Pepsico (PEP) Debt to Equity (2009 - 2026)

Pepsico (PEP) reported Debt to Equity of $2.45 for Q1 2026, down 6.5% year-over-year from $2.62 in Q1 2025, and up 2.29% quarter-over-quarter from $2.39 in Q4 2025.

Pepsico (PEP) Debt to Equity (2009 - 2026) Analysis & Trends

Pepsico (PEP) has 18 years of Debt to Equity data on file, last reported at $2.45 in Q1 2026.

  • Debt to Equity for Q1 2026 came in at $2.45, down 6.5% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.45 (down 6.5% YoY), and the FY2025 annual result was $2.39, up 290.42% from the prior year.
  • Debt to Equity improved to $2.45 in Q1 2026 per PEP's latest filing, from $2.39 in the prior quarter.
  • Over five years, Debt to Equity peaked at $311.58 in Q2 2023 and troughed at -$3.19 in Q2 2025.
  • A 5-year average of $19.82 and a median of $2.05 in 2022 frame the typical range for Debt to Equity.
  • The sharpest annual moves came in 2022 and 2023: Debt to Equity plunged 142.13% in 2022, then soared 53652.64% in 2023.
  • A 5-year view of Debt to Equity shows it stood at -$2.55 in 2022, then jumped by 124.66% to $0.63 in 2023, then slipped by 2.65% to $0.61 in 2024, then jumped by 290.42% to $2.39 in 2025, then advanced by 2.29% to $2.45 in 2026.
  • Business Quant data shows PEP's Debt to Equity at $2.45 in Q1 2026, $2.39 in Q4 2025, and $2.6 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Coca Cola 341.39 Bn 332.40 Bn 7.85 Bn 1.22
2 Pepsico 194.25 Bn 183.58 Bn 10.73 Bn 2.45
3 Monster Beverage 89.38 Bn 86.39 Bn 1.29 Bn -
4 Coca Cola Femsa Sab De Cv 87.89 Bn 86.38 Bn 1.89 Bn -
5 Keurig Dr Pepper 41.86 Bn 27.96 Bn 2.10 Bn 1.02
6 Coca-Cola Consolidated 10.27 Bn 10.04 Bn 727.08 Mn -4.10
7 Primo Brands 8.82 Bn 8.54 Bn 464.90 Mn 1.74
8 Celsius Holdings 7.92 Bn 7.37 Bn 378.07 Mn 0.53
9 Vita Coco Company 4.80 Bn 4.59 Bn 71.81 Mn 0.00
10 National Beverage 3.40 Bn 3.09 Bn 99.60 Mn 0.02

Historic Data

Download Data
DateValue
Mar 21, 2026 2.45
Dec 27, 2025 2.39
Sep 6, 2025 2.60
Jun 14, 2025 -3.19
Mar 22, 2025 2.62
Dec 28, 2024 0.61
Sep 7, 2024 2.30
Jun 15, 2024 10.69
Mar 23, 2024 0.65
Dec 30, 2023 0.63
Sep 9, 2023 2.36
Jun 17, 2023 311.58
Mar 25, 2023 0.61
Dec 31, 2022 -2.55
Sep 3, 2022 2.05
Jun 11, 2022 0.58
Mar 19, 2022 0.59
Dec 25, 2021 -1.05
Sep 4, 2021 2.58
Jun 12, 2021 -2.85