Flagship explainer

How Keurig Dr Pepper Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$16.6B · 100%Cost of revenue$7.6B · 46%Gross profit$9.0B · 54%Operating income$3.6B · 22%Income before tax$2.7B · 16%Income tax$608M · 4%Net income$2.1B · 13%As of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$16.6B100%
Cost of revenue$7.6B46%
$9.0B54%
$3.6B22%
Income before tax$2.7B16%
Income tax$608M4%
$2.1B13%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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