{ "ok": true, "cik": "21344", "ticker": "KO", "name": "COCA COLA CO", "filings": [ { "form": "10-Q", "filed": "2026-07-29", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/21344/000162828026050503/0001628280-26-050503-index.htm" }, { "form": "8-K", "filed": "2026-07-28", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/21344/000162828026049922/0001628280-26-049922-index.htm" }, { "form": "8-K", "filed": "2026-07-16", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/21344/000162828026048466/0001628280-26-048466-index.htm" }, { "form": "8-K", "filed": "2026-06-25", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/21344/000155278126000366/0001552781-26-000366-index.htm" }, { "form": "8-K", "filed": "2026-05-01", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/21344/000162828026029230/0001628280-26-029230-index.htm" }, { "form": "10-Q", "filed": "2026-04-30", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/21344/000162828026028802/0001628280-26-028802-index.htm" } ], "events12m": 11, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 5, "latest": { "filed": "2026-06-25", "url": "https://www.sec.gov/Archives/edgar/data/21344/000155278126000366/0001552781-26-000366-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000021344.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=21344" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up COCA COLA CO ($KO). Last filing: 10-Q, 2026-07-29. 11 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 47941000000, "revenueGrowth1y": 0.018699135164998548, "revenueGrowthPerYear": 0.05529857762651691, "yearsOfData": 5, "operatingMargin": 0.28706117936630443, "operatingMarginPrior": 0.21232018019166612, "netMargin": 0.27402432156191986, "operatingCashFlow": 7408000000, "capitalSpending": 2112000000, "freeCashFlow": 5296000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 10270000000, "longTermDebt": 43941000000, "longTermDebtChange": 0.021337424168468067, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 38655000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 43004000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 45754000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 47061000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 47941000000 } ], "totalEquity": 32169000000, "totalAssets": 104816000000, "equityRatio": 0.30690925049610746, "returnOnEquity": 0.40837452205539493, "dividendsPaid": 8779000000, "payoutRatio": 0.6682652051457715, "dividendPerShare": 2.04, "dividendYearsRising": 15, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 3.05, "sharesOutstanding": 4313000000, "bookValuePerShare": 7.458613494087642, "revenuePerShare": 11.115464873637839, "range80": { "low": 44239233844.315834, "high": 51360379879.04388, "baseline": 49273502747.71398, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.03982461718381688, "classVolatility": 0.06659579566308972, "volatility": 0.054868024084331495 }, "ifPaceHeld": { "low": 44239233844.315834, "high": 51360379879.04388 } }, "edgarette": "🔖 Exposure: revenue $47.9B (FY2025), total debt $43.9B. Experience: revenue up 1.9% on the year, up 5.5% a year over 4 years; operating margin 28.7%, up from 21.2%. Soundness: equity 30.7% of assets, return on equity 40.8%, payout 66.8% of profit, dividend per share up 15 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $44.2B and $51.4B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $41.4B to $54.5B. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, beverages): operating margin 28.7% against a 12.2% median; growth 1.9% against 1.9%.", "peers": { "sic": 2080, "sicDescription": "Beverages", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "2080", "growth": [ 0.0187, 9 ], "opMargin": [ 0.1224, 9 ], "equityRatio": [ 0.3069, 9 ], "returnOnEquity": [ 0.1283, 8 ] }, "summary": "Coca Cola (KO) grew revenue 1.9% in FY2025 to $47.9 billion, operating margin 28.7% against a 12.2% median for beverages, equity 30.7% of assets, and dividend per share up 15 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
COCA COLA CO against its own record and its peers
Operating marginPeer median 12.2%28.7%Revenue, on the yearPeer median 1.9%1.9%Equity of assetsPeer median 30.7%30.7%Return on equityPeer median 12.8%40.8%Payout of profit66.8%Gold tick: the median of 8–9 peers with $50M+ revenue in beverages
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit66.8% paid out33.2% keptHanded back per share$2.04up 15 years runningGrowth its own profit can fund13.5%retained x return on equityRevenue growth it managed1.9%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 6, "hits": 5, "rate": 0.8333333333333334, "method": "v4", "byYear": { "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-24T13:20:23.457Z", "hash": "431e45353f156018", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Coca Cola (KO) grew revenue 1.9% in FY2025 to $47.9 billion, operating margin 28.7% against a 12.2% median for beverages, equity 30.7% of assets, and dividend per share up 15 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 47941000000, "totalDebt": 43941000000, "cash": 10270000000 }, "experience": { "revenueGrowth1y": 0.018699135164998548, "revenueGrowthPerYear": 0.05529857762651691, "operatingMargin": 0.28706117936630443, "operatingMarginPrior": 0.21232018019166612, "netMargin": 0.27402432156191986, "freeCashFlow": 5296000000 }, "soundness": { "equityRatio": 0.30690925049610746, "returnOnEquity": 0.40837452205539493, "payoutRatio": 0.6682652051457715, "dividendPerShare": 2.04, "dividendYearsRising": 15, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 2080, "sicDescription": "Beverages", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "2080", "growth": [ 0.0187, 9 ], "opMargin": [ 0.1224, 9 ], "equityRatio": [ 0.3069, 9 ], "returnOnEquity": [ 0.1283, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 5, "latest": { "filed": "2026-06-25", "url": "https://www.sec.gov/Archives/edgar/data/21344/000155278126000366/0001552781-26-000366-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 44239233844.315834, "high": 51360379879.04388, "baseline": 49273502747.71398, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.03982461718381688, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.054868024084331495, "k": 3 }, "stress": { "low": 41431701285.504234, "high": 54525885398.797226, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 6, "hits": 5, "rate": 0.8333333333333334, "method": "v4", "byYear": { "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-24T13:20:23.457Z", "hash": "431e45353f156018", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000021344.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=21344" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1545, "growth3y": 0.0369, "volatility": 0.0398, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.3069, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "now", "inside": "Turns 15.4% of revenue into operating cash; revenue growing 3.7% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 54th percentile for cash, 45th for growth.", "emoji": "🐄", "label": "Cash cow now", "plain": "steady, with strong cash arriving today" }, "band": "$10B+", "cashPctInClass": 54, "growthPctInClass": 45, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 7408000000, "investing": -67000000, "financing": -8140000000, "capitalSpending": 2112000000, "free": 5296000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 12625000000, "free": 11258000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 11018000000, "free": 9534000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 11599000000, "free": 9747000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 6805000000, "free": 4741000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 7408000000, "free": 5296000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 10270000000, "shortTerm": 415000000, "longTerm": 1359000000, "equityHoldings": null, "totalAssets": 104816000000, "ladder": { "within1y": 415000000, "y1to5": 1147000000, "y5to10": 46000000, "y10plus": 166000000, "noSingleDate": null }, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1545, "growth3y": 0.0369, "volatility": 0.0398, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.3069, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "now", "inside": "Turns 15.4% of revenue into operating cash; revenue growing 3.7% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 54th percentile for cash, 45th for growth.", "emoji": "🐄", "label": "Cash cow now", "plain": "steady, with strong cash arriving today" }, "band": "$10B+", "cashPctInClass": 54, "growthPctInClass": 45, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 7408000000, "investing": -67000000, "financing": -8140000000, "capitalSpending": 2112000000, "free": 5296000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 12625000000, "free": 11258000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 11018000000, "free": 9534000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 11599000000, "free": 9747000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 6805000000, "free": 4741000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 7408000000, "free": 5296000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 10270000000, "shortTerm": 415000000, "longTerm": 1359000000, "equityHoldings": null, "totalAssets": 104816000000, "ladder": { "within1y": 415000000, "y1to5": 1147000000, "y5to10": 46000000, "y10plus": 166000000, "noSingleDate": null }, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }