CCEP

MKT CAP:$44B

Coca-Cola Europacific Partners PLC

Market Cap

$44B

Consumer Defensive·Beverages - Non-Alcoholic·🇬🇧 United Kingdom·NASDAQ

Consumer Def.·Beverages·🇬🇧·NASDAQ

Stock Price

$97.73+$9.52 (+10.79%)

Apr 24, 2026

Company Details

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced wa...

CEO

Damian Paul Gammell

IPO Date

Nov 24, 1986

Website

www.cocacolaep.com

Key Metrics TTM

Revenue

$46.8B

+26.0% YoY

Net Income

$3.7B

EPS (Diluted)

$7.99

Free Cash Flow

$4.7B

Revenue / Share

$101.98

Gross Margin

35.9%

Operating Margin

11.7%

Net Margin

7.9%

FCF Margin

10.0%

P/S

0.9x

P/E

11.9x

Earnings Reports

Q2 2025

Aug 7, 2025

$12.0B+4.5%EPS $2.33

FY 2024

Mar 21, 2025

$23.9B+11.7%EPS $3.60

Q4 2024

Mar 21, 2025

$12.4B+13.8%EPS $1.57

Q2 2024

Jun 28, 2024

$11.5B+9.5%EPS $2.02

FY 2023

Mar 15, 2024

$21.4BEPS $4.26

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 15	$3.7B	$1.4B	$445M
Q4 15	$3.7B	$1.4B	$442M
Q2 16	$4.1B	$1.6B	$367M
Q4 16	$6.5B	$2.6B	$628M
Q2 17	$6.4B	$2.5B	$742M
Q4 17	$6.6B	$2.6B	$731M
Q2 18	$6.4B	$2.5B	$707M
Q4 18	$7.1B	$2.8B	$813M
Q2 21	$6.9B	$2.5B	$608M
Q4 21	$9.2B	$3.5B	$1.2B
Q4 22	$10.6B	$3.8B	$1.3B
Q2 23	$10.5B	$3.8B	$1.4B
Q4 23	$10.9B	$4.0B	$1.4B
Q2 24	$11.5B	$4.1B	$1.3B
Q4 24	$12.4B	$4.4B	$1.2B
Q2 25	$12.0B	$4.2B	$1.6B

Valuation

Quarter	P/S	P/E
Q2 15	0.7x	7.9x
Q4 15	0.8x	9.5x
Q2 16	0.6x	8.1x
Q4 16	0.9x	12.6x
Q2 17	0.9x	13.2x
Q4 17	0.8x	13.2x
Q2 18	0.8x	11.6x
Q4 18	0.8x	12.0x
Q2 21	1.0x	16.5x
Q4 21	0.9x	11.6x
Q4 22	0.8x	9.6x
Q2 23	0.8x	9.5x
Q4 23	0.7x	8.0x
Q2 24	0.8x	8.7x
Q4 24	0.8x	9.7x
Q2 25	0.9x	11.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 15	$412M	$207M
Q4 15	$666M	$530M
Q2 16	$395M	$212M
Q4 16	$1.1B	$706M
Q2 17	$550M	$318M
Q4 17	$1.3B	$1.0B
Q2 18	$726M	$484M
Q4 18	$1.4B	$1.0B
Q2 21	$1.1B	$927M
Q4 21	$1.4B	$1.1B
Q4 22	$1.5B	$1.1B
Q2 23	$1.5B	$1.2B
Q4 23	$1.8B	$1.3B
Q2 24	$1.3B	$856M
Q4 24	$2.3B	$1.8B
Q2 25	$1.2B	$752M

Capital Expenditures

Quarter	CapEx
Q2 15	$205M
Q4 15	$137M
Q2 16	$184M
Q4 16	$353M
Q2 17	$231M
Q4 17	$334M
Q2 18	$242M
Q4 18	$372M
Q2 21	$134M
Q4 21	$274M
Q4 22	$376M
Q2 23	$309M
Q4 23	$477M
Q2 24	$456M
Q4 24	$469M
Q2 25	$401M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 15	+3.8%	+4.0%
Q4 15	+2.5%	+3.1%
Q2 16	+15.0%	+18.3%
Q4 16	+66.6%	+73.6%
Q2 17	+69.9%	+70.4%
Q4 17	+79.7%	+81.7%
Q2 18	+53.3%	+49.5%
Q4 18	+8.9%	+6.7%
Q2 21	+8.9%	+12.4%
Q4 21	+39.4%	+37.0%
Q4 22	+66.3%	+64.0%
Q2 23	+47.6%	+44.9%
Q4 23	+57.6%	+51.1%
Q2 24	+25.3%	+26.8%
Q4 24	+17.4%	+21.4%
Q2 25	+14.4%	+14.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 15	$16M	0.4%
Q4 15	$29M	0.8%
Q2 16	$32M	0.8%
Q4 16	$18M	0.3%
Q2 17	$8M	0.1%
Q4 17	$8M	0.1%
Q2 18	$8M	0.1%
Q4 18	$12M	0.2%
Q2 21	$5M	0.1%
Q4 21	$15M	0.2%
Q4 22	$25M	0.2%
Q2 23	$34M	0.3%
Q4 23	$33M	0.3%
Q2 24	$23M	0.2%
Q4 24	$29M	0.2%
Q2 25	$25M	0.2%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 15	—	$345M	$544M
Q4 15	$29M	$350M	$509M
Q2 16	—	$525M	$647M
Q4 16	$39M	$741M	$1.2B
Q2 17	—	$506M	$1.2B
Q4 17	$44M	$553M	$1.3B
Q2 18	—	$490M	$1.3B
Q4 18	$50M	$656M	$1.3B
Q2 21	—	$614M	$1.2B
Q4 21	$88M	$478M	$1.7B
Q4 22	—	$572M	$1.8B
Q2 23	—	$738M	$1.8B
Q4 23	—	$680M	$1.9B
Q2 24	—	$857M	$1.9B
Q4 24	—	$709M	$2.0B
Q2 25	—	$786M	$1.9B

Revenue by Geography

Quarter	Belgium, Luxembourg, And Netherlands	France and Monaco	Germany	Great Britain	Iceland	Norway	Sweden	Spain, Portugal, And Andorra	Australia	Belgium, Luxembourg	Indonesia And Papua New Guinea	Netherlands	New Zealand And Pacific Islands
Q2 18	$892M	$1.0B	$1.3B	$1.2B	$53M	$248M	$215M	$1.4B	—	—	—	—	—
Q4 21	—	$1.1B	$1.5B	$1.7B	$48M	$223M	$229M	$1.7B	$1.2B	$552M	$378M	$340M	$341M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 18	$430M	$0	$430M
Q4 18	$361M	$0	$361M
Q2 19	$447M	$0	$447M
Q4 19	$369M	$0	$369M
Q2 20	$1.0B	$0	$1.0B
Q4 20	$1.8B	$0	$1.8B
Q2 21	$2.1B	$0	$2.1B
Q4 21	$1.6B	$68M	$1.7B
Q2 22	$2.1B	$279M	$2.4B
Q4 22	$1.6B	$299M	$1.9B
Q2 23	$1.3B	$1.0B	$2.3B
Q4 23	$1.7B	$664M	$2.3B
Q2 24	$1.9B	$318M	$2.2B
Q4 24	$1.8B	$175M	$2.0B
Q2 25	$1.9B	$469M	$2.4B
Q4 25	$1.1B	$63M	$1.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 15	237M	-4.0%	-15.7%
Q4 15	233M	-1.7%	-12.1%
Q2 16	283M	+21.5%	+10.1%
Q4 16	487M	+72.1%	+97.2%
Q2 17	488M	+0.2%	+105.9%
Q4 17	490M	+0.4%	+110.3%
Q2 18	489M	-0.2%	+72.8%
Q4 18	487M	-0.4%	0.0%
Q2 21	457M	-6.2%	-6.4%
Q4 21	456M	-0.2%	-6.9%
Q4 22	458M	+0.4%	-6.3%
Q2 23	459M	+0.2%	-5.7%
Q4 23	460M	+0.2%	+0.7%
Q2 24	460M	0.0%	+0.8%
Q4 24	462M	+0.4%	+0.9%
Q2 25	459M	-0.6%	0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 15	—	—
Q4 15	—	—
Q2 16	—	—
Q4 16	$266.7K	25K
Q2 17	$259.4K	25K
Q4 17	$279.9K	24K
Q2 18	$270.4K	24K
Q4 18	$593M	12
Q2 21	$314.5K	22K
Q4 21	$277.9K	33K
Q4 22	$320.3K	33K
Q2 23	$318.1K	33K
Q4 23	$21.8K	500K
Q2 24	$23.0K	500K
Q4 24	$302.6K	41K
Q2 25	$293.0K	41K

Revenue / Employee