DIAGEO plc vs Keurig Dr Pepper Inc., two Food & Beverage stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Spirits against coffee and soda, and the returns lean toward the distiller. Diageo earns 18.53% on equity against KDP's slim 6.28%, and carries no net debt where KDP runs 0.88. Their net margins are close, 9.08% for Diageo and 10.81% for KDP. On earnings Diageo is the cheaper name, 19.73 times against KDP's 24.73, though KDP's beaten-down 1.56 times book sits well under Diageo's 3.39. Diageo's reported free cash yield of 27.68% towers over KDP's 3.47%, but an outsized figure like that usually marks a one-time working-capital move, so weigh it gently. Both are similar in size, $46.4B for Diageo and $45.5B for KDP.
Comparison updated 2026-07-11.
| Metric | DEO | KDP |
|---|---|---|
| Price | $81.96 | $31.67 |
| Market cap | $45.5B | $43.2B |
| Sector | Food & Beverage | Food & Beverage |
| Stage | Mature | Mature |
| P/E | 19.4 | 23.5 |
| P/B | 3.32 | 1.48 |
| P/S | 1.63 | 2.55 |
| EV/EBITDA | 10.0 | 18.7 |
| Revenue growth | +4.2% | +9.2% |
| Gross margin | 43.5% | 52.8% |
| Operating margin | 15.5% | 19.0% |
| Net margin | 9.1% | 10.8% |
| Return on equity | 18.5% | 6.3% |
| Return on assets | 5.0% | 2.5% |
| Return on invested capital | 22.7% | 4.9% |
| FCF yield | 28.2% | 3.7% |
| Dividend yield | — | 2.9% |
| Debt / equity | 0.00 | 0.88 |
| Current ratio | 1.60 | 2.31 |
| Altman Z (solvency) | 2.00 | 1.24 |
| Piotroski F (quality) | 4 / 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.