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%
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

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 (above 6: high)
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

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.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

CocaCola Company (The) vs peers in Beverages Non Alcoholic (Q) = latest quarter vs a year earlier

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 →

KO metrics, ten years each

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

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.

CocaCola Company (The) (KO) Latest News

stockrow.com/KO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com