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Coca-Cola KO Finished product operations — Net Operating Revenues

Other product segments

Concentrate operations
$8.15B-1.7%

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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:Revenues.

The source filing: Coca-Cola’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 2:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050503
Three Months Ended July 3, 2026United StatesInternationalTotal
Concentrate operations$2,426$5,720$8,146
Finished product operations2,8342,4005,234
Total$5,260$8,120$13,380
Three Months Ended June 27, 2025
Concentrate operations$2,322$5,296$7,618
Finished product operations2,6132,3044,917
Total$4,935$7,600$12,535

Item 1. Financial Statements

FAQ

What is Coca-Cola's finished product operations — net operating revenues?
Coca-Cola (KO) reported finished product operations — net operating revenues of $5.23B in Q2 2026.
How has Coca-Cola's finished product operations — net operating revenues changed year-over-year?
Coca-Cola's finished product operations — net operating revenues increased by 23.3% year-over-year, from $4.25B to $5.23B.
What is the long-term trend for Coca-Cola's finished product operations — net operating revenues?
Over 3 years (2022 to 2025), Coca-Cola's finished product operations — net operating revenues has grown at a 1.0% compound annual growth rate (CAGR), from $18.93B to $19.48B.
What does finished product operations — net operating revenues mean?
This metric represents the total revenue generated from the sale of finished beverage products directly to retailers and food-service partners. It reflects the performance of the company's internal manufacturing and distribution capabilities for ready-to-drink products. This segment is a critical indicator of the company's ability to capture value from its core brand portfolio through direct-to-market channels.

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