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Coca-Cola KO Bottling Investments — Goodwill

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Other financials

Income statement

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Revenue$13.4B+6.7%
Gross profit$8.4B+7.6%
Operating income$4.7B+9.2%
Net income$4.4B+16.1%
EPS (diluted)$1.03+17.0%

Balance sheet

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Cash & equivalents$13.2B+29.4%
Total debt$50.0B+1.8%
Total equity$36.2B+26.5%
Total assets$107.92B+3.4%

Cash flow

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Operating cash flow$5.5B+44.9%
CapEx$418.0M-5.4%
Free cash flow$5.1B+51.5%

Valuation

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Market cap$373.59B+24.9%
Enterprise value$410.37B+21.4%
P/E26.1×+1.5×
P/S7.5×+1.1×

Profitability

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Gross margin61.9%+0.5pp
Operating margin29.6%+1.7pp
Net margin28.6%+2.7pp
FCF margin28.5%

Returns & leverage

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Return on equity44.2%-0.5pp
Debt / equity1.4×-0.3×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by Coca-Cola in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Coca-Cola’s 10-K, filed February 20, 2026.

Filed
Feb 20, 2026, 9:46 AM EST
Fiscal year
FY2025
Accession
0001628280-26-010047
Line itemEMEALatin AmericaNorth AmericaAsia PacificBottling InvestmentsTotal
Impairment charges(6)(6)
Divestitures(1)(1)
Balance at end of year$3,540$215$10,978$407$2,999$18,139
2025
Balance at beginning of year$3,540$215$10,978$407$2,999$18,139
Effect of foreign currency translation311122396721
Divestitures and assets held for sale1(8)(3,361)(3,369)
Balance at end of year$3,843$227$10,978$409$34$15,491

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Coca-Cola's bottling investments — goodwill?
Coca-Cola (KO) reported bottling investments — goodwill of $34M in Q4 2025.
How has Coca-Cola's bottling investments — goodwill changed year-over-year?
Coca-Cola's bottling investments — goodwill decreased by 98.9% year-over-year, from $3B to $34M.
What does bottling investments — goodwill mean?
Represents the intangible asset value arising from the acquisition of bottling operations, reflecting the premium paid over the fair value of net identifiable assets. It serves as a measure of the long-term strategic value and brand synergy attributed to the bottling segment.

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