Coca-Cola Consolidated Inc. (COKE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 408,375 | 430,158 | 189,580 | 172,493 | 11,375 |
| Revenue | US$ in thousands | 6,644,960 | 6,166,200 | 5,518,710 | 4,951,170 | 4,774,060 |
| Net profit margin | 6.15% | 6.98% | 3.44% | 3.48% | 0.24% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $408,375K ÷ $6,644,960K
= 6.15%
Coca-Cola Consolidated Inc's net profit margin has exhibited variability over the past five years. In 2023, the net profit margin stood at 6.14%, representing a decrease from the previous year's figure of 6.94%. Despite this decline, the company's profitability remains relatively healthy compared to earlier periods. In 2021, the net profit margin was 3.41%, which marked an improvement from 2020's margin of 3.44%. The most significant change occurred between 2019 and 2020 when the net profit margin surged from 0.24% to 3.44%. Overall, while there have been fluctuations in net profit margin, Coca-Cola Consolidated Inc has shown the ability to generate profits efficiently over the years.
Peer comparison
Dec 31, 2023