Net Profit Margin
since 2008
Calculation
Keurig Dr Pepper Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to KDP1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 16.92% | = | 100 | × | 2,146) | ÷ | 12,683) |
| Dec 31, 2020 | 11.40% | = | 100 | × | 1,325) | ÷ | 11,618) |
| Dec 31, 2019 | 11.28% | = | 100 | × | 1,254) | ÷ | 11,120) |
| Dec 31, 2018 | 7.87% | = | 100 | × | 586) | ÷ | 7,442) |
| Dec 31, 2017 | 16.08% | = | 100 | × | 1,076) | ÷ | 6,690) |
| Dec 31, 2016 | 13.15% | = | 100 | × | 847) | ÷ | 6,440) |
| Dec 31, 2015 | 12.16% | = | 100 | × | 764) | ÷ | 6,282) |
| Dec 31, 2014 | 11.49% | = | 100 | × | 703) | ÷ | 6,121) |
| Dec 31, 2013 | 10.41% | = | 100 | × | 624) | ÷ | 5,997) |
| Dec 31, 2012 | 10.49% | = | 100 | × | 629) | ÷ | 5,995) |
| Dec 31, 2011 | 10.27% | = | 100 | × | 606) | ÷ | 5,903) |
| Dec 31, 2010 | 9.37% | = | 100 | × | 528) | ÷ | 5,636) |
| Dec 31, 2009 | 10.03% | = | 100 | × | 555) | ÷ | 5,531) |
| Dec 31, 2008 | -5.46% | = | 100 | × | (312) | ÷ | 5,710) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
1 US$ in millions
The financial trajectory from 2008 to 2021 is characterized by a transition from initial losses to significant profitability, marked by a period of steady margin expansion, a sharp temporary contraction, and a subsequent phase of rapid scale and efficiency gains.
- Initial Recovery and Steady Expansion (2008–2017)
- Following a net loss of 312 million US dollars and a negative profit margin of -5.46% in 2008, a consistent recovery is observed. From 2009 to 2017, the net profit margin climbed steadily from 10.03% to a peak of 16.08%. This period was defined by modest but consistent growth in net sales, which rose from 5,531 million US dollars to 6,690 million US dollars, indicating a successful optimization of operating costs relative to revenue growth.
- The 2018 Profitability Contraction
- A significant divergence between revenue and profitability occurred in 2018. While net sales increased to 7,442 million US dollars, net income dropped sharply to 586 million US dollars, resulting in the lowest positive net profit margin of the period at 7.87%. This contraction suggests a substantial increase in operating expenses or non-recurring charges that outweighed the gains in sales volume.
- Accelerated Scaling and Margin Optimization (2019–2021)
- The final period is marked by a rapid acceleration in both top-line revenue and bottom-line efficiency. Net sales experienced a substantial jump, rising from 11,120 million US dollars in 2019 to 12,683 million US dollars by 2021. Concurrently, the net profit margin recovered from the 2018 low, reaching a historical maximum of 16.92% in 2021. This suggests the achievement of significant economies of scale and enhanced pricing power or cost management strategies during this growth phase.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Keurig Dr Pepper Inc., net profit margin, long-term trends, comparison to competitors
| Keurig Dr Pepper Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 16.92% | 25.28% | 14.97% | 9.59% | 29.00% |
| Dec 31, 2020 | 11.40% | 23.47% | 13.37% | 10.12% | 28.08% |
| Dec 31, 2019 | 11.28% | 23.94% | 14.96% | 10.89% | 24.11% |
| Dec 31, 2018 | 7.87% | 20.20% | 13.03% | 19.35% | 26.70% |
| Dec 31, 2017 | 16.08% | 3.52% | 11.28% | 7.65% | 20.99% |
| Dec 31, 2016 | 13.15% | 15.59% | 6.40% | 10.08% | 26.11% |
| Dec 31, 2015 | 12.16% | 16.60% | 24.52% | 8.65% | 25.65% |
| Dec 31, 2014 | 11.49% | 15.43% | 6.38% | 9.77% | 25.17% |
| Dec 31, 2013 | 10.41% | 18.32% | 11.09% | 10.15% | 27.47% |
| Dec 31, 2012 | 10.49% | 18.78% | 8.65% | 9.43% | 28.05% |
| Dec 31, 2011 | 10.27% | 18.42% | 6.49% | 9.69% | 27.63% |
| Dec 31, 2010 | 9.37% | 33.63% | 8.36% | 10.93% | 26.68% |
| Dec 31, 2009 | 10.03% | 22.02% | 7.48% | 13.75% | 25.33% |
| Dec 31, 2008 | -5.46% | 18.18% | 6.87% | 11.89% | 26.80% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Keurig Dr Pepper Inc., net profit margin, long-term trends, comparison to sector (food, beverage & tobacco)
| Keurig Dr Pepper Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 31, 2021 | 16.92% | 17.28% |
| Dec 31, 2020 | 11.40% | 16.69% |
| Dec 31, 2019 | 11.28% | 17.04% |
| Dec 31, 2018 | 7.87% | 19.88% |
| Dec 31, 2017 | 16.08% | 9.81% |
| Dec 31, 2016 | 13.15% | 13.66% |
| Dec 31, 2015 | 12.16% | 16.45% |
| Dec 31, 2014 | 11.49% | 13.18% |
| Dec 31, 2013 | 10.41% | 15.47% |
| Dec 31, 2012 | 10.49% | 15.02% |
| Dec 31, 2011 | 10.27% | 13.67% |
| Dec 31, 2010 | 9.37% | 17.42% |
| Dec 31, 2009 | 10.03% | 15.85% |
| Dec 31, 2008 | -5.46% | 14.49% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Industry (Consumer Staples)
Keurig Dr Pepper Inc., net profit margin, long-term trends, comparison to industry (consumer staples)
| Keurig Dr Pepper Inc. | Consumer Staples | |
|---|---|---|
| Dec 31, 2021 | 16.92% | 6.21% |
| Dec 31, 2020 | 11.40% | 6.22% |
| Dec 31, 2019 | 11.28% | 4.62% |
| Dec 31, 2018 | 7.87% | 6.05% |
| Dec 31, 2017 | 16.08% | 5.52% |
| Dec 31, 2016 | 13.15% | 5.88% |
| Dec 31, 2015 | 12.16% | 5.62% |
| Dec 31, 2014 | 11.49% | 6.00% |
| Dec 31, 2013 | 10.41% | 6.75% |
| Dec 31, 2012 | 10.49% | 6.65% |
| Dec 31, 2011 | 10.27% | 6.99% |
| Dec 31, 2010 | 9.37% | 7.59% |
| Dec 31, 2009 | 10.03% | 6.93% |
| Dec 31, 2008 | -5.46% | 6.75% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).