KONYSEBeveragesFiscal year ends December 31
COCA COLA CO
Financials through Q1 FY2026, quarter ended Apr 3, 2026Last filing: 10-Q on Jul 29, 2026
$93.42−0.48 (-0.51%)
Close on Oct 19, 2026
- Market cap
- $403.01B
- P/E (TTM)
- 29.4
- Dividend yield
- 2.18%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
61.6%+2.3 pts over 5 years
Operating margin
28.7%+1.5 pts over 5 years
Net margin
27.3%+3.9 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 | +1.9% | +3.7% | +7.7% | +0.8% | |
| Gross profit | +2.8% | +5.7% | +8.6% | +1.0% | |
| Operating income | +37.7% | +8.1% | +8.9% | +4.7% | |
| Net income | +23.3% | +11.2% | +11.1% | +6.0% | |
| EPS, diluted | +23.6% | +11.6% | +11.2% | +6.2% | |
| Free cash flow | +11.7% | -17.8% | -9.4% | -4.0% | |
| Dividend per share | +5.2% | +5.0% | +4.5% | +4.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 26.9% | 40.5% | 46.0% | |
| Return on assets | 7.4% | 8.9% | 12.8% | |
| Current ratio | 1.28 | 1.32 | 1.46 | |
| Debt to equity | 1.97 | 2.22 | 1.41 | |
| Net debt to EBITDA | 3.51× | 3.39× | 2.37× | |
| Interest coverage | 11.8× | 6.3× | 8.3× | |
| Inventory turnover | 5.9× | 4.0× | 4.0× | |
| Capex to revenue | 5.4% | 3.6% | 4.4% | |
| Diluted shares | 4.37B | 4.32B | 4.31B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Coca Cola generated $49.46B from operations and spent $55.20B on capital expenditure, dividends and share buybacks. 16% of that went back into the business.
Generated
$49.46B
Used
$55.20B
Capital expenditure$8.88B16%Dividends$39.96B72%Share buybacks$6.36B12%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin27.3%
×Asset turnover0.47×
×Equity multiplier3.60×
=Return on equity, FY202546.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 27.3% | 0.47× | 3.60× | 46.0% |
| FY2024 | 22.6% | 0.47× | 3.90× | 41.9% |
| FY2023 | 23.4% | 0.48× | 3.81× | 42.8% |
| FY2022 | 22.2% | 0.46× | 3.97× | 40.5% |
| FY2021 | 25.3% | 0.43× | 4.29× | 46.2% |
| FY2020 | 23.5% | 0.38× | 4.54× | 40.5% |
| FY2019 | 23.9% | 0.44× | 4.72× | 49.6% |
| FY2018 | 18.8% | 0.40× | 5.02× | 37.8% |
| FY2017 | 3.4% | 0.41× | 4.36× | 6.2% |
| FY2016 | 15.6% | 0.47× | 3.65× | 26.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$13.11B
- Cash generatingOperating cash flow above zero$7.41B
- Return on assets improvedROA up on the prior year10.9% → 13.0%
- Earnings backed by cashOperating cash flow above net income$7.41B vs $13.11B
- Less leverageLong-term debt to assets fell42.1% → 40.2%
- Better liquidityCurrent ratio rose1.03 → 1.46
- No dilutionShare count did not rise4.32B → 4.31B
- Gross margin improvedGross margin up on the prior year61.06% → 61.63%
- More efficientAsset turnover rose0.48 → 0.48