Filing Flows › Comparisons › PEP vs STZ
PepsiCo vs Constellation Brands: PEP and STZ compared
PepsiCo is the larger company: $25.3B of revenue in its latest quarter (Q3 2026) against $2.8B for Constellation Brands (Q2 FY27). Constellation Brands is growing faster (+6% against +6% a year earlier). Constellation Brands is more profitable, with an operating margin of 28.6% against 16.9%.
Where the money goes: PEP and STZ
PepsiCo (PEP) · Q3 2026
PepsiCo, Q3 2026: revenue $25.3B (+6% year over year), operating margin 16.9%, net earnings $3.1B, operating cash flow $5.6B. The chart follows the revenue to costs, profit and cash.
Constellation Brands (STZ) · Q2 FY27
Constellation Brands, Q2 FY27: revenue $2.8B (+6% year over year), operating margin 28.6%, net earnings $566M, operating cash flow $817M. The chart follows the revenue to costs, profit and cash.
| PepsiCo (PEP) | Constellation Brands (STZ) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $25.3B | $2.8B |
| Revenue growth, Y/Y | +6% | +6% |
| Gross margin | 54.4% | 49.5% |
| Operating margin | 16.9% | 28.6% |
| Net earnings | $3.1B | $566M |
| Net margin | 12.1% | 20.1% |
| Operating cash flow | $5.6B | $817M |
| Free cash flow | $4.7B | $640M |
| Market value | $195.8B | $24.0B |
| P/E | 17.9× | 12.5× |
| Analysts’ mean target | $141.59 | $152.91 |
Questions
Which is bigger, PepsiCo or Constellation Brands?
PepsiCo is the larger company: $25.3B of revenue in its latest quarter (Q3 2026) against $2.8B for Constellation Brands (Q2 FY27).
Is PepsiCo or Constellation Brands growing faster?
Constellation Brands is growing faster (+6% against +6% a year earlier).
Which is more profitable, PepsiCo or Constellation Brands?
Constellation Brands is more profitable, with an operating margin of 28.6% against 16.9%.
More: PepsiCo earnings · how PepsiCo makes money · Constellation Brands earnings · how Constellation Brands makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 8, 2026; 10-Q filed Oct 7, 2026). Fiscal quarters can end on different dates. Not investment advice.