PepsiCo (PEP) Financials

$144.43 +0.29 (+0.20%)

Closing price 04/11/2025 04:00 PM Eastern

Extended Trading

$144.24 -0.19 (-0.14%)

As of 04/11/2025 07:55 PM Eastern

Annual Income Statements for PepsiCo

This table shows PepsiCo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	5,452	6,329	4,857	12,515	7,314	7,120	7,618	8,910	9,074	9,578
Consolidated Net Income / (Loss)	5,501	6,379	4,908	12,559	7,353	7,175	7,679	8,978	9,155	9,626
Net Income / (Loss) Continuing Operations	5,501	6,379	4,908	12,559	7,353	7,175	7,679	8,978	9,155	9,626
Total Pre-Tax Income	7,442	8,553	9,602	9,189	9,312	9,069	9,821	10,705	11,417	11,946
Total Operating Income	8,353	9,804	10,276	10,110	10,291	10,080	11,162	11,512	11,986	12,887
Total Gross Profit	34,325	34,577	34,729	35,280	37,029	38,575	42,399	45,816	49,590	50,110
Total Revenue	63,056	62,799	63,525	64,661	67,161	70,372	79,474	86,392	91,471	91,854
Operating Revenue	63,056	62,799	63,525	64,661	67,161	70,372	79,474	86,392	91,471	91,854
Total Cost of Revenue	28,731	28,222	28,796	29,381	30,132	31,797	37,075	40,576	41,881	41,744
Operating Cost of Revenue	28,731	28,222	28,796	29,381	30,132	31,797	37,075	40,576	41,881	41,744
Total Operating Expenses	25,972	24,773	24,453	25,170	26,738	28,495	31,237	34,304	37,604	37,223
Selling, General & Admin Expense	24,613	24,773	24,453	25,170	26,738	28,453	31,237	34,459	36,677	37,190
Other Operating Expenses / (Income)	-	-	-	-	-	0.00	0.00	-3,321	0.00	0.00
Impairment Charge	1,359	-	-	-	-	42	0.00	3,166	927	33
Total Other Income / (Expense), net	-911	-1,251	-674	-921	-979	-1,011	-1,341	-807	-569	-941
Interest Expense	970	1,342	1,151	1,219	935	1,128	1,863	939	819	919
Other Income / (Expense), net	-	-19	477	298	-44	-	522	132	-	-22
Income Tax Expense	1,941	2,174	4,694	-3,370	1,959	1,894	2,142	1,727	2,262	2,320
Net Income / (Loss) Attributable to Noncontrolling Interest	49	50	51	44	39	55	61	68	81	48
Basic Earnings per Share	$3.71	$4.39	$3.40	$8.84	$5.23	$5.14	$5.51	$6.45	$6.59	$6.97
Weighted Average Basic Shares Outstanding	1.47B	1.44B	1.43B	1.42B	1.40B	1.39B	1.38B	1.38B	1.38B	1.37B
Diluted Earnings per Share	$3.67	$4.36	$3.38	$8.78	$5.20	$5.12	$5.49	$6.42	$6.56	$6.95
Weighted Average Diluted Shares Outstanding	1.49B	1.45B	1.44B	1.43B	1.41B	1.39B	1.39B	1.39B	1.38B	1.38B
Weighted Average Basic & Diluted Shares Outstanding	1.45B	1.43B	1.43B	1.42B	1.39B	1.38B	1.38B	1.38B	1.37B	1.37B
Cash Dividends to Common per Share	$2.76	$2.96	$3.17	$3.59	$3.79	$4.02	$4.25	$4.53	$4.95	$5.33

This table shows PepsiCo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	2,702	518	1,932	2,748	3,092	1,302	2,042	3,083	2,930	1,523
Consolidated Net Income / (Loss)	2,724	535	1,944	2,771	3,116	1,324	2,053	3,094	2,945	1,534
Net Income / (Loss) Continuing Operations	2,724	535	1,944	2,771	3,116	1,324	2,053	3,094	2,945	1,534
Total Pre-Tax Income	3,199	506	2,490	3,518	3,876	1,533	2,573	3,870	3,694	1,809
Total Operating Income	3,353	815	2,629	3,659	4,015	1,683	2,717	4,048	3,872	2,250
Total Gross Profit	11,663	14,576	9,858	12,201	12,778	14,753	10,002	12,582	12,923	14,603
Total Revenue	21,971	27,996	17,846	22,322	23,453	27,850	18,250	22,501	23,319	27,784
Operating Revenue	21,971	27,996	17,846	22,322	23,453	27,850	18,250	22,501	23,319	27,784
Total Cost of Revenue	10,308	13,420	7,988	10,121	10,675	13,097	8,248	9,919	10,396	13,181
Operating Cost of Revenue	10,308	13,420	7,988	10,121	10,675	13,097	8,248	9,919	10,396	13,181
Total Operating Expenses	8,310	13,761	7,229	8,542	8,763	13,070	7,285	8,534	9,051	12,353
Selling, General & Admin Expense	8,295	12,197	7,229	8,542	8,763	12,143	7,285	8,534	9,051	12,320
Impairment Charge	1.00	1,564	0.00	0.00	0.00	927	0.00	0.00	0.00	33
Total Other Income / (Expense), net	-154	-309	-139	-141	-139	-150	-144	-178	-178	-441
Interest Expense	190	273	200	201	201	217	202	234	219	264
Income Tax Expense	475	-29	546	747	760	209	520	776	749	275
Net Income / (Loss) Attributable to Noncontrolling Interest	22	17	12	23	24	22	11	11	15	11
Basic Earnings per Share	$1.96	$0.38	$1.40	$1.99	$2.25	$0.95	$1.49	$2.24	$2.13	$1.11
Weighted Average Basic Shares Outstanding	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.37B	1.37B
Diluted Earnings per Share	$1.95	$0.38	$1.40	$1.99	$2.24	$0.93	$1.48	$2.23	$2.13	$1.11
Weighted Average Diluted Shares Outstanding	1.39B	1.39B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B
Weighted Average Basic & Diluted Shares Outstanding	1.38B	1.38B	1.38B	1.38B	1.37B	1.37B	1.37B	1.37B	1.37B	1.37B

This table details how cash moves in and out of PepsiCo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	2,962	50	1,488	112	-5,199	2,684	-2,547	-607	4,661	-1,208
Net Cash From Operating Activities	10,864	10,663	10,030	9,415	9,649	10,613	11,616	10,811	13,442	12,507
Net Cash From Continuing Operating Activities	10,864	10,663	10,030	9,415	9,649	10,613	11,616	10,811	13,442	12,507
Net Income / (Loss) Continuing Operations	5,501	6,379	4,908	12,559	7,353	7,175	7,679	8,978	9,155	9,626
Consolidated Net Income / (Loss)	5,501	6,379	4,908	12,559	7,353	7,175	7,679	8,978	9,155	9,626
Depreciation Expense	2,416	2,368	2,369	2,399	2,432	2,548	2,710	2,763	2,948	3,160
Amortization Expense	-	-	-	-	412	478	505	517	570	655
Non-Cash Adjustments To Reconcile Net Income	2,219	623	588	-5,268	455	523	-294	1,086	1,931	1,908
Changes in Operating Assets and Liabilities, net	728	1,293	2,165	-275	-1,003	-111	1,016	-2,533	-1,162	-2,842
Net Cash From Investing Activities	-3,569	-7,150	-4,403	4,564	-6,437	-11,619	-3,269	-2,430	-5,495	-5,472
Net Cash From Continuing Investing Activities	-3,569	-7,150	-4,403	4,564	-6,437	-11,619	-3,269	-2,430	-5,495	-5,472
Purchase of Property, Plant & Equipment	-2,758	-3,040	-2,969	-3,282	-4,232	-4,240	-4,625	-5,207	-5,518	-5,318
Acquisitions	-86	-212	-61	-1,496	-2,717	-6,372	-61	-873	-314	-256
Purchase of Investments	-4,428	-12,504	-18,385	-5,637	0.00	-1,135	0.00	-291	-555	-425
Sale of Property, Plant & Equipment	86	99	180	134	170	55	166	251	198	342
Divestitures	76	85	267	505	253	6.00	169	49	75	166
Sale and/or Maturity of Investments	4,114	8,415	16,536	14,338	78	0.00	1,077	3,606	571	0.00
Other Investing Activities, net	-573	7.00	29	2.00	11	67	5.00	35	48	19
Net Cash From Financing Activities	-4,112	-3,211	-4,186	-13,769	-8,489	3,819	-10,780	-8,523	-3,009	-7,556
Net Cash From Continuing Financing Activities	-4,112	-3,211	-4,186	-13,769	-8,489	3,819	-10,780	-8,523	-3,009	-7,556
Repayment of Debt	-4,137	-5,694	-5,626	-5,668	-5,024	-6,532	-8,743	-6,197	-6,184	-9,578
Repurchase of Common Equity	-5,000	-3,000	-2,000	-2,000	-3,000	-2,000	-106	-1,500	-1,000	-1,000
Payment of Dividends	-4,040	-4,227	-4,472	-4,930	-5,304	-5,509	-5,815	-6,172	-6,682	-7,229
Issuance of Debt	8,717	9,382	7,600	-1,349	4,624	17,777	4,564	5,315	10,881	10,220
Other Financing Activities, net	353	335	317	178	215	83	-680	31	-24	31
Effect of Exchange Rate Changes	-221	-252	47	-98	78	-129	-114	-465	-277	-687

This table details how cash moves in and out of PepsiCo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	973	-1,418	-263	1,405	3,889	-370	-1,631	-1,712	925	1,210
Net Cash From Operating Activities	4,425	4,505	-392	2,411	5,611	5,812	-1,041	2,356	4,905	6,287
Net Cash From Continuing Operating Activities	4,425	4,505	-392	2,411	5,611	5,812	-1,041	2,356	4,905	6,287
Net Income / (Loss) Continuing Operations	2,724	535	1,944	2,771	3,116	1,324	2,053	3,094	2,945	1,534
Consolidated Net Income / (Loss)	2,724	535	1,944	2,771	3,116	1,324	2,053	3,094	2,945	1,534
Depreciation Expense	659	909	590	678	705	975	641	738	739	1,042
Amortization Expense	123	171	116	132	136	186	127	151	160	217
Non-Cash Adjustments To Reconcile Net Income	121	2,243	47	286	42	1,556	65	139	341	1,363
Changes in Operating Assets and Liabilities, net	798	647	-3,089	-1,456	1,612	1,771	-3,927	-1,766	720	2,131
Net Cash From Investing Activities	-1,863	-2,739	-532	-891	-956	-3,116	-562	-892	-1,511	-2,507
Net Cash From Continuing Investing Activities	-1,863	-2,739	-532	-891	-956	-3,116	-562	-892	-1,511	-2,507
Purchase of Property, Plant & Equipment	-1,048	-2,660	-581	-916	-1,040	-2,981	-614	-1,087	-1,149	-2,468
Acquisitions	-775	-69	-16	-67	-49	-182	-6.00	-24	-1.00	-225
Sale of Property, Plant & Equipment	6.00	23	19	103	9.00	67	7.00	120	50	165
Sale and/or Maturity of Investments	-3,464	3,591	204	234	227	-94	61	75	13	-149
Other Investing Activities, net	3,464	-3,428	0.00	32	17	-1.00	-10	24	1.00	4.00
Net Cash From Financing Activities	-1,475	-2,916	777	-87	-656	-3,043	10	-2,910	-2,382	-2,274
Net Cash From Continuing Financing Activities	-1,475	-2,916	777	-87	-656	-3,043	10	-2,910	-2,382	-2,274
Repayment of Debt	-1,943	-1,037	-1,255	-1,039	-1,014	-2,876	-2,883	-2,157	-2,042	-2,496
Repurchase of Common Equity	-457	-344	-160	-293	-298	-249	-146	-315	-299	-240
Payment of Dividends	-1,589	-1,586	-1,608	-1,591	-1,742	-1,741	-1,767	-1,739	-1,863	-1,860
Issuance of Debt	2,500	36	3,870	2,799	2,400	1,812	4,848	1,283	1,792	2,297
Other Financing Activities, net	14	15	-70	37	-2.00	11	-42	18	30	25
Effect of Exchange Rate Changes	-114	-268	-116	-28	-110	-23	-38	-266	-87	-296

This table presents PepsiCo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	69,667	73,490	79,804	77,648	78,547	92,918	92,377	92,187	100,495	99,467
Total Current Assets	23,031	26,450	31,027	21,893	17,645	23,001	21,783	21,539	26,950	25,826
Cash & Equivalents	9,096	9,158	10,610	8,721	5,509	8,185	5,596	4,954	9,711	8,505
Short-Term Investments	2,913	6,967	8,900	272	229	1,366	392	394	292	761
Note & Lease Receivable	6,437	6,694	7,024	7,142	7,822	8,404	8,680	10,163	10,815	10,333
Inventories, net	2,720	2,723	2,947	3,128	-	4,172	4,347	5,222	5,334	5,306
Prepaid Expenses	1,865	908	1,546	633	747	874	980	806	798	921
Plant, Property, & Equipment, net	16,317	16,591	17,240	17,589	19,305	21,369	22,407	24,291	27,039	28,008
Total Noncurrent Assets	30,319	30,449	31,537	38,166	41,597	48,548	48,464	47,170	48,122	46,979
Long-Term Investments	2,311	1,950	2,042	2,409	2,683	2,792	2,627	3,886	4,330	3,331
Goodwill	14,177	14,430	14,744	14,808	15,501	18,757	18,381	18,202	17,728	17,534
Intangible Assets	13,081	13,433	13,838	15,825	16,043	19,315	18,665	15,586	14,929	14,801
Noncurrent Deferred & Refundable Income Taxes	-	-	0.00	4,364	4,359	4,372	4,310	4,204	4,474	4,362
Other Noncurrent Operating Assets	750	636	913	760	3,011	3,312	4,481	5,292	6,661	6,951
Total Liabilities & Shareholders' Equity	57,637	62,291	79,804	77,648	78,547	92,918	92,377	92,187	100,495	99,467
Total Liabilities	57,637	62,291	68,823	63,046	63,679	79,366	76,226	74,914	81,858	81,296
Total Current Liabilities	17,578	21,135	20,502	22,138	20,461	23,372	26,220	26,785	31,647	31,536
Short-Term Debt	4,071	6,892	5,485	4,026	2,920	3,780	4,308	3,414	6,510	7,082
Accounts Payable	13,507	14,243	15,017	18,112	17,541	19,592	21,159	23,371	25,137	24,454
Other Current Nonoperating Liabilities	-	-	-	-	-	0.00	753	0.00	0.00	0.00
Total Noncurrent Liabilities	40,059	41,156	48,321	40,908	43,218	55,994	50,006	48,129	50,211	49,760
Long-Term Debt	29,213	30,053	33,796	28,295	29,148	40,370	36,026	35,657	37,595	37,224
Capital Lease Obligations	-	-	-	-	-	-	0.00	0.00	0.00	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	4,959	4,434	3,242	3,499	4,091	4,284	4,826	4,133	3,895	3,484
Other Noncurrent Operating Liabilities	5,887	6,669	11,283	9,114	9,979	11,340	9,154	8,339	8,721	9,052
Commitments & Contingencies	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.00	0.00	10,981	14,602	14,868	13,552	16,151	17,273	18,637	18,171
Total Preferred & Common Equity	0.00	0.00	11,086	14,518	14,786	13,454	16,043	17,149	18,503	18,041
Total Common Equity	0.00	0.00	11,045	14,518	14,786	13,454	16,043	17,149	18,503	18,041
Common Stock	-	-	4,020	3,976	14,786	3,933	4,024	4,157	4,284	4,408
Retained Earnings	-	-	52,839	59,947	-	63,443	65,165	67,800	70,035	72,266
Treasury Stock	-	-	-	-	0.00	-38,446	-38,248	-39,506	-40,282	-41,021
Accumulated Other Comprehensive Income / (Loss)	-	-	-13,057	-15,119	-	-15,476	-14,898	-15,302	-15,534	-17,612
Noncontrolling Interest	-	-	92	84	82	98	108	124	134	130

This table presents PepsiCo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	94,461	92,187	93,042	95,906	99,953	100,495	100,040	99,533	100,513	99,467
Total Current Assets	23,543	21,539	22,427	24,954	28,649	26,950	26,005	25,703	26,852	25,826
Cash & Equivalents	6,415	4,954	4,770	6,116	10,017	9,711	8,047	6,353	7,308	8,505
Short-Term Investments	327	394	434	338	266	292	303	315	743	761
Note & Lease Receivable	10,739	10,163	10,469	11,456	11,782	10,815	10,938	11,942	12,088	10,333
Inventories, net	5,019	5,222	5,697	5,969	5,558	5,334	5,569	5,887	5,644	5,306
Prepaid Expenses	1,043	806	1,057	1,075	1,026	798	1,148	1,206	1,069	921
Plant, Property, & Equipment, net	22,800	24,291	24,228	24,500	24,853	27,039	26,792	27,042	27,188	28,008
Total Noncurrent Assets	48,118	47,170	46,387	46,452	46,451	48,122	47,243	46,788	46,473	46,979
Long-Term Investments	3,224	3,886	3,123	3,038	2,955	4,330	2,734	2,674	2,645	3,331
Goodwill	18,388	18,202	18,089	17,997	17,892	17,728	17,646	17,648	17,709	17,534
Intangible Assets	17,152	15,586	15,523	15,562	15,501	14,929	14,853	14,826	14,857	14,801
Noncurrent Deferred & Refundable Income Taxes	4,324	4,204	4,211	4,186	4,165	4,474	4,444	4,465	4,321	4,362
Other Noncurrent Operating Assets	5,030	5,292	5,441	5,669	5,938	6,661	7,566	7,175	6,941	6,951
Total Liabilities & Shareholders' Equity	94,461	92,187	93,042	95,906	99,953	100,495	100,040	99,533	100,513	99,467
Total Liabilities	75,326	74,914	75,867	78,081	80,983	81,858	80,850	79,953	80,908	81,296
Total Current Liabilities	25,653	26,785	25,837	29,618	32,660	31,647	30,234	31,148	30,315	31,536
Short-Term Debt	3,109	3,414	4,281	7,613	8,937	6,510	8,161	8,289	6,524	7,082
Accounts Payable	22,544	23,371	21,556	22,005	23,723	25,137	22,073	22,859	23,791	24,454
Other Current Nonoperating Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	49,673	48,129	50,030	48,463	48,323	50,211	50,616	48,805	50,593	49,760
Long-Term Debt	36,136	35,657	37,486	36,008	35,837	37,595	37,707	36,638	38,490	37,224
Capital Lease Obligations	-	0.00	-	-	-	0.00	-	-	-	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	4,724	4,133	4,039	4,113	4,047	3,895	4,087	3,908	3,684	3,484
Other Noncurrent Operating Liabilities	8,813	8,339	8,505	8,342	8,439	8,721	8,822	8,259	8,419	9,052
Commitments & Contingencies	-	0.00	-	-	-	0.00	-	-	-	0.00
Total Equity & Noncontrolling Interests	19,135	17,273	17,175	17,825	18,970	18,637	19,190	19,580	19,605	18,171
Total Preferred & Common Equity	18,977	17,149	17,042	17,685	18,806	18,503	19,047	19,446	19,453	18,041
Total Common Equity	18,977	17,149	17,042	17,685	18,806	18,503	19,047	19,446	19,453	18,041
Common Stock	4,059	4,157	4,019	4,105	4,177	4,284	4,155	4,226	4,304	4,408
Retained Earnings	68,872	67,800	68,142	69,135	70,479	70,035	70,331	71,545	72,607	72,266
Treasury Stock	-39,211	-39,506	-39,518	-39,775	-40,056	-40,282	-40,260	-40,539	-40,806	-41,021
Accumulated Other Comprehensive Income / (Loss)	-14,743	-15,302	-15,601	-15,780	-15,794	-15,534	-15,179	-15,786	-16,652	-17,612
Noncontrolling Interest	158	124	133	140	164	134	143	134	152	130

This table displays calculated financial ratios and metrics derived from PepsiCo's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.44%	-0.41%	1.16%	1.79%	3.87%	4.78%	12.93%	8.70%	5.88%	0.42%
EBITDA Growth	-11.77%	12.85%	7.97%	-2.40%	2.22%	0.11%	13.68%	0.17%	3.89%	7.59%
EBIT Growth	-12.82%	17.14%	9.89%	-3.21%	-1.55%	-1.63%	15.91%	-0.34%	2.94%	7.33%
NOPAT Growth	-13.95%	18.42%	-28.17%	163.07%	-41.19%	-1.86%	9.44%	10.62%	-0.45%	8.04%
Net Income Growth	-16.12%	15.96%	-23.06%	155.89%	-41.45%	-2.42%	7.02%	16.92%	1.97%	5.14%
EPS Growth	-14.05%	18.80%	-22.48%	159.76%	-40.77%	-1.54%	7.23%	16.94%	2.18%	5.95%
Operating Cash Flow Growth	3.41%	-1.85%	-5.94%	-6.13%	2.49%	9.99%	9.45%	-6.93%	24.34%	-6.96%
Free Cash Flow Firm Growth	-48.58%	-19.33%	-19.73%	36.18%	-65.18%	-63.93%	516.75%	26.80%	-15.09%	22.29%
Invested Capital Growth	-11.52%	-2.98%	-4.52%	16.77%	14.89%	17.77%	3.86%	1.72%	4.39%	2.40%
Revenue Q/Q Growth	-2.12%	1.50%	0.02%	0.00%	1.69%	2.65%	3.64%	3.29%	-0.16%	-0.07%
EBITDA Q/Q Growth	1.41%	1.05%	5.25%	1.24%	4.15%	5.00%	5.62%	-9.39%	6.52%	4.01%
EBIT Q/Q Growth	2.57%	1.46%	6.40%	1.55%	0.74%	1.28%	2.26%	-12.18%	7.81%	4.42%
NOPAT Q/Q Growth	8.23%	-1.78%	-32.61%	158.61%	-41.10%	0.75%	-1.32%	-12.28%	7.36%	4.46%
Net Income Q/Q Growth	7.99%	-4.72%	-30.09%	151.33%	-40.90%	1.14%	-6.32%	-8.24%	9.43%	2.23%
EPS Q/Q Growth	8.90%	-4.39%	-30.02%	151.58%	-40.50%	1.19%	-6.47%	-8.15%	9.15%	2.66%
Operating Cash Flow Q/Q Growth	2.61%	-2.29%	1.05%	8.53%	-1.00%	-0.90%	4.42%	-4.23%	10.77%	3.95%
Free Cash Flow Firm Q/Q Growth	-28.72%	-1.16%	-5.70%	75.75%	-61.71%	192.56%	-13.44%	-2.69%	9.46%	40.77%
Invested Capital Q/Q Growth	-4.51%	-4.75%	-11.26%	2.92%	0.88%	-0.77%	1.32%	-1.01%	-0.95%	-5.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.44%	55.06%	54.67%	54.56%	55.13%	54.82%	53.35%	53.03%	54.21%	54.55%
EBITDA Margin	17.08%	19.35%	20.66%	19.81%	19.49%	18.62%	18.75%	17.27%	16.95%	18.16%
Operating Margin	13.25%	15.61%	16.18%	15.64%	15.32%	14.32%	14.04%	13.33%	13.10%	14.03%
EBIT Margin	13.25%	15.58%	16.93%	16.10%	15.26%	14.32%	14.70%	13.48%	13.10%	14.01%
Profit (Net Income) Margin	8.72%	10.16%	7.73%	19.42%	10.95%	10.20%	9.66%	10.39%	10.01%	10.48%
Tax Burden Percent	73.92%	74.58%	51.11%	136.67%	78.96%	79.12%	78.19%	83.87%	80.19%	80.58%
Interest Burden Percent	89.09%	87.41%	89.30%	88.29%	90.88%	89.97%	84.06%	91.94%	95.25%	92.86%
Effective Tax Rate	26.08%	25.42%	48.89%	-36.67%	21.04%	20.88%	21.81%	16.13%	19.81%	19.42%
Return on Invested Capital (ROIC)	18.70%	23.95%	17.87%	44.41%	22.56%	19.02%	18.88%	20.32%	19.63%	20.51%
ROIC Less NNEP Spread (ROIC-NNEP)	15.93%	20.89%	16.43%	37.54%	18.93%	16.13%	15.54%	18.12%	18.15%	18.16%
Return on Net Nonoperating Assets (RNNOA)	43.99%	0.00%	71.52%	53.78%	27.34%	31.48%	32.83%	33.40%	31.36%	31.79%
Return on Equity (ROE)	62.70%	0.00%	89.39%	98.18%	49.90%	50.49%	51.71%	53.72%	50.99%	52.30%
Cash Return on Invested Capital (CROIC)	30.93%	26.98%	22.50%	28.94%	8.70%	2.70%	15.08%	18.61%	15.33%	18.14%
Operating Return on Assets (OROA)	11.92%	13.67%	14.03%	13.22%	13.12%	11.76%	12.61%	12.62%	12.44%	12.87%
Return on Assets (ROA)	7.85%	8.91%	6.40%	15.95%	9.42%	8.37%	8.29%	9.73%	9.50%	9.63%
Return on Common Equity (ROCE)	62.16%	0.00%	89.91%	98.11%	49.62%	50.17%	51.35%	53.35%	50.62%	51.93%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	44.27%	86.51%	49.73%	53.33%	47.87%	52.35%	49.48%	53.36%
Net Operating Profit after Tax (NOPAT)	6,174	7,312	5,253	13,818	8,126	7,975	8,728	9,655	9,611	10,384
NOPAT Margin	9.79%	11.64%	8.27%	21.37%	12.10%	11.33%	10.98%	11.18%	10.51%	11.31%
Net Nonoperating Expense Percent (NNEP)	2.78%	3.06%	1.44%	6.87%	3.63%	2.88%	3.34%	2.20%	1.47%	2.35%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	17.14%	15.32%	16.62%
Cost of Revenue to Revenue	45.56%	44.94%	45.33%	45.44%	44.87%	45.18%	46.65%	46.97%	45.79%	45.45%
SG&A Expenses to Revenue	39.03%	39.45%	38.49%	38.93%	39.81%	40.43%	39.30%	39.89%	40.10%	40.49%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	41.19%	39.45%	38.49%	38.93%	39.81%	40.49%	39.30%	39.71%	41.11%	40.52%
Earnings before Interest and Taxes (EBIT)	8,353	9,785	10,753	10,408	10,247	10,080	11,684	11,644	11,986	12,865
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	10,769	12,153	13,122	12,807	13,091	13,106	14,899	14,924	15,504	16,680
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	12.77	9.17	11.42	13.50	13.64	13.67	12.23	11.63
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.82	1.92	2.22	2.06	2.51	2.58	2.75	2.71	2.47	2.28
Price to Earnings (P/E)	21.00	19.08	29.05	10.64	23.08	25.50	28.73	26.31	24.94	21.90
Dividend Yield	3.51%	3.52%	3.19%	3.80%	3.13%	3.06%	2.68%	2.66%	3.00%	3.49%
Earnings Yield	4.76%	5.24%	3.44%	9.40%	4.33%	3.92%	3.48%	3.80%	4.01%	4.57%
Enterprise Value to Invested Capital (EV/IC)	4.31	4.64	5.54	4.54	5.00	4.71	5.32	5.52	5.12	4.72
Enterprise Value to Revenue (EV/Rev)	2.12	2.22	2.50	2.35	2.87	3.03	3.15	3.06	2.80	2.63
Enterprise Value to EBITDA (EV/EBITDA)	12.39	11.49	12.11	11.88	14.71	16.29	16.82	17.72	16.52	14.48
Enterprise Value to EBIT (EV/EBIT)	15.98	14.27	14.78	14.62	18.79	21.18	21.45	22.71	21.37	18.78
Enterprise Value to NOPAT (EV/NOPAT)	21.62	19.10	30.26	11.01	23.69	26.77	28.72	27.39	26.65	23.27
Enterprise Value to Operating Cash Flow (EV/OCF)	12.29	13.10	15.85	16.16	19.95	20.12	21.58	24.46	19.06	19.32
Enterprise Value to Free Cash Flow (EV/FCFF)	13.07	16.95	24.04	16.90	61.41	188.78	35.94	29.90	34.11	26.31
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	3.58	2.21	2.16	3.26	2.50	2.26	2.37	2.44
Long-Term Debt to Equity	0.00	0.00	3.08	1.94	1.96	2.98	2.23	2.06	2.02	2.05
Financial Leverage	2.76	0.00	4.35	1.43	1.44	1.95	2.11	1.84	1.73	1.75
Leverage Ratio	7.99	0.00	13.96	6.15	5.30	6.03	6.24	5.52	5.37	5.43
Compound Leverage Factor	7.12	0.00	12.47	5.43	4.82	5.43	5.24	5.08	5.11	5.04
Debt to Total Capital	100.00%	100.00%	78.15%	68.88%	68.32%	76.51%	71.41%	69.34%	70.30%	70.92%
Short-Term Debt to Total Capital	12.23%	18.65%	10.91%	8.58%	6.22%	6.55%	7.63%	6.06%	10.38%	11.34%
Long-Term Debt to Total Capital	87.77%	81.35%	67.24%	60.30%	62.10%	69.96%	63.78%	63.28%	59.92%	59.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.18%	0.18%	0.17%	0.17%	0.19%	0.22%	0.21%	0.21%
Common Equity to Total Capital	0.00%	0.00%	21.97%	30.94%	31.50%	23.32%	28.40%	30.44%	29.49%	28.88%
Debt to EBITDA	3.09	3.04	2.99	2.52	2.45	3.37	2.71	2.62	2.84	2.66
Net Debt to EBITDA	1.76	1.55	1.35	1.48	1.81	2.43	2.13	2.00	1.92	1.90
Long-Term Debt to EBITDA	2.71	2.47	2.58	2.21	2.23	3.08	2.42	2.39	2.42	2.23
Debt to NOPAT	5.39	5.05	7.48	2.34	3.95	5.54	4.62	4.05	4.59	4.27
Net Debt to NOPAT	3.07	2.58	3.38	1.37	2.91	3.99	3.63	3.09	3.10	3.05
Long-Term Debt to NOPAT	4.73	4.11	6.43	2.05	3.59	5.06	4.13	3.69	3.91	3.58
Altman Z-Score	2.59	2.54	3.56	3.62	2.83	3.44	3.93	4.19	3.88	3.85
Noncontrolling Interest Sharing Ratio	0.86%	0.00%	-0.58%	0.08%	0.56%	0.63%	0.69%	0.69%	0.72%	0.72%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.31	1.25	1.51	0.99	0.86	0.98	0.83	0.80	0.85	0.82
Quick Ratio	1.05	1.08	1.29	0.73	0.66	0.77	0.56	0.58	0.66	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	10,210	8,237	6,612	9,004	3,135	1,131	6,975	8,844	7,509	9,183
Operating Cash Flow to CapEx	406.59%	362.56%	359.63%	299.08%	237.54%	253.60%	260.51%	218.14%	252.67%	251.35%
Free Cash Flow to Firm to Interest Expense	10.53	6.14	5.74	7.39	3.35	1.00	3.74	9.42	9.17	9.99
Operating Cash Flow to Interest Expense	11.20	7.95	8.71	7.72	10.32	9.41	6.24	11.51	16.41	13.61
Operating Cash Flow Less CapEx to Interest Expense	8.45	5.75	6.29	5.14	5.98	5.70	3.84	6.24	9.92	8.19
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.90	0.88	0.83	0.82	0.86	0.82	0.86	0.94	0.95	0.92
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	9.80	10.37	10.16	9.67	0.00	0.00	8.70	8.48	7.94	7.85
Fixed Asset Turnover	3.76	3.82	3.76	3.71	3.64	3.46	3.63	3.70	3.56	3.34
Accounts Payable Turnover	2.17	2.03	1.97	1.77	1.69	1.71	1.82	1.82	1.73	1.68
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	37.24	35.20	35.93	37.73	0.00	0.00	41.93	43.04	46.00	46.52
Days Payable Outstanding (DPO)	168.47	179.45	185.44	205.78	215.94	213.13	200.59	200.28	211.38	216.81
Cash Conversion Cycle (CCC)	-131.23	-144.25	-149.51	-168.05	-215.94	-213.13	-158.66	-157.25	-165.38	-170.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	30,994	30,069	28,710	33,524	38,515	45,359	47,112	47,923	50,025	51,226
Invested Capital Turnover	1.91	2.06	2.16	2.08	1.86	1.68	1.72	1.82	1.87	1.81
Increase / (Decrease) in Invested Capital	-4,036	-925	-1,359	4,814	4,991	6,844	1,753	811	2,102	1,201
Enterprise Value (EV)	133,480	139,641	158,957	152,165	192,532	213,484	250,668	264,405	256,167	241,602
Market Capitalization	114,516	120,771	141,095	133,159	168,803	181,579	218,841	234,444	226,261	209,763
Book Value per Share	$0.00	$0.00	$7.77	$10.29	$10.60	$9.74	$11.60	$12.45	$13.46	$13.15
Tangible Book Value per Share	($18.71)	($19.43)	($12.33)	($11.42)	($12.02)	($17.81)	($15.19)	($12.08)	($10.29)	($10.42)
Total Capital	33,284	36,945	50,262	46,923	46,936	57,702	56,485	56,344	62,742	62,477
Total Debt	33,284	36,945	39,281	32,321	32,068	44,150	40,334	39,071	44,105	44,306
Total Long-Term Debt	29,213	30,053	33,796	28,295	29,148	40,370	36,026	35,657	37,595	37,224
Net Debt	18,964	18,870	17,729	18,922	23,647	31,807	31,719	29,837	29,772	31,709
Capital Expenditures (CapEx)	2,672	2,941	2,789	3,148	4,062	4,185	4,459	4,956	5,320	4,976
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,485	-3,918	-3,500	-7,209	-5,634	-6,142	-6,117	-7,180	-8,190	-7,894
Debt-free Net Working Capital (DFNWC)	9,524	12,207	16,010	3,781	104	3,409	-129	-1,832	1,813	1,372
Net Working Capital (NWC)	5,453	5,315	10,525	-245	-2,816	-371	-4,437	-5,246	-4,697	-5,710
Net Nonoperating Expense (NNE)	673	933	345	1,259	773	800	1,049	677	456	758
Net Nonoperating Obligations (NNO)	30,994	30,069	17,729	18,922	23,647	31,807	30,961	30,650	31,388	33,055
Total Depreciation and Amortization (D&A)	2,416	2,368	2,369	2,399	2,844	3,026	3,215	3,280	3,518	3,815
Debt-free, Cash-free Net Working Capital to Revenue	-3.94%	-6.24%	-5.51%	-11.15%	-8.39%	-8.73%	-7.70%	-8.31%	-8.95%	-8.59%
Debt-free Net Working Capital to Revenue	15.10%	19.44%	25.20%	5.85%	0.15%	4.84%	-0.16%	-2.12%	1.98%	1.49%
Net Working Capital to Revenue	8.65%	8.46%	16.57%	-0.38%	-4.19%	-0.53%	-5.58%	-6.07%	-5.14%	-6.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.71	$4.39	$3.40	$8.84	$5.23	$5.14	$5.51	$6.45	$6.59	$6.97
Adjusted Weighted Average Basic Shares Outstanding	1.47B	1.44B	1.43B	1.42B	1.40B	1.39B	1.38B	1.38B	1.38B	1.37B
Adjusted Diluted Earnings per Share	$3.67	$4.36	$3.38	$8.78	$5.20	$5.12	$5.49	$6.42	$6.56	$6.95
Adjusted Weighted Average Diluted Shares Outstanding	1.49B	1.45B	1.44B	1.43B	1.41B	1.39B	1.39B	1.39B	1.38B	1.38B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.45B	1.43B	1.42B	1.40B	1.39B	1.38B	1.38B	1.38B	1.37B	1.37B
Normalized Net Operating Profit after Tax (NOPAT)	7,179	7,312	5,253	7,077	8,126	8,008	8,728	12,310	10,355	10,411
Normalized NOPAT Margin	11.39%	11.64%	8.27%	10.94%	12.10%	11.38%	10.98%	14.25%	11.32%	11.33%
Pre Tax Income Margin	11.80%	13.62%	15.12%	14.21%	13.87%	12.89%	12.36%	12.39%	12.48%	13.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.61	7.29	9.34	8.54	10.96	8.94	6.27	12.40	14.63	14.00
NOPAT to Interest Expense	6.37	5.45	4.56	11.34	8.69	7.07	4.68	10.28	11.74	11.30
EBIT Less CapEx to Interest Expense	5.86	5.10	6.92	5.96	6.62	5.23	3.88	7.12	8.14	8.58
NOPAT Less CapEx to Interest Expense	3.61	3.26	2.14	8.75	4.35	3.36	2.29	5.00	5.24	5.88
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	73.44%	66.26%	91.12%	39.25%	72.13%	76.78%	75.73%	68.75%	72.99%	75.10%
Augmented Payout Ratio	164.33%	113.29%	131.87%	55.18%	112.93%	104.66%	77.11%	85.45%	83.91%	85.49%

This table displays calculated financial ratios and metrics derived from PepsiCo's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.83%	10.88%	10.16%	10.37%	6.75%	-0.52%	2.26%	0.80%	-0.57%	-0.24%
EBITDA Growth	2.17%	-46.98%	-42.68%	59.75%	18.94%	50.08%	2.62%	9.01%	-2.99%	23.38%
EBIT Growth	2.32%	-68.19%	-48.93%	79.23%	21.59%	106.50%	1.00%	8.85%	-5.03%	33.69%
NOPAT Growth	22.70%	-60.17%	-52.93%	76.47%	13.05%	68.68%	5.62%	12.29%	-4.36%	31.26%
Net Income Growth	21.44%	-60.10%	-54.51%	91.63%	14.39%	147.48%	5.61%	11.66%	-5.49%	15.86%
EPS Growth	21.88%	-60.00%	-54.25%	93.20%	14.87%	144.74%	5.71%	12.06%	-4.91%	19.35%
Operating Cash Flow Growth	3.05%	-9.57%	-125.29%	17.32%	26.80%	29.01%	-165.56%	-2.28%	-12.58%	8.17%
Free Cash Flow Firm Growth	-39.15%	-87.65%	-114.41%	-116.20%	21.19%	-1,378.76%	-72.01%	107.67%	-129.06%	209.02%
Invested Capital Growth	4.13%	1.72%	5.73%	6.59%	4.32%	4.39%	6.64%	6.18%	6.77%	2.40%
Revenue Q/Q Growth	8.63%	27.42%	-36.26%	25.08%	5.07%	18.75%	-34.47%	23.29%	3.64%	19.15%
EBITDA Q/Q Growth	45.86%	-54.17%	79.21%	33.36%	8.59%	-42.17%	22.54%	41.66%	-3.36%	-26.45%
EBIT Q/Q Growth	61.59%	-75.69%	230.06%	38.25%	9.63%	-58.72%	61.44%	48.99%	-4.35%	-41.89%
NOPAT Q/Q Growth	74.82%	-69.82%	138.19%	40.42%	11.99%	-54.97%	49.15%	49.28%	-4.62%	-38.19%
Net Income Q/Q Growth	88.38%	-80.36%	263.36%	42.54%	12.45%	-57.51%	55.06%	50.71%	-4.82%	-47.91%
EPS Q/Q Growth	89.32%	-80.51%	268.42%	42.14%	12.56%	-58.48%	59.14%	50.68%	-4.48%	-47.89%
Operating Cash Flow Q/Q Growth	115.33%	1.81%	-108.70%	715.05%	132.73%	3.58%	-117.91%	326.32%	108.19%	28.18%
Free Cash Flow Firm Q/Q Growth	-53.98%	-94.59%	-1,465.58%	52.35%	444.23%	-157.09%	-83.68%	102.12%	-1,404.30%	314.17%
Invested Capital Q/Q Growth	-0.67%	-1.01%	5.62%	2.65%	-2.79%	-0.95%	7.89%	2.21%	-2.25%	-5.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.08%	52.06%	55.24%	54.66%	54.48%	52.97%	54.81%	55.92%	55.42%	52.56%
EBITDA Margin	18.82%	6.77%	19.03%	20.29%	20.97%	10.21%	19.10%	21.94%	20.46%	12.63%
Operating Margin	15.26%	2.91%	14.73%	16.39%	17.12%	6.04%	14.89%	17.99%	16.60%	8.10%
EBIT Margin	15.26%	2.91%	15.07%	16.66%	17.38%	6.04%	14.89%	17.99%	16.60%	8.10%
Profit (Net Income) Margin	12.40%	1.91%	10.89%	12.41%	13.29%	4.75%	11.25%	13.75%	12.63%	5.52%
Tax Burden Percent	85.15%	105.73%	78.07%	78.77%	80.39%	86.37%	79.79%	79.95%	79.72%	84.80%
Interest Burden Percent	95.41%	62.09%	92.57%	94.60%	95.07%	91.09%	94.70%	95.60%	95.40%	80.40%
Effective Tax Rate	14.85%	-5.73%	21.93%	21.23%	19.61%	13.63%	20.21%	20.05%	20.28%	15.20%
Return on Invested Capital (ROIC)	22.91%	5.60%	20.56%	23.11%	25.49%	9.75%	20.87%	24.72%	23.30%	12.46%
ROIC Less NNEP Spread (ROIC-NNEP)	22.47%	4.54%	20.22%	22.77%	25.13%	9.33%	20.53%	24.31%	22.87%	11.30%
Return on Net Nonoperating Assets (RNNOA)	38.24%	8.36%	35.88%	40.05%	40.10%	16.12%	38.52%	45.31%	39.05%	19.78%
Return on Equity (ROE)	61.14%	13.96%	56.44%	63.16%	65.59%	25.87%	59.39%	70.03%	62.35%	32.24%
Cash Return on Invested Capital (CROIC)	19.15%	18.61%	9.34%	10.67%	13.87%	15.33%	12.18%	12.83%	12.49%	18.14%
Operating Return on Assets (OROA)	13.60%	2.73%	14.27%	15.89%	16.38%	5.74%	14.17%	16.95%	15.23%	7.44%
Return on Assets (ROA)	11.05%	1.79%	10.31%	11.84%	12.52%	4.51%	10.71%	12.95%	11.58%	5.07%
Return on Common Equity (ROCE)	60.66%	13.86%	56.04%	62.71%	65.04%	25.68%	58.94%	69.52%	61.84%	32.01%
Return on Equity Simple (ROE_SIMPLE)	51.56%	0.00%	39.02%	45.09%	44.49%	0.00%	48.64%	49.30%	48.40%	0.00%
Net Operating Profit after Tax (NOPAT)	2,855	862	2,053	2,882	3,228	1,454	2,168	3,236	3,087	1,908
NOPAT Margin	13.00%	3.08%	11.50%	12.91%	13.76%	5.22%	11.88%	14.38%	13.24%	6.87%
Net Nonoperating Expense Percent (NNEP)	0.44%	1.06%	0.34%	0.35%	0.37%	0.42%	0.34%	0.41%	0.43%	1.16%
Return On Investment Capital (ROIC_SIMPLE)	-	1.53%	-	-	-	2.32%	-	-	-	3.05%
Cost of Revenue to Revenue	46.92%	47.94%	44.76%	45.34%	45.52%	47.03%	45.19%	44.08%	44.58%	47.44%
SG&A Expenses to Revenue	37.75%	43.57%	40.51%	38.27%	37.36%	43.60%	39.92%	37.93%	38.81%	44.34%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	37.82%	49.15%	40.51%	38.27%	37.36%	46.93%	39.92%	37.93%	38.81%	44.46%
Earnings before Interest and Taxes (EBIT)	3,353	815	2,690	3,719	4,077	1,683	2,717	4,048	3,872	2,250
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,135	1,895	3,396	4,529	4,918	2,844	3,485	4,937	4,771	3,509
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.81	13.67	13.95	14.06	12.51	12.23	12.32	11.58	12.52	11.63
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.68	2.71	2.70	2.76	2.57	2.47	2.55	2.45	2.65	2.28
Price to Earnings (P/E)	23.06	26.31	36.12	31.48	28.39	24.94	25.55	23.66	26.03	21.90
Dividend Yield	2.74%	2.66%	2.67%	2.61%	2.83%	3.00%	2.96%	3.14%	2.95%	3.49%
Earnings Yield	4.34%	3.80%	2.77%	3.18%	3.52%	4.01%	3.91%	4.23%	3.84%	4.57%
Enterprise Value to Invested Capital (EV/IC)	5.24	5.52	5.36	5.45	5.29	5.12	4.99	4.73	5.16	4.72
Enterprise Value to Revenue (EV/Rev)	3.03	3.06	3.08	3.14	2.91	2.80	2.93	2.83	3.03	2.63
Enterprise Value to EBITDA (EV/EBITDA)	15.39	17.72	22.23	20.46	18.35	16.52	17.22	16.18	17.34	14.48
Enterprise Value to EBIT (EV/EBIT)	19.12	22.71	30.57	27.06	24.02	21.37	22.33	20.94	22.57	18.78
Enterprise Value to NOPAT (EV/NOPAT)	23.03	27.39	36.94	32.97	29.83	26.65	27.72	25.88	27.97	23.27
Enterprise Value to Operating Cash Flow (EV/OCF)	22.46	24.46	25.61	25.85	22.00	19.06	21.07	20.48	23.11	19.32
Enterprise Value to Free Cash Flow (EV/FCFF)	27.89	29.90	58.98	52.68	38.92	34.11	42.34	37.98	42.62	26.31
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.05	2.26	2.43	2.45	2.36	2.37	2.39	2.29	2.30	2.44
Long-Term Debt to Equity	1.89	2.06	2.18	2.02	1.89	2.02	1.96	1.87	1.96	2.05
Financial Leverage	1.70	1.84	1.77	1.76	1.60	1.73	1.88	1.86	1.71	1.75
Leverage Ratio	5.34	5.52	5.24	5.18	5.10	5.37	5.31	5.22	5.20	5.43
Compound Leverage Factor	5.10	3.43	4.85	4.90	4.85	4.89	5.03	5.00	4.96	4.37
Debt to Total Capital	67.22%	69.34%	70.86%	70.99%	70.24%	70.30%	70.50%	69.65%	69.66%	70.92%
Short-Term Debt to Total Capital	5.33%	6.06%	7.26%	12.39%	14.02%	10.38%	12.54%	12.85%	10.10%	11.34%
Long-Term Debt to Total Capital	61.90%	63.28%	63.60%	58.60%	56.22%	59.92%	57.96%	56.80%	59.56%	59.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.27%	0.22%	0.23%	0.23%	0.26%	0.21%	0.22%	0.21%	0.24%	0.21%
Common Equity to Total Capital	32.51%	30.44%	28.91%	28.78%	29.50%	29.49%	29.28%	30.15%	30.10%	28.88%
Debt to EBITDA	2.38	2.62	3.42	3.15	3.08	2.84	2.93	2.79	2.81	2.66
Net Debt to EBITDA	1.78	2.00	2.74	2.47	2.17	1.92	2.22	2.21	2.14	1.90
Long-Term Debt to EBITDA	2.19	2.39	3.07	2.60	2.46	2.42	2.41	2.27	2.40	2.23
Debt to NOPAT	3.57	4.05	5.69	5.08	5.00	4.59	4.72	4.46	4.53	4.27
Net Debt to NOPAT	2.66	3.09	4.55	3.98	3.52	3.10	3.58	3.53	3.45	3.05
Long-Term Debt to NOPAT	3.28	3.69	5.10	4.19	4.00	3.91	3.88	3.63	3.87	3.58
Altman Z-Score	3.78	3.81	3.90	3.93	3.73	3.54	3.68	3.69	3.82	3.49
Noncontrolling Interest Sharing Ratio	0.79%	0.69%	0.71%	0.72%	0.85%	0.72%	0.76%	0.73%	0.82%	0.72%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.92	0.80	0.87	0.84	0.88	0.85	0.86	0.83	0.89	0.82
Quick Ratio	0.68	0.58	0.61	0.60	0.68	0.66	0.64	0.60	0.66	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	937	51	-692	-330	1,136	-648	-1,191	25	-330	707
Operating Cash Flow to CapEx	424.66%	170.84%	-69.75%	296.56%	544.23%	199.45%	-171.50%	243.64%	446.31%	272.99%
Free Cash Flow to Firm to Interest Expense	4.93	0.19	-3.46	-1.64	5.65	-2.99	-5.90	0.11	-1.51	2.68
Operating Cash Flow to Interest Expense	23.29	16.50	-1.96	12.00	27.92	26.78	-5.15	10.07	22.40	23.81
Operating Cash Flow Less CapEx to Interest Expense	17.81	6.84	-4.77	7.95	22.79	13.35	-8.16	5.94	17.38	15.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.94	0.95	0.95	0.94	0.95	0.95	0.94	0.92	0.92
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	8.37	8.48	7.87	7.43	7.98	7.94	7.48	7.07	7.44	7.85
Fixed Asset Turnover	3.80	3.70	3.81	3.82	3.85	3.56	3.60	3.57	3.53	3.34
Accounts Payable Turnover	1.84	1.82	1.96	1.94	1.82	1.73	1.93	1.87	1.75	1.68
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	43.59	43.04	46.41	49.10	45.74	46.00	48.79	51.59	49.07	46.52
Days Payable Outstanding (DPO)	197.91	200.28	186.01	188.43	200.07	211.38	188.94	195.23	208.14	216.81
Cash Conversion Cycle (CCC)	-154.33	-157.25	-139.60	-139.33	-154.33	-165.38	-140.15	-143.64	-159.07	-170.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	48,414	47,923	50,615	51,954	50,506	50,025	53,974	55,165	53,923	51,226
Invested Capital Turnover	1.76	1.82	1.79	1.79	1.85	1.87	1.76	1.72	1.76	1.81
Increase / (Decrease) in Invested Capital	1,918	811	2,745	3,212	2,092	2,102	3,359	3,211	3,417	1,201
Enterprise Value (EV)	253,481	264,405	271,260	282,984	267,028	256,167	269,581	260,923	278,059	241,602
Market Capitalization	224,044	234,444	237,687	248,715	235,328	226,261	234,654	225,204	243,589	209,763
Book Value per Share	$13.75	$12.45	$12.37	$12.84	$13.66	$13.46	$13.85	$14.14	$14.16	$13.15
Tangible Book Value per Share	($12.00)	($12.08)	($12.03)	($11.52)	($10.60)	($10.29)	($9.78)	($9.48)	($9.55)	($10.42)
Total Capital	58,380	56,344	58,942	61,446	63,744	62,742	65,058	64,507	64,619	62,477
Total Debt	39,245	39,071	41,767	43,621	44,774	44,105	45,868	44,927	45,014	44,306
Total Long-Term Debt	36,136	35,657	37,486	36,008	35,837	37,595	37,707	36,638	38,490	37,224
Net Debt	29,279	29,837	33,440	34,129	31,536	29,772	34,784	35,585	34,318	31,709
Capital Expenditures (CapEx)	1,042	2,637	562	813	1,031	2,914	607	967	1,099	2,303
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5,743	-7,180	-4,333	-3,505	-5,357	-8,190	-4,418	-3,824	-4,990	-7,894
Debt-free Net Working Capital (DFNWC)	999	-1,832	871	2,949	4,926	1,813	3,932	2,844	3,061	1,372
Net Working Capital (NWC)	-2,110	-5,246	-3,410	-4,664	-4,011	-4,697	-4,229	-5,445	-3,463	-5,710
Net Nonoperating Expense (NNE)	131	327	109	111	112	130	115	142	142	374
Net Nonoperating Obligations (NNO)	29,279	30,650	33,440	34,129	31,536	31,388	34,784	35,585	34,318	33,055
Total Depreciation and Amortization (D&A)	782	1,080	706	810	841	1,161	768	889	899	1,259
Debt-free, Cash-free Net Working Capital to Revenue	-6.87%	-8.31%	-4.92%	-3.89%	-5.85%	-8.95%	-4.81%	-4.15%	-5.43%	-8.59%
Debt-free Net Working Capital to Revenue	1.19%	-2.12%	0.99%	3.27%	5.38%	1.98%	4.28%	3.09%	3.33%	1.49%
Net Working Capital to Revenue	-2.52%	-6.07%	-3.87%	-5.17%	-4.38%	-5.14%	-4.60%	-5.92%	-3.77%	-6.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.96	$0.38	$1.40	$1.99	$2.25	$0.95	$1.49	$2.24	$2.13	$1.11
Adjusted Weighted Average Basic Shares Outstanding	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.37B	1.37B
Adjusted Diluted Earnings per Share	$1.95	$0.38	$1.40	$1.99	$2.24	$0.93	$1.48	$2.23	$2.13	$1.11
Adjusted Weighted Average Diluted Shares Outstanding	1.39B	1.39B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B	1.38B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.38B	1.38B	1.38B	1.38B	1.37B	1.37B	1.37B	1.37B	1.37B	1.37B
Normalized Net Operating Profit after Tax (NOPAT)	2,856	1,665	2,053	2,882	3,228	2,254	2,168	3,236	3,087	1,936
Normalized NOPAT Margin	13.00%	5.95%	11.50%	12.91%	13.76%	8.09%	11.88%	14.38%	13.24%	6.97%
Pre Tax Income Margin	14.56%	1.81%	13.95%	15.76%	16.53%	5.50%	14.10%	17.20%	15.84%	6.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	17.65	2.99	13.45	18.50	20.28	7.76	13.45	17.30	17.68	8.52
NOPAT to Interest Expense	15.03	3.16	10.26	14.34	16.06	6.70	10.73	13.83	14.10	7.23
EBIT Less CapEx to Interest Expense	12.16	-6.67	10.64	14.46	15.15	-5.67	10.45	13.17	12.66	-0.20
NOPAT Less CapEx to Interest Expense	9.54	-6.50	7.45	10.29	10.93	-6.73	7.73	9.70	9.08	-1.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	62.07%	68.75%	94.38%	79.93%	78.02%	72.99%	73.85%	72.90%	75.51%	75.10%
Augmented Payout Ratio	73.89%	85.45%	116.44%	95.66%	91.11%	83.91%	84.49%	83.42%	86.23%	85.49%

Frequently Asked Questions About PepsiCo's Financials

When does PepsiCo's fiscal year end?

According to the most recent income statement we have on file, PepsiCo's financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has PepsiCo's net income changed over the last 9 years?

PepsiCo's net income appears to be on an upward trend, with a most recent value of $9.63 billion in 2024, rising from $5.50 billion in 2015. The previous period was $9.16 billion in 2023.

What is PepsiCo's operating income?

PepsiCo's total operating income in 2024 was $12.89 billion, based on the following breakdown:

Total Gross Profit: $50.11 billion
Total Operating Expenses: $37.22 billion

How has PepsiCo revenue changed over the last 9 years?

Over the last 9 years, PepsiCo's total revenue changed from $63.06 billion in 2015 to $91.85 billion in 2024, a change of 45.7%.

How much debt does PepsiCo have?

PepsiCo's total liabilities were at $81.30 billion at the end of 2024, a 0.7% decrease from 2023, and a 41.0% increase since 2015.

How much cash does PepsiCo have?

In the past 9 years, PepsiCo's cash and equivalents has ranged from $4.95 billion in 2022 to $10.61 billion in 2017, and is currently $8.51 billion as of their latest financial filing in 2024.

How has PepsiCo's book value per share changed over the last 9 years?

Over the last 9 years, PepsiCo's book value per share changed from 0.00 in 2015 to 13.15 in 2024, a change of 1,315.0%.

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This page (NASDAQ:PEP) was last updated on 4/13/2025 by MarketBeat.com Staff

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PepsiCo (PEP) Financials

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