The Coca-Cola Company

KONYSE

$94.77

Last price · USD

Market cap: $408.7B
P/E: 31.2x
EV / EBITDA: 23.8x
P/S: 8.5x
FCF yield: 1.3%
Div. yield: 2.15%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

The Coca-Cola Company balance sheet

Annual · USD millions except per-share data · 45 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	10,270	10,828	9,366	9,519	9,684	+1.5%
Short-term investments	3,602	3,743	4,297	2,112	2,941	+5.2%
Cash & short-term investments	13,872	14,571	13,663	11,631	12,625	+2.4%
Net receivables	3,038	3,569	3,410	3,487	3,512	-3.6%
Accounts receivable	3,038	3,569	3,410	3,487	3,512	-3.6%
Inventory	4,425	4,728	4,424	4,233	3,414	+6.7%
Other current assets	9,709	3,129	5,235	3,240	2,994	+34.2%
Total current assets	31,044	25,997	26,732	22,591	22,545	+8.3%
Non-current assets
Property, plant & equipment (net)	9,613	11,485	9,236	9,841	9,920	-0.8%
Goodwill	15,491	18,139	18,358	18,782	19,363	-5.4%
Intangible assets	12,531	13,301	14,865	14,849	15,250	-4.8%
Goodwill & intangible assets	28,022	31,440	33,223	33,631	34,613	-5.1%
Long-term investments	20,235	19,275	19,789	18,765	18,416	+2.4%
Tax assets	1,206	1,319	1,561	1,746	2,129	-13.2%
Other non-current assets	14,696	11,033	7,162	6,189	6,731	+21.6%
Total non-current assets	73,772	74,552	70,971	70,172	71,809	+0.7%
Total assets	104,816	100,549	97,703	92,763	94,354	+2.7%
Current liabilities
Accounts payable	5,649	5,468	5,590	5,307	4,602	+5.3%
Other payables	525	1,387	1,569	1,203	686	-6.5%
Total payables	6,174	6,855	7,159	6,510	5,288	+3.9%
Short-term debt	3,373	2,147	6,517	2,772	4,955	-9.2%
Capital lease obligations (current)	321	290	361	341	310	+0.9%
Tax payables	525	1,387	1,569	1,203	686	-6.5%
Other current liabilities	3,755	1,104	719	746	8,346	-18.1%
Total current liabilities	21,281	25,249	23,571	19,724	19,950	+1.6%
Non-current liabilities
Long-term debt	42,119	42,375	35,547	36,377	38,116	+2.5%
Capital lease obligations (non-current)	1,401	923	1,001	1,113	1,161	+4.8%
Deferred tax liabilities (non-current)	2,406	2,469	2,639	2,914	2,821	-3.9%
Other non-current liabilities	3,334	3,161	7,465	6,809	7,446	-18.2%
Total non-current liabilities	49,260	48,928	46,652	47,213	49,544	-0.1%
Capital lease obligations	1,722	1,213	1,362	1,454	1,471	+4.0%
Total debt	47,214	45,735	43,426	40,603	44,542	+1.5%
Total liabilities	70,541	74,177	70,223	66,937	69,494	+0.4%
Stockholders' equity
Common stock	1,760	1,760	1,760	1,760	1,760	0.0%
Retained earnings	80,382	76,054	73,782	71,019	69,094	+3.9%
Additional paid-in capital	20,581	19,801	19,209	18,822	18,116	+3.2%
Treasury stock	(56,423)	(55,916)	(54,535)	(52,601)	(51,641)	—
Accumulated other comprehensive income (loss)	(14,131)	(16,843)	(14,275)	(14,895)	(14,330)	—
Total stockholders' equity	32,169	24,856	25,941	24,105	22,999	+8.8%
Total equity	34,275	26,372	27,480	25,826	24,860	+8.4%
Minority interest	2,106	1,516	1,539	1,721	1,861	+3.1%
Total liabilities & equity	104,816	100,549	97,703	92,763	94,354	+2.7%
Additional fields
Accrued Expenses	7,658	14,853	8,815	9,355	1,051	+64.3%
Net Debt	36,944	34,907	34,060	31,084	34,858	+1.5%
Total Investments	23,837	23,018	24,086	20,877	21,357	+2.8%

The Coca-Cola Company

KONYSE

$94.77

Last price · USD

Market cap: $408.7B
P/E: 31.2x
EV / EBITDA: 23.8x
P/S: 8.5x
FCF yield: 1.3%
Div. yield: 2.15%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

The Coca-Cola Company balance sheet

Annual · USD millions except per-share data · 45 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	10,270	10,828	9,366	9,519	9,684	+1.5%
Short-term investments	3,602	3,743	4,297	2,112	2,941	+5.2%
Cash & short-term investments	13,872	14,571	13,663	11,631	12,625	+2.4%
Net receivables	3,038	3,569	3,410	3,487	3,512	-3.6%
Accounts receivable	3,038	3,569	3,410	3,487	3,512	-3.6%
Inventory	4,425	4,728	4,424	4,233	3,414	+6.7%
Other current assets	9,709	3,129	5,235	3,240	2,994	+34.2%
Total current assets	31,044	25,997	26,732	22,591	22,545	+8.3%
Non-current assets
Property, plant & equipment (net)	9,613	11,485	9,236	9,841	9,920	-0.8%
Goodwill	15,491	18,139	18,358	18,782	19,363	-5.4%
Intangible assets	12,531	13,301	14,865	14,849	15,250	-4.8%
Goodwill & intangible assets	28,022	31,440	33,223	33,631	34,613	-5.1%
Long-term investments	20,235	19,275	19,789	18,765	18,416	+2.4%
Tax assets	1,206	1,319	1,561	1,746	2,129	-13.2%
Other non-current assets	14,696	11,033	7,162	6,189	6,731	+21.6%
Total non-current assets	73,772	74,552	70,971	70,172	71,809	+0.7%
Total assets	104,816	100,549	97,703	92,763	94,354	+2.7%
Current liabilities
Accounts payable	5,649	5,468	5,590	5,307	4,602	+5.3%
Other payables	525	1,387	1,569	1,203	686	-6.5%
Total payables	6,174	6,855	7,159	6,510	5,288	+3.9%
Short-term debt	3,373	2,147	6,517	2,772	4,955	-9.2%
Capital lease obligations (current)	321	290	361	341	310	+0.9%
Tax payables	525	1,387	1,569	1,203	686	-6.5%
Other current liabilities	3,755	1,104	719	746	8,346	-18.1%
Total current liabilities	21,281	25,249	23,571	19,724	19,950	+1.6%
Non-current liabilities
Long-term debt	42,119	42,375	35,547	36,377	38,116	+2.5%
Capital lease obligations (non-current)	1,401	923	1,001	1,113	1,161	+4.8%
Deferred tax liabilities (non-current)	2,406	2,469	2,639	2,914	2,821	-3.9%
Other non-current liabilities	3,334	3,161	7,465	6,809	7,446	-18.2%
Total non-current liabilities	49,260	48,928	46,652	47,213	49,544	-0.1%
Capital lease obligations	1,722	1,213	1,362	1,454	1,471	+4.0%
Total debt	47,214	45,735	43,426	40,603	44,542	+1.5%
Total liabilities	70,541	74,177	70,223	66,937	69,494	+0.4%
Stockholders' equity
Common stock	1,760	1,760	1,760	1,760	1,760	0.0%
Retained earnings	80,382	76,054	73,782	71,019	69,094	+3.9%
Additional paid-in capital	20,581	19,801	19,209	18,822	18,116	+3.2%
Treasury stock	(56,423)	(55,916)	(54,535)	(52,601)	(51,641)	—
Accumulated other comprehensive income (loss)	(14,131)	(16,843)	(14,275)	(14,895)	(14,330)	—
Total stockholders' equity	32,169	24,856	25,941	24,105	22,999	+8.8%
Total equity	34,275	26,372	27,480	25,826	24,860	+8.4%
Minority interest	2,106	1,516	1,539	1,721	1,861	+3.1%
Total liabilities & equity	104,816	100,549	97,703	92,763	94,354	+2.7%
Additional fields
Accrued Expenses	7,658	14,853	8,815	9,355	1,051	+64.3%
Net Debt	36,944	34,907	34,060	31,084	34,858	+1.5%
Total Investments	23,837	23,018	24,086	20,877	21,357	+2.8%