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Coca Cola vs Constellation Brands: revenue, profit, margins and growth compared

Coca Cola brought in $47.9B of revenue in fiscal 2025, Constellation Brands $9.8B in fiscal 2026. Revenue changed by +1.9% at Coca Cola and -11.0% at Constellation Brands on the year before, so Coca Cola grew faster. Coca Cola kept 27.3% of its revenue as net profit, Constellation Brands 17.3%. Free cash flow was $5.3B at Coca Cola and $1.8B at Constellation Brands.

Side by side, latest fiscal year

KOSTZ
Fiscal year endedFY2025 (December 31, 2025)FY2026 (February 28, 2026)
Revenue$47.9B$9.8B
Revenue growth+1.9%-11.0%
Net income$13.1B$1.7B
Net margin27.3%17.3%
Free cash flow$5.3B$1.8B
Free cash flow margin11.0%18.4%
Earnings per share (diluted)$3.04n/a
Cash$10.3B$102.4M
Debt$43.9B$10.3B
Price to earnings28.9n/a
Market value$377.8B$19.4B
Dividend yield2.32%n/a
Rank by revenue in sector#9 of 93 · Consumer staples#22 of 93 · Consumer staples

Over the years

Revenue
KO FY2018: $34.3BKO FY2019: $37.3BKO FY2020: $33BKO FY2021: $38.7BKO FY2022: $43BKO FY2023: $45.8BKO FY2024: $47.1BKO FY2025: $47.9BSTZ FY2018: $8.9BSTZ FY2020: $9.1BSTZ FY2021: $9.4BSTZ FY2022: $9.5BSTZ FY2023: $10.2BSTZ FY2024: $10.7BSTZ FY2025: $11BSTZ FY2026: $9.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
KO $47.9BSTZ $9.8B
Net income
KO FY2018: $6.4BKO FY2019: $8.9BKO FY2020: $7.7BKO FY2021: $9.8BKO FY2022: $9.5BKO FY2023: $10.7BKO FY2024: $10.6BKO FY2025: $13.1BSTZ FY2018: $3.4BSTZ FY2020: -$11.8MSTZ FY2021: $2BSTZ FY2022: -$40.4MSTZ FY2023: -$71MSTZ FY2024: $1.7BSTZ FY2025: -$81.4MSTZ FY2026: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
KO $13.1BSTZ $1.7B
Net margin
KO FY2018: 18.8%KO FY2019: 23.9%KO FY2020: 23.5%KO FY2021: 25.3%KO FY2022: 22.2%KO FY2023: 23.4%KO FY2024: 22.6%KO FY2025: 27.3%STZ FY2018: 38.7%STZ FY2020: -0.1%STZ FY2021: 21.4%STZ FY2022: -0.4%STZ FY2023: -0.7%STZ FY2024: 16.1%STZ FY2025: -0.7%STZ FY2026: 17.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
KO 27.3%STZ 17.3%
Revenue growth
KO FY2019: +8.6%KO FY2020: -11.4%KO FY2021: +17.1%KO FY2022: +11.3%KO FY2023: +6.4%KO FY2024: +2.9%KO FY2025: +1.9%STZ FY2020: +2.6%STZ FY2021: +2.7%STZ FY2022: +1.9%STZ FY2023: +6.8%STZ FY2024: +5.2%STZ FY2025: +2.3%STZ FY2026: -11.0%FY19FY20FY21FY22FY23FY24FY25FY26
KO +1.9%STZ -11.0%
Free cash flow
KO FY2018: $6.1BKO FY2019: $8.4BKO FY2020: $8.7BKO FY2021: $11.3BKO FY2022: $9.5BKO FY2023: $9.7BKO FY2024: $4.7BKO FY2025: $5.3BSTZ FY2018: $1.4BSTZ FY2020: $1.8BSTZ FY2021: $1.9BSTZ FY2022: $1.7BSTZ FY2023: $1.7BSTZ FY2024: $1.5BSTZ FY2025: $1.9BSTZ FY2026: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
KO $5.3BSTZ $1.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Coca Cola and Constellation Brands

Which is bigger by revenue, Coca Cola or Constellation Brands?

Coca Cola is bigger by revenue: $47.9B in fiscal 2025, against $9.8B for Constellation Brands in fiscal 2026.

Which keeps more of its revenue as profit, Coca Cola or Constellation Brands?

Coca Cola had a net margin of 27.3% in fiscal 2025; Constellation Brands had 17.3% in fiscal 2026.

Which grew revenue faster, Coca Cola or Constellation Brands?

In their latest fiscal years revenue changed by +1.9% at Coca Cola and -11.0% at Constellation Brands.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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