KO

MKT CAP:$330B

The Coca-Cola Company

Market Cap

$330B

Consumer Defensive·Beverages - Non-Alcoholic·🇺🇸 United States·NYSE

Consumer Def.·Beverages·🇺🇸·NYSE

Stock Price

$76.58+$7.46 (+10.80%)

Apr 24, 2026

Company Details

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, a...

CEO

Henrique Braun

IPO Date

Sep 5, 1919

Website

www.coca-colacompany.com

Key Metrics TTM

Revenue

$47.9B

+1.9% YoY

Net Income

$13.1B

EPS (Diluted)

$3.04

Free Cash Flow

$5.3B

Revenue / Share

$11.12

Gross Margin

61.6%

Operating Margin

28.7%

Net Margin

27.3%

FCF Margin

11.0%

P/S

6.9x

P/E

25.1x

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Feb 20, 2026

$47.9B+1.9%EPS $3.04

Q4 2025

Feb 20, 2026

$11.8B+2.4%EPS $0.53

Q3 2025

Oct 23, 2025

$12.5B+5.1%EPS $0.86

Q2 2025

Jul 24, 2025

$12.5B+1.4%EPS $0.88

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$9.0B	$5.5B	$2.7B
Q3 21	$10.0B	$6.1B	$2.9B
Q1 22	$10.5B	$6.4B	$3.4B
Q2 22	$11.3B	$6.5B	$2.3B
Q3 22	$11.1B	$6.5B	$3.1B
Q1 23	$11.0B	$6.7B	$3.4B
Q3 23	$12.0B	$7.3B	$3.3B
Q4 23	$10.8B	$6.2B	$2.3B
Q1 24	$11.3B	$7.1B	$2.1B
Q2 24	$12.4B	$7.6B	$2.6B
Q3 24	$11.9B	$7.2B	$2.5B
Q4 24	$11.5B	$6.9B	$2.7B
Q1 25	$11.1B	$7.0B	$3.7B
Q2 25	$12.5B	$7.8B	$4.3B
Q3 25	$12.5B	$7.7B	$4.0B
Q4 25	$11.8B	$7.1B	$1.8B

Valuation

Quarter	P/S	P/E
Q1 21	6.3x	28.4x
Q3 21	6.2x	25.3x
Q1 22	7.1x	29.3x
Q2 22	6.7x	29.0x
Q3 22	5.7x	24.6x
Q1 23	6.2x	25.4x
Q3 23	5.3x	21.9x
Q4 23	5.8x	23.6x
Q1 24	5.8x	23.0x
Q2 24	5.9x	25.6x
Q3 24	6.7x	29.7x
Q4 24	5.7x	25.1x
Q1 25	6.6x	28.6x
Q2 25	6.5x	25.0x
Q3 25	6.0x	21.8x
Q4 25	6.3x	23.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$1.6B	$1.4B
Q3 21	$3.7B	$3.4B
Q1 22	$623M	$406M
Q2 22	$3.9B	$3.7B
Q3 22	$3.5B	$3.2B
Q1 23	$160M	-$116M
Q3 23	$4.3B	$3.9B
Q4 23	$2.7B	$1.8B
Q1 24	$528M	$158M
Q2 24	$3.6B	$3.2B
Q3 24	-$1.3B	-$1.7B
Q4 24	$4.0B	$3.1B
Q1 25	-$5.2B	-$5.5B
Q2 25	$3.8B	$3.4B
Q3 25	$5.0B	$4.6B
Q4 25	$3.8B	$2.9B

Capital Expenditures

Quarter	CapEx
Q1 21	$216M
Q3 21	$278M
Q1 22	$217M
Q2 22	$270M
Q3 22	$289M
Q1 23	$276M
Q3 23	$386M
Q4 23	$851M
Q1 24	$370M
Q2 24	$422M
Q3 24	$469M
Q4 24	$803M
Q1 25	$309M
Q2 25	$442M
Q3 25	$479M
Q4 25	$882M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	-7.0%	-17.8%
Q3 21	+10.6%	+4.6%
Q1 22	+10.4%	+1.1%
Q2 22	+30.9%	+41.4%
Q3 22	+22.6%	+26.6%
Q1 23	+9.3%	+6.6%
Q3 23	+13.9%	+22.5%
Q4 23	-4.2%	-4.5%
Q1 24	+2.1%	+14.8%
Q2 24	+12.6%	+27.8%
Q3 24	-0.8%	+7.6%
Q4 24	+6.4%	+3.0%
Q1 25	-1.5%	-18.4%
Q2 25	+1.4%	-15.2%
Q3 25	+5.1%	-9.3%
Q4 25	+2.4%	+13.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$58M	0.6%
Q3 21	$88M	0.9%
Q1 22	$87M	0.8%
Q2 22	$102M	0.9%
Q3 22	$84M	0.8%
Q1 23	$58M	0.5%
Q3 23	$57M	0.5%
Q4 23	$77M	0.7%
Q1 24	$68M	0.6%
Q2 24	$72M	0.6%
Q3 24	$67M	0.6%
Q4 24	$79M	0.7%
Q1 25	$63M	0.6%
Q2 25	$67M	0.5%
Q3 25	$74M	0.6%
Q4 25	$75M	0.6%

OpEx Breakdown

Quarter	G&A	S&M
Q1 21	$1.7B	$901M
Q3 21	$1.9B	$1.2B
Q1 22	$1.9B	$980M
Q2 22	$2.0B	$1.2B
Q3 22	$1.8B	$1.5B
Q1 23	$2.1B	$1.1B
Q3 23	$2.1B	$1.5B
Q4 23	$2.7B	$1.2B
Q1 24	$2.2B	$1.2B
Q2 24	$2.1B	$1.4B
Q3 24	$2.2B	$1.4B
Q4 24	$2.8B	$1.2B
Q1 25	$2.1B	$1.1B
Q2 25	$2.1B	$1.3B
Q3 25	$4.3B	—
Q4 25	$2.7B	$1.5B

Revenue Segments

Quarter	Bottling investments	Corporate Segment	Global Ventures	Intersegment Eliminations	Pacific
Q1 21	$1.9B	$17M	$570M	-$334M	$6.9B
Q3 21	$1.7B	$25M	$753M	-$306M	$7.9B
Q1 22	$2.0B	$25M	$729M	-$355M	$8.0B
Q2 22	$2.1B	$23M	$695M	-$392M	$8.9B
Q3 22	$1.8B	$29M	$679M	-$313M	$8.9B
Q1 23	$1.9B	$25M	$707M	-$383M	$8.7B
Q3 23	$1.9B	$40M	$779M	-$340M	$9.6B
Q4 23	$2.0B	$31M	$813M	-$345M	$8.3B
Q1 24	$1.8B	$27M	$730M	-$417M	$9.1B
Q2 24	$1.5B	$30M	$768M	-$287M	$10.3B
Q3 24	$1.3B	$18M	$781M	-$252M	$10.0B
Q4 24	$1.6B	$22M	$850M	-$208M	$9.3B
Q1 25	$1.5B	$26M	—	-$276M	$9.9B
Q2 25	$1.4B	$39M	—	-$279M	$11.4B
Q3 25	$1.3B	$34M	—	-$253M	$11.3B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$7.7B	$2.7B	$10.4B
Q2 22	$9.0B	$2.6B	$11.6B
Q3 22	$10.1B	$3.1B	$13.2B
Q4 22	$9.5B	$2.1B	$11.6B
Q1 23	$12.0B	$2.3B	$14.3B
Q2 23	$12.6B	$3.1B	$15.7B
Q3 23	$11.9B	$3.6B	$15.4B
Q4 23	$9.4B	$4.3B	$13.7B
Q1 24	$10.4B	$6.5B	$16.9B
Q2 24	$13.7B	$5.3B	$19.0B
Q3 24	$13.9B	$4.2B	$18.2B
Q4 24	$10.8B	$3.7B	$14.6B
Q1 25	$8.4B	$5.4B	$13.8B
Q2 25	$9.6B	$4.7B	$14.3B
Q3 25	$12.7B	$3.0B	$15.8B
Q4 25	$10.3B	$3.6B	$13.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	4.33B	+0.2%	+0.1%
Q3 21	4.34B	+0.3%	+0.6%
Q1 22	4.36B	+0.3%	+0.8%
Q2 22	4.35B	-0.1%	+0.7%
Q3 22	4.35B	-0.2%	+0.4%
Q1 23	4.34B	-0.0%	+0.0%
Q3 23	4.34B	-0.1%	-0.4%
Q4 23	4.33B	-0.2%	-0.5%
Q1 24	4.32B	-0.2%	-0.6%
Q2 24	4.32B	-0.1%	-0.6%
Q3 24	4.32B	+0.1%	-0.4%
Q4 24	4.32B	-0.1%	-0.2%
Q1 25	4.31B	-0.2%	-0.2%
Q2 25	4.31B	+0.0%	-0.1%
Q3 25	4.31B	0.0%	-0.2%
Q4 25	4.31B	-0.0%	-0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$112.3K	80K
Q3 21	$125.1K	80K
Q1 22	$132.8K	79K
Q2 22	$143.4K	79K
Q3 22	$140.0K	79K
Q1 23	$133.1K	83K
Q3 23	$144.9K	83K
Q4 23	$137.2K	79K
Q1 24	$142.9K	79K
Q2 24	$156.3K	79K
Q3 24	$149.9K	79K
Q4 24	$165.6K	70K
Q1 25	$159.7K	70K
Q2 25	$179.8K	70K
Q3 25	$178.7K	70K
Q4 25	$179.4K	66K

Revenue / Employee