Coca-Cola (KO) Financials

$71.69 -0.24 (-0.33%)

As of 05/20/2025 03:58 PM Eastern

Annual Income Statements for Coca-Cola

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	10,631	10,714	9,542	9,771	7,747	8,920	6,434	1,248	6,527	7,351
Consolidated Net Income / (Loss)	10,649	10,703	9,571	9,804	7,768	8,985	6,476	1,283	6,550	7,366
Net Income / (Loss) Continuing Operations	10,649	10,703	9,571	9,804	7,768	8,985	6,476	1,283	6,550	7,366
Total Pre-Tax Income	13,086	12,952	11,686	12,425	9,749	10,786	8,225	6,890	8,136	9,605
Total Operating Income	9,992	11,311	10,909	10,308	8,997	10,086	9,152	7,755	8,657	8,728
Total Gross Profit	28,737	27,234	25,004	23,298	19,581	22,647	21,233	22,491	25,398	26,812
Total Revenue	47,061	45,754	43,004	38,655	33,014	37,266	34,300	36,212	41,863	44,294
Operating Revenue	47,061	45,754	43,004	38,655	33,014	37,266	34,300	36,212	41,863	44,294
Total Cost of Revenue	18,324	18,520	18,000	15,357	13,433	14,619	13,067	13,721	16,465	17,482
Operating Cost of Revenue	18,324	18,520	18,000	15,357	13,433	14,619	13,067	13,721	16,465	17,482
Total Operating Expenses	18,745	15,923	14,095	12,990	10,584	12,561	12,081	14,736	16,741	18,084
Selling, General & Admin Expense	18,745	15,923	14,095	12,990	10,584	12,561	12,081	14,736	16,741	16,427
Total Other Income / (Expense), net	3,094	1,641	777	2,117	752	700	-927	-865	-521	877
Interest Expense	1,656	1,527	882	1,597	1,437	946	950	853	733	856
Interest & Investment Income	2,758	2,598	1,921	1,714	1,348	1,612	1,697	1,751	1,477	1,102
Other Income / (Expense), net	1,992	570	-262	2,000	841	34	-1,674	-1,763	-1,265	631
Income Tax Expense	2,437	2,249	2,115	2,621	1,981	1,801	1,749	5,607	1,586	2,239
Net Income / (Loss) Attributable to Noncontrolling Interest	18	-11	29	33	21	65	42	35	23	15
Basic Earnings per Share	$2.47	$2.48	$2.20	$2.26	$1.80	$2.09	$1.51	$0.29	$1.51	$1.69
Weighted Average Basic Shares Outstanding	4.31B	4.32B	4.33B	4.32B	4.30B	4.28B	4.26B	4.27B	4.32B	4.35B
Diluted Earnings per Share	$2.46	$2.47	$2.19	$2.25	$1.79	$2.07	$1.50	$0.29	$1.49	$1.67
Weighted Average Diluted Shares Outstanding	4.32B	4.34B	4.35B	4.34B	4.32B	4.31B	4.30B	4.32B	4.37B	4.41B
Weighted Average Basic & Diluted Shares Outstanding	4.30B	4.31B	4.33B	4.34B	4.31B	4.29B	4.26B	4.30B	4.32B	4.35B
Cash Dividends to Common per Share	$1.94	$1.84	$1.76	$1.68	$1.64	$1.60	$1.56	$1.48	$1.40	$1.32

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	3,330	2,195	2,848	2,411	3,177	1,973	3,087	2,547	3,107	2,031	2,825
Consolidated Net Income / (Loss)	3,335	2,213	2,850	2,401	3,185	1,986	3,083	2,521	3,113	2,056	2,822
Net Income / (Loss) Continuing Operations	3,335	2,213	2,850	2,401	3,185	1,986	3,083	2,521	3,113	2,056	2,822
Total Pre-Tax Income	4,057	2,806	3,380	3,028	3,872	2,482	3,537	2,880	4,053	2,500	3,444
Total Operating Income	3,659	2,709	2,510	2,632	2,141	2,273	3,270	2,401	3,367	2,075	3,088
Total Gross Profit	6,966	6,931	7,190	7,551	7,065	6,215	7,296	7,060	6,663	5,612	6,497
Total Revenue	11,129	11,544	11,854	12,363	11,300	10,849	11,953	11,972	10,980	10,125	11,063
Operating Revenue	11,129	11,544	11,854	12,363	11,300	10,849	11,953	11,972	10,980	10,125	11,063
Total Cost of Revenue	4,163	4,613	4,664	4,812	4,235	4,634	4,657	4,912	4,317	4,513	4,566
Operating Cost of Revenue	4,163	4,613	4,664	4,812	4,235	4,634	4,657	4,912	4,317	4,513	4,566
Total Operating Expenses	3,307	4,222	4,680	4,919	4,924	3,942	4,026	4,659	3,296	3,537	3,409
Selling, General & Admin Expense	3,307	4,222	4,680	4,919	4,924	3,942	4,026	4,659	3,296	3,537	3,409
Total Other Income / (Expense), net	398	97	870	396	1,731	209	267	479	686	425	356
Interest Expense	387	431	425	418	382	413	368	374	372	304	198
Interest & Investment Income	531	542	804	812	600	628	765	762	443	482	607
Other Income / (Expense), net	254	-14	491	2.00	1,513	-6.00	-130	91	615	247	-53
Income Tax Expense	722	593	530	627	687	496	454	359	940	444	622
Net Income / (Loss) Attributable to Noncontrolling Interest	5.00	18	2.00	-10	8.00	13	-4.00	-26	6.00	25	-3.00
Basic Earnings per Share	$0.77	$0.51	$0.66	$0.56	$0.74	$0.46	$0.71	$0.59	$0.72	$0.47	$0.65
Weighted Average Basic Shares Outstanding	4.30B	4.31B	4.31B	4.31B	4.31B	4.32B	4.32B	4.33B	4.33B	4.33B	4.33B
Diluted Earnings per Share	$0.77	$0.50	$0.66	$0.56	$0.74	$0.45	$0.71	$0.59	$0.72	$0.46	$0.65
Weighted Average Diluted Shares Outstanding	4.31B	4.32B	4.32B	4.32B	4.32B	4.34B	4.34B	4.34B	4.35B	4.35B	4.35B
Weighted Average Basic & Diluted Shares Outstanding	4.30B	4.30B	4.31B	4.31B	4.31B	4.31B	4.32B	4.32B	4.32B	4.33B	4.32B
Cash Dividends to Common per Share	$0.51	-	$0.49	$0.49	$0.49	-	$0.46	$0.46	$0.46	-	$0.44

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	2,419	-60	5.00	2,915	373	-2,581	2,945	-2,477	1,238	-1,649
Net Cash From Operating Activities	6,805	11,599	11,018	12,625	9,844	10,471	7,627	7,041	8,792	10,528
Net Cash From Continuing Operating Activities	6,805	11,599	11,018	12,625	9,844	10,471	7,627	7,041	8,792	10,528
Net Income / (Loss) Continuing Operations	10,649	10,703	9,571	9,804	7,768	8,985	6,476	1,283	6,550	7,366
Consolidated Net Income / (Loss)	10,649	10,703	9,571	9,804	7,768	8,985	6,476	1,283	6,550	7,366
Depreciation Expense	1,075	1,128	1,260	1,452	1,536	1,365	1,086	1,260	1,787	1,970
Non-Cash Adjustments To Reconcile Net Income	-2,674	-1,125	-172	-1,356	-688	-92	1,718	2,308	1,536	1,276
Changes in Operating Assets and Liabilities, net	-2,245	893	359	2,725	1,228	213	-1,653	2,190	-1,081	-84
Net Cash From Investing Activities	2,524	-3,349	-763	-2,765	-1,477	-3,976	5,927	-2,312	-1,004	-6,186
Net Cash From Continuing Investing Activities	2,524	-3,349	-763	-2,765	-1,477	-3,976	5,927	-2,312	-1,004	-6,186
Purchase of Property, Plant & Equipment	-2,064	-1,852	-1,484	-1,367	-1,177	-2,054	-1,548	-1,750	-2,262	-2,553
Acquisitions	-315	-62	-73	-4,766	-1,052	-5,542	-1,263	-3,809	-838	-2,491
Purchase of Investments	-5,640	-6,698	-3,751	-6,030	-13,583	-4,704	-7,789	-17,296	-16,626	-15,831
Sale of Property, Plant & Equipment	40	74	75	108	189	978	248	108	150	85
Divestitures	3,485	430	458	2,180	189	429	1,362	3,821	1,035	565
Sale and/or Maturity of Investments	6,589	4,354	4,771	7,059	13,835	6,973	14,977	16,694	17,842	14,079
Other Investing Activities, net	429	405	-759	51	122	-56	-60	-80	-305	-40
Net Cash From Financing Activities	-6,910	-8,310	-10,250	-6,786	-8,070	-9,004	-10,347	-7,447	-6,545	-5,113
Net Cash From Continuing Financing Activities	-6,910	-8,310	-10,250	-6,786	-8,070	-9,004	-10,347	-7,447	-6,545	-5,113
Repayment of Debt	-9,564	-5,499	-6,025	-13,219	-28,486	-25,077	-30,872	-28,966	-25,536	-37,487
Repurchase of Common Equity	-1,795	-2,289	-1,418	-111	-118	-1,103	-1,912	-3,682	-3,681	-3,564
Payment of Dividends	-8,359	-7,952	-7,616	-7,252	-7,047	-6,845	-6,644	-6,320	-6,043	-5,741
Issuance of Debt	12,061	6,891	3,972	13,094	26,934	23,009	27,605	29,926	27,281	40,434
Issuance of Common Equity	747	539	837	702	647	1,012	1,476	1,595	1,434	1,245

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-2,674	-2,050	-109	3,452	1,126	-2,445	-642	572	2,455	-404	1,119
Net Cash From Operating Activities	-5,202	3,951	-1,259	3,585	528	2,670	4,300	4,469	160	2,950	3,522
Net Cash From Continuing Operating Activities	-5,202	3,951	-1,259	3,585	528	2,670	4,300	4,469	160	2,950	3,522
Net Income / (Loss) Continuing Operations	3,335	2,213	2,850	2,401	3,185	1,986	3,083	2,521	3,113	2,056	2,822
Consolidated Net Income / (Loss)	3,335	2,213	2,850	2,401	3,185	1,986	3,083	2,521	3,113	2,056	2,822
Depreciation Expense	267	276	268	269	262	271	290	281	286	307	307
Non-Cash Adjustments To Reconcile Net Income	-378	-262	-727	-252	-1,433	162	-307	-270	-710	-96	-370
Changes in Operating Assets and Liabilities, net	-8,426	1,724	-3,650	1,167	-1,486	251	1,234	1,937	-2,529	683	763
Net Cash From Investing Activities	-1,067	-783	2,310	667	330	-926	-1,657	-883	117	1,426	-1,044
Net Cash From Continuing Investing Activities	-1,067	-783	2,310	667	330	-926	-1,657	-883	117	1,426	-1,044
Purchase of Property, Plant & Equipment	-309	-803	-469	-422	-370	-851	-386	-339	-276	-708	-289
Acquisitions	-42	-162	-128	-17	-8.00	-17	-2.00	-23	-20	-33	-34
Purchase of Investments	-2,507	-1,242	-571	-1,275	-2,552	-2,110	-2,485	-1,364	-739	-582	-1,129
Sale of Property, Plant & Equipment	8.00	7.00	12	7.00	14	28	8.00	17	21	29	13
Divestitures	748	17	561	14	2,893	103	7.00	1.00	319	229	11
Sale and/or Maturity of Investments	1,005	1,464	2,463	2,218	444	1,462	1,284	793	815	1,722	777
Other Investing Activities, net	30	-64	442	142	-91	459	-83	32	-3.00	769	-393
Net Cash From Financing Activities	3,432	-5,484	-894	-938	406	-4,225	-3,087	-3,063	2,065	-5,172	-1,128
Net Cash From Continuing Financing Activities	3,432	-5,484	-894	-938	406	-4,225	-3,087	-3,063	2,065	-5,172	-1,128
Repayment of Debt	-1,704	-1,625	-3,196	-3,375	-1,368	-248	-2,429	-1,533	-1,289	-1,211	-1,976
Repurchase of Common Equity	-370	-567	-354	-172	-702	-1,096	-109	-236	-848	-6.00	-202
Payment of Dividends	-89	-4,085	-2,090	-2,085	-99	-3,874	-1,989	-1,988	-101	-3,706	-100
Issuance of Debt	5,436	763	4,466	4,547	2,285	878	1,375	564	4,074	-379	1,095
Issuance of Common Equity	159	30	280	147	290	115	65	130	229	130	55
Effect of Exchange Rate Changes	163	-	-	-	-138	-	-	-	113	-	-231

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	100,549	97,703	92,763	94,354	87,296	86,381	83,216	87,896	87,270	89,996
Total Current Assets	25,997	26,732	22,591	22,545	19,240	20,411	24,930	36,545	34,010	33,395
Cash & Equivalents	10,828	9,366	9,519	9,684	6,795	6,480	9,077	6,006	8,555	7,309
Short-Term Investments	3,743	4,297	2,112	2,941	4,119	4,695	7,038	14,669	13,646	12,591
Accounts Receivable	3,569	3,410	3,487	3,512	3,144	3,971	3,685	3,667	3,856	3,941
Inventories, net	4,728	4,424	4,233	3,414	3,266	3,379	3,071	2,655	2,675	2,902
Prepaid Expenses	3,129	5,235	3,240	2,994	1,916	1,886	2,059	2,000	2,481	2,752
Plant, Property, & Equipment, net	10,303	9,236	9,841	9,920	10,777	10,838	9,598	8,203	10,635	12,571
Total Noncurrent Assets	64,249	61,735	60,331	61,889	57,279	55,132	48,688	43,148	42,625	44,030
Long-Term Investments	18,087	19,671	18,765	18,416	20,085	19,879	20,279	21,952	17,249	15,788
Goodwill	18,139	18,358	18,782	19,363	17,506	16,764	14,109	9,401	10,629	11,289
Intangible Assets	13,301	14,349	14,849	15,250	11,044	10,002	7,478	7,235	10,499	12,843
Noncurrent Deferred & Refundable Income Taxes	1,319	1,561	1,746	2,129	2,460	2,412	2,674	330	-	-
Other Noncurrent Operating Assets	13,403	7,796	6,189	6,731	6,184	6,075	4,148	4,230	4,248	4,110
Total Liabilities & Shareholders' Equity	100,549	97,703	92,763	94,354	87,296	86,381	83,216	87,896	87,270	89,996
Total Liabilities	74,177	70,223	66,937	69,494	66,012	65,283	64,158	68,919	64,050	64,232
Total Current Liabilities	25,249	23,571	19,724	19,950	14,601	26,973	28,782	27,194	26,532	26,929
Short-Term Debt	648	1,960	399	4,645	2,668	15,247	18,838	16,503	16,025	15,805
Accounts Payable	21,715	15,485	15,749	14,619	11,145	11,312	9,533	8,748	9,490	9,660
Current Deferred & Payable Income Tax Liabilities	1,387	1,569	1,203	686	788	414	411	410	307	331
Other Current Liabilities	1,499	4,557	2,373	-	-	-	-	-	-	-
Total Noncurrent Liabilities	48,928	46,652	47,213	49,544	51,411	38,310	35,376	41,725	37,518	37,303
Long-Term Debt	42,375	35,547	36,377	38,116	40,125	27,516	25,376	31,182	29,684	28,311
Noncurrent Deferred & Payable Income Tax Liabilities	2,469	2,639	2,914	2,821	1,833	2,284	2,354	2,522	3,753	4,691
Other Noncurrent Operating Liabilities	4,084	8,466	7,922	8,607	9,453	8,510	7,646	8,021	4,081	4,301
Total Equity & Noncontrolling Interests	26,372	27,480	25,826	24,860	21,284	21,098	19,058	18,977	23,220	25,764
Total Preferred & Common Equity	24,856	25,941	24,105	22,999	19,299	18,981	16,981	17,072	23,062	25,554
Total Common Equity	24,856	25,941	24,105	22,999	19,299	18,981	16,981	17,072	23,062	25,554
Common Stock	21,561	20,969	20,582	19,876	19,361	18,914	18,280	17,624	16,753	15,776
Retained Earnings	76,054	73,782	71,019	69,094	66,555	65,855	63,234	60,430	65,502	65,018
Treasury Stock	-55,916	-54,535	-52,601	-51,641	-52,016	-52,244	-51,719	-50,677	-47,988	-45,066
Accumulated Other Comprehensive Income / (Loss)	-16,843	-14,275	-14,895	-14,330	-14,601	-13,544	-12,814	-10,305	-11,205	-10,174
Noncontrolling Interest	1,516	1,539	1,721	1,861	1,985	2,117	2,077	1,905	158	210

This table presents Coca-Cola'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 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	101,716	100,549	106,266	101,202	99,392	97,703	97,578	98,456	97,404	92,763	92,471
Total Current Assets	26,178	25,997	30,288	31,599	29,462	26,732	27,867	27,591	26,880	22,591	24,139
Cash & Equivalents	8,417	10,828	13,938	13,708	10,443	9,366	11,883	12,564	12,004	9,519	10,127
Short-Term Investments	5,370	3,743	4,226	5,285	6,476	4,297	3,552	3,130	2,291	2,112	3,093
Accounts Receivable	4,091	3,569	4,233	4,545	4,244	3,410	3,495	3,970	4,599	3,487	3,994
Inventories, net	5,102	4,728	4,714	4,763	4,961	4,424	4,252	4,646	4,727	4,233	3,708
Prepaid Expenses	3,198	3,129	3,177	3,298	3,338	5,235	4,685	3,281	3,259	3,240	3,217
Plant, Property, & Equipment, net	10,431	10,303	9,864	9,508	9,306	9,236	8,860	9,706	9,848	9,841	9,243
Total Noncurrent Assets	65,107	64,249	66,114	60,095	60,624	61,735	60,851	61,159	60,676	60,331	59,089
Long-Term Investments	18,369	18,087	19,037	19,107	19,642	19,671	19,360	19,420	19,081	18,765	18,305
Goodwill	18,333	18,139	18,686	18,324	18,210	18,358	18,144	18,545	18,678	18,782	18,329
Intangible Assets	13,425	13,301	14,059	13,981	14,024	14,349	14,741	14,941	14,897	14,849	14,617
Noncurrent Deferred & Refundable Income Taxes	1,311	1,319	1,428	1,409	1,457	1,561	1,575	1,661	1,696	1,746	1,708
Other Noncurrent Operating Assets	13,669	13,403	12,904	7,274	7,291	7,796	7,031	6,592	6,324	6,189	6,130
Total Liabilities & Shareholders' Equity	101,716	100,549	106,266	101,202	99,392	97,703	97,578	98,456	97,404	92,763	92,471
Total Liabilities	73,962	74,177	78,112	73,791	71,446	70,223	69,745	70,904	70,536	66,937	68,035
Total Current Liabilities	23,808	25,249	28,569	29,263	28,356	23,571	24,409	24,115	23,357	19,724	21,439
Short-Term Debt	163	648	1,067	1,939	1,392	1,960	2,080	1,171	811	399	729
Accounts Payable	16,499	21,715	23,820	21,909	19,425	15,485	16,837	16,483	15,593	15,749	16,103
Current Deferred & Payable Income Tax Liabilities	1,728	1,387	1,479	1,622	1,485	1,569	1,577	1,633	1,498	1,203	1,211
Other Current Liabilities	5,418	1,499	2,203	3,793	6,054	4,557	3,915	4,828	5,455	2,373	3,396
Total Noncurrent Liabilities	50,154	48,928	49,543	44,528	43,090	46,652	45,336	46,789	47,179	47,213	46,596
Long-Term Debt	43,530	42,375	42,994	38,085	35,104	35,547	34,176	35,626	36,134	36,377	35,462
Noncurrent Deferred & Payable Income Tax Liabilities	2,311	2,469	2,292	2,366	2,521	2,639	2,733	2,714	3,171	2,914	3,124
Other Noncurrent Operating Liabilities	4,313	4,084	4,257	4,077	5,465	8,466	8,427	8,449	7,874	7,922	8,010
Total Equity & Noncontrolling Interests	27,754	26,372	28,154	27,411	27,946	27,480	27,833	27,552	26,868	25,826	24,436
Total Preferred & Common Equity	26,202	24,856	26,518	25,853	26,429	25,941	26,325	26,013	25,217	24,105	22,805
Total Common Equity	26,202	24,856	26,518	25,853	26,429	25,941	26,325	26,013	25,217	24,105	22,805
Common Stock	21,633	21,561	21,470	21,228	21,081	20,969	20,841	20,753	20,649	20,582	20,447
Retained Earnings	77,189	76,054	75,946	75,189	74,868	73,782	73,793	72,695	72,137	71,019	70,893
Treasury Stock	-56,138	-55,916	-55,362	-55,106	-55,016	-54,535	-53,494	-53,418	-53,247	-52,601	-52,666
Accumulated Other Comprehensive Income / (Loss)	-16,482	-16,843	-15,536	-15,458	-14,504	-14,275	-14,815	-14,017	-14,322	-14,895	-15,869
Noncontrolling Interest	1,552	1,516	1,636	1,558	1,517	1,539	1,508	1,539	1,651	1,721	1,631

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.86%	6.39%	11.25%	17.09%	-11.41%	8.65%	-5.28%	-13.50%	-5.49%	-3.70%
EBITDA Growth	0.38%	9.26%	-13.47%	20.98%	-0.97%	34.11%	18.09%	-20.99%	-18.98%	8.71%
EBIT Growth	0.87%	11.59%	-13.50%	25.11%	-2.79%	35.33%	24.80%	-18.94%	-21.02%	10.82%
NOPAT Growth	-13.01%	4.61%	9.85%	13.46%	-14.68%	16.60%	399.00%	-79.28%	4.12%	-9.75%
Net Income Growth	-0.50%	11.83%	-2.38%	26.21%	-13.54%	38.74%	404.75%	-80.41%	-11.08%	3.40%
EPS Growth	-0.40%	12.79%	-2.67%	25.70%	-13.53%	38.00%	417.24%	-80.54%	-10.78%	4.38%
Operating Cash Flow Growth	-41.33%	5.27%	-12.73%	28.25%	-5.99%	37.29%	8.32%	-19.92%	-16.49%	-0.82%
Free Cash Flow Firm Growth	-69.22%	-25.61%	187.35%	-32.85%	178.94%	272.55%	-110.70%	63.23%	-29.59%	19.27%
Invested Capital Growth	16.06%	-1.72%	-11.96%	10.59%	0.83%	22.06%	47.37%	-39.58%	-3.93%	-13.63%
Revenue Q/Q Growth	1.50%	1.61%	1.56%	2.26%	-1.37%	1.61%	0.48%	-2.94%	-1.39%	-1.93%
EBITDA Q/Q Growth	3.43%	-0.69%	-3.75%	2.02%	1.26%	14.31%	-0.31%	5.35%	-10.41%	6.09%
EBIT Q/Q Growth	3.70%	-0.46%	-3.88%	3.02%	1.15%	14.96%	0.38%	9.06%	-11.96%	7.12%
NOPAT Q/Q Growth	4.19%	1.26%	3.66%	-0.71%	-4.66%	1.36%	147.13%	-73.70%	0.33%	2.39%
Net Income Q/Q Growth	2.18%	-0.65%	-3.95%	11.06%	-7.07%	14.50%	128.67%	-71.78%	-9.52%	6.74%
EPS Q/Q Growth	2.07%	-0.40%	-3.95%	10.29%	-6.77%	15.00%	123.88%	-72.12%	-9.70%	6.37%
Operating Cash Flow Q/Q Growth	23.19%	-2.36%	-3.87%	-1.79%	10.36%	7.86%	11.04%	-11.22%	-0.78%	-4.52%
Free Cash Flow Firm Q/Q Growth	46.23%	9.53%	40.94%	-5.05%	-40.08%	105.82%	-103.34%	-2.89%	-23.99%	-2.53%
Invested Capital Q/Q Growth	4.92%	8.05%	10.67%	22.24%	24.30%	7.20%	233.20%	-7.83%	7.46%	-1.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.06%	59.52%	58.14%	60.27%	59.31%	60.77%	61.90%	62.11%	60.67%	60.53%
EBITDA Margin	27.75%	28.43%	27.69%	35.60%	34.45%	30.82%	24.97%	20.03%	21.93%	25.58%
Operating Margin	21.23%	24.72%	25.37%	26.67%	27.25%	27.06%	26.68%	21.42%	20.68%	19.70%
EBIT Margin	25.46%	25.97%	24.76%	31.84%	29.80%	27.16%	21.80%	16.55%	17.66%	21.13%
Profit (Net Income) Margin	22.63%	23.39%	22.26%	25.36%	23.53%	24.11%	18.88%	3.54%	15.65%	16.63%
Tax Burden Percent	81.38%	82.64%	81.90%	78.91%	79.68%	83.30%	78.74%	18.62%	80.51%	76.69%
Interest Burden Percent	109.20%	109.01%	109.76%	100.95%	99.10%	106.58%	109.99%	114.99%	110.06%	102.63%
Effective Tax Rate	18.62%	17.36%	18.10%	21.09%	20.32%	16.70%	21.26%	81.38%	19.49%	23.31%
Return on Invested Capital (ROIC)	23.78%	29.27%	25.98%	23.35%	21.76%	28.15%	31.94%	5.96%	22.62%	19.74%
ROIC Less NNEP Spread (ROIC-NNEP)	58.42%	54.97%	33.01%	37.56%	26.86%	34.13%	11.33%	0.79%	15.98%	31.45%
Return on Net Nonoperating Assets (RNNOA)	15.77%	10.88%	11.79%	19.14%	14.90%	16.60%	2.11%	0.12%	4.12%	6.41%
Return on Equity (ROE)	39.55%	40.16%	37.77%	42.49%	36.66%	44.75%	34.05%	6.08%	26.74%	26.16%
Cash Return on Invested Capital (CROIC)	8.91%	31.01%	38.70%	13.30%	20.94%	8.29%	-6.35%	55.32%	26.64%	34.37%
Operating Return on Assets (OROA)	12.09%	12.48%	11.38%	13.55%	11.33%	11.93%	8.74%	6.84%	8.34%	10.28%
Return on Assets (ROA)	10.74%	11.24%	10.23%	10.79%	8.95%	10.60%	7.57%	1.46%	7.39%	8.09%
Return on Common Equity (ROCE)	37.31%	37.70%	35.10%	38.95%	33.11%	40.08%	30.49%	5.78%	26.54%	25.95%
Return on Equity Simple (ROE_SIMPLE)	42.84%	41.26%	39.71%	42.63%	40.25%	47.34%	38.14%	7.52%	28.40%	28.83%
Net Operating Profit after Tax (NOPAT)	8,131	9,347	8,935	8,134	7,169	8,402	7,206	1,444	6,969	6,693
NOPAT Margin	17.28%	20.43%	20.78%	21.04%	21.71%	22.55%	21.01%	3.99%	16.65%	15.11%
Net Nonoperating Expense Percent (NNEP)	-34.64%	-25.70%	-7.03%	-14.21%	-5.10%	-5.97%	20.61%	5.17%	6.64%	-11.71%
Return On Investment Capital (ROIC_SIMPLE)	11.72%	14.38%	14.27%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	38.94%	40.48%	41.86%	39.73%	40.69%	39.23%	38.10%	37.89%	39.33%	39.47%
SG&A Expenses to Revenue	39.83%	34.80%	32.78%	33.61%	32.06%	33.71%	35.22%	40.69%	39.99%	37.09%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.83%	34.80%	32.78%	33.61%	32.06%	33.71%	35.22%	40.69%	39.99%	40.83%
Earnings before Interest and Taxes (EBIT)	11,984	11,881	10,647	12,308	9,838	10,120	7,478	5,992	7,392	9,359
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13,059	13,009	11,907	13,760	11,374	11,485	8,564	7,252	9,179	11,329
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	10.79	9.53	10.73	10.31	10.97	10.86	10.00	9.32	6.11	5.58
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	364.95	72.81	100.21
Price to Revenue (P/Rev)	5.70	5.40	6.02	6.13	6.41	5.53	4.95	4.39	3.36	3.22
Price to Earnings (P/E)	25.23	23.08	27.12	24.26	27.34	23.10	26.38	127.50	21.58	19.39
Dividend Yield	3.12%	3.22%	2.94%	3.06%	3.33%	3.33%	3.91%	3.96%	4.29%	4.03%
Earnings Yield	3.96%	4.33%	3.69%	4.12%	3.66%	4.33%	3.79%	0.78%	4.64%	5.16%
Enterprise Value to Invested Capital (EV/IC)	7.62	7.99	8.29	6.85	6.82	6.70	6.68	9.11	4.88	4.81
Enterprise Value to Revenue (EV/Rev)	5.95	5.53	6.21	6.48	6.83	5.90	5.24	4.59	3.52	3.41
Enterprise Value to EBITDA (EV/EBITDA)	21.45	19.44	22.41	18.21	19.83	19.14	20.97	22.90	16.04	13.34
Enterprise Value to EBIT (EV/EBIT)	23.37	21.29	25.07	20.36	22.93	21.73	24.02	27.72	19.92	16.15
Enterprise Value to NOPAT (EV/NOPAT)	34.45	27.06	29.87	30.82	31.46	26.17	24.93	115.01	21.13	22.58
Enterprise Value to Operating Cash Flow (EV/OCF)	41.16	21.81	24.22	19.85	22.91	21.00	23.55	23.59	16.75	14.36
Enterprise Value to Free Cash Flow (EV/FCFF)	91.92	25.55	20.05	54.11	32.70	88.91	0.00	12.40	17.94	12.97
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.63	1.36	1.42	1.72	2.01	2.03	2.32	2.51	1.97	1.71
Long-Term Debt to Equity	1.61	1.29	1.41	1.53	1.89	1.30	1.33	1.64	1.28	1.10
Financial Leverage	0.27	0.20	0.36	0.51	0.55	0.49	0.19	0.15	0.26	0.20
Leverage Ratio	3.68	3.57	3.69	3.94	4.10	4.22	4.50	4.15	3.62	3.23
Compound Leverage Factor	4.02	3.90	4.05	3.97	4.06	4.50	4.95	4.77	3.98	3.32
Debt to Total Capital	62.00%	57.71%	58.75%	63.24%	66.78%	66.96%	69.88%	71.53%	66.31%	63.13%
Short-Term Debt to Total Capital	0.93%	3.02%	0.64%	6.87%	4.16%	23.88%	29.77%	24.76%	23.25%	22.62%
Long-Term Debt to Total Capital	61.06%	54.70%	58.11%	56.37%	62.62%	43.09%	40.11%	46.78%	43.06%	40.51%
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%
Noncontrolling Interests to Total Capital	2.18%	2.37%	2.75%	2.75%	3.10%	3.32%	3.28%	2.86%	0.23%	0.30%
Common Equity to Total Capital	35.82%	39.92%	38.51%	34.01%	30.12%	29.72%	26.84%	25.61%	33.46%	36.57%
Debt to EBITDA	3.29	2.88	3.09	3.11	3.76	3.72	5.16	6.58	4.98	3.89
Net Debt to EBITDA	0.79	0.32	0.54	0.85	1.04	1.02	0.91	0.70	0.68	0.74
Long-Term Debt to EBITDA	3.24	2.73	3.06	2.77	3.53	2.40	2.96	4.30	3.23	2.50
Debt to NOPAT	5.29	4.01	4.12	5.26	5.97	5.09	6.14	33.02	6.56	6.59
Net Debt to NOPAT	1.27	0.45	0.71	1.44	1.65	1.39	1.09	3.50	0.90	1.26
Long-Term Debt to NOPAT	5.21	3.80	4.07	4.69	5.60	3.28	3.52	21.59	4.26	4.23
Altman Z-Score	4.10	4.08	4.27	3.95	3.81	3.69	3.30	3.11	3.23	3.26
Noncontrolling Interest Sharing Ratio	5.67%	6.12%	7.07%	8.33%	9.68%	10.44%	10.47%	4.89%	0.75%	0.80%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.03	1.13	1.15	1.13	1.32	0.76	0.87	1.34	1.28	1.24
Quick Ratio	0.72	0.72	0.77	0.81	0.96	0.56	0.69	0.90	0.98	0.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,047	9,900	13,309	4,632	6,898	2,473	-1,433	13,394	8,205	11,653
Operating Cash Flow to CapEx	336.22%	652.36%	781.97%	1,002.78%	996.36%	973.14%	586.69%	428.81%	416.29%	426.58%
Free Cash Flow to Firm to Interest Expense	1.84	6.48	15.09	2.90	4.80	2.61	-1.51	15.70	11.19	13.61
Operating Cash Flow to Interest Expense	4.11	7.60	12.49	7.91	6.85	11.07	8.03	8.25	11.99	12.30
Operating Cash Flow Less CapEx to Interest Expense	2.89	6.43	10.89	7.12	6.16	9.93	6.66	6.33	9.11	9.42
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.47	0.48	0.46	0.43	0.38	0.44	0.40	0.41	0.47	0.49
Accounts Receivable Turnover	13.49	13.27	12.29	11.62	9.28	9.74	9.33	9.63	10.74	10.54
Inventory Turnover	4.00	4.28	4.71	4.60	4.04	4.53	4.56	5.15	5.90	5.83
Fixed Asset Turnover	4.82	4.80	4.35	3.74	3.05	3.65	3.85	3.84	3.61	3.26
Accounts Payable Turnover	0.99	1.19	1.19	1.19	1.20	1.40	1.43	1.50	1.72	1.85
Days Sales Outstanding (DSO)	27.06	27.51	29.70	31.42	39.33	37.49	39.12	37.91	33.99	34.64
Days Inventory Outstanding (DIO)	91.15	85.31	77.53	79.38	90.28	80.52	79.97	70.89	61.82	62.66
Days Payable Outstanding (DPO)	370.50	307.79	307.90	306.18	305.10	260.22	255.32	242.58	212.26	197.24
Cash Conversion Cycle (CCC)	-252.28	-194.97	-200.66	-195.37	-175.49	-142.21	-136.23	-133.77	-116.45	-99.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	36,737	31,653	32,206	36,580	33,078	32,807	26,878	18,239	30,189	31,425
Invested Capital Turnover	1.38	1.43	1.25	1.11	1.00	1.25	1.52	1.50	1.36	1.31
Increase / (Decrease) in Invested Capital	5,084	-553	-4,374	3,502	271	5,929	8,639	-11,950	-1,236	-4,960
Enterprise Value (EV)	280,084	252,940	266,867	250,637	225,546	219,867	179,629	166,083	147,237	151,143
Market Capitalization	268,203	247,228	258,766	237,056	211,767	206,041	169,732	159,120	140,820	142,505
Book Value per Share	$5.77	$6.00	$5.57	$5.32	$4.49	$4.43	$3.99	$4.01	$5.35	$5.88
Tangible Book Value per Share	($1.53)	($1.57)	($2.20)	($2.69)	($2.15)	($1.82)	($1.08)	$0.10	$0.45	$0.33
Total Capital	69,395	64,987	62,602	67,621	64,077	63,861	63,272	66,662	68,929	69,880
Total Debt	43,023	37,507	36,776	42,761	42,793	42,763	44,214	47,685	45,709	44,116
Total Long-Term Debt	42,375	35,547	36,377	38,116	40,125	27,516	25,376	31,182	29,684	28,311
Net Debt	10,365	4,173	6,380	11,720	11,794	11,709	7,820	5,058	6,259	8,428
Capital Expenditures (CapEx)	2,024	1,778	1,409	1,259	988	1,076	1,300	1,642	2,112	2,468
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-13,175	-8,542	-8,365	-5,385	-3,607	-2,490	-1,129	5,179	1,302	2,371
Debt-free Net Working Capital (DFNWC)	1,396	5,121	3,266	7,240	7,307	8,685	14,986	25,854	23,503	22,271
Net Working Capital (NWC)	748	3,161	2,867	2,595	4,639	-6,562	-3,852	9,351	7,478	6,466
Net Nonoperating Expense (NNE)	-2,518	-1,356	-636	-1,670	-599	-583	730	161	419	-673
Net Nonoperating Obligations (NNO)	10,365	4,173	6,380	11,720	11,794	11,709	7,820	-738	6,969	5,661
Total Depreciation and Amortization (D&A)	1,075	1,128	1,260	1,452	1,536	1,365	1,086	1,260	1,787	1,970
Debt-free, Cash-free Net Working Capital to Revenue	-28.00%	-18.67%	-19.45%	-13.93%	-10.93%	-6.68%	-3.29%	14.30%	3.11%	5.35%
Debt-free Net Working Capital to Revenue	2.97%	11.19%	7.59%	18.73%	22.13%	23.31%	43.69%	71.40%	56.14%	50.28%
Net Working Capital to Revenue	1.59%	6.91%	6.67%	6.71%	14.05%	-17.61%	-11.23%	25.82%	17.86%	14.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.47	$2.48	$2.20	$2.26	$1.80	$2.09	$1.51	$0.29	$1.51	$1.69
Adjusted Weighted Average Basic Shares Outstanding	4.31B	4.32B	4.33B	4.32B	4.30B	4.28B	4.26B	4.27B	4.32B	4.35B
Adjusted Diluted Earnings per Share	$2.46	$2.47	$2.19	$2.25	$1.79	$2.07	$1.50	$0.29	$1.49	$1.67
Adjusted Weighted Average Diluted Shares Outstanding	4.32B	4.34B	4.35B	4.34B	4.32B	4.31B	4.30B	4.32B	4.37B	4.41B
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.30B	4.31B	4.33B	4.34B	4.31B	4.29B	4.28B	4.27B	4.29B	4.33B
Normalized Net Operating Profit after Tax (NOPAT)	8,131	9,347	8,935	8,134	7,169	8,402	7,206	5,429	6,969	7,964
Normalized NOPAT Margin	17.28%	20.43%	20.78%	21.04%	21.71%	22.55%	21.01%	14.99%	16.65%	17.98%
Pre Tax Income Margin	27.81%	28.31%	27.17%	32.14%	29.53%	28.94%	23.98%	19.03%	19.43%	21.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.24	7.78	12.07	7.71	6.85	10.70	7.87	7.02	10.08	10.93
NOPAT to Interest Expense	4.91	6.12	10.13	5.09	4.99	8.88	7.59	1.69	9.51	7.82
EBIT Less CapEx to Interest Expense	6.01	6.62	10.47	6.92	6.16	9.56	6.50	5.10	7.20	8.05
NOPAT Less CapEx to Interest Expense	3.69	4.96	8.53	4.30	4.30	7.74	6.22	-0.23	6.63	4.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	78.50%	74.30%	79.57%	73.97%	90.72%	76.18%	102.59%	492.60%	92.26%	77.94%
Augmented Payout Ratio	95.35%	95.68%	94.39%	75.10%	92.24%	88.46%	132.12%	779.58%	148.46%	126.32%

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.51%	6.41%	-0.83%	3.27%	2.91%	7.15%	8.04%	5.71%	4.66%	6.98%	10.17%
EBITDA Growth	6.74%	17.06%	-4.69%	4.69%	-8.25%	-3.46%	2.63%	19.94%	17.77%	-15.00%	6.67%
EBIT Growth	7.09%	18.88%	-4.43%	5.70%	-8.24%	-2.37%	3.46%	25.23%	20.67%	-15.63%	9.53%
NOPAT Growth	70.79%	17.47%	-25.75%	-0.70%	-31.90%	6.58%	12.65%	7.92%	-5.97%	23.31%	8.80%
Net Income Growth	4.71%	11.43%	-7.56%	-4.76%	2.31%	-3.40%	9.25%	32.68%	11.46%	-16.08%	14.02%
EPS Growth	4.05%	11.11%	-7.04%	-5.08%	2.78%	-2.17%	9.23%	34.09%	12.50%	-16.36%	14.04%
Operating Cash Flow Growth	-1,085.23%	47.98%	-129.28%	-19.78%	230.00%	-9.49%	22.09%	13.92%	-74.32%	-13.08%	-4.96%
Free Cash Flow Firm Growth	-294.62%	-224.27%	-235.56%	-61.93%	-44.22%	-60.99%	-20.73%	240.33%	4,171.21%	387.07%	439.31%
Invested Capital Growth	40.92%	16.06%	19.53%	0.34%	-8.40%	-1.72%	0.66%	-9.63%	-14.48%	-11.96%	-2.75%
Revenue Q/Q Growth	-3.59%	-2.62%	-4.12%	9.41%	4.16%	-9.24%	-0.16%	9.03%	8.44%	-8.48%	-2.31%
EBITDA Q/Q Growth	40.69%	-9.12%	12.61%	-25.87%	54.29%	-26.01%	23.69%	-35.03%	62.34%	-21.33%	44.55%
EBIT Q/Q Growth	45.19%	-10.20%	13.93%	-27.91%	61.18%	-27.80%	26.00%	-37.42%	71.49%	-23.49%	52.51%
NOPAT Q/Q Growth	40.78%	0.95%	1.41%	18.50%	-3.17%	-36.19%	35.62%	-18.73%	51.55%	-32.56%	29.93%
Net Income Q/Q Growth	50.70%	-22.35%	18.70%	-24.62%	60.37%	-35.58%	22.29%	-19.02%	51.41%	-27.14%	48.53%
EPS Q/Q Growth	54.00%	-24.24%	17.86%	-24.32%	64.44%	-36.62%	20.34%	-18.06%	56.52%	-29.23%	47.73%
Operating Cash Flow Q/Q Growth	-231.66%	413.82%	-135.12%	578.98%	-80.22%	-37.91%	-3.78%	2,693.13%	-94.58%	-16.24%	-10.22%
Free Cash Flow Firm Q/Q Growth	-185.06%	18.21%	-281.36%	-53.97%	73.39%	-10.78%	-49.06%	-32.57%	27.28%	81.33%	118.68%
Invested Capital Q/Q Growth	6.95%	4.92%	19.36%	5.22%	-11.59%	8.05%	0.20%	-3.95%	-5.49%	10.67%	-10.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.59%	60.04%	60.65%	61.08%	62.52%	57.29%	61.04%	58.97%	60.68%	55.43%	58.73%
EBITDA Margin	37.56%	25.74%	27.58%	23.48%	34.65%	23.39%	28.70%	23.16%	38.87%	25.97%	30.21%
Operating Margin	32.88%	23.47%	21.17%	21.29%	18.95%	20.95%	27.36%	20.06%	30.66%	20.49%	27.91%
EBIT Margin	35.16%	23.35%	25.32%	21.31%	32.34%	20.90%	26.27%	20.82%	36.27%	22.93%	27.43%
Profit (Net Income) Margin	29.97%	19.17%	24.04%	19.42%	28.19%	18.31%	25.79%	21.06%	28.35%	20.31%	25.51%
Tax Burden Percent	82.20%	78.87%	84.32%	79.29%	82.26%	80.02%	87.16%	87.53%	76.81%	82.24%	81.94%
Interest Burden Percent	103.68%	104.12%	112.63%	114.96%	105.97%	109.48%	112.64%	115.57%	101.78%	107.67%	113.48%
Effective Tax Rate	17.80%	21.13%	15.68%	20.71%	17.74%	19.98%	12.84%	12.47%	23.19%	17.76%	18.06%
Return on Invested Capital (ROIC)	37.73%	25.47%	25.75%	26.78%	24.63%	24.02%	36.78%	25.16%	31.03%	21.07%	32.81%
ROIC Less NNEP Spread (ROIC-NNEP)	43.44%	26.52%	43.38%	44.19%	105.90%	27.19%	44.37%	34.25%	39.58%	24.94%	38.39%
Return on Net Nonoperating Assets (RNNOA)	8.95%	7.16%	6.45%	2.90%	6.77%	5.38%	5.20%	6.04%	9.08%	8.90%	8.27%
Return on Equity (ROE)	46.68%	32.63%	32.19%	29.68%	31.40%	29.41%	41.98%	31.20%	40.11%	29.98%	41.08%
Cash Return on Invested Capital (CROIC)	-6.09%	8.91%	6.48%	28.71%	37.95%	31.01%	30.96%	39.10%	42.13%	38.70%	31.99%
Operating Return on Assets (OROA)	16.40%	11.08%	11.52%	9.92%	15.14%	10.04%	12.45%	9.59%	16.48%	10.54%	12.69%
Return on Assets (ROA)	13.97%	9.10%	10.94%	9.04%	13.20%	8.79%	12.22%	9.70%	12.88%	9.33%	11.80%
Return on Common Equity (ROCE)	44.11%	30.78%	30.38%	28.01%	29.58%	27.61%	39.46%	29.21%	37.38%	27.86%	38.05%
Return on Equity Simple (ROE_SIMPLE)	41.21%	0.00%	39.30%	41.21%	40.77%	0.00%	40.92%	40.41%	39.22%	0.00%	43.70%
Net Operating Profit after Tax (NOPAT)	3,008	2,136	2,116	2,087	1,761	1,819	2,850	2,102	2,586	1,706	2,530
NOPAT Margin	27.03%	18.51%	17.85%	16.88%	15.59%	16.76%	23.85%	17.56%	23.55%	16.85%	22.87%
Net Nonoperating Expense Percent (NNEP)	-5.70%	-1.05%	-17.63%	-17.41%	-81.27%	-3.17%	-7.60%	-9.08%	-8.55%	-3.86%	-5.58%
Return On Investment Capital (ROIC_SIMPLE)	4.21%	3.08%	-	-	-	2.80%	-	-	-	2.73%	-
Cost of Revenue to Revenue	37.41%	39.96%	39.35%	38.92%	37.48%	42.71%	38.96%	41.03%	39.32%	44.57%	41.27%
SG&A Expenses to Revenue	29.72%	36.57%	39.48%	39.79%	43.58%	36.34%	33.68%	38.92%	30.02%	34.93%	30.81%
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	29.72%	36.57%	39.48%	39.79%	43.58%	36.34%	33.68%	38.92%	30.02%	34.93%	30.81%
Earnings before Interest and Taxes (EBIT)	3,913	2,695	3,001	2,634	3,654	2,267	3,140	2,492	3,982	2,322	3,035
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,180	2,971	3,269	2,903	3,916	2,538	3,430	2,773	4,268	2,629	3,342
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.55	10.79	11.67	10.61	9.93	9.53	8.92	9.70	10.23	10.73	10.07
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	6.45	5.70	6.67	5.90	5.70	5.40	5.21	5.72	5.93	6.02	5.42
Price to Earnings (P/E)	28.07	25.23	29.72	25.75	24.34	23.08	21.80	24.01	26.15	27.12	23.13
Dividend Yield	2.79%	3.12%	2.67%	2.97%	3.07%	3.22%	3.35%	3.08%	2.98%	2.94%	3.28%
Earnings Yield	3.56%	3.96%	3.36%	3.88%	4.11%	4.33%	4.59%	4.17%	3.82%	3.69%	4.32%
Enterprise Value to Invested Capital (EV/IC)	8.04	7.62	9.08	9.47	9.47	7.99	8.12	8.74	8.65	8.29	8.10
Enterprise Value to Revenue (EV/Rev)	6.73	5.95	6.86	5.98	5.73	5.53	5.28	5.79	6.05	6.21	5.57
Enterprise Value to EBITDA (EV/EBITDA)	23.70	21.45	25.18	21.72	20.85	19.44	18.15	19.64	20.98	22.41	19.07
Enterprise Value to EBIT (EV/EBIT)	25.79	23.37	27.51	23.74	22.84	21.29	19.92	21.60	23.24	25.07	21.29
Enterprise Value to NOPAT (EV/NOPAT)	33.71	34.45	40.74	32.64	31.02	27.06	25.76	28.64	30.07	29.87	27.36
Enterprise Value to Operating Cash Flow (EV/OCF)	293.72	41.16	57.55	25.05	22.05	21.81	20.02	23.02	24.95	24.22	20.58
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	91.92	152.56	33.03	23.85	25.55	26.31	21.23	18.93	20.05	24.98
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.57	1.63	1.57	1.46	1.31	1.36	1.30	1.34	1.38	1.42	1.48
Long-Term Debt to Equity	1.57	1.61	1.53	1.39	1.26	1.29	1.23	1.29	1.34	1.41	1.45
Financial Leverage	0.21	0.27	0.15	0.07	0.06	0.20	0.12	0.18	0.23	0.36	0.22
Leverage Ratio	3.61	3.68	3.64	3.63	3.59	3.57	3.64	3.66	3.56	3.69	3.77
Compound Leverage Factor	3.74	3.83	4.10	4.18	3.80	3.91	4.10	4.23	3.63	3.97	4.28
Debt to Total Capital	61.15%	62.00%	61.01%	59.35%	56.63%	57.71%	56.57%	57.18%	57.90%	58.75%	59.69%
Short-Term Debt to Total Capital	0.23%	0.93%	1.48%	2.88%	2.16%	3.02%	3.25%	1.82%	1.27%	0.64%	1.20%
Long-Term Debt to Total Capital	60.93%	61.06%	59.54%	56.48%	54.47%	54.70%	53.33%	55.36%	56.62%	58.11%	58.49%
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	2.17%	2.18%	2.27%	2.31%	2.35%	2.37%	2.35%	2.39%	2.59%	2.75%	2.69%
Common Equity to Total Capital	36.67%	35.82%	36.72%	38.34%	41.01%	39.92%	41.08%	40.42%	39.52%	38.51%	37.62%
Debt to EBITDA	3.28	3.29	3.49	3.13	2.88	2.88	2.77	2.83	2.94	3.09	2.93
Net Debt to EBITDA	0.87	0.79	0.54	0.15	-0.01	0.32	0.11	0.13	0.28	0.54	0.38
Long-Term Debt to EBITDA	3.27	3.24	3.41	2.98	2.77	2.73	2.61	2.74	2.88	3.06	2.87
Debt to NOPAT	4.67	5.29	5.65	4.70	4.29	4.01	3.93	4.12	4.22	4.12	4.20
Net Debt to NOPAT	1.23	1.27	0.88	0.23	-0.01	0.45	0.16	0.19	0.41	0.71	0.54
Long-Term Debt to NOPAT	4.65	5.21	5.51	4.48	4.13	3.80	3.70	3.99	4.13	4.07	4.11
Altman Z-Score	4.13	3.79	3.93	3.84	3.86	3.75	3.69	3.74	3.86	3.97	3.70
Noncontrolling Interest Sharing Ratio	5.51%	5.67%	5.62%	5.63%	5.78%	6.12%	6.01%	6.37%	6.79%	7.07%	7.38%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.10	1.03	1.06	1.08	1.04	1.13	1.14	1.14	1.15	1.15	1.13
Quick Ratio	0.75	0.72	0.78	0.80	0.75	0.72	0.78	0.82	0.81	0.77	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-8,402	-2,948	-3,604	1,987	4,317	2,372	2,658	5,219	7,739	6,080	3,353
Operating Cash Flow to CapEx	-1,728.24%	496.36%	-275.49%	863.86%	148.31%	324.42%	1,137.57%	1,387.89%	62.75%	434.46%	1,276.09%
Free Cash Flow to Firm to Interest Expense	-21.71	-6.84	-8.48	4.75	11.30	5.74	7.22	13.95	20.80	20.00	16.94
Operating Cash Flow to Interest Expense	-13.44	9.17	-2.96	8.58	1.38	6.46	11.68	11.95	0.43	9.70	17.79
Operating Cash Flow Less CapEx to Interest Expense	-14.22	7.32	-4.04	7.58	0.45	4.47	10.66	11.09	-0.26	7.47	16.39
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.47	0.47	0.45	0.47	0.47	0.48	0.47	0.46	0.45	0.46	0.46
Accounts Receivable Turnover	11.25	13.49	12.00	10.91	10.42	13.27	12.03	10.43	9.41	12.29	10.74
Inventory Turnover	3.63	4.00	4.09	3.90	3.81	4.28	4.62	4.43	4.30	4.71	5.10
Fixed Asset Turnover	4.75	4.82	4.95	4.84	4.81	4.80	4.97	4.61	4.43	4.35	4.39
Accounts Payable Turnover	1.02	0.99	0.90	0.96	1.05	1.19	1.12	1.19	1.26	1.19	1.21
Days Sales Outstanding (DSO)	32.44	27.06	30.42	33.44	35.03	27.51	30.35	35.00	38.77	29.70	33.98
Days Inventory Outstanding (DIO)	100.62	91.15	89.20	93.64	95.89	85.31	78.96	82.41	84.79	77.53	71.55
Days Payable Outstanding (DPO)	359.20	370.50	404.46	382.08	346.61	307.79	326.73	305.99	289.03	307.90	300.44
Cash Conversion Cycle (CCC)	-226.14	-252.28	-284.85	-254.99	-215.69	-194.97	-217.43	-188.58	-165.47	-200.66	-194.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	39,291	36,737	35,014	29,335	27,881	31,653	29,294	29,235	30,437	32,206	29,102
Invested Capital Turnover	1.40	1.38	1.44	1.59	1.58	1.43	1.54	1.43	1.32	1.25	1.43
Increase / (Decrease) in Invested Capital	11,410	5,084	5,720	100	-2,556	-553	192	-3,117	-5,153	-4,374	-823
Enterprise Value (EV)	315,750	280,084	317,901	277,683	263,922	252,940	237,784	255,565	263,309	266,867	235,867
Market Capitalization	302,661	268,203	309,405	274,201	262,470	247,228	234,815	252,343	258,089	258,766	229,570
Book Value per Share	$6.09	$5.77	$6.15	$6.00	$6.13	$6.00	$6.09	$6.02	$5.83	$5.57	$5.27
Tangible Book Value per Share	($1.29)	($1.53)	($1.44)	($1.50)	($1.35)	($1.57)	($1.52)	($1.73)	($1.93)	($2.20)	($2.34)
Total Capital	71,447	69,395	72,215	67,435	64,442	64,987	64,089	64,349	63,813	62,602	60,627
Total Debt	43,693	43,023	44,061	40,024	36,496	37,507	36,256	36,797	36,945	36,776	36,191
Total Long-Term Debt	43,530	42,375	42,994	38,085	35,104	35,547	34,176	35,626	36,134	36,377	35,462
Net Debt	11,537	10,365	6,860	1,924	-65	4,173	1,461	1,683	3,569	6,380	4,666
Capital Expenditures (CapEx)	301	796	457	415	356	823	378	322	255	679	276
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-11,254	-13,175	-15,378	-14,718	-14,421	-8,542	-9,897	-11,047	-9,961	-8,365	-9,791
Debt-free Net Working Capital (DFNWC)	2,533	1,396	2,786	4,275	2,498	5,121	5,538	4,647	4,334	3,266	3,429
Net Working Capital (NWC)	2,370	748	1,719	2,336	1,106	3,161	3,458	3,476	3,523	2,867	2,700
Net Nonoperating Expense (NNE)	-327	-77	-734	-314	-1,424	-167	-233	-419	-527	-350	-292
Net Nonoperating Obligations (NNO)	11,537	10,365	6,860	1,924	-65	4,173	1,461	1,683	3,569	6,380	4,666
Total Depreciation and Amortization (D&A)	267	276	268	269	262	271	290	281	286	307	307
Debt-free, Cash-free Net Working Capital to Revenue	-24.00%	-28.00%	-33.17%	-31.68%	-31.30%	-18.67%	-21.98%	-25.03%	-22.90%	-19.45%	-23.12%
Debt-free Net Working Capital to Revenue	5.40%	2.97%	6.01%	9.20%	5.42%	11.19%	12.30%	10.53%	9.96%	7.59%	8.10%
Net Working Capital to Revenue	5.05%	1.59%	3.71%	5.03%	2.40%	6.91%	7.68%	7.87%	8.10%	6.67%	6.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.77	$0.51	$0.66	$0.56	$0.74	$0.46	$0.71	$0.59	$0.72	$0.47	$0.65
Adjusted Weighted Average Basic Shares Outstanding	4.30B	4.31B	4.31B	4.31B	4.31B	4.32B	4.32B	4.33B	4.33B	4.33B	4.33B
Adjusted Diluted Earnings per Share	$0.77	$0.50	$0.66	$0.56	$0.74	$0.45	$0.71	$0.59	$0.72	$0.46	$0.65
Adjusted Weighted Average Diluted Shares Outstanding	4.31B	4.32B	4.32B	4.32B	4.32B	4.34B	4.34B	4.34B	4.35B	4.35B	4.35B
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	4.30B	4.30B	4.31B	4.31B	4.31B	4.31B	4.32B	4.32B	4.32B	4.33B	4.32B
Normalized Net Operating Profit after Tax (NOPAT)	3,008	2,136	2,116	2,087	1,761	1,819	2,850	2,102	2,586	1,706	2,530
Normalized NOPAT Margin	27.03%	18.51%	17.85%	16.88%	15.59%	16.76%	23.85%	17.56%	23.55%	16.85%	22.87%
Pre Tax Income Margin	36.45%	24.31%	28.51%	24.49%	34.27%	22.88%	29.59%	24.06%	36.91%	24.69%	31.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.11	6.25	7.06	6.30	9.57	5.49	8.53	6.66	10.70	7.64	15.33
NOPAT to Interest Expense	7.77	4.96	4.98	4.99	4.61	4.40	7.75	5.62	6.95	5.61	12.78
EBIT Less CapEx to Interest Expense	9.33	4.41	5.99	5.31	8.63	3.50	7.51	5.80	10.02	5.40	13.93
NOPAT Less CapEx to Interest Expense	6.99	3.11	3.90	4.00	3.68	2.41	6.72	4.76	6.27	3.38	11.39
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	77.31%	78.50%	78.18%	75.52%	73.78%	74.30%	72.25%	56.08%	58.75%	79.57%	57.45%
Augmented Payout Ratio	90.86%	95.35%	100.48%	95.04%	93.67%	95.68%	83.38%	68.37%	76.14%	94.39%	71.69%

Frequently Asked Questions About Coca-Cola's Financials

When does Coca-Cola's financial year end?

According to the most recent income statement we have on file, Coca-Cola's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Coca-Cola's net income changed over the last 9 years?

Coca-Cola's net income appears to be on an upward trend, with a most recent value of $10.65 billion in 2024, rising from $7.37 billion in 2015. The previous period was $10.70 billion in 2023. Check out Coca-Cola's forecast to explore projected trends and price targets.

What is Coca-Cola's operating income?

Coca-Cola's total operating income in 2024 was $9.99 billion, based on the following breakdown:

Total Gross Profit: $28.74 billion
Total Operating Expenses: $18.75 billion

How has Coca-Cola revenue changed over the last 9 years?

Over the last 9 years, Coca-Cola's total revenue changed from $44.29 billion in 2015 to $47.06 billion in 2024, a change of 6.2%.

How much debt does Coca-Cola have?

Coca-Cola's total liabilities were at $74.18 billion at the end of 2024, a 5.6% increase from 2023, and a 15.5% increase since 2015.

How much cash does Coca-Cola have?

In the past 9 years, Coca-Cola's cash and equivalents has ranged from $6.01 billion in 2017 to $10.83 billion in 2024, and is currently $10.83 billion as of their latest financial filing in 2024.

How has Coca-Cola's book value per share changed over the last 9 years?

Over the last 9 years, Coca-Cola's book value per share changed from 5.88 in 2015 to 5.77 in 2024, a change of -1.8%.

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This page (NYSE:KO) was last updated on 5/21/2025 by MarketBeat.com Staff

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