Coca Cola vs Pepsico (KO vs PEP)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Pepsico is the larger company by revenue ($93.9B vs $47.9B). Coca Cola carries the larger market value ($378.6B vs $191.0B). Coca Cola has grown revenue faster over the last 4 fiscal years (+24.0% cumulative vs +18.2%). Coca Cola runs the higher operating margin (28.7% vs 12.2%). Pepsico trades at the lower trailing P/E (18.3x vs 26.6x).
About Coca Cola
The Coca-Cola Company is a global beverage company that owns and markets a wide range of nonalcoholic beverage brands, including Coca-Cola, Sprite, Fanta, and Diet Coke. It operates through concentrate operations that sell beverage bases and syrups to bottling partners, who produce and distribute finished beverages to retailers worldwide. The company serves consumers in over 200 countries and also has operations in alcoholic ready-to-drink beverages in select markets.
About Pepsico
PepsiCo Inc is a global beverage and convenient food company that produces, markets, distributes, and sells a wide range of products including snacks, cereals, beverages, and refrigerated dips. Its portfolio includes brands such as Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo serves customers and consumers in over 200 countries through various segments focused on North America, Latin America, Europe, Middle East, Africa, and Asia Pacific regions.
Head to head (KO FY2025 vs PEP FY2025)
| Metric | KOFY2025 | PEPFY2025 |
|---|---|---|
| Revenue | $47.94B | $93.92B |
| Revenue growth (YoY) | 1.9% | 2.3% |
| Gross margin | 61.6% | 54.1% |
| Operating margin | 28.7% | 12.2% |
| Net margin | 27.3% | 8.8% |
| Net income | $13.11B | $8.24B |
| Diluted EPS | $3.04 | $6.00 |
| FCF margin | 11.0% | 8.2% |
| ROE | 38.2% | 40.1% |
| Long-term debt / equity | 1.23× | 2.06× |
| Market cap | $378.62B | $190.95B |
| P/E | 26.6× | 18.3× |
Fundamentals are from each company’s SEC filings (KO FY2025, PEP FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| KO | $38.66B | $43.00B | $45.75B | $47.06B | $47.94B |
| PEP | $79.47B | $86.39B | $91.47B | $91.85B | $93.92B |
Peer standing
Where each company ranks among the 113 Consumer Staples companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | KO | PEP |
|---|---|---|
| Gross margin | 61.6%95th percentile of 97 | 54.1%86th percentile of 97 |
| Operating margin | 28.7%96th percentile of 100 | 12.2%77th percentile of 100 |
| Net margin | 27.3%95th percentile of 105 | 8.8%75th percentile of 105 |
| FCF margin | 11.0%82nd percentile of 99 | 8.2%64th percentile of 99 |
| Revenue growth (YoY) | +1.9%44th percentile of 110 | +2.3%47th percentile of 110 |
| ROE | 38.2%94th percentile of 99 | 40.1%95th percentile of 99 |
| P/E | 26.6×64th percentile of 73 | 18.3×43rd percentile of 73 |
| Long-term debt / equity | 1.23×75th percentile of 74 | 2.06×88th percentile of 74 |
| Short interest (days to cover) | 2.75d33rd percentile of 111 | 3.84d48th percentile of 111 |
Short interest
| FINRA settlement data | KO | PEP |
|---|---|---|
| Shares sold short | 39.2M | 23.6M |
| Change vs prior settlement | -12.5% | -19.8% |
| Days to cover | 2.75 | 3.84 |
| As of settlement | 2026-08-14 | 2026-08-14 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | KO | PEP |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 22 ($149.5M) | 1 ($404,674) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
9 tracked 13F managers hold both Coca Cola and Pepsico as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Dodge & Cox, Gotham Asset Management, Millennium Management, Two Sigma Investments, Yacktman Asset Management. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.