Coca-Cola Consolidated, Inc. COKE

Consumer StaplesBeveragesUnited States of America

Last close 209.48 USD on Nov 2, 2026, +37.4% year to date

Quant rating

Quant rating D Rank 99 of 124 in Consumer Staples

Growth D 100 of 124
Valuation D 96 of 124
Quality C 86 of 124
Revisions D 104 of 124
Momentum A 8 of 124

Historical valuation

Valuation history unavailable.

Key data

Market cap: 13.9B
Enterprise value: 16.3B
52-week range: 127.35 – 218.25
3-year range: 63.15 – 218.25
Dividend yield: 0.48%
Beta (5 years): 0.61
Shares outstanding: 66.6M
Next earnings: –

About the company

Coca-Cola Consolidated, Inc. distributes, markets and manufactures nonalcoholic beverages, primarily products of The Coca-Cola Company. The Company also distributes products to several other beverage companies, including Monster Energy Company and Keurig Dr Pepper Inc. The Company offers a range of nonalcoholic beverage products and flavors, including both sparkling and still beverages. Sparkling beverages are carbonated beverages, and the Company's principal sparkling beverage is Coca-Cola. Its still beverages include energy products and noncarbonated beverages such as bottled water, ready to drink tea, ready to drink coffee, enhanced water, juices and sports drinks. Its products are sold and distributed in the United States through various channels, which include selling directly to customers, including grocery stores, mass merchandise stores, club stores, convenience stores and drug stores, and selling to on-premises locations, where products are typically consumed immediately.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	7,228	6,900	6,654	6,201	5,563	–
Revenue growth	4.8%	3.7%	7.3%	11.5%	11.1%	7.6%
EPS (basic, normalized)	–	–	–	4.88	3.22	–
EPS growth	–	–	–	51.4%	–	–
Gross margin	39.7%	39.9%	39.1%	36.7%	35.1%	38.1%
Net margin	7.9%	9.2%	6.1%	6.9%	3.4%	6.7%
ROE	168.3%	44.4%	32.0%	47.1%	31.0%	64.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	172
Current ratio	1.21x
Long-term debt (mil)	2,414
Net debt (mil)	2,343
Total equity (mil)	−500
Net debt / equity	−4.68x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	7,228	+4.8%	2.3x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	–	–	–	–
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Beverages

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
COKE Coca-Cola Consolidated, Inc.	13.9B	–	7.9%	−27.88x	–	–	–	–
KO Coca-Cola Co	412.3B	1.69x	27.3%	11.03x	28.7x	27.1x	25.1x	24.1x
PEP PepsiCo, Inc.	191.4B	2.22x	8.8%	8.59x	16.7x	16.3x	12.2x	11.9x
MNST Monster Beverage Corporation	93.9B	–	23.0%	10.05x	41.5x	36.4x	30.0x	26.8x
CCEP Coca-Cola Europacific Partners PLC	50.8B	–	9.3%	5.53x	23.0x	21.2x	14.4x	13.6x
KDP Keurig Dr Pepper Inc	50.1B	8.45x	12.5%	1.70x	16.1x	14.6x	13.2x	11.6x
Mean		4.12x	14.8%	1.50x	25.2x	23.1x	19.0x	17.6x
Median		2.22x	10.9%	7.06x	23.0x	21.2x	14.4x	13.6x

Technical analysis

1M+9.2%
3M+11.6%
1Y+61.6%
3Y+237.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Coca-Cola Consolidated, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	7,228	6,900	6,654	6,201	5,563	5,007
Cost of revenue	4,356	4,147	4,055	3,923	3,609	3,237
Gross profit	2,872	2,753	2,599	2,278	1,954	1,771
Selling, general & administrative expenses	1,921	1,831	1,763	1,635	1,509	1,451
Research & development	–	–	–	–	–	–
Depreciation/amortization	1.1	1.6	1.6	2.3	5.7	4.7
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	132	59.2	272	–	–	1.6
Other operating expenses	0	0	0	0	0	0
Operating income	819	861	562	641	439	313
Net interest income (expense)	−42.7	−1.8	0.9	−24.8	−33.4	−36.7
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−3.2	−2.7	−5.7	−41.2	−151	−35.6
Net income before taxes	773	857	557	575	255	241
Provision for taxes	202	224	149	145	65.6	58.9
Minority interest	–	–	–	0	0	−9.6
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	571	633	408	430	190	172
Extraordinary items	–	–	–	–	0	0
Net income	571	633	408	430	190	172
EBIT, normalized	951	920	834	641	439	315
EBITDA, normalized	1,169	1,114	1,011	813	620	494
Basic EPS, normalized	–	–	–	4.88	3.22	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Coca-Cola Consolidated, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	282	1,437	635	198	142	54.8
Receivables	700	684	659	606	547	490
Total inventory	336	330	322	348	303	226
Prepaid expenses	69.3	59.4	49.6	54.4	43.7	47.3
Other current assets	39.4	36.9	39.0	39.9	41.2	33.2
Total current assets	1,427	2,547	1,705	1,246	1,077	851
Property, plant & equipment	1,722	1,621	1,448	1,331	1,235	1,227
Goodwill	166	166	166	166	166	166
Intangibles	772	798	825	851	848	867
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	216	181	145	116	120	112
Total assets	4,303	5,313	4,289	3,710	3,446	3,222
Liabilities
Accounts payable	542	522	523	515	465	325
Payable/accrued	–	–	–	–	–	–
Accrued expenses	412	375	347	315	312	278
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	101	352	2.5	2.3	6.1	5.9
Other current liabilities	74.9	64.0	219	72.9	51.5	38.8
Total current liabilities	1,129	1,313	1,091	905	835	647
Long-term debt	2,687	1,439	604	606	788	1,010
Minority interest	–	–	–	–	–	0
Other liabilities	1,227	1,143	1,158	1,083	1,110	1,052
Total liabilities	5,043	3,896	2,853	2,594	2,734	2,709
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	66.6	12.5	13.1	13.1	13.1	13.1
Additional paid-in capital	23.8	136	136	136	136	136
Retained earnings (accumulated deficit)	−824	1,395	1,352	1,112	724	544
Treasury stock	0	−128	−61.3	−61.3	−61.3	−61.3
Other equity	−6.0	1.9	−4.3	−84.8	−100	−119
Total equity	−740	1,418	1,436	1,115	712	513
Total liabilities & shareholders' equity	4,303	5,313	4,289	3,710	3,446	3,222

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Coca-Cola Consolidated, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	571	633	408	430	190	182
Depreciation, depletion & amortization	219	194	177	172	181	179
Deferred taxes	13.7	2.5	−49.0	−9.8	−27.9	8.7
Non-cash items	136	64.6	280	39.0	157	45.5
Changes in working capital	−6.8	−17.7	−6.0	−76.4	22.8	79.1
Cash from operations	932	876	811	555	522	494
Investing activities
Capital expenditures	−312	−371	−282	−329	−165	−202
Other investing cash flows	293	−311	−13.0	4.3	2.7	1.6
Cash from investing	−19.0	−682	−295	−325	−162	−200
Financing activities
Financing cash flow items	−72.3	−79.8	−28.5	−36.8	−40.6	−144
Cash dividends paid	−86.7	−186	−46.9	−9.4	−9.4	−9.4
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−1,608	572	−2.3	−128	−222	−95.9
Cash from financing	−1,767	306	−77.7	−174	−272	−249
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−854	501	438	55.3	87.5	45.2
Free cash flow	620	505	528	225	357	292

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.