KDPKeurig Dr Pepper Inc.
Beverages
- Revenue
- $16.6B
- 8.2% YoY
- Operating margin
- 21.5%
- 28% YoY
- EBITDA
- $4.0B
- 34% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.4×
- $1.8B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear96% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear63% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear34% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $12.7B | $14.1B | $14.8B | $15.4B | $16.6B | 8.2% |
| Operating income | $2.9B | $2.6B | $3.2B | $2.6B | $3.6B | 38% |
| Net income | $2.1B | $1.4B | $2.2B | $1.4B | $2.1B | 44% |
| Operating cash flow | $2.9B | $2.8B | $1.3B | $2.2B | $2.0B | 10% |
| Capex | $423M | $353M | $425M | $563M | $486M | 14% |
| Stock-based comp | $88M | $52M | $116M | $98M | $97M | 1.0% |
| Buybacks | $0 | $379M | $706M | $1.1B | $9M | 99% |
| Dividends | $955M | $1.1B | $1.1B | $1.2B | $1.3B | 4.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $1M · 3
- Net
- −$1M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 99 | 105 |
| FY2024 | — | — | 110 | 102 |
| FY2023 | — | — | 111 | 111 |
| FY2022 | — | — | 116 | 115 |
| FY2021 | — | — | 117 | 116 |