Concentrate Revenue — Net Operating Revenues
Products & Services · Net Operating RevenuesCoca-Cola Concentrate Revenue — Net Operating Revenues decreased by 41.5% to $4.79B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 26.5%, from $6.52B to $4.79B. Over 3 years (FY 2022 to FY 2025), Concentrate Revenue — Net Operating Revenues shows an upward trend with a 5.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates higher demand for the company's core beverage brands and successful expansion of the bottling partner network. A decrease may signal weakening consumer demand or shifts in the partner distribution model.
Detailed definition
This metric represents the total revenue generated from the sale of beverage concentrates, syrup bases, and fountain syr...
Peer comparison
Comparable to licensing or franchise-based revenue streams in consumer packaged goods companies where the parent entity focuses on brand and ingredient supply rather than finished goods manufacturing.
ko_segment_concentrate_operations_net_operating_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.99B | $5.87B | $5.72B | $6.37B | $6.57B | $5.41B | $6.33B | $7.05B | $7.21B | $5.94B | $6.66B | $7.49B | $7.06B | $6.52B | $7.18B | $8.29B | $8.20B | $4.79B |
| QoQ Change | — | -2.1% | -2.5% | +11.2% | +3.3% | -17.7% | +17.1% | +11.3% | +2.3% | -17.6% | +12.0% | +12.6% | -5.8% | -7.7% | +10.2% | +15.4% | -1.1% | -41.5% |
| YoY Change | — | — | — | +6.2% | +12.0% | — | +10.6% | +10.8% | +9.7% | +9.9% | +5.1% | +6.3% | -2.1% | +9.7% | +7.9% | +10.6% | +16.2% | -26.5% |
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Frequently Asked Questions
- What is Coca-Cola's concentrate revenue — net operating revenues?
- Coca-Cola (KO) reported concentrate revenue — net operating revenues of $4.79B in Q4 2025.
- How has Coca-Cola's concentrate revenue — net operating revenues changed year-over-year?
- Coca-Cola's concentrate revenue — net operating revenues decreased by 26.5% year-over-year, from $6.52B to $4.79B.
- What is the long-term trend for Coca-Cola's concentrate revenue — net operating revenues?
- Over 3 years (2022 to 2025), Coca-Cola's concentrate revenue — net operating revenues has grown at a 5.7% compound annual growth rate (CAGR), from $24.07B to $28.46B.
- What does concentrate revenue — net operating revenues mean?
- Total revenue earned from selling beverage concentrates and syrups to bottling partners.