Coca-Cola Consolidated (FRA:CC5) Operating Income: €858 Mil (TTM As of Jun. 2026)

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FRA:CC5 Coca-Cola Consolidated Inc FRA:CC5
83 GF Score
Price €162.60
GF Value €151.35
Valuation Fairly Valued
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What is Coca-Cola Consolidated Operating Income?

Coca-Cola Consolidated FRA:CC5 +0.96% 83 Operating Income is €858 Mil as of Jun. 2026. GuruFocus rates FRA:CC5 with a GF Score™ of 83/100 and a GF Value™ of €151.35 (Fairly Valued).

Coca-Cola Consolidated's Operating Income for the three months ended in Jun. 2026 was €236 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €858 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Coca-Cola Consolidated's Operating Income for the three months ended in Jun. 2026 was €236 Mil. Coca-Cola Consolidated's Revenue for the three months ended in Jun. 2026 was €1,782 Mil. Therefore, Coca-Cola Consolidated's Operating Margin % for the quarter that ended in Jun. 2026 was 13.22%.

Good Sign:

Coca-Cola Consolidated Inc operating margin is expanding. Margin expansion is usually a good sign.

Coca-Cola Consolidated's 5-Year average Growth Rate for Operating Margin % was 17.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coca-Cola Consolidated's annualized ROC % for the quarter that ended in Jun. 2026 was 24.89%. Coca-Cola Consolidated's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 61.43%.


Coca-Cola Consolidated  (FRA:CC5) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Coca-Cola Consolidated's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=942.088 * ( 1 - 26.17% )/( (2747.893 + 2842.071)/ 2 )
=695.5435704/2794.982
=24.89 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3799.692 - 850.3 - ( 201.499 - max(0, 1051.08 - 1297.852+201.499))
=2747.893

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3847.388 - 856.293 - ( 149.024 - max(0, 1093.889 - 1325.13+149.024))
=2842.071

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Coca-Cola Consolidated's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=942.088/( ( (1504.37 + max(15.503, 0)) + (1515.294 + max(31.99, 0)) )/ 2 )
=942.088/( ( 1519.873 + 1547.284 )/ 2 )
=942.088/1533.5785
=61.43 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(517.202 + 336.26 + 105.384) - (850.3 + 0 + 93.043)
=15.503

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(603.849 + 322.189 + 92.158) - (856.293 + 0 + 129.913)
=31.99

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Coca-Cola Consolidated's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=235.522/1781.501
=13.22 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Coca-Cola Consolidated Operating Income Related Terms


Coca-Cola Consolidated Operating Income Historical Data

* Premium members only.

The historical data trend for Coca-Cola Consolidated's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Coca-Cola Consolidated Operating Income Chart

Coca-Cola Consolidated Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 388.67 605.15 765.19 878.93 811.86

Coca-Cola Consolidated Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 235.90 210.13 206.77 205.46 235.52
FRA:CC5
83GF Score
Coca-Cola Consolidated Inc FRA:CC5
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Coca-Cola Consolidated Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €858 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €858 Mil mean?
Coca-Cola Consolidated (FRA:CC5) has a Operating Income of €858 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Coca-Cola Consolidated and its competitors.
Is Coca-Cola Consolidated's Operating Income too high?
Coca-Cola Consolidated's current Operating Income is €858 Mil. Overall, Coca-Cola Consolidated has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola Consolidated's Operating Income compare to PRMB and CELH?
Coca-Cola Consolidated's Operating Income of €858 Mil can be compared against companies in the Beverages - Non-Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Beverages - Non-Alcoholic company?
A good Operating Income depends on the Beverages - Non-Alcoholic industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Coca-Cola Consolidated and its competitors. Coca-Cola Consolidated's current Operating Income is €858 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola Consolidated stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola Consolidated (FRA:CC5) is currently considered Fairly Valued. The stock's GF Value™ is €151.35, compared to a current price of €162.60 — trading 7.4% above its estimated fair value. The current Operating Income is €858 Mil. Coca-Cola Consolidated's overall GF Score™ is 83/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Coca-Cola Consolidated (FRA:CC5), the current Operating Income is €858 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Coca-Cola Consolidated (FRA:CC5) Overvalued in 2026?

Based on GuruFocus' analysis, Coca-Cola Consolidated stock appears to be overvalued. The current stock price of €162.60 is trading 7.4% above its estimated GF Value™ of €151.35. GuruFocus considers Coca-Cola Consolidated to be Fairly Valued.

Key valuation signals for FRA:CC5:

  • Operating Income: €858 Mil
  • GF Value™: €151.35 vs. price of €162.60 (7.4% above fair value)
  • GF Score™: 83/100

No single metric tells the full story. See the FRA:CC5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Coca-Cola Consolidated Business Description

Address 4100 Coca-Cola Plaza, Charlotte, NC, USA, 28211
Coca-Cola Consolidated Inc distributes, markets, and manufactures nonalcoholic beverages. It offers a range of nonalcoholic beverage products and flavors, including both sparkling and still beverages. Sparkling beverages are carbonated beverages, and the Company's principal sparkling beverage is Coca-Cola. Still beverages include energy products and non-carbonated beverages such as bottled water, ready-to-drink tea, ready-to-drink coffee, enhanced water, juices, and sports drinks. The Company has two operating segments: Nonalcoholic Beverages and All Other. Key revenue is generated from Nonalcoholic Beverages.
83GF Score

Get the complete analysis for FRA:CC5

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€162.60
Price
€151.35
GF Value