The Coca-Cola Company stock research
FY2024 Q4
The Coca-Cola (KO) Gross Margin — Quarter Ended Dec 31, 2024
Revenue and gross profit both decreased compared to the prior quarter, while cost of revenue also declined. Gross margin weakened slightly from the prior quarter but improved compared to the same quarter one year earlier.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue and gross profit both decreased compared to the prior quarter, while cost of revenue also declined. Gross margin weakened slightly from the prior quarter but improved compared to the same quarter one year earlier.
- The strongest observable margin driver is the year-over-year improvement in gross margin, as gross profit grew faster than cost of revenue relative to the prior year quarter.
- Compared to the immediately preceding quarter, revenue and gross profit were lower, and gross margin weakened slightly. Compared to the same quarter one year earlier, revenue and gross profit were higher, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
60.0%
Gross profit
$6.9B
Revenue
$11.5B
Cost of revenue
$4.6B
Quarter-over-quarter change
-0.6 pts
Year-over-year change
+2.8 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 29, 2024 | $11.3B | $7.1B | $4.2B | 62.5% |
| Jun 28, 2024 | $12.4B | $7.6B | $4.8B | 61.1% |
| Sep 27, 2024 | $11.9B | $7.2B | $4.7B | 60.7% |
| Dec 31, 2024 | $11.5B | $6.9B | $4.6B | 60.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 27, 2024
-0.6 pts
Year-over-year change
Dec 31, 2023
+2.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the year-over-year improvement in gross margin, as gross profit grew faster than cost of revenue relative to the prior year quarter.
Compared to the immediately preceding quarter, revenue and gross profit were lower, and gross margin weakened slightly. Compared to the same quarter one year earlier, revenue and gross profit were higher, and gross margin improved.
Monitor whether the sequential decline in revenue and gross profit continues into the next quarter.