Coke, specifically The Coca-Cola Company, is bigger than PepsiCo in terms of market capitalization.
While both PepsiCo and The Coca-Cola Company are massive global corporations, they differ in overall size and focus. The most common metric used to compare their sizes is market capitalization, which reflects the total value of their outstanding shares.
- Market Capitalization:
- As of late 2023, The Coca-Cola Company generally holds a higher market capitalization than PepsiCo. The provided reference indicates Coca-Cola's market capitalization is around $256 billion USD while PepsiCo's is around $232 billion USD. These figures can fluctuate daily, so it's important to check current financial data for the most up-to-date values.
It's crucial to understand that while Coca-Cola is bigger in terms of market cap, PepsiCo has a more diverse portfolio. PepsiCo owns not only Pepsi and other beverages but also major snack brands like Lay's, Doritos, and Quaker Oats. The Coca-Cola Company, on the other hand, primarily focuses on beverages. This difference in business strategy impacts their respective revenue streams and overall valuations.
In summary, based on market capitalization, The Coca-Cola Company is generally considered the larger company.
