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Keurig Dr Pepper KDP U.S. Coffee — Income from operations

Other segment segments

U.S. Refreshment Beverages
$721M+10.2%
International
$85M-5.6%

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Other financials

Income statement

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Revenue$4.0B+9.4%
Gross profit$2.1B+5.7%
Operating income$756.0M-5.6%
Net income$270.0M-47.8%
EPS (diluted)$0.20-47.4%

Balance sheet

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Cash & equivalents$18.7B+2,392%
Total debt$24.8B+68.9%
Total equity$25.3B+3.3%
Total assets$73.1B+36.2%

Cash flow

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Operating cash flow$281.0M+34.4%
CapEx$116.0M-3.3%
Free cash flow$165.0M+85.4%

Valuation

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Market cap$45.44B-0.3%
Enterprise value$51.5B-15.8%
P/E24.8×-2.3×
P/S2.7×-0.2×

Profitability

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Gross margin53.8%-1.5pp
Operating margin20.8%+3.9pp
Net margin10.8%+0.2pp
FCF margin9.3%-2.4pp

Returns & leverage

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Return on equity7.4%+0.7pp
Debt / equity+0.4×
Current ratio2.3×+1.8×

Where this comes from

Reported directly by Keurig Dr Pepper in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Keurig Dr Pepper’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Keurig Dr Pepper's U.S. coffee — income from operations?
Keurig Dr Pepper (KDP) reported U.S. coffee — income from operations of $160M in Q1 2026.
How has Keurig Dr Pepper's U.S. coffee — income from operations changed year-over-year?
Keurig Dr Pepper's U.S. coffee — income from operations decreased by 20.8% year-over-year, from $202M to $160M.
What does U.S. coffee — income from operations mean?
Calculated as net sales minus cost of sales and operating expenses, this metric represents the core profitability of the U.S. Coffee segment. It excludes interest, taxes, and corporate-level allocations, providing a clear view of the segment's ability to generate profit from its specific business activities. It is the primary benchmark for management performance within the coffee division.