KDP
Keurig Dr Pepper Inc.Stock · Consumer StaplesS&P 500 Equal Weight 0.2% · Nasdaq-100 0.2% · Nasdaq Composite 0.09% · S&P 500 0.07% · Russell 1000 0.06% · US Stock Market 0.06% · Russell 3000 0.06% · MSCI World 0.04% · MSCI ACWI 0.04%$31.39-0.22%
as of market close, Sep 11, 2026
☾ AH — —
KDP financial statements
The full income statement, balance sheet, and cash-flow statement for Keurig Dr Pepper Inc. (KDP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 1.36B2024-09 1.36B2024-12 1.36B2025-03 1.36B2025-06 1.36B2025-09 1.36B2025-12 1.36B2026-03 1.36B2026-06 1.36B+0.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 16.6B+8.2% | 15.4B+3.6% | 14.8B+5.4% | 14.1B+10.8% | 12.7B+9.2% | |
| 9.00B+5.5% | 8.53B+5.6% | 8.08B+10.3% | 7.32B+5.0% | 6.98B+7.6% | ||
| Cost of revenue | 7.60B+11.5% | 6.82B+1.3% | 6.73B+0.0% | 6.73B+18.0% | 5.71B+11.2% | |
| Research & development | 70.0M+0.0% | 70.0M+6.1% | 66.0M+1.5% | 65.0M-1.5% | 66.0M-4.3% | |
| Selling, general & administrative | 5.35B+6.7% | 5.01B+2.1% | 4.91B+5.7% | 4.64B+11.8% | 4.15B+4.4% | |
| Restructuring | 63.0M-30.8% | 91.0M+160.0% | 35.0M-79.7% | 172M-14.9% | 202M+1.0% | |
| Amortization of intangibles | 138M+3.8% | 133M-2.9% | 137M-0.7% | 138M+3.0% | 134M+0.8% | |
| Provision for credit losses | — | 0.00-100.0% | 3.00M+0.0% | 3.00M+123.1% | -13.0M-176.5% | |
| Operating income | 3.58B+38.0% | 2.59B-18.8% | 3.19B+22.5% | 2.60B-10.0% | 2.89B+16.7% | |
| Interest expense | — | — | 496M-28.4% | 693M+38.6% | 500M-17.2% | |
| Other non-operating income | -134M-331.0% | 58.0M-4.9% | 61.0M+535.7% | -14.0M-800.0% | 2.00M+111.8% | |
| Equity-method income | 81.0M+92.9% | 42.0M+27.3% | 33.0M+760.0% | -5.00M+0.0% | -5.00M+75.0% | |
| Pre-tax income | 2.69B+40.4% | 1.91B-30.6% | 2.76B+60.4% | 1.72B-38.6% | 2.80B+59.6% | |
| Income tax | 608M+28.5% | 473M-17.9% | 576M+102.8% | 284M-56.5% | 653M+52.6% | |
| 2.08B+44.3% | 1.44B-33.9% | 2.18B+51.9% | 1.44B-33.1% | 2.15B+62.0% | ||
| Net income to non-controlling interest | — | 0.00-100.0% | 2.18B+218200.0% | -1.00M+0.0% | -1.00M | |
| $1.53+45.7% | $1.05-32.3% | $1.55+53.5% | $1.01-32.7% | $1.50+61.3% | ||
| EPS (basic) | $1.53+44.3% | $1.06-32.1% | $1.56+54.5% | $1.01-33.6% | $1.52+61.7% | |
| Weighted-avg shares (basic) | 1.36B-0.3% | 1.36B-2.7% | 1.40B-1.2% | 1.42B+0.1% | 1.42B+0.6% | |
| Weighted-avg shares (diluted) | 1.36B-0.4% | 1.37B-2.8% | 1.41B-1.4% | 1.43B+0.0% | 1.43B+0.4% | |
| Dividends per share | $0.92+3.4% | $0.89+7.2% | $0.83+7.1% | $0.78+8.8% | $0.71+18.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.27B+31.7% | 4.00B+18.4% | 3.38B-11.3% | 3.80B+24.4% | 3.06B+28.0% | ||
| Cash & equivalents | 1.03B+101.2% | 510M+91.0% | 267M-50.1% | 535M-5.6% | 567M+136.3% | |
| Accounts receivable | 1.67B+11.3% | 1.50B+9.8% | 1.37B-7.8% | 1.48B+29.3% | 1.15B+9.5% | |
| Inventory | 1.73B+33.4% | 1.30B+13.7% | 1.14B-13.1% | 1.31B+47.0% | 894M+17.3% | |
| Prepaid expenses | 818M+35.0% | 606M+1.3% | 598M+27.0% | 471M+5.4% | 447M+38.4% | |
| Other current assets | 484M+11.8% | 433M | — | — | — | |
| 55.5B+3.8% | 53.4B+2.5% | 52.1B+0.6% | 51.8B+2.4% | 50.6B+1.6% | ||
| Property, plant & equipment | 3.23B+9.0% | 2.96B+9.8% | 2.70B+8.4% | 2.49B-0.1% | 2.49B+12.7% | |
| Operating lease right-of-use | 845M-4.0% | 880M+0.5% | 876M-0.6% | 881M+30.9% | 673M+4.3% | |
| Goodwill | 20.2B+1.0% | 20.1B-0.7% | 20.2B+0.6% | 20.1B-0.5% | 20.2B-0.0% | |
| Intangible assets | 23.7B+0.4% | 23.6B+1.5% | 23.3B+0.4% | 23.2B-2.8% | 23.9B-0.5% | |
| Deferred tax assets | 36.0M-7.7% | 39.0M+25.8% | 31.0M-11.4% | 35.0M-16.7% | 42.0M-6.7% | |
| Other non-current assets | 1.29B+7.9% | 1.20B+4.4% | 1.15B-8.2% | 1.25B+33.6% | 937M+4.8% | |
| 8.29B+2.5% | 8.09B-9.3% | 8.92B+10.4% | 8.08B+24.5% | 6.49B-15.7% | ||
| Accounts payable | 3.00B+0.4% | 2.98B-17.0% | 3.60B-30.9% | 5.21B+20.6% | 4.32B+15.4% | |
| Accrued liabilities | 1.38B-12.9% | 1.58B+27.5% | 1.24B+7.7% | 1.15B+3.9% | 1.11B+6.7% | |
| Short-term & current debt | 895M-12.8% | 1.03B-10.8% | 1.15B+131.9% | 496M+220.0% | 155M-93.4% | |
| Current lease liability | 127M-0.8% | 128M+12.3% | 114M+14.0% | 100M+31.6% | 76.0M+5.6% | |
| Other current liabilities | 785M-6.0% | 835M+16.9% | 714M+4.2% | 685M+11.7% | 613M+47.4% | |
| Finance lease liability (current) | 179M+43.2% | 125M+17.9% | 106M+11.6% | 95.0M+20.3% | 79.0M+79.5% | |
| 29.9B+2.6% | 29.2B+10.3% | 26.5B-1.0% | 26.7B+4.2% | 25.6B-1.2% | ||
| Long-term debt | 13.0B+1.0% | 12.9B+29.8% | 9.95B-10.2% | 11.1B-4.4% | 11.6B+3.9% | |
| Non-current lease liability | 764M-3.3% | 790M-0.4% | 793M-1.2% | 803M+32.1% | 608M+4.8% | |
| Operating lease liability (total) | 891M-2.9% | 918M+1.2% | 907M+0.4% | 903M+32.0% | 684M+4.9% | |
| Finance lease liability (total) | 924M+15.2% | 802M+10.5% | 726M+1.8% | 713M | — | |
| Finance lease liability | 745M+10.0% | 677M+9.2% | 620M+0.3% | 618M-0.5% | 621M+108.4% | |
| Deferred tax liabilities | 5.53B+1.7% | 5.43B-5.6% | 5.76B+0.4% | 5.74B-4.1% | 5.99B-0.1% | |
| Other non-current liabilities | 3.09B+12.3% | 2.75B+50.2% | 1.83B+0.4% | 1.82B+15.7% | 1.58B+40.9% | |
| 25.5B+5.3% | 24.2B-5.6% | 25.7B+2.2% | 25.1B+0.6% | 25.0B+4.8% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 14.0M+0.0% | 14.0M+0.0% | 14.0M+0.0% | 14.0M+0.0% | 14.0M+0.0% | |
| Additional paid-in capital | 19.8B+0.3% | 19.7B-5.2% | 20.8B-3.1% | 21.4B-1.6% | 21.8B+0.5% | |
| Retained earnings | 5.62B+17.3% | 4.79B+5.1% | 4.56B+28.8% | 3.54B+10.6% | 3.20B+55.2% | |
| Accumulated other comprehensive income | 102M+137.0% | -276M-187.6% | 315M+144.2% | 129M+596.2% | -26.0M-133.8% | |
| Non-controlling interest | 0.00 | 0.00 | 0.00+100.0% | -1.00M | 0.00-100.0% | |
| Total equity incl. non-controlling | 25.5B+5.3% | 24.2B-5.6% | 25.7B+2.2% | 25.1B+0.6% | 25.0B+4.8% | |
| Total liabilities & equity | 55.5B+3.8% | 53.4B+2.5% | 52.1B+0.6% | 51.8B+2.4% | 50.6B+1.6% | |
| Common shares issued | 1.36B+0.1% | 1.36B-2.4% | 1.39B-1.3% | 1.41B-0.7% | 1.42B+0.8% | |
| Common shares outstanding | 1.36B+0.1% | 1.36B-2.4% | 1.39B-1.3% | 1.41B-0.7% | 1.42B+0.8% | |
| Shares outstanding (cover) | 1.36B+0.1% | 1.36B-2.2% | 1.39B-1.3% | 1.41B-0.8% | 1.42B+0.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.99B-10.3% | 2.22B+67.0% | 1.33B-53.2% | 2.84B-1.3% | 2.87B+17.0% | ||
| Depreciation & amortization | 593M+6.8% | 555M+3.0% | 539M+0.4% | 537M-1.3% | 544M+9.9% | |
| Intangible amortization | 138M+3.8% | 133M-2.9% | 137M-0.7% | 138M+3.0% | 134M+0.8% | |
| Share-based compensation | 97.0M-1.0% | 98.0M-15.5% | 116M+123.1% | 52.0M-40.9% | 88.0M+3.5% | |
| Deferred income taxes | 45.0M+117.7% | -254M-6250.0% | -4.00M+98.6% | -289M-1032.3% | 31.0M+160.8% | |
| Change in receivables | 202M-3.3% | 209M+398.6% | -70.0M-117.6% | 398M+161.8% | 152M+2940.0% | |
| Change in inventory | 405M+340.2% | 92.0M+150.5% | -182M-142.7% | 426M+220.3% | 133M+24.3% | |
| -573M+64.5% | -1.61B-105.9% | -784M+30.9% | -1.14B-640.5% | 210M+166.5% | ||
| Capital expenditure | 486M-13.7% | 563M+32.5% | 425M+20.4% | 353M-16.5% | 423M-8.2% | |
| Free cash flow | 1.50B-9.1% | 1.66B+83.2% | 904M-63.6% | 2.48B+1.3% | 2.45B+22.9% | |
| Acquisitions | 149M-85.1% | 1.00B | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 14.0M+250.0% | 4.00M-55.6% | 9.00M-94.6% | 168M+37.7% | 122M-39.9% | |
| Other investing activities | -66.0M-500.0% | -11.0M-175.0% | -4.00M+33.3% | -6.00M-137.5% | 16.0M+277.8% | |
| -999M-348.0% | -223M+73.2% | -832M+51.9% | -1.73B+37.4% | -2.76B-38.8% | ||
| Long-term debt issued | 2.00B-33.3% | 3.00B | 0.00-100.0% | 3.00B+39.5% | 2.15B+43.3% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 140M | |
| Common stock repurchased | 9.00M-99.2% | 1.11B+57.2% | 706M+86.3% | 379M | 0.00 | |
| Dividends paid | 1.25B+4.7% | 1.19B+4.6% | 1.14B+5.7% | 1.08B+13.1% | 955M+12.9% | |
| Other financing activities | -5.00M+28.6% | -7.00M-16.7% | -6.00M+87.0% | -46.0M-27.8% | -36.0M | |
| FX effect on cash | 17.0M+141.5% | -41.0M-315.8% | 19.0M+371.4% | -7.00M+22.2% | -9.00M-50.0% | |
| Interest paid | 594M+20.2% | 494M+11.5% | 443M+22.0% | 363M-23.9% | 477M-7.4% | |
| Income taxes paid | 460M+39.0% | 331M-34.7% | 507M-26.1% | 686M+35.6% | 506M-13.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 38.1B-12.7% | 43.6B-6.5% | 46.6B-7.7% | 50.5B-3.4% | 52.3B+16.1% | |
| P/E | 18.3×-39.5% | 30.2×+26.0% | 24.0×-13.2% | 27.7×+13.5% | 24.4×-28.3% | |
| P/S | 2.3×-19.3% | 2.8×-10.1% | 3.2×-14.7% | 3.7×-10.2% | 4.1×+6.3% | |
| P/B | 1.5×-17.0% | 1.8×-2.1% | 1.8×-8.7% | 2.0×-3.9% | 2.1×+10.8% | |
| P/FCF | 25.3×-3.9% | 26.3×-20.5% | 33.1×+75.8% | 18.8×-11.7% | 21.3×-5.5% | |
| Earnings yield | 5.5%+65.2% | 3.3%-20.6% | 4.2%+15.2% | 3.6%-11.9% | 4.1%+39.5% | |
| FCF yield | 4.0%+4.1% | 3.8%+25.8% | 3.0%-43.1% | 5.3%+13.2% | 4.7%+5.8% | |
| Dividend yield | 3.3%+18.5% | 2.8%+11.2% | 2.5%+14.6% | 2.2%+12.4% | 1.9%+3.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: KDP’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all KDP filings on SEC EDGAR → Not investment advice.