# Keurig Dr Pepper Inc. (KDP) — Stock CV

Keurig Dr Pepper Inc. is a $43.2B consumer staples company. Revenue grew 27.5% over the last year, it keeps 7¢ of every dollar of sales as profit, and its net debt equals ~7.7 years of free cash flow. It trades at 30.3× earnings — near the highest of its own history.

> Keurig Dr Pepper was established in 2018 following a merger between Keurig Green Mountain Coffee and Dr Pepper Snapple.

## Identity

- **Ticker**: KDP
- **Sector**: Consumer Defensive
- **Industry**: Beverages
- **Headquarters**: FRISCO, TX
- **Employees**: 30 600
- **Website**: https://www.keurigdrpepper.com
- **Market cap**: $43.2B
- **Last price**: $31.75
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $20.1B
- **Net income**: $1.43B
- **Free cash flow**: $1.97B
- **Net debt**: $15.1B
- **P/E**: 30.3
- **Revenue growth (YoY)**: 27.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 44 |
| Growth | 57 |
| Profitability | 43 |
| Health | 22 |
| Quality | 77 |
| Moat | 68 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +27.5% YoY
- [x] Profitable — $1.43B TTM
- [x] Profit growing — +14.9% YoY
- [x] Generates cash — $1.97B TTM
- [ ] Debt under control — ~7.7y of cash flow to repay
- [x] Established company — $43.2B market cap
- [x] Not printing shares — -4.2% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 10/100
- [x] Pays a dividend — yield 3.01%
- [x] Valuation not extreme — P/E 30.3

## Experience (career milestones)

- **2026** — KDP formally launched its all-cash takeover offer for JDE Peet’s at €31.85 per share after…
- **2025** — KDP struck a deal with private-equity companies KKR and Apollo Global Management, along with…
- **2024** — Keurig Dr Pepper agreed to acquire a 60% stake in Ghost, sports nutrition and energy drink company,…
- **FY2023** — Best year on record: $2.18B net income
- **2023** — The company acquired a 33% stake in La Colombe Coffee Roasters for US$300 million
- **2022** — The company entered into a definitive agreement to acquire global rights to Atypique, a Canadian…
- **FY2019** — Revenue crossed $10B: $11.1B for the year
- **2018** — Keurig Green Mountain acquired Dr Pepper Snapple Group in a transaction valued at $18.7 billion
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $6.44B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2006** — It acquired Keurig, Inc. in 2006 and changed its name to Keurig Green Mountain in 2014
- **1979** — Green Mountain Coffee Roasters, founded in 1979 in Vermont as a specialty coffee roaster, expanded nationwide in the…

## Strengths

- High gross margin (49.4%)
- Revenue growing 27.5% year over year

## Watch-outs

- Net debt equals ~7.7 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $12.7B | $2.15B | $2.45B |
| FY2022 | $14.1B | $1.44B | $2.48B |
| FY2023 | $14.8B | $2.18B | $904M |
| FY2024 | $15.4B | $1.44B | $1.66B |
| FY2025 | $16.6B | $2.08B | $1.50B |

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Source: https://stockcv.com/KDP — derived from company filings; may be delayed or incomplete. Information, not investment advice.