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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $47.9B | $18.7B | $13.1B | $5.3B | 40.7% | 1.9% | 23.3% |
| 2024 | $47.1B | $15.8B | $10.6B | $4.7B | 42.8% | 2.9% | -0.8% |
| 2023 | $45.8B | $15.6B | $10.7B | $9.7B | 41.3% | 6.4% | 12.3% |
| 2022 | $43.0B | $13.8B | $9.5B | $9.5B | 39.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 43,004 | 45,754 | 47,061 | 47,941 |
| Operating Revenue | - | 43,004 | 45,754 | 47,061 | 47,941 |
| Cost Of Revenue | - | 18,000 | 18,520 | 18,324 | 18,397 |
| Gross Profit | - | 25,004 | 27,234 | 28,737 | 29,544 |
| Operating Expense | - | 12,962 | 14,136 | 14,715 | 14,633 |
| Selling General And Administration | - | 12,880 | 13,972 | 14,582 | 14,521 |
| Total Expenses | - | 30,962 | 32,656 | 33,039 | 33,030 |
| Operating Income | - | 12,042 | 13,098 | 14,022 | 14,911 |
| Total Operating Income As Reported | - | 10,909 | 11,311 | 9,992 | 13,762 |
| EBITDA | - | 13,828 | 15,607 | 15,817 | 18,702 |
| Normalized EBITDA | - | 14,961 | 17,394 | 17,803 | 18,683 |
| EBIT | - | 12,568 | 14,479 | 14,742 | 17,652 |
| Interest Income | - | 449 | 907 | 988 | 786 |
| Interest Expense | - | 882 | 1,527 | 1,656 | 1,654 |
| Net Interest Income | - | -433 | -620 | -668 | -868 |
| Other Non Operating Income Expenses | - | -262 | 570 | -52 | -95 |
| Other Income Expense | - | 77 | 474 | -268 | 1,955 |
| Interest Income Non Operating | - | 449 | 907 | 988 | 786 |
| Interest Expense Non Operating | - | 882 | 1,527 | 1,656 | 1,654 |
| Net Non Operating Interest Income Expense | - | -433 | -620 | -668 | -868 |
| Pretax Income | - | 11,686 | 12,952 | 13,086 | 15,998 |
| Tax Provision | - | 2,115 | 2,249 | 2,437 | 2,861 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -205.07 | -310.94 | -373.76 | 3.40 |
| Net Income Continuous Operations | - | 9,571 | 10,703 | 10,649 | 13,137 |
| Net Income From Continuing And Discontinued Operation | - | 9,542 | 10,714 | 10,631 | 13,107 |
| Net Income From Continuing Operation Net Minority Interest | - | 9,542 | 10,714 | 10,631 | 13,107 |
| Net Income | - | 9,542 | 10,714 | 10,631 | 13,107 |
| Net Income Common Stockholders | - | 9,542 | 10,714 | 10,631 | 13,107 |
| Net Income Including Noncontrolling Interests | - | 9,571 | 10,703 | 10,649 | 13,137 |
| Normalized Income | - | 10,469.93 | 12,190.06 | 12,264.24 | 13,091.40 |
| Diluted NI Availto Com Stockholders | - | 9,542 | 10,714 | 10,631 | 13,107 |
| Basic Average Shares | - | 4,328 | 4,323 | 4,309 | 4,303 |
| Diluted Average Shares | - | 4,350 | 4,339 | 4,320 | 4,313 |
| Reconciled Depreciation | - | 1,260 | 1,128 | 1,075 | 1,050 |
| Reconciled Cost Of Revenue | - | 18,000 | 18,520 | 18,324 | 17,362 |
| Total Unusual Items | - | -1,133 | -1,787 | -1,986 | 19 |
| Total Unusual Items Excluding Goodwill | - | -1,133 | -1,787 | -1,986 | 19 |
| Minority Interests | - | -29 | 11 | -18 | -30 |
| Special Income Charges | - | -1,133 | -1,787 | -2,301 | -501 |
| Gain On Sale Of Business | 809 | - | -35 | 842 | 635 |
| Other Special Charges | - | -219 | -42 | -23 | 10 |
| Write Off | - | 96 | 39 | 34 | 65 |
| Impairment Of Capital Assets | 78 | 57 | - | 886 | 1,045 |
| Restructuring And Mergern Acquisition | - | 1,076 | 1,744 | 2,246 | 16 |
| Gain On Sale Of Security | - | -496 | 185 | 315 | 520 |
| Depreciation Amortization Depletion Income Statement | - | - | 15 | - | 15 |
| Depreciation And Amortization In Income Statement | - | - | 15 | - | 15 |
| General And Administrative Expense | - | 356 | 254 | 9,482 | 9,121 |
| Other Gand A | 5,135 | - | - | 9,196 | 8,842 |
| Salaries And Wages | - | 356 | 254 | 286 | 279 |
| Gain On Sale Of Ppe | - | - | -35 | - | - |
| Other Operating Expenses | - | 82 | 164 | 133 | 97 |
| Selling And Marketing Expense | - | 7,086 | 7,609 | 5,100 | 5,400 |
| Earnings From Equity Interest | - | 1,472 | 1,691 | 1,770 | 2,031 |
| Amortization | - | - | 15 | - | 15 |
| Amortization Of Intangibles Income Statement | - | - | 15 | - | 15 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Coca-Cola Companythis co. | KO | $330.5B | 25.22 | 10.27 | 40.7% | 19.56 |
| Costco Wholesale Corporation | COST | $431.2B | 53.24 | 14.79 | 27.8% | 31.74 |
| The Procter & Gamble Company | PG | $327.8B | 20.90 | 6.30 | 30.2% | 14.79 |
| Philip Morris International Inc. | PM | $272.7B | 24.03 | -27.29 | -113.5% | 18.14 |
| PepsiCo, Inc. | PEP | $194.3B |
| - |
| - |
| - |
| - |
| - |
| 23.58 |
| 9.52 |
| 40.4% |
| 15.12 |
| Altria Group, Inc. | MO | $117.9B | 16.97 | -33.66 | -198.4% | 12.84 |
| Monster Beverage Corporation | MNST | $86.6B | 45.45 | 10.49 | 23.1% | 33.23 |
| Mondelez International, Inc. | MDLZ | $78.3B | 31.94 | 3.03 | 9.5% | 19.71 |
| Colgate-Palmolive Company | CL | $68.1B | 31.94 | 1261.04 | 3948.1% | 19.05 |
| Peer Median | - | 27.99 | 7.91 | 25.4% | 18.59 | |