KO vs PEP
Coca-Cola (KO) and PepsiCo (PEP) compared side by side. Coca-Cola (KO) is larger, with a market cap of $398.9B versus $185.0B for PepsiCo, about 2.2 times the size. On trailing earnings, PEP is cheaper at 17.1x versus 27.8x for KO.
Head to head
| Metric | KO | PEP |
|---|---|---|
| Market cap | $398.9B | $185.0B |
| P/E (TTM) | 27.8x | 17.1x |
| Forward P/E | 26.3x | 15.7x |
| Revenue (TTM) | $50.1B | $98.2B |
| Revenue growth | 6.7% | 5.6% |
| Gross margin | 61.9% | 54.3% |
| Operating margin | 34.9% | 16.9% |
| Free cash flow | $14.3B | $10.5B |
| Dividend yield | 2.29% | 4.36% |
| 1-year return | +36.1% | -6.8% |
| 5-year return (annual) | +14.5% | -0.0% |
| Max drawdown | -68% | -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)
$10.0K
$15.0K
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KO vs PEP FAQ
Which is bigger, KO or PEP?
Coca-Cola (KO) is larger, with a market cap of $398.9B versus $185.0B for PepsiCo, about 2.2 times the size.
Is KO or PEP cheaper?
On trailing earnings, PEP is cheaper at 17.1x versus 27.8x for KO. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, KO or PEP?
KO returned +36.1% over the past year including dividends, versus -6.8% for PEP, through October 23, 2026.
Which pays a higher dividend, KO or PEP?
PEP yields 4.36% versus 2.29% for KO.