Keurig Dr Pepper (KDP) stock
Consumer Staples · Soft Drinks & Non-alcoholic Beverages
Keurig Dr Pepper (KDP) is a Soft Drinks & Non-alcoholic Beverages company in the Consumer Staples sector, headquartered in Burlington, Massachusetts. As of October 23, 2026, KDP closed at $34.68, a market capitalization of $47.19 billion, the 243rd largest company in the S&P 500. Over the last twelve months it generated $20.09 billion in revenue (+76% year over year) and $1.97 billion in free cash flow. The stock trades at 35.0x trailing earnings and 13.7x forward earnings.
- 1-year total return: +29.9% (dividends reinvested)
- 5-year return: +2.7% a year
- 52-week range: $24.88 – $35.40
- Gross margin 51.0%, operating margin 12.9%
- Dividend yield: 2.65%, 5 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 13th largest of 34 Consumer Staples stocks in the S&P 500
KDP price chart
1Y price change: +25.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| KDP | +10.0% | +27.8% | +29.9% | +10.1% | +2.7% | +12.0% | +14.9% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2008.
KDP key statistics
- Market cap
- $47.2B
- #243 in S&P 500
- P/E (TTM)
- 35.0x
- Forward P/E
- 13.7x
- EPS (TTM)
- $0.99
- Revenue (TTM)
- $20.1B
- +76%
- Free cash flow
- $2.0B
- Gross margin
- 51.0%
- Operating margin
- 12.9%
- Return on equity
- 5.1%
- Dividend yield
- 2.65%
- 52-week range
- $24.88 – $35.40
- Beta
- 0.41
- Price / sales
- 2.3x
- EV / EBITDA
- 18.3x
- Debt / equity
- 1.00x
- Employees
- 50,000
KDP report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth75.6%A
- Gross margin51.0%B
- Operating margin12.9%C
- FCF margin9.8%C
- Return on equity5.1%D
- Net debt / EBITDA6.7xF
- Forward P/E13.7xA
- PEG ratio1.0xA
- Shareholder yield2.7%C
- Share count change / yr-0.8%B
Keurig Dr Pepper financials
Revenue went from $6.4B in fiscal 2016 to $16.6B in fiscal 2025, growing 11.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.4B | $6.7B | $7.4B | $11.1B | $11.6B | $12.7B | $14.1B | $14.8B | $15.4B | $16.6B |
| Gross profit | $3.9B | $4.0B | $3.9B | $6.3B | $6.5B | $7.0B | $7.3B | $8.1B | $8.5B | $9.0B |
| Operating income | $1.4B | $1.4B | $1.2B | $2.4B | $2.5B | $2.9B | $2.6B | $3.2B | $2.6B | $3.6B |
| Net income | $847.0M | $1.1B | $586.0M | $1.3B | $1.3B | $2.1B | $1.4B | $2.2B | $1.4B | $2.1B |
| EPS (diluted) | $4.54 | $5.89 | $0.53 | $0.88 | $0.93 | $1.50 | $1.01 | $1.55 | $1.05 | $1.53 |
| Free cash flow | $781.0M | $836.0M | $1.4B | $2.1B | $2.0B | $2.5B | $2.5B | $904.0M | $1.7B | $1.5B |
| Buybacks | $519.0M | $399.0M | — | — | $0 | $0 | $379.0M | $706.0M | $1.1B | $9.0M |
| Dividends paid | $386.0M | $414.0M | $232.0M | $844.0M | $846.0M | $955.0M | $1.1B | $1.1B | $1.2B | $1.3B |
| Diluted shares | 186.6M | 182.8M | 1.1B | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into KDP?
A reverse DCF asks what growth the current price requires. With an enterprise value of $79.2B and $2.0B of trailing free cash flow, Keurig Dr Pepper needs to grow free cash flow about 28.7% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -5.5% a year over the last five years.
P/E ratio history
Current 22.7x vs. median 22.1x (10th–90th percentile 15.9x–37.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
KDP dividend
- Dividend yield
- 2.65%
- Annual dividend
- $0.92
- Years of increases
- 5
- 5-yr dividend growth
- 8.9%
- per year
- Payout ratio
- 93%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
KDP analyst price targets
17 analysts' average 12-month target is $36.38 (+5% vs. $34.68). Targets range from $29.00 to $42.00. 72% rate it a buy.
KDP earnings
Next report: November 3, 2026. Keurig Dr Pepper has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $7.3B (+76% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 6, 2026 | $0.54 | $0.57 | +6.2% |
| Apr 23, 2026 | $0.37 | $0.39 | +4.3% |
| Feb 24, 2026 | $0.59 | $0.60 | +1.9% |
| Oct 27, 2025 | $0.54 | $0.54 | +0.4% |
| Jul 24, 2025 | $0.49 | $0.49 | +1.0% |
| Apr 24, 2025 | $0.38 | $0.42 | +9.8% |
| Feb 25, 2025 | $0.57 | $0.58 | +1.5% |
| Oct 24, 2024 | $0.51 | $0.51 | +0.8% |
Stocks like KDP
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 KO Coca-Cola | -2.76% | +36% | $398.9B | 27.8x | Compare |
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 MNST Monster Beverage | -2.35% | +32% | $90.5B | 42.8x | Compare |
 WMT Walmart | -1.02% | +13% | $954.1B | 43.4x | Compare |
 COST Costco Wholesale | -1.46% | +7% | $444.6B | 48.3x | Compare |
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 MO Altria | -2.31% | +23% | $124.1B | 15.6x | Compare |
KDP news
- Keurig Dr Pepper (KDP) Stock Looks Above Fair Value On Earnings · Oct 24, 2026
- Why Did AAPL, KO, KDP Stocks Hit 52-Week Highs Today? · Oct 23, 2026
- Keurig Dr Pepper (KDP) vs. KO and PEP: Can the JDE Peet’s Acquisition and Planned Split Unlock Value Despite Rising Debt? · Oct 22, 2026
- The Zacks Analyst Blog Highlights Sun Life Financial, Coca-Cola, Altria, Keurig Dr Pepper and MetLife · Oct 20, 2026
- 3 Unstoppable Nasdaq-100 Stocks to Buy Before October Ends · Oct 20, 2026
KDP stock FAQ
What is KDP's market cap?
Keurig Dr Pepper's market capitalization is $47.19 billion as of October 23, 2026, ranking 243rd in the S&P 500.
What is KDP's P/E ratio?
KDP trades at a trailing price-to-earnings ratio of 35.0x and a forward P/E of 13.7x. Its median P/E over the period we track is 22.1x.
Does KDP pay a dividend?
Yes. Keurig Dr Pepper pays $0.92 per share a year, a 2.65% yield. It has raised its dividend 5 years in a row. Dividends grew 8.9% a year over the last five years.
How much has KDP stock returned?
Including reinvested dividends, KDP returned +29.9% over one year, +2.7% a year over five years, +12.0% a year over ten years through October 23, 2026.
Is KDP stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Keurig Dr Pepper must grow free cash flow about 29% a year for the next decade. Its free cash flow fell 5% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the KDP price target?
17 analysts cover KDP with an average 12-month price target of $36.38, +5% from the current price. 72% of them rate it a buy.
When does KDP report earnings?
Keurig Dr Pepper is expected to report earnings on November 3, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Keurig Dr Pepper have?
Keurig Dr Pepper has about 50,000 full-time employees, or $401,800 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology