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Coca-Cola KO Return on invested capital

Return on invested capital at other companies

National Beverage logo
National BeverageFIZZ
52.6%-6.4pp
PepsiCo logo
PepsiCoPEP
18.1%+4.0pp
Keurig Dr Pepper logo
Keurig Dr PepperKDP
7.8%+2.5pp
The Vita Coco Company, Inc. logo
The Vita Coco Company, Inc.COCO
74.5%+12.9pp
Zevia logo
ZeviaZVIA
-33.8%-9.7pp
Primo Brands logo
Primo BrandsPRMB
4.9%

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$376.86B+27.0%
Enterprise value$413.64B+23.2%
P/E26.3×+2.0×
P/S7.5×+1.2×

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

Calculated from Coca-Cola’s reported figures.

Based on trailing twelve months.

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

Filed
Jul 29, 2026, 2:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050503

FAQ

What is Coca-Cola's return on invested capital?
Coca-Cola (KO) reported return on invested capital of 17.7% in Q2 2026.
How has Coca-Cola's return on invested capital changed year-over-year?
Coca-Cola's return on invested capital increased by 1.8% year-over-year, from 17.4% to 17.7%.
What is the long-term trend for Coca-Cola's return on invested capital?
Over 5 years (2020 to 2025), Coca-Cola's return on invested capital has grown at a 6.1% compound annual growth rate (CAGR), from 13.2% to 17.8%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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