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Ambev vs Keurig Dr Pepper

Ambev and Keurig Dr Pepper are similar in size: $15.81bn and $16.60bn of revenue in their latest fiscal years. Keurig Dr Pepper grew faster (8.2% against -5.2%). Ambev kept more of each dollar of sales as profit: a net margin of 17.6% against 12.5%.

Latest fiscal yearAmbevABEV, 2025Keurig Dr PepperKDP, 2025
Revenue $15.81bn $16.60bn
Revenue growth -5.2% 8.2%
Net income $2.78bn $2.08bn
Operating margin 26.4% —
Net margin 17.6% 12.5%
Return on equity 17.4% 8.4%
Free cash flow $3.56bn $1.50bn
Cash $3.40bn $1.03bn
Total debt $618m $16.14bn
Debt to equity 3.9% —
Dividend per share — $0.92
Dividend yield — 2.5%
Share buybacks — $9.0m
Employees — 30,600
Market value $41.93bn $48.29bn
Price vs our value range Below our value range Above our value range
Moat score — 76 (Strong)
Insider trades, 12 months 0 buys, 5 sales 1 buys, 4 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.