MDLZ vs PEP
Mondelez International, Inc. and PepsiCo Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MDLZ | PEP |
|---|---|---|
| Revenue | $38.5B | $93.9B |
| Net income | $2.5B | $8.2B |
| Gross margin | 28.4% | 54.1% |
| Net margin | 6.4% | 8.8% |
| Return on equity | 9.3% | 42.9% |
| Diluted EPS | $1.89 | $6.00 |
| Dividend / share | $1.94 | $5.62 |
| Payout ratio | 101.5% | 92.7% |
| Free cash flow | $3.2B | $7.7B |
| Equity | $25.8B | $20.4B |
| Net debt / equity | 0.69× | 1.96× |
| Current ratio | 0.59× | 0.85× |
| Revenue CAGR 5y | 7.7% | 5.9% |
| Profit CAGR 5y | −7.2% | 3.0% |
PEP bills 2.4× the revenue of MDLZ, and keeps more of each dollar of revenue as profit (8.8% against 6.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MDLZ | PEP |
|---|---|---|
| FY2025 | $38.5B | $93.9B |
| FY2024 | $36.4B | $91.9B |
| FY2023 | $36.0B | $91.5B |
| FY2022 | $31.5B | $86.4B |
| FY2021 | $28.7B | $79.5B |
| FY2020 | $26.6B | $70.4B |
| FY2019 | $25.9B | $67.2B |
| FY2018 | $25.9B | $64.7B |
| FY2017 | $25.9B | $63.5B |
| FY2016 | $25.9B | $62.8B |
Bottom line
| Fiscal year | MDLZ | PEP |
|---|---|---|
| FY2025 | $2.5B | $8.2B |
| FY2024 | $4.6B | $9.6B |
| FY2023 | $5.0B | $9.1B |
| FY2022 | $2.7B | $8.9B |
| FY2021 | $4.3B | $7.6B |
| FY2020 | $3.6B | $7.1B |
| FY2019 | $3.9B | $7.3B |
| FY2018 | $3.3B | $12.5B |
| FY2017 | $2.8B | $4.9B |
| FY2016 | $1.6B | $6.3B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$55,388,000,000 | PEP |
| FY2024 | −$55,413,000,000 | PEP |
| FY2023 | −$55,455,000,000 | PEP |
| FY2022 | −$54,896,000,000 | PEP |
| FY2021 | −$50,754,000,000 | PEP |
| FY2020 | −$43,791,000,000 | PEP |
| FY2019 | −$41,293,000,000 | PEP |
| FY2018 | −$38,723,000,000 | PEP |
| FY2017 | −$37,629,000,000 | PEP |
| FY2016 | −$36,876,000,000 | PEP |
| FY2015 | −$33,420,000,000 | PEP |
| FY2014 | −$32,439,000,000 | PEP |
| FY2013 | −$31,116,000,000 | PEP |
| FY2012 | −$30,477,000,000 | PEP |
| FY2011 | −$30,694,000,000 | PEP |
| FY2010 | −$26,349,000,000 | PEP |
| FY2009 | −$4,478,000,000 | PEP |
| FY2008 | −$2,759,000,000 | PEP |
| FY2007 | −$3,616,000,000 | PEP |
PEP has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.4 pp | PEP |
| FY2024 | +2.2 pp | MDLZ |
| FY2023 | +3.8 pp | MDLZ |
| FY2022 | −1.7 pp | PEP |
| FY2021 | +5.4 pp | MDLZ |
| FY2020 | +3.2 pp | MDLZ |
| FY2019 | +4.3 pp | MDLZ |
| FY2018 | −6.6 pp | PEP |
| FY2017 | +3.2 pp | MDLZ |
| FY2016 | −3.8 pp | PEP |
| FY2015 | +15.9 pp | MDLZ |
| FY2014 | −3.4 pp | PEP |
| FY2013 | +0.9 pp | MDLZ |
| FY2012 | −0.7 pp | PEP |
| FY2011 | +0.3 pp | MDLZ |
| FY2010 | +2.2 pp | MDLZ |
| FY2009 | −6.0 pp | PEP |
| FY2008 | −4.8 pp | PEP |
| FY2007 | −6.8 pp | PEP |
The higher net margin has changed hands between MDLZ and PEP over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MDLZ's net margin has been more volatile than PEP's over the 19 comparable fiscal years — 4.3 percentage points of standard deviation against 2.5.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MDLZ and PEP over these 19 fiscal years — MDLZ led in 10 and PEP in 9.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PEP's return on equity has been more volatile than MDLZ's over the 19 comparable fiscal years — 15.5 percentage points of standard deviation against 4.3.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
PEP led in return on equity in every one of the 19 comparable fiscal years — a structural lead, not a recent swing.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.