Coca-Cola Consolidated Inc. (COKE)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	834,451	828,823	802,493	716,116	641,047	555,303	502,404	475,972	439,171	445,671	412,484	374,741	313,378	259,323	209,325	193,421	180,754	154,030	144,588	97,053
Revenue (ttm)	US$ in thousands	6,651,060	6,579,910	6,488,480	6,339,070	6,170,570	5,996,950	5,823,780	5,660,430	5,522,980	5,411,440	5,281,550	5,074,860	4,975,920	4,876,230	4,816,840	4,860,470	4,788,840	4,746,460	4,685,230	4,643,570
Operating profit margin		12.55%	12.60%	12.37%	11.30%	10.39%	9.26%	8.63%	8.41%	7.95%	8.24%	7.81%	7.38%	6.30%	5.32%	4.35%	3.98%	3.77%	3.25%	3.09%	2.09%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $834,451K ÷ $6,651,060K
= 12.55%

Coca-Cola Consolidated Inc's operating profit margin has shown a consistent upward trend over the past eight quarters, increasing from 8.35% in Q1 2022 to 12.54% in Q4 2023. This improvement indicates the company's ability to effectively control its operating expenses while generating revenue. The company's operating efficiency has steadily improved, resulting in higher profitability. Overall, the increasing trend in operating profit margin reflects positively on Coca-Cola Consolidated Inc's financial performance and management of operational costs.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating profit margin

Coca-Cola Consolidated Inc.

COKE

12.55%

Celsius Holdings Inc

CELH

20.21%

Monster Beverage Corp

MNST

27.59%

National Beverage Corp

FIZZ

18.34%