PepsiCo (PEP) Financials

$131.98 +0.48 (+0.37%)

Closing price 05/16/2025 04:00 PM Eastern

Extended Trading

$131.67 -0.31 (-0.23%)

As of 05/16/2025 08:00 PM Eastern

Annual Income Statements for PepsiCo

This table shows PepsiCo'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	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Net Income / (Loss) Attributable to Common Shareholders	9,578	9,074	8,910	7,618	7,120	7,314	12,515	4,857	6,329	5,452
Consolidated Net Income / (Loss)	9,626	9,155	8,978	7,679	7,175	7,353	12,559	4,908	6,379	5,501
Net Income / (Loss) Continuing Operations	9,626	9,155	8,978	7,679	7,175	7,353	12,559	4,908	6,379	5,501
Total Pre-Tax Income	11,946	11,417	10,705	9,821	9,069	9,312	9,189	9,602	8,553	7,442
Total Operating Income	12,887	11,986	11,512	11,162	10,080	10,291	10,110	10,276	9,804	8,353
Total Gross Profit	50,110	49,590	45,816	42,399	38,575	37,029	35,280	34,729	34,577	34,325
Total Revenue	91,854	91,471	86,392	79,474	70,372	67,161	64,661	63,525	62,799	63,056
Operating Revenue	91,854	91,471	86,392	79,474	70,372	67,161	64,661	63,525	62,799	63,056
Total Cost of Revenue	41,744	41,881	40,576	37,075	31,797	30,132	29,381	28,796	28,222	28,731
Operating Cost of Revenue	41,744	41,881	40,576	37,075	31,797	30,132	29,381	28,796	28,222	28,731
Total Operating Expenses	37,223	37,604	34,304	31,237	28,495	26,738	25,170	24,453	24,773	25,972
Selling, General & Admin Expense	37,190	36,677	34,459	31,237	28,453	26,738	25,170	24,453	24,773	24,613
Other Operating Expenses / (Income)	0.00	0.00	-3,321	0.00	0.00	-	-	-	-	-
Impairment Charge	33	927	3,166	0.00	42	-	-	-	-	1,359
Total Other Income / (Expense), net	-941	-569	-807	-1,341	-1,011	-979	-921	-674	-1,251	-911
Interest Expense	919	819	939	1,863	1,128	935	1,219	1,151	1,342	970
Other Income / (Expense), net	-22	-	132	522	-	-44	298	477	-19	-
Income Tax Expense	2,320	2,262	1,727	2,142	1,894	1,959	-3,370	4,694	2,174	1,941
Net Income / (Loss) Attributable to Noncontrolling Interest	48	81	68	61	55	39	44	51	50	49
Basic Earnings per Share	$6.97	$6.59	$6.45	$5.51	$5.14	$5.23	$8.84	$3.40	$4.39	$3.71
Weighted Average Basic Shares Outstanding	1.37B	1.38B	1.38B	1.38B	1.39B	1.40B	1.42B	1.43B	1.44B	1.47B
Diluted Earnings per Share	$6.95	$6.56	$6.42	$5.49	$5.12	$5.20	$8.78	$3.38	$4.36	$3.67
Weighted Average Diluted Shares Outstanding	1.38B	1.38B	1.39B	1.39B	1.39B	1.41B	1.43B	1.44B	1.45B	1.49B
Weighted Average Basic & Diluted Shares Outstanding	1.37B	1.37B	1.38B	1.38B	1.38B	1.39B	1.42B	1.43B	1.43B	1.45B
Cash Dividends to Common per Share	$5.33	$4.95	$4.53	$4.25	$4.02	$3.79	$3.59	$3.17	$2.96	$2.76

This table shows PepsiCo'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	3/22/2025	12/28/2024	9/7/2024	6/15/2024	3/23/2024	12/30/2023	9/9/2023	6/17/2023	3/25/2023	12/31/2022	9/3/2022
Net Income / (Loss) Attributable to Common Shareholders	1,834	1,523	2,930	3,083	2,042	1,302	3,092	2,748	1,932	518	2,702
Consolidated Net Income / (Loss)	1,843	1,534	2,945	3,094	2,053	1,324	3,116	2,771	1,944	535	2,724
Net Income / (Loss) Continuing Operations	1,843	1,534	2,945	3,094	2,053	1,324	3,116	2,771	1,944	535	2,724
Total Pre-Tax Income	2,342	1,809	3,694	3,870	2,573	1,533	3,876	3,518	2,490	506	3,199
Total Operating Income	2,583	2,250	3,872	4,048	2,717	1,683	4,015	3,659	2,629	815	3,353
Total Gross Profit	9,993	14,603	12,923	12,582	10,002	14,753	12,778	12,201	9,858	14,576	11,663
Total Revenue	17,919	27,784	23,319	22,501	18,250	27,850	23,453	22,322	17,846	27,996	21,971
Operating Revenue	17,919	27,784	23,319	22,501	18,250	27,850	23,453	22,322	17,846	27,996	21,971
Total Cost of Revenue	7,926	13,181	10,396	9,919	8,248	13,097	10,675	10,121	7,988	13,420	10,308
Operating Cost of Revenue	7,926	13,181	10,396	9,919	8,248	13,097	10,675	10,121	7,988	13,420	10,308
Total Operating Expenses	7,410	12,353	9,051	8,534	7,285	13,070	8,763	8,542	7,229	13,761	8,310
Selling, General & Admin Expense	7,410	12,320	9,051	8,534	7,285	12,143	8,763	8,542	7,229	12,197	8,295
Impairment Charge	0.00	33	0.00	0.00	0.00	927	0.00	0.00	0.00	1,564	1.00
Total Other Income / (Expense), net	-241	-441	-178	-178	-144	-150	-139	-141	-139	-309	-154
Interest Expense	264	264	219	234	202	217	201	201	200	273	190
Interest & Investment Income	23	-	41	56	58	-	-	-	-	-	36
Income Tax Expense	499	275	749	776	520	209	760	747	546	-29	475
Net Income / (Loss) Attributable to Noncontrolling Interest	9.00	11	15	11	11	22	24	23	12	17	22
Basic Earnings per Share	$1.34	$1.11	$2.13	$2.24	$1.49	$0.95	$2.25	$1.99	$1.40	$0.38	$1.96
Weighted Average Basic Shares Outstanding	1.37B	1.37B	1.37B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B
Diluted Earnings per Share	$1.33	$1.11	$2.13	$2.23	$1.48	$0.93	$2.24	$1.99	$1.40	$0.38	$1.95
Weighted Average Diluted Shares Outstanding	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.39B	1.39B
Weighted Average Basic & Diluted Shares Outstanding	1.37B	1.37B	1.37B	1.37B	1.37B	1.37B	1.37B	1.38B	1.38B	1.38B	1.38B
Cash Dividends to Common per Share	$1.36	-	$1.36	$1.36	$1.27	-	$1.27	$1.27	$1.15	-	$1.15

This table details how cash moves in and out of PepsiCo'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	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Net Change in Cash & Equivalents	-1,208	4,661	-607	-2,547	2,684	-5,199	112	1,488	50	2,962
Net Cash From Operating Activities	12,507	13,442	10,811	11,616	10,613	9,649	9,415	10,030	10,663	10,864
Net Cash From Continuing Operating Activities	12,507	13,442	10,811	11,616	10,613	9,649	9,415	10,030	10,663	10,864
Net Income / (Loss) Continuing Operations	9,626	9,155	8,978	7,679	7,175	7,353	12,559	4,908	6,379	5,501
Consolidated Net Income / (Loss)	9,626	9,155	8,978	7,679	7,175	7,353	12,559	4,908	6,379	5,501
Depreciation Expense	3,160	2,948	2,763	2,710	2,548	2,432	2,399	2,369	2,368	2,416
Amortization Expense	655	570	517	505	478	412	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	1,908	1,931	1,086	-294	523	455	-5,268	588	623	2,219
Changes in Operating Assets and Liabilities, net	-2,842	-1,162	-2,533	1,016	-111	-1,003	-275	2,165	1,293	728
Net Cash From Investing Activities	-5,472	-5,495	-2,430	-3,269	-11,619	-6,437	4,564	-4,403	-7,150	-3,569
Net Cash From Continuing Investing Activities	-5,472	-5,495	-2,430	-3,269	-11,619	-6,437	4,564	-4,403	-7,150	-3,569
Purchase of Property, Plant & Equipment	-5,318	-5,518	-5,207	-4,625	-4,240	-4,232	-3,282	-2,969	-3,040	-2,758
Acquisitions	-256	-314	-873	-61	-6,372	-2,717	-1,496	-61	-212	-86
Purchase of Investments	-425	-555	-291	0.00	-1,135	0.00	-5,637	-18,385	-12,504	-4,428
Sale of Property, Plant & Equipment	342	198	251	166	55	170	134	180	99	86
Divestitures	166	75	49	169	6.00	253	505	267	85	76
Sale and/or Maturity of Investments	0.00	571	3,606	1,077	0.00	78	14,338	16,536	8,415	4,114
Other Investing Activities, net	19	48	35	5.00	67	11	2.00	29	7.00	-573
Net Cash From Financing Activities	-7,556	-3,009	-8,523	-10,780	3,819	-8,489	-13,769	-4,186	-3,211	-4,112
Net Cash From Continuing Financing Activities	-7,556	-3,009	-8,523	-10,780	3,819	-8,489	-13,769	-4,186	-3,211	-4,112
Repayment of Debt	-9,578	-6,184	-6,197	-8,743	-6,532	-5,024	-5,668	-5,626	-5,694	-4,137
Repurchase of Common Equity	-1,000	-1,000	-1,500	-106	-2,000	-3,000	-2,000	-2,000	-3,000	-5,000
Payment of Dividends	-7,229	-6,682	-6,172	-5,815	-5,509	-5,304	-4,930	-4,472	-4,227	-4,040
Issuance of Debt	10,220	10,881	5,315	4,564	17,777	4,624	-1,349	7,600	9,382	8,717
Other Financing Activities, net	31	-24	31	-680	83	215	178	317	335	353
Effect of Exchange Rate Changes	-687	-277	-465	-114	-129	78	-98	47	-252	-221

This table details how cash moves in and out of PepsiCo'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	3/22/2025	12/28/2024	9/7/2024	6/15/2024	3/23/2024	12/30/2023	9/9/2023	6/17/2023	3/25/2023	12/31/2022	9/3/2022
Net Change in Cash & Equivalents	-234	1,210	925	-1,712	-1,631	-370	3,889	1,405	-263	-1,418	973
Net Cash From Operating Activities	-973	6,287	4,905	2,356	-1,041	5,812	5,611	2,411	-392	4,505	4,425
Net Cash From Continuing Operating Activities	-973	6,287	4,905	2,356	-1,041	5,812	5,611	2,411	-392	4,505	4,425
Net Income / (Loss) Continuing Operations	1,843	1,534	2,945	3,094	2,053	1,324	3,116	2,771	1,944	535	2,724
Consolidated Net Income / (Loss)	1,843	1,534	2,945	3,094	2,053	1,324	3,116	2,771	1,944	535	2,724
Depreciation Expense	684	1,042	739	738	641	975	705	678	590	909	659
Amortization Expense	145	217	160	151	127	186	136	132	116	171	123
Non-Cash Adjustments To Reconcile Net Income	19	1,363	341	139	65	1,556	42	286	47	2,243	121
Changes in Operating Assets and Liabilities, net	-3,664	2,131	720	-1,766	-3,927	1,771	1,612	-1,456	-3,089	647	798
Net Cash From Investing Activities	-1,232	-2,507	-1,511	-892	-562	-3,116	-956	-891	-532	-2,739	-1,863
Net Cash From Continuing Investing Activities	-1,232	-2,507	-1,511	-892	-562	-3,116	-956	-891	-532	-2,739	-1,863
Purchase of Property, Plant & Equipment	-587	-2,468	-1,149	-1,087	-614	-2,981	-1,040	-916	-581	-2,660	-1,048
Acquisitions	-1,200	-225	-1.00	-24	-6.00	-182	-49	-67	-16	-69	-775
Purchase of Investments	0.00	-	-425	-	0.00	-	-120	-277	-158	-245	-46
Sale of Property, Plant & Equipment	132	165	50	120	7.00	67	9.00	103	19	23	6.00
Divestitures	2.00	-	-	-	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	425	-149	13	75	61	-94	227	234	204	3,591	-3,464
Other Investing Activities, net	-4.00	4.00	1.00	24	-10	-1.00	17	32	0.00	-3,428	3,464
Net Cash From Financing Activities	1,768	-2,274	-2,382	-2,910	10	-3,043	-656	-87	777	-2,916	-1,475
Net Cash From Continuing Financing Activities	1,768	-2,274	-2,382	-2,910	10	-3,043	-656	-87	777	-2,916	-1,475
Repayment of Debt	-3,662	-2,496	-2,042	-2,157	-2,883	-2,876	-1,014	-1,039	-1,255	-1,037	-1,943
Repurchase of Common Equity	-183	-240	-299	-315	-146	-249	-298	-293	-160	-344	-457
Payment of Dividends	-1,882	-1,860	-1,863	-1,739	-1,767	-1,741	-1,742	-1,591	-1,608	-1,586	-1,589
Issuance of Debt	7,534	2,297	1,792	1,283	4,848	1,812	2,400	2,799	3,870	36	2,500
Other Financing Activities, net	-39	25	30	18	-42	11	-2.00	37	-70	15	14
Effect of Exchange Rate Changes	203	-296	-87	-266	-38	-23	-110	-28	-116	-268	-114

This table presents PepsiCo'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	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Total Assets	99,467	100,495	92,187	92,377	92,918	78,547	77,648	79,804	73,490	69,667
Total Current Assets	25,826	26,950	21,539	21,783	23,001	17,645	21,893	31,027	26,450	23,031
Cash & Equivalents	8,505	9,711	4,954	5,596	8,185	5,509	8,721	10,610	9,158	9,096
Short-Term Investments	761	292	394	392	1,366	229	272	8,900	6,967	2,913
Note & Lease Receivable	10,333	10,815	10,163	8,680	8,404	7,822	7,142	7,024	6,694	6,437
Inventories, net	5,306	5,334	5,222	4,347	4,172	-	3,128	2,947	2,723	2,720
Prepaid Expenses	921	798	806	980	874	747	633	1,546	908	1,865
Plant, Property, & Equipment, net	28,008	27,039	24,291	22,407	21,369	19,305	17,589	17,240	16,591	16,317
Total Noncurrent Assets	46,979	48,122	47,170	48,464	48,548	41,597	38,166	31,537	30,449	30,319
Long-Term Investments	3,331	4,330	3,886	2,627	2,792	2,683	2,409	2,042	1,950	2,311
Goodwill	17,534	17,728	18,202	18,381	18,757	15,501	14,808	14,744	14,430	14,177
Intangible Assets	14,801	14,929	15,586	18,665	19,315	16,043	15,825	13,838	13,433	13,081
Noncurrent Deferred & Refundable Income Taxes	4,362	4,474	4,204	4,310	4,372	4,359	4,364	0.00	-	-
Other Noncurrent Operating Assets	6,951	6,661	5,292	4,481	3,312	3,011	760	913	636	750
Total Liabilities & Shareholders' Equity	99,467	100,495	92,187	92,377	92,918	78,547	77,648	79,804	62,291	57,637
Total Liabilities	81,296	81,858	74,914	76,226	79,366	63,679	63,046	68,823	62,291	57,637
Total Current Liabilities	31,536	31,647	26,785	26,220	23,372	20,461	22,138	20,502	21,135	17,578
Short-Term Debt	7,082	6,510	3,414	4,308	3,780	2,920	4,026	5,485	6,892	4,071
Accounts Payable	24,454	25,137	23,371	21,159	19,592	17,541	18,112	15,017	14,243	13,507
Other Current Nonoperating Liabilities	0.00	0.00	0.00	753	0.00	-	-	-	-	-
Total Noncurrent Liabilities	49,760	50,211	48,129	50,006	55,994	43,218	40,908	48,321	41,156	40,059
Long-Term Debt	37,224	37,595	35,657	36,026	40,370	29,148	28,295	33,796	30,053	29,213
Capital Lease Obligations	0.00	0.00	0.00	0.00	-	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	3,484	3,895	4,133	4,826	4,284	4,091	3,499	3,242	4,434	4,959
Other Noncurrent Operating Liabilities	9,052	8,721	8,339	9,154	11,340	9,979	9,114	11,283	6,669	5,887
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Total Equity & Noncontrolling Interests	18,171	18,637	17,273	16,151	13,552	14,868	14,602	10,981	0.00	0.00
Total Preferred & Common Equity	18,041	18,503	17,149	16,043	13,454	14,786	14,518	11,086	0.00	0.00
Total Common Equity	18,041	18,503	17,149	16,043	13,454	14,786	14,518	11,045	0.00	0.00
Common Stock	4,408	4,284	4,157	4,024	3,933	14,786	3,976	4,020	-	-
Retained Earnings	72,266	70,035	67,800	65,165	63,443	-	59,947	52,839	-	-
Treasury Stock	-41,021	-40,282	-39,506	-38,248	-38,446	0.00	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	-17,612	-15,534	-15,302	-14,898	-15,476	-	-15,119	-13,057	-	-
Noncontrolling Interest	130	134	124	108	98	82	84	92	-	-

This table presents PepsiCo'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	3/22/2025	12/28/2024	9/7/2024	6/15/2024	3/23/2024	12/30/2023	9/9/2023	6/17/2023	3/25/2023	12/31/2022	9/3/2022
Total Assets	101,737	99,467	100,513	99,533	100,040	100,495	99,953	95,906	93,042	92,187	94,461
Total Current Assets	26,288	25,826	26,852	25,703	26,005	26,950	28,649	24,954	22,427	21,539	23,543
Cash & Equivalents	8,268	8,505	7,308	6,353	8,047	9,711	10,017	6,116	4,770	4,954	6,415
Short-Term Investments	314	761	743	315	303	292	266	338	434	394	327
Note & Lease Receivable	10,800	10,333	12,088	11,942	10,938	10,815	11,782	11,456	10,469	10,163	10,739
Inventories, net	5,660	5,306	5,644	5,887	5,569	5,334	5,558	5,969	5,697	5,222	5,019
Prepaid Expenses	1,246	921	1,069	1,206	1,148	798	1,026	1,075	1,057	806	1,043
Other Current Nonoperating Assets	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Plant, Property, & Equipment, net	28,213	28,008	27,188	27,042	26,792	27,039	24,853	24,500	24,228	24,291	22,800
Plant, Property & Equipment, gross	56,942	-	55,466	55,040	54,510	-	51,585	50,804	50,022	-	48,100
Accumulated Depreciation	28,729	-	28,278	27,998	27,718	-	26,732	26,304	25,794	-	25,300
Total Noncurrent Assets	47,236	46,979	46,473	46,788	47,243	48,122	46,451	46,452	46,387	47,170	48,118
Long-Term Investments	1,996	3,331	2,645	2,674	2,734	4,330	2,955	3,038	3,123	3,886	3,224
Goodwill	18,364	17,534	17,709	17,648	17,646	17,728	17,892	17,997	18,089	18,202	18,388
Intangible Assets	15,363	14,801	14,857	14,826	14,853	14,929	15,501	15,562	15,523	15,586	17,152
Noncurrent Deferred & Refundable Income Taxes	4,350	4,362	4,321	4,465	4,444	4,474	4,165	4,186	4,211	4,204	4,324
Other Noncurrent Operating Assets	7,163	6,951	6,941	7,175	7,566	6,661	5,938	5,669	5,441	5,292	5,030
Total Liabilities & Shareholders' Equity	101,737	99,467	100,513	99,533	100,040	100,495	99,953	95,906	93,042	92,187	94,461
Total Liabilities	83,208	81,296	80,908	79,953	80,850	81,858	80,983	78,081	75,867	74,914	75,326
Total Current Liabilities	31,511	31,536	30,315	31,148	30,234	31,647	32,660	29,618	25,837	26,785	25,653
Short-Term Debt	9,099	7,082	6,524	8,289	8,161	6,510	8,937	7,613	4,281	3,414	3,109
Accounts Payable	22,412	24,454	23,791	22,859	22,073	25,137	23,723	22,005	21,556	23,371	22,544
Other Current Nonoperating Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	51,697	49,760	50,593	48,805	50,616	50,211	48,323	48,463	50,030	48,129	49,673
Long-Term Debt	39,419	37,224	38,490	36,638	37,707	37,595	35,837	36,008	37,486	35,657	36,136
Noncurrent Deferred & Payable Income Tax Liabilities	3,541	3,484	3,684	3,908	4,087	3,895	4,047	4,113	4,039	4,133	4,724
Other Noncurrent Operating Liabilities	8,737	9,052	8,419	8,259	8,822	8,721	8,439	8,342	8,505	8,339	8,813
Total Equity & Noncontrolling Interests	18,529	18,171	19,605	19,580	19,190	18,637	18,970	17,825	17,175	17,273	19,135
Total Preferred & Common Equity	18,389	18,041	19,453	19,446	19,047	18,503	18,806	17,685	17,042	17,149	18,977
Total Common Equity	18,389	18,041	19,453	19,446	19,047	18,503	18,806	17,685	17,042	17,149	18,977
Common Stock	4,297	4,408	4,304	4,226	4,155	4,284	4,177	4,105	4,019	4,157	4,059
Retained Earnings	72,238	72,266	72,607	71,545	70,331	70,035	70,479	69,135	68,142	67,800	68,872
Treasury Stock	-41,068	-41,021	-40,806	-40,539	-40,260	-40,282	-40,056	-39,775	-39,518	-39,506	-39,211
Accumulated Other Comprehensive Income / (Loss)	-17,078	-17,612	-16,652	-15,786	-15,179	-15,534	-15,794	-15,780	-15,601	-15,302	-14,743
Noncontrolling Interest	140	130	152	134	143	134	164	140	133	124	158

This table displays calculated financial ratios and metrics derived from PepsiCo's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.42%	5.88%	8.70%	12.93%	4.78%	3.87%	1.79%	1.16%	-0.41%	-5.44%
EBITDA Growth	7.59%	3.89%	0.17%	13.68%	0.11%	2.22%	-2.40%	7.97%	12.85%	-11.77%
EBIT Growth	7.33%	2.94%	-0.34%	15.91%	-1.63%	-1.55%	-3.21%	9.89%	17.14%	-12.82%
NOPAT Growth	8.04%	-0.45%	10.62%	9.44%	-1.86%	-41.19%	163.07%	-28.17%	18.42%	-13.95%
Net Income Growth	5.14%	1.97%	16.92%	7.02%	-2.42%	-41.45%	155.89%	-23.06%	15.96%	-16.12%
EPS Growth	5.95%	2.18%	16.94%	7.23%	-1.54%	-40.77%	159.76%	-22.48%	18.80%	-14.05%
Operating Cash Flow Growth	-6.96%	24.34%	-6.93%	9.45%	9.99%	2.49%	-6.13%	-5.94%	-1.85%	3.41%
Free Cash Flow Firm Growth	22.29%	-15.09%	26.80%	516.75%	-63.93%	-65.18%	36.18%	-19.73%	-19.33%	-48.58%
Invested Capital Growth	2.40%	4.39%	1.72%	3.86%	17.77%	14.89%	16.77%	-4.52%	-2.98%	-11.52%
Revenue Q/Q Growth	-0.07%	-0.16%	3.29%	3.64%	2.65%	1.69%	0.00%	0.02%	1.50%	-2.12%
EBITDA Q/Q Growth	4.01%	6.52%	-9.39%	5.62%	5.00%	4.15%	1.24%	5.25%	1.05%	1.41%
EBIT Q/Q Growth	4.42%	7.81%	-12.18%	2.26%	1.28%	0.74%	1.55%	6.40%	1.46%	2.57%
NOPAT Q/Q Growth	4.46%	7.36%	-12.28%	-1.32%	0.75%	-41.10%	158.61%	-32.61%	-1.78%	8.23%
Net Income Q/Q Growth	2.23%	9.43%	-8.24%	-6.32%	1.14%	-40.90%	151.33%	-30.09%	-4.72%	7.99%
EPS Q/Q Growth	2.66%	9.15%	-8.15%	-6.47%	1.19%	-40.50%	151.58%	-30.02%	-4.39%	8.90%
Operating Cash Flow Q/Q Growth	3.95%	10.77%	-4.23%	4.42%	-0.90%	-1.00%	8.53%	1.05%	-2.29%	2.61%
Free Cash Flow Firm Q/Q Growth	40.77%	9.46%	-2.69%	-13.44%	192.56%	-61.71%	75.75%	-5.70%	-1.16%	-28.72%
Invested Capital Q/Q Growth	-5.00%	-0.95%	-1.01%	1.32%	-0.77%	0.88%	2.92%	-11.26%	-4.75%	-4.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.55%	54.21%	53.03%	53.35%	54.82%	55.13%	54.56%	54.67%	55.06%	54.44%
EBITDA Margin	18.16%	16.95%	17.27%	18.75%	18.62%	19.49%	19.81%	20.66%	19.35%	17.08%
Operating Margin	14.03%	13.10%	13.33%	14.04%	14.32%	15.32%	15.64%	16.18%	15.61%	13.25%
EBIT Margin	14.01%	13.10%	13.48%	14.70%	14.32%	15.26%	16.10%	16.93%	15.58%	13.25%
Profit (Net Income) Margin	10.48%	10.01%	10.39%	9.66%	10.20%	10.95%	19.42%	7.73%	10.16%	8.72%
Tax Burden Percent	80.58%	80.19%	83.87%	78.19%	79.12%	78.96%	136.67%	51.11%	74.58%	73.92%
Interest Burden Percent	92.86%	95.25%	91.94%	84.06%	89.97%	90.88%	88.29%	89.30%	87.41%	89.09%
Effective Tax Rate	19.42%	19.81%	16.13%	21.81%	20.88%	21.04%	-36.67%	48.89%	25.42%	26.08%
Return on Invested Capital (ROIC)	20.51%	19.63%	20.32%	18.88%	19.02%	22.56%	44.41%	17.87%	23.95%	18.70%
ROIC Less NNEP Spread (ROIC-NNEP)	18.16%	18.15%	18.12%	15.54%	16.13%	18.93%	37.54%	16.43%	20.89%	15.93%
Return on Net Nonoperating Assets (RNNOA)	31.79%	31.36%	33.40%	32.83%	31.48%	27.34%	53.78%	71.52%	0.00%	43.99%
Return on Equity (ROE)	52.30%	50.99%	53.72%	51.71%	50.49%	49.90%	98.18%	89.39%	0.00%	62.70%
Cash Return on Invested Capital (CROIC)	18.14%	15.33%	18.61%	15.08%	2.70%	8.70%	28.94%	22.50%	26.98%	30.93%
Operating Return on Assets (OROA)	12.87%	12.44%	12.62%	12.61%	11.76%	13.12%	13.22%	14.03%	13.67%	11.92%
Return on Assets (ROA)	9.63%	9.50%	9.73%	8.29%	8.37%	9.42%	15.95%	6.40%	8.91%	7.85%
Return on Common Equity (ROCE)	51.93%	50.62%	53.35%	51.35%	50.17%	49.62%	98.11%	89.91%	0.00%	62.16%
Return on Equity Simple (ROE_SIMPLE)	53.36%	49.48%	52.35%	47.87%	53.33%	49.73%	86.51%	44.27%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	10,384	9,611	9,655	8,728	7,975	8,126	13,818	5,253	7,312	6,174
NOPAT Margin	11.31%	10.51%	11.18%	10.98%	11.33%	12.10%	21.37%	8.27%	11.64%	9.79%
Net Nonoperating Expense Percent (NNEP)	2.35%	1.47%	2.20%	3.34%	2.88%	3.63%	6.87%	1.44%	3.06%	2.78%
Return On Investment Capital (ROIC_SIMPLE)	16.62%	15.32%	17.14%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	45.45%	45.79%	46.97%	46.65%	45.18%	44.87%	45.44%	45.33%	44.94%	45.56%
SG&A Expenses to Revenue	40.49%	40.10%	39.89%	39.30%	40.43%	39.81%	38.93%	38.49%	39.45%	39.03%
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	40.52%	41.11%	39.71%	39.30%	40.49%	39.81%	38.93%	38.49%	39.45%	41.19%
Earnings before Interest and Taxes (EBIT)	12,865	11,986	11,644	11,684	10,080	10,247	10,408	10,753	9,785	8,353
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	16,680	15,504	14,924	14,899	13,106	13,091	12,807	13,122	12,153	10,769
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.63	12.23	13.67	13.64	13.50	11.42	9.17	12.77	0.00	0.00
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)	2.28	2.47	2.71	2.75	2.58	2.51	2.06	2.22	1.92	1.82
Price to Earnings (P/E)	21.90	24.94	26.31	28.73	25.50	23.08	10.64	29.05	19.08	21.00
Dividend Yield	3.49%	3.00%	2.66%	2.68%	3.06%	3.13%	3.80%	3.19%	3.52%	3.51%
Earnings Yield	4.57%	4.01%	3.80%	3.48%	3.92%	4.33%	9.40%	3.44%	5.24%	4.76%
Enterprise Value to Invested Capital (EV/IC)	4.72	5.12	5.52	5.32	4.71	5.00	4.54	5.54	4.64	4.31
Enterprise Value to Revenue (EV/Rev)	2.63	2.80	3.06	3.15	3.03	2.87	2.35	2.50	2.22	2.12
Enterprise Value to EBITDA (EV/EBITDA)	14.48	16.52	17.72	16.82	16.29	14.71	11.88	12.11	11.49	12.39
Enterprise Value to EBIT (EV/EBIT)	18.78	21.37	22.71	21.45	21.18	18.79	14.62	14.78	14.27	15.98
Enterprise Value to NOPAT (EV/NOPAT)	23.27	26.65	27.39	28.72	26.77	23.69	11.01	30.26	19.10	21.62
Enterprise Value to Operating Cash Flow (EV/OCF)	19.32	19.06	24.46	21.58	20.12	19.95	16.16	15.85	13.10	12.29
Enterprise Value to Free Cash Flow (EV/FCFF)	26.31	34.11	29.90	35.94	188.78	61.41	16.90	24.04	16.95	13.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.44	2.37	2.26	2.50	3.26	2.16	2.21	3.58	0.00	0.00
Long-Term Debt to Equity	2.05	2.02	2.06	2.23	2.98	1.96	1.94	3.08	0.00	0.00
Financial Leverage	1.75	1.73	1.84	2.11	1.95	1.44	1.43	4.35	0.00	2.76
Leverage Ratio	5.43	5.37	5.52	6.24	6.03	5.30	6.15	13.96	0.00	7.99
Compound Leverage Factor	5.04	5.11	5.08	5.24	5.43	4.82	5.43	12.47	0.00	7.12
Debt to Total Capital	70.92%	70.30%	69.34%	71.41%	76.51%	68.32%	68.88%	78.15%	100.00%	100.00%
Short-Term Debt to Total Capital	11.34%	10.38%	6.06%	7.63%	6.55%	6.22%	8.58%	10.91%	18.65%	12.23%
Long-Term Debt to Total Capital	59.58%	59.92%	63.28%	63.78%	69.96%	62.10%	60.30%	67.24%	81.35%	87.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.21%	0.21%	0.22%	0.19%	0.17%	0.17%	0.18%	0.18%	0.00%	0.00%
Common Equity to Total Capital	28.88%	29.49%	30.44%	28.40%	23.32%	31.50%	30.94%	21.97%	0.00%	0.00%
Debt to EBITDA	2.66	2.84	2.62	2.71	3.37	2.45	2.52	2.99	3.04	3.09
Net Debt to EBITDA	1.90	1.92	2.00	2.13	2.43	1.81	1.48	1.35	1.55	1.76
Long-Term Debt to EBITDA	2.23	2.42	2.39	2.42	3.08	2.23	2.21	2.58	2.47	2.71
Debt to NOPAT	4.27	4.59	4.05	4.62	5.54	3.95	2.34	7.48	5.05	5.39
Net Debt to NOPAT	3.05	3.10	3.09	3.63	3.99	2.91	1.37	3.38	2.58	3.07
Long-Term Debt to NOPAT	3.58	3.91	3.69	4.13	5.06	3.59	2.05	6.43	4.11	4.73
Altman Z-Score	3.85	3.88	4.19	3.93	3.44	2.83	3.62	3.56	2.54	2.59
Noncontrolling Interest Sharing Ratio	0.72%	0.72%	0.69%	0.69%	0.63%	0.56%	0.08%	-0.58%	0.00%	0.86%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.82	0.85	0.80	0.83	0.98	0.86	0.99	1.51	1.25	1.31
Quick Ratio	0.62	0.66	0.58	0.56	0.77	0.66	0.73	1.29	1.08	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9,183	7,509	8,844	6,975	1,131	3,135	9,004	6,612	8,237	10,210
Operating Cash Flow to CapEx	251.35%	252.67%	218.14%	260.51%	253.60%	237.54%	299.08%	359.63%	362.56%	406.59%
Free Cash Flow to Firm to Interest Expense	9.99	9.17	9.42	3.74	1.00	3.35	7.39	5.74	6.14	10.53
Operating Cash Flow to Interest Expense	13.61	16.41	11.51	6.24	9.41	10.32	7.72	8.71	7.95	11.20
Operating Cash Flow Less CapEx to Interest Expense	8.19	9.92	6.24	3.84	5.70	5.98	5.14	6.29	5.75	8.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.92	0.95	0.94	0.86	0.82	0.86	0.82	0.83	0.88	0.90
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	7.85	7.94	8.48	8.70	0.00	0.00	9.67	10.16	10.37	9.80
Fixed Asset Turnover	3.34	3.56	3.70	3.63	3.46	3.64	3.71	3.76	3.82	3.76
Accounts Payable Turnover	1.68	1.73	1.82	1.82	1.71	1.69	1.77	1.97	2.03	2.17
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	46.52	46.00	43.04	41.93	0.00	0.00	37.73	35.93	35.20	37.24
Days Payable Outstanding (DPO)	216.81	211.38	200.28	200.59	213.13	215.94	205.78	185.44	179.45	168.47
Cash Conversion Cycle (CCC)	-170.29	-165.38	-157.25	-158.66	-213.13	-215.94	-168.05	-149.51	-144.25	-131.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	51,226	50,025	47,923	47,112	45,359	38,515	33,524	28,710	30,069	30,994
Invested Capital Turnover	1.81	1.87	1.82	1.72	1.68	1.86	2.08	2.16	2.06	1.91
Increase / (Decrease) in Invested Capital	1,201	2,102	811	1,753	6,844	4,991	4,814	-1,359	-925	-4,036
Enterprise Value (EV)	241,602	256,167	264,405	250,668	213,484	192,532	152,165	158,957	139,641	133,480
Market Capitalization	209,763	226,261	234,444	218,841	181,579	168,803	133,159	141,095	120,771	114,516
Book Value per Share	$13.15	$13.46	$12.45	$11.60	$9.74	$10.60	$10.29	$7.77	$0.00	$0.00
Tangible Book Value per Share	($10.42)	($10.29)	($12.08)	($15.19)	($17.81)	($12.02)	($11.42)	($12.33)	($19.43)	($18.71)
Total Capital	62,477	62,742	56,344	56,485	57,702	46,936	46,923	50,262	36,945	33,284
Total Debt	44,306	44,105	39,071	40,334	44,150	32,068	32,321	39,281	36,945	33,284
Total Long-Term Debt	37,224	37,595	35,657	36,026	40,370	29,148	28,295	33,796	30,053	29,213
Net Debt	31,709	29,772	29,837	31,719	31,807	23,647	18,922	17,729	18,870	18,964
Capital Expenditures (CapEx)	4,976	5,320	4,956	4,459	4,185	4,062	3,148	2,789	2,941	2,672
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7,894	-8,190	-7,180	-6,117	-6,142	-5,634	-7,209	-3,500	-3,918	-2,485
Debt-free Net Working Capital (DFNWC)	1,372	1,813	-1,832	-129	3,409	104	3,781	16,010	12,207	9,524
Net Working Capital (NWC)	-5,710	-4,697	-5,246	-4,437	-371	-2,816	-245	10,525	5,315	5,453
Net Nonoperating Expense (NNE)	758	456	677	1,049	800	773	1,259	345	933	673
Net Nonoperating Obligations (NNO)	33,055	31,388	30,650	30,961	31,807	23,647	18,922	17,729	30,069	30,994
Total Depreciation and Amortization (D&A)	3,815	3,518	3,280	3,215	3,026	2,844	2,399	2,369	2,368	2,416
Debt-free, Cash-free Net Working Capital to Revenue	-8.59%	-8.95%	-8.31%	-7.70%	-8.73%	-8.39%	-11.15%	-5.51%	-6.24%	-3.94%
Debt-free Net Working Capital to Revenue	1.49%	1.98%	-2.12%	-0.16%	4.84%	0.15%	5.85%	25.20%	19.44%	15.10%
Net Working Capital to Revenue	-6.22%	-5.14%	-6.07%	-5.58%	-0.53%	-4.19%	-0.38%	16.57%	8.46%	8.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.97	$6.59	$6.45	$5.51	$5.14	$5.23	$8.84	$3.40	$4.39	$3.71
Adjusted Weighted Average Basic Shares Outstanding	1.37B	1.38B	1.38B	1.38B	1.39B	1.40B	1.42B	1.43B	1.44B	1.47B
Adjusted Diluted Earnings per Share	$6.95	$6.56	$6.42	$5.49	$5.12	$5.20	$8.78	$3.38	$4.36	$3.67
Adjusted Weighted Average Diluted Shares Outstanding	1.38B	1.38B	1.39B	1.39B	1.39B	1.41B	1.43B	1.44B	1.45B	1.49B
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.37B	1.37B	1.38B	1.38B	1.38B	1.39B	1.40B	1.42B	1.43B	1.45B
Normalized Net Operating Profit after Tax (NOPAT)	10,411	10,355	12,310	8,728	8,008	8,126	7,077	5,253	7,312	7,179
Normalized NOPAT Margin	11.33%	11.32%	14.25%	10.98%	11.38%	12.10%	10.94%	8.27%	11.64%	11.39%
Pre Tax Income Margin	13.01%	12.48%	12.39%	12.36%	12.89%	13.87%	14.21%	15.12%	13.62%	11.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.00	14.63	12.40	6.27	8.94	10.96	8.54	9.34	7.29	8.61
NOPAT to Interest Expense	11.30	11.74	10.28	4.68	7.07	8.69	11.34	4.56	5.45	6.37
EBIT Less CapEx to Interest Expense	8.58	8.14	7.12	3.88	5.23	6.62	5.96	6.92	5.10	5.86
NOPAT Less CapEx to Interest Expense	5.88	5.24	5.00	2.29	3.36	4.35	8.75	2.14	3.26	3.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	75.10%	72.99%	68.75%	75.73%	76.78%	72.13%	39.25%	91.12%	66.26%	73.44%
Augmented Payout Ratio	85.49%	83.91%	85.45%	77.11%	104.66%	112.93%	55.18%	131.87%	113.29%	164.33%

This table displays calculated financial ratios and metrics derived from PepsiCo'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	3/22/2025	12/28/2024	9/7/2024	6/15/2024	3/23/2024	12/30/2023	9/9/2023	6/17/2023	3/25/2023	12/31/2022	9/3/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.81%	-0.24%	-0.57%	0.80%	2.26%	-0.52%	6.75%	10.37%	10.16%	10.88%	8.83%
EBITDA Growth	-3.70%	23.38%	-2.99%	9.01%	2.62%	50.08%	18.94%	59.75%	-42.68%	-46.98%	2.17%
EBIT Growth	-6.92%	33.69%	-5.03%	8.85%	1.00%	106.50%	21.59%	79.23%	-48.93%	-68.19%	2.32%
NOPAT Growth	-6.24%	31.26%	-4.36%	12.29%	5.62%	68.68%	13.05%	76.47%	-52.93%	-60.17%	22.70%
Net Income Growth	-10.23%	15.86%	-5.49%	11.66%	5.61%	147.48%	14.39%	91.63%	-54.51%	-60.10%	21.44%
EPS Growth	-10.14%	19.35%	-4.91%	12.06%	5.71%	144.74%	14.87%	93.20%	-54.25%	-60.00%	21.88%
Operating Cash Flow Growth	6.53%	8.17%	-12.58%	-2.28%	-165.56%	29.01%	26.80%	17.32%	-125.29%	-9.57%	3.05%
Free Cash Flow Firm Growth	61.18%	209.02%	-129.06%	107.67%	-72.01%	-1,378.76%	21.19%	-116.20%	-114.41%	-87.65%	-39.15%
Invested Capital Growth	4.62%	2.40%	6.77%	6.18%	6.64%	4.39%	4.32%	6.59%	5.73%	1.72%	4.13%
Revenue Q/Q Growth	-35.51%	19.15%	3.64%	23.29%	-34.47%	18.75%	5.07%	25.08%	-36.26%	27.42%	8.63%
EBITDA Q/Q Growth	-2.76%	-26.45%	-3.36%	41.66%	22.54%	-42.17%	8.59%	33.36%	79.21%	-54.17%	45.86%
EBIT Q/Q Growth	14.80%	-41.89%	-4.35%	48.99%	61.44%	-58.72%	9.63%	38.25%	230.06%	-75.69%	61.59%
NOPAT Q/Q Growth	6.54%	-38.19%	-4.62%	49.28%	49.15%	-54.97%	11.99%	40.42%	138.19%	-69.82%	74.82%
Net Income Q/Q Growth	20.14%	-47.91%	-4.82%	50.71%	55.06%	-57.51%	12.45%	42.54%	263.36%	-80.36%	88.38%
EPS Q/Q Growth	19.82%	-47.89%	-4.48%	50.68%	59.14%	-58.48%	12.56%	42.14%	268.42%	-80.51%	89.32%
Operating Cash Flow Q/Q Growth	-115.48%	28.18%	108.19%	326.32%	-117.91%	3.58%	132.73%	715.05%	-108.70%	1.81%	115.33%
Free Cash Flow Firm Q/Q Growth	-165.40%	314.17%	-1,404.30%	102.12%	-83.68%	-157.09%	444.23%	52.35%	-1,465.58%	-94.59%	-53.98%
Invested Capital Q/Q Growth	10.24%	-5.00%	-2.25%	2.21%	7.89%	-0.95%	-2.79%	2.65%	5.62%	-1.01%	-0.67%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.77%	52.56%	55.42%	55.92%	54.81%	52.97%	54.48%	54.66%	55.24%	52.06%	53.08%
EBITDA Margin	19.04%	12.63%	20.46%	21.94%	19.10%	10.21%	20.97%	20.29%	19.03%	6.77%	18.82%
Operating Margin	14.41%	8.10%	16.60%	17.99%	14.89%	6.04%	17.12%	16.39%	14.73%	2.91%	15.26%
EBIT Margin	14.41%	8.10%	16.60%	17.99%	14.89%	6.04%	17.38%	16.66%	15.07%	2.91%	15.26%
Profit (Net Income) Margin	10.29%	5.52%	12.63%	13.75%	11.25%	4.75%	13.29%	12.41%	10.89%	1.91%	12.40%
Tax Burden Percent	78.69%	84.80%	79.72%	79.95%	79.79%	86.37%	80.39%	78.77%	78.07%	105.73%	85.15%
Interest Burden Percent	90.67%	80.40%	95.40%	95.60%	94.70%	91.09%	95.07%	94.60%	92.57%	62.09%	95.41%
Effective Tax Rate	21.31%	15.20%	20.28%	20.05%	20.21%	13.63%	19.61%	21.23%	21.93%	-5.73%	14.85%
Return on Invested Capital (ROIC)	18.80%	12.46%	23.30%	24.72%	20.87%	9.75%	25.49%	23.11%	20.56%	5.60%	22.91%
ROIC Less NNEP Spread (ROIC-NNEP)	18.28%	11.30%	22.87%	24.31%	20.53%	9.33%	25.13%	22.77%	20.22%	4.54%	22.47%
Return on Net Nonoperating Assets (RNNOA)	35.24%	19.78%	39.05%	45.31%	38.52%	16.12%	40.10%	40.05%	35.88%	8.36%	38.24%
Return on Equity (ROE)	54.04%	32.24%	62.35%	70.03%	59.39%	25.87%	65.59%	63.16%	56.44%	13.96%	61.14%
Cash Return on Invested Capital (CROIC)	14.04%	18.14%	12.49%	12.83%	12.18%	15.33%	13.87%	10.67%	9.34%	18.61%	19.15%
Operating Return on Assets (OROA)	13.08%	7.44%	15.23%	16.95%	14.17%	5.74%	16.38%	15.89%	14.27%	2.73%	13.60%
Return on Assets (ROA)	9.33%	5.07%	11.58%	12.95%	10.71%	4.51%	12.52%	11.84%	10.31%	1.79%	11.05%
Return on Common Equity (ROCE)	53.64%	32.01%	61.84%	69.52%	58.94%	25.68%	65.04%	62.71%	56.04%	13.86%	60.66%
Return on Equity Simple (ROE_SIMPLE)	51.20%	0.00%	48.40%	49.30%	48.64%	0.00%	44.49%	45.09%	39.02%	0.00%	51.56%
Net Operating Profit after Tax (NOPAT)	2,033	1,908	3,087	3,236	2,168	1,454	3,228	2,882	2,053	862	2,855
NOPAT Margin	11.34%	6.87%	13.24%	14.38%	11.88%	5.22%	13.76%	12.91%	11.50%	3.08%	13.00%
Net Nonoperating Expense Percent (NNEP)	0.52%	1.16%	0.43%	0.41%	0.34%	0.42%	0.37%	0.35%	0.34%	1.06%	0.44%
Return On Investment Capital (ROIC_SIMPLE)	3.03%	3.05%	-	-	-	2.32%	-	-	-	1.53%	-
Cost of Revenue to Revenue	44.23%	47.44%	44.58%	44.08%	45.19%	47.03%	45.52%	45.34%	44.76%	47.94%	46.92%
SG&A Expenses to Revenue	41.35%	44.34%	38.81%	37.93%	39.92%	43.60%	37.36%	38.27%	40.51%	43.57%	37.75%
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	41.35%	44.46%	38.81%	37.93%	39.92%	46.93%	37.36%	38.27%	40.51%	49.15%	37.82%
Earnings before Interest and Taxes (EBIT)	2,583	2,250	3,872	4,048	2,717	1,683	4,077	3,719	2,690	815	3,353
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,412	3,509	4,771	4,937	3,485	2,844	4,918	4,529	3,396	1,895	4,135
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	10.85	11.63	12.52	11.58	12.32	12.23	12.51	14.06	13.95	13.67	11.81
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)	2.18	2.28	2.65	2.45	2.55	2.47	2.57	2.76	2.70	2.71	2.68
Price to Earnings (P/E)	21.29	21.90	26.03	23.66	25.55	24.94	28.39	31.48	36.12	26.31	23.06
Dividend Yield	3.73%	3.49%	2.95%	3.14%	2.96%	3.00%	2.83%	2.61%	2.67%	2.66%	2.74%
Earnings Yield	4.70%	4.57%	3.84%	4.23%	3.91%	4.01%	3.52%	3.18%	2.77%	3.80%	4.34%
Enterprise Value to Invested Capital (EV/IC)	4.21	4.72	5.16	4.73	4.99	5.12	5.29	5.45	5.36	5.52	5.24
Enterprise Value to Revenue (EV/Rev)	2.60	2.63	3.03	2.83	2.93	2.80	2.91	3.14	3.08	3.06	3.03
Enterprise Value to EBITDA (EV/EBITDA)	14.29	14.48	17.34	16.18	17.22	16.52	18.35	20.46	22.23	17.72	15.39
Enterprise Value to EBIT (EV/EBIT)	18.63	18.78	22.57	20.94	22.33	21.37	24.02	27.06	30.57	22.71	19.12
Enterprise Value to NOPAT (EV/NOPAT)	23.18	23.27	27.97	25.88	27.72	26.65	29.83	32.97	36.94	27.39	23.03
Enterprise Value to Operating Cash Flow (EV/OCF)	18.89	19.32	23.11	20.48	21.07	19.06	22.00	25.85	25.61	24.46	22.46
Enterprise Value to Free Cash Flow (EV/FCFF)	30.63	26.31	42.62	37.98	42.34	34.11	38.92	52.68	58.98	29.90	27.89
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.62	2.44	2.30	2.29	2.39	2.37	2.36	2.45	2.43	2.26	2.05
Long-Term Debt to Equity	2.13	2.05	1.96	1.87	1.96	2.02	1.89	2.02	2.18	2.06	1.89
Financial Leverage	1.93	1.75	1.71	1.86	1.88	1.73	1.60	1.76	1.77	1.84	1.70
Leverage Ratio	5.35	5.43	5.20	5.22	5.31	5.37	5.10	5.18	5.24	5.52	5.34
Compound Leverage Factor	4.85	4.37	4.96	5.00	5.03	4.89	4.85	4.90	4.85	3.43	5.10
Debt to Total Capital	72.36%	70.92%	69.66%	69.65%	70.50%	70.30%	70.24%	70.99%	70.86%	69.34%	67.22%
Short-Term Debt to Total Capital	13.57%	11.34%	10.10%	12.85%	12.54%	10.38%	14.02%	12.39%	7.26%	6.06%	5.33%
Long-Term Debt to Total Capital	58.79%	59.58%	59.56%	56.80%	57.96%	59.92%	56.22%	58.60%	63.60%	63.28%	61.90%
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	0.21%	0.21%	0.24%	0.21%	0.22%	0.21%	0.26%	0.23%	0.23%	0.22%	0.27%
Common Equity to Total Capital	27.43%	28.88%	30.10%	30.15%	29.28%	29.49%	29.50%	28.78%	28.91%	30.44%	32.51%
Debt to EBITDA	2.92	2.66	2.81	2.79	2.93	2.84	3.08	3.15	3.42	2.62	2.38
Net Debt to EBITDA	2.28	1.90	2.14	2.21	2.22	1.92	2.17	2.47	2.74	2.00	1.78
Long-Term Debt to EBITDA	2.37	2.23	2.40	2.27	2.41	2.42	2.46	2.60	3.07	2.39	2.19
Debt to NOPAT	4.73	4.27	4.53	4.46	4.72	4.59	5.00	5.08	5.69	4.05	3.57
Net Debt to NOPAT	3.70	3.05	3.45	3.53	3.58	3.10	3.52	3.98	4.55	3.09	2.66
Long-Term Debt to NOPAT	3.85	3.58	3.87	3.63	3.88	3.91	4.00	4.19	5.10	3.69	3.28
Altman Z-Score	3.35	3.49	3.82	3.69	3.68	3.54	3.73	3.93	3.90	3.81	3.78
Noncontrolling Interest Sharing Ratio	0.75%	0.72%	0.82%	0.73%	0.76%	0.72%	0.85%	0.72%	0.71%	0.69%	0.79%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.83	0.82	0.89	0.83	0.86	0.85	0.88	0.84	0.87	0.80	0.92
Quick Ratio	0.62	0.62	0.66	0.60	0.64	0.66	0.68	0.60	0.61	0.58	0.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-462	707	-330	25	-1,191	-648	1,136	-330	-692	51	937
Operating Cash Flow to CapEx	-213.85%	272.99%	446.31%	243.64%	-171.50%	199.45%	544.23%	296.56%	-69.75%	170.84%	424.66%
Free Cash Flow to Firm to Interest Expense	-1.75	2.68	-1.51	0.11	-5.90	-2.99	5.65	-1.64	-3.46	0.19	4.93
Operating Cash Flow to Interest Expense	-3.69	23.81	22.40	10.07	-5.15	26.78	27.92	12.00	-1.96	16.50	23.29
Operating Cash Flow Less CapEx to Interest Expense	-5.41	15.09	17.38	5.94	-8.16	13.35	22.79	7.95	-4.77	6.84	17.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.91	0.92	0.92	0.94	0.95	0.95	0.94	0.95	0.95	0.94	0.89
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	7.38	7.85	7.44	7.07	7.48	7.94	7.98	7.43	7.87	8.48	8.37
Fixed Asset Turnover	3.33	3.34	3.53	3.57	3.60	3.56	3.85	3.82	3.81	3.70	3.80
Accounts Payable Turnover	1.86	1.68	1.75	1.87	1.93	1.73	1.82	1.94	1.96	1.82	1.84
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	49.47	46.52	49.07	51.59	48.79	46.00	45.74	49.10	46.41	43.04	43.59
Days Payable Outstanding (DPO)	196.00	216.81	208.14	195.23	188.94	211.38	200.07	188.43	186.01	200.28	197.91
Cash Conversion Cycle (CCC)	-146.52	-170.29	-159.07	-143.64	-140.15	-165.38	-154.33	-139.33	-139.60	-157.25	-154.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	56,469	51,226	53,923	55,165	53,974	50,025	50,506	51,954	50,615	47,923	48,414
Invested Capital Turnover	1.66	1.81	1.76	1.72	1.76	1.87	1.85	1.79	1.79	1.82	1.76
Increase / (Decrease) in Invested Capital	2,495	1,201	3,417	3,211	3,359	2,102	2,092	3,212	2,745	811	1,918
Enterprise Value (EV)	237,565	241,602	278,059	260,923	269,581	256,167	267,028	282,984	271,260	264,405	253,481
Market Capitalization	199,485	209,763	243,589	225,204	234,654	226,261	235,328	248,715	237,687	234,444	224,044
Book Value per Share	$13.41	$13.15	$14.16	$14.14	$13.85	$13.46	$13.66	$12.84	$12.37	$12.45	$13.75
Tangible Book Value per Share	($11.18)	($10.42)	($9.55)	($9.48)	($9.78)	($10.29)	($10.60)	($11.52)	($12.03)	($12.08)	($12.00)
Total Capital	67,047	62,477	64,619	64,507	65,058	62,742	63,744	61,446	58,942	56,344	58,380
Total Debt	48,518	44,306	45,014	44,927	45,868	44,105	44,774	43,621	41,767	39,071	39,245
Total Long-Term Debt	39,419	37,224	38,490	36,638	37,707	37,595	35,837	36,008	37,486	35,657	36,136
Net Debt	37,940	31,709	34,318	35,585	34,784	29,772	31,536	34,129	33,440	29,837	29,279
Capital Expenditures (CapEx)	455	2,303	1,099	967	607	2,914	1,031	813	562	2,637	1,042
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,706	-7,894	-4,990	-3,824	-4,418	-8,190	-5,357	-3,505	-4,333	-7,180	-5,743
Debt-free Net Working Capital (DFNWC)	3,876	1,372	3,061	2,844	3,932	1,813	4,926	2,949	871	-1,832	999
Net Working Capital (NWC)	-5,223	-5,710	-3,463	-5,445	-4,229	-4,697	-4,011	-4,664	-3,410	-5,246	-2,110
Net Nonoperating Expense (NNE)	190	374	142	142	115	130	112	111	109	327	131
Net Nonoperating Obligations (NNO)	37,940	33,055	34,318	35,585	34,784	31,388	31,536	34,129	33,440	30,650	29,279
Total Depreciation and Amortization (D&A)	829	1,259	899	889	768	1,161	841	810	706	1,080	782
Debt-free, Cash-free Net Working Capital to Revenue	-5.14%	-8.59%	-5.43%	-4.15%	-4.81%	-8.95%	-5.85%	-3.89%	-4.92%	-8.31%	-6.87%
Debt-free Net Working Capital to Revenue	4.24%	1.49%	3.33%	3.09%	4.28%	1.98%	5.38%	3.27%	0.99%	-2.12%	1.19%
Net Working Capital to Revenue	-5.71%	-6.22%	-3.77%	-5.92%	-4.60%	-5.14%	-4.38%	-5.17%	-3.87%	-6.07%	-2.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.34	$1.11	$2.13	$2.24	$1.49	$0.95	$2.25	$1.99	$1.40	$0.38	$1.96
Adjusted Weighted Average Basic Shares Outstanding	1.37B	1.37B	1.37B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B
Adjusted Diluted Earnings per Share	$1.33	$1.11	$2.13	$2.23	$1.48	$0.93	$2.24	$1.99	$1.40	$0.38	$1.95
Adjusted Weighted Average Diluted Shares Outstanding	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.39B	1.39B
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	1.37B	1.37B	1.37B	1.37B	1.37B	1.37B	1.37B	1.38B	1.38B	1.38B	1.38B
Normalized Net Operating Profit after Tax (NOPAT)	2,033	1,936	3,087	3,236	2,168	2,254	3,228	2,882	2,053	1,665	2,856
Normalized NOPAT Margin	11.34%	6.97%	13.24%	14.38%	11.88%	8.09%	13.76%	12.91%	11.50%	5.95%	13.00%
Pre Tax Income Margin	13.07%	6.51%	15.84%	17.20%	14.10%	5.50%	16.53%	15.76%	13.95%	1.81%	14.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.78	8.52	17.68	17.30	13.45	7.76	20.28	18.50	13.45	2.99	17.65
NOPAT to Interest Expense	7.70	7.23	14.10	13.83	10.73	6.70	16.06	14.34	10.26	3.16	15.03
EBIT Less CapEx to Interest Expense	8.06	-0.20	12.66	13.17	10.45	-5.67	15.15	14.46	10.64	-6.67	12.16
NOPAT Less CapEx to Interest Expense	5.98	-1.50	9.08	9.70	7.73	-6.73	10.93	10.29	7.45	-6.50	9.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	77.99%	75.10%	75.51%	72.90%	73.85%	72.99%	78.02%	79.93%	94.38%	68.75%	62.07%
Augmented Payout Ratio	89.01%	85.49%	86.23%	83.42%	84.49%	83.91%	91.11%	95.66%	116.44%	85.45%	73.89%

Frequently Asked Questions About PepsiCo's Financials

When does PepsiCo's financial year end?

According to the most recent income statement we have on file, PepsiCo's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has PepsiCo's net income changed over the last 9 years?

PepsiCo's net income appears to be on an upward trend, with a most recent value of $9.63 billion in 2024, rising from $5.50 billion in 2015. The previous period was $9.16 billion in 2023. Check out PepsiCo's forecast to explore projected trends and price targets.

What is PepsiCo's operating income?

PepsiCo's total operating income in 2024 was $12.89 billion, based on the following breakdown:

Total Gross Profit: $50.11 billion
Total Operating Expenses: $37.22 billion

How has PepsiCo revenue changed over the last 9 years?

Over the last 9 years, PepsiCo's total revenue changed from $63.06 billion in 2015 to $91.85 billion in 2024, a change of 45.7%.

How much debt does PepsiCo have?

PepsiCo's total liabilities were at $81.30 billion at the end of 2024, a 0.7% decrease from 2023, and a 41.0% increase since 2015.

How much cash does PepsiCo have?

In the past 9 years, PepsiCo's cash and equivalents has ranged from $4.95 billion in 2022 to $10.61 billion in 2017, and is currently $8.51 billion as of their latest financial filing in 2024.

How has PepsiCo's book value per share changed over the last 9 years?

Over the last 9 years, PepsiCo's book value per share changed from 0.00 in 2015 to 13.15 in 2024, a change of 1,315.0%.

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This page (NASDAQ:PEP) was last updated on 5/18/2025 by MarketBeat.com Staff

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