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World's largest beverage company, making Coca-Cola, Sprite, Fanta and many other drinks via a global franchise bottling network.
World's largest beverage company, making Coca-Cola, Sprite, Fanta and many other drinks via a global franchise bottling network.
Makes and sells concentrate and syrup to bottling partners who mix, package and distribute the drinks, so it owns relatively few factories and trucks. Sales rise with volume and price per case, and the Coca-Cola brand carries more than any other. Selling company-owned bottlers to partners over the past decade shaped this model.
Moat: wide (brand, scale, distribution). World's most valuable beverage brand with an unmatched global bottling and distribution network.
Headquarters: Atlanta, Georgia, US · Founded: 1892 · Employees: 65,900
Size Coca-Cola Company (The) (KO) is a United States Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $412B, the 24th largest of 3,117 United States companies the cockpit tracks. Shares closed at $95.67 on 6 Nov 2026.
Performance Over six months the shares gained 22.8%, against +7.7% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 7.7% over the last twelve months (peer median +14.8%); the operating margin is 32.1% (peer median 13.0%).
Valuation It trades at 27.6× forward earnings against a peer median of 17.2× (4th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.3 points above its cost of capital (6.3% WACC).
Credit Coca-Cola Company (The) has 43 bonds outstanding ($40.8B), rated A+ by the agencies and trading like AA+ at a weighted spread of 52 bp.
Short interest Short interest is 1.1% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $51.4B | $48.4B | $46.8B | $45.8B | $42.8B |
| Revenue growth | — | +3% | +2% | +7% | — |
| Gross profit | $32.0B | $29.9B | $28.6B | $27.4B | $24.8B |
| EBITDA | $17.5B | $16.2B | $14.9B | $14.3B | $13.2B |
| Net income | $14.6B | $13.1B | $10.6B | $10.7B | $9.54B |
| Free cash flow | $14.3B | $5.30B | $4.74B | $9.75B | $9.53B |
| Capital expenditure | $1.95B | $2.11B | $2.06B | $1.85B | $1.48B |
| Total debt | $41.6B | $47.2B | $45.7B | $43.4B | $40.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Coca-Cola Company (The) KO | $412B | +23% | +8% | 32% | 27.6× | 2.8% |
| PepsiCo PEP | $193B | -8% | +6% | 16% | 16.6× | -5.5% |
| Keurig Dr Pepper KDP | $49.8B | +28% | +43% | 17% | 14.8× | 6.3% |
| Nestle NESN.SW | $266B | +11% | -2% | 16% | 19.0× | 1.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.0% | +10.9% | 9th lowest of 21 |
| 6-month return | +22.8% | +7.7% | 5th highest of 21 |
| Distance from 52-week high | -1.8% | -8.5% | 2nd highest of 21 |
| Revenue growth (TTM) | +7.7% | +14.8% | 7th lowest of 21 |
| Operating margin | 32.1% | 13.0% | 2nd highest of 20 |
| Forward P/E | 27.6× | 17.2× | 4th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 2.8% | 3.4% | 9th least demanding of 20 |
| Growth delivered (Del g) | +7.9% | +12.2% | 9th lowest of 20 |
| Hurdle (Req g minus delivered) | -5.2 pp | -14.4 pp | 7th most demanding of 20 |
| ROIC minus cost of capital | +13.3 pp | +9.1 pp | 8th highest of 20 |
| EV / EBITDA | 25.0× | 12.8× | 2nd most expensive of 19 |
| Net debt / EBITDA | 1.4× | 1.0× | 8th most indebted of 19 |
| Bond spread | 52 bp | 84 bp | tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Coca-Cola Company (The) KO | United States | $412B | +23% | +8% | 32% | 27.6× | 2.8% | +7.9% |
| Monster Beverage MNST | United States | $89.6B | +11% | +20% | 29% | 36.2× | 10.2% | +12.5% |
| Nongfu Spring 9633.HK | Hong Kong | $64.9B | -1% | +27% | 38% | 24.0× | -0.2% | +17.3% |
| Coca-Cola Europacific Partners CCEP | United States | $51.0B | +23% | +10% | 14% | 21.8× | 3.9% | +14.3% |
| Keurig Dr Pepper KDP | United States | $49.8B | +28% | +43% | 17% | 14.8× | 6.3% | +7.4% |
| Fomento Economico Mexicano SAB de CV Sponsored ADR FMX | United States | $26.1B | +7% | +18% | 9% | 24.2× | -6.9% | +13.8% |
| Coca-Cola HBC CCH.L | United Kingdom | $20.5B | -2% | +13% | 11% | 17.2× | 4.9% | +12.8% |
| Swire Pacific 0019.HK | Hong Kong | $17.0B | +23% | +7% | 12% | 11.4× | 6.9% | +2.9% |
| Varun Beverages VBL.NS | India | $15.7B | -14% | +22% | 17% | 42.8× | 37.2% | +26.8% |
| Coca-Cola Consolidated COKE | United States | $13.8B | +19% | +11% | 13% | n/a | -1.3% | +7.6% |
| Eastroc Beverage (Group) 9980.HK | Hong Kong | $11.7B | -40% | +18% | 26% | 13.2× | 3.2% | +32.2% |
| Tingyi 0322.HK | Hong Kong | $9.59B | +17% | +4% | 9% | 14.1× | -12.9% | +2.4% |
| Suntory Beverage & Food 2587.T | Japan | $9.58B | +9% | +7% | 9% | 17.2× | -7.5% | +7.8% |
| Celsius CELH | United States | $8.14B | 0% | +83% | 19% | 22.7× | 7.6% | +80.7% |
| Primo Brands PRMB | United States | $8.10B | -4% | +28% | 10% | 16.2× | 9.2% | +27.8% |
| Coca-Cola FEMSA SAB de CV Sponsored ADR KOF | United States | $6.01B | +8% | +17% | 14% | 16.5× | -20.1% | +12.2% |
| Coca-Cola Bottlers Japan 2579.T | Japan | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% | +2.4% |
| Uni-President China 0220.HK | Hong Kong | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% | +6.1% |
| Embotelladora Andina S.A. Sponsored ADR Pfd AKO-B | United States | $4.26B | +7% | +10% | 13% | 14.6× | -4.2% | +10.4% |
| National Beverage FIZZ | United States | $3.48B | +6% | -2% | 18% | 19.2× | 3.4% | +1.9% |
| SDIC Zhonglu Fruit Juice 600962.SS | China | $2.62B | -1% | +100% | n/a | n/a | n/a | n/a |
Coca-Cola Company (The) has 43 bonds outstanding with $40.8B face value. The agencies rate it A+; its bonds trade like AA+. Weighted yield 4.80%, a spread of 52 bp over government bonds.