Coca-Cola Consolidated, Inc.COKE
NasdaqGS•Consumer Defensive•Beverages - Non-Alcoholic
Coca-Cola Consolidated, Inc., together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages in the United States. It operates through Nonalcoholic Beverages and All Other segments. The company offers sparkling beverages; still beverages, including energy products; noncarbonated beverages, such as bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks. It also sells its products to other Coca-Cola bottlers; and post-mix products that are dispensed through equipment, which mix the fountain syrups with carbonated or still water enabling fountain retailers to sell finished products to consumers in cups or glasses. In addition, the company manufactures and distributes various other beverage brands comprising Dr Pepper and Monster Energy. It sells and distributes its products directly to customers, including grocery stores, mass merchandise stores, club stores, convenience stores and drug stores, restaurants, schools, amusement parks, and recreational facilities, as well as vending machine outlets. The company was formerly known as Coca-Cola Bottling Co. Consolidated and changed its name to Coca-Cola Consolidated, Inc. in January 2019. Coca-Cola Consolidated, Inc. was founded in 1902 and is headquartered in Charlotte, North Carolina.
Coca-Cola Consolidated, Inc. (COKE) reported trailing twelve months revenue of $7.49B as of April 2026, a 8.8% increase year-over-year. Quarterly revenue reached $1.85B, reflecting continued top-line momentum.
Coca-Cola Consolidated, Inc. generated $578.53M in TTM net income, with quarterly EBITDA of $294.43M. The operating margin expanded from 12.0% to 12.9%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (12.9%) and net margin (6.0%) indicates moderate non-operating costs. Net margin has narrowed from 6.6% a year ago, reflecting increased costs or interest expense.
COKE trades at a P/S of N/A.
The company generated $142.16M in free cash flow over the trailing twelve months, a 41.7% increase year-over-year, indicating cash generation ability. The balance sheet shows $4.39B in total assets with $2.54B in long-term debt against $-643.47M in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~13.1%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 40.0% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (6 of 7 quarters up), with ~11.3% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~13.3% — no sign of cost or pricing stress.
FCF covers net income by 1.0x on average — earnings are well-supported by cash generation.
D/E ratio is 0.9 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation