Keurig Dr Pepper Inc.KDP
NasdaqGS•Consumer Defensive•Beverages - Non-Alcoholic
Keurig Dr Pepper Inc. owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. The company operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. It manufactures and distributes branded concentrates, syrup, and finished beverages, as well as sales of owned brands and third-party brands; tea, cocoa, and other products; and offers finished goods relating to K-Cup pods, single serve brewers, specialty coffee, and ready to drink coffee products. The company offers its products under the Dr Pepper, Canada Dry, Mott's, A&W, Peñafiel, GHOST, Snapple, 7UP, Green Mountain Coffee Roasters, Clamato, Core Hydration, The Original Donut Shop, Sunkist soda, Squirt, C4 Energy, Hawaiian Punch, Electrolit, Bloom, Bai, Evian, Yoo-Hoo, Vita Coco, Big Red, RC Cola, Crush, McCafé, Tim Hortons, Van Houtte, Celestial Seasonings, Bigelow, Starbucks, Dunkin', Folgers, Peet's, 7up Energy, and Swiss Miss brands, as well as other partner and private label brands. It markets and sells its products to supermarkets, mass merchandisers, club stores, e-commerce retailers, office superstores, vending machines, fountains, grocery and drug stores, convenience stores, and other small outlets; and directly to consumers through Keurig.com website. Keurig Dr Pepper Inc. was founded in 1981 and is headquartered in Frisco, Texas.
Keurig Dr Pepper Inc. (KDP) reported trailing twelve months revenue of $16.94B as of March 2026, a 9.2% increase year-over-year. Quarterly revenue reached $3.98B, reflecting continued top-line momentum.
Keurig Dr Pepper Inc. generated $1.83B in TTM net income, with quarterly EBITDA of $756.00M. The operating margin contracted from 22.0% to 19.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (19.0%) and net margin (6.8%) indicates moderate non-operating costs. Net margin has narrowed from 14.2% a year ago, reflecting increased costs or interest expense.
KDP trades at a P/E of 19.6x (in line with broad market averages) and a P/S of 2.1x. The price-to-book ratio of 1.4x reflects a moderate premium to book value.
The company generated $165.00M in free cash flow over the trailing twelve months, a 85.4% increase year-over-year, indicating cash generation ability. The balance sheet shows $73.14B in total assets with $20.89B in long-term debt against $25.26B in stockholders equity for a debt-to-equity ratio of 0.8. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~19.0%, suggesting durable pricing power and cost discipline.
ROE is positive at ~7.2% on average, adequate but below the threshold typically associated with wide moats.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~12.5% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~20.8% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
Debt-to-equity has risen 69.5% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation