Keurig Dr Pepper
Keurig Dr Pepper returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 5.04% | 5.67% | 2.62% | 5.38% | 2.01% | -2.7 pp |
| FY 2026 Q1 | Mar 31, 2026 | 5.79% | 6.56% | 5.03% | 7.37% | 2.89% | -1.9 pp |
| FY 2025 Q4 | Dec 31, 2025 | 6.92% | 7.73% | 60.67% | 8.36% | 3.82% | -0.8 pp |
| FY 2025 Q3 | Sep 30, 2025 | 5.26% | 5.99% | -42.66% | 6.29% | 2.95% | -2.4 pp |
| FY 2025 Q2 | Jun 30, 2025 | 5.08% | 5.79% | -50.54% | 6.18% | 2.88% | -2.6 pp |
| FY 2025 Q1 | Mar 31, 2025 | 5.06% | 5.85% | -117.82% | 6.13% | 2.84% | -2.6 pp |
| FY 2024 Q4 | Dec 31, 2024 | 5.01% | 5.85% | -83.61% | 5.77% | 2.73% | -2.7 pp |
| FY 2024 Q3 | Sep 30, 2024 | 6.91% | 7.89% | 21.74% | 9.05% | 4.36% | -0.8 pp |
| FY 2024 Q2 | Jun 30, 2024 | 6.97% | 7.91% | 43.65% | 8.72% | 4.19% | -0.7 pp |
| FY 2024 Q1 | Mar 31, 2024 | 6.92% | 7.68% | 35.99% | 8.71% | 4.17% | -0.8 pp |
| FY 2023 Q4 | Dec 31, 2023 | 6.72% | 7.34% | 17.16% | 8.59% | 4.2% | -1 pp |
| FY 2023 Q3 | Sep 30, 2023 | 6.38% | 6.71% | 10.04% | 7.69% | 3.76% | -1.3 pp |
| FY 2023 Q2 | Jun 30, 2023 | 5.42% | 5.54% | -34.53% | 6.33% | 3.11% | -2.3 pp |
| FY 2023 Q1 | Mar 31, 2023 | 5.18% | 5.09% | -85.1% | 5.21% | 2.56% | -2.5 pp |
| FY 2022 Q4 | Dec 31, 2022 | 5.97% | 5.93% | -16.29% | 5.73% | 2.8% | -1.7 pp |
| FY 2022 Q3 | Sep 30, 2022 | 5.88% | 6.06% | — | 7.38% | 3.59% | -1.8 pp |
| FY 2022 Q2 | Jun 30, 2022 | 6.54% | 6.94% | — | 8.77% | 4.28% | -1.2 pp |
| FY 2022 Q1 | Mar 31, 2022 | 6.64% | 7.32% | — | 9.71% | 4.73% | -1.1 pp |
| FY 2021 Q4 | Dec 31, 2021 | 6.05% | 6.71% | — | 8.79% | 4.28% | -1.7 pp |
| FY 2021 Q3 | Sep 30, 2021 | 5.98% | 6.7% | — | 7.26% | 3.47% | -1.7 pp |
| FY 2021 Q2 | Jun 30, 2021 | 5.83% | 6.64% | 183.81% | 6.97% | 3.31% | -1.9 pp |
| FY 2021 Q1 | Mar 31, 2021 | 5.5% | 6.23% | 78.35% | 6.4% | 3.01% | -2.2 pp |
| FY 2020 Q4 | Dec 31, 2020 | 5.02% | 5.83% | — | 5.63% | 2.67% | -2.7 pp |
| FY 2020 Q3 | Sep 30, 2020 | 4.98% | 5.87% | — | 5.64% | 2.64% | -2.7 pp |
| FY 2020 Q2 | Jun 30, 2020 | 4.6% | 5.49% | — | 5.08% | 2.36% | -3.1 pp |
| FY 2020 Q1 | Mar 31, 2020 | 4.68% | 5.54% | — | 5.21% | 2.4% | -3 pp |
| FY 2019 Q4 | Dec 31, 2019 | 4.65% | 5.51% | — | 5.48% | 2.55% | -3 pp |
| FY 2019 Q3 | Sep 30, 2019 | 4.32% | 5.15% | — | 4.93% | 2.26% | -3.4 pp |
| FY 2019 Q2 | Jun 30, 2019 | 6.59% | 7.66% | — | 7.48% | 3.2% | -1.1 pp |
| FY 2019 Q1 | Mar 31, 2019 | 5.8% | 6.84% | — | 6.99% | 2.96% | -1.9 pp |
| FY 2018 Q4 | Dec 31, 2018 | 4.1% | 4.76% | -1.13% | 4.69% | 1.99% | -3.6 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 4.61% | — | 9.45% | 3.91% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 13.94% | — | 49.58% | 11.76% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 14.1% | — | 49.67% | 11.51% | — |
| FY 2017 Q4 | Dec 31, 2017 | 21.82% | 15.84% | 16.01% | 46.94% | 10.86% | 14.1 pp |
| FY 2017 Q3 | Sep 30, 2017 | 15.05% | 16.24% | -4.66% | 34.43% | 7.83% | 7.4 pp |
| FY 2017 Q2 | Jun 30, 2017 | 15.52% | 16.21% | -0.6% | 35.84% | 8.22% | 7.8 pp |
| FY 2017 Q1 | Mar 31, 2017 | 15.87% | 16.62% | 1.8% | 39.21% | 9.17% | 8.2 pp |
| FY 2016 Q4 | Dec 31, 2016 | 20.01% | 17.88% | 64.74% | 39.24% | 9.08% | 12.3 pp |
| FY 2016 Q3 | Sep 30, 2016 | 19.79% | 20.54% | 65.45% | 40.08% | 10.26% | 12.1 pp |
| FY 2016 Q2 | Jun 30, 2016 | 18.72% | 19.86% | 119.79% | 37.65% | 9.94% | 11 pp |
| FY 2016 Q1 | Mar 31, 2016 | 18.27% | 19.32% | — | 36.5% | 9.5% | 10.6 pp |
| FY 2015 Q4 | Dec 31, 2015 | 18% | 17.88% | 2,185.24% | 34.13% | 8.91% | 10.3 pp |
| FY 2015 Q3 | Sep 30, 2015 | 17.26% | 17.76% | — | 31.97% | 8.84% | 9.6 pp |
| FY 2015 Q2 | Jun 30, 2015 | 16.6% | 17.47% | — | 31.56% | 8.67% | 8.9 pp |
| FY 2015 Q1 | Mar 31, 2015 | 16.27% | 17.22% | — | 31.71% | 8.56% | 8.6 pp |
| FY 2014 Q4 | Dec 31, 2014 | 16.51% | 16.38% | — | 30.76% | 8.53% | 8.8 pp |
| FY 2014 Q3 | Sep 30, 2014 | 16.66% | 16.49% | — | 30.36% | 8.65% | 9 pp |
| FY 2014 Q2 | Jun 30, 2014 | — | 15.83% | — | 31.84% | 8.6% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 15% | — | 30.15% | 7.87% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 14.07% | — | 27.39% | 7.29% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 14.89% | — | 27.58% | 7.45% | — |
| FY 2013 Q2 | Jun 30, 2013 | 13.8% | 14.6% | -22.8% | 26.53% | 6.93% | 6.1 pp |
| FY 2013 Q1 | Mar 31, 2013 | 14.75% | 14.6% | 77.18% | 28.14% | 7.17% | 7.1 pp |
| FY 2012 Q4 | Dec 31, 2012 | 15.63% | 14.5% | 7.27% | 27.69% | 6.91% | 7.9 pp |
| FY 2012 Q3 | Sep 30, 2012 | 15.62% | 14.56% | 6.82% | 27.33% | 6.88% | 7.9 pp |
| FY 2012 Q2 | Jun 30, 2012 | 14.76% | 13.8% | 4.91% | 25.91% | 6.62% | 7.1 pp |
| FY 2012 Q1 | Mar 31, 2012 | 14.48% | 13.28% | -1.12% | 25.33% | 6.56% | 6.8 pp |
| FY 2011 Q4 | Dec 31, 2011 | 15.75% | 13.76% | 33.72% | 25.67% | 6.68% | 8 pp |
| FY 2011 Q3 | Sep 30, 2011 | 14.5% | 13.37% | — | 22.81% | 6.14% | 6.8 pp |
| FY 2011 Q2 | Jun 30, 2011 | 13.99% | 13.01% | — | 21.01% | 5.95% | 6.3 pp |
| FY 2011 Q1 | Mar 31, 2011 | — | 12.86% | — | 20.14% | 6% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · KDP, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.