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Side-by-side financial comparison of Coca-Cola Company (The) (KO) and Smurfit Westrock (SW). 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 $7.6B, roughly 1.6× Smurfit Westrock). Coca-Cola Company (The) runs the higher net margin — 19.2% vs 1.3%, a 17.9% gap on every dollar of revenue. On growth, Coca-Cola Company (The) posted the faster year-over-year revenue change (2.4% vs 0.5%). Coca-Cola Company (The) produced more free cash flow last quarter ($2.9B vs $612.0M). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% 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.
Smurfit Westrock plc is an Irish company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.
KO vs SW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.8B | $7.6B |
| Net Profit | $2.3B | $97.0M |
| Gross Margin | 60.0% | 18.2% |
| Operating Margin | 15.6% | 5.1% |
| Net Margin | 19.2% | 1.3% |
| Revenue YoY | 2.4% | 0.5% |
| Net Profit YoY | 3.5% | -33.6% |
| EPS (diluted) | $0.53 | $0.18 |
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 | $11.8B | $7.6B | ||
| Q3 25 | $12.5B | $8.0B | ||
| Q2 25 | $12.5B | $7.9B | ||
| Q1 25 | $11.1B | $7.7B | ||
| Q4 24 | $11.5B | $7.5B | ||
| Q3 24 | $11.9B | $7.7B | ||
| Q2 24 | $12.4B | $3.0B | ||
| Q1 24 | $11.3B | $2.9B |
| Q4 25 | $2.3B | $97.0M | ||
| Q3 25 | $3.7B | $246.0M | ||
| Q2 25 | $3.8B | $-28.0M | ||
| Q1 25 | $3.3B | $384.0M | ||
| Q4 24 | $2.2B | $146.0M | ||
| Q3 24 | $2.8B | $-150.0M | ||
| Q2 24 | $2.4B | $132.0M | ||
| Q1 24 | $3.2B | $191.0M |
| Q4 25 | 60.0% | 18.2% | ||
| Q3 25 | 61.5% | 19.6% | ||
| Q2 25 | 62.4% | 19.1% | ||
| Q1 25 | 62.6% | 20.6% | ||
| Q4 24 | 60.0% | 19.1% | ||
| Q3 24 | 60.7% | 17.6% | ||
| Q2 24 | 61.1% | 23.3% | ||
| Q1 24 | 62.5% | 24.2% |
| Q4 25 | 15.6% | 5.1% | ||
| Q3 25 | 32.0% | 6.6% | ||
| Q2 25 | 34.1% | 3.2% | ||
| Q1 25 | 32.9% | 7.2% | ||
| Q4 24 | 23.5% | 5.3% | ||
| Q3 24 | 21.2% | 0.7% | ||
| Q2 24 | 21.3% | 8.2% | ||
| Q1 24 | 18.9% | 10.5% |
| Q4 25 | 19.2% | 1.3% | ||
| Q3 25 | 29.7% | 3.1% | ||
| Q2 25 | 30.4% | -0.4% | ||
| Q1 25 | 29.9% | 5.0% | ||
| Q4 24 | 19.0% | 1.9% | ||
| Q3 24 | 24.0% | -2.0% | ||
| Q2 24 | 19.5% | 4.4% | ||
| Q1 24 | 28.1% | 6.5% |
| Q4 25 | $0.53 | $0.18 | ||
| Q3 25 | $0.86 | $0.47 | ||
| Q2 25 | $0.88 | $-0.05 | ||
| Q1 25 | $0.77 | $0.73 | ||
| Q4 24 | $0.50 | $-0.12 | ||
| Q3 24 | $0.66 | $-0.30 | ||
| Q2 24 | $0.56 | $0.51 | ||
| Q1 24 | $0.74 | $0.73 |
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 | $892.0M |
| Total DebtLower is stronger | $42.1B | $13.4B |
| Stockholders' EquityBook value | $32.2B | $18.3B |
| Total Assets | $104.8B | $45.2B |
| Debt / EquityLower = less leverage | 1.31× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3B | $892.0M | ||
| Q3 25 | $12.7B | $851.0M | ||
| Q2 25 | $9.6B | $778.0M | ||
| Q1 25 | $8.4B | $797.0M | ||
| Q4 24 | $10.8B | $855.0M | ||
| Q3 24 | $13.9B | — | ||
| Q2 24 | $13.7B | $26.8K | ||
| Q1 24 | $10.4B | $108 |
| Q4 25 | $42.1B | $13.4B | ||
| Q3 25 | $43.2B | $13.3B | ||
| Q2 25 | $45.0B | $13.3B | ||
| Q1 25 | $43.5B | $12.9B | ||
| Q4 24 | $42.4B | $12.5B | ||
| Q3 24 | $43.0B | $13.2B | ||
| Q2 24 | $38.1B | — | ||
| Q1 24 | $36.5B | — |
| Q4 25 | $32.2B | $18.3B | ||
| Q3 25 | $31.2B | $18.4B | ||
| Q2 25 | $28.6B | $18.3B | ||
| Q1 25 | $26.2B | $17.9B | ||
| Q4 24 | $24.9B | $17.4B | ||
| Q3 24 | $26.5B | $18.0B | ||
| Q2 24 | $25.9B | $14.5K | ||
| Q1 24 | $26.4B | $108 |
| Q4 25 | $104.8B | $45.2B | ||
| Q3 25 | $106.0B | $45.6B | ||
| Q2 25 | $104.3B | $45.7B | ||
| Q1 25 | $101.7B | $44.6B | ||
| Q4 24 | $100.5B | $43.8B | ||
| Q3 24 | $106.3B | $45.0B | ||
| Q2 24 | $101.2B | $26.8K | ||
| Q1 24 | $99.4B | $108 |
| Q4 25 | 1.31× | 0.73× | ||
| Q3 25 | 1.38× | 0.72× | ||
| Q2 25 | 1.57× | 0.73× | ||
| Q1 25 | 1.66× | 0.72× | ||
| Q4 24 | 1.70× | 0.72× | ||
| Q3 24 | 1.62× | 0.73× | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 1.38× | — |
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 | $1.2B |
| Free Cash FlowOCF − Capex | $2.9B | $612.0M |
| FCF MarginFCF / Revenue | 24.3% | 8.1% |
| Capex IntensityCapex / Revenue | 7.5% | 7.7% |
| Cash ConversionOCF / Net Profit | 1.65× | 12.32× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8B | $1.2B | ||
| Q3 25 | $5.0B | $1.1B | ||
| Q2 25 | $3.8B | $829.0M | ||
| Q1 25 | $-5.2B | $235.0M | ||
| Q4 24 | $4.0B | $781.0M | ||
| Q3 24 | $-1.3B | $320.0M | ||
| Q2 24 | $3.6B | $340.0M | ||
| Q1 24 | $528.0M | $42.0M |
| Q4 25 | $2.9B | $612.0M | ||
| Q3 25 | $4.6B | $523.0M | ||
| Q2 25 | $3.4B | $307.0M | ||
| Q1 25 | $-5.5B | $-242.0M | ||
| Q4 24 | $3.1B | $212.0M | ||
| Q3 24 | $-1.7B | $-192.0M | ||
| Q2 24 | $3.2B | $163.0M | ||
| Q1 24 | $158.0M | $-166.0M |
| Q4 25 | 24.3% | 8.1% | ||
| Q3 25 | 36.6% | 6.5% | ||
| Q2 25 | 26.9% | 3.9% | ||
| Q1 25 | -49.5% | -3.2% | ||
| Q4 24 | 27.3% | 2.8% | ||
| Q3 24 | -14.6% | -2.5% | ||
| Q2 24 | 25.6% | 5.5% | ||
| Q1 24 | 1.4% | -5.7% |
| Q4 25 | 7.5% | 7.7% | ||
| Q3 25 | 3.8% | 7.6% | ||
| Q2 25 | 3.5% | 6.6% | ||
| Q1 25 | 2.8% | 6.2% | ||
| Q4 24 | 7.0% | 7.5% | ||
| Q3 24 | 4.0% | 6.7% | ||
| Q2 24 | 3.4% | 6.0% | ||
| Q1 24 | 3.3% | 7.1% |
| Q4 25 | 1.65× | 12.32× | ||
| Q3 25 | 1.36× | 4.61× | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | -1.56× | 0.61× | ||
| Q4 24 | 1.80× | 5.35× | ||
| Q3 24 | -0.44× | — | ||
| Q2 24 | 1.49× | 2.58× | ||
| Q1 24 | 0.17× | 0.22× |
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% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
