Coca-Cola Consolidated, Inc. (COKE) Income Statement
COKE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCOKE revenue and net income
Where COKE's revenue goes
2025Each bar shows an amount and its share of revenue. COKE kept 7.9% of revenue as net income.
COKE profit margins
COKE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.8% | +5.2% | +7.6% | +12.1% |
| Gross profit | +4.3% | +8.0% | +10.2% | +12.3% |
| Operating income | +3.3% | +14.0% | +24.9% | +25.5% |
| Net income | −9.9% | +9.9% | +27.0% | +25.5% |
| EPS (diluted) | −73.0% | −14.3% | +12.8% | +30.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
COKE quarterly EPS vs estimates
Coca-Cola Consolidated beat the analyst EPS estimate in 3 of the last 3 quarters. Next report: November 4, 2026.
COKE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.23B | $6.90B | $6.65B | $6.20B | $5.56B | $5.01B | $4.83B | $4.63B | $4.32B | $3.16B |
| Cost of revenue | $4.36B | $4.15B | $4.06B | $3.92B | $3.61B | $3.24B | $3.16B | $3.07B | $2.78B | $1.94B |
| Gross profit | $2.87B | $2.75B | $2.60B | $2.28B | $1.95B | $1.77B | $1.67B | $1.56B | $1.50B | $1.19B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $1.92B | $1.83B | $1.88B | $1.64B | $1.52B | $624.6M | $625.7M | $613.5M | $553.2M | $692.5M |
| Total operating expenses | $1.92B | $1.83B | $1.76B | $1.64B | $1.52B | $1.46B | $1.49B | $1.50B | $1.40B | $1.06B |
| Operating income | $950.7M | $920.4M | $834.5M | $641.0M | $439.2M | $313.4M | $180.8M | $57.9M | $101.5M | $131.2M |
| Interest income | — | — | $918,000 | — | — | — | — | — | $41.9M | — |
| Interest expense | $42.7M | $1.8M | $918,000 | $24.8M | $33.4M | $36.7M | $46.0M | $50.5M | $41.9M | $36.3M |
| Income before taxes | $772.9M | $856.7M | $557.5M | $575.1M | $255.1M | $241.0M | $34.2M | −$13.3M | $63.0M | $92.7M |
| Income taxes | $202.3M | $223.5M | $149.1M | $144.9M | $65.6M | $58.9M | $15.7M | $1.9M | −$39.8M | $36.0M |
| Net income | $570.6M | $633.1M | $408.4M | $430.2M | $189.6M | $172.5M | $18.6M | −$19.9M | $96.5M | $50.1M |
| EBITDA | $1.03B | $1.05B | $734.4M | $771.5M | $469.2M | $456.8M | $260.1M | $224.5M | $273.7M | $245.7M |
| EPS (diluted) | $16.96 | $62.80 | $55.82 | $26.90 | $9.30 | $9.27 | $0.98 | $2.14 | $1.04 | $0.59 |
| Gross margin | 39.7% | 39.9% | 39.1% | 36.7% | 35.1% | 35.3% | 34.6% | 33.6% | 34.8% | 37.7% |
| Operating margin | 13.2% | 13.3% | 12.5% | 10.3% | 7.9% | 6.3% | 3.7% | 1.3% | 2.3% | 4.2% |
| Net margin | 7.9% | 9.2% | 6.1% | 6.9% | 3.4% | 3.4% | 0.4% | −0.4% | 2.2% | 1.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.05B | $1.85B | $1.90B | $1.89B | $1.86B | $1.58B | $1.75B | $1.77B | $1.80B | $1.59B | $1.63B | $1.71B |
| Cost of revenue | $1.27B | $1.12B | $1.18B | $1.14B | $1.11B | $952.9M | $1.05B | $1.07B | $1.08B | $951.1M | $989.5M | $1.05B |
| Gross profit | $778.4M | $727.1M | $727.5M | $748.5M | $742.5M | $627.1M | $697.9M | $698.0M | $716.7M | $640.6M | $641.5M | $661.5M |
| Sales, general & admin | $507.1M | $489.6M | $482.0M | $501.9M | $470.4M | $437.4M | $479.1M | $471.0M | $457.8M | $425.1M | $458.7M | $522.6M |
| Total operating expenses | $507.1M | $489.6M | $482.0M | $501.9M | $470.4M | $437.3M | $479.1M | $471.0M | $457.6M | $425.2M | $463.0M | $445.3M |
| Operating income | $271.3M | $237.5M | $245.5M | $246.6M | $272.1M | $189.8M | $218.7M | $227.1M | $259.1M | $215.4M | $178.5M | $216.3M |
| Interest income | — | — | — | — | — | — | — | — | — | $2.7M | — | $1.5M |
| Interest expense | $30.5M | $32.1M | $25.2M | $4.7M | $5.9M | $6.9M | $4.0M | $2.2M | $1.6M | $2.7M | $3.7M | $1.5M |
| Income before taxes | $215.1M | $151.2M | $188.2M | $192.2M | $253.0M | $139.5M | $246.0M | $155.6M | $232.2M | $222.8M | $112.5M | $121.0M |
| Income taxes | $56.3M | $39.7M | $51.0M | $49.9M | $65.6M | $35.9M | $67.1M | $39.9M | $59.4M | $57.1M | $36.7M | $28.9M |
| Net income | $158.8M | $111.6M | $137.2M | $142.3M | $187.4M | $103.6M | $178.9M | $115.6M | $172.8M | $165.7M | $75.8M | $92.1M |
| EBITDA | $355.2M | $240.2M | $268.7M | $252.0M | $313.7M | $199.7M | $207.5M | $206.5M | $279.9M | $269.6M | $319.6M | $183.1M |
| EPS (diluted) | $2.83 | $1.45 | $2.11 | $2.06 | $2.15 | $10.64 | $18.34 | $11.81 | $16.71 | $15.93 | $7.29 | $17.53 |
| Gross margin | 37.9% | 39.4% | 38.2% | 39.6% | 40.0% | 39.7% | 40.0% | 39.5% | 39.9% | 40.2% | 39.3% | 38.6% |
| Operating margin | 13.2% | 12.9% | 12.9% | 13.1% | 14.7% | 12.0% | 12.5% | 12.9% | 14.4% | 13.5% | 10.9% | 12.6% |
| Net margin | 7.7% | 6.0% | 7.2% | 7.5% | 10.1% | 6.6% | 10.2% | 6.5% | 9.6% | 10.4% | 4.6% | 5.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in COKE's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
COKE financial results
In fiscal year 2025 (ended December 31, 2025), Coca-Cola Consolidated reported revenue of $7.2 billion, up 4.8% from the year before. It had net income of $570.6 million (down 9.9%), a net profit margin of 7.9%. Diluted earnings per share came to $16.96. Over five years revenue grew at an average rate of 7.6% a year.
See the COKE stock overview for the latest quote and news, or the COKE chart for price history and technical indicators.
COKE income statement FAQ
What is Coca-Cola Consolidated's annual revenue?
Coca-Cola Consolidated reported total revenue of $7.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 4.8% from $6.9 billion the previous year.
Is Coca-Cola Consolidated profitable?
Yes. Coca-Cola Consolidated reported net income of $570.6 million in fiscal 2025, a net profit margin of 7.9%; its operating margin was 13.2%.
What is Coca-Cola Consolidated's gross margin?
Coca-Cola Consolidated's gross margin was 39.7% in fiscal 2025: for every $100 of revenue, Coca-Cola Consolidated kept $40 after the direct cost of its products and services.
How fast is Coca-Cola Consolidated growing?
Revenue grew 7.6% a year on average over the last five fiscal years, from $5.0 billion to $7.2 billion.
What are Coca-Cola Consolidated's earnings per share?
Coca-Cola Consolidated earned $16.96 per diluted share in fiscal 2025, compared with $62.80 a year earlier.
When will Coca-Cola Consolidated report its next earnings?
Coca-Cola Consolidated is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Coca-Cola Consolidated's fiscal year end?
Coca-Cola Consolidated's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.