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PepsiCo PEP Free cash flow yield

Free cash flow yield at other companies

Coca-Cola logo
Coca-ColaKO
3.8%
General Mills logo
General MillsGIS
6.8%-0.6pp
Hershey logo
HersheyHSY
4.6%-0.7pp
Monster Beverage logo
Monster BeverageMNST
2.9%-0.2pp
Mondelez International logo
Mondelez InternationalMDLZ
3.5%-0.3pp
Keurig Dr Pepper logo
Keurig Dr PepperKDP
4.4%+0.5pp

Other financials

Income statement

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Revenue$19.4B+8.5%
Gross profit$10.7B+7.4%
Operating income$3.2B+24.4%
Net income$2.3B+26.9%
EPS (diluted)$1.70+27.8%

Balance sheet

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Cash & equivalents$10.6B+26.8%
Total debt$52.7B+8.7%
Total equity$21.4B+16.3%
Total assets$110.65B+8.8%

Cash flow

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Operating cash flow$41.0M+104%
CapEx$447.0M-25.9%
Free cash flow-$406.0M+74.2%

Valuation

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Market cap$194.11B+3.2%
Enterprise value$236.29B+3.5%
P/E22.2×+2.2×
P/S0.0×

Profitability

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Gross margin54.1%-0.7pp
Operating margin12.7%-1.2pp
Net margin9.1%-1.1pp

Returns & leverage

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Return on equity43.9%-6.1pp
Debt / equity2.5×-0.2×
Current ratio0.9×+0.1×

Where this comes from

Calculated from PepsiCo’s reported figures.

Based on trailing twelve months.

The official record: PepsiCo’s 10-Q, filed April 16, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PepsiCo's free cash flow yield?
PepsiCo (PEP) reported free cash flow yield of 4.2% in Q1 2026.
How has PepsiCo's free cash flow yield changed year-over-year?
PepsiCo's free cash flow yield increased by 17.8% year-over-year, from 3.5% to 4.2%.
What is the long-term trend for PepsiCo's free cash flow yield?
Over 4 years (2021 to 2025), PepsiCo's free cash flow yield has grown at a 2.9% compound annual growth rate (CAGR), from 13.3% to 14.9%.
What does free cash flow yield mean?
The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?
Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?
Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.