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Side-by-side financial comparison of Coca-Cola Company (The) (KO) and Molson Coors Beverage Company (TAP). 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 $3.1B, roughly 3.8× Molson Coors Beverage Company). Coca-Cola Company (The) runs the higher net margin — 19.2% vs 7.6%, a 11.6% gap on every dollar of revenue. On growth, Coca-Cola Company (The) posted the faster year-over-year revenue change (2.4% vs -3.6%). Coca-Cola Company (The) produced more free cash flow last quarter ($2.9B vs $357.8M). Over the past eight quarters, Coca-Cola Company (The)'s revenue compounded faster (2.3% CAGR vs 1.2%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
KO vs TAP — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $11.8B | $3.1B |
| Net Profit | $2.3B | $238.3M |
| Gross Margin | 60.0% | 31.0% |
| Operating Margin | 15.6% | 10.4% |
| Net Margin | 19.2% | 7.6% |
| Revenue YoY | 2.4% | -3.6% |
| Net Profit YoY | 3.5% | -17.2% |
| EPS (diluted) | $0.53 | $1.32 |
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 | $3.1B | ||
| Q3 25 | $12.5B | $3.5B | ||
| Q2 25 | $12.5B | $3.7B | ||
| Q1 25 | $11.1B | $2.7B | ||
| Q4 24 | $11.5B | $3.2B | ||
| Q3 24 | $11.9B | $3.6B | ||
| Q2 24 | $12.4B | $3.8B | ||
| Q1 24 | $11.3B | $3.0B |
| Q4 25 | $2.3B | $238.3M | ||
| Q3 25 | $3.7B | $-2.9B | ||
| Q2 25 | $3.8B | $428.7M | ||
| Q1 25 | $3.3B | $121.0M | ||
| Q4 24 | $2.2B | $287.8M | ||
| Q3 24 | $2.8B | $199.8M | ||
| Q2 24 | $2.4B | $427.0M | ||
| Q1 24 | $3.2B | $207.8M |
| Q4 25 | 60.0% | 31.0% | ||
| Q3 25 | 61.5% | 33.7% | ||
| Q2 25 | 62.4% | 34.3% | ||
| Q1 25 | 62.6% | 31.6% | ||
| Q4 24 | 60.0% | 32.0% | ||
| Q3 24 | 60.7% | 33.4% | ||
| Q2 24 | 61.1% | 34.6% | ||
| Q1 24 | 62.5% | 31.6% |
| Q4 25 | 15.6% | 10.4% | ||
| Q3 25 | 32.0% | -98.5% | ||
| Q2 25 | 34.1% | 15.6% | ||
| Q1 25 | 32.9% | 6.9% | ||
| Q4 24 | 23.5% | 12.0% | ||
| Q3 24 | 21.2% | 12.5% | ||
| Q2 24 | 21.3% | 15.6% | ||
| Q1 24 | 18.9% | 10.3% |
| Q4 25 | 19.2% | 7.6% | ||
| Q3 25 | 29.7% | -84.0% | ||
| Q2 25 | 30.4% | 11.5% | ||
| Q1 25 | 29.9% | 4.5% | ||
| Q4 24 | 19.0% | 8.9% | ||
| Q3 24 | 24.0% | 5.5% | ||
| Q2 24 | 19.5% | 11.1% | ||
| Q1 24 | 28.1% | 6.8% |
| Q4 25 | $0.53 | $1.32 | ||
| Q3 25 | $0.86 | $-14.79 | ||
| Q2 25 | $0.88 | $2.13 | ||
| Q1 25 | $0.77 | $0.59 | ||
| Q4 24 | $0.50 | $1.39 | ||
| Q3 24 | $0.66 | $0.96 | ||
| Q2 24 | $0.56 | $2.03 | ||
| Q1 24 | $0.74 | $0.97 |
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 | $896.5M |
| Total DebtLower is stronger | $42.1B | $6.3B |
| Stockholders' EquityBook value | $32.2B | $10.2B |
| Total Assets | $104.8B | $22.7B |
| Debt / EquityLower = less leverage | 1.31× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3B | $896.5M | ||
| Q3 25 | $12.7B | $950.2M | ||
| Q2 25 | $9.6B | $613.8M | ||
| Q1 25 | $8.4B | $412.7M | ||
| Q4 24 | $10.8B | $969.3M | ||
| Q3 24 | $13.9B | $1.0B | ||
| Q2 24 | $13.7B | $1.6B | ||
| Q1 24 | $10.4B | $458.4M |
| Q4 25 | $42.1B | $6.3B | ||
| Q3 25 | $43.2B | $6.3B | ||
| Q2 25 | $45.0B | $6.3B | ||
| Q1 25 | $43.5B | $6.2B | ||
| Q4 24 | $42.4B | $6.1B | ||
| Q3 24 | $43.0B | $6.2B | ||
| Q2 24 | $38.1B | $7.0B | ||
| Q1 24 | $36.5B | $6.2B |
| Q4 25 | $32.2B | $10.2B | ||
| Q3 25 | $31.2B | $10.3B | ||
| Q2 25 | $28.6B | $13.4B | ||
| Q1 25 | $26.2B | $13.1B | ||
| Q4 24 | $24.9B | $13.1B | ||
| Q3 24 | $26.5B | $13.3B | ||
| Q2 24 | $25.9B | $13.2B | ||
| Q1 24 | $26.4B | $13.1B |
| Q4 25 | $104.8B | $22.7B | ||
| Q3 25 | $106.0B | $22.9B | ||
| Q2 25 | $104.3B | $26.8B | ||
| Q1 25 | $101.7B | $25.9B | ||
| Q4 24 | $100.5B | $26.1B | ||
| Q3 24 | $106.3B | $26.6B | ||
| Q2 24 | $101.2B | $27.4B | ||
| Q1 24 | $99.4B | $26.1B |
| Q4 25 | 1.31× | 0.61× | ||
| Q3 25 | 1.38× | 0.61× | ||
| Q2 25 | 1.57× | 0.47× | ||
| Q1 25 | 1.66× | 0.47× | ||
| Q4 24 | 1.70× | 0.47× | ||
| Q3 24 | 1.62× | 0.47× | ||
| Q2 24 | 1.47× | 0.53× | ||
| Q1 24 | 1.38× | 0.47× |
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 | $540.7M |
| Free Cash FlowOCF − Capex | $2.9B | $357.8M |
| FCF MarginFCF / Revenue | 24.3% | 11.4% |
| Capex IntensityCapex / Revenue | 7.5% | 5.9% |
| Cash ConversionOCF / Net Profit | 1.65× | 2.27× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8B | $540.7M | ||
| Q3 25 | $5.0B | $616.1M | ||
| Q2 25 | $3.8B | $718.3M | ||
| Q1 25 | $-5.2B | $-90.7M | ||
| Q4 24 | $4.0B | $494.5M | ||
| Q3 24 | $-1.3B | $521.2M | ||
| Q2 24 | $3.6B | $869.2M | ||
| Q1 24 | $528.0M | $25.4M |
| Q4 25 | $2.9B | $357.8M | ||
| Q3 25 | $4.6B | $483.0M | ||
| Q2 25 | $3.4B | $555.0M | ||
| Q1 25 | $-5.5B | $-328.0M | ||
| Q4 24 | $3.1B | $383.4M | ||
| Q3 24 | $-1.7B | $350.4M | ||
| Q2 24 | $3.2B | $691.7M | ||
| Q1 24 | $158.0M | $-189.3M |
| Q4 25 | 24.3% | 11.4% | ||
| Q3 25 | 36.6% | 13.9% | ||
| Q2 25 | 26.9% | 14.8% | ||
| Q1 25 | -49.5% | -12.2% | ||
| Q4 24 | 27.3% | 11.8% | ||
| Q3 24 | -14.6% | 9.7% | ||
| Q2 24 | 25.6% | 18.0% | ||
| Q1 24 | 1.4% | -6.2% |
| Q4 25 | 7.5% | 5.9% | ||
| Q3 25 | 3.8% | 3.8% | ||
| Q2 25 | 3.5% | 4.4% | ||
| Q1 25 | 2.8% | 8.8% | ||
| Q4 24 | 7.0% | 3.4% | ||
| Q3 24 | 4.0% | 4.7% | ||
| Q2 24 | 3.4% | 4.6% | ||
| Q1 24 | 3.3% | 7.0% |
| Q4 25 | 1.65× | 2.27× | ||
| Q3 25 | 1.36× | — | ||
| Q2 25 | 1.00× | 1.68× | ||
| Q1 25 | -1.56× | -0.75× | ||
| Q4 24 | 1.80× | 1.72× | ||
| Q3 24 | -0.44× | 2.61× | ||
| Q2 24 | 1.49× | 2.04× | ||
| Q1 24 | 0.17× | 0.12× |
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% |
TAP
Segment breakdown not available.
