Stocks · Consumer Defensive · Beverages - Non-Alcoholic
Keurig Dr Pepper Inc. KDP
$30.37 -1.04% Close, Oct 2, 2026 · NASDAQ · Market cap $41.32B
Strong growthStrong trendExpensive vs sector
Next earnings report: Nov 3, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 7 quarters (average surprise over the last four: +3.3%).
- Net debt is 9.1× EBITDA, a high level of leverage.
- Revenue over the last four quarters was $20.09B, up 27.5% from a year earlier, accelerating from 9.2% a quarter earlier.
PromtFinance scores
Each score is a percentile within the Consumer Defensive sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 6%
- EPS growth (TTM, YoY)Bottom 40%
- FCF growth (TTM, YoY)Top 39%
- Revenue growth, 3-year CAGRTop 35%
- Revenue growth accelerationTop 2%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 28%
- Gross marginTop 24%
- Operating marginTop 16%
- Cash conversion (OCF / net income)Top 49%
- Accruals (lower is better)Bottom 13%
- Net debt / EBITDA (lower is better)Bottom 8%
- Interest coverBottom 35%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 47%
- Free-cash-flow yieldBottom 41%
- EBITDA / enterprise valueBottom 27%
- Sales / enterprise valueBottom 10%
- P/E vs own 5-year history (lower is better)Bottom 17%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 19%
- 6-month returnTop 13%
- 1-year return vs S&P 500Top 21%
- Distance from 52-week highTop 10%
- Trend checklist (0–4)Top 24%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 34%
- Consecutive EPS beatsTop 14%
- Share of analysts rating BuyTop 30%
- Upside to consensus price targetTop 49%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 29%
- Maximum drawdown, 3 yearsTop 24%
- Beta vs S&P 500 (lower is better)Top 25%
- Net debt / EBITDA (lower is better)Bottom 8%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 9.2% | 27.5% | ↑ |
| EPS growth (YoY) | 22.7% | -11.3% | ↓ |
| Gross margin | 54.9% | 49.4% | ↓ |
| Operating margin | 21.5% | 16.8% | ↓ |
| FCF margin | 10.1% | 9.8% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 27.5% | 9.2% | ↑ | Top 6% |
| EPS growth (TTM, YoY) | -11.3% | 22.7% | ↓ | Bottom 40% |
| Gross margin | 49.4% | 54.9% | ↓ | Top 24% |
| Operating margin | 16.8% | 21.5% | ↓ | Top 16% |
| Net margin | 7.1% | 9.7% | ↓ | — |
| Free-cash-flow margin | 9.8% | 10.1% | ↓ | — |
| Return on invested capital | 3.4% | — | Bottom 28% | |
| Revenue growth, 3-year CAGR | 5.7% | — | Top 35% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.77×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -1.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.6%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +12.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 9.05×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.02%
- Net buyback yield (TTM)
- 0.02%
- Shareholder yield
- 3.04%
- Share count change, 1 year
- +0.1%
- Share count change, 3-year CAGR
- -1.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 10, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 7
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +3.3%
- Average 2-day reaction, last 8
- +1.7%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $37.75
- Target vs current price
- +24.3%
- Analysts with a rating
- 29
- Share rating Buy or Strong Buy
- 62%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +6.1% | -1.2% | -3.9% | +6.0% | — |
| Apr 23, 2026 | +4.7% | +7.5% | +9.0% | +8.1% | +14.7% |
| Feb 24, 2026 | +1.9% | +4.2% | +0.7% | -10.8% | -3.1% |
| Oct 27, 2025 | +0.6% | +7.6% | +0.0% | +2.1% | +1.4% |
| Jul 24, 2025 | +1.0% | +0.2% | +1.0% | +5.0% | -17.3% |
| Apr 24, 2025 | +9.8% | -2.1% | -1.7% | -4.5% | -5.3% |
| Feb 25, 2025 | +1.6% | +2.4% | +0.0% | -0.8% | -0.7% |
| Oct 24, 2024 | +0.0% | -4.8% | -10.1% | -12.7% | -14.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $0.57 | $0.54 | +6.1% | $7.31B |
| Apr 23, 2026 | $0.39 | $0.37 | +4.7% | $3.98B |
| Feb 24, 2026 | $0.60 | $0.59 | +1.9% | $4.50B |
| Oct 27, 2025 | $0.54 | $0.54 | +0.6% | $4.31B |
| Jul 24, 2025 | $0.49 | $0.49 | +1.0% | $4.16B |
| Apr 24, 2025 | $0.42 | $0.38 | +9.8% | $3.63B |
| Feb 25, 2025 | $0.58 | $0.57 | +1.6% | $4.07B |
| Oct 24, 2024 | $0.51 | $0.51 | +0.0% | $3.89B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 30.6× | 25.3× | 81th | Bottom 47% |
| P/E (forward) | 13.2× | — | — | — |
| EV / EBITDA | 20.4× | — | — | Bottom 27% |
| EV / Sales | 3.69× | — | — | Bottom 10% |
| Free-cash-flow yield | 4.77% | — | — | Bottom 41% |
| Earnings yield | 3.27% | — | — | Bottom 47% |
P/E over the past five years
Range 19.6× – 36.1× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +18.6%
- Earnings per share growth (TTM)
- -11.3%
- Change in P/E multiple
- -1.6%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 110
- 50-day average slope (20 days)
- -0.1%
- 200-day average slope (20 days)
- +1.1%
- Distance from 50-day average
- -2.8%
- Distance from 200-day average
- +3.2%
- RSI (14)
- 42.5
- Relative volume
- 0.92×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 28.5%
- Volatility vs own 5-year history
- 89th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.20
- Correlation with S&P 500
- 0.11
- Current drawdown from 1-year high
- -9.3%
- Maximum drawdown, 3 years
- -33.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Aug 16, 2022 | Oct 6, 2025 | -36.9% | 787 days | Not yet recovered |
| Jan 14, 2022 | May 19, 2022 | -12.6% | 86 days | 56 days (Aug 10, 2022) |
| Jun 2, 2021 | Oct 4, 2021 | -11.7% | 86 days | 64 days (Jan 4, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $41.32B
- P/E (TTM)
- 30.6
- EPS, diluted (TTM)
- $0.99
- Revenue (TTM)
- $20.09B
- Dividend yield
- 3.03%
- 52-week range
- $24.88 – $33.82
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $12.68B | $14.06B | $14.81B | $15.35B | $16.60B |
| Gross profit | $6.98B | $7.32B | $8.08B | $8.53B | $9.00B |
| Operating income | $2.89B | $2.78B | $3.19B | $3.31B | $3.65B |
| Net income | $2.15B | $1.44B | $2.18B | $1.44B | $2.08B |
| EPS (diluted) | $1.50 | $1.01 | $1.55 | $1.05 | $1.53 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.89B | $4.07B | $3.63B | $4.16B | $4.31B | $4.50B | $3.98B | $7.31B |
| Net income | $616.0M | -$144.0M | $517.0M | $547.0M | $662.0M | $353.0M | $270.0M | $142.0M |
| EPS (diluted) | $0.45 | -$0.11 | $0.38 | $0.40 | $0.49 | $0.26 | $0.20 | $0.04 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.87B | $2.84B | $1.33B | $2.22B | $1.99B |
| Capital expenditure | -$455.0M | -$379.0M | -$481.0M | -$563.0M | -$486.0M |
| Free cash flow | $2.42B | $2.46B | $848.0M | $1.66B | $1.50B |
| Dividends paid | -$955.0M | -$1.08B | -$1.14B | -$1.19B | -$1.25B |
| Net share buybacks | $140.0M | -$379.0M | -$706.0M | -$1.11B | -$9.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.52B
- Total assets
- $87.62B
- Total liabilities
- $58.39B
- Total debt
- $34.40B
- Net debt
- $32.88B
- Shareholders’ equity
- $25.03B
As of Jun 30, 2026 (filed Aug 10, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 28, 2026 | $0.23 | Oct 9, 2026 |
| Jun 26, 2026 | $0.23 | Jul 10, 2026 |
| Mar 27, 2026 | $0.23 | Apr 10, 2026 |
| Jan 2, 2026 | $0.23 | Jan 16, 2026 |
| Sep 26, 2025 | $0.23 | Oct 10, 2025 |
| Jun 27, 2025 | $0.23 | Jul 11, 2025 |
| Mar 28, 2025 | $0.23 | Apr 11, 2025 |
| Jan 3, 2025 | $0.23 | Jan 17, 2025 |
Short interest
- Shares sold short
- 78,969,937
- Days to cover
- 8.88
- Change vs previous report
- +4.3%
FINRA short interest, settlement date Sep 15, 2026.