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PepsiCo PEP Net margin

Net margin at other companies

Coca-Cola logo
Coca-ColaKO
27.8%+4.8pp
General Mills logo
General MillsGIS
12.1%-1.0pp
Hershey logo
HersheyHSY
9.1%-6.2pp
Monster Beverage logo
Monster BeverageMNST
23.1%+2.8pp
Mondelez International logo
Mondelez InternationalMDLZ
6.6%-3.2pp
Keurig Dr Pepper logo
Keurig Dr PepperKDP
10.8%+0.2pp

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$193.52B+3.2%
Enterprise value$235.7B+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

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 net margin?
PepsiCo (PEP) reported net margin of 9.1% in Q1 2026.
How has PepsiCo's net margin changed year-over-year?
PepsiCo's net margin decreased by 10.6% year-over-year, from 10.2% to 9.1%.
What is the long-term trend for PepsiCo's net margin?
Over 4 years (2021 to 2025), PepsiCo's net margin has grown at a -4.3% compound annual growth rate (CAGR), from 41.7% to 35.1%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.