British American Tobacco p.l.c. vs Keurig Dr Pepper Inc., two Food & Beverage stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Keurig Dr Pepper leans on debt to fund its coffee-and-soda machine, 0.88 net to equity, where British American Tobacco carries none. The tobacco company is far more profitable, keeping 30.32% of revenue against KDP's 10.81%, and earns 16.13% on equity versus KDP's slim 6.28%. Cheapness runs both ways: BTI trades at 14.13 times earnings, KDP at 24.73, while KDP's 1.56 times book undercuts BTI's 2.25. Free cash favors the cigarette maker, 5.34% against 3.47%. Size is lopsided, $137.3B for BTI against $45.5B for KDP. BTI harvests a declining habit for cash today; KDP borrows to chase growth it has yet to earn on equity.
Comparison updated 2026-07-11.
| Metric | BTI | KDP |
|---|---|---|
| Price | $60.01 | $31.67 |
| Market cap | $131.2B | $43.2B |
| Sector | Food & Beverage | Food & Beverage |
| Stage | Mature | Mature |
| P/E | 13.5 | 23.5 |
| P/B | 2.15 | 1.48 |
| P/S | 4.05 | 2.55 |
| EV/EBITDA | 10.0 | 18.7 |
| Revenue growth | +0.0% | +9.2% |
| Gross margin | — | 52.8% |
| Operating margin | 39.0% | 19.0% |
| Net margin | 30.3% | 10.8% |
| Return on equity | 16.1% | 6.3% |
| Return on assets | 7.1% | 2.5% |
| Return on invested capital | 16.4% | 4.9% |
| FCF yield | 5.6% | 3.7% |
| Dividend yield | — | 2.9% |
| Debt / equity | 0.00 | 0.88 |
| Current ratio | 0.87 | 2.31 |
| Altman Z (solvency) | 6.81 | 1.24 |
| Piotroski F (quality) | 6 / 9 | 4 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.