Coca-Cola Consolidated (COKE) Financials

$163.45 -1.53 (-0.93%)

As of 02:54 PM Eastern

Annual Income Statements for Coca-Cola Consolidated

This table shows Coca-Cola Consolidated's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/3/2016	1/1/2017	12/31/2017	12/30/2018	12/29/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	59	50	97	-20	11	172	190	430	408	633	571
Consolidated Net Income / (Loss)	65	57	103	-15	19	182	190	430	408	633	571
Net Income / (Loss) Continuing Operations	65	57	103	-15	19	182	190	430	408	633	571
Total Pre-Tax Income	99	93	63	-13	34	241	255	575	557	857	773
Total Operating Income	98	131	102	58	181	313	439	641	834	920	951
Total Gross Profit	901	1,189	1,505	1,556	1,671	1,769	1,954	2,278	2,599	2,753	2,872
Total Revenue	2,306	3,130	4,288	4,625	4,827	5,007	5,563	6,201	6,654	6,900	7,228
Operating Revenue	2,306	3,130	4,288	4,625	4,827	5,007	5,563	6,201	6,654	6,900	7,228
Total Cost of Revenue	1,405	1,941	2,783	3,070	3,156	3,238	3,609	3,923	4,055	4,147	4,356
Operating Cost of Revenue	1,405	1,941	2,783	3,070	3,156	3,238	3,609	3,923	4,055	4,147	4,356
Total Operating Expenses	803	1,058	1,403	1,498	1,490	1,456	1,515	1,637	1,764	1,833	1,922
Selling, General & Admin Expense	803	1,058	1,403	1,498	1,490	1,456	1,515	1,637	1,764	1,833	1,922
Other Operating Expenses / (Income)	-	-	-	-	-	-	0.00	0.00	-	0.00	0.00
Total Other Income / (Expense), net	0.98	-38	-39	-71	-147	-72	-184	-66	-277	-64	-178
Interest & Investment Income	-	-	-	-	-	-	-	-25	0.92	-1.85	-43
Other Income / (Expense), net	30	-2.16	3.33	-21	-101	-36	-151	-41	-278	-62	-135
Income Tax Expense	34	36	-40	1.87	16	59	66	145	149	224	202
Basic Earnings per Share	$6.35	$10.78	$20.70	($4.26)	$2.42	$36.80	$40.46	$91.81	$8.72	$13.96	$13.60
Weighted Average Basic Shares Outstanding	7.14M	9.31M	9.33M	9.35M	9.37M	9.37M	9.37M	9.37M	93.74M	90.40M	83.71M
Diluted Earnings per Share	$6.33	$10.71	$20.59	($4.26)	$2.40	$36.58	$40.33	$91.50	$8.69	$13.91	$13.57
Weighted Average Diluted Shares Outstanding	9.33M	11.56M	11.60M	11.56M	11.69M	11.71M	11.66M	10.69M	104.16M	100.70M	93.96M
Weighted Average Basic & Diluted Shares Outstanding	9.30M	9.30M	9.30M	9.40M	9.37M	9.37M	9.37M	9.37M	9.37M	8.72M	66.56M

This table shows Coca-Cola Consolidated's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	3/28/2025	6/27/2025	9/26/2025	12/31/2025	4/3/2026
Net Income / (Loss) Attributable to Common Shareholders	92	76	166	173	116	179	104	187	142	137	112
Consolidated Net Income / (Loss)	92	76	166	173	116	179	104	187	142	137	112
Net Income / (Loss) Continuing Operations	92	76	166	173	116	179	104	187	142	137	112
Total Pre-Tax Income	121	113	223	232	156	246	139	253	192	188	151
Total Operating Income	216	178	215	259	227	219	190	272	247	242	238
Total Gross Profit	662	641	641	717	698	698	627	742	749	754	727
Total Revenue	1,712	1,631	1,592	1,796	1,766	1,746	1,580	1,856	1,888	1,904	1,847
Operating Revenue	1,712	1,631	1,592	1,796	1,766	1,746	1,580	1,856	1,888	1,904	1,847
Total Cost of Revenue	1,051	989	951	1,079	1,068	1,049	953	1,113	1,140	1,150	1,120
Operating Cost of Revenue	1,051	989	951	1,079	1,068	1,049	953	1,113	1,140	1,150	1,120
Total Operating Expenses	445	463	425	458	471	479	437	470	502	512	490
Selling, General & Admin Expense	445	463	425	458	471	479	437	470	502	512	490
Total Other Income / (Expense), net	-95	-66	7.43	-27	-71	27	-50	-19	-54	-54	-86
Interest & Investment Income	1.52	-	2.72	1.62	-2.19	-	-6.87	-5.95	-4.69	-25	-32
Other Income / (Expense), net	-97	-70	4.71	-29	-69	31	-43	-13	-50	-29	-54
Income Tax Expense	29	37	57	59	40	67	36	66	50	51	40
Basic Earnings per Share	$19.64	$16.18	$35.36	$3.72	$2.64	$40.71	$2.38	$4.30	$3.28	$1.64	$3.36
Weighted Average Basic Shares Outstanding	9.37M	9.37M	9.37M	93.06M	87.61M	9.04M	87.18M	87.02M	86.60M	83.71M	66.56M
Diluted Earnings per Share	$19.59	$16.18	$35.12	$3.70	$2.64	$40.56	$2.38	$4.30	$3.28	$1.64	$3.34
Weighted Average Diluted Shares Outstanding	10.42M	10.42M	10.41M	103.40M	97.88M	10.07M	97.40M	97.35M	96.90M	93.96M	76.73M
Weighted Average Basic & Diluted Shares Outstanding	9.37M	9.37M	9.37M	8.76M	8.76M	8.72M	8.72M	86.89M	85.45M	66.56M	66.56M
Cash Dividends to Common per Share	$1.00	-	$33.00	$0.10	$0.10	-	$0.50	$0.50	$0.50	$0.26	$0.50

This table details how cash moves in and out of Coca-Cola Consolidated's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/3/2016	1/1/2017	12/31/2017	12/30/2018	12/29/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	46	-34	-4.95	-3.35	-3.93	45	88	55	438	501	-854
Net Cash From Operating Activities	108	162	308	169	290	494	522	555	811	876	932
Net Cash From Continuing Operating Activities	108	162	308	169	290	494	522	555	811	876	932
Net Income / (Loss) Continuing Operations	65	57	103	-15	19	182	190	430	408	633	571
Consolidated Net Income / (Loss)	65	57	103	-15	19	182	190	430	408	633	571
Depreciation Expense	78	112	150	165	157	156	157	148	153	170	195
Amortization Expense	4.81	6.87	20	24	24	24	25	25	24	26	27
Non-Cash Adjustments To Reconcile Net Income	-21	9.21	112	33	110	44	155	38	279	62	133
Changes in Operating Assets and Liabilities, net	-18	-22	-77	-38	-20	88	-5.08	-86	-55	-15	6.90
Net Cash From Investing Activities	-217	-452	-459	-144	-174	-200	-162	-325	-295	-682	-19
Net Cash From Continuing Investing Activities	-217	-452	-459	-144	-174	-200	-162	-325	-295	-682	-19
Purchase of Property, Plant & Equipment	-164	-173	-177	-138	-171	-202	-156	-299	-282	-371	-312
Purchase of Investments	0.00	-7.88	-3.62	-2.10	-1.71	-1.77	-2.53	-3.09	-14	-462	-410
Sale of Property, Plant & Equipment	1.89	1.07	0.61	5.26	4.06	3.39	5.27	7.37	0.70	0.57	6.59
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	0.00	0.00	150	696
Net Cash From Financing Activities	155	256	146	-28	-121	-249	-272	-174	-78	306	-1,767
Net Cash From Continuing Financing Activities	155	256	146	-28	-121	-249	-272	-174	-78	306	-1,767
Repayment of Debt	-515	-431	-401	-492	-691	-325	-344	-125	-0.34	-16	-1,153
Repurchase of Common Equity	-	-	-	-	-	-	-	0.00	0.00	-626	-2,606
Payment of Dividends	-9.29	-9.31	-9.33	-9.35	-9.37	-109	-9.37	-9.37	-47	-186	-87
Issuance of Debt	684	710	573	506	615	235	125	0.00	0.00	1,200	2,150
Other Financing Activities, net	-4.04	-14	-17	-33	-36	-49	-44	-40	-31	-67	-71

This table details how cash moves in and out of Coca-Cola Consolidated's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	3/28/2025	6/27/2025	9/26/2025	12/31/2025	4/3/2026
Net Change in Cash & Equivalents	186	19	-234	1,298	-463	-100	16	68	313	-1,251	-49
Net Cash From Operating Activities	261	166	194	243	271	168	198	208	317	209	205
Net Cash From Continuing Operating Activities	261	166	194	243	271	168	198	208	317	209	205
Net Income / (Loss) Continuing Operations	92	76	166	173	116	179	104	187	142	137	112
Consolidated Net Income / (Loss)	92	76	166	173	116	179	104	187	142	137	112
Depreciation Expense	38	40	41	42	43	45	48	49	49	49	51
Amortization Expense	6.11	6.11	6.11	6.30	6.67	6.68	6.70	6.69	6.68	6.72	7.10
Non-Cash Adjustments To Reconcile Net Income	98	70	-4.87	29	70	-33	44	9.17	51	29	55
Changes in Operating Assets and Liabilities, net	27	-26	-14	-7.46	35	-29	-3.75	-44	68	-13	-19
Net Cash From Investing Activities	-62	-134	-263	-99	-146	-174	-140	-68	146	43	-68
Net Cash From Continuing Investing Activities	-62	-134	-263	-99	-146	-174	-140	-68	146	43	-68
Purchase of Property, Plant & Equipment	-59	-130	-77	-82	-128	-84	-98	-60	-53	-102	-63
Purchase of Investments	-3.01	-4.70	-187	-32	-74	-169	-155	-126	-84	-45	-5.34
Sale of Property, Plant & Equipment	0.17	0.25	0.10	0.15	0.18	0.14	0.16	6.12	0.11	0.21	0.11
Sale and/or Maturity of Investments	-	-	1.12	16	56	78	113	112	282	190	0.00
Net Cash From Financing Activities	-13	-13	-165	1,154	-588	-94	-42	-72	-150	-1,502	-186
Net Cash From Continuing Financing Activities	-13	-13	-165	1,154	-588	-94	-42	-72	-150	-1,502	-186
Repayment of Debt	-0.09	-0.10	-0.05	-12	-3.15	-0.15	-0.23	-0.00	-0.03	-1,153	-150
Payment of Dividends	-4.69	-4.69	-155	-4.69	-4.38	-22	-22	-22	-22	-21	-17
Other Financing Activities, net	-8.19	-7.82	-10	-15	-21	-21	-20	-16	-17	-17	-19

This table presents Coca-Cola Consolidated's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/3/2016	1/1/2017	12/31/2017	12/30/2018	12/29/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,847	2,449	3,073	3,010	3,127	3,222	3,446	3,710	4,289	5,313	4,303
Total Current Assets	435	594	795	797	830	851	1,077	1,246	1,705	2,547	1,427
Cash & Equivalents	55	22	17	14	9.61	55	142	198	635	1,136	282
Accounts Receivable	239	365	501	503	525	490	547	606	659	684	700
Inventories, net	89	144	184	210	226	226	303	348	322	330	336
Prepaid Expenses	53	64	101	71	69	74	78	94	89	96	109
Plant, Property, & Equipment, net	566	847	1,061	991	997	1,023	1,031	1,184	1,321	1,505	1,605
Total Noncurrent Assets	846	1,009	1,217	1,222	1,299	1,348	1,338	1,280	1,263	1,261	1,272
Noncurrent Note & Lease Receivables	-	-	-	24	18	70	64	6.43	4.79	3.14	1.16
Goodwill	118	145	169	166	166	166	166	166	166	166	166
Intangible Assets	664	778	932	917	891	867	848	851	825	798	772
Other Noncurrent Operating Assets	64	86	116	115	225	246	260	256	268	293	333
Total Liabilities & Shareholders' Equity	1,847	2,449	3,073	3,010	3,127	3,222	3,446	3,710	4,289	5,313	4,303
Total Liabilities	1,524	2,086	2,614	2,555	2,676	2,709	2,734	2,594	2,853	3,896	5,043
Total Current Liabilities	327	458	639	602	622	647	835	905	1,091	1,313	1,129
Short-Term Debt	7.06	7.53	8.22	-	-	-	-	-	0.00	350	100
Accounts Payable	162	252	368	264	296	325	465	515	523	522	542
Accrued Expenses	104	134	186	250	209	205	227	201	238	247	307
Current Employee Benefit Liabilities	50	61	72	72	88	88	111	127	147	169	155
Other Current Liabilities	-	-	-	8.62	24	26	28	30	29	26	25
Total Noncurrent Liabilities	1,198	1,629	1,975	1,953	2,054	2,062	1,899	1,689	1,762	2,582	3,914
Long-Term Debt	620	907	1,088	1,104	1,030	940	723	599	599	1,437	2,686
Capital Lease Obligations	49	41	35	27	17	70	65	7.52	5.03	2.35	1.19
Noncurrent Deferred & Payable Income Tax Liabilities	147	175	112	127	125	139	136	150	128	133	144
Noncurrent Employee Benefit Liabilities	115	127	118	86	115	113	93	60	61	59	69
Other Noncurrent Operating Liabilities	267	379	621	609	766	799	881	872	969	952	1,014
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	322	363	459	455	451	513	712	1,115	1,436	1,418	-740
Total Preferred & Common Equity	243	277	367	358	347	513	712	1,115	1,436	1,418	-740
Total Common Equity	243	277	367	358	347	513	712	1,115	1,436	1,418	-740
Common Stock	126	130	133	137	142	149	149	149	149	148	90
Retained Earnings	261	302	389	359	381	544	724	1,112	1,352	1,395	-824
Accumulated Other Comprehensive Income / (Loss)	-82	-93	-94	-77	-115	-119	-100	-85	-4.28	1.89	-6.01

This table presents Coca-Cola Consolidated's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	3/31/2023	6/30/2023	9/29/2023	3/29/2024	6/28/2024	9/27/2024	3/28/2025	6/27/2025	9/26/2025	4/3/2026
Total Assets	3,800	3,995	4,141	4,297	5,656	5,273	5,404	5,541	5,669	4,393
Total Current Assets	1,354	1,548	1,676	1,715	3,036	2,571	2,613	2,731	2,848	1,500
Cash & Equivalents	290	430	616	401	1,699	1,236	1,152	1,220	1,532	233
Accounts Receivable	638	699	649	679	717	692	685	719	711	757
Inventories, net	337	334	320	361	338	335	340	349	355	389
Prepaid Expenses	88	85	91	90	83	93	96	93	101	122
Plant, Property, & Equipment, net	1,170	1,176	1,205	1,322	1,366	1,455	1,538	1,552	1,544	1,626
Total Noncurrent Assets	1,276	1,270	1,260	1,261	1,254	1,247	1,253	1,258	1,277	1,266
Noncurrent Note & Lease Receivables	6.02	5.61	5.20	4.37	3.96	3.55	2.73	1.99	1.26	1.06
Goodwill	166	166	166	166	166	166	166	166	166	166
Intangible Assets	845	838	831	818	811	805	792	785	778	765
Other Noncurrent Operating Assets	260	261	258	272	272	273	293	305	332	334
Total Liabilities & Shareholders' Equity	3,800	3,995	4,141	4,297	5,656	5,273	5,404	5,541	5,669	4,393
Total Liabilities	2,565	2,615	2,617	2,696	4,461	3,988	3,904	3,911	4,033	5,036
Total Current Liabilities	813	892	908	918	1,540	1,041	1,290	1,339	1,394	1,215
Short-Term Debt	-	-	-	-	-	-	350	350	350	100
Accounts Payable	500	557	529	553	617	576	563	619	590	700
Accrued Expenses	202	226	219	254	255	277	267	262	293	319
Current Employee Benefit Liabilities	76	78	126	82	87	141	84	83	136	71
Other Current Liabilities	30	29	29	28	580	25	26	26	25	25
Total Noncurrent Liabilities	1,753	1,723	1,709	1,778	2,921	2,947	2,614	2,572	2,639	3,821
Long-Term Debt	599	599	599	599	1,785	1,786	1,437	1,438	1,438	2,537
Capital Lease Obligations	6.92	6.30	5.67	4.38	3.71	3.04	1.72	1.47	1.33	1.12
Noncurrent Deferred & Payable Income Tax Liabilities	191	152	144	185	131	111	168	117	133	183
Noncurrent Employee Benefit Liabilities	63	56	53	61	62	62	59	59	59	70
Other Noncurrent Operating Liabilities	893	910	907	929	940	986	948	957	1,006	1,030
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,234	1,380	1,524	1,601	1,195	1,285	1,499	1,630	1,636	-643
Total Preferred & Common Equity	1,234	1,380	1,524	1,601	1,195	1,285	1,499	1,630	1,636	-643
Total Common Equity	1,234	1,380	1,524	1,601	1,195	1,285	1,499	1,630	1,636	-643
Common Stock	149	149	149	149	149	148	148	148	110	90
Retained Earnings	1,231	1,348	1,436	1,518	1,686	1,216	1,477	1,643	1,524	-729
Accumulated Other Comprehensive Income / (Loss)	-84	-56	0.94	-4.43	-4.40	-3.95	1.87	1.84	1.90	-4.67

This table displays calculated financial ratios and metrics derived from Coca-Cola Consolidated's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/3/2016	1/1/2017	12/31/2017	12/30/2018	12/29/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	32.07%	35.71%	36.98%	7.88%	4.35%	3.75%	11.09%	11.47%	7.30%	3.70%	4.76%
EBITDA Growth	42.57%	17.34%	11.02%	-17.78%	15.71%	75.12%	2.75%	64.21%	-4.91%	43.58%	-1.62%
EBIT Growth	50.83%	0.78%	-18.72%	-64.51%	115.52%	246.29%	3.90%	107.86%	-7.22%	54.25%	-5.00%
NOPAT Growth	15.48%	24.51%	106.72%	-75.55%	141.84%	141.52%	37.83%	46.94%	27.48%	11.28%	3.17%
Net Income Growth	80.27%	-12.89%	81.51%	-114.74%	222.46%	881.13%	4.11%	126.90%	-5.06%	55.04%	-9.88%
EPS Growth	87.83%	69.19%	92.25%	-120.69%	156.34%	1,424.17%	10.25%	126.88%	-5.05%	60.12%	-2.44%
Operating Cash Flow Growth	17.83%	49.59%	90.02%	-45.14%	71.94%	70.29%	5.52%	6.28%	46.20%	8.10%	6.34%
Free Cash Flow Firm Growth	-889.94%	-112.63%	56.11%	140.12%	281.16%	44.46%	65.43%	-36.49%	119.25%	-22.80%	50.07%
Invested Capital Growth	25.50%	37.22%	21.94%	-0.47%	-5.38%	-1.85%	-7.57%	14.89%	0.15%	13.47%	-0.21%
Revenue Q/Q Growth	8.42%	6.66%	6.85%	1.02%	0.89%	2.03%	2.27%	2.83%	0.88%	1.70%	2.23%
EBITDA Q/Q Growth	4.62%	20.90%	2.52%	-20.01%	7.31%	25.18%	-12.36%	19.58%	-6.14%	16.16%	-2.98%
EBIT Q/Q Growth	2.91%	33.27%	-7.50%	-59.56%	35.85%	48.78%	-18.89%	27.32%	-8.32%	19.68%	-4.30%
NOPAT Q/Q Growth	0.84%	1.53%	118.17%	-57.99%	538.30%	29.35%	-1.59%	15.36%	-1.81%	5.46%	2.68%
Net Income Q/Q Growth	2.63%	43.61%	129.09%	-116.58%	1,705.45%	73.42%	-20.78%	30.03%	-9.45%	19.45%	-6.81%
EPS Q/Q Growth	-46.40%	612.44%	99.71%	-124.83%	122.22%	80.02%	-19.82%	29.88%	-9.38%	21.25%	91.94%
Operating Cash Flow Q/Q Growth	-5.36%	-1.18%	30.27%	28.50%	-16.42%	6.98%	-6.48%	16.45%	0.74%	0.27%	4.55%
Free Cash Flow Firm Q/Q Growth	-211.49%	-25.93%	38.08%	130.94%	-1.43%	-7.00%	7.20%	-84.29%	167.95%	-9.44%	20.81%
Invested Capital Q/Q Growth	7.29%	10.33%	9.52%	-7.13%	-2.35%	2.64%	0.23%	0.00%	2.66%	7.58%	1.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.07%	38.00%	35.10%	33.63%	34.61%	35.33%	35.13%	36.74%	39.06%	39.90%	39.74%
EBITDA Margin	9.15%	7.91%	6.41%	4.89%	5.42%	9.14%	8.46%	12.46%	11.04%	15.28%	14.35%
Operating Margin	4.26%	4.19%	2.37%	1.25%	3.75%	6.26%	7.89%	10.34%	12.54%	13.34%	13.15%
EBIT Margin	5.55%	4.12%	2.45%	0.80%	1.66%	5.55%	5.19%	9.67%	8.36%	12.44%	11.28%
Profit (Net Income) Margin	2.82%	1.81%	2.40%	-0.33%	0.38%	3.64%	3.41%	6.94%	6.14%	9.18%	7.89%
Tax Burden Percent	65.62%	61.12%	163.23%	114.07%	54.23%	75.55%	74.30%	74.80%	73.25%	73.91%	73.82%
Interest Burden Percent	77.42%	71.85%	60.08%	-35.70%	42.67%	86.78%	88.41%	95.87%	100.16%	99.78%	94.77%
Effective Tax Rate	34.38%	38.88%	-63.23%	0.00%	45.77%	24.45%	25.70%	25.20%	26.75%	26.09%	26.18%
Return on Invested Capital (ROIC)	7.56%	7.13%	11.48%	2.56%	6.38%	16.00%	23.13%	32.93%	39.23%	40.87%	39.71%
ROIC Less NNEP Spread (ROIC-NNEP)	7.68%	4.12%	5.39%	-2.39%	-0.96%	10.52%	6.00%	23.84%	-32.58%	21.06%	30.52%
Return on Net Nonoperating Assets (RNNOA)	14.89%	9.40%	13.54%	-5.88%	-2.28%	21.78%	7.83%	14.15%	-7.22%	3.51%	128.63%
Return on Equity (ROE)	22.45%	16.53%	25.03%	-3.32%	4.10%	37.78%	30.96%	47.08%	32.02%	44.38%	168.34%
Cash Return on Invested Capital (CROIC)	-15.06%	-24.25%	-8.29%	3.03%	11.91%	17.86%	31.00%	19.08%	39.09%	28.25%	39.92%
Operating Return on Assets (OROA)	7.81%	6.01%	3.80%	1.22%	2.61%	8.75%	8.66%	16.77%	13.92%	17.88%	16.96%
Return on Assets (ROA)	3.97%	2.64%	3.72%	-0.50%	0.60%	5.74%	5.69%	12.02%	10.21%	13.19%	11.87%
Return on Common Equity (ROCE)	16.54%	12.55%	19.60%	-2.63%	3.19%	33.69%	30.96%	47.08%	32.02%	44.38%	168.34%
Return on Equity Simple (ROE_SIMPLE)	26.76%	20.45%	28.05%	-4.23%	5.35%	35.50%	26.63%	38.57%	28.45%	44.66%	0.00%
Net Operating Profit after Tax (NOPAT)	64	80	166	41	98	237	326	479	611	680	702
NOPAT Margin	2.79%	2.56%	3.87%	0.88%	2.03%	4.73%	5.87%	7.73%	9.19%	9.86%	9.71%
Net Nonoperating Expense Percent (NNEP)	-0.11%	3.01%	6.09%	4.95%	7.34%	5.48%	17.13%	9.10%	71.81%	19.81%	9.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	27.85%	29.97%	21.21%	34.28%
Cost of Revenue to Revenue	60.93%	62.00%	64.90%	66.37%	65.39%	64.67%	64.87%	63.26%	60.94%	60.10%	60.26%
SG&A Expenses to Revenue	34.81%	33.81%	32.73%	32.38%	30.87%	29.07%	27.24%	26.40%	26.51%	26.56%	26.59%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.81%	33.81%	32.73%	32.38%	30.87%	29.07%	27.24%	26.40%	26.51%	26.56%	26.59%
Earnings before Interest and Taxes (EBIT)	128	129	105	37	80	278	289	600	557	859	816
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	211	248	275	226	261	458	470	772	735	1,055	1,037
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.57	5.70	5.22	4.49	7.63	4.70	7.90	4.16	5.92	7.77	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	47.26	19.09	24.29	0.00
Price to Revenue (P/Rev)	0.69	0.50	0.45	0.35	0.55	0.48	1.01	0.75	1.28	1.60	1.81
Price to Earnings (P/E)	27.08	31.49	19.83	0.00	232.81	13.98	29.67	10.80	20.81	17.40	22.92
Dividend Yield	0.58%	0.59%	0.49%	0.58%	0.35%	0.39%	0.17%	0.20%	0.22%	0.32%	0.65%
Earnings Yield	3.69%	3.18%	5.04%	0.00%	0.43%	7.15%	3.37%	9.26%	4.81%	5.75%	4.36%
Enterprise Value to Invested Capital (EV/IC)	2.42	2.00	1.97	1.79	2.54	2.30	4.63	3.25	5.43	6.43	8.83
Enterprise Value to Revenue (EV/Rev)	1.00	0.83	0.73	0.61	0.79	0.67	1.13	0.82	1.27	1.65	2.16
Enterprise Value to EBITDA (EV/EBITDA)	10.89	10.50	11.36	12.50	14.50	7.35	13.33	6.54	11.52	10.78	15.02
Enterprise Value to EBIT (EV/EBIT)	17.94	20.14	29.76	75.89	47.25	12.12	21.73	8.42	15.21	13.24	19.11
Enterprise Value to NOPAT (EV/NOPAT)	35.67	32.42	18.83	69.68	38.67	14.22	19.22	10.54	13.85	16.71	22.20
Enterprise Value to Operating Cash Flow (EV/OCF)	21.21	16.05	10.14	16.72	13.05	6.81	12.02	9.11	10.44	12.97	16.72
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	58.83	20.71	12.74	14.34	18.19	13.90	24.18	22.09
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.09	2.63	2.47	2.48	2.32	1.97	1.11	0.54	0.42	1.26	-3.77
Long-Term Debt to Equity	2.07	2.61	2.45	2.48	2.32	1.97	1.11	0.54	0.42	1.02	-3.63
Financial Leverage	1.94	2.28	2.51	2.46	2.39	2.07	1.30	0.59	0.22	0.17	4.21
Leverage Ratio	5.66	6.27	6.72	6.65	6.77	6.59	5.44	3.92	3.14	3.37	14.19
Compound Leverage Factor	4.38	4.50	4.04	-2.38	2.89	5.71	4.81	3.75	3.14	3.36	13.44
Debt to Total Capital	67.69%	72.48%	71.15%	71.30%	69.89%	66.33%	52.56%	35.22%	29.62%	55.79%	136.13%
Short-Term Debt to Total Capital	0.71%	0.57%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.91%	4.88%
Long-Term Debt to Total Capital	66.98%	71.91%	70.63%	71.30%	69.89%	66.33%	52.56%	35.22%	29.62%	44.88%	131.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	7.95%	6.51%	5.80%	6.11%	6.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	24.36%	21.01%	23.06%	22.58%	23.15%	33.67%	47.45%	64.78%	70.38%	44.21%	-36.13%
Debt to EBITDA	3.20	3.86	4.12	5.01	4.01	2.21	1.68	0.78	0.82	1.70	2.69
Net Debt to EBITDA	2.94	3.77	4.06	4.95	3.97	2.09	1.37	0.53	-0.04	0.33	2.41
Long-Term Debt to EBITDA	3.17	3.83	4.09	5.01	4.01	2.21	1.68	0.78	0.82	1.36	2.59
Debt to NOPAT	10.49	11.92	6.83	27.91	10.68	4.27	2.42	1.26	0.99	2.63	3.97
Net Debt to NOPAT	9.63	11.65	6.72	27.57	10.59	4.04	1.98	0.85	-0.05	0.52	3.57
Long-Term Debt to NOPAT	10.38	11.83	6.78	27.91	10.68	4.27	2.42	1.26	0.99	2.12	3.83
Altman Z-Score	2.37	2.14	2.18	2.20	2.47	2.68	3.50	3.81	4.38	4.18	3.68
Noncontrolling Interest Sharing Ratio	26.36%	24.11%	21.67%	20.70%	22.19%	10.80%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.33	1.30	1.24	1.33	1.33	1.32	1.29	1.38	1.56	1.94	1.26
Quick Ratio	0.90	0.84	0.81	0.86	0.86	0.84	0.83	0.89	1.19	1.61	0.87
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-128	-273	-120	48	183	264	437	278	609	470	706
Operating Cash Flow to CapEx	66.85%	94.45%	174.90%	127.00%	173.55%	248.91%	346.87%	190.39%	287.88%	236.57%	304.82%
Free Cash Flow to Firm to Interest Expense	-4.43	-7.51	-2.86	0.95	3.98	7.20	13.07	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	3.75	4.46	7.35	3.34	6.31	13.46	15.60	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-1.86	-0.26	3.15	0.71	2.68	8.05	11.10	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.41	1.46	1.55	1.52	1.57	1.58	1.67	1.73	1.66	1.44	1.50
Accounts Receivable Turnover	11.48	10.38	9.91	9.21	9.39	9.86	10.73	10.76	10.51	10.28	10.45
Inventory Turnover	17.55	16.66	17.01	15.60	14.48	14.34	13.65	12.06	12.11	12.71	13.06
Fixed Asset Turnover	4.77	4.43	4.49	4.51	4.86	4.96	5.42	5.60	5.31	4.88	4.65
Accounts Payable Turnover	10.34	9.38	8.98	9.71	11.26	10.43	9.14	8.01	7.82	7.93	8.19
Days Sales Outstanding (DSO)	31.79	35.18	36.84	39.62	38.89	37.01	34.01	33.93	34.71	35.52	34.92
Days Inventory Outstanding (DIO)	20.80	21.91	21.46	23.40	25.21	25.45	26.73	30.26	30.13	28.71	27.94
Days Payable Outstanding (DPO)	35.30	38.93	40.67	37.61	32.42	34.99	39.94	45.57	46.70	46.00	44.57
Cash Conversion Cycle (CCC)	17.29	18.16	17.63	25.42	31.68	27.47	20.80	18.62	18.15	18.23	18.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	948	1,301	1,586	1,579	1,494	1,466	1,355	1,557	1,559	1,769	1,766
Invested Capital Turnover	2.71	2.78	2.97	2.92	3.14	3.38	3.94	4.26	4.27	4.15	4.09
Increase / (Decrease) in Invested Capital	193	353	285	-7.48	-85	-28	-111	202	2.30	210	-3.72
Enterprise Value (EV)	2,297	2,599	3,121	2,824	3,790	3,367	6,270	5,054	8,465	11,369	15,583
Market Capitalization	1,598	1,579	1,914	1,610	2,648	2,411	5,624	4,645	8,496	11,017	13,078
Book Value per Share	$26.16	$29.76	$39.29	$38.29	$37.01	$54.73	$75.93	$118.99	$153.15	$161.82	($8.66)
Tangible Book Value per Share	($57.99)	($69.35)	($78.67)	($77.46)	($75.71)	($55.42)	($32.20)	$10.48	$47.48	$51.77	($19.63)
Total Capital	998	1,319	1,590	1,586	1,498	1,523	1,500	1,722	2,040	3,206	2,047
Total Debt	675	956	1,131	1,131	1,047	1,010	788	606	604	1,789	2,787
Total Long-Term Debt	668	948	1,123	1,131	1,047	1,010	788	606	604	1,439	2,687
Net Debt	620	934	1,115	1,117	1,038	956	646	409	-31	352	2,505
Capital Expenditures (CapEx)	162	172	176	133	167	199	150	291	282	370	306
Debt-free, Cash-free Net Working Capital (DFCFNWC)	60	122	146	182	198	149	99	143	-21	147	116
Debt-free Net Working Capital (DFNWC)	115	143	163	196	208	204	242	341	614	1,584	398
Net Working Capital (NWC)	108	136	155	196	208	204	242	341	614	1,234	298
Net Nonoperating Expense (NNE)	-0.64	24	63	56	79	55	137	49	203	47	131
Net Nonoperating Obligations (NNO)	626	938	1,127	1,124	1,043	953	643	441	124	352	2,505
Total Depreciation and Amortization (D&A)	83	118	170	189	181	180	182	173	178	196	222
Debt-free, Cash-free Net Working Capital to Revenue	2.60%	3.88%	3.41%	3.94%	4.11%	2.98%	1.79%	2.31%	-0.32%	2.13%	1.61%
Debt-free Net Working Capital to Revenue	5.00%	4.58%	3.81%	4.23%	4.31%	4.08%	4.35%	5.49%	9.22%	22.96%	5.51%
Net Working Capital to Revenue	4.70%	4.34%	3.62%	4.23%	4.31%	4.08%	4.35%	5.49%	9.22%	17.89%	4.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.35	$5.39	$20.70	($2.13)	$1.21	$36.80	$40.46	$91.81	$87.12	$139.60	$13.60
Adjusted Weighted Average Basic Shares Outstanding	7.14M	7.14M	9.33M	7.14M	7.14M	9.37M	9.37M	9.37M	9.37M	9.04M	83.71M
Adjusted Diluted Earnings per Share	$6.33	$5.36	$20.59	($2.13)	$1.21	$36.58	$40.33	$91.50	$86.88	$139.11	$13.57
Adjusted Weighted Average Diluted Shares Outstanding	9.33M	9.35M	11.60M	9.35M	9.42M	11.71M	11.66M	10.69M	10.42M	10.07M	93.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.29M	9.31M	9.33M	9.35M	9.37M	9.37M	9.37M	9.37M	9.37M	8.72M	66.56M
Normalized Net Operating Profit after Tax (NOPAT)	64	80	71	41	98	237	326	479	611	680	702
Normalized NOPAT Margin	2.79%	2.56%	1.66%	0.88%	2.03%	4.73%	5.87%	7.73%	9.19%	9.86%	9.71%
Pre Tax Income Margin	4.30%	2.96%	1.47%	-0.29%	0.71%	4.81%	4.59%	9.27%	8.38%	12.42%	10.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.43	3.55	2.50	0.74	1.74	7.56	8.63	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	2.23	2.21	3.96	0.80	2.13	6.44	9.76	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-1.17	-1.17	-1.70	-1.90	-1.89	2.15	4.13	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-3.38	-2.51	-0.24	-1.83	-1.51	1.04	5.26	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	14.28%	16.43%	9.07%	-61.71%	50.48%	60.06%	4.94%	2.18%	11.48%	29.32%	15.19%
Augmented Payout Ratio	14.28%	16.43%	9.07%	-61.71%	50.48%	60.06%	4.94%	2.18%	11.48%	128.14%	471.92%

This table displays calculated financial ratios and metrics derived from Coca-Cola Consolidated's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	3/28/2025	6/27/2025	9/26/2025	12/31/2025	4/3/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	66,564,294.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	66,564,294.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.68
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.15%	3.70%	1.27%	3.28%	3.11%	7.08%	-0.73%	3.32%	6.95%	9.03%	16.88%
EBITDA Growth	-21.23%	-23.68%	29.74%	32.70%	26.55%	94.77%	-24.92%	12.86%	21.95%	-10.58%	20.38%
EBIT Growth	-27.68%	-31.68%	35.77%	38.83%	32.04%	129.68%	-33.51%	12.29%	24.83%	-14.65%	25.24%
NOPAT Growth	16.11%	-8.67%	4.79%	11.16%	2.52%	32.30%	-11.99%	4.50%	8.21%	10.96%	24.26%
Net Income Growth	-22.46%	-35.97%	40.31%	41.28%	25.55%	135.97%	-37.49%	8.43%	23.10%	-23.30%	7.67%
EPS Growth	-22.42%	-35.72%	40.03%	42.41%	34.56%	150.68%	-32.43%	16.22%	24.24%	-17.17%	40.34%
Operating Cash Flow Growth	73.25%	3.71%	5.19%	22.26%	3.66%	1.40%	2.01%	-14.33%	16.96%	24.06%	3.58%
Free Cash Flow Firm Growth	-190.65%	268.34%	923.21%	966.40%	103.16%	-143.22%	-136.59%	-184.57%	94.09%	453.60%	694.55%
Invested Capital Growth	0.00%	0.15%	4.10%	-30.27%	8.29%	13.47%	10.88%	70.29%	6.05%	-0.21%	-1.91%
Revenue Q/Q Growth	-1.52%	-4.76%	-2.41%	12.84%	-1.69%	-1.09%	-9.53%	17.44%	1.77%	0.84%	-3.02%
EBITDA Q/Q Growth	-22.00%	-5.52%	72.58%	4.34%	-25.61%	45.40%	-33.47%	56.83%	-19.62%	6.62%	-10.44%
EBIT Q/Q Growth	-28.08%	-8.88%	102.21%	4.76%	-31.59%	58.50%	-41.47%	76.94%	-23.95%	8.37%	-14.11%
NOPAT Q/Q Growth	-5.11%	-26.95%	33.23%	20.36%	-12.49%	-5.72%	-11.37%	42.92%	-9.38%	-3.32%	-0.75%
Net Income Q/Q Growth	-24.71%	-17.65%	118.55%	4.27%	-33.09%	54.77%	-42.10%	80.86%	-24.04%	-3.57%	-18.72%
EPS Q/Q Growth	-24.74%	-17.41%	117.06%	5.55%	-28.89%	53.87%	-41.49%	-81.88%	-23.72%	-50.00%	103.66%
Operating Cash Flow Q/Q Growth	31.50%	-36.40%	16.93%	25.01%	11.49%	-37.78%	17.63%	4.99%	52.22%	-34.01%	-1.78%
Free Cash Flow Firm Q/Q Growth	-2,273.99%	108.71%	-18.32%	589.44%	-93.55%	-218.97%	30.85%	-1,493.46%	114.81%	116.74%	16.28%
Invested Capital Q/Q Growth	-2.48%	2.66%	3.90%	-32.96%	51.45%	7.58%	1.52%	2.95%	-5.69%	1.23%	-0.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.63%	39.33%	40.25%	39.91%	39.53%	39.96%	39.69%	40.02%	39.64%	39.61%	39.37%
EBITDA Margin	9.57%	9.49%	16.78%	15.52%	11.74%	17.26%	12.69%	16.95%	13.39%	14.16%	13.07%
Operating Margin	12.63%	10.94%	13.53%	14.43%	12.86%	12.53%	12.01%	14.66%	13.06%	12.71%	12.86%
EBIT Margin	6.98%	6.67%	13.83%	12.84%	8.93%	14.32%	9.26%	13.96%	10.43%	11.21%	9.93%
Profit (Net Income) Margin	5.38%	4.65%	10.41%	9.62%	6.55%	10.25%	6.56%	10.10%	7.54%	7.21%	6.04%
Tax Burden Percent	76.12%	67.38%	74.38%	74.42%	74.33%	72.73%	74.29%	74.07%	74.04%	72.92%	73.77%
Interest Burden Percent	101.27%	103.38%	101.23%	100.70%	98.61%	98.40%	95.30%	97.70%	97.62%	88.21%	82.51%
Effective Tax Rate	23.88%	32.62%	25.62%	25.58%	25.67%	27.27%	25.71%	25.93%	25.96%	27.08%	26.23%
Return on Invested Capital (ROIC)	83.50%	31.49%	42.30%	54.68%	41.00%	37.77%	35.99%	51.42%	40.35%	37.92%	39.97%
ROIC Less NNEP Spread (ROIC-NNEP)	2,681.99%	15.77%	45.55%	-3.89%	10.98%	46.12%	12.29%	25.65%	23.13%	35.17%	35.26%
Return on Net Nonoperating Assets (RNNOA)	-9.82%	3.49%	5.47%	-0.10%	1.38%	7.68%	1.25%	1.00%	3.71%	148.20%	111.32%
Return on Equity (ROE)	73.68%	34.98%	47.78%	54.58%	42.38%	45.45%	37.24%	52.41%	44.06%	186.12%	151.29%
Cash Return on Invested Capital (CROIC)	-118.02%	39.09%	34.99%	84.04%	32.82%	28.25%	28.36%	-6.40%	34.47%	39.92%	43.31%
Operating Return on Assets (OROA)	11.11%	11.11%	22.80%	17.91%	12.88%	20.57%	13.15%	17.32%	13.48%	16.85%	15.19%
Return on Assets (ROA)	8.57%	7.74%	17.17%	13.42%	9.44%	14.73%	9.31%	12.53%	9.74%	10.84%	9.24%
Return on Common Equity (ROCE)	73.68%	34.98%	47.78%	54.58%	42.38%	45.45%	37.24%	52.41%	44.06%	186.12%	151.29%
Return on Equity Simple (ROE_SIMPLE)	29.59%	0.00%	28.48%	42.38%	41.25%	0.00%	38.08%	35.92%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	165	120	160	193	169	159	141	202	183	177	175
NOPAT Margin	9.61%	7.37%	10.07%	10.74%	9.56%	9.11%	8.93%	10.86%	9.67%	9.27%	9.49%
Net Nonoperating Expense Percent (NNEP)	-2,598.50%	15.72%	-3.24%	58.57%	30.01%	-8.35%	23.70%	25.76%	17.22%	2.75%	4.71%
Return On Investment Capital (ROIC_SIMPLE)	-	5.90%	-	-	-	4.96%	4.29%	5.89%	5.33%	8.62%	8.78%
Cost of Revenue to Revenue	61.37%	60.67%	59.75%	60.09%	60.47%	60.04%	60.31%	59.98%	60.36%	60.39%	60.63%
SG&A Expenses to Revenue	26.00%	28.39%	26.71%	25.48%	26.67%	27.43%	27.68%	25.35%	26.58%	26.89%	26.51%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.00%	28.39%	26.71%	25.48%	26.67%	27.43%	27.68%	25.35%	26.58%	26.89%	26.51%
Earnings before Interest and Taxes (EBIT)	119	109	220	231	158	250	146	259	197	213	183
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	164	155	267	279	207	301	201	315	253	270	241
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.82	5.92	4.95	8.51	8.82	7.77	7.72	5.96	6.12	0.00	0.00
Price to Tangible Book Value (P/TBV)	11.06	19.09	12.84	46.65	36.05	24.29	21.36	14.30	14.46	0.00	0.00
Price to Revenue (P/Rev)	0.88	1.28	1.19	1.51	1.67	1.60	1.68	1.40	1.42	1.81	1.73
Price to Earnings (P/E)	12.93	20.81	17.38	20.07	21.38	17.40	20.27	16.59	16.34	22.92	22.37
Dividend Yield	0.28%	0.22%	0.24%	0.18%	0.15%	0.32%	0.45%	0.00%	0.87%	0.65%	0.51%
Earnings Yield	7.74%	4.81%	5.75%	4.98%	4.68%	5.75%	4.93%	6.03%	6.12%	4.36%	4.47%
Enterprise Value to Invested Capital (EV/IC)	3.83	5.43	4.90	9.26	7.10	6.43	6.61	5.37	5.80	8.83	8.71
Enterprise Value to Revenue (EV/Rev)	0.88	1.27	1.19	1.49	1.72	1.65	1.72	1.43	1.43	2.16	2.05
Enterprise Value to EBITDA (EV/EBITDA)	7.44	11.52	9.98	11.63	12.85	10.78	12.02	9.70	9.46	15.02	14.23
Enterprise Value to EBIT (EV/EBIT)	9.59	15.21	12.93	14.81	16.27	13.24	15.13	12.22	11.87	19.11	18.00
Enterprise Value to NOPAT (EV/NOPAT)	9.35	13.85	12.82	15.73	18.09	16.71	17.97	14.84	14.80	22.20	20.85
Enterprise Value to Operating Cash Flow (EV/OCF)	7.23	10.44	9.69	11.63	13.35	12.97	13.49	11.75	11.35	16.72	16.34
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	13.90	14.30	9.05	22.48	24.18	24.51	0.00	17.32	22.09	19.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.42	0.38	1.50	1.39	1.26	1.19	1.10	1.09	-3.77	-4.10
Long-Term Debt to Equity	0.40	0.42	0.38	1.50	1.39	1.02	0.96	0.88	0.88	-3.63	-3.94
Financial Leverage	0.00	0.22	0.12	0.03	0.13	0.17	0.10	0.04	0.16	4.21	3.16
Leverage Ratio	2.72	3.14	2.86	3.75	3.35	3.37	3.13	3.96	3.75	14.19	11.45
Compound Leverage Factor	2.75	3.24	2.89	3.77	3.30	3.31	2.98	3.87	3.66	12.51	9.44
Debt to Total Capital	28.41%	29.62%	27.38%	59.95%	58.20%	55.79%	54.40%	52.32%	52.24%	136.13%	132.26%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	10.91%	10.64%	10.23%	10.22%	4.88%	5.01%
Long-Term Debt to Total Capital	28.41%	29.62%	27.38%	59.95%	58.20%	44.88%	43.76%	42.09%	42.03%	131.24%	127.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.59%	70.38%	72.62%	40.05%	41.80%	44.21%	45.60%	47.68%	47.76%	-36.13%	-32.26%
Debt to EBITDA	0.77	0.82	0.76	2.07	1.97	1.70	1.81	1.75	1.67	2.69	2.45
Net Debt to EBITDA	-0.01	-0.04	0.02	-0.13	0.37	0.33	0.30	0.21	0.10	2.41	2.23
Long-Term Debt to EBITDA	0.77	0.82	0.76	2.07	1.97	1.36	1.46	1.41	1.35	2.59	2.35
Debt to NOPAT	0.97	0.99	0.97	2.80	2.77	2.63	2.71	2.67	2.62	3.97	3.58
Net Debt to NOPAT	-0.02	-0.05	0.03	-0.17	0.52	0.52	0.45	0.33	0.16	3.57	3.27
Long-Term Debt to NOPAT	0.97	0.99	0.97	2.80	2.77	2.12	2.18	2.15	2.11	3.83	3.45
Altman Z-Score	3.73	4.03	4.20	3.43	3.76	3.80	3.82	3.61	3.54	3.21	3.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.85	1.56	1.87	1.97	2.47	1.94	2.03	2.04	2.04	1.26	1.23
Quick Ratio	1.39	1.19	1.38	1.70	2.06	1.61	1.69	1.71	1.72	0.87	0.81
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,354	118	96	664	43	-51	-35	-562	83	180	210
Operating Cash Flow to CapEx	441.29%	128.01%	252.50%	295.41%	211.93%	201.66%	202.82%	389.63%	603.19%	204.67%	325.84%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.59	1.66	1.65	1.39	1.44	1.44	1.42	1.24	1.29	1.50	1.53
Accounts Receivable Turnover	10.17	10.51	10.13	9.51	10.12	10.28	10.10	9.68	10.08	10.45	10.39
Inventory Turnover	12.61	12.11	11.62	12.11	12.48	12.71	11.83	12.17	12.34	13.06	12.41
Fixed Asset Turnover	5.47	5.31	5.36	5.30	5.10	4.88	4.82	4.76	4.72	4.65	4.74
Accounts Payable Turnover	7.64	7.82	7.71	6.93	7.40	7.93	7.43	6.77	7.30	8.19	7.16
Days Sales Outstanding (DSO)	35.89	34.71	36.03	38.40	36.06	35.52	36.15	37.72	36.21	34.92	35.11
Days Inventory Outstanding (DIO)	28.95	30.13	31.40	30.13	29.25	28.71	30.85	30.00	29.58	27.94	29.42
Days Payable Outstanding (DPO)	47.80	46.70	47.36	52.63	49.35	46.00	49.13	53.93	50.03	44.57	50.99
Cash Conversion Cycle (CCC)	17.04	18.15	20.07	15.90	15.96	18.23	17.87	13.79	15.76	18.29	13.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,519	1,559	1,620	1,086	1,645	1,769	1,796	1,849	1,744	1,766	1,762
Invested Capital Turnover	8.69	4.27	4.20	5.09	4.29	4.15	4.03	4.73	4.17	4.09	4.21
Increase / (Decrease) in Invested Capital	1,519	2.30	64	-471	126	210	176	763	99	-3.72	-34
Enterprise Value (EV)	5,818	8,465	7,944	10,057	11,669	11,369	11,872	9,935	10,114	15,583	15,348
Market Capitalization	5,830	8,496	7,926	10,166	11,331	11,017	11,576	9,716	10,006	13,078	12,943
Book Value per Share	$162.62	$153.15	$170.81	$127.51	$146.68	$161.82	$171.99	$187.00	$18.83	($8.66)	($9.67)
Tangible Book Value per Share	$56.24	$47.48	$65.85	$23.25	$35.88	$51.77	$62.17	$77.94	$7.96	($19.63)	($23.65)
Total Capital	2,129	2,040	2,205	2,984	3,074	3,206	3,288	3,419	3,426	2,047	1,995
Total Debt	605	604	604	1,789	1,789	1,789	1,789	1,789	1,790	2,787	2,638
Total Long-Term Debt	605	604	604	1,789	1,789	1,439	1,439	1,439	1,440	2,687	2,538
Net Debt	-11	-31	19	-109	338	352	297	219	108	2,505	2,405
Capital Expenditures (CapEx)	59	130	77	82	128	84	98	53	53	102	63
Debt-free, Cash-free Net Working Capital (DFCFNWC)	152	-21	212	-401	79	147	181	172	123	116	152
Debt-free Net Working Capital (DFNWC)	769	614	797	1,497	1,530	1,584	1,673	1,742	1,804	398	385
Net Working Capital (NWC)	769	614	797	1,497	1,530	1,234	1,323	1,392	1,454	298	285
Net Nonoperating Expense (NNE)	73	44	-5.53	20	53	-20	37	14	40	39	64
Net Nonoperating Obligations (NNO)	-5.58	124	19	-109	360	352	297	219	108	2,505	2,405
Total Depreciation and Amortization (D&A)	44	46	47	48	50	51	54	56	56	56	58
Debt-free, Cash-free Net Working Capital to Revenue	2.31%	-0.32%	3.18%	-5.96%	1.17%	2.13%	2.63%	2.47%	1.73%	1.61%	2.03%
Debt-free Net Working Capital to Revenue	11.65%	9.22%	11.94%	22.24%	22.56%	22.96%	24.29%	25.07%	25.52%	5.51%	5.14%
Net Working Capital to Revenue	11.65%	9.22%	11.94%	22.24%	22.56%	17.89%	19.21%	20.04%	20.57%	4.12%	3.81%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$19.64	$16.18	$35.36	$37.13	$26.40	$40.71	$23.76	$4.30	$3.28	$1.64	$3.36
Adjusted Weighted Average Basic Shares Outstanding	9.37M	9.37M	9.37M	9.31M	8.76M	9.04M	8.72M	87.02M	86.60M	83.71M	66.56M
Adjusted Diluted Earnings per Share	$19.59	$16.18	$35.12	$37.07	$26.36	$40.56	$23.73	$4.30	$3.28	$1.64	$3.34
Adjusted Weighted Average Diluted Shares Outstanding	10.42M	10.42M	10.41M	10.34M	9.79M	10.07M	9.74M	97.35M	96.90M	93.96M	76.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.64	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.37M	9.37M	9.37M	8.76M	8.76M	8.72M	8.72M	86.89M	85.45M	66.56M	66.56M
Normalized Net Operating Profit after Tax (NOPAT)	165	120	160	193	169	159	141	202	183	177	175
Normalized NOPAT Margin	9.61%	7.37%	10.07%	10.74%	9.56%	9.11%	8.93%	10.86%	9.67%	9.27%	9.49%
Pre Tax Income Margin	7.07%	6.90%	14.00%	12.93%	8.81%	14.09%	8.83%	13.63%	10.18%	9.88%	8.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.87%	11.48%	37.00%	33.31%	31.78%	29.32%	9.24%	11.93%	14.24%	15.19%	14.09%
Augmented Payout Ratio	9.87%	11.48%	37.00%	33.31%	31.78%	128.14%	9.24%	122.18%	46.47%	471.92%	14.09%

Financials Breakdown Chart

Key Financial Trends

Coca‑Cola Consolidated (NASDAQ:COKE) has delivered a solid top‑line trajectory with stable margins over the last four years of quarterly data provided. The company shows healthy cash flow generation and a strong liquidity position, supported by a consistent gross margin around the high 30s to around 40% and operating margins in the mid‑teens. In late 2025, management pursued substantial financing activity, including a large debt issuance and sizable share repurchases, which materially affected cash balance and leverage. Dividends have been a continuing feature, though the latest quarter showed a reduced per‑share payout. Below is a concise, bulleted view of the most impactful trends for investors.

Revenue growth: Revenue rose from about $1.746B in Q4 2024 to about $1.904B in Q4 2025, reflecting a roughly 9% year‑over‑year increase and indicating solid top‑line momentum.
Stable gross margins: Total gross profit margins have been consistently around 39–40% across recent quarters (example: Q4 2025 gross margin ≈ 39.6%), signaling effective cost management and pricing power.
Healthy operating margins: Operating income margins have typically lined up in the mid‑teens (e.g., Q4 2025: operating income of $242.1M on $1.904B revenue ≈ 12.7%), with similar resilience in other quarters.
Strong cash flow from operations: Net cash from continuing operating activities has remained positive and substantial (e.g., Q3 2025 ≈ $316.7M; Q4 2025 ≈ $209.0M), underscoring robust cash generation beyond net income.
Solid liquidity position: Quarterly current assets consistently exceed current liabilities, yielding a healthy current ratio around 2.0x in recent periods (e.g., Q3 2025 current assets ≈ $2.85B vs. current liabilities ≈ $1.39B).

Dividend policy: Dividends per share have historically been around $0.50 each quarter, providing income to shareholders, but the Q4 2025 quarter shows a lower payout of $0.26 per share. This makes the near‑term dividend trend neutral for investors weighing income versus capital allocation.
Debt and leverage actions: The company issued a large amount of new debt in Q4 2025 and also engaged in sizable share repurchases, which can raise leverage and balance‑sheet risk. This is a neutral item that warrants watching how leverage evolves and how it funds growth versus shareholder returns.
Share repurchases: A pronounced buyback activity occurred in Q4 2025, contributing to cash outflows and affecting near‑term liquidity; this is neutral in the sense that it reflects management’s capital allocation stance rather than an immediate operating outcome.

Significant financing outflows: Net cash from financing activities was negative in Q4 2025 (and several other 2025 quarters) due to debt issuance, debt repayments, and equity repurchases, signaling an outsized cash outflow tied to capital structure moves rather than operating needs.
Large year‑end cash depletion: The cash balance declined notably in Q4 2025, driven by substantial financing activity and share repurchases, which may constrain liquidity if continued at that pace.

05/14/26 02:05 PM ETAI Generated. May Contain Errors.

Coca-Cola Consolidated Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Coca-Cola Consolidated's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Coca-Cola Consolidated's net income appears to be on an upward trend, with a most recent value of $570.58 million in 2025, rising from $65.04 million in 2015. The previous period was $633.13 million in 2024. Check out Coca-Cola Consolidated's forecast to explore projected trends and price targets.

Coca-Cola Consolidated's total operating income in 2025 was $950.66 million, based on the following breakdown:

Total Gross Profit: $2.87 billion
Total Operating Expenses: $1.92 billion

Over the last 10 years, Coca-Cola Consolidated's total revenue changed from $2.31 billion in 2015 to $7.23 billion in 2025, a change of 213.4%.

Coca-Cola Consolidated's total liabilities were at $5.04 billion at the end of 2025, a 29.4% increase from 2024, and a 230.9% increase since 2015.

In the past 10 years, Coca-Cola Consolidated's cash and equivalents has ranged from $9.61 million in 2019 to $1.14 billion in 2024, and is currently $281.92 million as of their latest financial filing in 2025.

Over the last 10 years, Coca-Cola Consolidated's book value per share changed from 26.16 in 2015 to -8.66 in 2025, a change of -133.1%.

Related Companies

Financial statements for NASDAQ:COKE last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Coca-Cola Consolidated (COKE) Financials

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Coca-Cola Consolidated (COKE) Financials

Annual Income Statements for Coca-Cola Consolidated

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Quarterly Cash Flow Statements for Coca-Cola Consolidated

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Quarterly Balance Sheets for Coca-Cola Consolidated

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