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MARKETS / COMPARE / PEP VS TSN

PEP vs TSN

PepsiCo Inc. and Tyson Foods, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.

At a glance

Most recent reported year

PEP vs TSN, at a glance
Metric PEP TSN
Revenue$93.9B$54.4B
Net income$8.2B$474.0M
Gross margin54.1%6.5%
Net margin8.8%0.9%
Return on equity42.9%2.6%
Diluted EPS$6.00$1.33
Dividend / share$5.62·
Payout ratio92.7%147.0%
Free cash flow$7.7B$1.2B
Equity$20.4B$18.1B
Net debt / equity1.96×0.42×
Current ratio0.85×1.55×
Revenue CAGR 5y5.9%4.7%
Profit CAGR 5y3.0%−25.5%

PEP bills 1.7× the revenue of TSN, and keeps more of each dollar of revenue as profit (8.8% against 0.9%).

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.

Revenue by year

10 years side by side

PEP vs TSN, revenue by year
Fiscal year PEP TSN
FY2025$93.9B$54.4B
FY2024$91.9B$53.3B
FY2023$91.5B$52.9B
FY2022$86.4B$53.3B
FY2021$79.5B$47.0B
FY2020$70.4B$43.2B
FY2019$67.2B$42.4B
FY2018$64.7B$40.1B
FY2017$63.5B$38.3B
FY2016$62.8B$36.9B
Net income by year

Bottom line

PEP vs TSN, net income by year
Fiscal year PEP TSN
FY2025$8.2B$474.0M
FY2024$9.6B$800.0M
FY2023$9.1B$-648.0M
FY2022$8.9B$3.2B
FY2021$7.6B$3.0B
FY2020$7.1B$2.1B
FY2019$7.3B$2.0B
FY2018$12.5B$3.0B
FY2017$4.9B$1.8B
FY2016$6.3B$1.8B
Revenue gap over time

18 fiscal years

Revenue gap over time
Fiscal year Difference Ahead
FY2025+$39,484,000,000PEP
FY2024+$38,545,000,000PEP
FY2023+$38,590,000,000PEP
FY2022+$33,110,000,000PEP
FY2021+$32,425,000,000PEP
FY2020+$27,187,000,000PEP
FY2019+$24,756,000,000PEP
FY2018+$24,609,000,000PEP
FY2017+$25,265,000,000PEP
FY2016+$25,918,000,000PEP
FY2015+$21,683,000,000PEP
FY2014+$29,103,000,000PEP
FY2013+$32,041,000,000PEP
FY2012+$32,437,000,000PEP
FY2011+$34,472,000,000PEP
FY2010+$29,408,000,000PEP
FY2009+$16,528,000,000PEP
FY2008+$16,389,000,000PEP

PEP has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.

18 of 19 comparable fiscal years — a year missing data on either side is not counted.

Net margin gap over time

18 fiscal years

Net margin gap over time
Fiscal year Difference Ahead
FY2025+7.9 ppPEP
FY2024+8.9 ppPEP
FY2023+11.2 ppPEP
FY2022+4.3 ppPEP
FY2021+3.2 ppPEP
FY2020+5.4 ppPEP
FY2019+6.2 ppPEP
FY2018+12.0 ppPEP
FY2017+3.1 ppPEP
FY2016+5.4 ppPEP
FY2015+5.8 ppPEP
FY2014+7.6 ppPEP
FY2013+8.0 ppPEP
FY2012+7.7 ppPEP
FY2011+7.4 ppPEP
FY2010+8.3 ppPEP
FY2009+15.9 ppPEP
FY2008+11.6 ppPEP

PEP has kept the higher net margin in every one of these 18 fiscal years.

18 of 19 comparable fiscal years — a year missing data on either side is not counted.

Net margin volatility

Standard deviation, each side

TSN's net margin has been more volatile than PEP's over the 18 comparable fiscal years — 2.5 percentage points of standard deviation against 2.5.

18 of 19 comparable fiscal years — a year missing data on either side is not counted.

Who led in net margin

Year by year

PEP led in net margin in every one of the 18 comparable fiscal years — a structural lead, not a recent swing.

18 of 19 comparable fiscal years — a year missing data on either side is not counted.

Return on equity volatility

Standard deviation, each side

PEP's return on equity has been more volatile than TSN's over the 18 comparable fiscal years — 15.7 percentage points of standard deviation against 8.8.

18 of 19 comparable fiscal years — a year missing data on either side is not counted.

Who led in return on equity

Year by year

PEP led in return on equity in every one of the 18 comparable fiscal years — a structural lead, not a recent swing.

18 of 19 comparable fiscal years — a year missing data on either side is not counted.

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