Keurig Dr Pepper Inc. (KDP) stock — is it a good business?

Keurig Dr Pepper Inc. (KDP) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Keurig Dr Pepper's results release of November 3, 2026; its quarterly report has since been filed.

Revenue
Actual
$7.34B
+71% y/y
+0.5% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.59
+20% y/y
Guided
—
No guide given
EPS, adjusted: $0.66
Operating income, GAAP
Actual
$1.33B
+34% y/y
+112% q/q
Guided
—
No guide given
Operating income, adjusted: $1.7B

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

U.S. packaged drinks and beverage concentrates49%
U.S. coffee, pods and brewers16%
International drinks and coffee11%
JDE Peet's coffee25%

Shares of revenue are estimates for first six months of 2026, not figures from a filing.

Competes with

What it sells6

Dr Pepper
A carbonated soft drink sold in cans, bottles and fountain servings.
Keurig brewers
Single-serve machines that brew coffee and other drinks from pods.
K-Cup pods
Single-serving pods for Keurig brewers, containing coffee, tea, cocoa or other drinks.

Show 3 more

Green Mountain Coffee Roasters
Coffee sold in K-Cup pods and other packages, including bags.
Snapple
Branded packaged drinks, including teas and juices.
Jacobs, L'OR and Peet's coffee
Coffee brands sold in markets around the world, including coffee capsules, beans and other formats.

Who buys it6

Supermarkets, mass merchandisers, club stores, convenience stores, drug stores and online retailers buy drinks, coffee pods, brewers and accessories for resale.
Walmart is the company's largest retailer and accounted for approximately 16% of net sales (2025, high confidence).
Bottlers and distributors buy concentrates, syrups and finished drinks, and sell or distribute products in assigned territories.

Show 3 more

Fast-food restaurants and other fountain customers buy syrup and mix it with water and carbonation to serve drinks to consumers.
Offices, hotels and other businesses buy brewers, accessories and coffee pods through away-from-home distributors.
Consumers buy drinks and coffee products from retailers and can buy brewers, pods and other coffee products directly through the company's websites.

What it stands on, and what could break it

What the business leans on

1Many drinks reach stores through third-party bottlers and distributors, including companies that may also sell competing beverages.
2The business depends on green coffee, sweeteners, aluminum cans, plastic bottles, packaging, water, fuel and other materials whose availability and prices can change.
3Keurig brewers are made by third-party manufacturers, and the company relies on a limited number of suppliers and manufacturers for those appliances.
4Coffee pods and some beverages rely on long-term agreements to use partner brands, including agreements with other coffee and beverage companies.

What could go wrong

1Supply disruptions and changing prices for coffee, packaging, ingredients, fuel and transportation can interrupt production or raise costs.
2Changes in consumer tastes, competition, or concerns about product safety, health effects, ingredients or packaging could reduce demand for the company's drinks and coffee products.
3Integrating JDE Peet's, managing the debt and costs tied to its acquisition, and completing the planned separation of the beverage and coffee businesses could disrupt operations or fail to deliver the intended benefits.

Full financial statements →

About Keurig Dr Pepper Inc.

Keurig Dr Pepper makes and sells branded drinks, including Dr Pepper, Canada Dry, Snapple and GHOST, and supplies drink concentrates and syrups to bottlers and restaurants. It sells Keurig brewers and coffee pods for home and workplace use, as well as bagged and ready-to-drink coffee. Since acquiring JDE Peet's in April 2026, it has also sold coffee internationally under brands including Jacobs, L'OR and Peet's.

Head office: Burlington, Massachusetts
Founded: 2018
Employees: >50,000 (Q2 2026, medium)
Listed on: Nasdaq
Financial year ends: December 31

Built from Keurig Dr Pepper Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Keurig Dr Pepper's results release of November 3, 2026; its quarterly report has since been filed.

Revenue
Actual
$7.34B
+71% y/y
+0.5% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.59
+20% y/y
Guided
—
No guide given
EPS, adjusted: $0.66
Operating income, GAAP
Actual
$1.33B
+34% y/y
+112% q/q
Guided
—
No guide given
Operating income, adjusted: $1.7B

The full earnings report →

Keep exploring

The themes Keurig Dr Pepper is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Beverages Non Alcoholic

Graded A or B and worth $2B or more: A first, then the largest.

All 16 graded companies in its industry

Grade rose recently in Consumer Staples

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises

How it makes money

U.S. packaged drinks and beverage concentrates49%
U.S. coffee, pods and brewers16%
International drinks and coffee11%
JDE Peet's coffee25%

Shares of revenue are estimates for first six months of 2026, not figures from a filing.

Competes with

What it sells6

Dr Pepper
A carbonated soft drink sold in cans, bottles and fountain servings.
Keurig brewers
Single-serve machines that brew coffee and other drinks from pods.
K-Cup pods
Single-serving pods for Keurig brewers, containing coffee, tea, cocoa or other drinks.

Show 3 more

Green Mountain Coffee Roasters
Coffee sold in K-Cup pods and other packages, including bags.
Snapple
Branded packaged drinks, including teas and juices.
Jacobs, L'OR and Peet's coffee
Coffee brands sold in markets around the world, including coffee capsules, beans and other formats.

Who buys it6

Supermarkets, mass merchandisers, club stores, convenience stores, drug stores and online retailers buy drinks, coffee pods, brewers and accessories for resale.
Walmart is the company's largest retailer and accounted for approximately 16% of net sales (2025, high confidence).
Bottlers and distributors buy concentrates, syrups and finished drinks, and sell or distribute products in assigned territories.

Show 3 more

Fast-food restaurants and other fountain customers buy syrup and mix it with water and carbonation to serve drinks to consumers.
Offices, hotels and other businesses buy brewers, accessories and coffee pods through away-from-home distributors.
Consumers buy drinks and coffee products from retailers and can buy brewers, pods and other coffee products directly through the company's websites.