Is PepsiCo bigger than Starbucks?

By market capitalization, PepsiCo is larger at $218.98B vs Starbucks's $115.57B.

Which has better profit margins — PepsiCo or Starbucks?

PepsiCo has higher net profit margins (8.8%) compared to Starbucks (3.6%). Gross and operating margins are compared in the table above.

What sectors do PepsiCo and Starbucks operate in?

PepsiCo operates in the Consumer Defensive sector (Beverages - Non-Alcoholic). Starbucks operates in the Consumer Cyclical sector (Restaurants).

How does PepsiCo's revenue compare to Starbucks's?

PepsiCo generates $93.92B in annual revenue (TTM) while Starbucks generates $37.70B. PepsiCo is the larger company by revenue as of 2026.

PepsiCovsStarbucks

PepsiCo vs Starbucks: Business Model & Financial Comparison 2026

PepsiCo · Consumer Defensive / Beverages - Non-Alcoholic·Starbucks · Consumer Cyclical / Restaurants

Financial Comparison

Metric	PEPPepsiCo	SBUXStarbucks
Market Cap	$218.98B	$115.57B
Revenue (TTM)	$93.92B	$37.70B
Revenue Growth	5.6%	5.5%
Gross Margin	54.5%	22.2%
Operating Margin	14.1%	9.3%
Net Margin	8.8%	3.6%
Return on Equity	42.8%	N/A
P/E (Trailing)	26.6x	84.5x
P/E (Forward)	17.5x	34.3x
Free Cash Flow	$8.23B	$-1.44B
Cash	$9.53B	$3.60B
Total Debt	$53.03B	$25.49B

Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.

Business Model Comparison

PepsiCo

PepsiCo, Inc. stands as a leading company in Consumer Defensive. Generating $93.92 billion in annual revenue (growing 5.6% year-over-year) and carrying a market capitalization of $219.73 billion, the company has cemented its position as a foundational player in the global Beverages - Non-Alcoholic landscape. Under the leadership of its leadership team, PepsiCo, Inc. continues to execute on a multi-year strategic vision that balances growth invest…

Full PepsiCo analysis →

Starbucks

Starbucks Corporation stands as a leading company in Consumer Cyclical. Generating $37.70 billion in annual revenue (growing 5.5% year-over-year) and carrying a market capitalization of $112.44 billion, the company has cemented its position as a foundational player in the global Restaurants landscape. Under the leadership of its leadership team, Starbucks Corporation continues to execute on a multi-year strategic vision that balances growth inves…

Full Starbucks analysis →

SWOT Analysis Comparison

Strengths

PepsiCo

With a market capitalization of $219.73B, PepsiCo, Inc. is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access that s
PepsiCo, Inc.'s gross margin of 54.5% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 14.1% demonstrates discipl
A return on equity of 42.8% demonstrates that PepsiCo, Inc. generates strong returns from shareholder capital, a hallmark of companies with durable competitive advantages.

Starbucks

With a market capitalization of $112.44B, Starbucks Corporation is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital acces
Starbucks Corporation maintains a gross margin of 22.2% and operating margin of 9.3%, demonstrating consistent operational execution and cost discipline in a competitive market.

Weaknesses

PepsiCo

With a debt-to-equity ratio of 258.1, PepsiCo, Inc. carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility and increases vuln
With 306,000 employees globally, PepsiCo, Inc. faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that smaller, nimbler c

Starbucks

A net profit margin of 3.6% leaves limited buffer against revenue fluctuations or cost increases. Any significant market downturn could quickly pressure profitability.
With 381,000 employees globally, Starbucks Corporation faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that smaller, n

Opportunities

PepsiCo

PepsiCo, Inc. operates in the Beverages - Non-Alcoholic segment of the broader Consumer Defensive sector, which represents a $12 trillion global consumer staples market. Even modest share gains in thi
Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for PepsiCo
Earnings growth of 67.5% YoY demonstrates PepsiCo, Inc.'s ability to convert revenue growth into shareholder value. Analysts project continued earnings expansion driven by operating leverage as fixed

Starbucks

Starbucks Corporation operates in the Restaurants segment of the broader Consumer Cyclical sector, which represents a $28 trillion global consumer spending market. Even modest share gains in this envi
Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Starbuc
With $3.60B in cash and strong free cash flow generation, Starbucks Corporation is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic reach.

Threats

PepsiCo

Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. PepsiCo, Inc.'s revenue is not fully insulated from macroeconomic cycles, and a recession sc
Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on PepsiCo, Inc.'s bus
Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri

Starbucks

Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Starbucks Corporation's revenue is not fully insulated from macroeconomic cycles, and a rece
Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Starbucks Corporati
Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri

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PepsiCo vs Starbucks: FAQ

Is PepsiCo bigger than Starbucks?: By market capitalization, PepsiCo is larger at $218.98B vs Starbucks's $115.57B.
Which has better profit margins — PepsiCo or Starbucks?: PepsiCo has higher net profit margins (8.8%) compared to Starbucks (3.6%). Gross and operating margins are compared in the table above.
What sectors do PepsiCo and Starbucks operate in?: PepsiCo operates in the Consumer Defensive sector (Beverages - Non-Alcoholic). Starbucks operates in the Consumer Cyclical sector (Restaurants).
How does PepsiCo's revenue compare to Starbucks's?: PepsiCo generates $93.92B in annual revenue (TTM) while Starbucks generates $37.70B. PepsiCo is the larger company by revenue as of 2026.