KO

COCA COLA CO

Consumer Staples • CIK: 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%

LATEST EARNINGS

Q1 2026
19 days 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: 5.2%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
15.8%
Stable
+0.0% YoY+4.3%
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)
2.17x
D/E: 1.17x
DuPont: 25.0%15.8% 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

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024
Revenue
$49.3B
$12.5B5.5%
$11.8B5.1%
$12.5B0.6%
$12.5B12.6%
$11.1B3.6%
$11.5B2.6%
$11.9B4.1%
$12.4B
Operating Income
$14.5B
$4.4B136.8%
$1.8B53.8%
$4.0B7.0%
$4.3B17.0%
$3.7B35.1%
$2.7B7.9%
$2.5B4.6%
$2.6B
Net Income
$13.7B
$3.9B72.8%
$2.3B38.6%
$3.7B3.0%
$3.8B14.4%
$3.3B51.7%
$2.2B22.9%
$2.8B18.1%
$2.4B
Operating Cash Flow
$14.6B
$2.0B46.2%
$3.8B25.5%
$5.0B32.3%
$3.8B173.3%
$-5.2B231.7%
$4.0B413.8%
$-1.3B135.1%
$3.6B
Free Cash Flow
$12.6B
$1.8B38.9%
$2.9B37.0%
$4.6B35.5%
$3.4B161.1%
$-5.5B275.1%
$3.1B282.2%
$-1.7B154.6%
$3.2B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
24.1x
Volatile
8Q: 100.1x-1973%
Valuation Lenses
Earnings
24.1x
vs sector
Cash Flow
28.9x
EV/FCF vs
Growth-Adj
0.9xPEG
Undervalued for growth
Quality-Adj
1.5P/E per %ROIC
ROIC: 15.8%
Shareholder Returns
Dividend
3.3%
Buyback
0.3%
Total Yield
3.6%
Market Cap$330.13B
EV$362.68B
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%
15.8%
8Q:
+4.3%
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: $28.23B
Interest Coverage
Leverage Metrics
Debt-to-Equity
1.17x
Balance sheet risk & solvency analysis