KO · NYSE

    The Coca-Cola Company

    $85.82Close 7 Oct 2026

    KO vs S&P 500

    +69%+52%
    2021-102026-10
    S&P 500Coca-Cola+52%

    Price only, USD. S&P 500 in USD. S&P 500 +69%.

    A solid business with a few dents. The checks below show where.

    Return on capital

    14.6%Good

    Every 100 it keeps earns about 15 a year. Solidly above average.

    Free cash flow

    25.5%Great

    Real cash left over in 10 of the last 10 years. About 25 of every 100 in sales becomes real cash.

    Consistent growth

    +7.8%/yrGood

    Sales per share grew 8% a year over 5 years.

    Margins

    28.7%Great

    Keeps 29 of every 100 in sales as operating profit, rising. That is pricing power.

    Debt

    2.1× profitsGood

    Debt equals about 2.1 years of profits. Manageable.

    Buybacks vs dilution

    0%/yrGood

    Share count is flat. No quiet dilution.

    Red flags

    Profits are on paper: less cash comes in than the income statement claims.

    Where the money goes · FY2025

    Where the money comes from

    • Concentrate sold to bottlers59%
    • Finished drinks41%
    1. Revenue$47.9B
    2. Cost of sales$18.4B38%
    3. Gross profit$29.5B62%
    4. Sales, admin & other$15.8B33%
    5. Other income$2.2B5%
    6. Operating profit$13.8B29%
    7. Tax$2.9B6%
    8. Net profit$13.1B27%
    Coca-Cola keeps $27 of every $100 it takes in.

    Return on capital

    20%: elite
    10%
    15%
    '16'17'18'19'20'21'22'23'24'25

    Margins

    62%29%11%
    20162025
    GrossFree cash flowOperating

    Shares outstanding

    4.37B
    4.31B
    '16'17'18'19'20'21'22'23'24'25

    What it does with the cash

    FY2025: 180% of free cash flow went back to owners.

    '16'17'18'19'20'21'22'23'24'25
    DividendsBuybacksFree cash flow

    Balance sheet · 3 Apr 2026

    Want this for the stocks you own?

    Free, no strings attached.

    Only mail about your access. Leave whenever you like. Privacy

    Also open

    Sources

    Figures from the 10-K for FY2025, filed with the SEC on 20 Feb 2026. Trailing twelve months to 3 Apr 2026. Open the report

    Monthly closing prices to 7 Oct 2026, adjusted for splits.

    Marketdaddy does not own Coca-Cola. This is not investment advice.