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The Coca-Cola Company

KO
73
Beverages - Non-Alcoholic · Consumer Defensive
Price
$91.10
+0.60 (+0.66%)
Market Cap
$391.96B
Winston Score
73
Winston is happy
A high-quality business with solid fundamentals.
Data as of Aug 23, 2026 · filings through Jul 3, 2026
How the score breaks down
Quality
Strong
Growth
Strong
Cash Flow
Exceptional
Stability
Good
Valuation
Good
Dividends
Good

Winston Score History

The full picture

The Coca-Cola Company makes and sells soft drinks, juices, and other non-alcoholic beverages that people buy at stores, restaurants, and vending machines around the world. Its main products include Coca-Cola, Sprite, Fanta, and Dasani water, along with hundreds of other drink brands that serve consumers in nearly every country. Coca-Cola is the world's largest beverage company and owns some of the most recognized brand names on the planet.

The company makes money by selling concentrated syrup to bottling partners who then mix, package, and distribute the final products to retailers and restaurants. Coca-Cola operates in over 200 countries and territories, generating annual revenues of around $43 billion through this asset-light business model that relies heavily on its bottling network. The company's main competitive advantage is its massive global distribution system and powerful brand recognition, though it faces ongoing pressure from changing consumer preferences toward healthier drinks and reduced sugar consumption.

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Growth Profile

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

Revenue Growth

+6.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+15.7% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Insider Activity

10.0%ownership

Rising

Insiders increasing their stake — aligned with shareholders

Cash Position

Cash flow positive

$37.2B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

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

Growth context

The Coca-Cola Company is growing revenue at 7% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

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.

Share count broadly stable

0.6% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 4.34B (2021) → 4.31B (2025)

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
62.9%
Premium pricing power — 62.9% gross margin
Profit after running costs
Operating Margin
34.9%
Excellent — 34.9% operating margin
Return on the money invested
ROCE
18.6%
Strong — 18.6% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+6.5%
Slow sales growth (+6.5% YoY)
Profit growth
EPS YoY
+17.7%
Earnings growing fast (+17.7% YoY)

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

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
114%
Turns 114% of profit into real cash
Spare cash per sale
FCF Margin
28.5%
Converts sales into free cash efficiently (28.5%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
1.20
Elevated debt (1.20)
Covers its interest
Interest Cover
9.49x
Comfortably covers interest (9.5x)

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

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Valuation

Price vs profit
P/E Ratio (TTM)
27.4x
Growth-priced — P/E 27.4

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

Cheaper or dearer next year
P/E vs Forward
+3.6
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (27.4 → 23.8)

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Dividends

Dividend
Dividend Yield
2.33%
Moderate income — 2.33% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+4.2%
Dividend growing modestly (4.2% YoY)

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