FirmAtlas
Company handbook · KO · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
KO · CIK 21344 · LATEST FILING: 10-Q JUL '26 · FILED JUL 29, 2026
COCA COLA CO
$93.86
+1.86 (+2.02%)
Last trade 3:59 PM ET, Oct 16, 2026 · 52-week $67–94
Coca-Cola makes drink concentrates and syrups and owns the brands Coca-Cola, Sprite, Fanta, smartwater, Minute Maid, Powerade and others. Independent bottlers make and deliver most of the finished drinks; it runs some bottlers itself.
- SegmentsNorth America 40% · EMEA 24% · Latin America 13% · Bottling Investments 12% · Pacific 12% (FY25)
- ProductsConcentrate Operations 59% · Finished Product Operations 41% (FY25)
- RegionsOutside US 60% · US 40% (FY25)
- CustomersBottlers buy the concentrate; the finished drinks go to grocery and convenience stores, restaurants and vending, sold to consumers worldwide
- ChangeBottling Investments 12% of revenue in FY25, down from 47% in FY16
- Cash useFY16–FY25: dividends $72.9B · capex $17.7B · buybacks $16.9B
Reinvested 19% of operating cash flow · returned 119% of free cash flow
Last fiscal year
COCA COLA CO reported revenue of $47.9B for the year ended Dec 31, 2025 (FY25), up 1.9% from FY24. Net income was $13.1B, operating cash flow $7.4B and free cash flow $5.3B. Source: 10-K filed Feb 20, 2026.
Henrique Braun became CEO on March 31, 2026; James Quincey moved to Executive Chairman.
8-K · Dec 2025In October 2025 Coca-Cola agreed to sell part of its interest in its bottling operations in Africa to Coca-Cola HBC, with closing expected by the end of 2026; it recorded an impairment charge of $1,274 million, and CCHBC holds an option on the remaining 25%.
10-Q Jul '26The U.S. federal income tax dispute with the IRS is on appeal; the Eleventh Circuit heard it on June 25, 2026. Coca-Cola paid $6.0 billion for the 2007 through 2009 tax years in September 2024, refundable in full or in part if its positions are sustained.
10-Q Jul '26
As of 2026-10-16 · Opinion only, not investment advice or a forecast.
Market cap
$404.8B
P/E
29.6
EV/EBITDA
29.2x
P/B
12.0
Div yield
2.24%
ROIC
19.7%
Revenue 10Y
0.8%/yr
EPS 10Y
6.2%/yr
Shares 10Y
−2%
Loading chart…
Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOHenrique Braun
HQAtlanta, GA
AuditorErnst & Young LLP
Year endsDecember
Revenue by segment · FY25
North America40%
EMEA24%
Latin America13%
Bottling Investments12%
Pacific12%
Compounded growth & averages
10Y
5Y
3Y
TTM
Revenue
0.8%
7.7%
3.7%
5.1%
Net income
6.0%
11.1%
11.2%
27.0%
EPS
6.2%
11.2%
11.6%
27.2%
Share price
8.5%
11.5%
20.7%
38.9%
Avg ROIC
14.9%
17.1%
17.9%
19.7%
Dividend / share
4.6%
4.5%
5.2%
—
The windows end at FY25, the highest net income in the record.
Net income fell in 5 of the last 10 years.
Dividend per share raised every year for 10 years.
Growth rows are yearly compound rates; ROIC is an average.
TTM = last four quarters vs the four before (1Y for price, latest year for averages).
Where the cash went · FY16–FY25
$107.4B deployed
Capex
$17.7B
16.5%
Dividends
$72.9B
67.8%
Buybacks
$16.9B
15.7%
Operating cash flow over the period: $93.2B. Total debt changed by −$1.9B.
Paid out more than free cash flow in FY23–25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
After-tax operating profit growth, split into its two engines · A = FY22, B = FY25 · A = FY20, B = FY25 · A = FY15, B = FY25
Capital-light
Decomposition skipped. Returns on invested capital run above ~100%, so ROIIC math breaks here. Read the business through earnings and cash-flow compounding instead.
NOPAT growth
+8.1%
After-tax operating profit, CAGR A to B
FCF per share growth
−17.6%
Free cash flow ÷ shares, CAGR A to B
Capital = operating invested capital (net PP&E + working capital)
Capital-light
Decomposition skipped. Returns on invested capital run above ~100%, so ROIIC math breaks here. Read the business through earnings and cash-flow compounding instead.
NOPAT growth
+9.5%
After-tax operating profit, CAGR A to B
FCF per share growth
−9.3%
Free cash flow ÷ shares, CAGR A to B
Capital = operating invested capital (net PP&E + working capital)
Capital-light
Decomposition skipped. Returns on invested capital run above ~100%, so ROIIC math breaks here. Read the business through earnings and cash-flow compounding instead.
NOPAT growth
+5.4%
After-tax operating profit, CAGR A to B
FCF per share growth
−3.8%
Free cash flow ÷ shares, CAGR A to B
Capital = operating invested capital (net PP&E + working capital)
Financials
10-year record · USD millions · each year opens its 10-K · change vs previous year
Last 8 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Apr '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
41,863−5.5%
36,212−13.5%
34,300−5.3%
37,266+8.6%
33,014−11.4%
38,655+17.1%
43,004+11.3%
45,754+6.4%
47,061+2.9%
47,941+1.9%
49,284
YoY
−5.5%
−13.5%
−5.3%
+8.6%
−11.4%
+17.1%
+11.3%
+6.4%
+2.9%
+1.9%
Gross profit
25,398−5.3%
22,491−11.4%
21,233−5.6%
22,647+6.7%
19,581−13.5%
23,298+19.0%
25,004+7.3%
27,234+8.9%
28,737+5.5%
29,544+2.8%
30,430
Gross margin
60.7%+0.1 pp
62.1%+1.4 pp
61.9%−0.2 pp
60.8%−1.1 pp
59.3%−1.5 pp
60.3%+1.0 pp
58.1%−2.1 pp
59.5%+1.4 pp
61.1%+1.5 pp
61.6%+0.6 pp
—
Operating income
8,657−0.8%
7,755−10.4%
9,152+18.0%
10,086+10.2%
8,997−10.8%
10,308+14.6%
10,909+5.8%
11,311+3.7%
9,992−11.7%
13,762+37.7%
14,462
Operating margin
20.7%+1.0 pp
21.4%+0.7 pp
26.7%+5.3 pp
27.1%+0.4 pp
27.3%+0.2 pp
26.7%−0.6 pp
25.4%−1.3 pp
24.7%−0.6 pp
21.2%−3.5 pp
28.7%+7.5 pp
—
EBITDA
10,444−2.4%
9,015−13.7%
10,238+13.6%
11,451+11.8%
10,533−8.0%
11,760+11.6%
12,169+3.5%
12,439+2.2%
11,067−11.0%
14,812+33.8%
—
EBITDA margin
24.9%+0.8 pp
24.9%−0.1 pp
29.8%+5.0 pp
30.7%+0.9 pp
31.9%+1.2 pp
30.4%−1.5 pp
28.3%−2.1 pp
27.2%−1.1 pp
23.5%−3.7 pp
30.9%+7.4 pp
—
Interest expense
733−14.4%
853+16.4%
950+11.4%
946−0.4%
1,437+51.9%
1,597+11.1%
882−44.8%
1,527+73.1%
1,656+8.4%
1,654−0.1%
—
Interest coverage
14.25x+1.75x
10.57x−3.68x
10.78x+0.21x
12.10x+1.33x
7.33x−4.77x
7.36x+0.03x
13.80x+6.43x
8.15x−5.65x
6.68x−1.46x
8.96x+2.27x
—
Net income
6,527−11.2%
1,248−80.9%
6,434+415.5%
8,920+38.6%
7,747−13.2%
9,771+26.1%
9,542−2.3%
10,714+12.3%
10,631−0.8%
13,107+23.3%
13,701
YoY
−11.2%
−80.9%
+415.5%
+38.6%
−13.2%
+26.1%
−2.3%
+12.3%
−0.8%
+23.3%
Net margin
15.6%−1.0 pp
3.4%−12.1 pp
18.8%+15.3 pp
23.9%+5.2 pp
23.5%−0.5 pp
25.3%+1.8 pp
22.2%−3.1 pp
23.4%+1.2 pp
22.6%−0.8 pp
27.3%+4.8 pp
—
EPS (diluted, $)
1.49−10.8%
0.29−80.5%
1.50+417.2%
2.07+38.0%
1.79−13.5%
2.25+25.7%
2.19−2.7%
2.47+12.8%
2.46−0.4%
3.04+23.6%
3.18
YoY
−10.8%
−80.5%
+417.2%
+38.0%
−13.5%
+25.7%
−2.7%
+12.8%
−0.4%
+23.6%
Balance sheet
Total assets
87,270−3.0%
87,896+0.7%
83,216−5.3%
86,381+3.8%
87,296+1.1%
94,354+8.1%
92,763−1.7%
97,703+5.3%
100,549+2.9%
104,816+4.2%
104,217
Cash & short-term investments
18,150+16.1%
15,358−15.4%
11,102−27.7%
7,947−28.4%
8,566+7.8%
10,926+27.6%
10,562−3.3%
12,363+17.1%
12,848+3.9%
13,872+8.0%
—
Accounts receivable
3,856−2.2%
3,667−4.9%
3,685+0.5%
3,971+7.8%
3,144−20.8%
3,512+11.7%
3,487−0.7%
3,410−2.2%
3,569+4.7%
3,038−14.9%
—
Inventory
2,675−7.8%
2,655−0.7%
3,071+15.7%
3,379+10.0%
3,266−3.3%
3,414+4.5%
4,233+24.0%
4,424+4.5%
4,728+6.9%
4,425−6.4%
—
Net PP&E
10,635−15.4%
9,638−9.4%
9,598−0.4%
10,838+12.9%
10,777−0.6%
9,920−8.0%
9,841−0.8%
9,236−6.1%
10,303+11.6%
9,613−6.7%
—
Other assets
51,954−5.5%
56,578+8.9%
55,760−1.4%
60,246+8.0%
61,543+2.2%
66,582+8.2%
64,640−2.9%
68,270+5.6%
69,101+1.2%
73,868+6.9%
—
Total liabilities
64,208−0.4%
70,824+10.3%
66,235−6.5%
67,400+1.8%
67,997+0.9%
71,355+4.9%
68,658−3.8%
71,762+4.5%
75,693+5.5%
72,647−4.0%
70,584
Accounts payable
9,490−1.8%
8,748−7.8%
9,533+9.0%
11,312+18.7%
11,145−1.5%
14,619+31.2%
15,749+7.7%
15,485−1.7%
21,712+40.2%
14,813−31.8%
—
Total debt
45,541+3.5%
47,411+4.1%
43,442−8.4%
42,763−1.6%
42,793+0.1%
42,761−0.1%
39,149−8.4%
35,547−9.2%
42,375+19.2%
42,119−0.6%
39,065
Other liabilities
9,177−14.7%
14,665+59.8%
13,260−9.6%
13,325+0.5%
14,059+5.5%
13,975−0.6%
13,760−1.5%
20,730+50.7%
11,606−44.0%
15,715+35.4%
—
Shareholders’ equity
23,062−9.8%
17,072−26.0%
16,981−0.5%
18,981+11.8%
19,299+1.7%
22,999+19.2%
24,105+4.8%
25,941+7.6%
24,856−4.2%
32,169+29.4%
33,633
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
8,792−16.5%
7,041−19.9%
7,627+8.3%
10,471+37.3%
9,844−6.0%
12,625+28.3%
11,018−12.7%
11,599+5.3%
6,805−41.3%
7,408+8.9%
14,631
Net income
6,550−11.1%
1,283−80.4%
6,476+404.8%
8,985+38.7%
7,768−13.5%
9,804+26.2%
9,571−2.4%
10,703+11.8%
10,649−0.5%
13,137+23.4%
—
Depreciation & amortization
1,787−9.3%
1,260−29.5%
1,086−13.8%
1,365+25.7%
1,536+12.5%
1,452−5.5%
1,260−13.2%
1,128−10.5%
1,075−4.7%
1,050−2.3%
—
Stock-based compensation
258+9.3%
219−15.1%
225+2.7%
201−10.7%
126−37.3%
337+167.5%
356+5.6%
254−28.7%
286+12.6%
279−2.4%
—
Working capital & other
197−79.4%
4,279+2072.1%
(160)−103.7%
(80)n/m
414n/m
1,032+149.3%
(169)−116.4%
(486)n/m
(5,205)n/m
(7,058)n/m
—
Cash from investing
(1,004)n/m
(2,312)n/m
5,927n/m
(3,976)−167.1%
(1,477)n/m
(2,765)n/m
(763)n/m
(3,349)n/m
2,524n/m
(67)−102.7%
—
Capex
(2,262)n/m
(1,750)n/m
(1,548)n/m
(2,054)n/m
(1,177)n/m
(1,367)n/m
(1,484)n/m
(1,852)n/m
(2,064)n/m
(2,112)n/m
—
PP&E sold
150+76.5%
108−28.0%
248+129.6%
978+294.4%
189−80.7%
108−42.9%
75−30.6%
74−1.3%
40−45.9%
13−67.5%
—
Investments bought
(16,626)n/m
(17,296)n/m
(7,789)n/m
(4,704)n/m
(13,583)n/m
—
—
—
—
—
—
Investments sold / matured
17,842+26.7%
16,694−6.4%
14,977−10.3%
6,973−53.4%
13,835+98.4%
—
1,498
361−75.9%
709+96.4%
657−7.3%
—
Other investing
(108)n/m
(68)n/m
39n/m
(5,169)−13353.8%
(741)n/m
(1,506)n/m
(852)n/m
(1,932)n/m
3,839n/m
1,375−64.2%
—
Cash from financing
(6,545)n/m
(7,447)n/m
(10,347)n/m
(9,004)n/m
(8,070)n/m
(6,786)n/m
(10,250)n/m
(8,310)n/m
(6,910)n/m
(8,140)n/m
—
Debt raised
27,281−32.5%
29,926+9.7%
27,605−7.8%
23,009−16.6%
26,934+17.1%
13,094−51.4%
3,972−69.7%
6,891+73.5%
12,061+75.0%
4,980−58.7%
—
Debt repaid
(25,615)n/m
(28,871)n/m
(30,600)n/m
(24,850)n/m
(28,796)n/m
(12,866)n/m
(4,930)n/m
(5,034)n/m
—
—
—
Dividends
(6,043)n/m
(6,320)n/m
(6,644)n/m
(6,845)n/m
(7,047)n/m
(7,252)n/m
(7,616)n/m
(7,952)n/m
(8,359)n/m
(8,779)n/m
—
Buybacks
(3,681)n/m
(3,682)n/m
(1,912)n/m
(1,103)n/m
(118)n/m
(111)n/m
(1,418)n/m
(2,289)n/m
(1,795)n/m
(746)n/m
—
Shares issued
1,434+15.2%
1,595+11.2%
1,476−7.5%
1,012−31.4%
647−36.1%
702+8.5%
837+19.2%
539−35.6%
747+38.6%
313−58.1%
—
Other financing
79−68.5%
(95)−220.3%
(272)n/m
(227)n/m
310n/m
(353)−213.9%
(1,095)n/m
(465)n/m
(9,564)n/m
(3,908)n/m
—
Net change in cash
1,238n/m
(2,477)−300.1%
2,945n/m
(2,581)−187.6%
373n/m
2,915+681.5%
(200)−106.9%
(133)n/m
1,796n/m
(478)−126.6%
—
Free cash flow (OCF − capex)
6,530−18.1%
5,291−19.0%
6,079+14.9%
8,417+38.5%
8,667+3.0%
11,258+29.9%
9,534−15.3%
9,747+2.2%
4,741−51.4%
5,296+11.7%
12,562
Where the cash went
Operating cash flow
8,792−16.5%
7,041−19.9%
7,627+8.3%
10,471+37.3%
9,844−6.0%
12,625+28.3%
11,018−12.7%
11,599+5.3%
6,805−41.3%
7,408+8.9%
14,631
Reinvested in the business
2,262−11.4%
1,750−22.6%
1,548−11.5%
2,054+32.7%
1,177−42.7%
1,367+16.1%
1,484+8.6%
1,852+24.8%
2,064+11.4%
2,112+2.3%
—
% of operating cash flow
25.7%
24.9%
20.3%
19.6%
12.0%
10.8%
13.5%
16.0%
30.3%
28.5%
Capex
2,262−11.4%
1,750−22.6%
1,548−11.5%
2,054+32.7%
1,177−42.7%
1,367+16.1%
1,484+8.6%
1,852+24.8%
2,064+11.4%
2,112+2.3%
2,069
Free cash flow
6,530−18.1%
5,291−19.0%
6,079+14.9%
8,417+38.5%
8,667+3.0%
11,258+29.9%
9,534−15.3%
9,747+2.2%
4,741−51.4%
5,296+11.7%
12,562
YoY
−18.1%
−19.0%
+14.9%
+38.5%
+3.0%
+29.9%
−15.3%
+2.2%
−51.4%
+11.7%
Returned to shareholders
9,724+4.5%
10,002+2.9%
8,556−14.5%
7,948−7.1%
7,165−9.9%
7,363+2.8%
9,034+22.7%
10,241+13.4%
10,154−0.8%
9,525−6.2%
—
% of free cash flow
148.9%
189.0%
140.7%
94.4%
82.7%
65.4%
94.8%
105.1%
214.2%
179.9%
Dividends
6,043+5.3%
6,320+4.6%
6,644+5.1%
6,845+3.0%
7,047+3.0%
7,252+2.9%
7,616+5.0%
7,952+4.4%
8,359+5.1%
8,779+5.0%
—
Buybacks
3,681+3.3%
3,682+0.0%
1,912−48.1%
1,103−42.3%
118−89.3%
111−5.9%
1,418+1177.5%
2,289+61.4%
1,795−21.6%
746−58.4%
—
Change in total debt
1,519
1,870+23.1%
(3,969)−312.2%
(679)n/m
30n/m
(32)−206.7%
(3,612)n/m
(3,602)n/m
6,828n/m
(256)−103.7%
—
Cash left over
(1,675)
(2,841)n/m
(6,446)n/m
(210)n/m
1,532n/m
3,863+152.2%
(3,112)−180.6%
(4,096)n/m
1,415n/m
(4,485)−417.0%
—
FCF conversion (FCF ÷ net income)
100.0%−8.4 pp
424.0%+323.9 pp
94.5%−329.5 pp
94.4%−0.1 pp
111.9%+17.5 pp
115.2%+3.3 pp
99.9%−15.3 pp
91.0%−8.9 pp
44.6%−46.4 pp
40.4%−4.2 pp
—
Owner earnings
6,194
225−96.4%
6,323+2710.2%
9,416+48.9%
8,879−5.7%
12,814+44.3%
9,654−24.7%
9,612−0.4%
15,406+60.3%
5,980−61.2%
—
Owner earnings margin
14.8%
0.6%−14.2 pp
18.4%+17.8 pp
25.3%+6.8 pp
26.9%+1.6 pp
33.1%+6.3 pp
22.4%−10.7 pp
21.0%−1.4 pp
32.7%+11.7 pp
12.5%−20.3 pp
—
Buyback yield
2.0%+0.1 pp
1.9%−0.2 pp
0.9%−0.9 pp
0.5%−0.5 pp
0.0%−0.4 pp
0.0%−0.0 pp
0.5%+0.5 pp
0.9%+0.4 pp
0.7%−0.2 pp
0.2%−0.4 pp
—
Returns & ratios
ROIC (all capital)
13.4%+0.9 pp
6.2%−7.1 pp
14.6%+8.4 pp
16.3%+1.7 pp
13.4%−2.9 pp
15.0%+1.7 pp
16.6%+1.6 pp
18.4%+1.7 pp
15.7%−2.6 pp
19.7%+4.0 pp
—
ROIC (operating)
80.0%+11.3 pp
41.7%−38.3 pp
102.7%+61.0 pp
122.7%+20.0 pp
111.0%−11.7 pp
196.7%+85.7 pp
442.4%+245.7 pp
550.3%+107.9 pp
—
—
—
Net debt / EBITDA
2.62x−0.03x
3.56x+0.93x
3.16x−0.40x
3.04x−0.12x
3.25x+0.21x
2.71x−0.54x
2.35x−0.36x
1.86x−0.49x
2.67x+0.80x
1.91x−0.76x
—
Debt / equity
1.97x+0.25x
2.78x+0.80x
2.56x−0.22x
2.25x−0.31x
2.22x−0.04x
1.86x−0.36x
1.62x−0.24x
1.37x−0.25x
1.70x+0.33x
1.31x−0.40x
—
Cash conversion cycle (days)
−117−9 d
−125−8 d
−141−16 d
−159−18 d
−179−20 d
−233−54 d
−204+29 d
−191+13 d
−311−120 d
−183+128 d
—
ROE
28.3%−0.5 pp
7.3%−21.0 pp
37.9%+30.6 pp
47.0%+9.1 pp
40.1%−6.9 pp
42.5%+2.3 pp
39.6%−2.9 pp
41.3%+1.7 pp
42.8%+1.5 pp
40.7%−2.0 pp
—
ROA
7.5%−0.7 pp
1.4%−6.1 pp
7.7%+6.3 pp
10.3%+2.6 pp
8.9%−1.5 pp
10.4%+1.5 pp
10.3%−0.1 pp
11.0%+0.7 pp
10.6%−0.4 pp
12.5%+1.9 pp
—
ROCE
14.3%+0.4 pp
12.8%−1.5 pp
16.8%+4.0 pp
17.0%+0.2 pp
12.4%−4.6 pp
13.9%+1.5 pp
14.9%+1.1 pp
15.3%+0.3 pp
13.3%−2.0 pp
16.5%+3.2 pp
—
NOPAT
6,969+4.1%
3,102−55.5%
7,206+132.3%
8,402+16.6%
7,169−14.7%
8,134+13.5%
8,935+9.8%
9,347+4.6%
8,131−13.0%
11,301+39.0%
—
Invested capital (operating)
7,676−21.3%
7,212−6.0%
6,821−5.4%
6,876+0.8%
6,042−12.1%
2,227−63.1%
1,812−18.6%
1,585−12.5%
(3,112)−296.3%
2,263n/m
—
Invested capital (all)
50,453−6.5%
49,125−2.6%
49,321+0.4%
53,797+9.1%
53,526−0.5%
54,834+2.4%
52,692−3.9%
49,125−6.8%
54,383+10.7%
60,416+11.1%
—
Reinvestment rate
−29.8%
−15.0%+14.9 pp
−5.4%+9.5 pp
0.7%+6.1 pp
−11.6%−12.3 pp
−46.9%−35.3 pp
−4.6%+42.3 pp
−2.4%+2.2 pp
−57.8%−55.3 pp
47.6%+105.3 pp
—
Debtor days
34+1 d
37+3 d
39+2 d
39−0 d
35−4 d
33−2 d
30−4 d
27−2 d
28+0 d
23−5 d
—
Inventory days
59−1 d
71+11 d
86+15 d
84−1 d
89+4 d
81−8 d
86+5 d
87+1 d
94+7 d
88−6 d
—
Days payable
210+9 d
233+22 d
266+34 d
282+16 d
303+20 d
347+45 d
319−28 d
305−14 d
432+127 d
294−139 d
—
Income
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Apr '26
Revenue
12,363
11,854
11,544
11,129
12,535+1.4%
12,455+5.1%
11,822+2.4%
12,472+12.1%
vs year-ago quarter
+1.4%
+5.1%
+2.4%
+12.1%
Gross profit
7,551
7,190
6,931
6,966
7,821+3.6%
7,658+6.5%
7,099+2.4%
7,852+12.7%
Gross margin
61.1%
60.7%
60.0%
62.6%
62.4%+1.3 pp
61.5%+0.8 pp
60.0%+0.0 pp
63.0%+0.4 pp
Operating income
2,632
2,510
2,709
3,659
4,280+62.6%
3,982+58.6%
1,841−32.0%
4,359+19.1%
Net income
2,411
2,848
2,195
3,330
3,810+58.0%
3,696+29.8%
2,271+3.5%
3,924+17.8%
vs year-ago quarter
+58.0%
+29.8%
+3.5%
+17.8%
Net margin
19.5%
24.0%
19.0%
29.9%
30.4%+10.9 pp
29.7%+5.6 pp
19.2%+0.2 pp
31.5%+1.5 pp
EPS (diluted, $)
0.56
0.66
0.51
0.77
0.88+57.1%
0.86+30.3%
0.53+3.6%
0.91+18.2%
vs year-ago quarter
+57.1%
+30.3%
+3.6%
+18.2%
Balance sheet
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Apr '26
Total assets
101,202
106,266
100,549
101,716
104,333+3.1%
106,045−0.2%
104,816+4.2%
104,217+2.5%
Cash & equivalents
17,399
16,377
12,848
11,996
12,248−29.6%
13,874−15.3%
13,872+8.0%
11,083−7.6%
Total debt
38,085
42,994
42,375
43,530
44,976+18.1%
43,177+0.4%
42,119−0.6%
39,065−10.3%
Shareholders’ equity
25,853
26,518
24,856
26,202
28,585+10.6%
31,247+17.8%
32,169+29.4%
33,633+28.4%
Cash flow
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Apr '26
Operating cash flow
3,585
(1,259)
3,951
(5,202)
3,811+6.3%
5,043n/m
3,756−4.9%
2,021n/m
Capex
422
469
803
309
442+4.7%
479+2.1%
882+9.8%
266−13.9%
Free cash flow
3,163
(1,728)
3,148
(5,511)
3,369+6.5%
4,564n/m
2,874−8.7%
1,755n/m
vs year-ago quarter
+6.5%
n/m
−8.7%
n/m