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Side-by-side financial comparison of Coca-Cola Company (The) (KO) and Netflix (NFLX). Click either name above to swap in a different company.
Netflix is the larger business by last-quarter revenue ($12.2B vs $11.8B, roughly 1.0× Coca-Cola Company (The)). Netflix runs the higher net margin — 43.1% vs 19.2%, a 23.9% gap on every dollar of revenue. On growth, Netflix posted the faster year-over-year revenue change (16.2% vs 2.4%). Netflix produced more free cash flow last quarter ($5.1B vs $2.9B). Over the past eight quarters, Netflix's revenue compounded faster (13.2% 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.
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
KO vs NFLX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $11.8B | $12.2B |
| Net Profit | $2.3B | $5.3B |
| Gross Margin | 60.0% | 51.9% |
| Operating Margin | 15.6% | 32.3% |
| Net Margin | 19.2% | 43.1% |
| Revenue YoY | 2.4% | 16.2% |
| Net Profit YoY | 3.5% | 82.8% |
| EPS (diluted) | $0.53 | $1.23 |
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 | — | $12.2B | ||
| Q4 25 | $11.8B | $12.1B | ||
| Q3 25 | $12.5B | $11.5B | ||
| Q2 25 | $12.5B | $11.1B | ||
| Q1 25 | $11.1B | $10.5B | ||
| Q4 24 | $11.5B | $10.2B | ||
| Q3 24 | $11.9B | $9.8B | ||
| Q2 24 | $12.4B | $9.6B |
| Q1 26 | — | $5.3B | ||
| Q4 25 | $2.3B | $2.4B | ||
| Q3 25 | $3.7B | $2.5B | ||
| Q2 25 | $3.8B | $3.1B | ||
| Q1 25 | $3.3B | $2.9B | ||
| Q4 24 | $2.2B | $1.9B | ||
| Q3 24 | $2.8B | $2.4B | ||
| Q2 24 | $2.4B | $2.1B |
| Q1 26 | — | 51.9% | ||
| Q4 25 | 60.0% | 45.9% | ||
| Q3 25 | 61.5% | 46.4% | ||
| Q2 25 | 62.4% | 51.9% | ||
| Q1 25 | 62.6% | 50.1% | ||
| Q4 24 | 60.0% | 43.7% | ||
| Q3 24 | 60.7% | 47.9% | ||
| Q2 24 | 61.1% | 45.9% |
| Q1 26 | — | 32.3% | ||
| Q4 25 | 15.6% | 24.5% | ||
| Q3 25 | 32.0% | 28.2% | ||
| Q2 25 | 34.1% | 34.1% | ||
| Q1 25 | 32.9% | 31.7% | ||
| Q4 24 | 23.5% | 22.2% | ||
| Q3 24 | 21.2% | 29.6% | ||
| Q2 24 | 21.3% | 27.2% |
| Q1 26 | — | 43.1% | ||
| Q4 25 | 19.2% | 20.1% | ||
| Q3 25 | 29.7% | 22.1% | ||
| Q2 25 | 30.4% | 28.2% | ||
| Q1 25 | 29.9% | 27.4% | ||
| Q4 24 | 19.0% | 18.2% | ||
| Q3 24 | 24.0% | 24.1% | ||
| Q2 24 | 19.5% | 22.5% |
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.53 | $-17.14 | ||
| Q3 25 | $0.86 | $5.87 | ||
| Q2 25 | $0.88 | $7.19 | ||
| Q1 25 | $0.77 | $0.66 | ||
| Q4 24 | $0.50 | $4.27 | ||
| Q3 24 | $0.66 | $5.40 | ||
| Q2 24 | $0.56 | $4.88 |
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 | $12.3B |
| Total DebtLower is stronger | $42.1B | $13.4B |
| Stockholders' EquityBook value | $32.2B | $31.1B |
| Total Assets | $104.8B | $61.0B |
| Debt / EquityLower = less leverage | 1.31× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.3B | ||
| Q4 25 | $10.3B | $9.1B | ||
| Q3 25 | $12.7B | $9.3B | ||
| Q2 25 | $9.6B | $8.4B | ||
| Q1 25 | $8.4B | $8.4B | ||
| Q4 24 | $10.8B | $9.6B | ||
| Q3 24 | $13.9B | $9.2B | ||
| Q2 24 | $13.7B | $6.7B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $42.1B | $13.5B | ||
| Q3 25 | $43.2B | $14.5B | ||
| Q2 25 | $45.0B | $14.5B | ||
| Q1 25 | $43.5B | $14.0B | ||
| Q4 24 | $42.4B | $13.8B | ||
| Q3 24 | $43.0B | $14.2B | ||
| Q2 24 | $38.1B | $12.2B |
| Q1 26 | — | $31.1B | ||
| Q4 25 | $32.2B | $26.6B | ||
| Q3 25 | $31.2B | $26.0B | ||
| Q2 25 | $28.6B | $25.0B | ||
| Q1 25 | $26.2B | $24.0B | ||
| Q4 24 | $24.9B | $24.7B | ||
| Q3 24 | $26.5B | $22.7B | ||
| Q2 24 | $25.9B | $22.1B |
| Q1 26 | — | $61.0B | ||
| Q4 25 | $104.8B | $55.6B | ||
| Q3 25 | $106.0B | $54.9B | ||
| Q2 25 | $104.3B | $53.1B | ||
| Q1 25 | $101.7B | $52.1B | ||
| Q4 24 | $100.5B | $53.6B | ||
| Q3 24 | $106.3B | $52.3B | ||
| Q2 24 | $101.2B | $49.1B |
| Q1 26 | — | 0.43× | ||
| Q4 25 | 1.31× | 0.51× | ||
| Q3 25 | 1.38× | 0.56× | ||
| Q2 25 | 1.57× | 0.58× | ||
| Q1 25 | 1.66× | 0.58× | ||
| Q4 24 | 1.70× | 0.56× | ||
| Q3 24 | 1.62× | 0.62× | ||
| Q2 24 | 1.47× | 0.55× |
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 | $5.3B |
| Free Cash FlowOCF − Capex | $2.9B | $5.1B |
| FCF MarginFCF / Revenue | 24.3% | 41.6% |
| Capex IntensityCapex / Revenue | 7.5% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.65× | 1.00× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | $11.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.3B | ||
| Q4 25 | $3.8B | $2.1B | ||
| Q3 25 | $5.0B | $2.8B | ||
| Q2 25 | $3.8B | $2.4B | ||
| Q1 25 | $-5.2B | $2.8B | ||
| Q4 24 | $4.0B | $1.5B | ||
| Q3 24 | $-1.3B | $2.3B | ||
| Q2 24 | $3.6B | $1.3B |
| Q1 26 | — | $5.1B | ||
| Q4 25 | $2.9B | $1.9B | ||
| Q3 25 | $4.6B | $2.7B | ||
| Q2 25 | $3.4B | $2.3B | ||
| Q1 25 | $-5.5B | $2.7B | ||
| Q4 24 | $3.1B | $1.4B | ||
| Q3 24 | $-1.7B | $2.2B | ||
| Q2 24 | $3.2B | $1.2B |
| Q1 26 | — | 41.6% | ||
| Q4 25 | 24.3% | 15.5% | ||
| Q3 25 | 36.6% | 23.1% | ||
| Q2 25 | 26.9% | 20.5% | ||
| Q1 25 | -49.5% | 25.2% | ||
| Q4 24 | 27.3% | 13.5% | ||
| Q3 24 | -14.6% | 22.3% | ||
| Q2 24 | 25.6% | 12.7% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | 7.5% | 2.0% | ||
| Q3 25 | 3.8% | 1.4% | ||
| Q2 25 | 3.5% | 1.4% | ||
| Q1 25 | 2.8% | 1.2% | ||
| Q4 24 | 7.0% | 1.5% | ||
| Q3 24 | 4.0% | 1.3% | ||
| Q2 24 | 3.4% | 0.8% |
| Q1 26 | — | 1.00× | ||
| Q4 25 | 1.65× | 0.87× | ||
| Q3 25 | 1.36× | 1.11× | ||
| Q2 25 | 1.00× | 0.78× | ||
| Q1 25 | -1.56× | 0.97× | ||
| Q4 24 | 1.80× | 0.82× | ||
| Q3 24 | -0.44× | 0.98× | ||
| Q2 24 | 1.49× | 0.60× |
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% |
NFLX
Segment breakdown not available.
