LOWOutside partyCustomer
16%
Walmart
“10-K Item 1: 'Our largest retailer, Walmart, represented approximately 16% of our consolidated net sales in 2025.'”
KDP · Concentration risk · 10-K extracted
Keurig Dr Pepper (KDP) concentration risks
Updated
The most significant concentration Keurig Dr Pepper discloses is Walmart at 16%, classified LOW by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Keurig Dr Pepper’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile is narrow, with a single customer dependency identified in the filing. The largest retailer, Walmart, represented approximately 16% of consolidated net sales in 2025 — a low share by disclosed size. The character is dependency, as this reflects reliance on a specific retail counterparty's purchasing and shelf-space decisions rather than any structural feature of the end-market. At that level of individual share, a shift in Walmart's buying patterns, promotional terms, or private-label strategy could affect results, but the contained weight in the revenue mix limits the magnitude relative to companies with more acutely skewed customer bases. No additional customer, geographic, supplier, or product concentrations are disclosed in the filing. On balance, the disclosed profile is limited. The Walmart relationship is the single named dependency on record, and its relatively contained individual share means the company's results are not tightly levered to any one counterparty's decisions. Investors should monitor the terms of this retail relationship — particularly pricing and promotional arrangements — but the absence of other disclosed concentration layers means this is not a dominant risk factor in the overall investment profile.
For the engine’s reasoning on KDP’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Beverages - Non-Alcoholic
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| COCO | The Vita Coco Company, Inc. | 3 | 1 | 0 | 4 |
| KO | Coca-Cola Company (The) | 2 | 3 | 0 | 5 |
| FIZZ | National Beverage Corp. | 1 | 1 | 0 | 2 |
| COKE | Coca-Cola Consolidated, Inc. | 1 | 0 | 2 | 3 |
| CELH | Celsius Holdings, Inc. | 0 | 1 | 0 | 1 |
| KDP● | Keurig Dr Pepper Inc. | 0 | 0 | 1 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.