The Coca-Cola Company (KO)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	28,737,000	28,021,000	28,127,000	27,636,000	27,234,000	26,631,000	25,832,000	25,267,000	25,004,000	24,768,000	24,336,000	24,183,000	23,298,000	22,955,000	22,071,000	25,096,000	24,811,000	25,280,000	25,839,000	22,548,000
Revenue (ttm)	US$ in thousands	47,061,000	46,366,000	46,465,000	46,074,000	45,754,000	45,030,000	44,140,000	43,493,000	43,004,000	42,343,000	41,322,000	40,126,000	38,655,000	37,802,000	36,412,000	42,034,000	41,615,000	42,072,000	42,927,000	37,173,000
Gross profit margin		61.06%	60.43%	60.53%	59.98%	59.52%	59.14%	58.52%	58.09%	58.14%	58.49%	58.89%	60.27%	60.27%	60.72%	60.61%	59.70%	59.62%	60.09%	60.19%	60.66%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $28,737,000K ÷ $47,061,000K
= 61.06%

The gross profit margin of The Coca-Cola Company has exhibited fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The margin started at a robust 60.66% in March 2020, trended slightly downward to 58.89% in June 2022, and then began to recover gradually. We observed a significant increase in the gross profit margin to 61.06% by December 31, 2024.

Overall, the company has managed to maintain a relatively strong gross profit margin throughout the period, indicating its ability to efficiently generate sales revenue after accounting for the direct costs of goods sold. The fluctuations in the margin may reflect shifts in pricing strategies, input costs, or production efficiencies. Further analysis could provide insights into the specific factors influencing these fluctuations and their implications for the company's profitability and operational performance.