Coca Cola (KO) Return on Invested Capital [ROIC] (2009 - 2026)
Coca Cola's Return on Invested Capital [ROIC] came in at 15.41% for Q2 2026, up 0.86 percentage points from 14.55% a year earlier and up 0.14 percentage points from the prior quarter.
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Analysis
Coca Cola (KO) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Coca Cola's Return on Invested Capital [ROIC] was 15.31%, up 3.21 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +4.11 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 12.10% in FY2024 (-2.28 pp), 14.38% in FY2023 (+0.91 pp), 13.48% in FY2022 (+1.12 pp) and 12.35% in FY2021 (+1.15 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 11.18% (Q3 2024) to 15.67% (Q3 2025).
- Year-over-year, Return on Invested Capital [ROIC] has increased for six consecutive quarters, with an average year-over-year change of +0.74 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q3 2025 (a gain of 4.50 percentage points), and the weakest in Q3 2024 (a drop of 3.20 percentage points).
- Business Quant data shows KO's Return on Invested Capital [ROIC] at 15.27% (Q1 2026), 14.43% (Q4 2025) and 15.67% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 411.73 Bn | 398.05 Bn | 8.45 Bn | 15.56% |
| 2 | Diageo | 221.87 Bn | 201.94 Bn | - | - |
| 3 | Pepsico | 192.76 Bn | 150.52 Bn | 13.75 Bn | 16.05% |
| 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 | - |
| 6 | Coca-Cola Europacific Partners | 53.01 Bn | 45.68 Bn | - | - |
| 7 | Keurig Dr Pepper | 49.85 Bn | 45.89 Bn | 3.07 Bn | 4.33% |
| 8 | Ambev | 43.57 Bn | 28.38 Bn | 2.14 Bn | 24.68% |
| 9 | Constellation Brands | 24.18 Bn | 23.73 Bn | 1.39 Bn | 11.77% |
| 10 | Brown Forman | 14.04 Bn | 12.73 Bn | 549.00 Mn | 12.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Oct 2, 2026 | 15.56% |
| Jul 3, 2026 | 15.41% |
| Apr 3, 2026 | 15.27% |
| Dec 31, 2025 | 14.43% |
| Sep 26, 2025 | 15.67% |
| Jun 27, 2025 | 14.55% |
| Mar 28, 2025 | 13.30% |
| Dec 31, 2024 | 11.48% |
| Sep 27, 2024 | 11.18% |
| Jun 28, 2024 | 12.90% |
| Mar 29, 2024 | 13.15% |
| Dec 31, 2023 | 14.48% |
| Sep 29, 2023 | 14.37% |
| Jun 30, 2023 | 13.93% |
| Mar 31, 2023 | 13.60% |
| Dec 31, 2022 | 14.23% |
| Sep 30, 2022 | 14.02% |
| Jul 1, 2022 | 13.23% |
| Apr 1, 2022 | 13.07% |
| Dec 31, 2021 | 12.36% |
API Access
Coca Cola Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=KO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=KO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();