KDP Keurig Dr Pepper margins

Relative Growth: Rel. Growth: 75

Relative Strength: Rel. Strength: 67

Relative Valuation: Rel. Valuation: 44

Relative Profitability: Rel. Profitability: 57

Gross margin

49.4%

Operating margin

16.2%

EBITDA margin

18.6%

Net margin

7.1%

Using the latest TTM figures, Keurig Dr Pepper shows a gross margin of 49.4%, an operating margin of 16.2%, an EBITDA margin of 18.6%, and a net margin of 7.1%. Gross margin had the largest decline, falling by 5.5 percentage points, while the other available margins also weakened.

KDP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Keurig Dr Pepper recorded average margins of 54.49% gross, 19.65% operating, 23.22% EBITDA, and 11.61% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.

KDP margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all declined, with gross margin showing the largest decrease at 5.5 percentage points.

Gross margin expansion

-5.5pp

Operating margin expansion

-0.7pp

EBITDA margin expansion

-2.2pp

Net margin expansion

-2.6pp

KDP Gross margin

The average gross margin for Keurig Dr Pepper was 54.49% during the last 3 years. At present, the current gross margin for Keurig Dr Pepper is 49.4%, 5.1 percentage points below its three-year average. The gross margin for Keurig Dr Pepper moved between 49.4% in Jun 2026 and 55.8% in Jun 2024.

KDP Operating margin

Across the last 3 years, Keurig Dr Pepper's operating margin stood at 19.65%. The current operating margin stands at 16.2%, 3.5 percentage points below its three-year average. Operating margin was highest at 23% in Jun 2024 and lowest at 16.2% in Jun 2026.

KDP EBITDA margin

Keurig Dr Pepper recorded an average EBITDA margin of 23.22% across the last 3 years. Keurig Dr Pepper currently reports an EBITDA margin of 18.6%, 4.6 percentage points below its three-year average. The EBITDA margin for Keurig Dr Pepper moved between 18.6% in Jun 2026 and 26.9% in Jun 2024.

KDP Net margin

Across the last 3 years, Keurig Dr Pepper's net margin stood at 11.61%. Keurig Dr Pepper's current net margin is 7.1% and is 4.5 percentage points below its three-year average. Net margin was highest at 15% in Sep 2024 and lowest at 7.1% in Jun 2026.

KDP margin group comparison

Margins compared with peer-group, industry and sector averages

Keurig Dr Pepper's gross margin of 49.4% is above the Consumer Defensive sector and the industry average. Compared to its Consumer Defensive sector average of 36.6%, Keurig Dr Pepper's gross margin is 35% higher.

KDP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Keurig Dr Pepper's gross margin?

The current gross margin for KDP is 49.4% as of Jun 30, 2026.

What is Keurig Dr Pepper's operating margin?

The current operating margin for KDP is 16.2% as of Jun 30, 2026.

What is Keurig Dr Pepper's EBITDA margin?

As of Jun 30, 2026, KDP has an EBITDA margin of 18.6%.

What is Keurig Dr Pepper's net margin?

As of Jun 30, 2026, KDP has a net margin of 7.1%.

What are the average margins of KDP?

The three-year average margins for KDP were 54.5% gross, 19.7% operating, 23.2% EBITDA, and 11.6% net.

What are the highest historical margins of KDP?

Within the 5-year period, KDP recorded its highest margins at 55.8% gross in Jun 2024, 25% operating in Mar 2022, 33.2% EBITDA in Mar 2022, and 18.7% net in Mar 2022.

What are the lowest historical margins of KDP?

Over the last 5 years, Keurig Dr Pepper's lowest margins were 49.4% gross in Jun 2026, 15.5% operating in Mar 2023, 18.2% EBITDA in Mar 2023, and 7.1% net in Jun 2026.