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Side-by-side financial comparison of Coca-Cola Consolidated, Inc. (COKE) and REED'S, INC. (REED). Click either name above to swap in a different company.
Coca-Cola Consolidated, Inc. is the larger business by last-quarter revenue ($1.9B vs $7.5M, roughly 254.6× REED'S, INC.). Coca-Cola Consolidated, Inc. runs the higher net margin — 7.2% vs -50.5%, a 57.8% gap on every dollar of revenue. On growth, Coca-Cola Consolidated, Inc. posted the faster year-over-year revenue change (9.0% vs -23.1%). Coca-Cola Consolidated, Inc. produced more free cash flow last quarter ($106.7M vs $-3.9M). Over the past eight quarters, Coca-Cola Consolidated, Inc.'s revenue compounded faster (9.4% CAGR vs -11.7%).
Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.
COKE vs REED — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $7.5M |
| Net Profit | $137.3M | $-3.8M |
| Gross Margin | 39.6% | 20.4% |
| Operating Margin | 12.7% | -46.9% |
| Net Margin | 7.2% | -50.5% |
| Revenue YoY | 9.0% | -23.1% |
| Net Profit YoY | -23.3% | 8.2% |
| EPS (diluted) | — | $-1.26 |
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 | $1.9B | $7.5M | ||
| Q3 25 | $1.9B | $7.0M | ||
| Q2 25 | $1.9B | $9.5M | ||
| Q1 25 | $1.6B | $10.0M | ||
| Q4 24 | $1.7B | $9.7M | ||
| Q3 24 | $1.8B | $6.8M | ||
| Q2 24 | $1.8B | $11.9M | ||
| Q1 24 | $1.6B | $9.6M |
| Q4 25 | $137.3M | $-3.8M | ||
| Q3 25 | $142.3M | $-4.0M | ||
| Q2 25 | $187.4M | $-6.0M | ||
| Q1 25 | $103.6M | $-2.0M | ||
| Q4 24 | $178.9M | $-4.1M | ||
| Q3 24 | $115.6M | $-4.2M | ||
| Q2 24 | $172.8M | $-3.2M | ||
| Q1 24 | $165.7M | $-1.7M |
| Q4 25 | 39.6% | 20.4% | ||
| Q3 25 | 39.6% | 17.4% | ||
| Q2 25 | 40.0% | 8.5% | ||
| Q1 25 | 39.7% | 33.9% | ||
| Q4 24 | 40.0% | 30.0% | ||
| Q3 24 | 39.5% | 18.0% | ||
| Q2 24 | 39.9% | 32.3% | ||
| Q1 24 | 40.2% | 35.6% |
| Q4 25 | 12.7% | -46.9% | ||
| Q3 25 | 13.1% | -58.3% | ||
| Q2 25 | 14.7% | -60.8% | ||
| Q1 25 | 12.0% | -17.4% | ||
| Q4 24 | 12.5% | -37.6% | ||
| Q3 24 | 12.9% | -46.5% | ||
| Q2 24 | 14.4% | -5.6% | ||
| Q1 24 | 13.5% | -6.8% |
| Q4 25 | 7.2% | -50.5% | ||
| Q3 25 | 7.5% | -56.6% | ||
| Q2 25 | 10.1% | -63.5% | ||
| Q1 25 | 6.6% | -20.3% | ||
| Q4 24 | 10.2% | -42.3% | ||
| Q3 24 | 6.5% | -61.5% | ||
| Q2 24 | 9.6% | -27.1% | ||
| Q1 24 | 10.4% | -17.4% |
| Q4 25 | — | $-1.26 | ||
| Q3 25 | — | $-0.48 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $-3.73 | ||
| Q3 24 | — | $-4.91 | ||
| Q2 24 | — | $-0.77 | ||
| Q1 24 | — | $-0.40 |
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 | $2.8B | — |
| Stockholders' EquityBook value | $-739.7M | $9.2M |
| Total Assets | $4.3B | $23.3M |
| Debt / EquityLower = less leverage | — | — |
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 | $2.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $599.3M | — |
| Q4 25 | $-739.7M | $9.2M | ||
| Q3 25 | $1.6B | $2.8M | ||
| Q2 25 | $1.6B | $1.7M | ||
| Q1 25 | $1.5B | $4.7M | ||
| Q4 24 | $1.4B | $6.6M | ||
| Q3 24 | $1.3B | $-22.0M | ||
| Q2 24 | $1.2B | $-23.8M | ||
| Q1 24 | $1.6B | $-20.7M |
| Q4 25 | $4.3B | $23.3M | ||
| Q3 25 | $5.7B | $19.9M | ||
| Q2 25 | $5.5B | $23.7M | ||
| Q1 25 | $5.4B | $24.5M | ||
| Q4 24 | $5.3B | $25.1M | ||
| Q3 24 | $5.3B | $15.0M | ||
| Q2 24 | $5.7B | $18.7M | ||
| Q1 24 | $4.3B | $19.3M |
| Q4 25 | — | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 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 | $209.0M | $-3.8M |
| Free Cash FlowOCF − Capex | $106.7M | $-3.9M |
| FCF MarginFCF / Revenue | 5.6% | -52.0% |
| Capex IntensityCapex / Revenue | 5.4% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $619.6M | $-17.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $209.0M | $-3.8M | ||
| Q3 25 | $316.7M | $-2.8M | ||
| Q2 25 | $208.1M | $-5.0M | ||
| Q1 25 | $198.2M | $-5.4M | ||
| Q4 24 | $168.5M | $-3.9M | ||
| Q3 24 | $270.8M | $1.1M | ||
| Q2 24 | $242.9M | $-912.0K | ||
| Q1 24 | $194.3M | $-2.4M |
| Q4 25 | $106.7M | $-3.9M | ||
| Q3 25 | $264.1M | $-2.9M | ||
| Q2 25 | $148.5M | $-5.1M | ||
| Q1 25 | $100.3M | $-5.4M | ||
| Q4 24 | $84.8M | $-4.0M | ||
| Q3 24 | $142.8M | $1.0M | ||
| Q2 24 | $160.5M | $-924.0K | ||
| Q1 24 | $117.2M | $-2.4M |
| Q4 25 | 5.6% | -52.0% | ||
| Q3 25 | 14.0% | -41.5% | ||
| Q2 25 | 8.0% | -53.2% | ||
| Q1 25 | 6.3% | -54.2% | ||
| Q4 24 | 4.9% | -40.8% | ||
| Q3 24 | 8.1% | 15.3% | ||
| Q2 24 | 8.9% | -7.8% | ||
| Q1 24 | 7.4% | -25.1% |
| Q4 25 | 5.4% | 1.1% | ||
| Q3 25 | 2.8% | 1.4% | ||
| Q2 25 | 3.2% | 0.2% | ||
| Q1 25 | 6.2% | 0.7% | ||
| Q4 24 | 4.8% | 1.0% | ||
| Q3 24 | 7.2% | 0.3% | ||
| Q2 24 | 4.6% | 0.1% | ||
| Q1 24 | 4.8% | 0.2% |
| Q4 25 | 1.52× | — | ||
| Q3 25 | 2.22× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 2.34× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.17× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
COKE
| Transferred At Point In Time | $1.9B | 99% |
| Transferred Over Time | $15.1M | 1% |
REED
Segment breakdown not available.
