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PepsiCo PEP Return on invested capital

Return on invested capital at other companies

Campbell Soup logo
Campbell SoupCPB
7.9%+1.6pp
Coca-Cola logo
Coca-ColaKO
17.7%+0.3pp
Conagra Brands logo
Conagra BrandsCAG
13.6%+4.8pp
General Mills logo
General MillsGIS
2%-9.4pp
Hershey logo
HersheyHSY
14.2%-40.9pp
National Beverage logo
National BeverageFIZZ
52.6%-6.4pp

Other financials

Income statement

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Revenue$24.2B+6.4%
Gross profit$13.1B+5.5%
Operating income$4.0B+125%
Net income$3.0B+136%
EPS (diluted)$2.18+137%

Balance sheet

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Cash & equivalents$10.3B+33.6%
Total debt$53.2B+3.6%
Total equity$22.1B+20.0%
Total assets$112.19B+6.5%

Cash flow

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Operating cash flow$2.4B+137%
CapEx$1.3B-16.0%
Free cash flow$1.1B+315%

Valuation

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Market cap$190.48B-0.3%
Enterprise value$233.4B-0.6%
P/E18.2×-7.1×
P/S-0.1×

Profitability

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Gross margin54%-0.5pp
Operating margin14.8%+3.4pp
Net margin10.8%+2.6pp
FCF margin10.8%+3.0pp

Returns & leverage

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Return on equity51.6%+11.7pp
Debt / equity2.4×-0.4×
Current ratio0.9×+0.2×

Where this comes from

Calculated from PepsiCo’s reported figures.

Based on trailing twelve months.

The source filing: PepsiCo’s 10-Q, filed July 8, 2026. Open the filing →

Filed
Jul 8, 2026, 1:52 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000077476-26-000035

FAQ

What is PepsiCo's return on invested capital?
PepsiCo (PEP) reported return on invested capital of 18.1% in Q2 2026.
How has PepsiCo's return on invested capital changed year-over-year?
PepsiCo's return on invested capital increased by 28.0% year-over-year, from 14.1% to 18.1%.
What is the long-term trend for PepsiCo's return on invested capital?
Over 5 years (2020 to 2025), PepsiCo's return on invested capital has grown at a -2.0% compound annual growth rate (CAGR), from 17% to 15.3%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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