CCEP vs COKE: Coca-Cola European Partners and Coca-Cola Consolidated compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Coca-Cola European Partners is the larger company, worth $45.1B, about 3.3 times Coca-Cola Consolidated.
- Coca-Cola Consolidated grew revenue faster over the last year (+10.6% vs +2.3%).
- Coca-Cola European Partners keeps more of each dollar of revenue as operating profit (13.4% vs 13.0%).
- On earnings, Coca-Cola European Partners is the cheaper stock (20.4x vs 27.8x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CCEP | COKE |
|---|---|---|
| Market cap | $45.1B | $13.5B |
| Share price | $104.25 | $196.24 |
| Revenue (last fiscal year) | $20.9B | $7.2B |
| Free cash flow (last fiscal year) | $2.0B | $620M |
| Revenue growth, last year | +2.3% | +10.6% |
| Revenue growth per year, last 5 fiscal years | +11.0% | +6.8% |
| Operating margin | 13.4% | 13.0% |
| Net margin | 9.3% | 7.2% |
| Return on equity | 28.4% | — |
| P/E (trailing) | 20.4x | 27.8x |
| Price / free cash flow | 23.2x | 21.6x |
| EV / EBITDA | 12.0x | 17.1x |
| FCF growth the price implies | — | 6.1% |
| Dividend yield | 2.4% | 0.51% |
| Debt / equity | 1.73x | — |
| Fundamental grade | C | D |
| Superinvestors holding it | 0 | 2 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Coca-Cola European Partners
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $13.8B | $1.7B | 11.0% |
| 2022 | $17.3B | $2.3B | 12.0% |
| 2023 | $18.3B | $2.0B | 12.8% |
| 2024 | $20.4B | $2.1B | 10.4% |
| 2025 | $20.9B | $2.0B | 13.4% |
Coca-Cola Consolidated
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $5.6B | $366M | 7.9% |
| 2022 | $6.2B | $256M | 10.3% |
| 2023 | $6.7B | $528M | 12.5% |
| 2024 | $6.9B | $505M | 13.3% |
| 2025 | $7.2B | $620M | 13.2% |
Where the revenue comes from
Coca-Cola European Partners · by regions, 2025
Great Britain$3.5B17%
Iberia$3.4B16%
Germany$3.2B15%
France$2.4B12%
Australia$2.4B11%
Philippines$1.9B9%
Coca-Cola Consolidated · by segments, 2025
Nonalcoholic Beverages$7.2B96%
All Other$326M4%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CCEP in InvestinglyQuestions
Which is bigger, Coca-Cola European Partners or Coca-Cola Consolidated?
Coca-Cola European Partners (CCEP), at $45.1B against $13.5B.
Is CCEP or COKE cheaper?
By trailing P/E, Coca-Cola European Partners (20.4x) is cheaper than Coca-Cola Consolidated (27.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, CCEP or COKE?
Coca-Cola Consolidated: revenue grew +10.6% over the last year, against +2.3%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.