# Coca-Cola

**Source:** https://geo.sig.ai/brands/coca-cola  
**Vertical:** CPG  
**Subcategory:** Beverage  
**Tier:** Leader  
**Website:** coca-cola.com  
**Last Updated:** 2026-04-14

## Summary

Coca-Cola (KO) reported $47.1B in FY2024 revenue, up 3% YoY. World's #1 beverage company by market cap (~$270B). ~90,000 employees. HQ: Atlanta, GA. 200+ countries.

## Company Overview

The Coca-Cola Company is the world's largest non-alcoholic beverage company and one of the most recognized brands globally, headquartered in Atlanta, Georgia. Founded in 1886 by pharmacist John Stith Pemberton, the company operates through a franchise bottling model where Coca-Cola produces and sells concentrate to licensed bottlers who manufacture, package, and distribute finished products. Coca-Cola reported net revenues of $47.1B in FY2024, with a market capitalization of approximately $270B.

Coca-Cola's portfolio spans over 500 brands and 3,500 products across sparkling soft drinks (Coca-Cola, Sprite, Fanta), water (Dasani, Smartwater, Topo Chico), juice and dairy (Minute Maid, Simply, fairlife), coffee (Costa Coffee, Georgia), energy (Monster via equity stake), and sports drinks (Powerade). The company holds a roughly 25% equity stake in Monster Beverage Corporation, giving it meaningful exposure to the energy drink category without directly competing with its carbonated soft drink business.

Coca-Cola's franchise bottling model is highly capital-efficient — the company earns high-margin concentrate revenue while bottlers bear the capital-intensive manufacturing and distribution costs. This model generates robust free cash flow, enabling consistent dividend growth (Coca-Cola is a Dividend Aristocrat with 60+ consecutive years of dividend increases). In 2024, Coca-Cola accelerated investment in emerging markets, premium water, and value-added dairy, while continuing to navigate price elasticity challenges in its core carbonated soft drink business.

## Frequently Asked Questions

### What is Coca-Cola's annual revenue?
The Coca-Cola Company reported net revenues of $47.1B in FY2024, up approximately 3% from $45.8B in FY2023, driven by price/mix increases and continued expansion in emerging markets.

### What is Coca-Cola's stock ticker?
Coca-Cola trades on the NYSE under the ticker symbol KO. It is a component of the Dow Jones Industrial Average and S&P 500. Warren Buffett's Berkshire Hathaway is one of its largest shareholders.

### What brands does Coca-Cola own?
Coca-Cola owns 500+ brands including Coca-Cola, Diet Coke, Sprite, Fanta, Dasani, Smartwater, Minute Maid, Simply, fairlife, Costa Coffee, Topo Chico, Powerade, and Vitaminwater.

### How does Coca-Cola compare to PepsiCo in revenue?
Coca-Cola ($47.1B) is smaller than PepsiCo ($91.5B) in total revenue because PepsiCo includes a large snacks/food business. In beverages specifically, Coca-Cola leads with higher market share and brand recognition.

### How many countries does Coca-Cola operate in?
Coca-Cola sells products in more than 200 countries and territories, making it one of the most globally distributed consumer brands in existence.

### Who are Coca-Cola's main competitors?
Coca-Cola's primary competitors are PepsiCo (beverages), Keurig Dr Pepper, and Monster Beverage (energy drinks). It has an equity stake in Monster. In premium water, it competes with Nestlé Waters and Evian (Danone).

### How does Coca-Cola's franchise bottling system work?
Coca-Cola produces and sells concentrated syrup (and powder or liquid concentrate for fountain equipment) to approximately 225 licensed bottling partners worldwide, who manufacture, package, distribute, and sell finished Coca-Cola beverages to retailers, restaurants, and foodservice customers in their licensed territories. The bottlers invest in production equipment, distribution infrastructure, and local sales forces, paying Coca-Cola for the concentrate and royalties for the brand license. This asset-light model allows Coca-Cola to generate high-margin concentrate sales without owning the capital-intensive bottling infrastructure, while ensuring geographic coverage across 200+ countries that the company could not achieve through wholly-owned operations.

### What is Coca-Cola's diversification strategy beyond cola?
Coca-Cola has significantly diversified beyond its core cola products to reduce its exposure to declining carbonated soft drink consumption trends: the company expanded into premium water (Smartwater, Topo Chico mineral water), juice and dairy (Minute Maid, Simply, fairlife milk), energy drinks (strategic partnership and equity stake in Monster Beverage), ready-to-drink coffee (Costa Coffee, Georgia Coffee), sports drinks (Powerade), and alcoholic beverages (Topo Chico Hard Seltzer, Simply Spiked Lemonade). The fairlife ultra-filtered milk brand — acquired for up to $980 million — has become one of Coca-Cola's fastest-growing portfolio additions, demonstrating the company's ability to incubate premium dairy products through its distribution infrastructure.

## Tags

b2c, fortune500, global, manufacturing, public, retailtech

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*