Keurig Dr Pepper Inc. (KDP) closed fiscal year 2025 with a gross margin of 54.2 % and a net margin of 12.5 %.
Keurig Dr Pepper Inc. (KDP) closed fiscal year 2025 with a gross margin of 54.2 % and a net margin of 12.5 %. The same year shows an EBITDA margin of 25.1 % and an EBIT margin of 21.5 %. The free cash flow margin was 9.1 %. Against the previous year the gross margin moved −1.4 pp and the net margin +3.1 pp. Across the period the gross margin ranges between 52.1 % in 2022 and 60.2 % in 2010. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 54.64 % | 59.61 % | 60.20 % | 57.90 % | 58.30 % | 58.33 % | 59.30 % | 59.26 % | 59.91 % | 59.72 % | 52.16 % | 57.03 % | 55.83 % | 55.01 % | 52.10 % | 54.54 % | 55.56 % | 54.20 % |
| EBITDA margin (%) | -0.47 % | 22.64 % | 21.75 % | 20.85 % | 21.68 % | 20.83 % | 22.61 % | 23.81 % | 25.26 % | 23.81 % | 21.38 % | 25.74 % | 25.61 % | 27.11 % | 22.35 % | 25.19 % | 20.49 % | 25.10 % |
| EBIT margin (%) | -2.94 % | 19.62 % | 18.19 % | 17.35 % | 18.22 % | 17.44 % | 19.28 % | 20.66 % | 22.25 % | 20.75 % | 16.62 % | 21.38 % | 21.35 % | 22.82 % | 18.53 % | 21.55 % | 16.88 % | 21.53 % |
| Net margin (%) | -5.46 % | 10.03 % | 9.37 % | 10.27 % | 10.49 % | 10.41 % | 11.49 % | 12.16 % | 13.15 % | 16.08 % | 7.87 % | 11.28 % | 11.40 % | 16.92 % | 10.22 % | 14.72 % | 9.39 % | 12.52 % |
| FCF margin (%) | 7.09 % | 9.91 % | 40.61 % | 9.23 % | 4.42 % | 11.46 % | 13.92 % | 13.29 % | 12.13 % | 12.50 % | 19.26 % | 19.28 % | 17.17 % | 19.33 % | 17.67 % | 6.10 % | 10.79 % | 9.06 % |
