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Coca-cola Consolidated, Inc. key statistics and ratios

In fiscal 2025, Coca-cola Consolidated, Inc. had return on equity of 168.3%, an operating margin of 13.2% and a current ratio of 1.26. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Jan 20102010Jan 20112011Jan 20122012Dec 20122013Dec 20132014Dec 20142015Jan 20162016Jan 20172017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJul 2026
Gross margin43.0%42.3%40.3%40.5%40.1%40.4%39.1%38.0%35.1%33.6%34.6%35.3%35.1%36.7%39.1%39.9%39.7%39.1%
Operating margin6.5%6.4%5.6%5.5%4.5%4.9%4.3%4.2%2.4%1.3%3.7%6.3%7.9%10.3%12.5%13.3%13.2%13.0%
Net margin2.6%2.4%1.8%1.7%1.7%1.8%2.6%1.6%2.3%−0.4%0.2%3.4%3.4%6.9%6.1%9.2%7.9%7.2%
Free-cash-flow margin2.5%3.4%3.6%1.9%2.1%0.4%−2.4%−0.3%3.1%0.7%2.5%5.8%6.6%4.1%7.9%7.3%8.6%8.4%
Return on equity22.8%24.4%22.2%20.6%16.9%16.7%27.7%19.3%30.0%−5.5%3.2%40.1%31.0%47.1%32.0%44.4%168.3%—
Return on assets—2.8%2.1%2.1%2.2%2.3%3.6%2.3%3.5%−0.7%0.4%5.4%5.7%12.0%10.2%13.2%11.9%12.6%
Asset turnover—1.161.171.221.281.291.411.461.551.521.571.581.671.731.661.441.501.76
Current ratio—1.501.061.121.151.261.331.301.241.331.331.321.291.381.561.941.261.21
Debt to equity0.0%409.0%404.1%364.5%242.3%274.4%254.9%327.4%296.7%308.3%296.8%183.7%101.6%53.7%41.7%127.0%——
Interest cover (operating income ÷ interest)2.5x2.7x2.4x2.5x2.5x2.9x3.4x3.6x2.4x1.1x3.9x8.5x13.1x25.9x————
Effective tax rate29.0%35.4%37.9%41.0%27.4%35.1%34.4%38.9%——45.8%24.5%25.7%25.2%26.7%26.1%26.2%26.4%
SG&A as % of revenue36.4%36.0%34.7%35.0%35.6%35.5%34.8%33.8%32.7%32.4%30.9%29.1%27.2%26.4%26.5%26.6%26.6%26.1%
Capital spending as % of revenue3.0%3.8%3.4%3.3%3.7%4.8%7.1%5.5%4.1%3.0%3.6%4.0%2.8%4.8%4.2%5.4%4.3%3.9%
Free cash flow ÷ net income94.8%144.1%197.5%109.9%126.3%24.0%−94.2%−21.1%135.9%—>999%169.5%193.1%59.5%129.4%79.8%108.6%117.1%
Dividends ÷ net income24.0%25.5%32.2%33.9%33.4%29.6%15.7%18.6%9.7%—82.4%5.4%4.9%2.2%11.5%29.3%15.2%13.9%
Dividends and buybacks ÷ free cash flow25.3%17.7%16.3%30.8%26.5%122.9%——7.1%30.5%7.9%3.2%2.6%3.7%8.9%160.5%434.6%11.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 4 checks passed · July 3, 2026
What it owns · $4.4bn
Short-term assets $1.5bnLonger-term assets $2.9bn
What it owes, and who funded it · $4.9bn
Short-term liabilities $1.3bnLonger-term liabilities $3.7bnShareholders' equity $-500m
  • Short-term assets cover short-term liabilities $1.5bn of assets due within a year against $1.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.5bn short-term assets against $3.7bn of longer-dated liabilities.
  • More cash than debt $172m of cash against $2.5bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $946m of operating cash flow against $2.5bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Coca-cola Consolidated, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

55 /100

Moderate moat

How hard Coca-cola Consolidated's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Net income has been a median 7.3% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 36.3%, moving by 2.2 percentage points (standard deviation) across 10 years.

  • Durability 3 / 20

    Operating margin has been a median 8.2%; its worst year was 0.8%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 10 of 10 years, at a median 5.6% of revenue.

  • Discipline 16 / 20

    The diluted share count rose 1.2% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: COKE vs MNSTABEV vs COKECELH vs COKE

More: Beverages stocks compared, Consumer Staples sector, rankings of US companies

Figures from Coca-cola Consolidated, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Coca-cola Consolidated, Inc.