Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 34.95% is 37% above its 5-year average of 25.56%, near the high end of its 5-year range (15.57%–34.95%).
As of the fiscal period ended Friday, April 3, 2026. 19.86% above its 12-month average of 29.16%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
34.95%
OPERATING MARGIN AVG TTM
29.16%
OPERATING MARGIN AVG 3Y
25.23%
OPERATING MARGIN AVG 5Y
25.56%
OPERATING MARGIN AVG 10Y
25.25%
OPERATING MARGIN AVG 15Y
23.90%
OPERATING MARGIN AVG 20Y
24.31%
CURRENT VS TTM AVG
+19.86%
CURRENT VS 3Y AVG
+38.53%
CURRENT VS 5Y AVG
+36.72%
CURRENT VS 10Y AVG
+38.41%
CURRENT VS 15Y AVG
+46.22%
CURRENT VS 20Y AVG
+43.77%
SECTOR MEDIAN · CONSUMER DEFENSIVE
11.75%
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+197.32%
vs the sector median at left
The Coca-Cola Company
Market Cap
$353.88B
Operating Margin
34.95%
TTM Avg
29.16%
3Y Avg
25.23%
5Y Avg
25.56%
Market Cap
$91.43B
Operating Margin
29.34%
TTM Avg
27.47%
3Y Avg
26.85%
5Y Avg
29.22%
Market Cap
$40.38B
Operating Margin
21.29%
TTM Avg
21.78%
3Y Avg
21.23%
5Y Avg
21.52%
Market Cap
$22.23B
Operating Margin
32.14%
TTM Avg
33.39%
3Y Avg
32.47%
5Y Avg
32.66%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Coca-Cola Company (KO) | $353.88B | 34.95% | 29.16% | 25.23% | 25.56% |
| PepsiCo, Inc. (PEP)vs › | $186.65B | 14.96% | 14.20% | 13.71% | 13.86% |
| Monster Beverage Corporation (MNST)vs › | $91.43B | 29.34% | 27.47% | 26.85% | 29.22% |
| Keurig Dr Pepper Inc. (KDP)vs › | $40.38B | 21.29% | 21.78% | 21.23% | 21.52% |
| Constellation Brands, Inc. (STZ)vs › | $22.23B | 32.14% | 33.39% | 32.47% | 32.66% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $157.73B | 31.82% | 26.14% | 25.23% | 24.48% |
Gross Margin
61.7%
Operating Margin
35.0%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-04-03 | 34.95% |
| 2025-12-31 | 15.57% |
| 2025-09-26 | 31.97% |
| 2025-06-27 | 34.14% |
| 2025-03-28 | 32.88% |
| 2024-12-31 | 23.47% |
| 2024-09-27 | 21.17% |
| 2024-06-28 | 21.29% |
| 2024-03-29 | 18.95% |
| 2023-12-31 | 20.95% |
| 2023-09-29 | 27.36% |
| 2023-06-30 | 20.06% |
| 2023-03-31 | 30.66% |
| 2022-12-31 | 20.49% |
| 2022-09-30 | 27.91% |
| 2022-07-01 | 20.67% |
| 2022-04-01 | 32.46% |
| 2021-12-31 | 17.67% |
| 2021-10-01 | 28.86% |
| 2021-07-02 | 29.78% |
| 2021-04-02 | 30.18% |
| 2020-12-31 | 27.15% |
| 2020-09-25 | 26.56% |
| 2020-06-26 | 27.71% |
| 2020-03-27 | 27.67% |
| 2019-12-31 | 23.86% |
| 2019-09-27 | 26.29% |
| 2019-06-28 | 29.89% |
| 2019-03-29 | 28.01% |
| 2018-12-31 | 23.18% |
| 2018-09-28 | 29.79% |
| 2018-06-29 | 29.36% |
| 2018-03-30 | 23.75% |
| 2017-12-31 | 17.59% |
| 2017-09-29 | 24.73% |
| 2017-06-30 | 21.00% |
| 2017-03-31 | 21.53% |
| 2016-12-31 | 14.40% |
| 2016-09-30 | 21.36% |
| 2016-07-01 | 24.78% |
| 2016-04-01 | 20.82% |
| 2015-12-31 | 15.18% |
| 2015-10-02 | 20.82% |
| 2015-07-03 | 20.85% |
| 2015-04-03 | 21.44% |
| 2014-12-31 | 13.35% |
| 2014-09-26 | 22.64% |
| 2014-06-27 | 25.21% |
| 2014-03-28 | 22.47% |
| 2013-12-31 | 19.07% |
| 2013-09-27 | 20.55% |
| 2013-06-28 | 25.44% |
| 2013-03-29 | 21.82% |
| 2012-12-31 | 19.06% |
| 2012-09-28 | 22.63% |
| 2012-06-29 | 25.17% |
| 2012-03-30 | 22.53% |
| 2011-12-31 | 17.67% |
| 2011-09-30 | 22.49% |
| 2011-07-01 | 24.96% |
| 2011-04-01 | 21.72% |
| 2010-12-31 | 11.04% |
| 2010-10-01 | 27.82% |
| 2010-07-02 | 31.85% |
| 2010-04-02 | 29.01% |
| 2009-12-31 | 23.70% |
| 2009-10-02 | 26.73% |
| 2009-07-03 | 29.49% |
| 2009-03-31 | 25.99% |
| 2008-12-31 | 23.94% |
| 2008-09-26 | 26.06% |
| 2008-06-27 | 29.62% |
| 2008-03-28 | 25.40% |
| 2007-12-31 | 20.82% |
| 2007-09-28 | 23.78% |
| 2007-06-29 | 29.35% |
| 2007-03-30 | 26.66% |
| 2006-12-31 | 20.43% |
| 2006-09-29 | 25.75% |
| 2006-06-30 | 31.49% |
| 2006-03-31 | 26.69% |
| 2005-12-31 | 22.73% |
| 2005-09-30 | 24.71% |
| 2005-07-01 | 31.25% |
| 2005-03-31 | 26.10% |
| 2004-12-31 | 25.62% |
| 2004-09-30 | 19.60% |
| 2004-06-30 | 30.49% |
| 2004-03-31 | 28.57% |
| 2003-12-31 | 21.03% |
| 2003-09-30 | 25.59% |
| 2003-06-30 | 28.13% |
| 2003-03-31 | 23.90% |
| 2002-12-31 | 21.02% |
| 2002-09-30 | 27.25% |
| 2002-06-30 | 30.77% |
