Stock

Coca-Cola Consolidated

COKE

Beverages - Non-Alcoholic · Consumer Defensive

Also trades as: 0I0T.L GBP 2.04 (-4.93%)

Price

$203.31

-11.37 (-5.30%)

Market Cap

$13.53B

Exchange

NASDAQ

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Oct 24, 2026 · filings through Jul 3, 2026

§How the score breaks down

Quality

Good

15/30

Growth

Strong

14/20

Cash Flow

Strong

8/10

Stability

Good

6/10

Valuation

Mixed

3/10

Ownership

Good

10/15

Dividends

Weak

1/5

57 of 100 counted points = Winston Score 57.

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Share count falling — buybacks

−10.8% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 94.0M (2021) → 83.8M (2025)

§Winston Score History

The full picture

Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States. The company takes concentrated syrup from The Coca-Cola Company and turns it into finished drinks — like Coke, Diet Coke, Sprite, and other beverages — then packages and delivers them to grocery stores, restaurants, gas stations, and vending machines. It operates primarily across the eastern half of the U.S., covering about 14 states.

The company earns money by selling bottled and canned drinks to retailers and foodservice customers, with pricing tied to both volume and product mix. Its competitive moat comes from exclusive territorial rights granted by Coca-Cola, which prevent other bottlers from competing in its geography. With a strong 22% return on invested capital, the business is efficient, but it faces real risks from declining soda consumption trends and rising input costs — like aluminum cans and sweeteners — which can squeeze margins if the company cannot pass those costs on to customers.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.6% YoY

YoY Growth Rate

Steady revenue growth

Reported EPS Growth

+11.2% YoY

Quarterly reporting periods ended:

27 Jun 2025: $2.15

3 Jul 2026: $2.39

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS increased year over year

R&D Spend

$0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Insider Activity

28.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$172M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Coca-Cola Consolidated is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

37.9%

Modest — 37.9% gross margin

Profit after running costs

Operating Margin

13.2%

Healthy — 13.2% operating margin

Return on the money invested

ROCE

13.5%

Good — 13.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+10.7%

Steady sales growth (+10.7% YoY)

Profit growth

EPS YoY

+20.1%

Earnings growing fast (+20.1% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

171%

Turns 171% of profit into real cash

Spare cash per sale

FCF Margin

8.6%

Modest free cash flow (8.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

1.17

Elevated debt (1.17)

Covers its interest

Interest Cover

10.83x

Comfortably covers interest (10.8x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

25.2x

Growth-priced — P/E 25.2

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

0.50%

Small dividend — 0.50% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

-81.8%

Dividend cut (-81.8% YoY) — warning sign

Payout Ratio

14%

no trend

Pays out a modest share of profit and keeps the rest to reinvest. Room to keep paying through a weak year.

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