Coca-Cola (KO) stock
Consumer Staples · Soft Drinks & Non-alcoholic Beverages
Coca-Cola (KO) is a Soft Drinks & Non-alcoholic Beverages company in the Consumer Staples sector, headquartered in Atlanta, Georgia. As of October 23, 2026, KO closed at $92.71, a market capitalization of $398.89 billion, the 26th largest company in the S&P 500. Over the last twelve months it generated $50.13 billion in revenue (+7% year over year) and $14.30 billion in free cash flow. The stock trades at 27.8x trailing earnings and 26.3x forward earnings.
- 1-year total return: +36.1% (dividends reinvested)
- 5-year return: +14.5% a year
- 52-week range: $67.27 – $95.37
- Gross margin 61.9%, operating margin 34.9%
- Dividend yield: 2.29%, 63 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 3rd largest of 34 Consumer Staples stocks in the S&P 500
KO price chart
1Y price change: +32.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| KO | +5.2% | +35.2% | +36.1% | +23.2% | +14.5% | +11.6% | +12.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1962.
KO key statistics
- Market cap
- $398.9B
- #26 in S&P 500
- P/E (TTM)
- 27.8x
- Forward P/E
- 26.3x
- EPS (TTM)
- $3.33
- Revenue (TTM)
- $50.1B
- +7%
- Free cash flow
- $14.3B
- Gross margin
- 61.9%
- Operating margin
- 34.9%
- Return on equity
- 42.1%
- Dividend yield
- 2.29%
- 52-week range
- $67.27 – $95.37
- Beta
- 0.32
- Price / sales
- 8.0x
- EV / EBITDA
- 25.2x
- Debt / equity
- 1.16x
- Employees
- 65,900
KO report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth6.7%C
- Gross margin61.9%A
- Operating margin34.9%A
- FCF margin28.5%A
- Return on equity42.1%A
- Net debt / EBITDA1.6xC
- Forward P/E26.3xC
- PEG ratio4.0xF
- Shareholder yield2.5%C
- Share count change / yr-0.0%C
Coca-Cola financials
Revenue went from $41.9B in fiscal 2016 to $47.9B in fiscal 2025, growing 1.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.9B | $36.2B | $34.3B | $37.3B | $33.0B | $38.7B | $43.0B | $45.8B | $47.1B | $47.9B |
| Gross profit | $25.4B | $22.5B | $21.2B | $22.6B | $19.6B | $23.3B | $25.0B | $27.2B | $28.7B | $29.5B |
| Operating income | $8.7B | $7.8B | $9.2B | $10.1B | $9.0B | $10.3B | $10.9B | $11.3B | $10.0B | $13.8B |
| Net income | $6.5B | $1.2B | $6.4B | $8.9B | $7.7B | $9.8B | $9.5B | $10.7B | $10.6B | $13.1B |
| EPS (diluted) | $1.49 | $0.29 | $1.50 | $2.07 | $1.79 | $2.25 | $2.19 | $2.47 | $2.46 | $3.04 |
| Free cash flow | $6.5B | $5.3B | $6.1B | $8.4B | $8.7B | $11.3B | $9.5B | $9.7B | $4.7B | $5.3B |
| Buybacks | $3.7B | $3.7B | $1.9B | $1.1B | $118.0M | $111.0M | $1.4B | $2.3B | $1.8B | $746.0M |
| Dividends paid | $6.0B | $6.3B | $6.6B | $6.8B | $7.0B | $7.3B | $7.6B | $8.0B | $8.4B | $8.8B |
| Diluted shares | 4.4B | 4.3B | 4.3B | 4.3B | 4.3B | 4.3B | 4.3B | 4.3B | 4.3B | 4.3B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into KO?
A reverse DCF asks what growth the current price requires. With an enterprise value of $426.8B and $14.3B of trailing free cash flow, Coca-Cola needs to grow free cash flow about 20.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -9.4% a year over the last five years.
P/E ratio history
Current 30.5x vs. median 25.4x (10th–90th percentile 18.8x–33.6x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
KO dividend
- Dividend yield
- 2.29%
- Annual dividend
- $2.12
- Years of increases
- 63
- 5-yr dividend growth
- 4.5%
- per year
- Payout ratio
- 62%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
KO analyst price targets
24 analysts' average 12-month target is $95.33 (+3% vs. $92.71). Targets range from $80.00 to $104.00.
KO earnings
Next report: October 27, 2026. Coca-Cola has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $13.4B (+7% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $0.93 | $0.97 | +4.0% |
| Apr 28, 2026 | $0.81 | $0.86 | +5.9% |
| Feb 10, 2026 | $0.56 | $0.58 | +2.7% |
| Oct 21, 2025 | $0.78 | $0.82 | +5.3% |
| Jul 22, 2025 | $0.84 | $0.87 | +3.9% |
| Apr 29, 2025 | $0.72 | $0.73 | +1.9% |
| Feb 11, 2025 | $0.52 | $0.55 | +6.4% |
| Oct 23, 2024 | $0.75 | $0.77 | +3.2% |
Stocks like KO
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 PEP Pepsico | -2.20% | -7% | $185.0B | 17.1x | Compare |
 MNST Monster Beverage | -2.35% | +32% | $90.5B | 42.8x | Compare |
 KDP Keurig Dr Pepper | -1.45% | +30% | $47.2B | 35.0x | Compare |
 WMT Walmart | -1.02% | +13% | $954.1B | 43.4x | Compare |
 COST Costco Wholesale | -1.46% | +7% | $444.6B | 48.3x | Compare |
 PG Procter & Gamble | -2.76% | +10% | $373.2B | 24.3x | Compare |
 PM Philip Morris International | -1.13% | +31% | $310.9B | 29.1x | Compare |
 MO Altria | -2.31% | +23% | $124.1B | 15.6x | Compare |
KO news
- Up 35%, How Long Can Coca-Cola Continue Crushing the S&P 500? · Oct 25, 2026
- Warren Buffett bought this company in 1988 when ‘no one’ wanted it — now it pays Berkshire $848 million a year · Oct 25, 2026
- Coca-Cola Stock Fell a Day After a 52-Week High. Here’s Why India Matters on October 27 · Oct 24, 2026
- 3 Portfolio-Worthy Stocks Hitting 52-Week Highs: AAPL, LLY & KO · Oct 23, 2026
- Coca-Cola (KO) Registers a Bigger Fall Than the Market: Important Facts to Note · Oct 23, 2026
KO stock FAQ
What is KO's market cap?
Coca-Cola's market capitalization is $398.89 billion as of October 23, 2026, ranking 26th in the S&P 500.
What is KO's P/E ratio?
KO trades at a trailing price-to-earnings ratio of 27.8x and a forward P/E of 26.3x. Its median P/E over the period we track is 25.4x.
Does KO pay a dividend?
Yes. Coca-Cola pays $2.12 per share a year, a 2.29% yield. It has raised its dividend 63 years in a row. Dividends grew 4.5% a year over the last five years.
How much has KO stock returned?
Including reinvested dividends, KO returned +36.1% over one year, +14.5% a year over five years, +11.6% a year over ten years through October 23, 2026.
Is KO stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Coca-Cola must grow free cash flow about 21% a year for the next decade. Its free cash flow fell 9% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the KO price target?
24 analysts cover KO with an average 12-month price target of $95.33, +3% from the current price.
When does KO report earnings?
Coca-Cola is expected to report earnings on October 27, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Coca-Cola have?
Coca-Cola has about 65,900 full-time employees, or $760,683 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology