The Business StudyHome/Compare/Coca-Cola vs PepsiCo
Coca-Cola vs PepsiCo: who makes more money?
PepsiCo is bigger: $93.9 billion in revenue against $47.9 billion for Coca-Cola, about 2.0 times as much. But Coca-Cola keeps more of each sale: $27.34 of every $100 versus $8.77. Across 5 rounds from their latest annual reports, Coca-Cola wins 4.
From each company's latest Form 10-K: Coca-Cola (year ended December 31, 2025) and PepsiCo (year ended December 27, 2025). Page updated November 8, 2026.
Revenue Money coming in
Net profit After every cost and tax
Kept per $100 of sales Profit margin
Employees As each 10-K states it
Revenue per employee Revenue ÷ employees
Growth over 5 years Revenue, first to latest year shown
How each one makes its money.
Coca-ColaCoca-Cola mostly sells drink concentrate to bottlers, who mix, bottle and deliver it, and it also owns some bottlers itself.
How Coca-Cola makes moneyPepsiCoPepsiCo sells snacks (Lay's, Doritos, Quaker) and drinks (Pepsi, Gatorade), and makes more profit from snacks than from soda.
How PepsiCo makes moneyQuick answers.
Who makes more money, Coca-Cola or PepsiCo?
PepsiCo: $93.9 billion in revenue against $47.9 billion.
Which is more profitable, Coca-Cola or PepsiCo?
Coca-Cola keeps more of each dollar ($27.34 of every $100). In total profit, Coca-Cola made more: $13.1 billion.
Which has more employees, Coca-Cola or PepsiCo?
PepsiCo, with about 306,000 against 65,900.
Sources: The Coca-Cola Company Form 10-K and PepsiCo, Inc. Form 10-K on SEC EDGAR. Fiscal years can end in different months, so each side uses its own latest year. Profit means net income.