Financials PepsiCo, Inc.

Equities

PEP

US7134481081

Non-Alcoholic Beverages

Market Closed - Nasdaq Other stock markets 21:00:00 08/07/2025 BST			5-day change	1st Jan Change
135.04 ^USD	+0.44%		-0.16%	-11.19%

07-08	Wendy's CEO Kirk Tanner jumps ship to Hershey as top boss	RE
07-08	The Hershey Company Announces Chief Executive Officer Changes, Effective August 18, 2025	CI

Projected Income Statement: PepsiCo, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	70,372	79,474	86,392	91,471	91,854	91,936	94,722	97,970
Change	-	12.93%	8.7%	5.88%	0.42%	0.09%	3.03%	3.43%
EBITDA ¹	13,079	14,124	15,088	16,823	17,858	17,745	18,615	19,605
Change	-	7.99%	6.83%	11.5%	6.15%	-0.63%	4.9%	5.32%
EBIT ¹	10,531	11,414	12,325	13,875	14,698	14,544	15,340	16,096
Change	-	8.38%	7.98%	12.58%	5.93%	-1.05%	5.47%	4.93%
Interest Paid ¹	-1,128	-1,863	-939	-819	-919	-1,069	-1,073	-1,068
Earnings before Tax (EBT) ¹	9,069	9,821	10,705	11,417	11,946	12,534	13,836	14,837
Change	-	8.29%	9%	6.65%	4.63%	4.92%	10.39%	7.23%
Net income ¹	7,120	7,618	8,910	9,074	9,578	9,707	10,843	11,589
Change	-	6.99%	16.96%	1.84%	5.55%	1.35%	11.7%	6.88%
Announcement Date	11/02/21	10/02/22	09/02/23	09/02/24	04/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	15,945	18,091	22,455	14,820	19,217	20,189	25,248	16,200	20,225	21,971	27,996	17,846	22,322	23,453	27,850	18,250	22,501	23,319	27,784	17,919	22,292	23,514	28,252	18,571	23,063	24,342	29,351	18,992
Change	-	13.46%	24.12%	-34%	29.67%	5.06%	25.06%	-35.84%	24.85%	8.63%	27.42%	-36.26%	25.08%	5.07%	18.75%	-34.47%	23.29%	3.64%	19.15%	-35.51%	24.4%	5.48%	20.15%	-34.27%	24.19%	5.55%	20.58%	-35.29%
EBITDA ¹	3,105	3,652	3,666	2,824	3,822	3,891	3,587	2,947	4,048	4,254	3,839	3,392	4,537	4,734	4,160	3,580	4,859	4,915	4,504	3,473	4,579	5,138	4,778	3,623	4,796	5,422	5,025	3,737
Change	-	17.62%	0.38%	-22.97%	35.34%	1.81%	-7.81%	-17.84%	37.36%	5.09%	-9.76%	-11.64%	33.76%	4.34%	-12.13%	-13.94%	35.73%	1.15%	-8.36%	-22.89%	31.85%	12.2%	-7%	-24.18%	32.38%	13.06%	-7.33%	-25.62%
EBIT ¹	2,516	3,043	2,849	2,264	3,169	3,241	2,740	2,392	3,408	3,595	2,930	2,802	3,859	4,029	3,185	2,939	4,121	4,176	3,462	2,789	3,777	4,314	3,724	2,927	3,990	4,528	3,913	2,989
Change	-	20.95%	-6.38%	-20.53%	39.97%	2.27%	-15.46%	-12.7%	42.47%	5.49%	-18.5%	-4.37%	37.72%	4.41%	-20.95%	-7.72%	40.22%	1.33%	-17.1%	-19.44%	35.41%	14.24%	-13.69%	-21.4%	36.34%	13.49%	-13.6%	-23.59%
Charge d'intérêts ¹	-235	-264	-339	-258	-241	-232	-1,132	-240	-236	-190	-273	-200	-201	-201	-217	-202	-234	-219	-264	-264	-278.4	-268.8	-301.3	-256.4	-263.5	-252.2	-278.2	-
Earnings before Tax (EBT) ¹	2,168	2,833	2,357	2,174	3,014	3,045	1,588	5,161	1,839	3,199	506	2,490	3,518	3,876	1,533	2,573	3,870	3,694	1,809	2,342	3,557	3,966	3,596	-	-	-	-	-
Change	-	30.67%	-16.8%	-7.76%	38.64%	1.03%	-47.85%	225%	-64.37%	73.95%	-84.18%	392.09%	41.29%	10.18%	-60.45%	67.84%	50.41%	-4.55%	-51.03%	29.46%	51.88%	11.49%	-9.31%	-	-	-	-	-
Net income ¹	1,646	2,291	1,845	1,714	2,358	2,224	1,322	4,261	1,429	2,702	518	1,932	2,748	3,092	1,302	2,042	3,083	2,930	1,523	1,834	2,799	3,174	2,884	-	-	-	-	-
Change	-	39.19%	-19.47%	-7.1%	37.57%	-5.68%	-40.56%	222.31%	-66.46%	89.08%	-80.83%	272.97%	42.24%	12.52%	-57.89%	56.84%	50.98%	-4.96%	-48.02%	20.42%	52.63%	13.39%	-9.13%	-	-	-	-	-
Announcement Date	13/07/20	01/10/20	11/02/21	15/04/21	13/07/21	05/10/21	10/02/22	26/04/22	12/07/22	12/10/22	09/02/23	25/04/23	13/07/23	10/10/23	09/02/24	23/04/24	11/07/24	08/10/24	04/02/25	24/04/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: PepsiCo, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	34,599	34,346	33,723	34,102	35,040	36,969	36,863	37,468
Change	-	-0.73%	-1.81%	1.12%	2.75%	5.51%	-0.29%	1.64%
Announcement Date	11/02/21	10/02/22	09/02/23	09/02/24	04/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: PepsiCo, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	4,240	4,625	5,207	5,518	5,318	4,757	5,029	5,079
Change	-	9.08%	12.58%	5.97%	-3.62%	-10.55%	5.72%	1%
Free Cash Flow (FCF) ¹	6,373	6,991	5,604	7,924	7,189	9,589	10,654	10,738
Change	-	9.7%	-19.84%	41.4%	-9.28%	33.39%	11.1%	0.79%
Announcement Date	11/02/21	10/02/22	09/02/23	09/02/24	04/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: PepsiCo, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	18.59%	17.77%	17.46%	18.39%	19.44%	19.3%	19.65%	20.01%
EBIT Margin (%)	14.96%	14.36%	14.27%	15.17%	16%	15.82%	16.19%	16.43%
EBT Margin (%)	12.89%	12.36%	12.39%	12.48%	13.01%	13.63%	14.61%	15.14%
Net margin (%)	10.12%	9.59%	10.31%	9.92%	10.43%	10.56%	11.45%	11.83%
FCF margin (%)	9.06%	8.8%	6.49%	8.66%	7.83%	10.43%	11.25%	10.96%
FCF / Net Income (%)	89.51%	91.77%	62.9%	87.33%	75.06%	98.78%	98.26%	92.65%
Profitability
ROA	8.3%	8.22%	9.66%	9.42%	9.58%	10.21%	10.47%	10.46%
ROE	50.42%	51.65%	53.69%	50.9%	52.42%	54.71%	52.14%	51.31%
Financial Health
Leverage (Debt/EBITDA)	2.65x	2.43x	2.24x	2.03x	1.96x	2.08x	1.98x	1.91x
Debt / Free cash flow	5.43x	4.91x	6.02x	4.3x	4.87x	3.86x	3.46x	3.49x
Capital Intensity
CAPEX / Current Assets (%)	6.03%	5.82%	6.03%	6.03%	5.79%	5.17%	5.31%	5.18%
CAPEX / EBITDA (%)	32.42%	32.75%	34.51%	32.8%	29.78%	26.81%	27.02%	25.91%
CAPEX / FCF (%)	66.53%	66.16%	92.92%	69.64%	73.97%	49.61%	47.2%	47.3%
Items per share
Cash flow per share ¹	7.624	8.363	7.795	9.72	9.076	9.804	10.92	10.86
Change	-	9.69%	-6.79%	24.7%	-6.62%	8.02%	11.38%	-0.52%
Dividend per Share ¹	4.022	4.248	4.525	4.945	-	5.629	5.884	6.191
Change	-	5.59%	6.53%	9.28%	-	-	4.53%	5.22%
Book Value Per Share ¹	9.749	11.6	12.45	13.47	13.15	15.12	16.87	17.92
Change	-	18.98%	7.36%	8.16%	-2.38%	14.95%	11.62%	6.18%
EPS ¹	5.12	5.49	6.42	6.56	6.95	7.284	8.023	8.551
Change	-	7.23%	16.94%	2.18%	5.95%	4.8%	10.15%	6.58%
Nbr of stocks (in thousands)	1,381,956	1,398,745	1,393,956	1,391,178	1,387,929	1,371,080	1,371,080	1,371,080
Announcement Date	11/02/21	10/02/22	09/02/23	09/02/24	04/02/25	-	-	-