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COKECoca-Cola Consolidated, Inc.
$187.49$14.7B
Overview & Tools
OverviewChart Terminal ↗Visualize
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
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COKE logo

Coca-Cola Consolidated, Inc.

COKE
NASDAQ · Non-Alcoholic Beverages
$187.49
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$14.73B
P/E27.5x
52W High$219.65
Volume468.92K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Promotional Tailwinds Mask Structural Leverage and Negative Equity

Coca-Cola Consolidated's near-term outlook is buoyed by promotional catalysts like America250™ and the FIFA World Cup, which drove a sharp 10.6% revenue acceleration in Q2 2026 and demonstrated effective operating leverage. However, this growth trajectory is j...

GrowthAccelerating
ProfitabilityModerate
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

COKE 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

1/12 Beats

EPS beat 1 of last 12 quarters

02

Valuation risk

+32% Peers

P/E is 32% above peer median

03

Market leadership

RS 68 · Avg

Average momentum (RS Rating: 68)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 5
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 accelerated to 10.6% in Q2 2026, driven by promotional events, while gross margin remained stable at 37.9% and operating margin expanded to 13.2%, indicating effective pricing power and scalable overhead.

Analyst Consensus
Hold(1 analysts)
0 Buy1 Hold0 Sell

The Bull Case

Upside Catalysts

Resilient cash flows

The company demonstrates strong cash flow resilience, supported by valuation metrics and consistent financial performance.

Pricing power advantage

Coca-Cola's ability to raise prices effectively offsets softer demand, contributing to revenue growth despite volume declines.

Diverse beverage portfolio

The company offers a wide range of nonalcoholic beverages, including sparkling drinks, water, coffee, tea, and juices, catering to diverse consumer preferences.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
COKE+25.63%
S&P 500 (^GSPC)+12.39%
1-Year Return
COKE+64.32%
S&P 500 (^GSPC)+15.77%
3-Year Return
COKE+192.49%
S&P 500 (^GSPC)+74.28%
5-Year Return
COKE+389.08%
S&P 500 (^GSPC)+68.68%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
27.5x
Forward P/E
N/A
EV/EBITDA100th %ile
14.9x
FCF YieldCash Flow
4.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
27.5x
21.3x
80th· High
EV/EBITDA
14.9x
10.7x
100th· High
Price/FCF
23.6x
20.6x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$80.64-57.0%
Base (Fair)$179.70-6.4%
Bull$329.91+76.0%
$80.64 Bear$179.70 Base$329.91 Bull
Current Market Price: $187.49
Trades at a 4.3% premium to Base DCF ($179.70)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$7.23B+4.8% YoY
Net income
$571M-9.9% YoY
Free cash flow
$625M+23.6% YoY
Operating margin
13.2%-0.2 pts YoY
ROIC (TTM)34.2%
Avg ROIC 5Y-
ROE (TTM)168.3%
Piotroski Score5 / 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 Rate1/12 (50%)
Revenue Beat Rate2/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$2.83
vs —
$2.1B
vs —
Q2 2026
May 6, 2026
$1.79
vs —
$1.8B
vs —
Q1 2026
Feb 18, 2026
$2.11
vs —
$1.9B
vs —
Q4 2025
Oct 29, 2025
$2.06
vs —
$1.9B-0.0%
vs $1.9B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·Sep 12, 2026
Coca-Cola Consolidated, Inc. $COKE Shares Purchased by Amundi

Amundi increased its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ: COKE) by 85.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,813 shares of the company's stock after buying an additional 40,941 shares during the period. Amundi

Defense World·Aug 26, 2026
Biglari Sardar Buys New Position in Coca-Cola Consolidated, Inc. $COKE

Biglari Sardar bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ: COKE) during the undefined quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 110,248 shares of the company's stock, valued at approximately $8,959,855,000. Coca-Cola Consolidated accounts for approximately 14.4% of Biglari

Defense World·Aug 25, 2026
Brandywine Trust Co. Invests $868,000 in Coca-Cola Consolidated, Inc. $COKE

Brandywine Trust Co. bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ: COKE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,682 shares of the company's stock, valued at approximately $868,000. Coca-Cola Consolidated accounts for approximately 0.1%

Defense World·Aug 25, 2026
Aberdeen Wealth Management LLC Invests $1.01 Million in Coca-Cola Consolidated, Inc. $COKE

Aberdeen Wealth Management LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ: COKE) during the undefined quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,384 shares of the company's stock, valued at approximately $1,006,000. Other hedge funds and other institutional

Filtered for Coca-Cola Consolidated, Inc.More Headlines
04

Compare before deciding

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

Peers Comparison

Key metrics vs top competitors for Coca-Cola Consolidated, Inc. (COKE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
COKE logoCOKECoca-Cola Consolidated, Inc.Current
$187.49$14.73B27.534.76%7.89%168.34%0.55%
PEP logoPEPPepsiCo, Inc.
$130.18$177.83B21.702.25%10.82%49.99%—
KO logoKOThe Coca-Cola Company
$88.09$379.01B28.981.87%28.56%40.44%—
FIZZ logoFIZZNational Beverage Corp.
$30.65$2.87B15.64-1.73%14.81%32.6%—
CELH logoCELHCelsius Holdings, Inc.
$29.18$7.46B116.7285.54%3.62%4.36%—
MNST logoMNSTMonster Beverage Corporation
$43.91$85.89B45.2710.7%23.08%24.96%—

Compare COKE vs Peers

Coca-Cola Consolidated, Inc. (COKE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PEP

Most directly comparable listed peer for COKE.

Scale Benchmark

vs KO

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

Peer Set

Compare Top 5

vs PEP, KO, FIZZ, CELH

05

Keep researching

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

COKE SEC Filings & Documents

Coca-Cola Consolidated, Inc. (COKE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

May 13, 2026·SEC

Material company update

May 6, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Oct 29, 2025·SEC

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COKE Frequently Asked Questions

Coca-Cola Consolidated, Inc. (COKE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Coca-Cola Consolidated, Inc.'s revenue?

Coca-Cola Consolidated, Inc. (COKE) reported $7.69B in revenue for fiscal year 2025. This represents a 894% increase from $773.8M in 1996.

How fast is Coca-Cola Consolidated, Inc. growing?

Coca-Cola Consolidated, Inc. (COKE) grew revenue by 4.8% over the past year. Growth has been modest.

Is COKE profitable?

Yes, Coca-Cola Consolidated, Inc. (COKE) is profitable, generating $550.0M in net income for fiscal year 2025 (7.9% net margin).

Dividend & Returns
Does COKE pay dividends?

Yes, Coca-Cola Consolidated, Inc. (COKE) pays a dividend with a yield of 0.55%. This makes it attractive for income-focused investors.

What is COKE's return on equity?

Coca-Cola Consolidated, Inc. (COKE) has a return on equity (ROE) of 168.3%. This is excellent, indicating efficient use of shareholder capital.

What is Coca-Cola Consolidated, Inc.'s free cash flow?

Coca-Cola Consolidated, Inc. (COKE) generated $644.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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

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

See returns →