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Coca Cola vs Constellation Brands: KO and STZ compared
Coca Cola is the larger company: $13.4B of revenue in its latest quarter (Q3 2026) against $2.8B for Constellation Brands (Q2 FY27). Coca Cola is growing faster (+7% against +6% a year earlier). Coca Cola is more profitable, with an operating margin of 33.4% against 28.6%.
Where the money goes: KO and STZ
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.
Constellation Brands (STZ) · Q2 FY27
Constellation Brands, Q2 FY27: revenue $2.8B (+6% year over year), operating margin 28.6%, net earnings $566M, operating cash flow $817M. The chart follows the revenue to costs, profit and cash.
| Coca Cola (KO) | Constellation Brands (STZ) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $13.4B | $2.8B |
| Revenue growth, Y/Y | +7% | +6% |
| Gross margin | 63.2% | 49.5% |
| Operating margin | 33.4% | 28.6% |
| Net earnings | $4.0B | $566M |
| Net margin | 30.0% | 20.1% |
| Operating cash flow | $4.9B | $817M |
| Free cash flow | $4.5B | $640M |
| Market value | $412.7B | $24.0B |
| P/E | 28.1× | 12.5× |
| Analysts’ mean target | $97.75 | $152.91 |
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 Constellation Brands?
Coca Cola is the larger company: $13.4B of revenue in its latest quarter (Q3 2026) against $2.8B for Constellation Brands (Q2 FY27).
Is Coca Cola or Constellation Brands growing faster?
Coca Cola is growing faster (+7% against +6% a year earlier).
Which is more profitable, Coca Cola or Constellation Brands?
Coca Cola is more profitable, with an operating margin of 33.4% against 28.6%.
More: Coca Cola earnings · how Coca Cola makes money · Constellation Brands earnings · how Constellation Brands makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 7, 2026). Fiscal quarters can end on different dates. Not investment advice.