PepsiCo, Inc.

PEPNASDAQ

$138.20

Last price · USD

Market cap: $189.7B
P/E: 23.0x
EV / EBITDA: 14.8x
P/S: 2.0x
FCF yield: 4.0%
Div. yield: 4.03%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

PepsiCo, Inc. balance sheet

Annual · USD millions except per-share data · 45 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	9,159	8,505	9,711	4,954	5,596	+13.1%
Short-term investments	371	761	292	394	392	-1.4%
Cash & short-term investments	9,530	9,266	10,003	5,348	5,988	+12.3%
Net receivables	11,506	10,333	10,815	10,163	8,680	+7.3%
Accounts receivable	9,035	8,131	8,500	8,042	7,025	+6.5%
Other receivables	2,471	2,202	2,315	2,121	1,655	+10.5%
Inventory	5,845	5,306	5,334	5,222	4,347	+7.7%
Prepaids	0	0	0	806	980	—
Other current assets	1,068	921	798	0	1,788	-12.1%
Total current assets	27,949	25,826	26,950	21,539	21,783	+6.4%
Non-current assets
Property, plant & equipment (net)	33,650	31,391	29,944	26,664	24,427	+8.3%
Goodwill	18,916	17,534	17,728	18,202	18,381	+0.7%
Intangible assets	15,066	14,801	14,929	15,586	18,665	-5.2%
Goodwill & intangible assets	33,982	32,335	32,657	33,788	37,046	-2.1%
Long-term investments	4,564	3,331	4,330	3,886	2,627	+14.8%
Tax assets	4,541	4,362	4,474	4,204	4,310	+1.3%
Other non-current assets	2,713	2,222	2,140	2,106	2,184	+5.6%
Total non-current assets	79,450	73,641	73,545	70,648	70,594	+3.0%
Total assets	107,399	99,467	100,495	92,187	92,377	+3.8%
Current liabilities
Accounts payable	11,704	10,997	11,635	10,732	9,834	+4.4%
Other payables	1,967	1,885	1,767	1,610	1,508	+6.9%
Total payables	13,671	12,882	13,402	12,342	11,342	+4.8%
Short-term debt	6,861	7,082	6,510	3,414	4,308	+12.3%
Capital lease obligations (current)	719	642	556	483	446	+12.7%
Other current liabilities	8,001	7,472	7,656	6,909	7,037	+3.3%
Total current liabilities	32,764	31,536	31,647	26,785	26,220	+5.7%
Non-current liabilities
Long-term debt	42,321	37,224	37,595	35,657	36,026	+4.1%
Deferred tax liabilities (non-current)	3,802	3,484	3,895	4,133	4,826	-5.8%
Other non-current liabilities	7,965	9,052	8,721	8,339	9,154	-3.4%
Total non-current liabilities	54,088	49,760	50,211	48,129	50,006	+2.0%
Capital lease obligations	719	642	556	483	446	+12.7%
Total debt	49,901	44,948	44,661	39,554	40,780	+5.2%
Total liabilities	86,852	81,296	81,858	74,914	76,226	+3.3%
Stockholders' equity
Common stock	23	23	23	23	23	0.0%
Retained earnings	72,788	72,266	70,035	67,800	65,165	+2.8%
Additional paid-in capital	4,451	4,385	4,261	4,134	4,001	+2.7%
Treasury stock	(41,832)	(41,021)	(40,282)	(39,506)	(38,248)	—
Accumulated other comprehensive income (loss)	(15,024)	(17,612)	(15,534)	(15,302)	(14,898)	—
Total stockholders' equity	20,406	18,041	18,503	17,149	16,043	+6.2%
Total equity	20,547	18,171	18,637	17,273	16,151	+6.2%
Minority interest	141	130	134	124	108	+6.9%
Total liabilities & equity	107,399	99,467	100,495	92,187	92,377	+3.8%
Additional fields
Accrued Expenses	3,512	3,458	3,523	3,637	3,087	+3.3%
Net Debt	40,742	36,443	34,950	34,600	35,184	+3.7%
Total Investments	4,935	4,092	4,622	4,280	3,019	+13.1%

PepsiCo, Inc.

PEPNASDAQ

$138.20

Last price · USD

Market cap: $189.7B
P/E: 23.0x
EV / EBITDA: 14.8x
P/S: 2.0x
FCF yield: 4.0%
Div. yield: 4.03%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

PepsiCo, Inc. balance sheet

Annual · USD millions except per-share data · 45 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	9,159	8,505	9,711	4,954	5,596	+13.1%
Short-term investments	371	761	292	394	392	-1.4%
Cash & short-term investments	9,530	9,266	10,003	5,348	5,988	+12.3%
Net receivables	11,506	10,333	10,815	10,163	8,680	+7.3%
Accounts receivable	9,035	8,131	8,500	8,042	7,025	+6.5%
Other receivables	2,471	2,202	2,315	2,121	1,655	+10.5%
Inventory	5,845	5,306	5,334	5,222	4,347	+7.7%
Prepaids	0	0	0	806	980	—
Other current assets	1,068	921	798	0	1,788	-12.1%
Total current assets	27,949	25,826	26,950	21,539	21,783	+6.4%
Non-current assets
Property, plant & equipment (net)	33,650	31,391	29,944	26,664	24,427	+8.3%
Goodwill	18,916	17,534	17,728	18,202	18,381	+0.7%
Intangible assets	15,066	14,801	14,929	15,586	18,665	-5.2%
Goodwill & intangible assets	33,982	32,335	32,657	33,788	37,046	-2.1%
Long-term investments	4,564	3,331	4,330	3,886	2,627	+14.8%
Tax assets	4,541	4,362	4,474	4,204	4,310	+1.3%
Other non-current assets	2,713	2,222	2,140	2,106	2,184	+5.6%
Total non-current assets	79,450	73,641	73,545	70,648	70,594	+3.0%
Total assets	107,399	99,467	100,495	92,187	92,377	+3.8%
Current liabilities
Accounts payable	11,704	10,997	11,635	10,732	9,834	+4.4%
Other payables	1,967	1,885	1,767	1,610	1,508	+6.9%
Total payables	13,671	12,882	13,402	12,342	11,342	+4.8%
Short-term debt	6,861	7,082	6,510	3,414	4,308	+12.3%
Capital lease obligations (current)	719	642	556	483	446	+12.7%
Other current liabilities	8,001	7,472	7,656	6,909	7,037	+3.3%
Total current liabilities	32,764	31,536	31,647	26,785	26,220	+5.7%
Non-current liabilities
Long-term debt	42,321	37,224	37,595	35,657	36,026	+4.1%
Deferred tax liabilities (non-current)	3,802	3,484	3,895	4,133	4,826	-5.8%
Other non-current liabilities	7,965	9,052	8,721	8,339	9,154	-3.4%
Total non-current liabilities	54,088	49,760	50,211	48,129	50,006	+2.0%
Capital lease obligations	719	642	556	483	446	+12.7%
Total debt	49,901	44,948	44,661	39,554	40,780	+5.2%
Total liabilities	86,852	81,296	81,858	74,914	76,226	+3.3%
Stockholders' equity
Common stock	23	23	23	23	23	0.0%
Retained earnings	72,788	72,266	70,035	67,800	65,165	+2.8%
Additional paid-in capital	4,451	4,385	4,261	4,134	4,001	+2.7%
Treasury stock	(41,832)	(41,021)	(40,282)	(39,506)	(38,248)	—
Accumulated other comprehensive income (loss)	(15,024)	(17,612)	(15,534)	(15,302)	(14,898)	—
Total stockholders' equity	20,406	18,041	18,503	17,149	16,043	+6.2%
Total equity	20,547	18,171	18,637	17,273	16,151	+6.2%
Minority interest	141	130	134	124	108	+6.9%
Total liabilities & equity	107,399	99,467	100,495	92,187	92,377	+3.8%
Additional fields
Accrued Expenses	3,512	3,458	3,523	3,637	3,087	+3.3%
Net Debt	40,742	36,443	34,950	34,600	35,184	+3.7%
Total Investments	4,935	4,092	4,622	4,280	3,019	+13.1%