PepsiCo Inc
PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through six segments: PepsiCo Foods North America; PepsiCo Beverages North America; International Beverages Franchise; Europe, Middle East and Africa; Latin America Foods; and Asia Pacific Foods. It offers cereals, chips, dips, granola bars, oatmeal… Read more
PepsiCo Inc (PEP) - Net Assets
Latest net assets as of December 2025: $20.55 Billion USD
Based on the latest financial reports, PepsiCo Inc (PEP) has net assets worth $20.55 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($107.40 Billion) and total liabilities ($86.85 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $20.55 Billion |
| % of Total Assets | 19.13% |
| Annual Growth Rate | 6.22% |
| 5-Year Change | 27.22% |
| 10-Year Change | 83.47% |
| Growth Volatility | 15.23 |
PepsiCo Inc - Net Assets Trend (1985–2025)
This chart illustrates how PepsiCo Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PepsiCo Inc (1985–2025)
The table below shows the annual net assets of PepsiCo Inc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $20.55 Billion | +13.08% |
| 2024-12-31 | $18.17 Billion | -2.50% |
| 2023-12-31 | $18.64 Billion | +7.90% |
| 2022-12-31 | $17.27 Billion | +6.95% |
| 2021-12-31 | $16.15 Billion | +19.18% |
| 2020-12-31 | $13.55 Billion | -8.85% |
| 2019-12-31 | $14.87 Billion | +1.82% |
| 2018-12-31 | $14.60 Billion | +32.98% |
| 2017-12-31 | $10.98 Billion | -1.95% |
| 2016-12-31 | $11.20 Billion | -6.91% |
| 2015-12-31 | $12.03 Billion | -31.45% |
| 2014-12-31 | $17.55 Billion | -28.05% |
| 2013-12-31 | $24.39 Billion | +8.88% |
| 2012-12-31 | $22.40 Billion | +7.18% |
| 2011-12-31 | $20.90 Billion | -2.69% |
| 2010-12-31 | $21.48 Billion | +23.13% |
| 2009-12-31 | $17.44 Billion | +38.63% |
| 2008-12-31 | $12.58 Billion | -26.99% |
| 2007-12-31 | $17.23 Billion | +11.57% |
| 2006-12-31 | $15.45 Billion | +7.87% |
| 2005-12-31 | $14.32 Billion | +5.51% |
| 2004-12-31 | $13.57 Billion | +14.09% |
| 2003-12-31 | $11.90 Billion | +27.94% |
| 2002-12-31 | $9.30 Billion | +7.52% |
| 2001-12-31 | $8.65 Billion | +13.73% |
| 2000-12-31 | $7.60 Billion | +10.51% |
| 1999-12-31 | $6.88 Billion | +7.50% |
| 1998-12-31 | $6.40 Billion | -7.71% |
| 1997-12-31 | $6.94 Billion | +4.73% |
| 1996-12-31 | $6.62 Billion | -9.44% |
| 1995-12-31 | $7.31 Billion | +6.66% |
| 1994-12-31 | $6.86 Billion | +8.16% |
| 1993-12-31 | $6.34 Billion | +18.35% |
| 1992-12-31 | $5.36 Billion | -3.42% |
| 1991-12-31 | $5.55 Billion | +13.07% |
| 1990-12-31 | $4.90 Billion | +26.04% |
| 1989-12-31 | $3.89 Billion | +23.10% |
| 1988-12-31 | $3.16 Billion | +26.01% |
| 1987-12-31 | $2.51 Billion | +21.83% |
| 1986-12-31 | $2.06 Billion | +12.05% |
| 1985-12-31 | $1.84 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PepsiCo Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3431.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $72.79 Billion | 356.70% |
| Common Stock | $23.00 Million | 0.11% |
| Other Comprehensive Income | $-15.02 Billion | -73.63% |
| Total Equity | $20.41 Billion | 100.00% |
PepsiCo Inc Competitors by Market Cap
The table below lists competitors of PepsiCo Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GE Vernova LLC
NYSE:GEV
|
$222.61 Billion |
|
Nestlé S.A.
SW:NESN
|
$226.26 Billion |
|
Samsung Electronics Co Ltd
PINK:SSNLF
|
$226.94 Billion |
|
Intel Corporation
NASDAQ:INTC
|
$228.18 Billion |
|
Linde plc Ordinary Shares
NASDAQ:LIN
|
$210.18 Billion |
|
Naspers Limited
PINK:NAPRF
|
$198.66 Billion |
|
Amgen Inc
NASDAQ:AMGN
|
$196.91 Billion |
|
Shopify Inc
NYSE:SHOP
|
$196.50 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PepsiCo Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,041,000,000 to 20,406,000,000, a change of 2,365,000,000 (13.1%).
- Net income of 8,240,000,000 contributed positively to equity growth.
- Dividend payments of 7,638,000,000 reduced retained earnings.
- Share repurchases of 1,000,000,000 reduced equity.
- Other comprehensive income increased equity by 2,588,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.24 Billion | +40.38% |
| Dividends Paid | $7.64 Billion | -37.43% |
| Share Repurchases | $1.00 Billion | -4.9% |
| Other Comprehensive Income | $2.59 Billion | +12.68% |
| Other Changes | $175.00 Million | +0.86% |
| Total Change | $- | 13.11% |
Book Value vs Market Value Analysis
This analysis compares PepsiCo Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.60x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 141.40x to 10.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.12 | $157.72 | x |
| 1986-12-31 | $1.30 | $157.72 | x |
| 1987-12-31 | $1.60 | $157.72 | x |
| 1988-12-31 | $2.03 | $157.72 | x |
| 1989-12-31 | $2.46 | $157.72 | x |
| 1990-12-31 | $3.10 | $157.72 | x |
| 1991-12-31 | $3.49 | $157.72 | x |
| 1992-12-31 | $3.29 | $157.72 | x |
| 1993-12-31 | $3.93 | $157.72 | x |
| 1994-12-31 | $4.26 | $157.72 | x |
| 1995-12-31 | $4.55 | $157.72 | x |
| 1996-12-31 | $4.12 | $157.72 | x |
| 1997-12-31 | $4.42 | $157.72 | x |
| 1998-12-31 | $4.21 | $157.72 | x |
| 1999-12-31 | $4.60 | $157.72 | x |
| 2000-12-31 | $4.25 | $157.72 | x |
| 2001-12-31 | $4.80 | $157.72 | x |
| 2002-12-31 | $5.21 | $157.72 | x |
| 2003-12-31 | $6.84 | $157.72 | x |
| 2004-12-31 | $7.87 | $157.72 | x |
| 2005-12-31 | $8.40 | $157.72 | x |
| 2006-12-31 | $9.16 | $157.72 | x |
| 2007-12-31 | $10.39 | $157.72 | x |
| 2008-12-31 | $7.56 | $157.72 | x |
| 2009-12-31 | $10.66 | $157.72 | x |
| 2010-12-31 | $13.11 | $157.72 | x |
| 2011-12-31 | $12.89 | $157.72 | x |
| 2012-12-31 | $14.15 | $157.72 | x |
| 2013-12-31 | $15.56 | $157.72 | x |
| 2014-12-31 | $11.42 | $157.72 | x |
| 2015-12-31 | $8.03 | $157.72 | x |
| 2016-12-31 | $7.64 | $157.72 | x |
| 2017-12-31 | $7.57 | $157.72 | x |
| 2018-12-31 | $10.19 | $157.72 | x |
| 2019-12-31 | $10.51 | $157.72 | x |
| 2020-12-31 | $9.67 | $157.72 | x |
| 2021-12-31 | $11.55 | $157.72 | x |
| 2022-12-31 | $12.36 | $157.72 | x |
| 2023-12-31 | $13.38 | $157.72 | x |
| 2024-12-31 | $13.09 | $157.72 | x |
| 2025-12-31 | $14.88 | $157.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PepsiCo Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 40.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.77%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 5.26x
- Recent ROE (40.38%) is above the historical average (34.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 29.59% | 6.75% | 1.37x | 3.19x | $359.93 Million |
| 1986 | 22.23% | 4.93% | 1.16x | 3.90x | $251.89 Million |
| 1987 | 23.71% | 5.18% | 1.27x | 3.60x | $343.94 Million |
| 1988 | 24.11% | 5.86% | 1.17x | 3.52x | $446.10 Million |
| 1989 | 23.17% | 5.91% | 1.01x | 3.89x | $512.29 Million |
| 1990 | 21.96% | 6.05% | 1.04x | 3.50x | $586.48 Million |
| 1991 | 19.48% | 5.51% | 1.04x | 3.39x | $525.66 Million |
| 1992 | 6.99% | 1.70% | 1.05x | 3.91x | $-161.27 Million |
| 1993 | 25.05% | 6.35% | 1.06x | 3.74x | $954.03 Million |
| 1994 | 25.55% | 6.15% | 1.15x | 3.62x | $1.07 Billion |
| 1995 | 21.96% | 8.42% | 0.75x | 3.48x | $874.70 Million |
| 1996 | 17.35% | 5.65% | 0.92x | 3.35x | $486.70 Million |
| 1997 | 30.88% | 10.24% | 1.04x | 2.90x | $1.45 Billion |
| 1998 | 31.14% | 8.92% | 0.99x | 3.54x | $1.35 Billion |
| 1999 | 36.40% | 9.98% | 1.43x | 2.55x | $1.82 Billion |
| 2000 | 33.44% | 9.98% | 1.23x | 2.73x | $1.78 Billion |
| 2001 | 27.75% | 10.21% | 1.08x | 2.51x | $1.54 Billion |
| 2002 | 32.27% | 11.95% | 1.07x | 2.52x | $2.07 Billion |
| 2003 | 29.99% | 13.23% | 1.06x | 2.13x | $2.38 Billion |
| 2004 | 31.03% | 14.39% | 1.05x | 2.06x | $2.85 Billion |
| 2005 | 28.48% | 12.52% | 1.03x | 2.22x | $2.65 Billion |
| 2006 | 36.52% | 16.06% | 1.17x | 1.94x | $4.10 Billion |
| 2007 | 32.83% | 14.33% | 1.14x | 2.01x | $3.93 Billion |
| 2008 | 42.47% | 11.89% | 1.20x | 2.97x | $3.93 Billion |
| 2009 | 35.38% | 13.75% | 1.08x | 2.37x | $4.27 Billion |
| 2010 | 29.86% | 10.93% | 0.85x | 3.22x | $4.20 Billion |
| 2011 | 31.29% | 9.69% | 0.91x | 3.54x | $4.38 Billion |
| 2012 | 27.71% | 9.43% | 0.88x | 3.35x | $3.95 Billion |
| 2013 | 27.76% | 10.15% | 0.86x | 3.19x | $4.31 Billion |
| 2014 | 37.35% | 9.77% | 0.95x | 4.04x | $4.77 Billion |
| 2015 | 45.73% | 8.65% | 0.91x | 5.84x | $4.26 Billion |
| 2016 | 57.04% | 10.08% | 0.85x | 6.62x | $5.22 Billion |
| 2017 | 44.60% | 7.65% | 0.80x | 7.33x | $3.77 Billion |
| 2018 | 86.20% | 19.35% | 0.83x | 5.35x | $11.06 Billion |
| 2019 | 49.47% | 10.89% | 0.86x | 5.31x | $5.84 Billion |
| 2020 | 52.92% | 10.12% | 0.76x | 6.91x | $5.77 Billion |
| 2021 | 47.48% | 9.59% | 0.86x | 5.76x | $6.01 Billion |
| 2022 | 51.96% | 10.31% | 0.94x | 5.38x | $7.20 Billion |
| 2023 | 49.04% | 9.92% | 0.91x | 5.43x | $7.22 Billion |
| 2024 | 53.09% | 10.43% | 0.92x | 5.51x | $7.77 Billion |
| 2025 | 40.38% | 8.77% | 0.87x | 5.26x | $6.20 Billion |
Industry Comparison
This section compares PepsiCo Inc's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $36,832,362,712
- Average return on equity (ROE) among peers: 1.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PepsiCo Inc (PEP) | $20.55 Billion | 29.59% | 4.23x | $214.97 Billion |
| Embotelladora Andina S.A (AKO-B) | $368.06 Billion | 12.42% | 0.79x | $4.29 Billion |
| Alkame Holdings Inc (ALKM) | $-2.05 Million | 0.00% | 0.00x | $549.92K |
| Apple Rush Company (APRU) | $-3.41 Million | 0.00% | 0.00x | $11.97 |
| Signet International Holdings Inc (AQPW) | $3.42 Million | -11.13% | 0.35x | $740.86K |
| A1 Group Inc (AWON) | $-21.08K | 0.00% | 0.00x | $23.43 |
| A.G. BARR p.l.c (BAGFF) | $130.65 Million | 19.57% | 0.64x | $578.72 Million |
| Blue Gem Enterprise (BGEM) | $101.68K | -172.40% | 1.57x | $0.98 |
| Barfresh Food Group Inc (BRFH) | $585.61K | -59.06% | 0.04x | $18.98 Million |
| Britvic plc (BTVCF) | $134.97 Million | 107.94% | 12.26x | $3.84 Billion |
| Buda Juice, Inc. (BUDA) | $3.16 Million | 113.28% | 0.18x | $22.69 Million |