Operating Profit Margin
since 2008
Calculation
Keurig Dr Pepper Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Income (loss) from operations1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 22.82% | = | 100 | × | 2,894) | ÷ | 12,683) |
| Dec 31, 2020 | 21.35% | = | 100 | × | 2,480) | ÷ | 11,618) |
| Dec 31, 2019 | 21.38% | = | 100 | × | 2,378) | ÷ | 11,120) |
| Dec 31, 2018 | 16.62% | = | 100 | × | 1,237) | ÷ | 7,442) |
| Dec 31, 2017 | 20.75% | = | 100 | × | 1,388) | ÷ | 6,690) |
| Dec 31, 2016 | 22.25% | = | 100 | × | 1,433) | ÷ | 6,440) |
| Dec 31, 2015 | 20.66% | = | 100 | × | 1,298) | ÷ | 6,282) |
| Dec 31, 2014 | 19.28% | = | 100 | × | 1,180) | ÷ | 6,121) |
| Dec 31, 2013 | 17.44% | = | 100 | × | 1,046) | ÷ | 5,997) |
| Dec 31, 2012 | 18.22% | = | 100 | × | 1,092) | ÷ | 5,995) |
| Dec 31, 2011 | 17.35% | = | 100 | × | 1,024) | ÷ | 5,903) |
| Dec 31, 2010 | 18.19% | = | 100 | × | 1,025) | ÷ | 5,636) |
| Dec 31, 2009 | 19.62% | = | 100 | × | 1,085) | ÷ | 5,531) |
| Dec 31, 2008 | -2.94% | = | 100 | × | (168) | ÷ | 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 data demonstrates notable trends in the company’s operational performance and sales from 2008 through 2021. The income (loss) from operations exhibits significant improvement beginning with a substantial loss in 2008 and transitioning to consistent positive income thereafter. This recovery and growth suggest strengthening operational efficiency or market positioning.
Net sales show a generally upward trajectory over the examined period. Despite a slight decline from 2008 to 2009, sales steadily increased year-over-year from 2010 forward, with particularly strong growth from 2018 onward. This pattern reflects expanding revenue generation and possibly successful market strategies or product demand.
Operating profit margin, expressed as a percentage, mirrors the operational income trend and confirms enhanced profitability. After a negative margin in 2008, margins stabilized in the mid to high teens in subsequent years and further improved to exceed 20% from 2015. The company maintained margins around or above 20% from 2015 through 2021, indicating effective control over operating expenses relative to sales and sustained profitability.
- Income (loss) from operations
- Shifted from a loss of $168 million in 2008 to steady profits in all subsequent years, reaching $2,894 million by 2021, demonstrating strong operational growth.
- Net sales
- Increased from $5,710 million in 2008 to $12,683 million in 2021, with consistent annual growth particularly pronounced after 2017, reflecting expanded sales volume or higher pricing.
- Operating profit margin
- Improved from a negative margin in 2008 to consistently above 16% from 2010 onward, peaking near 23% in 2021, indicative of enhanced profitability and operational efficiency.
Overall, the data indicates a robust recovery and sustained improvement in financial performance, highlighted by rising sales and operating earnings alongside stable and increasing profitability ratios.
Comparison to Competitors
Keurig Dr Pepper Inc., operating 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 | 22.82% | 26.67% | 16.20% | 14.04% | 41.32% |
| Dec 31, 2020 | 21.35% | 27.25% | 14.50% | 14.32% | 40.66% |
| Dec 31, 2019 | 21.38% | 27.06% | 14.86% | 15.32% | 35.33% |
| Dec 31, 2018 | 16.62% | 27.31% | 12.77% | 15.64% | 38.40% |
| Dec 31, 2017 | 20.75% | 21.18% | 13.54% | 16.54% | 40.01% |
| Dec 31, 2016 | 22.25% | 20.61% | 9.91% | 15.58% | 40.53% |
| Dec 31, 2015 | 20.66% | 19.70% | 30.02% | 13.25% | 39.65% |
| Dec 31, 2014 | 19.28% | 21.11% | 9.47% | 14.37% | 39.31% |
| Dec 31, 2013 | 17.44% | 21.83% | 11.25% | 14.61% | 43.29% |
| Dec 31, 2012 | 18.22% | 22.45% | 10.39% | 13.91% | 44.18% |
| Dec 31, 2011 | 17.35% | 21.82% | 12.25% | 14.48% | 42.90% |
| Dec 31, 2010 | 18.19% | 24.06% | 11.51% | 14.41% | 41.16% |
| Dec 31, 2009 | 19.62% | 26.56% | 13.68% | 18.61% | 40.10% |
| Dec 31, 2008 | -2.94% | 26.44% | 9.04% | 16.03% | 39.87% |
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).