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Keurig Dr Pepper KDP Operating margin

Operating margin at other companies

Coca-Cola logo
Coca-ColaKO
29.3%+4.8pp
PepsiCo logo
PepsiCoPEP
12.7%-1.2pp
Starbucks logo
StarbucksSBUX
7.6%-4.9pp
Monster Beverage logo
Monster BeverageMNST
29.3%+3.0pp
Constellation Brands logo
Constellation BrandsSTZ
29.8%
Church & Dwight logo
Church & DwightCHD
17.3%+4.2pp

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$42.03B-22.9%
Enterprise value$48.09B-30.7%
P/E22.9×-10.2×
P/S2.5×-1.0×

Profitability

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Gross margin53.8%-1.5pp
Net margin10.8%+0.2pp

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

Calculated from Keurig Dr Pepper’s reported figures.

Based on trailing twelve months.

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 operating margin?
Keurig Dr Pepper (KDP) reported operating margin of 20.8% in Q1 2026.
How has Keurig Dr Pepper's operating margin changed year-over-year?
Keurig Dr Pepper's operating margin increased by 23.1% year-over-year, from 16.9% to 20.8%.
What is the long-term trend for Keurig Dr Pepper's operating margin?
Over 4 years (2021 to 2025), Keurig Dr Pepper's operating margin has grown at a -5.7% compound annual growth rate (CAGR), from 91.4% to 72.4%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.