KO (The Coca-Cola Company) Stock Financials & Earnings

Company Info & Key Metrics

Consumer Defensive Beverages - Non-Alcoholic

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, coff...

CEOJames Robert Quincey

Country🇺🇸 United States

ExchangeNYSE

IPOSep 5, 1919

www.coca-colacompany.com

Revenue$11.8B

YoY Growth+2.4%

QoQ Growth-5.1%

Net Income$2.3B

EPS$0.53

Free Cash Flow$2.9B

Gross Margin60.0%

Op. Margin15.6%

Net Margin19.2%

FCF Margin24.3%

Rev Multiple (TTM)7.0x

P/E Ratio (TTM)25.5x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$11.0B	$6.7B	$3.4B
Q2 23	$12.0B	$7.1B	$2.4B
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

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	7.7x	33.9x
Q2 23	7.6x	31.8x
Q3 23	7.4x	31.1x
Q4 23	7.3x	31.2x
Q1 24	7.3x	31.0x
Q2 24	7.2x	31.4x
Q3 24	7.2x	32.2x
Q4 24	7.1x	31.5x
Q1 25	7.1x	31.0x
Q2 25	7.1x	27.5x
Q3 25	7.0x	25.7x
Q4 25	7.0x	25.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$160M	-$116M
Q2 23	$4.5B	$4.1B
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

CapEx

Quarter	CapEx
Q1 23	$276M
Q2 23	$339M
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

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+4.7%	+7.4%
Q2 23	+5.7%	+6.5%
Q3 23	+8.0%	+8.9%
Q4 23	+7.2%	+6.5%
Q1 24	+2.9%	+20.3%
Q2 24	+3.3%	+1.7%
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 23	$58M	0.5%
Q2 23	$62M	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 23	$2.1B	$1.1B
Q2 23	$2.1B	$1.2B
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	$4.2B	—

Revenue Segments

Quarter	Bottling investments	Corporate Segment	Global Ventures	Pacific
Q1 23	$1.9B	$25M	$707M	$8.7B
Q2 23	$2.0B	$30M	$765M	$9.5B
Q3 23	$1.9B	$40M	$779M	$9.6B
Q4 23	$2.0B	$31M	$813M	$8.3B
Q1 24	$1.8B	$27M	$730M	$9.1B
Q2 24	$1.5B	$30M	$768M	$10.3B
Q3 24	$1.3B	$18M	$781M	$10.0B
Q4 24	$1.6B	$22M	$850M	$9.3B
Q1 25	$1.5B	$26M	—	$9.9B
Q2 25	$1.4B	$39M	—	$11.4B
Q3 25	$1.3B	$34M	—	$11.3B

War Chest

Quarter	Cash	Short-term Investments	Total
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
Q1 23	4.34B	-0.0%
Q2 23	4.34B	-0.1%
Q3 23	4.34B	-0.0%
Q4 23	4.33B	-0.2%
Q1 24	4.32B	-0.2%
Q2 24	4.32B	-0.1%
Q3 24	4.32B	+0.1%
Q4 24	4.32B	-0.1%
Q1 25	4.31B	-0.2%
Q2 25	4.31B	+0.0%
Q3 25	4.31B	+0.0%
Q4 25	4.31B	-0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$356K	129K
FY 15	$360K	123K
FY 16	$417K	100K
FY 17	$586K	62K
FY 18	$548K	63K
FY 19	$432K	86K
FY 20	$411K	80K
FY 21	$489K	79K
FY 22	$521K	83K
FY 23	$578K	79K
FY 24	$675K	70K
FY 25	$727K	66K