Coca-Cola Consolidated, Inc.
COKE · Bottled & Canned Soft Drinks & Carbonated Waters · 7.1M shares · +0%/yr ↑ shares · EDGAR filings ↗
Reference price $127.00 · est. market cap ~$907M — last insider sale, 2025-11-07 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B76Largest U.S. Coca-Cola bottler with a regional territory moat, top-decile ROA and strong free cash flow; negative book equity is a buyback artifact, not distress.
Strengths
- Top-decile ROA (13.3%, 93rd) and FCF $619M (86th); solid operating margin (13.2%, 77th)
- Exclusive territory/manufacturing rights and scale as the #1 U.S. Coke bottler
Risks
- Modest growth (net sales +4.8%) and net income down ~$62.5M on aluminum/tariff costs and mix shift to lower-margin Still
- Negative ROE/equity from the $2.4B buyback of TCCC shares; concentrated Class B voting control
Notable findings
- Negative equityNegative book equity (debt/equity -3.63)
- Strong balance sheetStrong balance sheet — $282M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
39.7%
Operating margin
13.2%
Net margin
7.9%
Return on equity
-77.1%
Return on assets
13.3%
ROIC
38.6%
Revenue growth (QoQ)
-3.0%
Net-income growth
-9.9%
Debt / equity
-3.6×
Net debt / EBITDA
2.1×
Current ratio
1.3×
Free cash flow
$620M
EBITDA
$1.1B
Tangible book value
-$906M
Cash & investments
$282M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2025-11-07 | COCA COLA CO | Sell | 18.8M | $127.00 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
Suppliers (4)
- The Coca-Cola Company
- Coca-Cola Refreshments USA, LLC
- Monster Energy Company
- Keurig Dr Pepper Inc.
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-13 | Shareholder vote | filing ↗ |
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-02-18 | ResultsExhibits | filing ↗ |
| 2025-12-08 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-11-07 | Material agreement1.02Debt obligationExec/director changeReg FDExhibits | filing ↗ |
| 2025-10-29 | ResultsExhibits | filing ↗ |
| 2025-09-04 | Exec/director change | filing ↗ |
| 2025-07-24 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-13 | 2026-05-12 | 0001628280-26-034592 ↗ |
| 10-Q | 2026-05-06 | 2026-04-03 | 0001628280-26-031302 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001628280-26-031296 ↗ |
| 8-K | 2026-02-18 | 2026-02-18 | 0001628280-26-009048 ↗ |
| 10-K | 2026-02-18 | 2025-12-31 | 0001628280-26-009057 ↗ |
| 8-K | 2025-12-08 | 2025-12-08 | 0001628280-25-055830 ↗ |
| 8-K | 2025-11-07 | 2025-11-07 | 0001628280-25-050682 ↗ |
| 10-Q | 2025-10-29 | 2025-09-26 | 0001628280-25-047124 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0001628280-25-047121 ↗ |
| 8-K | 2025-09-04 | 2025-08-28 | 0000317540-25-000072 ↗ |
| 10-Q | 2025-07-24 | 2025-06-27 | 0000317540-25-000070 ↗ |
| 8-K | 2025-07-24 | 2025-07-24 | 0000317540-25-000069 ↗ |