KDP
Keurig Dr Pepper Inc. Consumer Staples Beverages S&P 500Nasdaq-100Russell 3000
$35.84Close
$48.7BMarket cap
$25.13 – $35.8452-week range
Nov 3, 2026Next report · before the open
Highlights
Strengths
- In a stage-2 uptrend all 8 trend conditions pass
- Leading the market RS 81 · stronger than 81% of stocks over 12 months
- RS line at a 1-year high outperforming the S&P 500 more than at any point this year
- Near its high at its 52-week high
Cautions
- Extended 5.1 ATR above its 50-day average
- Earnings shrinking EPS −74% year on year
- Results soon Nov 3, 2026, in 2 days
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
0%
1wk
up 3.3%
price change
1mo
up 18.1%
price change
12-month return
up 33%
market up 11% ·
its own up 24%
F-score
6 / 9
Mixed
Altman Z
1.56
Elevated risk
P/E
23.4×
price / earnings
PEG
0.52
P/E / EPS growth
P/B
1.9×
price / book
Earnings yield
up 5.9%
EBIT / enterprise value
Cheaper than
65%
of the market · cheap
Revenue growth
up 8%
year on year
EPS growth
down 74%
latest quarter · -26 pts
Sales growth
up 76%
latest quarter · +66 pts
ROE
up 8%
return on equity
Free cash margin
up 9%
$1.5B FCF
D/E
0.51
long-term debt / equity
Net debt / EBITDA
3.4×
Interest cover
—EBIT / interest
Piotroski tests
- profits not fully backed by cash
- issued more shares
- gross margin narrowed
- profitable on its assets
- generating cash from operations
- profitability improving
- reduced long-term debt
- short-term liquidity improved
- assets working harder
Trade setup
ATR%
2.1%
$0.76 a day · 2×ATR $34.31
RS
81 / 99
vs the universe
Trend
8 / 8
trend template
Relative volume
2.9×
vs 50-day average
Up/down volume
1.40
50 sessions
Implied move
6.7%
by Nov 20, 2026 · report Nov 3, 2026
Trend template · 8 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Gross margin narrowing Gross margin fell from 55.6% to 54.2%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported
Aug 6, 2026
Results reaction
Aug 6, 2026-3% vs market2 sessions after results
Options
$581,96031.3% IV · activity
Financials
- Gross 54%
- Net 13%
- Free cash 9%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $11.6B | $12.7B | $14.1B | $14.8B | $15.4B | $16.6B |
| Gross margin | 56% | 55% | 52% | 55% | 56% | 54% |
| Operating income | $2.5B | $2.9B | $2.6B | $3.2B | $2.6B | $3.6B |
| Net income | $1.3B | $2.1B | $1.4B | $2.2B | $1.4B | $2.1B |
| Net margin | 11% | 17% | 10% | 15% | 9% | 13% |
| Earnings per share | $0.93 | $1.50 | $1.01 | $1.55 | $1.05 | $1.53 |
| Free cash flow | $2.0B | $2.5B | $2.5B | $904.0M | $1.7B | $1.5B |
| Free cash margin | 17% | 19% | 18% | 6% | 11% | 9% |
| Cash | $240.0M | $567.0M | $535.0M | $267.0M | $510.0M | $1.0B |
| Long-term debt | $11.1B | $11.6B | $11.1B | $9.9B | $12.9B | $13.0B |
| Shareholders' equity | $23.8B | $25.0B | $25.1B | $25.7B | $24.2B | $25.5B |
| Shares outstanding | 1.41bn | 1.42bn | 1.41bn | 1.39bn | 1.36bn | 1.36bn |
Next report
Nov 3, 2026 · before the open
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±6.7%
$33 – $38 by Nov 20, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±4.3%
last 4: -2.4% · +10.1% · +1.3% · +6.2%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
1.6× the usual move
What options price now
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Bigger 31.3% priced · 21.8% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $581,960 calls $568,762 · puts $13,198 · latest session
- 0.02× -0.01 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +5.36k · puts +354 past week
For options traders: ATM IV 31.3% (-0.2% 1w) · 1m ÷ 3m IV 1.20 · 25Δ skew 2.7 pts · Net GEX $3.3M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 10, 2026 | Quarterly ↗ | Jun 30, 2026 | 41d |
| Apr 23, 2026 | Quarterly ↗ | Mar 31, 2026 | 23d |
| Feb 24, 2026 | Annual ↗ | Dec 31, 2025 | 55d |
| Oct 28, 2025 | Quarterly ↗ | Sep 30, 2025 | 28d |
| Jul 24, 2025 | Quarterly ↗ | Jun 30, 2025 | 24d |
| Apr 24, 2025 | Quarterly ↗ | Mar 31, 2025 | 24d |
| Feb 25, 2025 | Annual ↗ | Dec 31, 2024 | 56d |
| Oct 24, 2024 | Quarterly ↗ | Sep 30, 2024 | 24d |
| Jul 25, 2024 | Quarterly ↗ | Jun 30, 2024 | 25d |
| Apr 25, 2024 | Quarterly ↗ | Mar 31, 2024 | 25d |
| Feb 22, 2024 | Annual ↗ | Dec 31, 2023 | 53d |
| Oct 26, 2023 | Quarterly ↗ | Sep 30, 2023 | 26d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 1, 2026 | Other events ↗ |
| Sep 28, 2026 | Other events ↗ |
| Sep 16, 2026 | Other events ↗ |
| Sep 1, 2026 | Other events ↗ |
| Aug 12, 2026 | Director or officer change ↗ |
| Aug 6, 2026 | Results ↗ |
| Jun 25, 2026 | Director or officer change ↗ |
| Jun 23, 2026 | Regulation FD · Other events ↗ |
| Jun 18, 2026 | Shareholder vote · Other events ↗ |
| May 22, 2026 | Other events ↗ |
| May 20, 2026 | Other events ↗ |
| Apr 23, 2026 | Results ↗ |