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NASDAQ · BEVERAGES · LARGE CAP

Keurig Dr Pepper Inc. KDP

18 fiscal years on record · USD · FY2025 reported · SEC filings only
5 YEARS OF DIVIDEND GROWTH
$16.6B
▲ 8.2% YoY
$2.1B
▲ 44.3% YoY
$1.5B
▼ 9.1% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Keurig Dr Pepper Inc. manufactures, markets, distributes and sells hot and cold beverages and single serve brewing systems in North America, offering more than 125 owned, licensed and partner brands. It has approximately 30,600 employees, primarily located in North America. As of December 31, 2025, its operating structure consisted of three operating and reportable segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment is a brand owner, manufacturer and distributor of liquid refreshment beverages in the United States, manufacturing and distributing beverage concentrates, syrups, finished beverages and other consumables to third-party bottlers, distributors and retailers. The U.S. Coffee segment is primarily a brand owner, manufacturer and distributor of single serve brewers, specialty coffee and ready-to-drink coffee in the United States. The International segment covers sales in Canada, Mexico, the Caribbean and other international markets from the manufacture and distribution of branded concentrates, syrup and finished beverages to third-party bottlers, distributors and retailers. KDP was created on July 9, 2018, through the combination of the business operations of Keurig, a producer of single serve brewing systems and specialty coffee in the U.S. and Canada, and DPS, a company built through a series of acquisitions of beverage brands in North America.

Written from the business description in Keurig Dr Pepper Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 16.6B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 16.6 · Net income 2.1
10B20B
2008201120142017202020232025
Compound annual growth
+5.7%
+7.4%
+10.2%
+7.5%
+13.1%
+9.4%
+10.5%
+9.6%
+14.8%
+10.5%
+5.9%
+8.9%
−4.8%
+8.3%
+4.1%
−0.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.4% a year over the five years to FY2025 — but profit grew faster: net income at +9.4%, earnings per share at +10.5%.

The share count fell from 1.41B to 1.36B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 21.5% · Net 12.5%
10%20%-2%-4%
200820162025
ROE
FY2025 · ROE 8.4%
10%20%30%
200820162025
Three returns, three denominators.

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders

USD 1.3B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.5
1B2B
200820162025
Net buybacks $B Dividends $B
FY2025 · Dividends 1.2 · Net buybacks 0.0
1B2BDividendsNet buybacks
2008201120142017202020232025

USD 1.2B in dividends and USD 9.0M in buybacks — 61% of the year's profit went back to shareholders.

Total assetsUSD 55.5B
EquityUSD 25.5B
CashUSD 1.0B
Gross debtUSD 13.9B
Net debtUSD 12.9B
Current ratio0.64×

Net debt stands at 51% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
KDP, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B16.615.414.814.112.711.611.17.44.36.46.36.16.06.05.95.65.55.7
Operating income $B3.62.63.22.62.92.52.41.20.91.41.31.21.01.11.01.01.1−0.2
EBITDA $B4.03.03.63.03.32.82.71.51.01.61.51.41.21.31.21.21.3−0.0
Income tax $B0.60.50.60.30.70.40.40.20.20.40.40.4−0.10.30.30.30.3−0.1
Net income $B2.11.42.21.42.11.31.30.60.40.80.80.70.60.60.60.50.6−0.3
Free cash flow $B1.51.70.92.52.52.02.11.41.70.80.80.90.70.30.52.30.50.4
EPS, diluted $1.531.051.551.011.500.930.880.530.474.543.973.563.052.962.742.172.17−1.23
Dividend / sh $0.920.890.830.780.710.600.60◌2.321.741.921.641.521.361.210.900.150.00
Payout %608352754564674015464645484541370−0
ROE %8.45.88.65.78.85.65.53.97.939.234.130.827.427.725.718.717.4◌
Shares out B1.361.361.391.411.421.411.411.410.180.180.190.190.200.210.210.220.25◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 89 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityBeverages
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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