KO

COCA COLA CO

Consumer StaplesCIK 0000021344

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Market Cap
$330.13B
P/E (TTM)
24.1x
Rev Growth (TTM)
+5.1%
Net Margin (TTM)
27.8%
FCF Yield (TTM)
3.8%
FCF Margin (TTM)
25.5%

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LATEST EARNINGS

Q1 2026
2 months ago
View source
Revenue
$12.47B
+12.0%
Net Income
$3.97B
+19.0%
EPS
N/A
Gross
63.0% +0.4%
Operating
35.0% +2.1%
Net
31.8% +1.8%
  • Net revenues grew 12% to $12.5 billion, with organic revenues growing 10%.
  • Diluted EPS grew 18% to $0.91, and comparable EPS grew 18% to $0.86.
  • Unit case volume grew 3% globally, led by China, the United States, and India.
  • Operating margin expanded to 35.0% from 32.9% in the prior year.

Cash Flow Health

Free Cash Flow6/8 positive
TTM$12.6B
Q1 '26
$1.8B-39%
Q4 '25
$2.9B-37%
FCF Margin
TTM25.5%
Q1 '2614.1%-42%
Sector: 5.6%Top 10%
OCF Margin29.7%
OCF/NI1.07x
CapEx Coverage7.1x
FCF Yield3.8%
FCF Growth (2Y)+12%
Cash Conversion Cycle
121 days
DSO: 28+DIO: 93DPO: 0

Capital Allocation & Returns

Balanced
Total Shareholder YieldTTM
TTM3.6%
Div Yield3.3%
+
Buyback (TTM)0.3%

Balancing returns with reinvestment

Dividend & Payout Metrics
Dividend Yield (TTM)3.3%
FCF Payout Ratio87.3%
Free Cash Flow (TTM)$12.6B
Stock Repurchases (TTM)$853.0M
Capital Return / FCF94.1%
Est. Dividends Paid (TTM)$11.0B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
15.5%
Stable
+0.0% YoY+3.9%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
24.4%
8Q: 22.8%
Asset Turnover
0.47x
8Q: 0.47x
Leverage (1+D/E)
2.30x
D/E: 1.30x
DuPont: 26.5%15.5% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
4.78x
8Q:4.67x
-10.4%
Invested Cap Turn
1.44x
8Q:1.49x
-25.1%
CapEx Intensity
6.0%
8Q:5.7%
CapEx/Depreciation
1.98x
Asset-based ROIC formula

Valuation Analysis

Fair Value
Price-to-EarningsTTM
24.1x
Volatile
8Q: 100.1x-1973%
Valuation Lenses
Earnings
24.1x
vs sector
Cash Flow
29.0x
EV/FCF vs
Growth-Adj
0.9xPEG
Undervalued for growth
Quality-Adj
1.6P/E per %ROIC
ROIC: 15.5%
Shareholder Returns
Dividend
3.3%
Buyback
0.3%
Total Yield
3.6%
Market Cap$330.13B
EV$364.22B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
94/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 10%
45.0%
8Q:
Return on Invested Capital (ROIC)Top 25%
15.5%
8Q:
+3.9%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 24.4%
Asset Turnover: 0.47x

Earnings Quality

Cash Conversion

1.07x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin61.7%

Capital Efficiency

Invested Capital Turnover1.44x

Working Capital

Cash Conversion Cycle121 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
61/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
5.1%
OpInc Growth YoY
19.1%
EPS Growth YoY
27.2%
FCF 3Y CAGR
11.7%

Growth Quality Analysis

Efficient Growth: Free cash flow growing faster than revenue

Margin Quality & Sustainability

High Quality
Profitability Cascade
Gross
61.7%
Operating
29.3%
Top 25% in sector
Net
27.8%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
-2.3 pts
FCF: 25.5% | Net: 27.8%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Leveraged
Net Debt / EBITDA
Net Debt: $32.73B
Interest Coverage
Leverage Metrics
Debt-to-Equity
1.30x
Balance sheet risk & solvency analysis