# Coca-Cola Consolidated, Inc. Common Stock (COKE) — Stock CV

Coca-Cola Consolidated, Inc. is a $13.1B consumer staples company. Revenue grew 10.7% over the last year, it keeps 7¢ of every dollar of sales as profit, and its net debt equals ~3.7 years of free cash flow. It trades at 23.8× earnings — in the most expensive third of its own history.

> Coca-Cola Consolidated Inc distributes, markets, and manufactures nonalcoholic beverages. It offers a range of nonalcoholic beverage products and flavors, including both sparkling and still beverages.

## Identity

- **Ticker**: COKE
- **Sector**: Consumer Defensive
- **Industry**: Bottled & Canned Soft Drinks & Carbonated Waters
- **Headquarters**: CHARLOTTE, NC
- **Employees**: 17 000
- **Website**: https://www.cokeconsolidated.com
- **Market cap**: $13.1B
- **Last price**: $196.75
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $7.69B
- **Net income**: $550M
- **Free cash flow**: $644M
- **Net debt**: $2.40B
- **P/E**: 23.8
- **Revenue growth (YoY)**: 10.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 62 |
| Growth | 62 |
| Profitability | 75 |
| Health | 55 |
| Quality | 90 |
| Moat | 49 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +10.7% YoY
- [x] Profitable — $550M TTM
- [ ] Profit growing — -46.7% YoY
- [x] Generates cash — $644M TTM
- [x] Debt under control — ~3.7y of cash flow to repay
- [x] Established company — $13.1B market cap
- [x] Not printing shares — -0.2% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [x] Financially stable — Altman Z 3.0 — grey
- [x] Pays a dividend — yield 0.58%
- [x] Valuation not extreme — P/E 23.8

## Experience (career milestones)

- **FY2024** — Best year on record: $633M net income
- **FY2023** — Became debt-free: cash now exceeds total debt
- **FY2017** — Positive free cash flow every year since: 9-year streak
- **FY2016** — First recorded profitable year: $50.1M net income
- **FY2016** — Revenue already above $1B: $3.16B in first reported year

## Strengths

- High gross margin (40.1%)
- Revenue growing 10.7% year over year
- Interest covered 19.1× by operating earnings
- High returns on invested capital (ROIC 34.3%)

## Watch-outs

- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $5.56B | $190M | $366M |
| FY2022 | $6.20B | $430M | $256M |
| FY2023 | $6.65B | $408M | $528M |
| FY2024 | $6.90B | $633M | $505M |
| FY2025 | $7.23B | $571M | $620M |

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Source: https://stockcv.com/COKE — derived from company filings; may be delayed or incomplete. Information, not investment advice.