Head-to-head · free
Costco vs PepsiCo
COST vs PEP — return on capital, cash generation, margins and balance sheet side by side.
COST
7 / 11
measures where COST leads
PEP
4 / 11
measures where PEP leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | COST · FY2026 | PEP · FY2025 |
|---|---|---|
| Revenue | $303.2B | $93.9B |
| Net income | $9.2B | $8.2B |
| Revenue growth (yearly, multi-year) | 7.5% | 4.3% |
| Free cash flow | $9.4B | $7.7B |
| Free cash flow margin | 3.1% | 8.2% |
| Net cash / (debt) | $11.6B | (40.7B) |
| ROIC | 22.5% | 13.9% |
| Return on equity | 30.7% | 42.9% |
| Gross margin | 12.8% | 54.1% |
| Operating margin | 3.8% | 14.4% |
| Net debt / EBITDA | -0.66x | 2.55x |
Figures are as reported by each company; latest fiscal year shown.
Where Costco's cash went (FY2026)
- Capital spending
- $6.4B
- Buybacks
- $848.0M
- Dividends
- $2.5B
- Acquisitions
- $0
- Net debt issued / (repaid)
- $312.0M
Where PepsiCo's cash went (FY2025)
- Capital spending
- $4.4B
- Buybacks
- $1.0B
- Dividends
- $7.6B
- Acquisitions
- $3.4B
- Net debt issued / (repaid)
- $3.7B
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
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