Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
Revenue | $33,014 | $38,655 | $43,004 | $45,754 | $47,061 |
Gross Profit | $19,581 | $23,298 | $25,004 | $27,234 | $28,737 |
Operating Income | $8,997 | $10,308 | $10,909 | $11,311 | $9,992 |
Net Income | $7,747 | $9,771 | $9,542 | $10,714 | $10,631 |
Edwyn
Over the past five years, Coca-Cola’s revenue has steadily increased from USD 33,014 million in 2020 to USD 47,061 million in 2024, reflecting a consistent growth trajectory. Gross profit followed a similar upward trend, expanding from USD 19,581 million to USD 28,737 million. This growth in top-line performance suggests that the company has been successful in managing its cost of goods sold, even as it navigated challenging market conditions typical in the beverage industry, including shifts in consumer behavior and evolving competitive pressures. Notably, there have been no abrupt swings exceeding 20% in revenue or gross profit rates, indicating stability in the company’s core operations. Operating income displayed gradual improvements from USD 8,997 million in 2020 to a peak of USD 11,311 million in 2023, before declining to USD 9,992 million in 2024. Net income mirrored much of this pattern, with growth from USD 7,747 million in 2020 to a high of USD 10,714 million in 2023, and a slight contraction to USD 10,631 million in 2024. The dip in operating income in 2024 could be attributed to elevated operating expenses or strategic reinvestments, though the overall margin remains robust when compared to industry benchmarks. Within the highly competitive beverage sector, where brand strength and pricing power are crucial, Coca-Cola’s ability to maintain steady revenue and profitability growth—even during periods of operational adjustment—demonstrates sound financial management and sustainability. Overall, these metrics underscore Coca-Cola's resilient market position and its capacity to deliver consistent value to shareholders despite varying economic conditions.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.