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The Coca-Cola Company
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NYSE: KO Consumer Staples FMCG 🔎 Screen
Dow 30 S&P 500
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$377.9B
Market Cap
23.0
P/E
3.34
PEG
19.8%
ROCE
43.3%
ROE
1.40
D/E
31.4%
OPM
-3.0%
% from 52W High
77
α RS
🔍 KO is showing a high-conviction setup because it matches 16 of 39 tracked screener presets, Sector RRG has Consumer Staples in the Improving quadrant with the trail still strengthening, and RS Rating is 77. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 16/39 · Consumer Staples in Improving quadrant · RS Rating 77
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🌏 Global Investor Returns
Currency-adjusted total returns for KO including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Sector Averages
About

The Coca-Cola Company, a beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally. The company provides Trademark Coca-Cola, sparkling soft drinks and flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and emerging beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers comprising restaurants and convenience stores. The company sells its products under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, caffeine free Diet Coke, Cherry Coke, Fanta, Sprite, Simply, Fanta Orange, Fanta Zero Orange, Fanta Zero Sugar, Fanta Apple, Sprite Zero Sugar, Simply Orange, Simply Apple, Simply Grapefruit, Fresca, Schweppes, Thums Up, Aquarius, Ayataka, BODYARMOR, Ciel, Costa, Crystal, Dasani, Fuze Tea, Georgia, glacéau smartwater, glacéau vitaminwater, Gold Peak, I LOHAS, Powerade, Topo Chico, Core Power, Del Valle, fairlife, innocent, Maaza, Minute Maid, Minute Maid Pulpy, Santa Clara, and doğadan brands. It operates through a network of independent bottling partners, distributors, wholesalers, and retailers, as well as through bottling and distribution operators. The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding KO
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Manager Shares Value % of Fund Period
Warren Buffett Berkshire Hathaway Inc 282.72M $21.5B 8.17% Mar 2026
Warren Buffett Berkshire Hathaway Inc 80.28M $6.1B 2.32% Mar 2026
Warren Buffett Berkshire Hathaway Inc 14.99M $1.1B 0.43% Mar 2026
Warren Buffett Berkshire Hathaway Inc 14.41M $1.1B 0.42% Mar 2026
Warren Buffett Berkshire Hathaway Inc 3.55M $270.1M 0.10% Mar 2026
Steve Cohen Point72 Asset Management 2.62M $199.4M 0.26% Mar 2026
Warren Buffett Berkshire Hathaway Inc 1.82M $138.7M 0.05% Mar 2026
Warren Buffett Berkshire Hathaway Inc 960.0K $73.0M 0.03% Mar 2026
Warren Buffett Berkshire Hathaway Inc 800.0K $60.8M 0.02% Mar 2026
Warren Buffett Berkshire Hathaway Inc 371.5K $28.3M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$13.4B
+7% YoY
Operating Income
Not disclosed
+9% YoY reported; +6% comparable currency-neutral
Operating Margin
35.6% comparable
+0.9pp YoY comparable
Comparable EPS
$0.97
+11% YoY
What Went Right
  • Organic revenue grew 6% with unit case volume +5%, aided by strong FIFA World Cup activation; two-year volume +2%.
  • Trademark Coca-Cola volume grew 5%, strongest in 17 years excluding COVID recovery, and POWERADE grew 8% globally.
  • Margin expansion continued: comparable gross margin +120bps and comparable operating margin +90bps, while comparable EPS grew 11% to $0.97.
What to Watch
  • Consumer environment remains uneven: lower-income households pressured globally, China cautious, Mexico difficult and Middle East disrupted by geopolitical conflict.
  • Asia-Pacific comparable operating income declined as the company invests in affordability and consumer-base expansion; APAC price/mix was -9% in the quarter.
  • Q4 will have six fewer days, concentrate shipments are expected to slightly trail unit case volume for the full year, and the IRS appeal remains unresolved.
Management Guidance
  • FY2026 organic revenue growth now expected at approximately 5%, at the high end of prior guidance.
  • FY2026 comparable EPS growth raised to 9%-10% versus $3 in 2025; comparable currency-neutral EPS growth of 7%-8%.
  • Expect ~1pt currency tailwind to comparable net revenues and ~3pt currency tailwind to comparable EPS for 2026; Q3 concentrate shipments expected to lag unit case volume by 1pt.
Investor Lens
The thesis is stronger after the call: Q2 delivered high-end organic growth, broad-based volume gains and margin expansion while management raised full-year EPS guidance. The low net debt leverage of 1.4x EBITDA and $6.9B year-to-date free cash flow provide flexibility, and the FIFA World Cup data haul supports future marketing efficiency. Offsets include deliberate APAC profit investment, weak consumer sentiment in key markets and the unresolved tax case. Overall, execution supports the long-term algorithm, but the sustainability of 2% two-year volume growth should be watched.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG STRONG quarter: organic revenue +6%, comparable EPS +11%.
Revenue
Net revenues grew 7% to $13.4B; organic revenues grew 6%, at the high end of the long-term algorithm. Unit case volume grew 5% in the quarter (2% on a two-year basis), with segment volume growth of North America +3%, EMEA +4%, Latin America +3% and Asia-Pacific +8%.
Profitability
Reported EPS grew 16% to $1.03, while comparable EPS grew 11% to $0.97, including a 2-point currency tailwind. Reported operating income grew 9%, and comparable currency-neutral operating income grew 6%.
Margins
Comparable gross margin expanded approximately 120bps, and comparable operating margin expanded approximately 90bps to 35.6%, versus 34.7% a year ago. Expansion was driven by organic revenue growth, lower operating expenses and currency tailwinds, partially offset by higher input costs and marketing investment timing.
Balance Sheet
Year-to-date free cash flow was approximately $6.9 billion, an increase versus the prior year. Net debt leverage was 1.4x EBITDA, below the company's 2x-2.5x target, leaving room for reinvestment and capital returns.
Key Risks
Management flagged an uneven global consumer with pressured lower-income cohorts, cautious China sentiment and difficult conditions in Mexico. Asia-Pacific profitability is being deliberately sacrificed for long-term consumer-base expansion, and the IRS tax appeal remains a potential overhang with a decision expected in 6-12 months.
Outlook
FY2026 guidance was raised to organic revenue growth of approximately 5% and comparable EPS growth of 9%-10% versus $3 in 2025. The fourth quarter will have six fewer days and should benefit from the expected CCBA refranchising closing late in Q3 or during Q4.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-28
Strong Q2 and first half with 5% volume and 6% organic revenue growth, margin expansion, and double-digit EPS growth. FIFA World Cup campaign drove record engagement and volume, while guidance was raised for 2026. Ongoing IRS tax dispute and CCBA divestiture remain key watchpoints.
Q1 2026 Q1 2026 2026-04-28
Strong Q1 results with 10% organic revenue growth, 3% volume growth, and 18% EPS increase, driven by broad-based gains across all regions and robust innovation. Updated 2026 guidance calls for 4%-5% organic revenue growth and 8%-9% EPS growth, despite ongoing macro and commodity headwinds.
Q4 2025 Q4 2025 2026-02-10
Delivered strong 2025 results with 5% organic revenue growth and 6% EPS growth, despite currency headwinds. 2026 guidance targets 4%-5% organic revenue growth and 7%-8% EPS growth, with continued investment in brands, innovation, and digital engagement.
Q3 2025 Q3 2025 2025-10-21
Q3 saw 6% organic revenue and EPS growth, with value share gains across all segments despite currency headwinds. Strategic refranchising in India and Africa nears completion, while innovation and marketing investments drive momentum. 2025 guidance is reaffirmed.
Q2 2025 Q2 2025 2025-07-22
Q2 2025 saw 5% organic revenue growth and 4% EPS growth, with robust margin expansion and continued value share gains despite a 1% volume decline and currency headwinds. Updated 2025 guidance maintains strong top- and bottom-line growth expectations, supported by agile execution and innovation.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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