Filing Flows › Comparisons › KO vs KDP
Coca Cola vs Keurig Dr Pepper: KO and KDP compared
Coca Cola is the larger company: $13.4B of revenue in its latest quarter (Q3 2026) against $7.3B for Keurig Dr Pepper (Q3 2026). Keurig Dr Pepper is growing faster (+71% against +7% a year earlier). Coca Cola is more profitable, with an operating margin of 33.4% against 18.2%.
Where the money goes: KO and KDP
Coca Cola (KO) · Q3 2026
Coca Cola, Q3 2026: revenue $13.4B (+7% year over year), operating margin 33.4%, net earnings $4.0B, operating cash flow $4.9B. The chart follows the revenue to costs, profit and cash.
Keurig Dr Pepper (KDP) · Q3 2026
Keurig Dr Pepper, Q3 2026: revenue $7.3B (+71% year over year), operating margin 18.2%, net earnings $882M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Coca Cola (KO) | Keurig Dr Pepper (KDP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $13.4B | $7.3B |
| Revenue growth, Y/Y | +7% | +71% |
| Gross margin | 63.2% | 48.0% |
| Operating margin | 33.4% | 18.2% |
| Net earnings | $4.0B | $882M |
| Net margin | 30.0% | 12.0% |
| Operating cash flow | $4.9B | $1.0B |
| Free cash flow | $4.5B | $884M |
| Market value | $412.7B | $50.3B |
| P/E | 28.1× | 33.7× |
| Analysts’ mean target | $97.75 | $38.08 |
Where the revenue comes from
Coca Cola
- Concentrate operations: $8.2B (61%)
- Finished product operations: $5.2B (39%)
Keurig Dr Pepper
- U.S. Refreshment Beverages: $3.0B (41%)
- JDE Peet's: $2.6B (36%)
- U.S. Coffee: $1.0B (14%)
- KDP International: $644M (9%)
Questions
Which is bigger, Coca Cola or Keurig Dr Pepper?
Coca Cola is the larger company: $13.4B of revenue in its latest quarter (Q3 2026) against $7.3B for Keurig Dr Pepper (Q3 2026).
Is Coca Cola or Keurig Dr Pepper growing faster?
Keurig Dr Pepper is growing faster (+71% against +7% a year earlier).
Which is more profitable, Coca Cola or Keurig Dr Pepper?
Coca Cola is more profitable, with an operating margin of 33.4% against 18.2%.
More: Coca Cola earnings · how Coca Cola makes money · Keurig Dr Pepper earnings · how Keurig Dr Pepper makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 8-K filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.