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Keurig Dr Pepper vs Coca Cola: revenue, profit, margins and growth compared

Keurig Dr Pepper brought in $16.6B of revenue in fiscal 2025, Coca Cola $47.9B in fiscal 2025. Revenue changed by +8.2% at Keurig Dr Pepper and +1.9% at Coca Cola on the year before, so Keurig Dr Pepper grew faster. Keurig Dr Pepper kept 12.5% of its revenue as net profit, Coca Cola 27.3%. Free cash flow was $1.5B at Keurig Dr Pepper and $5.3B at Coca Cola.

Side by side, latest fiscal year

KDPKO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$16.6B$47.9B
Revenue growth+8.2%+1.9%
Net income$2.1B$13.1B
Net margin12.5%27.3%
Free cash flow$1.5B$5.3B
Free cash flow margin9.1%11.0%
Earnings per share (diluted)$1.53$3.04
Cash$1B$10.3B
Debt$13.9B$43.9B
Price to earnings20.928.9
Market value$43.5B$377.8B
Dividend yield2.88%2.32%
Rank by revenue in sector#16 of 93 · Consumer staples#9 of 93 · Consumer staples

Over the years

Revenue
KDP FY2018: $7.4BKDP FY2019: $11.1BKDP FY2020: $11.6BKDP FY2021: $12.7BKDP FY2022: $14.1BKDP FY2023: $14.8BKDP FY2024: $15.4BKDP FY2025: $16.6BKO FY2018: $34.3BKO FY2019: $37.3BKO FY2020: $33BKO FY2021: $38.7BKO FY2022: $43BKO FY2023: $45.8BKO FY2024: $47.1BKO FY2025: $47.9BFY18FY19FY20FY21FY22FY23FY24FY25
KDP $16.6BKO $47.9B
Net income
KDP FY2018: $586MKDP FY2019: $1.3BKDP FY2020: $1.3BKDP FY2021: $2.1BKDP FY2022: $1.4BKDP FY2023: $2.2BKDP FY2024: $1.4BKDP FY2025: $2.1BKO FY2018: $6.4BKO FY2019: $8.9BKO FY2020: $7.7BKO FY2021: $9.8BKO FY2022: $9.5BKO FY2023: $10.7BKO FY2024: $10.6BKO FY2025: $13.1BFY18FY19FY20FY21FY22FY23FY24FY25
KDP $2.1BKO $13.1B
Net margin
KDP FY2018: 7.9%KDP FY2019: 11.3%KDP FY2020: 11.4%KDP FY2021: 16.9%KDP FY2022: 10.2%KDP FY2023: 14.7%KDP FY2024: 9.4%KDP FY2025: 12.5%KO FY2018: 18.8%KO FY2019: 23.9%KO FY2020: 23.5%KO FY2021: 25.3%KO FY2022: 22.2%KO FY2023: 23.4%KO FY2024: 22.6%KO FY2025: 27.3%FY18FY19FY20FY21FY22FY23FY24FY25
KDP 12.5%KO 27.3%
Revenue growth
KDP FY2019: +49.4%KDP FY2020: +4.5%KDP FY2021: +9.2%KDP FY2022: +10.8%KDP FY2023: +5.4%KDP FY2024: +3.6%KDP FY2025: +8.2%KO FY2019: +8.6%KO FY2020: -11.4%KO FY2021: +17.1%KO FY2022: +11.3%KO FY2023: +6.4%KO FY2024: +2.9%KO FY2025: +1.9%FY19FY20FY21FY22FY23FY24FY25
KDP +8.2%KO +1.9%
Free cash flow
KDP FY2018: $1.4BKDP FY2019: $2.1BKDP FY2020: $2BKDP FY2021: $2.5BKDP FY2022: $2.5BKDP FY2023: $904MKDP FY2024: $1.7BKDP FY2025: $1.5BKO FY2018: $6.1BKO FY2019: $8.4BKO FY2020: $8.7BKO FY2021: $11.3BKO FY2022: $9.5BKO FY2023: $9.7BKO FY2024: $4.7BKO FY2025: $5.3BFY18FY19FY20FY21FY22FY23FY24FY25
KDP $1.5BKO $5.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Keurig Dr Pepper and Coca Cola

Which is bigger by revenue, Keurig Dr Pepper or Coca Cola?

Coca Cola is bigger by revenue: $47.9B in fiscal 2025, against $16.6B for Keurig Dr Pepper in fiscal 2025.

Which keeps more of its revenue as profit, Keurig Dr Pepper or Coca Cola?

Keurig Dr Pepper had a net margin of 12.5% in fiscal 2025; Coca Cola had 27.3% in fiscal 2025.

Which grew revenue faster, Keurig Dr Pepper or Coca Cola?

In their latest fiscal years revenue changed by +8.2% at Keurig Dr Pepper and +1.9% at Coca Cola.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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