The Coca-Cola Company (KO)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	12,963,000	11,657,000	12,392,000	9,728,000	10,721,000
Revenue	US$ in thousands	45,754,000	43,004,000	38,655,000	33,014,000	37,266,000
Pretax margin		28.33%	27.11%	32.06%	29.47%	28.77%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $12,963,000K ÷ $45,754,000K
= 28.33%

The pretax margin of Coca-Cola Co has varied over the past five years. In 2023, the pretax margin increased to 28.31% from 27.17% in 2022, indicating an improvement in the company's ability to generate profits before taxes relative to its revenue. However, this margin was lower than the 32.14% recorded in 2021. Despite this fluctuation, the company has generally maintained a healthy pretax margin above 27% in recent years, which suggests efficient cost management and profitability. It is important to continue monitoring this metric to assess the company's financial performance and operating efficiency.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

The Coca-Cola Company

28.33%

Constellation Brands Inc Class A