Keurig Dr Pepper Inc. (KDP) Key Metrics
KDP valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $47.11B
- Enterprise value
- $71.68B
- P/E (TTM)
- 35.0 10-yr median 33.6
- Forward P/E
- 12.5
- PEG ratio
- 0.98
- Price / sales
- 2.3 10-yr median 3.7
- Price / book
- 1.7 10-yr median 1.9
- EV / EBITDA
- 16.7 10-yr median 19.3
- Dividend yield
- 2.66% $0.92 a year
- Beta
- 0.41
KDP key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKDP valuation Price multiples at each fiscal year-end price.
KDP returns How much profit the business earns on the capital it uses.
KDP per-share figures Results divided by the shares outstanding at year-end.
KDP financial health Debt, liquidity and how easily interest is covered.
KDP efficiency & capital use Working capital cycle and where the cash goes.
KDP valuation history
KDP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KDP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KDP cash returned to shareholders
KDP price vs earnings per share
KDP key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $38.17B | $43.95B | $46.93B | $50.94B | $52.63B | $45.51B | $41.08B | $28.14B | $88.71B | $84.60B |
| Enterprise value | $53.29B | $60.71B | $61.48B | $63.99B | $65.33B | $59.75B | $56.23B | $44.05B | $93.13B | $87.29B |
| P/E ratio | 18.4 | 30.5 | 21.5 | 35.5 | 24.5 | 34.3 | 32.8 | 48.0 | 82.4 | 99.9 |
| Price / sales | 2.3 | 2.9 | 3.2 | 3.6 | 4.1 | 3.9 | 3.7 | 3.8 | 13.3 | 13.1 |
| Price / book | 1.5 | 1.8 | 1.8 | 2.0 | 2.1 | 1.9 | 1.8 | 1.2 | 36.2 | 39.6 |
| Price / free cash flow | 25.4 | 26.5 | 55.3 | 20.7 | 21.8 | 23.5 | 19.5 | 19.6 | 106.9 | 111.8 |
| Price / operating cash flow | 19.2 | 19.8 | 35.3 | 18.0 | 18.3 | 18.5 | 16.6 | 17.4 | 85.5 | 90.1 |
| EV / sales | 3.2 | 4.0 | 4.2 | 4.6 | 5.2 | 5.1 | 5.1 | 5.9 | 13.9 | 13.6 |
| EV / EBITDA | 12.7 | 18.0 | 15.5 | 20.5 | 16.3 | 19.9 | 18.7 | 26.3 | 59.5 | 52.8 |
| EV / free cash flow | 35.4 | 36.7 | 72.5 | 26.0 | 27.0 | 30.8 | 26.7 | 30.7 | 112.2 | 115.3 |
| Earnings yield | 5.4% | 3.3% | 4.6% | 2.8% | 4.1% | 2.9% | 3.1% | 2.1% | 1.2% | 1.0% |
| Free cash flow yield | 3.9% | 3.8% | 1.8% | 4.8% | 4.6% | 4.3% | 5.1% | 5.1% | 0.9% | 0.9% |
| Dividend yield | 3.3% | 2.7% | 2.4% | 2.1% | 1.8% | 1.9% | 2.1% | 0.8% | 0.5% | 0.5% |
| Shareholder yield (dividends + buybacks) | 3.3% | 5.2% | 3.9% | 2.9% | 1.8% | 1.9% | 24.0% | 0.8% | 0.9% | 1.1% |
| Share price at fiscal year-end | $28.01 | $32.12 | $33.32 | $35.66 | $36.86 | $32.00 | $28.95 | $25.64 | $97.06 | $90.67 |
| Per share | ||||||||||
| Revenue per share | $12.18 | $11.22 | $10.52 | $9.84 | $8.88 | $8.17 | $7.84 | $6.78 | $7.32 | $6.90 |
| Earnings per share | $1.53 | $1.05 | $1.55 | $1.01 | $1.50 | $0.93 | $0.88 | $0.53 | $1.18 | $0.91 |
| Operating cash flow per share | $1.46 | $1.62 | $0.94 | $1.99 | $2.01 | $1.73 | $1.74 | $1.47 | $1.14 | $1.01 |
| Free cash flow per share | $1.10 | $1.21 | $0.60 | $1.72 | $1.69 | $1.36 | $1.49 | $1.31 | $0.91 | $0.81 |
| Cash per share | $0.75 | $0.37 | $0.19 | $0.37 | $0.40 | $0.17 | $0.05 | $0.08 | $0.07 | $1.92 |
| Book value per share | $18.72 | $17.72 | $18.23 | $17.59 | $17.49 | $16.76 | $16.39 | $20.53 | $2.68 | $2.29 |
| Tangible book value per share | −$13.54 | −$14.21 | −$12.65 | −$12.69 | −$13.35 | −$14.29 | −$14.82 | −$19.54 | −$5.35 | −$3.77 |
| Dividends per share | $0.92 | $0.87 | $0.81 | $0.76 | $0.67 | $0.59 | $0.59 | $0.21 | $0.45 | $0.41 |
| Capex per share | $0.36 | $0.41 | $0.34 | $0.27 | $0.32 | $0.36 | $0.26 | $0.16 | $0.23 | $0.20 |
| Debt per share | $11.84 | $12.62 | $10.53 | $9.51 | $9.29 | $10.18 | $10.73 | $14.57 | $4.90 | $4.80 |
| Shares outstanding | 1.36B | 1.37B | 1.41B | 1.43B | 1.43B | 1.42B | 1.42B | 1.10B | 914.0M | 933.0M |
| Change in shares outstanding | −0.4% | −2.8% | −1.4% | +0.0% | +0.4% | +0.2% | +29.3% | +20.1% | −2.0% | −3.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 8.4% | 5.8% | 8.6% | 5.7% | 8.8% | 5.6% | 5.5% | 4.7% | 46.9% | 39.2% |
| Return on invested capital (ROIC) | 6.9% | 6.1% | 6.4% | 6.1% | 5.9% | 4.9% | 4.6% | 4.1% | 21.8% | 20.0% |
| Return on assets (ROA) | 3.8% | 2.7% | 4.2% | 2.8% | 4.3% | 2.7% | 2.5% | 2.0% | 10.9% | 9.1% |
| Return on tangible assets | 18.1% | 14.8% | 25.2% | 16.7% | 32.7% | 23.5% | 24.0% | 11.9% | 40.1% | 20.4% |
| Free cash flow margin | 9.1% | 10.8% | 5.7% | 17.5% | 19.1% | 16.7% | 19.0% | 19.3% | 12.4% | 11.8% |
| Income quality (OCF / net income) | 0.96 | 1.54 | 0.61 | 1.98 | 1.34 | 1.85 | 1.97 | 2.75 | 0.96 | 1.11 |
| Financial health | ||||||||||
| Total debt | $16.14B | $17.27B | $14.82B | $13.58B | $13.27B | $14.48B | $15.23B | $15.99B | $4.48B | $4.48B |
| Cash & short-term investments | $1.03B | $510.0M | $267.0M | $535.0M | $567.0M | $240.0M | $75.0M | $83.0M | $61.0M | $1.79B |
| Net debt | $15.12B | $16.76B | $14.56B | $13.05B | $12.70B | $14.24B | $15.15B | $15.91B | $4.42B | $2.69B |
| Debt / equity | 0.63 | 0.71 | 0.58 | 0.54 | 0.53 | 0.61 | 0.65 | 0.71 | 1.83 | 2.10 |
| Debt / assets | 0.29 | 0.32 | 0.28 | 0.26 | 0.26 | 0.29 | 0.31 | 0.33 | 0.45 | 0.46 |
| Net debt / EBITDA | 3.60 | 4.96 | 3.66 | 4.18 | 3.17 | 4.73 | 5.04 | 9.49 | 2.82 | 1.63 |
| Current ratio | 0.64 | 0.49 | 0.38 | 0.47 | 0.47 | 0.31 | 0.35 | 0.38 | 0.90 | 2.60 |
| Quick ratio | 0.43 | 0.33 | 0.25 | 0.31 | 0.33 | 0.21 | 0.25 | 0.27 | 0.72 | 2.41 |
| Interest coverage | 4.8 | 4.8 | 5.4 | 5.9 | 5.5 | 4.2 | 3.7 | 2.8 | 8.3 | 10.2 |
| Working capital | −$3.02B | −$4.09B | −$5.54B | −$4.27B | −$3.43B | −$5.31B | −$4.20B | −$3.54B | −$121.0M | $1.69B |
| Invested capital | $40.63B | $41.01B | $40.23B | $38.17B | $37.67B | $38.07B | $38.41B | $38.44B | $6.87B | $4.83B |
| Tangible asset value | −$18.46B | −$19.44B | −$17.81B | −$18.13B | −$19.07B | −$20.32B | −$21.03B | −$21.45B | −$4.89B | −$3.52B |
| Net current asset value | −$24.68B | −$25.19B | −$23.08B | −$22.91B | −$22.57B | −$23.56B | −$23.99B | −$24.23B | −$6.45B | −$4.92B |
| Graham number | $25.35 | $20.49 | $25.20 | $19.95 | $24.32 | $18.74 | $18.05 | $15.70 | $8.43 | $6.84 |
| Graham net-net per share | −$19.66 | −$19.54 | −$17.38 | −$16.99 | −$16.57 | −$17.21 | −$17.60 | −$22.84 | −$7.51 | −$5.66 |
| Capital allocation | ||||||||||
| Dividends paid | $1.25B | $1.19B | $1.14B | $1.08B | $955.0M | $846.0M | $844.0M | $232.0M | $414.0M | $386.0M |
| Share buybacks (net) | $9.0M | $1.11B | $706.0M | $379.0M | $0 | $0 | $9.00B | $0 | $399.0M | $519.0M |
| Dividend payout ratio | 60.1% | 82.9% | 52.4% | 75.2% | 44.5% | 63.8% | 67.3% | 39.6% | 38.5% | 45.6% |
| Dividends + buybacks / free cash flow | 83.7% | 139.1% | 217.9% | 59.4% | 39.5% | 43.6% | 466.8% | 16.2% | 98.0% | 119.6% |
| Capex / revenue | 2.9% | 3.7% | 3.2% | 2.7% | 3.6% | 4.4% | 3.3% | 2.4% | 3.1% | 2.8% |
| Capex / operating cash flow | 24.4% | 25.4% | 36.2% | 13.4% | 15.8% | 21.1% | 14.8% | 11.2% | 20.0% | 19.4% |
| Capex / depreciation | 0.65 | 0.77 | 0.67 | 0.53 | 0.64 | 0.79 | 0.52 | 0.41 | 0.91 | 0.81 |
| Stock-based compensation / revenue | 0.6% | 0.6% | 0.8% | 0.4% | 0.7% | 0.7% | 0.6% | 0.5% | 0.5% | 0.7% |
| R&D / revenue | — | 0.5% | 0.4% | 0.5% | 0.5% | 0.6% | 0.7% | 0.9% | 0.3% | 0.3% |
| SG&A / revenue | 32.2% | 30.3% | 31.2% | 30.5% | 29.7% | 32.2% | 35.6% | 33.8% | 38.2% | 36.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 37.3 | 38.5 | 39.3 | 38.2 | 34.8 | 36.6 | 39.5 | 47.4 | 37.0 | 36.1 |
| Days of inventory on hand | 72.8 | 65.3 | 66.6 | 59.8 | 53.0 | 50.4 | 48.9 | 43.8 | 29.2 | 29.1 |
| Days payables outstanding | 143.5 | 176.1 | 238.6 | 258.1 | 257.7 | 245.9 | 209.2 | 136.6 | 45.2 | 41.0 |
| Cash conversion cycle (days) | -33.5 | -72.2 | -132.7 | -160.0 | -169.9 | -159.0 | -120.8 | -45.4 | 20.9 | 24.2 |
| Receivables turnover | 9.78 | 9.47 | 9.30 | 9.56 | 10.49 | 9.98 | 9.24 | 7.70 | 9.87 | 10.11 |
| Payables turnover | 2.54 | 2.07 | 1.53 | 1.41 | 1.42 | 1.48 | 1.75 | 2.67 | 8.07 | 8.90 |
| Inventory turnover | 5.02 | 5.59 | 5.48 | 6.10 | 6.89 | 7.25 | 7.47 | 8.33 | 12.51 | 12.56 |
| Asset turnover | 0.30 | 0.29 | 0.28 | 0.27 | 0.25 | 0.23 | 0.23 | 0.25 | 0.68 | 0.69 |
| Average receivables | $1.70B | $1.62B | $1.59B | $1.47B | $1.21B | $1.16B | $1.20B | $966.5M | $678.0M | $637.0M |
| Average payables | $2.99B | $3.29B | $4.40B | $4.76B | $4.03B | $3.46B | $2.74B | $1.33B | $334.0M | $290.0M |
| Average inventory | $1.52B | $1.22B | $1.23B | $1.10B | $828.0M | $708.0M | $640.0M | $427.5M | $215.5M | $205.5M |
| Intangibles / total assets | 79.3% | 81.8% | 83.4% | 83.4% | 87.0% | 88.7% | 89.4% | 89.9% | 73.3% | 57.7% |
Computed from KDP's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KDP valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Keurig Dr Pepper traded at 18.4 times earnings, against a 10-year median of 33.6. Based on the latest twelve months, the trailing P/E is 35.0 and the forward P/E is 12.5. Keurig Dr Pepper earned a return on equity of 8.4% and a return on invested capital of 6.9% in fiscal 2025. It ended the year with $16.1 billion of debt and $1.0 billion in cash and short-term investments, net debt of $15.1 billion. It returned $1.3 billion to shareholders: $1.2 billion in dividends and $9.0 million in share buybacks, 84% of free cash flow. The share count rose 46.1% from 933.0M to 1.36B over 9 years.
See the KDP income statement, the KDP chart for price history, or the KDP stock overview for the latest quote and news.
KDP key metrics FAQ
What is Keurig Dr Pepper's P/E ratio?
Keurig Dr Pepper's trailing P/E ratio is 35.0 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 12.5. At the end of fiscal 2025 it was 18.4, compared with a 10-year median of 33.6.
What is Keurig Dr Pepper's EV/EBITDA?
Keurig Dr Pepper's enterprise value was 12.7 times EBITDA at the end of fiscal 2025 (enterprise value $53.3 billion, EBITDA $4.2 billion); the current EV/EBITDA is 16.7.
What is Keurig Dr Pepper's return on equity?
Keurig Dr Pepper's return on equity (ROE) was 8.4% in fiscal 2025: net income of $2.1 billion on average shareholders' equity of $24.9 billion.
What is Keurig Dr Pepper's ROIC?
Keurig Dr Pepper's return on invested capital was 6.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Keurig Dr Pepper have?
Keurig Dr Pepper had total debt of $16.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.63 and $15.1 billion of net debt (3.60 times EBITDA).
What is Keurig Dr Pepper's dividend yield?
Keurig Dr Pepper's forward dividend yield is 2.66%. Keurig Dr Pepper paid $1.2 billion in dividends in fiscal 2025 ($0.92 per share), a payout ratio of 60.1%.
Does Keurig Dr Pepper buy back its shares?
Yes. Keurig Dr Pepper spent $9.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.4% over the year, to 1.36B..
What is Keurig Dr Pepper's free cash flow yield?
Keurig Dr Pepper generated $1.5 billion of free cash flow in fiscal 2025, a free cash flow yield of 3.9% on its market value at year-end ($38.2 billion).
What is Keurig Dr Pepper's current ratio?
Keurig Dr Pepper's current ratio was 0.64 at the end of fiscal 2025: current assets were 0.64 times current liabilities.