The Coca-Cola Company

KONYSEConsumer Defensive● Active

$79.68

+$0.20(+0.25%)

Market Cap$342.8B

P/E Ratio—

52W High$82.66

52W Low$65.35

Avg Volume14.9M

Open$79.31

Beta0.35

Free Cash Flow Financials Revenue

The Coca-Cola Company (KO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

KO · free cash flow · updated Jun 8, 2026

Core FCF metrics

KO · FCF · TTM · margin & CAGR

Free cash flow was $5.30B for FY2025 (fiscal year ending 2025-12-31), up 11.7% year-over-year The FCF margin was 11.1%. Five-year CAGR stands at -9.4%.

FY2025 Free Cash Flow$5.30B▲ +11.7% YoY

Trailing 12M (TTM)$12.56Btrailing 4 quarters sum

FCF Margin11.1%$5.30B ÷ revenue

3-Year CAGR-17.8%FY2022 → FY2025

5-Year CAGR-9.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

KO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$7.41B(2.11B)$5.30B▲ +11.7%11.1%

FY2024$6.80B(2.06B)$4.74B▼ 51.4%10.1%

FY2023$11.60B(1.85B)$9.75B▲ +2.2%21.3%

FY2022$11.02B(1.48B)$9.53B▼ 15.3%22.2%

FY2021$12.63B(1.37B)$11.26B▲ +29.9%29.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

KO · P/FCF · FCF yield · FCF per share

The Coca-Cola Company (KO) trades at a FCF yield of 3.67% and a price-to-free-cash-flow ratio of 27.3x. FCF per share stands at $2.92, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.67%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.92

TTM FCF ÷ Shares Outstanding

Price / FCF

x27.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x29.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

KO · cash flow statement · operating / investing / financing

For FY2025, The Coca-Cola Company generated $7.41B in operating cash flow and spent 2.11B in capital expenditures, yielding $5.30B in free cash flow.

Operating Activities

+$7.41B

Cash from core business operations

2025-12-31

Investing Activities

−$67.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$8.14B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($7.41B) − |CapEx| (2.11B) = FCF ($5.30B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

KO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

The Coca-Cola CompanyYOU

$5.30B+11.7%11.0%

35%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

The Coca-Cola Company (KO) reported free cash flow of $5.30B for FY2025 (fiscal year ending 2025-12-31), up 11.7% year-over-year. The FCF margin was 11.1%.

Based on available data, The Coca-Cola Company has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $11.26B in FY2021. The 5-year CAGR stands at -9.4%.

The Coca-Cola Company's FCF yield is 3.67% and price-to-FCF ratio is 27.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

KO free cash flow · 8 questions

The Coca-Cola Company free cash flow was $5.30B for FY2025, up 11.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $12.56B.

KO free cash flowKO FCFKO FCF 2025KO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · The Coca-Cola Company · The Coca-Cola Company SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026