Food and beverage · 26/36 against 21/36 checks · to 2026-09-08
KO vs PEP.
Coca-ColaSells concentrate and syrup to bottlers for the world's best-known drinks.
PepsiCoSells Pepsi, Gatorade and the Frito-Lay and Quaker snack brands.→Coca-Cola (KO) and PepsiCo (PEP) are within reach of each other at $380.2B and $189.0B, and on the filings Coca-Cola passes more, 26 checks of 36 against 21.
Which passes more checks?
widest gap first→The two are furthest apart on Trend analysis, where Coca-Cola passes 4 more of the six.
| KO | PEP | |
|---|---|---|
| Trend analysis | 5/6 | 1/6 |
| Value | 1/6 | 3/6 |
| Growth | 4/6 | 2/6 |
| Health | 4/6 | 3/6 |
| Quality | 6/6 | 6/6 |
| Shareholder returns | 6/6 | 6/6 |
| All checks | 26/36 | 21/36 |
→PepsiCo turns over $96.9B to Coca-Cola's $49.3B, 2.0 times as much. Coca-Cola keeps 27.8% of revenue as profit against 10.8% at PepsiCo.
Which is cheaper?
→PepsiCo is the cheaper of the two on earnings, 18.2x against 27.8x. Against their own histories, Coca-Cola is above its 22.2x median and PepsiCo is below its 22.3x.
| KO | PEP | |
|---|---|---|
| Share price | $88.36 | $138.45 |
| Market cap | $380.2B | $189.0B |
| P/E | 27.8x | 18.2x |
| P/E, own median own 11-year median / own 11-year median | 22.2x | 22.3x |
| P/S | 7.7x | 2.0x |
| Free cash flow yield | 3.3% | 4.9% |
Which is growing faster, KO or PEP?
| KO | PEP | |
|---|---|---|
| Revenue (TTM) | $49.3B | $96.9B |
| Revenue growth, 1 year | +5.1% | - |
| Revenue CAGR, 3 years | +3.7% | +2.8% |
| Net income (TTM) | $13.7B | $10.5B |
| Free cash flow (TTM) | $12.6B | $9.3B |
Which balance sheet is stronger?
→Both lean on debt to a similar degree, 1.16x to equity at Coca-Cola and 2.00x at PepsiCo.
| KO | PEP | |
|---|---|---|
| Debt / equity | 1.16x | 2.00x |
| Interest coverage | 8.8x | 12.7x |
| Cash and short-term investments | $12.9B | $10.7B |
Which keeps more of each sale?
→Coca-Cola keeps more of each sale: gross margin of 61.7% against 54.0%, a gap of 8 points that flows into everything below it.
| KO | PEP | |
|---|---|---|
| Gross margin | 61.7% | 54.0% |
| Operating margin | 29.3% | 14.8% |
| Return on equity | 40.7% | 47.3% |
Which hands more back to owners?
→Both pay: PepsiCo yields the more at 4.0% against 2.3%. A yield rises when a price falls, so read it beside the payout checks in each report.
| KO | PEP | |
|---|---|---|
| Dividend yield | 2.3% | 4.0% |
| Payout ratio | 64.1% | 73.1% |
| Years of unbroken dividend | - | - |
Where they differ most
the checks behind the gapTrend analysis: Coca-Cola 4 ahead
- Price above the Kumo cloud $88.36 against a cloud top of $85.67
- Tenkan above the Kijun Tenkan $89.94 above the Kijun $88.83, 57 sessions since they crossed
- The Senkou cloud ahead is rising the Senkou spans already drawn for the next 26 sessions are rising
- Price above the Kumo cloud $138.45, below the cloud bottom of $139.00
- Price above the Tenkan and the Kijun $138.45 against the Tenkan (9 sessions) at $139.09 and the Kijun (26) at $139.82
- Tenkan above the Kijun Tenkan $139.09 below the Kijun $139.82, 2 sessions since they crossed
Value: PepsiCo 2 ahead
- Earnings yield beats a long bond (4%) 5.5% vs 4.0%
- Free cash flow yield above 3% 4.9% vs 3.0%
- Cheap on enterprise value 12.39 vs 14.00 (peer median)
- Earnings yield beats a long bond (4%) 3.6% vs 4.0%
- Cheap on enterprise value 26.20 vs 14.00 (peer median)
- Price isn't outrunning growth PEG 2.42