Comprehensive Stock Comparison
Compare Coca-Cola Consolidated, Inc. (COKE) vs Coca-Cola Europacific Partners PLC (CCEP) 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 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.
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.
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 | COKECoca-Cola Consoli… | CCEPCoca-Cola Europac… |
|---|---|---|
| RevenueTrailing 12 months | $7.1B | $41.3B |
| EBITDAEarnings before interest/tax | $1.1B | $6.7B |
| Net IncomeAfter-tax profit | $612M | $3.4B |
| Free Cash FlowCash after capex | $598M | $4.4B |
| Gross MarginGross profit ÷ Revenue | +39.8% | +35.4% |
| Operating MarginEBIT ÷ Revenue | +13.1% | +11.7% |
| Net MarginNet income ÷ Revenue | +8.7% | +8.1% |
| FCF MarginFCF ÷ Revenue | +8.5% | +10.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +6.9% | -0.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +24.2% | +69.4% |
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 | COKECoca-Cola Consoli… | CCEPCoca-Cola Europac… |
|---|---|---|
| Market CapShares × price | $11.4B | $49.5B |
| Enterprise ValueMkt cap + debt − cash | $14.1B | $61.7B |
| Trailing P/EPrice ÷ TTM EPS | 29.72x | 22.89x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 21.03x |
| PEG RatioP/E ÷ EPS growth rate | 0.99x | 0.76x |
| EV / EBITDAEnterprise value multiple | 14.80x | 15.07x |
| Price / SalesMarket cap ÷ Revenue | 1.58x | 2.09x |
| Price / BookPrice ÷ Book value/share | — | 5.14x |
| Price / FCFMarket cap ÷ FCF | 18.48x | 21.56x |
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 | COKECoca-Cola Consoli… | CCEPCoca-Cola Europac… |
|---|---|---|
| ROE (TTM)Return on equity | +37.4% | +40.4% |
| ROA (TTM)Return on assets | +10.8% | +11.2% |
| ROICReturn on invested capital | +35.0% | +10.4% |
| ROCEReturn on capital employed | +26.5% | +11.4% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | — | 1.35x |
| Net DebtTotal debt minus cash | $2.6B | $10.3B |
| Cash & Equiv.Liquid assets | $282M | $918M |
| Total DebtShort + long-term debt | $2.9B | $11.2B |
| Interest CoverageEBIT ÷ Interest expense | 35.91x | 9.78x |
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 | COKECoca-Cola Consoli… | CCEPCoca-Cola Europac… |
|---|---|---|
| YTD ReturnYear-to-date | +35.2% | +25.2% |
| 1-Year ReturnPast 12 months | +43.5% | +30.7% |
| 3-Year ReturnCumulative with dividends | +269.5% | +112.4% |
| 5-Year ReturnCumulative with dividends | +703.1% | +128.7% |
| 10-Year ReturnCumulative with dividends | +1088.9% | +189.0% |
| CAGR (3Y)Annualised 3-year return | +54.6% | +28.6% |
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 | COKECoca-Cola Consoli… | CCEPCoca-Cola Europac… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.33x | 0.16x |
| 52-Week HighHighest price in past year | $205.00 | $110.90 |
| 52-Week LowLowest price in past year | $105.21 | $80.70 |
| % of 52W HighCurrent price vs 52-week peak | +98.7% | +99.6% |
| RSI (14)Momentum oscillator 0–100 | 83.9 | 88.4 |
| Avg Volume (50D)Average daily shares traded | 369K | 1.3M |
Analyst Outlook
Wall Street rates COKE as "Hold" and CCEP as "Buy". For income investors, CCEP offers the higher dividend yield at 2.09% vs COKE's 0.51%.
| Metric | COKECoca-Cola Consoli… | CCEPCoca-Cola Europac… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | — | $113.00 |
| # AnalystsCovering analysts | 1 | 28 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | +2.1% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $1.03 | $1.95 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.4% |
Historical Charts
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Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Coca-Cola Consolida… (COKE) | 100 | 696.33 | +596.3% |
| Coca-Cola Europacif… (CCEP) | 100 | 172.56 | +72.6% |
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 Consolida… (COKE) | $3.2B | $7.2B | +129.0% |
| Coca-Cola Europacif… (CCEP) | $9.6B | $20.1B | +109.6% |
Coca-Cola Consolidated, Inc.'s revenue grew from $3.2B (2016) to $7.2B (2025) — a 9.6% CAGR. Coca-Cola Europacific Partners PLC's revenue grew from $9.6B (2016) to $20.1B (2025) — a 8.6% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Coca-Cola Consolida… (COKE) | 1.6% | 7.9% | +396.9% |
| Coca-Cola Europacif… (CCEP) | 6.0% | 9.3% | +54.6% |
Coca-Cola Consolidated, Inc.'s net margin went from 2% (2016) to 8% (2025). Coca-Cola Europacific Partners PLC's net margin went from 6% (2016) to 9% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Coca-Cola Consolida… (COKE) | 20.9 | 22.5 | +7.7% |
| Coca-Cola Europacif… (CCEP) | 30.2 | 22.2 | -26.5% |
Coca-Cola Consolidated, Inc. has traded in a 11x–142x P/E range over 8 years; current trailing P/E is ~30x. Coca-Cola Europacific Partners PLC has traded in a 17x–46x P/E range over 9 years; current trailing P/E is ~23x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Coca-Cola Consolida… (COKE) | 0.54 | 6.81 | +1170.5% |
| Coca-Cola Europacif… (CCEP) | 1.5 | 4.09 | +172.7% |
Coca-Cola Consolidated, Inc.'s EPS grew from $0.54 (2016) to $6.81 (2025) — a 33% CAGR. Coca-Cola Europacific Partners PLC's EPS grew from $1.50 (2016) to $4.09 (2025) — a 12% CAGR.
Chart 6Free Cash Flow — 5 Years
Coca-Cola Consolidated, Inc. generated $620M FCF in 2025 (+69% vs 2021). Coca-Cola Europacific Partners PLC generated $2B FCF in 2025 (+10% vs 2021).
COKE vs CCEP: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is COKE or CCEP 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 — COKE or CCEP?
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 — COKE or CCEP?
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 — COKE or CCEP?
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 — COKE or CCEP?
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 — COKE or CCEP?
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 COKE or CCEP 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 COKE and CCEP?
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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