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, PeΓ±afiel, 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, McCafΓ©, 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $16.6B | $4.2B | $2.1B | $1.5B | 8.1% | 8.2% | 44.3% |
| 2024 | $15.4B | $3.4B | $1.4B | $1.6B | 5.9% | 3.6% | -33.9% |
| 2023 | $14.8B | $4.0B | $2.2B | $848M | 8.5% | 5.4% | 51.9% |
| 2022 | $14.1B | $3.1B | $1.4B | $2.5B | 5.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 14,057 | 14,814 | 15,351 | 16,603 |
| Cost Of Revenue | - | 6,734 | 6,734 | 6,822 | 7,604 |
| Gross Profit | - | 7,323 | 8,080 | 8,529 | 8,999 |
| Operating Expense | - | 4,540 | 4,886 | 5,220 | 5,346 |
| Operating Income | - | 2,783 | 3,194 | 3,309 | 3,653 |
| EBITDA | - | 3,121 | 3,973 | 3,382 | 4,194 |
| EBIT | - | 2,412 | 3,253 | 2,649 | 3,441 |
| Pretax Income | - | 1,719 | 2,757 | 1,914 | 2,687 |
| Tax Provision | - | 284 | 576 | 473 | 608 |
| Net Income | - | 1,436 | 2,181 | 1,441 | 2,079 |
| Net Income Common Stockholders | - | 1,436 | 2,181 | 1,441 | 2,079 |
| Total Expenses | - | 11,274 | 11,620 | 12,042 | 12,950 |
| Interest Expense | - | 693 | 496 | 735 | 754 |
| Selling General And Administration | - | 4,645 | 4,912 | 5,013 | 5,351 |
| Normalized EBITDA | - | 3,478 | 3,975 | 4,100 | 4,272 |
| Normalized Income | - | 1,734.10 | 2,182.58 | 1,981.56 | 2,139.35 |
| Market Cap | 39,755.55 | 39,755.55 | 39,755.55 | 39,755.55 | 39,755.55 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Keurig Dr Pepper Inc.this co. | KDP | - | 19.12 | 1.56 | 8.1% | 13.08 |
| Church & Dwight Co., Inc. | CHD | $23.0B | 30.55 | 5.62 | 18.4% | 18.70 |
| Tyson Foods, Inc. | TSN | $22.1B | 47.56 | 1.25 | 2.6% | 11.69 |
| Dollar Tree, Inc. | DLTR | $21.4B | 15.96 | 5.45 | 34.2% | 11.34 |
| Bunge Global SA | BG | $20.6B | 29.67 |
| - |
| - |
| - |
| - |
| - |
| 1.52 |
| 5.1% |
| 15.79 |
| General Mills, Inc. | GIS | $19.5B | 8.13 | 2.03 | 24.9% | 8.56 |
| McCormick & Company, Incorporated | MKC | $13.8B | 17.55 | 2.41 | 13.8% | 13.37 |
| Brown-Forman Corporation | BF-B | $13.4B | 14.94 | 3.25 | 21.8% | 11.84 |
| Hormel Foods Corporation | HRL | $11.8B | 24.80 | 1.50 | 6.1% | 13.97 |
| Peer Median | - | 21.17 | 2.22 | 16.1% | 12.61 | |