Common-Size Income Statement
Quarterly Data
Paying user area
Try for free
Coca-Cola Co. pages available for free this week:
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Analysis of Revenues
- Analysis of Debt
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Coca-Cola Co. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Coca-Cola Co., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2026-04-03), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-26), 10-Q (reporting date: 2025-06-27), 10-Q (reporting date: 2025-03-28), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-27), 10-Q (reporting date: 2024-06-28), 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02).
The analysis of the common-size income statement reveals a company maintaining strong gross margins, though it is subject to recurring seasonal volatility in operating expenses and non-recurring operating charges. Net profitability remains robust, generally fluctuating between 16% and 31% of net operating revenues.
- Gross Profitability and Cost of Sales
- Gross profit margins consistently range between 55% and 63%. Cost of goods sold shows a recurring upward trend during the fourth quarter of each year, peaking at 44.57% in December 2022 and 42.71% in December 2023. A subsequent improvement in cost efficiency is observed in the most recent periods, with gross profit margins returning to peaks of 62.96% by April 2026.
- Operating Expense Dynamics
- Selling, general and administrative expenses exhibit clear cyclicality, with a consistent spike every December, where costs frequently rise to between 33% and 35% of net operating revenues. Operating income is further destabilized by volatile other operating charges, which saw significant surges in June 2023 (11.18%), March 2024 (13.92%), and June 2024 (11.08%). Despite these fluctuations, operating income recovered to a strong range of 31% to 35% throughout much of 2025 and early 2026.
- Financial and Non-Operating Items
- Interest income as a percentage of net operating revenues has shown a steady increase, rising from approximately 0.7% in 2021 to peaks above 2.2% in 2024. Interest expense has remained relatively stable, generally fluctuating between 3% and 4% after 2021. Equity income provides a consistent positive contribution, typically ranging from 2.5% to 5.2% of revenues, which helps offset interest obligations.
- Net Income Trends
- Net income attributable to shareowners shows a period of volatility between 2022 and 2024, reaching a low of 16.82% in July 2022. However, a positive trajectory is evident in 2025 and early 2026, with margins expanding to a peak of 31.46% in April 2026. This improvement correlates with a reduction in other operating charges and an optimization of operating income margins.