The Coca-Cola Company (KO) FCF Payout Ratio: 70.56%
Is The Coca-Cola Company’s FCF payout ratio high or low?
The Coca-Cola Company's FCF payout ratio of 70.56% is 35% below its 5-year average of 108.21%, near the low end of its 5-year range (64.42%–176.31%).
The FCF payout ratio for The Coca-Cola Company (KO) is 70.56%. It is below its 12-month average by 58.75% (171.04%).
KO FCF Payout Ratio Chart
KO Average FCF Payout Ratio Chart
KO Current vs Average FCF Payout Ratio Chart
KO FCF Payout Ratio Metrics
FCF PAYOUT RATIO
70.56%
FCF PAYOUT RATIO AVG TTM
171.04%
FCF PAYOUT RATIO AVG 3Y
125.89%
FCF PAYOUT RATIO AVG 5Y
108.21%
FCF PAYOUT RATIO AVG 10Y
101.88%
FCF PAYOUT RATIO AVG 15Y
89.23%
FCF PAYOUT RATIO AVG 20Y
81.98%
CURRENT VS TTM AVG
-58.75%
CURRENT VS 3Y AVG
-43.95%
CURRENT VS 5Y AVG
-34.79%
CURRENT VS 10Y AVG
-30.75%
CURRENT VS 15Y AVG
-20.92%
CURRENT VS 20Y AVG
-13.93%
Payout Ratio Comparison
FCF Payout Ratio
70.6%
Earnings Payout Ratio
67.5%
Dividend Yield
2.53%
FCF Yield
3.58%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $5.30B | $8.78B | 165.8% |
| 2024 | $4.74B | $8.36B | 176.3% |
| 2023 | $9.75B | $7.95B | 81.6% |
| 2022 | $9.53B | $7.62B | 79.9% |
| 2021 | $11.26B | $7.25B | 64.4% |
| 2020 | $8.67B | $7.05B | 81.3% |
| 2019 | $8.42B | $6.84B | 81.3% |
| 2018 | $6.08B | $6.64B | 109.3% |
| 2017 | $5.43B | $6.32B | 116.4% |
| 2016 | $6.53B | $6.04B | 92.5% |
| 2015 | $7.97B | $5.74B | 72.0% |
| 2014 | $8.21B | $5.35B | 65.2% |
| 2013 | $7.99B | $4.97B | 62.2% |
| 2012 | $7.87B | $4.59B | 58.4% |
| 2011 | $6.55B | $4.30B | 65.6% |
| 2010 | $7.32B | $4.07B | 55.6% |
| 2009 | $6.19B | $3.80B | 61.4% |
| 2008 | $5.60B | $3.52B | 62.8% |
| 2007 | $5.50B | $3.15B | 57.2% |
| 2006 | $4.55B | $2.91B | 64.0% |
| 2005 | $5.52B | $2.68B | 48.5% |
| 2004 | $5.21B | $2.43B | 46.6% |
| 2003 | $4.64B | $2.17B | 46.6% |
| 2002 | $3.89B | $1.99B | 51.1% |
| 2001 | $3.34B | $1.79B | 53.6% |
| 2000 | $2.85B | $1.69B | 59.1% |
| 1999 | $2.81B | $1.58B | 56.1% |
| 1998 | $2.57B | $1.48B | 57.6% |
| 1997 | $2.94B | $1.39B | 47.2% |
| 1996 | $2.47B | $1.25B | 50.4% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
The Coca-Cola Company FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
The Coca-Cola Company FCF Payout Ratio FAQ
- What is the FCF payout ratio for The Coca-Cola Company (KO)?
- The FCF payout ratio for KO stock is 70.56%.
- Is The Coca-Cola Company's FCF payout ratio high or low?
- The Coca-Cola Company's FCF payout ratio of 70.56% is 35% below its 5-year average of 108.21%, near the low end of its 5-year range (64.42%–176.31%).
- What is the TTM average FCF payout ratio for The Coca-Cola Company (KO)?
- The TTM average FCF payout ratio for KO stock is 171.04%.
- What is the 3Y average FCF payout ratio for The Coca-Cola Company (KO)?
- The 3Y average FCF payout ratio for KO stock is 125.89%.
- What is the 5Y average FCF payout ratio for The Coca-Cola Company (KO)?
- The 5Y average FCF payout ratio for KO stock is 108.21%.
- What is the 10Y average FCF payout ratio for The Coca-Cola Company (KO)?
- The 10Y average FCF payout ratio for KO stock is 101.88%.
- What is the 15Y average FCF payout ratio for The Coca-Cola Company (KO)?
- The 15Y average FCF payout ratio for KO stock is 89.23%.
- What is the 20Y average FCF payout ratio for The Coca-Cola Company (KO)?
- The 20Y average FCF payout ratio for KO stock is 81.98%.
The Coca-Cola Company FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 165.77% |
| 2024-12-31 | 176.31% |
| 2023-12-31 | 81.58% |
| 2022-12-31 | 79.88% |
| 2021-12-31 | 64.42% |
| 2020-12-31 | 81.31% |
| 2019-12-31 | 81.32% |
| 2018-12-31 | 109.29% |
| 2017-12-31 | 116.37% |
| 2016-12-31 | 92.49% |
| 2015-12-31 | 71.99% |
| 2014-12-31 | 65.17% |
| 2013-12-31 | 62.17% |
| 2012-12-31 | 58.42% |
| 2011-12-31 | 65.61% |
| 2010-12-31 | 55.60% |
| 2009-12-31 | 61.36% |
| 2008-12-31 | 62.84% |
| 2007-12-31 | 57.23% |
| 2006-12-31 | 63.98% |
| 2005-12-31 | 48.48% |
| 2004-12-31 | 46.60% |
| 2003-12-31 | 46.64% |
| 2002-12-31 | 51.07% |
| 2001-12-31 | 53.61% |
| 2000-12-31 | 59.08% |
| 1999-12-31 | 56.15% |
| 1998-12-31 | 57.59% |
| 1997-12-31 | 47.18% |
| 1996-12-31 | 50.42% |
About The Coca-Cola Company
The Coca-Cola Company, a prominent global entity in the beverage sector, is dedicated to the creation, marketing, and worldwide sale of a broad spectrum of non-alcoholic refreshments. Its extensive product range encompasses effervescent soft drinks, including various flavored options; still and sparkling waters; sports beverages, coffees, and teas; diverse fruit juices; fortified dairy drinks; and plant-based alternatives, among other liquid offerings. In addition to finished products, the company provides beverage concentrates and syrups, specifically supplying fountain syrups to food service establishments like restaurants and convenience stores. These products are offered under an expansive portfolio of globally recognized brands, such as Coca-Cola, Diet Coke, Fanta, Sprite, Simply, Fresca, Powerade, Dasani, and Minute Maid, to name just a few. The organization leverages a sophisticated distribution network, involving independent bottling partners, a variety of distributors, wholesalers, and retailers, complemented by its own bottling and distribution operations. Established in 1886, the enterprise's central operations are based in Atlanta, Georgia.
- Sector
- Consumer Defensive
- Industry
- Beverages - Non-Alcoholic
- CEO
- Henrique Braun