Filing Flows › Comparisons › KO vs DEO
Coca Cola vs Diageo: KO and DEO compared
Coca Cola is the larger company: $13.4B of revenue in its latest quarter (Q3 2026) against $12.8B for Diageo (H2 FY25). Coca Cola is more profitable, with an operating margin of 33.4% against 9.2%.
Where the money goes: KO and DEO
Coca Cola (KO) · Q3 2026
Coca Cola, Q3 2026: revenue $13.4B (+7% year over year), operating margin 33.4%, net earnings $4.0B, operating cash flow $4.9B. The chart follows the revenue to costs, profit and cash.
Diageo (DEO) · H2 FY25
Diageo, H2 FY25: revenue $12.8B, operating margin 9.2%, net earnings $419M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Coca Cola (KO) | Diageo (DEO) | |
|---|---|---|
| Latest quarter | Q3 2026 | H2 FY25 |
| Revenue | $13.4B | $12.8B |
| Revenue growth, Y/Y | +7% | — |
| Gross margin | 63.2% | 42.5% |
| Operating margin | 33.4% | 9.2% |
| Net earnings | $4.0B | $419M |
| Net margin | 30.0% | 3.3% |
| Operating cash flow | $4.9B | $1.1B |
| Free cash flow | $4.5B | — |
| Market value | $412.7B | — |
| P/E | 28.1× | — |
| Analysts’ mean target | $97.75 | — |
Where the revenue comes from
Coca Cola
- Concentrate operations: $8.2B (61%)
- Finished product operations: $5.2B (39%)
Questions
Which is bigger, Coca Cola or Diageo?
Coca Cola is the larger company: $13.4B of revenue in its latest quarter (Q3 2026) against $12.8B for Diageo (H2 FY25).
Is Coca Cola or Diageo growing faster?
Coca Cola is more profitable, with an operating margin of 33.4% against 9.2%.
More: Coca Cola earnings · how Coca Cola makes money · Diageo earnings · how Diageo makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 20-F filed Aug 14, 2025). Fiscal quarters can end on different dates. Not investment advice.