What are PepsiCo's profit margins?

PepsiCo (PEP) runs a 54.1% gross margin and a 12.7% operating margin, with a 9.1% net margin.

Where do PepsiCo's ratios come from?

Every ratio is computed from PepsiCo's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

PepsiCo PEP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	54.1%-0.7pp	54.1%-0.4pp	54%-0.7pp	54.4%0.0pp	54.7%+0.6pp
Operating margin	12.7%-1.2pp	12.2%-1.8pp	11%-2.4pp	11.4%-2.1pp	13.9%+0.8pp
Net margin	9.1%-1.1pp	8.8%-1.7pp	7.8%-2.4pp	8.2%-2.1pp	10.2%+0.2pp
Free cash flow margin	9.3%+1.3pp	8.2%+0.3pp	7.3%+2.3pp	7.8%+0.9pp	7.9%+0.1pp
Returns
Return on equity	43.9%-6.1pp	42.9%-9.6pp	37.2%-11.7pp	39.9%-11.4pp	50.1%-0.8pp
Return on assets	8.2%-1.1pp	8%-1.6pp	7%-2.4pp	7.4%-2.4pp	9.3%-0.2pp
Return on invested capital	16.1%-1.7pp	15.3%-3.0pp	13.7%-4.2pp	14.1%-3.7pp	17.8%+0.2pp
Efficiency
Asset turnover	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×0.0×
Inventory turnover	7.4×0.0×	7.7×-0.1×	7.2×-0.2×	6.8×-0.3×	7.4×-0.1×
Liquidity
Current ratio	0.9×+0.1×	0.9×0.0×	0.9×0.0×	0.8×-0.1×	0.8×0.0×
Quick ratio	0.7×+0.1×	0.7×0.0×	0.7×0.0×	0.6×0.0×	0.7×0.0×
Cash ratio	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.2×0.0×	0.3×0.0×
Leverage
Debt-to-equity	2.5×-0.2×	2.6×0.0×	2.6×+0.3×	2.8×+0.5×	2.6×+0.2×
Debt-to-assets	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×
Interest coverage	10.5×-2.5×	10.3×-3.8×	9.7×-4.4×	10.4×-4.2×	13×-1.7×
Per Share
Book value per share	$15.60+16.7%	$14.86+13.5%	$14.13+0.1%	$13.41-4.9%	$13.36-3.2%
Valuation
Market capitalization	$212.27B+3.2%	$196.24B-5.9%	$192.27B-17.6%	$179.68B-20.7%	$205.61B-14.6%
Enterprise value	$254.45B+3.5%	$240.06B-3.1%	$234.95B-13.3%	$223.35B-15.7%	$245.81B-11.7%
Price / earnings	24.3×+2.4×	23.8×+2.0×	26.6×+1.7×	23.8×0.0×	21.9×-4.3×
Price / sales	2.2×0.0×	2.1×-0.2×	2.1×-0.5×	2×-0.5×	2.2×-0.4×
Price / book	9.9×-1.3×	9.6×-1.9×	9.9×-2.1×	9.8×-1.9×	11.2×-1.5×
EV / sales	2.7×0.0×	2.6×-0.1×	2.5×-0.4×	2.4×-0.4×	2.7×-0.3×
Free cash flow yield	4.2%+0.6pp	3.9%+0.5pp	3.5%+1.5pp	4%+1.2pp	3.5%+0.5pp
Earnings yield	4.1%-0.4pp	4.2%-0.4pp	3.8%-0.3pp	4.2%0.0pp	4.6%+0.7pp

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Questions, answered.

What are PepsiCo's profit margins?: PepsiCo (PEP) runs a 54.1% gross margin and a 12.7% operating margin, with a 9.1% net margin.
Where do PepsiCo's ratios come from?: Every ratio is computed from PepsiCo's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.