Keurig Dr Pepper (KDP) FY2025 10-K Annual Report
Keurig Dr Pepper (KDP) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Keurig Dr Pepper FY2025 10-K Analysis
Business Overview
- • North American beverage company manufacturing/distributing hot & cold beverages and Keurig single-serve brewing systems across 125+ owned, licensed, and partner brands
- • Aug 2025: announced acquisition of JDE Peet's (Jacobs, L'OR, Peet's brands) with planned post-close separation into two independent public companies — beverage vs coffee
Management Discussion & Analysis
- • Revenue $16,603M, up $1,252M (+8.2%) YoY; volume/mix +4.8% (GHOST acquisition +3.8pp) and net price realization +3.8%
- • Gross margin 54.2% vs 55.6% (-140 bps); operating margin 21.5% vs 16.9% (+460 bps), latter aided by prior-year impairment charges ($640M goodwill + intangibles) and $225M ABI termination fee comparison
Risk Factors
- • JDE Peet's acquisition (announced Aug 24, 2025) adds Russia exposure — 6% of JDE Peet's consolidated revenue, subject to Ukraine-conflict sanctions risk
- • Significant debt load post-JDE Peet's close plus Convertible Preferred Stock at 4.75% dividend rate risks credit rating downgrade from Moody's/S&P
Keurig Dr Pepper FY2025 Key Financial MetricsXBRL
Revenue
$16.6B
▲ +8.2% YoY
Net Income
$2.1B
▲ +44.3% YoY
Gross Margin
54.2%
▼ -136bp YoY
Operating Margin
21.5%
▲ +465bp YoY
Net Margin
12.5%
▲ +313bp YoY
ROE
8.1%
▲ +220bp YoY
Total Assets
$55.5B
▲ +3.8% YoY
EPS (Diluted)
$1.53
▲ +45.7% YoY
Operating Cash Flow
$2.0B
▼ -10.3% YoY
Source: XBRL data from Keurig Dr Pepper FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other Keurig Dr Pepper Annual Reports
Get deeper insights on Keurig Dr Pepper
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.