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CocaCola (KO) Financials

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$79.04 +0.56 (+0.71%)
As of 10:18 AM Eastern
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Annual Income Statements for CocaCola

Annual Income Statements for CocaCola

This table shows CocaCola'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 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 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
7,351 6,527 1,248 6,434 8,920 7,747 9,771 9,542 10,714 10,631 13,107
Consolidated Net Income / (Loss)
7,366 6,550 1,283 6,476 8,985 7,768 9,804 9,571 10,703 10,649 13,137
Net Income / (Loss) Continuing Operations
7,366 6,550 1,283 6,476 8,985 7,768 9,804 9,571 10,703 10,649 13,137
Total Pre-Tax Income
9,605 8,136 6,890 8,225 10,786 9,749 12,425 11,686 12,952 13,086 15,998
Total Operating Income
8,728 8,657 7,755 9,152 10,086 8,997 10,308 10,909 11,311 9,992 13,762
Total Gross Profit
26,812 25,398 22,491 21,233 22,647 19,581 23,298 25,004 27,234 28,737 29,544
Total Revenue
44,294 41,863 36,212 34,300 37,266 33,014 38,655 43,004 45,754 47,061 47,941
Operating Revenue
44,294 41,863 36,212 34,300 37,266 33,014 38,655 43,004 45,754 47,061 47,941
Total Cost of Revenue
17,482 16,465 13,721 13,067 14,619 13,433 15,357 18,000 18,520 18,324 18,397
Operating Cost of Revenue
17,482 16,465 13,721 13,067 14,619 13,433 15,357 18,000 18,520 18,324 18,397
Total Operating Expenses
18,084 16,741 14,736 12,081 12,561 10,584 12,990 14,095 15,923 18,745 15,782
Selling, General & Admin Expense
16,427 16,741 14,736 12,081 12,561 10,584 12,990 14,095 15,923 18,745 15,782
Total Other Income / (Expense), net
877 -521 -865 -927 700 752 2,117 777 1,641 3,094 2,236
Interest Expense
856 733 853 950 946 1,437 1,597 882 1,527 1,656 1,654
Interest & Investment Income
1,102 1,477 1,751 1,697 1,612 1,348 1,714 1,921 2,598 2,758 2,817
Other Income / (Expense), net
631 -1,265 -1,763 -1,674 34 841 2,000 -262 570 1,992 1,073
Income Tax Expense
2,239 1,586 5,607 1,749 1,801 1,981 2,621 2,115 2,249 2,437 2,861
Net Income / (Loss) Attributable to Noncontrolling Interest
15 23 35 42 65 21 33 29 -11 18 30
Basic Earnings per Share
$1.69 $1.51 $0.29 $1.51 $2.09 $1.80 $2.26 $2.20 $2.48 $2.47 $3.05
Weighted Average Basic Shares Outstanding
4.35B 4.32B 4.27B 4.26B 4.28B 4.30B 4.32B 4.33B 4.32B 4.31B 4.30B
Diluted Earnings per Share
$1.67 $1.49 $0.29 $1.50 $2.07 $1.79 $2.25 $2.19 $2.47 $2.46 $3.04
Weighted Average Diluted Shares Outstanding
4.41B 4.37B 4.32B 4.30B 4.31B 4.32B 4.34B 4.35B 4.34B 4.32B 4.31B
Weighted Average Basic & Diluted Shares Outstanding
4.35B 4.32B 4.30B 4.26B 4.29B 4.31B 4.34B 4.33B 4.31B 4.30B 4.30B
Cash Dividends to Common per Share
$1.32 $1.40 $1.48 $1.56 $1.60 $1.64 $1.68 $1.76 $1.84 $1.94 $2.04

Quarterly Income Statements for CocaCola

This table shows CocaCola'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
3,087 1,973 3,177 2,411 2,848 2,195 3,330 3,810 3,696 2,271 3,924
Consolidated Net Income / (Loss)
3,083 1,986 3,185 2,401 2,850 2,213 3,335 3,803 3,683 2,316 3,966
Net Income / (Loss) Continuing Operations
3,083 1,986 3,185 2,401 2,850 2,213 3,335 3,803 3,683 2,316 3,966
Total Pre-Tax Income
3,537 2,482 3,872 3,028 3,380 2,806 4,057 4,796 4,183 2,962 4,611
Total Operating Income
3,270 2,273 2,141 2,632 2,510 2,709 3,659 4,280 3,982 1,841 4,359
Total Gross Profit
7,296 6,215 7,065 7,551 7,190 6,931 6,966 7,821 7,658 7,099 7,852
Total Revenue
11,953 10,849 11,300 12,363 11,854 11,544 11,129 12,535 12,455 11,822 12,472
Operating Revenue
11,953 10,849 11,300 12,363 11,854 11,544 11,129 12,535 12,455 11,822 12,472
Total Cost of Revenue
4,657 4,634 4,235 4,812 4,664 4,613 4,163 4,714 4,797 4,723 4,620
Operating Cost of Revenue
4,657 4,634 4,235 4,812 4,664 4,613 4,163 4,714 4,797 4,723 4,620
Total Operating Expenses
4,026 3,942 4,924 4,919 4,680 4,222 3,307 3,541 3,676 5,258 3,493
Selling, General & Admin Expense
4,026 3,942 4,924 4,919 4,680 4,222 3,307 3,541 3,676 5,258 3,493
Total Other Income / (Expense), net
267 209 1,731 396 870 97 398 516 201 1,121 252
Interest Expense
368 413 382 418 425 431 387 445 391 431 375
Interest & Investment Income
765 628 600 812 804 542 531 749 829 708 606
Other Income / (Expense), net
-130 -6.00 1,513 2.00 491 -14 254 212 -237 844 21
Income Tax Expense
454 496 687 627 530 593 722 993 500 646 645
Net Income / (Loss) Attributable to Noncontrolling Interest
-4.00 13 8.00 -10 2.00 18 5.00 -7.00 -13 45 42
Basic Earnings per Share
$0.71 $0.46 $0.74 $0.56 $0.66 $0.51 $0.77 $0.89 $0.86 $0.53 $0.91
Weighted Average Basic Shares Outstanding
4.32B 4.32B 4.31B 4.31B 4.31B 4.31B 4.30B 4.30B 4.30B 4.30B 4.30B
Diluted Earnings per Share
$0.71 $0.45 $0.74 $0.56 $0.66 $0.50 $0.77 $0.88 $0.86 $0.53 $0.91
Weighted Average Diluted Shares Outstanding
4.34B 4.34B 4.32B 4.32B 4.32B 4.32B 4.31B 4.32B 4.31B 4.31B 4.31B
Weighted Average Basic & Diluted Shares Outstanding
4.32B 4.31B 4.31B 4.31B 4.31B 4.30B 4.30B 4.30B 4.30B 4.30B 4.30B
Cash Dividends to Common per Share
$0.46 - $0.49 $0.49 - - $0.51 $0.51 - - $0.53

Annual Cash Flow Statements for CocaCola

This table details how cash moves in and out of CocaCola'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 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
-1,649 1,238 -2,477 2,945 -2,581 373 2,915 5.00 -133 1,796 -478
Net Cash From Operating Activities
10,528 8,792 7,041 7,627 10,471 9,844 12,625 11,018 11,599 6,805 7,408
Net Cash From Continuing Operating Activities
10,528 8,792 7,041 7,627 10,471 9,844 12,625 11,018 11,599 6,805 7,408
Net Income / (Loss) Continuing Operations
7,366 6,550 1,283 6,476 8,985 7,768 9,804 9,571 10,703 10,649 13,137
Consolidated Net Income / (Loss)
7,366 6,550 1,283 6,476 8,985 7,768 9,804 9,571 10,703 10,649 13,137
Depreciation Expense
1,970 1,787 1,260 1,086 1,365 1,536 1,452 1,260 1,128 1,075 1,050
Non-Cash Adjustments To Reconcile Net Income
1,276 1,536 2,308 1,718 -92 -688 -1,356 -172 -1,125 -2,674 -1,140
Changes in Operating Assets and Liabilities, net
-84 -1,081 2,190 -1,653 213 1,228 2,725 359 893 -2,245 -5,639
Net Cash From Investing Activities
-6,186 -1,004 -2,312 5,927 -3,976 -1,477 -2,765 -763 -3,349 2,524 -67
Net Cash From Continuing Investing Activities
-6,186 -1,004 -2,312 5,927 -3,976 -1,477 -2,765 -763 -3,349 2,524 -67
Purchase of Property, Plant & Equipment
-2,553 -2,262 -1,750 -1,548 -2,054 -1,177 -1,367 -1,484 -1,852 -2,064 -2,112
Acquisitions
-2,491 -838 -3,809 -1,263 -5,542 -1,052 -4,766 -73 -62 -315 -461
Purchase of Investments
-15,831 -16,626 -17,296 -7,789 -4,704 -13,583 -6,030 -3,751 -6,698 -5,640 -6,160
Sale of Property, Plant & Equipment
85 150 108 248 978 189 108 75 74 40 13
Divestitures
565 1,035 3,821 1,362 429 189 2,180 458 430 3,485 3,567
Sale and/or Maturity of Investments
14,079 17,842 16,694 14,977 6,973 13,835 7,059 4,771 4,354 6,589 4,665
Other Investing Activities, net
-40 -305 -80 -60 -56 122 51 -759 405 429 421
Net Cash From Financing Activities
-5,113 -6,545 -7,447 -10,347 -9,004 -8,070 -6,786 -10,250 -8,310 -6,910 -8,140
Net Cash From Continuing Financing Activities
-5,113 -6,545 -7,447 -10,347 -9,004 -8,070 -6,786 -10,250 -8,310 -6,910 -8,140
Repayment of Debt
-37,487 -25,536 -28,966 -30,872 -25,077 -28,486 -13,219 -6,025 -5,499 -9,564 -5,246
Repurchase of Common Equity
-3,564 -3,681 -3,682 -1,912 -1,103 -118 -111 -1,418 -2,289 -1,795 -746
Payment of Dividends
-5,741 -6,043 -6,320 -6,644 -6,845 -7,047 -7,252 -7,616 -7,952 -8,359 -8,779
Issuance of Debt
40,434 27,281 29,926 27,605 23,009 26,934 13,094 3,972 6,891 12,061 4,980
Issuance of Common Equity
1,245 1,434 1,595 1,476 1,012 647 702 837 539 747 1,651
Effect of Exchange Rate Changes
-878 -5.00 241 -262 -72 76 -159 - -73 -623 321

Quarterly Cash Flow Statements for CocaCola

This table details how cash moves in and out of CocaCola'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
-642 -2,445 1,126 3,452 -109 -2,050 -2,674 1,389 3,161 -2,354 -15
Net Cash From Operating Activities
4,300 2,670 528 3,585 -1,259 3,951 -5,202 3,811 5,043 3,756 2,021
Net Cash From Continuing Operating Activities
4,300 2,670 528 3,585 -1,259 3,951 -5,202 3,811 5,043 3,756 2,021
Net Income / (Loss) Continuing Operations
3,083 1,986 3,185 2,401 2,850 2,213 3,335 3,803 3,683 2,316 3,966
Consolidated Net Income / (Loss)
3,083 1,986 3,185 2,401 2,850 2,213 3,335 3,803 3,683 2,316 3,966
Depreciation Expense
290 271 262 269 268 276 267 279 268 236 264
Non-Cash Adjustments To Reconcile Net Income
-307 162 -1,433 -252 -727 -262 -378 37 -136 -663 -161
Changes in Operating Assets and Liabilities, net
1,234 251 -1,486 1,167 -3,650 1,724 -8,426 -308 1,228 1,867 -2,048
Net Cash From Investing Activities
-1,657 -926 330 667 2,310 -783 -1,067 789 1,255 -1,044 1,746
Net Cash From Continuing Investing Activities
-1,657 -926 330 667 2,310 -783 -1,067 789 1,255 -1,044 1,746
Purchase of Property, Plant & Equipment
-386 -851 -370 -422 -469 -803 -309 -442 -479 -882 -266
Acquisitions
-2.00 -17 -8.00 -17 -128 -162 -42 -137 -177 -105 -37
Purchase of Investments
-2,485 -2,110 -2,552 -1,275 -571 -1,242 -2,507 -358 -427 -2,868 -1,459
Sale of Property, Plant & Equipment
8.00 28 14 7.00 12 7.00 8.00 5.00 8.00 -8.00 2.00
Divestitures
7.00 103 2,893 14 561 17 748 225 47 2,547 0.00
Sale and/or Maturity of Investments
1,284 1,462 444 2,218 2,463 1,464 1,005 1,196 2,099 365 3,503
Other Investing Activities, net
-83 459 -91 142 442 -64 30 300 184 -93 3.00
Net Cash From Financing Activities
-3,087 -4,225 406 -938 -894 -5,484 3,432 -3,380 -3,140 -5,052 -3,868
Net Cash From Continuing Financing Activities
-3,087 -4,225 406 -938 -894 -5,484 3,432 -3,380 -3,140 -5,052 -3,868
Repayment of Debt
-2,429 -248 -1,368 -3,375 -3,196 -1,625 -1,704 -1,032 -1,691 -819 -1,265
Repurchase of Common Equity
-109 -1,096 -702 -172 -354 -567 -370 -102 -172 -102 -477
Payment of Dividends
-1,989 -3,874 -99 -2,085 -2,090 -4,085 -89 -2,194 -2,108 -4,388 -2,281
Issuance of Debt
1,375 878 2,285 4,547 4,466 763 5,436 -116 -466 126 0.00
Issuance of Common Equity
65 115 290 147 280 30 159 64 1,297 131 155
Effect of Exchange Rate Changes
- - -138 - - - 163 169 3.00 -14 86

Annual Balance Sheets for CocaCola

This table presents CocaCola'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 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
89,996 87,270 87,896 83,216 86,381 87,296 94,354 92,763 97,703 100,549 104,816
Total Current Assets
33,395 34,010 36,545 24,930 20,411 19,240 22,545 22,591 26,732 25,997 31,044
Cash & Equivalents
7,309 8,555 6,006 9,077 6,480 6,795 9,684 9,519 9,366 10,828 10,270
Short-Term Investments
12,591 13,646 14,669 7,038 4,695 4,119 2,941 2,112 4,297 3,743 5,536
Accounts Receivable
3,941 3,856 3,667 3,685 3,971 3,144 3,512 3,487 3,410 3,569 3,038
Inventories, net
2,902 2,675 2,655 3,071 3,379 3,266 3,414 4,233 4,424 4,728 4,425
Prepaid Expenses
2,752 2,481 2,000 2,059 1,886 1,916 2,994 3,240 5,235 2,998 2,433
Other Current Nonoperating Assets
3,900 0.00 7,329 - - - - - - 131 5,342
Plant, Property, & Equipment, net
12,571 10,635 8,203 9,598 10,838 10,777 9,920 9,841 9,236 10,303 9,613
Total Noncurrent Assets
44,030 42,625 43,148 48,688 55,132 57,279 61,889 60,331 61,735 64,249 64,159
Long-Term Investments
15,788 17,249 21,952 20,279 19,879 20,085 18,416 18,765 19,671 18,087 20,235
Goodwill
11,289 10,629 9,401 14,109 16,764 17,506 19,363 18,782 18,358 18,139 15,491
Intangible Assets
12,843 10,499 7,235 7,478 10,002 11,044 15,250 14,849 14,349 13,301 12,531
Noncurrent Deferred & Refundable Income Taxes
- - 330 2,674 2,412 2,460 2,129 1,746 1,561 1,319 1,206
Other Noncurrent Operating Assets
4,110 4,248 4,230 4,148 6,075 6,184 6,731 6,189 7,796 13,403 14,696
Total Liabilities & Shareholders' Equity
89,996 87,270 87,896 83,216 86,381 87,296 94,354 92,763 97,703 100,549 104,816
Total Liabilities
64,232 64,050 68,919 64,158 65,283 66,012 69,494 66,937 70,223 74,177 70,541
Total Current Liabilities
26,929 26,532 27,194 28,782 26,973 14,601 19,950 19,724 23,571 25,249 21,281
Short-Term Debt
15,805 16,025 16,503 18,838 15,247 2,668 4,645 399 1,960 648 1,822
Accounts Payable
9,660 9,490 8,748 9,533 11,312 11,145 14,619 15,749 15,485 21,712 14,813
Current Deferred & Payable Income Tax Liabilities
331 307 410 411 414 788 686 1,203 1,569 1,387 525
Other Current Liabilities
- - - - - - - 2,373 4,557 1,499 1,551
Other Current Nonoperating Liabilities
1,133 710 1,533 - - - - - - 3.00 2,570
Total Noncurrent Liabilities
37,303 37,518 41,725 35,376 38,310 51,411 49,544 47,213 46,652 48,928 49,260
Long-Term Debt
28,311 29,684 31,182 25,376 27,516 40,125 38,116 36,377 35,547 42,375 42,119
Noncurrent Deferred & Payable Income Tax Liabilities
4,691 3,753 2,522 2,354 2,284 1,833 2,821 2,914 2,639 2,469 2,406
Other Noncurrent Operating Liabilities
4,301 4,081 8,021 7,646 8,510 9,453 8,607 7,922 8,466 4,084 4,735
Total Equity & Noncontrolling Interests
25,764 23,220 18,977 19,058 21,098 21,284 24,860 25,826 27,480 26,372 34,275
Total Preferred & Common Equity
25,554 23,062 17,072 16,981 18,981 19,299 22,999 24,105 25,941 24,856 32,169
Total Common Equity
25,554 23,062 17,072 16,981 18,981 19,299 22,999 24,105 25,941 24,856 32,169
Common Stock
15,776 16,753 17,624 18,280 18,914 19,361 19,876 20,582 20,969 21,561 22,341
Retained Earnings
65,018 65,502 60,430 63,234 65,855 66,555 69,094 71,019 73,782 76,054 80,382
Treasury Stock
-45,066 -47,988 -50,677 -51,719 -52,244 -52,016 -51,641 -52,601 -54,535 -55,916 -56,423
Accumulated Other Comprehensive Income / (Loss)
-10,174 -11,205 -10,305 -12,814 -13,544 -14,601 -14,330 -14,895 -14,275 -16,843 -14,131
Noncontrolling Interest
210 158 1,905 2,077 2,117 1,985 1,861 1,721 1,539 1,516 2,106

Quarterly Balance Sheets for CocaCola

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

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 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 4/3/2026
Total Assets
98,456 97,578 97,703 99,392 101,202 106,266 100,549 101,716 104,333 106,045 104,217
Total Current Assets
27,591 27,867 26,732 29,462 31,599 30,288 25,997 26,178 26,609 27,247 30,390
Cash & Equivalents
12,564 11,883 9,366 10,443 13,708 13,938 10,828 8,417 9,590 12,732 10,574
Short-Term Investments
3,130 3,552 4,297 6,476 5,285 4,226 3,743 5,370 4,707 3,049 3,246
Accounts Receivable
3,970 3,495 3,410 4,244 4,545 4,233 3,569 4,091 4,168 3,946 3,675
Inventories, net
4,646 4,252 4,424 4,961 4,763 4,714 4,728 5,102 5,082 4,802 4,730
Prepaid Expenses
3,281 4,685 5,235 3,338 3,298 3,177 3,129 3,198 3,062 2,718 2,953
Other Current Nonoperating Assets
- - - - - - - - - - 5,212
Plant, Property, & Equipment, net
9,706 8,860 9,236 9,306 9,508 9,864 10,303 10,431 10,784 10,902 9,522
Total Noncurrent Assets
61,159 60,851 61,735 60,624 60,095 66,114 64,249 65,107 66,940 67,896 64,305
Long-Term Investments
19,420 19,360 19,671 19,642 19,107 19,037 18,087 18,369 19,379 20,323 20,403
Goodwill
18,545 18,144 18,358 18,210 18,324 18,686 18,139 18,333 18,663 18,662 15,411
Intangible Assets
14,941 14,741 14,349 14,024 13,981 14,059 13,301 13,425 13,615 13,515 12,463
Noncurrent Deferred & Refundable Income Taxes
1,661 1,575 1,561 1,457 1,409 1,428 1,319 1,311 1,325 1,267 1,141
Other Noncurrent Operating Assets
6,592 7,031 7,796 7,291 7,274 12,904 13,403 13,669 13,958 14,129 14,887
Total Liabilities & Shareholders' Equity
98,456 97,578 97,703 99,392 101,202 106,266 100,549 101,716 104,333 106,045 104,217
Total Liabilities
70,904 69,745 70,223 71,446 73,791 78,112 74,177 73,962 74,151 72,778 68,483
Total Current Liabilities
24,115 24,409 23,571 28,356 29,263 28,569 25,249 23,808 21,944 22,499 22,378
Short-Term Debt
1,171 2,080 1,960 1,392 1,939 1,067 648 163 91 1,920 4,493
Accounts Payable
16,483 16,837 15,485 19,425 21,909 23,820 21,715 16,499 17,030 17,692 14,409
Current Deferred & Payable Income Tax Liabilities
1,633 1,577 1,569 1,485 1,622 1,479 1,387 1,728 444 568 717
Other Current Liabilities
4,828 3,915 4,557 6,054 3,793 2,203 1,499 5,418 4,379 2,319 332
Other Current Nonoperating Liabilities
- - - - - - - - - - 2,427
Total Noncurrent Liabilities
46,789 45,336 46,652 43,090 44,528 49,543 48,928 50,154 52,207 50,279 46,105
Long-Term Debt
35,626 34,176 35,547 35,104 38,085 42,994 42,375 43,530 44,976 43,177 39,065
Noncurrent Deferred & Payable Income Tax Liabilities
2,714 2,733 2,639 2,521 2,366 2,292 2,469 2,311 2,375 2,435 2,615
Other Noncurrent Operating Liabilities
8,449 8,427 8,466 5,465 4,077 4,257 4,084 4,313 4,856 4,667 4,425
Total Equity & Noncontrolling Interests
27,552 27,833 27,480 27,946 27,411 28,154 26,372 27,754 30,182 33,267 35,734
Total Preferred & Common Equity
26,013 26,325 25,941 26,429 25,853 26,518 24,856 26,202 28,585 31,247 33,633
Total Common Equity
26,013 26,325 25,941 26,429 25,853 26,518 24,856 26,202 28,585 31,247 33,633
Common Stock
20,753 20,841 20,969 21,081 21,228 21,470 21,561 21,633 21,730 22,249 22,394
Retained Earnings
72,695 73,793 73,782 74,868 75,189 75,946 76,054 77,189 78,803 80,305 82,026
Treasury Stock
-53,418 -53,494 -54,535 -55,016 -55,106 -55,362 -55,916 -56,138 -56,190 -56,355 -56,747
Accumulated Other Comprehensive Income / (Loss)
-14,017 -14,815 -14,275 -14,504 -15,458 -15,536 -16,843 -16,482 -15,758 -14,952 -14,040
Noncontrolling Interest
1,539 1,508 1,539 1,517 1,558 1,636 1,516 1,552 1,597 2,020 2,101

Annual Metrics And Ratios for CocaCola

This table displays calculated financial ratios and metrics derived from CocaCola's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
- - - - - - - - - - 4,301,608,845.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 4,301,608,845.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - 3.05
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-3.70% -5.49% -13.50% -5.28% 8.65% -11.41% 17.09% 11.25% 6.39% 2.86% 1.87%
EBITDA Growth
8.71% -18.98% -20.99% 18.09% 34.11% -0.97% 20.98% -13.47% 9.26% 0.38% 21.64%
EBIT Growth
10.82% -21.02% -18.94% 24.80% 35.33% -2.79% 25.11% -13.50% 11.59% 0.87% 23.79%
NOPAT Growth
-9.75% 4.12% -79.28% 399.00% 16.60% -14.68% 13.46% 9.85% 4.61% -13.01% 38.98%
Net Income Growth
3.40% -11.08% -80.41% 404.75% 38.74% -13.54% 26.21% -2.38% 11.83% -0.50% 23.36%
EPS Growth
4.38% -10.78% -80.54% 417.24% 38.00% -13.53% 25.70% -2.67% 12.79% -0.40% 23.58%
Operating Cash Flow Growth
-0.82% -16.49% -19.92% 8.32% 37.29% -5.99% 28.25% -12.73% 5.27% -41.33% 8.86%
Free Cash Flow Firm Growth
19.27% -29.59% 63.23% -110.70% 272.55% 178.94% -32.85% 187.35% -25.61% -69.22% 167.92%
Invested Capital Growth
-13.63% -3.93% -39.58% 47.37% 22.06% 0.83% 10.59% -11.96% -1.72% 16.06% 7.63%
Revenue Q/Q Growth
-1.93% -1.39% -2.94% 0.48% 1.61% -1.37% 2.26% 1.56% 1.61% 1.50% 0.58%
EBITDA Q/Q Growth
6.09% -10.41% 5.35% -0.31% 14.31% 1.26% 2.02% -3.75% -0.69% 3.43% -0.31%
EBIT Q/Q Growth
7.12% -11.96% 9.06% 0.38% 14.96% 1.15% 3.02% -3.88% -0.46% 3.70% -0.07%
NOPAT Q/Q Growth
2.39% 0.33% -73.70% 147.13% 1.36% -4.66% -0.71% 3.66% 1.26% 4.19% -6.11%
Net Income Q/Q Growth
6.74% -9.52% -71.78% 128.67% 14.50% -7.07% 11.06% -3.95% -0.65% 2.18% 0.79%
EPS Q/Q Growth
6.37% -9.70% -72.12% 123.88% 15.00% -6.77% 10.29% -3.95% -0.40% 2.07% 1.00%
Operating Cash Flow Q/Q Growth
-4.52% -0.78% -11.22% 11.04% 7.86% 10.36% -1.79% -3.87% -2.36% 23.19% -2.56%
Free Cash Flow Firm Q/Q Growth
-2.53% -23.99% -2.89% -103.34% 105.82% -40.08% -5.05% 40.94% 9.53% 46.23% 77.57%
Invested Capital Q/Q Growth
-1.61% 7.46% -7.83% 233.20% 7.20% 24.30% 22.24% 10.67% 8.05% 4.92% -6.76%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
60.53% 60.67% 62.11% 61.90% 60.77% 59.31% 60.27% 58.14% 59.52% 61.06% 61.63%
EBITDA Margin
25.58% 21.93% 20.03% 24.97% 30.82% 34.45% 35.60% 27.69% 28.43% 27.75% 33.13%
Operating Margin
19.70% 20.68% 21.42% 26.68% 27.06% 27.25% 26.67% 25.37% 24.72% 21.23% 28.71%
EBIT Margin
21.13% 17.66% 16.55% 21.80% 27.16% 29.80% 31.84% 24.76% 25.97% 25.46% 30.94%
Profit (Net Income) Margin
16.63% 15.65% 3.54% 18.88% 24.11% 23.53% 25.36% 22.26% 23.39% 22.63% 27.40%
Tax Burden Percent
76.69% 80.51% 18.62% 78.74% 83.30% 79.68% 78.91% 81.90% 82.64% 81.38% 82.12%
Interest Burden Percent
102.63% 110.06% 114.99% 109.99% 106.58% 99.10% 100.95% 109.76% 109.01% 109.20% 107.84%
Effective Tax Rate
23.31% 19.49% 81.38% 21.26% 16.70% 20.32% 21.09% 18.10% 17.36% 18.62% 17.88%
Return on Invested Capital (ROIC)
19.74% 22.62% 5.96% 31.94% 28.15% 21.76% 23.35% 25.98% 29.27% 23.78% 29.73%
ROIC Less NNEP Spread (ROIC-NNEP)
31.45% 15.98% 0.79% 11.33% 34.13% 26.86% 37.56% 33.01% 54.97% 58.42% 53.63%
Return on Net Nonoperating Assets (RNNOA)
6.41% 4.12% 0.12% 2.11% 16.60% 14.90% 19.14% 11.79% 10.88% 15.77% 13.59%
Return on Equity (ROE)
26.16% 26.74% 6.08% 34.05% 44.75% 36.66% 42.49% 37.77% 40.16% 39.55% 43.32%
Cash Return on Invested Capital (CROIC)
34.37% 26.64% 55.32% -6.35% 8.29% 20.94% 13.30% 38.70% 31.01% 8.91% 22.38%
Operating Return on Assets (OROA)
10.28% 8.34% 6.84% 8.74% 11.93% 11.33% 13.55% 11.38% 12.48% 12.09% 14.45%
Return on Assets (ROA)
8.09% 7.39% 1.46% 7.57% 10.60% 8.95% 10.79% 10.23% 11.24% 10.74% 12.79%
Return on Common Equity (ROCE)
25.95% 26.54% 5.78% 30.49% 40.08% 33.11% 38.95% 35.10% 37.70% 37.31% 40.74%
Return on Equity Simple (ROE_SIMPLE)
28.83% 28.40% 7.52% 38.14% 47.34% 40.25% 42.63% 39.71% 41.26% 42.84% 0.00%
Net Operating Profit after Tax (NOPAT)
6,693 6,969 1,444 7,206 8,402 7,169 8,134 8,935 9,347 8,131 11,301
NOPAT Margin
15.11% 16.65% 3.99% 21.01% 22.55% 21.71% 21.04% 20.78% 20.43% 17.28% 23.57%
Net Nonoperating Expense Percent (NNEP)
-11.71% 6.64% 5.17% 20.61% -5.97% -5.10% -14.21% -7.03% -25.70% -34.64% -23.90%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 14.27% 14.38% 11.72% 14.45%
Cost of Revenue to Revenue
39.47% 39.33% 37.89% 38.10% 39.23% 40.69% 39.73% 41.86% 40.48% 38.94% 38.37%
SG&A Expenses to Revenue
37.09% 39.99% 40.69% 35.22% 33.71% 32.06% 33.61% 32.78% 34.80% 39.83% 32.92%
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
40.83% 39.99% 40.69% 35.22% 33.71% 32.06% 33.61% 32.78% 34.80% 39.83% 32.92%
Earnings before Interest and Taxes (EBIT)
9,359 7,392 5,992 7,478 10,120 9,838 12,308 10,647 11,881 11,984 14,835
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
11,329 9,179 7,252 8,564 11,485 11,374 13,760 11,907 13,009 13,059 15,885
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
5.58 6.11 9.32 10.00 10.86 10.97 10.31 10.73 9.53 10.79 9.35
Price to Tangible Book Value (P/TBV)
100.21 72.81 364.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 72.52
Price to Revenue (P/Rev)
3.22 3.36 4.39 4.95 5.53 6.41 6.13 6.02 5.40 5.70 6.27
Price to Earnings (P/E)
19.39 21.58 127.50 26.38 23.10 27.34 24.26 27.12 23.08 25.23 22.94
Dividend Yield
4.03% 4.29% 3.96% 3.91% 3.33% 3.33% 3.06% 2.94% 3.22% 3.12% 2.92%
Earnings Yield
5.16% 4.64% 0.78% 3.79% 4.33% 3.66% 4.12% 3.69% 4.33% 3.96% 4.36%
Enterprise Value to Invested Capital (EV/IC)
4.81 4.88 9.11 6.68 6.70 6.82 6.85 8.29 7.99 7.62 7.89
Enterprise Value to Revenue (EV/Rev)
3.41 3.52 4.59 5.24 5.90 6.83 6.48 6.21 5.53 5.95 6.48
Enterprise Value to EBITDA (EV/EBITDA)
13.34 16.04 22.90 20.97 19.14 19.83 18.21 22.41 19.44 21.45 19.56
Enterprise Value to EBIT (EV/EBIT)
16.15 19.92 27.72 24.02 21.73 22.93 20.36 25.07 21.29 23.37 20.95
Enterprise Value to NOPAT (EV/NOPAT)
22.58 21.13 115.01 24.93 26.17 31.46 30.82 29.87 27.06 34.45 27.50
Enterprise Value to Operating Cash Flow (EV/OCF)
14.36 16.75 23.59 23.55 21.00 22.91 19.85 24.22 21.81 41.16 41.95
Enterprise Value to Free Cash Flow (EV/FCFF)
12.97 17.94 12.40 0.00 88.91 32.70 54.11 20.05 25.55 91.92 36.53
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.71 1.97 2.51 2.32 2.03 2.01 1.72 1.42 1.36 1.63 1.28
Long-Term Debt to Equity
1.10 1.28 1.64 1.33 1.30 1.89 1.53 1.41 1.29 1.61 1.23
Financial Leverage
0.20 0.26 0.15 0.19 0.49 0.55 0.51 0.36 0.20 0.27 0.25
Leverage Ratio
3.23 3.62 4.15 4.50 4.22 4.10 3.94 3.69 3.57 3.68 3.39
Compound Leverage Factor
3.32 3.98 4.77 4.95 4.50 4.06 3.97 4.05 3.90 4.02 3.65
Debt to Total Capital
63.13% 66.31% 71.53% 69.88% 66.96% 66.78% 63.24% 58.75% 57.71% 62.00% 56.18%
Short-Term Debt to Total Capital
22.62% 23.25% 24.76% 29.77% 23.88% 4.16% 6.87% 0.64% 3.02% 0.93% 2.33%
Long-Term Debt to Total Capital
40.51% 43.06% 46.78% 40.11% 43.09% 62.62% 56.37% 58.11% 54.70% 61.06% 53.85%
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
0.30% 0.23% 2.86% 3.28% 3.32% 3.10% 2.75% 2.75% 2.37% 2.18% 2.69%
Common Equity to Total Capital
36.57% 33.46% 25.61% 26.84% 29.72% 30.12% 34.01% 38.51% 39.92% 35.82% 41.13%
Debt to EBITDA
3.89 4.98 6.58 5.16 3.72 3.76 3.11 3.09 2.88 3.29 2.77
Net Debt to EBITDA
0.74 0.68 0.70 0.91 1.02 1.04 0.85 0.54 0.32 0.79 0.50
Long-Term Debt to EBITDA
2.50 3.23 4.30 2.96 2.40 3.53 2.77 3.06 2.73 3.24 2.65
Debt to NOPAT
6.59 6.56 33.02 6.14 5.09 5.97 5.26 4.12 4.01 5.29 3.89
Net Debt to NOPAT
1.26 0.90 3.50 1.09 1.39 1.65 1.44 0.71 0.45 1.27 0.70
Long-Term Debt to NOPAT
4.23 4.26 21.59 3.52 3.28 5.60 4.69 4.07 3.80 5.21 3.73
Altman Z-Score
3.26 3.23 3.11 3.30 3.69 3.81 3.95 4.27 4.08 4.10 4.67
Noncontrolling Interest Sharing Ratio
0.80% 0.75% 4.89% 10.47% 10.44% 9.68% 8.33% 7.07% 6.12% 5.67% 5.97%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.24 1.28 1.34 0.87 0.76 1.32 1.13 1.15 1.13 1.03 1.46
Quick Ratio
0.89 0.98 0.90 0.69 0.56 0.96 0.81 0.77 0.72 0.72 0.89
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
11,653 8,205 13,394 -1,433 2,473 6,898 4,632 13,309 9,900 3,047 8,507
Operating Cash Flow to CapEx
426.58% 416.29% 428.81% 586.69% 973.14% 996.36% 1,002.78% 781.97% 652.36% 336.22% 352.93%
Free Cash Flow to Firm to Interest Expense
13.61 11.19 15.70 -1.51 2.61 4.80 2.90 15.09 6.48 1.84 5.14
Operating Cash Flow to Interest Expense
12.30 11.99 8.25 8.03 11.07 6.85 7.91 12.49 7.60 4.11 4.48
Operating Cash Flow Less CapEx to Interest Expense
9.42 9.11 6.33 6.66 9.93 6.16 7.12 10.89 6.43 2.89 3.21
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.49 0.47 0.41 0.40 0.44 0.38 0.43 0.46 0.48 0.47 0.47
Accounts Receivable Turnover
10.54 10.74 9.63 9.33 9.74 9.28 11.62 12.29 13.27 13.49 14.51
Inventory Turnover
5.83 5.90 5.15 4.56 4.53 4.04 4.60 4.71 4.28 4.00 4.02
Fixed Asset Turnover
3.26 3.61 3.84 3.85 3.65 3.05 3.74 4.35 4.80 4.82 4.81
Accounts Payable Turnover
1.85 1.72 1.50 1.43 1.40 1.20 1.19 1.19 1.19 0.99 1.01
Days Sales Outstanding (DSO)
34.64 33.99 37.91 39.12 37.49 39.33 31.42 29.70 27.51 27.06 25.15
Days Inventory Outstanding (DIO)
62.66 61.82 70.89 79.97 80.52 90.28 79.38 77.53 85.31 91.15 90.80
Days Payable Outstanding (DPO)
197.24 212.26 242.58 255.32 260.22 305.10 306.18 307.90 307.79 370.50 362.33
Cash Conversion Cycle (CCC)
-99.95 -116.45 -133.77 -136.23 -142.21 -175.49 -195.37 -200.66 -194.97 -252.28 -246.38
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
31,425 30,189 18,239 26,878 32,807 33,078 36,580 32,206 31,653 36,737 39,403
Invested Capital Turnover
1.31 1.36 1.50 1.52 1.25 1.00 1.11 1.25 1.43 1.38 1.26
Increase / (Decrease) in Invested Capital
-4,960 -1,236 -11,950 8,639 5,929 271 3,502 -4,374 -553 5,084 2,794
Enterprise Value (EV)
151,143 147,237 166,083 179,629 219,867 225,546 250,637 266,867 252,940 280,084 310,731
Market Capitalization
142,505 140,820 159,120 169,732 206,041 211,767 237,056 258,766 247,228 268,203 300,725
Book Value per Share
$5.88 $5.35 $4.01 $3.99 $4.43 $4.49 $5.32 $5.57 $6.00 $5.77 $7.48
Tangible Book Value per Share
$0.33 $0.45 $0.10 ($1.08) ($1.82) ($2.15) ($2.69) ($2.20) ($1.57) ($1.53) $0.96
Total Capital
69,880 68,929 66,662 63,272 63,861 64,077 67,621 62,602 64,987 69,395 78,216
Total Debt
44,116 45,709 47,685 44,214 42,763 42,793 42,761 36,776 37,507 43,023 43,941
Total Long-Term Debt
28,311 29,684 31,182 25,376 27,516 40,125 38,116 36,377 35,547 42,375 42,119
Net Debt
8,428 6,259 5,058 7,820 11,709 11,794 11,720 6,380 4,173 10,365 7,900
Capital Expenditures (CapEx)
2,468 2,112 1,642 1,300 1,076 988 1,259 1,409 1,778 2,024 2,099
Debt-free, Cash-free Net Working Capital (DFCFNWC)
2,371 1,302 5,179 -1,129 -2,490 -3,607 -5,385 -8,365 -8,542 -13,175 -4,221
Debt-free Net Working Capital (DFNWC)
22,271 23,503 25,854 14,986 8,685 7,307 7,240 3,266 5,121 1,396 11,585
Net Working Capital (NWC)
6,466 7,478 9,351 -3,852 -6,562 4,639 2,595 2,867 3,161 748 9,763
Net Nonoperating Expense (NNE)
-673 419 161 730 -583 -599 -1,670 -636 -1,356 -2,518 -1,836
Net Nonoperating Obligations (NNO)
5,661 6,969 -738 7,820 11,709 11,794 11,720 6,380 4,173 10,365 5,128
Total Depreciation and Amortization (D&A)
1,970 1,787 1,260 1,086 1,365 1,536 1,452 1,260 1,128 1,075 1,050
Debt-free, Cash-free Net Working Capital to Revenue
5.35% 3.11% 14.30% -3.29% -6.68% -10.93% -13.93% -19.45% -18.67% -28.00% -8.80%
Debt-free Net Working Capital to Revenue
50.28% 56.14% 71.40% 43.69% 23.31% 22.13% 18.73% 7.59% 11.19% 2.97% 24.17%
Net Working Capital to Revenue
14.60% 17.86% 25.82% -11.23% -17.61% 14.05% 6.71% 6.67% 6.91% 1.59% 20.36%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.69 $1.51 $0.29 $1.51 $2.09 $1.80 $2.26 $2.20 $2.48 $2.47 $3.05
Adjusted Weighted Average Basic Shares Outstanding
4.35B 4.32B 4.27B 4.26B 4.28B 4.30B 4.32B 4.33B 4.32B 4.31B 4.30B
Adjusted Diluted Earnings per Share
$1.67 $1.49 $0.29 $1.50 $2.07 $1.79 $2.25 $2.19 $2.47 $2.46 $3.04
Adjusted Weighted Average Diluted Shares Outstanding
4.41B 4.37B 4.32B 4.30B 4.31B 4.32B 4.34B 4.35B 4.34B 4.32B 4.31B
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
4.33B 4.29B 4.27B 4.28B 4.29B 4.31B 4.34B 4.33B 4.31B 4.30B 4.30B
Normalized Net Operating Profit after Tax (NOPAT)
7,964 6,969 5,429 7,206 8,402 7,169 8,134 8,935 9,347 8,131 11,301
Normalized NOPAT Margin
17.98% 16.65% 14.99% 21.01% 22.55% 21.71% 21.04% 20.78% 20.43% 17.28% 23.57%
Pre Tax Income Margin
21.68% 19.43% 19.03% 23.98% 28.94% 29.53% 32.14% 27.17% 28.31% 27.81% 33.37%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
10.93 10.08 7.02 7.87 10.70 6.85 7.71 12.07 7.78 7.24 8.97
NOPAT to Interest Expense
7.82 9.51 1.69 7.59 8.88 4.99 5.09 10.13 6.12 4.91 6.83
EBIT Less CapEx to Interest Expense
8.05 7.20 5.10 6.50 9.56 6.16 6.92 10.47 6.62 6.01 7.70
NOPAT Less CapEx to Interest Expense
4.94 6.63 -0.23 6.22 7.74 4.30 4.30 8.53 4.96 3.69 5.56
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
77.94% 92.26% 492.60% 102.59% 76.18% 90.72% 73.97% 79.57% 74.30% 78.50% 66.83%
Augmented Payout Ratio
126.32% 148.46% 779.58% 132.12% 88.46% 92.24% 75.10% 94.39% 95.68% 95.35% 72.51%

Quarterly Metrics And Ratios for CocaCola

This table displays calculated financial ratios and metrics derived from CocaCola'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
- - - - - - - - - 4,301,608,845.00 4,300,723,069.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 4,301,608,845.00 4,300,723,069.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - 0.53 0.91
Growth Metrics
- - - - - - - - - - -
Revenue Growth
8.04% 7.15% 2.91% 3.27% -0.83% 6.41% -1.51% 1.39% 5.07% 2.41% 12.07%
EBITDA Growth
2.63% -3.46% -8.25% 4.69% -4.69% 17.06% 6.74% 64.35% 22.76% -1.68% 11.10%
EBIT Growth
3.46% -2.37% -8.24% 5.70% -4.43% 18.88% 7.09% 70.54% 24.79% -0.37% 11.93%
NOPAT Growth
12.65% 6.58% -31.90% -0.70% -25.75% 17.47% 70.79% 62.62% 65.66% -32.62% 24.65%
Net Income Growth
9.25% -3.40% 2.31% -4.76% -7.56% 11.43% 4.71% 58.39% 29.23% 4.65% 18.92%
EPS Growth
9.23% -2.17% 2.78% -5.08% -7.04% 11.11% 4.05% 57.14% 30.30% 6.00% 18.18%
Operating Cash Flow Growth
22.09% -9.49% 230.00% -19.78% -129.28% 47.98% -1,085.23% 6.30% 500.56% -4.94% 138.85%
Free Cash Flow Firm Growth
-20.73% -60.99% -44.22% -61.93% -235.56% -224.27% -294.62% -545.10% -3.79% 51.96% 109.00%
Invested Capital Growth
0.66% -1.72% -8.40% 0.34% 19.53% 16.06% 40.92% 41.72% 20.69% 7.63% 7.62%
Revenue Q/Q Growth
-0.16% -9.24% 4.16% 9.41% -4.12% -2.62% -3.59% 12.63% -0.64% -5.08% 5.50%
EBITDA Q/Q Growth
23.69% -26.01% 54.29% -25.87% 12.61% -9.12% 40.69% 14.14% -15.89% -27.21% 58.99%
EBIT Q/Q Growth
26.00% -27.80% 61.18% -27.91% 13.93% -10.20% 45.19% 14.80% -16.63% -28.30% 63.13%
NOPAT Q/Q Growth
35.62% -36.19% -3.17% 18.50% 1.41% 0.95% 40.78% 12.83% 3.31% -58.94% 160.46%
Net Income Q/Q Growth
22.29% -35.58% 60.37% -24.62% 18.70% -22.35% 50.70% 14.03% -3.16% -37.12% 71.24%
EPS Q/Q Growth
20.34% -36.62% 64.44% -24.32% 17.86% -24.24% 54.00% 14.29% -2.27% -38.37% 71.70%
Operating Cash Flow Q/Q Growth
-3.78% -37.91% -80.22% 578.98% -135.12% 413.82% -231.66% 173.26% 32.33% -25.52% -46.19%
Free Cash Flow Firm Q/Q Growth
-49.06% -10.78% 73.39% -53.97% -281.36% 18.21% -185.06% -5.26% 57.71% 63.78% 155.83%
Invested Capital Q/Q Growth
0.20% 8.05% -11.59% 5.22% 19.36% 4.92% 6.95% 5.81% 1.65% -6.76% 7.31%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
61.04% 57.29% 62.52% 61.08% 60.65% 60.04% 62.59% 62.39% 61.49% 60.05% 62.96%
EBITDA Margin
28.70% 23.39% 34.65% 23.48% 27.58% 25.74% 37.56% 38.06% 32.22% 24.71% 37.24%
Operating Margin
27.36% 20.95% 18.95% 21.29% 21.17% 23.47% 32.88% 34.14% 31.97% 15.57% 34.95%
EBIT Margin
26.27% 20.90% 32.34% 21.31% 25.32% 23.35% 35.16% 35.84% 30.07% 22.71% 35.12%
Profit (Net Income) Margin
25.79% 18.31% 28.19% 19.42% 24.04% 19.17% 29.97% 30.34% 29.57% 19.59% 31.80%
Tax Burden Percent
87.16% 80.02% 82.26% 79.29% 84.32% 78.87% 82.20% 79.30% 88.05% 78.19% 86.01%
Interest Burden Percent
112.64% 109.48% 105.97% 114.96% 112.63% 104.12% 103.68% 106.77% 111.70% 110.32% 105.27%
Effective Tax Rate
12.84% 19.98% 17.74% 20.71% 15.68% 21.13% 17.80% 20.70% 11.95% 21.81% 13.99%
Return on Invested Capital (ROIC)
36.78% 24.02% 24.63% 26.78% 25.75% 25.47% 37.73% 35.94% 34.73% 15.36% 36.32%
ROIC Less NNEP Spread (ROIC-NNEP)
44.37% 27.19% 105.90% 44.19% 43.38% 26.52% 43.44% 42.09% 36.96% 26.77% 38.72%
Return on Net Nonoperating Assets (RNNOA)
5.20% 5.38% 6.77% 2.90% 6.45% 7.16% 8.95% 9.73% 9.54% 6.78% 11.03%
Return on Equity (ROE)
41.98% 29.41% 31.40% 29.68% 32.19% 32.63% 46.68% 45.67% 44.26% 22.14% 47.35%
Cash Return on Invested Capital (CROIC)
30.96% 31.01% 37.95% 28.71% 6.48% 8.91% -6.09% -4.41% 12.40% 22.38% 22.16%
Operating Return on Assets (OROA)
12.45% 10.04% 15.14% 9.92% 11.52% 11.08% 16.40% 16.41% 13.50% 10.60% 16.81%
Return on Assets (ROA)
12.22% 8.79% 13.20% 9.04% 10.94% 9.10% 13.97% 13.89% 13.28% 9.15% 15.22%
Return on Common Equity (ROCE)
39.46% 27.61% 29.58% 28.01% 30.38% 30.78% 44.11% 43.17% 41.63% 20.82% 44.63%
Return on Equity Simple (ROE_SIMPLE)
40.92% 0.00% 40.77% 41.21% 39.30% 0.00% 41.21% 42.68% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
2,850 1,819 1,761 2,087 2,116 2,136 3,008 3,394 3,506 1,439 3,749
NOPAT Margin
23.85% 16.76% 15.59% 16.88% 17.85% 18.51% 27.03% 27.07% 28.15% 12.18% 30.06%
Net Nonoperating Expense Percent (NNEP)
-7.60% -3.17% -81.27% -17.41% -17.63% -1.05% -5.70% -6.15% -2.23% -11.41% -2.40%
Return On Investment Capital (ROIC_SIMPLE)
- 2.80% - - - 3.08% 4.21% 4.51% 4.47% 1.84% 4.73%
Cost of Revenue to Revenue
38.96% 42.71% 37.48% 38.92% 39.35% 39.96% 37.41% 37.61% 38.51% 39.95% 37.04%
SG&A Expenses to Revenue
33.68% 36.34% 43.58% 39.79% 39.48% 36.57% 29.72% 28.25% 29.51% 44.48% 28.01%
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
33.68% 36.34% 43.58% 39.79% 39.48% 36.57% 29.72% 28.25% 29.51% 44.48% 28.01%
Earnings before Interest and Taxes (EBIT)
3,140 2,267 3,654 2,634 3,001 2,695 3,913 4,492 3,745 2,685 4,380
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
3,430 2,538 3,916 2,903 3,269 2,971 4,180 4,771 4,013 2,921 4,644
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
8.92 9.53 9.93 10.61 11.67 10.79 11.55 10.59 9.04 9.35 9.81
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 72.52 57.29
Price to Revenue (P/Rev)
5.21 5.40 5.70 5.90 6.67 5.70 6.45 6.43 5.93 6.27 6.69
Price to Earnings (P/E)
21.80 23.08 24.34 25.75 29.72 25.23 28.07 24.85 21.69 22.94 24.08
Dividend Yield
3.35% 3.22% 3.07% 2.97% 2.67% 3.12% 2.79% 2.83% 3.07% 2.92% 2.69%
Earnings Yield
4.59% 4.33% 4.11% 3.88% 3.36% 3.96% 3.56% 4.02% 4.61% 4.36% 4.15%
Enterprise Value to Invested Capital (EV/IC)
8.12 7.99 9.47 9.47 9.08 7.62 8.04 7.59 6.95 7.89 8.07
Enterprise Value to Revenue (EV/Rev)
5.28 5.53 5.73 5.98 6.86 5.95 6.73 6.71 6.16 6.48 6.93
Enterprise Value to EBITDA (EV/EBITDA)
18.15 19.44 20.85 21.72 25.18 21.45 23.70 20.78 18.43 19.56 20.88
Enterprise Value to EBIT (EV/EBIT)
19.92 21.29 22.84 23.74 27.51 23.37 25.79 22.39 19.78 20.95 22.31
Enterprise Value to NOPAT (EV/NOPAT)
25.76 27.06 31.02 32.64 40.74 34.45 33.71 29.57 24.39 27.50 28.38
Enterprise Value to Operating Cash Flow (EV/OCF)
20.02 21.81 22.05 25.05 57.55 41.16 293.72 242.66 38.62 41.95 23.33
Enterprise Value to Free Cash Flow (EV/FCFF)
26.31 25.55 23.85 33.03 152.56 91.92 0.00 0.00 61.29 36.53 37.78
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.30 1.36 1.31 1.46 1.57 1.63 1.57 1.49 1.36 1.28 1.22
Long-Term Debt to Equity
1.23 1.29 1.26 1.39 1.53 1.61 1.57 1.49 1.30 1.23 1.09
Financial Leverage
0.12 0.20 0.06 0.07 0.15 0.27 0.21 0.23 0.26 0.25 0.28
Leverage Ratio
3.64 3.57 3.59 3.63 3.64 3.68 3.61 3.57 3.46 3.39 3.24
Compound Leverage Factor
4.10 3.91 3.80 4.18 4.10 3.83 3.74 3.81 3.86 3.74 3.41
Debt to Total Capital
56.57% 57.71% 56.63% 59.35% 61.01% 62.00% 61.15% 59.89% 57.55% 56.18% 54.93%
Short-Term Debt to Total Capital
3.25% 3.02% 2.16% 2.88% 1.48% 0.93% 0.23% 0.12% 2.45% 2.33% 5.67%
Long-Term Debt to Total Capital
53.33% 54.70% 54.47% 56.48% 59.54% 61.06% 60.93% 59.77% 55.10% 53.85% 49.27%
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
2.35% 2.37% 2.35% 2.31% 2.27% 2.18% 2.17% 2.12% 2.58% 2.69% 2.65%
Common Equity to Total Capital
41.08% 39.92% 41.01% 38.34% 36.72% 35.82% 36.67% 37.99% 39.87% 41.13% 42.42%
Debt to EBITDA
2.77 2.88 2.88 3.13 3.49 3.29 3.28 2.97 2.83 2.77 2.66
Net Debt to EBITDA
0.11 0.32 -0.01 0.15 0.54 0.79 0.87 0.75 0.56 0.50 0.57
Long-Term Debt to EBITDA
2.61 2.73 2.77 2.98 3.41 3.24 3.27 2.96 2.71 2.65 2.39
Debt to NOPAT
3.93 4.01 4.29 4.70 5.65 5.29 4.67 4.22 3.75 3.89 3.62
Net Debt to NOPAT
0.16 0.45 -0.01 0.23 0.88 1.27 1.23 1.07 0.75 0.70 0.78
Long-Term Debt to NOPAT
3.70 3.80 4.13 4.48 5.51 5.21 4.65 4.21 3.59 3.73 3.25
Altman Z-Score
3.69 3.75 3.86 3.84 3.93 3.79 4.13 4.15 4.01 4.29 4.70
Noncontrolling Interest Sharing Ratio
6.01% 6.12% 5.78% 5.63% 5.62% 5.67% 5.51% 5.48% 5.95% 5.97% 5.75%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.14 1.13 1.04 1.08 1.06 1.03 1.10 1.21 1.21 1.46 1.36
Quick Ratio
0.78 0.72 0.75 0.80 0.78 0.72 0.75 0.84 0.88 0.89 0.78
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
2,658 2,372 4,317 1,987 -3,604 -2,948 -8,402 -8,844 -3,740 -1,355 756
Operating Cash Flow to CapEx
1,137.57% 324.42% 148.31% 863.86% -275.49% 496.36% -1,728.24% 872.08% 1,070.70% 422.02% 765.53%
Free Cash Flow to Firm to Interest Expense
7.22 5.74 11.30 4.75 -8.48 -6.84 -21.71 -19.87 -9.57 -3.14 2.02
Operating Cash Flow to Interest Expense
11.68 6.46 1.38 8.58 -2.96 9.17 -13.44 8.56 12.90 8.71 5.39
Operating Cash Flow Less CapEx to Interest Expense
10.66 4.47 0.45 7.58 -4.04 7.32 -14.22 7.58 11.69 6.65 4.69
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.47 0.48 0.47 0.47 0.45 0.47 0.47 0.46 0.45 0.47 0.48
Accounts Receivable Turnover
12.03 13.27 10.42 10.91 12.00 13.49 11.25 10.80 11.66 14.51 12.69
Inventory Turnover
4.62 4.28 3.81 3.90 4.09 4.00 3.63 3.69 3.84 4.02 3.84
Fixed Asset Turnover
4.97 4.80 4.81 4.84 4.95 4.82 4.75 4.64 4.59 4.81 4.94
Accounts Payable Turnover
1.12 1.19 1.05 0.96 0.90 0.99 1.02 0.93 0.88 1.01 1.22
Days Sales Outstanding (DSO)
30.35 27.51 35.03 33.44 30.42 27.06 32.44 33.79 31.32 25.15 28.76
Days Inventory Outstanding (DIO)
78.96 85.31 95.89 93.64 89.20 91.15 100.62 98.97 94.97 90.80 95.17
Days Payable Outstanding (DPO)
326.73 307.79 346.61 382.08 404.46 370.50 359.20 391.45 414.28 362.33 299.18
Cash Conversion Cycle (CCC)
-217.43 -194.97 -215.69 -254.99 -284.85 -252.28 -226.14 -258.69 -288.00 -246.38 -175.25
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
29,294 31,653 27,881 29,335 35,014 36,737 39,291 41,573 42,260 39,403 42,284
Invested Capital Turnover
1.54 1.43 1.58 1.59 1.44 1.38 1.40 1.33 1.23 1.26 1.21
Increase / (Decrease) in Invested Capital
192 -553 -2,556 100 5,720 5,084 11,410 12,238 7,246 2,794 2,993
Enterprise Value (EV)
237,784 252,940 263,922 277,683 317,901 280,084 315,750 315,707 293,635 310,731 341,387
Market Capitalization
234,815 247,228 262,470 274,201 309,405 268,203 302,661 302,719 282,622 300,725 329,951
Book Value per Share
$6.09 $6.00 $6.13 $6.00 $6.15 $5.77 $6.09 $6.64 $7.26 $7.48 $7.82
Tangible Book Value per Share
($1.52) ($1.57) ($1.35) ($1.50) ($1.44) ($1.53) ($1.29) ($0.86) ($0.22) $0.96 $1.34
Total Capital
64,089 64,987 64,442 67,435 72,215 69,395 71,447 75,249 78,364 78,216 79,292
Total Debt
36,256 37,507 36,496 40,024 44,061 43,023 43,693 45,067 45,097 43,941 43,558
Total Long-Term Debt
34,176 35,547 35,104 38,085 42,994 42,375 43,530 44,976 43,177 42,119 39,065
Net Debt
1,461 4,173 -65 1,924 6,860 10,365 11,537 11,391 8,993 7,900 9,335
Capital Expenditures (CapEx)
378 823 356 415 457 796 301 437 471 890 264
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-9,897 -8,542 -14,421 -14,718 -15,378 -13,175 -11,254 -9,541 -9,113 -4,221 -1,315
Debt-free Net Working Capital (DFNWC)
5,538 5,121 2,498 4,275 2,786 1,396 2,533 4,756 6,668 11,585 12,505
Net Working Capital (NWC)
3,458 3,161 1,106 2,336 1,719 748 2,370 4,665 4,748 9,763 8,012
Net Nonoperating Expense (NNE)
-233 -167 -1,424 -314 -734 -77 -327 -409 -177 -877 -217
Net Nonoperating Obligations (NNO)
1,461 4,173 -65 1,924 6,860 10,365 11,537 11,391 8,993 5,128 6,550
Total Depreciation and Amortization (D&A)
290 271 262 269 268 276 267 279 268 236 264
Debt-free, Cash-free Net Working Capital to Revenue
-21.98% -18.67% -31.30% -31.68% -33.17% -28.00% -24.00% -20.27% -19.12% -8.80% -2.67%
Debt-free Net Working Capital to Revenue
12.30% 11.19% 5.42% 9.20% 6.01% 2.97% 5.40% 10.11% 13.99% 24.17% 25.37%
Net Working Capital to Revenue
7.68% 6.91% 2.40% 5.03% 3.71% 1.59% 5.05% 9.91% 9.96% 20.36% 16.26%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.71 $0.46 $0.74 $0.56 $0.66 $0.51 $0.77 $0.89 $0.86 $0.53 $0.91
Adjusted Weighted Average Basic Shares Outstanding
4.32B 4.32B 4.31B 4.31B 4.31B 4.31B 4.30B 4.30B 4.30B 4.30B 4.30B
Adjusted Diluted Earnings per Share
$0.71 $0.45 $0.74 $0.56 $0.66 $0.50 $0.77 $0.88 $0.86 $0.53 $0.91
Adjusted Weighted Average Diluted Shares Outstanding
4.34B 4.34B 4.32B 4.32B 4.32B 4.32B 4.31B 4.32B 4.31B 4.31B 4.31B
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
4.32B 4.31B 4.31B 4.31B 4.31B 4.30B 4.30B 4.30B 4.30B 4.30B 4.30B
Normalized Net Operating Profit after Tax (NOPAT)
2,850 1,819 1,761 2,087 2,116 2,136 3,008 3,394 3,506 1,439 3,749
Normalized NOPAT Margin
23.85% 16.76% 15.59% 16.88% 17.85% 18.51% 27.03% 27.07% 28.15% 12.18% 30.06%
Pre Tax Income Margin
29.59% 22.88% 34.27% 24.49% 28.51% 24.31% 36.45% 38.26% 33.58% 25.06% 36.97%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
8.53 5.49 9.57 6.30 7.06 6.25 10.11 10.09 9.58 6.23 11.68
NOPAT to Interest Expense
7.75 4.40 4.61 4.99 4.98 4.96 7.77 7.63 8.97 3.34 10.00
EBIT Less CapEx to Interest Expense
7.51 3.50 8.63 5.31 5.99 4.41 9.33 9.11 8.37 4.16 10.98
NOPAT Less CapEx to Interest Expense
6.72 2.41 3.68 4.00 3.90 3.11 6.99 6.64 7.76 1.27 9.29
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
72.25% 74.30% 73.78% 75.52% 78.18% 78.50% 77.31% 69.32% 65.03% 66.83% 79.68%
Augmented Payout Ratio
83.38% 95.68% 93.67% 95.04% 100.48% 95.35% 90.86% 80.74% 74.32% 72.51% 85.88%

Financials Breakdown Chart

Key Financial Trends

Below are key takeaways from Coca-Cola Co (NYSE: KO) quarterly statements over the last four years, focusing on trends in revenue, margins, cash flow, and leverage. The highlights focus on the 2025 responses across Q1–Q4, with context from the prior years where helpful.

  • Revenue trended higher in 2025 versus 2024, with 2025 quarters showing roughly 11.1 to 12.5 billion USD in operating revenue (e.g., Q2 2025 around 12.5B, Q3 2025 around 12.46B), indicating a solid rebound from 2024 levels.
  • Gross margin improved in 2025, with total gross profit as a share of revenue roughly in the 60% range across the year, up from about the mid-50s% in 2024, signaling better pricing/mix and cost discipline.
  • Operating cash flow remained robust in 2025, with net cash from continuing operating activities typically in the several-billion-dollar range each quarter (roughly 3.8B to 5.0B in various quarters), supporting ongoing dividends and returns.
  • Quarterly dividends per share stayed steady at 0.51 USD in 2025, highlighting a stable, predictable shareholder payout profile amid evolving quarterly results.
  • Financing and investing activities were variable in 2025, reflecting a mix of debt repayments, issuances, equity activity, and divestitures, which created cash-flow volatility from quarter to quarter.
  • Divestitures and other investing inflows contributed to cash flexibility in some quarters (e.g., Q4 2025 divestitures of about 2.55B USD), adding liquidity in certain periods but also contributing to cash-flow variability.
  • The balance sheet shows a large asset base and a substantial liability load, with total liabilities often in the 70s of billions and long-term debt around the 30–45B range across 2025, indicating a high but manageable leverage profile for a mature consumer staples company.
  • Net cash from financing activities was negative in multiple 2025 quarters, driven by share repurchases and cash dividends, which reduces cash despite strong operating cash flow.
  • Net change in cash and equivalents was sometimes a decline in certain quarters (for example, a notable quarterly cash decrease in Q4 2025), signaling periods where cash outflows exceeded inflows despite solid earnings.
05/06/26 07:54 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About CocaCola's Financials

When does CocaCola's financial year end?

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

How has CocaCola's net income changed over the last 10 years?

CocaCola's net income appears to be on an upward trend, with a most recent value of $13.14 billion in 2025, rising from $7.37 billion in 2015. The previous period was $10.65 billion in 2024. Find out what analysts predict for CocaCola in the coming months.

What is CocaCola's operating income?
CocaCola's total operating income in 2025 was $13.76 billion, based on the following breakdown:
  • Total Gross Profit: $29.54 billion
  • Total Operating Expenses: $15.78 billion
How has CocaCola's revenue changed over the last 10 years?

Over the last 10 years, CocaCola's total revenue changed from $44.29 billion in 2015 to $47.94 billion in 2025, a change of 8.2%.

How much debt does CocaCola have?

CocaCola's total liabilities were at $70.54 billion at the end of 2025, a 4.9% decrease from 2024, and a 9.8% increase since 2015.

How much cash does CocaCola have?

In the past 10 years, CocaCola's cash and equivalents has ranged from $6.01 billion in 2017 to $10.83 billion in 2024, and is currently $10.27 billion as of their latest financial filing in 2025.

How has CocaCola's book value per share changed over the last 10 years?

Over the last 10 years, CocaCola's book value per share changed from 5.88 in 2015 to 7.48 in 2025, a change of 27.3%.



Financial statements for NYSE:KO last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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