Coca Cola (KO) Change in Working Capital (2009 - 2026)
Coca Cola (KO) reported Change in Working Capital of -$996 million for Q2 2026, compared with $710 million a year earlier.
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Analysis
Coca Cola (KO) Change in Working Capital (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 3, 2026, Coca Cola's Change in Working Capital came in at -$756 million; for FY2025, it came in at $7.21 billion, up 15.6% from FY2024.
- Change in Working Capital has increased for three consecutive years.
- By year, Change in Working Capital came in at $6.23 billion in FY2024 (+636.9%), $846 million in FY2023 (+39.8%), $605 million in FY2022 and -$1.33 billion in FY2021.
- Five-year quarterly Change in Working Capital spans a low of -$1.61 billion in Q4 2024 and a high of $8.52 billion in Q1 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.26 billion (Q1 2026), -$832 million (Q4 2025) and -$1.19 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 395.83 Bn | 382.30 Bn | 8.42 Bn | 996.00 Mn |
| 2 | Coca Cola Femsa Sab De Cv | 193.51 Bn | 193.51 Bn | 2.06 Bn | - |
| 3 | Pepsico | 175.42 Bn | 133.18 Bn | 13.75 Bn | - |
| 4 | Monster Beverage | 88.66 Bn | 76.91 Bn | 1.42 Bn | - |
| 5 | Diageo | 52.30 Bn | 32.37 Bn | - | - |
| 6 | Ambev | 50.76 Bn | 36.05 Bn | 2.06 Bn | - |
| 7 | Coca-Cola Europacific Partners | 50.09 Bn | 42.76 Bn | - | - |
| 8 | Keurig Dr Pepper | 46.34 Bn | 42.38 Bn | 3.07 Bn | -43.00 Mn |
| 9 | Constellation Brands | 22.12 Bn | 21.67 Bn | 1.39 Bn | - |
| 10 | Coca-Cola Consolidated | 13.61 Bn | 11.24 Bn | 778.41 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 996.00 Mn |
| Apr 3, 2026 | -2.26 Bn |
| Dec 31, 2025 | 832.00 Mn |
| Sep 26, 2025 | 1.19 Bn |
| Jun 27, 2025 | -710.00 Mn |
| Mar 28, 2025 | -8.52 Bn |
| Dec 31, 2024 | 1.61 Bn |
| Sep 27, 2024 | -4.86 Bn |
| Jun 28, 2024 | -139.00 Mn |
| Mar 29, 2024 | -2.85 Bn |
| Dec 31, 2023 | 23.00 Mn |
| Sep 29, 2023 | 887.00 Mn |
| Jun 30, 2023 | 1.12 Bn |
| Mar 31, 2023 | -2.88 Bn |
| Dec 31, 2022 | 654.00 Mn |
| Sep 30, 2022 | 667.00 Mn |
| Jul 1, 2022 | 542.00 Mn |
| Apr 1, 2022 | -2.47 Bn |
| Dec 31, 2021 | 1.16 Bn |
| Oct 1, 2021 | 606.00 Mn |
API Access
Coca Cola Change in Working Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=KO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-working-capital", "ticker": "KO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=KO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();