The Coca-Cola Company (KO)

Operating 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
Operating income (ttm)	US$ in thousands	9,992,000	9,556,000	10,316,000	10,085,000	11,311,000	11,113,000	10,931,000	11,889,000	11,927,000	11,524,000	11,334,000	10,991,000	10,308,000	10,974,000	10,374,000	11,719,000	11,377,000	11,203,000	11,404,000	10,031,000
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
Operating profit margin		21.23%	20.61%	22.20%	21.89%	24.72%	24.68%	24.76%	27.34%	27.73%	27.22%	27.43%	27.39%	26.67%	29.03%	28.49%	27.88%	27.34%	26.63%	26.57%	26.98%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $9,992,000K ÷ $47,061,000K
= 21.23%

The operating profit margin of The Coca-Cola Company has shown some fluctuations over the past few years. It started at a relatively high level of around 26-28% between March 2020 and December 2021. There was a peak in September 2021 at 29.03%, which was followed by a slight decrease in the following periods.

From March 2022 to June 2023, the operating profit margin remained relatively stable around 27-28%. However, a noticeable decrease was observed in the second half of 2023, with margins falling to around 24-25%. By December 2024, the operating profit margin further decreased to around 20-22%.

Overall, the operating profit margin of The Coca-Cola Company experienced fluctuations over the analyzed period, with highs and lows indicating varying levels of profitability. It is essential for the company to monitor and manage its operating costs and revenue generation effectively to maintain healthy profit margins in the future.