Coca-Cola
KO NYSE· Soft Drinks & Non-alcoholic Beverages
Last close · Oct 26, 2026
$92.70
KIRA · Stoqly’s AI analyst, in plain words
- Coca-Cola had $47.9B of revenue in fiscal 2025, up 1.9% on the year before. Over five years, revenue changed +7.8% a year on average.
- Its operating margin was 28.7%, up 7.5 pts: of every 100 in sales, about 29 is left after running the business.
- Coca-Cola made $13.1B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 8.2% a year.
- Free cash flow was $5.3B in fiscal 2025, 11.1% of revenue.
- Coca-Cola returned $9.5B to shareholders in fiscal 2025, 180% of free cash flow. The diluted share count fell 0.2%.
- Coca-Cola owes $31.6B more than it holds in cash, about 2.1 years of operating profit.
Market cap
$399.9B
P/E
29.2x
Revenue
$47.9B
Net income
$13.1B
Free cash flow
$5.3B
Operating margin
28.7%
Coca-Cola in 30 seconds · fiscal 2025
Are sales growing?
+1.9%
Only a little. Sales grew 1.9% last year.
Does it make a profit?
27.3%
Yes. It keeps 27.3% of every sale as profit.
Does profit turn into cash?
11.1%
Yes. 11.1% of sales ends up as free cash.
Is debt under control?
2.1x
Keep an eye on it. Repaying its debt would take 2.1 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
29.2x
One share costs 29.2 times its yearly profit per share. Typical for its sector: 24.2x.
What Coca-Cola does
Coca-Cola owns and markets soft drinks and other nonalcoholic drinks sold in more than 200 countries and territories. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite and Fanta, as well as Dasani and smartwater, Powerade and BODYARMOR, Minute Maid and Simply juices, fairlife milk and Costa coffee. Drinks under its brands account for about 2.2 billion servings a day. Coca-Cola mostly does not bottle its own drinks. Its main business sells concentrate and syrups to independent bottling companies, which mix, package and deliver the finished drinks in their own territories; this brought in 59% of revenue in 2025. The rest comes from selling finished drinks, mainly through bottling businesses it owns, which bring in more revenue but lower profit margins. It reports four regional segments, covering Europe, the Middle East and Africa, Latin America, North America and Asia Pacific, plus a Bottling Investments segment for its own bottlers.
Biggest risks, in its own words
- Its reliance on independent bottlers, whose finances and relations with Coca-Cola affect its sales.
- Worries about obesity and sugar, and changing tastes, that could cut demand for its soft drinks.
- New taxes on drinks, warning labels and limits on marketing that could hurt sales.
- Concerns and rules about plastic bottles and packaging, and shortages of clean water, that could raise costs or cut demand.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 20, 2026
- Legal name
- COCA COLA CO
- CIK
- 0000021344
Coca-Cola · KO
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $38.7B | $43.0B | $45.8B | $47.1B | $47.9B |
| Revenue growth | 17.1% | 11.3% | 6.4% | 2.9% | 1.9% |
| Gross margin | 60.3% | 58.1% | 59.5% | 61.1% | 61.6% |
| Operating margin | 26.7% | 25.4% | 24.7% | 21.2% | 28.7% |
| Net income | $9.8B | $9.5B | $10.7B | $10.6B | $13.1B |
| Net margin | 25.3% | 22.2% | 23.4% | 22.6% | 27.3% |
| Diluted EPS | $2.25 | $2.19 | $2.47 | $2.46 | $3.04 |
| Cash | |||||
| Cash from operations | $12.6B | $11.0B | $11.6B | $6.8B | $7.4B |
| Capital expenditure | $1.4B | $1.5B | $1.9B | $2.1B | $2.1B |
| Free cash flow | $11.3B | $9.5B | $9.7B | $4.7B | $5.3B |
| FCF margin | 29.1% | 22.2% | 21.3% | 10.1% | 11.1% |
| Dividends paid | $7.3B | $7.6B | $8.0B | $8.4B | $8.8B |
| Share buybacks | $111M | $1.4B | $2.3B | $1.8B | $746M |
| Share count change | 0.4% | 0.2% | −0.3% | −0.4% | −0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $10.9B | $10.6B | $12.4B | $12.8B | $13.9B |
| Debt incl. finance leases | $42.8B | $39.1B | $41.7B | $44.2B | $45.4B |
| Shareholders' equity | $23.0B | $24.1B | $25.9B | $24.9B | $32.2B |
| Net debt / EBITDA | 2.7x | 2.4x | 2.4x | 2.8x | 2.1x |
| Current ratio | 1.1x | 1.2x | 1.1x | 1.0x | 1.5x |
| Interest coverage | 6.5x | 12.4x | 7.4x | 6.0x | 8.3x |
| Returns and quality | |||||
| Return on capital | 14.5% | 16.1% | 16.8% | 14.2% | 18.3% |
| Return on equity | 46.2% | 40.5% | 42.8% | 41.9% | 46.0% |
| Piotroski F-score | 7 | 6 | 7 | 4 | 7 |
| Altman Z'' | 3.7 | 3.9 | 3.9 | 3.6 | 4.5 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$255M
11 insiders
Of sales under plans
56%
$142M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Coca-Cola · KO
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Coca-Cola KO | $399.9B | 1.9% | 28.7% | 11.1% | 18.3% | 29.2x | 7 |
| PepsiCo PEP | $185.2B | 2.3% | 12.2% | 8.2% | 16.4% | 17.0x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $92.70 a share, the company is worth $399.9B: 29.2 times its earnings of the last four quarters.
Coca-Cola grew sales faster than 0 of its 1 similar companies. Its P/E is higher than 1 of 1.
Source: SEC EDGAR XBRL filings (CIK 0000021344). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.