Sunday 18 October 2026 Export KO’s income statement to Excel — free account

CocaCola Company (The)

KO Consumer Defensive Beverages Non Alcoholic

CocaCola Company (The)’s revenue for fiscal 2025 (year ended December 2025) was $47.9 billion, up 1.87% from fiscal 2024. In the quarter to June 2026, revenue grew 6.74%, EPS grew 15.7%, free cash flow grew 51.4% and total debt fell 3.49%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years, revenue growth for five.

93.90 1.90 +2.07%

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Market cap: $395.8B
P/E: 28.1×
Fwd P/E: 28.0×
Dividend yield: 2.24%
F-score: 7/9
Altman Z: 4.63
Beneish M: −2.35
Dividend safety: 51/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 254.80

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	3	—	—	5	5	—	2	5	3	4	—	—

Insider Ownership 0.77%

Capital & Financial Ratios $m

Market Cap 395,830.00

Revenue 50,129.00

Net Income 14,403.00

Free Cash Flow 14,304.00

Net Debt 27,124.00

Current Ratio 1.30

Debt/Equity 1.14

P/E ratio 28.07

Fwd P/E 28.00

P/S ratio 8.02

P/B ratio 10.50

Past 5Y EPS Growth 11.17%

This Y EPS Growth 10.24%

Next Y EPS Growth 6.65%

Next Y revenue growth 3.94%

Next 5Y EPS Growth 8.14%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 60.45%

10-year low 10-year high

P/S against its own 10 years 100.00%

10-year low 10-year high

P/B against its own 10 years 74.16%

10-year low 10-year high

EV/Sales against its own 10 years 100.00%

10-year low 10-year high

EV/FCF against its own 10 years 58.79%

10-year low 10-year high

Dividends

Payout Ratio 0.63

Annual Dividend Rate 2.10

Annual Dividend Yield 2.24%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.13	0.53 0.53 0.53
2025	2.04	0.51 0.51 0.51 0.51
2024	1.94	0.49 0.49 0.49 0.49
2023	1.84	0.46 0.46 0.46 0.46
2022	1.76	0.44 0.44 0.44 0.44
2021	1.68	0.42 0.42 0.42 0.42
2020	1.64	0.41 0.41 0.41 0.41
2019	1.60	0.40 0.40 0.40 0.40
2018	1.56	0.39 0.39 0.39 0.39
2017	1.48	0.37 0.37 0.37 0.37
2016	1.40	0.35 0.35 0.35 0.35

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	13,663	14,571	15,806	16,371
Receivables	3,410	3,569	3,038	3,732
Inventory	4,424	4,728	4,425	4,647
Other	—	131	5,342	5,438
	26,732	25,997	31,044	32,876

	2023	2024	2025	Q'26
Payables	15,485	21,712	14,813	15,434
ST’ Debt	1,960	648	1,822	6,494
Other	—	3	2,570	2,442
	23,571	25,249	21,281	25,200

Compound Annual Growth %

	10y	5y	3y
Sales	0.79%	7.75%	3.69%
Cash Flow	(3.45%)	(5.53%)	(12.39%)
Earnings	5.95%	11.09%	11.16%
Book Value	2.90%	10.00%	9.89%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	12,472	13,380	—	—	—
’25	11,129	12,535	12,455	11,822	47,941
’24	11,300	12,363	11,854	11,544	47,061
’23	10,980	11,972	11,953	10,849	45,754
’22	10,491	11,325	11,063	10,125	43,004
’21	9,020	10,129	10,042	9,464	38,655
’20	8,601	7,150	8,652	8,611	33,014

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2,021	5,522	—	—	—
’25	(5,202)	3,811	5,043	3,756	7,408
’24	528	3,585	(1,259)	3,951	6,805
’23	160	4,469	4,300	2,670	11,599
’22	623	3,923	3,522	2,950	11,018
’21	1,636	3,889	3,706	3,394	12,625
’20	556	2,230	3,434	3,624	9,844

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,757	5,109	—	—	—
’25	(5,503)	3,374	4,572	2,866	5,309
’24	172	3,170	(1,716)	3,155	4,781
’23	(95)	4,147	3,922	1,847	9,821
’22	422	3,670	3,246	2,271	9,609
’21	1,431	3,672	3,465	2,798	11,366
’20	320	2,042	3,255	3,239	8,856

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.91	1.03	—	—	—
’25	0.77	0.88	0.86	0.53	3.04
’24	0.74	0.56	0.66	0.51	2.46
’23	0.72	0.59	0.71	0.46	2.47
’22	0.64	0.44	0.65	0.47	2.19
’21	0.52	0.61	0.57	0.56	2.25
’20	0.64	0.41	0.40	0.34	1.79

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	39.88	40.22	41.45	44.42	36.27	48.11	54.02	51.55	57.93	60.62	Analyst estimates 2026–2028 Powerpack
	High	47.13	47.48	50.84	55.92	60.13	59.35	67.20	64.99	73.53	74.38
People
People	Employees	100,300	61,800	62,600	86,200	80,300	79,000	82,500	79,100	69,700	65,900
	Revenue/emp, $m	0.42	0.59	0.55	0.43	0.41	0.49	0.52	0.58	0.68	0.73
Income, $m
Income, $m	Revenue	41,863	36,212	34,300	37,266	33,014	38,655	43,004	45,754	47,061	47,941
	Gross margin, %	60.67	62.11	61.90	60.77	59.31	60.27	58.14	59.52	61.06	61.63
	EBT	8,136	6,890	8,225	10,786	9,749	12,425	11,686	12,952	13,086	15,998
	EBT margin, %	19.43	19.03	23.98	28.94	29.53	32.14	27.17	28.31	27.81	33.37
	Net income	6,550	1,283	6,476	8,985	7,768	9,804	9,571	10,703	10,649	13,137
	Depreciation	1,787	1,260	1,086	1,365	1,536	1,452	1,260	1,128	1,075	1,050
Per share, $
Per share, $	Revenue	9.70	8.48	8.05	8.72	7.69	8.96	9.94	10.58	10.92	11.14
	Earnings	1.49	0.29	1.51	2.09	1.80	2.26	2.20	2.48	2.47	3.05
	Cash flow	2.04	1.65	1.79	2.45	2.29	2.93	2.55	2.68	1.58	1.72
	Capex	(0.49)	(0.38)	(0.31)	(0.25)	(0.23)	(0.29)	(0.33)	(0.41)	(0.47)	(0.49)
	Free cash flow	1.55	1.26	1.49	2.20	2.06	2.63	2.22	2.27	1.11	1.23
	Book value	5.38	4.44	4.47	4.93	4.96	5.76	5.97	6.36	6.12	7.97
	Shares, m	4,317	4,272	4,259	4,276	4,295	4,315	4,328	4,323	4,309	4,303
Valuation, ×
Valuation, ×	P/E	27.87	162.64	31.57	26.48	30.47	26.20	28.61	24.12	25.21	22.92
	P/S	4.31	5.37	5.88	6.35	7.13	6.61	6.34	5.65	5.70	6.27
	P/B	7.77	10.25	10.58	11.22	11.07	10.28	10.55	9.41	10.17	8.78
	EV/Sales	4.57	5.75	6.30	6.90	8.03	7.30	6.92	6.17	6.31	6.86
	EV/FCF	28.66	38.59	34.13	27.38	29.95	24.84	30.97	28.76	62.06	61.96
Cash, $m
Cash, $m	Operating cash flow	8,792	7,041	7,627	10,471	9,844	12,625	11,018	11,599	6,805	7,408
	Capex	(2,112)	(1,642)	(1,300)	(1,076)	(988)	(1,259)	(1,409)	(1,778)	(2,024)	(2,099)
	Free cash flow	6,680	5,399	6,327	9,395	8,856	11,366	9,609	9,821	4,781	5,309
Balance, $m
Balance, $m	Working capital	7,478	9,351	(3,852)	(6,562)	4,639	2,595	2,867	3,161	748	9,763
	Total debt	33,211	34,480	30,379	31,769	40,610	39,454	36,776	37,507	43,023	43,941
	Net debt	11,010	13,805	14,264	20,594	29,696	26,829	25,145	23,844	28,452	28,135
	Shareholders’ equity	23,220	18,977	19,058	21,098	21,284	24,860	25,826	27,480	26,372	34,275
Returns, %
Returns, %	ROA	7.36	1.42	7.52	10.52	8.92	10.76	10.20	11.25	10.72	12.76
	ROIC	15.81	14.79	17.17	15.12	11.03	12.46	13.38	13.77	11.39	13.78
	ROE	26.65	5.92	33.83	44.43	36.56	42.35	37.65	40.20	39.48	43.22

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
KO CocaCola Company (The)	$395.8B	28.1×	28.0×	+6.74% (above 0%: growing)	+15.73% (above 0%: growing)	+51.42% (above 0%: growing)	62.89%	34.92%
PEP PepsiCo, Inc.	$175.0B	16.5×	15.8×	+5.59% (above 0%: growing)	+18.46% (above 0%: growing)	+1,051.60% (above 0%: growing)	54.42%	16.86%	Compare
MNST Monster Beverage Corporation	$88.8B	41.9×	39.7×	+20.17% (above 0%: growing)	+20.00% (above 0%: growing)	+8.01% (above 0%: growing)	55.95%	29.18%	Compare
CCEP Coca-Cola Europacific Partners	$48.7B	15.3×	22.7×	+36.01% (above 0%: growing)	+209.23% (above 0%: growing)	−33.36% (below 0%: shrinking)	35.80%	0.00%	Compare
KDP Keurig Dr Pepper, Inc	$46.5B	35.0×	21.2×	+75.57% (above 0%: growing)	−90.00% (below 0%: shrinking)	+120.43% (above 0%: growing)	41.95%	8.59%	Compare
COKE Coca-Cola Consolidated, Inc.	$13.6B	27.7×	— (loss-making)	+10.61% (above 0%: growing)	+11.16% (above 0%: growing)	−15.07% (below 0%: shrinking)	37.93%	13.22%	Compare
CELH Celsius Holdings Inc.	$7.1B	117×	23.6×	+10.64% (above 0%: growing)	−57.58% (below 0%: shrinking)	+479.43% (above 0%: growing)	48.13%	9.20%	Compare
KOF Coca Cola Femsa S.A.B. de C.V.	$6.1B	18.8×	17.4×	+17.31% (above 0%: growing)	+30.77% (above 0%: growing)	−24.76% (below 0%: shrinking)	47.09%	13.96%	Compare
COCO Vita Coco Company, Inc.	$3.3B	30.8×	29.9×	+28.08% (above 0%: growing)	+115.00% (above 0%: growing)	+287.22% (above 0%: growing)	48.72%	29.21%	Compare
Median of peers	$30.1B	29.3×	22.7×	+18.74%	+19.23%	+64.22%	47.61%	13.59%

All 17 Beverages Non Alcoholic stocks →

CocaCola Company (The) (KO) key facts

Strength: CocaCola Company (The)’s revenue for fiscal 2025 (year ended December 2025) was $47.9 billion, up 1.87% from fiscal 2024.
Strength: Net income was $13.1 billion, or $3.05 per share (basic), a net margin of 27.3%.
CocaCola Company (The) (KO) is a Beverages Non Alcoholic company in the Consumer Defensive sector, listed on the New York Stock Exchange.
As of October 16, 2026, KO traded at $93.90, a market capitalization of $395.8 billion.
At that price the stock trades at 28.1× trailing-twelve-month earnings and 8.0× sales; its P/E is higher than 60% of its own readings over the past ten years.
CocaCola Company (The) pays an annual dividend of $2.10 per share, a yield of 2.24%, with a payout ratio of 63.1%.
Return on equity was 43.2% and debt-to-equity 1.14.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.63 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 25 September 2026

CocaCola Company (The) reported higher revenue, earnings and free cash flow in Q2 FY2026 than in both the preceding quarter and the year-earlier quarter. Trailing-twelve-month revenue and net income through Q2 FY2026 were also above the prior trailing period, while net debt was lower on both comparison bases.

For FY2025, revenue, gross profit, operating income and net income were higher than in FY2024. Margins and returns on equity, assets and invested capital were higher in FY2025 than in FY2024, while annual operating cash flow and free cash flow remained below their FY2021 levels.

Read the full analysis →