Skip to content

PepsiCo PEP Operating margin

Operating margin at other companies

Coca-Cola logo
Coca-ColaKO
29.3%+4.8pp
General Mills logo
General MillsGIS
19%+0.7pp
Hershey logo
HersheyHSY
14.3%-6.3pp
Monster Beverage logo
Monster BeverageMNST
29.3%+3.0pp
Mondelez International logo
Mondelez InternationalMDLZ
9.4%-2.4pp
Keurig Dr Pepper logo
Keurig Dr PepperKDP
20.8%+3.9pp

Other financials

Income statement

See full
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

See full
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

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

Valuation

See full
Market cap$193.52B+3.2%
Enterprise value$235.7B+3.5%
P/E22.2×+2.2×
P/S0.0×

Profitability

See full
Gross margin54.1%-0.7pp
Net margin9.1%-1.1pp

Returns & leverage

See full
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 →

Ask your AI about PepsiCo's operating margin.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is PepsiCo's operating margin?
PepsiCo (PEP) reported operating margin of 12.7% in Q1 2026.
How has PepsiCo's operating margin changed year-over-year?
PepsiCo's operating margin decreased by 8.8% year-over-year, from 13.9% to 12.7%.
What is the long-term trend for PepsiCo's operating margin?
Over 4 years (2021 to 2025), PepsiCo's operating margin has grown at a -4.6% compound annual growth rate (CAGR), from 58.7% to 48.6%.
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.