Keurig Dr Pepper profit margin KDP
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 7.1%
- Operating margin, 12 months
- 16.2%
- Net margin on a year earlier
- −2.6 pts
- Peer median
- 11.1%
Over the twelve months to Jun 30, 2026, Keurig Dr Pepper kept 7.1% of its revenue as net profit, with an operating margin of 16.2% and a gross margin of 49.4%.
Five years earlier its net margin was 13.5%.
The median for 7 non-alcoholic beverage stocks of a similar size is 11.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 12.5% | 21.5% | 54.2% |
| FY2024 | 9.4% | 16.9% | 55.6% |
| FY2023 | 14.7% | 21.5% | 54.5% |
| FY2022 | 10.2% | 18.5% | 52.1% |
| FY2021 | 16.9% | 22.8% | 55.0% |
| FY2020 | 11.4% | 21.3% | 55.8% |
| FY2019 | 11.3% | 21.4% | 57.0% |
| FY2018 | 7.9% | 16.6% | 52.2% |
| FY2017 | 20.1% | 20.4% | 47.6% |
| FY2016 | 13.6% | 22.4% | 56.8% |
| FY2015 | 12.2% | 20.7% | 59.3% |
| FY2014 | 11.5% | 19.3% | 59.3% |
| FY2013 | 10.4% | 17.4% | 58.3% |
| FY2012 | 10.5% | 18.2% | 58.3% |
| FY2011 | 10.3% | 17.3% | 57.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 7.1% | −2.6 pts | 16.2% | |
| Q1 FY26 | 10.8% | +1.1 pts | 20.8% | |
| Q4 FY25 | 12.5% | +3.1 pts | 21.5% | |
| Q3 FY25 | 9.8% | −5.3 pts | 17.0% | |
| Q2 FY25 | 9.7% | −4.7 pts | 16.9% | |
| Q1 FY25 | 9.7% | −4.8 pts | 16.9% | |
| Q4 FY24 | 9.4% | −5.3 pts | 16.9% | |
| Q3 FY24 | 15.0% | +1.9 pts | 22.9% | |
| Q2 FY24 | 14.5% | +3.5 pts | 23.0% | |
| Q1 FY24 | 14.5% | +5.3 pts | 22.6% | |
| Q4 FY23 | 14.7% | +4.5 pts | 21.5% | |
| Q3 FY23 | 13.2% | −0.2 pts | 19.8% |
Against its peers
Companies in Beverages - Non-Alcoholic nearest Keurig Dr Pepper's size, closest first, today.
| Company | Profit margin |
|---|---|
| KDPKeurig Dr Pepper | 7.1% |
| MNSTMonster Beverage | 23.1% |
| COKECoca-Cola Consolidated | 7.2% |
| BF-BBrown Forman | 18.4% |
| PEPPepsiCo | 11.1% |
| CELHCelsius | 4.2% |
| PRMBPrimo Brands | 1.5% |
| KOCoca-Cola | 28.6% |
| Peer median | 11.1% |
Where Keurig Dr Pepper ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Keurig Dr Pepper
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.