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Keurig Dr Pepper KDP Operating margin

Operating margin at other companies

Coca-Cola logo
Coca-ColaKO
29.6%+1.7pp
National Beverage logo
National BeverageFIZZ
19.5%-0.1pp
PepsiCo logo
PepsiCoPEP
14.8%+3.4pp
Starbucks logo
StarbucksSBUX
7.8%-3.0pp
Monster Beverage logo
Monster BeverageMNST
29.3%+3.0pp
Celsius Holdings, Inc. logo
Celsius Holdings, Inc.CELH
7.7%

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$42.34B-6.3%
Enterprise value$48.4B-20.4%
P/E23.1×-3.8×
P/S2.5×-0.4×

Profitability

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Gross margin53.8%-1.5pp
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

Calculated from Keurig Dr Pepper’s reported figures.

Based on trailing twelve months.

The source filing: Keurig Dr Pepper’s 10-Q, filed April 23, 2026. Open the filing →

Filed
Apr 23, 2026, 9:23 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001418135-26-000026

FAQ

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 5 years (2020 to 2025), Keurig Dr Pepper's operating margin has grown at a 0.2% compound annual growth rate (CAGR), from 21.3% to 21.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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