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All stocks · Consumer Defensive · Soft Drinks & Non-alcoholic Beverages

Coca-Cola Consolidated COKE

Coca-Cola Consolidated scores good on business quality (7.0 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$196.24Oct 10, 2026
Business qualityGood
Next earningsNov 4, 2026
Insiders, 90 daysQuiet

Why it matters

  1. What Coca-Cola Consolidated does

    Coca-Cola Consolidated is the largest US bottler of Coca-Cola beverages, producing, marketing, and distributing non-alcoholic drinks under exclusive territory agreements. Consumers buy these products through retail and foodservice channels, generating $7.7 billion in revenue.

  2. What it does best

    Coca-Cola Consolidated dominates regional beverage distribution through deep territorial exclusivity granted by The Coca-Cola Company. It commands a 39.6% ROE, outperforming peers like KDP at 5.2%. This structural lock-in makes independent replication nearly impossible without multi-billion dollar bottling rights.

  3. The main risk

    Labor disputes threaten near-term fulfillment as Teamsters extend picket lines to additional Coca-Cola facilities, risking distribution bottlenecks across key volume corridors if strikes disrupt transport.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margin stands at 13.9% with a gross margin of 40.2%. Margins are stable as scale efficiencies offset input cost pressures. The business converts revenue to profit reliably as volume expands.

MoatStrong

Exclusive territorial bottling rights create an unassailable distribution moat locking out new entrants. Its 84th percentile ROE reflects this pricing power, which rivals cannot replicate without parent company consent.

GrowthSlow

Revenue grew 4.8% to $7.7 billion, showing steady multi-year expansion from $5.0 billion in 2020. This growth rate sits in the top quartile of its sector at the 64th percentile.

Financial healthStrong

Interest coverage exceeds 12,000x, making debt costs a non-issue. Free cash flow reached $644 million, supporting $2.6 billion in recent buybacks. The balance sheet is getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on COKE

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is COKE a good business?

Coca-Cola Consolidated scores good on the Cluenex quality check (7.0 of 10), measured against its own industry. Profitability is fair, moat strong, growth slow and financial health strong.

Are insiders buying COKE?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does COKE report earnings?

Nov 4, 2026.

For members

See COKE today

  • Today's verdict on COKE, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Coca-Cola Consolidated (COKE)”, https://cluenex.com/stocks/coke/, data as of Oct 10, 2026.