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PEP PEPSICO INC

NasdaqConsumer staplesBeveragesPurchase, NYFY ends December 26

Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Feb 3, 2026 (SEC EDGAR)

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$93.9BYoYup 2.25%ended Dec 27, 2025
Net income
$8.24B8.8% margin
Diluted EPS
$6.00YoYdown 13.67%
Free cash flow
—
Cash
$9.16BNet debt $33.2B
Total debt
$42.3BD/E 2.07×
About PEPSICO INC

Overview

PEPSICO INC (PEP) is listed on Nasdaq; the SEC classifies it under "Beverages".

For fiscal 2025 (ended Dec 27, 2025) it reported revenue of $93.93B, up 2.3% from fiscal 2024.

Net income was $8.24B, a net margin of 8.8%.

At fiscal year end it had total assets of $107.4B and stockholders' equity of $20.41B (19.0% of assets).

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Feb 3, 2026
Latest filing
8-KOct 16, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenueNet incomeNet margin
FY2016$62.8B$6.33B10.1%
FY2017$63.5B$4.86B7.6%
FY2018$64.7B$12.5B19.4%
FY2019$67.2B$7.31B10.9%
FY2020$70.4B$7.12B10.1%
FY2021$79.5B$7.62B9.6%
FY2022$86.4B$8.91B10.3%
FY2023$91.5B$9.07B9.9%
FY2024$91.9B$9.58B10.4%
FY2025$93.9B$8.24B8.8%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2016 to FY2025.
PeriodGross marginOperating marginNet margin
FY201655.1%15.6%10.1%
FY201754.7%16.5%7.6%
FY201854.6%15.6%19.4%
FY201955.1%15.3%10.9%
FY202054.8%14.3%10.1%
FY202153.3%14.0%9.6%
FY202253.0%13.3%10.3%
FY202354.2%13.1%9.9%
FY202454.6%14.0%10.4%
FY202554.1%12.2%8.8%

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016$4.36
FY2017$3.38
FY2018$8.78
FY2019$5.20
FY2020$5.12
FY2021$5.49
FY2022$6.42
FY2023$6.56
FY2024$6.95
FY2025$6.00

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY20161.45B
FY20171.44B
FY20181.43B
FY20191.41B
FY20201.39B
FY20211.39B
FY20221.39B
FY20231.38B
FY20241.38B
FY20251.37B

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalentsTotal debt
FY2016$9.16B$32.3B
FY2017$10.6B$35.2B
FY2018$8.72B$28.3B
FY2019$5.51B$29.1B
FY2020$8.19B$40.4B
FY2021$5.6B$36B
FY2022$4.95B$35.7B
FY2023$9.71B$37.6B
FY2024$8.51B$37.2B
FY2025$9.16B$42.3B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Gross margin
54.1%
Operating margin
12.2%
Net margin
8.8%
Return on equity
42.9%
Return on assets
8.0%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 2.25%up 2.83%up 5.94%—
EPS (diluted)down 13.67%down 2.23%up 3.22%up 3.61%
Free cash flow————
Change in share count
-0.36%

Financial strength

Current ratio
0.85×
Debt / equity
2.07×
Liabilities / assets
80.9%
Net debt
$33.2B
Interest coverage
10.3×
Equity / assets
19.0%

Shareholder returns

Dividends per share
$5.62
Dividends paid
$7.64B
Buybacks
$1B
Payout ratio
92.7%
Stock comp. / revenue
0.3%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

6 of 9 checks passed

FY2025 vs FY2024

  • PassPositive return on assets8.3%
  • PassPositive operating cash flow$12.1B
  • FailReturn on assets improved8.3% vs 9.5%
  • PassOperating cash flow above net income12.2% vs 8.3%
  • FailLong-term debt / assets fell39.4% vs 37.4%
  • PassCurrent ratio improved0.85× vs 0.82×
  • PassNo increase in share count1.37B vs 1.38B
  • FailGross margin improved54.1% vs 54.6%
  • PassAsset turnover improved0.94× vs 0.91×

Altman Z''-Score

Safe zone (above 2.60)

FY2025

Altman Z''-Score: Components
ComponentsRatioWeightPoints
Working capital / assets-0.045×6.56-0.29
Retained earnings / assets0.678×3.262.21
Operating income / assets0.107×6.720.72
Equity / liabilities0.235×1.050.25
Z''2.88

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 27, 2025FY2024Dec 28, 2024FY2023Dec 30, 2023FY2022Dec 31, 2022FY2021Dec 25, 2021FY2020Dec 26, 2020FY2019Dec 28, 2019FY2018Dec 29, 2018FY2017Dec 30, 2017FY2016Dec 31, 2016
Revenue93,92591,85491,47186,39279,47470,37267,16164,66163,52562,799
YoY (Revenue)+2.25%+0.42%+5.88%+8.70%+12.93%+4.78%+3.87%—+1.16%—
Gross profit50,85950,11049,59045,81642,39938,57537,02935,28034,74034,590
Research & development839813804771752719711680737760
Selling, general & admin.37,36837,19036,67734,45931,23728,49526,73825,17024,23124,735
Operating income11,49812,88711,98611,51211,16210,08010,29110,11010,5099,785
Interest expense1,1219198199391,8631,1281,1351,5251,1511,342
Pretax income10,24411,94611,41710,7059,8219,0699,3129,1899,6028,553
Income tax1,9492,3202,2621,7272,1421,8941,959-3,3704,6942,174
Net income8,2409,5789,0748,9107,6187,1207,31412,5154,8576,329
YoY (Net income)-13.97%+5.55%+1.84%+16.96%+6.99%-2.65%-41.56%+157.67%-23.26%—
EPS (basic)6.026.976.596.455.515.145.238.843.404.39
EPS (diluted)6.006.956.566.425.495.125.208.783.384.36
YoY (EPS (diluted))-13.67%+5.95%+2.18%+16.94%+7.23%-1.54%-40.77%+159.76%-22.48%—
Diluted shares (weighted)1,3731,3781,3831,3871,3891,3921,4071,4251,4381,452

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 27, 2025FY2024Dec 28, 2024FY2023Dec 30, 2023FY2022Dec 31, 2022FY2021Dec 25, 2021FY2020Dec 26, 2020FY2019Dec 28, 2019FY2018Dec 29, 2018FY2017Dec 30, 2017FY2016Dec 31, 2016
Cash & equivalents9,1598,5059,7114,9545,5968,1855,5098,72110,6109,158
Inventory5,8455,3065,3345,2224,3474,1723,3383,1282,9472,723
Current assets27,94925,82626,95021,53921,78323,00117,64521,89331,02727,089
Goodwill18,91617,53417,72818,20218,38118,75715,50114,80814,74414,430
Intangible assets500—————————
Total assets107,39999,467100,49592,18792,37792,91878,54777,64879,80474,129
Current liabilities32,76431,53631,64726,78526,22023,37220,46122,13820,50221,135
Short-term debt————————1,3852,257
Long-term debt42,32137,22437,59535,65736,02640,37029,14828,29533,79630,053
Total liabilities86,85281,29681,85874,91476,22679,36663,67963,04668,82362,930
Retained earnings72,78872,26670,03567,80065,16563,44361,94659,94752,83952,518
Stockholders' equity20,40618,04118,50317,14916,04313,45414,78614,51811,04511,246
Shares outstanding1,3671,3711,3741,3771,3831,3801,3901,4051,4201,427

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 27, 2025FY2024Dec 28, 2024FY2023Dec 30, 2023FY2022Dec 31, 2022FY2021Dec 25, 2021FY2020Dec 26, 2020FY2019Dec 28, 2019FY2018Dec 29, 2018FY2017Dec 30, 2017FY2016Dec 31, 2016
Operating cash flow12,08712,50713,44210,81111,61610,6139,6499,4159,99410,404
Depreciation & amortization3,4513,1602,9482,7632,7102,5482,4322,3992,3692,368
Stock-based compensation288362380343301264237256292284
Share repurchases1,0001,0001,0001,5001062,0003,0002,0002,0003,000
Dividends paid7,6387,2296,6826,1725,8155,5095,3044,9304,4724,227
Dividends per share5.625.334.954.534.254.023.793.593.172.96
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$6.00
Revenue per share
$68.41
Book value per share
$14.86
Tangible book per share
$0.72
Cash per share
$6.67
Dividends per share
$5.62
Public floatas of Jun 13, 2025
$179B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 8-K
    Current report· Oct 16, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  2. 8-K
    Current report· Oct 8, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  3. 10-Q
    Quarterly report· Sep 5, 2026(SEC EDGAR)
  4. 8-K
    Current report· Sep 17, 2026(SEC EDGAR)
    • 5.02Officer or director changes
  5. 8-K
    Current report· Jul 9, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  6. 10-Q
    Quarterly report· Jun 13, 2026(SEC EDGAR)
  7. 8-K
    Current report· May 22, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  8. 8-K
    Current report· May 6, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
  9. 8-K
    Current report· Apr 16, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  10. 10-Q
    Quarterly report· Mar 21, 2026(SEC EDGAR)
All filings on SEC EDGAR
SIC 2080 · Beverages

Peers (same SIC code)

Peers (same SIC code)
TickerRevenue (FY)YoYNet marginROEF-Score5y revenue
PEPPEPSICO INC (This company)$93.9Bup 2.25%8.8%42.9%6/9
KOCOCA COLA CO$47.9B—27.3%———
Peer median$47.9B—27.3%———

Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.

Frequently asked questions

What does PEPSICO INC do?

The SEC classifies PEPSICO INC under Standard Industrial Classification (SIC) code 2080, "Beverages". It is headquartered in Purchase, NY. It is incorporated in NC. In fiscal 2025 it reported revenue of $93.93B and net income of $8.24B in its annual 10-K report.

What was PEPSICO INC's revenue in 2025?

PEPSICO INC reported revenue of $93.93B for fiscal 2025, which ended Dec 27, 2025, up 2.3% from $91.85B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 3, 2026.

What was PEPSICO INC's net income in 2025?

PEPSICO INC reported net income of $8.24B for fiscal 2025, a net margin of 8.8% of revenue.

Where is PEPSICO INC listed?

According to the SEC, PEPSICO INC's ticker PEP is listed on Nasdaq.

When does PEPSICO INC's fiscal year end?

According to the SEC, PEPSICO INC's fiscal year ends on December 26; its latest reported fiscal year (2025) ended Dec 27, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.