The Coca-Cola Company (KO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 12,963,000 | 12,969,000 | 12,875,000 | 12,258,000 | 11,657,000 | 12,106,000 | 11,739,000 | 13,085,000 | 12,392,000 | 11,811,000 | 10,909,000 | 9,491,000 | 9,728,000 | 9,782,000 | 10,700,000 | 11,511,000 | 10,721,000 | 9,232,000 | 8,571,000 | 8,470,000 |
| Revenue (ttm) | US$ in thousands | 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 | 33,433,000 | 33,014,000 | 33,471,000 | 34,326,000 | 37,173,000 | 37,266,000 | 36,004,000 | 35,272,000 | 34,696,000 |
| Pretax margin | 28.33% | 28.80% | 29.17% | 28.18% | 27.11% | 28.59% | 28.41% | 32.61% | 32.06% | 31.24% | 29.96% | 28.39% | 29.47% | 29.23% | 31.17% | 30.97% | 28.77% | 25.64% | 24.30% | 24.41% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $12,963,000K ÷ $45,754,000K
= 28.33%
The pretax margin of Coca-Cola Co has shown a consistent trend over the past eight quarters. In Q1 2022, the pretax margin was relatively high at 32.70%, but it decreased in subsequent quarters to 28.52% in Q2 2022, and then increased slightly to 28.68% in Q3 2022. The pretax margin continued to fluctuate in the range of 27-29% throughout 2023, with the highest margin of 29.17% observed in Q2 2023.
Overall, the pretax margin of Coca-Cola Co has remained relatively stable and healthy, indicating efficient cost management and profitability. However, it is important for the company to monitor and potentially improve the pretax margin to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023