NASDAQ : CCEP
Coca-Cola Europacific Partners PLC — Financial statements
Consumer Staples · Beverages - Non-Alcoholic · United Kingdom
Last price 110.94 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 48.89B
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Financial statements
Coca-Cola Europacific Partners PLC (CCEP) reported revenue of 21.35B EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 21.35B | 20.90B | 20.44B | 18.30B | 17.32B | 13.76B |
| Cost of Revenue | 13.76B | 13.46B | 13.15B | 11.57B | 11.08B | 8.66B |
| Gross Profit | 7.59B | 7.44B | 7.28B | 6.73B | 6.24B | 5.10B |
| Selling, General & Admin | 4.70B | 4.65B | 4.68B | 4.39B | 4.09B | 3.38B |
| Other Operating Expenses | -107.00M | |||||
| Operating Expenses | 4.70B | 4.65B | 4.68B | 4.28B | 4.09B | 3.38B |
| Operating Income | 2.90B | 2.79B | 2.61B | 2.44B | 2.16B | 1.72B |
| Interest Expense | -313.00M | -297.00M | -263.00M | -179.00M | -176.00M | -163.00M |
| Interest & Investment Income | 100.00M | 103.00M | 85.00M | 65.00M | 67.00M | 43.00M |
| Currency Exchange Gain (Loss) | 3.00M | 3.00M | 2.00M | -5.00M | -5.00M | |
| Other Non Operating Income (Expenses) | -29.00M | -33.00M | -20.00M | -17.00M | -15.00M | -14.00M |
| EBT Excluding Unusual Items | 2.66B | 2.56B | 2.41B | 2.31B | 2.03B | 1.58B |
| Merger & Restructuring Charges | -107.00M | -111.00M | -283.00M | -106.00M | -166.00M | -202.00M |
| Gain (Loss) on Sale of Assets | 97.00M | 104.00M | ||||
| Asset Writedown | -189.00M | |||||
| Legal Settlements | 12.00M | -2.00M | 96.00M | |||
| Other Unusual Items | -1.00M | |||||
| Pretax Income | 2.65B | 2.57B | 1.94B | 2.20B | 1.96B | 1.38B |
| Income Tax Expense | 615.00M | 590.00M | 492.00M | 534.00M | 436.00M | 394.00M |
| Earnings From Continuing Operations | 2.03B | 1.98B | 1.44B | 1.67B | 1.52B | 988.00M |
| Minority Interest in Earnings | -37.00M | -37.00M | -26.00M | -13.00M | -6.00M | |
| Net Income | 2.00B | 1.94B | 1.42B | 1.67B | 1.51B | 982.00M |
| Net Income to Common | 2.00B | 1.94B | 1.42B | 1.67B | 1.51B | 982.00M |
| Shares Outstanding (Basic) | 449.50M | 456.00M | 460.00M | 459.00M | 457.00M | 456.00M |
| Shares Outstanding (Diluted) | 449.50M | 456.00M | 461.00M | 459.00M | 458.00M | 457.00M |
| EPS (Basic) | 4.44 | 4.26 | 3.08 | 3.64 | 3.30 | 2.15 |
| EPS (Diluted) | 4.44 | 4.26 | 3.08 | 3.63 | 3.29 | 2.15 |
| Free Cash Flow | 2.29B | 2.20B | 2.27B | 2.13B | 2.43B | 1.77B |
| Free Cash Flow Per Share | 5.08 | 4.83 | 4.92 | 4.65 | 5.31 | 3.87 |
| Dividend Per Share | 2.07 | 2.04 | 1.97 | 1.84 | 1.68 | 1.40 |
| Gross Margin | 35.57% | 35.58% | 35.63% | 36.77% | 36.05% | 37.08% |
| Operating Margin | 13.57% | 13.34% | 12.76% | 13.36% | 12.45% | 12.48% |
| Profit Margin | 9.35% | 9.29% | 6.94% | 9.12% | 8.71% | 7.13% |
| Free Cash Flow Margin | 10.70% | 10.54% | 11.11% | 11.66% | 14.04% | 12.85% |
| EBITDA | 3.53B | 3.42B | 3.24B | 3.23B | 2.93B | 2.44B |
| EBITDA Margin | 16.54% | 16.39% | 15.85% | 17.63% | 16.91% | 17.73% |
| D&A For EBITDA | 634.00M | 637.00M | 633.00M | 781.00M | 772.00M | 722.00M |
| EBIT | 2.90B | 2.79B | 2.61B | 2.44B | 2.16B | 1.72B |
| EBIT Margin | 13.57% | 13.34% | 12.76% | 13.36% | 12.45% | 12.48% |
| Effective Tax Rate | 23.23% | 22.97% | 25.41% | 24.24% | 22.28% | 28.51% |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.75B | 918.00M | 1.56B | 1.42B | 1.39B | 1.41B |
| Short-Term Investments | 241.00M | 39.00M | 150.00M | 568.00M | 256.00M | 58.00M |
| Trading Asset Securities | 15.00M | 47.00M | 97.00M | 6.00M | ||
| Cash & Short-Term Investments | 1.99B | 972.00M | 1.71B | 2.03B | 1.74B | 1.47B |
| Accounts Receivable | 3.52B | 2.78B | 2.65B | 2.67B | 2.70B | 2.45B |
| Other Receivables | 23.00M | 519.00M | 314.00M | 279.00M | 288.00M | 216.00M |
| Receivables | 3.54B | 3.30B | 2.97B | 2.95B | 2.99B | 2.66B |
| Inventory | 1.92B | 1.55B | 1.61B | 1.36B | 1.38B | 1.16B |
| Prepaid Expenses | 155.00M | 202.00M | 130.00M | 180.00M | 101.00M | |
| Other Current Assets | 866.00M | 102.00M | 148.00M | 136.00M | 254.00M | 367.00M |
| Total Current Assets | 8.32B | 6.08B | 6.64B | 6.61B | 6.54B | 5.76B |
| Property, Plant & Equipment | 6.20B | 6.16B | 6.43B | 5.34B | 5.20B | 5.25B |
| Long-Term Investments | 80.00M | 134.00M | 101.00M | 192.00M | 188.00M | |
| Goodwill | 4.63B | 4.54B | 4.69B | 4.51B | 4.60B | 4.62B |
| Other Intangible Assets | 12.70B | 12.49B | 12.75B | 12.39B | 12.51B | 12.64B |
| Long-Term Deferred Tax Assets | 1.00M | 5.00M | 24.00M | 1.00M | 21.00M | 60.00M |
| Other Long-Term Assets | 630.00M | 527.00M | 434.00M | 294.00M | 251.00M | 572.00M |
| Total Assets | 32.48B | 29.87B | 31.10B | 29.25B | 29.31B | 29.09B |
| Accounts Payable | 7.03B | 3.02B | 3.03B | 2.56B | 2.71B | 1.90B |
| Accrued Expenses | 7.00M | 3.11B | 2.74B | 2.61B | 2.55B | 2.29B |
| Short-Term Debt | 753.00M | 303.00M | 49.00M | 286.00M | ||
| Current Portion of Long-Term Debt | 736.00M | 1.18B | 1.15B | 1.20B | 930.00M | |
| Current Portion of Leases | 174.00M | 167.00M | 161.00M | 150.00M | 141.00M | 134.00M |
| Current Income Taxes Payable | 477.00M | 343.00M | 301.00M | 253.00M | 241.00M | 181.00M |
| Other Current Liabilities | 182.00M | 639.00M | 683.00M | 551.00M | 479.00M | 369.00M |
| Total Current Liabilities | 9.36B | 7.58B | 8.15B | 7.28B | 7.31B | 6.09B |
| Long-Term Debt | 10.03B | 9.79B | 9.51B | 9.69B | 10.21B | 11.32B |
| Long-Term Leases | 500.00M | 532.00M | 547.00M | 542.00M | 535.00M | 509.00M |
| Pension & Post-Retirement Benefits | 115.00M | 150.00M | 172.00M | 191.00M | 108.00M | 138.00M |
| Long-Term Deferred Tax Liabilities | 3.43B | 3.32B | 3.50B | 3.38B | 3.51B | 3.62B |
| Other Long-Term Liabilities | 287.00M | 189.00M | 241.00M | 198.00M | 190.00M | 198.00M |
| Total Liabilities | 23.72B | 21.57B | 22.11B | 21.28B | 21.87B | 21.88B |
| Common Stock | 5.00M | 5.00M | 5.00M | 5.00M | 5.00M | 5.00M |
| Additional Paid-In Capital | 308.00M | 308.00M | 307.00M | 276.00M | 234.00M | 220.00M |
| Retained Earnings | 8.94B | 8.82B | 8.80B | 8.23B | 7.43B | 6.68B |
| Comprehensive Income & Other | -973.00M | -1.30B | -625.00M | -536.00M | -220.00M | 131.00M |
| Total Common Equity | 8.28B | 7.83B | 8.49B | 7.98B | 7.45B | 7.03B |
| Minority Interest | 487.00M | 468.00M | 496.00M | 177.00M | ||
| Shareholders' Equity | 8.77B | 8.30B | 8.98B | 7.98B | 7.45B | 7.21B |
| Total Liabilities & Equity | 32.48B | 29.87B | 31.10B | 29.25B | 29.31B | 29.09B |
| Total Debt | 12.19B | 10.79B | 11.45B | 11.53B | 12.08B | 13.18B |
| Net Cash (Debt) | -10.20B | -9.82B | -9.73B | -9.50B | -10.34B | -11.71B |
| Net Cash Per Share | -22.68 | -21.54 | -21.11 | -20.69 | -22.57 | -25.63 |
| Filing Date Shares Outstanding | 443.18M | 448.65M | 460.69M | 459.42M | 457.19M | 456.38M |
| Total Common Shares Outstanding | 443.18M | 448.65M | 460.85M | 459.20M | 457.11M | 456.24M |
| Working Capital | -1.04B | -1.51B | -1.51B | -673.00M | -770.00M | -333.00M |
| Book Value Per Share | 18.68 | 17.46 | 18.42 | 17.37 | 16.29 | 15.42 |
| Tangible Book Value | -9.05B | -9.19B | -8.95B | -8.93B | -9.66B | -10.23B |
| Tangible Book Value Per Share | -20.42 | -20.49 | -19.41 | -19.45 | -21.13 | -22.42 |
| Land | 1.00B | 1.13B | 657.00M | 648.00M | 663.00M | |
| Buildings | 2.88B | 2.80B | 2.59B | 2.50B | 2.43B | |
| Machinery | 6.44B | 6.32B | 5.59B | 5.31B | 5.06B | |
| Construction In Progress | 348.00M | 442.00M | 389.00M | 305.00M | 206.00M |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.00B | 1.94B | 1.42B | 1.67B | 1.51B | 982.00M |
| Depreciation & Amortization | 805.00M | 808.00M | 797.00M | 781.00M | 772.00M | 722.00M |
| Other Amortization | 109.00M | 109.00M | 107.00M | |||
| Loss (Gain) From Sale of Assets | -97.00M | -104.00M | -89.00M | |||
| Asset Writedown & Restructuring Costs | -21.00M | 6.00M | 218.00M | 11.00M | 44.00M | 60.00M |
| Stock-Based Compensation | 44.00M | 47.00M | 45.00M | 57.00M | 33.00M | 16.00M |
| Other Operating Activities | 400.00M | 317.00M | 144.00M | 145.00M | 148.00M | 223.00M |
| Change in Accounts Receivable | -182.00M | -227.00M | 37.00M | -5.00M | -282.00M | -242.00M |
| Change in Inventory | -103.00M | -16.00M | -37.00M | 6.00M | -244.00M | -1.00M |
| Change in Accounts Payable | 190.00M | 559.00M | 158.00M | 124.00M | 885.00M | 507.00M |
| Change in Other Net Operating Assets | -139.00M | -488.00M | 174.00M | 107.00M | 68.00M | -150.00M |
| Operating Cash Flow | 3.00B | 2.95B | 3.06B | 2.81B | 2.93B | 2.12B |
| Capital Expenditures | -717.00M | -750.00M | -791.00M | -672.00M | -500.00M | -349.00M |
| Sale of Property, Plant & Equipment | 173.00M | 168.00M | 15.00M | 101.00M | 11.00M | 25.00M |
| Cash Acquisitions | -1.52B | -5.40B | ||||
| Sale (Purchase) of Intangibles | -232.00M | -198.00M | -148.00M | -68.00M | 40.00M | -97.00M |
| Investment in Securities | 158.00M | 86.00M | 414.00M | -347.00M | -196.00M | 219.00M |
| Other Investing Activities | 45.00M | 62.00M | 77.00M | 49.00M | -2.00M | |
| Investing Cash Flow | -573.00M | -632.00M | -1.96B | -937.00M | -645.00M | -5.61B |
| Short-Term Debt Issued | 276.00M | |||||
| Long-Term Debt Issued | 1.33B | 1.01B | 694.00M | 4.88B | ||
| Total Debt Issued | 1.99B | 1.33B | 1.01B | 694.00M | 5.15B | |
| Short-Term Debt Repaid | -285.00M | |||||
| Long-Term Debt Repaid | -1.99B | -1.36B | -1.31B | -1.09B | -1.09B | |
| Lease Payments | -172.00M | -162.00M | -157.00M | -148.00M | -153.00M | -139.00M |
| Total Debt Repaid | -1.95B | -1.99B | -1.36B | -1.31B | -1.38B | -1.09B |
| Net Debt Issued (Repaid) | 39.00M | -659.00M | -356.00M | -613.00M | -1.38B | 4.06B |
| Issuance of Common Stock | 1.00M | 31.00M | 43.00M | 13.00M | 28.00M | |
| Repurchase of Common Stock | -1.16B | -1.05B | ||||
| Common Dividends Paid | -925.00M | -927.00M | -910.00M | -841.00M | -763.00M | -638.00M |
| Other Financing Activities | -284.00M | -259.00M | 262.00M | -411.00M | -150.00M | -165.00M |
| Financing Cash Flow | -2.33B | -2.89B | -973.00M | -1.82B | -2.28B | 3.29B |
| Foreign Exchange Rate Adjustments | -4.00M | -76.00M | 13.00M | -15.00M | -31.00M | 83.00M |
| Net Cash Flow | 94.00M | -645.00M | 144.00M | 32.00M | -20.00M | -116.00M |
| Free Cash Flow | 2.29B | 2.20B | 2.27B | 2.13B | 2.43B | 1.77B |
| Free Cash Flow Margin | 10.70% | 10.54% | 11.11% | 11.66% | 14.04% | 12.85% |
| Free Cash Flow Per Share | 5.08 | 4.83 | 4.92 | 4.65 | 5.31 | 3.87 |
| Levered Free Cash Flow | 1.58B | 1.75B | 1.90B | 1.75B | 2.30B | 969.88M |
| Unlevered Free Cash Flow | 1.78B | 1.93B | 2.07B | 1.86B | 2.41B | 1.07B |
| Free Cash Flow After Leases | 2.11B | 2.04B | 2.11B | 1.99B | 2.28B | 1.63B |
| Cash Interest Paid | 260.00M | 236.00M | 249.00M | 182.00M | 130.00M | 97.00M |
| Cash Income Tax Paid | 474.00M | 513.00M | 561.00M | 509.00M | 415.00M | 306.00M |
| Change in Working Capital | -234.00M | -172.00M | 332.00M | 232.00M | 427.00M | 114.00M |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 51.22B | 40.87B | 35.79B | 30.56B | 25.13B | 25.47B |
| Enterprise Value | 63.15B | 53.11B | 47.13B | 41.62B | 36.79B | 39.07B |
| Last Close Price | 113.22 | 89.74 | 74.05 | 62.56 | 50.25 | 49.11 |
| PE Ratio | 23.28 | 17.92 | 24.38 | 16.56 | 15.60 | 22.80 |
| PS Ratio | 2.05 | 1.67 | 1.69 | 1.51 | 1.36 | 1.63 |
| PB Ratio | 5.00 | 4.19 | 3.85 | 3.47 | 3.16 | 3.11 |
| P/FCF Ratio | 19.58 | 15.80 | 15.23 | 12.95 | 9.67 | 12.66 |
| P/OCF Ratio | 14.90 | 11.79 | 11.29 | 9.85 | 8.02 | 10.58 |
| EV/Sales Ratio | 2.54 | 2.16 | 2.23 | 2.06 | 1.99 | 2.50 |
| EV/EBITDA Ratio | 15.36 | 13.21 | 14.05 | 11.67 | 11.76 | 14.08 |
| EV/EBIT Ratio | 18.72 | 16.23 | 17.46 | 15.40 | 15.97 | 20.00 |
| EV/FCF Ratio | 24.24 | 20.53 | 20.05 | 17.64 | 14.16 | 19.43 |
| Debt / Equity Ratio | 1.39 | 1.30 | 1.27 | 1.45 | 1.62 | 1.83 |
| Debt / EBITDA Ratio | 3.29 | 3.00 | 3.36 | 3.58 | 4.12 | 5.40 |
| Debt / FCF Ratio | 5.33 | 4.90 | 5.04 | 5.40 | 4.97 | 7.46 |
| Net Debt / Equity Ratio | 1.16 | 1.18 | 1.08 | 1.19 | 1.39 | 1.62 |
| Net Debt / EBITDA Ratio | 2.89 | 2.87 | 3.00 | 2.94 | 3.53 | 4.80 |
| Net Debt / FCF Ratio | 4.46 | 4.46 | 4.29 | 4.45 | 4.25 | 6.62 |
| Asset Turnover | 0.66 | 0.69 | 0.68 | 0.62 | 0.59 | 0.57 |
| Inventory Turnover | 7.39 | 8.54 | 8.88 | 8.46 | 8.73 | 9.42 |
| Quick Ratio | 0.59 | 0.56 | 0.57 | 0.69 | 0.65 | 0.68 |
| Current Ratio | 0.89 | 0.80 | 0.81 | 0.91 | 0.90 | 0.94 |
| Return on Equity (ROE) | 23.54% | 22.89% | 17.03% | 21.64% | 20.76% | 14.93% |
| Return on Assets (ROA) | 5.63% | 5.72% | 5.40% | 5.22% | 4.61% | 4.44% |
| Return on Invested Capital (ROIC) | 11.73% | 11.66% | 10.75% | 10.51% | 9.13% | 8.02% |
| Return on Capital Employed (ROCE) | 12.50% | 12.50% | 11.40% | 11.10% | 9.80% | 7.50% |
| Earnings Yield | 4.29% | 5.58% | 4.10% | 6.04% | 6.41% | 4.38% |
| FCF Yield | 5.11% | 6.33% | 6.57% | 7.72% | 10.34% | 7.90% |
| Dividend Yield | 2.06% | 2.63% | 2.63% | 3.06% | 3.26% | 2.85% |
| Payout Ratio | 48.07% | 47.73% | 64.18% | 50.39% | 50.60% | 64.97% |
| Buyback Yield / Dilution | 2.39% | 1.08% | -0.44% | -0.22% | -0.22% | -0.22% |
| Total Shareholder Return | 4.46% | 3.72% | 2.19% | 2.84% | 3.05% | 2.63% |