M | $684.00M | $754.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $510.00M | $497.00M | $-312.00M | $555.00M | $528.00M | $606.00M | $629.00M | $624.00M | $703.00M | $764.00M | $847.00M | $1.08B | $586.00M | $1.25B | $1.32B | $2.15B | $1.44B | $2.18B | $1.44B | $2.08B |
| Net income growth (YoY) | — | -2.5% | -162.8% | +277.9% | -4.9% | +14.8% | +3.8% | -0.8% | +12.7% | +8.7% | +10.9% | +27.0% | -45.5% | +114.0% | +5.7% | +62.0% | -33.1% | +51.9% | -33.9% | +44.3% |
| Profit margin | 10.8% | 8.6% | -5.5% | 10.0% | 9.4% | 10.3% | 10.5% | 10.4% | 11.5% | 12.2% | 13.2% | 16.1% | 7.9% | 11.3% | 11.4% | 16.9% | 10.2% | 14.7% | 9.4% | 12.5% |