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Coca-Cola's return on common equity (ROE) has been relatively strong over the past three years, with a positive trend in each period. In 2023, the ROE was 8.85%, indicating that the company generated an 8.85% return on the equity invested by its shareholders. This was a slight improvement from 6.89% in 2022. In 2021, Coca-Cola had an ROE of 9.36%, which was the highest among the three years, reflecting efficient use of equity and strong profitability. The positive trend in ROE suggests Coca-Cola's ability to generate good returns for its shareholders, even with slight fluctuations in its performance. PepsiCo's return on common equity (ROE), however, has been significantly weaker and negative in the last two years. In 2023, PepsiCo's ROE was -16.12%, indicating a loss relative to the equity invested by shareholders. This sharp decline from -0.53% in 2022 and 2.49% in 2021 reflects significant challenges in generating profits for shareholders. The negative ROE in 2023 and 2022 highlights operational inefficiencies and a lack of profitability, pointing to struggles in turning equity into returns for investors. When comparing the return on common equity (ROE) between Coca-Cola and PepsiCo. Coca-Cola has consistently outperformed PepsiCo. Coca-cola demonstrated a positive ROE in each year, with a slight decline in 2022 followed by a recovery in 2023. In contrast, PepsiCo's ROE was negative in 2023 and 2022, showing that the company has not been able to generate value for its shareholders during those years. Although PepsiCo had a positive ROE of 2.49% in 2021, it still lagged behind Coca-Cola's higher and more stable returns. Overall, Coca-Cola's ability to generate positive returns on equity is far superior to PepsiCo's performance in recent years