Coca Cola Co's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Coca Cola Co (KO) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Coca Cola Co vs Its Competitors
- TTM: Trailing 12-month revenue of 51,054M vs 186,163M combined for its competitors (21.5% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+4.8% annualized vs trailing 12 months), vs accelerating (+4.3%) for its tracked peer group.
- Growth: Coca Cola Co generated 7.4% revenue growth year over year in Q3 2026, vs 4.8% for its competitors combined.
- Profitability: Its 30.0% net margin compares with 16.0% for the peer group.
- Scale: Coca Cola Co ranks #1 of 37 companies by market capitalization in the Nonalcoholic Beverages industry, holding 35.9% of industry market cap.
- Peer revenue share: Coca Cola Co accounted for 21.6% of combined revenue among its tracked peer group, up from 21.2% a year earlier.
- Peer differentiation: Revenue per employee of $0.77M compares with $0.53M for the peer group (1.4x).
- Structure: Coca Cola Co operates in the following segments: North America, Europe, Middle East & Africa, Latin America, Bottling Investments, A. Pacific, Corporate and Unallocated.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
KO Sales vs. its Competitors, Q3 2026
Coca Cola Co reported revenue growth of 7.43 % year on year in Q3 2026, above its competitors' combined revenue growth of 4.81 %.
With a net margin of 29.96 %, Coca Cola Co achieved higher profitability than its competitors (16.02 %).
Coca Cola Co generated 21.61 % of the combined sales of its peer group, up from 21.19 % a year earlier.
Coca Cola Co vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Coca Cola Co reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Coca Cola Co and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Coca Cola Co | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (1) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Coca Cola Co's competitor groups requires a Commercial License.
For context: the Nonalcoholic Beverages industry grew revenue 8.1% year over year, combined, vs 7.4% for Coca Cola Co. Coca Cola Co's share of combined industry revenue moved from 6.87% to 6.82%, a loss of 0.05 percentage points.
Coca Cola Co's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Coca Cola Co | Yes | Yes | Yes | No |
| Competitors combined (19) | ||||
| High-Confidence Competitors (12) | ||||
| Similar-Size Competitors (5) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 62.50 % (5 of 8) | 50.00 % (4 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
KO Stock Performance relative to its Competitors
KO Stock Performance relative to High-Confidence Competitors
KO Stock Performance relative to Similar-Size Competitors
KO Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Coca cola Consolidated Inc | 282.9% | Outperformed |
| 2 | Keurig Dr Pepper Inc | 282.9% | Outperformed |
| 3 | Procter and Gamble Co | 282.9% | Outperformed |
| 4 | National Beverage Corp | 282.9% | Outperformed |
| 5 | J and j Snack Foods Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Coca Cola Co's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Coca Cola Co's Comment on Competition and Industry Peers
Publicly Traded Peers of Coca Cola Co
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Coca Cola Co |
412,979.22 | 51,054.00 |
 Procter and Gamble Co |
402,146.83 | 87,922.00 |
 Diageo Plc |
223,357.00 | 27,964.00 |
 Pepsico Inc |
195,084.57 | 98,241.00 |
 Monster Beverage Corp |
94,557.90 | 9,218.64 |
 Keurig Dr Pepper Inc |
50,336.41 | 20,090.00 |
| SUBTOTAL | 1,429,802.24 | 346,105.38 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Coca Cola Co versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Coca Cola Co's Competitors Named by the Company
Competitive relationships identified from Coca Cola Co reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| PepsiCo, Inc. | Company report | 85% |
| Keurig Dr Pepper Inc. | Company report | 85% |
| Diageo | Company report | 85% |
| The Alkaline Water Company Inc | Company report | 85% |
| The Vita Coco Company Inc | Company report | 85% |
| Danone S.A. | Company report | 85% |
| Kirin Holdings | Company report | 85% |
| Anheuser-Busch InBev | Company report | 85% |
| Red Bull GmbH | Company report | 85% |
| Nestlé S.A. | Company report | 85% |
| Heineken N.V. | Company report | 85% |
| Suntory Beverage & Food Limited | Company report | 85% |
| Carnival Corporation | Company report | 85% |
| Laird Superfood Inc | Company report | 85% |
| AB InBev | Company report | 85% |
| Unilever | Company report | 85% |
| Barfresh Food Group Inc | Company report | 85% |
| The Kraft Heinz Company | Company report | 85% |
| Heineken Holdings | Company report | 85% |
| Constellation Brands | Company report | 85% |
| Groupe Danone | Company report | 85% |
| Monster Beverage Corp | Company report | 85% |
| National Beverage Corp | Company report | 85% |
| Jones Soda Co | Company report | 85% |
| Coca cola Consolidated Inc | Company report | 85% |
| Newage Inc | Company report | 85% |
| Cimg Inc | Company report | 85% |
| Treehouse Foods Inc | Company report | 85% |
| Celsius Holdings Inc | Company report | 85% |
| The Campbells Company | Company report | 85% |
| Reed s Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Coca Cola Co's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Coca Cola Co's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Coca Cola Co | North America 40.24 % |
| Procter and Gamble Co | Fabric & Home Care 35.25 % |
| Pepsico Inc | PepsiCo Beverages North America 30.49 % |
| Monster Beverage Corp | Monster Energy Drinks segment 92.85 % |
| Keurig Dr Pepper Inc | U.S. Refreshment Beverages 40.02 % |
| Kraft Heinz Co | North America 73.34 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Coca Cola Co's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Coca Cola Co | 412,979 | 774,719 | 223,308 |
| Procter and Gamble Co | 402,147 | 845,404 | 154,750 |
| Diageo Plc | 223,357 | 1,016,873 | 92,291 |
| Pepsico Inc | 195,085 | 321,049 | 35,768 |
| Monster Beverage Corp | 94,558 | 1,337,780 | 308,761 |
| Keurig Dr Pepper Inc | 50,336 | 656,536 | 48,856 |
| PEERS TOTAL | 1,016,823 | 534,348 | 55,738 |
Coca Cola Co's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Coca Cola Co | Non-US 60.70 % |
| Procter and Gamble Co | Non-US 52.05 % |
| Monster Beverage Corp | U.s.And Canada 57.21 % |
| Celsius Holdings Inc | North America 95.16 % |
| J and j Snack Foods Corp | US 95.74 % |
| Dih Holding Us Inc | EMEA 58.89 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Coca Cola Co's Position in Industry Market Structure
Market-capitalization share and concentration across all 33 companies in Coca Cola Co's industry classification, broader than the peer set above. Market cap in millions of $.Coca Cola Co ranks #1 of 33 companies by market capitalization in its industry, holding 35.92 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,086, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Coca Cola Co | 412,884 | 35.92 % |
| 2 | Diageo Plc | 223,658 | 19.46 % |
| 3 | Pepsico Inc | 195,370 | 17.00 % |
| 4 | Monster Beverage Corp | 94,558 | 8.23 % |
| 5 | Coca cola Europacific Partners Plc | 1,234 | 5.2% |
| 6 | Keurig Dr Pepper Inc | 1,234 | 5.2% |
| 7 | Constellation Brands Inc | 1,234 | 5.2% |
| 8 | Coca Cola Femsa Sab De Cv | 1,234 | 5.2% |
| 10 | Coca cola Consolidated Inc | 1,234 | 5.2% |
| 11 | Ambev S a | 1,234 | 5.2% |
Market cap and industry share for the rest of Coca Cola Co's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-05.
Coca Cola Co's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Coca Cola Co | 412,884 | 40.00 % |
| 2 | Diageo Plc | 223,658 | 8.19 % |
| 3 | Pepsico Inc | 1,234 | 12.3% |
| 4 | Monster Beverage Corp | 1,234 | 12.3% |
| 5 | Coca cola Europacific Partners Plc | 1,234 | 12.3% |
| 6 | Keurig Dr Pepper Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Coca Cola Co's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-05. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Coca Cola Co's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Nonalcoholic Beverages industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (54 companies). See the full Nonalcoholic Beverages industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 62.32 % | 31.40 % (avg) | +30.9 pp |
| Operating Margin | 30.04 % | industry median | +29.9 pp |
| EBITDA Margin | 37.79 % | 7.87 % (avg) | +29.9 pp |
| Capital Intensity (Capex / Revenue) | 3.81 % | 5.50 % (avg) | -1.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Coca Cola Co's Valuation vs Competitive Position
Valuation multiples vs the Nonalcoholic Beverages industry average (54 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Nonalcoholic Beverages industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 25.6x | 42.3x | -16.7x |
| EV / EBITDA | 22.4x | 17.7x | +4.7x |
| P/B | 10.1x | 6.2x | +3.9x |
| Return on Equity | 39.81 % | industry aggregate | -1.43 % |
| Return on Invested Capital | 11.06 % | 5.18 % (avg) | 5.88 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Coca Cola Co's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -10.04 % | 16.98 % | -11.41 % | 17.09 % | 11.25 % | 6.39 % | 2.86 % | 1.87 % |
| Operating Margin | 27.31 % | 27.06 % | 27.25 % | 26.67 % | 25.37 % | 24.72 % | 21.23 % | 28.71 % |
| Return on Invested Capital | 10.93 % | 12.12 % | 9.88 % | 10.56 % | 11.70 % | 12.32 % | 10.39 % | 12.67 % |
| P/E | 35.8x | 29.7x | 29.0x | 25.6x | 28.2x | 23.0x | 26.5x | 23.0x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Coca Cola Co's Strategic Group Map
Coca Cola Co is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Coca Cola Co's trailing-12-month revenue growth of 7.1% and operating margin of 30.0% compares with an average of 3.5% growth and 19.2% margin across its 8 closest peers by combined growth, margin and ROIC -- Coca Cola Co sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Coca Cola Co's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Coca Cola Co falls in the Cash Cow quadrant: relative market share of 1.85x vs its largest competitor, in an industry growing revenue 3.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Coca Cola Co's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,086 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 3.81 % vs industry average 5.50 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Coca Cola Co's dedicated Suppliers and Customers pages, not here.
Coca Cola Co's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Coca Cola Co falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Coca Cola Co's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Market leader by capitalization in its industry (#1 of 33, 35.92 % share).
- Operating margin 29.9 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+4.8% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
No rule matched.
Opportunities
- Trades at a lower P/E than the industry average (25.6x vs 42.3x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Coca Cola Co's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Coca Cola Co | 0.28 | 1.37 | 1.74 |
| Procter and Gamble Co | 0.26 | 0.71 | 0.71 |
| Diageo Plc | 0.21 | 1.63 | 1.58 |
| Pepsico Inc | 0.30 | 0.91 | 2.38 |
| Monster Beverage Corp | 1.31 | 3.46 | - |
| Keurig Dr Pepper Inc | 0.48 | 0.93 | 0.80 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Coca Cola Co's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Coca Cola Co | Q3 2026 | +7.4 % | +8.9 % |
| Procter and Gamble Co | Q3 2026 | +4.0 % | -1.0 % |
| Diageo Plc | Q2 2025 | +0.3 % | -39.1 % |
| Pepsico Inc | Q3 2026 | +5.6 % | +16.4 % |
| Monster Beverage Corp | Q2 2026 | +20.2 % | +19.6 % |
| Keurig Dr Pepper Inc | Q2 2026 | +75.6 % | -61.6 % |
| PEERS TOTAL | +6.3 % | +7.1 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Coca Cola Co's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Coca Cola Co | Q3 2026 | +2.8 % | -20.9 % |
| Procter and Gamble Co | Q3 2026 | +7.3 % | +13.8 % |
| Diageo Plc | Q2 2025 | +0.0 % | - |
| Pepsico Inc | Q3 2026 | +3.7 % | -7.7 % |
| Monster Beverage Corp | Q2 2026 | +19.6 % | +54.2 % |
| Keurig Dr Pepper Inc | Q2 2026 | +122.4 % | +69.4 % |
Coca Cola Co's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Coca Cola Co | 13.85% | 14.46% | 39.81% |
| Procter and Gamble Co | 12.54% | 17.47% | 29.71% |
| Diageo Plc | 5.15% | 15.44% | 19.26% |
| Pepsico Inc | 9.90% | 13.66% | 50.41% |
| Monster Beverage Corp | 20.35% | 24.75% | 24.96% |
| Keurig Dr Pepper Inc | 2.21% | 2.34% | 5.47% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Coca Cola Co's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Coca Cola Co | 28.24 | 8.09 |
| Procter and Gamble Co | 25.27 | 4.57 |
| Diageo Plc | 94.84 | 7.99 |
| Pepsico Inc | 17.93 | 1.99 |
| Monster Beverage Corp | 44.29 | 10.26 |
| Keurig Dr Pepper Inc | 37.31 | 2.51 |
| PEERS AVERAGE | 31.43 | 4.13 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.