NASDAQ · Beverages · Fiscal year endsFY ends December

Keurig Dr Pepper Inc

KDP

$35.01-1.81 (-4.92%)Today

52-week low $24.88high $36.95

5.3% below its 52-week high

Next earningsNov 3, 2026 · before the open

Revenue by fiscal year, $ billions

2.6x over the years shown (2016–2025)

Fiscal years · gold is the latest

6.4

2016

6.7

2017+4%

7.4

2018+11%

11.1

2019+49%

11.6

2020+4%

12.7

2021+9%

14.1

2022+11%

14.8

2023+5%

15.4

2024+4%

16.6

2025+8%

Ten years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Income
Revenue	6.44	6.69	7.44	11.12	11.62	12.68	14.06	14.81	15.35	16.60
Revenue growth	+3%	+4%	+11%	+49%	+4%	+9%	+11%	+5%	+4%	+8%
Gross margin	59.9%	59.7%	52.2%	57.0%	55.8%	55.0%	52.1%	54.5%	55.6%	54.2%
Operating income	1.43	1.39	1.24	2.38	2.48	2.89	2.61	3.19	2.59	3.58
Operating margin	22.3%	20.7%	16.6%	21.4%	21.3%	22.8%	18.5%	21.5%	16.9%	21.5%
Net income	0.85	1.08	0.59	1.25	1.33	2.15	1.44	2.18	1.44	2.08
Net margin	13.2%	16.1%	7.9%	11.3%	11.4%	16.9%	10.2%	14.7%	9.4%	12.5%
Cash flow
Operating cash flow	0.96^†	1.04	1.61	2.47	2.46	2.87	2.84	1.33	2.22	1.99
Capital expenditure	0.18	0.20	0.18	0.33	0.46	0.42	0.35	0.43	0.56	0.49
Free cash flow (calculated)	0.78^†	0.84	1.43	2.14	2.00	2.45	2.48	0.90	1.66	1.51
Share repurchases	0.52	0.40	0.00	—	0.00	0.00	0.38	0.71	1.11	0.01
Balance sheet
Cash and equivalents	1.79	0.09^†	0.08	0.08	0.24	0.57	0.54	0.27	0.51	1.03
Total assets	9.79	15.74^†	48.92	49.52	49.78	50.60	51.84	52.13	53.43	55.46
Total equity	2.13	7.40^†	22.53	23.26	23.83	24.97	25.13	25.68	24.24	25.52

Source: Keurig Dr Pepper Inc's 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in December.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.