Comprehensive Stock Comparison
Compare Coca-Cola Europacific Partners PLC (CCEP) vs Coca-Cola Consolidated, Inc. (COKE) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | COKE | 4.8% revenue growth vs CCEP's -1.8% |
| Value | CCEP | Lower P/E (21.0x vs 29.7x), PEG 0.69 vs 0.99 |
| Quality / Margins | COKE | 8.7% net margin vs CCEP's 8.1% |
| Stability / Safety | CCEP | Beta 0.16 vs COKE's 0.33 |
| Dividends | CCEP | 2.1% yield, vs COKE's 0.5% |
| Momentum (1Y) | COKE | +43.5% vs CCEP's +30.7% |
| Efficiency (ROA) | CCEP | 11.2% ROA vs COKE's 10.8%, ROIC 10.4% vs 35.0% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Valuation efficiency (growth/$)
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Coca-Cola Europacific Partners is a major Coca-Cola bottling partner that produces, distributes, and sells non-alcoholic beverages across Europe and the Asia-Pacific region. It generates revenue primarily through beverage sales — including sparkling drinks (~60%), still beverages (~30%), and energy drinks (~10%) — with most coming from its core Coca-Cola brand portfolio. Its key advantage is exclusive long-term bottling rights for Coca-Cola products in its territories, combined with extensive distribution networks and local market expertise.
Coca-Cola Consolidated is the largest independent Coca-Cola bottler in the United States, manufacturing and distributing Coca-Cola products across 14 states. It generates revenue primarily through beverage sales—sparkling drinks like Coke and Sprite (~60% of sales) and still beverages including water, tea, and energy drinks (~40%)—with distribution to retailers, restaurants, and vending outlets. Its key advantage is exclusive territorial rights to produce and distribute Coca-Cola products in its operating regions, creating a protected geographic moat.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
COKE leads in 4 of 6 categories (Financial Metrics, Valuation Metrics). CCEP leads in 2 (Risk & Volatility, Analyst Outlook).
Financial Metrics (TTM)
CCEP is the larger business by revenue, generating $41.3B annually — 5.8x COKE's $7.1B. Profitability is closely matched — net margins range from 8.7% (COKE) to 8.1% (CCEP). On growth, COKE holds the edge at +6.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CCEPCoca-Cola Europac… | COKECoca-Cola Consoli… |
|---|---|---|
| RevenueTrailing 12 months | $41.3B | $7.1B |
| EBITDAEarnings before interest/tax | $6.7B | $1.1B |
| Net IncomeAfter-tax profit | $3.4B | $612M |
| Free Cash FlowCash after capex | $4.4B | $598M |
| Gross MarginGross profit ÷ Revenue | +35.4% | +39.8% |
| Operating MarginEBIT ÷ Revenue | +11.7% | +13.1% |
| Net MarginNet income ÷ Revenue | +8.1% | +8.7% |
| FCF MarginFCF ÷ Revenue | +10.7% | +8.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -0.6% | +6.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +69.4% | +24.2% |
Valuation Metrics
At 22.9x trailing earnings, CCEP trades at a 23% valuation discount to COKE's 29.7x P/E. Adjusting for growth (PEG ratio), CCEP offers better value at 0.76x vs COKE's 0.99x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | CCEPCoca-Cola Europac… | COKECoca-Cola Consoli… |
|---|---|---|
| Market CapShares × price | $49.5B | $11.4B |
| Enterprise ValueMkt cap + debt − cash | $61.7B | $14.1B |
| Trailing P/EPrice ÷ TTM EPS | 22.89x | 29.72x |
| Forward P/EPrice ÷ next-FY EPS est. | 21.03x | — |
| PEG RatioP/E ÷ EPS growth rate | 0.76x | 0.99x |
| EV / EBITDAEnterprise value multiple | 15.07x | 14.80x |
| Price / SalesMarket cap ÷ Revenue | 2.09x | 1.58x |
| Price / BookPrice ÷ Book value/share | 5.14x | — |
| Price / FCFMarket cap ÷ FCF | 21.56x | 18.48x |
Profitability & Efficiency
CCEP delivers a 40.4% return on equity — every $100 of shareholder capital generates $40 in annual profit, vs $37 for COKE. On the Piotroski fundamental quality scale (0–9), CCEP scores 6/9 vs COKE's 5/9, reflecting solid financial health.
| Metric | CCEPCoca-Cola Europac… | COKECoca-Cola Consoli… |
|---|---|---|
| ROE (TTM)Return on equity | +40.4% | +37.4% |
| ROA (TTM)Return on assets | +11.2% | +10.8% |
| ROICReturn on invested capital | +10.4% | +35.0% |
| ROCEReturn on capital employed | +11.4% | +26.5% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 1.35x | — |
| Net DebtTotal debt minus cash | $10.3B | $2.6B |
| Cash & Equiv.Liquid assets | $918M | $282M |
| Total DebtShort + long-term debt | $11.2B | $2.9B |
| Interest CoverageEBIT ÷ Interest expense | 9.78x | 35.91x |
Total Returns (with DRIP)
A $10,000 investment in COKE five years ago would be worth $80,313 today (with dividends reinvested), compared to $22,866 for CCEP. Over the past 12 months, COKE leads with a +43.5% total return vs CCEP's +30.7%. The 3-year compound annual growth rate (CAGR) favors COKE at 54.6% vs CCEP's 28.6% — a key indicator of consistent wealth creation.
| Metric | CCEPCoca-Cola Europac… | COKECoca-Cola Consoli… |
|---|---|---|
| YTD ReturnYear-to-date | +25.2% | +35.2% |
| 1-Year ReturnPast 12 months | +30.7% | +43.5% |
| 3-Year ReturnCumulative with dividends | +112.4% | +269.5% |
| 5-Year ReturnCumulative with dividends | +128.7% | +703.1% |
| 10-Year ReturnCumulative with dividends | +189.0% | +1088.9% |
| CAGR (3Y)Annualised 3-year return | +28.6% | +54.6% |
Risk & Volatility
CCEP is the less volatile stock with a 0.16 beta — it tends to amplify market swings less than COKE's 0.33 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | CCEPCoca-Cola Europac… | COKECoca-Cola Consoli… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.16x | 0.33x |
| 52-Week HighHighest price in past year | $110.90 | $205.00 |
| 52-Week LowLowest price in past year | $80.70 | $105.21 |
| % of 52W HighCurrent price vs 52-week peak | +99.6% | +98.7% |
| RSI (14)Momentum oscillator 0–100 | 88.4 | 83.9 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 369K |
Analyst Outlook
Wall Street rates CCEP as "Buy" and COKE as "Hold". For income investors, CCEP offers the higher dividend yield at 2.09% vs COKE's 0.51%.
| Metric | CCEPCoca-Cola Europac… | COKECoca-Cola Consoli… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $113.00 | — |
| # AnalystsCovering analysts | 28 | 1 |
| Dividend YieldAnnual dividend ÷ price | +2.1% | +0.5% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $1.95 | $1.03 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.4% | 0.0% |
Historical Charts
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Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Coca-Cola Europacif… (CCEP) | 100 | 172.56 | +72.6% |
| Coca-Cola Consolida… (COKE) | 100 | 696.33 | +596.3% |
Coca-Cola Consolida… (COKE) returned +703% over 5 years vs Coca-Cola Europacif… (CCEP)'s +129%. A $10,000 investment in COKE 5 years ago would be worth $80,313 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Coca-Cola Europacif… (CCEP) | $9.6B | $20.1B | +109.6% |
| Coca-Cola Consolida… (COKE) | $3.2B | $7.2B | +129.0% |
Coca-Cola Europacific Partners PLC's revenue grew from $9.6B (2016) to $20.1B (2025) — a 8.6% CAGR. Coca-Cola Consolidated, Inc.'s revenue grew from $3.2B (2016) to $7.2B (2025) — a 9.6% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Coca-Cola Europacif… (CCEP) | 6.0% | 9.3% | +54.6% |
| Coca-Cola Consolida… (COKE) | 1.6% | 7.9% | +396.9% |
Coca-Cola Europacific Partners PLC's net margin went from 6% (2016) to 9% (2025). Coca-Cola Consolidated, Inc.'s net margin went from 2% (2016) to 8% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Coca-Cola Europacif… (CCEP) | 30.2 | 22.2 | -26.5% |
| Coca-Cola Consolida… (COKE) | 20.9 | 22.5 | +7.7% |
Coca-Cola Europacific Partners PLC has traded in a 17x–46x P/E range over 9 years; current trailing P/E is ~23x. Coca-Cola Consolidated, Inc. has traded in a 11x–142x P/E range over 8 years; current trailing P/E is ~30x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Coca-Cola Europacif… (CCEP) | 1.5 | 4.09 | +172.7% |
| Coca-Cola Consolida… (COKE) | 0.54 | 6.81 | +1170.5% |
Coca-Cola Europacific Partners PLC's EPS grew from $1.50 (2016) to $4.09 (2025) — a 12% CAGR. Coca-Cola Consolidated, Inc.'s EPS grew from $0.54 (2016) to $6.81 (2025) — a 33% CAGR.
Chart 6Free Cash Flow — 5 Years
Coca-Cola Europacific Partners PLC generated $2B FCF in 2025 (+10% vs 2021). Coca-Cola Consolidated, Inc. generated $620M FCF in 2025 (+69% vs 2021).
CCEP vs COKE: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is CCEP or COKE a better buy right now?
Coca-Cola Europacific Partners PLC (CCEP) offers the better valuation at 22.9x trailing P/E (21.0x forward), making it the more compelling value choice. Analysts rate Coca-Cola Europacific Partners PLC (CCEP) a "Buy" — based on 28 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CCEP or COKE?
On trailing P/E, Coca-Cola Europacific Partners PLC (CCEP) is the cheapest at 22.9x versus Coca-Cola Consolidated, Inc. at 29.7x.
03Which is the better long-term investment — CCEP or COKE?
Over the past 5 years, Coca-Cola Consolidated, Inc. (COKE) delivered a total return of +703.1%, compared to +128.7% for Coca-Cola Europacific Partners PLC (CCEP). A $10,000 investment in COKE five years ago would be worth approximately $80K today (assuming dividends reinvested). Over 10 years, the gap is even starker: COKE returned +1089% versus CCEP's +189.0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CCEP or COKE?
By beta (market sensitivity over 5 years), Coca-Cola Europacific Partners PLC (CCEP) is the lower-risk stock at 0.16β versus Coca-Cola Consolidated, Inc.'s 0.33β — meaning COKE is approximately 110% more volatile than CCEP relative to the S&P 500.
05Which has better profit margins — CCEP or COKE?
Coca-Cola Europacific Partners PLC (CCEP) is the more profitable company, earning 9.3% net margin versus 7.9% for Coca-Cola Consolidated, Inc. — meaning it keeps 9.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: COKE leads at 13.2% versus 12.9% for CCEP. At the gross margin level — before operating expenses — COKE leads at 39.7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — CCEP or COKE?
All stocks in this comparison pay dividends. Coca-Cola Europacific Partners PLC (CCEP) offers the highest yield at 2.1%, versus 0.5% for Coca-Cola Consolidated, Inc. (COKE).
07Is CCEP or COKE better for a retirement portfolio?
For long-horizon retirement investors, Coca-Cola Consolidated, Inc. (COKE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.33), 0.5% yield, +1089% 10Y return). Both have compounded well over 10 years (COKE: +1089%, CCEP: +189.0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between CCEP and COKE?
Both stocks operate in the Consumer Defensive sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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