KO
The Coca-Cola Company

The Coca-Cola CompanyKO

Consumer Defensive · Beverages - Non-Alcoholic
95.80USD
+1.05%
Nov 05, 2026
KO overview ready
Global leader in zero-sugar and functional hydration beverage portfolios
Global brand owner, concentrate producer and beverage-system operator with direct portfolio exposure across zero-sugar sparkling drinks, hydration, sports beverages, water, coffee, tea and selected functional offerings.
Theme not measured
No economic group is assigned yet.
Consolidating price action
Longer-term context reads established trend, with a near-term setup of breakout attempt.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Unremarkable fundamentals
Primary risk
Changing consumer preferences away from sugary drinks.
Market Nov 4Filing Oct 2Price action Nov 5Research Aug 14

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction8.0BusinessPerformance5.0BusinessQuality8.0Valuation3.2ThemeMomentum—Stable — Revenue is growing at a steady pace (+7.4% year over year). Diluted EPS is up 8% year over year ($0.93), but growth has slowed from +18%. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
No economic group yet — pending research
Price
Loading price history…

Price Action

Consolidating price action
Longer-term context reads established trend, with a near-term setup of breakout attempt.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA100 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$412.1B
Avg Volume (60D)
16.6M
60 sessions
Revenue Growth YoY
+1.9%
FY2025 vs FY2024
Gross Margin
+62.3%
Trailing twelve months
Operating Margin
+30.0%
Trailing twelve months
Free Cash Flow Yield
+3.5%
P/E
28.2x
EV / EBITDA
26.9x
EV / Sales
8.6x
Market metrics as of Nov 4, 2026
Financial results for the period ended Oct 2, 2026
Filed balance-sheet data as of Oct 2, 2026

Business Performance

Stable

Revenue is growing at a steady pace (+7.4% year over year). Diluted EPS is up 8% year over year ($0.93), but growth has slowed from +18%.

Latest reported: Q3 FY2026, ended Oct 2
Revenue growthGrowing
+7.4%
$13.4B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +2.4%
  2. +12%
  3. +6.7%
  4. +7.4%
Earnings growthSlowing
+8.1%
Diluted EPS $0.93 vs $0.86 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +3.9%
  2. +18%
  3. +17%
  4. +8.1%
Operating marginExpanding
33.4%
+1.4 pp YoY · gross margin 63.1% (+1.7 pp)

Business Quality

8.0 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

The available comparisons disagreed; the intrinsic comparison is the more reliable method for this business and the others are published as dissent.
The Coca-Cola Company has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 3.5% free-cash-flow yield and 26.9x EBITDA, which require sustained delivery to be justified.

Company Research

Thesis
Global brand owner, concentrate producer and beverage-system operator with direct portfolio exposure across zero-sugar sparkling drinks, hydration, sports beverages, water, coffee, tea and selected functional offerings.
Opportunity
Moderate opportunity
Consumer demand is shifting beverage mix toward lower-sugar formulations, hydration, sports drinks, enhanced water and beverages carrying functional ingredients such as electrolytes, caffeine, protein or nutrients.
Key risk
Changing consumer preferences away from sugary drinks.

Economic classification

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Business & Markets

Consumer Defensive · Beverages - Non-Alcoholic
What they do

The Coca-Cola Company manufactures and sells a wide range of nonalcoholic beverages globally, including concentrates, syrups, and finished products, distributing through retailers, restaurants, and convenience stores.

How it earns

The company generates revenue primarily through transactional sales of beverage products and concentrates to retailers and distributors worldwide.

Products & services
Sparkling soft drinks
Water
Sports drinks
Coffee
Tea
Juice
Value-added dairy
Plant-based beverages
Beverage concentrates
Fountain syrups
Customers & end markets
Retailers
Restaurants
Convenience stores
End consumers
Market position

Market leader in the global nonalcoholic beverage industry with a broad brand portfolio.

Demand drivers
Low cyclicality

Demand for beverages is relatively stable and less sensitive to economic cycles.