PepsiCo, Inc. (PEP) Stock Analysis
Consumer Defensive · Beverages - Non-Alcoholic · NasdaqGS
PepsiCo, Inc. (PEP) posted $93.92B in revenue for fiscal 2025 (up 2.3% year over year), at a 8.8% net margin, and has compounded revenue about 5.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on PepsiCo, Inc.
PepsiCo, Inc. has grown revenue from $62.80B to $93.92B over the last 10 fiscal years, compounding about 5.9% a year. The most recent year was up 2.3%, so growth has cooled from its longer-run pace.
Net margin sits at 8.8%, down 1.6 points year over year on a 54.1% gross margin. It carries about $53.21B of total debt.
At today's valuation the market is pricing in roughly 10.7% annual free-cash-flow growth — versus the 3.8% it actually delivered over the last five years, so the price already assumes a step-up from the recent record.
Synthesised from PepsiCo, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
PepsiCo, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62.80B | $63.52B | $64.66B | $67.16B | $70.37B | $79.47B | $86.39B | $91.47B | $91.85B | $93.92B |
| Gross profit | $34.58B | $34.73B | $35.28B | $37.03B | $38.58B | $42.40B | $45.82B | $49.59B | $50.11B | $50.86B |
| Net income | $6.33B | $4.86B | $12.52B | $7.31B | $7.12B | $7.62B | $8.91B | $9.07B | $9.58B | $8.24B |
| Net margin | 10.1% | 7.6% | 19.4% | 10.9% | 10.1% | 9.6% | 10.3% | 9.9% | 10.4% | 8.8% |
Source: PepsiCo, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
PepsiCo, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into PEP stock?
At today's market cap of $190.64B, PepsiCo, Inc. is priced for free-cash-flow growth of about 10.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $7.67B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 3.8%/yr over the last five fiscal years and revenue 5.9%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of PepsiCo, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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PepsiCo, Inc. financial history by metric
Compare PepsiCo, Inc. with peers
About PepsiCo, Inc.
PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through six segments: PepsiCo Foods North America; PepsiCo Beverages North America; International Beverages Franchise; Europe, Middle East and Africa; Latin America Foods; and Asia Pacific Foods. It offers cereals, chips, dips, granola bars, oatmeal, pasta, rice, and syrups and mixes; refrigerated dips and spreads; beverage concentrates, fountain syrups, and finished goods; and ready-to-drink tea and coffee products. The company also provides SodaStream sparkling water makers and related products, as well as various dairy products under the Agusha, Chudo, and Domik v Derevne brands. It serves wholesale and other distributors, foodservice customers, grocery stores, drug stores, convenience stores, discount/dollar stores, mass merchandisers, membership stores, hard discounters, e-commerce retailers and authorized independent bottlers, and others through a network of direct-store-delivery, customer warehouse, and distributor networks, as well as directly to consumers through e-commerce platforms and retailers. PepsiCo, Inc. was founded in 1898 and is based in Purchase, New York.
PepsiCo, Inc. — frequently asked questions
What is PepsiCo, Inc.'s revenue?
PepsiCo, Inc. (PEP) reported revenue of $93.92B for fiscal year 2025, up 2.3% from the prior year, according to its SEC filings.
Is PepsiCo, Inc. profitable?
Yes. PEP earned net income of $8.24B in fiscal 2025, a net margin of 8.8%.
What is PEP's P/E ratio?
PepsiCo, Inc. trades at a price-to-earnings ratio of about 18.3 based on the latest data in our nightly-refreshed cache.
How fast is PepsiCo, Inc. growing?
PEP's revenue grew at roughly 5.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does PepsiCo, Inc. have?
As of fiscal year 2025, PEP carried roughly $53.21B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is PepsiCo, Inc.'s gross margin?
PEP's gross margin was 54.1% in fiscal 2025 — gross profit of $50.86B on revenue of $93.92B.
What is PepsiCo, Inc.'s market cap?
PepsiCo, Inc. (PEP) has a market capitalization of about $190.64B, based on the latest data in our nightly-refreshed cache.
When does PepsiCo, Inc.'s fiscal year end?
PEP's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into PEP stock?
At today's market cap of $190.64B, PepsiCo, Inc. is priced for free-cash-flow growth of about 10.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $7.67B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 3.8%/yr over the last five fiscal years and revenue 5.9%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from PepsiCo, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.