NASDAQ : COKE
Coca-Cola Consolidated, Inc. — Financial statements
Consumer Staples · Beverages - Non-Alcoholic · United States
Last price 210.3 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 14.00B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Coca-Cola Consolidated, Inc. (COKE) reported revenue of 7.69B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 7.69B | 7.23B | 6.90B | 6.65B | 6.20B | 5.56B |
| Cost of Revenue | 4.68B | 4.36B | 4.15B | 4.06B | 3.92B | 3.61B |
| Gross Profit | 3.01B | 2.87B | 2.75B | 2.60B | 2.28B | 1.95B |
| Selling, General & Admin | 1.90B | 1.81B | 1.73B | 1.67B | 1.54B | 1.52B |
| Other Operating Expenses | -6.00M | -1.77M | ||||
| Operating Expenses | 2.01B | 1.92B | 1.84B | 1.77B | 1.64B | 1.52B |
| Operating Income | 994.33M | 947.37M | 917.86M | 832.03M | 638.44M | 438.40M |
| Interest Expense | -152.60M | -102.88M | -62.05M | -24.79M | -33.45M | |
| Interest & Investment Income | 60.20M | 60.20M | 60.20M | 918.00K | ||
| Other Non Operating Income (Expenses) | -237.00K | 130.00K | -191.00K | -3.32M | -6.26M | -3.50M |
| EBT Excluding Unusual Items | 901.69M | 904.82M | 915.82M | 829.63M | 607.39M | 401.46M |
| Other Unusual Items | -154.90M | -131.90M | -59.17M | -272.15M | -32.30M | -146.31M |
| Pretax Income | 746.79M | 772.92M | 856.65M | 557.48M | 575.09M | 255.15M |
| Income Tax Expense | 196.83M | 202.34M | 223.53M | 149.11M | 144.93M | 65.57M |
| Earnings From Continuing Operations | 549.96M | 570.58M | 633.12M | 408.38M | 430.16M | 189.58M |
| Net Income | 549.96M | 570.58M | 633.12M | 408.38M | 430.16M | 189.58M |
| Net Income to Common | 549.96M | 570.58M | 633.12M | 408.38M | 430.16M | 189.58M |
| Shares Outstanding (Basic) | 73.44M | 83.70M | 90.39M | 93.74M | 93.74M | 93.73M |
| Shares Outstanding (Diluted) | 73.51M | 83.81M | 90.52M | 93.92M | 94.05M | 94.00M |
| EPS (Basic) | 7.49 | 6.82 | 7.00 | 4.36 | 4.59 | 2.02 |
| EPS (Diluted) | 7.48 | 6.81 | 6.99 | 4.35 | 4.57 | 2.02 |
| Free Cash Flow | 644.04M | 619.59M | 505.34M | 528.39M | 255.90M | 366.06M |
| Free Cash Flow Per Share | 8.76 | 7.39 | 5.58 | 5.63 | 2.72 | 3.89 |
| Dividend Per Share | 1.00 | 1.00 | 0.40 | 0.20 | 0.10 | 0.10 |
| Gross Margin | 39.11% | 39.74% | 39.90% | 39.06% | 36.74% | 35.13% |
| Operating Margin | 12.93% | 13.11% | 13.30% | 12.50% | 10.30% | 7.88% |
| Profit Margin | 7.15% | 7.89% | 9.18% | 6.14% | 6.94% | 3.41% |
| Free Cash Flow Margin | 8.37% | 8.57% | 7.32% | 7.94% | 4.13% | 6.58% |
| EBITDA | 1.22B | 1.16B | 1.11B | 1.01B | 807.03M | 613.57M |
| EBITDA Margin | 15.84% | 16.11% | 16.10% | 15.14% | 13.01% | 11.03% |
| D&A For EBITDA | 224.34M | 217.43M | 192.79M | 175.27M | 168.59M | 175.16M |
| EBIT | 994.33M | 947.37M | 917.86M | 832.03M | 638.44M | 438.40M |
| EBIT Margin | 12.93% | 13.11% | 13.30% | 12.50% | 10.30% | 7.88% |
| Effective Tax Rate | 26.36% | 26.18% | 26.09% | 26.75% | 25.20% | 25.70% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 171.69M | 281.92M | 1.14B | 635.27M | 197.65M | 142.31M |
| Short-Term Investments | 301.21M | |||||
| Cash & Short-Term Investments | 171.69M | 281.92M | 1.44B | 635.27M | 197.65M | 142.31M |
| Accounts Receivable | 822.02M | 644.80M | 642.85M | 591.81M | 551.71M | 512.67M |
| Other Receivables | 55.58M | 54.89M | 40.69M | 67.53M | 54.63M | 33.88M |
| Receivables | 877.60M | 699.69M | 683.54M | 659.34M | 606.35M | 546.55M |
| Inventory | 371.19M | 336.40M | 330.39M | 321.93M | 347.55M | 302.85M |
| Prepaid Expenses | 50.02M | 57.38M | 50.78M | 40.16M | 46.97M | 36.67M |
| Other Current Assets | 56.15M | 51.29M | 45.55M | 48.43M | 47.29M | 48.27M |
| Total Current Assets | 1.53B | 1.43B | 2.55B | 1.71B | 1.25B | 1.08B |
| Property, Plant & Equipment | 1.75B | 1.72B | 1.62B | 1.45B | 1.33B | 1.23B |
| Long-Term Investments | 91.50M | 60.20M | 46.30M | 43.60M | ||
| Goodwill | 165.90M | 165.90M | 165.90M | 165.90M | 165.90M | 165.90M |
| Other Intangible Assets | 758.37M | 771.62M | 798.13M | 824.64M | 851.20M | 847.74M |
| Other Long-Term Assets | 144.33M | 216.43M | 181.05M | 85.01M | 69.59M | 76.89M |
| Total Assets | 4.43B | 4.30B | 5.31B | 4.29B | 3.71B | 3.45B |
| Accounts Payable | 724.33M | 541.55M | 522.15M | 523.06M | 514.51M | 464.99M |
| Accrued Expenses | 340.80M | 387.20M | 351.40M | 320.40M | 287.84M | 271.50M |
| Current Portion of Long-Term Debt | 100.00M | 100.00M | 349.70M | |||
| Current Portion of Leases | 24.06M | 24.97M | 25.94M | 28.68M | 29.94M | 28.11M |
| Other Current Liabilities | 71.05M | 74.94M | 63.98M | 219.19M | 72.87M | 70.26M |
| Total Current Liabilities | 1.26B | 1.13B | 1.31B | 1.09B | 905.16M | 834.86M |
| Long-Term Debt | 2.41B | 2.69B | 1.44B | 599.16M | 598.82M | 723.44M |
| Long-Term Leases | 85.92M | 96.26M | 94.71M | 107.30M | 126.28M | 187.05M |
| Pension & Post-Retirement Benefits | 247.68M | 245.80M | 221.95M | 214.04M | 198.09M | 240.53M |
| Long-Term Deferred Tax Liabilities | 137.43M | 143.74M | 132.94M | 128.44M | 150.22M | 136.43M |
| Other Long-Term Liabilities | 788.22M | 742.25M | 696.12M | 713.07M | 615.59M | 611.48M |
| Total Liabilities | 4.93B | 5.04B | 3.90B | 2.85B | 2.59B | 2.73B |
| Common Stock | 66.56M | 66.56M | 124.66M | 13.06M | 13.06M | 13.06M |
| Additional Paid-In Capital | 23.76M | 23.76M | 23.76M | 135.95M | 135.95M | 135.95M |
| Retained Earnings | -586.95M | -824.05M | 1.40B | 1.35B | 1.11B | 724.49M |
| Treasury Stock | -127.88M | -61.25M | -61.25M | -61.25M | ||
| Comprehensive Income & Other | -3.51M | -6.00M | 1.89M | -4.28M | -84.84M | -100.46M |
| Total Common Equity | -500.13M | -739.72M | 1.42B | 1.44B | 1.12B | 711.79M |
| Shareholders' Equity | -500.13M | -739.72M | 1.42B | 1.44B | 1.12B | 711.79M |
| Total Liabilities & Equity | 4.43B | 4.30B | 5.31B | 4.29B | 3.71B | 3.45B |
| Total Debt | 2.62B | 2.91B | 1.91B | 735.14M | 755.04M | 938.60M |
| Net Cash (Debt) | -2.45B | -2.63B | -469.96M | -99.87M | -557.39M | -796.29M |
| Net Cash Per Share | -33.35 | -31.33 | -5.19 | -1.06 | -5.93 | -8.47 |
| Filing Date Shares Outstanding | 66.56M | 66.56M | 87.18M | 93.74M | 93.74M | 93.74M |
| Total Common Shares Outstanding | 66.56M | 66.56M | 87.18M | 93.74M | 93.74M | 93.74M |
| Working Capital | 266.41M | 298.02M | 1.23B | 613.79M | 340.64M | 241.81M |
| Book Value Per Share | -7.51 | -11.11 | 16.26 | 15.32 | 11.90 | 7.59 |
| Tangible Book Value | -1.42B | -1.68B | 453.58M | 445.05M | 98.28M | -301.86M |
| Tangible Book Value Per Share | -21.40 | -25.20 | 5.20 | 4.75 | 1.05 | -3.22 |
| Land | 142.57M | 138.31M | 132.54M | 99.86M | 88.19M | 80.26M |
| Buildings | 547.04M | 534.17M | 493.81M | 390.85M | 352.11M | 265.07M |
| Machinery | 2.03B | 1.98B | 1.82B | 1.67B | 1.52B | 1.44B |
| Construction In Progress | 66.34M | 53.31M | 77.71M | 95.62M | 103.80M | 23.50M |
| Leasehold Improvements | 225.43M | 217.83M | 192.28M | 179.15M | 177.94M | 178.81M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 549.96M | 570.58M | 633.12M | 408.38M | 430.16M | 189.58M |
| Depreciation & Amortization | 224.34M | 217.43M | 192.79M | 175.27M | 168.59M | 175.16M |
| Other Amortization | 5.23M | 4.45M | 3.31M | 2.69M | 4.01M | 6.66M |
| Loss (Gain) From Sale of Assets | 6.20M | 644.00K | 3.17M | 7.18M | 5.64M | 5.92M |
| Asset Writedown & Restructuring Costs | 3.20M | |||||
| Other Operating Activities | 177.47M | 145.60M | 61.70M | 223.13M | 22.54M | 118.39M |
| Change in Accounts Receivable | -143.90M | 1.55M | -49.66M | -40.04M | -37.83M | -55.36M |
| Change in Inventory | -22.02M | -6.01M | -8.46M | 25.61M | -44.69M | -77.09M |
| Change in Accounts Payable | 113.57M | 30.73M | 11.28M | -6.19M | 40.53M | 123.45M |
| Change in Other Net Operating Assets | 35.48M | -33.08M | 29.11M | 14.66M | -34.44M | 31.85M |
| Operating Cash Flow | 946.33M | 931.90M | 876.36M | 810.69M | 554.51M | 521.75M |
| Capital Expenditures | -302.29M | -312.31M | -371.01M | -282.30M | -298.61M | -155.69M |
| Sale of Property, Plant & Equipment | 651.00K | 6.59M | 569.00K | 695.00K | 7.37M | 5.27M |
| Sale (Purchase) of Intangibles | -30.65M | -8.99M | ||||
| Investment in Securities | 333.03M | 286.70M | -311.75M | -13.74M | -3.09M | -2.53M |
| Investing Cash Flow | 31.39M | -19.02M | -682.20M | -295.35M | -324.99M | -161.94M |
| Long-Term Debt Issued | 2.15B | 1.20B | 125.00M | |||
| Long-Term Debt Repaid | -1.15B | -2.49M | -2.30M | -127.99M | -347.28M | |
| Net Debt Issued (Repaid) | 724.24M | 998.19M | 1.20B | -2.30M | -127.99M | -222.28M |
| Repurchase of Common Stock | -2.60B | -2.61B | -625.65M | |||
| Common Dividends Paid | -76.37M | -86.67M | -185.63M | -46.87M | -9.37M | -9.37M |
| Other Financing Activities | -74.24M | -72.28M | -79.82M | -28.55M | -36.83M | -40.64M |
| Financing Cash Flow | -2.03B | -1.77B | 306.40M | -77.72M | -174.19M | -272.29M |
| Net Cash Flow | -1.05B | -853.91M | 500.56M | 437.62M | 55.33M | 87.52M |
| Free Cash Flow | 644.04M | 619.59M | 505.34M | 528.39M | 255.90M | 366.06M |
| Free Cash Flow Margin | 8.37% | 8.57% | 7.32% | 7.94% | 4.13% | 6.58% |
| Free Cash Flow Per Share | 8.76 | 7.39 | 5.58 | 5.63 | 2.72 | 3.89 |
| Levered Free Cash Flow | 443.48M | 479.74M | 204.93M | 591.70M | 191.64M | 327.44M |
| Unlevered Free Cash Flow | 534.73M | 540.69M | 241.40M | 590.71M | 206.12M | 347.09M |
| Cash Income Tax Paid | 174.78M | 196.58M | 223.97M | 200.81M | 140.99M | 70.99M |
| Change in Working Capital | -16.87M | -6.80M | -17.73M | -5.95M | -76.44M | 22.85M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.00B | 13.10B | 11.04B | 8.70B | 4.80B | 5.80B |
| Enterprise Value | 16.45B | 13.33B | 11.49B | 8.82B | 5.39B | 6.63B |
| Last Close Price | 210.30 | 152.45 | 124.32 | 89.60 | 48.98 | 59.08 |
| PE Ratio | 28.11 | 22.96 | 17.43 | 21.31 | 11.16 | 30.62 |
| Forward PE | 13.78 | 13.78 | 13.78 | 13.78 | 17.59 | |
| PS Ratio | 1.82 | 1.81 | 1.60 | 1.31 | 0.78 | 1.04 |
| PB Ratio | -17.71 | 7.79 | 6.06 | 4.31 | 8.15 | |
| P/TBV Ratio | 24.34 | 19.55 | 48.87 | |||
| P/FCF Ratio | 21.74 | 21.14 | 21.84 | 16.47 | 18.77 | 15.86 |
| P/OCF Ratio | 14.79 | 14.06 | 12.60 | 10.73 | 8.66 | 11.12 |
| EV/Sales Ratio | 2.14 | 1.84 | 1.67 | 1.33 | 0.87 | 1.19 |
| EV/EBITDA Ratio | 13.50 | 11.45 | 10.34 | 8.76 | 6.68 | 10.80 |
| EV/EBIT Ratio | 16.54 | 14.07 | 12.52 | 10.60 | 8.45 | 15.12 |
| EV/FCF Ratio | 25.54 | 21.52 | 22.73 | 16.70 | 21.08 | 18.10 |
| Debt / Equity Ratio | -5.25 | -3.93 | 1.34 | 0.51 | 0.68 | 1.32 |
| Debt / EBITDA Ratio | 2.09 | 2.42 | 1.65 | 0.70 | 0.89 | 1.43 |
| Debt / FCF Ratio | 4.07 | 4.69 | 3.77 | 1.39 | 2.95 | 2.56 |
| Net Debt / Equity Ratio | -4.90 | -3.55 | 0.33 | 0.07 | 0.50 | 1.12 |
| Net Debt / EBITDA Ratio | 2.01 | 2.25 | 0.42 | 0.10 | 0.69 | 1.30 |
| Net Debt / FCF Ratio | 3.81 | 4.24 | 0.93 | 0.19 | 2.18 | 2.17 |
| Asset Turnover | 1.54 | 1.50 | 1.44 | 1.66 | 1.73 | 1.67 |
| Inventory Turnover | 13.00 | 13.06 | 12.71 | 12.11 | 12.06 | 13.65 |
| Quick Ratio | 0.83 | 0.87 | 1.61 | 1.19 | 0.89 | 0.82 |
| Current Ratio | 1.21 | 1.26 | 1.94 | 1.56 | 1.38 | 1.29 |
| Return on Equity (ROE) | 97.33% | 168.34% | 44.38% | 32.02% | 47.08% | 30.96% |
| Return on Assets (ROA) | 12.46% | 12.31% | 11.95% | 13.00% | 11.15% | 8.22% |
| Return on Invested Capital (ROIC) | 23.06% | 27.63% | 39.63% | 38.00% | 30.03% | 20.87% |
| Return on Capital Employed (ROCE) | 31.30% | 29.80% | 22.90% | 26.00% | 22.80% | 16.80% |
| Earnings Yield | 3.56% | 4.36% | 5.74% | 4.69% | 8.96% | 3.27% |
| FCF Yield | 4.60% | 4.73% | 4.58% | 6.07% | 5.33% | 6.31% |
| Dividend Yield | 0.48% | 0.51% | 0.32% | 0.21% | 0.19% | 0.16% |
| Payout Ratio | 13.37% | 15.19% | 29.32% | 11.48% | 2.18% | 4.95% |
| Buyback Yield / Dilution | 15.86% | 7.42% | 3.62% | 0.14% | -0.05% | 0.29% |
| Total Shareholder Return | 16.34% | 7.93% | 3.94% | 0.35% | 0.14% | 0.45% |