Coca-Cola Company (The) (KO) Stock Analysis
Consumer Defensive · Beverages - Non-Alcoholic · NYSE
Coca-Cola Company (The) (KO) posted $48.06B in revenue for fiscal 2025 (up 2.5% year over year), at a 27.3% net margin, and has compounded revenue about 7.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Coca-Cola Company (The)
Coca-Cola Company (The) has grown revenue from $41.86B to $48.06B over the last 10 fiscal years, compounding about 7.8% a year. The most recent year was up 2.5%, so growth has cooled from its longer-run pace.
Net margin sits at 27.3%, up 4.6 points year over year on a 61.5% gross margin.
At today's valuation the market is pricing in roughly 25.1% annual free-cash-flow growth — versus the -9.4% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. The one thing worth a second look in the filings is reported earnings run ahead of cash.
Synthesised from Coca-Cola Company (The)'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Coca-Cola Company (The) revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.86B | $36.21B | $34.30B | $37.27B | $33.01B | $38.66B | $43.05B | $45.78B | $46.90B | $48.06B |
| Gross profit | $25.40B | $22.49B | $21.23B | $22.65B | $19.58B | $23.30B | $25.00B | $27.23B | $28.74B | $29.54B |
| Net income | $6.53B | $1.25B | $6.43B | $8.92B | $7.75B | $9.77B | $9.54B | $10.71B | $10.63B | $13.11B |
| Net margin | 15.6% | 3.4% | 18.8% | 23.9% | 23.5% | 25.3% | 22.2% | 23.4% | 22.7% | 27.3% |
Source: Coca-Cola Company (The) SEC filings (10-K). 19 years of history available in the interactive view.
Coca-Cola Company (The): 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Reported earnings run ahead of cashOver 3 years net income totalled $34452M but operating cash flow only $25812M — earnings aren't fully backed by cash, an accruals flag worth investigating.
What growth is priced into KO stock?
At today's market cap of $376.86B, Coca-Cola Company (The) is priced for free-cash-flow growth of about 25.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $5.30B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -9.4%/yr over the last five fiscal years and revenue 7.8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Coca-Cola Company (The) financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeCoca-Cola Company (The) financial history by metric
Compare Coca-Cola Company (The) with peers
About Coca-Cola Company (The)
The Coca-Cola Company, a beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally. The company provides Trademark Coca-Cola, sparkling soft drinks and flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and emerging beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers comprising restaurants and convenience stores. The company sells its products under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, caffeine free Diet Coke, Cherry Coke, Fanta, Sprite, Simply, Fanta Orange, Fanta Zero Orange, Fanta Zero Sugar, Fanta Apple, Sprite Zero Sugar, Simply Orange, Simply Apple, Simply Grapefruit, Fresca, Schweppes, Thums Up, Aquarius, Ayataka, BODYARMOR, Ciel, Costa, Crystal, Dasani, Fuze Tea, Georgia, glacéau smartwater, glacéau vitaminwater, Gold Peak, I LOHAS, Powerade, Topo Chico, Core Power, Del Valle, fairlife, innocent, Maaza, Minute Maid, Minute Maid Pulpy, Santa Clara, and dogadan brands. It operates through a network of independent bottling partners, distributors, wholesalers, and retailers, as well as through bottling and distribution operators. The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia.
Coca-Cola Company (The) — frequently asked questions
What is Coca-Cola Company (The)'s revenue?
Coca-Cola Company (The) (KO) reported revenue of $48.06B for fiscal year 2025, up 2.5% from the prior year, according to its SEC filings.
Is Coca-Cola Company (The) profitable?
Yes. KO earned net income of $13.11B in fiscal 2025, a net margin of 27.3%.
What is KO's P/E ratio?
Coca-Cola Company (The) trades at a price-to-earnings ratio of about 26.3 based on the latest data in our nightly-refreshed cache.
How fast is Coca-Cola Company (The) growing?
KO's revenue grew at roughly 7.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Coca-Cola Company (The) have?
As of fiscal year 2025, KO carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Coca-Cola Company (The)'s gross margin?
KO's gross margin was 61.5% in fiscal 2025 — gross profit of $29.54B on revenue of $48.06B.
What is Coca-Cola Company (The)'s market cap?
Coca-Cola Company (The) (KO) has a market capitalization of about $376.86B, based on the latest data in our nightly-refreshed cache.
When does Coca-Cola Company (The)'s fiscal year end?
KO's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into KO stock?
At today's market cap of $376.86B, Coca-Cola Company (The) is priced for free-cash-flow growth of about 25.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $5.30B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -9.4%/yr over the last five fiscal years and revenue 7.8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Coca-Cola Company (The)'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.