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PEP · Nasdaq · United States · Beverages
In shortPEPSICO INC is profitable, generates cash and carries heavy debt, with revenue growing (+2.3% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 12.2% | 57/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 8.8% | 55/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 42.9% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 13.4% | 89/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.85× | 4/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 2.41× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.65× | 39/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 10.26× | 83/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.88 | 46/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 8.2% | 53/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.93× | 79/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 5.0% | 93/100 |
| Operating margin volatility | 0.7% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 2.8% | 32/100 |
|---|---|---|
| EPS growth, 3-year average | -2.2% | 14/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 79,474 | 86,392 | 91,471 | 91,854 | 93,925 |
| Cost of revenue | 37,075 | 40,576 | 41,881 | 41,744 | 43,066 |
| Gross profit | 42,399 | 45,816 | 49,590 | 50,110 | 50,859 |
| Research & development | 752 | 771 | 804 | 813 | 839 |
| Selling, general & admin | 31,237 | 34,459 | 36,677 | 37,190 | 37,368 |
| Operating income | 11,162 | 11,512 | 11,986 | 12,887 | 11,498 |
| Interest expense | 1,863 | 939 | 819 | 919 | 1,121 |
| Pre-tax income | 9,821 | 10,705 | 11,417 | 11,946 | 10,244 |
| Income tax | 2,142 | 1,727 | 2,262 | 2,320 | 1,949 |
| Net income | 7,618 | 8,910 | 9,074 | 9,578 | 8,240 |
| Diluted EPS | $5.49 | $6.42 | $6.56 | $6.95 | $6.00 |
| Diluted shares (millions) | 1,389 | 1,387 | 1,383 | 1,378 | 1,373 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
2.88 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Sep 5, 2026 · Data updated Oct 8, 2026