Coca-Cola vs. PepsiCo: Pepsi's Revenue Dwarfs Coke's, but This Is the Number to Watch

While PepsiCo's revenue nearly doubles Coca-Cola's, Coca-Cola's steadier quarterly growth and superior operating margins (33.4% vs 16.9%) signal stronger pricing power and a more efficient business model. Recent account losses to Coca-Cola, including KFC's $500M switch and Marriott's beverage provider change, have pressured PepsiCo's outlook, while Coca-Cola stock has surged 40% in 2026.