KO Financials Coca-Cola

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 7.7% per year over the past 5 years.
Net income has grown faster than revenue (11.1% vs 7.7% per year).
Operating margin has expanded, at 28.7% in the latest year.
Free cash flow has declined 9.4% per year over the past 5 years.

Financial health

Total debt has grown slower than revenue (-0.8% vs 7.7% per year).
Operating income covered interest expense 8.3× in the latest year, up from 6.3× 5 years ago.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 67.0% of earnings and 165.8% of free cash flow.
The dividend has grown 4.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$47.9B	$13.1B	61.6%	28.7%	$5.3B	—	$10.3B
2024	$47.1B	$10.6B	61.1%	21.2%	$4.7B	—	$10.8B
2023	$45.8B	$10.7B	59.5%	24.7%	$9.7B	$41.7B	$9.4B
2022	$43.0B	$9.5B	58.1%	25.4%	$9.5B	$38.9B	$9.5B
2021	$38.7B	$9.8B	60.3%	26.7%	$11.3B	$41.9B	$9.7B
2020	$33.0B	$7.7B	59.3%	27.3%	$8.7B	$41.9B	$6.8B
2019	$37.3B	$8.9B	60.8%	27.1%	$8.4B	$41.8B	$6.5B
2018	$34.3B	$6.4B	61.9%	26.7%	$6.1B	$43.4B	$9.1B
2017	$36.2B	$1.2B	62.1%	21.4%	$5.3B	$47.4B	$6.1B
2016	$41.9B	$6.5B	60.7%	20.7%	$6.5B	$45.5B	$8.6B
2015	—	$7.4B	—	—	$8.0B	$44.0B	$7.3B
2014	—	$7.1B	—	—	$8.2B	$41.6B	$9.0B
2013	—	$8.6B	—	—	$8.0B	$37.0B	$10.4B
2012	—	$9.0B	—	—	$7.9B	$32.5B	$8.4B
2011	—	$8.6B	—	—	$6.6B	$27.8B	$12.8B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Apr '26	$12.5B	$3.9B	63.0%	35.0%	$1.8B	—	$10.6B
Dec '25	$11.8B	$2.3B	60.0%	15.6%	$2.9B	—	$10.3B
Sep '25	$12.5B	$3.7B	61.5%	32.0%	$4.6B	—	$12.7B
Jun '25	$12.5B	$3.8B	62.4%	34.1%	$3.4B	—	$9.6B
Mar '25	$11.1B	$3.3B	62.6%	32.9%	-$5.5B	—	$8.4B
Dec '24	$11.5B	$2.2B	60.0%	23.5%	$3.1B	—	$10.8B
Sep '24	$11.9B	$2.8B	60.7%	21.2%	-$1.7B	—	$13.9B
Jun '24	$12.4B	$2.4B	61.1%	21.3%	$3.2B	—	$13.7B
Mar '24	$11.3B	$3.2B	62.5%	18.9%	$158M	$42.2B	$10.4B
Dec '23	$10.8B	$2.0B	57.3%	21.0%	$1.8B	$41.7B	$9.4B
Sep '23	$12.0B	$3.1B	61.0%	27.4%	$3.9B	$40.0B	$11.9B
Jun '23	$12.0B	$2.5B	59.0%	20.1%	$4.1B	$41.4B	$12.6B
Mar '23	$11.0B	$3.1B	60.7%	30.7%	-$116M	$42.2B	$12.0B
Dec '22	$10.1B	$2.0B	55.4%	20.5%	$2.2B	$38.9B	$9.5B
Sep '22	$11.1B	$2.8B	58.7%	27.9%	$3.2B	$36.2B	$10.1B
Jul '22	$11.3B	$1.9B	57.4%	20.7%	$3.7B	$37.5B	$9.0B
Apr '22	$10.5B	$2.8B	61.0%	32.5%	$406M	$38.1B	$7.7B
Dec '21	$9.5B	$2.4B	56.8%	17.7%	$2.8B	$41.9B	$9.7B
Oct '21	$10.0B	$2.5B	60.4%	28.9%	$3.4B	$39.8B	$11.3B
Jul '21	$10.1B	$2.6B	62.6%	29.8%	$3.7B	$40.1B	$9.2B

Valuation over time

How the market has priced KO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 27.9× (Mar '23) to 26.4× (Jun '26).
The price-to-sales ratio has risen from 6.2× (Mar '23) to 7.2× (Jun '26).
The dividend yield has fallen from 2.9% (Mar '23) to 2.5% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is KO growing its revenue and profit?

Over the past 5 years, Coca-Cola's revenue has grown 7.7% per year, and net income grown 11.1% per year. These are computed facts, not advice.

How much debt does KO have?

As of FY2025, Coca-Cola reported — of total debt against $10.3B of cash; operating income covered interest expense 8.3×.

What is KO's profit margin?

In FY2025, gross margin was 61.6%, operating margin 28.7%, and net margin 27.3%.

What is KO's P/E ratio?

As of Jun '26, Coca-Cola traded at a price-to-earnings ratio of about 26.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.