Curated Comparison
Two large-cap staples compounders with different exposure to beverages, snacks, global scale, margin structure, and defensive growth quality.
This page compares current AnalystScope model output, normalized fundamentals, valuation assumptions, and published research context for Coca-Cola and Pepsi. It is model-based research for informational purposes only, not personalized financial advice.
Pair valuation snapshot
Uses current AnalystScope company outputs.
KO
The Coca-Cola Company
+0.8 upside
PEP
PepsiCo, Inc.
+13.4 upside
Normalized fundamentals visual
Latest annual normalized model-base metrics.
Revenue
KO: $48.2B / PEP: $94.5B
KO
PEP
Op. margin
KO: 29.9% / PEP: 14.2%
KO
PEP
FCF margin
KO: 24.9% / PEP: 9.3%
KO
PEP
Net cash / debt
KO: -$25.5B / PEP: -$35.3B
KO
PEP
KO
Consumer Staples | Beverages
Coca-Cola remains a durable defensive compounder with strong brand economics, but the current valuation spread still looks closer to Hold than to a high-conviction rerating case.
Fair value
$82
Return
+0.8 upside
Confidence
Medium
PEP
Consumer Staples | Beverages / Snacks
PepsiCo remains a defensive cash compounder with broad category strength, but the current setup still reads as Hold rather than a wide-gap upside opportunity.
Fair value
$166
Return
+13.4 upside
Confidence
Medium
Fundamental snapshot
FY2025
Normalized annual model base
Revenue
+2.3% YoY
$48.2B
Op. margin
+0.8% pts
29.9%
FCF margin
+0.5% pts
24.9%
Fundamental snapshot
FY2025
Normalized annual model base
Revenue
+2.7% YoY
$94.5B
Op. margin
+0.0% pts
14.2%
FCF margin
+0.1% pts
9.3%
Research angle
The comparison is designed around investment-research questions rather than a simple ticker table: where the model signal differs, which assumptions matter, what the normalized financial profile says, and what risks could change the view.
Published research context
The Coca-Cola Company latest note: Started coverage with a Hold view on defensive quality and a still-contained fair-value spread.
PepsiCo, Inc. latest note: Started coverage with a Hold view on durable category breadth and a still-contained spread to fair value.
Current model signal, fair value, upside / downside, and published-rating context from the same company workspace outputs used across AnalystScope.
| Metric | The Coca-Cola Company | PepsiCo, Inc. |
|---|---|---|
Current model signal | Hold (Medium confidence) | Buy (Medium confidence) |
Fair value | $82 | $166 |
Current price | $81 | $146 |
Upside / downside Price-dependent and shown with the same quote-basis controls used across AnalystScope. | +0.8 upside | +13.4 upside |
Latest published rating | Hold on Apr 9, 2026 | Hold on Apr 10, 2026 |
Latest note event | New on Apr 9, 2026 | New on Apr 10, 2026 |
Operating profile and model-base trend metrics that help frame whether valuation differences are supported by fundamentals.
| Metric | The Coca-Cola Company | PepsiCo, Inc. |
|---|---|---|
Sector / industry | Consumer Staples | Beverages | Consumer Staples | Beverages / Snacks |
Market cap | $333B | $213B |
Revenue growth (1Y) | +2.3% | +2.7% |
Operating margin | 29.9% | 14.2% |
FCF margin | 24.9% | 9.3% |
Net cash / (debt) | ($25.5B) | ($35.3B) |
Latest normalized annual model-base lines. These are intended to support like-for-like fundamental comparison, not to replace reported filings.
| Metric | The Coca-Cola Company | PepsiCo, Inc. |
|---|---|---|
Revenue | $48.2B | $94.5B |
Operating income | $14.4B | $13.4B |
Free cash flow | $12.0B | $8.8B |
Net cash / (debt) | -$25.5B | -$35.3B |
Base-case assumptions and sensitivity language used inside the current AnalystScope valuation framework.
| Metric | The Coca-Cola Company | PepsiCo, Inc. |
|---|---|---|
Revenue CAGR (5Y) | 4.0% | +/- 1.0% => +/-$3/sh | 4.5% | +/- 1.0% => +/-$4/sh |
Terminal Growth | 2.5% | +/- 0.5% => +/-$2/sh | 2.5% | +/- 0.5% => +/-$3/sh |
WACC | 7.8% | +/- 0.5% => -$4/sh | 7.9% | +/- 0.5% => -$5/sh |
Operating Margin (Year 5) | 30.2% | +/- 100 bps => +/-$3/sh | 14.8% | +/- 100 bps => +/-$4/sh |
KO key risks
FX, commodity, or bottler timing can still make reported figures look better or worse than the durable base.
The current premium multiple leaves less room for disappointment than a cheaper staples setup would.
If pricing power weakens while volume stays soft, the current margin confidence could erode.
PEP key risks
Consumer pushback on pricing or softer volume could pressure the base more than the current assumptions allow.
Commodity and FX swings can distort reported margins and sentiment around the durable base.
Leverage leaves less room for disappointment than a stronger balance-sheet staple would.
Important context
AnalystScope fair value estimates, model signals, and upside / downside figures are model-based research outputs. They can change as scheduled quotes, filings, fundamentals, assumptions, and published views update. This comparison is informational and educational; it is not personalized investment advice.