COCA COLA CO KO
The Coca-Cola Company is a total beverage company, and beverage products bearing our trademarks, sold in the United States since 1886, are now sold in more than 200 countries and territories. We own or license and market numerous beverage brands, which we group into the following categories: Trademark Coca-Cola; sparkling flavors; water, sports, coffee and tea; juice, value-added dairy and plant-based beverages; and emerging beverages. We own and market several of the world's largest nonalcoholic sparkling soft drink brands, including Coca-Cola, Sprite, Coca-Cola Zero Sugar, Fanta and Diet Coke/Coca-Cola Light.
We make our branded beverage products available to consumers throughout the world through our network of independent bottling partners, distributors, wholesalers and retailers as well as our consolidated bottling and distribution operations. Beverages bearing trademarks owned by or licensed to the Company account for 2.2 billion of the estimated 65 billion servings of all beverages consumed worldwide every day.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.94B | $47.06B | $45.75B | $43.00B | $38.66B | $33.01B | $37.27B | $34.30B | $36.21B | $41.86B |
| Cost of revenue | $18.40B | $18.32B | $18.52B | $18.00B | $15.36B | $13.43B | $14.62B | $13.07B | $13.72B | $16.46B |
| Gross profit | $29.54B | $28.74B | $27.23B | $25.00B | $23.30B | $19.58B | $22.65B | $21.23B | $22.49B | $25.40B |
| SG&A | $14.52B | $14.58B | $13.97B | $12.88B | $12.14B | $9.73B | $12.10B | $11.00B | $12.83B | $15.37B |
| Operating income | $13.76B | $9.99B | $11.31B | $10.91B | $10.31B | $9.00B | $10.09B | $9.15B | $7.75B | $8.66B |
| Interest expense | $1.65B | $1.66B | $1.53B | $882.0M | $1.60B | $1.44B | $946.0M | $950.0M | $853.0M | $733.0M |
| Pre-tax income | $16.00B | $13.09B | $12.95B | $11.69B | $12.43B | $9.75B | $10.79B | $8.22B | $6.89B | $8.14B |
| Income tax | $2.86B | $2.44B | $2.25B | $2.12B | $2.62B | $1.98B | $1.80B | $1.75B | $5.61B | $1.59B |
| Net income | $13.11B | $10.63B | $10.71B | $9.54B | $9.77B | $7.75B | $8.92B | $6.43B | $1.25B | $6.53B |
| EPS, basic | 3.05 | 2.47 | 2.48 | 2.20 | 2.26 | 1.80 | 2.09 | 1.51 | 0.29 | 1.51 |
| EPS, diluted | 3.04 | 2.46 | 2.47 | 2.19 | 2.25 | 1.79 | 2.07 | 1.50 | 0.29 | 1.49 |
| Shares, diluted (wtd. avg.) | $4.31B | $4.32B | $4.34B | $4.35B | $4.34B | $4.32B | $4.31B | $4.30B | $4.32B | $4.37B |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $10.27B | $10.83B | $9.37B | $9.82B | $10.03B | $7.11B | $6.74B | $9.32B | $6.37B | $8.85B |
| Short-term investments | — | — | — | — | — | $2.35B | $3.23B | $5.01B | $5.32B | $4.05B |
| Receivables | $3.04B | $3.57B | $3.41B | $3.49B | $3.51B | $3.14B | $3.97B | $3.69B | $3.97B | $3.86B |
| Inventory | $4.42B | $4.73B | $4.42B | $4.23B | $3.41B | $3.27B | $3.38B | $3.07B | $2.95B | $2.67B |
| Total current assets | $31.04B | $26.00B | $26.73B | $22.59B | $22.55B | $19.24B | $20.41B | $24.93B | $29.96B | $34.01B |
| Property, plant and equipment | $9.61B | $10.30B | $9.24B | $9.84B | $9.92B | $10.78B | $10.84B | $9.60B | $9.64B | $10.63B |
| Goodwill | $15.49B | $18.14B | $18.36B | $18.78B | $19.36B | $17.51B | $16.76B | $14.11B | $13.65B | $10.63B |
| Other intangibles | — | — | $355.0M | $460.0M | $574.0M | $424.0M | $517.0M | $639.0M | $1.12B | $598.0M |
| Total assets | $104.82B | $100.55B | $97.70B | $92.76B | $94.35B | $87.30B | $86.38B | $83.22B | $87.90B | $87.27B |
| Accounts payable | $14.81B | $21.71B | $15.48B | $15.75B | $14.62B | $11.14B | $11.31B | $9.53B | $9.35B | $9.49B |
| Short-term debt | — | — | $1.96B | $399.0M | $1.34B | $485.0M | $4.25B | $5.00B | $3.30B | $3.53B |
| Total current liabilities | $21.28B | $25.25B | $23.57B | $19.72B | $19.95B | $14.60B | $26.97B | $28.78B | $26.75B | $26.53B |
| Long-term debt | — | — | $35.55B | $36.38B | $38.12B | $40.12B | $27.52B | $25.38B | $31.20B | $29.68B |
| Retained earnings | $80.38B | $76.05B | $73.78B | $71.02B | $69.09B | $66.56B | $65.86B | $63.23B | $60.43B | $65.50B |
| Total equity | $32.17B | $24.86B | $25.94B | $24.11B | $23.00B | $19.30B | $18.98B | $16.98B | $17.07B | $23.06B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.41B | $6.80B | $11.60B | $11.02B | $12.62B | $9.84B | $10.47B | $7.63B | $7.04B | $8.79B |
| Depreciation and amortisation | $1.05B | $1.07B | $1.13B | $1.26B | $1.45B | $1.54B | $1.36B | $1.09B | $1.26B | $1.79B |
| Stock-based compensation | $279.0M | $286.0M | $254.0M | $356.0M | $337.0M | $126.0M | $201.0M | $225.0M | $219.0M | $258.0M |
| Capital expenditure | $2.11B | $2.06B | $1.85B | $1.48B | $1.37B | $1.18B | $2.05B | $1.55B | $1.75B | $2.26B |
| Investing cash flow | -$67.0M | $2.52B | -$3.35B | -$763.0M | -$2.77B | -$1.48B | -$3.98B | $5.93B | -$2.31B | -$1.00B |
| Financing cash flow | -$8.14B | -$6.91B | -$8.31B | -$10.25B | -$6.79B | -$8.07B | -$9.00B | -$10.35B | -$7.45B | -$6.54B |
| Dividends paid | $8.78B | $8.36B | $7.95B | $7.62B | $7.25B | $7.05B | $6.84B | $6.64B | $6.32B | $6.04B |
| Buybacks | $746.0M | $1.79B | $2.29B | $1.42B | $111.0M | $118.0M | $1.10B | $1.91B | $3.68B | $3.68B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-010047.
Others in SIC 2080
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| PEP | PEPSICO INC | $187.85B | 22.9x | 2.3% |
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| PRMB | Primo Brands Corp | $7.97B | 137.5x | 29.3% |
| COCO | Vita Coco Company, Inc. | $3.16B | 46.3x | 18.2% |
| BRCC | BRC Inc. | $1.03B | — | 1.7% |
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| BUDA | BUDA JUICE, INC. | $99.3M | 39.5x | 11.8% |