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Stocks · Consumer staples · Bottled & Canned Soft Drinks & Carbonated Waters

Coca-Cola Consolidated, Inc.

COKE Clue Score40
United States Fiscal year ends December CIK 0000317540
$196.24 +2.28% Close, 9 Oct 2026
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Price $196.24 −50.84% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue3,130.1Operating income131.2Net income50.1EPS, diluted5.36Fiscal year 2017Revenue4,287.6 +37.0%Operating income101.5Net income96.5 +92.5%EPS, diluted10.30 +92.2%Fiscal year 2018Revenue4,625.4 +7.9%Operating income57.9Net income−19.9 −120.6%EPS, diluted−2.13 −120.7%Fiscal year 2019Revenue4,826.5 +4.3%Operating income180.8Net income11.4EPS, diluted1.21Fiscal year 2020Revenue5,007.4 +3.7%Operating income313.4Net income172.5 +1,416.4%Fiscal year 2021Revenue5,562.7 +11.1%Operating income439.2Net income189.6 +9.9%Fiscal year 2022Revenue6,201.0 +11.5%Operating income641.0Net income430.2 +126.9%Fiscal year 2023Revenue6,653.9 +7.3%Operating income834.5Net income408.4 −5.1%Fiscal year 2024Revenue6,899.7 +3.7%Operating income920.4Net income633.1 +55.0%Fiscal year 2025Revenue7,228.1 +4.8%Operating income950.7Net income570.6 −9.9%
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3,130.1 4,287.6 4,625.4 4,826.5 5,007.4 5,562.7 6,201.0 6,653.9 6,899.7 7,228.1
Growth +37.0% +7.9% +4.3% +3.7% +11.1% +11.5% +7.3% +3.7% +4.8%
Operating income 131.2 101.5 57.9 180.8 313.4 439.2 641.0 834.5 920.4 950.7
Net income 50.1 96.5 −19.9 11.4 172.5 189.6 430.2 408.4 633.1 570.6
Growth +92.5% −120.6% +1,416.4% +9.9% +126.9% −5.1% +55.0% −9.9%
EPS, diluted 5.36 10.30 −2.13 1.21 n/a n/a n/a n/a n/a n/a
Growth +92.2% −120.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin38.0%Operating margin4.2%Net margin1.6%Free cash flow margin−0.3%Fiscal year 2017Gross margin35.1%Operating margin2.4%Net margin2.3%Free cash flow margin3.1%Fiscal year 2018Gross margin33.6%Operating margin1.3%Net margin−0.4%Free cash flow margin0.7%Fiscal year 2019Gross margin34.6%Operating margin3.7%Net margin0.2%Free cash flow margin2.5%Fiscal year 2020Gross margin35.3%Operating margin6.3%Net margin3.4%Free cash flow margin5.8%Fiscal year 2021Gross margin35.1%Operating margin7.9%Net margin3.4%Free cash flow margin6.6%Fiscal year 2022Gross margin36.7%Operating margin10.3%Net margin6.9%Free cash flow margin4.1%Fiscal year 2023Gross margin39.1%Operating margin12.5%Net margin6.1%Free cash flow margin7.9%Fiscal year 2024Gross margin39.9%Operating margin13.3%Net margin9.2%Free cash flow margin7.3%Fiscal year 2025Gross margin39.7%Operating margin13.2%Net margin7.9%Free cash flow margin8.6%
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 38.0% 35.1% 33.6% 34.6% 35.3% 35.1% 36.7% 39.1% 39.9% 39.7%
Operating margin 4.2% 2.4% 1.3% 3.7% 6.3% 7.9% 10.3% 12.5% 13.3% 13.2%
Net margin 1.6% 2.3% −0.4% 0.2% 3.4% 3.4% 6.9% 6.1% 9.2% 7.9%
Free cash flow margin −0.3% 3.1% 0.7% 2.5% 5.8% 6.6% 4.1% 7.9% 7.3% 8.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow162.0Capital expenditure−172.6Free cash flow−10.6Dividends paid−9.3Fiscal year 2017Operating cash flow307.8Capital expenditure−176.6Free cash flow131.2Dividends paid−9.3Fiscal year 2018Operating cash flow168.9Capital expenditure−138.2Free cash flow30.6 −76.6%Dividends paid−9.4Fiscal year 2019Operating cash flow290.4Capital expenditure−171.4Free cash flow119.0 +288.3%Dividends paid−9.4Fiscal year 2020Operating cash flow494.5Capital expenditure−202.0Free cash flow292.4 +145.7%Dividends paid−9.4Fiscal year 2021Operating cash flow521.8Capital expenditure−155.7Free cash flow366.1 +25.2%Dividends paid−9.4Fiscal year 2022Operating cash flow554.5Capital expenditure−298.6Free cash flow255.9 −30.1%Buybacks0.0Dividends paid−9.4Fiscal year 2023Operating cash flow810.7Capital expenditure−282.3Free cash flow528.4 +106.5%Buybacks0.0Dividends paid−46.9Fiscal year 2024Operating cash flow876.4Capital expenditure−371.0Free cash flow505.3 −4.4%Buybacks−625.7Dividends paid−185.6Fiscal year 2025Operating cash flow931.9Capital expenditure−312.3Free cash flow619.6 +22.6%Buybacks−2,606.0Dividends paid−86.7
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 162.0 307.8 168.9 290.4 494.5 521.8 554.5 810.7 876.4 931.9
Capital expenditure −172.6 −176.6 −138.2 −171.4 −202.0 −155.7 −298.6 −282.3 −371.0 −312.3
Free cash flow −10.6 131.2 30.6 119.0 292.4 366.1 255.9 528.4 505.3 619.6
Growth −76.6% +288.3% +145.7% +25.2% −30.1% +106.5% −4.4% +22.6%
Buybacks n/a n/a n/a n/a n/a n/a 0.0 0.0 −625.7 −2,606.0
Dividends paid −9.3 −9.3 −9.4 −9.4 −9.4 −9.4 −9.4 −46.9 −185.6 −86.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash21.9Total debt907.3Net cash (debt)−885.4Shareholders’ equity277.1Debt to equity3.27Fiscal year 2017Cash16.9Total debt1,088.0Net cash (debt)−1,071.1Shareholders’ equity366.7Debt to equity2.97Fiscal year 2018Cash13.5Total debt1,104.4Net cash (debt)−1,090.9Shareholders’ equity358.2Debt to equity3.08Fiscal year 2019Cash9.6Total debt1,029.9Net cash (debt)−1,020.3Shareholders’ equity347.0Debt to equity2.97Fiscal year 2020Cash54.8Total debt940.5Net cash (debt)−885.7Shareholders’ equity513.0Debt to equity1.83Fiscal year 2021Cash142.3Total debt723.4Net cash (debt)−581.1Shareholders’ equity711.8Debt to equity1.02Fiscal year 2022Cash197.6Total debt598.8Net cash (debt)−401.2Shareholders’ equity1,115.4Debt to equity0.54Fiscal year 2023Cash635.3Total debt599.2Net cash (debt)36.1Shareholders’ equity1,435.6Debt to equity0.42Fiscal year 2024Cash1,135.8Total debt1,786.3Net cash (debt)−650.5Shareholders’ equity1,417.6Debt to equity1.26Fiscal year 2025Cash281.9Total debt2,786.0Net cash (debt)−2,504.1Shareholders’ equity−739.7
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 21.9 16.9 13.5 9.6 54.8 142.3 197.6 635.3 1,135.8 281.9
Total debt 907.3 1,088.0 1,104.4 1,029.9 940.5 723.4 598.8 599.2 1,786.3 2,786.0
Net cash (debt) −885.4 −1,071.1 −1,090.9 −1,020.3 −885.7 −581.1 −401.2 36.1 −650.5 −2,504.1
Shareholders’ equity 277.1 366.7 358.2 347.0 513.0 711.8 1,115.4 1,435.6 1,417.6 −739.7
Debt to equity 3.27 2.97 3.08 2.97 1.83 1.02 0.54 0.42 1.26 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 1 Jan 2017 FY2017 31 Dec 2017 FY2018 30 Dec 2018 FY2019 29 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
38.0% 35.1% 33.6% 34.6% 35.3% 35.1% 36.7% 39.1% 39.9% 39.7%
4.2% 2.4% 1.3% 3.7% 6.3% 7.9% 10.3% 12.5% 13.3% 13.2%
3.0% 1.5% −0.3% 0.7% 4.8% 4.6% 9.3% 8.4% 12.4% 10.7%
1.6% 2.3% −0.4% 0.2% 3.4% 3.4% 6.9% 6.1% 9.2% 7.9%
−0.3% 3.1% 0.7% 2.5% 5.8% 6.6% 4.1% 7.9% 7.3% 8.6%
Spending
33.8% 32.7% 32.4% 30.9% 29.1% 27.2% 26.4% 26.5% 26.6% 26.6%
5.5% 4.1% 3.0% 3.6% 4.0% 2.8% 4.8% 4.2% 5.4% 4.3%
38.9% −63.2% n/a 45.8% 24.5% 25.7% 25.2% 26.7% 26.1% 26.2%
Returns
18.1% 26.3% −5.6% 3.3% 33.6% 26.6% 38.6% 28.4% 44.7% n/a
2.0% 3.1% −0.7% 0.4% 5.4% 5.5% 11.6% 9.5% 11.9% 13.3%
Balance and payout
3.27 2.97 3.08 2.97 1.83 1.02 0.54 0.42 1.26 n/a
85.2% 85.1% 84.9% 85.6% 84.1% 79.3% 69.9% 66.5% 73.3% 117.2%
18.6% 9.7% n/a 82.4% 5.4% 4.9% 2.2% 11.5% 29.3% 15.2%
n/a 7.1% 30.5% 7.9% 3.2% 2.6% 3.7% 8.9% 160.5% 434.6%