Coca-Cola Consolidated, Inc. (COKE) Financials

COKE

Trailing 12 months to July 3, 2026

Revenue $7.7B +10.7% YoY

Net Income $550.0M -6.1% YoY

Free Cash Flow $644.0M +35.2% YoY

Operating Cash Flow $946.3M +11.9% YoY

Market Cap $12.5B as of Oct 8, 2026

Price / Sales 1.6x on $7.7B revenue, trailing 12 months to July 3, 2026

Price / Earnings 22.8x on $550.0M net income, trailing 12 months to July 3, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 3, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the COKE SEC filings page.

Coca-Cola Consolidated, Inc. (COKE) reported $7.7B in revenue over the twelve months to Jul 3, 2026, up 10.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI COKE FY2025 2026-10-04

Cash-generative operations retain stronger margins, but FY2025 buybacks coincided with a balance sheet where liabilities exceed assets.

FY2025 operating cash flow of $932M exceeded net income of $571M, showing reported earnings were not merely accounting profit. Free cash flow reached $620M versus $505M in FY2024 even as net margin narrowed in the latest year, separating cash generation from bottom-line pressure.

Margin expansion has been a multi-year feature: gross margin rose from 35.1% in FY2021 to 39.7% in FY2025 while revenue expanded. Operating margin also moved from 7.9% to 13.2%, indicating operating costs did not rise in lockstep with sales.

The latest balance sheet is structurally different: liabilities exceed assets, leaving negative equity, alongside FY2025 share buybacks of $2.6B and financing cash flow of -$1.8B. The resulting debt-to-equity ratio of -3.6x reflects negative equity rather than ordinary low leverage, while a 1.3x current ratio indicates short-term assets still exceeded short-term obligations.

Financial Health Signals

Financial Health Score 56/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Coca-Cola Consolidated, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Coca-Cola Consolidated, Inc. has an operating margin of 13.2%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 76/100, reflecting efficient cost management and pricing power. This is down from 13.3% the prior year.

Growth

Coca-Cola Consolidated, Inc.'s revenue grew a modest 4.8% year-over-year to $7.2B. This slow but positive growth earns a score of 46/100.

Leverage

Liquidity

Coca-Cola Consolidated, Inc.'s current ratio of 1.26 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Coca-Cola Consolidated, Inc. has a free cash flow margin of 8.6%, earning a moderate score of 59/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Altman Z-Score Safe

3.71

Coca-Cola Consolidated, Inc. scores 3.71, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Coca-Cola Consolidated, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.63x

For every $1 of reported earnings, Coca-Cola Consolidated, Inc. generates $1.63 in operating cash flow ($931.9M OCF vs $570.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

22.28x

Coca-Cola Consolidated, Inc. earns $22.28 in operating income for every $1 of interest expense ($950.7M vs $42.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.1B

YoY+8.7%

QoQ+11.1%

5Y CAGR+9.9%

10Y CAGR+12.8%

Coca-Cola Consolidated, Inc. generated $2.1B in revenue in Q3 2026. This represents an increase of 8.7% from the same quarter a year earlier. Against the prior quarter it is up 11.1%.

EBITDA

$329.5M

YoY+9.2%

QoQ+11.9%

5Y CAGR+19.0%

Coca-Cola Consolidated, Inc.'s EBITDA was $329.5M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.2% from the same quarter a year earlier. Against the prior quarter it is up 11.9%.

Net Income

$158.8M

YoY+11.6%

QoQ+42.4%

5Y CAGR+19.1%

10Y CAGR+19.4%

Coca-Cola Consolidated, Inc. reported $158.8M in net income in Q3 2026. This represents an increase of 11.6% from the same quarter a year earlier. Against the prior quarter it is up 42.4%.

EPS (Diluted)

Not reported for Q3 2026.

Cash & Balance Sheet

Free Cash Flow

$131.1M

YoY-50.3%

QoQ-7.8%

5Y CAGR+37.4%

10Y CAGR+35.7%

Coca-Cola Consolidated, Inc. generated $131.1M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 50.3% from the same quarter a year earlier. Against the prior quarter it is down 7.8%.

Cash & Debt

$171.7M

YoY-88.8%

QoQ-26.3%

5Y CAGR+25.7%

10Y CAGR+14.6%

Coca-Cola Consolidated, Inc. held $171.7M in cash against $2.4B in long-term debt as of Q3 2026.

Dividends Per Share

Not reported for Q3 2026.

Shares Outstanding

Not reported for Q3 2026.

Margins & Returns

Gross Margin

37.9%

YoY-1.7pp

QoQ-1.4pp

5Y change+1.8pp

10Y change-0.7pp

Coca-Cola Consolidated, Inc.'s gross margin was 37.9% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.4 percentage points.

Operating Margin

13.2%

YoY+0.2pp

QoQ+0.4pp

5Y change+5.9pp

Coca-Cola Consolidated, Inc.'s operating margin was 13.2% in Q3 2026, reflecting core business profitability. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Net Margin

7.7%

YoY+0.2pp

QoQ+1.7pp

5Y change+2.5pp

10Y change+3.4pp

Coca-Cola Consolidated, Inc.'s net profit margin was 7.7% in Q3 2026, showing the share of revenue converted to profit. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.

Return on Equity

Not reported for Q3 2026.

Capital Allocation

Capital Expenditures

$84.2M

YoY+60.1%

QoQ+33.5%

5Y CAGR-1.6%

10Y CAGR+11.4%

Coca-Cola Consolidated, Inc. invested $84.2M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 60.1% from the same quarter a year earlier. Against the prior quarter it is up 33.5%.

R&D Spending

Not reported for Q3 2026.

Share Buybacks

Not reported for Q3 2026.

COKE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

COKE quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$7.7B	$7.2B+4.8%	$6.9B+3.7%	$6.7B+7.3%	$6.2B+11.5%	$5.6B+11.1%	$5.0B+3.7%	$4.8B+4.3%	$4.6B+7.9%	$4.3B+37.0%	$3.1B+35.7%	$2.3B+32.1%	$1.7B+6.4%	$1.6B+1.7%	$1.6B+3.4%	$1.6B
Cost of Revenue	$4.7B	$4.4B+5.0%	$4.1B+2.3%	$4.1B+3.4%	$3.9B+8.7%	$3.6B+11.4%	$3.2B+2.6%	$3.2B+2.8%	$3.1B+10.3%	$2.8B+43.4%	$1.9B+38.1%	$1.4B+35.0%	$1.0B+5.9%	$982.7M+2.4%	$960.1M+3.0%	$932.0M
Gross Profit	$3.0B	$2.9B+4.3%	$2.8B+5.9%	$2.6B+14.1%	$2.3B+16.6%	$2.0B+10.5%	$1.8B+5.9%	$1.7B+7.4%	$1.6B+3.4%	$1.5B+26.5%	$1.2B+32.0%	$901.0M+27.8%	$705.2M+7.1%	$658.6M+0.7%	$654.3M+4.0%	$629.2M
SG&A Expenses	$2.0B	$1.9B+4.8%	$1.8B+3.9%	$1.8B+7.8%	$1.6B+8.0%	$1.5B+4.1%	$1.5B-2.3%	$1.5B-0.5%	$1.5B+6.7%	$1.4B+32.6%	$1.1B+31.8%	$802.9M+29.7%	$619.3M+5.9%	$585.0M+3.4%	$565.6M+4.4%	$541.7M
Operating Income	$997.6M	$950.7M+3.3%	$920.4M+10.3%	$834.5M+30.2%	$641.0M+46.0%	$439.2M+40.1%	$313.4M+73.4%	$180.8M+212.2%	$57.9M-43.0%	$101.5M-22.6%	$131.2M+33.7%	$98.1M+14.2%	$86.0M+16.7%	$73.6M-17.0%	$88.7M+1.3%	$87.5M
EBITDA	N/A	$1.1B+5.0%	$1.1B+10.4%	$987.9M+21.6%	$812.6M+31.1%	$619.7M+25.9%	$492.4M+36.5%	$360.7M+47.1%	$245.2M-2.7%	$252.0M+3.8%	$242.8M+37.8%	$176.2M+19.8%	$147.1M+11.2%	$132.3M-11.9%	$150.3M+0.4%	$149.6M
Interest Expense	$92.4M	$42.7M+2209.4%	$1.8M+301.3%	-$918K-103.7%	$24.8M-25.9%	$33.4M-8.9%	$36.7M-20.1%	$46.0M-8.9%	$50.5M+20.6%	$41.9M+15.3%	$36.3M+25.6%	$28.9M-1.2%	$29.3M-0.4%	$29.4M-16.8%	$35.3M-1.8%	$36.0M
Income Tax	$196.8M	$202.3M-9.5%	$223.5M+49.9%	$149.1M+2.9%	$144.9M+121.0%	$65.6M+11.2%	$58.9M+276.3%	$15.7M+738.1%	$1.9M+104.7%	-$39.8M-210.5%	$36.0M+5.8%	$34.1M+74.4%	$19.5M+60.9%	$12.1M-44.5%	$21.9M+12.1%	$19.5M
Net Income	$550.0M	$570.6M-9.9%	$633.1M+55.0%	$408.4M-5.1%	$430.2M+126.9%	$189.6M+9.9%	$172.5M+1416.4%	$11.4M+157.1%	-$19.9M-120.6%	$96.5M+92.5%	$50.1M-15.0%	$59.0M+88.2%	$31.4M+13.3%	$27.7M+1.7%	$27.2M-4.9%	$28.6M
EPS (Basic)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.21+156.8%	-$2.13-120.6%	$10.35+92.0%	$5.39-15.1%	$6.35+87.9%	$3.38+13.0%	$2.99+1.4%	$2.95-5.1%	$3.11
EPS (Diluted)	—	N/A	N/A	N/A	N/A	N/A	N/A	$1.21+156.8%	-$2.13-120.7%	$10.30+92.2%	$5.36-15.3%	$6.33+87.8%	$3.37+13.1%	$2.98+1.4%	$2.94-4.9%	$3.09
Diluted Shares (Avg)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	9M+0.7%	9M-0.2%	9M+0.2%	9M+0.2%	9M+0.2%	9M+0.2%	9M+0.2%	9M+0.2%	9M

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$2.1B+8.7%	$1.8B-0.5%	$1.9B+9.0%	$1.9B+6.9%	$1.9B+3.3%	$1.6B-0.7%	$1.7B+7.1%	$1.8B+3.1%
Cost of Revenue	$1.3B+11.8%	$1.1B+0.6%	$1.1B+9.7%	$1.1B+6.8%	$1.1B+3.1%	$952.9M+0.2%	$1.0B+6.0%	$1.1B+1.6%
Gross Profit	$778.4M+4.0%	$727.1M-2.1%	$754.2M+8.1%	$748.5M+7.2%	$742.5M+3.6%	$627.1M-2.1%	$697.9M+8.8%	$698.0M+5.5%
SG&A Expenses	$507.1M+1.0%	$489.6M+4.1%	$512.1M+6.9%	$501.9M+6.6%	$470.4M+2.8%	$437.3M+2.9%	$479.1M+3.5%	$471.0M+5.8%
Operating Income	$271.3M+10.0%	$237.5M-12.7%	$242.1M+10.7%	$246.6M+8.6%	$272.1M+5.0%	$189.8M-11.9%	$218.7M+22.6%	$227.1M+5.0%
EBITDA	$329.5M+9.2%	$294.4M-9.9%	$274.0M+11.4%	$301.7M+9.4%	$326.8M+6.5%	$243.2M-7.2%	$245.9M+22.6%	$275.8M+5.9%
Interest Expense	$30.5M+550.3%	$32.1M+439.1%	$25.2M	$4.7M+114.3%	$5.9M	$6.9M+353.1%	N/A	$2.2M+244.3%
Income Tax	$56.3M+12.8%	$39.7M-39.5%	$51.0M-24.0%	$49.9M+24.9%	$65.6M+10.4%	$35.9M-37.2%	$67.1M+82.8%	$39.9M+38.2%
Net Income	$158.8M+11.6%	$111.6M-40.5%	$137.3M-23.3%	$142.3M+23.1%	$187.4M+8.4%	$103.6M-37.5%	$178.9M+136.0%	$115.6M+25.6%

Not reported in any period shown, so not listed: R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

COKE Balance Sheet

COKE quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$4.3B-19.0%	$5.3B+23.9%	$4.3B+15.6%	$3.7B+7.7%	$3.4B+6.9%	$3.2B+3.1%	$3.1B+3.9%	$3.0B-2.1%	$3.1B+25.5%	$2.4B+32.7%	$1.8B+28.9%	$1.4B+12.3%	$1.3B-0.6%	$1.3B-5.8%	$1.4B
Current Assets	$1.4B-44.0%	$2.5B+49.4%	$1.7B+36.9%	$1.2B+15.7%	$1.1B+26.5%	$851.2M+2.5%	$830.3M+4.1%	$797.4M+0.4%	$794.5M+33.8%	$593.8M+36.5%	$434.9M+51.5%	$287.0M+20.0%	$239.2M-0.9%	$241.3M-25.1%	$322.2M
Cash & Equivalents	$281.9M-75.2%	$1.1B+78.8%	$635.3M+221.4%	$197.6M+38.9%	$142.3M+159.7%	$54.8M+469.9%	$9.6M-29.0%	$13.5M-19.8%	$16.9M-22.6%	$21.9M-60.6%	$55.5M+510.2%	$9.1M-22.7%	$11.8M+13.1%	$10.4M-88.5%	$90.8M
Short-Term Investments	$0-100.0%	$301.2M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$336.4M+1.8%	$330.4M+2.6%	$321.9M-7.4%	$347.5M+14.8%	$302.9M+34.1%	$225.8M-0.1%	$225.9M+7.6%	$210.0M+14.4%	$183.6M+27.9%	$143.6M+60.5%	$89.5M+26.5%	$70.7M+14.1%	$62.0M-6.0%	$65.9M-0.4%	$66.2M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$184.0M+46.4%	$125.7M+19.0%	$105.6M+2.0%	$103.5M-1.9%	$105.5M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$165.9M0.0%	$165.9M0.0%	$165.9M0.0%	$165.9M0.0%	$165.9M0.0%	$165.9M0.0%	$165.9M0.0%	$165.9M-2.0%	$169.3M+17.1%	$144.6M+22.6%	$118.0M+11.0%	$106.2M+4.1%	$102.0M0.0%	$102.0M0.0%	$102.0M
Total Liabilities	$5.0B+29.4%	$3.9B+36.5%	$2.9B+10.0%	$2.6B-5.1%	$2.7B+0.9%	$2.7B+1.3%	$2.7B+4.7%	$2.6B-2.3%	$2.6B+25.3%	$2.1B+36.9%	$1.5B+29.6%	$1.2B+15.7%	$1.0B-6.3%	$1.1B-7.6%	$1.2B
Current Liabilities	$1.1B-14.1%	$1.3B+20.3%	$1.1B+20.6%	$905.2M+8.4%	$834.9M+29.0%	$647.1M+4.0%	$622.2M+3.4%	$601.7M-5.9%	$639.5M+39.6%	$457.9M+40.2%	$326.6M+43.6%	$227.4M+8.9%	$208.8M-3.5%	$216.3M-28.8%	$303.8M
Non-Current Liabilities	$3.9B+51.6%	$2.6B+46.6%	$1.8B+4.3%	$1.7B-11.1%	$1.9B-7.9%	$2.1B+0.4%	$2.1B+5.2%	$2.0B-1.1%	$2.0B+21.2%	$1.6B+36.0%	$1.2B+26.2%	$948.7M+17.5%	$807.4M-7.0%	$867.7M-0.2%	$869.2M
Long-Term Debt	$2.7B+87.0%	$1.4B+139.8%	$599.2M+0.1%	$598.8M-17.2%	$723.4M-23.1%	$940.5M-8.7%	$1.0B-6.7%	$1.1B+1.5%	$1.1B+19.9%	$907.3M+46.4%	$619.6M+39.3%	$444.8M+17.5%	$378.6M-6.2%	$403.4M0.0%	$403.2M
Total Equity	-$739.7M-152.2%	$1.4B-1.3%	$1.4B+28.7%	$1.1B+56.7%	$711.8M+38.8%	$513.0M+47.9%	$347.0M-3.1%	$358.2M-2.3%	$366.7M+32.3%	$277.1M+14.0%	$243.1M+32.4%	$183.6M-4.0%	$191.3M+41.4%	$135.3M+4.5%	$129.5M
Retained Earnings	-$824.0M-159.1%	$1.4B+3.2%	$1.4B+21.5%	$1.1B+53.6%	$724.5M+33.1%	$544.3M+42.8%	$381.2M+6.0%	$359.4M-7.5%	$388.7M+28.9%	$301.5M+15.7%	$260.7M+23.6%	$211.0M+11.7%	$188.9M+10.8%	$170.4M+11.8%	$152.4M

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$4.4B-21.8%	$4.4B-20.7%	$4.3B-19.0%	$5.7B+7.5%	$5.5B-2.0%	$5.4B+25.8%	$5.3B+23.9%	$5.3B+27.3%
Current Assets	$1.5B-46.4%	$1.5B-45.1%	$1.4B-44.0%	$2.8B+10.8%	$2.7B-10.0%	$2.6B+52.4%	$2.5B+49.4%	$2.6B+53.4%
Cash & Equivalents	$171.7M-88.8%	$232.9M-80.9%	$281.9M-75.2%	$1.5B+24.0%	$1.2B-28.2%	$1.2B+187.0%	$1.1B+78.8%	$1.2B+100.6%
Short-Term Investments	$0-100.0%	$0-100.0%	$0-100.0%	$149.1M-30.7%	$350.2M+76.2%	$340.1M+85.2%	$301.2M	$215.0M
Inventory	$371.2M+4.6%	$388.7M+11.3%	$336.4M+1.8%	$354.9M+6.0%	$349.2M+3.2%	$340.2M-5.8%	$330.4M+2.6%	$334.7M+4.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$165.9M0.0%	$165.9M0.0%	$165.9M0.0%	$165.9M0.0%	$165.9M0.0%	$165.9M0.0%	$165.9M0.0%	$165.9M0.0%
Total Liabilities	$4.9B+22.3%	$5.0B+28.8%	$5.0B+29.4%	$4.0B+1.1%	$3.9B-12.3%	$3.9B+44.8%	$3.9B+36.5%	$4.0B+52.4%
Current Liabilities	$1.3B-9.6%	$1.2B-9.3%	$1.1B-14.1%	$1.4B+33.9%	$1.3B-13.0%	$1.3B+40.6%	$1.3B+20.3%	$1.0B+14.7%
Non-Current Liabilities	$3.7B+39.2%	$3.8B+48.6%	$3.9B+51.6%	$2.6B-10.4%	$2.6B-12.0%	$2.6B+47.0%	$2.6B+46.6%	$2.9B+72.4%
Long-Term Debt	$2.4B+67.8%	$2.5B+76.5%	$2.7B+87.0%	$1.4B-19.5%	$1.4B-19.5%	$1.4B+139.8%	$1.4B+139.8%	$1.8B+198.1%
Total Equity	-$500.1M-130.6%	-$643.5M-139.5%	-$739.7M-152.2%	$1.6B+27.3%	$1.6B+36.4%	$1.5B-6.4%	$1.4B-1.3%	$1.3B-15.7%
Retained Earnings	-$587.0M-138.5%	-$729.1M-144.4%	-$824.0M-159.1%	$1.5B+25.3%	$1.6B-2.6%	$1.5B-2.7%	$1.4B+3.2%	$1.2B-15.3%

Not reported in any period shown, so not listed: Accounts Receivable.

COKE Cash Flow Statement

COKE quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$946.3M	$931.9M+6.3%	$876.4M+8.1%	$810.7M+46.2%	$554.5M+6.3%	$521.8M+5.5%	$494.5M+70.3%	$290.4M+71.9%	$168.9M-45.1%	$307.8M+90.0%	$162.0M+49.6%	$108.3M+17.8%	$91.9M-4.6%	$96.4M+15.9%	$83.2M-24.1%	$109.7M
Depreciation & Amortization	N/A	$195.1M+14.5%	$170.3M+11.0%	$153.5M-10.6%	$171.6M-5.0%	$180.6M+0.9%	$179.0M-0.5%	$179.9M-3.9%	$187.3M+24.5%	$150.4M+34.8%	$111.6M+42.9%	$78.1M+27.8%	$61.1M+4.2%	$58.7M-4.7%	$61.6M-0.9%	$62.1M
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	$0	$0-100.0%	$2.0M-63.5%	$5.6M-29.2%	$7.9M+10.7%	$7.2M-2.0%	$7.3M+106.1%	$3.5M+21.3%	$2.9M+11.3%	$2.6M+12.0%	$2.3M
Capital Expenditures	$302.3M	$312.3M-15.8%	$371.0M+31.4%	$282.3M-5.5%	$298.6M+91.8%	$155.7M-22.9%	$202.0M+17.9%	$171.4M+24.0%	$138.2M-21.7%	$176.6M+2.3%	$172.6M+5.3%	$163.9M+94.3%	$84.4M+37.3%	$61.4M+15.3%	$53.3M+0.2%	$53.2M
Free Cash Flow	$644.0M	$619.6M+22.6%	$505.3M-4.4%	$528.4M+106.5%	$255.9M-30.1%	$366.1M+25.2%	$292.4M+145.7%	$119.0M+288.3%	$30.6M-76.6%	$131.2M+1338.9%	-$10.6M+81.0%	-$55.6M-837.5%	$7.5M-78.4%	$34.9M+16.9%	$29.9M-47.1%	$56.5M
Investing Cash Flow	$31.4M	-$19.0M+97.2%	-$682.2M-131.0%	-$295.4M+9.1%	-$325.0M-100.7%	-$161.9M+19.2%	-$200.4M-15.4%	-$173.7M-20.7%	-$143.9M+68.6%	-$458.9M-1.5%	-$452.0M	N/A	N/A	-$55.3M-11.6%	-$49.6M+2.6%	-$50.9M
Financing Cash Flow	-$2.0B	-$1.8B-676.6%	$306.4M+494.2%	-$77.7M+55.4%	-$174.2M+36.0%	-$272.3M-9.4%	-$248.9M-106.3%	-$120.6M-326.4%	-$28.3M-119.4%	$146.1M-43.0%	$256.4M	N/A	N/A	-$39.7M+65.1%	-$114.0M-721.0%	-$13.9M
Dividends Paid	$76.4M	$86.7M-53.3%	$185.6M+296.1%	$46.9M+400.0%	$9.4M0.0%	$9.4M0.0%	$9.4M+0.1%	$9.4M+0.2%	$9.4M+0.3%	$9.3M+0.2%	$9.3M+0.2%	$9.3M+0.2%	$9.3M+0.2%	$9.2M+0.2%	$9.2M+0.2%	$9.2M
Share Buybacks	N/A	$2.6B+316.5%	$625.7M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$215.4M-32.0%	$205.3M-1.3%	$209.0M+24.1%	$316.7M+17.0%	$208.1M-14.3%	$198.2M+2.0%	$168.5M+1.4%	$270.8M+3.7%
Depreciation & Amortization	$58.2M+5.6%	$56.9M+3.9%	$31.9M+17.3%	$55.1M+13.0%	$54.8M+14.9%	$53.4M+14.2%	$27.2M+22.5%	$48.8M+10.6%
Capital Expenditures	$84.2M+60.1%	$63.1M+6.0%	$102.3M+22.3%	$52.6M-58.9%	$59.5M-27.7%	$97.9M+27.0%	$83.7M-35.7%	$127.9M+115.5%
Free Cash Flow	$131.1M-50.3%	$142.2M-4.3%	$106.7M+25.8%	$264.1M+84.9%	$148.5M-7.5%	$100.3M-14.4%	$84.8M+134.9%	$142.8M-29.2%
Investing Cash Flow	-$88.6M-160.8%	-$68.3M-1.0%	$42.7M+124.5%	$145.7M+199.9%	-$67.7M+31.6%	-$139.7M+46.9%	-$174.2M-29.6%	-$145.8M-134.4%
Financing Cash Flow	-$188.0M-25.5%	-$185.9M-157.3%	-$1.5B-1491.3%	-$149.8M+74.5%	-$72.3M-106.3%	-$42.5M+74.2%	-$94.4M-649.1%	-$588.3M-4438.4%
Dividends Paid	$16.6M-23.4%	$16.6M-23.6%	$21.4M-2.5%	$21.7M+395.9%	$21.8M+365.0%	$21.8M-85.9%	$21.9M+367.4%	$4.4M-6.6%
Share Buybacks	N/A	N/A	$2.5B+4663.9%	$111.3M-80.1%	N/A	N/A	$51.6M	$559.5M

Not reported in any period shown, so not listed: Stock-Based Compensation.

COKE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

COKE quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	39.7%-0.2pp	39.9%+0.8pp	39.1%+2.3pp	36.7%+1.6pp	35.1%-0.2pp	35.3%+0.7pp	34.6%+1.0pp	33.6%-1.5pp	35.1%-2.9pp	38.0%-1.1pp	39.1%-1.3pp	40.4%+0.3pp	40.1%-0.4pp	40.5%+0.2pp	40.3%
Operating Margin	13.2%-0.2pp	13.3%+0.8pp	12.5%+2.2pp	10.3%+2.5pp	7.9%+1.6pp	6.3%+2.5pp	3.7%+2.5pp	1.3%-1.1pp	2.4%-1.8pp	4.2%-0.1pp	4.3%-0.7pp	4.9%+0.4pp	4.5%-1.0pp	5.5%-0.1pp	5.6%
Net Margin	7.9%-1.3pp	9.2%+3.0pp	6.1%-0.8pp	6.9%+3.5pp	3.4%0.0pp	3.4%+3.2pp	0.2%+0.7pp	-0.4%-2.7pp	2.3%+0.6pp	1.6%-1.0pp	2.6%+0.8pp	1.8%+0.1pp	1.7%0.0pp	1.7%-0.1pp	1.8%
Return on Equity	N/A	44.7%+16.2pp	28.4%-10.1pp	38.6%+11.9pp	26.6%-7.0pp	33.6%+30.3pp	3.3%+8.8pp	-5.6%-31.9pp	26.3%+8.2pp	18.1%-6.2pp	24.3%+7.2pp	17.1%+2.6pp	14.5%-5.6pp	20.1%-2.0pp	22.1%
Return on Assets	13.3%+1.3pp	11.9%+2.4pp	9.5%-2.1pp	11.6%+6.1pp	5.5%+0.2pp	5.3%+5.0pp	0.4%+1.0pp	-0.7%-3.8pp	3.1%+1.1pp	2.1%-1.1pp	3.2%+1.0pp	2.2%0.0pp	2.2%+0.1pp	2.1%0.0pp	2.1%
Current Ratio	1.26-0.7x	1.94+0.4x	1.56+0.2x	1.38+0.1x	1.290.0x	1.320.0x	1.330.0x	1.33+0.1x	1.24-0.1x	1.300.0x	1.33+0.1x	1.26+0.1x	1.150.0x	1.12+0.1x	1.06
Debt-to-Equity	N/A	1.01+0.6x	0.42-0.1x	0.54-0.5x	1.02-0.8x	1.83-1.1x	2.97-0.1x	3.08+0.1x	2.97-0.3x	3.27+0.7x	2.55+0.1x	2.42+0.4x	1.98-1.0x	2.98-0.1x	3.11
Asset Turnover	1.68+0.4x	1.30-0.3x	1.55-0.1x	1.67+0.1x	1.61+0.1x	1.550.0x	1.540.0x	1.54+0.1x	1.40+0.1x	1.280.0x	1.250.0x	1.22-0.1x	1.290.0x	1.26+0.1x	1.15
FCF Margin	8.6%+1.2pp	7.3%-0.6pp	7.9%+3.8pp	4.1%-2.4pp	6.6%+0.7pp	5.8%+3.4pp	2.5%+1.8pp	0.7%-2.4pp	3.1%+3.4pp	-0.3%+2.1pp	-2.4%-2.8pp	0.4%-1.7pp	2.1%+0.3pp	1.8%-1.8pp	3.6%

Metric	Q3'2610-Q	Q2'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	37.9%-1.7pp	39.4%-0.7pp	39.6%-0.4pp	39.6%+0.1pp	40.0%+0.1pp	39.7%-0.6pp	40.0%+0.6pp	39.5%+0.9pp
Operating Margin	13.2%+0.2pp	12.9%-1.8pp	12.7%+0.2pp	13.1%+0.2pp	14.7%+0.2pp	12.0%-1.5pp	12.5%+1.6pp	12.9%+0.2pp
Net Margin	7.7%+0.2pp	6.0%-4.1pp	7.2%-3.0pp	7.5%+1.0pp	10.1%+0.5pp	6.6%-3.8pp	10.3%+5.6pp	6.6%+1.2pp
Return on Equity	N/A	N/A	N/A	8.7%-0.3pp	11.5%-3.0pp	6.9%-3.4pp	12.6%+7.3pp	9.0%+3.0pp
Return on Assets	3.6%+1.1pp	2.5%-0.8pp	3.2%-0.2pp	2.5%+0.3pp	3.4%+0.3pp	1.9%-1.9pp	3.4%+1.6pp	2.2%0.0pp
Current Ratio	1.21-0.8x	1.23-0.8x	1.26-0.7x	2.04-0.4x	2.04+0.1x	2.03+0.2x	1.94+0.4x	2.47+0.6x
Debt-to-Equity	N/A	N/A	N/A	0.88-0.5x	0.88-0.6x	0.96+0.6x	1.01+0.6x	1.39+1.0x
Asset Turnover	0.46+0.1x	0.42+0.1x	0.44+0.1x	0.330.0x	0.330.0x	0.29-0.1x	0.33-0.1x	0.33-0.1x
FCF Margin	6.4%-7.6pp	7.7%-0.3pp	5.6%+0.8pp	14.0%+5.9pp	8.0%-0.9pp	6.3%-1.0pp	4.9%+2.6pp	8.1%-3.7pp

Note: Shareholder equity is negative (-$739.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Coca-Cola Consolidated, Inc. COKE	FY2025	$7.2B	$570.6M	7.9%	$12.5B	56/100
Celsius Holdings, Inc. CELH	FY2025	$2.5B	$108.0M	4.3%	$6.9B	58/100
Primo Brands Corporation PRMB	FY2025	$6.7B	$60.1M	0.9%	$7.0B	44/100
Keurig Dr Pepper Inc. KDP	FY2025	$16.6B	$2.1B	12.5%	$42.4B	50/100
Monster Beverage Corporation MNST	FY2025	$8.3B	$1.9B	23.0%	$84.7B	82/100

Where Coca-Cola Consolidated, Inc. Ranks

Frequently Asked Questions

What is Coca-Cola Consolidated, Inc.'s annual revenue?

Coca-Cola Consolidated, Inc. (COKE) reported $7.2B in total revenue for fiscal year 2025. This represents a 4.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Coca-Cola Consolidated, Inc.'s revenue growing?

Coca-Cola Consolidated, Inc. (COKE) revenue grew by 4.8% year-over-year, from $6.9B to $7.2B in fiscal year 2025.

Is Coca-Cola Consolidated, Inc. profitable?

Yes, Coca-Cola Consolidated, Inc. (COKE) reported a net income of $570.6M in fiscal year 2025, with a net profit margin of 7.9%.

What is Coca-Cola Consolidated, Inc.'s EBITDA?

Coca-Cola Consolidated, Inc. (COKE) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Coca-Cola Consolidated, Inc. have?

As of fiscal year 2025, Coca-Cola Consolidated, Inc. (COKE) had $281.9M in cash and equivalents against $2.7B in long-term debt.

What is Coca-Cola Consolidated, Inc.'s gross margin?

Coca-Cola Consolidated, Inc. (COKE) had a gross margin of 39.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Coca-Cola Consolidated, Inc.'s operating margin?

Coca-Cola Consolidated, Inc. (COKE) had an operating margin of 13.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Coca-Cola Consolidated, Inc.'s net profit margin?

Coca-Cola Consolidated, Inc. (COKE) had a net profit margin of 7.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Coca-Cola Consolidated, Inc.'s free cash flow?

Coca-Cola Consolidated, Inc. (COKE) generated $619.6M in free cash flow during fiscal year 2025. This represents a 22.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Coca-Cola Consolidated, Inc.'s operating cash flow?

Coca-Cola Consolidated, Inc. (COKE) generated $931.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Coca-Cola Consolidated, Inc.'s total assets?

Coca-Cola Consolidated, Inc. (COKE) had $4.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Coca-Cola Consolidated, Inc.'s capital expenditures?

Coca-Cola Consolidated, Inc. (COKE) invested $312.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Coca-Cola Consolidated, Inc. buy back shares?

Yes, Coca-Cola Consolidated, Inc. (COKE) spent $2.6B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Coca-Cola Consolidated, Inc.'s current ratio?

Coca-Cola Consolidated, Inc. (COKE) had a current ratio of 1.26 as of fiscal year 2025, which is considered adequate.

What is Coca-Cola Consolidated, Inc.'s return on assets (ROA)?

Coca-Cola Consolidated, Inc. (COKE) had a return on assets of 13.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Coca-Cola Consolidated, Inc.'s P/E ratio?

Coca-Cola Consolidated, Inc. (COKE) trades at 22.8x earnings, its market capitalization divided by net income of $550.0M net income, trailing 12 months to July 3, 2026. The market capitalization is $12.5B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Coca-Cola Consolidated, Inc.'s price-to-sales ratio?

Coca-Cola Consolidated, Inc. (COKE) trades at 1.6x sales, its market capitalization divided by revenue of $7.7B revenue, trailing 12 months to July 3, 2026. The market capitalization is $12.5B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is Coca-Cola Consolidated, Inc.'s debt-to-equity ratio negative or not reported?

Coca-Cola Consolidated, Inc. (COKE) has negative shareholder equity of -$739.7M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Coca-Cola Consolidated, Inc.'s Altman Z-Score?

Coca-Cola Consolidated, Inc. (COKE) has an Altman Z-Score of 3.71, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Coca-Cola Consolidated, Inc.'s Piotroski F-Score?

Coca-Cola Consolidated, Inc. (COKE) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Coca-Cola Consolidated, Inc.'s earnings high quality?

Coca-Cola Consolidated, Inc. (COKE) has an earnings quality ratio of 1.63x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Coca-Cola Consolidated, Inc. cover its interest payments?

Coca-Cola Consolidated, Inc. (COKE) has an interest coverage ratio of 22.28x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Coca-Cola Consolidated, Inc.?

Coca-Cola Consolidated, Inc. (COKE) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.