KO
SP100NYSEThe Coca-Cola Company
Consumer Defensive · Beverages - Non-Alcoholic · United States
The Coca-Cola Company, a beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally. The company provides Trademark Coca-Cola, sparkling soft drinks and flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and emerging beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers comprising restaurants and convenience stores. The company sells its products under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, caffeine free Diet Coke, Cherry Coke, Fanta, Sprite, Simply, Fanta Orange, Fanta Zero Orange, Fanta Zero Sugar, Fanta Apple, Sprite Zero Sugar, Simply Orange, Simply Apple, Simply Grapefruit, Fresca, Schweppes, Thums Up, Aquarius, Ayataka, BODYARMOR, Ciel, Costa, Crystal, Dasani, Fuze Tea, Georgia, glacéau smartwater, glacéau vitaminwater, Gold Peak, I LOHAS, Powerade, Topo Chico, Core Power, Del Valle, fairlife, innocent, Maaza, Minute Maid, Minute Maid Pulpy, Santa Clara, and dogadan brands. It operates through a network of independent bottling partners, distributors, wholesalers, and retailers, as well as through bottling and distribution operators. The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia.
www.coca-colacompany.com ↗Shares trade at a premium 26.5× trailing earnings, easing to 24.2× on forward estimates. Profitability shows a net margin of 27.8% and return on equity of 43.4%. Leverage is modest at 1.8× net debt/EBITDA. Revenue grew 12.1% year-on-year. It yields 2.5% in dividends. The mean analyst target of USD85.97 sits 2.2% above the current price (Buy, 24 analysts).
business model
The Coca-Cola Company is a global nonalcoholic beverage company that owns and markets a broad portfolio of brands and operates primarily through a concentrate/syrup model. It sells concentrates and syrups to a network of independent bottling partners and also generates finished-product and licensing revenue, focusing its own capital on brand-building, marketing, and product innovation.
revenue segments
Coca-Cola generates revenue from concentrate operations and finished products across geographic operating segments (North America; Latin America; Europe, Middle East & Africa; Asia Pacific) plus Global Ventures and Bottling Investments. Its portfolio spans sparkling soft drinks, water/sports/coffee/tea, and juice/dairy/plant-based categories.
key dependencies
The company depends on the strength of its bottling network, brand marketing, consumer preferences (including the shift toward healthier and low-sugar options), pricing and mix, input/commodity costs, and significant foreign-currency exposure given its international footprint. Emerging-market volume growth is important.
competitors
Its main competitor is PepsiCo, along with Keurig Dr Pepper, Nestle, Monster Beverage, and numerous regional and private-label beverage producers across categories.
moat
Coca-Cola's moat includes one of the world's most valuable brand portfolios, an unmatched global distribution and bottling system, enormous scale in marketing and procurement, and pricing power derived from brand loyalty and shelf presence.
risks
Risks include shifting consumer preferences away from sugary drinks, health-related regulation and sugar/soda taxes, foreign-currency volatility, input-cost inflation, competitive and private-label pressure, and dependence on the financial health of bottling partners.
Financials & metrics
as of 26 Aug 2026Price is closer to the high end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $47.94B | $47.06B | $45.75B | $43.00B | — |
| Cost of revenue | $18.40B | $18.32B | $18.52B | $18.00B | — |
| Gross profit | $29.54B | $28.74B | $27.23B | $25.00B | — |
| Operating expense | $14.63B | $14.71B | $14.14B | $12.96B | — |
| Operating income | $14.91B | $14.02B | $13.10B | $12.04B | — |
| Interest expense | $1.65B | $1.66B | $1.53B | $882.00M | — |
| Pretax income | $16.00B | $13.09B | $12.95B | $11.69B | — |
| Tax provision | $2.86B | $2.44B | $2.25B | $2.12B | — |
| Net income | $13.11B | $10.63B | $10.71B | $9.54B | — |
| EBITDA | $18.70B | $15.82B | $15.61B | $13.83B | — |
| Diluted EPS | $3.04 | $2.46 | $2.47 | $2.19 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $104.82B | $100.55B | $97.70B | $92.76B | — |
| Current assets | $31.04B | $26.00B | $26.73B | $22.59B | — |
| Cash & equivalents | $10.27B | $10.83B | $9.37B | $9.52B | — |
| Inventory | $4.42B | $4.73B | $4.42B | $4.23B | — |
| Total liabilities | $70.54B | $74.18B | $70.22B | $66.94B | — |
| Current liabilities | $21.28B | $25.25B | $23.57B | $19.72B | — |
| Total debt | $45.49B | $44.52B | $42.06B | $39.15B | — |
| Long-term debt | $42.12B | $42.38B | $35.55B | $36.38B | — |
| Shareholders' equity | $32.17B | $24.86B | $25.94B | $24.11B | — |
| Retained earnings | $80.38B | $76.05B | $73.78B | $71.02B | — |
| Working capital | $9.76B | $748.00M | $3.16B | $2.87B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $7.41B | $6.80B | $11.60B | $11.02B | — |
| Investing cash flow | -$67.00M | $2.52B | -$3.35B | -$763.00M | — |
| Financing cash flow | -$8.14B | -$6.91B | -$8.31B | -$10.25B | — |
| Capital expenditure | -$2.11B | -$2.06B | -$1.85B | -$1.48B | — |
| Free cash flow | $5.30B | $4.74B | $9.75B | $9.53B | — |
| Dividends paid | -$8.78B | -$8.36B | -$7.95B | -$7.62B | — |
| Share buybacks | -$746.00M | -$1.79B | -$2.29B | -$1.42B | — |
| End cash position | $11.01B | $11.49B | $9.69B | $9.82B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 26 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 26 Aug 2026News
Sector peers
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