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COKE

Coca-Cola Consolidated, Inc.

COKE

Coca-Cola Consolidated, Inc. • NASDAQ
$162.95 ▼ -0.59% (-0.96)
Market Cap $14.18 B
52w High $166.21
52w Low $105.21
Dividend Yield 1.00%
P/E 23.25
Volume 266.11K
Outstanding Shares 87.01M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.888B ▲ $501.882M ▲ $142.334M ▼ 7.538% ▼ $1.86 ▼ $234.416M ▼
Q2-2025 $1.856B ▲ $470.412M ▲ $187.387M ▲ 10.099% ▲ $2.15 ▲ $326.849M ▲
Q1-2025 $1.58B ▼ $437.284M ▼ $103.611M ▼ 6.558% ▼ $1.19 ▼ $199.72M ▼
Q4-2024 $1.746B ▼ $479.125M ▲ $178.948M ▲ 10.246% ▲ $2.05 ▲ $207.513M ▼
Q3-2024 $1.766B $470.981M $115.624M 6.549% $1.32 $275.825M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.682B ▲ $5.669B ▲ $4.033B ▲ $1.636B ▲
Q2-2025 $1.57B ▲ $5.541B ▲ $3.911B ▲ $1.63B ▲
Q1-2025 $1.492B ▲ $5.404B ▲ $3.904B ▲ $1.499B ▲
Q4-2024 $1.437B ▼ $5.313B ▲ $3.896B ▼ $1.418B ▲
Q3-2024 $1.451B $5.273B $3.988B $1.285B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $187.387M ▲ $208.05M ▲ $-67.664M ▲ $-72.266M ▼ $68.12M ▲ $148.533M ▲
Q1-2025 $103.611M ▼ $198.171M ▲ $-139.695M ▲ $-42.495M ▲ $15.981M ▲ $100.305M ▲
Q4-2024 $178.948M ▲ $168.464M ▼ $-174.243M ▼ $-94.403M ▲ $-100.182M ▲ $84.782M ▼
Q3-2024 $115.624M ▼ $270.762M ▲ $-145.779M ▼ $-588.265M ▼ $-463.282M ▼ $142.829M ▼
Q2-2024 $172.812M $242.858M $-98.917M $1.154B $1.298B $160.498M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Nonalcoholic Beverage Segment
Nonalcoholic Beverage Segment
 $1.73Bn ▲$1.57Bn ▼$1.85Bn ▲$1.88Bn ▲
Other Operating Segment
Other Operating Segment
 $170.00M ▲$80.00M ▼$80.00M ▲$90.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Coca-Cola Consolidated has delivered steady, healthy growth in sales over the past five years, with revenue climbing each year and no obvious reversals. Profitability has improved even faster than sales, which suggests better pricing, mix, and cost control rather than just volume growth. Operating profit and cash-style earnings have both widened, showing that the core business has become more efficient, not just bigger. Net income is now much higher than it was a few years ago, although the year-to-year path hasn’t been perfectly smooth, which is normal for a bottling and distribution business exposed to input costs and consumer demand swings.

Balance Sheet

Balance Sheet The balance sheet has grown meaningfully, with total assets steadily increasing as the company has invested in its operations. Cash on hand has risen sharply in the most recent year, giving the company more financial flexibility and a larger liquidity cushion than it had earlier in the period. Debt had been trending down or stable, but it jumped in the latest year, which means leverage is now noticeably higher and deserves attention. Equity has increased over time, showing that retained profits are building the company’s net worth, but the mix of more debt and more cash suggests an active capital structure strategy rather than a purely conservative balance sheet.

Cash Flow

Cash Flow Cash generation from day-to-day operations has strengthened over the period, broadly tracking the improvement in profits. Free cash flow has remained positive in each year and has generally trended higher, which is a good sign for the company’s ability to fund investments, reduce debt, or return capital if it chooses. Capital spending has moved up, especially in the most recent years, indicating ongoing reinvestment in plants, equipment, and technology. Even with that higher spending, the company is still producing a meaningful cushion of free cash, which points to a business model that converts earnings into cash reasonably well.

Competitive Edge

Competitive Edge Coca-Cola Consolidated enjoys a strong competitive position as the largest Coca-Cola bottler in the United States, protected by exclusive territory rights and the strength of the Coca-Cola brand portfolio. Its dense distribution network, direct-store-delivery model, and local market expertise create a scale and service advantage that is difficult for rivals to replicate. Deep integration into local communities and relationships with retailers further strengthen customer loyalty and shelf presence. The main ongoing risks are shifts in consumer tastes, pressure from retailers and private labels, and the need to keep execution tight across a large, complex logistics footprint.

Innovation and R&D

Innovation and R&D Innovation at Coca-Cola Consolidated is focused less on new beverage formulas and more on how the company makes, moves, and sells products. It has invested in semi-automated warehousing, advanced logistics, and upgraded IT systems, all aimed at improving efficiency, reducing errors, and cutting energy and water use. The company uses data and local insights to fine-tune product mix and promotions by market, supporting the shift toward lower-sugar and “better-for-you” beverages. Looking ahead, continued automation, better use of analytics, and adapting to e-commerce and new distribution models are likely to be key levers, even though formal “R&D” spending may not look large compared with a brand-owner like The Coca-Cola Company.

Summary

Overall, Coca-Cola Consolidated shows a picture of a mature but improving business: sales are rising, margins have expanded, and cash generation is solid. The company has strengthened its balance sheet over time, though the recent increase in debt alongside a higher cash balance introduces a bit more financial complexity and leverage risk. Its core strengths lie in exclusive bottling territories, a powerful brand partner, and a highly developed distribution network anchored in local market relationships. The main things to watch are how well it manages higher leverage, keeps costs under control in a more automated footprint, and continues shifting its portfolio and execution toward changing consumer preferences and digital channels.

NEWS

November 7, 2025 · 4:15 PM UTC

Coca-Cola Consolidated Repurchases All Outstanding Shares Held by The Coca-Cola Company

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October 29, 2025 · 4:10 PM UTC

Coca-Cola Consolidated Reports Third Quarter and First Nine Months 2025 Results

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October 15, 2025 · 4:10 PM UTC

Coca-Cola Consolidated, Inc. to Release Third Quarter and First Nine Months 2025 Results

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October 10, 2025 · 4:10 PM UTC

Coca-Cola Consolidated, Inc. Announces Fourth Quarter Dividend

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September 18, 2025 · 9:45 AM UTC

Back-to-School with Purpose: Coca-Cola Consolidated Supports Students and Teachers Across 14 States and D.C.

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