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Coca-Cola KO Operating margin

Operating margin at other companies

PepsiCo logo
PepsiCoPEP
12.7%-1.2pp
Keurig Dr Pepper logo
Keurig Dr PepperKDP
20.8%+3.9pp
Monster Beverage logo
Monster BeverageMNST
29.3%+3.0pp
Constellation Brands logo
Constellation BrandsSTZ
29.8%
Starbucks logo
StarbucksSBUX
7.6%-4.9pp
General Mills logo
General MillsGIS
19%+0.7pp

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$343.9B+6.2%
Enterprise value$376.46B+3.4%
P/E25.1×-4.9×
P/S+0.1×

Profitability

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Gross margin61.7%+0.7pp
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

Calculated from Coca-Cola’s reported figures.

Based on trailing twelve months.

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 operating margin?
Coca-Cola (KO) reported operating margin of 29.3% in Q1 2026.
How has Coca-Cola's operating margin changed year-over-year?
Coca-Cola's operating margin increased by 19.5% year-over-year, from 24.5% to 29.3%.
What is the long-term trend for Coca-Cola's operating margin?
Over 4 years (2021 to 2025), Coca-Cola's operating margin has grown at a -0.0% compound annual growth rate (CAGR), from 112.1% to 111.9%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.