Coca-Cola Consolidated, Inc. (COKE) 10-Year Financial Performance & Capital Metrics

COKE •

Consumer DefensiveNon-Alcoholic BeveragesBottlers and Beverage Distribution

AboutCoca-Cola Consolidated, Inc., together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, such as carbonated beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks. It also sells its products to other Coca-Cola bottlers; and post-mix products that are dispensed through equipment, which mixes the fountain syrup with carbonated or still water enabling fountain retailers to sell finished products to consumers in cups or glasses. In addition, the company distributes products for various other beverage brands that include Dr Pepper and Monster Energy. It sells and distributes its products directly to grocery stores, mass merchandise stores, club stores, convenience stores, and drug stores; and restaurants, schools, amusement parks, and recreational facilities, as well as through vending machine outlets. The company was formerly known as Coca-Cola Bottling Co. Consolidated and changed its name to Coca-Cola Consolidated, Inc. in January 2019. Coca-Cola Consolidated, Inc. was incorporated in 1980 and is headquartered in Charlotte, North Carolina.Show more

Revenue $7.23B +4.8%
EBITDA $951M -14.7%
Net Income $571M -9.9%
EPS (Diluted) 6.81 -2.6%
Gross Margin 39.74% -0.4%
EBITDA Margin 13.15% -18.5%
Operating Margin 13.15% -1.4%
Net Margin 7.89% -14.0%
ROE 168.34% +279.3%
ROIC 35% -5.6%
Debt/Equity -
Interest Coverage 22.28 -95.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 81.6%
✓Strong 5Y profit CAGR of 27.0%
✓Momentum leader: RS Rating 90 (top 10%)
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 7.4% through buybacks
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.1%

5Y7.62%

3Y5.24%

TTM4.22%

Profit (Net Income) CAGR

10Y25.47%

5Y27.03%

3Y9.87%

TTM15.52%

EPS CAGR

10Y26.82%

5Y30.06%

3Y14.22%

TTM26.21%

ROCE

10Y Avg15.46%

5Y Avg24.1%

3Y Avg26.63%

Latest26.5%

Peer Comparison

Bottlers and Beverage Distribution

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PRMBPrimo Brands Corporation	8.41B	22.68	108	29.34%	0.9%	2.01%	3.6%	0.21
COKECoca-Cola Consolidated, Inc.	11.45B	202.40	29.72	4.76%	8.66%	37.43%	5.41%
CCEPCoca-Cola Europacific Partners PLC	49.53B	110.43	22.89	-1.77%	8.13%	40.39%	4.64%	1.35
KOFCoca-Cola FEMSA, S.A.B. de C.V.	23.35B	111.15	16.87	4.27%	8.15%	15.48%		0.54
AKO-AEmbotelladora Andina S.A.	1.92B	24.30	14.38	23.14%	8.09%	23.29%	3.93%	1.10

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	3.16B	4.32B	4.63B	4.83B	5.01B	5.56B	6.2B	6.65B	6.9B	7.23B
Revenue Growth %	36.85%	36.98%	6.98%	4.35%	3.75%	11.09%	11.47%	7.3%	3.69%	4.76%
Cost of Goods Sold+	1.94B	2.78B	3.07B	3.16B	3.24B	3.61B	3.92B	4.06B	4.15B	4.36B
COGS % of Revenue	61.48%	64.36%	66.37%	65.39%	64.67%	64.87%	63.26%	60.94%	60.1%	60.26%
Gross Profit+	1.19B	1.5B	1.56B	1.67B	1.77B	1.95B	2.28B	2.6B	2.75B	2.87B
Gross Margin %	37.68%	34.81%	33.63%	34.61%	35.33%	35.13%	36.74%	39.06%	39.9%	39.74%
Gross Profit Growth %	32.01%	26.52%	3.38%	7.38%	5.89%	10.47%	16.57%	14.08%	5.94%	4.33%
Operating Expenses+	1.06B	1.4B	1.5B	1.49B	1.46B	1.52B	1.64B	1.76B	1.83B	1.92B
OpEx % of Revenue	33.53%	32.46%	32.38%	30.87%	29.07%	27.24%	26.4%	26.51%	26.56%	26.59%
Selling, General & Admin	1.06B	1.4B	1.5B	1.49B	1.46B	1.52B	1.64B	1.76B	1.83B	1.92B
SG&A % of Revenue	33.53%	32.46%	32.38%	30.87%	29.07%	27.24%	26.4%	26.51%	26.56%	26.59%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	131.2M	101.55M	57.9M	180.75M	313.38M	439.17M	641.05M	834.45M	920.35M	950.66M
Operating Margin %	4.16%	2.35%	1.25%	3.74%	6.26%	7.89%	10.34%	12.54%	13.34%	13.15%
Operating Income Growth %	33.68%	-22.6%	-42.98%	212.17%	73.37%	40.14%	45.97%	30.17%	10.29%	3.29%
EBITDA+	247.82M	270.39M	245.16M	360.67M	492.39M	619.74M	812.64M	1.01B	1.11B	950.66M
EBITDA Margin %	7.85%	6.25%	5.3%	7.47%	9.83%	11.14%	13.11%	15.2%	16.15%	13.15%
EBITDA Growth %	38.42%	9.11%	-9.33%	47.12%	36.52%	25.86%	31.13%	24.46%	10.16%	-14.67%
D&A (Non-Cash Add-back)	116.62M	168.84M	187.26M	179.92M	179.02M	180.56M	171.59M	176.97M	193.79M	0
EBIT	129.04M	104.88M	37.22M	80.22M	277.77M	288.6M	599.88M	834.45M	858.5M	0
Net Interest Income+	-36.33M	-41.87M	-50.51M	-45.99M	-36.73M	-33.45M	-24.79M	918K	-1.85M	0
Interest Income	0	0	0	0	0	0	0	918K	0	0
Interest Expense	36.33M	41.87M	50.51M	45.99M	36.73M	33.45M	24.79M	0	1.85M	42.68M
Other Income/Expense	-38.49M	-38.54M	-71.19M	-146.53M	-72.34M	-184.02M	-65.96M	-276.97M	-63.7M	-177.74M
Pretax Income+	92.71M	63.01M	-13.29M	34.23M	241.04M	255.15M	575.09M	557.48M	856.65M	772.92M
Pretax Margin %	2.94%	1.46%	-0.29%	0.71%	4.81%	4.59%	9.27%	8.38%	12.42%	10.69%
Income Tax+	36.05M	-39.84M	1.87M	15.66M	58.94M	65.57M	144.93M	149.11M	223.53M	202.34M
Effective Tax Rate %	54.09%	153.22%	150%	54.23%	71.56%	74.3%	74.8%	73.25%	73.91%	73.82%
Net Income+	50.15M	96.53M	-19.93M	18.56M	172.49M	189.58M	430.16M	408.38M	633.13M	570.58M
Net Margin %	1.59%	2.23%	-0.43%	0.38%	3.44%	3.41%	6.94%	6.14%	9.18%	7.89%
Net Income Growth %	-15.01%	92.51%	-120.65%	193.13%	829.38%	9.91%	126.9%	-5.06%	55.04%	-9.88%
Net Income (Continuing)	56.66M	102.85M	-15.16M	18.56M	182.1M	189.58M	430.16M	408.38M	633.13M	570.58M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	85.89M	92.2M	96.98M	104.16M	0	0	0	0	0	0
EPS (Diluted)+	0.54	1.03	-0.21	0.20	1.83	2.02	4.57	4.35	6.99	6.81
EPS Growth %	-15.32%	92.16%	-120.68%	193.9%	815%	10.38%	126.24%	-4.81%	60.69%	-2.58%
EPS (Basic)	0.54	1.04	-0.21	0.20	1.84	2.02	4.59	4.36	7.01	7.75
Diluted Shares Outstanding	93.49M	115.97M	93.5M	94.17M	94.27M	94M	94.05M	93.92M	90.53M	83.81M
Basic Shares Outstanding	93.09M	93.29M	93.5M	93.7M	93.73M	93.73M	93.74M	93.74M	90.4M	73.66M
Dividend Payout Ratio	18.56%	9.66%	-	50.48%	5.43%	4.94%	2.18%	11.48%	29.32%	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	593.81M	794.54M	797.42M	830.28M	851.24M	1.08B	1.25B	1.71B	2.55B	1.43B
Cash & Short-Term Investments	21.85M	16.9M	13.55M	9.61M	54.79M	142.31M	197.65M	635.27M	1.44B	281.92M
Cash Only	21.85M	16.9M	13.55M	9.61M	54.79M	142.31M	197.65M	635.27M	1.14B	281.92M
Short-Term Investments	0	0	0	0	0	0	0	0	301.21M	0
Accounts Receivable	296.98M	529.3M	509.79M	529.63M	490.11M	546.55M	606.35M	659.34M	683.54M	585.78M
Days Sales Outstanding	34.34	44.68	40.23	40.05	35.73	35.86	35.69	36.17	36.16	29.58
Inventory	143.55M	183.62M	210.03M	225.93M	225.76M	302.85M	347.55M	321.93M	330.39M	336.4M
Days Inventory Outstanding	27	24.08	24.97	26.13	25.44	30.63	32.34	28.98	29.08	28.19
Other Current Assets	35.4M	52.5M	43.84M	44.9M	60.72M	69.45M	74.73M	65.44M	70.45M	222.58M
Total Non-Current Assets+	1.86B	2.28B	2.21B	2.3B	2.37B	2.37B	2.46B	2.58B	2.77B	2.88B
Property, Plant & Equipment	846.54M	1.06B	1.01B	1.13B	1.23B	1.23B	1.33B	1.45B	1.62B	1.72B
Fixed Asset Turnover	3.73x	4.07x	4.56x	4.28x	4.08x	4.51x	4.66x	4.60x	4.26x	4.20x
Goodwill	144.59M	169.32M	165.9M	165.9M	165.9M	165.9M	165.9M	165.9M	165.9M	165.9M
Intangible Assets	778.46M	931.67M	916.87M	890.74M	866.56M	847.74M	851.2M	824.64M	798.13M	0
Long-Term Investments	0	0	0	0	0	0	0	0	73.7M	0
Other Non-Current Assets	86.09M	116.21M	115.49M	113.27M	111.78M	120.49M	115.89M	145.21M	107.35M	989.21M
Total Assets+	2.45B	3.07B	3.01B	3.13B	3.22B	3.45B	3.71B	4.29B	5.31B	4.3B
Asset Turnover	1.29x	1.41x	1.54x	1.54x	1.55x	1.61x	1.67x	1.55x	1.30x	1.68x
Asset Growth %	32.35%	25.45%	-2.05%	3.89%	3.05%	6.92%	7.66%	15.62%	23.88%	-19.01%
Total Current Liabilities+	457.91M	639.45M	601.74M	622.2M	647.06M	834.86M	905.16M	1.09B	1.31B	1.13B
Accounts Payable	116.82M	197.05M	152.04M	187.48M	217.56M	319.32M	351.73M	383.56M	334.88M	359.11M
Days Payables Outstanding	21.97	25.85	18.08	21.68	24.52	32.3	32.73	34.52	29.48	30.09
Short-Term Debt	19.33M	37.26M	72.7M	20.2M	2.79M	0	0	0	349.7M	124.97M
Deferred Revenue (Current)	0	2.29M	0	0	0	0	0	0	0	0
Other Current Liabilities	65.41M	62.25M	41.51M	102.49M	135.17M	161.64M	158.63M	181.13M	202.14M	1B
Current Ratio	1.30x	1.24x	1.33x	1.33x	1.32x	1.29x	1.38x	1.56x	1.94x	1.26x
Quick Ratio	0.98x	0.96x	0.98x	0.97x	0.97x	0.93x	0.99x	1.27x	1.69x	0.97x
Cash Conversion Cycle	39.37	42.92	47.12	44.5	36.65	34.2	35.3	30.62	35.77	27.68
Total Non-Current Liabilities+	1.63B	1.97B	1.95B	2.05B	2.06B	1.9B	1.69B	1.76B	2.58B	3.91B
Long-Term Debt	907.25M	1.09B	1.1B	1.03B	940.47M	723.44M	598.82M	599.16M	1.44B	2.78B
Capital Lease Obligations	41.19M	35.25M	26.63M	115.17M	189.91M	187.05M	126.28M	107.3M	94.71M	0
Deferred Tax Liabilities	174.85M	112.36M	127.17M	125.13M	158.13M	136.43M	150.22M	128.44M	132.94M	143.74M
Other Non-Current Liabilities	505.25M	621.64M	694.82M	783.4M	664.54M	745.7M	710.44M	826.94M	820.95M	988.05M
Total Liabilities	2.09B	2.61B	2.55B	2.68B	2.71B	2.73B	2.59B	2.85B	3.9B	5.04B
Total Debt+	975.3M	1.17B	1.21B	1.19B	1.16B	938.6M	755.04M	735.14M	1.91B	2.91B
Net Debt	953.45M	1.15B	1.2B	1.18B	1.1B	796.29M	557.39M	99.87M	771.17M	2.63B
Debt / Equity	2.69x	2.55x	2.66x	2.64x	2.26x	1.32x	0.68x	0.51x	1.35x	-
Debt / EBITDA	3.94x	4.32x	4.95x	3.30x	2.35x	1.51x	0.93x	0.73x	1.71x	3.06x
Net Debt / EBITDA	3.85x	4.26x	4.89x	3.27x	2.24x	1.28x	0.69x	0.10x	0.69x	2.76x
Interest Coverage	3.61x	2.43x	1.15x	3.93x	8.53x	13.13x	25.86x	-	498.02x	22.28x
Total Equity+	363.02M	458.91M	455.17M	451.12M	512.99M	711.79M	1.12B	1.44B	1.42B	-739.72M
Equity Growth %	12.59%	26.41%	-0.82%	-0.89%	13.72%	38.75%	56.7%	28.71%	-1.25%	-152.18%
Book Value per Share	3.88	3.96	4.87	4.79	5.44	7.57	11.86	15.29	15.66	-8.83
Total Shareholders' Equity	277.13M	366.7M	358.19M	346.95M	512.99M	711.79M	1.12B	1.44B	1.42B	-739.72M
Common Stock	13M	13.02M	13.04M	13.06M	13.06M	13.06M	13.06M	13.06M	12.47M	66.56M
Retained Earnings	301.51M	388.72M	359.44M	381.16M	544.28M	724.49M	1.11B	1.35B	1.4B	-824.05M
Treasury Stock	-61.25M	-61.25M	-61.25M	-61.25M	-61.25M	-61.25M	-61.25M	-61.25M	-127.88M	0
Accumulated OCI	-92.9M	-94.2M	-77.27M	-115M	-119.05M	-100.46M	-84.84M	-4.28M	1.89M	-6M
Minority Interest	85.89M	92.2M	96.98M	104.16M	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	162M	307.82M	168.88M	290.37M	494.46M	521.75M	554.51M	810.69M	876.36M	931.9M
Operating CF Margin %	5.13%	7.12%	3.65%	6.02%	9.87%	9.38%	8.94%	12.18%	12.7%	12.89%
Operating CF Growth %	49.59%	90.02%	-45.14%	71.94%	70.29%	5.52%	6.28%	46.2%	8.1%	6.34%
Net Income	56.66M	102.85M	-15.16M	18.56M	172.49M	189.58M	430.16M	408.38M	633.13M	570.58M
Depreciation & Amortization	116.62M	168.84M	187.26M	179.92M	179.02M	180.56M	171.59M	176.97M	193.79M	218.53M
Stock-Based Compensation	7.15M	7.92M	5.61M	2.04M	9.2M	9.8M	10.1M	0	0	0
Deferred Taxes	42.94M	-58.11M	9.37M	3.99M	46.15M	-27.92M	-9.76M	-49.02M	2.53M	13.7M
Other Non-Cash Items	3.94M	105.07M	28.97M	109.55M	8.47M	146.86M	28.86M	280.32M	59.5M	129.09M
Working Capital Changes	-65.32M	-18.76M	-47.16M	-23.68M	79.13M	22.87M	-76.44M	-5.95M	-12.59M	0
Change in Receivables	-88.93M	-130.39M	-30.87M	-4.62M	35.16M	-43.62M	-58.58M	-53M	-24.15M	0
Change in Inventory	-8.3M	2.53M	-26.41M	-15.89M	169K	-77.09M	-44.69M	25.61M	-8.46M	0
Change in Payables	32.19M	73.6M	-36.35M	28.81M	29.86M	84.96M	40.53M	-6.19M	11.28M	0
Cash from Investing+	-452.03M	-458.89M	-143.94M	-173.68M	-200.42M	-161.94M	-324.99M	-295.35M	-682.2M	-19.02M
Capital Expenditures	-172.59M	-176.6M	-138.24M	-171.37M	-202.03M	-155.69M	-329.26M	-282.3M	-371.01M	-312.31M
CapEx % of Revenue	5.47%	4.08%	2.99%	3.55%	4.03%	2.8%	5.31%	4.24%	5.38%	4.32%
Acquisitions	-272.64M	-272.26M	-1.64M	4.06M	-1.77M	-2.53M	-3.09M	-13.74M	-15.72M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-6.8M	-10.04M	-1.97M	-2.3M	3.38M	-3.72M	7.37M	695K	569K	-13.01M
Cash from Financing+	256.38M	146.13M	-28.29M	-120.63M	-248.86M	-272.29M	-174.19M	-77.72M	306.4M	-1.77B
Debt Issued (Net)	280.18M	172.51M	7.28M	-83.66M	-95.86M	-222.28M	-127.99M	-2.3M	1.2B	0
Equity Issued (Net)	0	0	0	0	0	0	0	0	-1000K	0
Dividends Paid	-9.31M	-9.33M	-9.35M	-9.37M	-9.37M	-9.37M	-9.37M	-46.87M	-185.63M	-86.67M
Share Repurchases	706.27M	0	0	0	0	0	0	0	-625.65M	0
Other Financing	-14.49M	-17.06M	-26.21M	-27.6M	-143.63M	-40.64M	-36.83M	-28.55M	-79.82M	-1.68B
Net Change in Cash	-33.65M	-4.95M	-3.35M	-3.93M	45.18M	87.52M	55.33M	437.62M	500.56M	-853.91M
Free Cash Flow+	-10.59M	131.22M	30.64M	119M	292.43M	366.06M	225.25M	528.39M	505.34M	619.59M
FCF Margin %	-0.34%	3.03%	0.66%	2.47%	5.84%	6.58%	3.63%	7.94%	7.32%	8.57%
FCF Growth %	80.95%	1338.93%	-76.65%	288.32%	145.75%	25.18%	-38.47%	134.58%	-4.36%	22.61%
FCF per Share	-0.11	1.13	0.33	1.26	3.10	3.89	2.39	5.63	5.58	7.39
FCF Conversion (FCF/Net Income)	3.23x	3.19x	-8.47x	15.64x	2.87x	2.75x	1.29x	1.99x	1.38x	1.63x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	70.99M	140.99M	200.81M	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	14.63%	23.49%	-4.36%	4.1%	35.78%	30.96%	47.08%	32.02%	44.38%	168.34%
Return on Invested Capital (ROIC)	8.68%	5.2%	2.66%	8.25%	14.47%	21.08%	30.23%	39.01%	37.07%	35%
Gross Margin	37.68%	34.81%	33.63%	34.61%	35.33%	35.13%	36.74%	39.06%	39.9%	39.74%
Net Margin	1.59%	2.23%	-0.43%	0.38%	3.44%	3.41%	6.94%	6.14%	9.18%	7.89%
Debt / Equity	2.69x	2.55x	2.66x	2.64x	2.26x	1.32x	0.68x	0.51x	1.35x	-
Interest Coverage	3.61x	2.43x	1.15x	3.93x	8.53x	13.13x	25.86x	-	498.02x	22.28x
FCF Conversion	3.23x	3.19x	-8.47x	15.64x	2.87x	2.75x	1.29x	1.99x	1.38x	1.63x
Revenue Growth	36.85%	36.98%	6.98%	4.35%	3.75%	11.09%	11.47%	7.3%	3.69%	4.76%

US Stock Screener

...

Coca-Cola Consolidated, Inc. (COKE) 10-Year Financial Performance & Capital Metrics

COKE •

Consumer DefensiveNon-Alcoholic BeveragesBottlers and Beverage Distribution

Revenue $7.23B +4.8%
EBITDA $951M -14.7%
Net Income $571M -9.9%
EPS (Diluted) 6.81 -2.6%
Gross Margin 39.74% -0.4%
EBITDA Margin 13.15% -18.5%
Operating Margin 13.15% -1.4%
Net Margin 7.89% -14.0%
ROE 168.34% +279.3%
ROIC 35% -5.6%
Debt/Equity -
Interest Coverage 22.28 -95.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 81.6%
✓Strong 5Y profit CAGR of 27.0%
✓Momentum leader: RS Rating 90 (top 10%)
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 7.4% through buybacks
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y12.1%

5Y7.62%

3Y5.24%

TTM4.22%

Profit (Net Income) CAGR

10Y25.47%

5Y27.03%

3Y9.87%

TTM15.52%

EPS CAGR

10Y26.82%

5Y30.06%

3Y14.22%

TTM26.21%

ROCE

10Y Avg15.46%

5Y Avg24.1%

3Y Avg26.63%

Latest26.5%

Peer Comparison

Bottlers and Beverage Distribution

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PRMBPrimo Brands Corporation	8.41B	22.68	108	29.34%	0.9%	2.01%	3.6%	0.21
COKECoca-Cola Consolidated, Inc.	11.45B	202.40	29.72	4.76%	8.66%	37.43%	5.41%
CCEPCoca-Cola Europacific Partners PLC	49.53B	110.43	22.89	-1.77%	8.13%	40.39%	4.64%	1.35
KOFCoca-Cola FEMSA, S.A.B. de C.V.	23.35B	111.15	16.87	4.27%	8.15%	15.48%		0.54
AKO-AEmbotelladora Andina S.A.	1.92B	24.30	14.38	23.14%	8.09%	23.29%	3.93%	1.10

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	3.16B	4.32B	4.63B	4.83B	5.01B	5.56B	6.2B	6.65B	6.9B	7.23B
Revenue Growth %	36.85%	36.98%	6.98%	4.35%	3.75%	11.09%	11.47%	7.3%	3.69%	4.76%
Cost of Goods Sold+	1.94B	2.78B	3.07B	3.16B	3.24B	3.61B	3.92B	4.06B	4.15B	4.36B
COGS % of Revenue	61.48%	64.36%	66.37%	65.39%	64.67%	64.87%	63.26%	60.94%	60.1%	60.26%
Gross Profit+	1.19B	1.5B	1.56B	1.67B	1.77B	1.95B	2.28B	2.6B	2.75B	2.87B
Gross Margin %	37.68%	34.81%	33.63%	34.61%	35.33%	35.13%	36.74%	39.06%	39.9%	39.74%
Gross Profit Growth %	32.01%	26.52%	3.38%	7.38%	5.89%	10.47%	16.57%	14.08%	5.94%	4.33%
Operating Expenses+	1.06B	1.4B	1.5B	1.49B	1.46B	1.52B	1.64B	1.76B	1.83B	1.92B
OpEx % of Revenue	33.53%	32.46%	32.38%	30.87%	29.07%	27.24%	26.4%	26.51%	26.56%	26.59%
Selling, General & Admin	1.06B	1.4B	1.5B	1.49B	1.46B	1.52B	1.64B	1.76B	1.83B	1.92B
SG&A % of Revenue	33.53%	32.46%	32.38%	30.87%	29.07%	27.24%	26.4%	26.51%	26.56%	26.59%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	131.2M	101.55M	57.9M	180.75M	313.38M	439.17M	641.05M	834.45M	920.35M	950.66M
Operating Margin %	4.16%	2.35%	1.25%	3.74%	6.26%	7.89%	10.34%	12.54%	13.34%	13.15%
Operating Income Growth %	33.68%	-22.6%	-42.98%	212.17%	73.37%	40.14%	45.97%	30.17%	10.29%	3.29%
EBITDA+	247.82M	270.39M	245.16M	360.67M	492.39M	619.74M	812.64M	1.01B	1.11B	950.66M
EBITDA Margin %	7.85%	6.25%	5.3%	7.47%	9.83%	11.14%	13.11%	15.2%	16.15%	13.15%
EBITDA Growth %	38.42%	9.11%	-9.33%	47.12%	36.52%	25.86%	31.13%	24.46%	10.16%	-14.67%
D&A (Non-Cash Add-back)	116.62M	168.84M	187.26M	179.92M	179.02M	180.56M	171.59M	176.97M	193.79M	0
EBIT	129.04M	104.88M	37.22M	80.22M	277.77M	288.6M	599.88M	834.45M	858.5M	0
Net Interest Income+	-36.33M	-41.87M	-50.51M	-45.99M	-36.73M	-33.45M	-24.79M	918K	-1.85M	0
Interest Income	0	0	0	0	0	0	0	918K	0	0
Interest Expense	36.33M	41.87M	50.51M	45.99M	36.73M	33.45M	24.79M	0	1.85M	42.68M
Other Income/Expense	-38.49M	-38.54M	-71.19M	-146.53M	-72.34M	-184.02M	-65.96M	-276.97M	-63.7M	-177.74M
Pretax Income+	92.71M	63.01M	-13.29M	34.23M	241.04M	255.15M	575.09M	557.48M	856.65M	772.92M
Pretax Margin %	2.94%	1.46%	-0.29%	0.71%	4.81%	4.59%	9.27%	8.38%	12.42%	10.69%
Income Tax+	36.05M	-39.84M	1.87M	15.66M	58.94M	65.57M	144.93M	149.11M	223.53M	202.34M
Effective Tax Rate %	54.09%	153.22%	150%	54.23%	71.56%	74.3%	74.8%	73.25%	73.91%	73.82%
Net Income+	50.15M	96.53M	-19.93M	18.56M	172.49M	189.58M	430.16M	408.38M	633.13M	570.58M
Net Margin %	1.59%	2.23%	-0.43%	0.38%	3.44%	3.41%	6.94%	6.14%	9.18%	7.89%
Net Income Growth %	-15.01%	92.51%	-120.65%	193.13%	829.38%	9.91%	126.9%	-5.06%	55.04%	-9.88%
Net Income (Continuing)	56.66M	102.85M	-15.16M	18.56M	182.1M	189.58M	430.16M	408.38M	633.13M	570.58M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	85.89M	92.2M	96.98M	104.16M	0	0	0	0	0	0
EPS (Diluted)+	0.54	1.03	-0.21	0.20	1.83	2.02	4.57	4.35	6.99	6.81
EPS Growth %	-15.32%	92.16%	-120.68%	193.9%	815%	10.38%	126.24%	-4.81%	60.69%	-2.58%
EPS (Basic)	0.54	1.04	-0.21	0.20	1.84	2.02	4.59	4.36	7.01	7.75
Diluted Shares Outstanding	93.49M	115.97M	93.5M	94.17M	94.27M	94M	94.05M	93.92M	90.53M	83.81M
Basic Shares Outstanding	93.09M	93.29M	93.5M	93.7M	93.73M	93.73M	93.74M	93.74M	90.4M	73.66M
Dividend Payout Ratio	18.56%	9.66%	-	50.48%	5.43%	4.94%	2.18%	11.48%	29.32%	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	593.81M	794.54M	797.42M	830.28M	851.24M	1.08B	1.25B	1.71B	2.55B	1.43B
Cash & Short-Term Investments	21.85M	16.9M	13.55M	9.61M	54.79M	142.31M	197.65M	635.27M	1.44B	281.92M
Cash Only	21.85M	16.9M	13.55M	9.61M	54.79M	142.31M	197.65M	635.27M	1.14B	281.92M
Short-Term Investments	0	0	0	0	0	0	0	0	301.21M	0
Accounts Receivable	296.98M	529.3M	509.79M	529.63M	490.11M	546.55M	606.35M	659.34M	683.54M	585.78M
Days Sales Outstanding	34.34	44.68	40.23	40.05	35.73	35.86	35.69	36.17	36.16	29.58
Inventory	143.55M	183.62M	210.03M	225.93M	225.76M	302.85M	347.55M	321.93M	330.39M	336.4M
Days Inventory Outstanding	27	24.08	24.97	26.13	25.44	30.63	32.34	28.98	29.08	28.19
Other Current Assets	35.4M	52.5M	43.84M	44.9M	60.72M	69.45M	74.73M	65.44M	70.45M	222.58M
Total Non-Current Assets+	1.86B	2.28B	2.21B	2.3B	2.37B	2.37B	2.46B	2.58B	2.77B	2.88B
Property, Plant & Equipment	846.54M	1.06B	1.01B	1.13B	1.23B	1.23B	1.33B	1.45B	1.62B	1.72B
Fixed Asset Turnover	3.73x	4.07x	4.56x	4.28x	4.08x	4.51x	4.66x	4.60x	4.26x	4.20x
Goodwill	144.59M	169.32M	165.9M	165.9M	165.9M	165.9M	165.9M	165.9M	165.9M	165.9M
Intangible Assets	778.46M	931.67M	916.87M	890.74M	866.56M	847.74M	851.2M	824.64M	798.13M	0
Long-Term Investments	0	0	0	0	0	0	0	0	73.7M	0
Other Non-Current Assets	86.09M	116.21M	115.49M	113.27M	111.78M	120.49M	115.89M	145.21M	107.35M	989.21M
Total Assets+	2.45B	3.07B	3.01B	3.13B	3.22B	3.45B	3.71B	4.29B	5.31B	4.3B
Asset Turnover	1.29x	1.41x	1.54x	1.54x	1.55x	1.61x	1.67x	1.55x	1.30x	1.68x
Asset Growth %	32.35%	25.45%	-2.05%	3.89%	3.05%	6.92%	7.66%	15.62%	23.88%	-19.01%
Total Current Liabilities+	457.91M	639.45M	601.74M	622.2M	647.06M	834.86M	905.16M	1.09B	1.31B	1.13B
Accounts Payable	116.82M	197.05M	152.04M	187.48M	217.56M	319.32M	351.73M	383.56M	334.88M	359.11M
Days Payables Outstanding	21.97	25.85	18.08	21.68	24.52	32.3	32.73	34.52	29.48	30.09
Short-Term Debt	19.33M	37.26M	72.7M	20.2M	2.79M	0	0	0	349.7M	124.97M
Deferred Revenue (Current)	0	2.29M	0	0	0	0	0	0	0	0
Other Current Liabilities	65.41M	62.25M	41.51M	102.49M	135.17M	161.64M	158.63M	181.13M	202.14M	1B
Current Ratio	1.30x	1.24x	1.33x	1.33x	1.32x	1.29x	1.38x	1.56x	1.94x	1.26x
Quick Ratio	0.98x	0.96x	0.98x	0.97x	0.97x	0.93x	0.99x	1.27x	1.69x	0.97x
Cash Conversion Cycle	39.37	42.92	47.12	44.5	36.65	34.2	35.3	30.62	35.77	27.68
Total Non-Current Liabilities+	1.63B	1.97B	1.95B	2.05B	2.06B	1.9B	1.69B	1.76B	2.58B	3.91B
Long-Term Debt	907.25M	1.09B	1.1B	1.03B	940.47M	723.44M	598.82M	599.16M	1.44B	2.78B
Capital Lease Obligations	41.19M	35.25M	26.63M	115.17M	189.91M	187.05M	126.28M	107.3M	94.71M	0
Deferred Tax Liabilities	174.85M	112.36M	127.17M	125.13M	158.13M	136.43M	150.22M	128.44M	132.94M	143.74M
Other Non-Current Liabilities	505.25M	621.64M	694.82M	783.4M	664.54M	745.7M	710.44M	826.94M	820.95M	988.05M
Total Liabilities	2.09B	2.61B	2.55B	2.68B	2.71B	2.73B	2.59B	2.85B	3.9B	5.04B
Total Debt+	975.3M	1.17B	1.21B	1.19B	1.16B	938.6M	755.04M	735.14M	1.91B	2.91B
Net Debt	953.45M	1.15B	1.2B	1.18B	1.1B	796.29M	557.39M	99.87M	771.17M	2.63B
Debt / Equity	2.69x	2.55x	2.66x	2.64x	2.26x	1.32x	0.68x	0.51x	1.35x	-
Debt / EBITDA	3.94x	4.32x	4.95x	3.30x	2.35x	1.51x	0.93x	0.73x	1.71x	3.06x
Net Debt / EBITDA	3.85x	4.26x	4.89x	3.27x	2.24x	1.28x	0.69x	0.10x	0.69x	2.76x
Interest Coverage	3.61x	2.43x	1.15x	3.93x	8.53x	13.13x	25.86x	-	498.02x	22.28x
Total Equity+	363.02M	458.91M	455.17M	451.12M	512.99M	711.79M	1.12B	1.44B	1.42B	-739.72M
Equity Growth %	12.59%	26.41%	-0.82%	-0.89%	13.72%	38.75%	56.7%	28.71%	-1.25%	-152.18%
Book Value per Share	3.88	3.96	4.87	4.79	5.44	7.57	11.86	15.29	15.66	-8.83
Total Shareholders' Equity	277.13M	366.7M	358.19M	346.95M	512.99M	711.79M	1.12B	1.44B	1.42B	-739.72M
Common Stock	13M	13.02M	13.04M	13.06M	13.06M	13.06M	13.06M	13.06M	12.47M	66.56M
Retained Earnings	301.51M	388.72M	359.44M	381.16M	544.28M	724.49M	1.11B	1.35B	1.4B	-824.05M
Treasury Stock	-61.25M	-61.25M	-61.25M	-61.25M	-61.25M	-61.25M	-61.25M	-61.25M	-127.88M	0
Accumulated OCI	-92.9M	-94.2M	-77.27M	-115M	-119.05M	-100.46M	-84.84M	-4.28M	1.89M	-6M
Minority Interest	85.89M	92.2M	96.98M	104.16M	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	162M	307.82M	168.88M	290.37M	494.46M	521.75M	554.51M	810.69M	876.36M	931.9M
Operating CF Margin %	5.13%	7.12%	3.65%	6.02%	9.87%	9.38%	8.94%	12.18%	12.7%	12.89%
Operating CF Growth %	49.59%	90.02%	-45.14%	71.94%	70.29%	5.52%	6.28%	46.2%	8.1%	6.34%
Net Income	56.66M	102.85M	-15.16M	18.56M	172.49M	189.58M	430.16M	408.38M	633.13M	570.58M
Depreciation & Amortization	116.62M	168.84M	187.26M	179.92M	179.02M	180.56M	171.59M	176.97M	193.79M	218.53M
Stock-Based Compensation	7.15M	7.92M	5.61M	2.04M	9.2M	9.8M	10.1M	0	0	0
Deferred Taxes	42.94M	-58.11M	9.37M	3.99M	46.15M	-27.92M	-9.76M	-49.02M	2.53M	13.7M
Other Non-Cash Items	3.94M	105.07M	28.97M	109.55M	8.47M	146.86M	28.86M	280.32M	59.5M	129.09M
Working Capital Changes	-65.32M	-18.76M	-47.16M	-23.68M	79.13M	22.87M	-76.44M	-5.95M	-12.59M	0
Change in Receivables	-88.93M	-130.39M	-30.87M	-4.62M	35.16M	-43.62M	-58.58M	-53M	-24.15M	0
Change in Inventory	-8.3M	2.53M	-26.41M	-15.89M	169K	-77.09M	-44.69M	25.61M	-8.46M	0
Change in Payables	32.19M	73.6M	-36.35M	28.81M	29.86M	84.96M	40.53M	-6.19M	11.28M	0
Cash from Investing+	-452.03M	-458.89M	-143.94M	-173.68M	-200.42M	-161.94M	-324.99M	-295.35M	-682.2M	-19.02M
Capital Expenditures	-172.59M	-176.6M	-138.24M	-171.37M	-202.03M	-155.69M	-329.26M	-282.3M	-371.01M	-312.31M
CapEx % of Revenue	5.47%	4.08%	2.99%	3.55%	4.03%	2.8%	5.31%	4.24%	5.38%	4.32%
Acquisitions	-272.64M	-272.26M	-1.64M	4.06M	-1.77M	-2.53M	-3.09M	-13.74M	-15.72M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-6.8M	-10.04M	-1.97M	-2.3M	3.38M	-3.72M	7.37M	695K	569K	-13.01M
Cash from Financing+	256.38M	146.13M	-28.29M	-120.63M	-248.86M	-272.29M	-174.19M	-77.72M	306.4M	-1.77B
Debt Issued (Net)	280.18M	172.51M	7.28M	-83.66M	-95.86M	-222.28M	-127.99M	-2.3M	1.2B	0
Equity Issued (Net)	0	0	0	0	0	0	0	0	-1000K	0
Dividends Paid	-9.31M	-9.33M	-9.35M	-9.37M	-9.37M	-9.37M	-9.37M	-46.87M	-185.63M	-86.67M
Share Repurchases	706.27M	0	0	0	0	0	0	0	-625.65M	0
Other Financing	-14.49M	-17.06M	-26.21M	-27.6M	-143.63M	-40.64M	-36.83M	-28.55M	-79.82M	-1.68B
Net Change in Cash	-33.65M	-4.95M	-3.35M	-3.93M	45.18M	87.52M	55.33M	437.62M	500.56M	-853.91M
Free Cash Flow+	-10.59M	131.22M	30.64M	119M	292.43M	366.06M	225.25M	528.39M	505.34M	619.59M
FCF Margin %	-0.34%	3.03%	0.66%	2.47%	5.84%	6.58%	3.63%	7.94%	7.32%	8.57%
FCF Growth %	80.95%	1338.93%	-76.65%	288.32%	145.75%	25.18%	-38.47%	134.58%	-4.36%	22.61%
FCF per Share	-0.11	1.13	0.33	1.26	3.10	3.89	2.39	5.63	5.58	7.39
FCF Conversion (FCF/Net Income)	3.23x	3.19x	-8.47x	15.64x	2.87x	2.75x	1.29x	1.99x	1.38x	1.63x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	70.99M	140.99M	200.81M	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	14.63%	23.49%	-4.36%	4.1%	35.78%	30.96%	47.08%	32.02%	44.38%	168.34%
Return on Invested Capital (ROIC)	8.68%	5.2%	2.66%	8.25%	14.47%	21.08%	30.23%	39.01%	37.07%	35%
Gross Margin	37.68%	34.81%	33.63%	34.61%	35.33%	35.13%	36.74%	39.06%	39.9%	39.74%
Net Margin	1.59%	2.23%	-0.43%	0.38%	3.44%	3.41%	6.94%	6.14%	9.18%	7.89%
Debt / Equity	2.69x	2.55x	2.66x	2.64x	2.26x	1.32x	0.68x	0.51x	1.35x	-
Interest Coverage	3.61x	2.43x	1.15x	3.93x	8.53x	13.13x	25.86x	-	498.02x	22.28x
FCF Conversion	3.23x	3.19x	-8.47x	15.64x	2.87x	2.75x	1.29x	1.99x	1.38x	1.63x
Revenue Growth	36.85%	36.98%	6.98%	4.35%	3.75%	11.09%	11.47%	7.3%	3.69%	4.76%

Coca-Cola Consolidated, Inc. (COKE) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare COKE vs Peers

vs CCEP

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Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Coca-Cola Consolidated, Inc. (COKE) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare COKE vs Peers

vs CCEP

vs KOF

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios