Pepsi Generates Twice the Revenue of Coca-Cola, yet Its Market Cap Is only Half as Big

PepsiCo started losing the cola wars when its CEOs lost focus

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PepsiCo’s 2025 Revenue Nearly Doubled Coca-Cola’s, but Its Market Cap Was Smaller

At the Oct. 23 close, PepsiCo’s market capitalization was $185.02 billion, compared with Coca-Cola’s $398.89 billion.

How they lost the cola wars: Pepsi generates twice the revenue of Coca-Cola, yet its market cap is only half as big

Good morning. On Fortune’s radar today: How Pepsi got crushed by Coca-Cola. Anthropic’s Claude obtained unauthorized access to U.S. voter data. Who knew? Anthropic doesn’t own “Claude Mythos” trademark. Markets: Looking up. An ominous decline in the architecture business. Can Apple sell 10 million…

Pepsi generates twice the revenue of Coca-Cola, yet its market cap is only half as big

PepsiCo has suffered many setbacks in recent years, but perhaps few were as symbolic as being jilted by a long-time partner it used to own, KFC. The fried chicken chain said earlier this month that it would begin replacing PepsiCo’s soft drinks with Coca-Cola products at its 3,700 U.S. restaurants in January. The two companies’ […]