The Coca-Cola Company (KO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 13,086,000 | 12,762,000 | 12,919,000 | 12,771,000 | 12,952,000 | 12,970,000 | 12,877,000 | 12,281,000 | 11,686,000 | 12,146,000 | 11,786,000 | 13,120,000 | 12,425,000 | 11,826,000 | 10,923,000 | 12,512,000 | 12,759,000 | 12,818,000 | 13,729,000 | 11,571,000 |
| 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 |
| Pretax margin | 27.81% | 27.52% | 27.80% | 27.72% | 28.31% | 28.80% | 29.17% | 28.24% | 27.17% | 28.68% | 28.52% | 32.70% | 32.14% | 31.28% | 30.00% | 29.77% | 30.66% | 30.47% | 31.98% | 31.13% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $13,086,000K ÷ $47,061,000K
= 27.81%
The pretax margin of The Coca-Cola Company has displayed some fluctuations over the past few years, indicating varying levels of profitability before considering taxes.
From March 31, 2020, to December 31, 2020, the pretax margin remained relatively stable around the range of 30% to 31%. There was a slight decline in the pretax margin in the first quarter of 2021 to 29.77%, followed by a recovery in the following quarters, reaching 32.14% by December 31, 2021.
However, a downward trend was observed from the first quarter of 2022 to the second quarter of 2024. The pretax margin decreased gradually from 32.70% in March 31, 2022, to 27.80% in June 30, 2024.
Overall, the pretax margin of the company showed some volatility over the period, experiencing both peaks and troughs. It would be essential for stakeholders to closely monitor these fluctuations and assess the underlying factors impacting the company's profitability before tax.
Peer comparison
Dec 31, 2024