| Stage | PEP | % of rev | KO | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $25.3B | 100.00% | $13.4B | 100.00% | PEP ×1.89 |
| Gross profit | $13.8B | 54.42% | $8.4B | 63.15% | KO +8.7pp |
| Operating income | $4.3B | 16.86% | $4.5B | 33.37% | KO +16.5pp |
| Pre-tax income | $3.9B | 15.45% | $4.8B | 36.12% | KO +20.7pp |
| Net income | $3.1B | 12.15% | $4.1B | 30.31% | KO +18.2pp |
| Stage | PEP | KO | Gap · A − B |
|---|---|---|---|
| Revenue | $25.3B100.00% | $13.4B100.00% | PEP ×1.89 |
| Gross profit | 54.42%$13.8B | 63.15%$8.4B | KO +8.7pp |
| Operating income | 16.86%$4.3B | 33.37%$4.5B | KO +16.5pp |
| Pre-tax income | 15.45%$3.9B | 36.12%$4.8B | KO +20.7pp |
| Net income |
| 12.15%$3.1B |
| 30.31%$4.1B |
| KO +18.2pp |
PEP · GPK 10-KMar 2 '26
“The beverage companies include Anheuser-Busch Inbev, MillerCoors LLC, PepsiCo, Inc. and The Coca-Cola Company, among others.”
KO · GPK 10-KMar 2 '26
“The beverage companies include Anheuser-Busch Inbev, MillerCoors LLC, PepsiCo, Inc. and The Coca-Cola Company, among others.”
PEP · JJSF 10-KNov 26 '25
“Syrup for frozen beverages is purchased primarily from The Coca-Cola Company, Keurig Dr. Pepper, Inc., the Pepsi Cola Company, and Jogue, Inc.”
KO · JJSF 10-KNov 26 '25
“Syrup for frozen beverages is purchased primarily from The Coca-Cola Company, Keurig Dr. Pepper, Inc., the Pepsi Cola Company, and Jogue, Inc.”