Coca Cola (KO) Return on Capital Employed [ROCE] (2009 - 2026)
Coca Cola's Return on Capital Employed [ROCE] was 18.37% in Q2 2026, up 2.14 percentage points from 16.23% a year earlier and up 0.76 percentage points from the prior quarter.
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Analysis
Coca Cola (KO) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Coca Cola came in at 16.91%, up 3.38 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of +4.45 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 13.53% in FY2024 (-2.26 pp), 15.78% in FY2023 (+1.01 pp), 14.77% in FY2022 (+0.23 pp) and 14.54% in FY2021 (+2.09 pp).
- The Q2 2026 figure marks the highest quarterly Return on Capital Employed [ROCE] since Q2 2013.
- Compared with a year earlier, Return on Capital Employed [ROCE] has increased for six straight quarters, with an average year-over-year change of +1.35 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q3 2025 (a gain of 4.98 percentage points); the worst was Q4 2024 (a drop of 2.49 percentage points).
- Per Business Quant data, KO's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was 17.61% (Q1 2026), 16.35% (Q4 2025) and 17.69% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 411.73 Bn | 398.05 Bn | 8.45 Bn | 18.32% |
| 2 | Diageo | 221.87 Bn | 201.94 Bn | - | - |
| 3 | Pepsico | 192.76 Bn | 150.52 Bn | 13.75 Bn | 19.41% |
| 4 | Coca Cola Femsa Sab De Cv | 192.22 Bn | 192.22 Bn | 2.15 Bn | - |
| 5 | Monster Beverage | 89.55 Bn | 77.80 Bn | 1.42 Bn | 28.61% |
| 6 | Coca-Cola Europacific Partners | 53.01 Bn | 45.68 Bn | - | - |
| 7 | Keurig Dr Pepper | 49.85 Bn | 45.89 Bn | 3.07 Bn | 5.38% |
| 8 | Ambev | 43.57 Bn | 28.38 Bn | 2.14 Bn | 23.26% |
| 9 | Constellation Brands | 24.18 Bn | 23.73 Bn | 1.39 Bn | 14.56% |
| 10 | Brown Forman | 14.04 Bn | 12.73 Bn | 549.00 Mn | 14.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Oct 2, 2026 | 18.32% |
| Jul 3, 2026 | 18.37% |
| Apr 3, 2026 | 17.61% |
| Dec 31, 2025 | 16.35% |
| Sep 26, 2025 | 17.69% |
| Jun 27, 2025 | 16.23% |
| Mar 28, 2025 | 14.89% |
| Dec 31, 2024 | 12.78% |
| Sep 27, 2024 | 12.71% |
| Jun 28, 2024 | 14.52% |
| Mar 29, 2024 | 14.37% |
| Dec 31, 2023 | 15.27% |
| Sep 29, 2023 | 15.10% |
| Jun 30, 2023 | 14.81% |
| Mar 31, 2023 | 15.16% |
| Dec 31, 2022 | 14.97% |
| Sep 30, 2022 | 14.72% |
| Jul 1, 2022 | 14.11% |
| Apr 1, 2022 | 14.57% |
| Dec 31, 2021 | 14.21% |
API Access
Coca Cola Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=KO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=KO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();