CCEPNasdaqBottled & Canned Soft Drinks & Carbonated WatersFiscal year ends December 31
COCA-COLA EUROPACIFIC PARTNERS plc
Financials through fiscal 2025, year ended Dec 31, 2025
$111.87−0.53 (-0.47%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
35.6%+0.4 pts over 5 years
Operating margin
13.4%+5.7 pts over 5 years
Net margin
9.3%+4.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.3% | +6.5% | +14.5% | +12.7% | |
| Gross profit | +3.2% | +6.1% | +14.8% | +12.4% | |
| Operating income | +31.0% | +10.2% | +28.0% | +13.9% | |
| Net income | +37.0% | +8.8% | +31.3% | +14.2% | |
| EPS, diluted | +38.3% | +9.0% | +31.3% | +6.9% | |
| Free cash flow | -3.0% | -3.2% | +14.0% | +13.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 15.0% | 8.2% | 23.8% | |
| Return on assets | – | 2.6% | 6.4% | |
| Current ratio | 0.91 | 0.98 | 0.80 | |
| Debt to equity | 1.00 | 1.19 | 1.36 | |
| Interest coverage | 5.5× | 5.6× | 9.1× | |
| Inventory turnover | – | 9.8× | 8.5× | |
| Capex to revenue | 5.0% | 3.3% | 3.6% | |
| Diluted shares | 385M | 456M | 456M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Coca-Cola Europacific Partners generated €13.87B from operations and spent €3.10B on capital expenditure, dividends and share buybacks. 99% of that went back into the business.
Generated
€13.87B
Used
€3.10B
Capital expenditure€3.06B99%Dividends€00%Share buybacks€40.00M1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.3%
×Asset turnover0.69×
×Equity multiplier3.74×
=Return on equity, FY202523.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.3% | 0.69× | 3.74× | 23.8% |
| FY2024 | 6.9% | 0.68× | 3.67× | 17.2% |
| FY2023 | 9.1% | 0.62× | 3.80× | 21.6% |
| FY2022 | 8.7% | 0.59× | 4.03× | 20.8% |
| FY2021 | 7.1% | 0.57× | 3.70× | 15.0% |
| FY2020 | 4.7% | 0.56× | 3.11× | 8.2% |
| FY2019 | 9.1% | 0.65× | 2.90× | 17.1% |
| FY2018 | 7.9% | 0.63× | 2.75× | 13.7% |
| FY2017 | 6.2% | 0.60× | 2.80× | 10.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero€1.94B
- Cash generatingOperating cash flow above zero€2.95B
- Return on assets improvedROA up on the prior year4.8% → 6.2%
- Earnings backed by cashOperating cash flow above net income€2.95B vs €1.94B
- Less leverageLong-term debt to assets fell32.0% → 34.2%
- Better liquidityCurrent ratio rose0.81 → 0.80
- No dilutionShare count did not rise461M → 456M
- Gross margin improvedGross margin up on the prior year35.28% → 35.60%
- More efficientAsset turnover rose0.70 → 0.67