Coca Cola (KO) Net Margin (2009 - 2026)
Coca Cola (KO) recorded quarterly Net Margin of 31.8% in Q2 2026, up 62.32% quarter-over-quarter from 19.59% in Q4 2025, and up 183.0% on a YoY basis from 11.24% in Q2 2025.
Coca Cola (KO) Net Margin (2009 - 2026) Analysis & Trends
Coca Cola's Net Margin history runs 18 years deep, the most recent figure standing at 31.8% for Q2 2026.
- In Q2 2026, Net Margin rose 183.0% year-over-year to 31.8%; the TTM figure through Apr 2026 stood at 27.94% (up 491.0% YoY), while the FY2025 annual figure was 27.4%, up 477.0% from the prior year.
- Net Margin was 31.8% for Q2 2026 at Coca Cola, up from 19.59% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 31.8% in Q2 2026 to a low of 16.78% in Q3 2022.
- Historically, Net Margin has averaged 24.4% across 5 years, with a median of 25.51% in 2022.
- The sharpest annual moves came in 2022 and 2025: Net Margin sank 913 bps in 2022, then soared 1092 bps in 2025.
- A 5-year view of Net Margin shows it stood at 20.31% in 2022, then declined by 10 bps to 18.31% in 2023, then grew by 5 bps to 19.17% in 2024, then gained by 2 bps to 19.59% in 2025, then soared by 62 bps to 31.8% in 2026.
- The last three Net Margin figures came in at 31.8% (Q2 2026), 19.59% (Q4 2025), and 29.57% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 341.39 Bn | 332.40 Bn | 7.85 Bn | 31.80% |
| 2 | Pepsico | 194.25 Bn | 183.58 Bn | 10.73 Bn | 12.02% |
| 3 | Monster Beverage | 89.38 Bn | 86.39 Bn | 1.29 Bn | 24.20% |
| 4 | Coca Cola Femsa Sab De Cv | 87.89 Bn | 86.38 Bn | 1.89 Bn | 6.67% |
| 5 | Keurig Dr Pepper | 41.86 Bn | 27.96 Bn | 2.10 Bn | 6.79% |
| 6 | Coca-Cola Consolidated | 10.27 Bn | 10.04 Bn | 727.08 Mn | 6.04% |
| 7 | Primo Brands | 8.82 Bn | 8.54 Bn | 464.90 Mn | - |
| 8 | Celsius Holdings | 7.92 Bn | 7.37 Bn | 378.07 Mn | 10.87% |
| 9 | Vita Coco Company | 4.80 Bn | 4.59 Bn | 71.81 Mn | 16.95% |
| 10 | National Beverage | 3.40 Bn | 3.09 Bn | 99.60 Mn | 15.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 3, 2026 | 31.80% |
| Dec 31, 2025 | 19.59% |
| Sep 26, 2025 | 29.57% |
| Jun 27, 2025 | 30.34% |
| Mar 28, 2025 | 29.97% |
| Dec 31, 2024 | 19.17% |
| Sep 27, 2024 | 24.04% |
| Jun 28, 2024 | 19.42% |
| Mar 29, 2024 | 28.19% |
| Dec 31, 2023 | 18.31% |
| Sep 29, 2023 | 25.79% |
| Jun 30, 2023 | 21.06% |
| Mar 31, 2023 | 28.35% |
| Dec 31, 2022 | 20.31% |
| Sep 30, 2022 | 25.51% |
| Jul 1, 2022 | 16.78% |
| Apr 1, 2022 | 26.62% |
| Dec 31, 2021 | 25.89% |
| Oct 1, 2021 | 24.65% |
| Jul 2, 2021 | 25.91% |