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PepsiCo (PEP)

Market Price (10/20/2025): $153.9 | Market Cap: $210.7 Bil
Sector: Consumer Staples | Industry: Soft Drinks & Non-alcoholic Beverages

PepsiCo (PEP)

Market Price (10/20/2025): $153.9
Market Cap: $210.7 Bil
Sector: Consumer Staples
Industry: Soft Drinks & Non-alcoholic Beverages

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%, Dividend Yield is 3.6%		 Weak multi-year price returns
2Y Excs Rtn is -51%, 3Y Excs Rtn is -86%		 
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 12 Bil, FCF LTM is 6.8 Bil		  
2 Low stock price volatility
Vol 12M is 23%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%, Dividend Yield is 3.6%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 12 Bil, FCF LTM is 6.8 Bil
2 Low stock price volatility
Vol 12M is 23%
3 Weak multi-year price returns
2Y Excs Rtn is -51%, 3Y Excs Rtn is -86%

Market Valuation & Key Metrics

PEPS&P 500
REVENUE GROWTHPOOR
Rev LTM ($ Bil)92.4
Rev Chg Q2.7%6.1%
Rev Chg LTM0.5%5.2%
Rev Chg 3Y Avg3.4%5.4%
PROFITABILITYFAIR
Op Inc LTM ($ Bil)12.2
Op Mgn LTM13.2%18.6%
CFO LTM ($ Bil)11.8
CFO/Rev LTM12.7%20.4%
Net Inc LTM ($ Bil)7.2
Net Inc Mgn7.8%12.7%
VALUATIONHIGH
P/S2.33.2
P/CFO17.915.9
P/FCF31.020.7
P/E29.224.0
STABILITYVERY GOOD
Debt/Equity0.000.22

PEP Stock

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
PEP Return12%21%7%-3%-8%4%34%
Peers Return7%7%13%-8%-1%-9%7%
S&P 500 Return16%27%-19%24%23%13%106%

Monthly Win Rates [3]
PEP Win Rate58%58%50%58%33%44% 
Peers Win Rate57%48%58%42%53%44% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
PEP Max Drawdown-23%-13%-11%-11%-8%-15% 
Peers Max Drawdown-26%-11%-8%-21%-8%-17% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: KO, MDLZ, KDP, CPB, CAG. See PEP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/17/2025 (YTD)

Downturns Compared

Unique KeyEventPEPS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-19.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven24.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-29.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven41.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven284 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-21.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven26.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven205 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-42.4%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven73.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1485 days1480 days


How Low Can It Go?

PepsiCo's stock fell -19.4% during the 2022 Inflation Shock from a high on 5/12/2023. A -19.4% loss requires a 24.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Interactive Breakdown

PepsiCo Interactive Breakdown Analysis

Better Bets than PepsiCo (PEP)

 PEPBetter Performance than PEP
MetricValueIndustry (Soft Drinks & Non-alcoholic Be)
Rev Chg LTM0.5%KO (1.3%), MNST (3.7%), KDP (4.6%), CELH (11.9%), COKE (3.2%)
Rev Chg 3Y Avg3.4%KO (4.5%), MNST (8.5%), KDP (5.9%), CELH (54.7%), COKE (5.9%)
Op Mgn LTM13.2%KO (30.6%), MNST (26.9%), KDP (21.5%), FIZZ (19.7%)
CFO/Rev LTM12.7%MNST (26.8%), KDP (13.4%), CELH (14.1%), FIZZ (17.3%)
FCF/Rev LTM7.3%MNST (23.5%), KDP (10.0%), CELH (12.7%), FIZZ (14.4%)
Total Yield7.0%
 PEPBetter Performance than PEP
MetricValueAll Other Sectors
Rev Chg LTM0.5%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg3.4%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
Op Mgn LTM13.2%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM12.7%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM7.3%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield7.0%XOM (9.9%), JNJ (7.5%), BAC (7.1%), BABA (37.7%), UNH (9.0%)
 Best Bets In Consumer Staples Sector
 PEPMO PM MNST PG STZ CL HSY FIZZ SMPL COCO
What You Pay           
P/E29.112.529.943.522.220.222.024.918.217.136.1
P/EBIT20.89.316.733.016.811.615.219.914.311.232.5
What You Get           
Rev Chg Q2.7%0.2%7.1%11.1%1.7%-15.0%1.0%26.0%0.3%13.8%17.1%
Rev Chg LTM0.5%-0.2%7.2%3.7%0.3%-5.6%0.1%2.5%0.5%14.2%12.0%
Rev Chg 3Y Avg3.4%-0.9%7.1%8.5%1.7%0.7%4.2%5.2%1.7%8.2%10.6%
FCF/Rev 3Y Avg7.2%42.7%24.4%21.4%17.7%17.0%15.4%13.9%13.9%13.8%12.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 8.7%, alpha of 1.4%, and sharpe of 0.5

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1PepsiCo Earnings Notes  
2PepsiCo Stock Rallied 9.2% - Have You Assessed the RiskReturn 
3How Does PepsiCo Stock Stack Up Against Its Peers?  
4PEP Has Returned $73 Bil To Shareholders In A Decade  
5Now Is Not The Time To Buy PepsiCo StockBuy or Fear 
6PepsiCo vs T-Mobile US: Which Is A Better Investment?Counter-Intuitive Comparisons 
7PepsiCo vs Keurig Dr Pepper: Which Is A Better Investment?Counter-Intuitive Comparisons 
8Better Bet Than PEP Stock: Pay Less Than PepsiCo To Get More From UNH, DIS   
9Better Bet Than PEP Stock: Pay Less Than PepsiCo To Get More From CL, USFD   
10Better Bet Than PEP Stock: Pay Less Than PepsiCo To Get More From COKE   
11ARTICLES  
12S&P 500 Movers | Winners: PEP, MKTX, AZO | Losers: SNPS, MOS, TER October 13th, 2025
13PepsiCo vs Competition: Who Wins? October 13th, 2025
14PEP Capital Return Hits $73 Bil in 10 Years October 7th, 2025
15How To Trade PepsiCo Stock Ahead of Its Upcoming Earnings? October 6th, 2025
16Can PepsiCo Stock Trend Higher Amid Elliott’s Arrival? September 3rd, 2025
Title
0DASHBOARDS
1S&P 500 Movers | Winners: PEP, MKTX, AZO | Losers: SNPS, MOS, TER
2PepsiCo vs Competition: Who Wins?
3PEP Capital Return Hits $73 Bil in 10 Years
4How To Trade PepsiCo Stock Ahead of Its Upcoming Earnings?
5Can PepsiCo Stock Trend Higher Amid Elliott’s Arrival?
6ARTICLES
7PepsiCo Earnings Notes
8PepsiCo Stock Rallied 9.2% - Have You Assessed the Risk
9How Does PepsiCo Stock Stack Up Against Its Peers?
10PEP Has Returned $73 Bil To Shareholders In A Decade
11Now Is Not The Time To Buy PepsiCo Stock
12PepsiCo vs T-Mobile US: Which Is A Better Investment?
13PepsiCo vs Keurig Dr Pepper: Which Is A Better Investment?
14Better Bet Than PEP Stock: Pay Less Than PepsiCo To Get More From UNH, DIS 
15Better Bet Than PEP Stock: Pay Less Than PepsiCo To Get More From CL, USFD 
16Better Bet Than PEP Stock: Pay Less Than PepsiCo To Get More From COKE 

Trade Ideas

Select past ideas related to PEP. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
IPAR_9302025_Dip_Buyer_FCFYield09302025IPARInterparfumsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-0.0%-0.0%-6.0%
TAP_9302025_Dip_Buyer_FCFYield09302025TAPMolson Coors BeverageDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		4.6%4.6%0.0%
STZ_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025STZConstellation BrandsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-15.9%-15.9%-21.1%
SJM_6302025_Dip_Buyer_FCFYield06302025SJMJM SmuckerDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		8.3%8.3%0.0%
BF-B_5312025_Dip_Buyer_ValueBuy05312025BF-BBrown-FormanDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-12.5%-12.5%-22.4%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
IPAR_9302025_Dip_Buyer_FCFYield09302025IPARInterparfumsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-0.0%-0.0%-6.0%
TAP_9302025_Dip_Buyer_FCFYield09302025TAPMolson Coors BeverageDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		4.6%4.6%0.0%
STZ_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025STZConstellation BrandsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-15.9%-15.9%-21.1%
SJM_6302025_Dip_Buyer_FCFYield06302025SJMJM SmuckerDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		8.3%8.3%0.0%
BF-B_5312025_Dip_Buyer_ValueBuy05312025BF-BBrown-FormanDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-12.5%-12.5%-22.4%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines256.7%146.9%
2NVTSNavitas Semiconductor78.1%310.6%
3SSIISS Innovations International40.1%23.4%
4FLNCFluence Energy40.0%15.4%
5BTDRBitdeer Technologies35.1%10.8%
6MVSTMicrovast34.6%181.6%
7POWIPower Integrations31.3%-25.4%
8CCOClear Channel Outdoor30.8%24.1%
9IRONDisc Medicine28.7%41.9%
10BEBloom Energy28.4%402.0%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-35.8%-48.4%
2SRRKScholar Rock-29.2%-35.4%
3AIVApartment Investment & Management-28.3%-9.0%
4ALABAstera Labs-22.5%20.6%
5BYRNByrna Technologies-19.7%-26.6%
6BWINBaldwin Insurance-19.5%-40.3%
7ONDSOndas-17.5%197.3%
8URGUr-Energy-17.4%40.0%
9IIINInsteel Industries-16.4%14.6%
10LIFLife360-16.0%112.3%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1160.2%365.5%
2PRAXPraxis Precision Medicines320.1%146.9%
3QUREuniQure293.5%228.4%
4FLNCFluence Energy131.4%15.4%
5CLPTClearPoint Neuro123.6%65.0%
6NVTSNavitas Semiconductor117.8%310.6%
7LACLithium Americas110.9%128.6%
8ASTSAST SpaceMobile101.5%295.7%
9BETRBetter Home & Finance97.8%610.2%
10GRALGRAIL97.0%337.0%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1SOCSable Offshore-50.9%-48.4%
2FLYFirefly Aerospace-41.7% 
3PGYPagaya Technologies-39.5%185.3%
4UPWheels Up Experience-37.1%-6.7%
5ALABAstera Labs-36.6%20.6%
6VGVenture Global-35.8% 
7USNAUsana Health Sciences-32.3%-41.8%
8UPSTUpstart-31.7%-24.5%
9DOMODomo-30.8%73.6%
10TROXTronox-30.6%-63.2%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines256.7%146.9%
2NVTSNavitas Semiconductor78.1%310.6%
3SSIISS Innovations International40.1%23.4%
4FLNCFluence Energy40.0%15.4%
5BTDRBitdeer Technologies35.1%10.8%
6MVSTMicrovast34.6%181.6%
7POWIPower Integrations31.3%-25.4%
8CCOClear Channel Outdoor30.8%24.1%
9IRONDisc Medicine28.7%41.9%
10BEBloom Energy28.4%402.0%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-35.8%-48.4%
2SRRKScholar Rock-29.2%-35.4%
3AIVApartment Investment & Management-28.3%-9.0%
4ALABAstera Labs-22.5%20.6%
5BYRNByrna Technologies-19.7%-26.6%
6BWINBaldwin Insurance-19.5%-40.3%
7ONDSOndas-17.5%197.3%
8URGUr-Energy-17.4%40.0%
9IIINInsteel Industries-16.4%14.6%
10LIFLife360-16.0%112.3%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for PepsiCo

Financials

PEPKOMDLZKDPCPBCAGMedian
NamePepsiCo Coca-ColaMondelez.Keurig D.Campbell.Conagra . 
Mkt Price153.7168.4462.4628.0330.8618.5646.66
Mkt Cap210.4294.680.938.19.28.959.5
Rev LTM92,36647,06237,10515,75910,25311,45026,432
Op Inc LTM12,19314,4184,8783,3821,3531,3484,130
FCF LTM6,788-7222,8611,5757051,1411,358
FCF 3Y Avg6,6455,9403,1211,3867151,1332,254
CFO LTM11,7551,3014,1642,1171,1311,5441,830
CFO 3Y Avg11,9747,8284,3221,8951,1531,5203,108

Growth & Margins

PEPKOMDLZKDPCPBCAGMedian
NamePepsiCo Coca-ColaMondelez.Keurig D.Campbell.Conagra . 
Rev Chg LTM0.5%1.3%3.1%4.6%6.4%-4.1%2.2%
Rev Chg 3Y Avg3.4%4.5%7.6%5.9%6.2%-0.9%5.2%
Rev Chg Q2.7%1.4%7.7%6.1%1.2%-5.8%2.0%
QoQ Delta Rev Chg LTM0.7%0.4%1.8%1.6%0.3%-1.4%0.5%
Op Mgn LTM13.2%30.6%13.1%21.5%13.2%11.8%13.2%
Op Mgn 3Y Avg13.8%29.4%14.7%21.5%13.3%15.1%14.9%
QoQ Delta Op Mgn LTM-0.3%0.6%0.6%-0.1%0.3%-0.7%0.1%
CFO/Rev LTM12.7%2.8%11.2%13.4%11.0%13.5%12.0%
CFO/Rev 3Y Avg13.0%17.3%12.1%12.5%11.8%12.8%12.7%
FCF/Rev LTM7.3%-1.5%7.7%10.0%6.9%10.0%7.5%
FCF/Rev 3Y Avg7.2%13.1%8.7%9.2%7.4%9.6%9.0%

Valuation

PEPKOMDLZKDPCPBCAGMedian
NamePepsiCo Coca-ColaMondelez.Keurig D.Campbell.Conagra . 
Mkt Cap210.4294.680.938.19.28.959.5
P/S2.36.32.22.40.90.82.2
P/EBIT20.817.617.314.18.15.815.7
P/E29.124.222.224.815.310.523.2
P/CFO17.9226.419.418.08.15.817.9
Total Yield7.0%7.0%7.5%5.7%10.3%17.1%7.3%
Dividend Yield3.6%2.9%3.0%1.6%3.7%7.5%3.3%
FCF Yield 3Y Avg3.1%2.2%3.4%3.1%6.1%9.5%3.3%
D/E0.00.20.30.50.80.90.4
Net D/E0.00.10.20.40.80.90.3

Returns

PEPKOMDLZKDPCPBCAGMedian
NamePepsiCo Coca-ColaMondelez.Keurig D.Campbell.Conagra . 
1M Rtn8.4%3.0%-1.2%4.3%-6.5%0.1%1.6%
3M Rtn8.4%-1.3%-9.8%-15.7%0.8%-0.9%-1.1%
6M Rtn9.9%-4.9%-5.8%-19.5%-15.7%-24.3%-10.8%
12M Rtn-8.8%0.1%-10.1%-21.8%-33.5%-35.1%-16.0%
3Y Rtn-1.4%36.0%18.6%-18.5%-31.1%-37.6%-9.9%
1M Excs Rtn8.7%2.5%-0.9%3.5%-7.4%-1.5%0.8%
3M Excs Rtn3.9%-7.3%-15.0%-20.8%-4.2%-4.9%-6.1%
6M Excs Rtn-16.3%-31.0%-32.0%-45.7%-41.9%-50.4%-36.9%
12M Excs Rtn-23.8%-14.4%-25.0%-36.4%-47.9%-48.1%-30.7%
3Y Excs Rtn-86.5%-50.5%-67.6%-105.7%-116.3%-122.5%-96.1%

Comparison Analyses

Financials

$ Mil | FY: 12/282025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q4
Period End9/6/20256/14/20253/22/202512/28/20249/7/20246/15/20243/23/202412/30/20239/9/20236/17/20233/25/202312/31/2022
Filing Date10/9/20257/17/20254/24/20252/4/202510/8/20247/11/20244/23/20242/9/202410/10/20237/13/20234/25/20232/9/2023
Key Financials Quarterly            
Total Revenue23,93722,72617,91927,78423,31922,50118,25027,85023,45322,32217,84627,996
Ebitda4,5932,8083,4353,3324,8124,9933,5432,9114,9184,5293,3961,859
Operating Income3,7023,6492,5832,2593,8964,0482,7172,6104,0153,6592,6292,379
Net Income2,6031,2631,8341,5232,9303,0832,0421,3023,0922,7481,932518
EPS1.900.921.341.112.132.241.490.952.251.991.400.38
Key Financials TTM            
Total Revenue TTM92,36691,74891,52391,85491,92092,05491,87591,47191,61790,13588,03886,392
Ebitda TTM14,16814,38716,57216,68016,25916,36515,90115,75414,70213,95512,26114,924
Operating Income TTM12,19312,38712,78612,92013,27113,39013,00112,91312,68212,03511,79911,357
Net Income TTM7,2237,5509,3709,5789,3579,5199,1849,0748,2907,9006,5818,910
Growth Rates Quarterly            
Total Revenue Growth2.7%1.0%-1.8%-0.2%-0.6%0.8%2.3%-0.5%6.7%10.4%10.2%10.9%
EBITDA Growth-4.6%-43.8%-3.0%14.5%-2.2%10.2%4.3%56.6%17.9%59.8%-44.0%-50.2%
Operating Income Growth-5.0%-9.9%-4.9%-13.4%-3.0%10.6%3.3%9.7%19.2%6.9%20.2%-7.1%
Net Income Growth-11.2%-59.0%-10.2%17.0%-5.2%12.2%5.7%151.4%14.4%92.3%-54.7%-60.8%
Margins Quarterly            
EBITDA Margin19.2%12.4%19.2%12.0%20.6%22.2%19.4%10.5%21.0%20.3%19.0%6.6%
Operating Income Margin15.5%16.1%14.4%8.1%16.7%18.0%14.9%9.4%17.1%16.4%14.7%8.5%
Net Income Margin10.9%5.6%10.2%5.5%12.6%13.7%11.2%4.7%13.2%12.3%10.8%1.9%
Cash & Debt            
Total Cash-7,9738,5829,2668,0516,6688,35010,00310,2836,4545,2045,348
Total Debt051,38448,51844,94845,01444,92745,86844,66144,77443,62141,76739,554
Net Debt / (Cash)-43,41139,93635,68236,96338,25937,51834,65834,49137,16736,56334,206
Cash Flows Quarterly            
FCF from Operations4,4721,969-9736,2874,9052,356-1,0415,8125,6112,411-3924,505
Cash Flows TTM            
FCF from Operations TTM11,75512,18812,57512,50712,03212,73812,79313,44212,13510,94910,59310,811
Returns to Shareholders Quarterly            
Dividends1,9491,8611,8821,8601,8631,7391,7671,7411,7421,5911,6081,586
Share Repurchases258311183240299315146249298293160344
Return on Invested Capital (ROIC) Quarterly            
ROIC-27.4%20.4%21.5%33.6%33.8%23.1%26.0%37.4%31.0%22.5%27.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM-23.0%25.7%29.2%29.0%28.3%27.9%29.9%29.6%26.6%26.7%27.8%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
PepsiCo Beverages North America (PBNA)27,62626,21325,27622,55921,730
Frito-Lay North America (FLNA)24,91423,29119,60818,18917,078
Europe13,23412,72413,03811,92211,728
Latin America (LatAm)11,6549,7798,1086,9427,573
Africa, Middle East and South Asia (AMESA)6,1396,4386,0784,5733,651
Asia Pacific, Australia and New Zealand and China region (APAC)4,8034,7874,6153,4452,919
Quaker Foods North America (QFNA)3,1013,1602,7512,7422,482
Corporate unallocated expenses 0 00
Total91,47186,39279,47470,37267,161


Operating Income by Segment
$ Mil20242023202220212020
Frito-Lay North America (FLNA)6,7556,1355,6335,3405,258
PepsiCo Beverages North America (PBNA)2,5845,4262,4421,9372,179
Latin America (LatAm)2,2521,6271,3691,0331,141
Africa, Middle East and South Asia (AMESA)807666858600671
Europe767-1,3801,2921,3531,327
Asia Pacific, Australia and New Zealand and China region (APAC)713537673590477
Quaker Foods North America (QFNA)492604578669544
Corporate unallocated expenses-2,384-2,103-1,683-1,442-1,306
Total11,98611,51211,16210,08010,291


Price Behavior

PEP Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta-0.60-0.120.210.310.210.26
Up Beta0.160.690.320.280.270.36
Down Beta-0.99-0.62-0.390.190.110.19
Up Capture-90%-10%44%28%7%4%
Bmk +ve Days13233574144420
Stock +ve Days10223158121375
Down Capture-33%-58%11%65%40%50%
Bmk -ve Days8192952107330
Stock -ve Days11203367129375

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity18,371,072
Short Interest: % Change Since 9152025-8.6%
Average Daily Volume7,652,101
Days-to-Cover Short Interest2.40
Basic Shares Quantity1,369,000,000
Short % of Basic Shares1.3%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/9/20253.7%  
7/17/2025-1.5%-0.6%3.4%
4/24/2025-1.4%-1.3%-4.4%
2/4/20251.5%1.5%7.7%
10/8/20241.2%3.2%-3.4%
7/11/20241.5%3.9%5.1%
4/23/20243.6%2.7%6.3%
2/9/20241.8%-0.8%-1.1%
...
SUMMARY STATS   
# Positive181211
# Negative51112
Median Positive1.4%1.7%3.8%
Median Negative-1.4%-1.1%-2.7%
Max Positive3.7%3.9%8.7%
Max Negative-1.9%-3.1%-12.2%

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Gallagher Marie T.SVP and Controller3062025Sell159.5525,0003,988,7803,559,906Form

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