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, glacΓ©au smartwater, glacΓ©au 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 |
| 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 |
| Operating Income | - | 12,042 | 13,098 | 14,022 | 14,911 |
| EBITDA | - | 13,828 | 15,607 | 15,817 | 18,702 |
| EBIT | - | 12,568 | 14,479 | 14,742 | 17,652 |
| Pretax Income | - | 11,686 | 12,952 | 13,086 | 15,998 |
| Tax Provision | - | 2,115 | 2,249 | 2,437 | 2,861 |
| Net Income | - | 9,542 | 10,714 | 10,631 | 13,107 |
| Net Income Common Stockholders | - | 9,542 | 10,714 | 10,631 | 13,107 |
| Total Expenses | - | 30,962 | 32,656 | 33,039 | 33,030 |
| Interest Expense | - | 882 | 1,527 | 1,656 | 1,654 |
| Interest Income | - | 449 | 907 | 988 | 786 |
| Selling General And Administration | - | 12,880 | 13,972 | 14,582 | 14,521 |
| Normalized EBITDA | - | 14,961 | 17,394 | 17,803 | 18,683 |
| Normalized Income | - | 10,469.93 | 12,190.06 | 12,264.24 | 13,091.40 |
| Market Cap | 329,827 | 329,827 | 329,827 | 329,827 | 329,827 |
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 | $329.3B | 25.16β discount | 10.25 | 40.7% | 19.52 |
| Costco Wholesale Corporation | COST | $448.7B | 55.39 | 15.38 | 27.8% | 33.04 |
| The Procter & Gamble Company | PG | $354.7B | 21.68 | 6.76 | 31.2% | 15.56 |
| PepsiCo, Inc. | PEP | $212.5B | 25.79 | 10.41 | 40.4% | 16.29 |
| Altria Group, Inc. | MO | $112.8B |
| - |
| - |
| - |
| - |
| - |
| 16.10 |
| -31.93 |
| -198.4% |
| 12.28 |
| Monster Beverage Corporation | MNST | $76.4B | 40.15 | 9.27 | 23.1% | - |
| Mondelez International, Inc. | MDLZ | $74.7B | 30.17 | 2.86 | 9.5% | 18.83 |
| Colgate-Palmolive Company | CL | $68.3B | 31.85 | 1257.68 | 3948.1% | 19.00 |
| Target Corporation | TGT | $58.7B | 15.80 | 3.62 | 22.9% | 8.79 |
| Peer Median | - | 27.98 | 8.01 | 25.4% | 16.29 | |