vs
Side-by-side financial comparison of Arthur J. Gallagher & Co. (AJG) and Coca-Cola Consolidated, Inc. (COKE). Click either name above to swap in a different company.
Arthur J. Gallagher & Co. is the larger business by last-quarter revenue ($3.6B vs $1.9B, roughly 1.9× Coca-Cola Consolidated, Inc.). Coca-Cola Consolidated, Inc. runs the higher net margin — 7.2% vs 4.2%, a 3.0% gap on every dollar of revenue. On growth, Arthur J. Gallagher & Co. posted the faster year-over-year revenue change (33.6% vs 9.0%). Arthur J. Gallagher & Co. produced more free cash flow last quarter ($713.4M vs $106.7M). Over the past eight quarters, Coca-Cola Consolidated, Inc.'s revenue compounded faster (9.4% CAGR vs 5.5%).
Arthur J. Gallagher & Co. (Gallagher) is an American insurance brokerage and risk management services company based in Rolling Meadows, Illinois, a suburb of Chicago. The company provides insurance brokerage and risk management services, which primarily includes processing of workers compensation and automobile insurance claims via the company's adjusters.
Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.
AJG vs COKE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $1.9B |
| Net Profit | $151.1M | $137.3M |
| Gross Margin | — | 39.6% |
| Operating Margin | 5.0% | 12.7% |
| Net Margin | 4.2% | 7.2% |
| Revenue YoY | 33.6% | 9.0% |
| Net Profit YoY | -41.5% | -23.3% |
| EPS (diluted) | $0.58 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.6B | $1.9B | ||
| Q3 25 | $3.4B | $1.9B | ||
| Q2 25 | $3.2B | $1.9B | ||
| Q1 25 | $3.7B | $1.6B | ||
| Q4 24 | $2.7B | $1.7B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.8B | $1.8B | ||
| Q1 24 | $3.3B | $1.6B |
| Q4 25 | $151.1M | $137.3M | ||
| Q3 25 | $272.7M | $142.3M | ||
| Q2 25 | $365.8M | $187.4M | ||
| Q1 25 | $704.4M | $103.6M | ||
| Q4 24 | $258.3M | $178.9M | ||
| Q3 24 | $312.6M | $115.6M | ||
| Q2 24 | $283.4M | $172.8M | ||
| Q1 24 | $608.4M | $165.7M |
| Q4 25 | — | 39.6% | ||
| Q3 25 | — | 39.6% | ||
| Q2 25 | — | 40.0% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 40.0% | ||
| Q3 24 | — | 39.5% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 40.2% |
| Q4 25 | 5.0% | 12.7% | ||
| Q3 25 | 10.3% | 13.1% | ||
| Q2 25 | 14.6% | 14.7% | ||
| Q1 25 | 23.4% | 12.0% | ||
| Q4 24 | 12.3% | 12.5% | ||
| Q3 24 | 14.4% | 12.9% | ||
| Q2 24 | 13.2% | 14.4% | ||
| Q1 24 | 23.7% | 13.5% |
| Q4 25 | 4.2% | 7.2% | ||
| Q3 25 | 8.1% | 7.5% | ||
| Q2 25 | 11.4% | 10.1% | ||
| Q1 25 | 18.9% | 6.6% | ||
| Q4 24 | 9.5% | 10.2% | ||
| Q3 24 | 11.1% | 6.5% | ||
| Q2 24 | 10.2% | 9.6% | ||
| Q1 24 | 18.7% | 10.4% |
| Q4 25 | $0.58 | — | ||
| Q3 25 | $1.04 | — | ||
| Q2 25 | $1.40 | — | ||
| Q1 25 | $2.72 | — | ||
| Q4 24 | $1.10 | — | ||
| Q3 24 | $1.39 | — | ||
| Q2 24 | $1.27 | — | ||
| Q1 24 | $2.74 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $281.9M |
| Total DebtLower is stronger | $12.9B | $2.8B |
| Stockholders' EquityBook value | $23.3B | $-739.7M |
| Total Assets | $70.7B | $4.3B |
| Debt / EquityLower = less leverage | 0.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $281.9M | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $401.3M |
| Q4 25 | $12.9B | $2.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $23.0M | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $599.3M |
| Q4 25 | $23.3B | $-739.7M | ||
| Q3 25 | $23.2B | $1.6B | ||
| Q2 25 | $23.0B | $1.6B | ||
| Q1 25 | $22.3B | $1.5B | ||
| Q4 24 | $20.2B | $1.4B | ||
| Q3 24 | $12.2B | $1.3B | ||
| Q2 24 | $11.6B | $1.2B | ||
| Q1 24 | $11.3B | $1.6B |
| Q4 25 | $70.7B | $4.3B | ||
| Q3 25 | $79.1B | $5.7B | ||
| Q2 25 | $80.1B | $5.5B | ||
| Q1 25 | $74.1B | $5.4B | ||
| Q4 24 | $64.3B | $5.3B | ||
| Q3 24 | $57.2B | $5.3B | ||
| Q2 24 | $63.0B | $5.7B | ||
| Q1 24 | $61.0B | $4.3B |
| Q4 25 | 0.55× | — | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | 0.00× | 1.26× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 1.49× | ||
| Q1 24 | — | 0.37× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $753.0M | $209.0M |
| Free Cash FlowOCF − Capex | $713.4M | $106.7M |
| FCF MarginFCF / Revenue | 19.7% | 5.6% |
| Capex IntensityCapex / Revenue | 1.1% | 5.4% |
| Cash ConversionOCF / Net Profit | 4.98× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $619.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $753.0M | $209.0M | ||
| Q3 25 | $731.3M | $316.7M | ||
| Q2 25 | $-426.1M | $208.1M | ||
| Q1 25 | $871.8M | $198.2M | ||
| Q4 24 | $739.3M | $168.5M | ||
| Q3 24 | $934.8M | $270.8M | ||
| Q2 24 | $119.5M | $242.9M | ||
| Q1 24 | $789.3M | $194.3M |
| Q4 25 | $713.4M | $106.7M | ||
| Q3 25 | $693.5M | $264.1M | ||
| Q2 25 | $-465.5M | $148.5M | ||
| Q1 25 | $843.6M | $100.3M | ||
| Q4 24 | $695.7M | $84.8M | ||
| Q3 24 | $898.0M | $142.8M | ||
| Q2 24 | $87.7M | $160.5M | ||
| Q1 24 | $759.6M | $117.2M |
| Q4 25 | 19.7% | 5.6% | ||
| Q3 25 | 20.6% | 14.0% | ||
| Q2 25 | -14.5% | 8.0% | ||
| Q1 25 | 22.6% | 6.3% | ||
| Q4 24 | 25.6% | 4.9% | ||
| Q3 24 | 32.0% | 8.1% | ||
| Q2 24 | 3.2% | 8.9% | ||
| Q1 24 | 23.3% | 7.4% |
| Q4 25 | 1.1% | 5.4% | ||
| Q3 25 | 1.1% | 2.8% | ||
| Q2 25 | 1.2% | 3.2% | ||
| Q1 25 | 0.8% | 6.2% | ||
| Q4 24 | 1.6% | 4.8% | ||
| Q3 24 | 1.3% | 7.2% | ||
| Q2 24 | 1.1% | 4.6% | ||
| Q1 24 | 0.9% | 4.8% |
| Q4 25 | 4.98× | 1.52× | ||
| Q3 25 | 2.68× | 2.22× | ||
| Q2 25 | -1.16× | 1.11× | ||
| Q1 25 | 1.24× | 1.91× | ||
| Q4 24 | 2.86× | 0.94× | ||
| Q3 24 | 2.99× | 2.34× | ||
| Q2 24 | 0.42× | 1.41× | ||
| Q1 24 | 1.30× | 1.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AJG
| Commissions | $2.1B | 57% |
| Broker Fees | $1.2B | 33% |
| Supplemental Revenue | $131.7M | 4% |
| Investment Performance | $121.8M | 3% |
| Contingent Revenue | $83.0M | 2% |
COKE
| Transferred At Point In Time | $1.9B | 99% |
| Transferred Over Time | $15.1M | 1% |
