Head-to-head · free
PepsiCo vs Constellation Brands
PEP vs STZ — return on capital, cash generation, margins and balance sheet side by side.
PEP
8 / 10
measures where PEP leads
STZ
2 / 10
measures where STZ leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | PEP · FY2025 | STZ · FY2026 |
|---|---|---|
| Revenue | $93.9B | $9.1B |
| Net income | $8.2B | $1.7B |
| Revenue growth (yearly, multi-year) | 4.3% | 0.9% |
| Free cash flow | $7.7B | $1.8B |
| Free cash flow margin | 8.2% | 19.6% |
| Net cash / (debt) | (40.7B) | — |
| ROIC | 13.9% | 10.3% |
| Return on equity | 42.9% | 22.5% |
| Gross margin | 54.1% | 51.6% |
| Operating margin | 14.4% | 31.3% |
| Net debt / EBITDA | 2.55x | 3.33x |
Figures are as reported by each company; latest fiscal year shown.
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
Where Constellation Brands's cash went (FY2026)
- Capital spending
- $875.0M
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
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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