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Side-by-side financial comparison of Coca-Cola Company (The) (KO) and United Parcel Service (UPS). Click either name above to swap in a different company.
United Parcel Service is the larger business by last-quarter revenue ($21.2B vs $11.8B, roughly 1.8× Coca-Cola Company (The)). Coca-Cola Company (The) runs the higher net margin — 19.2% vs 4.1%, a 15.1% gap on every dollar of revenue. On growth, Coca-Cola Company (The) posted the faster year-over-year revenue change (2.4% vs -1.6%). Coca-Cola Company (The) produced more free cash flow last quarter ($2.9B vs $1.3B). Over the past eight quarters, Coca-Cola Company (The)'s revenue compounded faster (2.3% CAGR vs -1.4%).
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.
United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company and one of the world's largest shipping couriers. UPS today is primarily known for its ground shipping services as well as the UPS Store, a retail chain which assists UPS shipments and provides tools for small businesses.
KO vs UPS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $11.8B | $21.2B |
| Net Profit | $2.3B | $864.0M |
| Gross Margin | 60.0% | — |
| Operating Margin | 15.6% | — |
| Net Margin | 19.2% | 4.1% |
| Revenue YoY | 2.4% | -1.6% |
| Net Profit YoY | 3.5% | -27.2% |
| EPS (diluted) | $0.53 | $1.02 |
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.
| Q1 26 | — | $21.2B | ||
| Q4 25 | $11.8B | $24.5B | ||
| Q3 25 | $12.5B | $21.4B | ||
| Q2 25 | $12.5B | $21.2B | ||
| Q1 25 | $11.1B | $21.5B | ||
| Q4 24 | $11.5B | $25.3B | ||
| Q3 24 | $11.9B | $22.2B | ||
| Q2 24 | $12.4B | $21.8B |
| Q1 26 | — | $864.0M | ||
| Q4 25 | $2.3B | $1.8B | ||
| Q3 25 | $3.7B | $1.3B | ||
| Q2 25 | $3.8B | $1.3B | ||
| Q1 25 | $3.3B | $1.2B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.4B | $1.4B |
| 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 | — | — | ||
| Q4 25 | 15.6% | 10.5% | ||
| Q3 25 | 32.0% | 8.4% | ||
| Q2 25 | 34.1% | 8.6% | ||
| Q1 25 | 32.9% | 7.7% | ||
| Q4 24 | 23.5% | 11.6% | ||
| Q3 24 | 21.2% | 8.9% | ||
| Q2 24 | 21.3% | 8.9% |
| Q1 26 | — | 4.1% | ||
| Q4 25 | 19.2% | 7.3% | ||
| Q3 25 | 29.7% | 6.1% | ||
| Q2 25 | 30.4% | 6.0% | ||
| Q1 25 | 29.9% | 5.5% | ||
| Q4 24 | 19.0% | 6.8% | ||
| Q3 24 | 24.0% | 6.9% | ||
| Q2 24 | 19.5% | 6.5% |
| Q1 26 | — | $1.02 | ||
| Q4 25 | $0.53 | $2.10 | ||
| Q3 25 | $0.86 | $1.55 | ||
| Q2 25 | $0.88 | $1.51 | ||
| Q1 25 | $0.77 | $1.40 | ||
| Q4 24 | $0.50 | $2.00 | ||
| Q3 24 | $0.66 | $1.80 | ||
| Q2 24 | $0.56 | $1.65 |
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 | $5.8B |
| Total DebtLower is stronger | $42.1B | $23.7B |
| Stockholders' EquityBook value | $32.2B | — |
| Total Assets | $104.8B | $71.8B |
| Debt / EquityLower = less leverage | 1.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8B | ||
| Q4 25 | $10.3B | $5.9B | ||
| Q3 25 | $12.7B | $6.8B | ||
| Q2 25 | $9.6B | $6.3B | ||
| Q1 25 | $8.4B | $5.1B | ||
| Q4 24 | $10.8B | $6.3B | ||
| Q3 24 | $13.9B | $6.1B | ||
| Q2 24 | $13.7B | $6.5B |
| Q1 26 | — | $23.7B | ||
| Q4 25 | $42.1B | $23.5B | ||
| Q3 25 | $43.2B | $23.9B | ||
| Q2 25 | $45.0B | $23.8B | ||
| Q1 25 | $43.5B | $19.5B | ||
| Q4 24 | $42.4B | $19.4B | ||
| Q3 24 | $43.0B | $20.3B | ||
| Q2 24 | $38.1B | $20.2B |
| Q1 26 | — | — | ||
| Q4 25 | $32.2B | $16.2B | ||
| Q3 25 | $31.2B | $15.8B | ||
| Q2 25 | $28.6B | $15.8B | ||
| Q1 25 | $26.2B | $15.7B | ||
| Q4 24 | $24.9B | $16.7B | ||
| Q3 24 | $26.5B | $16.9B | ||
| Q2 24 | $25.9B | $17.0B |
| Q1 26 | — | $71.8B | ||
| Q4 25 | $104.8B | $73.1B | ||
| Q3 25 | $106.0B | $71.4B | ||
| Q2 25 | $104.3B | $70.9B | ||
| Q1 25 | $101.7B | $68.5B | ||
| Q4 24 | $100.5B | $70.1B | ||
| Q3 24 | $106.3B | $68.3B | ||
| Q2 24 | $101.2B | $69.4B |
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | 1.45× | ||
| Q3 25 | 1.38× | 1.51× | ||
| Q2 25 | 1.57× | 1.51× | ||
| Q1 25 | 1.66× | 1.25× | ||
| Q4 24 | 1.70× | 1.16× | ||
| Q3 24 | 1.62× | 1.21× | ||
| Q2 24 | 1.47× | 1.19× |
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 | — |
| Free Cash FlowOCF − Capex | $2.9B | $1.3B |
| FCF MarginFCF / Revenue | 24.3% | 6.0% |
| Capex IntensityCapex / Revenue | 7.5% | 4.9% |
| Cash ConversionOCF / Net Profit | 1.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | $4.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $3.3B | ||
| Q3 25 | $5.0B | $2.5B | ||
| Q2 25 | $3.8B | $348.0M | ||
| Q1 25 | $-5.2B | $2.3B | ||
| Q4 24 | $4.0B | $3.3B | ||
| Q3 24 | $-1.3B | $1.5B | ||
| Q2 24 | $3.6B | $2.0B |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $2.9B | $2.6B | ||
| Q3 25 | $4.6B | $1.5B | ||
| Q2 25 | $3.4B | $-775.0M | ||
| Q1 25 | $-5.5B | $1.4B | ||
| Q4 24 | $3.1B | $2.2B | ||
| Q3 24 | $-1.7B | $655.0M | ||
| Q2 24 | $3.2B | $1.1B |
| Q1 26 | — | 6.0% | ||
| Q4 25 | 24.3% | 10.6% | ||
| Q3 25 | 36.6% | 7.1% | ||
| Q2 25 | 26.9% | -3.7% | ||
| Q1 25 | -49.5% | 6.7% | ||
| Q4 24 | 27.3% | 8.8% | ||
| Q3 24 | -14.6% | 2.9% | ||
| Q2 24 | 25.6% | 4.9% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 7.5% | 2.9% | ||
| Q3 25 | 3.8% | 4.5% | ||
| Q2 25 | 3.5% | 5.3% | ||
| Q1 25 | 2.8% | 4.1% | ||
| Q4 24 | 7.0% | 4.3% | ||
| Q3 24 | 4.0% | 3.8% | ||
| Q2 24 | 3.4% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 1.84× | ||
| Q3 25 | 1.36× | 1.89× | ||
| Q2 25 | 1.00× | 0.27× | ||
| Q1 25 | -1.56× | 1.95× | ||
| Q4 24 | 1.80× | 1.93× | ||
| Q3 24 | -0.44× | 0.97× | ||
| Q2 24 | 1.49× | 1.41× |
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% |
UPS
| U.S. Domestic Package | $14.1B | 67% |
| International Package | $4.5B | 21% |
| Supply Chain Solutions | $2.5B | 12% |
