Keurig Dr Pepper Inc.
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KDP Q4 2025 request
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/api/financials?ticker=KDP&year=2025&quarter=4
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| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Revenue | 4,499 | 4,070 | +10.5% |
Show Product Lines breakouts |
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| Appliances | 205 | 227 | -9.7% |
| Appliances · International | 28 | 29 | -3.4% |
| LRB | 3,027 | 2,714 | +11.5% |
| LRB · International | 367 | 291 | +26.1% |
| Other | 163 | 99 | +64.6% |
| Other · International | 46 | 36 | +27.8% |
| Pods | 1,104 | 1,030 | +7.2% |
| Pods · International | 163 | 143 | +14.0% |
Show Business Segments breakouts |
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| International | 604 | 499 | +21.0% |
| International · Operating Segments | 604 | 499 | +21.0% |
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| Revenue | 1,174 | 1,130 | +3.9% |
| Revenue | 7,623 | 6,494 | +17.4% |
| Revenue | 177 | 198 | -10.6% |
| Revenue | 2,808 | 2,616 | +7.3% |
| Revenue | -2,747 | -2,799 | +1.9% |
| Revenue | 2,426 | 2,306 | +5.2% |
| Revenue | -279 | -373 | +25.2% |
| Revenue | -7,423 | -6,755 | -9.9% |
| Revenue | 1,174 | 1,130 | +3.9% |
| Revenue | 7,623 | 6,494 | +17.4% |
Show Consolidation Items breakouts |
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| Operating Segments | 4,499 | 4,070 | +10.5% |
| Cost of Revenue | 2,080 | 1,793 | +16.0% |
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| International · Operating Segments | 308 | 253 | +21.7% |
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| Cost of Revenue | 704 | 633 | +11.2% |
| Cost of Revenue | 2,557 | 2,031 | +25.9% |
| Gross Profit | 2,419 | 2,277 | +6.2% |
| Selling, General & Administrative | 1,459 | 1,297 | +12.5% |
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| International · Operating Segments | 137 | 121 | +13.2% |
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| Selling, General & Administrative | 179 | 172 | +4.1% |
| Selling, General & Administrative | 2,726 | 2,392 | +14.0% |
| Other Operating Income Expense Net | 1 | 199 | -99.5% |
| Operating Income | 881 | 63 | +1298.4% |
Show Business Segments breakouts |
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| International · Operating Segments | 160 | 126 | +27.0% |
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| Operating Income | 290 | 349 | -16.9% |
| Operating Income | 2,267 | 1,148 | +97.5% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | -306 | -236 | -29.7% |
| Operating Segments | 1,187 | 299 | +297.0% |
| Interest Income Expense Nonoperating Net | 238 | 247 | -3.6% |
| Other Non-Operating Income (Expense) | 186 | -30 | +720.0% |
| Income Before Taxes | 457 | -154 | +396.8% |
| Income Tax Expense (Benefit) | 104 | -10 | +1140.0% |
| Net Income | 353 | -144 | +345.1% |
| EPS (Basic) | 0.26 | -0.1 | +360.0% |
| EPS (Diluted) | 0.26 | -0.11 | +336.4% |
| Wtd Avg Shares (Basic) | 0.1 | -2 | +105.0% |
| Wtd Avg Shares (Diluted) | 0.1 | -2.1 | +104.8% |
| Comprehensive Income | 479 | -434 | +210.4% |
| Other Comprehensive Income (Q) | — | — | — |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | 30 | -4 | +850.0% |
| Accumulated Other Comprehensive Income | 126 | -290 | +143.4% |
| Accumulated Translation Adjustment | 99 | -286 | +134.6% |
Balance Sheet
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,026 | 510 | +101.2% |
| Restricted Cash And Cash Equivalents At Carrying Value | 18 | 80 | -77.5% |
| Accounts Receivable | 1,671 | 1,502 | +11.3% |
Show Related Party Transactions By Related Party breakouts |
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| Related Parties [Member] | 31 | 30 | +3.3% |
| Inventory | 1,733 | 1,299 | +33.4% |
| Prepaid Expenses & Other Current Assets | 818 | 606 | +35.0% |
| Total Current Assets | 5,266 | 3,997 | +31.7% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 3,230 | 2,964 | +9.0% |
Show Geography breakouts |
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| Non Us | 573 | 514 | +11.5% |
| US | 2,657 | 2,450 | +8.4% |
| Goodwill | 20,247 | 20,053 | +1.0% |
Show Business Segments breakouts |
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| International | 2,755 | 2,576 | +6.9% |
| U.S. Coffee | 8,622 | 8,622 | 0.0% |
| U.S. Refreshment Beverages | 8,870 | 8,855 | +0.2% |
| Deferred Tax Assets | 36 | 39 | -7.7% |
| Other Non-Current Assets | 1,295 | 1,200 | +7.9% |
| Total Assets | 55,459 | 53,430 | +3.8% |
| Operating Lease Right-of-Use Assets | 845 | 880 | -4.0% |
| Intangible Assets | 1,135 | 1,108 | +2.4% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Brands | 36 | 19 | +89.5% |
| Contractual Rights | 116 | 123 | -5.7% |
| Customer Relationships | 382 | 396 | -3.5% |
| Distribution Rights | 127 | 43 | +195.3% |
| Other | 22 | — | — |
| Technology Based Intangible Assets | 452 | 525 | -13.9% |
| Other Assets | |||
| Equity Method Investments | 1,660 | 1,543 | +7.6% |
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts |
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| Athletic Brewing | 53 | 47 | +12.8% |
| Chobani | 359 | 313 | +14.7% |
| Nutrabolt | 1,168 | 1,097 | +6.5% |
| Other | 28 | 30 | -6.7% |
| Tractor | 52 | 56 | -7.1% |
| Intangible Assets Net Excluding Goodwill | 23,725 | 23,634 | +0.4% |
| Current Liabilities | |||
| Accounts Payable | 2,996 | 2,985 | +0.4% |
| Accrued Liabilities | 1,379 | 1,584 | -12.9% |
| Structured Payables Current | 25 | 41 | -39.0% |
| Debt Current | 3,105 | 2,642 | +17.5% |
| Other Liabilities Current | 785 | 835 | -6.0% |
| Total Current Liabilities | 8,290 | 8,087 | +2.5% |
Show Consolidated Entities breakouts |
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| Variable Interest Entity Not Primary Beneficiary | 26 | 24 | +8.3% |
| Current Portion of Long-Term Debt | 895 | 1,026 | -12.8% |
Show Long-Term Debt Type breakouts |
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| Senior Notes | 895 | 1,026 | -12.8% |
| Non-Current Liabilities | |||
| Long-Term Debt | 13,036 | 12,912 | +1.0% |
| Deferred Tax Liabilities | 5,526 | 5,435 | +1.7% |
| Other Non-Current Liabilities | 3,091 | 2,753 | +12.3% |
| Total Liabilities | 29,943 | 29,187 | +2.6% |
| Long-Term Debt (Q) | — | — | — |
Show Long-Term Debt Type breakouts |
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| Senior Notes | 13,931 | 12,948 | +7.6% |
| Operating Lease Liabilities | 764 | 790 | -3.3% |
| Stockholders' Equity | |||
| Common Stock | 14 | 14 | 0.0% |
| Additional Paid In Capital Common Stock | 19,778 | 19,712 | +0.3% |
| Retained Earnings | 5,622 | 4,793 | +17.3% |
| Accumulated Other Comprehensive Income | 102 | -276 | +137.0% |
| Total Stockholders' Equity | 25,516 | 24,243 | +5.3% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -16 | -14 | -14.3% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | 127 | 148 | -14.2% |
| Accumulated Other Comprehensive Income | 102 | -276 | +137.0% |
| Accumulated Translation Adjustment | -9 | -410 | +97.8% |
| Additional Paid In Capital | 19,778 | 19,712 | +0.3% |
| Common Stock | 14 | 14 | 0.0% |
| Retained Earnings | 5,622 | 4,793 | +17.3% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 25,516 | 24,243 | +5.3% |
| Total Liabilities & Equity | 55,459 | 53,430 | +3.8% |
Cash Flow Statement
| Metric | YTD Q4 2025 | YTD Q4 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation | 119 | 112 | +6.2% |
| Amortization Of Intangible Assets | 37 | 33 | +12.1% |
| Other Amortization Of Deferred Charges | 43 | 38 | +13.2% |
| Provision For Other Losses | 18 | 20 | -10.0% |
| Deferred Income Taxes And Tax Credits | 84 | -275 | +130.5% |
| Stock-Based Compensation | 27 | 22 | +22.7% |
| Gain Loss On Sale Of Property Plant Equipment | 1 | -3 | +133.3% |
| Foreign Currency Transaction Gain Loss Unrealized | -13 | 19 | -168.4% |
| Income Loss From Equity Method Investments | 19 | 20 | -5.0% |
| Change in Accounts Receivable | 186 | 61 | +204.9% |
| Change in Inventory | -113 | -128 | +11.7% |
| Increase Decrease In Accrued Income Taxes Payable | -114 | 140 | -181.4% |
| Increase Decrease In Other Operating Assets | 33 | 23 | +43.5% |
| Increase Decrease In Other Accounts Payable And Accrued Liabilities | -72 | 79 | -191.1% |
| Increase Decrease In Operating Capital | 132 | -300 | +144.0% |
| Net Cash from Operations | 712 | 849 | -16.1% |
| Investing Activities | |||
| Payments To Acquire Businesses Net Of Cash Acquired | 35 | 915 | -96.2% |
| Capital Expenditures | 148 | 165 | -10.3% |
| Proceeds From Sale Of Property Plant And Equipment | 0 | -3 | +100.0% |
| Payments To Acquire Intangible Assets | 1 | 10 | -90.0% |
| Payments To Acquire Equity Method Investments | 0 | 0 | — |
| Net Cash from Investing | -183 | -1,076 | +83.0% |
| Financing Activities | |||
| Proceeds From Issuance Of Senior Long Term Debt | 0 | 0 | — |
| Repayments Of Senior Debt | -500 | 0 | — |
| Proceeds From Repayments Of Commercial Paper | 819 | -327 | +350.5% |
| Proceeds From Notes Payable | 8 | 10 | -20.0% |
| Repayments Of Notes Payable | 13 | 40 | -67.5% |
| Payments Of Dividends | 313 | 311 | +0.6% |
| Share Repurchases | 0 | -5 | +100.0% |
| Tax Withholding for Share Compensation | 2 | 3 | -33.3% |
| Finance Lease Principal Payments | -33 | -32 | -3.1% |
| Debt Issuance Costs | 31 | 0 | — |
| Proceeds From Payments For Other Financing Activities | 0 | -1 | +100.0% |
| Net Cash from Financing | -65 | 281 | -123.1% |
| Supplemental | |||
| Unpaid Capital Expenditures | 53 | 56 | -5.4% |
| Dividends Payable Current And Noncurrent | 312 | 312 | 0.0% |
| Interest Paid | 217 | 186 | +16.7% |
| Other Cash Flow | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | 464 | 54 | +759.3% |
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 11 | -6 | +283.3% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,044 | 608 | +71.7% |
Values in millions USD. Source: SEC EDGAR 10-K filing.