PEP vs. MDLZ

Last updated Apr 2, 2026

Compare and contrast key facts about PepsiCo, Inc. (PEP) and Mondelez International, Inc. (MDLZ).

Performance

PEP vs. MDLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PepsiCo, Inc. (PEP) and Mondelez International, Inc. (MDLZ). The values are adjusted to include any dividend payments, if applicable.

PEP vs. MDLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEP PepsiCo, Inc.	8.72%	-1.85%	-7.60%	-3.29%	6.78%	20.56%	11.67%	27.38%	-4.81%	17.82%
MDLZ Mondelez International, Inc.	6.94%	-7.03%	-15.30%	11.17%	2.92%	15.87%	8.58%	40.42%	-4.27%	-1.58%

Fundamentals

Market Cap PEP : $212.03B MDLZ : $73.73B
EPS PEP : $6.00 MDLZ : $1.89
PE Ratio PEP : 25.76 MDLZ : 30.23
PS Ratio PEP : 2.26 MDLZ : 1.92
PB Ratio PEP : 10.39 MDLZ : 2.85
Total Revenue (TTM) PEP : $93.93B MDLZ : $38.54B
Gross Profit (TTM) PEP : $50.86B MDLZ : $10.94B
EBITDA (TTM) PEP : $14.39B MDLZ : $4.50B

Returns By Period

In the year-to-date period, PEP achieves a 8.72% return, which is significantly higher than MDLZ's 6.94% return. Over the past 10 years, PEP has outperformed MDLZ with an annualized return of 7.27%, while MDLZ has yielded a comparatively lower 5.73% annualized return.

PEP

• 1D: -0.41%
• 1M: -6.72%
• YTD: 8.72%
• 6M: 10.07%
• 1Y: 7.46%
• 3Y*: -2.09%
• 5Y*: 5.03%
• 10Y*: 7.27%

MDLZ

• 1D: -0.99%
• 1M: -4.76%
• YTD: 6.94%
• 6M: -8.04%
• 1Y: -12.83%
• 3Y*: -3.81%
• 5Y*: 2.13%
• 10Y*: 5.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PEP vs. MDLZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PEP

PEP Risk / Return Rank: 49
PEP Sharpe Ratio Rank: 53
PEP Sortino Ratio Rank: 46
PEP Omega Ratio Rank: 43
PEP Calmar Ratio Rank: 53
PEP Martin Ratio Rank: 52

MDLZ

MDLZ Risk / Return Rank: 19
MDLZ Sharpe Ratio Rank: 16
MDLZ Sortino Ratio Rank: 15
MDLZ Omega Ratio Rank: 16
MDLZ Calmar Ratio Rank: 24
MDLZ Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PEP vs. MDLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) and Mondelez International, Inc. (MDLZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PEP	MDLZ	Difference
Sharpe ratio Return per unit of total volatility	0.33	-0.57	+0.91
Sortino ratio Return per unit of downside risk	0.68	-0.68	+1.36
Omega ratio Gain probability vs. loss probability	1.08	0.92	+0.16
Calmar ratio Return relative to maximum drawdown	0.48	-0.50	+0.98
Martin ratio Return relative to average drawdown	0.98	-0.96	+1.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEP vs. MDLZ - Sharpe Ratio Comparison

The current PEP Sharpe Ratio is 0.33, which is higher than the MDLZ Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of PEP and MDLZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PEP	MDLZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	-0.57	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.11	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.27	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.32	+0.06

Correlation

The correlation between PEP and MDLZ is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PEP vs. MDLZ - Dividend Comparison

PEP's dividend yield for the trailing twelve months is around 3.68%, more than MDLZ's 3.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEP PepsiCo, Inc.	3.68%	3.92%	3.51%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%
MDLZ Mondelez International, Inc.	3.45%	3.60%	3.00%	2.24%	2.21%	2.01%	2.05%	1.98%	2.40%	1.92%	1.62%	1.43%

Drawdowns

PEP vs. MDLZ - Drawdown Comparison

The maximum PEP drawdown since its inception was -73.92%, which is greater than MDLZ's maximum drawdown of -42.52%. Use the drawdown chart below to compare losses from any high point for PEP and MDLZ.

Drawdown Indicators

	PEP	MDLZ	Difference
Max Drawdown Largest peak-to-trough decline	-73.92%	-42.52%	-31.40%
Max Drawdown (1Y) Largest decline over 1 year	-15.14%	-25.93%	+10.79%
Max Drawdown (5Y) Largest decline over 5 years	-30.32%	-29.14%	-1.18%
Max Drawdown (10Y) Largest decline over 10 years	-30.32%	-29.74%	-0.58%
Current Drawdown Current decline from peak	-12.75%	-20.81%	+8.06%
Average Drawdown Average peak-to-trough decline	-13.64%	-10.99%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.39%	13.57%	-6.18%

Volatility

PEP vs. MDLZ - Volatility Comparison

The current volatility for PepsiCo, Inc. (PEP) is 5.23%, while Mondelez International, Inc. (MDLZ) has a volatility of 7.03%. This indicates that PEP experiences smaller price fluctuations and is considered to be less risky than MDLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEP	MDLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	7.03%	-1.80%
Volatility (6M) Calculated over the trailing 6-month period	14.84%	16.35%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	22.46%	22.47%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.11%	19.22%	-1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	21.01%	-1.47%

Financials

PEP vs. MDLZ - Profitability Comparison

The chart below illustrates the profitability comparison between PepsiCo, Inc. and Mondelez International, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PEP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported a gross profit of 15.62B and revenue of 29.34B. Therefore, the gross margin over that period was 53.2%.

MDLZ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Mondelez International, Inc. reported a gross profit of 2.96B and revenue of 10.50B. Therefore, the gross margin over that period was 28.2%.

PEP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported an operating income of 3.56B and revenue of 29.34B, resulting in an operating margin of 12.1%.

MDLZ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Mondelez International, Inc. reported an operating income of 952.00M and revenue of 10.50B, resulting in an operating margin of 9.1%.

PEP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PepsiCo, Inc. reported a net income of 2.54B and revenue of 29.34B, resulting in a net margin of 8.7%.

MDLZ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Mondelez International, Inc. reported a net income of 665.00M and revenue of 10.50B, resulting in a net margin of 6.3%.