---
title: "Keurig Dr Pepper: Metrics Guide"
description: "Keurig Dr Pepper revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained."
canonical: https://www.getswoopr.com/stocks/companies/keurig-dr-pepper/metrics/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Keurig Dr Pepper: Financial & Operating Metrics Guide

## Direct Answer

Keurig Dr Pepper reported revenue of $16.6 billion for the fiscal year ended December 31, 2025, with an operating margin of 21.5% and net income of $2.1 billion, according to its SEC filings. Revenue grew 8.2% from the prior year.

## What Are Keurig Dr Pepper's Key Financial Figures?

| Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 |
| --- | --- | --- | --- | --- |
| Revenue | $16.6 billion | $15.4 billion | $14.8 billion | $14.1 billion |
| Operating income | $3.6 billion | $2.6 billion | $3.2 billion | $2.6 billion |
| Operating margin | 21.5% | 16.9% | 21.5% | 18.5% |
| Net income | $2.1 billion | $1.4 billion | $2.2 billion | $1.4 billion |
| Net margin | 12.5% | 9.4% | 14.7% | 10.2% |
| Operating cash flow | $2.0 billion | $2.2 billion | $1.3 billion | $2.8 billion |
| Capital expenditures | $486 million | $563 million | $425 million | $353 million |
| Free cash flow | $1.5 billion | $1.7 billion | $904 million | $2.5 billion |

Operating margin widened by 4.7 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $1.5 billion against net income of $2.1 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement.

![Bar chart of Keurig Dr Pepper revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $16.6 billion, operating income $3.6 billion and net income $2.1 billion.](https://www.getswoopr.com/images/charts/keurig-dr-pepper-metrics-revenue-profit.webp)
*Keurig Dr Pepper revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.*

![Line chart of Keurig Dr Pepper operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 21.5% and net margin was 12.5%.](https://www.getswoopr.com/images/charts/keurig-dr-pepper-metrics-margins.webp)
*Keurig Dr Pepper operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.*

![Bar chart of Keurig Dr Pepper operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $2.0 billion, capital expenditures was $486 million, free cash flow was $1.5 billion.](https://www.getswoopr.com/images/charts/keurig-dr-pepper-metrics-cash-flow.webp)
*Keurig Dr Pepper operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.*

## What Does Keurig Dr Pepper's Balance Sheet Show?

| Cash and cash equivalents | $1.0 billion |
| --- | --- |
| Long-term debt | $13.0 billion |
| Total assets | $55.5 billion |
| Total liabilities | $29.9 billion |
| Shareholders' equity | $25.5 billion |
| Current ratio | 0.6x |

Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.

## Where These Numbers Come From

Every figure on this page is a value Keurig Dr Pepper reported in its own SEC filings, read from the SEC's XBRL data (accession 0001418135-26-000016 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.

Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What was Keurig Dr Pepper's revenue in fiscal 2025?

Keurig Dr Pepper reported revenue of $16.6 billion for the fiscal year ended December 31, 2025, according to its SEC filings.

### What is Keurig Dr Pepper's operating margin?

Keurig Dr Pepper's operating margin was 21.5% in fiscal 2025: operating income of $3.6 billion on revenue of $16.6 billion.

### How much free cash flow did Keurig Dr Pepper generate?

Operating cash flow of $2.0 billion less capital expenditures of $486 million gives free cash flow of $1.5 billion for fiscal 2025.

## References

- [SEC EDGAR: Keurig Dr Pepper Inc. Form 10-K filed February 24, 2026](https://www.sec.gov/Archives/edgar/data/1418135/000141813526000016/kdp-20251231.htm)
- [SEC EDGAR: Keurig Dr Pepper Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1418135&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)

## Related Pages

- [Keurig Dr Pepper company dossier](https://www.getswoopr.com/stocks/companies/keurig-dr-pepper/)
- [Keurig Dr Pepper financial metrics](https://www.getswoopr.com/stocks/companies/keurig-dr-pepper/metrics/)
- [Keurig Dr Pepper financial risk indicators](https://www.getswoopr.com/stocks/companies/keurig-dr-pepper/risks/)
- [Keurig Dr Pepper peer comparison](https://www.getswoopr.com/stocks/companies/keurig-dr-pepper/competitors/)
- [Keurig Dr Pepper business model and revenue mix](https://www.getswoopr.com/stocks/companies/keurig-dr-pepper/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).