Coca-Cola Company (The) (KO) stock analysis
Company overview and business model
Source fact: The Coca-Cola Company, a beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally. The company provides Trademark Coca-Cola, sparkling soft drinks and flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and emerging beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers comprising restaurants and convenience stores. The company sells its products under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, caffeine free Diet Coke, Cherry Coke, Fanta, Sprite, Simply, Fanta Orange, Fanta Zero Orange, Fanta Zero Sugar, Fanta Apple, Sprite Zero Sugar, Simply Orange, Simply Apple, Simply Grapefruit, Fresca, Schweppes, Thums Up, Aquarius, Ayataka, BODYARMOR, Ciel, Costa, Crystal, Dasani, Fuze Tea, Georgia, glacéau smartwater, glacéau vitaminwater, Gold Peak, I LOHAS, Powerade, Topo Chico, Core Power, Del Valle, fairlife, innocent, Maaza, Minute Maid, Minute Maid Pulpy, Santa Clara, and dogadan brands. It operates through a network of independent bottling partners, distributors, wholesalers, and retailers, as well as through bottling and distribution operators. The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia.
Classification: NYSE · Consumer Defensive · Beverages - Non-Alcoholic
Revenue and growth
Source fact: Revenue was USD 47.94 billion for the period ending 2025-12-31.
Caverian calculation: Revenue changed +1.9% (FY2025 vs FY2024).
Profitability
Source fact: Net income was USD 13.11 billion in the latest reported period.
Source metric: Reported net margin was 27.3%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 10.27 billion.
Source fact: Total debt was USD 45.49 billion.
Source metric: Current ratio was 1.46x.
Cash-flow analysis
Source fact: Operating cash flow was USD 7.41 billion.
Source fact: Free cash flow was USD 5.30 billion.
Valuation
Source metrics: Trailing P/E 27.19x; Forward P/E 25.83x; Price to book 10.84x; Price to sales 7.82x; EV/EBITDA 24.83x.
Caverian model output: Value score was 40/100.
Competitive position
Classification: Peer context: Beverages - Non-Alcoholic within Consumer Defensive.
Caverian model output: Quality score was 77/100.
Caverian model output: Growth score was 68/100.
Material risks
Caverian calculation: Altman Z-score was 5.53 (safe zone).
Caverian calculation: Piotroski F-score was 7/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles