# Coca-Cola Company (KO) — Stock CV

Coca-Cola Company is a $379B consumer staples company. Revenue grew 6.5% over the last year, it keeps 29¢ of every dollar of sales as profit, and its net debt equals ~2.1 years of free cash flow. It trades at 26.5× earnings — around the middle of its own history.

> Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee.

## Identity

- **Ticker**: KO
- **Sector**: Consumer Defensive
- **Industry**: Beverages
- **Headquarters**: ATLANTA, GA
- **Employees**: 65 900
- **Website**: https://www.coca-colacompany.com
- **Market cap**: $379B
- **Last price**: $88.15
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $50.1B
- **Net income**: $14.3B
- **Free cash flow**: $14.3B
- **Net debt**: $30.1B
- **P/E**: 26.5
- **Revenue growth (YoY)**: 6.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 41 |
| Growth | 49 |
| Profitability | 95 |
| Health | 49 |
| Quality | 74 |
| Moat | 87 |

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

- [x] Revenue growing — +6.5% YoY
- [x] Profitable — $14.3B TTM
- [x] Profit growing — +11.5% YoY
- [x] Generates cash — $14.3B TTM
- [x] Debt under control — ~2.1y of cash flow to repay
- [x] Established company — $379B market cap
- [x] Not printing shares — -0.2% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 37/100
- [x] Pays a dividend — yield 2.92%
- [x] Valuation not extreme — P/E 26.5

## Experience (career milestones)

- **FY2025** — Best year on record: $13.1B net income
- **Jan 30, 2019** — The Coca-Cola Company acquired the remaining 60% stake in Chi Ltd on January 30, 2019
- **2018** — The Coca-Cola Company acquired Moxie for an undisclosed amount
- **2017** — The Coca-Cola Company acquired Mexican sparkling water brand Topo Chico
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $41.9B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2016** — It bought many of the former SABMiller's Coca-Cola operations
- **2014** — It acquired a 16.7% (currently 19.36% due to stock buy backs) stake in Monster Beverage for $2.15…
- **Apr 23, 1985** — New Coke: the famous flop — original formula back after 79 days
- **Aug 9, 1982** — Diet Coke: the first Coca-Cola brand extension
- **1960** — Coca-Cola acquired Minute Maid in 1960 for an undisclosed amount
- **1941** — The Coca-Cola Company also produces a number of other soft drinks, including Fanta (introduced circa 1941), Sprite
- **Sep 5, 1919** — IPO: went public at $40 per share — one share then is millions today
- **1899** — Sold bottling rights for $1: the franchised bottler system is born
- **1892** — American businessman Asa Griggs Candler purchased the Coca-Cola formula and brand, forming the Coca-Cola Company in…
- **1886** — Coca-Cola was developed in May 1886 by pharmacist John Stith Pemberton
- **May 8, 1886** — Coca-Cola invented in Atlanta: pharmacist John Pemberton's soda-fountain syrup

## Strengths

- High gross margin (61.9%)
- Strongly profitable — 28.6% net margin
- Strong cash conversion — FCF is 28.5% of revenue
- Interest covered 67.1× by operating earnings
- High returns on invested capital (ROIC 21.1%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $38.7B | $9.77B | $11.3B |
| FY2022 | $43.0B | $9.54B | $9.53B |
| FY2023 | $45.8B | $10.7B | $9.75B |
| FY2024 | $47.1B | $10.6B | $4.74B |
| FY2025 | $47.9B | $13.1B | $5.30B |

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