Coca-Cola vs PepsiCo KO vs PEP
Coca-Cola and PepsiCo on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
KOPEP
What differs most
- Price / sales: Coca-Cola 8.2×, PepsiCo 1.8×.
- Free-cash-flow yield: PepsiCo 4.3%, Coca-Cola 1.3%.
- One-year price return: Coca-Cola +38.9%, PepsiCo −13.9%.
- Net margin: Coca-Cola 27.8%, PepsiCo 11.1%.
Price return
2025-10-16 → 2026-10-16
KO+38.9%
PEP−13.9%
Profile
latestSector
Consumer Defensive
Consumer Defensive
Industry
Beverages - Non-Alcoholic
Beverages - Non-Alcoholic
Market value
$404.01B
$179.19B
Enterprise value
$437.24B
$220.39B
Employees
65,900
306,000
Revenue per employee (TTM)
$748K
$321K
Our models
nightlythe valuation on each stock's pagePrice vs model
76% overvalued vs model
3% undervalued vs model
Model range
$30.58–166
$71.69–359
Models in the headline
1
1
FCF growth priced in, at a 10% return
37.0%
16.1%
Every model, its assumptions and its range: KO valuation · PEP valuation. The growth priced in, at any return: KO reverse DCF · PEP reverse DCF.
Trading
close 2026-10-16Last close
$93.90
$131.49
52-week high
$93.90
$170.49
52-week low
$67.54
$123.73
Price vs 52-week high
0.0%
−22.9%
Price vs 52-week low
+39.0%
+6.3%
Average daily volume / shares
0.4%
0.7%
Beta
0.32
0.36
Returns
to 2026-10-161 month
+6.9%
−2.1%
3 months
+10.6%
−5.7%
6 months
+24.9%
−17.0%
Year to date
+34.3%
−8.4%
1 year
+38.9%
−13.9%
1 year, dividends added
+42.0%
−10.1%
2 years
+33.1%
−24.6%
Valuation
KO price × TTM to Apr 2026 · PEP price × TTM to Sep 2026P/E (TTM)
29.5×
16.5×
P/E on consensus EPS (next FY)
28.4×
15.6×
Price / sales
8.2×
1.8×
EV / sales
8.9×
2.2×
EV / EBITDA
28.2×
11.7×
Price / book
12.0×
8.0×
Price / free cash flow (FY)
76.3×
23.4×
Free-cash-flow yield (FY)
1.3%
4.3%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+3.9%
+5.7%
Revenue, 3-year CAGR
3.7%
2.8%
Revenue, 5-year CAGR
7.7%
5.9%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+8.8%
+40.1%
EPS, 3-year CAGR
11.6%
−2.2%
Free cash flow, 3-year CAGR
−17.8%
11.0%
Diluted shares, 3-year change
−0.9%
−1.0%
Profitability
KO TTM to Apr 2026 · PEP TTM to Sep 2026Gross margin (FY)†
61.6%
54.1%
Operating margin
29.3%
15.3%
EBITDA margin
31.5%
19.1%
Net margin
27.8%
11.1%
Free-cash-flow margin (FY)
11.0%
8.2%
Return on equity
40.7%
48.9%
Return on assets
13.1%
9.7%
Asset turnover
0.47
0.88
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
KO MRQ Apr 2026 · PEP MRQ Sep 2026Cash
$10.57B
$10.68B
Total debt
$43.81B
$51.88B
Net debt
$33.23B
$41.21B
Debt / equity
1.3×
2.3×
Net debt / EBITDA (TTM)
2.1×
2.2×
Interest coverage (FY)
8.3×
12.0×
Current ratio (FY)
1.46
0.85
Dividends
trailing 12 monthsDividend yield
2.2%
4.4%
Dividends per share
$2.10
$5.80
Payout ratio (of TTM EPS)
66.0%
72.9%
Dividend per share, 5-year CAGR
4.7%
6.7%
Frequency
Quarterly
Quarterly
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
11
14
Insider open-market buys (Form 4)
$0
$23.7M
Insider sales (Form 4)
$87.9M
$405K
Analyst upgrades
0
0
Analyst downgrades
0
2
Statements
KO income TTM to Apr 2026 · cash flow FY2025 · PEP income TTM to Sep 2026 · cash flow FY2025Revenue
$49.28B
$98.24B
EBITDA
$15.51B
$18.76B
Operating income
$14.46B
$15.05B
Net income
$13.70B
$10.90B
EPS (diluted)
$3.18
$7.96
Operating cash flow
$7.41B
$12.09B
Capital expenditure
−$2.11B
−$4.42B
Free cash flow
$5.30B
$7.67B
Dividends paid
$8.78B
$7.64B
Keep comparing
Statements from the companies' SEC filings; prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.