Overview
COCA COLA CO
Latest 10-K: FY2025, filed Feb 20, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $47.94B
- 1.9%YoYup from FY2024
- TotalRevenue
- Gross profit
- $29.54B
- 2.8%YoYup from FY2024
- GrossProfit
- Operating income
- $13.76B
- 37.7%YoYup from FY2024
- OperatingIncome
- Net income
- $13.11B
- 23.3%YoYup from FY2024
- NetIncome
- Diluted EPS
- $3.04
- 23.6%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 4.31B
- 0.2%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- COCA COLA CO reported revenue of $47.94B for fiscal 2025, up 1.9% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.
Profitability
- Operating margin was 28.7% and net margin was 27.3%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $3.04, up 23.6% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $47.94B1.9%up Benchmark median 6.4% | $47.06B2.9%up Benchmark median 4.5% | $45.75B6.4%up Benchmark median 4.8% | $43.00B11.3%up Benchmark median 10.3% | $38.66B17.1%up Benchmark median 13.8% | 5.5% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $29.54B2.8%up Benchmark median 6.8% | $28.74B5.5%up Benchmark median 5.5% | $27.23B8.9%up Benchmark median 5.2% | $25.00B7.3%up Benchmark median 8.3% | $23.30B19.0%up Benchmark median 15.7% | 6.1% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $13.76B37.7%up Benchmark median 7.3% | $9.99B11.7%down Benchmark median 7.4% | $11.31B3.7%up Benchmark median 4.9% | $10.91B5.8%up Benchmark median 7.5% | $10.31B14.6%up Benchmark median 23.5% | 7.5% Benchmark median 7.2% |
| Net Income | $13.11B23.3%up Benchmark median 4.8% | $10.63B0.8%down Benchmark median 5.7% | $10.71B12.3%up Benchmark median 1.9% | $9.54B2.3%down Benchmark median 1.3% | $9.77B26.1%up Benchmark median 33.9% | 7.6% Benchmark median 4.1% |
| EPS (Diluted) | $3.0423.6%up Benchmark median 6.2% | $2.460.4%down Benchmark median 7.9% | $2.4712.8%up Benchmark median 1.9% | $2.192.7%down Benchmark median 1.5% | $2.2525.7%up Benchmark median 34.8% | 7.8% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $104.82B4.2%up Benchmark median 5.6% | $100.55B2.9%up Benchmark median 3.4% | $97.70B5.3%up Benchmark median 4.1% | $92.76B1.7%down Benchmark median 2.2% | $94.35B8.1%up Benchmark median 6.7% | 2.7% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | — | — | — | — | — | — Benchmark median 4.4% |
| Stockholders' Equity | $34.27B30.0%up Benchmark median 6.8% | $26.37B4.0%down Benchmark median 5.4% | $27.48B6.4%up Benchmark median 7.3% | $25.83B3.9%up Benchmark median 2.5% | $24.86B16.8%up Benchmark median 9.0% | 8.4% Benchmark median 6.1% |
| Cash & Equivalents | $10.27B5.2%down Benchmark median 5.2% | $10.83B15.6%up Benchmark median 1.9% | $9.37B1.6%down Benchmark median 6.7% | $9.52B1.7%down Benchmark median -8.6% | $9.68B42.5%up Benchmark median -2.9% | 1.5% Benchmark median 2.0% |
| Total Debt | $43.94B2.1%up Benchmark median 2.1% | $43.02B14.7%up Benchmark median 0.2% | $37.51B3.6%down Benchmark median 0.3% | $38.92B7.1%down Benchmark median 0.1% | $41.92B0.1%down Benchmark median -0.1% | 1.2% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.41B8.9%up Benchmark median 6.3% | $6.80B41.3%down Benchmark median 4.8% | $11.60B5.3%up Benchmark median 9.9% | $11.02B12.7%down Benchmark median -0.7% | $12.63B28.3%up Benchmark median 10.7% | -12.5% Benchmark median 7.0% |
| Capital Expenditures | $2.11B2.3%up Benchmark median 5.4% | $2.06B11.4%up Benchmark median 2.8% | $1.85B24.8%up Benchmark median 11.3% | $1.48B8.6%up Benchmark median 14.0% | $1.37B16.1%up Benchmark median 8.1% | 11.5% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $5.30B11.7%up Benchmark median 7.3% | $4.74B51.4%down Benchmark median 6.1% | $9.75B2.2%up Benchmark median 8.8% | $9.53B15.3%down Benchmark median -11.3% | $11.26B29.9%up Benchmark median 10.2% | -17.2% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
4.3%
Wall Street
on net earnings
FY2024 4.0%
1.8%
Value investor
on free cash flow
FY2024 1.8%
Gap −2.5 pts: Value-investor figure 2.5 points lower
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 23.0×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
4.6%
Wall Street
on EBITDA
FY2024 3.8%
4.3%
Value investor
on EBIT
FY2024 3.5%
Gap −0.3 pts: Value-investor figure 0.3 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 21.7×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
11.4%
Wall Street
on book equity
FY2024 9.8%
6.2%
Value investor
on tangible book
FY2024 3.1%
Gap −5.2 pts: Value-investor figure 5.2 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 8.8×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
43.2%
Wall Street
ROE: net income ÷ equity
FY2024 39.5%
18.0%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 15.2%
Gap −25.2 pts: Value-investor figure 25.2 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
30.9%
Wall Street
EBITDA margin
FY2024 23.5%
11.0%
Value investor
Free-cash-flow margin
FY2024 10.1%
Gap −19.9 pts: Value-investor figure 19.9 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.46×
Wall Street
Current ratio
FY2024 1.03×
1.25×
Value investor
Quick ratio, inventory excluded
FY2024 0.84×
Gap −0.21×: Value-investor figure 0.21 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.34×
Wall Street
EBITDA ÷ total debt
FY2024 0.26×
0.12×
Value investor
FCF ÷ total debt
FY2024 0.11×
Gap −0.22×: Value-investor figure 0.22 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 1.34×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
9.0×
Wall Street
EBITDA ÷ interest
FY2024 6.7×
8.3×
Value investor
EBIT ÷ interest
FY2024 6.0×
Gap −0.7×: Value-investor figure 0.7 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on KO yet.
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Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/KO
Valuein. (2026, October 30). COCA COLA CO (KO) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/KO
@misc{valuein_ko_2026,
author = {{Valuein}},
title = {COCA COLA CO (KO) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/KO}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Feb 20, 2026 · accession 0001628280-26-010047
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point-in-time · survivorship-free · every number traceable to its SEC filing
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