Last 48 quarters of trend data · Consumer Defensive · Beverages - Non-Alcoholic
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
PepsiCo, Inc.'s quarterly P/E stands at 19.4x, down 43.3% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 28.29 | 19.43 | 19.26 | 35.56 | 27.34 | 34.25 | 20.81 | 18.36 | 29.06 | 45.17 | 19.67 | 23.37 | 31.98 |
| — | -43.3% | -7.5% | +93.6% | -5.9% | -24.2% | +5.8% | -21.4% | -9.1% | -63.0% | -10.1% | -40.8% | +140.5% | |
| P/S Ratio | 2.47 | 1.68 | 2.10 | 1.98 | 2.79 | 1.89 | 2.62 | 2.51 | 3.25 | 2.11 | 2.60 | 2.88 | 3.47 |
| — | -10.9% | -19.9% | -21.2% | -14.1% | -10.5% | +0.8% | -13.0% | -6.3% | -5.8% | -3.5% | +3.3% | -0.6% | |
| P/B Ratio | 11.33 | 9.59 | 10.28 | 9.69 | 10.80 | 11.53 | 12.46 | 11.54 | 12.37 | 12.59 | 12.85 | 14.44 | 14.43 |
| — | -16.8% | -17.6% | -16.0% | -12.7% | -8.4% | -3.0% | -20.1% | -14.3% | -13.1% | +3.9% | +19.5% | +16.8% | |
| P/FCF | 30.24 | 10.48 | 14.43 | 42.20 | — | 13.72 | 16.27 | 44.50 | — | 20.71 | 13.29 | 43.52 | — |
| — | -23.6% | -11.3% | -5.2% | — | -33.8% | +22.4% | +2.3% | — | -38.6% | -24.4% | -16.9% | — | |
| EV / EBITDA | 19.07 | 16.72 | 13.33 | 20.20 | 17.61 | 17.53 | 14.78 | 13.39 | 19.74 | 23.69 | 14.34 | 16.50 | 21.35 |
| — | -4.6% | -9.8% | +50.9% | -10.8% | -26.0% | +3.1% | -18.8% | -7.5% | -37.0% | -12.0% | -27.9% | +94.7% | |
| EV / EBIT | 23.72 | 16.72 | 16.94 | 30.52 | 23.06 | 29.66 | 18.02 | 16.11 | 24.79 | 38.50 | 17.08 | 19.83 | 26.47 |
| — | -43.6% | -6.0% | +89.5% | -7.0% | -22.9% | +5.5% | -18.8% | -6.3% | -57.9% | -14.1% | -36.6% | +120.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
PepsiCo, Inc.'s operating margin was 12.1% in Q4 2025, down 2.8 pp QoQ and up 4.0 pp YoY.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.1% | 53.2% | 53.6% | 54.7% | 55.8% | 52.6% | 55.4% | 55.9% | 54.8% | 53.0% | 54.5% | 54.7% | 55.2% |
| — | +1.3% | -3.3% | -2.2% | +1.8% | -0.8% | +1.7% | +2.3% | -0.8% | +1.7% | +2.6% | +2.3% | +2.1% | |
| Operating Margin | 12.2% | 12.1% | 14.9% | 7.9% | 14.4% | 8.1% | 16.6% | 18.0% | 14.9% | 6.0% | 17.1% | 16.4% | 14.7% |
| — | +49.7% | -10.2% | -56.2% | -3.2% | +34.0% | -3.0% | +9.8% | +1.1% | +107.6% | +12.2% | +59.6% | -54.7% | |
| Net Margin | 8.8% | 8.7% | 10.9% | 5.6% | 10.2% | 5.5% | 12.6% | 13.7% | 11.2% | 4.7% | 13.2% | 12.3% | 10.8% |
| — | +57.9% | -13.5% | -59.4% | -8.5% | +17.3% | -4.7% | +11.3% | +3.4% | +152.7% | +7.2% | +74.2% | -58.8% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 42.6% | 12.7% | 13.7% | 6.8% | 10.0% | 8.1% | 15.0% | 15.9% | 10.8% | 6.9% | 16.8% | 15.7% | 11.2% |
| — | +57.2% | -8.6% | -57.2% | -7.4% | +16.5% | -11.0% | +1.3% | -3.7% | +143.3% | +17.6% | +103.3% | -54.6% | |
| ROA | 8.0% | 2.4% | 2.5% | 1.2% | 1.8% | 1.5% | 2.9% | 3.1% | 2.0% | 1.3% | 3.2% | 2.9% | 2.1% |
| — | +55.9% | -16.1% | -60.5% | -10.5% | +17.3% | -7.2% | +6.2% | -2.4% | +134.0% | +9.6% | +89.4% | -54.6% | |
| ROIC | 14.9% | 4.3% | 4.3% | 2.2% | 3.4% | 3.0% | 5.0% | 5.3% | 3.7% | 2.4% | 5.5% | 5.0% | 3.7% |
| — | +43.2% | -14.6% | -58.0% | -7.3% | +28.2% | -8.9% | +5.2% | -0.9% | +99.8% | +14.8% | +67.9% | -51.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
PepsiCo, Inc.'s Debt/EBITDA ratio is 14.0x, up from 11.1x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.43 | 2.43 | 2.60 | 2.77 | 2.62 | 2.47 | 2.30 | 2.29 | 2.39 | 2.40 | 2.36 | 2.45 | 2.43 |
| — | -1.8% | +13.3% | +20.7% | +9.6% | +3.2% | -2.7% | -6.2% | -1.7% | +4.6% | +15.1% | +16.3% | +11.2% | |
| Debt / EBITDA | 3.49 | 14.03 | 11.13 | 18.58 | 14.22 | 12.81 | 9.43 | 9.10 | 13.16 | 15.70 | 9.22 | 9.76 | 12.52 |
| — | +9.5% | +18.0% | +104.1% | +8.0% | -18.4% | +2.3% | -6.8% | +5.1% | -24.8% | -2.9% | -29.5% | +85.3% | |
| Current Ratio | 0.85 | 0.85 | 0.91 | 0.78 | 0.83 | 0.82 | 0.89 | 0.83 | 0.86 | 0.85 | 0.88 | 0.84 | 0.87 |
| — | +4.2% | +2.9% | -6.1% | -3.0% | -3.8% | +1.0% | -2.1% | -0.9% | +5.9% | -4.4% | +1.3% | +0.3% | |
| Quick Ratio | 0.67 | 0.67 | 0.72 | 0.60 | 0.65 | 0.65 | 0.70 | 0.64 | 0.68 | 0.68 | 0.71 | 0.64 | 0.65 |
| — | +3.7% | +2.7% | -6.2% | -3.2% | -4.7% | -1.1% | -0.7% | +4.4% | +12.1% | -2.1% | +0.6% | -4.9% | |
| Interest Coverage | 10.26 | 10.68 | 13.52 | 6.88 | 9.78 | 8.52 | 17.68 | 17.30 | 13.45 | 7.76 | 19.98 | 18.20 | 13.14 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare performance and metrics against top competitors.
Start ComparisonPepsiCo, Inc.'s current P/E is 28.3x. The average P/E over the last 4 quarters is 25.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
PepsiCo, Inc.'s current operating margin is 12.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking PepsiCo, Inc.'s business trajectory between earnings reports.