COKENasdaqBottled & Canned Soft Drinks & Carbonated WatersFiscal year ends December 31
Coca-Cola Consolidated, Inc.
Financials through Q2 FY2026, quarter ended Jul 3, 2026Last filing: 10-Q on Aug 5, 2026
$209.92−0.41 (-0.19%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
39.7%+4.4 pts over 5 years
Operating margin
13.2%+6.9 pts over 5 years
Net margin
7.9%+4.4 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 | +4.8% | +5.2% | +7.6% | +12.1% | |
| Gross profit | +4.3% | +8.0% | +10.2% | +12.3% | |
| Operating income | +3.3% | +14.0% | +24.9% | +25.5% | |
| Net income | -9.9% | +9.9% | +27.0% | +25.5% | |
| Free cash flow | +22.6% | +34.3% | +16.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 19.3% | 40.1% | 168.3% | |
| Return on assets | 2.3% | 5.4% | 11.9% | |
| Current ratio | 1.30 | 1.32 | 1.26 | |
| Debt to equity | 3.27 | 1.83 | -3.77 | |
| Net debt to EBITDA | 3.57× | 1.80× | 2.19× | |
| Interest coverage | 3.6× | 8.5× | – | |
| Inventory turnover | 16.7× | 14.3× | 13.1× | |
| Capex to revenue | 5.5% | 4.0% | 4.3% | |
| Diluted shares | 9M | – | – |
Where the cash went
Fiscal 2021 to 2025, five years combined
Coca-Cola Consolidated generated $3.70B from operations and spent $4.99B on capital expenditure, dividends and share buybacks. 28% of that went back into the business.
Generated
$3.70B
Used
$4.99B
Capital expenditure$1.42B28%Dividends$337.92M7%Share buybacks$3.23B65%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.9%
×Asset turnover1.50×
×Equity multiplier14.19×
=Return on equity, FY2025168.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.9% | 1.50× | 14.19× | 168.3% |
| FY2024 | 9.2% | 1.44× | 3.37× | 44.4% |
| FY2023 | 6.1% | 1.66× | 3.14× | 32.0% |
| FY2022 | 6.9% | 1.73× | 3.92× | 47.1% |
| FY2021 | 3.4% | 1.67× | 5.44× | 31.0% |
| FY2020 | 3.4% | 1.58× | 7.38× | 40.1% |
| FY2019 | 0.2% | 1.57× | 8.70× | 3.2% |
| FY2018 | -0.4% | 1.52× | 8.39× | -5.5% |
| FY2017 | 2.3% | 1.55× | 8.58× | 30.0% |
| FY2016 | 1.6% | 1.46× | 8.26× | 19.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$570.58M
- Cash generatingOperating cash flow above zero$931.90M
- Return on assets improvedROA up on the prior year14.8% → 10.7%
- Earnings backed by cashOperating cash flow above net income$931.90M vs $570.58M
- Less leverageLong-term debt to assets fell27.0% → 62.4%
- Better liquidityCurrent ratio rose1.94 → 1.26
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year39.90% → 39.74%
- More efficientAsset turnover rose1.61 → 1.36