What is Coca-Cola Company's earnings per share (EPS)?

Coca-Cola Company (KO) reported diluted earnings per share of $3.04 for fiscal year 2025. This represents a 23.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Coca-Cola Company Financials

Trailing 12 months to April 3, 2026

Revenue $49.3B +5.1% YoY

Net Income $13.7B +27.0% YoY

EPS (Diluted) $3.18 +27.2% YoY

Free Cash Flow $12.6B +1453.7% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Apr 3, 2026 Reported Apr 30, 2026 Currency USD FYE December

Coca-Cola Company (KO) reported $49.3B in revenue over the twelve months to Apr 3, 2026, up 5.1% 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 KO FY2025 2026-04-30

Margin recovery rather than sales growth drove FY2025, revealing a high-gross-margin business whose earnings hinge on overhead discipline.

Revenue rose only 1.9% from FY2024 to FY2025, yet operating margin climbed to 28.7%. Because SG&A was essentially flat, that profit rebound points to cost normalization below gross profit rather than a major change in demand. The catch is cash conversion lagged: net income was $13.1B but free cash flow only $5.3B, so the income statement improved faster than spendable cash.

Leverage eased in FY2025, but not because debt was paid down aggressively: long-term debt stayed near $42.1B while equity rebuilt to $32.2B. The lower debt-to-equity ratio reflects a stronger capital base more than a smaller borrowing burden.

Shareholder payouts are also running ahead of current free cash flow: dividends consumed $8.8B against $5.3B of FCF in FY2025. Improved liquidity helps, and cash remained around $10.3B, but that gap shows distribution capacity is leaning more on the balance sheet than on this year's cash generation.

Financial Health Signals

Financial Health Score 60/100

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 Company'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 Company has an operating margin of 28.7%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is up from 21.2% the prior year.

Growth

Coca-Cola Company's revenue grew a modest 1.9% year-over-year to $47.9B. This slow but positive growth earns a score of 40/100.

Leverage

Coca-Cola Company has elevated debt relative to equity (D/E of 1.31), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 29/100, reflecting increased financial risk.

Liquidity

Coca-Cola Company's current ratio of 1.46 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Coca-Cola Company converts 11.1% of revenue into free cash flow ($5.3B). This strong cash generation earns a score of 74/100.

Returns

Coca-Cola Company earns a strong 40.7% return on equity (ROE), meaning it generates $41 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 87/100. This is down from 42.8% the prior year.

Altman Z-Score Safe

5.26

Coca-Cola Company scores 5.26, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($385.8B) relative to total liabilities ($72.6B). 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 Strong

7/9

Coca-Cola Company passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.57x

For every $1 of reported earnings, Coca-Cola Company generates $0.57 in operating cash flow ($7.4B OCF vs $13.1B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

8.32x

Coca-Cola Company earns $8.32 in operating income for every $1 of interest expense ($13.8B vs $1.7B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$47.9B

YoY+1.9%

5Y CAGR+7.7%

10Y CAGR+0.8%

Coca-Cola Company generated $47.9B in revenue in fiscal year 2025. This represents an increase of 1.9% from the prior year.

EBITDA

$14.8B

YoY+33.8%

5Y CAGR+7.1%

10Y CAGR+3.3%

Coca-Cola Company's EBITDA was $14.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 33.8% from the prior year.

Net Income

$13.1B

YoY+23.3%

5Y CAGR+11.1%

10Y CAGR+6.0%

Coca-Cola Company reported $13.1B in net income in fiscal year 2025. This represents an increase of 23.3% from the prior year.

EPS (Diluted)

$3.04

YoY+23.6%

5Y CAGR+11.2%

10Y CAGR+6.2%

Coca-Cola Company earned $3.04 per diluted share (EPS) in fiscal year 2025. This represents an increase of 23.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$5.3B

YoY+11.7%

5Y CAGR-9.4%

10Y CAGR-4.0%

Coca-Cola Company generated $5.3B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 11.7% from the prior year.

Cash & Debt

$10.3B

YoY-5.2%

5Y CAGR+8.6%

10Y CAGR+3.5%

Coca-Cola Company held $10.3B in cash against $42.1B in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.04

YoY+5.2%

5Y CAGR+4.5%

10Y CAGR+4.4%

Coca-Cola Company paid $2.04 per share in dividends in fiscal year 2025. This represents an increase of 5.2% from the prior year.

Shares Outstanding

4.30B

YoY0.0%

5Y CAGR0.0%

10Y CAGR-0.1%

Coca-Cola Company had 4.30B shares outstanding in fiscal year 2025. That is unchanged from the prior year.

Margins & Returns

Gross Margin

61.6%

YoY+0.6pp

5Y CAGR+2.3pp

10Y CAGR+1.1pp

Coca-Cola Company's gross margin was 61.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.

Operating Margin

28.7%

YoY+7.5pp

5Y CAGR+1.5pp

10Y CAGR+9.0pp

Coca-Cola Company's operating margin was 28.7% in fiscal year 2025, reflecting core business profitability. This is up 7.5 percentage points from the prior year.

Net Margin

27.3%

YoY+4.7pp

5Y CAGR+3.9pp

10Y CAGR+10.7pp

Coca-Cola Company's net profit margin was 27.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.7 percentage points from the prior year.

Return on Equity

40.7%

YoY-2.0pp

5Y CAGR+0.6pp

10Y CAGR+12.0pp

Coca-Cola Company's ROE was 40.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.0 percentage points from the prior year.

Capital Allocation

Share Buybacks

$746.0M

YoY-58.4%

5Y CAGR+44.6%

10Y CAGR-14.5%

Coca-Cola Company spent $746.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 58.4% from the prior year.

Capital Expenditures

$2.1B

YoY+2.3%

5Y CAGR+12.4%

10Y CAGR-1.9%

Coca-Cola Company invested $2.1B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 2.3% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

KO Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

KO quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$49.3B	$47.9B+1.9%	$47.1B+2.9%	$45.8B+6.4%	$43.0B+11.3%	$38.7B+17.1%	$33.0B-11.4%	$37.3B+8.6%	$34.3B-5.3%	$36.2B-13.5%	$41.9B-5.5%	$44.3B-3.7%	$46.0B-1.8%	$46.9B-2.4%	$48.0B+3.2%	$46.5B
Cost of Revenue	$18.9B	$18.4B+0.4%	$18.3B-1.1%	$18.5B+2.9%	$18.0B+17.2%	$15.4B+14.3%	$13.4B-8.1%	$14.6B+11.9%	$13.1B-4.8%	$13.7B-16.7%	$16.5B-5.8%	$17.5B-2.3%	$17.9B-2.9%	$18.4B-3.3%	$19.1B+4.6%	$18.2B
Gross Profit	$30.4B	$29.5B+2.8%	$28.7B+5.5%	$27.2B+8.9%	$25.0B+7.3%	$23.3B+19.0%	$19.6B-13.5%	$22.6B+6.7%	$21.2B-5.6%	$22.5B-11.4%	$25.4B-5.3%	$26.8B-4.6%	$28.1B-1.1%	$28.4B-1.8%	$29.0B+2.2%	$28.3B
SG&A Expenses	$14.8B	$14.5B-0.4%	$14.6B+4.4%	$14.0B+8.5%	$12.9B+6.1%	$12.1B+24.8%	$9.7B-19.6%	$12.1B+10.0%	$11.0B-14.3%	$12.8B-16.5%	$15.4B-6.4%	$16.4B-4.6%	$17.2B-0.5%	$17.3B-2.4%	$17.7B+1.8%	$17.4B
Operating Income	$14.5B	$13.8B+37.7%	$10.0B-11.7%	$11.3B+3.7%	$10.9B+5.8%	$10.3B+14.6%	$9.0B-10.8%	$10.1B+10.2%	$9.2B+18.0%	$7.8B-10.4%	$8.7B-0.8%	$8.7B-10.1%	$9.7B-5.1%	$10.2B-5.1%	$10.8B+6.0%	$10.2B
Interest Expense	$1.6B	$1.7B-0.1%	$1.7B+8.4%	$1.5B+73.1%	$882.0M-44.8%	$1.6B+11.1%	$1.4B+51.9%	$946.0M-0.4%	$950.0M+11.4%	$853.0M+16.4%	$733.0M-14.4%	$856.0M+77.2%	$483.0M+4.3%	$463.0M+16.6%	$397.0M-4.8%	$417.0M
Income Tax	$2.8B	$2.9B+17.4%	$2.4B+8.4%	$2.2B+6.3%	$2.1B-19.3%	$2.6B+32.3%	$2.0B+10.0%	$1.8B+3.0%	$1.7B-68.8%	$5.6B+253.5%	$1.6B-29.2%	$2.2B+1.7%	$2.2B-22.8%	$2.9B+4.7%	$2.7B-3.2%	$2.8B
Net Income	$13.7B	$13.1B+23.3%	$10.6B-0.8%	$10.7B+12.3%	$9.5B-2.3%	$9.8B+26.1%	$7.7B-13.2%	$8.9B+38.6%	$6.4B+415.5%	$1.2B-80.9%	$6.5B-11.2%	$7.4B+3.6%	$7.1B-17.3%	$8.6B-4.8%	$9.0B+5.1%	$8.6B
EPS (Diluted)	$3.18	$3.04+23.6%	$2.46-0.4%	$2.47+12.8%	$2.19-2.7%	$2.25+25.7%	$1.79-13.5%	$2.07+38.0%	$1.50+417.2%	$0.29-80.5%	$1.49-10.8%	$1.67+4.4%	$1.60-15.8%	$1.90-3.6%	$1.97	$1.85

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$12.5B+5.5%	$11.8B-5.1%	$12.5B-0.6%	$12.5B+12.6%	$11.1B-3.6%	$11.5B-2.6%	$11.9B-4.1%	$12.4B
Cost of Revenue	$4.6B-2.2%	$4.7B-1.5%	$4.8B+1.8%	$4.7B+13.2%	$4.2B-9.8%	$4.6B-1.1%	$4.7B-3.1%	$4.8B
Gross Profit	$7.9B+10.6%	$7.1B-7.3%	$7.7B-2.1%	$7.8B+12.3%	$7.0B+0.5%	$6.9B-3.6%	$7.2B-4.8%	$7.6B
SG&A Expenses	$3.5B-17.3%	$4.2B+16.1%	$3.6B+4.3%	$3.5B+7.3%	$3.2B-20.1%	$4.0B+11.3%	$3.6B+2.5%	$3.5B
Operating Income	$4.4B+136.8%	$1.8B-53.8%	$4.0B-7.0%	$4.3B+17.0%	$3.7B+35.1%	$2.7B+7.9%	$2.5B-4.6%	$2.6B
Interest Expense	$375.0M-13.0%	$431.0M+10.2%	$391.0M-12.1%	$445.0M+15.0%	$387.0M-10.2%	$431.0M+1.4%	$425.0M+1.7%	$418.0M
Income Tax	$645.0M-0.2%	$646.0M+29.2%	$500.0M-49.6%	$993.0M+37.5%	$722.0M+21.8%	$593.0M+11.9%	$530.0M-15.5%	$627.0M
Net Income	$3.9B+72.8%	$2.3B-38.6%	$3.7B-3.0%	$3.8B+14.4%	$3.3B+51.7%	$2.2B-22.9%	$2.8B+18.1%	$2.4B
EPS (Diluted)	$0.91+71.7%	$0.53-38.4%	$0.86-2.3%	$0.88+14.3%	$0.77+51.0%	$0.51-22.7%	$0.66+17.9%	$0.56

Not reported in any period shown, so not listed: R&D Expenses.

KO Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

KO quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$104.8B+4.2%	$100.5B+2.9%	$97.7B+5.3%	$92.8B-1.7%	$94.4B+8.1%	$87.3B+1.1%	$86.4B+3.8%	$83.2B-5.3%	$87.9B+0.7%	$87.3B-3.0%	$90.0B-2.1%	$92.0B+2.1%	$90.1B+4.5%	$86.2B+7.8%	$80.0B
Current Assets	$31.0B+19.4%	$26.0B-2.7%	$26.7B+18.3%	$22.6B+0.2%	$22.5B+17.2%	$19.2B-5.7%	$20.4B-18.1%	$24.9B-16.8%	$30.0B-11.9%	$34.0B+1.8%	$33.4B+1.2%	$33.0B+5.4%	$31.3B+3.2%	$30.3B+18.9%	$25.5B
Cash & Equivalents	$10.3B-5.2%	$10.8B+15.6%	$9.4B-1.6%	$9.5B-1.7%	$9.7B+42.5%	$6.8B+4.9%	$6.5B-28.6%	$9.1B+48.8%	$6.1B-28.7%	$8.6B+17.0%	$7.3B-18.4%	$9.0B-14.0%	$10.4B+23.4%	$8.4B-34.1%	$12.8B
Inventory	$4.4B-6.4%	$4.7B+6.9%	$4.4B+4.5%	$4.2B+24.0%	$3.4B+4.5%	$3.3B-3.3%	$3.4B+10.0%	$3.1B+4.0%	$3.0B+10.4%	$2.7B-7.8%	$2.9B-6.4%	$3.1B-5.4%	$3.3B+0.4%	$3.3B+5.6%	$3.1B
Accounts Receivable	$3.0B-14.9%	$3.6B+4.7%	$3.4B-2.2%	$3.5B-0.7%	$3.5B+11.7%	$3.1B-20.8%	$4.0B+7.8%	$3.7B-7.1%	$4.0B+2.9%	$3.9B-2.2%	$3.9B-11.8%	$4.5B-8.4%	$4.9B+2.4%	$4.8B-3.3%	$4.9B
Goodwill	$15.5B-14.6%	$18.1B-1.2%	$18.4B-2.3%	$18.8B-3.0%	$19.4B+10.6%	$17.5B+4.4%	$16.8B+18.8%	$14.1B+3.4%	$13.6B+28.4%	$10.6B-5.8%	$11.3B-6.7%	$12.1B-1.7%	$12.3B+0.5%	$12.3B+0.3%	$12.2B
Total Liabilities	$72.6B-4.0%	$75.7B+5.5%	$71.8B+4.5%	$68.7B-3.8%	$71.4B+4.9%	$68.0B+0.9%	$67.4B+1.8%	$66.2B-6.5%	$70.8B+10.3%	$64.2B-0.4%	$64.4B+4.5%	$61.6B+8.4%	$56.9B+6.6%	$53.4B+10.4%	$48.3B
Current Liabilities	$21.3B-15.7%	$25.2B+7.1%	$23.6B+19.5%	$19.7B-1.1%	$19.9B+36.6%	$14.6B-45.9%	$27.0B-6.3%	$28.8B+7.6%	$26.7B+0.8%	$26.5B-1.5%	$26.9B-16.8%	$32.4B+16.4%	$27.8B0.0%	$27.8B+14.6%	$24.3B
Long-Term Debt	$42.1B-0.6%	$42.4B+19.2%	$35.5B-2.3%	$36.4B-4.6%	$38.1B-5.0%	$40.1B+45.8%	$27.5B+8.4%	$25.4B-18.7%	$31.2B+5.1%	$29.7B+4.8%	$28.3B+48.9%	$19.0B-0.8%	$19.2B+30.0%	$14.7B+7.9%	$13.7B
Total Equity	$32.2B+29.4%	$24.9B-4.2%	$25.9B+7.6%	$24.1B+4.8%	$23.0B+19.2%	$19.3B+1.7%	$19.0B+11.8%	$17.0B-0.5%	$17.1B-26.0%	$23.1B-9.8%	$25.6B-15.7%	$30.3B-8.6%	$33.2B+1.2%	$32.8B+3.7%	$31.6B
Retained Earnings	$80.4B+5.7%	$76.1B+3.1%	$73.8B+3.9%	$71.0B+2.8%	$69.1B+3.8%	$66.6B+1.1%	$65.9B+4.1%	$63.2B+4.6%	$60.4B-7.7%	$65.5B+0.7%	$65.0B+2.5%	$63.4B+2.8%	$61.7B+6.2%	$58.0B+8.3%	$53.6B

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$104.2B-0.6%	$104.8B-1.2%	$106.0B+1.6%	$104.3B+2.6%	$101.7B+1.2%	$100.5B-5.4%	$106.3B+5.0%	$101.2B
Current Assets	$30.4B-2.1%	$31.0B+13.9%	$27.2B+2.4%	$26.6B+1.6%	$26.2B+0.7%	$26.0B-14.2%	$30.3B-4.1%	$31.6B
Cash & Equivalents	$10.6B+3.0%	$10.3B-19.3%	$12.7B+32.8%	$9.6B+13.9%	$8.4B-22.3%	$10.8B-22.3%	$13.9B+1.7%	$13.7B
Inventory	$4.7B+6.9%	$4.4B-7.9%	$4.8B-5.5%	$5.1B-0.4%	$5.1B+7.9%	$4.7B+0.3%	$4.7B-1.0%	$4.8B
Accounts Receivable	$3.7B+21.0%	$3.0B-23.0%	$3.9B-5.3%	$4.2B+1.9%	$4.1B+14.6%	$3.6B-15.7%	$4.2B-6.9%	$4.5B
Goodwill	$15.4B-0.5%	$15.5B-17.0%	$18.7B0.0%	$18.7B+1.8%	$18.3B+1.1%	$18.1B-2.9%	$18.7B+2.0%	$18.3B
Total Liabilities	$70.6B-2.8%	$72.6B-2.9%	$74.8B-1.3%	$75.7B+0.3%	$75.5B-0.2%	$75.7B-5.1%	$79.7B+5.8%	$75.3B
Current Liabilities	$22.4B+5.2%	$21.3B-5.4%	$22.5B+2.5%	$21.9B-7.8%	$23.8B-5.7%	$25.2B-11.6%	$28.6B-2.4%	$29.3B
Long-Term Debt	$39.1B-7.3%	$42.1B-2.5%	$43.2B-4.0%	$45.0B+3.3%	$43.5B+2.7%	$42.4B-1.4%	$43.0B+12.9%	$38.1B
Total Equity	$33.6B+4.6%	$32.2B+3.0%	$31.2B+9.3%	$28.6B+9.1%	$26.2B+5.4%	$24.9B-6.3%	$26.5B+2.6%	$25.9B
Retained Earnings	$82.0B+2.0%	$80.4B+0.1%	$80.3B+1.9%	$78.8B+2.1%	$77.2B+1.5%	$76.1B+0.1%	$75.9B+1.0%	$75.2B

KO Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

KO quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$14.6B	$7.4B+8.9%	$6.8B-41.3%	$11.6B+5.3%	$11.0B-12.7%	$12.6B+28.3%	$9.8B-6.0%	$10.5B+37.3%	$7.6B+8.3%	$7.0B-19.9%	$8.8B-16.5%	$10.5B-0.8%	$10.6B+0.7%	$10.5B-1.0%	$10.6B+12.4%	$9.5B
Capital Expenditures	$2.1B	$2.1B+2.3%	$2.1B+11.4%	$1.9B+24.8%	$1.5B+8.6%	$1.4B+16.1%	$1.2B-42.7%	$2.1B+32.7%	$1.5B-11.5%	$1.8B-22.6%	$2.3B-11.4%	$2.6B+6.1%	$2.4B-5.6%	$2.5B-8.3%	$2.8B-4.8%	$2.9B
Free Cash Flow	$12.6B	$5.3B+11.7%	$4.7B-51.4%	$9.7B+2.2%	$9.5B-15.3%	$11.3B+29.9%	$8.7B+3.0%	$8.4B+38.5%	$6.1B+14.9%	$5.3B-19.0%	$6.5B-18.1%	$8.0B-2.9%	$8.2B+2.7%	$8.0B+1.6%	$7.9B+20.0%	$6.6B
Investing Cash Flow	$2.7B	-$67.0M-102.7%	$2.5B+175.4%	-$3.3B-338.9%	-$763.0M+72.4%	-$2.8B-87.2%	-$1.5B+62.9%	-$4.0B-167.1%	$5.9B+356.4%	-$2.3B-130.3%	-$1.0B+83.8%	-$6.2B+17.6%	-$7.5B-78.1%	-$4.2B+63.0%	-$11.4B-351.8%	-$2.5B
Financing Cash Flow	-$15.4B	-$8.1B-17.8%	-$6.9B+16.8%	-$8.3B+18.9%	-$10.3B-51.0%	-$6.8B+15.9%	-$8.1B+10.4%	-$9.0B+13.0%	-$10.3B-38.9%	-$7.4B-13.8%	-$6.5B-28.0%	-$5.1B-40.8%	-$3.6B+3.0%	-$3.7B-11.9%	-$3.3B-49.8%	-$2.2B
Dividends Paid	$11.0B	$8.8B+5.0%	$8.4B+5.1%	$8.0B+4.4%	$7.6B+5.0%	$7.3B+2.9%	$7.0B+3.0%	$6.8B+3.0%	$6.6B+5.1%	$6.3B+4.6%	$6.0B+5.3%	$5.7B+7.3%	$5.3B+7.7%	$5.0B+8.1%	$4.6B+6.9%	$4.3B
Share Buybacks	$853.0M	$746.0M-58.4%	$1.8B-21.6%	$2.3B+61.4%	$1.4B+1177.5%	$111.0M-5.9%	$118.0M-89.3%	$1.1B-42.3%	$1.9B-48.1%	$3.7B0.0%	$3.7B+3.3%	$3.6B-14.4%	$4.2B-13.9%	$4.8B+6.0%	$4.6B+1.0%	$4.5B

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$2.0B-46.2%	$3.8B-25.5%	$5.0B+32.3%	$3.8B+173.3%	-$5.2B-231.7%	$4.0B+413.8%	-$1.3B-135.1%	$3.6B
Capital Expenditures	$266.0M-69.8%	$882.0M+84.1%	$479.0M+8.4%	$442.0M+43.0%	$309.0M-61.5%	$803.0M+71.2%	$469.0M+11.1%	$422.0M
Free Cash Flow	$1.8B-38.9%	$2.9B-37.0%	$4.6B+35.5%	$3.4B+161.1%	-$5.5B-275.1%	$3.1B+282.2%	-$1.7B-154.6%	$3.2B
Investing Cash Flow	$1.7B+267.2%	-$1.0B-183.2%	$1.3B+59.1%	$789.0M+173.9%	-$1.1B-36.3%	-$783.0M-133.9%	$2.3B+246.3%	$667.0M
Financing Cash Flow	-$3.9B+23.4%	-$5.1B-60.9%	-$3.1B+7.1%	-$3.4B-198.5%	$3.4B+162.6%	-$5.5B-513.4%	-$894.0M+4.7%	-$938.0M
Dividends Paid	$2.3B-48.0%	$4.4B+108.2%	$2.1B-3.9%	$2.2B+2365.2%	$89.0M-97.8%	$4.1B+95.5%	$2.1B+0.2%	$2.1B
Share Buybacks	$477.0M+367.6%	$102.0M-40.7%	$172.0M+68.6%	$102.0M-72.4%	$370.0M-34.7%	$567.0M+60.2%	$354.0M+105.8%	$172.0M

KO Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

KO quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	61.6%+0.6pp	61.1%+1.5pp	59.5%+1.4pp	58.1%-2.1pp	60.3%+1.0pp	59.3%-1.5pp	60.8%-1.1pp	61.9%-0.2pp	62.1%+1.4pp	60.7%+0.1pp	60.5%-0.6pp	61.1%+0.4pp	60.7%+0.4pp	60.3%-0.5pp	60.9%
Operating Margin	28.7%+7.5pp	21.2%-3.5pp	24.7%-0.6pp	25.4%-1.3pp	26.7%-0.6pp	27.3%+0.2pp	27.1%+0.4pp	26.7%+5.3pp	21.4%+0.7pp	20.7%+1.0pp	19.7%-1.4pp	21.1%-0.7pp	21.8%-0.6pp	22.4%+0.6pp	21.9%
Net Margin	27.3%+4.7pp	22.6%-0.8pp	23.4%+1.2pp	22.2%-3.1pp	25.3%+1.8pp	23.5%-0.5pp	23.9%+5.2pp	18.8%+15.3pp	3.5%-12.1pp	15.6%-1.0pp	16.6%+1.2pp	15.4%-2.9pp	18.3%-0.5pp	18.8%+0.3pp	18.4%
Return on Equity	40.7%-2.0pp	42.8%+1.5pp	41.3%+1.7pp	39.6%-2.9pp	42.5%+2.3pp	40.1%-6.9pp	47.0%+9.1pp	37.9%+30.6pp	7.3%-21.0pp	28.3%-0.5pp	28.8%+5.4pp	23.4%-2.5pp	25.9%-1.6pp	27.5%+0.4pp	27.1%
Return on Assets	12.5%+1.9pp	10.6%-0.4pp	11.0%+0.7pp	10.3%-0.1pp	10.4%+1.5pp	8.9%-1.5pp	10.3%+2.6pp	7.7%+6.3pp	1.4%-6.1pp	7.5%-0.7pp	8.2%+0.4pp	7.7%-1.8pp	9.5%-0.9pp	10.5%-0.3pp	10.7%
Current Ratio	1.46+0.4x	1.03-0.1x	1.130.0x	1.150.0x	1.13-0.2x	1.32+0.6x	0.76-0.1x	0.87-0.3x	1.12-0.2x	1.280.0x	1.24+0.2x	1.02-0.1x	1.130.0x	1.090.0x	1.05
Debt-to-Equity	1.31-0.4x	1.70+0.3x	1.37-0.1x	1.51-0.1x	1.66-0.4x	2.08+0.6x	1.450.0x	1.49-0.3x	1.83+0.5x	1.29+0.2x	1.11+0.5x	0.630.0x	0.58+0.1x	0.450.0x	0.43
FCF Margin	11.1%+1.0pp	10.1%-11.2pp	21.3%-0.9pp	22.2%-7.0pp	29.1%+2.9pp	26.3%+3.7pp	22.6%+4.9pp	17.7%+3.1pp	14.6%-1.0pp	15.6%-2.4pp	18.0%+0.2pp	17.8%+0.8pp	17.1%+0.7pp	16.4%+2.3pp	14.1%

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	63.0%+2.9pp	60.1%-1.4pp	61.5%-0.9pp	62.4%-0.2pp	62.6%+2.5pp	60.0%-0.6pp	60.7%-0.4pp	61.1%
Operating Margin	34.9%+19.4pp	15.6%-16.4pp	32.0%-2.2pp	34.1%+1.3pp	32.9%+9.4pp	23.5%+2.3pp	21.2%-0.1pp	21.3%
Net Margin	31.5%+12.3pp	19.2%-10.5pp	29.7%-0.7pp	30.4%+0.5pp	29.9%+10.9pp	19.0%-5.0pp	24.0%+4.5pp	19.5%
Return on Equity	11.7%+4.6pp	7.1%-4.8pp	11.8%-1.5pp	13.3%+0.6pp	12.7%+3.9pp	8.8%-1.9pp	10.7%+1.4pp	9.3%
Return on Assets	3.8%+1.6pp	2.2%-1.3pp	3.5%-0.2pp	3.6%+0.4pp	3.3%+1.1pp	2.2%-0.5pp	2.7%+0.3pp	2.4%
Current Ratio	1.36-0.1x	1.46+0.2x	1.210.0x	1.21+0.1x	1.10+0.1x	1.030.0x	1.060.0x	1.08
Debt-to-Equity	1.16-0.1x	1.31-0.1x	1.38-0.2x	1.57-0.1x	1.660.0x	1.70+0.1x	1.62+0.1x	1.47
FCF Margin	14.1%-10.2pp	24.3%-12.3pp	36.6%+9.8pp	26.9%+76.4pp	-49.5%-76.8pp	27.3%+41.9pp	-14.6%-40.2pp	25.6%

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Where Coca-Cola Company Ranks

Frequently Asked Questions

What is Coca-Cola Company's annual revenue?

Coca-Cola Company (KO) reported $47.9B in total revenue for fiscal year 2025. This represents a 1.9% 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 Company's revenue growing?

Coca-Cola Company (KO) revenue grew by 1.9% year-over-year, from $47.1B to $47.9B in fiscal year 2025.

Is Coca-Cola Company profitable?

Yes, Coca-Cola Company (KO) reported a net income of $13.1B in fiscal year 2025, with a net profit margin of 27.3%.

What is Coca-Cola Company's EBITDA?

Coca-Cola Company (KO) had EBITDA of $14.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Coca-Cola Company have?

As of fiscal year 2025, Coca-Cola Company (KO) had $10.3B in cash and equivalents against $42.1B in long-term debt.

What is Coca-Cola Company's gross margin?

Coca-Cola Company (KO) had a gross margin of 61.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Coca-Cola Company's operating margin?

Coca-Cola Company (KO) had an operating margin of 28.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Coca-Cola Company's net profit margin?

Coca-Cola Company (KO) had a net profit margin of 27.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Coca-Cola Company pay dividends?

Yes, Coca-Cola Company (KO) paid $2.04 per share in dividends during fiscal year 2025.

What is Coca-Cola Company's return on equity (ROE)?

Coca-Cola Company (KO) has a return on equity of 40.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Coca-Cola Company's free cash flow?

Coca-Cola Company (KO) generated $5.3B in free cash flow during fiscal year 2025. This represents a 11.7% 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 Company's operating cash flow?

Coca-Cola Company (KO) generated $7.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Coca-Cola Company's total assets?

Coca-Cola Company (KO) had $104.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Coca-Cola Company's capital expenditures?

Coca-Cola Company (KO) invested $2.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Coca-Cola Company buy back shares?

Yes, Coca-Cola Company (KO) spent $746.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Coca-Cola Company have outstanding?

Coca-Cola Company (KO) had 4.30B shares outstanding as of fiscal year 2025.

What is Coca-Cola Company's current ratio?

Coca-Cola Company (KO) had a current ratio of 1.46 as of fiscal year 2025, which is considered adequate.

What is Coca-Cola Company's debt-to-equity ratio?

Coca-Cola Company (KO) had a debt-to-equity ratio of 1.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Coca-Cola Company's return on assets (ROA)?

Coca-Cola Company (KO) had a return on assets of 12.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Coca-Cola Company's Altman Z-Score?

Coca-Cola Company (KO) has an Altman Z-Score of 5.26, 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 Company's Piotroski F-Score?

Coca-Cola Company (KO) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. 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 Company's earnings high quality?

Coca-Cola Company (KO) has an earnings quality ratio of 0.57x, considered mixed 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 Company cover its interest payments?

Coca-Cola Company (KO) has an interest coverage ratio of 8.32x, 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 Company?

Coca-Cola Company (KO) scores 60 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.