Coca-Cola Past Earnings Performance

Past criteria checks 4/6

Coca-Cola has been growing earnings at an average annual rate of 8%, while the Beverage industry saw earnings growing at 7.1% annually. Revenues have been growing at an average rate of 6.1% per year. Coca-Cola's return on equity is 38.9%, and it has net margins of 23.4%.

Key information

8.0%

Earnings growth rate

7.7%

EPS growth rate

Beverage Industry Growth4.4%
Revenue growth rate6.1%
Return on equity38.9%
Net Margin23.4%
Next Earnings Update30 Apr 2024

Recent past performance updates

Recent updates

Coca-Cola: Accelerating Dividend Growth Makes This Dividend King A Buy

Mar 17

Coca-Cola (NYSE:KO) Is Increasing Its Dividend To $0.485

Feb 20
Coca-Cola (NYSE:KO) Is Increasing Its Dividend To $0.485

Here's What Analysts Are Forecasting For The Coca-Cola Company (NYSE:KO) After Its Annual Results

Feb 16
Here's What Analysts Are Forecasting For The Coca-Cola Company (NYSE:KO) After Its Annual Results

Earnings Preview: Coca-Cola - Another Stagnating Brand?

Feb 12

Coca-Cola: A Dominant Force With High Upside

Feb 06

Investors Met With Slowing Returns on Capital At Coca-Cola (NYSE:KO)

Jan 24
Investors Met With Slowing Returns on Capital At Coca-Cola (NYSE:KO)

Here's Why We Think Coca-Cola (NYSE:KO) Might Deserve Your Attention Today

Jan 12
Here's Why We Think Coca-Cola (NYSE:KO) Might Deserve Your Attention Today

Why Coca-Cola Could Go From Significant Underperformance To +10% Annual Returns

Jan 05

The Coca-Cola Company's (NYSE:KO) Intrinsic Value Is Potentially 40% Above Its Share Price

Dec 31
The Coca-Cola Company's (NYSE:KO) Intrinsic Value Is Potentially 40% Above Its Share Price

Coca-Cola: Not The Time To Buy Yet

Dec 26

Subdued Growth No Barrier To The Coca-Cola Company's (NYSE:KO) Price

Dec 19
Subdued Growth No Barrier To The Coca-Cola Company's (NYSE:KO) Price

Coca-Cola: Digitalization And Category Innovation Drive Growth And Margin Expansion

Dec 05

The Coca-Cola Company: A Global Powerhouse (Rating Upgrade)

Nov 27

Coca-Cola: A Dividend King That Conservative Investors Should Buy

Nov 14

Is Coca-Cola (NYSE:KO) A Risky Investment?

Nov 11
Is Coca-Cola (NYSE:KO) A Risky Investment?

Coca-Cola's Q3: Impressive Results, Don't Worry About Ozempic

Oct 28

Coca-Cola: An Excellent Firm, But Is There Value Present In Shares?

Oct 19

Coke: It's The Best Time In 3 Years To Buy Buffett's Favorite Aristocrat

Oct 12

Coca-Cola Stock: There Is Madness And Then There Is This (Rating Upgrade)

Oct 06

Coca-Cola (NYSE:KO) Has Some Way To Go To Become A Multi-Bagger

Oct 05
Coca-Cola (NYSE:KO) Has Some Way To Go To Become A Multi-Bagger

Coca-Cola: Consider This Dividend Stabilizer For Your Portfolio

Sep 26

Is The Coca-Cola Company (NYSE:KO) Trading At A 22% Discount?

Sep 22
Is The Coca-Cola Company (NYSE:KO) Trading At A 22% Discount?

Coca-Cola Dividends: Reasons To Buy Vs. Reasons To Avoid

Sep 17

Coca-Cola Stock - Reviewing Its Dividend Credentials

Aug 16

Here's Why Coca-Cola (NYSE:KO) Has Caught The Eye Of Investors

Aug 03
Here's Why Coca-Cola (NYSE:KO) Has Caught The Eye Of Investors

Coca-Cola Stock Is Not Moving After Q2 Earnings, Overpaying For Safety

Jul 26

Revenue & Expenses Breakdown
Beta

How Coca-Cola makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:KO Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2345,75410,71413,9210
29 Sep 2345,03010,77213,5250
30 Jun 2344,14010,51013,1090
31 Mar 2343,4939,86812,9360
31 Dec 2243,0049,54212,6610
30 Sep 2242,3439,92512,5340
01 Jul 2241,3229,57112,3450
01 Apr 2240,12610,30712,1530
31 Dec 2138,6559,77111,8650
01 Oct 2137,8028,81311,1450
02 Jul 2136,4128,07910,5630
02 Apr 2133,4337,2179,5600
31 Dec 2033,0147,7479,5630
25 Sep 2033,4718,33310,2200
26 Jun 2034,3269,18910,8450
27 Mar 2037,17310,01711,8740
31 Dec 1937,2668,92012,0050
27 Sep 1936,0047,74811,7050
28 Jun 1935,2727,03511,2160
29 Mar 1934,6966,74411,0750
31 Dec 1834,3006,43411,0130
28 Sep 1834,0062,71111,2790
29 Jun 1834,3092,27811,8640
30 Mar 1834,5901,33312,1550
31 Dec 1736,2121,24812,9010
29 Sep 1737,3074,55013,2400
30 Jun 1738,8624,14914,0610
31 Mar 1740,6996,22614,8530
31 Dec 1641,8636,52715,4010
30 Sep 1642,4547,21415,6190
01 Jul 1643,2487,61715,8170
01 Apr 1643,8657,27716,1090
31 Dec 1544,2947,35116,4270
02 Oct 1545,1666,88416,8280
03 Jul 1545,7157,54917,1280
03 Apr 1546,1337,03617,3080
31 Dec 1445,9987,09817,2180
26 Sep 1446,1668,03817,1990
27 Jun 1446,2208,37117,1160
28 Mar 1446,3958,45217,1170
31 Dec 1346,8548,58417,3100
27 Sep 1347,2698,74017,4210
28 Jun 1347,5798,60417,6270
29 Mar 1347,9158,71617,7390

Quality Earnings: KO has high quality earnings.

Growing Profit Margin: KO's current net profit margins (23.4%) are higher than last year (22.2%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: KO's earnings have grown by 8% per year over the past 5 years.

Accelerating Growth: KO's earnings growth over the past year (12.3%) exceeds its 5-year average (8% per year).

Earnings vs Industry: KO earnings growth over the past year (12.3%) did not outperform the Beverage industry 19.6%.


Return on Equity

High ROE: Whilst KO's Return on Equity (38.95%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


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