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Side-by-side financial comparison of Coca-Cola Company (The) (KO) and Mastercard (MA). Click either name above to swap in a different company.
Coca-Cola Company (The) is the larger business by last-quarter revenue ($11.8B vs $8.4B, roughly 1.4× Mastercard). Mastercard runs the higher net margin — 46.4% vs 19.2%, a 27.2% gap on every dollar of revenue. On growth, Mastercard posted the faster year-over-year revenue change (16.0% vs 2.4%). Over the past eight quarters, Mastercard's revenue compounded faster (9.9% CAGR vs 2.3%).
The Coca-Cola Company is an American multinational corporation founded in 1892 headquartered in Atlanta, Georgia. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is listed on the New York Stock Exchange and is a component of the DJIA and the S&P 500 and S&P 100 indices.
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
KO vs MA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $11.8B | $8.4B |
| Net Profit | $2.3B | $3.9B |
| Gross Margin | 60.0% | — |
| Operating Margin | 15.6% | 58.3% |
| Net Margin | 19.2% | 46.4% |
| Revenue YoY | 2.4% | 16.0% |
| Net Profit YoY | 3.5% | 18.0% |
| EPS (diluted) | $0.53 | $4.35 |
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.
| Q1 26 | — | $8.4B | ||
| Q4 25 | $11.8B | $8.8B | ||
| Q3 25 | $12.5B | $8.6B | ||
| Q2 25 | $12.5B | $8.1B | ||
| Q1 25 | $11.1B | $7.3B | ||
| Q4 24 | $11.5B | $7.5B | ||
| Q3 24 | $11.9B | $7.4B | ||
| Q2 24 | $12.4B | $7.0B |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $2.3B | $4.1B | ||
| Q3 25 | $3.7B | $3.9B | ||
| Q2 25 | $3.8B | $3.7B | ||
| Q1 25 | $3.3B | $3.3B | ||
| Q4 24 | $2.2B | $3.3B | ||
| Q3 24 | $2.8B | $3.3B | ||
| Q2 24 | $2.4B | $3.3B |
| Q1 26 | — | — | ||
| Q4 25 | 60.0% | — | ||
| Q3 25 | 61.5% | — | ||
| Q2 25 | 62.4% | — | ||
| Q1 25 | 62.6% | — | ||
| Q4 24 | 60.0% | — | ||
| Q3 24 | 60.7% | — | ||
| Q2 24 | 61.1% | — |
| Q1 26 | — | 58.3% | ||
| Q4 25 | 15.6% | 55.8% | ||
| Q3 25 | 32.0% | 58.8% | ||
| Q2 25 | 34.1% | 58.7% | ||
| Q1 25 | 32.9% | 57.2% | ||
| Q4 24 | 23.5% | 52.6% | ||
| Q3 24 | 21.2% | 54.3% | ||
| Q2 24 | 21.3% | 58.0% |
| Q1 26 | — | 46.4% | ||
| Q4 25 | 19.2% | 46.1% | ||
| Q3 25 | 29.7% | 45.7% | ||
| Q2 25 | 30.4% | 45.5% | ||
| Q1 25 | 29.9% | 45.2% | ||
| Q4 24 | 19.0% | 44.6% | ||
| Q3 24 | 24.0% | 44.3% | ||
| Q2 24 | 19.5% | 46.8% |
| Q1 26 | — | $4.35 | ||
| Q4 25 | $0.53 | $4.52 | ||
| Q3 25 | $0.86 | $4.34 | ||
| Q2 25 | $0.88 | $4.07 | ||
| Q1 25 | $0.77 | $3.59 | ||
| Q4 24 | $0.50 | $3.64 | ||
| Q3 24 | $0.66 | $3.53 | ||
| Q2 24 | $0.56 | $3.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.3B | $7.9B |
| Total DebtLower is stronger | $42.1B | $19.0B |
| Stockholders' EquityBook value | $32.2B | $6.7B |
| Total Assets | $104.8B | $52.4B |
| Debt / EquityLower = less leverage | 1.31× | 2.82× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.9B | ||
| Q4 25 | $10.3B | $10.6B | ||
| Q3 25 | $12.7B | $10.3B | ||
| Q2 25 | $9.6B | $9.0B | ||
| Q1 25 | $8.4B | $7.6B | ||
| Q4 24 | $10.8B | $8.4B | ||
| Q3 24 | $13.9B | $11.1B | ||
| Q2 24 | $13.7B | $7.0B |
| Q1 26 | — | $19.0B | ||
| Q4 25 | $42.1B | — | ||
| Q3 25 | $43.2B | — | ||
| Q2 25 | $45.0B | — | ||
| Q1 25 | $43.5B | — | ||
| Q4 24 | $42.4B | — | ||
| Q3 24 | $43.0B | — | ||
| Q2 24 | $38.1B | — |
| Q1 26 | — | $6.7B | ||
| Q4 25 | $32.2B | $7.7B | ||
| Q3 25 | $31.2B | $7.9B | ||
| Q2 25 | $28.6B | $7.9B | ||
| Q1 25 | $26.2B | $6.7B | ||
| Q4 24 | $24.9B | $6.5B | ||
| Q3 24 | $26.5B | $7.4B | ||
| Q2 24 | $25.9B | $7.4B |
| Q1 26 | — | $52.4B | ||
| Q4 25 | $104.8B | $54.2B | ||
| Q3 25 | $106.0B | $53.3B | ||
| Q2 25 | $104.3B | $51.4B | ||
| Q1 25 | $101.7B | $48.5B | ||
| Q4 24 | $100.5B | $48.1B | ||
| Q3 24 | $106.3B | $47.2B | ||
| Q2 24 | $101.2B | $42.3B |
| Q1 26 | — | 2.82× | ||
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.66× | — | ||
| Q4 24 | 1.70× | — | ||
| Q3 24 | 1.62× | — | ||
| Q2 24 | 1.47× | — |
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 | $3.8B | $3.0B |
| Free Cash FlowOCF − Capex | $2.9B | — |
| FCF MarginFCF / Revenue | 24.3% | — |
| Capex IntensityCapex / Revenue | 7.5% | — |
| Cash ConversionOCF / Net Profit | 1.65× | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.0B | ||
| Q4 25 | $3.8B | $5.0B | ||
| Q3 25 | $5.0B | $5.7B | ||
| Q2 25 | $3.8B | $4.6B | ||
| Q1 25 | $-5.2B | $2.4B | ||
| Q4 24 | $4.0B | $4.8B | ||
| Q3 24 | $-1.3B | $5.1B | ||
| Q2 24 | $3.6B | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $4.9B | ||
| Q3 25 | $4.6B | $5.5B | ||
| Q2 25 | $3.4B | $4.6B | ||
| Q1 25 | $-5.5B | $2.2B | ||
| Q4 24 | $3.1B | $4.7B | ||
| Q3 24 | $-1.7B | $5.0B | ||
| Q2 24 | $3.2B | $3.0B |
| Q1 26 | — | — | ||
| Q4 25 | 24.3% | 55.5% | ||
| Q3 25 | 36.6% | 63.8% | ||
| Q2 25 | 26.9% | 56.1% | ||
| Q1 25 | -49.5% | 30.6% | ||
| Q4 24 | 27.3% | 63.3% | ||
| Q3 24 | -14.6% | 68.2% | ||
| Q2 24 | 25.6% | 43.4% |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 1.3% | ||
| Q3 25 | 3.8% | 2.1% | ||
| Q2 25 | 3.5% | 0.5% | ||
| Q1 25 | 2.8% | 2.2% | ||
| Q4 24 | 7.0% | 1.3% | ||
| Q3 24 | 4.0% | 1.5% | ||
| Q2 24 | 3.4% | 1.7% |
| Q1 26 | — | 0.77× | ||
| Q4 25 | 1.65× | 1.23× | ||
| Q3 25 | 1.36× | 1.44× | ||
| Q2 25 | 1.00× | 1.24× | ||
| Q1 25 | -1.56× | 0.73× | ||
| Q4 24 | 1.80× | 1.45× | ||
| Q3 24 | -0.44× | 1.57× | ||
| Q2 24 | 1.49× | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KO
| Other | $7.0B | 59% |
| Finished Product Operations | $2.4B | 21% |
| Concentrate Operations | $2.4B | 20% |
MA
Segment breakdown not available.
