KO Coca-Cola margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 91

Gross margin

62.3%

Operating margin

30%

EBITDA margin

39.7%

Net margin

28.7%

Using the latest TTM figures, Coca-Cola shows a gross margin of 62.3%, an operating margin of 30%, an EBITDA margin of 39.7%, and a net margin of 28.7%. Net margin drove the available margin improvements with a 1.4 percentage-point increase, while operating margin declined by 0.7 percentage points.

KO margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Coca-Cola recorded average margins of 61.09% gross, 25.95% operating, 36.32% EBITDA, and 25.28% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

KO margin expansion

Year-over-year margin changes in percentage points

From the same period last year, gross margin expanded by 0.7 percentage points, EBITDA margin by 0.7 percentage points, and net margin by 1.4 percentage points, while operating margin contracted by 0.7 percentage points.

Gross margin expansion

0.7pp

Operating margin expansion

-0.7pp

EBITDA margin expansion

0.7pp

Net margin expansion

1.4pp

KO Gross margin

In the last 3 years, Coca-Cola had an average gross margin of 61.09%. Against its three-year average, Coca-Cola's gross margin is currently 62.3%, 1.2 percentage points above its three-year average. Looking back over the last 3 years, Coca-Cola's gross margin reached 62.3% at its highest point in Oct 2026 and 59.5% at its lowest in Dec 2023.

KO Operating margin

In the last 3 years, Coca-Cola had an average operating margin of 25.95%. Against its three-year average, Coca-Cola's operating margin is currently 30%, 4.1 percentage points above its three-year average. Looking back over the last 3 years, Coca-Cola's operating margin reached 30.7% at its highest point in Sep 2025 and 20.6% at its lowest in Sep 2024.

KO EBITDA margin

Throughout the last 3 years, Coca-Cola had an average EBITDA margin of 36.32%. Against its three-year average, Coca-Cola's EBITDA margin is currently 39.7%, 3.4 percentage points above its three-year average. Looking back over the last 3 years, Coca-Cola's EBITDA margin reached 39.7% at its highest point in Oct 2026 and 33.3% at its lowest in Sep 2024.

KO Net margin

Looking back over the last 3 years, Coca-Cola recorded an average net margin of 25.28%. Coca-Cola's current net margin is 28.7% and is 3.4 percentage points above its three-year average. The highest net margin for Coca-Cola was 28.7% in Oct 2026, while the lowest was 22.4% in Sep 2024.

KO margin group comparison

Margins compared with peer-group, industry and sector averages

Coca-Cola's gross margin of 62.3% is higher than the Consumer Defensive sector and the industry average. In comparison with the Consumer Defensive sector average of 36.4%, Coca-Cola's gross margin is 71% higher.

KO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Coca-Cola's gross margin?

As of Oct 2, 2026, KO has a gross margin of 62.3%.

What is Coca-Cola's operating margin?

For the period ending Oct 2, 2026, KO recorded an operating margin of 30%.

What is Coca-Cola's EBITDA margin?

For the period ending Oct 2, 2026, KO recorded an EBITDA margin of 39.7%.

What is Coca-Cola's net margin?

The current net margin for KO is 28.7% as of Oct 2, 2026.

What are the average margins of KO?

Over the past 3 years, KO reported average margins of 61.1% gross, 26.0% operating, 36.3% EBITDA, and 25.3% net.

What are the highest historical margins of KO?

Coca-Cola's highest recorded margins during the past 5 years were 62.3% gross in Oct 2026, 30.7% operating in Sep 2025, 39.9% EBITDA in Dec 2021, and 28.7% net in Oct 2026.

What are the lowest historical margins of KO?

Over this 5-year history, Coca-Cola's margins fell as low as 58.1% gross in Dec 2022, 20.6% operating in Sep 2024, 32.1% EBITDA in Dec 2022, and 22.2% net in Dec 2022.