vs

Side-by-side financial comparison of Coca-Cola Consolidated, Inc. (COKE) and M&T Bank (MTB). Click either name above to swap in a different company.

M&T Bank is the larger business by last-quarter revenue ($2.5B vs $1.9B, roughly 1.3× Coca-Cola Consolidated, Inc.). M&T Bank runs the higher net margin — 30.7% vs 7.2%, a 23.5% gap on every dollar of revenue. On growth, Coca-Cola Consolidated, Inc. posted the faster year-over-year revenue change (9.0% vs 3.8%). Over the past eight quarters, Coca-Cola Consolidated, Inc.'s revenue compounded faster (9.4% CAGR vs 4.6%).

Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. It operates 950+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia. Until May 1998, the bank's holding company was named First Empire State Corporation.

COKE vs MTB — Head-to-Head

Bigger by revenue
MTB
MTB
1.3× larger
MTB
$2.5B
$1.9B
COKE
Growing faster (revenue YoY)
COKE
COKE
+5.3% gap
COKE
9.0%
3.8%
MTB
Higher net margin
MTB
MTB
23.5% more per $
MTB
30.7%
7.2%
COKE
Faster 2-yr revenue CAGR
COKE
COKE
Annualised
COKE
9.4%
4.6%
MTB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COKE
COKE
MTB
MTB
Revenue
$1.9B
$2.5B
Net Profit
$137.3M
$759.0M
Gross Margin
39.6%
Operating Margin
12.7%
39.2%
Net Margin
7.2%
30.7%
Revenue YoY
9.0%
3.8%
Net Profit YoY
-23.3%
11.5%
EPS (diluted)
$4.62

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.

Revenue
COKE
COKE
MTB
MTB
Q4 25
$1.9B
$2.5B
Q3 25
$1.9B
$2.5B
Q2 25
$1.9B
$2.4B
Q1 25
$1.6B
$2.3B
Q4 24
$1.7B
$2.4B
Q3 24
$1.8B
$2.3B
Q2 24
$1.8B
$2.3B
Q1 24
$1.6B
$2.3B
Net Profit
COKE
COKE
MTB
MTB
Q4 25
$137.3M
$759.0M
Q3 25
$142.3M
$792.0M
Q2 25
$187.4M
$716.0M
Q1 25
$103.6M
$584.0M
Q4 24
$178.9M
$681.0M
Q3 24
$115.6M
$721.0M
Q2 24
$172.8M
$655.0M
Q1 24
$165.7M
$531.0M
Gross Margin
COKE
COKE
MTB
MTB
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%
Operating Margin
COKE
COKE
MTB
MTB
Q4 25
12.7%
39.2%
Q3 25
13.1%
40.8%
Q2 25
14.7%
39.0%
Q1 25
12.0%
33.0%
Q4 24
12.5%
37.0%
Q3 24
12.9%
39.0%
Q2 24
14.4%
37.1%
Q1 24
13.5%
29.4%
Net Margin
COKE
COKE
MTB
MTB
Q4 25
7.2%
30.7%
Q3 25
7.5%
31.5%
Q2 25
10.1%
29.9%
Q1 25
6.6%
25.3%
Q4 24
10.2%
28.6%
Q3 24
6.5%
30.9%
Q2 24
9.6%
28.5%
Q1 24
10.4%
23.5%
EPS (diluted)
COKE
COKE
MTB
MTB
Q4 25
$4.62
Q3 25
$4.82
Q2 25
$4.24
Q1 25
$3.32
Q4 24
$3.87
Q3 24
$4.02
Q2 24
$3.73
Q1 24
$3.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COKE
COKE
MTB
MTB
Cash + ST InvestmentsLiquidity on hand
$281.9M
Total DebtLower is stronger
$2.8B
$10.9B
Stockholders' EquityBook value
$-739.7M
$29.2B
Total Assets
$4.3B
$213.5B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COKE
COKE
MTB
MTB
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
Total Debt
COKE
COKE
MTB
MTB
Q4 25
$2.8B
$10.9B
Q3 25
$1.8B
$12.9B
Q2 25
$1.8B
$12.4B
Q1 25
$1.8B
$10.5B
Q4 24
$1.8B
$12.6B
Q3 24
$1.8B
$11.6B
Q2 24
$1.8B
$11.3B
Q1 24
$599.3M
$11.4B
Stockholders' Equity
COKE
COKE
MTB
MTB
Q4 25
$-739.7M
$29.2B
Q3 25
$1.6B
$28.7B
Q2 25
$1.6B
$28.5B
Q1 25
$1.5B
$29.0B
Q4 24
$1.4B
$29.0B
Q3 24
$1.3B
$28.9B
Q2 24
$1.2B
$28.4B
Q1 24
$1.6B
$27.2B
Total Assets
COKE
COKE
MTB
MTB
Q4 25
$4.3B
$213.5B
Q3 25
$5.7B
$211.3B
Q2 25
$5.5B
$211.6B
Q1 25
$5.4B
$210.3B
Q4 24
$5.3B
$208.1B
Q3 24
$5.3B
$211.8B
Q2 24
$5.7B
$208.9B
Q1 24
$4.3B
$215.1B
Debt / Equity
COKE
COKE
MTB
MTB
Q4 25
0.37×
Q3 25
1.09×
0.45×
Q2 25
1.10×
0.43×
Q1 25
1.19×
0.36×
Q4 24
1.26×
0.43×
Q3 24
1.39×
0.40×
Q2 24
1.49×
0.40×
Q1 24
0.37×
0.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COKE
COKE
MTB
MTB
Operating Cash FlowLast quarter
$209.0M
$3.0B
Free Cash FlowOCF − Capex
$106.7M
FCF MarginFCF / Revenue
5.6%
Capex IntensityCapex / Revenue
5.4%
Cash ConversionOCF / Net Profit
1.52×
3.96×
TTM Free Cash FlowTrailing 4 quarters
$619.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COKE
COKE
MTB
MTB
Q4 25
$209.0M
$3.0B
Q3 25
$316.7M
$1.0B
Q2 25
$208.1M
$844.0M
Q1 25
$198.2M
$635.0M
Q4 24
$168.5M
$3.6B
Q3 24
$270.8M
$-28.0M
Q2 24
$242.9M
$1.4B
Q1 24
$194.3M
$608.0M
Free Cash Flow
COKE
COKE
MTB
MTB
Q4 25
$106.7M
Q3 25
$264.1M
Q2 25
$148.5M
Q1 25
$100.3M
Q4 24
$84.8M
Q3 24
$142.8M
Q2 24
$160.5M
Q1 24
$117.2M
FCF Margin
COKE
COKE
MTB
MTB
Q4 25
5.6%
Q3 25
14.0%
Q2 25
8.0%
Q1 25
6.3%
Q4 24
4.9%
Q3 24
8.1%
Q2 24
8.9%
Q1 24
7.4%
Capex Intensity
COKE
COKE
MTB
MTB
Q4 25
5.4%
Q3 25
2.8%
Q2 25
3.2%
Q1 25
6.2%
Q4 24
4.8%
Q3 24
7.2%
Q2 24
4.6%
Q1 24
4.8%
Cash Conversion
COKE
COKE
MTB
MTB
Q4 25
1.52×
3.96×
Q3 25
2.22×
1.26×
Q2 25
1.11×
1.18×
Q1 25
1.91×
1.09×
Q4 24
0.94×
5.30×
Q3 24
2.34×
-0.04×
Q2 24
1.41×
2.07×
Q1 24
1.17×
1.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

COKE
COKE

Transferred At Point In Time$1.9B99%
Transferred Over Time$15.1M1%

MTB
MTB

Segment breakdown not available.

Related Comparisons