Keurig Dr Pepper (KDP) Financials

$32.85 -0.07 (-0.20%)

As of 02:03 PM Eastern

Annual Income Statements for Keurig Dr Pepper

This table shows Keurig Dr Pepper's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/24/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,441	2,181	1,436	2,146	1,325	1,254	586	1,078	849	764
Consolidated Net Income / (Loss)	1,441	2,181	1,435	2,145	1,325	1,254	589	1,078	849	764
Net Income / (Loss) Continuing Operations	1,441	2,181	1,435	2,145	1,325	1,254	589	1,078	849	764
Total Pre-Tax Income	1,914	2,757	1,719	2,798	1,753	1,694	791	1,173	1,283	1,184
Total Operating Income	2,591	3,192	2,605	2,894	2,480	2,378	1,237	1,388	1,433	1,298
Total Gross Profit	8,529	8,080	7,323	6,977	6,486	6,342	3,882	3,995	3,858	3,723
Total Revenue	15,351	14,814	14,057	12,683	11,618	11,120	7,442	6,690	6,440	6,282
Operating Revenue	15,351	14,814	14,057	12,683	11,618	11,120	7,442	6,690	6,440	6,282
Total Cost of Revenue	6,822	6,734	6,734	5,706	5,132	4,778	3,560	2,695	2,582	2,559
Operating Cost of Revenue	6,822	6,734	6,734	5,706	5,132	4,778	3,560	2,695	2,582	2,559
Total Operating Expenses	5,938	4,888	4,718	4,083	4,006	3,964	2,645	2,607	2,425	2,425
Selling, General & Admin Expense	5,013	4,912	4,645	4,153	3,978	3,962	2,635	2,556	2,329	2,313
Other Operating Expenses / (Income)	207	-26	-105	-70	-39	2.00	10	-51	-3.00	7.00
Impairment Charge	718	2.00	477	0.00	67	0.00	0.00	-	-	-
Other Special Charges / (Income)	0.00	0.00	-299	0.00	0.00	-	-	-	-	-
Total Other Income / (Expense), net	-677	-435	-886	-96	-727	-684	-446	-215	-150	-114
Interest Expense	0.00	0.00	217	605	608	665	465	226	178	117
Interest & Investment Income	-735	-496	-643	524	0.00	0.00	-	3.00	3.00	2.00
Other Income / (Expense), net	58	61	-26	-15	-119	-19	19	8.00	25	1.00
Income Tax Expense	473	576	284	653	428	440	202	95	434	420
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	-1.00	-1.00	0.00	0.00	3.00	-	-	-
Basic Earnings per Share	$1.06	$1.56	$1.01	$1.52	$0.94	$0.89	$0.54	$5.91	$4.57	$4.00
Weighted Average Basic Shares Outstanding	1.36B	1.40B	1.42B	1.42B	1.41B	1.41B	1.09B	182M	185.40M	190.90M
Diluted Earnings per Share	$1.05	$1.55	$1.01	$1.50	$0.93	$0.88	$0.53	$5.89	$4.54	$3.97
Weighted Average Diluted Shares Outstanding	1.37B	1.41B	1.43B	1.43B	1.42B	1.42B	1.10B	182.80M	186.60M	192.40M
Weighted Average Basic & Diluted Shares Outstanding	1.36B	1.39B	1.41B	1.42B	1.41B	1.41B	1.09B	179.74M	183.09M	191M
Cash Dividends to Common per Share	$0.89	$0.83	$0.78	$0.71	$0.60	$0.60	-	$2.32	-	$1.92

This table shows Keurig Dr Pepper's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	517	-144	616	515	454	693	518	503	467	453	180
Consolidated Net Income / (Loss)	517	-144	616	515	454	693	518	503	467	453	179
Net Income / (Loss) Continuing Operations	517	-144	616	515	454	693	518	503	467	453	179
Total Pre-Tax Income	660	-154	802	672	594	899	664	613	581	558	183
Total Operating Income	801	63	902	861	765	943	896	769	584	673	394
Total Gross Profit	1,985	2,277	2,140	2,172	1,940	2,184	2,111	2,041	1,744	1,996	1,901
Total Revenue	3,635	4,070	3,891	3,922	3,468	3,867	3,805	3,789	3,353	3,803	3,622
Operating Revenue	3,635	4,070	3,891	3,922	3,468	3,867	3,805	3,789	3,353	3,803	3,622
Total Cost of Revenue	1,650	1,793	1,751	1,750	1,528	1,683	1,694	1,748	1,609	1,807	1,721
Operating Cost of Revenue	1,650	1,793	1,751	1,750	1,528	1,683	1,694	1,748	1,609	1,807	1,721
Total Operating Expenses	1,184	2,214	1,238	1,311	1,175	1,241	1,215	1,272	1,160	1,323	1,507
Selling, General & Admin Expense	1,192	1,297	1,245	1,295	1,176	1,258	1,217	1,272	1,165	1,227	1,196
Other Operating Expenses / (Income)	-8.00	199	-7.00	16	-1.00	-17	-4.00	0.00	-5.00	-70	0.00
Total Other Income / (Expense), net	-141	-217	-100	-189	-171	-44	-232	-156	-3.00	-115	-211
Interest Expense	148	-488	106	204	178	-432	237	172	23	-570	207
Other Income / (Expense), net	7.00	30	6.00	15	7.00	20	5.00	16	20	8.00	-4.00
Income Tax Expense	143	-10	186	157	140	206	146	110	114	105	4.00
Basic Earnings per Share	$0.38	($0.10)	$0.45	$0.38	$0.33	$0.50	$0.37	$0.36	$0.33	$0.32	$0.13
Weighted Average Basic Shares Outstanding	1.36B	1.36B	1.36B	1.36B	1.38B	1.40B	1.40B	1.40B	1.41B	1.42B	1.42B
Diluted Earnings per Share	$0.38	($0.11)	$0.45	$0.38	$0.33	$0.49	$0.37	$0.36	$0.33	$0.32	$0.13
Weighted Average Diluted Shares Outstanding	1.36B	1.37B	1.36B	1.36B	1.39B	1.41B	1.41B	1.41B	1.42B	1.43B	1.43B
Weighted Average Basic & Diluted Shares Outstanding	1.36B	1.36B	1.36B	1.36B	1.36B	1.39B	1.40B	1.40B	1.40B	1.41B	1.42B
Cash Dividends to Common per Share	$0.23	-	$0.23	$0.22	$0.22	-	$0.22	$0.20	$0.20	-	$0.20

This table details how cash moves in and out of Keurig Dr Pepper's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/24/2016	12/31/2015
Net Change in Cash & Equivalents	382	-287	-26	322	150	-40	59	-1,632	880	683
Net Cash From Operating Activities	2,219	1,329	2,837	2,874	2,456	2,474	1,613	1,038	961	1,014
Net Cash From Continuing Operating Activities	2,219	1,329	2,837	2,874	2,456	2,474	1,613	1,038	961	1,014
Net Income / (Loss) Continuing Operations	1,441	2,181	1,436	2,146	1,325	1,254	589	1,076	847	764
Consolidated Net Income / (Loss)	1,441	2,181	1,436	2,146	1,325	1,254	589	1,076	847	764
Depreciation Expense	422	402	399	410	362	358	233	198	191	192
Amortization Expense	311	318	310	298	291	300	201	31	33	35
Non-Cash Adjustments To Reconcile Net Income	799	148	873	-292	355	183	165	43	23	64
Changes in Operating Assets and Liabilities, net	-754	-1,720	-181	312	123	379	425	-310	-133	-41
Net Cash From Investing Activities	-1,614	-784	-1,135	210	-316	-150	-19,131	-1,763	-189	-194
Net Cash From Continuing Investing Activities	-1,614	-784	-1,135	210	-316	-150	-19,131	-1,763	-189	-194
Purchase of Property, Plant & Equipment	-563	-425	-353	-423	-461	-330	-180	-202	-180	-179
Acquisitions	-1,066	-372	-988	-32	-61	-59	-19,153	-1,565	-23	-21
Sale of Property, Plant & Equipment	4.00	9.00	168	122	203	247	3.00	3.00	6.00	20
Divestitures	0.00	0.00	50	578	0.00	0.00	169	4.00	17	0.00
Other Investing Activities, net	11	4.00	-12	-35	3.00	-8.00	-5.00	-3.00	-8.00	1.00
Net Cash From Financing Activities	-223	-832	-1,728	-2,762	-1,990	-2,364	17,577	-907	108	-137
Net Cash From Continuing Financing Activities	-223	-832	-1,728	-2,762	-1,990	-2,364	17,577	-907	108	-137
Repayment of Debt	-1,173	1,191	-3,161	-9,313	-11,589	-19,478	-5,398	-567	-911	-10
Repurchase of Common Equity	-1,110	-706	-379	0.00	0.00	-	-	-399	-519	-521
Payment of Dividends	-1,194	-1,142	-1,080	-955	-846	-844	-214	-414	-386	-355
Issuance of Debt	3,510	0.00	3,000	7,556	10,638	18,527	14,206	482	1,950	751
Other Financing Activities, net	-256	-175	-108	-190	-193	-569	-17	-9.00	-26	-2.00
Cash Interest Paid	494	443	363	477	515	521	231	-	-	-
Cash Income Taxes Paid	331	507	686	506	582	433	210	-	-	-

This table details how cash moves in and out of Keurig Dr Pepper's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	145	54	137	141	50	1.00	-14	63	-337	-396	383
Net Cash From Operating Activities	209	849	628	657	85	297	580	381	71	739	759
Net Cash From Continuing Operating Activities	209	849	628	657	85	297	580	381	71	739	759
Net Income / (Loss) Continuing Operations	517	-144	616	515	454	693	518	503	467	453	180
Consolidated Net Income / (Loss)	517	-144	616	515	454	693	518	503	467	453	180
Depreciation Expense	106	112	103	106	101	103	98	94	107	98	96
Amortization Expense	57	71	72	99	69	79	79	81	79	81	76
Non-Cash Adjustments To Reconcile Net Income	-57	694	11	82	12	-44	178	90	-76	-222	571
Changes in Operating Assets and Liabilities, net	-414	116	-174	-145	-551	-534	-293	-387	-506	329	-164
Net Cash From Investing Activities	-57	-1,076	-209	-136	-193	-161	-420	-98	-105	-922	-82
Net Cash From Continuing Investing Activities	-57	-1,076	-209	-136	-193	-161	-420	-98	-105	-922	-82
Purchase of Property, Plant & Equipment	-120	-165	-125	-115	-158	-154	-122	-87	-62	-93	-74
Acquisitions	-14	-925	-85	-19	-37	-9.00	-300	-12	-51	-921	-9.00
Sale of Property, Plant & Equipment	13	3.00	-	1.00	0.00	-	1.00	1.00	7.00	89	1.00
Other Investing Activities, net	64	11	1.00	-3.00	2.00	2.00	1.00	-	1.00	3.00	-
Net Cash From Financing Activities	-7.00	281	-282	-380	158	-135	-174	-220	-303	-213	-294
Net Cash From Continuing Financing Activities	-7.00	281	-282	-380	158	-135	-174	-220	-303	-213	-294
Repayment of Debt	345	241	44	-69	-1,389	549	125	287	230	509	462
Repurchase of Common Equity	0.00	-5.00	-	-	-1,105	-249	-	-226	-231	-291	-
Payment of Dividends	-312	-311	-292	-292	-299	-300	-279	-282	-281	-284	-265
Issuance of Debt	8.00	471	8.00	8.00	3,023	-91	30	27	34	-114	-465
Other Financing Activities, net	-48	-115	-42	-27	-72	-44	-50	-26	-55	-33	-26
Cash Interest Paid	93	186	97	187	24	188	24	192	39	127	28
Cash Income Taxes Paid	60	85	41	179	26	94	94	270	49	120	104

This table presents Keurig Dr Pepper's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/24/2016	12/31/2015
Total Assets	53,430	52,130	51,837	50,598	49,779	49,518	48,918	15,744	9,791	8,869
Total Current Assets	3,997	3,375	3,804	3,057	2,388	2,273	2,159	1,056	2,736	1,817
Cash & Equivalents	510	267	535	567	240	75	83	90	1,787	911
Restricted Cash	80	0.00	-	1.00	15	26	46	5.00	0.00	-
Accounts Receivable	1,502	1,368	1,484	1,148	1,048	1,115	1,150	483	646	628
Inventories, net	1,299	1,142	1,314	894	762	654	626	384	202	209
Prepaid Expenses	606	598	471	447	323	403	254	94	101	69
Plant, Property, & Equipment, net	2,964	2,699	2,491	2,494	2,212	2,028	2,310	790	1,138	1,156
Total Noncurrent Assets	46,469	46,056	45,542	45,047	45,179	45,217	44,449	13,898	5,917	5,896
Long-Term Investments	1,543	1,387	1,000	30	88	151	186	97	23	31
Goodwill	20,053	20,202	20,072	20,182	20,184	20,172	20,011	9,819	2,993	2,988
Intangible Assets	23,634	23,287	23,183	23,856	23,968	24,117	23,967	3,834	2,656	2,663
Noncurrent Deferred & Refundable Income Taxes	39	31	35	42	45	29	26	27	62	64
Other Noncurrent Operating Assets	1,200	1,149	1,252	937	894	748	259	121	183	150
Total Liabilities & Shareholders' Equity	53,430	52,130	51,837	50,598	49,779	49,518	48,918	15,744	9,791	8,869
Total Liabilities	29,187	26,454	26,712	25,626	25,949	26,261	26,385	8,081	7,657	6,686
Total Current Liabilities	8,087	8,916	8,076	6,485	7,694	6,474	5,702	2,018	1,051	1,583
Short-Term Debt	2,642	3,246	895	304	2,345	1,593	1,458	225	10	507
Accounts Payable	2,985	3,597	5,206	4,316	3,740	3,176	2,300	1,580	303	277
Accrued Expenses	1,584	1,242	1,153	1,110	1,040	939	1,012	201	670	708
Other Current Liabilities	876	831	822	755	569	766	932	12	-	-
Total Noncurrent Liabilities	21,100	17,538	18,636	19,141	18,255	19,787	20,683	6,063	6,606	5,103
Long-Term Debt	12,912	9,945	11,072	11,578	11,143	12,827	14,201	3,064	4,468	2,875
Noncurrent Deferred & Payable Income Tax Liabilities	5,435	5,760	5,739	5,986	5,993	6,030	5,923	1,031	812	787
Other Noncurrent Operating Liabilities	2,753	1,833	1,825	1,577	1,119	930	559	1,871	209	260
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	24,243	25,676	25,125	24,972	23,830	23,257	22,533	7,398	2,134	2,183
Total Preferred & Common Equity	24,243	25,676	25,126	24,972	23,829	23,257	22,533	7,398	2,134	2,183
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	24,243	25,676	25,126	24,972	23,829	23,257	22,533	7,398	2,134	2,183
Common Stock	19,726	20,802	21,458	21,799	21,691	21,571	21,485	6,385	97	213
Retained Earnings	4,793	4,559	3,539	3,199	2,061	1,582	1,178	914	2,266	2,165
Accumulated Other Comprehensive Income / (Loss)	-276	315	129	-26	77	104	-130	99	-229	-195
Noncontrolling Interest	0.00	0.00	-1.00	0.00	1.00	0.00	-	-	-	-

This table presents Keurig Dr Pepper's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	53,699	53,430	52,718	52,344	52,286	52,130	51,763	51,801	51,660	51,837	51,440
Total Current Assets	4,346	3,997	4,102	3,819	3,567	3,375	3,406	3,570	3,586	3,804	4,325
Cash & Equivalents	653	510	552	438	317	267	260	278	204	535	925
Restricted Cash	80	80	8.00	-	-	0.00	-	-	-	-	3.00
Accounts Receivable	1,329	1,502	1,448	1,390	1,311	1,368	1,279	1,311	1,451	1,484	1,472
Inventories, net	1,539	1,299	1,351	1,252	1,204	1,142	1,348	1,384	1,391	1,314	1,438
Prepaid Expenses	745	606	743	739	735	598	519	597	540	471	487
Plant, Property, & Equipment, net	2,951	2,964	2,794	2,680	2,695	2,699	2,527	2,489	2,480	2,491	2,483
Total Noncurrent Assets	46,402	46,469	45,822	45,845	46,024	46,056	45,830	45,742	45,594	45,542	44,632
Long-Term Investments	1,568	1,543	1,492	1,468	1,438	1,387	1,336	1,019	1,009	1,000	76
Goodwill	20,062	20,053	20,078	20,081	20,163	20,202	20,122	20,194	20,117	20,072	20,024
Intangible Assets	23,616	23,634	23,072	23,108	23,251	23,287	23,223	23,344	23,273	23,183	23,299
Noncurrent Deferred & Refundable Income Taxes	40	39	41	44	44	31	32	32	35	35	37
Other Noncurrent Operating Assets	1,116	1,200	1,139	1,144	1,128	1,149	1,117	1,153	1,160	1,252	1,196
Total Liabilities & Shareholders' Equity	53,699	53,430	52,718	52,344	52,286	52,130	51,763	51,801	51,660	51,837	51,440
Total Liabilities	29,252	29,187	27,749	27,626	27,633	26,454	26,399	26,534	26,558	26,712	26,339
Total Current Liabilities	9,171	8,087	7,699	7,509	7,004	8,916	8,814	9,056	9,127	8,076	7,233
Short-Term Debt	3,999	2,642	2,472	2,399	1,908	3,246	2,798	2,635	2,310	895	0.00
Accounts Payable	3,154	2,985	3,133	3,099	3,187	3,597	4,090	4,601	4,947	5,206	5,284
Accrued Expenses	1,201	1,584	1,288	1,302	1,169	1,242	1,123	1,030	1,046	1,153	1,129
Other Current Liabilities	817	876	806	709	740	831	803	790	824	822	820
Total Noncurrent Liabilities	20,081	21,100	20,050	20,117	20,629	17,538	17,585	17,478	17,431	18,636	19,106
Long-Term Debt	11,927	12,912	12,413	12,406	12,929	9,945	9,940	9,934	9,929	11,072	11,561
Noncurrent Deferred & Payable Income Tax Liabilities	5,430	5,435	5,736	5,746	5,784	5,760	5,714	5,736	5,739	5,739	5,745
Other Noncurrent Operating Liabilities	2,724	2,753	1,901	1,965	1,916	1,833	1,931	1,808	1,763	1,825	1,800
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	24,447	24,243	24,969	24,718	0.00	25,676	25,364	25,267	25,102	25,125	25,101
Total Preferred & Common Equity	24,447	24,243	24,969	24,718	24,653	25,676	25,364	25,268	25,103	25,126	25,102
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	24,447	24,243	24,969	24,718	24,653	25,676	25,364	25,268	25,103	25,126	25,102
Common Stock	19,725	19,726	19,706	19,697	19,675	20,802	21,028	21,023	21,224	21,458	21,744
Retained Earnings	4,997	4,793	5,249	4,944	4,721	4,559	4,165	3,948	3,724	3,539	3,367
Accumulated Other Comprehensive Income / (Loss)	-275	-276	14	77	257	315	171	297	155	129	-9.00

This table displays calculated financial ratios and metrics derived from Keurig Dr Pepper's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/24/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.62%	5.39%	10.83%	9.17%	4.48%	49.42%	11.24%	3.88%	2.52%	2.63%
EBITDA Growth	-14.88%	20.83%	-8.34%	19.01%	-0.10%	78.52%	4.00%	-3.39%	10.22%	7.84%
EBIT Growth	-18.57%	26.13%	-10.42%	21.94%	0.08%	87.82%	-10.03%	-4.25%	12.24%	10.08%
NOPAT Growth	-22.75%	16.12%	-1.98%	18.36%	6.49%	91.11%	-27.79%	34.52%	13.22%	8.49%
Net Income Growth	-33.93%	51.99%	-33.10%	61.89%	5.66%	112.90%	-45.36%	26.97%	11.13%	8.68%
EPS Growth	-32.26%	53.47%	-32.67%	61.29%	5.68%	66.04%	-91.00%	29.74%	14.36%	11.52%
Operating Cash Flow Growth	66.97%	-53.15%	-1.29%	17.02%	-0.73%	53.38%	55.40%	8.01%	-5.23%	-0.78%
Free Cash Flow Firm Growth	72.55%	-69.76%	-2.18%	26.38%	5.07%	108.48%	-446.07%	-721.30%	-8.48%	1.39%
Invested Capital Growth	1.21%	4.66%	-1.93%	-1.94%	-1.20%	-1.19%	248.87%	126.09%	3.87%	-0.06%
Revenue Q/Q Growth	1.34%	0.43%	3.02%	2.18%	1.64%	1.10%	8.29%	11.04%	0.50%	0.59%
EBITDA Q/Q Growth	-20.44%	7.73%	-0.87%	0.62%	0.00%	6.68%	8.13%	3.97%	0.60%	4.38%
EBIT Q/Q Growth	-24.72%	9.49%	-0.88%	0.00%	-0.21%	7.82%	1.78%	14.90%	0.76%	5.35%
NOPAT Q/Q Growth	-26.80%	7.57%	1.80%	0.44%	0.70%	7.30%	-22.38%	51.47%	1.32%	4.73%
Net Income Q/Q Growth	-36.74%	12.36%	-21.37%	23.99%	1.69%	12.57%	-35.91%	66.10%	-2.08%	4.80%
EPS Q/Q Growth	-36.36%	12.32%	-21.09%	23.97%	1.09%	10.00%	-87.04%	95.03%	-1.52%	5.59%
Operating Cash Flow Q/Q Growth	33.11%	-24.96%	-6.65%	5.55%	5.09%	5.14%	106.79%	-34.18%	-3.51%	3.89%
Free Cash Flow Firm Q/Q Growth	9.55%	-42.04%	-13.45%	30.86%	-8.47%	-9.43%	-5.34%	29.14%	6.71%	1.42%
Invested Capital Q/Q Growth	-0.37%	1.94%	-0.28%	-1.59%	0.26%	-0.35%	-1.25%	-12.42%	-0.15%	0.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.56%	54.54%	52.10%	55.01%	55.83%	57.03%	52.16%	59.72%	59.91%	59.26%
EBITDA Margin	22.03%	26.82%	23.39%	28.28%	25.94%	27.13%	22.71%	24.29%	26.12%	24.29%
Operating Margin	16.88%	21.55%	18.53%	22.82%	21.35%	21.38%	16.62%	20.75%	22.25%	20.66%
EBIT Margin	17.26%	21.96%	18.35%	22.70%	20.32%	21.21%	16.88%	20.87%	22.64%	20.68%
Profit (Net Income) Margin	9.39%	14.72%	10.21%	16.91%	11.40%	11.28%	7.91%	16.11%	13.18%	12.16%
Tax Burden Percent	75.29%	79.11%	83.48%	76.66%	75.58%	74.03%	74.46%	91.90%	66.17%	64.53%
Interest Burden Percent	72.25%	84.75%	66.65%	97.19%	74.25%	71.81%	62.98%	84.03%	88.00%	91.15%
Effective Tax Rate	24.71%	20.89%	16.52%	23.34%	24.42%	25.97%	25.54%	8.10%	33.83%	35.47%
Return on Invested Capital (ROIC)	5.21%	6.94%	6.06%	6.06%	5.04%	4.68%	3.78%	16.29%	20.12%	18.11%
ROIC Less NNEP Spread (ROIC-NNEP)	1.13%	3.81%	-0.76%	5.46%	1.02%	1.24%	0.20%	9.55%	16.24%	15.03%
Return on Net Nonoperating Assets (RNNOA)	0.56%	1.65%	-0.33%	2.73%	0.59%	0.80%	0.12%	5.71%	19.21%	16.02%
Return on Equity (ROE)	5.77%	8.59%	5.73%	8.79%	5.63%	5.48%	3.90%	22.01%	39.33%	34.13%
Cash Return on Invested Capital (CROIC)	4.01%	2.39%	8.00%	8.02%	6.25%	5.88%	-107.11%	-61.04%	16.32%	18.18%
Operating Return on Assets (OROA)	5.02%	6.26%	5.04%	5.74%	4.76%	4.79%	3.88%	10.93%	15.63%	15.16%
Return on Assets (ROA)	2.73%	4.20%	2.80%	4.27%	2.67%	2.55%	1.82%	8.44%	9.10%	8.92%
Return on Common Equity (ROCE)	5.77%	8.59%	5.73%	8.79%	5.63%	5.48%	3.87%	21.41%	39.33%	34.13%
Return on Equity Simple (ROE_SIMPLE)	5.94%	8.49%	5.71%	8.59%	5.56%	5.39%	2.61%	14.57%	39.78%	35.00%
Net Operating Profit after Tax (NOPAT)	1,951	2,525	2,175	2,219	1,875	1,760	921	1,276	948	838
NOPAT Margin	12.71%	17.05%	15.47%	17.49%	16.13%	15.83%	12.38%	19.07%	14.72%	13.33%
Net Nonoperating Expense Percent (NNEP)	4.08%	3.13%	6.81%	0.60%	4.02%	3.43%	3.58%	6.74%	3.89%	3.08%
Return On Investment Capital (ROIC_SIMPLE)	4.90%	6.50%	5.86%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	44.44%	45.46%	47.91%	44.99%	44.17%	42.97%	47.84%	40.28%	40.09%	40.74%
SG&A Expenses to Revenue	32.66%	33.16%	33.04%	32.74%	34.24%	35.63%	35.41%	38.21%	36.16%	36.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	38.68%	33.00%	33.56%	32.19%	34.48%	35.65%	35.54%	38.97%	37.66%	38.60%
Earnings before Interest and Taxes (EBIT)	2,649	3,253	2,579	2,879	2,361	2,359	1,256	1,396	1,458	1,299
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,382	3,973	3,288	3,587	3,014	3,017	1,690	1,625	1,682	1,526
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.78	1.76	1.90	1.96	1.74	1.57	1.39	0.33	1.07	1.07
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.82	3.04	3.39	3.86	3.56	3.29	4.20	0.37	0.35	0.37
Price to Earnings (P/E)	30.02	20.66	33.19	22.82	31.21	29.17	53.40	2.27	2.68	3.07
Dividend Yield	2.74%	2.53%	2.27%	1.95%	2.04%	2.31%	466.36%	17.09%	17.12%	15.46%
Earnings Yield	3.33%	4.84%	3.01%	4.38%	3.20%	3.43%	1.87%	43.99%	37.32%	32.57%
Enterprise Value to Invested Capital (EV/IC)	1.50	1.52	1.63	1.66	1.47	1.36	1.23	0.54	1.03	1.04
Enterprise Value to Revenue (EV/Rev)	3.69	3.82	4.13	4.75	4.69	4.56	6.27	0.88	0.77	0.76
Enterprise Value to EBITDA (EV/EBITDA)	16.76	14.25	17.67	16.80	18.08	16.82	27.60	3.64	2.94	3.14
Enterprise Value to EBIT (EV/EBIT)	21.39	17.40	22.52	20.93	23.09	21.51	37.13	4.23	3.39	3.68
Enterprise Value to NOPAT (EV/NOPAT)	29.05	22.41	26.71	27.16	29.08	28.83	50.63	4.63	5.21	5.71
Enterprise Value to Operating Cash Flow (EV/OCF)	25.54	42.59	20.48	20.96	22.19	20.51	28.91	5.69	5.14	4.72
Enterprise Value to Free Cash Flow (EV/FCFF)	37.79	65.12	20.22	20.51	23.45	22.94	0.00	0.00	6.43	5.69
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.51	0.48	0.48	0.57	0.62	0.69	0.44	2.10	1.55
Long-Term Debt to Equity	0.53	0.39	0.44	0.46	0.47	0.55	0.63	0.41	2.09	1.32
Financial Leverage	0.50	0.43	0.43	0.50	0.58	0.64	0.61	0.60	1.18	1.07
Leverage Ratio	2.11	2.05	2.04	2.06	2.11	2.15	2.14	2.61	4.32	3.83
Compound Leverage Factor	1.53	1.73	1.36	2.00	1.57	1.54	1.35	2.19	3.80	3.49
Debt to Total Capital	39.08%	33.94%	32.26%	32.24%	36.14%	38.27%	41.00%	30.65%	67.73%	60.77%
Short-Term Debt to Total Capital	6.64%	8.35%	2.41%	0.82%	6.28%	4.23%	3.82%	2.04%	0.15%	9.11%
Long-Term Debt to Total Capital	32.44%	25.59%	29.85%	31.42%	29.86%	34.04%	37.18%	28.61%	67.57%	51.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.40%	0.00%	0.00%
Common Equity to Total Capital	60.92%	66.06%	67.74%	67.76%	63.85%	61.73%	59.00%	66.96%	32.27%	39.23%
Debt to EBITDA	4.60	3.32	3.64	3.31	4.48	4.78	9.27	2.08	2.66	2.22
Net Debt to EBITDA	3.97	2.90	3.17	3.15	4.36	4.70	9.08	1.97	1.59	1.60
Long-Term Debt to EBITDA	3.82	2.50	3.37	3.23	3.70	4.25	8.40	1.95	2.66	1.88
Debt to NOPAT	7.97	5.22	5.50	5.36	7.20	8.19	17.00	2.65	4.72	4.04
Net Debt to NOPAT	6.88	4.57	4.80	5.09	7.01	8.05	16.66	2.50	2.81	2.91
Long-Term Debt to NOPAT	6.62	3.94	5.09	5.22	5.94	7.29	15.42	2.48	4.71	3.43
Altman Z-Score	1.37	1.51	1.50	1.59	1.28	1.16	0.90	0.91	1.86	1.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.88%	2.70%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.49	0.38	0.47	0.47	0.31	0.35	0.38	0.52	2.60	1.15
Quick Ratio	0.25	0.18	0.25	0.26	0.17	0.18	0.22	0.28	2.31	0.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,500	869	2,874	2,938	2,325	2,212	-26,099	-4,779	769	841
Operating Cash Flow to CapEx	396.96%	319.47%	1,533.51%	954.82%	951.94%	2,980.72%	911.30%	521.61%	552.30%	637.74%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	13.24	4.86	3.82	3.33	-56.13	-21.15	4.32	7.18
Operating Cash Flow to Interest Expense	0.00	0.00	13.07	4.75	4.04	3.72	3.47	4.59	5.40	8.67
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	12.22	4.25	3.62	3.60	3.09	3.71	4.42	7.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.29	0.27	0.25	0.23	0.23	0.23	0.52	0.69	0.73
Accounts Receivable Turnover	10.70	10.39	10.68	11.55	10.74	9.82	9.11	11.85	10.11	10.09
Inventory Turnover	5.59	5.48	6.10	6.89	7.25	7.47	7.05	9.20	12.56	12.39
Fixed Asset Turnover	5.42	5.71	5.64	5.39	5.48	5.13	4.80	6.94	5.61	5.47
Accounts Payable Turnover	2.07	1.53	1.41	1.42	1.48	1.75	1.84	2.86	8.90	9.04
Days Sales Outstanding (DSO)	34.12	35.14	34.17	31.60	33.98	37.17	40.05	30.80	36.10	36.17
Days Inventory Outstanding (DIO)	65.30	66.56	59.84	52.97	50.35	48.89	51.78	39.68	29.05	29.45
Days Payable Outstanding (DPO)	176.08	238.57	258.06	257.66	245.94	209.16	198.90	127.51	41.00	40.37
Cash Conversion Cycle (CCC)	-76.66	-136.88	-164.05	-173.10	-161.61	-123.10	-107.08	-57.03	24.16	25.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	37,664	37,213	35,557	36,256	36,975	37,425	37,877	10,857	4,802	4,623
Invested Capital Turnover	0.41	0.41	0.39	0.35	0.31	0.30	0.31	0.85	1.37	1.36
Increase / (Decrease) in Invested Capital	451	1,656	-699	-719	-450	-452	27,020	6,055	179	-3.00
Enterprise Value (EV)	56,675	56,600	58,091	60,248	54,506	50,748	46,637	5,910	4,943	4,786
Market Capitalization	43,254	45,063	47,660	48,964	41,360	36,580	31,293	2,451	2,275	2,346
Book Value per Share	$17.87	$18.36	$17.74	$17.61	$16.93	$16.53	$16.22	$40.98	$11.62	$11.56
Tangible Book Value per Share	($14.33)	($12.74)	($12.80)	($13.45)	($14.44)	($14.95)	($15.44)	($34.65)	($19.13)	($18.36)
Total Capital	39,797	38,867	37,092	36,854	37,318	37,677	38,192	11,049	6,612	5,565
Total Debt	15,554	13,191	11,967	11,882	13,488	14,420	15,659	3,386	4,478	3,382
Total Long-Term Debt	12,912	9,945	11,072	11,578	11,143	12,827	14,201	3,161	4,468	2,875
Net Debt	13,421	11,537	10,432	11,284	13,145	14,168	15,344	3,194	2,668	2,440
Capital Expenditures (CapEx)	559	416	185	301	258	83	177	199	174	159
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,038	-2,562	-3,912	-3,692	-3,216	-2,709	-2,214	-832	-92	-170
Debt-free Net Working Capital (DFNWC)	-1,448	-2,295	-3,377	-3,124	-2,961	-2,608	-2,085	-737	1,695	741
Net Working Capital (NWC)	-4,090	-5,541	-4,272	-3,428	-5,306	-4,201	-3,543	-962	1,685	234
Net Nonoperating Expense (NNE)	510	344	740	74	550	506	332	198	99	74
Net Nonoperating Obligations (NNO)	13,421	11,537	10,432	11,284	13,145	14,168	15,344	3,194	2,668	2,440
Total Depreciation and Amortization (D&A)	733	720	709	708	653	658	434	229	224	227
Debt-free, Cash-free Net Working Capital to Revenue	-13.28%	-17.29%	-27.83%	-29.11%	-27.68%	-24.36%	-29.75%	-12.44%	-1.43%	-2.71%
Debt-free Net Working Capital to Revenue	-9.43%	-15.49%	-24.02%	-24.63%	-25.49%	-23.45%	-28.02%	-11.02%	26.32%	11.80%
Net Working Capital to Revenue	-26.64%	-37.40%	-30.39%	-27.03%	-45.67%	-37.78%	-47.61%	-14.38%	26.16%	3.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.06	$1.56	$1.01	$1.52	$0.94	$0.89	$0.54	$5.91	$4.57	$4.00
Adjusted Weighted Average Basic Shares Outstanding	1.36B	1.40B	1.42B	1.42B	1.41B	1.41B	1.09B	182M	185.40M	190.90M
Adjusted Diluted Earnings per Share	$1.05	$1.55	$1.01	$1.50	$0.93	$0.88	$0.53	$5.89	$4.54	$3.97
Adjusted Weighted Average Diluted Shares Outstanding	1.37B	1.41B	1.43B	1.43B	1.42B	1.42B	1.10B	182.80M	186.60M	192.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.89	$0.54	$5.91	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.36B	1.39B	1.41B	1.42B	1.41B	1.41B	1.41B	179.74M	183.09M	187.35M
Normalized Net Operating Profit after Tax (NOPAT)	2,491	2,527	2,323	2,219	1,925	1,760	921	1,276	948	838
Normalized NOPAT Margin	16.23%	17.06%	16.53%	17.49%	16.57%	15.83%	12.38%	19.07%	14.72%	13.33%
Pre Tax Income Margin	12.47%	18.61%	12.23%	22.06%	15.09%	15.23%	10.63%	17.53%	19.92%	18.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	11.88	4.76	3.88	3.55	2.70	6.18	8.19	11.10
NOPAT to Interest Expense	0.00	0.00	10.02	3.67	3.08	2.65	1.98	5.64	5.33	7.16
EBIT Less CapEx to Interest Expense	0.00	0.00	11.03	4.26	3.46	3.42	2.32	5.30	7.21	9.74
NOPAT Less CapEx to Interest Expense	0.00	0.00	9.17	3.17	2.66	2.52	1.60	4.76	4.35	5.80
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	82.86%	52.36%	75.26%	44.52%	63.85%	67.30%	36.33%	38.40%	45.47%	46.47%
Augmented Payout Ratio	159.89%	84.73%	101.67%	44.52%	63.85%	67.30%	36.33%	75.42%	106.60%	114.66%

This table displays calculated financial ratios and metrics derived from Keurig Dr Pepper's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.82%	5.25%	2.26%	3.51%	3.43%	1.68%	5.05%	6.61%	8.93%	12.15%	11.45%
EBITDA Growth	3.08%	-75.90%	0.46%	12.60%	19.24%	33.14%	91.81%	30.97%	-30.27%	-3.26%	-41.70%
EBIT Growth	4.66%	-90.34%	0.78%	11.59%	27.81%	41.41%	131.03%	40.93%	-36.49%	-3.27%	-50.88%
NOPAT Growth	7.31%	-93.93%	-0.88%	4.57%	24.56%	33.05%	81.37%	7.79%	-36.45%	-0.86%	-37.87%
Net Income Growth	13.88%	-120.78%	18.92%	2.39%	-2.78%	52.98%	189.39%	130.73%	-20.17%	-46.26%	-66.16%
EPS Growth	15.15%	-122.45%	21.62%	5.56%	0.00%	53.13%	184.62%	140.00%	-19.51%	-45.76%	-64.86%
Operating Cash Flow Growth	145.88%	185.86%	8.28%	72.44%	19.72%	-59.81%	-23.58%	-43.64%	-89.29%	-21.47%	-4.41%
Free Cash Flow Firm Growth	128.41%	56.20%	-304.79%	-202.99%	-225.68%	-174.60%	-109.49%	-68.83%	-40.44%	-1.95%	139.13%
Invested Capital Growth	0.89%	1.21%	3.55%	2.95%	4.45%	4.66%	2.38%	0.62%	-0.94%	-1.93%	-3.21%
Revenue Q/Q Growth	-10.69%	4.60%	-0.79%	13.09%	-10.32%	1.63%	0.42%	13.00%	-11.83%	5.00%	1.91%
EBITDA Q/Q Growth	251.81%	-74.52%	0.19%	14.76%	-17.73%	6.22%	12.29%	21.52%	-8.14%	53.02%	-23.33%
EBIT Q/Q Growth	768.82%	-89.76%	3.65%	13.47%	-19.83%	6.88%	14.78%	29.97%	-11.31%	74.62%	-29.98%
NOPAT Q/Q Growth	1,322.79%	-93.63%	5.00%	12.85%	-19.56%	4.00%	10.77%	34.43%	-14.08%	41.77%	-34.17%
Net Income Q/Q Growth	459.03%	-123.38%	19.61%	13.44%	-34.49%	33.78%	2.98%	7.71%	3.09%	153.07%	-17.89%
EPS Q/Q Growth	445.45%	-124.44%	18.42%	15.15%	-32.65%	32.43%	2.78%	9.09%	3.13%	146.15%	-13.33%
Operating Cash Flow Q/Q Growth	-75.38%	35.19%	-4.41%	672.94%	-71.38%	-48.79%	52.23%	436.62%	-90.39%	-2.64%	12.28%
Free Cash Flow Firm Q/Q Growth	171.38%	32.54%	-44.25%	59.10%	-10.03%	-523.49%	-136.70%	-50.09%	-34.68%	-20.65%	20.50%
Invested Capital Q/Q Growth	1.08%	-0.37%	0.49%	-0.31%	1.40%	1.94%	-0.09%	1.14%	1.61%	-0.28%	-1.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.61%	55.95%	55.00%	55.38%	55.94%	56.48%	55.48%	53.87%	52.01%	52.48%	52.48%
EBITDA Margin	26.71%	6.78%	27.83%	27.56%	27.16%	29.61%	28.33%	25.34%	23.56%	22.61%	15.52%
Operating Margin	22.04%	1.55%	23.18%	21.95%	22.06%	24.39%	23.55%	20.30%	17.42%	17.70%	10.88%
EBIT Margin	22.23%	2.29%	23.34%	22.34%	22.26%	24.90%	23.68%	20.72%	18.01%	17.91%	10.77%
Profit (Net Income) Margin	14.22%	-3.54%	15.83%	13.13%	13.09%	17.92%	13.61%	13.28%	13.93%	11.91%	4.94%
Tax Burden Percent	78.33%	93.51%	76.81%	76.64%	76.43%	77.09%	78.01%	82.06%	80.38%	81.18%	97.81%
Interest Burden Percent	81.68%	-165.59%	88.33%	76.71%	76.94%	93.35%	73.70%	78.09%	96.19%	81.94%	46.92%
Effective Tax Rate	21.67%	0.00%	23.19%	23.36%	23.57%	22.91%	21.99%	17.94%	19.62%	18.82%	2.19%
Return on Invested Capital (ROIC)	7.07%	0.44%	7.26%	6.83%	6.82%	7.65%	7.51%	6.66%	5.53%	5.62%	4.01%
ROIC Less NNEP Spread (ROIC-NNEP)	6.64%	-1.06%	6.62%	5.64%	6.28%	7.34%	5.84%	5.51%	5.51%	4.76%	2.21%
Return on Net Nonoperating Assets (RNNOA)	13.94%	-0.53%	3.15%	2.73%	12.20%	3.18%	2.51%	2.41%	2.39%	2.07%	1.03%
Return on Equity (ROE)	21.01%	-0.09%	10.41%	9.56%	19.01%	10.83%	10.02%	9.07%	7.92%	7.69%	5.03%
Cash Return on Invested Capital (CROIC)	4.38%	4.01%	3.68%	4.29%	2.80%	2.39%	4.16%	4.88%	6.20%	8.00%	9.16%
Operating Return on Assets (OROA)	6.51%	0.66%	6.77%	6.46%	6.39%	7.10%	6.77%	5.85%	5.02%	4.91%	2.89%
Return on Assets (ROA)	4.16%	-1.03%	4.59%	3.80%	3.76%	5.11%	3.89%	3.75%	3.88%	3.27%	1.33%
Return on Common Equity (ROCE)	42.20%	-0.09%	10.41%	9.56%	37.69%	10.83%	10.02%	9.07%	7.92%	7.69%	5.03%
Return on Equity Simple (ROE_SIMPLE)	6.15%	0.00%	9.12%	8.82%	8.79%	0.00%	7.65%	6.34%	5.25%	0.00%	7.27%
Net Operating Profit after Tax (NOPAT)	627	44	693	660	585	727	699	631	469	546	385
NOPAT Margin	17.26%	1.08%	17.81%	16.82%	16.86%	18.80%	18.37%	16.65%	14.00%	14.37%	10.64%
Net Nonoperating Expense Percent (NNEP)	0.43%	1.51%	0.64%	1.20%	0.54%	0.31%	1.67%	1.15%	0.02%	0.86%	1.80%
Return On Investment Capital (ROIC_SIMPLE)	1.55%	0.11%	-	-	-	1.87%	-	-	-	1.47%	-
Cost of Revenue to Revenue	45.39%	44.05%	45.00%	44.62%	44.06%	43.52%	44.52%	46.13%	47.99%	47.52%	47.52%
SG&A Expenses to Revenue	32.79%	31.87%	32.00%	33.02%	33.91%	32.53%	31.98%	33.57%	34.75%	32.26%	33.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.57%	54.40%	31.82%	33.43%	33.88%	32.09%	31.93%	33.57%	34.60%	34.79%	41.61%
Earnings before Interest and Taxes (EBIT)	808	93	908	876	772	963	901	785	604	681	390
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	971	276	1,083	1,081	942	1,145	1,078	960	790	860	562
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.90	1.78	2.04	1.83	1.73	1.76	1.69	1.69	1.91	1.90	1.93
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.99	2.82	3.36	3.01	2.85	3.04	2.91	2.93	3.35	3.39	3.56
Price to Earnings (P/E)	30.87	30.02	22.31	20.77	19.66	20.66	22.14	26.66	36.42	33.19	26.57
Dividend Yield	2.64%	2.74%	2.33%	2.57%	2.77%	2.53%	2.65%	2.63%	2.31%	2.27%	2.23%
Earnings Yield	3.24%	3.33%	4.48%	4.81%	5.09%	4.84%	4.52%	3.75%	2.75%	3.01%	3.76%
Enterprise Value to Invested Capital (EV/IC)	1.58	1.50	1.68	1.55	1.48	1.52	1.48	1.48	1.63	1.63	1.66
Enterprise Value to Revenue (EV/Rev)	3.87	3.69	4.20	3.86	3.73	3.82	3.67	3.71	4.12	4.13	4.33
Enterprise Value to EBITDA (EV/EBITDA)	17.61	16.76	14.98	13.70	13.50	14.25	14.67	17.03	20.04	17.67	17.81
Enterprise Value to EBIT (EV/EBIT)	22.37	21.39	18.09	16.56	16.28	17.40	18.22	21.95	26.44	22.52	22.70
Enterprise Value to NOPAT (EV/NOPAT)	30.09	29.05	23.89	21.79	21.10	22.41	23.05	26.96	30.94	26.71	27.65
Enterprise Value to Operating Cash Flow (EV/OCF)	25.63	25.54	38.19	35.93	41.47	42.59	30.56	27.70	26.29	20.48	19.44
Enterprise Value to Free Cash Flow (EV/FCFF)	36.21	37.79	46.50	36.54	53.92	65.12	36.09	30.37	26.22	20.22	17.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.64	0.60	0.60	0.00	0.51	0.50	0.50	0.49	0.48	0.46
Long-Term Debt to Equity	0.49	0.53	0.50	0.50	0.00	0.39	0.39	0.39	0.40	0.44	0.46
Financial Leverage	2.10	0.50	0.48	0.48	1.94	0.43	0.43	0.44	0.43	0.43	0.46
Leverage Ratio	4.34	2.11	2.08	2.08	4.14	2.05	2.05	2.04	2.03	2.04	2.06
Compound Leverage Factor	3.54	-3.50	1.83	1.60	3.19	1.91	1.51	1.59	1.96	1.68	0.96
Debt to Total Capital	39.45%	39.08%	37.35%	37.46%	100.00%	33.94%	33.43%	33.22%	32.78%	32.26%	31.53%
Short-Term Debt to Total Capital	9.91%	6.64%	6.20%	6.07%	12.86%	8.35%	7.34%	6.96%	6.19%	2.41%	0.00%
Long-Term Debt to Total Capital	29.54%	32.44%	31.15%	31.39%	87.14%	25.59%	26.09%	26.26%	26.59%	29.85%	31.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.55%	60.92%	62.65%	62.54%	166.16%	66.06%	66.57%	66.78%	67.23%	67.74%	68.47%
Debt to EBITDA	4.67	4.60	3.50	3.49	3.60	3.32	3.45	3.96	4.16	3.64	3.49
Net Debt to EBITDA	3.99	3.97	3.02	3.04	3.17	2.90	3.02	3.55	3.74	3.17	3.18
Long-Term Debt to EBITDA	3.50	3.82	2.92	2.92	3.13	2.50	2.70	3.13	3.37	3.37	3.49
Debt to NOPAT	7.98	7.97	5.59	5.54	5.62	5.22	5.43	6.27	6.42	5.50	5.41
Net Debt to NOPAT	6.83	6.88	4.82	4.83	4.96	4.57	4.75	5.63	5.78	4.80	4.94
Long-Term Debt to NOPAT	5.98	6.62	4.66	4.65	4.90	3.94	4.23	4.96	5.21	5.09	5.41
Altman Z-Score	1.31	1.22	1.50	1.37	1.31	1.36	1.31	1.28	1.37	1.38	1.42
Noncontrolling Interest Sharing Ratio	-100.84%	0.00%	0.00%	0.00%	-98.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.47	0.49	0.53	0.51	0.51	0.38	0.39	0.39	0.39	0.47	0.60
Quick Ratio	0.22	0.25	0.26	0.24	0.23	0.18	0.17	0.18	0.18	0.25	0.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	290	-407	-603	-418	-1,022	-929	-149	406	813	1,245	1,569
Operating Cash Flow to CapEx	195.33%	524.07%	502.40%	576.32%	53.80%	192.86%	479.34%	443.02%	129.09%	18,475.00%	1,039.73%
Free Cash Flow to Firm to Interest Expense	1.96	0.00	-5.69	-2.05	-5.74	0.00	-0.63	2.36	35.37	0.00	7.58
Operating Cash Flow to Interest Expense	1.41	0.00	5.92	3.22	0.48	0.00	2.45	2.22	3.09	0.00	3.67
Operating Cash Flow Less CapEx to Interest Expense	0.69	0.00	4.75	2.66	-0.41	0.00	1.94	1.72	0.70	0.00	3.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.28	0.28	0.27	0.27
Accounts Receivable Turnover	11.76	10.70	11.11	11.15	10.81	10.39	10.72	11.05	10.76	10.68	10.46
Inventory Turnover	5.06	5.59	4.97	5.05	5.13	5.48	4.92	5.25	5.68	6.10	5.43
Fixed Asset Turnover	5.50	5.42	5.69	5.83	5.77	5.71	5.89	5.90	5.83	5.64	5.56
Accounts Payable Turnover	2.19	2.07	1.86	1.73	1.64	1.53	1.46	1.44	1.46	1.41	1.40
Days Sales Outstanding (DSO)	31.05	34.12	32.85	32.73	33.76	35.14	34.04	33.04	33.94	34.17	34.91
Days Inventory Outstanding (DIO)	72.09	65.30	73.39	72.29	71.18	66.56	74.14	69.53	64.29	59.84	67.19
Days Payable Outstanding (DPO)	166.65	176.08	196.39	211.16	223.13	238.57	249.45	253.17	249.59	258.06	260.84
Cash Conversion Cycle (CCC)	-63.51	-76.66	-90.15	-106.14	-118.18	-136.88	-141.28	-150.60	-151.36	-164.05	-158.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	38,072	37,664	37,802	37,617	37,735	37,213	36,506	36,539	36,128	35,557	35,658
Invested Capital Turnover	0.41	0.41	0.41	0.41	0.40	0.41	0.41	0.40	0.39	0.39	0.38
Increase / (Decrease) in Invested Capital	337	451	1,296	1,078	1,607	1,656	848	225	-344	-699	-1,184
Enterprise Value (EV)	60,053	56,675	63,659	58,175	55,699	56,600	54,117	54,007	59,021	58,091	59,070
Market Capitalization	46,428	43,254	50,826	45,276	42,617	45,063	42,975	42,736	47,996	47,660	48,514
Book Value per Share	$18.02	$17.87	$18.41	$18.23	$17.86	$18.36	$18.15	$18.00	$17.85	$17.74	$17.73
Tangible Book Value per Share	($14.17)	($14.33)	($13.41)	($13.63)	($13.59)	($12.74)	($12.87)	($13.01)	($13.00)	($12.80)	($12.87)
Total Capital	40,373	39,797	39,854	39,523	14,837	38,867	38,102	37,836	37,341	37,092	36,662
Total Debt	15,926	15,554	14,885	14,805	14,837	13,191	12,738	12,569	12,239	11,967	11,561
Total Long-Term Debt	11,927	12,912	12,413	12,406	12,929	9,945	9,940	9,934	9,929	11,072	11,561
Net Debt	13,625	13,421	12,833	12,899	13,082	11,537	11,142	11,272	11,026	10,432	10,557
Capital Expenditures (CapEx)	107	162	125	114	158	154	121	86	55	4.00	73
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,559	-2,038	-1,685	-1,729	-1,846	-2,562	-2,870	-3,129	-3,435	-3,912	-3,836
Debt-free Net Working Capital (DFNWC)	-826	-1,448	-1,125	-1,291	-1,529	-2,295	-2,610	-2,851	-3,231	-3,377	-2,908
Net Working Capital (NWC)	-4,825	-4,090	-3,597	-3,690	-3,437	-5,541	-5,408	-5,486	-5,541	-4,272	-2,908
Net Nonoperating Expense (NNE)	110	188	77	145	131	34	181	128	2.41	93	206
Net Nonoperating Obligations (NNO)	13,625	13,421	12,833	12,899	37,735	11,537	11,142	11,272	11,026	10,432	10,557
Total Depreciation and Amortization (D&A)	163	183	175	205	170	182	177	175	186	179	172
Debt-free, Cash-free Net Working Capital to Revenue	-10.05%	-13.28%	-11.12%	-11.48%	-12.37%	-17.29%	-19.46%	-21.48%	-23.97%	-27.83%	-28.11%
Debt-free Net Working Capital to Revenue	-5.32%	-9.43%	-7.43%	-8.57%	-10.24%	-15.49%	-17.69%	-19.57%	-22.54%	-24.02%	-21.31%
Net Working Capital to Revenue	-31.09%	-26.64%	-23.75%	-24.50%	-23.02%	-37.40%	-36.66%	-37.66%	-38.66%	-30.39%	-21.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.38	($0.10)	$0.45	$0.38	$0.33	$0.50	$0.37	$0.36	$0.33	$0.32	$0.13
Adjusted Weighted Average Basic Shares Outstanding	1.36B	1.36B	1.36B	1.36B	1.38B	1.40B	1.40B	1.40B	1.41B	1.42B	1.42B
Adjusted Diluted Earnings per Share	$0.38	($0.11)	$0.45	$0.38	$0.33	$0.49	$0.37	$0.36	$0.33	$0.32	$0.13
Adjusted Weighted Average Diluted Shares Outstanding	1.36B	1.37B	1.36B	1.36B	1.39B	1.41B	1.41B	1.41B	1.42B	1.43B	1.43B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.36B	1.36B	1.36B	1.36B	1.36B	1.39B	1.40B	1.40B	1.40B	1.41B	1.42B
Normalized Net Operating Profit after Tax (NOPAT)	627	44	693	660	585	727	701	631	469	546	690
Normalized NOPAT Margin	17.26%	1.08%	17.81%	16.82%	16.86%	18.80%	18.41%	16.65%	14.00%	14.37%	19.04%
Pre Tax Income Margin	18.16%	-3.78%	20.61%	17.13%	17.13%	23.25%	17.45%	16.18%	17.33%	14.67%	5.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.46	0.00	8.57	4.29	4.34	0.00	3.80	4.56	26.26	0.00	1.88
NOPAT to Interest Expense	4.24	0.00	6.54	3.23	3.28	0.00	2.95	3.67	20.41	0.00	1.86
EBIT Less CapEx to Interest Expense	4.74	0.00	7.39	3.74	3.45	0.00	3.29	4.06	23.87	0.00	1.53
NOPAT Less CapEx to Interest Expense	3.52	0.00	5.36	2.68	2.40	0.00	2.44	3.17	18.02	0.00	1.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	80.25%	82.86%	51.93%	53.67%	53.51%	52.36%	58.01%	69.41%	83.22%	75.26%	58.30%
Augmented Payout Ratio	80.59%	159.89%	111.37%	115.78%	126.38%	84.73%	96.55%	116.10%	129.54%	101.67%	63.12%

Frequently Asked Questions About Keurig Dr Pepper's Financials

When does Keurig Dr Pepper's financial year end?

According to the most recent income statement we have on file, Keurig Dr Pepper's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Keurig Dr Pepper's net income changed over the last 9 years?

Keurig Dr Pepper's net income appears to be on an upward trend, with a most recent value of $1.44 billion in 2024, rising from $764 million in 2015. The previous period was $2.18 billion in 2023. Check out Keurig Dr Pepper's forecast to explore projected trends and price targets.

What is Keurig Dr Pepper's operating income?

Keurig Dr Pepper's total operating income in 2024 was $2.59 billion, based on the following breakdown:

Total Gross Profit: $8.53 billion
Total Operating Expenses: $5.94 billion

How has Keurig Dr Pepper revenue changed over the last 9 years?

Over the last 9 years, Keurig Dr Pepper's total revenue changed from $6.28 billion in 2015 to $15.35 billion in 2024, a change of 144.4%.

How much debt does Keurig Dr Pepper have?

Keurig Dr Pepper's total liabilities were at $29.19 billion at the end of 2024, a 10.3% increase from 2023, and a 336.5% increase since 2015.

How much cash does Keurig Dr Pepper have?

In the past 9 years, Keurig Dr Pepper's cash and equivalents has ranged from $75 million in 2019 to $1.79 billion in 2016, and is currently $510 million as of their latest financial filing in 2024.

How has Keurig Dr Pepper's book value per share changed over the last 9 years?

Over the last 9 years, Keurig Dr Pepper's book value per share changed from 11.56 in 2015 to 17.87 in 2024, a change of 54.6%.

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This page (NASDAQ:KDP) was last updated on 5/27/2025 by MarketBeat.com Staff

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