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Coca-Cola KO Concentrate operations — Net Operating Revenues

Other product segments

Finished product operations
$5.09B+12.2%

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Other financials

Income statement

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Revenue$12.5B+12.1%
Gross profit$7.9B+12.7%
Operating income$4.4B+19.1%
Net income$3.9B+17.8%
EPS (diluted)$0.91+18.2%

Balance sheet

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Cash & equivalents$11.0B+24.7%
Total debt$43.6B-10.6%
Total equity$33.6B+28.4%
Total assets$104.22B+2.5%

Cash flow

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Operating cash flow$2.0B+139%
CapEx$266.0M-13.9%
Free cash flow$1.8B+132%

Valuation

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Market cap$341.57B+6.2%
Enterprise value$374.14B+3.4%
P/E24.9×-4.9×
P/S6.9×+0.1×

Profitability

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Gross margin61.7%+0.7pp
Operating margin29.3%+4.8pp
Net margin27.8%+4.8pp

Returns & leverage

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Return on equity45.8%+4.8pp
Debt / equity1.3×-0.6×
Current ratio1.4×+0.3×

Where this comes from

Reported directly by Coca-Cola in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: Coca-Cola’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coca-Cola's concentrate operations — net operating revenues?
Coca-Cola (KO) reported concentrate operations — net operating revenues of $7.39B in Q1 2026.
How has Coca-Cola's concentrate operations — net operating revenues changed year-over-year?
Coca-Cola's concentrate operations — net operating revenues increased by 12.0% year-over-year, from $6.59B to $7.39B.
What is the long-term trend for Coca-Cola's concentrate operations — net operating revenues?
Over 3 years (2022 to 2025), Coca-Cola's concentrate operations — net operating revenues has grown at a 5.0% compound annual growth rate (CAGR), from $24.07B to $27.87B.
What does concentrate operations — net operating revenues mean?
Total revenue earned from selling beverage concentrates and syrups to bottling partners.
How do you interpret concentrate operations — net operating revenues?
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.
How does concentrate operations — net operating revenues compare across companies?
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.