Is Keurig Dr Pepper financially healthy?

On 30 September 2026 Keurig Dr Pepper held 1.29B USD in cash and short-term investments against total debt of 28.87B USD. Its current ratio is 0.52: what falls due within a year against what turns into cash within a year. Over the last twelve months it generated 2.33B USD of free cash flow.

Is Keurig Dr Pepper growing?

Keurig Dr Pepper's revenue grew 7.4% a year over its last five fiscal years, from 11.62B USD in fiscal year 2020 to 16.60B USD in fiscal year 2025. Over the last twelve months it was up 43.0% on the twelve months before.

Where can I find Keurig Dr Pepper's annual report (10-K)?

Keurig Dr Pepper files its annual report (Form 10-K) and its quarterly reports (Form 10-Q) with the US Securities and Exchange Commission, on its EDGAR site; the figures on these pages come from them.

Keurig Dr Pepper
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Arincen ScoreBeta57/100

57/100B

38.265

USD

0.66

(1.76%)

Post Trading·38.360USD+0.095(+0.25%)

Fair valueNot reliable

Q4 FY2026 · Earnings report

EPS estimate 0.67Revenue estimate 7.63B

Q4 FY2026 · Earnings report

Tuesday 23 February

EPS estimate 0.67Revenue estimate 7.63B

Fair valueNot reliable

Q4 FY2026 · Earnings report

EPS estimate 0.67Revenue estimate 7.63B

Q4 FY2026 · Earnings report

Tuesday 23 February

EPS estimate 0.67Revenue estimate 7.63B

Overview Financials Forecast Earnings Dividends Company

Keurig Dr Pepper financials

Yes. Keurig Dr Pepper earned 1.65B USD of net income over the last twelve months, 7.1% of its revenue. It made a profit in 21 of its 22 fiscal years since 2004. Its last loss was in fiscal year 2008.

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 23.13B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 1.65B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 2.33B USD
Cash and short-term investments: 1.29B USD
Total debt: 28.87B USD
Shareholders' equityWhat is a balance sheet? The balance sheet lists what a company owns (assets), what it owes (liabilities) and what is left for its shareholders (equity) on one date.: 25.43B USD

Cash, debt and equity as of 30 Sept 2026.

Keurig Dr Pepper earnings

Next earnings · Q4 FY2026

23 Feb 2027

EPS estimate

0.67 USD

Revenue estimate

7.63B USD

Last quarter · Q3 FY2026

EPS0.66Beat +6.8%Revenue7.34BBeat +0.2%

Revenue

ReportedEstimate

EPS

ReportedEstimate

Period	Report date	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
Q3 FY2027	—	0.68	—	—	+2.82%	7.60B	—	—	+3.49%
Q2 FY2027	—	0.63	—	—	+10.55%	7.51B	—	—	+2.82%
Q1 FY2027	—	0.49	—	—	+25.79%	6.89B	—	—	+73.19%
Q4 FY2026	23 Feb 2027	0.67	—	—	+11.67%	7.63B	—	—	+69.57%
Q3 FY2026	3 Nov 2026	0.62	0.66	+6.80%	+22.22%	7.33B	7.34B	+0.23%	+70.55%
Q2 FY2026	6 Aug 2026	0.54	0.57	+6.15%	+16.33%	7.23B	7.31B	+1.07%	+75.57%
Q1 FY2026	23 Apr 2026	0.37	0.39	+4.73%	-7.14%	3.84B	3.98B	+3.65%	+9.38%
Q4 FY2025	24 Feb 2026	0.59	0.60	+1.87%	+3.45%	4.36B	4.50B	+3.16%	+10.54%
Q3 FY2025	27 Oct 2025	0.54	0.54	+0.56%	+5.88%	4.15B	4.31B	+3.68%	+10.67%
Q2 FY2025	24 Jul 2025	0.49	0.49	+0.97%	+8.89%	4.14B	4.16B	+0.65%	+6.14%

Period	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
FY2028	2.73	—	—	+7.91%	30.77B	—	—	+3.05%
FY2027	2.53	—	—	+10.29%	29.85B	—	—	+13.67%
FY2026	2.30	—	—	+12.08%	26.26B	—	—	+58.19%
FY2025	2.04	2.05	+0.34%	+6.77%	16.47B	16.60B	+0.83%	+8.16%
FY2024	1.92	1.92	+0.26%	+7.26%	15.29B	15.35B	+0.42%	+3.62%
FY2023	1.78	1.79	+0.57%	+6.55%	14.86B	14.81B	-0.32%	+5.39%
FY2022	1.68	1.68	-0.07%	+5.00%	14.04B	14.06B	+0.13%	+10.83%

Keurig Dr Pepper growth and profitability

Full income statement

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 23.13B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 1.65B USD
Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.: 48.03%
Operating margin: 15.56%
Net margin: 7.12%

Revenue / Net income

Revenue Net income Net margin

Period	Revenue	Growth	Net income	Growth	Gross margin	Operating margin	Net margin	EBITDA	Growth
FY2025	16.60B	+8.16%	2.08B	+44.27%	54.20%	21.53%	12.52%	4.19B	+24.01%
FY2024	15.35B	+3.62%	1.44B	-33.93%	55.56%	16.88%	9.39%	3.38B	-14.88%
FY2023	14.81B	+5.39%	2.18B	+51.88%	54.54%	21.56%	14.72%	3.97B	+27.30%
FY2022	14.06B	+10.83%	1.44B	-33.08%	52.10%	18.53%	10.22%	3.12B	-22.09%
FY2021	12.68B	+9.17%	2.15B	+61.96%	55.01%	22.82%	16.92%	4.01B	+33.09%

Period	Revenue	Net income	Gross margin	Operating margin	Net margin
Q3 FY2026	7.34B	882.00M	48.00%	18.15%	12.01%
Q2 FY2026	7.31B	142.00M	41.95%	8.59%	1.94%
Q1 FY2026	3.98B	270.00M	52.77%	19.01%	6.79%
Q4 FY2025	4.50B	353.00M	53.77%	19.58%	7.85%
Q3 FY2025	4.31B	662.00M	54.34%	23.11%	15.37%

How Keurig Dr Pepper makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

LRB11.60B 69.9%

K-Cup Pods3.78B 22.7%

Appliances646.00M 3.9%

Other Products578.00M 3.5%

Revenue16.60B 100.0%

Cost of revenue7.60B 45.8%

Gross profit9.00B 54.2%

Selling and administration5.35B 32.2%

Other operating expenses73.00M 0.4%

Operating income3.58B 21.5%

Tax608.00M 3.7%

Other expense888.00M 5.3%

Net income2.08B 12.5%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Keurig Dr Pepper revenue breakdown

By product

FY2025

69.9%LRB22.7%K-Cup Pods3.9%Appliances3.5%Other Products

Segment	Revenue	Share of revenue	Change on the year
LRB	11.60B	69.9%	+9.8%
K-Cup Pods	3.78B	22.7%	+4.5%
Appliances	646.00M	3.9%	-16.3%
Other Products	578.00M	3.5%	+44.9%

By region

FY2025

87.3%United States12.7%International

Region	Revenue	Share of revenue	Change on the year
United States	14.50B	87.3%	+8.5%
International	2.10B	12.7%	+6.0%

Operating and free cash flow

Full cash flow statement

Operating cash flow Free cash flow

Fiscal year	Operating cash flow	Free cash flow
FY2025	1.99B	1.51B
FY2024	2.22B	1.66B
FY2023	1.33B	848.00M
FY2022	2.84B	2.46B
FY2021	2.87B	2.42B
FY2020	2.46B	1.94B
FY2019	2.47B	2.11B
FY2018	1.61B	1.43B
FY2017	1.04B	830.00M
FY2016	939.00M	757.00M

Keurig Dr Pepper financial health

Full balance sheet

Cash and short-term investments: 1.29B USD
Total debt: 28.87B USD
Net cash: -27.58B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 2.33B USD
Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.: 0.52
Debt to equityWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.: 1.14
Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.: 5 / 9
Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.: 0.90

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow

Fiscal year	Cash and short-term investments	Total debt	Free cash flow
FY2025	1.03B	16.14B	1.51B
FY2024	510.00M	17.27B	1.66B
FY2023	267.00M	14.82B	848.00M
FY2022	535.00M	13.58B	2.46B
FY2021	567.00M	13.27B	2.42B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity

Fiscal year	Total assets	Total liabilities	Shareholders' equity
FY2025	55.46B	29.94B	25.52B
FY2024	53.43B	29.19B	24.24B
FY2023	52.13B	26.45B	25.68B
FY2022	51.84B	26.71B	25.13B
FY2021	50.60B	25.63B	24.97B
FY2020	49.78B	25.95B	23.83B
FY2019	49.52B	26.26B	23.26B
FY2018	48.92B	26.39B	22.53B
FY2017	10.02B	7.57B	2.45B
FY2016	9.79B	7.66B	2.13B

Keurig Dr Pepper valuation

Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.: 34.66
Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.: 16.65
Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.: 2.25
Price to bookWhat is the P/B ratio? The price-to-book ratio compares a company's market value with its book value, the shareholders' equity on its balance sheet.: 2.05
EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.: 16.51

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Market capitalization

52.07B USD

Total debt

28.87B USD

−

Cash and short-term investments

1.29B USD

Enterprise value

79.65B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate

Fiscal year	P/E	Forward P/E	P/S	P/B	EV/EBITDA
FY2028 (est.)	13.99	—	—	—	—
FY2027 (est.)	15.10	13.99	—	—	—
FY2026 (est.)	16.65	15.10	—	—	—
Now (TTM)	34.66	15.29	2.25	2.05	16.51
FY2025	18.31	12.19	2.29	1.49	12.67
FY2024	30.30	15.72	2.85	1.80	17.89
FY2023	21.36	17.41	3.15	1.82	15.40
FY2022	35.31	20.03	3.59	2.01	20.37
FY2021	24.25	21.92	4.11	2.09	16.20

Keurig Dr Pepper against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Monster Beverage, Coca-Cola Consolidated, PepsiCo, Primo Brands, Celsius Holdings, and The Coca-Cola, the US Beverages - Non-Alcoholic companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

P/E (today)Above its median34.7
16.537.2
Gross marginBelow its median54.2%
52.1%55.6%
Against its peers: 3 of 7Peers' median 52.3%
Operating marginAt its median21.5%
16.9%22.8%
Against its peers: 3 of 7Peers' median 12.7%
Net marginAt its median12.5%
9.4%16.9%
Against its peers: 3 of 7Peers' median 8.3%
Return on equityAt its median8.1%
5.7%8.6%
Against its peers: 4 of 6Peers' median 23.1%
Free cash flow marginBelow its median9.1%
5.7%19.1%
Against its peers: 4 of 7Peers' median 9.8%
Revenue growthAt its median8.2%
3.6%10.8%
Against its peers: 4 of 7Peers' median 7.7%
EPS growthAt its median45.7%
-32.7%61.3%
Against its peers: 1 of 6Peers' median -2.6%
Debt to EBITDAAt its median3.85×
3.31×5.11×
Against its peers: 6 of 7Peers' median 3.06×
Current ratioHighest in 5 years0.64
0.380.64
Against its peers: 7 of 7Peers' median 1.36

Figure	FY2025	5-year low – high	Against its history	Against its peers
P/E (today)	34.7	16.537.2	Above its median	—
Gross margin	54.2%	52.1%55.6%	Below its median	3 of 7
Operating margin	21.5%	16.9%22.8%	At its median	3 of 7
Net margin	12.5%	9.4%16.9%	At its median	3 of 7
Return on equity	8.1%	5.7%8.6%	At its median	4 of 6
Free cash flow margin	9.1%	5.7%19.1%	Below its median	4 of 7
Revenue growth	8.2%	3.6%10.8%	At its median	4 of 7
EPS growth	45.7%	-32.7%61.3%	At its median	1 of 6
Debt to EBITDA	3.85×	3.31×5.11×	At its median	6 of 7
Current ratio	0.64	0.380.64	Highest in 5 years	7 of 7

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Keurig Dr Pepper dividends

Annual dividend: 0.92 USD
Dividend yield (indicated)What is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.: 2.40%
Payout ratioWhat is the payout ratio? The payout ratio is the share of a company's earnings paid out as dividends: dividends per share divided by earnings per share (EPS).: 83.33%
Years of dividend growthWhat are years of dividend growth? The years in a row a company has raised its dividend per share. 25 years make an S&P 500 company a Dividend Aristocrat; 50 make a Dividend King.: 5
Frequency: Quarterly
Last payment: 0.23 USD
Last ex-dividend dateWhat is the ex-dividend date? The ex-dividend date is the first day a stock trades without its next dividend: buy before it to receive the payment; buy on or after it and the seller gets it.: 28 Sept 2026
Last payment date: 9 Oct 2026

Dividends per share

Year	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Dividends per share	0.92	0.88	0.82	0.76	0.68	0.60	0.60	105.06	2.27	2.07

Keurig Dr Pepper ownership

InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.: 107.19%
Institutional holders: 891 (+26)
Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.: 99.54%

Who owns the shares

Institutions 100.0% Others 0.0%

As of 30 Jun 2026

Shares free to trade

Free float 1.35B shares ·99.5% Closely held 6.32M shares ·0.5%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

Quarter	Purchases	Sales	Shares acquired	Shares disposed of
Q3 2026	1	3	79.53K	65.03K
Q2 2026	0	0	268.68K	126.89K
Q1 2026	0	0	1.42M	459.97K
Q4 2025	0	1	290.03K	10.00K

Shares outstanding

Basic shares Diluted shares Change in diluted shares

Fiscal year	Basic shares	Diluted shares	Change in diluted shares
FY2025	1.36B	1.36B	-0.40%
FY2024	1.36B	1.37B	-2.85%
FY2023	1.40B	1.41B	-1.41%
FY2022	1.42B	1.43B	+0.04%
FY2021	1.42B	1.43B	+0.41%

Common questions about Keurig Dr Pepper's financials

Source: Financial Modeling Prep

Keurig Dr Pepper
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KDP

Keurig Dr Pepper financials

Keurig Dr Pepper earnings

Revenue

EPS

Keurig Dr Pepper growth and profitability

Revenue / Net income

How Keurig Dr Pepper makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Keurig Dr Pepper revenue breakdown

By product

By region

Operating and free cash flow

Keurig Dr Pepper financial health

Cash, debt and free cash flow

Assets, liabilities and equity

Keurig Dr Pepper valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

Keurig Dr Pepper against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Keurig Dr Pepper dividends

Dividends per share

Keurig Dr Pepper ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about Keurig Dr Pepper's financials

Is Keurig Dr Pepper profitable?

Is Keurig Dr Pepper financially healthy?

Is Keurig Dr Pepper growing?

Where can I find Keurig Dr Pepper's annual report (10-K)?

Need help?

Keurig Dr Pepper DQuotes are delayed by 15 minutes

KDP

Keurig Dr Pepper financials

Keurig Dr Pepper earnings

Revenue

EPS

Keurig Dr Pepper growth and profitability

Revenue / Net income

How Keurig Dr Pepper makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Keurig Dr Pepper revenue breakdown

By product

By region

Operating and free cash flow

Keurig Dr Pepper financial health

Cash, debt and free cash flow

Assets, liabilities and equity

Keurig Dr Pepper valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

Keurig Dr Pepper against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Keurig Dr Pepper dividends

Dividends per share

Keurig Dr Pepper ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about Keurig Dr Pepper's financials

Is Keurig Dr Pepper profitable?

Is Keurig Dr Pepper financially healthy?

Is Keurig Dr Pepper growing?

Where can I find Keurig Dr Pepper's annual report (10-K)?

Need help?

Keurig Dr Pepper
D
Quotes are delayed by 15 minutes