K

Keurig Dr Pepper Inc.

KDP · CIK 0001418135

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$16.60B8.2%
FY2025
Net income (FY)
$2.08B44.3%
FY2025
Free cash flow (FY)
$1.50B9.1%
FY2025
Diluted EPS (FY)
$1.5345.7%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10B$15BFY2008 · Revenue $5.71B · Net income −$312.0M · 0001445305-11-000302 · filed 2011-02-22FY08Revenue $5.71BNet income −$312.0M0001445305-11-000302 · filed 2011-02-22FY2009 · Revenue $5.53B · Net income $555.0M · 0001418135-12-000006 · filed 2012-02-22FY09Revenue $5.53BNet income $555.0M0001418135-12-000006 · filed 2012-02-22FY2010 · Revenue $5.64B · Net income $528.0M · 0001418135-13-000006 · filed 2013-02-21FY10Revenue $5.64BNet income $528.0M0001418135-13-000006 · filed 2013-02-21FY2011 · Revenue $5.90B · Net income $606.0M · 0001418135-14-000008 · filed 2014-02-20FY11Revenue $5.90BNet income $606.0M0001418135-14-000008 · filed 2014-02-20FY2012 · Revenue $6.00B · Net income $629.0M · 0001418135-15-000006 · filed 2015-02-19FY12Revenue $6.00BNet income $629.0M0001418135-15-000006 · filed 2015-02-19FY2013 · Revenue $6.00B · Net income $624.0M · 0001418135-16-000050 · filed 2016-02-23FY13Revenue $6.00BNet income $624.0M0001418135-16-000050 · filed 2016-02-23FY2014 · Revenue $6.12B · Net income $703.0M · 0001418135-17-000010 · filed 2017-02-14FY14Revenue $6.12BNet income $703.0M0001418135-17-000010 · filed 2017-02-14FY2015 · Revenue $6.28B · Net income $764.0M · 0001418135-18-000006 · filed 2018-02-14FY15Revenue $6.28BNet income $764.0M0001418135-18-000006 · filed 2018-02-14FY2016 · Revenue $6.44B · Net income $847.0M · 0001418135-18-000006 · filed 2018-02-14FY16Revenue $6.44BNet income $847.0M0001418135-18-000006 · filed 2018-02-14FY2017 · Revenue $6.69B · Net income $1.08B · 0001418135-18-000006 · filed 2018-02-14FY17Revenue $6.69BNet income $1.08B0001418135-18-000006 · filed 2018-02-14FY2018 · Revenue $7.44B · Net income $586.0M · 0001418135-21-000005 · filed 2021-02-25FY18Revenue $7.44BNet income $586.0M0001418135-21-000005 · filed 2021-02-25FY2019 · Revenue $11.12B · Net income $1.25B · 0001418135-22-000005 · filed 2022-02-24FY19Revenue $11.12BNet income $1.25B0001418135-22-000005 · filed 2022-02-24FY2020 · Revenue $11.62B · Net income $1.32B · 0001418135-23-000003 · filed 2023-02-23FY20Revenue $11.62BNet income $1.32B0001418135-23-000003 · filed 2023-02-23FY2021 · Revenue $12.68B · Net income $2.15B · 0001418135-24-000007 · filed 2024-02-22FY21Revenue $12.68BNet income $2.15B0001418135-24-000007 · filed 2024-02-22FY2022 · Revenue $14.06B · Net income $1.44B · 0001418135-25-000013 · filed 2025-02-25FY22Revenue $14.06BNet income $1.44B0001418135-25-000013 · filed 2025-02-25FY2023 · Revenue $14.81B · Net income $2.18B · 0001418135-26-000016 · filed 2026-02-24FY23Revenue $14.81BNet income $2.18B0001418135-26-000016 · filed 2026-02-24FY2024 · Revenue $15.35B · Net income $1.44B · 0001418135-26-000016 · filed 2026-02-24FY24Revenue $15.35BNet income $1.44B0001418135-26-000016 · filed 2026-02-24FY2025 · Revenue $16.60B · Net income $2.08B · 0001418135-26-000016 · filed 2026-02-24FY25Revenue $16.60BNet income $2.08B0001418135-26-000016 · filed 2026-02-24FY25Revenue $16.60BNet income $2.08B0001418135-26-000016 · filed 2026-02-24FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 2.9× since FY2008 · net margin -5.5% → 12.5%

MarginsNet marginFCF margin
0%20%40%FY2008 · Net margin -5.5% · FCF margin 7.1%FY08Net margin -5.5%FCF margin 7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 10.0% · FCF margin 9.9%FY09Net margin 10.0%FCF margin 9.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 9.4% · FCF margin 40.6%FY10Net margin 9.4%FCF margin 40.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 10.3% · FCF margin 9.2%FY11Net margin 10.3%FCF margin 9.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 10.5% · FCF margin 4.4%FY12Net margin 10.5%FCF margin 4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 10.4% · FCF margin 11.5%FY13Net margin 10.4%FCF margin 11.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 11.5% · FCF margin 13.9%FY14Net margin 11.5%FCF margin 13.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 12.2% · FCF margin 13.3%FY15Net margin 12.2%FCF margin 13.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 13.2% · FCF margin 12.1%FY16Net margin 13.2%FCF margin 12.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 16.1% · FCF margin 12.5%FY17Net margin 16.1%FCF margin 12.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 7.9% · FCF margin 19.3%FY18Net margin 7.9%FCF margin 19.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 11.3% · FCF margin 19.3%FY19Net margin 11.3%FCF margin 19.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 11.4% · FCF margin 17.2%FY20Net margin 11.4%FCF margin 17.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 16.9% · FCF margin 19.3%FY21Net margin 16.9%FCF margin 19.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 10.2% · FCF margin 17.7%FY22Net margin 10.2%FCF margin 17.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 14.7% · FCF margin 6.1%FY23Net margin 14.7%FCF margin 6.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 9.4% · FCF margin 10.8%FY24Net margin 9.4%FCF margin 10.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 12.5% · FCF margin 9.1%FY25Net margin 12.5%FCF margin 9.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 12.5%FCF margin 9.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 12.5% · free cash flow 9.1% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2B$3BFY2008 · OCF $709.0M · FCF $405.0M · 0001445305-11-000302 · filed 2011-02-22FY08OCF $709.0MFCF $405.0M0001445305-11-000302 · filed 2011-02-22FY2009 · OCF $865.0M · FCF $548.0M · 0001418135-12-000006 · filed 2012-02-22FY09OCF $865.0MFCF $548.0M0001418135-12-000006 · filed 2012-02-22FY2010 · OCF $2.54B · FCF $2.29B · 0001418135-13-000006 · filed 2013-02-21FY10OCF $2.54BFCF $2.29B0001418135-13-000006 · filed 2013-02-21FY2011 · OCF $783.0M · FCF $545.0M · 0001418135-14-000008 · filed 2014-02-20FY11OCF $783.0MFCF $545.0M0001418135-14-000008 · filed 2014-02-20FY2012 · OCF $482.0M · FCF $265.0M · 0001418135-15-000006 · filed 2015-02-19FY12OCF $482.0MFCF $265.0M0001418135-15-000006 · filed 2015-02-19FY2013 · OCF $866.0M · FCF $687.0M · 0001418135-16-000050 · filed 2016-02-23FY13OCF $866.0MFCF $687.0M0001418135-16-000050 · filed 2016-02-23FY2014 · OCF $1.02B · FCF $852.0M · 0001418135-17-000010 · filed 2017-02-14FY14OCF $1.02BFCF $852.0M0001418135-17-000010 · filed 2017-02-14FY2015 · OCF $1.01B · FCF $835.0M · 0001418135-18-000006 · filed 2018-02-14FY15OCF $1.01BFCF $835.0M0001418135-18-000006 · filed 2018-02-14FY2016 · OCF $961.0M · FCF $781.0M · 0001418135-18-000006 · filed 2018-02-14FY16OCF $961.0MFCF $781.0M0001418135-18-000006 · filed 2018-02-14FY2017 · OCF $1.04B · FCF $836.0M · 0001418135-18-000006 · filed 2018-02-14FY17OCF $1.04BFCF $836.0M0001418135-18-000006 · filed 2018-02-14FY2018 · OCF $1.61B · FCF $1.43B · 0001418135-21-000005 · filed 2021-02-25FY18OCF $1.61BFCF $1.43B0001418135-21-000005 · filed 2021-02-25FY2019 · OCF $2.47B · FCF $2.14B · 0001418135-22-000005 · filed 2022-02-24FY19OCF $2.47BFCF $2.14B0001418135-22-000005 · filed 2022-02-24FY2020 · OCF $2.46B · FCF $2.00B · 0001418135-23-000003 · filed 2023-02-23FY20OCF $2.46BFCF $2.00B0001418135-23-000003 · filed 2023-02-23FY2021 · OCF $2.87B · FCF $2.45B · 0001418135-24-000007 · filed 2024-02-22FY21OCF $2.87BFCF $2.45B0001418135-24-000007 · filed 2024-02-22FY2022 · OCF $2.84B · FCF $2.48B · 0001418135-25-000013 · filed 2025-02-25FY22OCF $2.84BFCF $2.48B0001418135-25-000013 · filed 2025-02-25FY2023 · OCF $1.33B · FCF $904.0M · 0001418135-26-000016 · filed 2026-02-24FY23OCF $1.33BFCF $904.0M0001418135-26-000016 · filed 2026-02-24FY2024 · OCF $2.22B · FCF $1.66B · 0001418135-26-000016 · filed 2026-02-24FY24OCF $2.22BFCF $1.66B0001418135-26-000016 · filed 2026-02-24FY2025 · OCF $1.99B · FCF $1.50B · 0001418135-26-000016 · filed 2026-02-24FY25OCF $1.99BFCF $1.50B0001418135-26-000016 · filed 2026-02-24FY25OCF $1.99BFCF $1.50B0001418135-26-000016 · filed 2026-02-24’09’13’17’21’25

FY2025: $1.99B operating cash − $486.0M capex = $1.50B free cash flow

Returns on capitalReturn on equityReturn on assets
0%20%40%FY2009 · ROE 17.4% · ROA 6.3%FY09ROE 17.4%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 21.5% · ROA 6.0%FY10ROE 21.5%ROA 6.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 26.8% · ROA 6.5%FY11ROE 26.8%ROA 6.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 27.6% · ROA 7.0%FY12ROE 27.6%ROA 7.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 27.4% · ROA 7.6%FY13ROE 27.4%ROA 7.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 30.6% · ROA 8.5%FY14ROE 30.6%ROA 8.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 35.0% · ROA 8.6%FY15ROE 35.0%ROA 8.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 39.7% · ROA 8.7%FY16ROE 39.7%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 43.9% · ROA 10.7%FY17ROE 43.9%ROA 10.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 2.6% · ROA 1.2%FY18ROE 2.6%ROA 1.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 5.4% · ROA 2.5%FY19ROE 5.4%ROA 2.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 5.6% · ROA 2.7%FY20ROE 5.6%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 8.6% · ROA 4.2%FY21ROE 8.6%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 5.7% · ROA 2.8%FY22ROE 5.7%ROA 2.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 8.5% · ROA 4.2%FY23ROE 8.5%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 5.9% · ROA 2.7%FY24ROE 5.9%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 8.1% · ROA 3.7%FY25ROE 8.1%ROA 3.7%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 8.1%ROA 3.7%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 17% (FY2009) → 8% (FY2025) · on assets 3.7%

Balance sheetLiabilitiesEquity
$0$20B$40BFY2009 · Liabilities $5.59B · Equity $3.19BFY09Liabilities $5.59BEquity $3.19B0001445305-11-000302 · filed 2011-02-22FY2010 · Liabilities $6.40B · Equity $2.46BFY10Liabilities $6.40BEquity $2.46B0001418135-12-000006 · filed 2012-02-22FY2011 · Liabilities $7.02B · Equity $2.26BFY11Liabilities $7.02BEquity $2.26B0001418135-13-000006 · filed 2013-02-21FY2012 · Liabilities $6.65B · Equity $2.28BFY12Liabilities $6.65BEquity $2.28B0001418135-14-000008 · filed 2014-02-20FY2013 · Liabilities $5.92B · Equity $2.28BFY13Liabilities $5.92BEquity $2.28B0001418135-15-000006 · filed 2015-02-19FY2014 · Liabilities $5.97B · Equity $2.29BFY14Liabilities $5.97BEquity $2.29B0001418135-16-000050 · filed 2016-02-23FY2015 · Liabilities $6.69B · Equity $2.18BFY15Liabilities $6.69BEquity $2.18B0001418135-17-000010 · filed 2017-02-14FY2016 · Liabilities $7.66B · Equity $2.13BFY16Liabilities $7.66BEquity $2.13B0001418135-18-000006 · filed 2018-02-14FY2017 · Liabilities $7.57B · Equity $2.45BFY17Liabilities $7.57BEquity $2.45B0001418135-18-000006 · filed 2018-02-14FY2018 · Liabilities $26.39B · Equity $22.53BFY18Liabilities $26.39BEquity $22.53B0001418135-20-000007 · filed 2020-02-27FY2019 · Liabilities $26.26B · Equity $23.26BFY19Liabilities $26.26BEquity $23.26B0001418135-21-000005 · filed 2021-02-25FY2020 · Liabilities $25.95B · Equity $23.83BFY20Liabilities $25.95BEquity $23.83B0001418135-22-000005 · filed 2022-02-24FY2021 · Liabilities $25.63B · Equity $24.97BFY21Liabilities $25.63BEquity $24.97B0001418135-23-000003 · filed 2023-02-23FY2022 · Liabilities $26.71B · Equity $25.13BFY22Liabilities $26.71BEquity $25.13B0001418135-24-000007 · filed 2024-02-22FY2023 · Liabilities $26.45B · Equity $25.68BFY23Liabilities $26.45BEquity $25.68B0001418135-25-000013 · filed 2025-02-25FY2024 · Liabilities $29.19B · Equity $24.24BFY24Liabilities $29.19BEquity $24.24B0001418135-26-000016 · filed 2026-02-24FY2025 · Liabilities $29.94B · Equity $25.52BFY25Liabilities $29.94BEquity $25.52B0001418135-26-000016 · filed 2026-02-24FY25Liabilities $29.94BEquity $25.52B0001418135-26-000016 · filed 2026-02-24’09’13’17’21’25

FY2025: $55.46B assets · $29.94B liabilities · $25.52B equity

The receipts