TICKDELTA
Sign in
Screener / SEC EDGAR /CIK 0000077476 /10-K filed Feb 3, 2026, compared with Feb 4, 2025 /Numbers from the XBRL of the 10-Ks
Consumer staples peers:
SYYADMTGTBGPEPPG
Nasdaq Consumer staples · Beverages

PepsiCo PEP

PEP quote by TradingView

We were incorporated in Delaware in 1919 and reincorporated in North Carolina in 1986. 10-K, Item 1

Employees
306,000
Headquarters
Purchase, NY
CEO
Ramon Laguarta
Next results
around Feb 2, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $93.9B through the costs to a net profit of $8.2B · income statement of the 10-K

12% operating margin
Revenue to Gross profit: $50.9BRevenue to Cost of revenue: $43.1BGross profit to Operating profit: $11.5BGross profit to Operating expenses: $39.4BOperating profit to Net profit: $8.2BOperating profit to Tax & other: $3.3BOperating expenses to R&D: $839.0MOperating expenses to SG&A: $38.5B Revenue: $93.9B REVENUE $93.9B +2% Y/Y Gross profit: $50.9B · 54% margin GROSS PROFIT $50.9B 54% margin · +1% Y/Y Cost of revenue: $43.1B · 46% of revenue COST OF REVENUE $43.1B 46% of revenue Operating profit: $11.5B · 12% margin OPERATING PROFIT $11.5B 12% margin · −11% Y/Y Operating expenses: $39.4B · 42% of revenue OPERATING EXPENSES $39.4B 42% of revenue Net profit: $8.2B · 9% margin NET PROFIT $8.2B 9% margin · −14% Y/Y Tax & other: $3.3B · 3% of revenue TAX & OTHER $3.3B 3% of revenue R&D: $839.0M · 1% of revenue R&D $839.0M 1% of revenue SG&A: $38.5B · 41% of revenue SG&A $38.5B 41% of revenue
Gross profit $50.9B 54% margin · +1% Y/Y
Operating profit $11.5B 12% margin · −11% Y/Y
Net profit $8.2B 9% margin · −14% Y/Y
The full income statement, year by year

PEP among Consumer staples peers

Six ratios from the latest 10-K. Each corner is the share of 32 peers the company is above, not a score.

Compare
Revenue growth: 2.3%, above 53% of 32 peers (their median 2.0%) REVENUE GROWTH 2.3% · above 53% Gross margin: 54.2%, above 73% of 30 peers (their median 38.9%) GROSS MARGIN 54.2% · above 73% Operating margin: 15.3%, above 61% of 28 peers (their median 13.6%) OPERATING MARGIN 15.3% · above 61% Net margin: 11.1%, above 62% of 32 peers (their median 7.6%) NET MARGIN 11.1% · above 62% FCF margin: 10.7%, above 50% of 32 peers (their median 10.4%) FCF MARGIN 10.7% · above 50% Return on capital: 13.3%, above 62% of 24 peers (their median 12.1%) RETURN ON CAPITAL 13.3% · above 62%
PEP Peer median Below the median

What changed

3 new risk paragraphs. 10-K filed Feb 3, 2026 against Feb 4, 2025.

Risk factors
3 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
11 other checks clear
10-K · XBRL
Insiders
4 open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables +11.4% vs revenue +2.3% (+9.1 pts)
  • Cash from operations $12.1B vs net income $8.2B (FY ending Dec 27, 2025)
  • Inventory +10.2% vs revenue +2.3% (+7.9 pts)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: KPMG LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No longer listed: Table of Contents. Same as last year: Unrecognized tax benefits
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

3 paragraphs in Risk Factors that were not in the 10-K filed Feb 4, 2025. Quoted as filed.

All 3 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 4, 2025 10-K, ITEM 1A
    our control that could negatively impact product availability and decrease demand for our products if our crisis management plans do not effectively mitigate these issues.
  2. Item 1A · new paragraph · not in the 10-K filed Feb 4, 2025 10-K, ITEM 1A
    instability of our key suppliers. Any sustained or significant disruption in the future to the manufacturing or sourcing of products or materials could increase our costs and interrupt product supply, which can adversely impact our business.
  3. Item 1A · new paragraph · not in the 10-K filed Feb 4, 2025 10-K, ITEM 1A
    to increase the cost of certain of our products, reduce overall consumption of our products or lead to negative publicity, resulting in an adverse effect on our business and financial performance.

New risk paragraphs, against peers

Latest 10-K of each, Consumer staples companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$86.4B$91.5B$91.9B$93.9B
Net income$8.9B$9.1B$9.6B$8.2B
Operating cash flow$10.8B$13.4B$12.5B$12.1B
Free cash flow$5.6B$7.9B$7.2B$7.7B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$93.9B ▲ 2.3% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

PepsiCo, Purchase, NY · from the 10-K filed Feb 3, 2026

We were incorporated in Delaware in 1919 and reincorporated in North Carolina in 1986. We are a leading global beverage and convenient food company with a complementary portfolio of brands, including Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker and SodaStream. Through our operations, authorized bottlers, contract manufacturers and other third parties, we make, market, distribute and sell a wide variety of beverages and convenient foods, serving customers and consumers in more than 200 countries and territories.

Headquarters
Purchase, NY
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 26
Last results
Oct 8, 2026
Incorporated in
NC

Employees, at the top of the page: "We employed approximately 306,000 people worldwide as of December 27, 2025, including approximately 125,000 people within the United States" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 3, 2026 (open at SEC), compared with the 10-K filed Feb 4, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/PEP/export.csv") into a cell.