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Screener / SEC EDGAR /CIK 0001418135 /10-K filed Feb 24, 2026, compared with Feb 25, 2025 /Numbers from the XBRL of the 10-Ks
Consumer staples peers:
KDPKHCDLTRMOCLCASY
Nasdaq Consumer staples · Beverages

Keurig Dr Pepper KDP

KDP quote by TradingView

Keurig Dr Pepper Inc. is a leading beverage company in North America that manufactures, markets, distributes, and sells hot and cold beverages and single serve brewing systems. 10-K, Item 1

Employees
30,600
Headquarters
Frisco, TX
CEO
Timothy P. Cofer
Next results
around Feb 23, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $16.6B through the costs to a net profit of $2.1B · income statement of the 10-K

22% operating margin
Revenue to Gross profit: $9.0BRevenue to Cost of revenue: $7.6BGross profit to Operating profit: $3.6BGross profit to Operating expenses: $5.4BOperating profit to Net profit: $2.1BOperating profit to Tax & other: $1.5BOperating expenses to R&D: $70.0MOperating expenses to SG&A: $5.4B Revenue: $16.6B REVENUE $16.6B +8% Y/Y Gross profit: $9.0B · 54% margin GROSS PROFIT $9.0B 54% margin · +6% Y/Y Cost of revenue: $7.6B · 46% of revenue COST OF REVENUE $7.6B 46% of revenue Operating profit: $3.6B · 22% margin OPERATING PROFIT $3.6B 22% margin · +38% Y/Y Operating expenses: $5.4B · 33% of revenue OPERATING EXPENSES $5.4B 33% of revenue Net profit: $2.1B · 13% margin NET PROFIT $2.1B 13% margin · +44% Y/Y Tax & other: $1.5B · 9% of revenue TAX & OTHER $1.5B 9% of revenue R&D: $70.0M · 0% of revenue R&D $70.0M 0% of revenue SG&A: $5.4B · 32% of revenue SG&A $5.4B 32% of revenue
Gross profit $9.0B 54% margin · +6% Y/Y
Operating profit $3.6B 22% margin · +38% Y/Y
Net profit $2.1B 13% margin · +44% Y/Y
The full income statement, year by year

KDP 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: 8.2%, above 84% of 32 peers (their median 2.0%) REVENUE GROWTH 8.2% · above 84% Gross margin: 48.0%, above 63% of 30 peers (their median 38.9%) GROSS MARGIN 48.0% · above 63% Operating margin: 15.6%, above 64% of 28 peers (their median 13.6%) OPERATING MARGIN 15.6% · above 64% Net margin: 7.1%, above 47% of 32 peers (their median 8.8%) NET MARGIN 7.1% · above 47% FCF margin: 10.1%, above 47% of 32 peers (their median 10.7%) FCF MARGIN 10.1% · above 47% Return on capital: 5.1%, above 17% of 24 peers (their median 12.3%) RETURN ON CAPITAL 5.1% · above 17%
KDP Peer median Below the median

What changed

87 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Feb 24, 2026 against Feb 25, 2025.

Risk factors
87 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Cash from operations lower than net income
Cash from operations $2.0B vs net income $2.1B (FY ending Dec 31, 2025)
10-K · XBRL
Inventory growing faster than revenue
Inventory +33.4% vs revenue +8.2% (+25.3 pts)
10-K · XBRL
Accounting checks
8 other checks clear, 2 worth a look
10-K · XBRL
Insiders
1 open-market buy 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

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

How it works

2facts worth reading about the other 8 checks found nothing to note

  • Cash from operations lower than net income
    Cash from operations $2.0B vs net income $2.1B (FY ending Dec 31, 2025)
  • Inventory growing faster than revenue
    Inventory +33.4% vs revenue +8.2% (+25.3 pts)
  • Receivables +11.3% vs revenue +8.2% (+3.1 pts)
7 more checks with nothing to note
  • Same auditor in both 10-Ks: Deloitte & Touche 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 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

87 paragraphs in Risk Factors that were not in the 10-K filed Feb 25, 2025. Quoted as filed.

All 87 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    In addition to the other information set forth in this Annual Report, the following factors should be considered, which could materially affect our business, financial condition, and results of operations. The risks described below are not the only risks we face. Risks and uncertainties not currently known to us or that we currently…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    Refer to the Risks Related to the JDE Peet's Acquisition section for risks specific to the JDE Peet's Acquisition.
  3. Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
    We may not complete the proposed JDE Peet's Acquisition within the time frame we anticipate, or at all, which could adversely affect our business. On August 24, 2025, we entered into the JDE Peet's Acquisition Agreement, and on January 16, 2026, pursuant to the terms of the JDE Peet's Acquisition Agreement, we commenced a tender offer…

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$14.1B$14.8B$15.4B$16.6B
Net income$1.4B$2.2B$1.4B$2.1B
Operating cash flow$2.8B$1.3B$2.2B$2.0B
Free cash flow$2.5B$904.0M$1.7B$1.5B

Revenue, FY2017 to FY2025

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

$16.6B ▲ 8.2% in FY2025

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Keurig Dr Pepper, Frisco, TX · from the 10-K filed Feb 24, 2026

Keurig Dr Pepper Inc. is a leading beverage company in North America that manufactures, markets, distributes, and sells hot and cold beverages and single serve brewing systems. We have a broad portfolio of iconic beverage brands, including Dr Pepper, Canada Dry, Mott's, A&W, Peñafiel, GHOST, 7UP, Snapple, Green Mountain Coffee Roasters, Clamato, The Original Donut Shop, and Core Hydration, as well as the Keurig brewing system. Our beverage brands are some of the most recognized beverage brands in North America, with significant consumer awareness levels and long histories that evoke strong emotional connections with consumers.

Headquarters
Frisco, TX
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Nov 3, 2026
Incorporated in
DE

Employees, at the top of the page: "We have approximately 30,600 employees, primarily located in North America" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 24, 2026 (open at SEC), compared with the 10-K filed Feb 25, 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/KDP/export.csv") into a cell.