Keurig Dr Pepper Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.60B | $15.35B | $14.81B | $14.06B | $12.68B | $11.62B | $11.12B | $7.44B |
| Cost of Revenue | $7.60B | $6.82B | $6.73B | $6.73B | $5.71B | $5.13B | $4.78B | $3.56B |
| Gross Profit | $9.00B | $8.53B | $8.08B | $7.32B | $6.98B | $6.49B | $6.34B | $3.88B |
| Gross Margin | 54.2% | 55.6% | 54.5% | 52.1% | 55.0% | 55.8% | 57.0% | 52.2% |
| Operating Expenses | ||||||||
| Research & Development | $70.0M | $70.0M | $66.0M | $65.0M | $66.0M | $69.0M | $81.0M | $64.0M |
| SG&A Expense | $5.35B | $5.01B | $4.91B | $4.65B | $4.15B | $3.98B | $3.96B | $2.64B |
| Operating Income | $3.58B | $2.59B | $3.19B | $2.61B | $2.89B | $2.48B | $2.38B | $1.24B |
| Operating Margin | 21.5% | 16.9% | 21.5% | 18.5% | 22.8% | 21.3% | 21.4% | 16.6% |
| Interest Expense | — | — | $496.0M | $693.0M | $500.0M | $604.0M | $654.0M | $401.0M |
| Pretax Income | $2.69B | $1.91B | $2.76B | $1.72B | $2.80B | $1.75B | $1.69B | $791.0M |
| Income Tax Expense | $608.0M | $473.0M | $576.0M | $284.0M | $653.0M | $428.0M | $440.0M | $202.0M |
| Net Income | $2.08B | $1.44B | $2.18B | $1.44B | $2.15B | $1.33B | $1.25B | $586.0M |
| Net Margin | 12.5% | 9.4% | 14.7% | 10.2% | 16.9% | 11.4% | 11.3% | 7.9% |
| EPS (Basic) | $1.53 | $1.06 | $1.56 | $1.01 | $1.52 | $0.94 | $0.89 | $0.54 |
| EPS (Diluted) | $1.53 | $1.05 | $1.55 | $1.01 | $1.50 | $0.93 | $0.88 | $0.53 |
| Shares Outstanding (Basic) | 1.36B | 1.36B | 1.40B | 1.42B | 1.42B | 1.41B | 1.41B | 1.09B |
| Shares Outstanding (Diluted) | 1.36B | 1.37B | 1.41B | 1.43B | 1.43B | 1.42B | 1.42B | 1.10B |
| Dividends Per Share | $0.92 | $0.89 | $0.83 | $0.78 | $0.71 | $0.60 | $0.60 | — |