Consumer Staples
Consumer Staples Beverage
PepsiCo is larger than Coca-Cola on the income statement
PepsiCo 2025 net revenue $93.9B includes Frito-Lay. Coca-Cola $47.9B is concentrate plus finished product. KDP $16.6B. Monster $8.3B.
Coca-Cola by operating segment
2025: North America $19.6B, EMEA $11.5B, Latin America $6.3B, Asia Pacific $5.6B, Bottling Investments $5.7B. Eliminations omitted.
Half of PepsiCo is convenient food
2025: PBNA $28.2B, PFNA $27.5B, EMEA $18.0B, LatAm Foods $10.5B. The six printed segments sum to $93.9B.
