Coca Cola (KO) Free Cash Flow (2009 - 2026)
Coca Cola (KO) recorded Free Cash Flow of $5.1 billion in Q2 2026, up 51.5% from $3.37 billion a year earlier and up 190.8% from the prior quarter.
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Analysis
Coca Cola (KO) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, Coca Cola's Free Cash Flow came in at $14.3 billion as of Jul 3, 2026; for FY2025, it came in at $5.3 billion, up 11.7% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of -9.4% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $4.74 billion in FY2024 (-51.4%), $9.75 billion in FY2023 (+2.2%), $9.53 billion in FY2022 (-15.3%) and $11.26 billion in FY2021 (+29.9%).
- The Q2 2026 figure is the highest quarterly Free Cash Flow in data going back to Q1 2009.
- On a year-over-year basis, Free Cash Flow rose in three of the last four quarters, with growth averaging 30.6%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 73.1% in Q4 2024, against a decline of 71.4% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.76 billion (Q1 2026), $2.87 billion (Q4 2025) and $4.56 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 395.83 Bn | 382.30 Bn | 8.42 Bn | 5.10 Bn |
| 2 | Coca Cola Femsa Sab De Cv | 193.51 Bn | 193.51 Bn | 2.06 Bn | -231.82 Mn |
| 3 | Pepsico | 175.42 Bn | 133.18 Bn | 13.75 Bn | 4.67 Bn |
| 4 | Monster Beverage | 88.66 Bn | 76.91 Bn | 1.42 Bn | 460.79 Mn |
| 5 | Diageo | 52.30 Bn | 32.37 Bn | - | - |
| 6 | Ambev | 50.76 Bn | 36.05 Bn | 2.06 Bn | 1.10 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 | 714.00 Mn |
| 9 | Constellation Brands | 22.12 Bn | 21.67 Bn | 1.39 Bn | 639.90 Mn |
| 10 | Coca-Cola Consolidated | 13.61 Bn | 11.24 Bn | 778.41 Mn | 131.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 5.10 Bn |
| Apr 3, 2026 | 1.76 Bn |
| Dec 31, 2025 | 2.87 Bn |
| Sep 26, 2025 | 4.56 Bn |
| Jun 27, 2025 | 3.37 Bn |
| Mar 28, 2025 | -5.51 Bn |
| Dec 31, 2024 | 3.15 Bn |
| Sep 27, 2024 | -1.73 Bn |
| Jun 28, 2024 | 3.16 Bn |
| Mar 29, 2024 | 158.00 Mn |
| Dec 31, 2023 | 1.82 Bn |
| Sep 29, 2023 | 3.91 Bn |
| Jun 30, 2023 | 4.13 Bn |
| Mar 31, 2023 | -116.00 Mn |
| Dec 31, 2022 | 2.24 Bn |
| Sep 30, 2022 | 3.23 Bn |
| Jul 1, 2022 | 3.65 Bn |
| Apr 1, 2022 | 406.00 Mn |
| Dec 31, 2021 | 2.76 Bn |
| Oct 1, 2021 | 3.43 Bn |
API Access
Coca Cola Free Cash Flow 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=free-cash-flow&ticker=KO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=KO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();