KDPKeurig Dr Pepper

Consumer staples · Beverages · Nasdaq

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

RevenueFY2017–25 $16.6B+8.2% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2017–25 $2.1B+44.3% FY2024: $1.4B 10-K FY2025 · XBRL Free cash flowFY2017–25 $1.5B−9.1% FY2024: $1.7B 10-K FY2025 · XBRL Operating marginFY2017–25 21.5%+4.7 pts 21.0% in FY2017 10-K FY2025 · XBRL

What changed

10-K filed Feb 24, 2026 against Feb 25, 2025

Area	What changed	Source
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 2025-12-31)	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.

What's new, in their words

10-K filed Feb 24, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-25. Quoted as filed.

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…
10-K, Item 1A

All 87 new paragraphs →

Accounting checks

latest 10-K

8 of 10 clear 2 worth a look. Checks, not verdicts.

!
Cash from operations lower than net incomeCash from operations $2.0B vs net income $2.1B (FY ending 2025-12-31)
!
Inventory growing faster than revenueInventory +33.4% vs revenue +8.2% (+25.3 pts)
✓
Receivables +11.3% vs revenue +8.2% (+3.1 pts)
✓
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

How each check works, with sources →

In the last 30 days

All filings →

Nov 9, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Nov 3, 20268-K Quarterly results 8-K item 2.02

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