Zacks Investment Research·1 day ago
Is Keurig Dr Pepper's Innovation Engine Still Driving Share Gains?KDP's Dr Pepper gains share as Zero Sugar growth, Creamy Coconut relaunch and sharper in-store execution support its 2026 momentum.
Keurig Dr Pepper Inc.(KDP)Earnings, Financials & Key Ratios
KDP•NASDAQ
$31.49
20.6× P/E·Price updated Jul 7, 2026
SectorConsumer DefensiveIndustryNon-Alcoholic BeveragesSub-IndustryAt-Home Beverage Systems and Concentrates
AboutKeurig Dr Pepper Inc. operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee. This segment sells its brewers through third-party distributors and retail partners, as well as through its website at keurig.com. The Packaged Beverages segment engages in the manufacture and distribution of packaged beverages of its brands; contract manufacturing of various private label and emerging brand beverages; and distribution of packaged beverages for its partner brands. The Beverage Concentrates segment manufactures and sells beverage concentrates primarily under the Dr Pepper, Canada Dry, A&W, 7UP, Sunkist, Squirt, Big Red, RC Cola, Vernors, Snapple, Mott's, Bai, Hawaiian Punch, Clamato, Yoo-Hoo, Core, ReaLemon, evian, Vita Coco, and Mr and Mrs T mixers brands. This segment also manufactures beverage concentrates into syrup. The Latin America Beverages segment manufactures and distributes carbonated mineral water, flavored carbonated soft drinks, bottled water, and vegetable juice products under the Peñafiel, Clamato, Squirt, Dr Pepper, Crush, and Aguafiel brands. The company serves retailers, bottlers and distributors, restaurants, hotel chains, office coffee distributors, and end-use consumers. Keurig Dr Pepper Inc. was founded in 1981 and is headquartered in Burlington, Massachusetts.Show more
- Revenue$16.6B+8.2%
- EBITDA$4.4B+32.4%
- Net Income$2.08B+44.3%
- EPS (Diluted)1.53+45.7%
- Gross Margin52.41%-5.7%
- EBITDA Margin26.51%+22.4%
- Operating Margin21.97%+30.2%
- Net Margin12.52%+33.4%
- ROE8.36%+44.7%
KDP Price & Volume
Keurig Dr Pepper Inc. (KDP) stock price & volume — 10-year historical chart
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Revenue Growth Acceleration Masks Persistent Margin Compression
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Strained
Cash Flow:Mixed
Primary Risk:Elevated debt and goodwill
Key Thesis Takeaways
- Keurig Dr Pepper is currently navigating a complex transition where top-line revenue growth of 9.4% in 2026Q1 is being offset by significant structural margin compression and a ballooning debt profile.
- While the company's distribution-as-a-service model is driving volume, the 47.4% year-over-year decline in EPS and the concentration of $20.2 billion in goodwill suggest that long-term value creation remains highly sensitive to input cost volatility.
- Investors should monitor the sustainability of cash flows as the company balances a $25.7 billion debt load against stagnant retained earnings of $5.6 billion.
Verdict Logic
while the forward P/E of 14.63 appears attractive, the significant debt expansion to $25.7 billion and the 47.4% decline in EPS growth warrant a cautious approach until operational leverage stabilizes.
KDP Growth Metrics
Keurig Dr Pepper Inc. (KDP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.21%
5 Years7.4%
3 Years5.71%
TTM9.19%
Profit CAGR
10 Years10.53%
5 Years9.43%
3 Years13.13%
TTM21.81%
EPS CAGR
10 Years-9.09%
5 Years10.47%
3 Years14.85%
TTM22.73%
Return on Capital
10 Years8.35%
5 Years6.74%
3 Years7.03%
Last Year7.89%
KDP Recent Earnings
Keurig Dr Pepper Inc. (KDP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.39+4.7%
$0.37
Rev
$4.0B+3.7%
$3.8B
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$0.60+1.9%
$0.59
Rev
$4.5B+3.2%
$4.4B
Q4 2025
Oct 27, 2025Metric
Actual
Est
EPS
$0.54+0.6%
$0.54
Rev
$4.3B+3.7%
$4.2B
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$0.49+1.0%
$0.49
Rev
$4.2B+0.6%
$4.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.39vs $0.37+4.7% | $4.0Bvs $3.8B+3.7% |
| Q1 2026 | Feb 24, 2026 | $0.60vs $0.59+1.9% | $4.5Bvs $4.4B+3.2% |
| Q4 2025 | Oct 27, 2025 | $0.54vs $0.54+0.6% | $4.3Bvs $4.2B+3.7% |
| Q3 2025 | Jul 24, 2025 | $0.49vs $0.49+1.0% | $4.2Bvs $4.1B+0.6% |
Based on last 12 quarters of dataView full earnings history →
Latest KDP News
Recent stock market news and headlines for Keurig Dr Pepper Inc. (KDP)
Seeking Alpha·5 days ago
Keurig Dr Pepper Disappointed Me (Rating Downgrade)KDP is downgraded to Hold due to unattractive risk-reward and underperformance versus peers. KDP's operating margin declined 190 bps despite high single-digit revenue growth, contrasting with KO's margin improvement. The U.S. Coffee segment continues to struggle, with modest profit declines expected through 2026 and separation targeted for early 2027.
247 Wallst·6 days ago
Live Nasdaq Composite: Markets Kick Off H2 2026 on Cautious Note amid Chip Stock Profit TakingLive Updates Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now. Wells Fargo's Q3 Outlook 51 minutes ago Live Wells Fargo is betting on a strong summer for stocks, telling clients the Q3 sets up nicely for a rally before midterm election... Live Nasdaq Composite: Markets Kick Off H2 2026 on Cautious Note amid Chip Stock Profit Taking
PRNewsWire·Jun 25, 2026
Keurig Dr Pepper to Report Second Quarter 2026 Results and Host Conference CallFRISCO, Texas and BURLINGTON, Mass., June 25, 2026 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) will release its financial results for the second quarter ended June 30, 2026 before the market opens on Thursday, August 6, 2026.
Benzinga·Jun 25, 2026
This Keurig Dr Pepper Analyst Turns Bullish; Here Are Top 4 Upgrades For ThursdayTop Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Peers Comparison
Key metrics vs top competitors for Keurig Dr Pepper Inc. (KDP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $31.49 | $42.78B | 20.58 | 8.16% | 12.52% | 8.36% | 2.91% | |
| $144.98 | $198.18B | 24.16 | 2.25% | 9.16% | 43.62% | — | |
| $84.05 | $361.76B | 27.65 | 1.87% | 27.8% | 41.06% | — | |
| $96.92 | $94.79B | 49.96 | 10.7% | 23.11% | 25.46% | — | |
| $31.70 | $8.1B | 126.80 | 85.54% | 5.85% | 7.51% | — | |
| $32.48 | $3.04B | 16.57 | -1.73% | 15.56% | 32.19% | — |
Compare KDP vs Peers
Keurig Dr Pepper Inc. (KDP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KDP SEC Filings & Documents
Keurig Dr Pepper Inc. (KDP) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 23, 2026·SEC
Material company update
Apr 1, 2026·SEC
Material company update
Mar 26, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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KDP Frequently Asked Questions
Keurig Dr Pepper Inc. (KDP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Keurig Dr Pepper Inc.'s revenue?
Keurig Dr Pepper Inc. (KDP) reported $16.94B in revenue for fiscal year 2025. This represents a 453% increase from $3.06B in 2004.
How fast is Keurig Dr Pepper Inc. growing?
Keurig Dr Pepper Inc. (KDP) grew revenue by 8.2% over the past year. This is steady growth.
Is KDP profitable?
Yes, Keurig Dr Pepper Inc. (KDP) is profitable, generating $1.83B in net income for fiscal year 2025 (12.5% net margin).
Dividend & Returns
Does KDP pay dividends?
Yes, Keurig Dr Pepper Inc. (KDP) pays a dividend with a yield of 2.91%. This makes it attractive for income-focused investors.
What is KDP's return on equity?
Keurig Dr Pepper Inc. (KDP) has a return on equity (ROE) of 8.4%. This is below average, suggesting room for improvement.
What is Keurig Dr Pepper Inc.'s free cash flow?
Keurig Dr Pepper Inc. (KDP) generated $1.58B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.