OakChart

PepsiCo Inc

PEPConsumer Defensive·Beverages - Non-Alcoholic·USA·Large·NASD·Nov 13 • 7:09 AM ET

142.65+0.39 (0.27%)
2026-11-13 13:12 CET
Market cap
$194.39B
Revenue, TTM
98,241.00 USD m
Net income, TTM
10,896.00 USD m
Free cash flow, TTM
10,471.00 USD m
EPS diluted, TTM
7.96
Price / earnings
17.93
Compare

Price

PEP against its 20, 50 and 200-day averages
Terms2050200BeatMiss
Patternshover a marker to name it
RS 13Sales 30,416Price30,28630,345130.00140.00150.0012.0M24.0MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26PEPclose 142.6520-day 138.4150-day 133.58200-day 145.74142.6552w low 123.4752-week range, not 6 months

16.8% under the 52-week high of 171.48 on 12 Feb 2026. 52-week low 123.47 on 7 Oct 2026. Last 15 sessions, 10.4% high to low

Volume 0.01× normal · the line is the 50-bar volume average

Setup. RS line 13
CANSLIM 2 of 6 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); 52-Week High/Low: 0-10% below High; Performance: Year +50%
VCP 1 of 6 — fails: 200-Day Simple Moving Average: Price above SMA200; 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High; Average True Range: Under 2; RSI (14): Not Overbought (<60)
Minervini 0 of 4 — fails: 200-Day Simple Moving Average: Price above SMA200; 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High; Performance: Year +50%
Zanger 2 of 5 — fails: Performance: Week +10%; Relative Volume: Over 1.5; 200-Day Simple Moving Average: Price above SMA200
Leaders 2 of 5 — fails: 200-Day Simple Moving Average: Price above SMA200; Performance: Year +50%; 52-Week High/Low: 0-10% below High
Breakout 1 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2; 200-Day Simple Moving Average: Price above SMA200
Growth 1 of 4 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); EPS Growth Next Year: High (>25%)
Quality 2 of 5 — fails: Net Profit Margin: High (>20%); Debt/Equity: Low (<0.1); Current Ratio: Over 1
Value 1 of 4 — fails: P/E: Under 15; P/B: Under 2; Debt/Equity: Low (<0.1)
Income 3 of 4 — fails: Payout Ratio: Low (<20%)
Small Cap 1 of 4 — fails: Float: Under 100M; 200-Day Simple Moving Average: Price above SMA200; Performance: Year +50%
Accumulation 1 of 4 — fails: Institutional Transactions: Over +10%; 200-Day Simple Moving Average: Price above SMA200; Performance: Year Up
Relative Strength 1 of 3 — fails: Performance: Year +100%; 200-Day Simple Moving Average: Price above SMA200

Profile

PEP
52-week range, 40% of the way up
123.47171.48

PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: PepsiCo Foods North America (PFNA), PepsiCo Beverages North America (PBNA), International Beverages Franchise (IB Franchise), Europe, Middle East and Africa (EMEA), Latin America Foods (LatAm Foods), and Asia Pacific Foods. The PFNA segment refers to the food businesses in the United States and Canada. The PBNA segment includes beverage businesses in the United States and Canada. The IB Franchise segment involves the international franchise beverage businesses, as well as the SodaStream business. The EMEA segment pertains to food businesses and beverage businesses with company-owned bottlers in Europe, the Middle East, and Africa. The LatAm Foods segment consists of food businesses in Latin America. The Asia Pacific Foods segment is associated in food businesses in Asia Pacific, including China, Australia and New Zealand, as well as India. The company was founded by Donald M. Kendall, Sr. and Herman W. Lay in 1965 and is headquartered in Purchase, NY.

IndexNDX, S&P 500, RUI
Employees306000
IPODec 18, 1919
Beta0.32
ATR, 14d3.07
Rel volume0.01
Short float2.04%
Insider own0.31%
Inst own81.74%

Snapshot

6 groups

Valuation

IndexNDX, S&P 500, RUI
Market Cap$194.39B
Enterprise Value235.31B
Income10.90B
Sales98.24B
Book / share16.34
Cash / share8.19
Dividend Est.5.85 (4.10%)
Dividend TTM5.80 (4.07%)
Dividend Ex-DateSep 04, 2026
Dividend Gr. 3/5Y7.45% 6.93%
Payout93.68%
Employees306000
IPODec 18, 1919

Ratios

Price / earnings17.93
Forward price / earnings16.64
Price / earnings / growth4.61
Price / sales1.98
Price / book8.73
Price / cash17.41
Price / free cash flow18.56
Value / cash profit11.78
Value / sales2.40
Quick Ratio0.76
Current Ratio0.94
Debt / equity2.33
Long-term debt / equity1.91
Options and shortYes / Yes

Earnings

Earnings / share7.96
Earnings next year8.57
Earnings next quarter2.24
Earnings this year3.12%
Earnings next year2.11%
Earnings growth, 5 years3.61%
Past earnings growth-2.24% 3.25%
Past sales growth2.82% 5.94%
Earnings vs last year51.39%
Sales vs last year6.36%
Earnings vs last quarter17.53%
Sales vs last quarter5.58%
EarningsOct 08 BMO
Surprise1.97% 1.29%

Ownership

Insiders own0.31%
Insider trades3.73%
Institutions own81.74%
Institution trades-0.05%
Return on assets9.97%
Return on equity52.28%
Return on capital16.78%
Gross Margin54.11%
Operating margin15.82%
Profit Margin11.09%
20-day average3.07%
50-day average6.79%
200-day average-2.12%

Technical

Shares out1.36B
Shares floating1.36B
Short / float2.04%
Short ratio3.05
Short interest27.78M
52-week high171.48 -16.8%
52-week low123.47 +15.5%
Volatility2.27% 2.27%
Average range3.07
Strength index62.17
Market sensitivity0.32
Relative volume0.01
Avg Volume9.10M
Volume3,811

Performance

Perf Week0.93%
Perf Month11.11%
Perf Quarter3.19%
Perf Half Y-4.34%
Perf YTD-0.61%
Perf Year-1.64%
Perf 3Y-14.97%
Perf 5Y-12.30%
Perf 10Y38.24%
Recommendation2.54
Target Price139.47
Prev Close142.26
Price142.65
Change %0.27%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 29, 2026DowngradeJP MorganOverweight → Neutral$138-3.3%
Sep 28, 2026DowngradeDeutsche BankBuy → Hold$138-3.3%
Sep 24, 2026ReiteratedCitigroupNeutral$145 → $142-0.5%
Jul 10, 2026DowngradeCitigroupBuy → Neutral$145+1.6%
Jul 06, 2026ReiteratedBarclaysEqual Weight$158 → $144+0.9%
Jul 01, 2026ReiteratedJP MorganOverweight$178 → $170+19.2%
Jul 01, 2026ReiteratedBernsteinMkt Perform$143 → $142-0.5%
Jun 12, 2026InitiatedBernsteinMkt Perform$143+0.2%
Apr 15, 2026ReiteratedBarclaysEqual Weight$160 → $154+8.0%
Apr 07, 2026ReiteratedUBSBuy$190 → $186+30.4%

Peers

Mkt cap
TickerCompanyMkt cap
KOCoca-Cola Co419.18B
KDPKeurig Dr Pepper Inc47.97B
CCEPCoca-Cola Europacific Partners Plc51.54B
MNSTMonster Beverage Corp89.20B
CELHCelsius Holdings Inc7.99B
MDLZMondelez International Inc83.93B
FIZZNational Beverage Corp3.39B
HSYHershey Company34.85B
GISGeneral Mills Inc18.01B
KHCKraft Heinz Co29.06B

Insider trading

14 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Laguarta RamonChairman and CEOOct 21 '26Sale135.1330,0004,053,891491,645Oct 23 04:00 PM
RAMON LAGUARTAOfficerOct 21 '26Proposed Sale135.1330,0004,053,891Oct 21 04:08 PM
POHLAD ROBERT CDirectorOct 14 '26Buy128.28184,64623,686,389433,009Oct 16 04:02 PM
Flavell DavidEVP, Gen Counsel & Corp SecJul 27 '26Sale139.542,900404,67474,825Jul 29 04:01 PM
DAVID FLAVELLOfficerJul 27 '26Proposed Sale139.542,900404,674Jul 27 04:05 PM
Willemsen EugeneCEO, International BeveragesMar 04 '26Sale164.463,798624,60063,407Mar 06 04:08 PM
Willemsen EugeneCEO, International BeveragesMar 04 '26Sale164.442,702444,32320,342Mar 06 04:08 PM
WILWAL LTD.OfficerMar 04 '26Proposed Sale164.442,702444,323Mar 04 04:32 PM
EUGENE WILLEMSENOfficerMar 04 '26Proposed Sale164.453,798624,600Mar 04 04:31 PM
Laguarta RamonChairman and CEOMar 02 '26Sale167.3927,9454,677,610521,645Mar 03 04:20 PM
RAMON LAGUARTAOfficerMar 02 '26Proposed Sale167.3927,9454,677,610Mar 02 04:16 PM
STEVEN WILLIAMSOfficerMar 02 '26Proposed Sale169.0213,4412,271,794Mar 02 04:12 PM
PAULA ALEJANDRA SANTILLIOfficerFeb 25 '26Proposed Sale167.639,2331,547,682Feb 25 04:38 PM
PAULA ALEJANDRA SANTILLIOfficerFeb 23 '26Proposed Sale167.565,138860,949Feb 23 04:31 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 696.31B
SCHDSchwab US Dividend Equity ETFAUM: 123.65B
VOOVanguard S&P 500 ETFAUM: 1070.75B
QQQInvesco QQQ Trust Series 1AUM: 473.81B
IVViShares Core S&P 500 ETFAUM: 882.14B
SPYSPDR S&P 500 ETF TrustAUM: 805.69B
VTVVanguard Morningstar Value ETFAUM: 198.14B
VIGVanguard Dividend Appreciation FTFAUM: 117.98B
QQQMInvesco NASDAQ 100 ETFAUM: 109.07B
DGROiShares Core Dividend Growth ETFAUM: 46.00B

News

latest 14 of 200

Quarterly earnings

2026Q3 EPS 2.340 beat 2.295, from 2.290 a year earlier. Sales 25,274 beat 24,953, from 23,937 a year earlier
EPS
2.34002024Q4 EPS 1.960 against 1.94124Q42025Q1 EPS 1.480 against 1.48825Q12025Q2 EPS 2.120 against 2.02925Q22025Q3 EPS 2.290 against 2.26025Q32025Q4 EPS 2.260 against 2.23825Q42026Q1 EPS 1.610 against 1.54426Q12026Q2 EPS 2.200 against 2.18626Q22026Q3 EPS 2.340 against 2.29526Q3
Sales, USD millions
29,34302024Q4 sales 27,784 against 27,89024Q42025Q1 sales 17,919 against 17,75825Q12025Q2 sales 22,726 against 22,27125Q22025Q3 sales 23,937 against 23,83825Q32025Q4 sales 29,343 against 28,97725Q42026Q1 sales 19,443 against 18,94626Q12026Q2 sales 24,181 against 23,94726Q22026Q3 sales 25,274 against 24,95326Q3

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q3ended 2026-09-302026-10-08 08:302.3402.2952.23025,27424,953EPS +2.0% · sales +1.3%vs 2025Q3, year-ago quarter · EPS +2.2% · sales +5.6%17 EPS · 15 salesOpen +0.46% vs SPY -0.30%. Close +3.73% vs SPY -0.42%
2026Q2ended 2026-06-302026-07-09 08:302.2002.1862.17824,18123,947EPS +0.6% · sales +1.0%vs 2025Q2, year-ago quarter · EPS +3.8% · sales +6.4%16 EPS · 15 salesOpen -3.81% vs SPY +0.26%. Close -3.26% vs SPY +0.85%
2026Q1ended 2026-03-312026-04-16 08:301.6101.5441.69719,44318,946EPS +4.3% · sales +2.6%vs 2025Q1, year-ago quarter · EPS +8.8% · sales +8.5%15 EPS · 13 salesOpen +0.45% vs SPY +0.16%. Close +2.28% vs SPY +0.25%
2025Q4ended 2025-12-312026-02-03 08:302.2602.2381.85329,34328,977EPS +1.0% · sales +1.3%vs 2024Q4, year-ago quarter · EPS +15.3% · sales +5.6%16 EPS · 14 salesOpen +0.90% vs SPY +0.12%. Close +4.93% vs SPY -0.85%
2025Q3ended 2025-09-302025-10-09 08:302.2902.2601.89723,93723,838EPS +1.3% · sales +0.4%vs 2024Q3, year-ago quarter · EPS -0.9% · sales +2.7%15 EPS · 13 salesOpen +1.17% vs SPY +0.06%. Close +4.23% vs SPY -0.29%
2025Q2ended 2025-06-302025-07-17 08:302.1202.0290.92022,72622,271EPS +4.5% · sales +2.0%vs 2024Q2, year-ago quarter · EPS -7.0% · sales +1.0%15 EPS · 13 salesOpen +4.69% vs SPY +0.03%. Close +7.45% vs SPY +0.61%
2025Q1ended 2025-03-312025-04-24 08:301.4801.4881.33317,91917,758EPS -0.5% · sales +0.9%vs 2024Q1, year-ago quarter · EPS -8.1% · sales -1.8%15 EPS · 13 salesOpen -0.57% vs SPY +0.24%. Close -4.89% vs SPY +2.10%
2024Q4ended 2024-12-312025-02-04 08:301.9601.9411.10627,78427,890EPS +1.0% · sales -0.4%vs 2023Q4, year-ago quarter · EPS +10.1% · sales -0.2%15 EPS · 13 salesOpen -2.78% vs SPY +0.01%. Close -4.51% vs SPY +0.67%
2024Q3ended 2024-09-302024-10-08 08:302.3102.2902.12623,31923,860EPS +0.9% · sales -2.3%vs 2023Q3, year-ago quarter · EPS +2.7% · sales -0.6%15 EPS · 12 salesOpen +0.31% vs SPY +0.46%. Close +1.92% vs SPY +0.95%
2024Q2ended 2024-06-302024-07-11 08:302.2802.1602.23622,50122,592EPS +5.6% · sales -0.4%vs 2023Q2, year-ago quarter · EPS +9.1% · sales +0.8%17 EPS · 13 salesOpen -2.74% vs SPY +0.02%. Close +0.22% vs SPY -0.86%
2024Q1ended 2024-03-312024-04-23 08:301.6101.5181.48018,25018,080EPS +6.1% · sales +0.9%vs 2023Q1, year-ago quarter · EPS +7.3% · sales +2.3%16 EPS · 13 salesOpen -1.00% vs SPY +0.41%. Close -2.97% vs SPY +1.19%
2023Q4ended 2023-12-312024-02-09 08:301.7801.7220.94327,85028,400EPS +3.4% · sales -1.9%vs 2022Q4, year-ago quarter · EPS +6.6% · sales -0.5%16 EPS · 13 salesOpen -1.52% vs SPY +0.10%. Close -3.55% vs SPY +0.58%
2023Q3ended 2023-09-302023-10-10 08:302.2502.1512.23623,45323,413EPS +4.6% · sales +0.2%vs 2022Q3, year-ago quarter · EPS +14.2% · sales +6.7%16 EPS · 11 sales-
2023Q2ended 2023-06-302023-07-13 08:302.0901.9631.98622,32221,729EPS +6.5% · sales +2.7%vs 2022Q2, year-ago quarter · EPS +12.4% · sales +10.4%17 EPS · 12 sales-
2023Q1ended 2023-03-312023-04-25 08:301.5001.3781.39617,84617,239EPS +8.9% · sales +3.5%vs 2022Q1, year-ago quarter · EPS +16.3% · sales +10.2%18 EPS · 13 sales-
2022Q4ended 2022-12-312023-02-09 08:301.6701.6490.37427,99626,828EPS +1.2% · sales +4.4%vs 2021Q4, year-ago quarter · EPS +9.2% · sales +10.9%17 EPS · 14 sales-

Annual earnings

2025FY EPS 8.140 beat 8.114, from 8.160 a year earlier. Sales 93,925 beat 93,459, from 91,854 a year earlier
EPS
8.16002018FY EPS 5.660 against 5.65720182019FY EPS 5.530 against 5.52220192020FY EPS 5.520 against 5.51420202021FY EPS 6.260 against 6.24420212022FY EPS 6.790 against 6.77620222023FY EPS 7.620 against 7.55620232024FY EPS 8.160 against 8.14620242025FY EPS 8.140 against 8.1142025
Sales, USD millions
93,92502018FY sales 64,661 against 64,68020182019FY sales 67,161 against 66,76320192020FY sales 70,372 against 69,65920202021FY sales 79,474 against 78,37720212022FY sales 86,392 against 85,30920222023FY sales 91,471 against 91,99520232024FY sales 91,854 against 92,07720242025FY sales 93,925 against 93,4592025

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2030FYestimate-9.270--107,61115.39
2029FYestimate-9.067--104,71415.73
2028FYestimate-9.054--104,92815.76
2027FYestimate-8.572--101,74116.64
2026FYestimate-8.394--99,31416.99
2025FY8.1408.1146.00093,92593,45917.63
2024FY8.1608.1466.95191,85492,07718.64
2023FY7.6207.5566.56191,47191,99522.29
2022FY6.7906.7766.42486,39285,30926.61
2021FY6.2606.2445.48579,47478,37727.75
2020FY5.5205.5145.11570,37269,65926.87
2019FY5.5305.5225.19867,16166,76324.71
2018FY5.6605.6578.78064,66164,68019.52
2017FY5.2305.2243.38063,52563,42422.93
2016FY4.8504.8014.36062,79962,80821.57
2015FY4.5704.5823.67063,05663,16631.21
2014FY4.6304.5914.27066,68366,42430.81
2013FY4.3704.3224.32066,41566,40432.64
2012FY4.1004.0603.92065,49265,32034.79
2011FY4.4004.3884.03066,50466,22532.42
2010FY4.1304.1223.91057,83857,25134.54

Quarterly results

2026Q3 revenue 25,273, from 23,937 a year earlier. Operating margin 17.1%, from 16.1% a year earlier
Revenue, USD millions
29,34402024Q4 revenue 27,78424Q42025Q1 revenue 17,91925Q12025Q2 revenue 22,72425Q22025Q3 revenue 23,93725Q32025Q4 revenue 29,34425Q42026Q1 revenue 19,44326Q12026Q2 revenue 24,18126Q22026Q3 revenue 25,27326Q3
Operating margin
17.102024Q4 operating margin 11.1%24Q42025Q1 operating margin 15.3%25Q12025Q2 operating margin 17.0%25Q22025Q3 operating margin 16.1%25Q32025Q4 operating margin 14.0%25Q42026Q1 operating margin 16.0%26Q12026Q2 operating margin 16.5%26Q22026Q3 operating margin 17.1%26Q3

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2026FY E 8.39 per share.
PeriodTypeScaleDateMeanvs prior date
2026FYEper share2026-11-128.390.0%
2026FYSUSD millions2026-11-1299,314+0.0%
2026Q4Eper share2026-10-152.24-0.2%
2026Q4SUSD millions2026-10-1430,4160.0%
2026FYRper share2026-10-138.36-0.1%
2026Q4Rper share2026-10-092.23-1.7%
2026Q3Eper share2026-10-052.290.0%
2026Q3SUSD millions2026-10-0524,9530.0%
2026Q3Rper share2026-10-022.28-0.1%
2026Q2Eper share2026-07-072.19+0.0%
2026Q2Rper share2026-07-072.16+0.1%
2026Q2SUSD millions2026-07-0723,9470.0%
2026Q1Eper share2026-04-131.54-0.1%
2026Q1SUSD millions2026-04-1318,946+0.0%
2026Q1Rper share2026-04-091.54+0.4%
2025FYEper share2026-02-038.110.0%
2025Q4Eper share2026-02-032.24+0.0%
2025FYRper share2026-02-037.25+3.2%
2025Q4Rper share2026-02-032.24+0.1%
2025FYSUSD millions2026-02-0393,578+0.1%
2025Q4SUSD millions2026-02-0329,016+0.1%
2025Q3Eper share2025-10-072.26+0.0%
2025Q3SUSD millions2025-10-0623,838+0.0%
2025Q3Rper share2025-09-302.240.0%
2025Q2Eper share2025-07-152.030.0%
2025Q2SUSD millions2025-07-1522,271+0.1%
2025Q2Rper share2025-07-112.02-0.1%
2025Q1Eper share2025-04-221.49+0.0%
2025Q1SUSD millions2025-04-2117,758+0.0%
2025Q1Rper share2025-04-181.48+0.0%
2024FYEper share2025-02-048.150.0%
2024FYSUSD millions2025-02-0491,943-0.1%
2024Q4Eper share2025-01-311.94-0.1%
2024Q4SUSD millions2025-01-3127,8900.0%
2024FYRper share2025-01-307.990.0%
2024Q4Rper share2025-01-231.930.0%
2024Q3Eper share2024-10-042.29+0.0%
2024Q3Rper share2024-10-032.28+0.0%
2024Q3SUSD millions2024-10-0323,860-0.2%
2024Q2Eper share2024-07-102.16-0.1%
2024Q2SUSD millions2024-07-1022,592-0.1%
2024Q2Rper share2024-07-082.16-0.1%
2024Q1Eper share2024-04-221.520.0%
2024Q1Rper share2024-04-191.50-0.6%
2024Q1SUSD millions2024-04-1918,0800.0%
2023FYEper share2024-02-067.56+0.0%
2023FYSUSD millions2024-02-0691,9950.0%
2023FYRper share2024-01-257.46-0.3%

Estimate history

Annual
Metric201720182019202020212022202320242025TTMMRQ
EPS per share3.388.785.1985.1155.4856.4246.5616.9516.0027.9572-
Sales USD millions63,52564,66067,16270,37279,48086,40391,46891,85393,92498,241-
Shares million shares1,4201,4091,3911,3801,3831,3771,3741,3721,367-1,364
Quarterly
MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
EPS per share2.1261.1061.3330.921.8971.8531.6972.1782.23
Sales USD millions23,31827,78417,91922,72423,93729,34419,44324,18125,273
Shares million shares1,3731,3721,3731,3701,3691,3671,3681,3661,364

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Total Revenue98,241.0093,924.00+2.3%91,853.00+0.4%91,468.00+5.9%86,403.00+8.7%79,480.00+12.9%70,372.00+4.8%67,162.00+3.9%64,660.00
Cost of Goods Sold Incl. D&A45,082.0042,822.00+3.2%41,491.00-0.4%41,640.00+2.0%40,805.00+10.5%36,932.00+16.3%31,760.00+5.8%30,012.00+2.1%29,385.00
Gross Profit53,159.0051,102.00+1.5%50,362.00+1.1%49,828.00+9.3%45,598.00+7.2%42,548.00+10.2%38,612.00+3.9%37,150.00+5.3%35,275.00
Selling, General and Administrative Excl. Other37,622.0036,287.00+0.6%36,067.00+0.9%35,741.00+5.2%33,968.00+9.3%31,089.00+10.3%28,197.00+6.4%26,502.00+6.5%24,875.00
Research and Development-839.00+3.2%813.00+1.1%804.00+4.3%771.00+2.5%752.00+4.6%719.00+1.1%711.00+4.6%680.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income15,537.0014,815.00+3.6%14,295.00+1.5%14,087.00+21.1%11,630.00+1.5%11,459.00+10.0%10,415.00-2.2%10,648.00+2.4%10,400.00
Interest Expense1,038.001,183.00+28.7%919.00+8.1%850.00+9.0%780.00-55.2%1,743.00+38.0%1,263.00+6.0%1,192.00-11.9%1,353.00
Unusual Expense721.003,406.00+163.4%1,293.00-30.0%1,846.00-48.4%3,577.00+1080.5%303.00-9.8%336.00+15.5%291.00-41.2%495.00
Net Income Before Taxes13,726.0010,244.00-14.2%11,946.00+4.6%11,417.00+6.7%10,705.00+9.0%9,821.00+8.3%9,069.00-2.6%9,312.00+1.3%9,189.00
Income Taxes2,759.001,949.00-16.0%2,320.00+2.6%2,262.00+31.0%1,727.00-19.4%2,142.00+13.1%1,894.00-3.3%1,959.00-3,370.00
Consolidated Net Income10,967.008,295.00-13.8%9,626.00+5.1%9,155.00+2.0%8,978.00+16.9%7,679.00+7.0%7,175.00-2.4%7,353.00-41.5%12,559.00
Net Income From Continuing Operations10,896.008,240.00-14.0%9,578.00+5.6%9,074.00+1.8%8,910.00+17.0%7,618.00+7.0%7,120.00-2.7%7,314.00-41.6%12,515.00
Net Income10,896.008,240.00-14.0%9,578.00+5.6%9,074.00+1.8%8,910.00+17.0%7,618.00+7.0%7,120.00-2.7%7,314.00-41.5%12,513.00
EPS (Recurring) per share8.347.74+1.7%7.61+1.5%7.50-8.9%8.23+45.9%5.64+6.8%5.28-1.1%5.34-40.9%9.03
EPS (Basic, Before Extraordinaries) per share7.986.02-13.8%6.98+5.9%6.59+2.0%6.46+17.2%5.51+7.2%5.14-1.7%5.23-40.8%8.84
EPS (Diluted) per share7.966.00-13.7%6.95+5.9%6.56+2.2%6.42+17.2%5.48+7.2%5.11-1.7%5.20-40.8%8.78
EBITDA19,973.0018,993.00+4.9%18,110.00+6.3%17,035.00+18.4%14,393.00+1.6%14,169.00+9.3%12,963.00-0.9%13,080.00+2.2%12,799.00
Non-Operating Income (Expense)-52.0018.00-137.00-626.9%26.00-99.2%3,432.00+741.2%408.00+61.3%253.00+72.1%147.00-76.9%637.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense257.54240.00-18.9%296.00-8.9%325.00+3.5%314.00+18.5%265.00+17.3%226.00+10.8%204.00-9.3%225.00
Price To Earnings Ratio ratio statement ratio, not the snapshot17.8817.8822.4128.3525.8431.6628.9826.3112.55
Price To Sales Ratio ratio1.922.102.292.572.902.972.872.882.43
Gross Margin %54.1154.4154.8354.4852.7753.5354.8755.3154.55
Operating Margin %15.8215.7715.5615.4013.4614.4214.8015.8516.08
Net Margin %11.098.7710.439.9210.319.5810.1210.8919.35
Shares Outstanding million shares1,364.001,367.00-0.4%1,372.00-0.1%1,374.00-0.2%1,377.00-0.4%1,383.00+0.2%1,380.00-0.8%1,391.00-1.3%1,409.00
Market Capitalization193,863.39193,863.39-7.1%208,624.80-10.7%233,506.22-6.2%248,897.09+3.6%240,180.13+17.2%204,944.67+7.5%190,576.75+22.2%155,950.25

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q38/31/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q38/31/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Total Revenue25,273.00+5.6%24,181.00+6.4%19,443.00+8.5%29,344.00+5.6%23,937.00+2.7%22,724.00+1.0%17,919.00-1.8%27,784.00-0.2%
Cost of Goods Sold Incl. D&A11,567.00+4.4%11,115.00+8.8%8,769.00+10.4%13,631.00+4.4%11,079.00+7.3%10,213.00+3.3%7,945.00-3.3%13,055.00+0.4%
Gross Profit13,706.00+6.6%13,066.00+4.4%10,674.00+7.0%15,713.00+6.7%12,858.00-1.0%12,511.00-0.8%9,974.00-0.6%14,729.00-0.8%
Selling, General and Administrative Excl. Other9,381.00+4.2%9,069.00+4.7%7,559.00+4.6%11,613.00-0.3%9,002.00+2.4%8,659.00+1.9%7,225.00+0.5%11,652.00-0.9%
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income4,325.00+12.2%3,997.00+3.8%3,115.00+13.3%4,100.00+33.2%3,856.00-8.1%3,852.00-6.4%2,749.00-3.5%3,077.00-0.6%
Interest Expense225.00-24.2%214.00-19.9%280.00-6.7%319.00+20.8%297.00+35.6%267.00+14.1%300.00+48.5%264.00+21.7%
Unusual Expense112.00-56.6%42.00-98.0%-39.00-122.0%606.00-21.1%258.00-17.6%2,107.00+2267.4%177.00+101.1%768.00-44.1%
Net Income Before Taxes3,904.00+17.2%3,852.00+145.2%2,970.00+26.8%3,000.00+65.8%3,331.00-9.8%1,571.00-59.4%2,342.00-9.0%1,809.00+18.0%
Income Taxes834.00+17.0%848.00+190.4%632.00+26.7%445.00+61.8%713.00-4.8%292.00-62.4%499.00-4.0%275.00+31.6%
Consolidated Net Income3,070.00+17.3%3,004.00+134.9%2,338.00+26.9%2,555.00+66.6%2,618.00-11.1%1,279.00-58.7%1,843.00-10.2%1,534.00+15.9%
Net Income From Continuing Operations3,048.00+17.1%2,981.00+136.0%2,327.00+26.9%2,540.00+66.8%2,603.00-11.2%1,263.00-59.0%1,834.00-10.2%1,523.00+17.0%
Net Income3,048.00+17.1%2,981.00+136.0%2,327.00+26.9%2,540.00+66.8%2,603.00-11.2%1,263.00-59.0%1,834.00-10.2%1,523.00+17.0%
EPS (Recurring) per share2.29+12.8%2.20+10.6%1.68+18.3%2.16+44.0%2.03-11.4%1.99-12.7%1.42-6.6%1.50-8.5%
EPS (Basic, Before Extraordinaries) per share2.23+17.4%2.18+137.0%1.70+26.9%1.86+67.6%1.90-10.8%0.92-58.9%1.34-10.1%1.11+16.8%
EPS (Diluted) per share2.23+17.4%2.18+137.0%1.70+27.8%1.85+66.7%1.90-10.8%0.92-58.9%1.33-10.1%1.11+18.1%
EBITDA5,401.00+11.3%5,079.00+5.2%4,019.00+12.3%5,474.00+26.2%4,854.00-4.7%4,829.00-3.5%3,578.00-1.1%4,336.00+1.8%
Non-Operating Income (Expense)-84.00-380.0%111.00+19.4%96.00+37.1%-175.0030.00-6.3%93.00+17.7%70.00+400.0%-203.00-851.9%
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense61.62+2.6%54.51+27.8%73.47+20.8%67.94-25.0%60.04-1.3%42.66-37.2%60.83-20.6%90.60-20.6%
Price To Earnings Ratio ratio statement ratio, not the snapshot17.8821.2725.8727.3127.1019.4221.5822.41
Price To Sales Ratio ratio1.922.042.162.102.171.962.192.29
Gross Margin %54.2354.0354.9053.5553.7255.0655.6653.01
Operating Margin %17.1116.5316.0213.9716.1116.9515.3411.07
Net Margin %12.0612.3311.978.6610.875.5610.235.48
Shares Outstanding million shares1,364.00-0.4%1,366.00-0.3%1,368.00-0.4%1,367.00-0.4%1,369.00-0.3%1,370.00-0.3%1,373.00-0.1%1,372.00-0.1%
Market Capitalization193,863.39-4.7%185,060.66+2.2%212,227.08+3.2%196,240.64-5.9%203,513.74-14.3%181,037.40-20.2%205,642.71-14.5%208,624.80-10.7%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/20182017FY12/31/2017
Cash & Short Term Investments9,530.00+2.8%9,266.00-7.4%10,003.00+87.0%5,348.00-10.7%5,988.00-37.3%9,551.00+66.5%5,738.00-47.8%10,990.00-43.7%19,510.00
Short Term Receivables11,506.00+11.4%10,333.00-4.5%10,815.00+6.4%10,163.00+17.1%8,680.00+3.3%8,404.00+7.4%7,822.00+9.5%7,142.00+1.7%7,024.00
Inventories5,845.00+10.2%5,306.00-0.5%5,334.00+2.1%5,222.00+20.1%4,347.00+4.2%4,172.00+25.0%3,338.00+6.7%3,128.00+6.1%2,947.00
Other Current Assets1,020.00+18.2%863.00+18.1%731.00-4.6%766.00-71.8%2,715.00+228.7%826.00+19.4%692.00+18.1%586.00-60.9%1,500.00
Total Current Assets27,901.00+8.3%25,768.00-4.1%26,883.00+25.0%21,499.00-1.1%21,730.00-5.3%22,953.00+30.5%17,590.00-19.5%21,846.00-29.5%30,981.00
Net Property, Plant & Equipment33,650.00+7.2%31,391.00+4.8%29,944.00+12.3%26,664.00+9.2%24,427.00+6.0%23,039.00+10.5%20,853.00+18.6%17,589.00+2.0%17,240.00
Total Investments and Advances4,609.00+38.4%3,331.00-23.1%4,330.00+11.4%3,886.00+47.9%2,627.00-5.9%2,792.00+4.1%2,683.00+11.4%2,409.00+18.0%2,042.00
Long-Term Note Receivable136.00+22.5%111.00-44.5%200.00-1.0%202.00+82.0%111.00+1.8%109.00+28.2%85.00-1.2%86.00+45.8%59.00
Intangible Assets33,982.00+5.1%32,335.00-1.0%32,657.00-3.3%33,788.00-8.8%37,046.00-2.7%38,072.00+20.7%31,544.00+3.0%30,633.00+7.2%28,582.00
Deferred Tax Assets4,541.00+4.1%4,362.00-2.5%4,474.00+6.4%4,204.00-2.5%4,310.00-1.4%4,372.00+0.3%4,359.00-0.1%4,364.00+123.6%1,952.00
Other Assets2,580.00+18.9%2,169.00+8.1%2,007.00+3.2%1,944.00-8.6%2,126.00+34.5%1,581.00+10.3%1,433.00+98.8%721.00-19.9%900.00
Total Assets107,399.00+8.0%99,467.00-1.0%100,495.00+9.0%92,187.00-0.2%92,377.00-0.6%92,918.00+18.3%78,547.00+1.2%77,648.00-5.0%81,756.00
Short Term Debt Incl. Current Port. of LT Debt7,580.00-1.9%7,724.00+9.3%7,066.00+81.3%3,897.00-18.0%4,754.00+12.1%4,240.00+26.1%3,362.00-16.5%4,026.00-26.6%5,485.00
Accounts Payable11,704.00+6.4%10,997.00-5.5%11,635.00+8.4%10,732.00+9.1%9,834.00+11.1%8,853.00+10.5%8,013.00+11.1%7,213.00+7.2%6,727.00
Other Current Liabilities13,480.00+5.2%12,815.00-1.0%12,946.00+6.5%12,156.00+4.5%11,632.00+13.2%10,279.00+13.1%9,086.00-16.6%10,899.00+31.5%8,290.00
Total Current Liabilities32,764.00+3.9%31,536.00-0.4%31,647.00+18.2%26,785.00+2.2%26,220.00+12.2%23,372.00+14.2%20,461.00-7.6%22,138.00+8.0%20,502.00
Long Term Debt45,448.00+13.5%40,027.00+0.1%39,995.00+6.4%37,590.00-0.1%37,624.00-9.6%41,603.00+37.5%30,266.00+7.0%28,295.00-16.3%33,796.00
Provision for Risks Charges3,642.00-6.4%3,890.00+12.8%3,448.00+13.5%3,037.00-14.9%3,568.00-20.9%4,508.00+19.7%3,767.00+17.7%3,200.00+26.9%2,521.00
Deferred Tax Liabilities3,802.00+9.1%3,484.00-10.6%3,895.00-5.8%4,133.00-14.4%4,826.00+12.7%4,284.00+4.7%4,091.00+16.9%3,499.00-32.6%5,194.00
Other Liabilities1,196.00-49.3%2,359.00-17.9%2,873.00-14.7%3,369.00-15.5%3,988.00-28.8%5,599.00+9.9%5,094.00-13.9%5,914.00-32.5%8,762.00
Total Liabilities86,852.00+6.8%81,296.00-0.7%81,858.00+9.3%74,914.00-1.7%76,226.00-4.0%79,366.00+24.6%63,679.00+1.0%63,046.00-10.9%70,775.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00-156.00
Common Equity20,406.00+13.1%18,041.00-2.5%18,503.00+7.9%17,149.00+6.9%16,043.00+19.2%13,454.00-9.0%14,786.00+1.8%14,518.00+31.4%11,045.00
Total Shareholders Equity20,406.00+13.1%18,041.00-2.5%18,503.00+7.9%17,149.00+6.9%16,043.00+19.2%13,454.00-9.0%14,786.00+1.8%14,518.00+33.3%10,889.00
Accumulated Minority Interest141.00+8.5%130.00-3.0%134.00+8.1%124.00+14.8%108.00+10.2%98.00+19.5%82.00-2.4%84.00-8.7%92.00
Total Equity20,547.00+13.1%18,171.00-2.5%18,637.00+7.9%17,273.00+6.9%16,151.00+19.2%13,552.00-8.9%14,868.00+1.8%14,602.00+33.0%10,981.00
Total Liabilities & Stockholders Equity107,399.00+8.0%99,467.00-1.0%100,495.00+9.0%92,187.00-0.2%92,377.00-0.6%92,918.00+18.3%78,547.00+1.2%77,648.00-5.0%81,756.00
Book Value Per Share per share14.93+13.5%13.15-2.4%13.47+8.2%12.45+7.3%11.60+19.0%9.75-8.3%10.63+3.2%10.30+32.4%7.78
Tangible Book Value Per Share per share-9.93-10.42-10.30-12.08-15.19-17.84-12.05-11.44-12.35
Full-Time Employees people306,000-4.1%319,000+0.3%318,000+1.0%315,000+1.9%309,000+6.2%291,000+9.0%267,0000.0%267,000+1.5%263,000
Price to Book Ratio ratio8.7010.7312.4213.1314.9715.2112.8610.7212.69
Return on Assets %7.979.589.429.668.228.309.3715.706.12
Return on Equity %42.8652.4250.9053.6951.6550.4249.9298.5244.19
Return on Invested Capital %12.5116.4915.5116.2814.1912.9316.2329.2310.87
Quick Ratio ratio0.670.650.680.610.660.800.700.851.37
Current Ratio ratio0.850.820.850.800.830.980.860.991.51

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Net Income10,967.008,295.00-13.8%9,626.00+5.1%9,155.00+2.0%8,978.00+16.9%7,679.00+7.0%7,175.00-2.4%7,353.00-41.5%12,559.00
Depreciation4,436.004,178.00+9.5%3,815.00+29.4%2,948.00+6.7%2,763.00+2.0%2,710.00+6.4%2,548.00+4.8%2,432.00+1.4%2,399.00
Other Funds (Non Cash)-632.001,900.00+71.0%1,111.00-36.8%1,758.00+47.7%1,190.00-164.00-186.3%190.00-373.00-5,553.00
Funds from Operations15,475.0014,444.00-0.5%14,510.00+6.8%13,590.00+12.7%12,058.00+14.6%10,523.00+2.4%10,274.00+4.1%9,865.00+11.2%8,874.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-906.00-2,357.00-2,003.00-148.00-1,247.00-214.1%1,093.00+222.4%339.00-216.00-139.9%541.00
Income Taxes Payable-24.00-433.00-123.00-139.7%310.00+443.9%57.00+90.0%30.00-159.00-287.00-186.2%333.00
Cash from Operating Activities14,569.0012,087.00-3.4%12,507.00-7.0%13,442.00+24.3%10,811.00-6.9%11,616.00+9.5%10,613.00+10.0%9,649.00+2.5%9,415.00
Capital Expenditures-4,098.00-4,415.00-5,318.00-5,518.00-5,207.00-4,625.00-4,240.00-4,232.00-3,282.00
Net Assets From Acquisitions-363.00-3,391.00-256.00-314.00-873.00-61.00-6,372.00-1,939.00-1,197.00
Sale of Fixed Assets and Businesses379.00567.00+11.6%508.00+86.1%273.00-92.7%3,756.00+1021.2%335.00+467.8%59.00-86.1%423.00-33.8%639.00
Purchase or Sale of Investments103.00460.00-420.00-2725.0%16.00-117.00-110.9%1,077.00-1,108.00-681.00-108.1%8,402.00
Purchase of Investments-110.00-190.00-425.00-555.00-291.000.00-1,135.00-778.00-5,936.00
Sale Or Maturity of Investments213.00650.00+12900.0%5.00-99.1%571.00+228.2%174.00-83.8%1,077.00+3888.9%27.00-72.2%97.00-99.3%14,338.00
Other Uses-10.00-100.000.000.000.000.000.00-8.000.00
Other Sources0.000.00-100.0%14.00-70.8%48.00+336.4%11.00+120.0%5.00-88.1%42.000.00-100.0%2.00
Cash from Investing Activities-3,989.00-6,879.00-5,472.00-5,495.00-2,430.00-3,269.00-11,619.00-6,437.00-241.0%4,564.00
Cash Dividends Paid-7,881.00-7,638.00-7,229.00-6,682.00-6,172.00-5,815.00-5,509.00-5,304.00-4,930.00
Change in Capital Stock-859.00-903.00-834.00-884.00-1,362.00-1824.1%79.00-1,821.00-2,671.00-1,721.00
Repurchase of Common Pref Stock-987.00-1,000.00-1,000.00-1,000.00-1,500.00-106.00-2,000.00-3,000.00-2,002.00
Sale of Common Pref Stock128.0097.00-41.6%166.00+43.1%116.00-15.9%138.00-25.4%185.00+3.4%179.00-45.6%329.00+17.1%281.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net1,018.003,748.00+439.3%695.00-85.4%4,770.00-810.00-4,132.00-136.6%11,293.00-355.00-6,962.00
Change in Long Term Debt-177.004,107.00+2532.7%156.00-93.7%2,477.00-797.00-4,177.00-138.4%10,879.00-356.00-5,596.00
Issuance of Long Term Debt2,988.008,189.00+102.6%4,042.00-26.3%5,482.00+62.3%3,377.00-18.1%4,122.00-70.1%13,809.00+198.8%4,621.000.00
Reduction of Long Term Debt-3,165.00-4,082.00-3,886.00-3,005.00-4,174.00-8,299.00-2,930.00-4,977.00-5,596.00
Net Financing Active Other Cash Flow-153.00-186.00-188.00-213.00-179.00-912.00-144.00-159.00-156.00
Other Financing Activities Uses-153.00-186.00-188.00-213.00-179.00-912.00-144.00-159.00-156.00
Cash from Financing Activities-7,875.00-4,979.00-7,556.00-3,009.00-8,523.00-10,780.00-382.3%3,819.00-8,489.00-13,769.00
Exchange Rate Effect-148.00422.00-687.00-277.00-465.00-114.00-129.00-265.4%78.00-98.00
Net Change in Cash2,557.00651.00-1,208.00-125.9%4,661.00-607.00-2,547.00-194.9%2,684.00-5,199.00-4742.0%112.00
Free Cash Flow10,471.007,672.00+6.7%7,189.00-9.3%7,924.00+41.4%5,604.00-19.8%6,991.00+9.7%6,373.00+17.6%5,417.00-11.7%6,133.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.00-
Price to Free Cash Flow ratio72.645,806.17-189.12-200.53233.711,712.56130.73
Deferred Taxes & Investment Tax Credit-71.00-42.00-271.00-873.00-393.0%298.00-17.5%361.00-20.3%453.00-531.00

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q38/31/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q38/31/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Cash & Short Term Investments11,163.00+28.9%10,716.00+34.4%10,828.00+26.2%9,530.00+2.8%8,661.00+7.6%7,973.00+19.6%8,582.00+2.8%9,266.00-7.4%
Short Term Receivables13,623.00+7.8%13,496.00+8.9%12,171.00+12.7%11,506.00+11.4%12,634.00+4.5%12,390.00+3.8%10,800.00-1.3%10,333.00-4.5%
Inventories6,434.00+5.6%6,734.00+3.8%6,211.00+9.7%5,845.00+10.2%6,093.00+8.0%6,487.00+10.2%5,660.00+1.6%5,306.00-0.5%
Other Current Assets1,339.00+0.4%1,829.00+34.5%1,706.00+36.9%1,020.00+18.2%1,334.00+24.8%1,360.00+12.8%1,246.00+8.5%863.00+18.1%
Total Current Assets32,559.00+13.4%32,775.00+16.2%30,916.00+17.6%27,901.00+8.3%28,722.00+7.0%28,210.00+9.8%26,288.00+1.1%25,768.00-4.1%
Net Property, Plant & Equipment29,731.00+2.3%29,771.00+3.4%29,807.00+5.6%33,650.00+7.2%29,053.00+6.9%28,797.00+6.5%28,213.00+5.3%31,391.00+4.8%
Total Investments and Advances2,515.00+7.0%2,439.00+5.0%2,377.00+6.2%4,609.00+38.4%2,351.00-36.6%2,322.00-13.2%2,238.00-18.1%3,331.00-23.1%
Intangible Assets34,026.00+1.0%34,270.00-0.6%34,164.00+1.3%33,982.00+5.1%33,697.00+3.5%34,475.00+6.2%33,727.00+3.8%32,335.00-1.0%
Deferred Tax Assets4,328.00-0.3%4,455.00+3.8%4,560.00+4.8%4,541.00+4.1%4,341.00+0.5%4,293.00-3.9%4,350.00-2.1%4,362.00-2.5%
Other Assets8,817.00+5.0%8,479.00+17.0%8,822.00+27.5%2,580.00+18.9%8,394.00+42.8%7,248.00+1.0%6,921.00-8.5%2,169.00+8.1%
Total Assets111,976.00+5.1%112,189.00+6.5%110,646.00+8.8%107,399.00+8.0%106,558.00+6.0%105,345.00+5.8%101,737.00+1.7%99,467.00-1.0%
Short Term Debt Incl. Current Port. of LT Debt9,223.00+36.9%10,602.00-12.1%10,151.00+11.6%7,580.00-1.9%6,736.00+3.2%12,056.00+45.4%9,099.00+11.5%7,724.00+9.3%
Accounts Payable25,306.00+2.2%24,504.00+0.7%24,326.00+8.5%11,704.00+6.4%24,763.00+4.1%24,340.00+6.5%22,412.00+1.5%10,997.00-5.5%
Other Current Liabilities0.000.000.0013,480.00+5.2%0.000.000.0012,815.00-1.0%
Total Current Liabilities34,529.00+9.6%35,106.00-3.5%34,477.00+9.4%32,764.00+3.9%31,499.00+3.9%36,396.00+16.8%31,511.00+4.2%31,536.00-0.4%
Long Term Debt42,658.00-3.3%42,612.00+8.4%42,577.00+8.0%45,448.00+13.5%44,113.00+14.6%39,328.00+7.3%39,419.00+4.5%40,027.00+0.1%
Provision for Risks Charges0.000.000.003,642.00-6.4%0.000.000.003,890.00+12.8%
Deferred Tax Liabilities4,107.00+18.2%4,055.00+30.7%4,048.00+14.3%3,802.00+9.1%3,474.00-5.7%3,102.00-20.6%3,541.00-13.4%3,484.00-10.6%
Other Liabilities8,195.00+3.4%8,146.00+2.3%8,008.00-8.3%1,196.00-49.3%7,929.00-5.8%7,960.00-3.6%8,737.00-1.0%2,359.00-17.9%
Total Liabilities89,489.00+2.8%89,919.00+3.6%89,110.00+7.1%86,852.00+6.8%87,015.00+7.5%86,786.00+8.5%83,208.00+2.9%81,296.00-0.7%
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00
Common Equity22,292.00+15.0%22,098.00+20.0%21,383.00+16.3%20,406.00+13.1%19,388.00-0.3%18,418.00-5.3%18,389.00-3.5%18,041.00-2.5%
Total Shareholders Equity22,292.00+15.0%22,098.00+20.0%21,383.00+16.3%20,406.00+13.1%19,388.00-0.3%18,418.00-5.3%18,389.00-3.5%18,041.00-2.5%
Accumulated Minority Interest195.00+25.8%172.00+22.0%153.00+9.3%141.00+8.5%155.00+2.0%141.00+5.2%140.00-2.1%130.00-3.0%
Total Equity22,487.00+15.1%22,270.00+20.0%21,536.00+16.2%20,547.00+13.1%19,543.00-0.3%18,559.00-5.2%18,529.00-3.4%18,171.00-2.5%
Total Liabilities & Stockholders Equity111,976.00+5.1%112,189.00+6.5%110,646.00+8.8%107,399.00+8.0%106,558.00+6.0%105,345.00+5.8%101,737.00+1.7%99,467.00-1.0%
Book Value Per Share per share16.34+15.4%16.18+20.4%15.63+16.7%14.93+13.5%14.16-0.1%13.44-5.0%13.39-3.3%13.15-2.4%
Tangible Book Value Per Share per share-8.60-8.91-9.34-9.93-10.45-11.72-11.17-10.42
Full-Time Employees people---306,000-4.1%---319,000+0.3%
Price to Book Ratio ratio8.708.6610.4010.1311.069.8611.4010.73
Return on Assets %9.979.618.227.976.987.379.299.58
Return on Equity %52.2851.5943.9242.8637.1939.8850.0652.42
Return on Invested Capital %4.694.613.643.864.102.193.172.62
Quick Ratio ratio0.760.740.720.670.720.600.650.65
Current Ratio ratio0.940.930.900.850.910.780.830.82

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q38/31/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q38/31/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Net Income3,070.00+17.3%3,004.00+134.9%2,338.00+26.9%2,555.00+66.6%2,618.00-11.1%1,279.00-58.7%1,843.00-10.2%1,534.00+15.9%
Depreciation1,076.00+7.8%1,082.00+10.7%904.00+9.0%1,374.00+9.1%998.00+11.0%977.00+9.9%829.00+7.9%1,259.00+113.0%
Other Funds (Non Cash)205.00-48.0%-1,039.00-185.6%-303.00505.00-64.7%394.00+71.3%1,214.00-213.00-4360.0%1,429.00-27.5%
Funds from Operations4,520.00+5.1%3,315.00+7.0%3,165.00+23.2%4,475.00+10.3%4,300.00+6.0%3,099.00-10.3%2,570.00-12.6%4,056.00+24.0%
Extraordinary Item0.000.000.000.000.000.000.000.00
Changes in Working Capital1,065.00+519.2%-991.00-3,124.002,144.00-3.9%172.00-79.7%-1,130.00-3,543.002,231.00-12.2%
Income Taxes Payable102.00182.00-5.2%131.00-41.3%-439.00-409.00-394.2%192.00+195.4%223.00+0.5%-549.00
Cash from Operating Activities5,585.00+24.9%2,324.00+18.0%41.006,619.00+5.3%4,472.00-8.8%1,969.00-16.4%-973.006,287.00+8.2%
Capital Expenditures-916.00-819.00-447.00-1,916.00-992.00-904.00-603.00-2,468.00
Net Assets From Acquisitions0.00-81.00-67.00-215.00-46.00-1,930.00-1,200.00-225.00
Sale of Fixed Assets and Businesses18.00-82.5%58.00+45.0%13.00-90.3%290.00+55.9%103.00+71.7%40.00-80.2%134.00+123.3%186.00+177.6%
Purchase or Sale of Investments-11.00-73.00-1316.7%5.00-98.9%182.00+18100.0%-169.006.00441.00+5412.5%1.00
Purchase of Investments-20.00-81.00-9.000.00-190.000.000.000.00
Sale Or Maturity of Investments9.00-57.1%8.00+33.3%14.00-96.8%182.00+18100.0%21.00+600.0%6.00441.00+5412.5%1.00
Other Uses-27.000.000.0017.00-6.00-107.00-1170.0%-4.000.00
Other Sources-19.000.0019.000.000.00-100.0%0.00-100.0%0.00-1.00
Cash from Investing Activities-955.00-915.00-477.00-1,642.00-1,110.00-2,895.00-1,232.00-2,507.00
Cash Dividends Paid-2,021.00-1,948.00-1,966.00-1,946.00-1,949.00-1,861.00-1,882.00-1,860.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.000.000.00
Change in Capital Stock-252.00-291.00-89.00-227.00-240.00-303.00-133.00-212.00
Repurchase of Common Pref Stock-260.00-297.00-182.00-248.00-258.00-311.00-183.00-240.00
Sale of Common Pref Stock8.00-55.6%6.00-25.0%93.00+86.0%21.00-25.0%18.00-41.9%8.00-80.5%50.00-24.2%28.00+75.0%
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1,501.00467.00-79.7%3,794.00-2.1%-1,742.00-685.002,301.003,874.00+97.2%-168.00
Change in Long Term Debt-103.00-102.6%-582.001,335.00-32.0%-827.003,956.00+76.0%-986.001,964.00+285.9%-975.00-155.9%
Issuance of Long Term Debt4.00-99.9%10.00-37.5%2,964.00-15.4%10.00-64.3%4,658.00+107.1%16.00+300.0%3,505.00+99.0%28.00-98.9%
Reduction of Long Term Debt-107.00-592.00-1,629.00-837.00-702.00-1,002.00-1,541.00-1,003.00
Net Financing Active Other Cash Flow0.00-20.00-77.00-56.00-2.00-37.00-91.00-34.00
Other Financing Activities Uses0.00-20.00-77.00-56.00-2.00-37.00-91.00-34.00
Cash from Financing Activities-3,774.00-1,792.00-1892.0%1,662.00-6.0%-3,971.00-2,876.00100.001,768.00+17580.0%-2,274.00
Exchange Rate Effect-431.00135.00-38.4%121.00-40.4%27.00-27.00219.00203.00-296.00
Net Change in Cash425.00-7.4%-248.001,347.001,033.00-14.6%459.00-50.4%-607.00-234.001,210.00
Free Cash Flow4,669.00+34.2%1,505.00+41.3%-406.004,703.00+23.1%3,480.00-7.3%1,065.00-16.1%-1,576.003,819.00+34.9%
Price to Free Cash Flow ratio72.64134.08183.675,797.72----

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Region
Name20242025vs 20242025 share
All Other Countries17,023.0017,941.00+5.4%19.1%
Brazil1,765.001,782.00+1.0%1.9%
Canada3,764.003,729.00-0.9%4.0%
China2,709.002,621.00-3.2%2.8%
Mexico7,123.006,947.00-2.5%7.4%
Russia3,880.004,768.00+22.9%5.1%
South Africa1,859.001,767.00-4.9%1.9%
United Kingdom2,063.002,142.00+3.8%2.3%
United States51,668.0052,228.00+1.1%55.6%
Total91,854.0093,925.00+2.3%100.0%
Segment
Name20242025vs 20242025 share
Asia Pacific Foods (Segment)4,549.004,629.00+1.8%4.9%
Europe, Middle East & Africa (Segment)16,658.0018,025.00+8.2%19.2%
International Beverage Franchise4,879.004,997.00+2.4%5.3%
Latin America Foods (Segment)10,568.0010,549.00-0.2%11.2%
PepsiCo Beverages North America27,769.0028,197.00+1.5%30.0%
PepsiCo Foods North America27,431.0027,528.00+0.4%29.3%
Total91,854.0093,925.00+2.3%100.0%

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.04%27.8M1358.6M8.68M
2026-10-152.02%27.5M1358.6M8.47M
2026-09-301.71%23.3M1360.7M8.28M
2026-09-151.90%25.9M1360.6M8.33M
2026-08-311.56%21.3M1360.5M8.46M
2026-08-141.73%23.6M1360.5M8.73M
2026-07-312.16%29.4M1359.6M8.63M
2026-07-152.40%32.6M1359.6M8.26M
2026-06-302.45%33.3M1361.5M7.52M
2026-06-152.31%31.5M1360.3M6.93M
2026-05-291.84%25.1M1361.5M6.44M
2026-05-151.83%24.9M1361.6M6.25M
2026-04-301.75%23.8M1361.7M7.20M
2026-04-151.52%20.8M1361.7M7.57M
2026-03-311.50%20.5M1361.8M8.08M
2026-03-131.58%21.5M1361.8M8.16M
2026-02-271.53%20.8M1361.8M8.43M
2026-02-132.18%29.7M1361.8M8.53M
2026-01-301.74%23.6M1361.9M7.81M
2026-01-151.59%21.7M1362.6M7.41M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call75.0065.8069.4068.6410.15867.0062.000.999-0.0600.000
call80.0061.3564.4063.659.30579.0062.000.999-0.0600.000
call85.0057.0059.4058.128.50240.0016.000.999-0.0600.000
call90.0050.8554.4053.137.74137.0064.000.998-0.0600.000
call95.0045.6549.4049.007.01541.0054.000.998-0.0590.000
call10041.5044.4043.916.32112.0020.000.998-0.0590.000
call10535.7539.4038.925.65222.0014.000.998-0.0580.000
call11031.4534.4032.985.00634.0020.000.997-0.0570.001
call11130.0033.4032.074.91435.0053.000.997-0.0570.001
call11229.0031.8031.134.2039.0037.000.997-0.0570.001
call11328.0030.7030.154.08631.006.000.997-0.0570.001
call11427.0029.7029.003.97161.0026.000.997-0.0570.001
call11526.0028.9027.993.85481.0036.000.997-0.0560.001
call11625.0027.9027.013.73852.0091.000.997-0.0560.001
call11723.6527.4026.044.15711.001290.997-0.0560.001
call11823.0026.4025.064.06551.0054.000.997-0.0560.001
call11922.0024.7025.053.39552.005.000.997-0.0550.001
call12021.6524.4024.043.78417.001.000.996-0.0550.001
call12119.6523.4020.573.6609.000.000.996-0.0550.001
call12218.9022.4020.603.5364.000.000.996-0.0540.001
call12318.0020.7020.842.9396.006.000.996-0.0540.001
call12417.0019.7019.942.82534.0010.000.996-0.0540.001
call12516.2519.4018.943.13763.007.000.995-0.0530.001
call12614.7518.4018.033.04182.003.000.995-0.0530.001
call12714.0017.4016.002.91680.001.000.995-0.0520.001
call12813.3516.4015.142.7921090.000.995-0.0520.001
call12911.6515.4014.262.66731.000.000.991-0.0870.002
call13011.4014.2513.772.4381445.000.985-0.1290.003
call1319.9012.7012.002.0232830.000.981-0.1540.003
call1329.4512.4012.102.2872502.000.966-0.2690.005
call1338.6011.259.812.06220514.000.955-0.3250.006
call1347.909.708.891.6682772.000.951-0.3160.007
call1356.458.408.001.39782610.000.944-0.3170.008
call1365.657.907.951.5164516.000.880-0.6630.014
call1373.706.656.001.2753897.000.866-0.6360.015
call1383.905.403.901.03526232.000.851-0.5850.016
call1392.305.155.001.21829120.000.772-0.8200.021
call1402.223.002.920.60541853.000.761-0.6050.021
call1410.953.002.000.85831611.000.628-0.9160.026
call1420.871.580.730.53470695.000.540-0.6750.027
call1430.210.970.900.4811,2772250.411-0.7310.026
call1440.210.450.190.4071,5563550.350-0.9610.025
call1450.090.210.090.3889871820.238-0.6940.021
call1460.030.180.060.4561,15960.000.224-0.8550.020
call1470.010.130.020.49647262.000.176-0.7620.018
call1480.010.220.010.40240079.000.108-0.4990.013
call1490.000.040.030.45997.002.000.068-0.3450.009
call1500.000.010.010.4632361.000.026-0.1380.004
call152.50.002.130.030.59567.000.000.029-0.2020.004
call1550.000.020.010.68785.000.000.044-0.2850.007
call157.50.002.130.000.8330.000.000.006-0.0540.001
call1600.000.050.010.94113.000.000.016-0.1360.003
call162.50.002.130.001.0560.000.000.005-0.0570.001
call1650.002.130.001.1640.000.000.004-0.0580.001
call167.50.002.130.001.2680.000.000.004-0.0590.001
call1700.002.130.091.3700.003.000.004-0.0600.001
call1750.002.130.001.5670.000.000.003-0.0610.001
call1800.002.130.001.7560.000.000.003-0.0630.001
call1850.002.130.001.9370.000.000.003-0.0640.001
call1900.002.130.002.1120.000.000.002-0.0650.001
call1950.002.130.002.2810.000.000.002-0.0660.000
put75.000.000.010.133.3421.000.00-0.002-0.0570.001
put80.000.002.130.014.1062.000.00-0.001-0.0670.000
put85.000.002.130.063.7002.000.00-0.001-0.0660.000
put90.000.002.130.003.3160.000.00-0.001-0.0660.000
put95.000.002.130.022.9502.000.00-0.002-0.0650.000
put1000.002.130.002.6030.000.00-0.002-0.0640.000
put1050.002.130.002.2690.000.00-0.002-0.0620.000
put1100.002.130.141.94831.000.00-0.002-0.0610.001
put1110.002.130.001.8860.000.00-0.003-0.0610.001
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Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-124Statement of changes in beneficial ownership of securities2026-11-10SEC
2026-10-234Statement of changes in beneficial ownership of securities2026-10-21SEC
2026-10-21144Filing for proposed sale of securities under Rule 144.SEC
2026-10-19CERTSEC
2026-10-168-A12BSEC
2026-10-168-KCurrent report2026-10-16SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-14SEC
2026-10-13424B2SEC
2026-10-09FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-10-09424B2SEC
2026-10-088-KCurrent report2026-10-08SEC
2026-10-0810-QQuarterly report pursuant to Section 13 or 15(d)2026-09-05SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-09-178-KCurrent report2026-09-17SEC
2026-08-074Statement of changes in beneficial ownership of securities2026-08-06SEC
2026-08-054Statement of changes in beneficial ownership of securities2026-08-03SEC
2026-07-294Statement of changes in beneficial ownership of securities2026-07-27SEC
2026-07-27144Filing for proposed sale of securities under Rule 144.SEC
2026-07-098-KCurrent report2026-07-09SEC
2026-07-0910-QQuarterly report pursuant to Section 13 or 15(d)2026-06-13SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-1023.69M14.05M1
2026-090000
2026-080000
2026-0700404.67K1
2026-060000
2026-050000
2026-040000
2026-03005.75M3
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.8.65%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
STATE STREET CORP4.54%
Invesco Ltd.3.31%
VANGUARD PORTFOLIO MANAGEMENT LLC2.72%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC2.64%
GEODE CAPITAL MANAGEMENT, LLC2.61%
JPMORGAN CHASE & CO2.14%
MORGAN STANLEY1.95%
BANK OF AMERICA CORP /DE/1.49%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND3.17%
VANGUARD 500 INDEX FUND2.59%
Schwab U.S. Dividend Equity ETF2.13%
Invesco QQQ Trust, Series 12.12%
PGIM Ultra Short Bond ETF1.90%
Nuveen Core Impact Bond Fund1.49%
College Retirement Equities Fund - Responsible Balanced Account1.39%
iShares Core S&P 500 ETF1.38%
Fidelity 500 Index Fund1.30%
Invesco BulletShares 2026 Corporate Bond ETF1.27%

OakChart. PEP. Cached 15 minutes. Terms