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KDP Keurig Dr Pepper Inc.

Nasdaq, CIK 0001418135, fiscal year ends 12/31. Last price 34.68 on 2026-10-23, market value 47.2 billion dollars.

Machine-readable: KDP.json, KDP.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

Philosophy	Score	Status	Current inputs as of	History used	Price	Verification	Rules
Graham Defensive	40 partial, missing 5	partial: 5	2025-12-31 stale: Revenue	2013–2025	2026-10-23	13 verified, 18 unverified	method
Magic Formula	n/a	insufficient data (invested capital not positive (negative working capital exceeds fixed assets))	—	—	—	—	method
Momentum	72	ok	2026-10-23	—	2026-10-23	—	method
Insider	29	ok	2026-10-23	—	—	—	method
Buffett Quality	44	ok	2026-06-30	2016–2025	2026-10-23	0 verified, 48 unverified	method
Lynch GARP	41	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 6 unverified	method
Graham Enterprising	44	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 10 unverified	method
Piotroski F-Score	89	ok	—	2024–2026	—	0 verified, 27 unverified	method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

Input	Value	Unit	Period / date	Source
Traded price	34.68	USD per traded unit (share or ADS)	2026-10-23	Yahoo Finance
SEC shares outstanding	1,360,826,038	underlying shares	2026-08-10	SEC cover page 10-Q 0001418135-26-000051 (1,360,826,038 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1418135/000141813526000051/kdp-20260630.htm 0001418135-26-000051
Depositary ratio	1.0	underlying shares per traded unit		domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares	47,193,446,998	USD	2026-10-23 shares at 2026-08-10	34.68 (price 2026-10-23) / 1 x 1,360,826,038 (shares at 2026-08-10) = 47,193,446,998

Graham Defensive

40 of 100. partial: 5. How this is scored.

Test or factor	Value	Threshold	Points
1 Adequate size	16.6 revenue $B	>= 1	5.0 / 5
2a Current ratio	0.48	>= 2.0	0.0 / 15
2b Long-term debt vs working capital working capital not positive	— LTD / WC	<= 1.0	0.0 / 15
3 Positive earnings each of 10 years	10 of 10	10 of 10	15.0 / 15
4 Dividends every year for 20 years	17 of 20 missing 2006, 2007, 2008 XBRL check: 12 years agree, 8 unverified	20 of 20	12.75 / 15
5 EPS growth, 3-yr avg now vs 10 yrs ago	— missing 2014, 2015, 2016	>= +33%	None / 10
6 P/E on 3-year average EPS	25.2	<= 15	0.0 / 15
7 P/B <= 1.5, or P/E x P/B <= 22.5	P/B 1.89, product 47.5	<= 1.5 or <= 22.5	7.4 / 10

Inputs, 33 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	34.68	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Revenue	16603000000.0	2025-12-31 stale	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001418135-26-000016	unverified
current_assets	9461000000.0	2026-06-30	SEC XBRL AssetsCurrent 0001418135-26-000051	unverified
current_liabilities	19739000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001418135-26-000051	unverified
lt_debt	21586000000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001418135-26-000051	unverified
equity	25032000000.0	2026-06-30	SEC XBRL StockholdersEquity 0001418135-26-000051	unverified
Net income FY2016	847000000.0	2016-12-31 history	SEC XBRL NetIncomeLoss 0001418135-18-000006	unverified
Net income FY2017	1076000000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0001418135-18-000006	unverified
Net income FY2018	586000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001418135-21-000005	unverified
Net income FY2019	1254000000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001418135-22-000005	unverified
Net income FY2020	1325000000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001418135-23-000003	unverified
Net income FY2021	2146000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-24-000007	unverified
Net income FY2022	1436000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-25-000013	unverified
Net income FY2023	2181000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
Net income FY2024	1441000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
Net income FY2025	2079000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
Dividend years (Yahoo)	[2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	verified (partly: XBRL covers 12 of 20 years)
Dividends per share FY2013 (XBRL)	1.52	2013-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-16-000050	verified
Dividends per share FY2014 (XBRL)	1.64	2014-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-17-000010	verified
Dividends per share FY2015 (XBRL)	1.92	2015-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-18-000006	verified
Dividends per share FY2016 (XBRL)	1.74	2016-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-18-000006	verified
Dividends per share FY2017 (XBRL)	2.32	2017-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-18-000006	verified
Dividends per share FY2019 (XBRL)	0.6	2019-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-21-000005	verified
Dividends per share FY2020 (XBRL)	0.6	2020-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-23-000003	verified
Dividends per share FY2021 (XBRL)	0.7125	2021-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-24-000007	verified
Dividends per share FY2022 (XBRL)	0.775	2022-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-25-000013	verified
Dividends per share FY2023 (XBRL)	0.83	2023-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-26-000016	verified
Dividends per share FY2024 (XBRL)	0.89	2024-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-26-000016	verified
Dividends per share FY2025 (XBRL)	0.92	2025-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001418135-26-000016	verified
EPS diluted FY2023	1.55	2023-12-31 history	SEC XBRL EarningsPerShareDiluted 0001418135-26-000016	unverified
EPS diluted FY2024	1.05	2024-12-31 history	SEC XBRL EarningsPerShareDiluted 0001418135-26-000016	unverified
EPS diluted FY2025	1.53	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001418135-26-000016	unverified
Shares outstanding	1360826038.0	2026-08-10	SEC cover page 10-Q 0001418135-26-000051 (1,360,826,038 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1418135/000141813526000051/kdp-20260630.htm 0001418135-26-000051	not cross-checked

Magic Formula

insufficient data (invested capital not positive (negative working capital exceeds fixed assets)). How this is scored.

insufficient data (invested capital not positive (negative working capital exceeds fixed assets)).

Momentum

72 of 100. ok. How this is scored.

Test or factor	Value	Points
12-1 month return	18.1 % (percentile 64.7)	32.4 / 50
6 month return	23.3 % (percentile 82.9)	16.6 / 20
Price / 52-week high	0.986	14.8 / 15
Volatility penalty (60d annualised)	27.4 %	7.8 / 15

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Adjusted close series (14 months)	34.68	2026-10-23	Yahoo Finance / Alpaca Market Data daily history	not cross-checked

Insider

29 of 100. ok. How this is scored. Form 4 data loaded through 2026-10-23

Test or factor	Value	Points
Open-market buy value / market cap (percentile among buyers)	0.05 bp	14.1 / 35
Distinct buyers	1	6.2 / 25
Buyer seniority	0.5	10.0 / 20
Recency (half-life 30d)	0.24	2.4 / 10
Sales penalty (excludes 10b5-1 plan sales)	0.23 bp	-4.1 / 0

Inputs, 4 numbers with their sources

Input	Value	Period	Source	Check
Form 4 S DeNooyer Mary Beth 2026-09-09	387599.99999999994	2026-09-09	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 S DeNooyer Mary Beth 2026-09-08	390599.99999999994	2026-09-08	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 S Stephens Angela A. 2026-09-03	310650.0	2026-09-03	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 P Alt Aaron E 2026-08-25	250247.46	2026-08-25	SEC Form 4 (insider transactions data set)	not cross-checked

Buffett Quality

44 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Average return on equity (net income / year-end equity)	6.3% over 8 yrs	>= 15%	0.0 / 25
2 Profitable every year	10 of 10	all years	15.0 / 15
3 Net income growth, 3-yr average now vs start of window	+12.4% a year	>= +10%	10.0 / 10
4 Borrowings / 3-yr average earnings (years to repay) LongTermDebtNoncurrent + DebtCurrent	15.8 years	<= 4	0.0 / 15
5 Operating margin, 5-yr average	20.3%	>= 20%	10.0 / 10
6 Free cash flow / net income, 5-yr (operating cash flow minus capex)	0.97	>= 1.0	9.4 / 10
7 Owner-earnings yield (3-yr avg free cash flow / market cap)	2.9%	>= 7%	0.0 / 15

Inputs, 50 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	34.68	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Net income FY2018	586000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001418135-21-000005	unverified
Equity at FY2018 end	22533000000.0	2018-12-31 history	SEC XBRL StockholdersEquity 0001418135-22-000005	unverified
Net income FY2019	1254000000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001418135-22-000005	unverified
Equity at FY2019 end	23257000000.0	2019-12-31 history	SEC XBRL StockholdersEquity 0001418135-23-000003	unverified
Net income FY2020	1325000000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001418135-23-000003	unverified
Equity at FY2020 end	23829000000.0	2020-12-31 history	SEC XBRL StockholdersEquity 0001418135-24-000007	unverified
Net income FY2021	2146000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-24-000007	unverified
Equity at FY2021 end	24972000000.0	2021-12-31 history	SEC XBRL StockholdersEquity 0001418135-25-000013	unverified
Net income FY2022	1436000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-25-000013	unverified
Equity at FY2022 end	25126000000.0	2022-12-31 history	SEC XBRL StockholdersEquity 0001418135-26-000016	unverified
Net income FY2023	2181000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
Equity at FY2023 end	25676000000.0	2023-12-31 history	SEC XBRL StockholdersEquity 0001418135-26-000016	unverified
Net income FY2024	1441000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
Equity at FY2024 end	24243000000.0	2024-12-31 history	SEC XBRL StockholdersEquity 0001418135-26-000051	unverified
Net income FY2025	2079000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
Equity at FY2025 end	25516000000.0	2025-12-31 history	SEC XBRL StockholdersEquity 0001418135-26-000051	unverified
Net income FY2016	847000000.0	2016-12-31 history	SEC XBRL NetIncomeLoss 0001418135-18-000006	unverified
Net income FY2017	1076000000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0001418135-18-000006	unverified
Net income FY2018	586000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001418135-21-000005	unverified
Net income FY2019	1254000000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001418135-22-000005	unverified
Net income FY2020	1325000000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001418135-23-000003	unverified
Net income FY2021	2146000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-24-000007	unverified
Net income FY2022	1436000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-25-000013	unverified
Net income FY2023	2181000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
Net income FY2024	1441000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
Net income FY2025	2079000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
lt_debt	21586000000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001418135-26-000051	unverified
total_debt	8394000000.0	2026-06-30	SEC XBRL DebtCurrent 0001418135-26-000051	unverified
Operating income FY2021	2894000000.0	2021-12-31 history	SEC XBRL OperatingIncomeLoss 0001418135-24-000007	unverified
Revenue FY2021	12683000000.0	2021-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001418135-24-000007	unverified
Operating income FY2022	2605000000.0	2022-12-31 history	SEC XBRL OperatingIncomeLoss 0001418135-25-000013	unverified
Revenue FY2022	14057000000.0	2022-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001418135-25-000013	unverified
Operating income FY2023	3192000000.0	2023-12-31 history	SEC XBRL OperatingIncomeLoss 0001418135-26-000016	unverified
Revenue FY2023	14814000000.0	2023-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001418135-26-000016	unverified
Operating income FY2024	2591000000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001418135-26-000016	unverified
Revenue FY2024	15351000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001418135-26-000016	unverified
Operating income FY2025	3575000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001418135-26-000016	unverified
Revenue FY2025	16603000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001418135-26-000016	unverified
Operating cash flow FY2021	2874000000.0	2021-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001418135-24-000007	unverified
Capital expenditure FY2021	423000000.0	2021-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001418135-24-000007	unverified
Operating cash flow FY2022	2837000000.0	2022-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001418135-25-000013	unverified
Capital expenditure FY2022	353000000.0	2022-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001418135-25-000013	unverified
Operating cash flow FY2023	1329000000.0	2023-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001418135-26-000016	unverified
Capital expenditure FY2023	425000000.0	2023-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001418135-26-000016	unverified
Operating cash flow FY2024	2219000000.0	2024-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001418135-26-000016	unverified
Capital expenditure FY2024	563000000.0	2024-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001418135-26-000016	unverified
Operating cash flow FY2025	1991000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001418135-26-000016	unverified
Capital expenditure FY2025	486000000.0	2025-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001418135-26-000016	unverified
Shares outstanding	1360826038.0	2026-08-10	SEC cover page 10-Q 0001418135-26-000051 (1,360,826,038 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1418135/000141813526000051/kdp-20260630.htm 0001418135-26-000051	not cross-checked

Lynch GARP

41 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 PEG: P/E divided by 5-yr EPS growth (in % points)	2.17	<= 1.0	0.0 / 30
2 EPS growth, 5-yr compound rate	+10.5% a year	12% to 35% a year	17.4 / 20
3 P/E on latest annual EPS	22.7	<= 25	10.0 / 10
4 Borrowings / equity LongTermDebtNoncurrent + DebtCurrent	1.2	<= 0.5	4.5 / 15
5 Years of the last 5 in which EPS rose	3 of 5	5 of 5	9.0 / 15
6 Net cash (cash minus borrowings) / market cap	-60.3%	>= +10%	0.0 / 10

Inputs, 7 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	34.68	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
EPS diluted FY2025	1.53	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001418135-26-000016	unverified
EPS diluted FY2020	0.93	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001418135-23-000003	unverified
lt_debt	21586000000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001418135-26-000051	unverified
total_debt	8394000000.0	2026-06-30	SEC XBRL DebtCurrent 0001418135-26-000051	unverified
equity	25032000000.0	2026-06-30	SEC XBRL StockholdersEquity 0001418135-26-000051	unverified
cash	1517000000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001418135-26-000051	unverified

Graham Enterprising

44 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Current ratio	0.48	>= 1.5	0.0 / 15
2 Borrowings vs working capital working capital not positive	—	<= 1.1x	0.0 / 15
3 No earnings deficit in the last 5 years	5 of 5 profitable	5 of 5	15.0 / 15
4 Pays a current dividend	yes	yes	10.0 / 10
5 EPS higher than five years earlier	0.93 -> 1.53	higher	10.0 / 10
6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets)	1.89	<= 1.2	8.6 / 20
7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive	—	<= 0.67	0.0 / 15

Inputs, 13 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	34.68	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
current_assets	9461000000.0	2026-06-30	SEC XBRL AssetsCurrent 0001418135-26-000051	unverified
current_liabilities	19739000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001418135-26-000051	unverified
Net income FY2021	2146000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-24-000007	unverified
Net income FY2022	1436000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-25-000013	unverified
Net income FY2023	2181000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
Net income FY2024	1441000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
Net income FY2025	2079000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
Dividend years (Yahoo)	[2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	not cross-checked
EPS diluted FY2025	1.53	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001418135-26-000016	unverified
EPS diluted FY2020	0.93	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001418135-23-000003	unverified
equity	25032000000.0	2026-06-30	SEC XBRL StockholdersEquity 0001418135-26-000051	unverified
Shares outstanding	1360826038.0	2026-08-10	SEC cover page 10-Q 0001418135-26-000051 (1,360,826,038 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1418135/000141813526000051/kdp-20260630.htm 0001418135-26-000051	not cross-checked

Piotroski F-Score

89 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Return on assets is positive	3.7%	pass = 1	11.11111111111111 / 11.11111111111111
2 Operating cash flow is positive	1,991M	pass = 1	11.11111111111111 / 11.11111111111111
3 Return on assets improved on the prior year	2.7% -> 3.7%	pass = 1	11.11111111111111 / 11.11111111111111
4 Operating cash flow exceeds net income (accruals)	1,991M vs 2,079M	pass = 1	0.0 / 11.11111111111111
5 Long-term debt / assets fell	24.2% -> 23.5%	pass = 1	11.11111111111111 / 11.11111111111111
6 Current ratio improved	0.49 -> 0.64	pass = 1	11.11111111111111 / 11.11111111111111
7 No new shares issued (share count did not rise)	1,358M -> 1,361M	pass = 1	11.11111111111111 / 11.11111111111111
8 Operating margin improved (stand-in for gross margin, which the dataset does not carry)	16.9% -> 21.5%	pass = 1	11.11111111111111 / 11.11111111111111
9 Asset turnover (revenue / assets) improved	0.29 -> 0.30	pass = 1	11.11111111111111 / 11.11111111111111

Inputs, 27 numbers with their sources

Input	Value	Period	Source	Check
net_income 2025-12-31	2079000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
total_assets 2025-12-31	55459000000.0	2025-12-31 history	SEC XBRL Assets 0001418135-26-000051	unverified
cfo 2025-12-31	1991000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001418135-26-000016	unverified
net_income 2025-12-31	2079000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
net_income 2024-12-31	1441000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
total_assets 2025-12-31	55459000000.0	2025-12-31 history	SEC XBRL Assets 0001418135-26-000051	unverified
total_assets 2024-12-31	53430000000.0	2024-12-31 history	SEC XBRL Assets 0001418135-26-000016	unverified
cfo 2025-12-31	1991000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001418135-26-000016	unverified
net_income 2025-12-31	2079000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001193125-26-177266) 0001418135-26-000016	unverified
lt_debt 2025-12-31	13036000000.0	2025-12-31 history	SEC XBRL LongTermDebtNoncurrent 0001418135-26-000051	unverified
lt_debt 2024-12-31	12912000000.0	2024-12-31 history	SEC XBRL LongTermDebtNoncurrent 0001418135-26-000016	unverified
total_assets 2025-12-31	55459000000.0	2025-12-31 history	SEC XBRL Assets 0001418135-26-000051	unverified
total_assets 2024-12-31	53430000000.0	2024-12-31 history	SEC XBRL Assets 0001418135-26-000016	unverified
current_assets 2025-12-31	5266000000.0	2025-12-31 history	SEC XBRL AssetsCurrent 0001418135-26-000051	unverified
current_assets 2024-12-31	3997000000.0	2024-12-31 history	SEC XBRL AssetsCurrent 0001418135-26-000016	unverified
current_liabilities 2025-12-31	8290000000.0	2025-12-31 history	SEC XBRL LiabilitiesCurrent 0001418135-26-000051	unverified
current_liabilities 2024-12-31	8087000000.0	2024-12-31 history	SEC XBRL LiabilitiesCurrent 0001418135-26-000016	unverified
shares_out 2026-08-10	1360826038.0	2026-08-10 history	SEC XBRL EntityCommonStockSharesOutstanding 0001418135-26-000051	unverified
shares_out 2025-07-22	1358435279.0	2025-07-22 history	SEC XBRL EntityCommonStockSharesOutstanding 0001418135-25-000103	unverified
operating_income 2025-12-31	3575000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001418135-26-000016	unverified
operating_income 2024-12-31	2591000000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001418135-26-000016	unverified
revenue 2025-12-31	16603000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001418135-26-000016	unverified
revenue 2024-12-31	15351000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001418135-26-000016	unverified
revenue 2025-12-31	16603000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001418135-26-000016	unverified
revenue 2024-12-31	15351000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001418135-26-000016	unverified
total_assets 2025-12-31	55459000000.0	2025-12-31 history	SEC XBRL Assets 0001418135-26-000051	unverified
total_assets 2024-12-31	53430000000.0	2024-12-31 history	SEC XBRL Assets 0001418135-26-000016	unverified

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FY	Ended	Revenue, $M	Net income, $M	EPS diluted	Dividend	Filing
2013	2013-12-31	5,997	624	3.05	paid	0001418135-16-000050
2014	2014-12-31	6,121	703	3.56	paid	0001418135-17-000010
2015	2015-12-31	6,282	764	3.97	paid	0001418135-18-000006
2016	2016-12-31	6,440	847	4.54	paid	0001418135-18-000006
2017	2017-12-31	4,269	1,076	5.89	paid	0001418135-18-000006
2018	2018-12-31	7,442	586	0.53	paid	0001418135-21-000005
2019	2019-12-31	11,120	1,254	0.88	paid	0001418135-22-000005
2020	2020-12-31	11,618	1,325	0.93	paid	0001418135-23-000003
2021	2021-12-31	12,683	2,146	1.5	paid	0001418135-24-000007
2022	2022-12-31	14,057	1,436	1.01	paid	0001418135-25-000013
2023	2023-12-31	14,814	2,181	1.55	paid	0001418135-26-000016
2024	2024-12-31	15,351	1,441	1.05	paid	0001418135-26-000016
2025	2025-12-31	16,603	2,079	1.53	paid	0001418135-26-000016

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

Date	Insider	Role	Type	Shares	Price	Value
2026-09-09	Denooyer Mary Beth	officer	sale	12,000	32.30	387,600
2026-09-08	Denooyer Mary Beth	officer	sale	12,000	32.55	390,600
2026-09-03	Stephens Angela A.	officer	sale	9,500	32.70	310,650
2026-08-25	Alt Aaron E	director	buy	7,862	31.83	250,247

Filings and links

Third-party sites are linked only; nothing from them is stored here.

SEC: filing index, 8-K, Form 4, XBRL companyfacts
Prices: Yahoo Finance, Stooq
Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/KDP; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Data last checked 2026-10-26.