KO
Coca-Cola margins
- Stocks
- Consumer Defensive
- NYSE: KO
- Margins
Using the latest TTM figures, Coca-Cola shows a gross margin of 61.9%, an operating margin of 29.6%, an EBITDA margin of 39.4%, and a net margin of 28.6%. Each available margin increased from the same period last year. Net margin recorded the strongest gain, rising by 2.7 percentage points.
KO margin history
Over the last 3 years, Coca-Cola recorded average margins of 60.83% gross, 25.51% operating, 35.88% EBITDA, and 24.88% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.
KO margin expansion
Gross margin expanded by 0.5 percentage points, operating margin by 1.6 percentage points, EBITDA margin by 1.6 percentage points, and net margin by 2.7 percentage points, led by net margin with an increase of 2.7 percentage points.
KO Gross margin
In the last 3 years, Coca-Cola had an average gross margin of 60.83%. Against its three-year average, Coca-Cola's gross margin is currently 61.9%, 1.1 percentage points above its three-year average. Looking back over the last 3 years, Coca-Cola's gross margin reached 61.9% at its highest point in Jul 2026 and 59.1% at its lowest in Sep 2023.
KO Operating margin
In the last 3 years, Coca-Cola had an average operating margin of 25.51%. Against its three-year average, Coca-Cola's operating margin is currently 29.6%, 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 35.88%. Against its three-year average, Coca-Cola's EBITDA margin is currently 39.4%, 3.5 percentage points above its three-year average. Looking back over the last 3 years, Coca-Cola's EBITDA margin reached 39.4% at its highest point in Jul 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 24.88%. Coca-Cola's current net margin is 28.6% and is 3.7 percentage points above its three-year average. The highest net margin for Coca-Cola was 28.6% in Jul 2026, while the lowest was 22.4% in Sep 2024.
KO margin group comparison
Coca-Cola's gross margin of 61.9% is higher than the Consumer Defensive sector and the industry average. In comparison with the Consumer Defensive sector average of 36.6%, Coca-Cola's gross margin is 69% higher.
KO margin peer comparison
Frequently asked questions
What is Coca-Cola's gross margin?
As of Jul 3, 2026, KO has a gross margin of 61.9%.
What is Coca-Cola's operating margin?
For the period ending Jul 3, 2026, KO recorded an operating margin of 29.6%.
What is Coca-Cola's EBITDA margin?
For the period ending Jul 3, 2026, KO recorded an EBITDA margin of 39.4%.
What is Coca-Cola's net margin?
The current net margin for KO is 28.6% as of Jul 3, 2026.
What are the average margins of KO?
Over the past 3 years, KO reported average margins of 60.8% gross, 25.5% operating, 35.9% EBITDA, and 24.9% net.
What are the highest historical margins of KO?
Coca-Cola's highest recorded margins during the past 5 years were 61.9% gross in Jul 2026, 30.7% operating in Sep 2025, 39.9% EBITDA in Dec 2021, and 28.6% net in Jul 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.