Coca Cola Co. (KO) stock — is it a good business?

Coca Cola Co. (KO) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Coca Cola's results release of October 27, 2026; its quarterly report has since been filed.

Revenue
Actual
$13.38B
+7.4% y/y
0.0% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.93
+8.1% y/y
-9.7% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$4.47B
+12% y/y
-4.4% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

North America38%
Europe, Middle East and Africa24%
Latin America13%
Bottling Investments13%
Asia Pacific12%

Shares of revenue are estimates for quarter ended March 31, 2026, not figures from a filing.

Competes with

PEPPepsiCo
A
Size
$196.2B
Margin
8.8%
KDPKeurig Dr Pepper
A
Size
$52.1B
Margin
7.1%
NSRGYNestlé
DANOYDanone
BUDAnheuser-Busch InBev
A
Size
$151.1B
Margin
15.4%
Red Bull GmbH

What it sells6

Coca-Cola drinks
Coca-Cola, Diet Coke and Coca-Cola Zero Sugar drinks, including their variations.
Sparkling-flavor drinks
Carbonated drinks sold under brands such as Sprite and Fanta.
Water, sports, coffee and tea drinks
Products include Dasani and smartwater, Powerade, Costa coffee, and Fuze Tea.

Show 3 more

Juice, dairy and plant-based drinks
Products include Simply and Minute Maid juices, fairlife dairy drinks, and innocent beverages.
Emerging beverages
The company sells or distributes drinks in newer or developing categories, including energy drinks such as Monster in certain territories.
Alcohol drinks
Ready-to-drink alcoholic beverages include Jack Daniel’s & Coca-Cola, Lemon-Dou and Topo Chico Hard Seltzer.

Who buys it4

Independent bottling partners buy concentrates and syrups under contracts, then make, package and distribute drinks in authorized territories.
Retailers, including grocery stores and convenience stores, buy finished drinks from the company, bottlers or distributors for sale to consumers.
Restaurants and other fountain retailers serve drinks made at the point of purchase from syrup; some buy syrup directly, while others buy it through authorized wholesalers or bottlers.
Distributors and wholesalers buy finished drinks and sell or deliver them to retailers.

What it stands on, and what could break it

What the business leans on

1The company depends on independent bottling partners to make, package and distribute much of its branded beverage volume; its five largest bottling partners together handled 44% of worldwide system unit case volume in 2025 (2025, high).
2Water is an ingredient in substantially all of its products, and water shortages or poor water quality can affect the company's and its bottlers' costs and ability to operate.
3The company and its bottlers rely on agricultural ingredients and packaging materials, including sweeteners, fruit juice, milk and aluminum cans; some packaging materials have a limited number of suppliers.
4Its products, ingredients, advertising and packaging are subject to food, labeling, competition and environmental rules in the countries where it operates.

What could go wrong

1If bottling partners have financial problems or the company cannot maintain good relationships with them, production and distribution of many branded drinks could be affected.
2Water scarcity, poor water quality, climate-related weather changes and crop problems such as citrus greening can disrupt supplies or raise the cost of water, orange juice and other ingredients.
3Health concerns about sweeteners or other ingredients, or new rules on ingredients, labels and beverage packaging, could require product changes, limit sales or increase costs.

Full financial statements →

About Coca Cola Co.

The Coca-Cola Company owns or licenses drink brands, including Coca-Cola, Sprite, Fanta and fairlife. It sells drink concentrates and syrups to bottlers, who make, package and distribute many of the finished drinks; the company also sells finished drinks through its own bottling operations and other channels. Its drinks are sold in more than 200 countries and territories.

Head office: Atlanta, Georgia
Founded: 1892 (company history, high confidence)
Employees: 65,900 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Built from Coca Cola Co.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Coca Cola's results release of October 27, 2026; its quarterly report has since been filed.

Revenue
Actual
$13.38B
+7.4% y/y
0.0% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.93
+8.1% y/y
-9.7% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$4.47B
+12% y/y
-4.4% q/q
Guided
—
No guide given

The full earnings report →

Keep exploring

The themes Coca Cola is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Beverages Non Alcoholic

Graded A or B and worth $2B or more: A first, then the largest.

All 16 graded companies in its industry

Grade rose recently in Consumer Staples

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises