Coca-Cola vs. PepsiCo: 10 Years of Market Cap Showdown (2015–2025)

The graph tracks the market capitalization growth of Coca‑Cola and PepsiCo over the past decade. Coca‑Cola rose from $186.83B in 2015 to $297.51B in 2025 — a 1.59× increase with a 4.76% CAGR. PepsiCo climbed from $145.57B to $204.75B, growing 1.41× at a 3.47% CAGR.

Takeaways:

• Coca‑Cola outperformed PepsiCo in both growth multiple and annualized return.
• Both peaked in 2021 before modest pullbacks, mirroring broader market trends and post‑pandemic consumption shifts.
• Coke’s growth momentum may be linked to beverage portfolio innovation and strategic acquisitions, while PepsiCo’s steadier climb reflects its diversified food‑and‑drink mix.

Analysis:

Coca‑Cola’s stronger CAGR suggests that focused beverage innovation and brand premiumization paid off over the decade, even against macroeconomic headwinds. PepsiCo’s performance underscores the stability of a diversified model but highlights how pure‑play beverage strategies can sometimes capture more valuation upside in bullish cycles.