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PEP

PepsiCo, Inc.

PEP

PepsiCo, Inc. • NASDAQ
$148.74 ▲ 0.51% (+0.76)
Market Cap $203.38 B
52w High $163.65
52w Low $127.60
Dividend Yield 5.55%
P/E 28.22
Volume 2.51M
Outstanding Shares 1.37B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $23.937B ▲ $9.255B ▲ $2.603B ▲ 10.874% ▲ $1.9 ▲ $4.593B ▲
Q2-2025 $22.724B ▲ $8.659B ▲ $1.263B ▼ 5.558% ▼ $0.92 ▼ $2.815B ▼
Q1-2025 $17.919B ▼ $7.225B ▼ $1.834B ▲ 10.235% ▲ $1.34 ▲ $3.471B ▲
Q4-2024 $27.784B ▲ $11.652B ▲ $1.523B ▼ 5.482% ▼ $1.11 ▼ $3.365B ▼
Q3-2024 $23.318B $8.795B $2.93B 12.565% $2.13 $4.812B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $8.661B ▲ $106.558B ▲ $87.015B ▲ $19.388B ▲
Q2-2025 $7.973B ▼ $105.345B ▲ $86.786B ▲ $18.418B ▲
Q1-2025 $8.582B ▼ $101.737B ▲ $83.208B ▲ $18.389B ▲
Q4-2024 $9.266B ▲ $99.467B ▼ $81.296B ▲ $18.041B ▼
Q3-2024 $8.051B $100.513B $80.908B $19.453B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.618B ▲ $4.472B ▲ $-1.11B ▲ $-2.876B ▼ $495M ▲ $5.979B ▲
Q2-2025 $1.279B ▼ $1.969B ▲ $-2.895B ▼ $100M ▼ $-607M ▼ $1.065B ▲
Q1-2025 $1.843B ▲ $-973M ▼ $-1.232B ▲ $1.768B ▲ $-234M ▼ $-1.576B ▼
Q4-2024 $1.534B ▼ $6.287B ▲ $-2.507B ▼ $-2.274B ▲ $1.21B ▲ $3.819B ▲
Q3-2024 $2.945B $4.905B $-1.511B $-2.382B $925M $3.756B

Five-Year Company Overview

Income Statement

Income Statement PepsiCo’s income statement shows a business that has grown steadily over the past several years. Sales have risen consistently, and gross profit has climbed alongside them, which suggests the company has been able to pass through price increases and maintain solid brand-driven pricing power. Operating profit and earnings have also moved up over time, indicating good cost control despite inflation in ingredients, packaging, and logistics. Profitability looks stable to slightly improving, rather than volatile, which is what you’d expect from a mature global consumer brand portfolio. Overall, the income statement reflects a large, diversified company that continues to grow at a measured, dependable pace while protecting its margins.

Balance Sheet

Balance Sheet PepsiCo’s balance sheet reflects the profile of a large, established consumer company that leans on debt but appears to manage it in a disciplined way. Total assets have grown over time, and shareholders’ equity has gradually increased, which points to value being built rather than eroded. Debt levels are high in absolute terms but have been relatively stable, suggesting a deliberate long-term capital structure rather than sudden borrowing spikes. Cash balances move around year to year, but there is no obvious sign of liquidity stress. The key takeaway: PepsiCo uses leverage as part of its financial model, but the trend in equity and asset growth indicates that the balance sheet remains supportive of its operations and investment plans.

Cash Flow

Cash Flow Cash flow is a relative strength. PepsiCo consistently generates robust cash from its core operations, more than enough to fund its ongoing investments in the business. Capital spending has risen over the years, which likely reflects investment in manufacturing, logistics, technology, and sustainability initiatives. Even with this higher spending, the company has kept a comfortable cushion of free cash flow after investment, which can support dividends, buybacks, and debt service. In simple terms, the business throws off reliable cash, and that cash has been growing over time, giving PepsiCo flexibility to invest for the future while still rewarding capital providers.

Competitive Edge

Competitive Edge PepsiCo’s competitive position is anchored by three main strengths: powerful brands, global scale, and a uniquely balanced mix of snacks and beverages. Its brand portfolio stretches across sodas, sports drinks, energy, water, chips, and other snacks, plus pantry staples. Many of these names are household staples with strong loyalty and high visibility, which helps PepsiCo maintain shelf space and pricing power. The company’s worldwide distribution network and relationships with retailers create high barriers to entry for smaller players. Its dual focus on beverages and snacks differentiates it from its primary rival in soft drinks and provides a buffer when one category slows. Together, these features form a wide competitive moat that is difficult and expensive for challengers to replicate.

Innovation and R&D

Innovation and R&D PepsiCo is leaning heavily into digital tools and product innovation to stay ahead. On the operations side, it is using data analytics, artificial intelligence, and even blockchain to sharpen supply chain planning, reduce waste, and better understand consumer behavior. This kind of digital infrastructure can make the company more efficient and more responsive to shifting demand. On the product side, PepsiCo is pushing deeper into “better-for-you” and functional offerings: lower or no-sugar drinks, improved formulations for sports beverages, and healthier snack options. It is also experimenting with new formats, such as connected dispensing systems and direct-to-consumer channels. Sustainability is another focus area, with efforts around packaging, emissions, and renewable energy increasingly embedded in the innovation agenda. Strategic partnerships and acquisitions are being used to add high-growth, health- and wellness-oriented brands to the portfolio.

Summary

Overall, PepsiCo looks like a mature, resilient global consumer franchise that continues to grow steadily while investing for long-term relevance. Financially, it shows consistent revenue and earnings growth, a solid margin profile, and strong, recurring cash flows. The balance sheet carries meaningful debt but appears well supported by the stability of the business and the steady buildup of equity. Strategically, PepsiCo benefits from a wide moat built on brands, distribution, and its combination of snacks and beverages. At the same time, it is actively adapting to changing consumer tastes through healthier products, sustainability initiatives, and digital transformation. Key strengths are stability, scale, and brand power. Key risks include exposure to commodity costs, evolving health regulations and consumer preferences, and the need to continually execute on innovation. The picture is of a large, entrenched player that is not standing still, but working to refresh its portfolio and operations to sustain its advantages over the long term.

NEWS

November 19, 2025 · 4:49 PM UTC

PepsiCo Declares Quarterly Dividend

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November 19, 2025 · 9:00 AM UTC

Casey's and PEPSI® Team Up to Celebrate the Ultimate Duo: Pizza and Pepsi

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November 6, 2025 · 7:11 AM UTC

7-Eleven, Inc.'s Laredo Taco Company® Brings the Heat with New Cheetos Flamin' Hot Menu Mashup

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November 3, 2025 · 8:30 AM UTC

PepsiCo, Griffith Foods, and Milhão Launch Direct Farmer Incentive Pilot Program in Brazil's Cerrado Region to Advance Regenerative Agriculture

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October 30, 2025 · 3:00 AM UTC

Orosur Mining Inc Announces Operational Update Exploration Footprint Expanding

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