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Coca-Cola Consolidated (COKE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Coca-Cola Consolidated (COKE) Q3 2026 earnings results →
Q3 2026 Revenue up 5% year over year to $2.0B · 9¢ of every $1 of revenue kept as net profit · operating margin 13.7%
Coca-Cola Consolidated made $2.0B in Q3 2026 (+5% Y/Y). Operating margin 13.7%, net earnings $176M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter
Revenue was $2.0B in Q3 2026, up 5% year over year and down 3% from the previous quarter.
Gross margin was 38.8%, down 0.9 points from Q3 2025. Operating profit was $0.27B, a 13.7% margin (up 0.6 points year over year). Of the extra revenue versus Q3 2025, 25% reached operating profit, above the 13% margin then. Operating expenses fell 0% while revenue rose 5%. Net earnings were $0.18B, up 24% year over year. The effective tax rate was 26.3%.
Operating cash flow was $0.24B (down 23% year over year), 139% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization. Capital expenditures of $0.07B left free cash flow of $0.17B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $2.0B | +5% | 13.7% | $176M | $244M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $2.1B | +11% | 13.2% | $159M | $215M |
| Q1 2026 | 10-Q | May 6, 2026 | $1.8B | +17% | 12.9% | $112M | $205M |
| Q4 2025 | 10-K | Feb 18, 2026 | $1.9B | +9% | 12.7% | $137M | $209M |
| Q3 2025 | 10-Q | Oct 29, 2025 | $1.9B | +7% | 13.1% | $142M | $317M |
| Q2 2025 | 10-Q | Jul 24, 2025 | $1.9B | +3% | 14.7% | $187M | $208M |
| Q1 2025 | 10-Q | Apr 30, 2025 | $1.6B | -0.7% | 12.0% | $104M | $198M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- KR — 36% of its revenue · Stated in 10-K (sentence) · source
- WMT — 29% of its revenue · Stated in 10-K (sentence) · source
Buys from
- MNST — 10% of the supplier’s revenue · Stated in 10-K (sentence) · source
- KO · Stated in 10-K (share of revenue from its products) · source
About Coca-Cola Consolidated
Coca‑Cola Consolidated, Inc., a Delaware corporation (together with its majority-owned subsidiaries, “Coca‑Cola Consolidated,” the “Company,” “we,” “us” or “our”), distributes, markets and manufactures nonalcoholic beverages in territories spanning 14 states and the District of Columbia. The Company was incorporated in 1980 and, together with its predecessors, has been in the nonalcoholic beverage manufacturing and distribution business since 1902. We are the largest Coca‑Cola bottler in the United States. Approximately 85% of our total bottle/can sales volume to retail customers consists of products of The Coca‑Cola Company, which include some of the most recognized and popular beverage brands in the world. We also distribute products for several other beverage companies, including Monster Energy Company (“Monster Energy”) and Keurig Dr Pepper Inc. (“Dr Pepper”).
In its own words, from its 10-K, filed Feb 18, 2026.
Coca-Cola Consolidated against its Bottled & Canned Soft Drinks & Carbonated Waters peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +17%. Operating margin: 13.7% against the peers' median 17.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| COKE Coca-Cola Consolidated | Q3 2026 | $2.0B | +5% | 13.7% |
| MNST Monster Beverage | Q3 2026 | $2.6B | +17% | 28.0% |
| CELH Celsius Holdings | Q3 2026 | $847M | +17% | 20.3% |
| FIZZ National Beverage | Q1 FY27 | $331M | 0% | 17.7% |
| ZVIA Zevia PBC | Q3 2026 | $48.3M | +18% | -4.5% |
| REED Reed's | Q2 2026 | $7.5M | -21% | -54.3% |
Source: Coca-Cola Consolidated 10-Q on SEC EDGAR · CIK 317540 · Bottled & Canned Soft Drinks & Carbonated Waters
Guidance and outlook
13F: who owns COKE and who is buying
More on COKE
- How Coca-Cola Consolidated makes money: revenue by segment
- Coca-Cola Consolidated stock forecast, price target and fair value
- Who owns Coca-Cola Consolidated stock: holders, funds and Congress trades
- Coca-Cola Consolidated guidance and outlook
- Is Coca-Cola Consolidated a takeover target? LBO and rumors
- Coca-Cola Consolidated recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Coca-Cola Consolidated guidance history: guided vs reported
- Coca-Cola Consolidated gross margin by quarter
- Coca-Cola Consolidated operating margin by quarter
- Coca-Cola Consolidated net income by quarter
- Coca-Cola Consolidated free cash flow by quarter
- Coca-Cola Consolidated capital expenditures by quarter