Return on Equity (ROE)
since 2005
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PepsiCo Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Debt
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Calculation
PepsiCo Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income attributable to PepsiCo1 | ÷ | Total PepsiCo shareholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 27, 2025 | = | 100 | × | ÷ | |||
| Dec 28, 2024 | = | 100 | × | ÷ | |||
| Dec 30, 2023 | = | 100 | × | ÷ | |||
| Dec 31, 2022 | = | 100 | × | ÷ | |||
| Dec 25, 2021 | = | 100 | × | ÷ | |||
| Dec 26, 2020 | = | 100 | × | ÷ | |||
| Dec 28, 2019 | = | 100 | × | ÷ | |||
| Dec 29, 2018 | = | 100 | × | ÷ | |||
| Dec 30, 2017 | = | 100 | × | ÷ | |||
| Dec 31, 2016 | = | 100 | × | ÷ | |||
| Dec 26, 2015 | = | 100 | × | ÷ | |||
| Dec 27, 2014 | = | 100 | × | ÷ | |||
| Dec 28, 2013 | = | 100 | × | ÷ | |||
| Dec 29, 2012 | = | 100 | × | ÷ | |||
| Dec 31, 2011 | = | 100 | × | ÷ | |||
| Dec 25, 2010 | = | 100 | × | ÷ | |||
| Dec 26, 2009 | = | 100 | × | ÷ | |||
| Dec 27, 2008 | = | 100 | × | ÷ | |||
| Dec 29, 2007 | = | 100 | × | ÷ | |||
| Dec 30, 2006 | = | 100 | × | ÷ | |||
| Dec 31, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The return on equity (ROE) for the analyzed period demonstrates considerable fluctuation, generally trending upwards with notable peaks and valleys. Initial values in the early part of the period are strong, followed by a period of volatility, and then a surge in later years before a recent moderation.
- Overall Trend
- From 2005 to 2025, the ROE experienced significant variability. The initial years (2005-2008) show a generally increasing trend, peaking at 42.47% in 2008. A subsequent decline is observed in 2009, followed by a period of relative stability and then a dramatic increase in 2018, reaching a high of 86.20%. Following this peak, the ROE decreased in 2019, then stabilized in the early 2020s before a slight decline in the most recent year.
- Early Period (2005-2009)
- The ROE began at 28.62% in 2005 and increased to 36.71% in 2006. It continued to rise to 32.83% in 2007 before reaching its first peak of 42.47% in 2008. A decrease to 35.38% occurred in 2009, potentially reflecting the impact of the global financial crisis.
- Mid-Period (2010-2017)
- The period between 2010 and 2017 demonstrates a more moderate range of ROE values, generally fluctuating between approximately 27.71% and 57.04%. There is no strong directional trend during this time, with values oscillating within this range. A notable increase is observed from 2015 (45.73%) to 2016 (57.04%).
- Recent Period (2018-2025)
- A substantial increase in ROE is evident in 2018, reaching 86.20%, significantly higher than any previous value in the analyzed timeframe. This was followed by a decrease to 49.47% in 2019. The ROE then remained relatively stable, fluctuating between approximately 47.48% and 53.09% from 2020 to 2024, before decreasing to 40.38% in 2025. This recent decline suggests a potential shift in profitability relative to shareholder equity.
- Relationship to Equity
- The significant increase in ROE in 2018 appears to be strongly correlated with a substantial increase in net income attributable to the company, while the change in shareholder equity was less pronounced. The subsequent moderation in ROE from 2019 onwards is likely due to a combination of factors, including fluctuations in net income and changes in the level of shareholder equity.
Comparison to Competitors
PepsiCo Inc., ROE, long-term trends, comparison to competitors
| PepsiCo Inc. | Coca-Cola Co. | Mondelēz International Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|
| Dec 27, 2025 | ||||
| Dec 28, 2024 | ||||
| Dec 30, 2023 | ||||
| Dec 31, 2022 | ||||
| Dec 25, 2021 | ||||
| Dec 26, 2020 | ||||
| Dec 28, 2019 | ||||
| Dec 29, 2018 | ||||
| Dec 30, 2017 | ||||
| Dec 31, 2016 | ||||
| Dec 26, 2015 | ||||
| Dec 27, 2014 | ||||
| Dec 28, 2013 | ||||
| Dec 29, 2012 | ||||
| Dec 31, 2011 | ||||
| Dec 25, 2010 | ||||
| Dec 26, 2009 | ||||
| Dec 27, 2008 | ||||
| Dec 29, 2007 | ||||
| Dec 30, 2006 | ||||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
PepsiCo Inc., ROE, long-term trends, comparison to sector (food, beverage & tobacco)
| PepsiCo Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 27, 2025 | ||
| Dec 28, 2024 | ||
| Dec 30, 2023 | ||
| Dec 31, 2022 | ||
| Dec 25, 2021 | ||
| Dec 26, 2020 | ||
| Dec 28, 2019 | ||
| Dec 29, 2018 | ||
| Dec 30, 2017 | ||
| Dec 31, 2016 | ||
| Dec 26, 2015 | ||
| Dec 27, 2014 | ||
| Dec 28, 2013 | ||
| Dec 29, 2012 | ||
| Dec 31, 2011 | ||
| Dec 25, 2010 | ||
| Dec 26, 2009 | ||
| Dec 27, 2008 | ||
| Dec 29, 2007 | ||
| Dec 30, 2006 | ||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
PepsiCo Inc., ROE, long-term trends, comparison to industry (consumer staples)
| PepsiCo Inc. | Consumer Staples | |
|---|---|---|
| Dec 27, 2025 | ||
| Dec 28, 2024 | ||
| Dec 30, 2023 | ||
| Dec 31, 2022 | ||
| Dec 25, 2021 | ||
| Dec 26, 2020 | ||
| Dec 28, 2019 | ||
| Dec 29, 2018 | ||
| Dec 30, 2017 | ||
| Dec 31, 2016 | ||
| Dec 26, 2015 | ||
| Dec 27, 2014 | ||
| Dec 28, 2013 | ||
| Dec 29, 2012 | ||
| Dec 31, 2011 | ||
| Dec 25, 2010 | ||
| Dec 26, 2009 | ||
| Dec 27, 2008 | ||
| Dec 29, 2007 | ||
| Dec 30, 2006 | ||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).