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KOThe Coca-Cola Company
$95.67$411.6B
Overview & Tools
OverviewChart Terminal ↗AnalysisVisualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
KO logo

The Coca-Cola Company

KO
NYSE · Non-Alcoholic Beverages
$95.67
At close - Nov 6, 4:00 PM EST - USD
Market Cap$411.62B
P/E28.2x
52W High$97.39
Volume18.41M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Pricing-Led Margin Reset Meets Premium Valuation

Coca-Cola's operating profile appears to have undergone a structural reset, with operating margin climbing from 21.2% in Q3 2024 to 33.4% in Q3 2026 and gross margin expanding 320 bps to 63.2%, outpacing peers such as PEP at 54.1% and MNST at 55.8%.

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

KO price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

+36% Peers

P/E is 36% above peer median

03

Market leadership

RS 83 · Leader

High momentum (Outperforming 83% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Jan 27
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth reaccelerated to 7.4% in Q3 2026 from -1.5% in Q1 2025, but the swing appears pricing-led, with gross margin at 63.2% and operating margin at 33.4% reflecting an 80% operating income increase to $4.5B on only 12.6% revenue growth over two years.

Analyst Consensus+2.0% target
Buy(48 analysts)
29 Buy16 Hold3 Sell

The Bull Case

Upside Catalysts

Strong Organic Growth and Pricing Power

Coca-Cola reported 10% organic sales growth in Q1 2026, with a target of 4-5% organic revenue growth for the full year.

Resilient Brand and Global Reach

Coca-Cola's strong global brand and expansion in emerging markets like India and Africa are expected to drive future volume recovery.

Defensive Characteristics and Dividend Aristocracy

With a low beta of 0.36 and 63 consecutive years of dividend increases, Coca-Cola is appealing to stability-seeking investors.

The Bear Case

Key Downside Risks

Volume Compression from Price Hikes

Continued price increases may reduce sales volume as consumers trade down or cut back on consumption.

Health Trends and Regulatory Concerns

The rise of weight-loss drugs and sugar content regulations could negatively impact beverage consumption.

Macroeconomic Pressures

Coca-Cola faces risks from inflation, trade-down behaviors, and currency headwinds, particularly noted in regions like Asia Pacific.

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
KO+40.71%
S&P 500 (^GSPC)+7.63%
1-Year Return
KO+41.57%
S&P 500 (^GSPC)+9.69%
3-Year Return
KO+78.51%
S&P 500 (^GSPC)+68.66%
5-Year Return
KO+86.86%
S&P 500 (^GSPC)+56.71%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
28.2x
Forward P/E
28.6x
EV/EBITDA80th %ile
27.4x
FCF YieldCash Flow
3.5%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
28.2x
25.3x
80th· High
EV/EBITDA
27.4x
24.8x
80th· High
Price/FCF
28.8x
29.0x
40th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$31.38-67.2%
Base (Fair)$67.31-29.6%
Bull$102.39+7.0%
$31.38 Bear$67.31 Base$102.39 Bull
Current Market Price: $95.67
Trades at a 42.1% premium to Base DCF ($67.31)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$47.94B+1.9% YoY
Net income FY25
$13.11B+23.3% YoY
Free cash flow FY25
$5.3B+11.7% YoY
Operating margin FY25
28.7%+7.5 pts YoY
ROIC (FY25)15.6%
Avg ROIC 5Y13.8%
ROE (TTM)39.6%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 27, 2026
$0.91+3.3%
vs $0.88
$13.4B+3.7%
vs $12.9B
Q3 2026
Jul 28, 2026
$0.97+4.1%
vs $0.93
$13.4B+1.5%
vs $13.2B
Q2 2026
Apr 28, 2026
$0.86+5.9%
vs $0.81
$12.5B+1.9%
vs $12.2B
Q1 2026
Feb 10, 2026
$0.58+2.7%
vs $0.56
$11.8B-2.1%
vs $12.0B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
24/7 Wall Street·1d ago
The Average 1-Year CD Pays Just 1.76%. These Dividend Stocks Could Pay More

A guaranteed bank rate sounds safe until you weigh what it can't do.

The Motley Fool·1d ago
Coca-Cola Stock Is a Buy Thanks to Shelf Space and Habits

Coca-Cola is known for consistent dividend payouts -- and increasing the amount for 64 straight years. The stock price has performed well in 2026, climbing 35% compared to the S&P 500's 10.5% return.

24/7 Wall Street·1d ago
4 Dividend Raisers With Balance Sheets Strong Enough to Keep Raising Through Any Downturn

When profits dip, lenders get paid first and the dividend is usually what gets cut. Four household names have raised their payouts year after year, and one of them holds a credit rating almost no other U.S. company can match.

24/7 Wall Street·1d ago
Coca-Cola vs P&G: Staples Rotation Crowns a Clear Income Winner

Tech is bleeding while soda and detergent makers rally, and Jim Cramer wants to camp out in staples "for a bit." Two dividend legends have very different runs behind them, and only one suits someone living off portfolio income.

Filtered for The Coca-Cola CompanyMore Headlines
04

Compare before deciding

Benchmark KO against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for The Coca-Cola Company (KO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
KO logoKOThe Coca-Cola CompanyCurrent
$95.67$411.62B28.211.87%28.65%39.58%2.13%
PEP logoPEPPepsiCo, Inc.
$141.34$193.07B17.712.25%11.1%50.24%3.94%
MNST logoMNSTMonster Beverage Corporation
$45.72$89.43B41.6910.7%22.66%24.01%—
CELH logoCELHCelsius Holdings, Inc.
$32.16$8.22B27.4985.54%9.41%11.71%0.49%
FIZZ logoFIZZNational Beverage Corp.
$37.14$3.48B19.89-1.73%14.81%32.6%—
KDP logoKDPKeurig Dr Pepper Inc.
$36.63$49.84B30.388.16%7.12%5.8%2.5%

Compare KO vs Peers

The Coca-Cola Company (KO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PEP

Most directly comparable listed peer for KO.

Scale Benchmark

vs MCD

Larger-name benchmark to compare KO against a more recognizable public peer.

Peer Set

Compare Top 5

vs PEP, MNST, CELH, FIZZ

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

KO SEC Filings & Documents

The Coca-Cola Company (KO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 27, 2026·SEC

Material company update

Jul 28, 2026·SEC

Material company update

Jul 16, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 20, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 28, 2026·SEC

FY 2026

Jul 29, 2026·SEC

FY 2026

Apr 30, 2026·SEC

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KO Frequently Asked Questions

The Coca-Cola Company (KO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is The Coca-Cola Company's revenue?

The Coca-Cola Company (KO) reported $51.05B in revenue over the trailing twelve months. Revenue was $47.94B in fiscal year 2025. That is 157% more than the $18.67B of fiscal year 1996.

How fast is The Coca-Cola Company growing?

The Coca-Cola Company (KO) grew revenue by 7.1% over the trailing twelve months, compared with the twelve months before.

Is KO profitable?

Yes. The Coca-Cola Company (KO) earned $14.63B in net income over the trailing twelve months (a 28.7% net margin).

Dividend & Returns
Does KO pay dividends?

Yes. The Coca-Cola Company (KO) pays a dividend that yields 2.13% at the current price, a moderate yield.

What is KO's return on equity?

The Coca-Cola Company (KO) had a return on equity (ROE) of 39.6% over the trailing twelve months. That is well above the market's typical 10-15%.

What is The Coca-Cola Company's free cash flow?

The Coca-Cola Company (KO) generated $14.28B in free cash flow over the trailing twelve months.

What if you invested $1,000 in KO back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →