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Keurig Dr Pepper KDP U.S. Refreshment Beverages — Goodwill

Other segment segments

U.S. Coffee
$8.62B0.0%
International
$2.72B+5.1%

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$192.99M0.0%
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$826M0.0%
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CPBMeals & Beverages — Goodwill
$2.04B+0.1%

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:Goodwill.

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. refreshment beverages — goodwill?
Keurig Dr Pepper (KDP) reported U.S. refreshment beverages — goodwill of $8.87B in Q1 2026.
How has Keurig Dr Pepper's U.S. refreshment beverages — goodwill changed year-over-year?
Keurig Dr Pepper's U.S. refreshment beverages — goodwill increased by 0.2% year-over-year, from $8.86B to $8.87B.
What is the long-term trend for Keurig Dr Pepper's U.S. refreshment beverages — goodwill?
Over 2 years (2023 to 2025), Keurig Dr Pepper's U.S. refreshment beverages — goodwill has grown at a 10.7% compound annual growth rate (CAGR), from $28.92B to $35.47B.
What does U.S. refreshment beverages — goodwill mean?
This represents the carrying value of goodwill attributed to the U.S. Refreshment Beverages business segment. It arises from historical acquisitions where the purchase price exceeded the fair value of identifiable net assets, reflecting the premium paid for brand equity and market presence in the non-coffee beverage category.