Coca-Cola Consolidated Inc. (COKE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 24	$7.13	$8.42	+18.1%	—	$1.6B	—
Q1 23	—	$16.2	—	—	$1.6B	—
Q4 22	—	$13.5	—	—	$1.6B	—
Q3 22	—	$14.8	—	—	$1.6B	—
Q2 22	$9.83	$12	+21.8%	—	$1.6B	—
Q1 22	$7.13	$8.42	+18.1%	—	$1.4B	—
Q4 21	$7.62	$6.76	-11.3%	—	$1.4B	—
Q3 21	$7.86	$10.1	+28.4%	—	$1.5B	—
Q2 21	$5.78	$8.8	+52.2%	—	$1.4B	—
Q1 21	$2.17	$6.54	+201.4%	—	$1.3B	—
Q4 20	$2.44	$6.11	+150.4%	—	$1.3B	—
Q3 20	$3.43	$7.19	+109.6%	—	$1.3B	—
Q2 20	$3.09	$5.22	+68.9%	—	$1.2B	—
Q1 20	$0.59	$1.92	+225.4%	—	$1.2B	—
Q4 19	$2.31	$1.51	-34.6%	—	$1.2B	—
Q3 19	$3.56	$3.44	-3.4%	—	$1.3B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.82	—	—	$7.2B	—
FY24	—	$7.01	—	—	$6.9B	—
FY23	—	$43.6	—	—	$6.7B	—
FY22	—	$45.9	—	—	$6.2B	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.1B	$4.3B	$4.6B	$4.8B	$5B	$5.6B	$6.2B	$6.7B	$6.9B	$7.2B
YoY change	+35.7%	+37%	+7.88%	+4.35%	+3.75%	+11.1%	+11.5%	+7.3%	+3.69%	+4.76%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.1B	4.3B	4.6B	4.8B	5B	5.6B	6.2B	6.7B	6.9B	7.2B
Cost of revenue	1.9B	2.8B	3.1B	3.2B	3.2B	3.6B	3.9B	4.1B	4.1B	4.4B
Gross profit	1.2B	1.5B	1.6B	1.7B	1.8B	2B	2.3B	2.6B	2.8B	2.9B
Gross margin	38%	35.1%	33.6%	34.6%	35.3%	35.1%	36.7%	39.1%	39.9%	39.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.1B	1.4B	1.5B	1.5B	1.5B	1.5B	1.6B	1.9B	1.8B	1.9B
Operating expenses	1.1B	1.4B	1.5B	1.5B	1.5B	1.5B	1.6B	1.9B	1.8B	1.9B
Operating income	131.2M	101.5M	57.9M	180.8M	313.4M	439.2M	641M	721.7M	920.4M	950.7M
Operating margin	4.19%	2.37%	1.25%	3.74%	6.26%	7.89%	10.3%	10.8%	13.3%	13.2%
Non-operating income, net	-2.2M	3.3M	-20.7M	-100.5M	-35.6M	-150.6M	-41.2M	-165.1M	-61.8M	-135.1M
Pretax income	92.7M	63M	-13.3M	34.2M	241M	255.1M	575.1M	557.5M	856.7M	772.9M
Income tax	36M	-39.8M	1.9M	15.7M	58.9M	65.6M	144.9M	149.1M	223.5M	202.3M
Net income	56.7M	102.8M	-15.2M	18.6M	182.1M	189.6M	430.2M	408.4M	633.1M	570.6M
Net margin	1.81%	2.4%	-0.33%	0.38%	3.64%	3.41%	6.94%	6.14%	9.18%	7.89%
EBITDA	246.4M	260.8M	214.3M	260.1M	488M	615.5M	803.8M	1.1B	1.1B	1.2B
EPS	5.39	10.3	-2.13	1.21	18.4	20.2	45.9	43.6	7.01	6.82
Diluted EPS	5.36	10.3	-2.13	1.21	18.3	20.2	45.7	43.5	6.99	6.81

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.7B	1.6B	1.6B	1.8B	1.8B	1.7B	1.6B	1.9B	1.9B	1.9B	1.8B	2.1B
Cost of revenue	—	—	—	—	—	—	—	—	1.1B	1.1B	1.1B	1.3B
Gross profit	—	—	—	—	—	—	—	—	748.5M	754.2M	727.1M	778.4M
Gross margin	—	—	—	—	—	—	—	—	39.6%	39.6%	39.4%	37.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	501.9M	512.1M	489.6M	507.1M
Operating expenses	—	—	—	—	—	—	—	—	501.9M	512.1M	489.6M	507.1M
Operating income	—	—	—	—	—	—	—	—	246.6M	242.1M	237.5M	271.3M
Operating margin	—	—	—	—	—	—	—	—	13.1%	12.7%	12.9%	13.2%
Non-operating income, net	—	—	—	—	—	—	—	—	-49.7M	-28.7M	-54.2M	-25.7M
Pretax income	—	—	—	—	—	—	—	—	192.2M	188.2M	151.2M	215.1M
Income tax	—	—	—	—	—	—	—	—	49.9M	51M	39.7M	56.3M
Net income	—	—	—	—	—	—	—	—	142.3M	137.3M	111.6M	158.8M
Net margin	—	—	—	—	—	—	—	—	7.54%	7.21%	6.04%	7.74%
EBITDA	—	—	—	—	—	—	—	—	351.1M	189.8M	293.6M	354.2M
EPS	9.82	8.09	17.7	18.6	1.32	2.05	1.19	2.15	1.64	1.84	1.68	2.39
Diluted EPS	9.8	8.08	17.7	18.5	1.32	2.05	1.19	2.15	1.64	1.84	1.67	2.38

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	166.5M	200.8M	165.9M	266.2M	249.6M	580.4M	480.3M	870.3M	—	12.8B	12.9B
Enterprise value	1.1B	1.3B	1.3B	1.4B	1.4B	1.4B	1B	970.2M	—	15.5B	15.3B
Shares outstanding	9.3M	9.3M	9.3M	9.4M	9.4M	9.4M	9.4M	9.4M	90.4M	83.7M	83.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	2.94	1.95	—	14.3	1.37	3.06	1.12	2.13	—	22.5	25.2
P/S	0.05	0.05	0.04	0.06	0.05	0.1	0.08	0.13	—	1.78	1.68
P/B	0.46	0.44	0.36	0.59	0.49	0.82	0.43	0.61	—	-17.3	-25.7
EV/EBITDA	4.47	5.04	6.03	5.48	2.77	2.24	1.29	0.92	—	13.3	12.6
EV/Sales	0.35	0.31	0.28	0.3	0.27	0.25	0.17	0.15	—	2.14	1.99
Earnings yield	34%	51.2%	—	6.97%	73%	32.7%	89.6%	46.9%	—	4.45%	3.96%
FCF yield	-6.36%	57.6%	18.5%	43%	117.2%	61.5%	46.9%	60.7%	—	4.83%	3.44%
PEG	—	—	—	—	—	—	—	—	—	—	2.26

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	38%	35.1%	33.6%	34.6%	35.3%	35.1%	36.7%	39.1%	39.9%	39.7%	37.9%
Operating margin	4.19%	2.37%	1.25%	3.74%	6.26%	7.89%	10.3%	10.8%	13.3%	13.2%	13.2%
Net margin	1.81%	2.4%	-0.33%	0.38%	3.64%	3.41%	6.94%	6.14%	9.18%	7.89%	7.15%
ROE	15.6%	22.4%	-3.33%	4.11%	35.5%	26.6%	38.6%	28.4%	44.7%	-77.1%	97.3%
ROA	2.31%	3.35%	-0.5%	0.59%	5.65%	5.5%	11.6%	9.52%	11.9%	13.3%	12.5%
ROIC	6.18%	6.45%	3.66%	6.08%	14.7%	21.6%	28.7%	34.4%	36%	37.2%	37.7%
Return on tangible assets	9.39%	11.8%	-1.79%	1.83%	15.7%	13.4%	25.7%	17.7%	18.7%	23.5%	21.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.3	1.24	1.33	1.33	1.32	1.29	1.38	1.56	1.94	1.26	1.21
Quick ratio	0.98	0.96	0.98	0.97	0.97	0.93	0.99	1.27	1.69	0.97	0.92
Debt / equity	2.63	2.47	2.5	2.59	2.25	1.32	0.68	0.51	1.35	-3.93	-0.05
Debt / assets	0.39	0.37	0.38	0.37	0.36	0.27	0.2	0.17	0.36	0.68	0.59
Net debt / EBITDA	3.79	4.27	5.25	4.46	2.26	1.29	0.69	0.09	0.42	2.25	2.06
Interest coverage	3.55	2.5	0.74	1.74	7.56	8.63	24.2	—	464.6	19.1	19.1
Effective tax rate	38.9%	0%	0%	45.8%	24.5%	25.7%	25.2%	26.7%	26.1%	26.2%	26.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	336.2	459.6	494.7	515.1	534.2	593.5	661.5	709.8	76.3	86.4	104.7
EPS (basic)	5.39	10.3	-2.13	1.21	18.4	20.2	45.9	43.6	7.01	6.82	6.82
EPS (diluted)	5.36	10.3	-2.13	1.21	18.3	20.2	45.7	43.5	6.99	6.81	7.67
Book value per share	39	49.2	48.7	48.1	54.7	75.9	119	153.1	15.7	-8.84	-7.51
FCF per share	-1.14	12.4	3.28	12.2	31.2	38.1	24	56.4	5.59	7.4	8.39
Cash per share	2.35	1.81	1.45	1.03	5.85	15.2	21.1	67.8	15.9	3.37	2.58
Capex per share	18.4	18	13.8	17.9	21.2	16	31.1	30	4.1	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	5.48%	3.91%	2.79%	3.47%	3.97%	2.7%	4.7%	4.23%	5.37%	—	—
Capex / operating cash flow	157%	61.5%	111.5%	56.2%	38.9%	31.9%	52%	44.8%	46.1%	—	—
Payout ratio	16.4%	9.07%	-61.7%	50.5%	5.15%	4.94%	2.18%	11.5%	29.3%	15.2%	13.3%
Dividend yield	5.59%	4.65%	5.64%	3.52%	3.76%	1.62%	1.95%	5.39%	—	0.68%	0.52%

Yield

0.52%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Jul 24, 2026

Payout ratio

13%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 24, 2026	$0.25
Apr 24, 2026	$0.25
Jan 23, 2026	$0.25

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.7B	$1.6B	$1.6B	$1.8B	$1.8B	$1.7B	$1.6B	$1.9B	$1.9B	$1.9B	$1.8B	$2.1B
YoY change	+5.15%	+3.7%	+1.27%	+3.28%	+3.11%	+7.08%	-0.73%	+3.32%	+6.95%	+9.03%	+16.9%	+10.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	21.9M	16.9M	13.5M	9.6M	54.8M	142.3M	197.6M	635.3M	1.4B	281.9M
Receivables	267.2M	388.4M	427.7M	419.8M	403.8M	454.9M	515.9M	539.9M	553M	574.6M
Inventory	143.6M	183.6M	210M	225.9M	225.8M	302.9M	347.5M	321.9M	330.4M	336.4M
Total current assets	593.8M	794.5M	797.4M	830.3M	851.2M	1.1B	1.2B	1.7B	2.5B	1.4B
Property, plant & equipment	645.3M	849.9M	795.4M	903.2M	986.8M	969.7M	978.6M	1.1B	1.1B	1.2B
Goodwill & intangibles	1.8B	2.2B	2.2B	2.1B	2.1B	2B	2B	2B	1.9B	1.9B
Total assets	2.4B	3.1B	3B	3.1B	3.2B	3.4B	3.7B	4.3B	5.3B	4.3B
Accounts payable	116.8M	197M	152M	187.5M	217.6M	319.3M	351.7M	383.6M	334.9M	359.1M
Short-term debt	7.5M	8.2M	8.6M	24.4M	25.6M	28.1M	29.9M	28.7M	375.6M	125M
Total current liabilities	457.9M	639.5M	601.7M	622.2M	647.1M	834.9M	905.2M	1.1B	1.3B	1.1B
Long-term debt	948.4M	1.1B	1.1B	1.1B	1.1B	910.5M	725.1M	706.5M	1.5B	2.8B
Total liabilities	2.1B	2.6B	2.6B	2.7B	2.7B	2.7B	2.6B	2.9B	3.9B	5B
Shareholders' equity	363M	458.9M	455.2M	451.1M	513M	711.8M	1.1B	1.4B	1.4B	-739.7M
Total debt	956M	1.1B	1.1B	1.2B	1.2B	938.6M	755M	735.1M	1.9B	2.9B
Net debt	934.1M	1.1B	1.1B	1.2B	1.1B	796.3M	557.4M	99.9M	771.2M	2.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	616.2M	635.3M	584.9M	1.9B	1.5B	1.4B	1.5B	1.6B	1.7B	281.9M	232.9M	171.7M
Receivables	648.5M	539.9M	551.4M	602.6M	556.7M	553M	639.9M	679.7M	661.4M	574.6M	597.9M	695.7M
Inventory	320.4M	321.9M	361.1M	338.2M	334.7M	330.4M	340.2M	349.2M	354.9M	336.4M	388.7M	371.2M
Total current assets	1.7B	1.7B	1.7B	3B	2.6B	2.5B	2.6B	2.7B	2.8B	1.4B	1.5B	1.5B
Property, plant & equipment	979.2M	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B
Goodwill & intangibles	2B	2B	2B	2B	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	1.8B
Total assets	4.1B	4.3B	4.3B	5.7B	5.3B	5.3B	5.4B	5.5B	5.7B	4.3B	4.4B	4.4B
Accounts payable	529.1M	383.6M	347M	368.6M	347M	334.9M	328.4M	365.9M	362.4M	359.1M	420.3M	425.1M
Short-term debt	28.5M	28.7M	27.6M	26.5M	25M	375.6M	375.6M	376.1M	375M	125M	124.6M	124.1M
Total current liabilities	907.8M	1.1B	917.9M	1.5B	1B	1.3B	1.3B	1.3B	1.4B	1.1B	1.2B	1.3B
Long-term debt	708.4M	706.5M	700.7M	1.9B	1.9B	1.5B	1.5B	1.5B	1.5B	2.8B	2.6B	2.5B
Total liabilities	2.6B	2.9B	2.7B	4.5B	4B	3.9B	3.9B	3.9B	4B	5B	5B	4.9B
Shareholders' equity	1.5B	1.4B	1.6B	1.2B	1.3B	1.4B	1.5B	1.6B	1.6B	-739.7M	-643.5M	-500.1M
Total debt	736.9M	735.1M	728.3M	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	2.9B	2.8B	2.6B
Net debt	120.7M	99.9M	327M	208.3M	663.6M	771.2M	750.2M	682.6M	383.9M	2.6B	2.5B	2.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	56.7M	102.8M	-15.2M	18.6M	182.1M	189.6M	430.2M	408.4M	633.1M	570.6M
Depreciation & amortization	116.6M	168.8M	187.3M	179.9M	179M	180.6M	171.6M	177M	193.8M	218.5M
Stock-based compensation	7.2M	7.9M	5.6M	2M	0	0	—	—	—	—
Change in working capital	-114.1M	-62.7M	-102.8M	-1.2M	70.5M	-17.8M	-65.6M	-68.7M	-88.2M	-9.1M
Operating cash flow	109.3M	272.3M	115.9M	297.6M	511.1M	472M	559.7M	628M	802.7M	931.9M
Capital expenditure	-171.5M	-167.6M	-129.2M	-167.3M	-198.6M	-150.4M	-291.2M	-281.6M	-370.4M	—
Investing cash flow	-452M	-443.3M	-143.9M	-169M	-200.4M	-152.9M	-294.3M	-295.4M	-682.2M	286.7M
Dividends paid	-9.3M	-9.3M	-9.4M	-9.4M	-9.4M	-9.4M	-9.4M	-46.9M	-185.6M	-86.7M
Share repurchases	—	—	—	—	—	—	—	—	-625.7M	-2.6B
Financing cash flow	256.4M	146.1M	-28.3M	-671M	-528.9M	-327.3M	-174.2M	-77.7M	306.4M	-1.8B
Net change in cash	-86.4M	-24.8M	-56.3M	-542.4M	-218.2M	-8.3M	91.2M	254.9M	426.9M	-548.2M
Free cash flow	-10.6M	115.6M	30.6M	114.3M	292.4M	357.1M	225.2M	528.4M	505.3M	619.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	92.1M	75.8M	165.7M	172.8M	115.6M	178.9M	103.6M	187.4M	142.3M	137.3M	111.6M	158.8M
Depreciation & amortization	44.1M	45.7M	46.8M	47.7M	48.8M	50.6M	53.4M	54.8M	55.1M	55.3M	56.9M	58.2M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	29.8M	-49.2M	-21M	-50.4M	99.1M	-92.3M	25M	-54.9M	54.5M	-22.1M	25.3M	-31.1M
Operating cash flow	164.2M	131.7M	242.8M	120.4M	312.6M	127M	260.8M	208.1M	316.7M	209M	205.3M	215.4M
Capital expenditure	-59.2M	-129.8M	-76.9M	-82.2M	-127.8M	-83.5M	-97.7M	—	—	—	—	—
Investing cash flow	-62.2M	-134.5M	-263.3M	-98.9M	-145.8M	-174.2M	-139.7M	-14.3M	198.2M	144.8M	-5.3M	-4.6M
Dividends paid	-4.7M	-4.7M	-154.7M	-4.7M	-4.4M	-21.9M	-21.8M	-21.8M	-21.7M	-21.4M	-16.6M	-16.6M
Share repurchases	0	—	—	—	-559.5M	-51.6M	—	—	-111.3M	-2.5B	—	—
Financing cash flow	-13M	-12.6M	-165M	-31.4M	-588.3M	-94.4M	-42.5M	-37.9M	-149.8M	-1.5B	-185.9M	-160.1M
Net change in cash	89M	-15.4M	-185.5M	-10M	-421.4M	-141.7M	78.6M	155.9M	365.1M	-1.1B	14M	50.7M
Free cash flow	201.8M	36.1M	117.2M	160.5M	142.8M	84.8M	100.3M	148.5M	264.1M	106.7M	142.2M	131.1M

Date	Ratio
May 27, 2025	10:1
Mar 21, 1984	2:1

Coca-Cola Consolidated Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history