KDP vs PEP
Keurig Dr Pepper (KDP) and PepsiCo (PEP) compared side by side. PepsiCo (PEP) is larger, with a market cap of $185.0B versus $47.2B for Keurig Dr Pepper, about 3.9 times the size. On trailing earnings, PEP is cheaper at 17.1x versus 35.0x for KDP.
Head to head
| Metric | KDP | PEP |
|---|---|---|
| Market cap | $47.2B | $185.0B |
| P/E (TTM) | 35.0x | 17.1x |
| Forward P/E | 13.7x | 15.7x |
| Revenue (TTM) | $20.1B | $98.2B |
| Revenue growth | 75.6% | 5.6% |
| Gross margin | 51.0% | 54.3% |
| Operating margin | 12.9% | 16.9% |
| Free cash flow | $2.0B | $10.5B |
| Dividend yield | 2.65% | 4.36% |
| 1-year return | +29.9% | -6.8% |
| 5-year return (annual) | +2.7% | -0.0% |
| Max drawdown | -55% | -66% |
| FI Handbook grade | B- | B- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
KDP vs PEP FAQ
Which is bigger, KDP or PEP?
PepsiCo (PEP) is larger, with a market cap of $185.0B versus $47.2B for Keurig Dr Pepper, about 3.9 times the size.
Is KDP or PEP cheaper?
On trailing earnings, PEP is cheaper at 17.1x versus 35.0x for KDP. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, KDP or PEP?
KDP returned +29.9% over the past year including dividends, versus -6.8% for PEP, through October 23, 2026.
Which pays a higher dividend, KDP or PEP?
PEP yields 4.36% versus 2.65% for KDP.
Full pages: Keurig Dr Pepper · PepsiCo