PEPSICO INC (PEP) closed fiscal year 2025 with a gross margin of 54.1 % and a net margin of 8.8 %.
PEPSICO INC (PEP) closed fiscal year 2025 with a gross margin of 54.1 % and a net margin of 8.8 %. The same year shows an EBITDA margin of 15.9 % and an EBIT margin of 12.2 %. The free cash flow margin was 8.2 %. Against the previous year the gross margin moved −0.4 pp and the net margin −1.7 pp. Across the period the gross margin ranges between 52.2 % in 2012 and 55.1 % in 2019. The series covers 19 fiscal years, from 2007 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
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 54.30 % | 52.95 % | 53.51 % | 54.05 % | 52.49 % | 52.22 % | 52.96 % | 53.15 % | 54.44 % | 55.06 % | 54.67 % | 54.56 % | 55.13 % | 54.82 % | 53.35 % | 53.03 % | 54.21 % | 54.55 % | 54.15 % |
| EBITDA margin (%) | 21.81 % | 19.66 % | 22.39 % | 18.43 % | 18.60 % | 18.02 % | 18.62 % | 18.30 % | 17.08 % | 19.38 % | 19.91 % | 19.35 % | 18.94 % | 17.94 % | 17.45 % | 16.52 % | 16.33 % | 17.47 % | 15.92 % |
| EBIT margin (%) | 18.19 % | 16.09 % | 18.61 % | 14.41 % | 14.48 % | 13.91 % | 14.61 % | 14.37 % | 13.25 % | 15.61 % | 16.18 % | 15.64 % | 15.32 % | 14.32 % | 14.04 % | 13.33 % | 13.10 % | 14.03 % | 12.24 % |
| Net margin (%) | 14.33 % | 11.89 % | 13.75 % | 10.93 % | 9.69 % | 9.43 % | 10.15 % | 9.77 % | 8.65 % | 10.08 % | 7.65 % | 19.35 % | 10.89 % | 10.12 % | 9.59 % | 10.31 % | 9.92 % | 10.43 % | 8.77 % |
| FCF margin (%) | 11.41 % | 10.53 % | 10.80 % | 8.98 % | 8.43 % | 8.80 % | 10.38 % | 11.47 % | 12.86 % | 12.14 % | 11.12 % | 9.48 % | 8.07 % | 9.06 % | 8.80 % | 6.49 % | 8.66 % | 7.83 % | 8.17 % |
