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FCF Margin for Coca-Cola (KO)

As of · Reported

Metric

TTM

25.5%

YoY change

+0.97pp

Trough year (1990)

6.7%

Peak year (2021)

29.1%

FCF Margin history chart for Coca-Cola (KO) from 1989 to 2025

Latest: 11.0%

FCF Margin change chart for Coca-Cola (KO) from 1989 to 2025

Latest: +0.97pp

FCF Margin history table for Coca-Cola (KO) from 1989 to 2025

  • 202511.0%+0.97pp
  • 202410.1%-11.23pp
  • 202321.3%-0.87pp
  • 202222.2%-6.95pp
  • 202129.1%+2.87pp
  • 202026.3%+3.67pp
  • 201922.6%+4.86pp
  • 201817.7%+2.73pp
  • 201715.0%-0.61pp
  • 201615.6%-2.40pp
  • 201518.0%+0.16pp
  • 201417.8%+0.79pp
  • 201317.1%+0.68pp
  • 201216.4%+2.30pp
  • 201114.1%-6.75pp
  • 201020.8%+0.85pp
  • 200920.0%+2.44pp
  • 200817.5%-1.53pp
  • 200719.1%+0.18pp
  • 200618.9%-5.02pp
  • 200523.9%-0.07pp
  • 200424.0%+1.91pp
  • 200322.1%+2.18pp
  • 200219.9%+0.85pp
  • 200119.0%+4.70pp
  • 200014.3%-0.25pp
  • 199914.6%+0.93pp
  • 199813.7%-1.92pp
  • 199715.6%+2.34pp
  • 199613.2%+1.23pp
  • 199512.0%-2.24pp
  • 199414.3%+2.02pp
  • 199312.2%+3.45pp
  • 19928.8%-2.38pp
  • 199111.2%+4.42pp
  • 19906.7%-0.75pp
  • 19897.5%—

FCF Margin values are taken from Coca-Cola's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Coca-Cola (KO)

According to Coca-Cola's latest reported financial statements, the company's latest reported free cash flow margin is 25.5%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Coca-Cola (KO) free cash flow margin totalled 11.05% – expanded 1.0 percentage points year-over-year.

29.12% stands as the all-time-high annual free cash flow margin, posted in 2021, against a low of 6.75% during 1990.

Coca-Cola FCF Margin by Year

Coca-Cola FCF Margin 2025: 11.0%

2025's free cash flow margin for Coca-Cola came in at 11.05%, expanded 1.0 percentage points from 2024.

Coca-Cola FCF Margin 2024: 10.1%

Coca-Cola posted free cash flow margin of 10.07% in 2024, contracted 11.2 percentage points from 2023.

Coca-Cola FCF Margin 2023: 21.3%

In 2023, Coca-Cola reported free cash flow margin of 21.30%, contracted 0.9 percentage points from 2022.

Coca-Cola FCF Margin 2022: 22.2%

Coca-Cola free cash flow margin in 2022 was 22.17%, contracted 7.0 percentage points from 2021.

Coca-Cola FCF Margin 2021: 29.1%

Coca-Cola free cash flow margin in 2021 was 29.12%.

See more financial history for Coca-Cola (KO).

Sector peers by FCF Margin

Consumer Defensive peers of Coca-Cola (KO), ranked by their latest free cash flow margin

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