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Side-by-side financial comparison of Coca-Cola Consolidated, Inc. (COKE) and Zevia PBC (ZVIA). 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 $37.9M, roughly 50.3× Zevia PBC). Coca-Cola Consolidated, Inc. runs the higher net margin — 7.2% vs -3.4%, a 10.6% gap on every dollar of revenue. On growth, Coca-Cola Consolidated, Inc. posted the faster year-over-year revenue change (9.0% vs -4.0%). Over the past eight quarters, Coca-Cola Consolidated, Inc.'s revenue compounded faster (9.4% CAGR vs -1.2%).
Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.
Zevia is a Los Angeles based company that produces soft drinks, organic tea, energy drinks, and mixers sweetened with stevia. All Zevia products are zero-calorie, sugar-free, gluten free, vegan, certified kosher, and certified by The Non-GMO Project. In June 2021, Zevia filed to go public with an IPO.
COKE vs ZVIA — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $37.9M |
| Net Profit | $137.3M | $-1.3M |
| Gross Margin | 39.6% | 47.7% |
| Operating Margin | 12.7% | -4.0% |
| Net Margin | 7.2% | -3.4% |
| Revenue YoY | 9.0% | -4.0% |
| Net Profit YoY | -23.3% | 80.9% |
| EPS (diluted) | — | $-0.02 |
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 | $37.9M | ||
| Q3 25 | $1.9B | $40.8M | ||
| Q2 25 | $1.9B | $44.5M | ||
| Q1 25 | $1.6B | $38.0M | ||
| Q4 24 | $1.7B | $39.5M | ||
| Q3 24 | $1.8B | $36.4M | ||
| Q2 24 | $1.8B | $40.4M | ||
| Q1 24 | $1.6B | $38.8M |
| Q4 25 | $137.3M | $-1.3M | ||
| Q3 25 | $142.3M | $-2.7M | ||
| Q2 25 | $187.4M | $-651.0K | ||
| Q1 25 | $103.6M | $-6.4M | ||
| Q4 24 | $178.9M | $-6.8M | ||
| Q3 24 | $115.6M | $-2.5M | ||
| Q2 24 | $172.8M | $-7.0M | ||
| Q1 24 | $165.7M | $-7.2M |
| Q4 25 | 39.6% | 47.7% | ||
| Q3 25 | 39.6% | 45.6% | ||
| Q2 25 | 40.0% | 48.7% | ||
| Q1 25 | 39.7% | 50.1% | ||
| Q4 24 | 40.0% | 49.2% | ||
| Q3 24 | 39.5% | 49.1% | ||
| Q2 24 | 39.9% | 41.9% | ||
| Q1 24 | 40.2% | 45.7% |
| Q4 25 | 12.7% | -4.0% | ||
| Q3 25 | 13.1% | -7.0% | ||
| Q2 25 | 14.7% | -2.3% | ||
| Q1 25 | 12.0% | -16.8% | ||
| Q4 24 | 12.5% | -16.1% | ||
| Q3 24 | 12.9% | -8.2% | ||
| Q2 24 | 14.4% | -17.5% | ||
| Q1 24 | 13.5% | -18.8% |
| Q4 25 | 7.2% | -3.4% | ||
| Q3 25 | 7.5% | -6.6% | ||
| Q2 25 | 10.1% | -1.5% | ||
| Q1 25 | 6.6% | -16.8% | ||
| Q4 24 | 10.2% | -17.2% | ||
| Q3 24 | 6.5% | -6.9% | ||
| Q2 24 | 9.6% | -17.2% | ||
| Q1 24 | 10.4% | -18.6% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | — | $-0.04 | ||
| Q2 25 | — | $-0.01 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $-0.10 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.10 | ||
| Q1 24 | — | $-0.10 |
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 | $25.4M |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $-739.7M | $51.0M |
| Total Assets | $4.3B | $63.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $281.9M | $25.4M | ||
| Q3 25 | $1.5B | $26.0M | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | $30.7M | ||
| 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 | $51.0M | ||
| Q3 25 | $1.6B | $51.3M | ||
| Q2 25 | $1.6B | $53.0M | ||
| Q1 25 | $1.5B | $53.7M | ||
| Q4 24 | $1.4B | $64.9M | ||
| Q3 24 | $1.3B | $72.5M | ||
| Q2 24 | $1.2B | $75.0M | ||
| Q1 24 | $1.6B | $80.3M |
| Q4 25 | $4.3B | $63.6M | ||
| Q3 25 | $5.7B | $60.0M | ||
| Q2 25 | $5.5B | $62.5M | ||
| Q1 25 | $5.4B | $62.0M | ||
| Q4 24 | $5.3B | $68.0M | ||
| Q3 24 | $5.3B | $72.9M | ||
| Q2 24 | $5.7B | $72.8M | ||
| Q1 24 | $4.3B | $85.1M |
| 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 | $-507.0K |
| Free Cash FlowOCF − Capex | $106.7M | — |
| FCF MarginFCF / Revenue | 5.6% | — |
| Capex IntensityCapex / Revenue | 5.4% | — |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $619.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $209.0M | $-507.0K | ||
| Q3 25 | $316.7M | $116.0K | ||
| Q2 25 | $208.1M | $-1.4M | ||
| Q1 25 | $198.2M | $-2.9M | ||
| Q4 24 | $168.5M | $-2.0M | ||
| Q3 24 | $270.8M | $3.9M | ||
| Q2 24 | $242.9M | $282.0K | ||
| Q1 24 | $194.3M | $-3.2M |
| 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 | — |
| 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% | — |
| 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% | — |
| 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% |
ZVIA
Segment breakdown not available.
