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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	216.6%-1.8pp	217.3%-0.5pp	217.7%+0.2pp	218.4%+1.7pp	218.4%+2.5pp
Operating margin	47.4%-7.5pp	48.6%-5.5pp	50.4%-2.8pp	52.8%+0.9pp	54.9%+4.9pp
Net margin	34%-7.2pp	35.1%-5.9pp	36.7%-3.7pp	39.1%-0.2pp	41.2%+3.5pp
Free cash flow margin	32.5%+4.8pp	31.2%+3.6pp	30.9%+2.4pp	28.6%-2.3pp	27.7%-2.3pp
Returns
Return on equity	163.9%-38.8pp	170%-33.5pp	179.6%-22.4pp	191.3%-5.7pp	202.7%+13.4pp
Return on assets	30.5%-7.4pp	31.6%-6.6pp	33.2%-4.8pp	35.6%-1.6pp	37.9%+2.1pp
Return on invested capital	59.2%-12.7pp	61%-10.8pp	64%-7.0pp	68.2%-1.7pp	72%+3.9pp
Efficiency
Asset turnover	3.6×-0.1×	3.6×-0.1×	3.6×-0.1×	3.6×-0.1×	3.7×-0.1×
Inventory turnover	29.1×-0.6×	29.1×-0.7×	29.2×-0.7×	29.4×-1.1×	29.7×-1.1×
Liquidity
Current ratio	3.4×+0.1×	3.4×0.0×	3.3×-0.1×	3.3×-0.1×	3.4×-0.1×
Quick ratio	2.7×+0.1×	2.6×0.0×	2.6×-0.1×	2.6×-0.1×	2.6×-0.1×
Cash ratio	1.1×+0.1×	1×0.0×	1×0.0×	1×-0.1×	1×-0.1×
Leverage
Debt-to-equity	10.5×+0.6×	10.6×+1.0×	10.7×+1.1×	10.4×+0.7×	9.9×+0.1×
Debt-to-assets	1.9×+0.1×	1.9×+0.1×	1.9×+0.1×	1.9×+0.1×	1.9×0.0×
Interest coverage	40.8×-14.9×	43.4×-14.1×	47.1×-10.9×	51.6×-5.1×	55.7×+1.6×
Per Share
Book value per share	$58.00+6.1%	$55.77+1.2%	$54.00-2.5%	$53.99-1.6%	$54.67+2.1%
Valuation
Market capitalization	$780.47B-10.7%	$773.81B-14.9%	$786.19B-15.8%	$827.4B-11.3%	$874.17B-9.1%
Enterprise value	$952.82B-7.5%	$944.18B-11.1%	$951.94B-12.3%	$988.14B-8.6%	$1.03T-7.1%
Price / earnings	98.5×+6.1×	96.2×-0.5×	94.1×-6.5×	92.5×-11.3×	92.5×-19.8×
Price / sales	8.4×-1.2×	8.4×-1.5×	8.6×-1.6×	9×-1.2×	9.5×-1.0×
Price / book	39.2×-7.2×	40.5×-7.4×	42.4×-6.5×	44.5×-4.8×	46.4×-5.6×
EV / sales	10.2×-1.0×	10.2×-1.3×	10.4×-1.5×	10.8×-1.0×	11.2×-0.9×
Free cash flow yield	15.6%+3.8pp	14.9%+3.7pp	14.5%+3.3pp	12.9%+0.8pp	11.8%+0.3pp
Earnings yield	16.3%-1.1pp	16.7%+0.1pp	17.1%+1.2pp	17.4%+1.9pp	17.4%+3.0pp

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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.