Filing Flows › Coca Cola (KO) › Q1 2025
Coca Cola (KO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Coca Cola (KO) reported revenue of $11.1B for the first quarter 2025 (Q1 2025), -2% from a year earlier and -4% from the quarter before. Operating margin was 32.9%, net earnings $3.3B (29.9% of revenue).
Coca Cola, Q1 2025: revenue $11.1B (-2% year over year), operating margin 32.9%, net earnings $3.3B, operating cash flow −$5.2B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.1B | -4% | -2% |
| Gross profit | $7.0B | +0.5% | -1% |
| Operating profit | $3.7B | +35% | +71% |
| Net earnings | $3.3B | +52% | +5% |
| Operating cash flow | −$5.2B | — | — |
What changed
Revenue was $11.1B in Q1 2025, down 2% year over year and down 4% from the previous quarter. Concentrate Revenue was the largest line at 65% of revenue. Finished product operations lost $0.70B year over year (down 15%), 409% of the total change.
Gross margin was 62.6%, up 0.1 points from a year earlier. Operating profit was $3.7B, a 32.9% margin (up 13.9 points year over year). Operating expenses fell 33% while revenue fell 2%. Net earnings were $3.3B, up 5% year over year. The effective tax rate was 17.8%.
Operating cash flow was −$5.2B. Non-cash charges added back $0.27B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $8.9B. Capital expenditures of $0.31B exceeded it, leaving free cash flow of −$5.5B.
Questions
What was Coca Cola's revenue in the first quarter 2025?
Coca Cola (KO) reported revenue of $11.1B for the first quarter 2025 (Q1 2025), -2% from a year earlier and -4% from the quarter before.
Was Coca Cola profitable in the first quarter 2025?
Operating profit was $3.7B (32.9% of revenue) and net earnings $3.3B.
Source: Coca Cola 10-Q on SEC EDGAR.