Coca Cola Co.

KO · NYSE · Beverages Non Alcoholic

$87.81-0.3%Sep 25 close

1M: -1.5%
6M: +17.4%
1Y: +37.3%
5Y: +88.1%

Makes and sells drinks under its brands, mainly through independent bottlers and other distribution partners.

Built from Coca Cola Co.’s own filings with the SEC. Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Full financial statements →

About Coca Cola Co.

The Coca-Cola Company owns or licenses drink brands, including Coca-Cola, Sprite, Fanta and fairlife. It sells drink concentrates and syrups to bottlers, who make, package and distribute many of the finished drinks; the company also sells finished drinks through its own bottling operations and other channels. Its drinks are sold in more than 200 countries and territories.

Head office: Atlanta, Georgia
Founded: 1892 (company history, high confidence)
Employees: 65,900 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

How it makes money

North America38%
Europe, Middle East and Africa24%
Latin America13%
Bottling Investments13%
Asia Pacific12%

Shares of revenue are estimates for quarter ended March 31, 2026, not figures from a filing.

Competes with

What it sells6

Coca-Cola drinks
Coca-Cola, Diet Coke and Coca-Cola Zero Sugar drinks, including their variations.
Sparkling-flavor drinks
Carbonated drinks sold under brands such as Sprite and Fanta.
Water, sports, coffee and tea drinks
Products include Dasani and smartwater, Powerade, Costa coffee, and Fuze Tea.

Show 3 more

Juice, dairy and plant-based drinks
Products include Simply and Minute Maid juices, fairlife dairy drinks, and innocent beverages.
Emerging beverages
The company sells or distributes drinks in newer or developing categories, including energy drinks such as Monster in certain territories.
Alcohol drinks
Ready-to-drink alcoholic beverages include Jack Daniel’s & Coca-Cola, Lemon-Dou and Topo Chico Hard Seltzer.

Who buys it4

Independent bottling partners buy concentrates and syrups under contracts, then make, package and distribute drinks in authorized territories.
Retailers, including grocery stores and convenience stores, buy finished drinks from the company, bottlers or distributors for sale to consumers.
Restaurants and other fountain retailers serve drinks made at the point of purchase from syrup; some buy syrup directly, while others buy it through authorized wholesalers or bottlers.
Distributors and wholesalers buy finished drinks and sell or deliver them to retailers.

What it stands on, and what could break it

What the business leans on

1The company depends on independent bottling partners to make, package and distribute much of its branded beverage volume; its five largest bottling partners together handled 44% of worldwide system unit case volume in 2025 (2025, high).
2Water is an ingredient in substantially all of its products, and water shortages or poor water quality can affect the company's and its bottlers' costs and ability to operate.
3

How it compares with its industry

Three ratings, each a percentile against the 17 companies we cover in Beverages Non Alcoholic. Deliberately kept apart rather than blended into one score — cheap, rising and well-run are three different facts, and a single number would hide which one is which.

Momentum

69of 100 in its industry

Above most of its industry

12 months to a month ago36.7%

6 months to a month ago15.4%

The most recent month is left out on purpose: returns tend to persist over 7–12 months and the newest one tends to reverse. This describes what the price has done, and says nothing about what it will do.

Value

28of 100 in its industry

Below most of its industry

Profit for the price3.63%

Cash for the price3.33%

Sales for the price13.05%

Assets for the price8.51%

Operating profit for the whole business3.60%

Yields, so higher means cheaper — a loss-making company ranks last instead of dropping out. Cheap is not the same as good: a high yield is often a price that fell for a reason. All five measures available.

Capital allocation

5/5Disciplined

1 check not reported

Return on capital14.4%

Shareholder yield2.52%

Share count, 3 years-1.1%

Net debt / EBITDA2.25x

Insiders, 12 months-$86.9M

What management does with the money — scored on whatever the filings answer, never as a share of the total.

The six capital-allocation checks

Return on the money invested14.4% on invested capital
Debt against earnings2.25x net debt to operating earnings
Cash returned to shareholders2.5% a year in buybacks and dividends
Share count over three yearsShare count 1.1% lower over three years
Payouts covered by cash flowFree cash flow covers what it pays out
Open-market insider buyingNet selling of $86.9M — not counted against the score

A description of where this company sits among its competitors, not a recommendation. Ratings updated Sep 26, 2026.

The company and its bottlers rely on agricultural ingredients and packaging materials, including sweeteners, fruit juice, milk and aluminum cans; some packaging materials have a limited number of suppliers.

4Its products, ingredients, advertising and packaging are subject to food, labeling, competition and environmental rules in the countries where it operates.

What could go wrong

1If bottling partners have financial problems or the company cannot maintain good relationships with them, production and distribution of many branded drinks could be affected.
2Water scarcity, poor water quality, climate-related weather changes and crop problems such as citrus greening can disrupt supplies or raise the cost of water, orange juice and other ingredients.
3Health concerns about sweeteners or other ingredients, or new rules on ingredients, labels and beverage packaging, could require product changes, limit sales or increase costs.