Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-09), 10-Q (reporting date: 2023-06-17), 10-Q (reporting date: 2023-03-25), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-03), 10-Q (reporting date: 2022-06-11), 10-Q (reporting date: 2022-03-19), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-04), 10-Q (reporting date: 2021-06-12), 10-Q (reporting date: 2021-03-20), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-05), 10-Q (reporting date: 2020-06-13), 10-Q (reporting date: 2020-03-21), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-07), 10-Q (reporting date: 2019-06-15), 10-Q (reporting date: 2019-03-23).
Profitability ratio | Description | The company |
---|---|---|
Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | PepsiCo Inc. gross profit margin ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | PepsiCo Inc. operating profit margin ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | PepsiCo Inc. net profit margin ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Profitability ratio | Description | The company |
---|---|---|
ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | PepsiCo Inc. ROE deteriorated from Q2 2023 to Q3 2023 but then improved from Q3 2023 to Q4 2023 exceeding Q2 2023 level. |
ROA | A profitability ratio calculated as net income divided by total assets. | PepsiCo Inc. ROA improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Gross Profit Margin
Dec 30, 2023 | Sep 9, 2023 | Jun 17, 2023 | Mar 25, 2023 | Dec 31, 2022 | Sep 3, 2022 | Jun 11, 2022 | Mar 19, 2022 | Dec 25, 2021 | Sep 4, 2021 | Jun 12, 2021 | Mar 20, 2021 | Dec 26, 2020 | Sep 5, 2020 | Jun 13, 2020 | Mar 21, 2020 | Dec 28, 2019 | Sep 7, 2019 | Jun 15, 2019 | Mar 23, 2019 | |||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Gross profit | 14,753) | 12,778) | 12,201) | 9,858) | 14,576) | 11,663) | 10,810) | 8,767) | 13,118) | 10,795) | 10,337) | 8,149) | 12,029) | 9,935) | 8,857) | 7,754) | 11,294) | 9,494) | 9,045) | 7,196) | ||||||
Net revenue | 27,850) | 23,453) | 22,322) | 17,846) | 27,996) | 21,971) | 20,225) | 16,200) | 25,248) | 20,189) | 19,217) | 14,820) | 22,455) | 18,091) | 15,945) | 13,881) | 20,640) | 17,188) | 16,449) | 12,884) | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
Gross profit margin1 | 54.21% | 53.93% | 53.58% | 53.28% | 53.03% | 53.03% | 53.13% | 53.20% | 53.35% | 53.87% | 54.23% | 54.65% | 54.82% | 55.19% | 55.28% | 55.15% | 55.13% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||
Coca-Cola Co. | 59.52% | 59.14% | 58.52% | 58.09% | 58.14% | 58.49% | 58.89% | 60.27% | 60.27% | 60.72% | 60.61% | 59.42% | 59.31% | 59.90% | 60.04% | 60.66% | 60.77% | — | — | — | ||||||
Mondelēz International Inc. | 38.22% | 37.77% | 36.59% | 35.79% | 35.92% | 36.34% | 37.76% | 38.54% | 39.19% | 39.82% | 40.44% | 40.43% | 39.30% | 39.44% | 38.85% | 39.16% | 39.96% | — | — | — |
Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-09), 10-Q (reporting date: 2023-06-17), 10-Q (reporting date: 2023-03-25), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-03), 10-Q (reporting date: 2022-06-11), 10-Q (reporting date: 2022-03-19), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-04), 10-Q (reporting date: 2021-06-12), 10-Q (reporting date: 2021-03-20), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-05), 10-Q (reporting date: 2020-06-13), 10-Q (reporting date: 2020-03-21), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-07), 10-Q (reporting date: 2019-06-15), 10-Q (reporting date: 2019-03-23).
1 Q4 2023 Calculation
Gross profit margin = 100
× (Gross profitQ4 2023
+ Gross profitQ3 2023
+ Gross profitQ2 2023
+ Gross profitQ1 2023)
÷ (Net revenueQ4 2023
+ Net revenueQ3 2023
+ Net revenueQ2 2023
+ Net revenueQ1 2023)
= 100 × (14,753 + 12,778 + 12,201 + 9,858)
÷ (27,850 + 23,453 + 22,322 + 17,846)
= 54.21%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | PepsiCo Inc. gross profit margin ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Operating Profit Margin
Dec 30, 2023 | Sep 9, 2023 | Jun 17, 2023 | Mar 25, 2023 | Dec 31, 2022 | Sep 3, 2022 | Jun 11, 2022 | Mar 19, 2022 | Dec 25, 2021 | Sep 4, 2021 | Jun 12, 2021 | Mar 20, 2021 | Dec 26, 2020 | Sep 5, 2020 | Jun 13, 2020 | Mar 21, 2020 | Dec 28, 2019 | Sep 7, 2019 | Jun 15, 2019 | Mar 23, 2019 | |||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Operating profit | 1,683) | 4,015) | 3,659) | 2,629) | 815) | 3,353) | 2,077) | 5,267) | 2,562) | 3,159) | 3,129) | 2,312) | 2,826) | 3,011) | 2,319) | 1,924) | 2,699) | 2,855) | 2,729) | 2,008) | ||||||
Net revenue | 27,850) | 23,453) | 22,322) | 17,846) | 27,996) | 21,971) | 20,225) | 16,200) | 25,248) | 20,189) | 19,217) | 14,820) | 22,455) | 18,091) | 15,945) | 13,881) | 20,640) | 17,188) | 16,449) | 12,884) | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
Operating profit margin1 | 13.10% | 12.14% | 11.60% | 10.08% | 13.33% | 15.85% | 15.96% | 17.46% | 14.04% | 14.90% | 15.12% | 14.68% | 14.32% | 14.52% | 14.48% | 14.98% | 15.32% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||
Coca-Cola Co. | 24.72% | 24.68% | 24.76% | 24.99% | 25.37% | 24.81% | 24.96% | 27.39% | 26.67% | 29.03% | 28.49% | 27.93% | 27.25% | 26.36% | 26.29% | 26.98% | 27.06% | — | — | — | ||||||
Mondelēz International Inc. | 15.28% | 14.53% | 13.02% | 11.99% | 11.22% | 12.82% | 15.12% | 15.26% | 16.20% | 16.21% | 15.94% | 15.79% | 14.50% | 13.78% | 12.95% | 14.07% | 14.86% | — | — | — |
Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-09), 10-Q (reporting date: 2023-06-17), 10-Q (reporting date: 2023-03-25), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-03), 10-Q (reporting date: 2022-06-11), 10-Q (reporting date: 2022-03-19), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-04), 10-Q (reporting date: 2021-06-12), 10-Q (reporting date: 2021-03-20), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-05), 10-Q (reporting date: 2020-06-13), 10-Q (reporting date: 2020-03-21), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-07), 10-Q (reporting date: 2019-06-15), 10-Q (reporting date: 2019-03-23).
1 Q4 2023 Calculation
Operating profit margin = 100
× (Operating profitQ4 2023
+ Operating profitQ3 2023
+ Operating profitQ2 2023
+ Operating profitQ1 2023)
÷ (Net revenueQ4 2023
+ Net revenueQ3 2023
+ Net revenueQ2 2023
+ Net revenueQ1 2023)
= 100 × (1,683 + 4,015 + 3,659 + 2,629)
÷ (27,850 + 23,453 + 22,322 + 17,846)
= 13.10%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | PepsiCo Inc. operating profit margin ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Net Profit Margin
Dec 30, 2023 | Sep 9, 2023 | Jun 17, 2023 | Mar 25, 2023 | Dec 31, 2022 | Sep 3, 2022 | Jun 11, 2022 | Mar 19, 2022 | Dec 25, 2021 | Sep 4, 2021 | Jun 12, 2021 | Mar 20, 2021 | Dec 26, 2020 | Sep 5, 2020 | Jun 13, 2020 | Mar 21, 2020 | Dec 28, 2019 | Sep 7, 2019 | Jun 15, 2019 | Mar 23, 2019 | |||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Net income attributable to PepsiCo | 1,302) | 3,092) | 2,748) | 1,932) | 518) | 2,702) | 1,429) | 4,261) | 1,322) | 2,224) | 2,358) | 1,714) | 1,845) | 2,291) | 1,646) | 1,338) | 1,766) | 2,100) | 2,035) | 1,413) | ||||||
Net revenue | 27,850) | 23,453) | 22,322) | 17,846) | 27,996) | 21,971) | 20,225) | 16,200) | 25,248) | 20,189) | 19,217) | 14,820) | 22,455) | 18,091) | 15,945) | 13,881) | 20,640) | 17,188) | 16,449) | 12,884) | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
Net profit margin1 | 9.92% | 9.05% | 8.76% | 7.48% | 10.31% | 11.61% | 11.28% | 12.57% | 9.59% | 10.62% | 11.01% | 10.51% | 10.12% | 10.27% | 10.13% | 10.62% | 10.89% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||
Coca-Cola Co. | 23.42% | 23.92% | 23.81% | 22.69% | 22.19% | 23.44% | 23.16% | 25.69% | 25.28% | 23.31% | 22.19% | 21.59% | 23.47% | 24.90% | 26.77% | 26.95% | 23.94% | — | — | — | ||||||
Mondelēz International Inc. | 13.77% | 12.97% | 12.13% | 11.99% | 8.63% | 10.30% | 12.93% | 14.34% | 14.97% | 15.70% | 15.49% | 13.94% | 13.37% | 11.93% | 13.25% | 14.18% | 14.96% | — | — | — |
Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-09), 10-Q (reporting date: 2023-06-17), 10-Q (reporting date: 2023-03-25), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-03), 10-Q (reporting date: 2022-06-11), 10-Q (reporting date: 2022-03-19), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-04), 10-Q (reporting date: 2021-06-12), 10-Q (reporting date: 2021-03-20), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-05), 10-Q (reporting date: 2020-06-13), 10-Q (reporting date: 2020-03-21), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-07), 10-Q (reporting date: 2019-06-15), 10-Q (reporting date: 2019-03-23).
1 Q4 2023 Calculation
Net profit margin = 100
× (Net income attributable to PepsiCoQ4 2023
+ Net income attributable to PepsiCoQ3 2023
+ Net income attributable to PepsiCoQ2 2023
+ Net income attributable to PepsiCoQ1 2023)
÷ (Net revenueQ4 2023
+ Net revenueQ3 2023
+ Net revenueQ2 2023
+ Net revenueQ1 2023)
= 100 × (1,302 + 3,092 + 2,748 + 1,932)
÷ (27,850 + 23,453 + 22,322 + 17,846)
= 9.92%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | PepsiCo Inc. net profit margin ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Return on Equity (ROE)
Dec 30, 2023 | Sep 9, 2023 | Jun 17, 2023 | Mar 25, 2023 | Dec 31, 2022 | Sep 3, 2022 | Jun 11, 2022 | Mar 19, 2022 | Dec 25, 2021 | Sep 4, 2021 | Jun 12, 2021 | Mar 20, 2021 | Dec 26, 2020 | Sep 5, 2020 | Jun 13, 2020 | Mar 21, 2020 | Dec 28, 2019 | Sep 7, 2019 | Jun 15, 2019 | Mar 23, 2019 | |||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Net income attributable to PepsiCo | 1,302) | 3,092) | 2,748) | 1,932) | 518) | 2,702) | 1,429) | 4,261) | 1,322) | 2,224) | 2,358) | 1,714) | 1,845) | 2,291) | 1,646) | 1,338) | 1,766) | 2,100) | 2,035) | 1,413) | ||||||
Total PepsiCo common shareholders’ equity | 18,503) | 18,806) | 17,685) | 17,042) | 17,149) | 18,977) | 18,553) | 18,202) | 16,043) | 15,872) | 15,299) | 13,947) | 13,454) | 13,483) | 12,491) | 13,465) | 14,786) | 14,129) | 13,952) | 14,202) | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
ROE1 | 49.04% | 44.08% | 44.67% | 38.62% | 51.96% | 51.19% | 49.78% | 55.85% | 47.48% | 51.29% | 53.65% | 53.75% | 52.92% | 52.22% | 54.84% | 53.76% | 49.47% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
ROE, Competitors2 | ||||||||||||||||||||||||||
Coca-Cola Co. | 41.30% | 40.92% | 40.40% | 39.13% | 39.59% | 43.52% | 41.60% | 41.49% | 42.48% | 39.74% | 36.31% | 35.46% | 40.14% | 44.78% | 52.56% | 55.17% | 46.99% | — | — | — | ||||||
Mondelēz International Inc. | 17.50% | 16.09% | 14.45% | 13.97% | 10.11% | 11.78% | 14.04% | 14.89% | 15.21% | 16.08% | 15.66% | 13.96% | 12.89% | 11.60% | 13.18% | 14.38% | 14.19% | — | — | — |
Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-09), 10-Q (reporting date: 2023-06-17), 10-Q (reporting date: 2023-03-25), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-03), 10-Q (reporting date: 2022-06-11), 10-Q (reporting date: 2022-03-19), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-04), 10-Q (reporting date: 2021-06-12), 10-Q (reporting date: 2021-03-20), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-05), 10-Q (reporting date: 2020-06-13), 10-Q (reporting date: 2020-03-21), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-07), 10-Q (reporting date: 2019-06-15), 10-Q (reporting date: 2019-03-23).
1 Q4 2023 Calculation
ROE = 100
× (Net income attributable to PepsiCoQ4 2023
+ Net income attributable to PepsiCoQ3 2023
+ Net income attributable to PepsiCoQ2 2023
+ Net income attributable to PepsiCoQ1 2023)
÷ Total PepsiCo common shareholders’ equity
= 100 × (1,302 + 3,092 + 2,748 + 1,932)
÷ 18,503 = 49.04%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | PepsiCo Inc. ROE deteriorated from Q2 2023 to Q3 2023 but then improved from Q3 2023 to Q4 2023 exceeding Q2 2023 level. |
Return on Assets (ROA)
Dec 30, 2023 | Sep 9, 2023 | Jun 17, 2023 | Mar 25, 2023 | Dec 31, 2022 | Sep 3, 2022 | Jun 11, 2022 | Mar 19, 2022 | Dec 25, 2021 | Sep 4, 2021 | Jun 12, 2021 | Mar 20, 2021 | Dec 26, 2020 | Sep 5, 2020 | Jun 13, 2020 | Mar 21, 2020 | Dec 28, 2019 | Sep 7, 2019 | Jun 15, 2019 | Mar 23, 2019 | |||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
Net income attributable to PepsiCo | 1,302) | 3,092) | 2,748) | 1,932) | 518) | 2,702) | 1,429) | 4,261) | 1,322) | 2,224) | 2,358) | 1,714) | 1,845) | 2,291) | 1,646) | 1,338) | 1,766) | 2,100) | 2,035) | 1,413) | ||||||
Total assets | 100,495) | 99,953) | 95,906) | 93,042) | 92,187) | 94,461) | 93,103) | 92,962) | 92,377) | 93,254) | 92,385) | 91,224) | 92,918) | 92,041) | 89,525) | 85,062) | 78,547) | 77,444) | 75,084) | 75,466) | ||||||
Profitability Ratio | ||||||||||||||||||||||||||
ROA1 | 9.03% | 8.29% | 8.24% | 7.07% | 9.67% | 10.28% | 9.92% | 10.93% | 8.25% | 8.73% | 8.88% | 8.22% | 7.66% | 7.65% | 7.65% | 8.51% | 9.31% | — | — | — | ||||||
Benchmarks | ||||||||||||||||||||||||||
ROA, Competitors2 | ||||||||||||||||||||||||||
Coca-Cola Co. | 10.97% | 11.04% | 10.67% | 10.13% | 10.29% | 10.73% | 10.27% | 10.96% | 10.36% | 9.73% | 8.96% | 8.02% | 8.87% | 8.57% | 9.70% | 10.65% | 10.33% | — | — | — | ||||||
Mondelēz International Inc. | 6.95% | 6.48% | 5.75% | 5.42% | 3.82% | 4.61% | 5.85% | 6.17% | 6.41% | 6.61% | 6.49% | 5.70% | 5.24% | 4.72% | 5.34% | 5.81% | 6.00% | — | — | — |
Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-09), 10-Q (reporting date: 2023-06-17), 10-Q (reporting date: 2023-03-25), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-03), 10-Q (reporting date: 2022-06-11), 10-Q (reporting date: 2022-03-19), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-04), 10-Q (reporting date: 2021-06-12), 10-Q (reporting date: 2021-03-20), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-05), 10-Q (reporting date: 2020-06-13), 10-Q (reporting date: 2020-03-21), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-07), 10-Q (reporting date: 2019-06-15), 10-Q (reporting date: 2019-03-23).
1 Q4 2023 Calculation
ROA = 100
× (Net income attributable to PepsiCoQ4 2023
+ Net income attributable to PepsiCoQ3 2023
+ Net income attributable to PepsiCoQ2 2023
+ Net income attributable to PepsiCoQ1 2023)
÷ Total assets
= 100 × (1,302 + 3,092 + 2,748 + 1,932)
÷ 100,495 = 9.03%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
ROA | A profitability ratio calculated as net income divided by total assets. | PepsiCo Inc. ROA improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |