COKECoca-Cola Consolidated, Inc.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.3×).
Operating profit is fully backed by cash.
Profits are tracking sales roughly one-for-one, limited operating leverage either way.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is COKE?
Coca-Cola Consolidated, Inc. earns 43% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 34 points above what the capital costs: growth creates value
- Operating margin
- 13%
Operating margin · Beverages - Non-Alcoholic median 17% · 12 months to Q2 2026
- Cash conversion
- 1.29×
Cash conversion · 1.26× a year ago · operating cash flow covers the operating profit after tax
- Gross margin
- 39%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 6.3% |
| FY2021 | 7.9% |
| FY2022 | 10% |
| FY2023 | 13% |
| FY2024 | 13% |
| FY2025 | 13% |
Details›
- Gross margin12 months to Q2 2026
- 39%
- Operating margin12 months to Q2 2026
- 13%
- Net margin12 months to Q2 2026
- 7.1%
- Free cash flow margin
- 8.4%
- Revenue, trailing twelve months
- $7.69B
- Free cash flow, trailing twelve months
- $644M
- Net income, trailing twelve months
- $550M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 43%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.